Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 25, 2020	Jul. 27, 2019
Current assets:
Cash and cash equivalents	$ 11,809	$ 11,750
Investments	17,610	21,663
Accounts receivable, net of allowance for doubtful accounts of $143 at July 25, 2020 and $136 at July 27, 2019	5,472	5,491
Inventories	1,282	1,383
Financing receivables, net	5,051	5,095
Other current assets	2,349	2,373
Total current assets	43,573	47,755
Property and equipment, net	2,453	2,789
Financing receivables, net	5,714	4,958
Goodwill	33,806	33,529
Purchased intangible assets, net	1,576	2,201
Deferred tax assets	3,990	4,065
Other assets	3,741	2,496
TOTAL ASSETS	94,853	97,793
Current liabilities:
Short-term debt	3,005	10,191
Accounts payable	2,218	2,059
Income taxes payable	839	1,149
Accrued compensation	3,122	3,221
Deferred revenue	11,406	10,668
Other current liabilities	4,741	4,424
Total current liabilities	25,331	31,712
Long-term debt	11,578	14,475
Income taxes payable	8,837	8,927
Deferred revenue	9,040	7,799
Other long-term liabilities	2,147	1,309
Total liabilities	56,933	64,222
Commitments and contingencies (Note 14)
Cisco shareholders’ equity:
Preferred stock, no par value: 5 shares authorized; none issued and outstanding	0	0
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 4,237 and 4,250 shares issued and outstanding at July 25, 2020 and July 27, 2019, respectively	41,202	40,266
Accumulated deficit	(2,763)	(5,903)
Accumulated other comprehensive loss	(519)	(792)
Total equity	37,920	33,571
TOTAL LIABILITIES AND EQUITY	$ 94,853	$ 97,793