Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 24, 2020	Jul. 25, 2020
Current assets:
Cash and cash equivalents	$ 10,822	$ 11,809
Investments	19,190	17,610
Accounts receivable, net of allowance for doubtful accounts of $125 at October 24, 2020 and $143 at July 25, 2020	3,980	5,472
Inventories	1,303	1,282
Financing receivables, net	5,105	5,051
Other current assets	2,589	2,349
Total current assets	42,989	43,573
Property and equipment, net	2,412	2,453
Financing receivables, net	5,516	5,714
Goodwill	34,535	33,806
Purchased intangible assets, net	1,581	1,576
Deferred tax assets	4,138	3,990
Other assets	3,832	3,741
TOTAL ASSETS	95,003	94,853
Current liabilities:
Short-term debt	5,002	3,005
Accounts payable	2,294	2,218
Income taxes payable	810	839
Accrued compensation	2,978	3,122
Deferred revenue	11,271	11,406
Other current liabilities	4,636	4,741
Total current liabilities	26,991	25,331
Long-term debt	9,564	11,578
Income taxes payable	8,786	8,837
Deferred revenue	9,202	9,040
Other long-term liabilities	2,303	2,147
Total liabilities	56,846	56,933
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; 4,222 and 4,237 shares issued and outstanding at October 24, 2020 and July 25, 2020, respectively	41,360	41,202
Accumulated deficit	(2,756)	(2,763)
Accumulated other comprehensive loss	(447)	(519)
Total equity	38,157	37,920
TOTAL LIABILITIES AND EQUITY	$ 95,003	$ 94,853