Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 23, 2021	Jul. 25, 2020
Current assets:
Cash and cash equivalents	$ 11,793	$ 11,809
Investments	18,795	17,610
Accounts receivable, net of allowance for doubtful accounts of $102 at January 23, 2021 and $143 at July 25, 2020	4,307	5,472
Inventories	1,436	1,282
Financing receivables, net	5,027	5,051
Other current assets	2,553	2,349
Total current assets	43,911	43,573
Property and equipment, net	2,386	2,453
Financing receivables, net	5,100	5,714
Goodwill	34,733	33,806
Purchased intangible assets, net	1,462	1,576
Deferred tax assets	4,109	3,990
Other assets	3,900	3,741
TOTAL ASSETS	95,601	94,853
Current liabilities:
Short-term debt	5,000	3,005
Accounts payable	1,867	2,218
Income taxes payable	763	839
Accrued compensation	3,295	3,122
Deferred revenue	11,552	11,406
Other current liabilities	4,791	4,741
Total current liabilities	27,268	25,331
Long-term debt	9,554	11,578
Income taxes payable	8,084	8,837
Deferred revenue	9,294	9,040
Other long-term liabilities	2,280	2,147
Total liabilities	56,480	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; 4,221 and 4,237 shares issued and outstanding at January 23, 2021 and July 25, 2020, respectively	41,690	41,202
Accumulated deficit	(2,351)	(2,763)
Accumulated other comprehensive loss	(218)	(519)
Total equity	39,121	37,920
TOTAL LIABILITIES AND EQUITY	$ 95,601	$ 94,853