Consolidated Balance Sheets - USD ($) $ in Millions	May 01, 2021	Jul. 25, 2020
Current assets:
Cash and cash equivalents	$ 7,350	$ 11,809
Investments	16,229	17,610
Accounts receivable, net of allowance for doubtful accounts of $110 at May 1, 2021 and $143 at July 25, 2020	4,425	5,472
Inventories	1,579	1,282
Financing receivables, net	4,648	5,051
Other current assets	2,829	2,349
Total current assets	37,060	43,573
Property and equipment, net	2,367	2,453
Financing receivables, net	5,068	5,714
Goodwill	37,690	33,806
Purchased intangible assets, net	3,716	1,576
Deferred tax assets	4,070	3,990
Other assets	3,925	3,741
TOTAL ASSETS	93,896	94,853
Current liabilities:
Short-term debt	2,000	3,005
Accounts payable	2,440	2,218
Income taxes payable	753	839
Accrued compensation	3,327	3,122
Deferred revenue	11,492	11,406
Other current liabilities	4,250	4,741
Total current liabilities	24,262	25,331
Long-term debt	9,532	11,578
Income taxes payable	8,247	8,837
Deferred revenue	9,397	9,040
Other long-term liabilities	2,253	2,147
Total liabilities	53,691	56,933
Commitments and contingencies (Note 14)
Cisco stockholders’ equity:
Preferred stock, $0.001 par value: 5 shares authorized; none issued and outstanding	0	0
Common stock, $0.001 par value, and additional paid-in capital: 20,000 shares authorized; 4,215 and 4,237 shares issued and outstanding at May 1, 2021 and July 25, 2020, respectively	41,949	41,202
Accumulated deficit	(1,456)	(2,763)
Accumulated other comprehensive loss	(288)	(519)
Total equity	40,205	37,920
TOTAL LIABILITIES AND EQUITY	$ 93,896	$ 94,853