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Balance Sheet and Other Details
6 Months Ended
Jan. 29, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet and Other Details Balance Sheet and Other Details
The following tables provide details of selected balance sheet and other items (in millions):
Cash, Cash Equivalents, and Restricted Cash
January 29,
2022
July 31,
2021
Cash and cash equivalents$6,731 $9,175 
Restricted cash included in other current assets11 14 
Restricted cash included in other assets750 753 
Total cash, cash equivalents, and restricted cash$7,492 $9,942 
Our restricted cash balances are funds primarily related to contractual obligations with suppliers.
Inventories
January 29,
2022
July 31,
2021
Raw materials$1,284 $801 
Work in process50 54 
Finished goods:
Deferred cost of sales80 97 
Manufactured finished goods522 422 
Total finished goods602 519 
Service-related spares116 174 
Demonstration systems11 
Total$2,059 $1,559 

Property and Equipment, Net
January 29,
2022
July 31,
2021
Gross property and equipment:
Land, buildings, and building and leasehold improvements$4,293 $4,304 
Computer equipment and related software852 858 
Production, engineering, and other equipment4,879 5,106 
Operating lease assets245 273 
Furniture, fixtures and other353 377 
Total gross property and equipment10,622 10,918 
Less: accumulated depreciation and amortization
(8,482)(8,580)
Total$2,140 $2,338 
Remaining Performance Obligations
January 29,
2022
July 31,
2021
Product$13,532 $13,270 
Service16,986 17,623 
Total$30,518 $30,893 
Current$16,310 $16,289 
Noncurrent14,208 14,604 
Total$30,518 $30,893 
Remaining Performance Obligations (RPO) are comprised of deferred revenue plus unbilled contract revenue. As of January 29, 2022, the aggregate amount of RPO was comprised of $22.3 billion of deferred revenue and $8.2 billion of unbilled contract revenue. We expect approximately 53% of this amount to be recognized as revenue over the next 12 months. As of July 31, 2021, the aggregate amount of RPO was comprised of $22.2 billion of deferred revenue and $8.7 billion of unbilled contract revenue. Unbilled contract revenue represents noncancelable contracts for which we have not invoiced, have an obligation to perform, and revenue has not yet been recognized in the financial statements.
Deferred Revenue
January 29,
2022
July 31,
2021
Product$9,767 $9,416 
Service12,546 12,748 
Total$22,313 $22,164 
Reported as:
Current$12,268 $12,148 
Noncurrent10,045 10,016 
Total$22,313 $22,164