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Balance Sheet and Other Details
 12 Months Ended
Jul. 29, 2023
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, Restricted Cash and Restricted Cash Equivalents
July 29, 2023July 30, 2022
Cash and cash equivalents$10,123 $7,079 
Restricted cash and restricted cash equivalents included in other current assets191 — 
Restricted cash and restricted cash equivalents included in other assets1,313 1,500 
Total$11,627 $8,579 
Our restricted cash and restricted cash equivalents are funds primarily related to contractual obligations with suppliers.
Inventories
July 29, 2023July 30, 2022
Raw materials$1,685 $1,601 
Work in process264 150 
Finished goods1,493 717 
Service-related spares186 90 
Demonstration systems16 10 
Total$3,644 $2,568 
Property and Equipment, Net
July 29, 2023July 30, 2022
Gross property and equipment:
Land, buildings, and building and leasehold improvements$4,229 $4,219 
Computer equipment and related software744 779 
Production, engineering, and other equipment4,611 4,647 
Operating lease assets135 185 
Furniture, fixtures and other339 335 
Total gross property and equipment10,058 10,165 
Less: accumulated depreciation and amortization(7,973)(8,168)
Total$2,085 $1,997 
Remaining Performance Obligations (RPO)
July 29, 2023July 30, 2022
Product$15,802 $14,090 
Service19,066 17,449 
Total$34,868 $31,539 
Short-term RPO$17,910 $16,936 
Long-term RPO16,958 14,603 
Total$34,868 $31,539 
Amount to be recognized as revenue over the next 12 months
51 %54 %
Deferred revenue$25,550 $23,264 
Unbilled contract revenue9,318 8,275 
Total$34,868 $31,539 
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
July 29, 2023July 30, 2022
Product$11,505 $10,427 
Service14,045 12,837 
Total$25,550 $23,264 
Reported as:
Current$13,908 $12,784 
Noncurrent11,642 10,480 
Total$25,550 $23,264 
Transition Tax Payable
Our income tax payable associated with the one-time U.S. transition tax on accumulated earnings for foreign subsidiaries as a result of the Tax Act is as follows (in millions):
July 29, 2023July 30, 2022
Current$1,364 $727 
Noncurrent4,092 5,456 
Total$5,456 $6,183