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Balance Sheet and Other Details
 3 Months Ended
Oct. 28, 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, except percentages):
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
October 28,
2023		July 29,
2023
Cash and cash equivalents$9,602 $10,123 
Restricted cash and restricted cash equivalents included in other current assets378 191 
Restricted cash and restricted cash equivalents included in other assets1,125 1,313 
Total$11,105 $11,627 
Our restricted cash and restricted cash equivalents are funds primarily related to contractual obligations with suppliers.
Inventories
October 28,
2023		July 29,
2023
Raw materials$1,854 $1,685 
Work in process194 264 
Finished goods1,093 1,493 
Service-related spares188 186 
Demonstration systems13 16 
Total$3,342 $3,644 
Property and Equipment, Net
October 28,
2023		July 29,
2023
Gross property and equipment:
Land, buildings, and building and leasehold improvements$4,194 $4,229 
Computer equipment and related software682 744 
Production, engineering, and other equipment4,465 4,611 
Operating lease assets123 135 
Furniture, fixtures and other338 339 
Total gross property and equipment9,802 10,058 
Less: accumulated depreciation and amortization
(7,798)(7,973)
Total$2,004 $2,085 
Remaining Performance Obligations (RPO)
October 28,
2023		July 29,
2023
Product$16,011 $15,802 
Service18,742 19,066 
Total$34,753 $34,868 
Short-term RPO$17,617 $17,910 
Long-term RPO17,136 16,958 
Total$34,753 $34,868 
Amount to be recognized as revenue over the next 12 months
51 %51 %
Deferred revenue$25,659 $25,550 
Unbilled contract revenue9,094 9,318 
Total$34,753 $34,868 
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
October 28,
2023		July 29,
2023
Product$11,689 $11,505 
Service13,970 14,045 
Total$25,659 $25,550 
Reported as:
Current$13,812 $13,908 
Noncurrent11,847 11,642 
Total$25,659 $25,550 
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 Cuts and Jobs Act is as follows (in millions):
October 28,
2023		July 29,
2023
Current$1,364 $1,364 
Noncurrent4,092 4,092 
Total$5,456 $5,456