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Balance Sheet and Other Details
 6 Months Ended
Jan. 27, 2024
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
January 27,
2024		July 29,
2023
Cash and cash equivalents$13,715 $10,123 
Restricted cash and restricted cash equivalents included in other current assets565 191 
Restricted cash and restricted cash equivalents included in other assets938 1,313 
Total$15,218 $11,627 
Our restricted cash and restricted cash equivalents are funds primarily related to contractual obligations with suppliers.
Inventories
January 27,
2024		July 29,
2023
Raw materials$1,784 $1,685 
Work in process165 264 
Finished goods1,047 1,493 
Service-related spares200 186 
Demonstration systems13 16 
Total$3,209 $3,644 
Property and Equipment, Net
January 27,
2024		July 29,
2023
Gross property and equipment:
Land, buildings, and building and leasehold improvements$4,214 $4,229 
Computer equipment and related software691 744 
Production, engineering, and other equipment4,466 4,611 
Operating lease assets125 135 
Furniture, fixtures and other339 339 
Total gross property and equipment9,835 10,058 
Less: accumulated depreciation and amortization
(7,830)(7,973)
Total$2,005 $2,085 
Remaining Performance Obligations (RPO)
January 27,
2024		July 29,
2023
Product$16,249 $15,802 
Service19,407 19,066 
Total$35,656 $34,868 
Short-term RPO$17,930 $17,910 
Long-term RPO17,726 16,958 
Total$35,656 $34,868 
Amount to be recognized as revenue over the next 12 months
50 %51 %
Deferred revenue$25,771 $25,550 
Unbilled contract revenue9,885 9,318 
Total$35,656 $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
January 27,
2024		July 29,
2023
Product$11,640 $11,505 
Service14,131 14,045 
Total$25,771 $25,550 
Reported as:
Current$14,011 $13,908 
Noncurrent11,760 11,642 
Total$25,771 $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):
January 27,
2024		July 29,
2023
Current$1,819 $1,364 
Noncurrent2,273 4,092 
Total$4,092 $5,456