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Balance Sheet and Other Details (Tables)
6 Months Ended
Jan. 27, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
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 
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
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 
Inventories
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
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
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 
Deferred Revenue
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