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Balance Sheet and Other Details (Tables)
9 Months Ended
Apr. 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
April 27,
2024
July 29,
2023
Cash and cash equivalents$8,913 $10,123 
Restricted cash and restricted cash equivalents included in other current assets765 191 
Restricted cash and restricted cash equivalents included in other assets761 1,313 
Total$10,439 $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
April 27,
2024
July 29,
2023
Cash and cash equivalents$8,913 $10,123 
Restricted cash and restricted cash equivalents included in other current assets765 191 
Restricted cash and restricted cash equivalents included in other assets761 1,313 
Total$10,439 $11,627 
Inventories
Inventories
April 27,
2024
July 29,
2023
Raw materials$1,789 $1,685 
Work in process111 264 
Finished goods996 1,493 
Service-related spares212 186 
Demonstration systems10 16 
Total$3,118 $3,644 
Property and Equipment, Net
Property and Equipment, Net
April 27,
2024
July 29,
2023
Gross property and equipment:
Land, buildings, and building and leasehold improvements$4,221 $4,229 
Computer equipment and related software696 744 
Production, engineering, and other equipment4,411 4,611 
Operating lease assets120 135 
Furniture, fixtures and other348 339 
Total gross property and equipment9,796 10,058 
Less: accumulated depreciation and amortization
(7,796)(7,973)
Total$2,000 $2,085 
Remaining Performance Obligations
Remaining Performance Obligations (RPO)
April 27,
2024
July 29,
2023
Product$18,876 $15,802 
Service19,898 19,066 
Total$38,774 $34,868 
Short-term RPO$20,089 $17,910 
Long-term RPO18,685 16,958 
Total$38,774 $34,868 
Amount to be recognized as revenue over the next 12 months
52 %51 %
Deferred revenue$27,475 $25,550 
Unbilled contract revenue11,299 9,318 
Total$38,774 $34,868 
Deferred Revenue
Deferred Revenue
April 27,
2024
July 29,
2023
Product$12,856 $11,505 
Service14,619 14,045 
Total$27,475 $25,550 
Reported as:
Current$15,751 $13,908 
Noncurrent11,724 11,642 
Total$27,475 $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):
April 27,
2024
July 29,
2023
Current$1,819 $1,364 
Noncurrent2,273 4,092 
Total$4,092 $5,456