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Balance Sheet and Other Details (Tables)
3 Months Ended
Oct. 26, 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
October 26,
2024
July 27,
2024
Cash and cash equivalents$9,065 $7,508 
Restricted cash and restricted cash equivalents included in other current assets763 765 
Restricted cash and restricted cash equivalents included in other assets380 569 
Total$10,208 $8,842 
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
October 26,
2024
July 27,
2024
Cash and cash equivalents$9,065 $7,508 
Restricted cash and restricted cash equivalents included in other current assets763 765 
Restricted cash and restricted cash equivalents included in other assets380 569 
Total$10,208 $8,842 
Inventories
Inventories
October 26,
2024
July 27,
2024
Raw materials$1,885 $2,039 
Work in process100 83 
Finished goods945 1,027 
Service-related spares207 216 
Demonstration systems
Total$3,143 $3,373 
Property and Equipment, Net
Property and Equipment, Net
October 26,
2024
July 27,
2024
Gross property and equipment:
Land, buildings, and building and leasehold improvements$4,267 $4,247 
Production, engineering, computer and other equipment and related software5,135 5,160 
Operating lease assets88 115 
Furniture, fixtures and other356 351 
Total gross property and equipment9,846 9,873 
Less: accumulated depreciation and amortization
(7,764)(7,783)
Total$2,082 $2,090 
Remaining Performance Obligations
Remaining Performance Obligations (RPO)
October 26,
2024
July 27,
2024
Product$19,882 $20,055 
Services20,108 20,993 
Total$39,990 $41,048 
Short-term RPO$20,310 $20,882 
Long-term RPO19,680 20,166 
Total$39,990 $41,048 
Amount to be recognized as revenue over the next 12 months
51 %51 %
Deferred revenue$27,502 $28,475 
Unbilled contract revenue12,488 12,573 
Total$39,990 $41,048 
Deferred Revenue
Deferred Revenue
October 26,
2024
July 27,
2024
Product$12,941 $13,219 
Services14,561 15,256 
Total$27,502 $28,475 
Reported as:
Current$15,615 $16,249 
Noncurrent11,887 12,226 
Total$27,502 $28,475 
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 26,
2024
July 27,
2024
Current$1,819 $1,819 
Noncurrent1,595 2,273 
Total$3,414 $4,092