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Balance Sheet and Other Details (Tables)
6 Months Ended
Jan. 25, 2025
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 25,
2025
July 27,
2024
Cash and cash equivalents$8,556 $7,508 
Restricted cash and restricted cash equivalents included in other current assets761 765 
Restricted cash and restricted cash equivalents included in other assets191 569 
Total$9,508 $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
January 25,
2025
July 27,
2024
Cash and cash equivalents$8,556 $7,508 
Restricted cash and restricted cash equivalents included in other current assets761 765 
Restricted cash and restricted cash equivalents included in other assets191 569 
Total$9,508 $8,842 
Inventories
Inventories
January 25,
2025
July 27,
2024
Raw materials$1,692 $2,039 
Work in process109 83 
Finished goods910 1,027 
Service-related spares210 216 
Demonstration systems
Total$2,927 $3,373 
Property and Equipment, Net
Property and Equipment, Net
January 25,
2025
July 27,
2024
Gross property and equipment:
Land, buildings, and building and leasehold improvements$3,979 $4,247 
Production, engineering, computer and other equipment and related software5,070 5,160 
Operating lease assets77 115 
Furniture, fixtures and other367 351 
Total gross property and equipment9,493 9,873 
Less: accumulated depreciation and amortization
(7,501)(7,783)
Total$1,992 $2,090 
Remaining Performance Obligations
Remaining Performance Obligations (RPO)
January 25,
2025
July 27,
2024
Product$20,321 $20,055 
Services20,947 20,993 
Total$41,268 $41,048 
Short-term RPO$21,017 $20,882 
Long-term RPO20,251 20,166 
Total$41,268 $41,048 
Amount to be recognized as revenue over the next 12 months
51 %51 %
Deferred revenue$27,795 $28,475 
Unbilled contract revenue13,473 12,573 
Total$41,268 $41,048 
Deferred Revenue
Deferred Revenue
January 25,
2025
July 27,
2024
Product$13,033 $13,219 
Services14,762 15,256 
Total$27,795 $28,475 
Reported as:
Current$15,999 $16,249 
Noncurrent11,796 12,226 
Total$27,795 $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):
January 25,
2025
July 27,
2024
Current$1,595 $1,819 
Noncurrent— 2,273 
Total$1,595 $4,092