Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 26, 2025	Jul. 27, 2024
Current assets:
Cash and cash equivalents	$ 8,161	$ 7,508
Investments	7,481	10,346
Accounts receivable, net of allowance of $82 at April 26, 2025 and $87 at July 27, 2024	5,277	6,685
Inventories	2,832	3,373
Financing receivables, net	2,958	3,338
Other current assets	6,107	5,612
Total current assets	32,816	36,862
Property and equipment, net	2,076	2,090
Financing receivables, net	3,247	3,376
Goodwill	59,024	58,660
Purchased intangible assets, net	9,643	11,219
Deferred tax assets	7,016	6,262
Other assets	5,960	5,944
TOTAL ASSETS	119,782	124,413
Current liabilities:
Short-term debt	6,422	11,341
Accounts payable	2,260	2,304
Income taxes payable	1,821	1,439
Accrued compensation	3,210	3,608
Deferred revenue	16,081	16,249
Other current liabilities	4,701	5,643
Total current liabilities	34,495	40,584
Long-term debt	22,857	19,621
Income taxes payable	1,874	3,985
Deferred revenue	11,910	12,226
Other long-term liabilities	2,711	2,540
Total liabilities	73,847	78,956
Commitments and contingencies (Note 14)
Cisco stockholders’ equity:
Preferred stock, $0.001 par value: 5 shares authorized; none issued and outstanding	0	0
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 3,960 and 4,007 shares issued and outstanding at April 26, 2025 and July 27, 2024, respectively	46,916	45,800
Retained earnings	152	1,087
Accumulated other comprehensive loss	(1,133)	(1,430)
Total equity	45,935	45,457
TOTAL LIABILITIES AND EQUITY	$ 119,782	$ 124,413