Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 26, 2025	Jul. 27, 2024
Current assets:
Cash and cash equivalents	$ 8,346	$ 7,508
Investments	7,764	10,346
Accounts receivable, net of allowance of $69 at July 26, 2025 and $87 at July 27, 2024	6,701	6,685
Inventories	3,164	3,373
Financing receivables, net	3,061	3,338
Other current assets	5,950	5,612
Total current assets	34,986	36,862
Property and equipment, net	2,113	2,090
Financing receivables, net	3,466	3,376
Goodwill	59,136	58,660
Purchased intangible assets, net	9,175	11,219
Deferred tax assets	7,356	6,262
Other assets	6,059	5,944
TOTAL ASSETS	122,291	124,413
Current liabilities:
Short-term debt	5,232	11,341
Accounts payable	2,528	2,304
Income taxes payable	1,857	1,439
Accrued compensation	3,611	3,608
Deferred revenue	16,416	16,249
Other current liabilities	5,420	5,643
Total current liabilities	35,064	40,584
Long-term debt	22,861	19,621
Income taxes payable	2,165	3,985
Deferred revenue	12,363	12,226
Other long-term liabilities	2,995	2,540
Total liabilities	75,448	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 July 26, 2025 and July 27, 2024, respectively	47,747	45,800
Retained earnings	50	1,087
Accumulated other comprehensive loss	(954)	(1,430)
Total equity	46,843	45,457
TOTAL LIABILITIES AND EQUITY	$ 122,291	$ 124,413