Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 25, 2025	Jul. 26, 2025
Current assets:
Cash and cash equivalents	$ 8,400	$ 8,346
Investments	7,336	7,764
Accounts receivable, net of allowance of $62 at October 25, 2025 and $69 at July 26, 2025	4,827	6,701
Inventories	3,395	3,164
Financing receivables, net	3,085	3,061
Other current assets	5,833	5,950
Total current assets	32,876	34,986
Property and equipment, net	2,248	2,113
Financing receivables, net	3,719	3,466
Goodwill	59,119	59,136
Purchased intangible assets, net	8,713	9,175
Deferred tax assets	7,314	7,356
Other assets	7,113	6,059
TOTAL ASSETS	121,102	122,291
Current liabilities:
Short-term debt	6,725	5,232
Accounts payable	2,418	2,528
Income taxes payable	2,471	1,857
Accrued compensation	3,064	3,611
Deferred revenue	15,801	16,416
Other current liabilities	4,972	5,420
Total current liabilities	35,451	35,064
Long-term debt	21,364	22,861
Income taxes payable	2,172	2,165
Deferred revenue	12,168	12,363
Other long-term liabilities	3,074	2,995
Total liabilities	74,229	75,448
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; 3,938 and 3,960 shares issued and outstanding at October 25, 2025 and July 26, 2025, respectively	48,167	47,747
Retained earnings (Accumulated deficit)	(364)	50
Accumulated other comprehensive loss	(930)	(954)
Total equity	46,873	46,843
TOTAL LIABILITIES AND EQUITY	$ 121,102	$ 122,291