6. Balance Sheet Details

The following tables provide details of selected balance sheet items (in millions):


	July 28, 2012			July 30, 2011
Inventories:
Raw materials	$	127		$	219
Work in process		35			52
Finished goods:
Distributor inventory and deferred cost of sales		630			631
Manufactured finished goods		597			331

Total finished goods		1,227			962

Service-related spares		213			182
Demonstration systems		61			71

Total	$	1,663		$	1,486

Property and equipment, net:
Land, buildings, and building and leasehold improvements	$	4,363		$	4,760
Computer equipment and related software		1,469			1,429
Production, engineering, and other equipment		5,364			5,093
Operating lease assets ⁽¹⁾		300			293
Furniture and fixtures		487			491

		11,983			12,066
Less accumulated depreciation and amortization ⁽¹⁾		(8,581	)		(8,150	)

Total	$	3,402		$	3,916

⁽¹⁾ Accumulated depreciation related to operating lease assets was $181 and $169 as of July 28, 2012 and July 30, 2011, respectively.
Other assets:
Deferred tax assets	$	2,270		$	1,864
Investments in privately held companies		858			796
Other		754			441

Total	$	3,882		$	3,101

Deferred revenue:
Service	$	9,173		$	8,521
Product:
Unrecognized revenue on product shipments and other deferred revenue		2,975			3,003
Cash receipts related to unrecognized revenue from two-tier distributors		732			683

Total product deferred revenue		3,707			3,686

Total	$	12,880		$	12,207

Reported as:
Current	$	8,852		$	8,025
Noncurrent		4,028			4,182

Total	$	12,880		$	12,207