| Balance Sheet Details |
The following tables provide details of selected balance sheet items (in millions): | | | | | | | | | | | | April 25,
2015 | | July 26,
2014 | Inventories: | | | | | Raw materials | | $ | 264 |
| | $ | 77 |
| Work in process | | 2 |
| | 5 |
| Finished goods: | | | |
| Distributor inventory and deferred cost of sales | | 635 |
| | 595 |
| Manufactured finished goods | | 547 |
| | 606 |
| Total finished goods | | 1,182 |
| | 1,201 |
| Service-related spares | | 268 |
| | 273 |
| Demonstration systems | | 44 |
| | 35 |
| Total | | $ | 1,760 |
| | $ | 1,591 |
|
| | | | | | | | | | Property and equipment, net: | | | | | Gross property and equipment: | | | | | Land, buildings, and building and leasehold improvements | | $ | 4,465 |
| | $ | 4,468 |
| Computer equipment and related software | | 1,344 |
| | 1,425 |
| Production, engineering, and other equipment | | 5,795 |
| | 5,756 |
| Operating lease assets | | 359 |
| | 362 |
| Furniture and fixtures | | 498 |
| | 509 |
| Total gross property and equipment | | 12,461 |
| | 12,520 |
| Less: accumulated depreciation and amortization | | (9,185 | ) | | (9,268 | ) | Total | | $ | 3,276 |
| | $ | 3,252 |
|
| | | | | | | | | | Other assets: | | | | | Deferred tax assets | | $ | 1,437 |
| | $ | 1,700 |
| Investments in privately held companies | | 873 |
| | 899 |
| Other | | 765 |
| | 732 |
| Total | | $ | 3,075 |
| | $ | 3,331 |
|
| | | | | | | | | | Deferred revenue: | | | | | Service | | $ | 9,236 |
| | $ | 9,640 |
| Product: | |
| | | Unrecognized revenue on product shipments and other deferred revenue | | 4,258 |
| | 3,924 |
| Cash receipts related to unrecognized revenue from two-tier distributors | | 687 |
| | 578 |
| Total product deferred revenue | | 4,945 |
| | 4,502 |
| Total | | $ | 14,181 |
| | $ | 14,142 |
| Reported as: | |
| | | Current | | $ | 9,371 |
| | $ | 9,478 |
| Noncurrent | | 4,810 |
| | 4,664 |
| Total | | $ | 14,181 |
| | $ | 14,142 |
|
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