Balance Sheet Details

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



	October 29, 2016		July 30, 2016
Inventories:
Raw materials	$	111	$	91
Finished goods:
Distributor inventory and deferred cost of sales	481		457
Manufactured finished goods	328		415
Total finished goods	809		872
Service-related spares	237		236
Demonstration systems	19		18
Total	$	1,176	$	1,217



Property and equipment, net:
Gross property and equipment:
Land, buildings, and building and leasehold improvements	$	4,819		$	4,778
Computer equipment and related software	1,292			1,288
Production, engineering, and other equipment	5,708			5,658
Operating lease assets	301			296
Furniture and fixtures	548			543
Total gross property and equipment	12,668			12,563
Less: accumulated depreciation and amortization	(9,169		)	(9,057		)
Total	$	3,499		$	3,506



Deferred revenue:
Service	$	10,424	$	10,621
Product:
Deferred revenue related to recurring software and subscription businesses	3,801		3,308
Deferred revenue related to two-tier distributors	439		377
Other product deferred revenue	2,287		2,166
Total product deferred revenue	6,527		5,851
Total	$	16,951	$	16,472
Reported as:
Current	$	10,215	$	10,155
Noncurrent	6,736		6,317
Total	$	16,951	$	16,472