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Balance Sheet and Other Details
3 Months Ended
Oct. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet and Other Details Balance Sheet and Other Details
The following tables provide details of selected balance sheet and other items (in millions):
Cash, Cash Equivalents, and Restricted Cash
October 30,
2021
July 31,
2021
Cash and cash equivalents$7,619 $9,175 
Restricted cash included in other current assets10 14 
Restricted cash included in other assets750 753 
Total cash, cash equivalents, and restricted cash$8,379 $9,942 
Our restricted cash balances are funds primarily related to contractual obligations with suppliers.
Inventories
October 30,
2021
July 31,
2021
Raw materials$1,090 $801 
Work in process41 54 
Finished goods:
Deferred cost of sales85 97 
Manufactured finished goods465 422 
Total finished goods550 519 
Service-related spares142 174 
Demonstration systems11 
Total$1,832 $1,559 
Property and Equipment, Net
October 30,
2021
July 31,
2021
Gross property and equipment:
Land, buildings, and building and leasehold improvements$4,310 $4,304 
Computer equipment and related software861 858 
Production, engineering, and other equipment5,023 5,106 
Operating lease assets250 273 
Furniture, fixtures and other377 377 
Total gross property and equipment10,821 10,918 
Less: accumulated depreciation and amortization
(8,583)(8,580)
Total$2,238 $2,338 
Remaining Performance Obligations
October 30,
2021
July 31,
2021
Product$13,384 $13,270 
Service16,751 17,623 
Total$30,135 $30,893 
Current$15,941 $16,289 
Noncurrent14,194 14,604 
Total$30,135 $30,893 
Remaining Performance Obligations (RPO) are comprised of deferred revenue plus unbilled contract revenue. As of October 30, 2021, the aggregate amount of RPO was comprised of $22.1 billion of deferred revenue and $8.1 billion of unbilled contract revenue. We expect approximately 53% of this amount to be recognized as revenue over the next 12 months. As of July 31, 2021, the aggregate amount of RPO was comprised of $22.2 billion of deferred revenue and $8.7 billion of unbilled contract revenue. Unbilled contract revenue represents noncancelable contracts for which we have not invoiced, have an obligation to perform, and revenue has not yet been recognized in the financial statements.
Deferred Revenue
October 30,
2021
July 31,
2021
Product$9,681 $9,416 
Service12,391 12,748 
Total$22,072 $22,164 
Reported as:
Current$12,017 $12,148 
Noncurrent10,055 10,016 
Total$22,072 $22,164