The following table presents cash and cash equivalents as reported in our consolidated balance sheets, as well as the sum of cash, cash equivalents and restricted cash as reported on our consolidated statement of cash flows:

	April 24, 2020		April 26, 2019
Cash and cash equivalents	$	2,658	$	2,325
Restricted cash		8		6
Cash, cash equivalents and restricted cash	$	2,666	$	2,331

	April 24, 2020		April 26, 2019
Purchased components	$	28	$	8
Finished goods		117		123
Inventories	$	145	$	131

	April 24, 2020			April 26, 2019
Land	$	103		$	106
Buildings and improvements		597			605
Leasehold improvements		89			86
Computer, production, engineering and other equipment		802			817
Computer software		359			357
Furniture and fixtures		106			105
Construction-in-progress		32			10
		2,088			2,086
Accumulated depreciation and amortization		(1,361	)		(1,327	)
Property and equipment, net	$	727		$	759

In September 2017, we entered into an agreement to sell certain land and buildings located in Sunnyvale, California, with a book value of $118 million, for a total of $306 million, through two separate and independent closings. Upon the completion of the first closing in fiscal 2018, we consummated the sale of properties with a net book value of $66 million for cash proceeds of $210 million, resulting in a gain, net of direct selling costs, of $142 million. The remaining properties, consisting of land, were classified as assets held-for-sale, and included as other current assets in our consolidated balance sheets as of April 26, 2019. On August 26, 2019, the second closing occurred and we consummated the sale of the land, with a net book value of $53 million, and received cash proceeds of $96 million, resulting in a gain, net of direct selling costs, of $38 million.

Depreciation and amortization expense related to property and equipment, net is summarized below (in millions):

Year Ended

April 24,

2020

April 26,

2019

April 27,

2018

Depreciation and amortization expense

154

150

145

	April 24, 2020		April 26, 2019
Deferred tax assets	$	220	$	201
Operating lease ROU assets		137		—
Other assets		342		389
Other non-current assets	$	699	$	590

During fiscal 2019, we formed a joint venture with Lenovo (Beijing) Information Technology Ltd. (“Lenovo”) in China and, in February 2019, contributed assets to the newly formed entity, Lenovo NetApp Technology Limited (“LNTL”), in exchange for a non-controlling 49% equity interest. The group of assets we contributed and derecognized met the definition of a business and included cash, fixed assets, customer relationships and an allocation of goodwill, with an aggregate book value of $7 million. The fair value of our equity interest in LNTL of $80 million, based on discounted cash flows, resulted in a non-cash gain of $73 million. We accounted for our ownership interest as an equity method investment and have presented it in Other non-current assets on our consolidated balance sheet. The book value of our investment as of April 24, 2020 and April 26, 2019 was $67 million and $78 million, respectively, reflecting a $10 million other-than-temporary impairment charge recorded to other income (expense), net in the fourth quarter of fiscal 2020 attributable to a decline in growth rate projections for LNTL, in part due to the COVID-19 pandemic.

LNTL is integral to our sales channel strategy in China, acting as a distributor of our offerings to customers headquartered there, and involved in certain OEM sales to Lenovo. It will also endeavor to localize our products and services, and to develop new joint offerings for the China market by leveraging NetApp and Lenovo technologies.

	April 24, 2020		April 26, 2019
Accrued compensation and benefits	$	322	$	433
Product warranty liabilities		26		25
Operating lease liabilities		51		—
Other current liabilities		375		393
Accrued expenses	$	774	$	851

Equipment and software systems sales include a standard product warranty. The following tables summarize the activity related to product warranty liabilities and their balances as reported in our consolidated balance sheets (in millions):

	Year Ended
	April 24, 2020			April 26, 2019
Balance at beginning of period	$	40		$	40
Expense accrued during the period		26			22
Warranty costs incurred		(25	)		(22	)
Balance at end of period	$	41		$	40

	April 24, 2020		April 26, 2019
Accrued expenses	$	26	$	25
Other long-term liabilities		15		15
Total warranty liabilities	$	41	$	40

Warranty expense accrued during the period includes amounts accrued for systems at the time of shipment, adjustments for changes in estimated costs for warranties on systems shipped in the period and changes in estimated costs for warranties on systems shipped in prior periods.

	April 24, 2020		April 26, 2019
Liability for uncertain tax positions	$	136	$	252
Income taxes payable		399		447
Product warranty liabilities		15		15
Operating lease liabilities		93		—
Other liabilities		71		83
Other long-term liabilities	$	714	$	797

	Year Ended
	April 24, 2020			April 26, 2019			April 27, 2018
Interest income	$	48		$	88		$	79
Interest expense		(55	)		(58	)		(62	)
Other income, net		6			17			24
Other income (expense), net	$	(1	)	$	47		$	41

Non-cash investing and financing activities and supplemental cash flow information are as follows:

	Year Ended
	April 24, 2020		April 26, 2019		April 27, 2018
Non-cash Investing and Financing Activities:
Capital expenditures incurred but not paid	$	15	$	9	$	24
Non-cash extinguishment of sale-leaseback financing obligations	$	—	$	—	$	130
Supplemental Cash Flow Information:
Income taxes paid, net of refunds	$	276	$	205	$	87
Interest paid	$	50	$	53	$	58