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60 Cisco Systems, Inc.
Notes to Consolidated Financial Statements
4. Balance Sheet Details
The following tables provide details of selected balance sheet items (in millions):
July 28, 2007 July 29, 2006
Inventories:
Raw materials $ 173 $ 131
Work in process 45 377
Finished goods:
Distributor inventory and deferred cost of sales 544 423
Manufactured finished goods 314 236
Total finished goods 858 659
Service-related spares 211 170
Demonstration systems 35 34
Total $ 1,322 $ 1,371
Property and equipment, net:
Land, buildings, and leasehold improvements $ 4,022 $ 3,647
Computer equipment and related software 1,605 1,352
Production, engineering, and other equipment 4,264 3,678
Operating lease assets 181 153
Furniture and fixtures 394 363
10,466 9,193
Less accumulated depreciation and amortization (6,573) (5,753)
Total $ 3,893 $ 3,440
Other assets:
Deferred tax assets $ 1,060 $ 983
Investments in privately held companies 643 574
Income tax receivable 277 279
Lease receivables, net 539 464
Other 693 511
Total $ 3,212 $ 2,811
Deferred revenue:
Service $ 4,840 $ 4,088
Product
Unrecognized revenue on product shipments and other deferred revenue 1,769 1,156
Cash receipts related to unrecognized revenue from two-tier distributors 428 405
Total product deferred revenue 2,197 1,561
Total $ 7,037 $ 5,649
Reported as:
Current $ 5,391 $ 4,408
Noncurrent 1,646 1,241
Total $ 7,037 $ 5,649