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6. Balance Sheet Details
The following tables provide details of selected balance sheet items (in millions):
July 27, 2013 July 28, 2012
Inventories:
Raw materials ................................................................ $ 105 $ 127
Work in process ............................................................... 24 35
Finished goods:
Distributor inventory and deferred cost of sales .................................. 572 630
Manufactured finished goods ................................................ 480 597
Total finished goods ....................................................... 1,052 1,227
Service-related spares .......................................................... 256 213
Demonstration systems ......................................................... 39 61
Total ................................................................ $ 1,476 $ 1,663
Property and equipment, net:
Land, buildings, and building and leasehold improvements ............................. $ 4,426 $ 4,363
Computer equipment and related software .......................................... 1,416 1,469
Production, engineering, and other equipment ....................................... 5,721 5,364
Operating lease assets (1) ........................................................ 326 300
Furniture and fixtures .......................................................... 497 487
12,386 11,983
Less accumulated depreciation and amortization (1) ................................... (9,064) (8,581)
Total ................................................................ $ 3,322 $ 3,402
(1) Accumulated depreciation related to operating lease assets was $203 and $181 as of July 27, 2013 and July 28, 2012, respectively.
Other assets:
Deferred tax assets ............................................................. $ 1,539 $ 2,270
Investments in privately held companies ............................................ 833 858
Other ....................................................................... 743 754
Total ................................................................ $ 3,115 $ 3,882
Deferred revenue:
Service ...................................................................... $ 9,403 $ 9,173
Product:
Unrecognized revenue on product shipments and other deferred revenue .............. 3,340 2,975
Cash receipts related to unrecognized revenue from two-tier distributors .............. 680 732
Total product deferred revenue ............................................... 4,020 3,707
Total ................................................................ $13,423 $12,880
Reported as:
Current ...................................................................... $ 9,262 $ 8,852
Noncurrent ................................................................... 4,161 4,028
Total ................................................................ $13,423 $12,880
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