Cisco 2010 Annual Report Download - page 55

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Notes to Consolidated Financial Statements
5. Balance Sheet Details
The following tables provide details of selected balance sheet items (in millions):
July 31, 2010 July 25, 2009
Inventories:
Raw materials $ 217 $ 165
Work in process 50 33
Finished goods:
Distributor inventory and deferred cost of sales 587 382
Manufactured finished goods 260 310
Total finished goods 847 692
Service-related spares 161 151
Demonstration systems 52 33
Total $ 1,327 $ 1,074
Property and equipment, net:
Land, buildings, and building & leasehold improvements $ 4,470 $ 4,618
Computer equipment and related software 1,405 1,823
Production, engineering, and other equipment 4,702 5,075
Operating lease assets 255 227
Furniture and fixtures 476 465
11,308 12,208
Less accumulated depreciation and amortization (7,367) (8,165)
Total $ 3,941 $ 4,043
Other assets:
Deferred tax assets $ 2,079 $ 2,122
Investments in privately held companies 756 709
Lease receivables, net(1) 1,176 966
Financed service contracts, net(1) 763 676
Loan receivables, net(1) 675 537
Other 371 271
Total $ 5,820 $ 5,281
Deferred revenue:
Service $ 7,428 $ 6,496
Product:
Unrecognized revenue on product shipments and other deferred revenue 2,788 2,490
Cash receipts related to unrecognized revenue from two-tier distributors 867 407
Total product deferred revenue 3,655 2,897
Total $ 11,083 $ 9,393
Reported as:
Current $ 7,664 $ 6,438
Noncurrent 3,419 2,955
Total $ 11,083 $ 9,393
(1) Amounts represent the noncurrent portions of the respective balances. See Note 6 for the current portions of the respective balances.
2010 Annual Report 53