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6. Balance Sheet Details
The following tables provide details of selected balance sheet items (in millions):
July 26, 2014 July 27, 2013
Inventories:
Raw materials ................................................................ $77 $ 105
Work in process ............................................................... 524
Finished goods:
Distributor inventory and deferred cost of sales .................................. 595 572
Manufactured finished goods ................................................ 606 480
Total finished goods ....................................................... 1,201 1,052
Service-related spares .......................................................... 273 256
Demonstration systems ......................................................... 35 39
Total ................................................................ $ 1,591 $ 1,476
Property and equipment, net:
Land, buildings, and building and leasehold improvements ............................. $ 4,468 $ 4,426
Computer equipment and related software .......................................... 1,425 1,416
Production, engineering, and other equipment ....................................... 5,756 5,721
Operating lease assets .......................................................... 362 326
Furniture and fixtures .......................................................... 509 497
12,520 12,386
Less accumulated depreciation and amortization ..................................... (9,268) (9,064)
Total ................................................................ $ 3,252 $ 3,322
Other assets:
Deferred tax assets ............................................................. $ 1,700 $ 1,539
Investments in privately held companies ............................................ 899 833
Other ....................................................................... 732 743
Total ................................................................ $ 3,331 $ 3,115
Deferred revenue:
Service ...................................................................... $ 9,640 $ 9,403
Product:
Unrecognized revenue on product shipments and other deferred revenue .............. 3,924 3,340
Cash receipts related to unrecognized revenue from two-tier distributors .............. 578 680
Total product deferred revenue ............................................... 4,502 4,020
Total ................................................................ $14,142 $13,423
Reported as:
Current ...................................................................... $ 9,478 $ 9,262
Noncurrent ................................................................... 4,664 4,161
Total ................................................................ $14,142 $13,423
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