7. Balance Sheet Details

Cash and cash equivalents (in millions):


	April 25, 2014		April 26, 2013
Cash	$	2,174.0	$	1,634.7
Cash equivalents		117.0		1,642.4

Cash and cash equivalents	$	2,291.0	$	3,277.1

Inventories (in millions):


	April 25, 2014		April 26, 2013
Purchased components	$	17.6	$	16.3
Finished goods		104.8		123.2

Inventories	$	122.4	$	139.5

Other current assets (in millions):


	April 25, 2014		April 26, 2013
Prepaid expenses and other current assets	$	219.4	$	271.5
Deferred tax assets		270.3		253.7

Other current assets	$	489.7	$	525.2

Property and equipment, net (in millions):


	April 25, 2014			April 26, 2013
Land	$	265.7		$	265.5
Buildings and building improvements		541.7			534.8
Leasehold improvements		102.9			100.3
Computer, production, engineering and other equipment		753.8			714.0
Software		369.1			422.6
Furniture and fixtures		86.4			82.2
Construction-in-progress		72.9			19.9

		2,192.5			2,139.3
Accumulated depreciation and amortization		(1,083.7	)		(968.4	)

Property and equipment, net	$	1,108.8		$	1,170.9

In fiscal 2013, we exercised our options under our three remaining synthetic leasing arrangements to terminate the leases and purchase the related facilities, including land and buildings, for $69.6 million. The purchased facilities had an aggregate fair value of $88.4 million at the dates of the respective purchases. In fiscal 2012, we exercised our option under one of our synthetic leasing arrangements to early terminate the lease and purchase the facilities, including land and buildings, for $80.0 million, which had a fair value of $44.3 million at the date of purchase. We had accounted for these leasing arrangements as operating leases. The difference between the estimated fair value of the facilities and their respective lease obligation had been accrued as additional rent expense in our consolidated statement of operations and as a residual value guarantee obligation in our consolidated balance sheets. The terminations did not result in a material impact to our operating results.

The net book value of software, which includes capitalized internal-use software development costs, is summarized below (in millions):


	April 25, 2014		April 26, 2013
Computer software	$	103.5	$	162.5

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


	Year Ended
	April 25, 2014		April 26, 2013		April 27, 2012
Depreciation and amortization expense	$	275.0	$	258.8	$	204.1

Included in depreciation and amortization expense above is amortization related to computer software, as summarized below (in millions):


	Year Ended
	April 25, 2014		April 26, 2013		April 27, 2012
Computer software amortization expense	$	74.4	$	76.7	$	53.8

Other non-current assets (in millions):


	April 25, 2014		April 26, 2013
Auction rate securities	$	36.0	$	42.0
Deferred tax assets		245.0		200.4
Other assets		248.5		242.2

Other non-current assets	$	529.5	$	484.6

Short-term and long-term deferred revenue (in millions):


	April 25, 2014		April 26, 2013
Product	$	23.4	$	15.7
SEM and service		3,076.8		2,993.8

Total	$	3,100.2	$	3,009.5

Reported as:
Short-term	$	1,653.8	$	1,563.3
Long-term		1,446.4		1,446.2

Total	$	3,100.2	$	3,009.5