7. Balance Sheet Details

Cash and cash equivalents (in millions):

	April 24, 2015		April 25, 2014
Cash	$	1,666.3	$	2,174.0
Cash equivalents		255.2		117.0
Cash and cash equivalents	$	1,921.5	$	2,291.0

Inventories (in millions):

	April 24, 2015		April 25, 2014
Purchased components	$	36.2	$	17.6
Finished goods		110.3		104.8
Inventories	$	146.5	$	122.4

Other current assets (in millions):

	April 24, 2015		April 25, 2014
Prepaid expenses and other current assets	$	268.3	$	219.4
Deferred tax assets		253.5		270.3
Other current assets	$	521.8	$	489.7

Property and equipment, net (in millions):

	April 24, 2015			April 25, 2014
Land	$	265.5		$	265.7
Buildings and improvements		607.0			541.7
Leasehold improvements		106.6			102.9
Computer, production, engineering and other equipment		753.7			753.8
Computer software		371.9			369.1
Furniture and fixtures		85.4			86.4
Construction-in-progress		33.0			72.9
		2,223.1			2,192.5
Accumulated depreciation and amortization		(1,193.2	)		(1,083.7	)
Property and equipment, net	$	1,029.9		$	1,108.8

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

April 24,

2015

April 25,

2014

Computer software

58.5

103.5

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

Year Ended

April 24,

2015

April 25,

2014

April 26,

2013

Depreciation and amortization expense

243.5

275.0

258.8

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

Year Ended

April 24,

2015

April 25,

2014

April 26,

2013

Computer software amortization expense

84.6

74.4

76.7

Other non-current assets (in millions):

	April 24, 2015		April 25, 2014
Auction rate securities	$	—	$	36.0
Deferred tax assets		255.9		245.0
Other assets		225.1		243.1
Other non-current assets	$	481.0	$	524.1

Accrued expenses (in millions):

	April 24, 2015		April 25, 2014
Accrued compensation and benefits	$	358.8	$	407.8
Product warranty liability		57.8		73.0
Other current liabilities		284.8		313.0
Accrued expenses	$	701.4	$	793.8

Product warranty liabilities:

Equipment and software systems sales include a standard product warranty. The following tables summarize the activity related to product warranty liabilities and their balances as reported in our consolidated balance sheets (in millions):

	Year Ended
	April 24, 2015			April 25, 2014
Balance at beginning of year	$	110.0		$	117.2
Expense accrued during the year		35.2			70.2
Warranty costs incurred		(59.5	)		(77.4	)
Balance at end of year	$	85.7		$	110.0

	April 24, 2015		April 25, 2014
Accrued expenses	$	57.8	$	73.0
Other long-term liabilities		27.9		37.0
Total warranty liabilities	$	85.7	$	110.0

Warranty expense accrued during the period includes amounts accrued for systems at the time of shipment, adjustments for changes in estimated costs for warranties on systems shipped in the period and changes in estimated costs for warranties on systems shipped in prior periods.

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

	April 24, 2015		April 25, 2014
Product	$	17.4	$	23.4
Services		3,179.8		3,076.8
Total	$	3,197.2	$	3,100.2

Reported as:
Short-term	$	1,724.2	$	1,653.8
Long-term		1,473.0		1,446.4
Total	$	3,197.2	$	3,100.2