Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 27, 2018	Jul. 28, 2018
Current assets:
Cash and cash equivalents	$ 8,410	$ 8,934
Investments	34,183	37,614
Accounts receivable, net of allowance for doubtful accounts of $130 at October 27, 2018 and $129 at July 28, 2018	4,536	5,554
Inventories	1,572	1,846
Financing receivables, net	4,851	4,949
Other current assets	2,134	2,940
Total current assets	55,686	61,837
Property and equipment, net	2,956	3,006
Financing receivables, net	4,644	4,882
Goodwill	33,386	31,706
Purchased intangible assets, net	2,716	2,552
Deferred tax assets	3,960	3,219
Other assets	2,081	1,582
TOTAL ASSETS	105,429	108,784
Current liabilities:
Short-term debt	7,241	5,238
Accounts payable	1,805	1,904
Income taxes payable	1,084	1,004
Accrued compensation	2,622	2,986
Deferred revenue	9,637	11,490
Other current liabilities	4,025	4,413
Total current liabilities	26,414	27,035
Long-term debt	18,323	20,331
Income taxes payable	8,216	8,585
Deferred revenue	7,177	8,195
Other long-term liabilities	1,451	1,434
Total liabilities	61,581	65,580
Commitments and contingencies (Note 13)
Cisco shareholders’ equity:
Preferred stock, no par value: 5 shares authorized; none issued and outstanding	0	0
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 4,517 and 4,614 shares issued and outstanding at October 27, 2018 and July 28, 2018, respectively	41,897	42,820
Retained earnings	3,169	1,233
Accumulated other comprehensive income (loss)	(1,218)	(849)
Total equity	43,848	43,204
TOTAL LIABILITIES AND EQUITY	$ 105,429	$ 108,784