Balance Sheet and Other Details (Tables)

12 Months Ended

Jul. 29, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Cash, Cash Equivalents, and Restricted Cash

The following tables provide details of selected balance sheet and other items (in millions):

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

	July 29, 2023		July 30, 2022
Cash and cash equivalents	$	10,123	$	7,079
Restricted cash and restricted cash equivalents included in other current assets	191		—
Restricted cash and restricted cash equivalents included in other assets	1,313		1,500
Total	$	11,627	$	8,579

Cash, Cash Equivalents, and Restricted Cash

The following tables provide details of selected balance sheet and other items (in millions):

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

	July 29, 2023		July 30, 2022
Cash and cash equivalents	$	10,123	$	7,079
Restricted cash and restricted cash equivalents included in other current assets	191		—
Restricted cash and restricted cash equivalents included in other assets	1,313		1,500
Total	$	11,627	$	8,579

Inventories

Inventories

	July 29, 2023		July 30, 2022
Raw materials	$	1,685	$	1,601
Work in process	264		150
Finished goods	1,493		717
Service-related spares	186		90
Demonstration systems	16		10
Total	$	3,644	$	2,568

Property and Equipment, Net

Depreciation and amortization are computed using the straight-line method, generally over the following periods:

Asset Category	Period
Buildings	25 years
Building improvements	10 years
Leasehold improvements	Shorter of remaining lease term or up to 10 years
Computer equipment and related software	30 to 36 months
Production, engineering, and other equipment	Up to 5 years
Operating lease assets	Based on lease term
Furniture and fixtures	5 years

Property and Equipment, Net

	July 29, 2023		July 30, 2022
Gross property and equipment:
Land, buildings, and building and leasehold improvements	$	4,229	$	4,219
Computer equipment and related software	744		779
Production, engineering, and other equipment	4,611		4,647
Operating lease assets	135		185
Furniture, fixtures and other	339		335
Total gross property and equipment	10,058		10,165
Less: accumulated depreciation and amortization	(7,973)		(8,168)
Total	$	2,085	$	1,997

Remaining Performance Obligations

Remaining Performance Obligations (RPO)

	July 29, 2023			July 30, 2022
Product	$	15,802		$	14,090
Service	19,066			17,449
Total	$	34,868		$	31,539
Short-term RPO	$	17,910		$	16,936
Long-term RPO	16,958			14,603
Total	$	34,868		$	31,539
Amount to be recognized as revenue over the next 12 months	51		%	54		%
Deferred revenue	$	25,550		$	23,264
Unbilled contract revenue	9,318			8,275
Total	$	34,868		$	31,539

Deferred Revenue

Deferred Revenue

	July 29, 2023		July 30, 2022
Product	$	11,505	$	10,427
Service	14,045		12,837
Total	$	25,550	$	23,264
Reported as:
Current	$	13,908	$	12,784
Noncurrent	11,642		10,480
Total	$	25,550	$	23,264

Transition Tax Payable

Our income tax payable associated with the one-time U.S. transition tax on accumulated earnings for foreign subsidiaries as a result of the Tax Act is as follows (in millions):

	July 29, 2023		July 30, 2022
Current	$	1,364	$	727
Noncurrent	4,092		5,456
Total	$	5,456	$	6,183