| Balance Sheet Detail |
Balance Sheet Detail | | | | | | | | | | | | | April 26,
2026 | | October 26,
2025 | | | | | | | (In millions) | | Inventories | | | | | Customer service spares | $ | 1,831 | | | $ | 1,786 | | | Raw materials | 2,126 | | | 2,007 | | | Work-in-process | 1,109 | | | 914 | | | Finished goods | | | | | Deferred cost of sales | 288 | | | 229 | | | Evaluation inventory | 450 | | | 474 | | | Manufactured on-hand inventory | 539 | | | 505 | | | Total finished goods | 1,277 | | | 1,208 | | | Total inventories | $ | 6,343 | | | $ | 5,915 | |
| | | | | | | | | | | | | April 26,
2026 | | October 26,
2025 | | | | | | | (In millions) | | Other Current Assets | | | | | | | | | | | | | Prepaid income taxes and income taxes receivable | $ | 439 | | | $ | 148 | | | Prepaid expenses and other | 1,176 | | | 1,060 | | | $ | 1,615 | | | $ | 1,208 | |
| | | | | | | | | | | | | | | | | | | Useful Life | | April 26,
2026 | | October 26,
2025 | | | | | | | | | (In years) | | (In millions) | | Property, Plant and Equipment, Net | | | | | Land and improvements | | | $ | 559 | | | $ | 558 | | | Buildings and improvements | 3-30 | | 3,137 | | | 2,930 | | | Demonstration and manufacturing equipment | 5-8 | | 2,858 | | | 2,708 | | | Furniture, fixtures and other equipment | 3-5 | | 931 | | | 855 | | | Construction in progress | | | 1,860 | | | 1,460 | | | Gross property, plant and equipment | | | 9,345 | | | 8,511 | | | Accumulated depreciation | | | (4,090) | | | (3,901) | | | | | $ | 5,255 | | | $ | 4,610 | |
| | | | | | | | | | | | | April 26,
2026 | | October 26,
2025 | | | | | | | (In millions) | | Deferred Income Taxes and Other Assets | | | | | Non-current deferred income taxes | $ | 1,047 | | | $ | 1,233 | | | Operating lease right-of-use assets | 820 | | | 509 | | | | | | | Income tax receivables and other assets | 1,297 | | | 806 | | | $ | 3,164 | | | $ | 2,548 | |
| | | | | | | | | | | | | April 26,
2026 | | October 26,
2025 | | | | | | | (In millions) | | Accounts Payable and Accrued Expenses | | | | | Accounts payable | $ | 2,197 | | | $ | 1,978 | | | | | | | Compensation and employee benefits | 966 | | | 1,221 | | | | | | | Warranty | 326 | | | 346 | | | Dividends payable | 421 | | | 365 | | | Income taxes payable | 357 | | | 380 | | | | | | | | | | | | | | | | | | | Operating lease liabilities, current | 114 | | | 91 | | | Restructuring reserve | 23 | | | 165 | | | | | | | Other | 825 | | | 787 | | | $ | 5,229 | | | $ | 5,333 | |
| | | | | | | | | | | | | April 26,
2026 | | October 26,
2025 | | | | | | | (In millions) | | Other Liabilities | | | | | | | | | | | | | Defined and postretirement benefit plans | $ | 148 | | | $ | 151 | | | Operating lease liabilities, non-current | 699 | | | 404 | | | | | | | Other | 572 | | | 519 | | | $ | 1,419 | | | $ | 1,074 | |
Government Assistance Capital expenditure related incentives reduced gross property, plant and equipment by $1.6 billion as of April 26, 2026. To the extent the capital expenditure related incentives exceed our applicable income tax liabilities, we are eligible to receive a refund in cash. In our Consolidated Condensed Balance Sheets as of April 26, 2026, we have recorded $1.1 billion of investment tax credits, of which $63 million was recorded in other current assets and will offset fiscal 2026 income tax liabilities, and $1.0 billion was recorded in deferred income taxes and other assets and is expected to be refunded. Contra depreciation expense and operating incentives recorded as a reduction to expense were not material for the three and six months ended April 26, 2026 and April 27, 2025.
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