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


	April 25, 2026		July 26, 2025
Cash and cash equivalents	$	7,083	$	8,346
Restricted cash and restricted cash equivalents included in other current assets	—		564
Total	$	7,083	$	8,910

In the table above, our restricted cash and restricted cash equivalents are funds primarily related to contractual obligations with suppliers.


	April 25, 2026		July 26, 2025
Raw materials	$	2,546	$	1,744
Work in process	826		261
Finished goods	1,107		933
Service-related spares	222		220
Demonstration systems	7		6
Total	$	4,708	$	3,164


	April 25, 2026		July 26, 2025
Gross property and equipment:
Land, buildings, and building and leasehold improvements	$	4,132	$	4,045
Production, engineering, computer and other equipment and related software	5,366		5,178
Operating lease assets	56		51
Furniture, fixtures and other	304		316
Total gross property and equipment	9,858		9,590
Less: accumulated depreciation and amortization	(7,281)		(7,477)
Total	$	2,577	$	2,113


	April 25, 2026			July 26, 2025
Product	$	22,058		$	21,572
Services	21,404			21,961
Total	$	43,462		$	43,533

Short-term RPO	$	21,818		$	21,723
Long-term RPO	21,644			21,810
Total	$	43,462		$	43,533

Amount to be recognized as revenue over the next 12 months	50		%	50		%

Deferred revenue	$	28,599		$	28,779
Unbilled contract revenue	14,863			14,754
Total	$	43,462		$	43,533

Unbilled contract revenue represents noncancelable contracts for which we have not invoiced, have an obligation to perform, and revenue has not yet been recognized in the financial statements.


	April 25, 2026		July 26, 2025
Product	$	13,461	$	13,490
Services	15,138		15,289
Total	$	28,599	$	28,779
Reported as:
Current	$	16,446	$	16,416
Noncurrent	12,153		12,363
Total	$	28,599	$	28,779