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



	October 27, 2012			July 28, 2012
Inventories:
Raw materials	$	101		$	127
Work in process	36			35
Finished goods:
Distributor inventory and deferred cost of sales	671			630
Manufactured finished goods	615			597
Total finished goods	1,286			1,227
Service-related spares	237			213
Demonstration systems	49			61

Total	$	1,709		$	1,663

Property and equipment, net:
Land, buildings, and building and leasehold improvements	$	4,458		$	4,363
Computer equipment and related software	1,491			1,469
Production, engineering, and other equipment	5,495			5,364
Operating lease assets ⁽¹⁾	312			300
Furniture and fixtures	494			487
	12,250			11,983
Less accumulated depreciation and amortization ⁽¹⁾	(8,841		)	(8,581		)
Total	$	3,409		$	3,402

⁽¹⁾ Accumulated depreciation related to operating lease assets was $192 and $181 as of October 27, 2012 and July 28, 2012, respectively.

Other assets:
Deferred tax assets	$	2,061		$	2,270
Investments in privately held companies	830			858
Other	849			754
Total	$	3,740		$	3,882

Deferred revenue:
Service	$	8,753		$	9,173
Product:
Unrecognized revenue on product shipments and other deferred revenue	3,074			2,975
Cash receipts related to unrecognized revenue from two-tier distributors	796			732
Total product deferred revenue	3,870			3,707
Total	$	12,623		$	12,880
Reported as:
Current	$	8,721		$	8,852
Noncurrent	3,902			4,028
Total	$	12,623		$	12,880