CISCO SYSTEMS, INC. | 2013 | FY | 3


Balance Sheet Details
The following tables provide details of selected balance sheet items (in millions):
 
 
July 27, 2013
 
July 28, 2012
Inventories:
 
 
 
 
Raw materials
 
$
105

 
$
127

Work in process
 
24

 
35

Finished goods:
 
 
 
 
Distributor inventory and deferred cost of sales
 
572

 
630

Manufactured finished goods
 
480

 
597

Total finished goods
 
1,052

 
1,227

Service-related spares
 
256

 
213

Demonstration systems
 
39

 
61

Total
 
$
1,476

 
$
1,663


Property and equipment, net:
 
 
 
 
Land, buildings, and building and leasehold improvements
 
$
4,426

 
$
4,363

Computer equipment and related software
 
1,416

 
1,469

Production, engineering, and other equipment
 
5,721

 
5,364

Operating lease assets (1)
 
326

 
300

Furniture and fixtures
 
497

 
487

 
 
12,386

 
11,983

Less accumulated depreciation and amortization (1)
 
(9,064
)
 
(8,581
)
Total
 
$
3,322

 
$
3,402

(1)      Accumulated depreciation related to operating lease assets was $203 and $181 as of July 27, 2013 and July 28, 2012, respectively.

 
Other assets:
 
 
 
 
Deferred tax assets
 
$
1,539

 
$
2,270

Investments in privately held companies
 
833

 
858

Other
 
743

 
754

Total
 
$
3,115

 
$
3,882

Deferred revenue:
 
 
 
 
Service
 
$
9,403

 
$
9,173

Product:
 

 
 
Unrecognized revenue on product shipments and other deferred revenue
 
3,340

 
2,975

Cash receipts related to unrecognized revenue from two-tier distributors
 
680

 
732

Total product deferred revenue
 
4,020

 
3,707

Total
 
$
13,423

 
$
12,880

Reported as:
 

 
 
Current
 
$
9,262

 
$
8,852

Noncurrent
 
4,161

 
4,028

Total
 
$
13,423

 
$
12,880


us-gaap:ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock