Table ments ASSETS Current assets: Cash and cash equivalents Investments Accounts receivable, net of allowance for doubtful accounts of $143 at July 25, 2020 and $136 at July 27, 2019 Inventories Financing receivables, net Other current assets Total current assets Property and equipment, net Financing receivables, net Goodwill Purchased intangible assets, net Deferred tax assets Other assets TOTAL ASSETS LIABILITIES AND EQUITY Current liabilities: Short-term debt Accounts payable Income taxes payable Accrued compensation Deferred revenue Other current liabilities Total current liabilities Long-term debt Income taxes payable Deferred revenue Other long-term liabilities Total liabilities CISCO SYSTEMS, INC. Consolidated Balance Sheets (in millions, except par value) July 25, 2020 July 27, 2019 11,809 $ 11,750 17,610 21,663 5,472 5,491 1,282 1,383 5,051 5,095 2,349 2,373 43,573 47,755 2,453 2,789 5,714 4,958 33,806 33,529 1,576 2,201 3,990 4,065 3,741 2,496 94,853 S 97,793 3,005 $ 10,191 2,218 2,059 839 1,149 3,122 3,221 11,406 10,668 4,741 4,424 25,331 31,712 11,578 14,475 8,837 8,927 9,040 7,799 2,147 1,309 56,933 64,222 Commitments and contingencies (Note 14) Equity: Cisco shareholders' equity: Preferred stock, no par value: 5 shares authorized; none issued and outstanding Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 4,237 and 4,250 shares issued and outstanding at July 25, 2020 and July 27, 2019, respectively 41,202 40,266 Accumulated deficit (2,763) (5,903) Accumulated other comprehensive loss (519) (792) Total equity TOTAL LIABILITIES AND EQUITY 37,920 33,571 94,853 $ 97,793