| Balance Sheet Detail |
Balance Sheet Detail | | | | | | | | | | | | | July 26,
2026 | | October 26,
2025 | | | | | | (In millions) | | Inventories | | | | | Customer service spares | $ | 1,866 | | | $ | 1,786 | | | Raw materials | 2,323 | | | 2,007 | | | Work-in-process | 1,191 | | | 914 | | | Finished goods | | | | | Deferred cost of sales | 296 | | | 229 | | | Evaluation inventory | 452 | | | 474 | | | Manufactured on-hand inventory | 436 | | | 505 | | | Total finished goods | 1,184 | | | 1,208 | | | Total inventories | $ | 6,564 | | | $ | 5,915 | |
| | | | | | | | | | | | | July 26,
2026 | | October 26,
2025 | | | | | | (In millions) | | Other Current Assets | | | | | | | | | | | | | Prepaid income taxes and income taxes receivable | $ | 335 | | | $ | 148 | | | Prepaid expenses and other | 1,272 | | | 1,060 | | | $ | 1,607 | | | $ | 1,208 | |
| | | | | | | | | | | | | | | | | | | Useful Life | | July 26,
2026 | | October 26,
2025 | | | | | | | | (In years) | | (In millions) | | Property, Plant and Equipment, Net | | | | | Land and improvements | | | $ | 573 | | | $ | 558 | | | Buildings and improvements | 3-30 | | 3,182 | | | 2,930 | | | Demonstration and manufacturing equipment | 5-8 | | 3,040 | | | 2,708 | | | Furniture, fixtures and other equipment | 3-5 | | 960 | | | 855 | | | Construction in progress | | | 2,036 | | | 1,460 | | | Gross property, plant and equipment | | | 9,791 | | | 8,511 | | | Accumulated depreciation | | | (4,185) | | | (3,901) | | | | | $ | 5,606 | | | $ | 4,610 | |
| | | | | | | | | | | | | July 26,
2026 | | October 26,
2025 | | | | | | (In millions) | | Deferred Income Taxes and Other Assets | | | | | Non-current deferred income taxes | $ | 1,105 | | | $ | 1,233 | | | Operating lease right-of-use assets | 815 | | | 509 | | | | | | | Income tax receivables and other assets | 1,445 | | | 806 | | | $ | 3,365 | | | $ | 2,548 | |
| | | | | | | | | | | | | July 26,
2026 | | October 26,
2025 | | | | | | (In millions) | | Accounts Payable and Accrued Expenses | | | | | Accounts payable | $ | 2,387 | | | $ | 1,978 | | | | | | | Compensation and employee benefits | 1,302 | | | 1,221 | | | | | | | Warranty | 348 | | | 346 | | | Dividends payable | 421 | | | 365 | | | Income taxes payable | 317 | | | 380 | | | | | | | | | | | | | | | | | | | Operating lease liabilities, current | 120 | | | 91 | | | Restructuring reserve | 12 | | | 165 | | | | | | | Other | 880 | | | 787 | | | $ | 5,787 | | | $ | 5,333 | |
| | | | | | | | | | | | | July 26,
2026 | | October 26,
2025 | | | | | | (In millions) | | Other Liabilities | | | | | | | | | | | | | Defined and postretirement benefit plans | $ | 146 | | | $ | 151 | | | Operating lease liabilities, non-current | 682 | | | 404 | | | | | | | Other | 586 | | | 519 | | | $ | 1,414 | | | $ | 1,074 | |
Government Assistance Capital expenditure related incentives reduced gross property, plant and equipment by $1.8 billion as of July 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 July 26, 2026, we have recorded $1.2 billion of investment tax credits, of which $41 million was recorded in other current assets and will offset fiscal 2026 income tax liabilities, and $1.2 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 nine months ended July 26, 2026 and July 27, 2025.
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