Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name CISCO SYSTEMS, INC.
CIK 0000858877
Accession number 0000858877-14-000029
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/858877/000085887714000029/csco-20140726.xml
Fiscal year end --07-26
Fiscal year focus 2014
Fiscal period focus FY
Current balance sheet date 2014-07-26
Current year-to-date income statement start date 2013-07-28
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The following table presents the breakdown between current and noncurrent net deferred tax assets (in millions):
 
July 26, 2014
 
July 27, 2013
Deferred tax assets—current
$
2,808

 
$
2,616

Deferred tax liabilities—current
(134
)
 
(114
)
Deferred tax assets—noncurrent
1,700

 
1,539

Deferred tax liabilities—noncurrent
(369
)
 
(399
)
Total net deferred tax assets
$
4,005

 
$
3,642


The components of the deferred tax assets and liabilities are as follows (in millions):
 
July 26, 2014
 
July 27, 2013
ASSETS
 
 
 
Allowance for doubtful accounts and returns
$
464

 
$
390

Sales-type and direct-financing leases
231

 
167

Inventory write-downs and capitalization
307

 
216

Investment provisions
212

 
214

IPR&D, goodwill, and purchased intangible assets
135

 
123

Deferred revenue
1,689

 
1,624

Credits and net operating loss carryforwards
796

 
681

Share-based compensation expense
661

 
783

Accrued compensation
496

 
486

Other
676

 
560

Gross deferred tax assets
5,667

 
5,244

Valuation allowance
(114
)
 
(98
)
Total deferred tax assets
5,553

 
5,146

LIABILITIES
 
 
 
Purchased intangible assets
(1,229
)
 
(1,101
)
Depreciation
(48
)
 
(169
)
Unrealized gains on investments
(245
)
 
(211
)
Other
(26
)
 
(23
)
Total deferred tax liabilities
(1,548
)
 
(1,504
)
Total net deferred tax assets
$
4,005

 
$
3,642

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 5,667,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -114,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 5,553,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -1,548,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 4,005,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 2,808,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 1,700,000,000 us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current -134,000,000 us-gaap:DeferredTaxLiabilitiesCurrent
Deferred tax liabilities, net, noncurrent -369,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 4,005,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 5,553,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -1,548,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 4,005,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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