Table:
| July 27, 2019 | Lease Receivables | Loan Receivables | Financed Service Contracts | Total |
| --- | --- | --- | --- | --- |
| Gross | $2,367 | $5,438 | $2,369 | $10,174 |
| Residual value | 142 | — | — | 142 |
| Unearned income | (137) | — | — | (137) |
| Allowance for credit loss | (46) | (71) | (9) | (126) |
| Total, net  . | $2,326 | $5,367 | $2,360 | $10,053 |
| Reported as: |  |  |  |  |
| Current . | $1,029 | $2,653 | $1,413 | $5,095 |
| Noncurrent | 1,297 | 2,714 | 947 | 4,958 |
| Total, net  . | $2,326 | $5,367 | $2,360 | $10,053 |
Paragraphs:
8. Financing Receivables and Operating Leases
(a) Financing Receivables
Financing receivables primarily consist of lease receivables, loan receivables, and financed service contracts. Lease receivables represent sales-type and direct-financing leases resulting from the sale of Cisco’s and complementary third-party products and are typically collateralized by a security interest in the underlying assets. Lease receivables consist of arrangements with terms of four years on average. Loan receivables represent financing arrangements related to the sale of our hardware, software, and services, which may include additional funding for other costs associated with network installation and integration of our products and services. Loan receivables have terms of three years on average. Financed service contracts include financing receivables related to technical support and advanced services. Revenue related to the technical support services is typically deferred and included in deferred service revenue and is recognized ratably over the period during which the related services are to be performed, which typically ranges from one to three years.
A summary of our financing receivables is presented as follows (in millions):
Question:
What did financing receivables primarily consist of?
Answer: lease receivables, loan receivables, and financed service contracts.