falseQ1202200008588777/300P1Yhttp://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrenthttp://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrenthttp://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrenthttp://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrenthttp://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrenthttp://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent00008588772021-08-012021-10-30xbrli:shares00008588772021-11-18iso4217:USD00008588772021-10-3000008588772021-07-31iso4217:USDxbrli:shares0000858877us-gaap:ProductMember2021-08-012021-10-300000858877us-gaap:ProductMember2020-07-262020-10-240000858877us-gaap:ServiceMember2021-08-012021-10-300000858877us-gaap:ServiceMember2020-07-262020-10-2400008588772020-07-262020-10-2400008588772020-07-2500008588772020-10-240000858877us-gaap:CommonStockMember2021-07-310000858877us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-07-310000858877us-gaap:RetainedEarningsMember2021-07-310000858877us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-07-310000858877us-gaap:RetainedEarningsMember2021-08-012021-10-300000858877us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-08-012021-10-300000858877us-gaap:CommonStockMember2021-08-012021-10-300000858877us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-08-012021-10-300000858877us-gaap:CommonStockMember2021-10-300000858877us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-10-300000858877us-gaap:RetainedEarningsMember2021-10-300000858877us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-10-300000858877us-gaap:CommonStockMember2020-07-250000858877us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-07-250000858877us-gaap:RetainedEarningsMember2020-07-250000858877us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-250000858877us-gaap:RetainedEarningsMember2020-07-262020-10-240000858877us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-262020-10-240000858877us-gaap:CommonStockMember2020-07-262020-10-240000858877us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-07-262020-10-240000858877us-gaap:RetainedEarningsMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-07-250000858877srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-07-250000858877us-gaap:CommonStockMember2020-10-240000858877us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-10-240000858877us-gaap:RetainedEarningsMember2020-10-240000858877us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-10-24csco:segment0000858877csco:SecureAgileNetworksMember2021-08-012021-10-300000858877csco:SecureAgileNetworksMember2020-07-262020-10-240000858877csco:HybridWorkMember2021-08-012021-10-300000858877csco:HybridWorkMember2020-07-262020-10-240000858877csco:EndToEndSecurityMember2021-08-012021-10-300000858877csco:EndToEndSecurityMember2020-07-262020-10-240000858877csco:InternetForTheFutureMember2021-08-012021-10-300000858877csco:InternetForTheFutureMember2020-07-262020-10-240000858877csco:OptimizedApplicationExperiencesMember2021-08-012021-10-300000858877csco:OptimizedApplicationExperiencesMember2020-07-262020-10-240000858877csco:OtherProductsMember2021-08-012021-10-300000858877csco:OtherProductsMember2020-07-262020-10-240000858877csco:SoftwareAndServiceAgreementsMember2021-07-310000858877csco:SoftwareAndServiceAgreementsMember2021-10-300000858877csco:OneToFourInternalGradeMember2021-10-300000858877csco:OneToFourInternalGradeMember2021-07-310000858877csco:FiveToSixInternalGradeMember2021-10-300000858877csco:FiveToSixInternalGradeMember2021-07-310000858877csco:SevenAndHigherInternalGradeMember2021-10-300000858877csco:SevenAndHigherInternalGradeMember2021-07-31csco:acquisition0000858877us-gaap:GeneralAndAdministrativeExpenseMember2021-08-012021-10-300000858877us-gaap:GeneralAndAdministrativeExpenseMember2020-07-262020-10-240000858877csco:AmericasSegmentMember2021-07-310000858877csco:AmericasSegmentMember2021-08-012021-10-300000858877csco:AmericasSegmentMember2021-10-300000858877csco:EuropeMiddleEastAndAfricaSegmentMember2021-07-310000858877csco:EuropeMiddleEastAndAfricaSegmentMember2021-08-012021-10-300000858877csco:EuropeMiddleEastAndAfricaSegmentMember2021-10-300000858877csco:AsiaPacificJapanAndChinaSegmentMember2021-07-310000858877csco:AsiaPacificJapanAndChinaSegmentMember2021-08-012021-10-300000858877csco:AsiaPacificJapanAndChinaSegmentMember2021-10-300000858877us-gaap:TechnologyBasedIntangibleAssetsMember2021-08-012021-10-300000858877us-gaap:CustomerRelationshipsMember2021-08-012021-10-300000858877us-gaap:OtherIntangibleAssetsMember2021-08-012021-10-300000858877us-gaap:InProcessResearchAndDevelopmentMember2021-08-012021-10-300000858877us-gaap:TechnologyBasedIntangibleAssetsMember2021-10-300000858877us-gaap:CustomerRelationshipsMember2021-10-300000858877us-gaap:OtherIntangibleAssetsMember2021-10-300000858877us-gaap:TechnologyBasedIntangibleAssetsMember2021-07-310000858877us-gaap:CustomerRelationshipsMember2021-07-310000858877us-gaap:OtherIntangibleAssetsMember2021-07-310000858877us-gaap:CostOfSalesMember2021-08-012021-10-300000858877us-gaap:CostOfSalesMember2020-07-262020-10-240000858877us-gaap:OperatingExpenseMember2021-08-012021-10-300000858877us-gaap:OperatingExpenseMember2020-07-262020-10-240000858877csco:CostofSalesandOperatingExpensesMember2021-08-012021-10-300000858877csco:CostofSalesandOperatingExpensesMember2020-07-262020-10-240000858877csco:Fiscal2021PlanMember2021-10-300000858877csco:Fiscal2020PlanMember2021-10-300000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:EmployeeSeveranceMember2021-07-310000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:OtherRestructuringMember2021-07-310000858877csco:Fiscal2021PlanMemberus-gaap:EmployeeSeveranceMember2021-07-310000858877csco:Fiscal2021PlanMemberus-gaap:OtherRestructuringMember2021-07-310000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:EmployeeSeveranceMember2021-08-012021-10-300000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:OtherRestructuringMember2021-08-012021-10-300000858877csco:Fiscal2021PlanMemberus-gaap:EmployeeSeveranceMember2021-08-012021-10-300000858877csco:Fiscal2021PlanMemberus-gaap:OtherRestructuringMember2021-08-012021-10-300000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:EmployeeSeveranceMember2021-10-300000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:OtherRestructuringMember2021-10-300000858877csco:Fiscal2021PlanMemberus-gaap:EmployeeSeveranceMember2021-10-300000858877csco:Fiscal2021PlanMemberus-gaap:OtherRestructuringMember2021-10-300000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:EmployeeSeveranceMember2020-07-250000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:OtherRestructuringMember2020-07-250000858877csco:Fiscal2021PlanMemberus-gaap:EmployeeSeveranceMember2020-07-250000858877csco:Fiscal2021PlanMemberus-gaap:OtherRestructuringMember2020-07-250000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:EmployeeSeveranceMember2020-07-262020-10-240000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:OtherRestructuringMember2020-07-262020-10-240000858877csco:Fiscal2021PlanMemberus-gaap:EmployeeSeveranceMember2020-07-262020-10-240000858877csco:Fiscal2021PlanMemberus-gaap:OtherRestructuringMember2020-07-262020-10-240000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:EmployeeSeveranceMember2020-10-240000858877csco:Fiscal2020PlanAndPriorPlansMemberus-gaap:OtherRestructuringMember2020-10-240000858877csco:Fiscal2021PlanMemberus-gaap:EmployeeSeveranceMember2020-10-240000858877csco:Fiscal2021PlanMemberus-gaap:OtherRestructuringMember2020-10-240000858877us-gaap:LandBuildingsAndImprovementsMember2021-10-300000858877us-gaap:LandBuildingsAndImprovementsMember2021-07-310000858877csco:ComputerEquipmentAndRelatedSoftwareMember2021-10-300000858877csco:ComputerEquipmentAndRelatedSoftwareMember2021-07-310000858877us-gaap:EquipmentMember2021-10-300000858877us-gaap:EquipmentMember2021-07-310000858877us-gaap:FurnitureAndFixturesMember2021-10-300000858877us-gaap:FurnitureAndFixturesMember2021-07-310000858877us-gaap:ProductMember2021-10-300000858877us-gaap:ProductMember2021-07-310000858877us-gaap:ServiceMember2021-10-300000858877us-gaap:ServiceMember2021-07-3100008588772021-10-312021-10-3000008588772021-08-012021-07-3100008588772022-10-302021-10-3000008588772022-07-312021-07-310000858877us-gaap:UnbilledRevenuesMember2021-10-30xbrli:pure0000858877us-gaap:UnbilledRevenuesMember2021-07-310000858877srt:MinimumMember2021-08-012021-10-300000858877srt:MaximumMember2021-08-012021-10-300000858877us-gaap:FinanceReceivablesMember2021-10-300000858877us-gaap:LoansReceivableMember2021-10-300000858877csco:FinancedServiceContractsMember2021-10-300000858877us-gaap:FinanceReceivablesMember2021-07-310000858877us-gaap:LoansReceivableMember2021-07-310000858877csco:FinancedServiceContractsMember2021-07-310000858877us-gaap:FinanceReceivablesMembercsco:OneToFourInternalGradeMember2021-10-300000858877us-gaap:FinanceReceivablesMembercsco:FiveToSixInternalGradeMember2021-10-300000858877us-gaap:FinanceReceivablesMembercsco:SevenAndHigherInternalGradeMember2021-10-300000858877us-gaap:LoansReceivableMembercsco:OneToFourInternalGradeMember2021-10-300000858877csco:FiveToSixInternalGradeMemberus-gaap:LoansReceivableMember2021-10-300000858877us-gaap:LoansReceivableMembercsco:SevenAndHigherInternalGradeMember2021-10-300000858877csco:FinancedServiceContractsMembercsco:OneToFourInternalGradeMember2021-10-300000858877csco:FinancedServiceContractsMembercsco:FiveToSixInternalGradeMember2021-10-300000858877csco:FinancedServiceContractsMembercsco:SevenAndHigherInternalGradeMember2021-10-300000858877us-gaap:FinanceReceivablesMembercsco:OneToFourInternalGradeMember2021-07-310000858877us-gaap:FinanceReceivablesMembercsco:FiveToSixInternalGradeMember2021-07-310000858877us-gaap:FinanceReceivablesMembercsco:SevenAndHigherInternalGradeMember2021-07-310000858877us-gaap:LoansReceivableMembercsco:OneToFourInternalGradeMember2021-07-310000858877csco:FiveToSixInternalGradeMemberus-gaap:LoansReceivableMember2021-07-310000858877us-gaap:LoansReceivableMembercsco:SevenAndHigherInternalGradeMember2021-07-310000858877csco:FinancedServiceContractsMembercsco:OneToFourInternalGradeMember2021-07-310000858877csco:FinancedServiceContractsMembercsco:FiveToSixInternalGradeMember2021-07-310000858877csco:FinancedServiceContractsMembercsco:SevenAndHigherInternalGradeMember2021-07-310000858877us-gaap:FinanceReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-10-300000858877us-gaap:FinanceReceivablesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-10-300000858877us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinanceReceivablesMember2021-10-300000858877us-gaap:FinancialAssetPastDueMemberus-gaap:FinanceReceivablesMember2021-10-300000858877us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinanceReceivablesMember2021-10-300000858877us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:LoansReceivableMember2021-10-300000858877us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:LoansReceivableMember2021-10-300000858877us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:LoansReceivableMember2021-10-300000858877us-gaap:FinancialAssetPastDueMemberus-gaap:LoansReceivableMember2021-10-300000858877us-gaap:FinancialAssetNotPastDueMemberus-gaap:LoansReceivableMember2021-10-300000858877csco:FinancedServiceContractsMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-10-300000858877csco:FinancedServiceContractsMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-10-300000858877csco:FinancedServiceContractsMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-10-300000858877csco:FinancedServiceContractsMemberus-gaap:FinancialAssetPastDueMember2021-10-300000858877csco:FinancedServiceContractsMemberus-gaap:FinancialAssetNotPastDueMember2021-10-300000858877us-gaap:FinancingReceivables30To59DaysPastDueMember2021-10-300000858877us-gaap:FinancingReceivables60To89DaysPastDueMember2021-10-300000858877us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-10-300000858877us-gaap:FinancialAssetPastDueMember2021-10-300000858877us-gaap:FinancialAssetNotPastDueMember2021-10-300000858877us-gaap:FinanceReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-07-310000858877us-gaap:FinanceReceivablesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-07-310000858877us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinanceReceivablesMember2021-07-310000858877us-gaap:FinancialAssetPastDueMemberus-gaap:FinanceReceivablesMember2021-07-310000858877us-gaap:FinancialAssetNotPastDueMemberus-gaap:FinanceReceivablesMember2021-07-310000858877us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:LoansReceivableMember2021-07-310000858877us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:LoansReceivableMember2021-07-310000858877us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:LoansReceivableMember2021-07-310000858877us-gaap:FinancialAssetPastDueMemberus-gaap:LoansReceivableMember2021-07-310000858877us-gaap:FinancialAssetNotPastDueMemberus-gaap:LoansReceivableMember2021-07-310000858877csco:FinancedServiceContractsMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-07-310000858877csco:FinancedServiceContractsMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-07-310000858877csco:FinancedServiceContractsMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-07-310000858877csco:FinancedServiceContractsMemberus-gaap:FinancialAssetPastDueMember2021-07-310000858877csco:FinancedServiceContractsMemberus-gaap:FinancialAssetNotPastDueMember2021-07-310000858877us-gaap:FinancingReceivables30To59DaysPastDueMember2021-07-310000858877us-gaap:FinancingReceivables60To89DaysPastDueMember2021-07-310000858877us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-07-310000858877us-gaap:FinancialAssetPastDueMember2021-07-310000858877us-gaap:FinancialAssetNotPastDueMember2021-07-310000858877us-gaap:FinanceReceivablesMember2021-08-012021-10-300000858877us-gaap:LoansReceivableMember2021-08-012021-10-300000858877csco:FinancedServiceContractsMember2021-08-012021-10-300000858877us-gaap:FinanceReceivablesMember2020-07-250000858877us-gaap:LoansReceivableMember2020-07-250000858877csco:FinancedServiceContractsMember2020-07-250000858877us-gaap:FinanceReceivablesMember2020-07-262020-10-240000858877us-gaap:LoansReceivableMember2020-07-262020-10-240000858877csco:FinancedServiceContractsMember2020-07-262020-10-240000858877us-gaap:FinanceReceivablesMember2020-10-240000858877us-gaap:LoansReceivableMember2020-10-240000858877csco:FinancedServiceContractsMember2020-10-240000858877us-gaap:USTreasuryAndGovernmentMember2021-10-300000858877us-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-10-300000858877us-gaap:CorporateDebtSecuritiesMember2021-10-300000858877us-gaap:AssetBackedSecuritiesMember2021-10-300000858877us-gaap:CommercialPaperMember2021-10-300000858877us-gaap:CertificatesOfDepositMember2021-10-300000858877us-gaap:USTreasuryAndGovernmentMember2021-07-310000858877us-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-07-310000858877us-gaap:ForeignGovernmentDebtSecuritiesMember2021-07-310000858877us-gaap:CorporateDebtSecuritiesMember2021-07-310000858877us-gaap:AssetBackedSecuritiesMember2021-07-310000858877us-gaap:CommercialPaperMember2021-07-310000858877us-gaap:CertificatesOfDepositMember2021-07-310000858877us-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-10-300000858877us-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-07-310000858877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2021-10-300000858877us-gaap:MoneyMarketFundsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:MoneyMarketFundsMemberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:MoneyMarketFundsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-07-310000858877us-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:MoneyMarketFundsMemberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialPaperMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialPaperMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialPaperMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialPaperMemberus-gaap:FairValueInputsLevel1Member2021-07-310000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialPaperMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialPaperMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CertificatesOfDepositMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CertificatesOfDepositMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CertificatesOfDepositMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CertificatesOfDepositMemberus-gaap:FairValueInputsLevel1Member2021-07-310000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CertificatesOfDepositMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CertificatesOfDepositMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USTreasuryAndGovernmentMember2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USTreasuryAndGovernmentMember2021-07-310000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2021-07-310000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-07-310000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2021-07-310000858877us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-07-310000858877us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-07-310000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2021-07-310000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel1Member2021-07-310000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-07-310000858877us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-07-310000858877us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:CommercialPaperMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-07-310000858877us-gaap:CommercialPaperMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:CommercialPaperMemberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:CertificatesOfDepositMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-07-310000858877us-gaap:CertificatesOfDepositMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:CertificatesOfDepositMemberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMember2021-10-300000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-07-310000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel1Member2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMember2021-10-300000858877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMember2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel3Member2021-07-310000858877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMember2021-07-310000858877us-gaap:FairValueInputsLevel2Member2021-10-300000858877us-gaap:FairValueInputsLevel2Member2021-07-310000858877us-gaap:SeniorNotesMember2021-10-300000858877us-gaap:SeniorNotesMember2021-07-310000858877us-gaap:CommercialPaperMember2021-10-300000858877us-gaap:CommercialPaperMember2021-07-310000858877csco:FixedRateNotes1.85DueSeptember2021Member2021-10-300000858877csco:FixedRateNotes1.85DueSeptember2021Member2021-07-310000858877csco:FixedRateNotes3.0DueJune152022Member2021-10-300000858877csco:FixedRateNotes3.0DueJune152022Member2021-07-310000858877csco:FixedRateNotes2.6DueFebruary2023Member2021-10-300000858877csco:FixedRateNotes2.6DueFebruary2023Member2021-07-310000858877csco:FixedRateNotes2.20DueSeptember2023Member2021-10-300000858877csco:FixedRateNotes2.20DueSeptember2023Member2021-07-310000858877csco:FixedRateNotes3.625DueMarch2024Member2021-10-300000858877csco:FixedRateNotes3.625DueMarch2024Member2021-07-310000858877csco:FixedRateNotes3.5DueJune152025Member2021-10-300000858877csco:FixedRateNotes3.5DueJune152025Member2021-07-310000858877csco:FixedRateNotes2.95DueFebruary2026Member2021-10-300000858877csco:FixedRateNotes2.95DueFebruary2026Member2021-07-310000858877csco:FixedRateNotes2.50DueSeptember2026Member2021-10-300000858877csco:FixedRateNotes2.50DueSeptember2026Member2021-07-310000858877csco:FixedRateNotes5.9DueFebruary2039Member2021-10-300000858877csco:FixedRateNotes5.9DueFebruary2039Member2021-07-310000858877csco:FixedRateNotes5.5DueJanuary2040Member2021-10-300000858877csco:FixedRateNotes5.5DueJanuary2040Member2021-07-310000858877us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueHedgingMember2021-10-300000858877us-gaap:UnsecuredDebtMemberus-gaap:RevolvingCreditFacilityMember2021-05-132021-05-130000858877us-gaap:UnsecuredDebtMemberus-gaap:RevolvingCreditFacilityMember2021-05-130000858877us-gaap:UnsecuredDebtMemberus-gaap:RevolvingCreditFacilityMember2020-05-152020-05-150000858877us-gaap:UnsecuredDebtMemberus-gaap:RevolvingCreditFacilityMember2021-10-300000858877currency:USDus-gaap:UnsecuredDebtMemberus-gaap:FederalFundsEffectiveSwapRateMemberus-gaap:RevolvingCreditFacilityMember2021-05-132021-05-130000858877currency:USDus-gaap:LondonInterbankOfferedRateLIBORMemberus-gaap:UnsecuredDebtMemberus-gaap:RevolvingCreditFacilityMember2021-05-132021-05-130000858877currency:GBPsrt:MinimumMemberus-gaap:UnsecuredDebtMemberus-gaap:RevolvingCreditFacilityMember2021-05-13csco:extension_option0000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-300000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-07-310000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-300000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-07-310000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-300000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-07-310000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-300000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-07-310000858877us-gaap:InterestRateContractMemberus-gaap:OtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-300000858877us-gaap:InterestRateContractMemberus-gaap:OtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-07-310000858877us-gaap:InterestRateContractMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-300000858877us-gaap:InterestRateContractMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-07-310000858877us-gaap:InterestRateContractMemberus-gaap:OtherAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-300000858877us-gaap:InterestRateContractMemberus-gaap:OtherAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-07-310000858877us-gaap:InterestRateContractMemberus-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-300000858877us-gaap:InterestRateContractMemberus-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-07-310000858877us-gaap:DesignatedAsHedgingInstrumentMember2021-10-300000858877us-gaap:DesignatedAsHedgingInstrumentMember2021-07-310000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherCurrentAssetsMemberus-gaap:NondesignatedMember2021-10-300000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherCurrentAssetsMemberus-gaap:NondesignatedMember2021-07-310000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:NondesignatedMember2021-10-300000858877us-gaap:ForeignExchangeContractMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:NondesignatedMember2021-07-310000858877us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2021-10-300000858877us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2021-07-310000858877us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:OtherNoncurrentLiabilitiesMember2021-10-300000858877us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:OtherNoncurrentLiabilitiesMember2021-07-310000858877us-gaap:NondesignatedMember2021-10-300000858877us-gaap:NondesignatedMember2021-07-310000858877us-gaap:ShortTermDebtMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-300000858877us-gaap:ShortTermDebtMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-07-310000858877us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:LongTermDebtMember2021-10-300000858877us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:LongTermDebtMember2021-07-310000858877us-gaap:InterestRateContractMemberus-gaap:NonoperatingIncomeExpenseMember2021-08-012021-10-300000858877us-gaap:InterestRateContractMemberus-gaap:NonoperatingIncomeExpenseMember2020-07-262020-10-240000858877us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2021-08-012021-10-300000858877us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2020-07-262020-10-240000858877us-gaap:OperatingExpenseMemberus-gaap:NondesignatedMemberus-gaap:TotalReturnSwapMember2021-08-012021-10-300000858877us-gaap:OperatingExpenseMemberus-gaap:NondesignatedMemberus-gaap:TotalReturnSwapMember2020-07-262020-10-240000858877us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:EquityContractMemberus-gaap:NondesignatedMember2021-08-012021-10-300000858877us-gaap:OtherNonoperatingIncomeExpenseMemberus-gaap:EquityContractMemberus-gaap:NondesignatedMember2020-07-262020-10-240000858877us-gaap:NondesignatedMember2021-08-012021-10-300000858877us-gaap:NondesignatedMember2020-07-262020-10-240000858877us-gaap:ForeignExchangeContractMember2021-10-300000858877us-gaap:ForeignExchangeContractMember2021-07-310000858877us-gaap:InterestRateContractMember2021-10-300000858877us-gaap:InterestRateContractMember2021-07-310000858877us-gaap:TotalReturnSwapMember2021-10-300000858877us-gaap:TotalReturnSwapMember2021-07-310000858877us-gaap:CashFlowHedgingMember2021-08-012021-10-300000858877us-gaap:NetInvestmentHedgingMember2021-08-012021-10-300000858877us-gaap:InventoriesMember2021-10-300000858877us-gaap:InventoriesMember2021-07-310000858877us-gaap:InventoriesMember2021-10-300000858877us-gaap:InventoriesMember2021-07-310000858877us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2021-08-012021-10-300000858877us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2020-07-262020-10-240000858877csco:InvestmentsInPrivatelyHeldCompaniesMember2021-10-300000858877csco:InvestmentsInPrivatelyHeldCompaniesMember2021-07-310000858877csco:ThirdPartyChannelPartnerMember2021-10-300000858877csco:ThirdPartyChannelPartnerMember2021-07-310000858877csco:EndUserMember2021-10-300000858877csco:EndUserMember2021-07-31csco:customer0000858877csco:EstechSystemsIncMemberus-gaap:PendingLitigationMember2020-04-242020-08-25csco:patent0000858877csco:TaxYear2003Through2007Membercsco:BrazilianTaxAuthorityMember2021-08-012021-10-300000858877csco:SRIInternationalMemberus-gaap:PendingLitigationMember2013-09-042013-09-040000858877csco:SRIInternationalMemberus-gaap:PendingLitigationMember2016-05-122016-05-120000858877csco:SRIInternationalMemberus-gaap:PendingLitigationMember2017-05-252017-05-250000858877csco:SRIInternationalMemberus-gaap:PendingLitigationMember2016-05-122021-10-300000858877csco:SRIInternationalMemberus-gaap:PendingLitigationMember2020-04-012020-04-010000858877us-gaap:PendingLitigationMembercsco:PatentInfringementMembercsco:CentripetalMember2018-02-132018-02-130000858877us-gaap:PendingLitigationMembercsco:PatentInfringementIPRProceedingsMembercsco:CentripetalMember2018-02-132018-02-130000858877us-gaap:PendingLitigationMembercsco:PatentInfringementPatentTrialandAppealBoardMembercsco:CentripetalMember2018-02-132018-02-130000858877us-gaap:PendingLitigationMembercsco:PatentInfringementMembercsco:CentripetalMember2021-03-102021-03-100000858877us-gaap:PendingLitigationMembercsco:PatentInfringementMembercsco:CentripetalMember2021-05-112021-05-110000858877csco:PatentInfringementNotSubjectToIPRProceedingsMemberus-gaap:PendingLitigationMembercountry:UScsco:CentripetalMember2018-02-132018-02-130000858877us-gaap:PendingLitigationMembercsco:PatentInfringementMembercsco:CentripetalMember2020-10-052020-10-050000858877us-gaap:PendingLitigationMembercsco:CentripetalMember2020-10-052020-10-050000858877srt:MinimumMemberus-gaap:PendingLitigationMembercsco:CentripetalMember2020-10-052020-10-050000858877us-gaap:PendingLitigationMembersrt:MaximumMembercsco:CentripetalMember2020-10-052020-10-050000858877srt:EuropeMemberus-gaap:PendingLitigationMembercsco:PatentInfringementMembercsco:CentripetalMember2020-04-292020-04-300000858877srt:EuropeMemberus-gaap:PendingLitigationMembercsco:PatentInfringementMembercsco:CentripetalMember2021-06-222021-06-220000858877country:DEus-gaap:PendingLitigationMembercsco:PatentInfringementMembercsco:CentripetalMember2021-06-222021-06-220000858877us-gaap:PendingLitigationMembercsco:PatentInfringementMembercsco:RamotMember2019-06-122019-06-120000858877us-gaap:PendingLitigationMembercsco:PatentInfringementMembercsco:RamotMember2021-02-262021-02-260000858877us-gaap:PendingLitigationMembercsco:ContractClaimsMembercsco:ViasatIncMember2019-07-172019-07-170000858877csco:TradeSecretMisappropriationMemberus-gaap:PendingLitigationMembercsco:ViasatIncMember2019-07-172019-07-170000858877csco:CounterclaimContractAndTradeSecretMemberus-gaap:PendingLitigationMembercsco:ViasatIncMember2019-07-172019-07-1700008588772021-05-022021-07-3100008588772021-01-242021-05-0100008588772020-10-252021-01-230000858877csco:StockRepurchaseProgramMember2021-10-300000858877csco:StockRepurchaseProgramMember2021-07-31csco:stock_incentive_plan0000858877csco:TwoThousandFivePlanMember2021-10-300000858877us-gaap:EmployeeStockMember2021-10-300000858877us-gaap:EmployeeStockMember2021-08-012021-10-30csco:period0000858877us-gaap:EmployeeStockMember2020-07-262020-10-240000858877us-gaap:CostOfSalesMemberus-gaap:ProductMember2021-08-012021-10-300000858877us-gaap:CostOfSalesMemberus-gaap:ProductMember2020-07-262020-10-240000858877us-gaap:ServiceMemberus-gaap:CostOfSalesMember2021-08-012021-10-300000858877us-gaap:ServiceMemberus-gaap:CostOfSalesMember2020-07-262020-10-240000858877us-gaap:ResearchAndDevelopmentExpenseMember2021-08-012021-10-300000858877us-gaap:ResearchAndDevelopmentExpenseMember2020-07-262020-10-240000858877us-gaap:SellingAndMarketingExpenseMember2021-08-012021-10-300000858877us-gaap:SellingAndMarketingExpenseMember2020-07-262020-10-240000858877us-gaap:GeneralAndAdministrativeExpenseMember2021-08-012021-10-300000858877us-gaap:GeneralAndAdministrativeExpenseMember2020-07-262020-10-240000858877us-gaap:RestructuringChargesMember2021-08-012021-10-300000858877us-gaap:RestructuringChargesMember2020-07-262020-10-240000858877us-gaap:StockCompensationPlanMember2020-07-250000858877us-gaap:StockCompensationPlanMember2020-07-262021-07-310000858877us-gaap:StockCompensationPlanMember2021-07-310000858877us-gaap:StockCompensationPlanMember2021-08-012021-10-300000858877us-gaap:StockCompensationPlanMember2021-10-300000858877us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-07-310000858877us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-07-310000858877us-gaap:AccumulatedTranslationAdjustmentMember2021-07-310000858877us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-08-012021-10-300000858877us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-08-012021-10-300000858877us-gaap:AccumulatedTranslationAdjustmentMember2021-08-012021-10-300000858877us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-10-300000858877us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-10-300000858877us-gaap:AccumulatedTranslationAdjustmentMember2021-10-300000858877us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-07-250000858877us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-07-250000858877us-gaap:AccumulatedTranslationAdjustmentMember2020-07-250000858877us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-07-262020-10-240000858877us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-07-262020-10-240000858877us-gaap:AccumulatedTranslationAdjustmentMember2020-07-262020-10-240000858877us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-10-240000858877us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-10-240000858877us-gaap:AccumulatedTranslationAdjustmentMember2020-10-240000858877csco:AmericasSegmentMemberus-gaap:OperatingSegmentsMember2021-08-012021-10-300000858877csco:AmericasSegmentMemberus-gaap:OperatingSegmentsMember2020-07-262020-10-240000858877csco:EuropeMiddleEastAndAfricaSegmentMemberus-gaap:OperatingSegmentsMember2021-08-012021-10-300000858877csco:EuropeMiddleEastAndAfricaSegmentMemberus-gaap:OperatingSegmentsMember2020-07-262020-10-240000858877us-gaap:OperatingSegmentsMembercsco:AsiaPacificJapanAndChinaSegmentMember2021-08-012021-10-300000858877us-gaap:OperatingSegmentsMembercsco:AsiaPacificJapanAndChinaSegmentMember2020-07-262020-10-240000858877us-gaap:OperatingSegmentsMember2021-08-012021-10-300000858877us-gaap:OperatingSegmentsMember2020-07-262020-10-240000858877us-gaap:CorporateNonSegmentMember2021-08-012021-10-300000858877us-gaap:CorporateNonSegmentMember2020-07-262020-10-240000858877country:US2021-08-012021-10-300000858877country:US2020-07-262020-10-24
Table of Contents
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549 
_____________________________________
FORM 10-Q
(Mark One)
☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended October 30, 2021
or
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
          
For the transition period from              to             
Commission file number 001-39940 
_____________________________________
csco-20211030_g1.jpg
CISCO SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware 77-0059951
(State or other jurisdiction of
incorporation or organization)		 (I.R.S. Employer
Identification Number)
170 West Tasman Drive
San Jose, California 95134
(Address of principal executive office and zip code)
(408) 526-4000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name, former address and formal fiscal year, if changed since last report.)
_____________________________________ 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001 per shareCSCOThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes ☒   No  ☐  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes ☒    No  ☐  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer☒Accelerated filer ☐
Non-accelerated filer☐Smaller reporting company ☐
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes ☐  No  ☒
Number of shares of the registrant’s common stock outstanding as of November 18, 2021: 4,217,606,555
____________________________________ 
1
Table of Contents
Cisco Systems, Inc.
Form 10-Q for the Quarter Ended October 30, 2021
INDEX
Page
Part I
Item 1.
Item 2.
Item 3.
Item 4.
Part II.
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.

2
Table of Contents
PART I. FINANCIAL INFORMATION 
Item 1.Financial Statements (Unaudited)
CISCO SYSTEMS, INC.
CONSOLIDATED BALANCE SHEETS
(in millions, except par value)
(Unaudited)
October 30, 2021July 31, 2021
ASSETS
Current assets:
Cash and cash equivalents$7,619 $9,175 
Investments15,727 15,343 
Accounts receivable, net of allowance of $114 at October 30, 2021 and $109 at July 31, 2021
5,306 5,766 
Inventories1,832 1,559 
Financing receivables, net4,070 4,380 
Other current assets3,034 2,889 
Total current assets37,588 39,112 
Property and equipment, net2,238 2,338 
Financing receivables, net4,546 4,884 
Goodwill38,802 38,168 
Purchased intangible assets, net3,350 3,619 
Deferred tax assets4,198 4,360 
Other assets5,259 5,016 
TOTAL ASSETS$95,981 $97,497 
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt$506 $2,508 
Accounts payable2,261 2,362 
Income taxes payable816 801 
Accrued compensation3,231 3,818 
Deferred revenue12,017 12,148 
Other current liabilities4,407 4,620 
Total current liabilities23,238 26,257 
Long-term debt8,996 9,018 
Income taxes payable8,553 8,538 
Deferred revenue10,055 10,016 
Other long-term liabilities2,438 2,393 
Total liabilities53,280 56,222 
Commitments and contingencies (Note 14)
Equity:
Cisco stockholders’ equity:
Preferred stock, $0.001 par value: 5 shares authorized; none issued and outstanding
— — 
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 4,217 shares issued and outstanding as of each of October 30, 2021 and July 31, 2021
42,621 42,346 
Retained earnings (Accumulated deficit)553 (654)
Accumulated other comprehensive loss(473)(417)
Total equity42,701 41,275 
TOTAL LIABILITIES AND EQUITY$95,981 $97,497 
See Notes to Consolidated Financial Statements.
3
Table of Contents
CISCO SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per-share amounts)
(Unaudited) 
Three Months Ended
October 30, 2021October 24, 2020
REVENUE:
Product$9,529 $8,587 
Service3,371 3,342 
Total revenue12,900 11,929 
COST OF SALES:
Product3,673 3,206 
Service1,174 1,142 
Total cost of sales4,847 4,348 
GROSS MARGIN8,053 7,581 
OPERATING EXPENSES:
Research and development1,714 1,612 
Sales and marketing2,261 2,217 
General and administrative551 544 
Amortization of purchased intangible assets84 36 
Restructuring and other charges5 602 
Total operating expenses4,615 5,011 
OPERATING INCOME3,438 2,570 
Interest income121 174 
Interest expense(89)(112)
Other income (loss), net187 49 
Interest and other income (loss), net219 111 
INCOME BEFORE PROVISION FOR INCOME TAXES3,657 2,681 
Provision for income taxes677 507 
NET INCOME$2,980 $2,174 
Net income per share:
Basic$0.71 $0.51 
Diluted$0.70 $0.51 
Shares used in per-share calculation:
Basic4,218 4,230 
Diluted4,243 4,244 
See Notes to Consolidated Financial Statements.
4
Table of Contents
CISCO SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in millions)
(Unaudited)
Three Months Ended
October 30, 2021October 24, 2020
Net income$2,980 $2,174 
Available-for-sale investments:
Change in net unrealized gains and losses, net of tax benefit (expense) of $28 and $17 for the first quarter of fiscal 2022 and 2021, respectively
(83)(24)
Net (gains) losses reclassified into earnings, net of tax (benefit) expense of $2 and $5 for the first quarter of fiscal 2022 and 2021, respectively
(4)(10)
(87)(34)
Cash flow hedging instruments:
Change in unrealized gains and losses, net of tax benefit (expense) of $(1) and $0 for the first quarter of fiscal 2022 and 2021, respectively
7 (2)
Net (gains) losses reclassified into earnings, net of tax (benefit) expense of $0 and $1 for the first quarter of fiscal 2022 and 2021, respectively
(1)(1)
6 (3)
Net change in cumulative translation adjustment and actuarial gains and losses net of tax benefit (expense) of $9 and $(1) for the first quarter of fiscal 2022 and 2021, respectively
25 109 
Other comprehensive income (loss)(56)72 
Comprehensive income$2,924 $2,246 
See Notes to Consolidated Financial Statements.


5
Table of Contents
CISCO SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
(Unaudited)
Three Months Ended
October 30, 2021October 24, 2020
Cash flows from operating activities:
Net income$2,980 $2,174 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and other533 451 
Share-based compensation expense453 438 
Provision (benefit) for receivables1 13 
Deferred income taxes(98)(120)
(Gains) losses on divestitures, investments and other, net(211)(59)
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable427 1,526 
Inventories(275)(21)
Financing receivables672 167 
Other assets(170)(259)
Accounts payable(93)73 
Income taxes, net17 (84)
Accrued compensation(585)(165)
Deferred revenue(95)(45)
Other liabilities(129)7 
Net cash provided by operating activities3,427 4,096 
Cash flows from investing activities:
Purchases of investments(2,951)(3,756)
Proceeds from sales of investments580 657 
Proceeds from maturities of investments1,856 1,425 
Acquisitions, net of cash and cash equivalents acquired and divestitures(336)(830)
Purchases of investments in privately held companies(101)(68)
Return of investments in privately held companies53 29 
Acquisition of property and equipment(122)(171)
Proceeds from sales of property and equipment1 4 
Net cash used in by investing activities(1,020)(2,710)
Cash flows from financing activities:
Issuances of common stock— 1 
Repurchases of common stock—repurchase program
(273)(800)
Shares repurchased for tax withholdings on vesting of restricted stock units(133)(89)
Repayments of debt(2,000)— 
Dividends paid(1,561)(1,520)
Other(3)35 
Net cash used in financing activities(3,970)(2,373)
Net decrease in cash, cash equivalents, and restricted cash(1,563)(987)
Cash, cash equivalents, and restricted cash, beginning of period9,942 11,812 
Cash, cash equivalents, and restricted cash, end of period$8,379 $10,825 
Supplemental cash flow information:
Cash paid for interest$124 $160 
Cash paid for income taxes, net$758 $710 


See Notes to Consolidated Financial Statements.
6
Table of Contents
CISCO SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF EQUITY
(in millions, except per-share amounts)
(Unaudited)
Three Months Ended October 30, 2021Shares of
Common
Stock		Common Stock
and
Additional
Paid-In Capital		Retained Earnings (Accumulated Deficit)Accumulated
Other
Comprehensive Loss		Total
Equity
Balance at July 31, 20214,217 $42,346 $(654)$(417)$41,275 
Net income2,980 2,980 
Other comprehensive loss(56)(56)
Issuance of common stock7 — 
Repurchase of common stock(5)(46)(210)(256)
Shares repurchased for tax withholdings on vesting of restricted stock units(2)(133)(133)
Cash dividends declared ($0.37 per common share)
(1,561)(1,561)
Share-based compensation453 453 
Other1 (2)(1)
Balance at October 30, 20214,217 $42,621 $553 $(473)$42,701 

Three Months Ended October 24, 2020Shares of
Common
Stock		Common Stock
and
Additional
Paid-In Capital		Accumulated DeficitAccumulated
Other
Comprehensive
Loss		Total
Equity
Balance at July 25, 20204,237 $41,202 $(2,763)$(519)$37,920 
Net income2,174 2,174 
Other comprehensive income72 72 
Issuance of common stock7 1 1 
Repurchase of common stock(20)(192)(608)(800)
Shares repurchased for tax withholdings on vesting of restricted stock units(2)(89)(89)
Cash dividends declared ($0.36 per common share)
(1,521)(1,521)
Effect of adoption of accounting standard(38)(38)
Share-based compensation438 438 
Balance at October 24, 20204,222 $41,360 $(2,756)$(447)$38,157 



















7
Table of Contents
CISCO SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)

1.Organization and Basis of Presentation
The fiscal year for Cisco Systems, Inc. (the “Company,” “Cisco,” “we,” “us,” or “our”) is the 52 or 53 weeks ending on the last Saturday in July. Fiscal 2022 is a 52-week fiscal year and fiscal 2021 was a 53-week fiscal year. The Consolidated Financial Statements include our accounts and those of our subsidiaries. All intercompany accounts and transactions have been eliminated. We conduct business globally and are primarily managed on a geographic basis in the following three geographic segments: the Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific, Japan, and China (APJC).
We have prepared the accompanying financial data as of October 30, 2021 and for the first quarter of fiscal 2022 and 2021, without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (GAAP) have been condensed or omitted pursuant to such rules and regulations. The July 31, 2021 Consolidated Balance Sheet was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States. However, we believe that the disclosures are adequate to make the information presented not misleading. These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and the notes thereto included in our Annual Report on Form 10-K for the fiscal year ended July 31, 2021.
The preparation of financial statements and related disclosures in conformity with GAAP requires us to make judgments, assumptions, and estimates that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. The inputs into certain of our judgments, assumptions, and estimates considered the economic implications of the COVID-19 pandemic on our critical and significant accounting estimates. The actual results that we experience may differ materially from our estimates. As the COVID-19 pandemic continues to develop, many of our estimates could require increased judgment and carry a higher degree of variability and volatility. As events continue to evolve our estimates may change materially in future periods.
In the opinion of management, all normal recurring adjustments necessary to present fairly the consolidated balance sheet as of October 30, 2021, the results of operations, the statements of comprehensive income, the statements of cash flows and the statements of equity for the first quarter of fiscal 2022 and 2021, as applicable, have been made. The results of operations for the first quarter of fiscal 2022 are not necessarily indicative of the operating results for the full fiscal year or any future periods.
Our consolidated financial statements include our accounts and entities consolidated under the variable interest and voting models. The noncontrolling interests attributed to these investments, if material, are presented as a separate component from our equity in the equity section of the Consolidated Balance Sheets. The share of earnings attributable to the noncontrolling interests are not presented separately in the Consolidated Statements of Operations as these amounts are not material for any of the fiscal periods presented.
Certain reclassifications have been made to the amounts in prior periods in order to conform to the current period’s presentation. We have evaluated subsequent events through the date that the financial statements were issued.

2.Recent Accounting Pronouncements
(a)New Accounting Updates Recently Adopted
Acquired Revenue Contracts with Customers in Business Combination In October 2021, the Financial Accounting Standards Board (FASB) issued an accounting standard update that requires companies to apply Accounting Standards Codification 606 to recognize and measure contract assets and contract liabilities from contracts with customers acquired in a business combination. We early adopted this accounting standard update beginning in the first quarter of fiscal 2022 and did not have a material impact on our Consolidated Financial Statements. The ongoing impact of this standard will be fact dependent on the transactions within its scope.
(b)Recent Accounting Standards or Updates Not Yet Effective
Reference Rate Reform In March 2020, the FASB issued an accounting standard update and subsequent amendments that provide optional expedients and exceptions to the current guidance on contract modification and hedging relationships to ease the financial reporting burden of the expected market transition from the London InterBank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. This accounting standard update was effective upon issuance and may be
8
Table of Contents
CISCO SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Unaudited)

applied prospectively through December 31, 2022. We are currently evaluating the impact of this accounting standard update on our Consolidated Financial Statements.

3.Revenue
We enter into contracts with customers that can include various combinations of products and services which are generally distinct and accounted for as separate performance obligations. As a result, our contracts may contain multiple performance obligations. We determine whether arrangements are distinct based on whether the customer can benefit from the product or service on its own or together with other resources that are readily available and whether our commitment to transfer the product or service to the customer is separately identifiable from other obligations in the contract. We classify our hardware, perpetual software licenses, and software-as-a-service (SaaS) as distinct performance obligations. Term software licenses represent multiple obligations, which include software licenses and software maintenance. In transactions where we deliver hardware or software, we are typically the principal and we record revenue and costs of goods sold on a gross basis. We refer to our term software licenses, security software licenses, SaaS, and associated service arrangements as subscription offers.
We recognize revenue upon transfer of control of promised goods or services in a contract with a customer in an amount that reflects the consideration we expect to receive in exchange for those products or services. Transfer of control occurs once the customer has the contractual right to use the product, generally upon shipment, electronic delivery (or when the software is available for download by the customer), or once title and risk of loss has transferred to the customer. Transfer of control can also occur over time for software maintenance and services as the customer receives the benefit over the contract term. Our hardware and perpetual software licenses are distinct performance obligations where revenue is recognized upfront upon transfer of control. Term software licenses include multiple performance obligations where the term licenses are recognized upfront upon transfer of control, with the associated software maintenance revenue recognized ratably over the contract term as services and software updates are provided. SaaS arrangements do not include the right for the customer to take possession of the software during the term, and therefore have one distinct performance obligation which is satisfied over time with revenue recognized ratably over the contract term as the customer consumes the services. On our product sales, we record consideration from shipping and handling on a gross basis within net product sales. We record our revenue net of any associated sales taxes.
An allowance for future sales returns is established based on historical trends in product return rates. The allowance for future sales returns as of October 30, 2021 and July 31, 2021 was $49 million and $55 million, respectively, and was recorded as a reduction of our accounts receivable and revenue.
Significant Judgments
Revenue is allocated among these performance obligations in a manner that reflects the consideration that we expect to be entitled to for the promised goods or services based on standalone selling prices (SSP). SSP is estimated for each distinct performance obligation and judgment may be required in their determination. The best evidence of SSP is the observable price of a product or service when we sell the goods separately in similar circumstances and to similar customers. In instances where SSP is not directly observable, we determine SSP using information that may include market conditions and other observable inputs.
We assess relevant contractual terms in our customer contracts to determine the transaction price. We apply judgment in identifying contractual terms and determining the transaction price as we may be required to estimate variable consideration when determining the amount of revenue to recognize. Variable consideration includes potential contractual penalties and various rebate, cooperative marketing and other incentive programs that we offer to our distributors, channel partners and customers. When determining the amount of revenue to recognize, we estimate the expected usage of these programs, applying the expected value or most likely estimate and update the estimate at each reporting period as actual utilization becomes available. We also consider the customers’ right of return in determining the transaction price, where applicable.
We assess certain software licenses, such as for security software, that contain critical updates or upgrades which customers can download throughout the contract term. Without these updates or upgrades, the functionality of the software would diminish over a relatively short time period. These updates or upgrades provide the customer the full functionality of the purchased security software licenses and are required to maintain the security license’s utility as the risks and threats in the environment are rapidly changing. In these circumstances, the revenue from these software arrangements is recognized as a single performance obligation satisfied over the contract term.
9
Table of Contents
CISCO SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Unaudited)


(a)Disaggregation of Revenue
We disaggregate our revenue into groups of similar products and services that depict the nature, amount, and timing of revenue and cash flows for our various offerings. The sales cycle, contractual obligations, customer requirements, and go-to-market strategies differ for each of our product categories, resulting in different economic risk profiles for each category. Effective in the first quarter of fiscal 2022, we began reporting our product and service revenue in the following categories: Secure, Agile Networks; Hybrid Work; End-to-End Security; Internet for the Future; Optimized Application Experiences; Other Products; and Services. This change will better align our product categories with our strategic priorities. The following table presents this disaggregation of revenue (in millions):
Three Months Ended
October 30,
2021		October 24,
2020
Product revenue:
Secure, Agile Networks$5,967 $5,434 
Hybrid Work1,109 1,193 
End-to-End Security895 861 
Internet for the Future1,374 942 
Optimized Application Experiences181 153 
Other Products3 3 
Total Product9,529 8,587 
Services3,371 3,342 
Total$12,900 $11,929 
Amounts may not sum due to rounding.
Secure, Agile Networks consists of our core networking technologies of switching, enterprise routing, wireless, and compute products. These technologies consist of both hardware and software offerings, including software licenses and SaaS, that help our customers build networks, automate, orchestrate, integrate, and digitize data. Our hardware and perpetual software in this category are distinct performance obligations where revenue is recognized upfront upon transfer of control. Term software licenses are multiple performance obligations where the term license is recognized upfront upon transfer of control with the associated software maintenance revenue recognized ratably over the contract term. SaaS arrangements in this category have one distinct performance obligation which is satisfied over time with revenue recognized ratably over the contract term.
Hybrid Work consists of our collaboration offerings. These products consist primarily of software offerings, including software licenses and SaaS, as well as hardware. Our perpetual software and hardware in this category are distinct performance obligations where revenue is recognized upfront upon transfer of control. Term software licenses are multiple performance obligations where the term license is recognized upfront upon transfer of control with the associated software maintenance revenue recognized ratably over the contract term. SaaS arrangements in this category have one distinct performance obligation which is satisfied over time with revenue recognized ratably over the contract term.
End-to-End Security consists of our overall security offerings. These products consist of both hardware and software offerings, including software licenses and SaaS. Updates and upgrades for the term software licenses are critical for our software to perform its intended commercial purpose because of the continuous need for our software to secure our customers’ network environments against frequent threats. Therefore, security software licenses are generally represented by a single distinct performance obligation with revenue recognized ratably over the contract term. Our hardware and perpetual software in this category are distinct performance obligations where revenue is recognized upfront upon transfer of control. SaaS arrangements in this category have one distinct performance obligation which is satisfied over time with revenue recognized ratably over the contract term.
Internet for the Future consists of our routed optical networking, public 5G, silicon, and optics offerings. These products consist primarily of both hardware and software offerings, including software licenses and SaaS. Our hardware and perpetual software in this category are distinct performance obligations where revenue is recognized upfront upon transfer of control. Term software licenses are multiple performance obligations where the term license is recognized upfront upon transfer of control with the associated software maintenance revenue recognized ratably over the contract term. SaaS arrangements in this category have one distinct performance obligation which is satisfied over time with revenue recognized ratably over the contract term.
10
Table of Contents
CISCO SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Unaudited)

Optimized Application Experiences consists of our full stack observability and cloud-native platform offerings. These products consist primarily of software offerings, including software licenses and SaaS. Our perpetual software in this category are distinct performance obligations where revenue is recognized upfront upon transfer of control. Term software licenses are multiple performance obligations where the term license is recognized upfront upon transfer of control with the associated software maintenance revenue recognized ratably over the contract term. SaaS arrangements in this category have one distinct performance obligation which is satisfied over time with revenue recognized ratably over the contract term.
In addition to our product offerings, we provide a broad range of service and support options for our customers, including technical support services and advanced services. Technical support services represent the majority of these offerings which are distinct performance obligations that are satisfied over time with revenue recognized ratably over the contract term. Advanced services are distinct performance obligations that are satisfied over time with revenue recognized as services are delivered.
The sales arrangements as discussed above are typically made pursuant to customer purchase orders based on master purchase or partner agreements. Cash is received based on our standard payment terms which is typically 30 days. We provide financing arrangements to customers for all of our hardware, software and service offerings. Refer to Note 9 for additional information. For these arrangements, cash is typically received over time.
(b)Contract Balances
Accounts receivable, net was $5.3 billion as of October 30, 2021 compared to $5.8 billion as of July 31, 2021, as reported on the Consolidated Balance Sheets.
The allowances for credit loss for our accounts receivable are summarized as follows (in millions):
Three Months Ended
October 30, 2021October 24, 2020
Allowance for credit loss at beginning of period$109 $143 
Provisions (benefits)19 14 
Recoveries (write-offs), net(14)(6)
Foreign exchange and other— (26)
Allowance for credit loss at end of period$114 $125 
Contract assets consist of unbilled receivables and are recorded when revenue is recognized in advance of scheduled billings to our customers. These amounts are primarily related to software and service arrangements where transfer of control has occurred but we have not yet invoiced. Our contract assets for these unbilled receivables, net of allowances, were $1.4 billion as of each of October 30, 2021 and July 31, 2021, and were included in other current assets and other assets.
Gross contract assets by our internal risk ratings are summarized as follows (in millions):
October 30,
2021		July 31,
2021
1 to 4$445 $521 
5 to 6839 770 
7 and Higher154 166 
Total$1,438 $1,457 
Contract liabilities consist of deferred revenue. Deferred revenue was $22.1 billion as of October 30, 2021 compared to $22.2 billion as of July 31, 2021. We recognized approximately $4.1 billion of revenue during the first quarter of fiscal 2022 that was included in the deferred revenue balance at July 31, 2021.
(c)Capitalized Contract Acquisition Costs
We capitalize direct and incremental costs incurred to acquire contracts, primarily sales commissions, for which the associated revenue is expected to be recognized in future periods. We incur these costs in connection with both initial contracts and renewals. These costs are initially deferred and typically amortized over the term of the customer contract which corresponds to the period of benefit. Deferred sales commissions were $994 million and $967 million as of October 30, 2021 and July 31, 2021, respectively, and were included in other current assets and other assets. The amortization expense associated with these costs was $187 million and $123 million for the first quarter of fiscal 2022 and 2021, respectively, and was included in sales and marketing expenses.
11
Table of Contents
CISCO SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Unaudited)


4.Acquisitions and Divestitures
We completed one acquisition during the first quarter of fiscal 2022. A summary of the allocation of the total purchase consideration is presented as follows (in millions):
Purchase ConsiderationNet Tangible Assets Acquired (Liabilities Assumed)Purchased Intangible AssetsGoodwill
Total acquisitions (one in total)
$323 $8 $10 $305 
The total purchase consideration related to our acquisitions completed during the first quarter of fiscal 2022 consisted of cash consideration and vested share-based awards assumed. The total cash and cash equivalents acquired from these acquisitions was approximately $6 million. Total transaction costs related to acquisition and divestiture activities were $19 million and $4 million for the first quarter of fiscal 2022 and 2021, respectively. These transaction costs were expensed as incurred in general and administrative expenses (“G&A”) in the Consolidated Statements of Operations.
The goodwill generated from acquisitions completed during the first quarter of fiscal 2022 is primarily related to expected synergies. The goodwill is generally not deductible for income tax purposes.
The Consolidated Financial Statements include the operating results of each acquisition from the date of acquisition. Pro forma results of operations and the revenue and net income subsequent to the acquisition date for the acquisitions completed during the first quarter of fiscal 2022 have not been presented because the effects of the acquisitions, individually and in the aggregate, were not material to our financial results.

5.Goodwill and Purchased Intangible Assets
(a)Goodwill
The following table presents the goodwill allocated to our reportable segments as of October 30, 2021 and during the first quarter of fiscal 2022 (in millions):
Balance at July 31, 2021Acquisitions & DivestituresForeign Currency Translation and OtherBalance at October 30, 2021
Americas$23,673 $204 $315 $24,192 
EMEA9,094 77 9 9,180 
APJC5,401 24 5 5,430 
Total$38,168 $305 $329 $38,802 
(b)Purchased Intangible Assets
The following table presents details of our intangible assets acquired through acquisitions completed during the first quarter of fiscal 2022 (in millions, except years):
 FINITE LIVESINDEFINITE LIVESTOTAL
 TECHNOLOGYCUSTOMER
RELATIONSHIPS		OTHERIPR&D
Weighted-
Average Useful
Life (in Years)		AmountWeighted-
Average Useful
Life (in Years)		AmountWeighted-
Average Useful
Life (in Years)		AmountAmountAmount
Total acquisitions (one in total)
2.0$6 2.0$4 — $— $— $10 
12
Table of Contents
CISCO SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Unaudited)

The following tables present details of our purchased intangible assets (in millions): 
October 30, 2021GrossAccumulated AmortizationNet
Purchased intangible assets with finite lives:
Technology$3,485 $(1,482)$2,003 
Customer relationships1,391 (597)794 
Other71 (23)48 
Total purchased intangible assets with finite lives4,947 (2,102)2,845 
In-process research and development, with indefinite lives505 — 505 
       Total$5,452 $(2,102)$3,350 
July 31, 2021GrossAccumulated AmortizationNet
Purchased intangible assets with finite lives:
Technology$3,629 $(1,437)$2,192 
Customer relationships1,387 (523)864 
Other71 (13)58 
Total purchased intangible assets with finite lives5,087 (1,973)3,114 
In-process research and development, with indefinite lives505 — 505 
       Total$5,592 $(1,973)$3,619 
Purchased intangible assets include intangible assets acquired through acquisitions as well as through direct purchases or licenses.
The following table presents the amortization of purchased intangible assets, including impairment charges (in millions):
Three Months Ended
October 30, 2021October 24, 2020
Amortization of purchased intangible assets:
Cost of sales$202 $170 
Operating expenses84 36 
Total$286 $206 
The estimated future amortization expense of purchased intangible assets with finite lives as of October 30, 2021 is as follows (in millions):
Fiscal YearAmount
2022 (remaining nine months)$763 
2023$879 
2024$750 
2025$394 
2026$58 
Thereafter$1 

6.Restructuring and Other Charges
We initiated a restructuring plan in fiscal 2021 (the “Fiscal 2021 Plan”), which included a voluntary early retirement program, in order to realign the organization and enable further investment in key priority areas. The total pretax charges are estimated to be approximately $900 million. In connection with the Fiscal 2021 Plan, we have incurred cumulative charges of $887 million and substantially completed this plan in fiscal 2021.
We initiated a restructuring plan in fiscal 2020 (the “Fiscal 2020 Plan”) in order to realign the organization and enable further investment in key priority areas. In connection with the Fiscal 2020 Plan, we incurred cumulative charges of $259 million. We completed the Fiscal 2020 Plan in fiscal 2021.
13
Table of Contents
CISCO SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Unaudited)

The aggregate pretax charges related to these plans are primarily cash-based and consist of severance and other one-time termination benefits, and other costs.
The following tables summarize the activities related to the restructuring and other charges (in millions):
FISCAL 2020 AND PRIOR PLANSFISCAL 2021 PLAN
Employee
Severance		OtherEmployee
Severance		OtherTotal
Liability as of July 31, 2021$— $10 $16 $8 $34 
Charges— (1)4 2 5 
Cash payments— (1)(8)— (9)
Non-cash items— — — (4)(4)
Liability as of October 30, 2021$— $8 $12 $6 $26 
FISCAL 2020 AND PRIOR PLANSFISCAL 2021 PLAN
Employee
Severance		OtherEmployee SeveranceOtherTotal
Liability as of July 25, 2020$58 $14 $— $— $72 
Charges— — 590 12 602 
Cash payments(58)— (272)— (330)
Non-cash items— — — (11)(11)
Liability as of October 24, 2020$— $14 $318 $1 $333 

7.Balance Sheet and Other Details
The following tables provide details of selected balance sheet and other items (in millions):
Cash, Cash Equivalents, and Restricted Cash
October 30,
2021		July 31,
2021
Cash and cash equivalents$7,619 $9,175 
Restricted cash included in other current assets10 14 
Restricted cash included in other assets750 753 
Total cash, cash equivalents, and restricted cash$8,379 $9,942 
Our restricted cash balances are funds primarily related to contractual obligations with suppliers.
Inventories
October 30,
2021		July 31,
2021
Raw materials$1,090 $801 
Work in process41 54 
Finished goods:
Deferred cost of sales85 97 
Manufactured finished goods465 422 
Total finished goods550 519 
Service-related spares142 174 
Demonstration systems9 11 
Total$1,832 $1,559 

14
Table of Contents
CISCO SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Unaudited)

Property and Equipment, Net
October 30,
2021		July 31,
2021
Gross property and equipment:
Land, buildings, and building and leasehold improvements$4,310 $4,304 
Computer equipment and related software861 858 
Production, engineering, and other equipment5,023 5,106 
Operating lease assets250 273 
Furniture, fixtures and other377 377 
Total gross property and equipment10,821 10,918 
Less: accumulated depreciation and amortization
(8,583)(8,580)
Total$2,238 $2,338 
Remaining Performance Obligations
October 30,
2021		July 31,
2021
Product$13,384 $13,270 
Service16,751 17,623 
Total$30,135 $30,893 
Current$15,941 $