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Financing Receivables
 12 Months Ended
Jul. 30, 2022
Receivables [Abstract]  
Financing Receivables Financing Receivables
(a)Financing Receivables
Financing receivables primarily consist of lease receivables, loans receivables, and financed service contracts. Lease receivables represent sales-type 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 year to three years.
A summary of our financing receivables is presented as follows (in millions):
July 30, 2022Lease
Receivables		Loan ReceivablesFinanced Service ContractsTotal
Gross$1,176 $4,656 $2,186 $8,018 
Residual value76 — — 76 
Unearned income(54)— — (54)
Allowance for credit loss(23)(100)(3)(126)
Total, net$1,175 $4,556 $2,183 $7,914 
Reported as:
Current$578 $2,176 $1,151 $3,905 
Noncurrent597 2,380 1,032 4,009 
Total, net$1,175 $4,556 $2,183 $7,914 
July 31, 2021Lease
Receivables		Loan
Receivables		Financed Service
Contracts		Total
Gross$1,710 $5,203 $2,453 $9,366 
Residual value103 — — 103 
Unearned income(78)— — (78)
Allowance for credit loss(38)(86)(3)(127)
Total, net$1,697 $5,117 $2,450 $9,264 
Reported as:
Current$780 $2,372 $1,228 $4,380 
Noncurrent917 2,745 1,222 4,884 
Total, net$1,697 $5,117 $2,450 $9,264 
(b)Credit Quality of Financing Receivables
The tables below present our gross financing receivables, excluding residual value, less unearned income, categorized by our internal credit risk rating by period of origination (in millions):
July 30, 2022Fiscal Year
Internal Credit Risk RatingPriorJuly 28, 2018July 27, 2019July 25, 2020July 31, 2021July 30, 2022Total
Lease Receivables:
1 to 4$2 $25 $74 $124 $176 $152 $553 
5 to 61 10 67 146 165 151 540 
7 and Higher— 1 4 12 2 10 29 
Total Lease Receivables$3 $36 $145 $282 $343 $313 $1,122 
Loan Receivables:
1 to 4$1 $46 $136 $458 $896 $1,488 $3,025 
5 to 61 10 71 242 465 733 1,522 
7 and Higher1 1 20 38 37 12 109 
Total Loan Receivables$3 $57 $227 $738 $1,398 $2,233 $4,656 
Financed Service Contracts:
1 to 4$1 $3 $37 $78 $562 $799 $1,480 
5 to 6— 7 44 103 244 297 695 
7 and Higher— — 2 7 2 — 11 
Total Financed Service Contracts$1 $10 $83 $188 $808 $1,096 $2,186 
Total$7 $103 $455 $1,208 $2,549 $3,642 $7,964 
July 31, 2021Fiscal Year
Internal Credit Risk RatingPriorJuly 29, 2017July 28, 2018July 27, 2019July 25, 2020July 31, 2021Total
Lease Receivables:
1 to 4$2 $20 $100 $168 $282 $227 $799 
5 to 61 17 65 187 285 231 786 
7 and Higher— 2 6 12 23 4 47 
Total Lease Receivables$3 $39 $171 $367 $590 $462 $1,632 
Loan Receivables:
1 to 4$4 $86 $134 $577 $990 $1,552 $3,343 
5 to 6— 19 75 202 505 925 1,726 
7 and Higher1 2 4 50 43 34 134 
Total Loan Receivables$5 $107 $213 $829 $1,538 $2,511 $5,203 
Financed Service Contracts:
1 to 4$— $38 $26 $106 $252 $1,053 $1,475 
5 to 6— 6 26 105 302 520 959 
7 and Higher— — 1 6 7 5 19 
Total Financed Service Contracts$— $44 $53 $217 $561 $1,578 $2,453 
Total$8 $190 $437 $1,413 $2,689 $4,551 $9,288 
The following tables present the aging analysis of gross receivables as of July 30, 2022 and July 31, 2021 (in millions):
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
July 30, 202231 - 6061 - 90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Lease receivables$8 $6 $26 $40 $1,082 $1,122 $7 $11 $11 
Loan receivables72 36 48 156 4,500 4,656 8 58 58 
Financed service contracts26 26 81 133 2,053 2,186 6 2 2 
Total$106 $68 $155 $329 $7,635 $7,964 $21 $71 $71 
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
July 31, 202131 - 6061 - 90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Lease receivables$21 $17 $29 $67 $1,565 $1,632 $1 $33 $26 
Loan receivables71 17 35 123 5,080 5,203 4 33 33 
Financed service contracts18 13 18 49 2,404 2,453 3 3 3 
Total$110 $47 $82 $239 $9,049 $9,288 $8 $69 $62 
Past due financing receivables are those that are 31 days or more past due according to their contractual payment terms. The data in the preceding tables is presented by contract, and the aging classification of each contract is based on the oldest outstanding receivable, and therefore past due amounts also include unbilled and current receivables within the same contract.
(c)Allowance for Credit Loss Rollforward
The allowances for credit loss and the related financing receivables are summarized as follows (in millions):
 CREDIT LOSS ALLOWANCES
 Lease
Receivables		Loan
Receivables		Financed Service
Contracts		Total
Allowance for credit loss as of July 31, 2021$38 $86 $3 $127 
Provisions (benefits)(13)4 — (9)
Recoveries (write-offs), net(2)— — (2)
Foreign exchange and other— 10 — 10 
Allowance for credit loss as of July 30, 2022$23 $100 $3 $126 
 CREDIT LOSS ALLOWANCES
 Lease
Receivables		Loan
Receivables		Financed Service
Contracts		Total
Allowance for credit loss as of July 25, 2020$48 $81 $9 $138 
Provisions (benefits)(10)(12)(5)(27)
Recoveries (write-offs), net(1)(1)— (2)
Foreign exchange and other1 18 (1)18 
Allowance for credit loss as of July 31, 2021$38 $86 $3 $127 
CREDIT LOSS ALLOWANCES
Lease
Receivables		Loan
Receivables		Financed Service
Contracts		Total
Allowance for credit loss as of July 27, 2019$46 $71 $9 $126 
Provisions (benefits)5 32 1 38 
Recoveries (write-offs), net(3)(19)— (22)
Foreign exchange and other— (3)(1)(4)
Allowance for credit loss as of July 25, 2020$48 $81 $9 $138