XML 30 R18.htm IDEA: XBRL DOCUMENT v3.25.4
Financing Receivables
 6 Months Ended
Jan. 24, 2026
Receivables [Abstract]  
Financing Receivables Financing Receivables
(a)Financing Receivables
Financing receivables primarily consist of loan receivables and lease receivables. Loan receivables represent financing arrangements related to the sale of our hardware, software, and services (including technical support and advanced services), and also may include additional funding for other costs associated with network installation and integration of our products and services. Loan receivables have terms of one year to three years on average. 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.
A summary of our financing receivables is presented as follows (in millions):
January 24, 2026Loan ReceivablesLease ReceivablesTotal
Gross$5,825 $887 $6,712 
Residual value— 67 67 
Unearned income— (92)(92)
Allowance for credit loss(34)(11)(45)
Total, net$5,791 $851 $6,642 
Reported as:
Current$2,634 $310 $2,944 
Noncurrent3,157 541 3,698 
Total, net$5,791 $851 $6,642 
July 26, 2025Loan ReceivablesLease ReceivablesTotal
Gross$5,628 $982 $6,610 
Residual value— 66 66 
Unearned income— (99)(99)
Allowance for credit loss(37)(13)(50)
Total, net$5,591 $936 $6,527 
Reported as:
Current$2,715 $346 $3,061 
Noncurrent2,876 590 3,466 
Total, net$5,591 $936 $6,527 
(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):
January 24, 2026Fiscal YearSix Months Ended
Internal Credit Risk RatingPriorJuly 30, 2022July 29, 2023July 27, 2024July 26, 2025January 24, 2026Total
Loan Receivables:
1 to 4$45 $112 $273 $937 $1,391 $1,116 $3,874 
5 to 622 20 89 283 862 647 1,923 
7 and Higher— 2 2 4 18 2 28 
Total Loan Receivables$67 $134 $364 $1,224 $2,271 $1,765 $5,825 
Lease Receivables:
1 to 4$2 $13 $81 $150 $176 $67 $489 
5 to 62 13 51 89 80 61 296 
7 and Higher— 1 2 6 1 — 10 
Total Lease Receivables$4 $27 $134 $245 $257 $128 $795 
Total$71 $161 $498 $1,469 $2,528 $1,893 $6,620 
July 26, 2025Fiscal Year
Internal Credit Risk RatingPriorJuly 31, 2021July 30, 2022July 29, 2023July 27, 2024July 26, 2025Total
Loan Receivables:
1 to 4$2 $83 $236 $371 $1,258 $1,556 $3,506 
5 to 62 56 53 167 561 1,248 2,087 
7 and Higher— — 6 9 4 16 35 
Total Loan Receivables$4 $139 $295 $547 $1,823 $2,820 $5,628 
Lease Receivables:
1 to 4$— $9 $23 $112 $187 $207 $538 
5 to 6— 6 25 77 120 103 331 
7 and Higher— — 1 3 8 2 14 
Total Lease Receivables$— $15 $49 $192 $315 $312 $883 
Total$4 $154 $344 $739 $2,138 $3,132 $6,511 
The following tables present the aging analysis of gross receivables as of January 24, 2026 and July 26, 2025 (in millions):
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
January 24, 202631-6061-90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$31 $18 $53 $102 $5,723 $5,825 $4 $1 $1 
Lease receivables13 8 6 27 768 795 5 1 1 
Total$44 $26 $59 $129 $6,491 $6,620 $9 $2 $2 
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
July 26, 202531-6061-90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$18 $18 $16 $52 $5,576 $5,628 $4 $5 $5 
Lease receivables7 3 6 16 867 883 4 1 1 
Total$25 $21 $22 $68 $6,443 $6,511 $8 $6 $6 
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):
Three Months Ended January 24, 2026CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of October 25, 2025$37 $14 $51 
Provisions (benefits)(3)(3)(6)
Allowance for credit loss as of January 24, 2026$34 $11 $45 
Three Months Ended January 25, 2025CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of October 26, 2024$49 $15 $64 
Provisions (benefits)(2)(2)(4)
Recoveries (write-offs), net(3)— (3)
Foreign exchange and other1 1 2 
Allowance for credit loss as of January 25, 2025$45 $14 $59 
Six Months Ended January 24, 2026CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 26, 2025$37 $13 $50 
Provisions (benefits)(3)(2)(5)
Allowance for credit loss as of January 24, 2026$34 $11 $45 
Six Months Ended January 25, 2025CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 27, 2024$50 $15 $65 
Provisions (benefits)(3)(2)(5)
Recoveries (write-offs), net(3)— (3)
Foreign exchange and other1 1 2 
Allowance for credit loss as of January 25, 2025$45 $14 $59