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Shareholders' Equity (Tables)
12 Months Ended
Jul. 28, 2012
Stock Repurchase Program

A summary of the stock repurchase activity under the stock repurchase program, reported based on the trade date, is summarized as follows (in millions, except per-share amounts):

 

     Shares
Repurchased
     Weighted-
Average Price
per Share
     Amount
Repurchased
 

Cumulative balance at July 31, 2010

     3,127       $ 20.78       $ 64,982   

Repurchase of common stock under the stock repurchase program

     351         19.36         6,791   
  

 

 

       

 

 

 

Cumulative balance at July 30, 2011

     3,478       $ 20.64       $ 71,773   

Repurchase of common stock under the stock repurchase program

     262         16.64         4,360   
  

 

 

       

 

 

 

Cumulative balance at July 28, 2012

     3,740       $ 20.36       $ 76,133   
  

 

 

       

 

 

 
Comprehensive Income

The components of comprehensive income, net of tax, are as follows (in millions):

 

Years Ended

   July 28,
2012
    July 30,
2011
    July 31,
2010
 

Net income

   $ 8,041      $ 6,490      $ 7,767   

Net change in unrealized gains/losses on available-for-sale investments:

      

Change in net unrealized (losses) gains, net of tax benefit (expense) of $6, $(151), and $(199) for fiscal 2012, 2011, and 2010, respectively

     (31     281        334   

Net (gains) losses reclassified into earnings, net of tax effects of $36, $68, and $17 for fiscal 2012, 2011, and 2010, respectively

     (65     (112     (151
  

 

 

   

 

 

   

 

 

 
     (96     169        183   
  

 

 

   

 

 

   

 

 

 

Net change in unrealized gains/losses on derivative instruments:

      

Change in derivative instruments, net of tax benefit (expense) of $0, $0 and $(9) for fiscal 2012, 2011, and 2010, respectively

     (131     87        46   

Net losses (gains) reclassified into earnings

     72        (108     2   
  

 

 

   

 

 

   

 

 

 
     (59     (21     48   
  

 

 

   

 

 

   

 

 

 

Net change in cumulative translation adjustment and other, net of tax benefit (expense) of $36, $(34), and $(9) for fiscal 2012, 2011, and 2010, respectively

     (496     538        (55
  

 

 

   

 

 

   

 

 

 

Comprehensive income

     7,390        7,176        7,943   

Comprehensive loss (income) attributable to noncontrolling interests

     18        (15     12   
  

 

 

   

 

 

   

 

 

 

Comprehensive income attributable to Cisco Systems, Inc.

   $ 7,408      $ 7,161      $ 7,955   
  

 

 

   

 

 

   

 

 

 
Components Of AOCI, Net Of Tax

The components of AOCI, net of tax, are summarized as follows (in millions):

 

    July 28, 2012     July 30, 2011     July 31, 2010  

Net unrealized gains on investments

  $ 409      $ 487      $ 333   

Net unrealized (losses) gains on derivative instruments

    (53     6        27   

Cumulative translation adjustment and other

    305        801        263   
 

 

 

   

 

 

   

 

 

 

Total

  $ 661      $ 1,294      $ 623