Shareholders' Equity

3 Months Ended

Oct. 27, 2012

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

(a) Stock Repurchase Program

In September 2001, the Company's Board of Directors authorized a stock repurchase program. As of October 27, 2012, the Company's Board of Directors had authorized an aggregate repurchase of up to $82 billion of common stock under this program, and the remaining authorized repurchase amount was $5.6 billion with no termination date. 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 28, 2012	3,740	$	20.36	$	76,133
Repurchase of common stock under the stock repurchase program	15	16.44		253
Cumulative balance at October 27, 2012	3,755	$	20.34	$	76,386

The purchase price for the shares of the Company's stock repurchased is reflected as a reduction to shareholders' equity. The Company is required to allocate the purchase price of the repurchased shares as (i) a reduction to retained earnings and (ii) a reduction of common stock and additional paid-in capital. Issuance of common stock and the tax benefit related to employee stock incentive plans are recorded as an increase to common stock and additional paid-in capital.

(b) Cash Dividends on Shares of Common Stock

During the three months ended October 27, 2012, the Company paid cash dividends of $0.14 per common share, or $744 million, on the Company's outstanding common stock. During the three months ended October 29, 2011, the Company paid cash dividends of $0.06 per common share, or $322 million, on the Company's outstanding common stock.

On November 15, 2012, the Company's Board of Directors declared a quarterly dividend of $0.14 per common share to be paid on December 19, 2012 to all shareholders of record as of the close of business on November 29, 2012.

Any future dividends will be subject to the approval of the Company's Board of Directors.

(c) Other Repurchases of Common Stock

For the three months ended October 27, 2012 and October 29, 2011, the Company repurchased approximately 11 million and 9 million shares, or $203 million and $137 million, of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock or stock units.

(d) Accumulated Other Comprehensive Income

The components of AOCI, net of tax, and the other comprehensive income (loss), excluding noncontrolling interest, for the three months ended October 27, 2012 and October 29, 2011 are summarized as follows (in millions):

	Net Unrealized Gains on Investments			Net Unrealized Gains (Losses) Cash Flow Hedging Instruments			Cumulative Translation Adjustment and Other			Accumulated Other Comprehensive Income
BALANCE AT JULY 28, 2012	$	409		$	(53	)	$	305		$	661
Other comprehensive income (loss) attributable to Cisco Systems, Inc.	(13		)	71			114			172
BALANCE AT OCTOBER 27, 2012	$	396		$	18		$	419		$	833
	Net Unrealized Gains on Investments			Net Unrealized Gains (Losses) Cash Flow Hedging Instruments			Cumulative Translation Adjustment and Other			Accumulated Other Comprehensive Income
BALANCE AT JULY 30, 2011	$	487		$	6		$	801		$	1,294
Other comprehensive loss attributable to Cisco Systems, Inc.	(52		)	(50		)	(211		)	(313		)
BALANCE AT OCTOBER 29, 2011	$	435		$	(44	)	$	590		$	981