2022 Q3 Form 10-K Financial Statement

#000085887722000013 Filed on September 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022
Revenue $13.10B $51.56B
YoY Change -0.18% 3.49%
Cost Of Revenue $5.077B $19.31B
YoY Change 6.17% 7.73%
Gross Profit $8.025B $32.25B
YoY Change -3.82% 1.11%
Gross Profit Margin 61.25% 62.55%
Selling, General & Admin $2.838B $11.19B
YoY Change -3.89% -1.97%
% of Gross Profit 35.36% 34.69%
Research & Development $1.682B $6.774B
YoY Change -1.81% 3.44%
% of Gross Profit 20.96% 21.01%
Depreciation & Amortization $430.0M $1.957B
YoY Change -12.07% 144.63%
% of Gross Profit 5.36% 6.07%
Operating Expenses $4.593B $18.27B
YoY Change -3.2% -4.13%
Operating Profit $3.432B $13.98B
YoY Change -4.64% 8.9%
Interest Expense $36.00M $116.0M
YoY Change -81.05% -73.27%
% of Operating Profit 1.05% 0.83%
Other Income/Expense, Net -$54.00M $392.0M
YoY Change 80.0% -8.62%
Pretax Income $3.416B $14.48B
YoY Change -8.54% 9.16%
Income Tax $601.0M $2.665B
% Of Pretax Income 17.59% 18.41%
Net Earnings $2.815B $11.81B
YoY Change -6.45% 11.53%
Net Earnings / Revenue 21.49% 22.91%
Basic Earnings Per Share $2.83
Diluted Earnings Per Share $680.4K $2.818M
COMMON SHARES
Basic Shares Outstanding 4.109B shares 4.170B shares
Diluted Shares Outstanding 4.192B shares

Balance Sheet

Concept 2022 Q3 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.27B $19.27B
YoY Change -21.42% -21.42%
Cash & Equivalents $7.079B $7.079B
Short-Term Investments $12.19B $12.19B
Other Short-Term Assets $4.355B $4.355B
YoY Change 50.74% 192.48%
Inventory $2.568B $2.568B
Prepaid Expenses
Receivables $6.622B $6.622B
Other Receivables $3.905B $3.905B
Total Short-Term Assets $36.72B $36.72B
YoY Change -6.12% -6.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.997B $1.997B
YoY Change -14.59% -41.83%
Goodwill $38.30B
YoY Change 0.36%
Intangibles $2.569B
YoY Change -29.01%
Long-Term Investments
YoY Change
Other Assets $10.41B $10.41B
YoY Change 107.46% 25.66%
Total Long-Term Assets $57.29B $57.29B
YoY Change -1.88% -1.88%
TOTAL ASSETS
Total Short-Term Assets $36.72B $36.72B
Total Long-Term Assets $57.29B $57.29B
Total Assets $94.00B $94.00B
YoY Change -3.58% -3.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.281B $2.281B
YoY Change -3.43% -3.43%
Accrued Expenses $3.316B $3.316B
YoY Change -20.19% -20.19%
Deferred Revenue $12.78B
YoY Change 5.24%
Short-Term Debt $600.0M $600.0M
YoY Change
Long-Term Debt Due $1.099B $1.099B
YoY Change -56.18% -56.18%
Total Short-Term Liabilities $25.64B $25.64B
YoY Change -2.35% -2.35%
LONG-TERM LIABILITIES
Long-Term Debt $8.416B $8.416B
YoY Change -6.68% -6.68%
Other Long-Term Liabilities $20.17B $20.17B
YoY Change 743.0% -3.08%
Total Long-Term Liabilities $28.59B $28.59B
YoY Change 150.54% -4.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.64B $25.64B
Total Long-Term Liabilities $28.59B $28.59B
Total Liabilities $54.23B $54.23B
YoY Change -3.54% -3.54%
SHAREHOLDERS EQUITY
Retained Earnings -$1.319B
YoY Change 101.68%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.77B $39.77B
YoY Change
Total Liabilities & Shareholders Equity $94.00B $94.00B
YoY Change -3.58% -3.58%

Cashflow Statement

Concept 2022 Q3 2022
OPERATING ACTIVITIES
Net Income $2.815B $11.81B
YoY Change -6.45% 11.53%
Depreciation, Depletion And Amortization $430.0M $1.957B
YoY Change -12.07% 144.63%
Cash From Operating Activities $3.677B $13.23B
YoY Change -18.36% -14.42%
INVESTING ACTIVITIES
Capital Expenditures -$139.0M -$477.0M
YoY Change -14.2% -168.93%
Acquisitions $373.0M
YoY Change
Other Investing Activities $1.008B $2.030B
YoY Change 97.65% 3525.0%
Cash From Investing Activities $869.0M $1.553B
YoY Change 149.71% -129.39%
FINANCING ACTIVITIES
Cash Dividend Paid $6.200B
YoY Change 0.0%
Common Stock Issuance & Retirement, Net -$2.134B -$7.721B
YoY Change -445.61%
Debt Paid & Issued, Net $3.550B
YoY Change 18.33%
Cash From Financing Activities -3.676B -16.14B
YoY Change 62.01% 34.08%
NET CHANGE
Cash From Operating Activities 3.677B 13.23B
Cash From Investing Activities 869.0M 1.553B
Cash From Financing Activities -3.676B -16.14B
Net Change In Cash 870.0M -1.363B
YoY Change -66.32% -27.11%
FREE CASH FLOW
Cash From Operating Activities $3.677B $13.23B
Capital Expenditures -$139.0M -$477.0M
Free Cash Flow $3.816B $13.70B
YoY Change -18.22% -7.17%

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CY2022 us-gaap Fiscal Period
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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 and fiscal 2020 were each 52-week fiscal years, and fiscal 2021 was a 53-week fiscal year.
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain reclassifications have been made to the amounts for prior years in order to conform to the current year’s presentation. We have evaluated subsequent events through the date that the financial statements were issued.
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
800000000 usd
CY2022Q3 us-gaap Lessor Sales Type Lease Term Of Contract1
LessorSalesTypeLeaseTermOfContract1
P4Y
CY2022Q3 us-gaap Financing Receivable Threshold Period Past Due
FinancingReceivableThresholdPeriodPastDue
P31D
CY2022 csco Financing Receivable Threshold For Not Accruing Interest
FinancingReceivableThresholdForNotAccruingInterest
P120D
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
800000000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
900000000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
219000000 usd
CY2022Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
43000000 usd
CY2021Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
55000000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
268000000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
187000000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">(x) Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">   The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States requires management to make estimates and judgments that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Estimates are used for the following, among others:</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.46pt">Revenue recognition</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.46pt">Allowances for accounts receivable, sales returns, and financing receivables</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.46pt">Inventory valuation and liability for purchase commitments with contract manufacturers and suppliers</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.46pt">Loss contingencies and product warranties</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.46pt">Fair value measurements</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.46pt">Goodwill and purchased intangible asset impairments</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">▪</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.46pt">Income taxes</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The inputs into certain of our judgments, assumptions, and estimates considered the economic implications of the COVID-19 pandemic, including the associated impact of supply constraints, 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, 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.</span></div>
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
136000000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
64000000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
51557000000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
49818000000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
49301000000 usd
CY2022 csco Revenue From Contract With Customer Payment Terms
RevenueFromContractWithCustomerPaymentTerms
P30D
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6600000000 usd
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5800000000 usd
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
109000000 usd
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
143000000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
21000000 usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
55000000 usd
CY2022 csco Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
81000000 usd
CY2021 csco Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
29000000 usd
CY2020 csco Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
48000000 usd
CY2022 csco Accounts Receivable Allowance For Credit Loss Translation And Other Adjustment
AccountsReceivableAllowanceForCreditLossTranslationAndOtherAdjustment
-9000000 usd
CY2021 csco Accounts Receivable Allowance For Credit Loss Translation And Other Adjustment
AccountsReceivableAllowanceForCreditLossTranslationAndOtherAdjustment
-26000000 usd
CY2020 csco Accounts Receivable Allowance For Credit Loss Translation And Other Adjustment
AccountsReceivableAllowanceForCreditLossTranslationAndOtherAdjustment
0 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
83000000 usd
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
109000000 usd
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
143000000 usd
CY2022Q3 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
1386000000 usd
CY2021Q3 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
1457000000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
23300000000 usd
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22200000000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12000000000 usd
CY2021Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
1000000000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
1000000000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
679000000 usd
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
532000000 usd
CY2022 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
3 acquisition
CY2020 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
359000000 usd
CY2022 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
3 acquisition
CY2022 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
364000000 usd
CY2022Q3 csco Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Excluding Intangible Assets And Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedExcludingIntangibleAssetsAndGoodwill
12000000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
20000000 usd
CY2022Q3 us-gaap Goodwill Gross
GoodwillGross
332000000 usd
CY2022 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
7000000 usd
CY2021 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
7455000000 usd
CY2021Q3 csco Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Excluding Intangible Assets And Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedExcludingIntangibleAssetsAndGoodwill
312000000 usd
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
2914000000 usd
CY2021Q3 us-gaap Goodwill Gross
GoodwillGross
4229000000 usd
CY2021 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
338000000 usd
CY2020 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
6 acquisition
CY2021Q3 us-gaap Goodwill
Goodwill
38168000000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
332000000 usd
CY2022 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-196000000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
38304000000 usd
CY2020Q3 us-gaap Goodwill
Goodwill
33806000000 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4214000000 usd
CY2021 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
148000000 usd
CY2021Q3 us-gaap Goodwill
Goodwill
38168000000 usd
CY2022 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
3 acquisition
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
20000000 usd
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
2914000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4026000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1887000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2139000000 usd
CY2022Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
430000000 usd
CY2022Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
430000000 usd
CY2022Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4456000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1887000000 usd
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2569000000 usd
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5087000000 usd
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1973000000 usd
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3114000000 usd
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
505000000 usd
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
505000000 usd
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5592000000 usd
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1973000000 usd
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3619000000 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
15000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
900000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
773000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
403000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
61000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2000000 usd
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
33000000 usd
CY2020 us-gaap Restructuring Charges
RestructuringCharges
481000000 usd
CY2020 us-gaap Payments For Restructuring
PaymentsForRestructuring
327000000 usd
CY2020 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-115000000 usd
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
72000000 usd
CY2021 us-gaap Restructuring Charges
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886000000 usd
CY2021 us-gaap Payments For Restructuring
PaymentsForRestructuring
890000000 usd
CY2021 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-34000000 usd
CY2021Q3 us-gaap Restructuring Reserve
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34000000 usd
CY2022 us-gaap Restructuring Charges
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6000000 usd
CY2022 us-gaap Payments For Restructuring
PaymentsForRestructuring
25000000 usd
CY2022 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-6000000 usd
CY2022Q3 us-gaap Restructuring Reserve
RestructuringReserve
9000000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7079000000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9175000000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 usd
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
14000000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1500000000 usd
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
753000000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8579000000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9942000000 usd
CY2022Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1601000000 usd
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
801000000 usd
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
150000000 usd
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
54000000 usd
CY2022Q3 csco Inventory Finished Goods Deferred Cost Of Sales Net Of Reserves
InventoryFinishedGoodsDeferredCostOfSalesNetOfReserves
86000000 usd
CY2021Q3 csco Inventory Finished Goods Deferred Cost Of Sales Net Of Reserves
InventoryFinishedGoodsDeferredCostOfSalesNetOfReserves
97000000 usd
CY2022Q3 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
631000000 usd
CY2021Q3 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
422000000 usd
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
717000000 usd
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
519000000 usd
CY2022Q3 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
90000000 usd
CY2021Q3 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
174000000 usd
CY2022Q3 csco Inventory Demonstration Systems Net Of Reserves
InventoryDemonstrationSystemsNetOfReserves
10000000 usd
CY2021Q3 csco Inventory Demonstration Systems Net Of Reserves
InventoryDemonstrationSystemsNetOfReserves
11000000 usd
CY2022Q3 us-gaap Inventory Net
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CY2021Q3 us-gaap Inventory Net
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1559000000 usd
CY2022Q3 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
185000000 usd
CY2021Q3 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
273000000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10165000000 usd
CY2021Q3 us-gaap Property Plant And Equipment Gross
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10918000000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8168000000 usd
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8580000000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1997000000 usd
CY2021Q3 us-gaap Property Plant And Equipment Net
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2338000000 usd
CY2022Q3 us-gaap Contract With Customer Liability
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CY2021Q3 us-gaap Contract With Customer Liability
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CY2022Q3 us-gaap Revenue Remaining Performance Obligation
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31539000000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
31539000000 usd
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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CY2022Q3 us-gaap Revenue Remaining Performance Obligation
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CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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CY2022Q3 us-gaap Revenue Remaining Performance Obligation
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CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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CY2022Q3 us-gaap Revenue Remaining Performance Obligation
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CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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CY2021Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.54
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.53
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
30893000000 usd
CY2022Q3 us-gaap Contract With Customer Liability
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CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2022Q3 us-gaap Contract With Customer Liability Current
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CY2021Q3 us-gaap Contract With Customer Liability Current
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CY2022Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
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CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
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CY2022Q3 us-gaap Contract With Customer Liability
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CY2021Q3 us-gaap Contract With Customer Liability
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CY2022Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
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CY2021Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
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727000000 usd
CY2022Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Noncurrent
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CY2021Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Noncurrent
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CY2022Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
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CY2021Q3 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
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6910000000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2021Q3 us-gaap Operating Lease Right Of Use Asset
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CY2022Q3 us-gaap Operating Lease Liability Current
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CY2021Q3 us-gaap Operating Lease Liability Current
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CY2022Q3 us-gaap Operating Lease Liability Noncurrent
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724000000 usd
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2022Q3 us-gaap Operating Lease Liability
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1046000000 usd
CY2022Q3 us-gaap Lessor Sales Type Lease Term Of Contract1
LessorSalesTypeLeaseTermOfContract1
P4Y
CY2021Q3 us-gaap Operating Lease Liability
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1168000000 usd
CY2022 us-gaap Operating Lease Cost
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390000000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
399000000 usd
CY2022 us-gaap Short Term Lease Cost
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66000000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
65000000 usd
CY2022 us-gaap Variable Lease Cost
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
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CY2022Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
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CY2021Q3 us-gaap Property Subject To Or Available For Operating Lease Gross
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CY2021Q3 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
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CY2021Q3 us-gaap Property Subject To Or Available For Operating Lease Net
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CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received
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CY2021Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
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CY2022Q3 us-gaap Debt Instrument Carrying Amount
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78000000 usd
CY2021Q3 us-gaap Derivative Fair Value Of Derivative Asset
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126000000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability
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89000000 usd
CY2021Q3 us-gaap Derivative Fair Value Of Derivative Liability
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CY2022Q3 us-gaap Derivative Notional Amount
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CY2021Q3 us-gaap Derivative Notional Amount
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CY2022Q3 us-gaap Derivative Collateral Obligation To Return Cash
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CY2021Q3 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2022Q3 us-gaap Derivative Asset After Offset Subject To Master Netting Arrangement
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CY2021Q3 us-gaap Derivative Liability After Offset Subject To Master Netting Arrangement
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CY2022 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
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Foreign Currency Exchange Risk<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We conduct business globally in numerous currencies. Therefore, we are exposed to adverse movements in foreign currency exchange rates. To limit the exposure related to foreign currency changes, we enter into foreign currency contracts. We do not enter into such contracts for speculative purposes.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We hedge forecasted foreign currency transactions related to certain revenues, operating expenses and service cost of sales with currency options and forward contracts. These currency options and forward contracts, designated as cash flow hedges, generally have maturities of less than 24 months. The derivative instrument’s gain or loss is initially reported as a component of accumulated other comprehensive income (AOCI) and subsequently reclassified into earnings when the hedged exposure affects earnings.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We enter into foreign exchange forward and option contracts to reduce the short-term effects of foreign currency fluctuations on assets and liabilities such as foreign currency receivables, long-term customer financings and payables. These derivatives are not designated as hedging instruments. Gains and losses on the contracts are included in other income (loss), net, and substantially offset foreign exchange gains and losses from the remeasurement of intercompany balances, other current assets, or liabilities denominated in currencies other than the functional currency of the reporting entity.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We hedge certain net investments in our foreign operations with forward contracts to reduce the effects of foreign currency fluctuations on our net investment in those foreign subsidiaries. These derivative instruments generally have maturities of up to six months.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(d)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:5.78pt">Interest Rate Risk</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We hold interest rate swaps designated as fair value hedges related to fixed-rate senior notes that are due in fiscal 2024</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">through 2025. Under these interest rate swaps, we receive fixed-rate interest payments and make interest payments based on LIBOR plus a fixed number of basis points. The effect of such swaps is to convert the fixed interest rates of the senior fixed-rate notes to floating interest rates based on LIBOR. The gains and losses related to changes in the fair value of the interest rate swaps are included in interest expense and substantially offset changes in the fair value of the hedged portion of the underlying debt that are attributable to the changes in market interest rates. </span></div><div style="margin-top:6pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(e)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:6.91pt">Equity Price Risk </span></div>We hold marketable equity securities in our portfolio that are subject to price risk. To diversify our overall portfolio, we also hold equity derivatives that are not designated as accounting hedges. The change in the fair value of each of these investment types are included in other income (loss), net.
CY2022 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
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We are also exposed to variability in compensation charges related to certain deferred compensation obligations to employees. Although not designated as accounting hedges, we utilize derivatives such as total return swaps to economically hedge this exposure and offset the related compensation expense.
CY2020 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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CY2022 us-gaap Product Warranty Accrual Payments
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CY2022Q3 csco Estimated Future Cash Compensation Expense Maximum Amount
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468000000 usd
CY2021Q3 us-gaap Product Warranty Accrual
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CY2020Q3 us-gaap Product Warranty Accrual
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CY2019Q3 us-gaap Product Warranty Accrual
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415000000 usd
CY2021 us-gaap Product Warranty Accrual Warranties Issued
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496000000 usd
CY2020 us-gaap Product Warranty Accrual Warranties Issued
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CY2021 us-gaap Product Warranty Accrual Payments
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491000000 usd
CY2020 us-gaap Product Warranty Accrual Payments
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CY2021Q3 us-gaap Product Warranty Accrual
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CY2020Q3 us-gaap Product Warranty Accrual
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CY2022 csco Channel Partner Financing Volume Gross Billings
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CY2021 csco Channel Partner Financing Volume Gross Billings
ChannelPartnerFinancingVolumeGrossBillings
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CY2020 csco Channel Partner Financing Volume Gross Billings
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CY2022Q3 csco Channel Partner Financing Subject To Guarantees
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CY2021Q3 csco Channel Partner Financing Subject To Guarantees
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CY2022 us-gaap Guarantees Indemnifications And Warranties Policies
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<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the normal course of business, we have indemnification obligations to other parties, including customers, lessors, and parties to other transactions with us, with respect to certain matters. We have agreed to indemnify against losses arising from a breach of representations or covenants or out of intellectual property infringement or other claims made against certain parties. These agreements may limit the time or circumstances within which an indemnification claim can be made and the amount of the claim.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">It is not possible to determine the maximum potential amount for claims made under the indemnification obligations due to uncertainties in the litigation process, coordination with and contributions by other parties and the defendants in these types of cases, and the unique facts and circumstances involved in each particular case and agreement. Historically, indemnity payments made by us have not had a material effect on our Consolidated Financial Statements.</span></div>
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
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1.50
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
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1.46
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2022 us-gaap Payments Of Dividends
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CY2021 us-gaap Payments Of Dividends
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6200000000 usd
CY2020 us-gaap Payments Of Dividends
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CY2022Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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15200000000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
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CY2022 csco Stock Repurchase Program Weighted Average Price Per Share Of Stock Repurchased In Period
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52.82
CY2022 us-gaap Stock Repurchased And Retired During Period Value
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44.36
CY2020 us-gaap Stock Repurchased And Retired During Period Value
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CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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4300000000 usd
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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0.210
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.027
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.008
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.015
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
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CY2021 csco Effective Income Tax Rate Reconciliation Deduction Foreign Intangible Income
EffectiveIncomeTaxRateReconciliationDeductionForeignIntangibleIncome
0.042
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.197
CY2022Q3 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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