CSCO · 10-K · 2026A · Full report
Outstanding Indebtedness
CISCO SYSTEMS, INC. · 2026-09-02 · Importance 81 · Surprise 64 · Contradicted
Senior fixed-rate notes totaled $23.0 billion at July 25, 2026, down from $24.75 billion a year earlier after $1.75 billion of notes matured in February 2026. Commercial paper outstanding increased 91% to $6.7 billion from $3.5 billion, against a $15.0 billion issuance capacity. The company had no borrowings under its $5.0 billion unsecured revolving credit agreement and remained compliant with all debt covenants. Contractual obligations included $23.002 billion of long-term debt, with $3.502 billion due within one year and $12.5 billion due after five years.
Key facts
- Cisco had senior fixed-rate notes maturing between 2028 and 2064 with various coupons and principal amounts totaling $23,000 million as of July 25, 2026. source
- Long-term debt principal shown in contractual obligations table: $23,002 million, with $3,502 million due less than 1 year, $3,500 million due in 1 to 3 years, $3,500 million due in 3 to 5 years, and $12,500 million due in more than 5 years. source
- Total principal amount of senior fixed-rate notes as of July 25, 2026: $23,000 million. source
- Total principal amount of senior fixed-rate notes as of July 26, 2025: $24,750 million. source
- Cisco had a 4.80% senior fixed-rate note maturing February 26, 2027 with principal $2,000 million outstanding as of July 25, 2026. source
- Total debt was $29,533 million in fiscal 2026 compared with $28,093 million in fiscal 2025. source
- Cisco had a 2.50% senior fixed-rate note maturing September 20, 2026 with principal $1,500 million outstanding as of July 25, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +1.4% | Long-term debt principal shown in contractual obligations table: $23,002 million, with $3,502 million due less than 1 year, $3,500 million… |
| liability | negative | realized | -1.2% | Cisco had a 2.50% senior fixed-rate note maturing September 20, 2026 with principal $1,500 million outstanding as of July 25, 2026. |
| liability | negative | realized | -1.1% | Total debt was $29,533 million in fiscal 2026 compared with $28,093 million in fiscal 2025. |
| liability | negative | realized | — | Cisco had a 4.80% senior fixed-rate note maturing February 26, 2027 with principal $2,000 million outstanding as of July 25, 2026. |