CSCO · 10-K · 2026A · Full report
Commercial Paper Trends
CISCO SYSTEMS, INC. · 2026-09-02 · Importance 81 · Surprise 64 · In source text
Cisco maintained a commercial paper program with capacity of up to $15.0 billion for general corporate purposes. Commercial paper outstanding increased to $6.7 billion at July 25, 2026 from $3.5 billion at July 26, 2025, an increase of approximately 91%. Cisco also had $23.0 billion of senior fixed-rate notes outstanding at July 25, 2026 and remained compliant with all debt covenants.
Key facts
- Cisco has a short-term debt financing program with up to $15.0 billion available through the issuance of commercial paper notes. source
- Commercial paper notes outstanding as of July 25, 2026: $6.7 billion. source
- Commercial paper notes outstanding as of July 26, 2025: $3.5 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | — | Commercial paper notes outstanding as of July 25, 2026: $6.7 billion. |