CSCO · 10-Q · 2026Q2 · Full report
Commercial Paper Trends
CISCO SYSTEMS, INC. · 2026-05-19 · Importance 89 · Surprise 82 · Matches filing data
Cisco had $8.4 billion of commercial paper outstanding as of April 25, 2026, compared with $3.5 billion at July 26, 2025. The $4.9 billion increase represented the principal source of net financing cash during the first nine months of fiscal 2026. Cisco’s commercial-paper program permits up to $15.0 billion of notes for general corporate purposes.
Key facts
- Commercial paper program available capacity: up to $15.0 billion. source
- Net issuance of commercial paper in the first nine months of fiscal 2026: $4.9 billion. source
- Commercial paper outstanding as of April 25, 2026: $8.4 billion. source
- Commercial paper outstanding as of July 26, 2025: $3.5 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -3.9% | Net issuance of commercial paper in the first nine months of fiscal 2026: $4.9 billion. |