Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Cisco Systems Inc., balance sheet: property, plant and equipment

US$ in millions

	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021	Jul 25, 2020	Jul 27, 2019	Jul 28, 2018
Land, buildings, and building and leasehold improvements	4,229)	4,219)	4,304)	4,252)	4,545)	4,710)
Computer equipment and related software	744)	779)	858)	875)	922)	1,085)
Production, engineering, and other equipment	4,611)	4,647)	5,106)	5,163)	5,711)	5,734)
Operating lease assets	135)	185)	273)	337)	485)	356)
Furniture, fixtures and other	339)	335)	377)	387)	376)	358)
Gross property and equipment	10,058)	10,165)	10,918)	11,014)	12,039)	12,243)
Accumulated depreciation and amortization	(7,973)	(8,168)	(8,580)	(8,561)	(9,250)	(9,237)
Property and equipment, net	2,085)	1,997)	2,338)	2,453)	2,789)	3,006)

Based on: 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28).

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Item	Description	The company
Gross property and equipment	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Cisco Systems Inc. gross property and equipment decreased from 2021 to 2022 and from 2022 to 2023.
Property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Cisco Systems Inc. property and equipment, net decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Cisco Systems Inc., asset age ratios

	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021	Jul 25, 2020	Jul 27, 2019	Jul 28, 2018
Average age ratio	79.27%	80.35%	78.59%	77.73%	76.83%	75.45%
Estimated total useful life (years)	14	13	14	12	12	11
Estimated age, time elapsed since purchase (years)	11	10	11	10	9	8
Estimated remaining life (years)	3	2	3	3	3	3

Based on: 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28).

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Cisco Systems Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Cisco Systems Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Cisco Systems Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Estimated remaining life		Cisco Systems Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021	Jul 25, 2020	Jul 27, 2019	Jul 28, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	7,973)	8,168)	8,580)	8,561)	9,250)	9,237)
Gross property and equipment	10,058)	10,165)	10,918)	11,014)	12,039)	12,243)
Asset Age Ratio
Average age¹	79.27%	80.35%	78.59%	77.73%	76.83%	75.45%

Based on: 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28).

2023 Calculations

¹ Average age = 100 × Accumulated depreciation and amortization ÷ Gross property and equipment
= 100 × 7,973 ÷ 10,058 = 79.27%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Cisco Systems Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021	Jul 25, 2020	Jul 27, 2019	Jul 28, 2018
Selected Financial Data (US$ in millions)
Gross property and equipment	10,058)	10,165)	10,918)	11,014)	12,039)	12,243)
Depreciation and amortization expenses for property and equipment	700)	800)	800)	900)	1,000)	1,100)
Asset Age Ratio (Years)
Estimated total useful life¹	14	13	14	12	12	11

Based on: 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28).

2023 Calculations

¹ Estimated total useful life = Gross property and equipment ÷ Depreciation and amortization expenses for property and equipment
= 10,058 ÷ 700 = 14

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Cisco Systems Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021	Jul 25, 2020	Jul 27, 2019	Jul 28, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	7,973)	8,168)	8,580)	8,561)	9,250)	9,237)
Depreciation and amortization expenses for property and equipment	700)	800)	800)	900)	1,000)	1,100)
Asset Age Ratio (Years)
Time elapsed since purchase¹	11	10	11	10	9	8

Based on: 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28).

2023 Calculations

¹ Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization expenses for property and equipment
= 7,973 ÷ 700 = 11

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Cisco Systems Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021	Jul 25, 2020	Jul 27, 2019	Jul 28, 2018
Selected Financial Data (US$ in millions)
Property and equipment, net	2,085)	1,997)	2,338)	2,453)	2,789)	3,006)
Depreciation and amortization expenses for property and equipment	700)	800)	800)	900)	1,000)	1,100)
Asset Age Ratio (Years)
Estimated remaining life¹	3	2	3	3	3	3

Based on: 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28).

2023 Calculations

¹ Estimated remaining life = Property and equipment, net ÷ Depreciation and amortization expenses for property and equipment
= 2,085 ÷ 700 = 3

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Asset age ratio	Description	The company
Estimated remaining life		Cisco Systems Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Cisco Systems Inc. (NASDAQ:CSCO)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life