Analysis of Debt

Cisco Systems Inc., balance sheet: debt

US$ in millions

	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021	Jul 25, 2020	Jul 27, 2019	Jul 28, 2018
Short-term debt	1,733)	1,099)	2,508)	3,005)	10,191)	5,238)
Long-term debt, excluding current portion	6,658)	8,416)	9,018)	11,578)	14,475)	20,331)
Total debt (carrying amount)	8,391)	9,515)	11,526)	14,583)	24,666)	25,569)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Cisco Systems Inc. total debt decreased from 2021 to 2022 and from 2022 to 2023.

	Jul 29, 2023
Selected Financial Data (US$ in millions)
Commercial paper	—)
Senior notes	8,700)
Total debt (fair value)	8,700)
Financial Ratio
Debt, fair value to carrying amount ratio	1.04

Weighted-average effective rate on debt: 4.78%

Interest rate	Debt amount¹	Interest rate × Debt amount
2.27%	750)	17)
6.08%	1,000)	61)
6.38%	500)	32)
3.01%	750)	23)
2.55%	1,500)	38)
6.11%	2,000)	122)
5.67%	2,000)	113)
Total	8,500)	406)
4.78%

¹ US$ in millions

² Weighted-average interest rate = 100 × 406 ÷ 8,500 = 4.78%

Cisco Systems Inc. (NASDAQ:CSCO)