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Pay vs Performance Disclosure
12 Months Ended
Jul. 29, 2023
USD ($)
Jul. 30, 2022
USD ($)
Jul. 31, 2021
USD ($)
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table and footnotes set forth the “total compensation” earned by our CEO (referred to in the tables below and related information as our principal executive officer (“PEO”)) and the average “total compensation” earned by our named executive officers other than our CEO (“Non-PEO NEOs”) as reported in the Summary Compensation Table for the past three fiscal years, as well as the “Compensation Actually Paid,” as calculated pursuant to Item 402(v) of Regulation S-K, and certain performance measures required by the rules.
Fiscal
Year
(a)
Summary
Compensation
Table Total
for PEO(1)
($)
(b)
Compensation
Actually Paid
to PEO(1)(2)(3)
($)
(c)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs(1)
($)
(d)
Average
Compensation
Actually Paid
to Non-PEO
NEOs(1)(2)(3)
($)
(e)
Value of Initial Fixed
$100 Investment
based on:(4)
Net Income
($ millions)
(h)
EPS(5)
($)
(i)
TSR
($)
(f)
Peer Group
TSR
($)
(g)
2023
$ 31,843,708 $ 74,562,431 $ 13,576,781 $ 28,288,977 $ 123.09 $ 176.00 $ 12,613 $ 3.80
2022
$ 29,283,936 $ 6,127,283 $ 12,122,712 $ 5,217,104 $ 103.83 $ 138.92 $ 11,812 $ 3.34
2021
$ 25,446,695 $ 32,079,813 $ 10,298,861 $ 12,708,231 $ 123.13 $ 147.03 $ 10,591 $ 3.21
(1) Mr. Robbins was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each fiscal year presented are listed below.
2021
2022
2023
R. Scott Herren
R. Scott Herren
R. Scott Herren
Gerri Elliott
Maria Martinez
Maria Martinez
Maria Martinez
Jeff Sharritts
Jeff Sharritts
Kelly A. Kramer
Dev Stahlkopf
Dev Stahlkopf
Irving Tan
Gerri Elliott
Mark Chandler
(2) The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by our named executive officers, including with respect to equity awards, which remain subject to forfeiture if the vesting conditions are not satisfied. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
(3) Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for our PEO and our Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table.
Fiscal
Year
Summary
Compensation
Table Total
for PEO
($)
Exclusion of
Stock Awards
for PEO
($)
Inclusion of
Equity Values
for PEO
($)
Compensation
Actually Paid
to PEO
($)
2023
$ 31,843,708 $ (24,108,979) $ 66,827,702 $ 74,562,431
2022
$ 29,283,936 $ (24,866,549) $ 1,709,896 $ 6,127,283
2021
$ 25,446,695 $ (19,415,798) $ 26,048,916 $ 32,079,813
Fiscal
Year
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Average
Exclusion of
Stock Awards
for Non-PEO
NEOs
($)
Average
Inclusion of
Equity Values
for Non-PEO
NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2023
$ 13,576,781 $ (10,487,753) $ 25,199,949 $ 28,288,977
2022
$ 12,122,712 $ (9,942,041) $ 3,036,433 $ 5,217,104
2021
$ 10,298,861 $ (7,342,152) $ 9,751,522 $ 12,708,231
The amounts in the Inclusion of Equity Values in the tables above are derived as set forth in the following tables:
Fiscal
Year
Year-End Fair
Value of Equity
Awards Granted
During Year
That Remained
Unvested as of
Last Day of
Year for PEO
($)
Change in Fair
Value from Last
Day of Prior Year
to Last Day of
Year of Unvested
Equity Awards
for PEO
($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During
Year for PEO
($)
Change in Fair
Value from Last
Day of Prior Year
to Vesting Date
of Unvested Equity
Awards that
Vested During
Year for PEO
($)
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited During
Year for PEO
($)
Total – Inclusion
of Equity
Values for PEO
($)
2023
$ 57,762,830 $ 8,727,749 $    — $ 337,123 $    — $ 66,827,702
2022
$ 16,875,440 $ (15,886,837) $ $ 721,293 $ $ 1,709,896
2021
$ 28,198,290 $ 2,222,353 $ $ (4,371,727) $ $ 26,048,916
Fiscal
Year
Average Year-End
Fair Value of
Equity Awards
Granted During
Year That
Remained
Unvested as of
Last Day of
Year for
Non-PEO NEOs
($)
Average Change
in Fair Value
from Last Day
of Prior Year
to Last Day
of Year of
Unvested Equity
Awards for
Non-PEO NEOs
($)
Average Vesting-
Date Fair Value
of Equity Awards
Granted During
Year that Vested
During Year for
Non-PEO NEOs
($)
Average Change
in Fair Value
from Last Day of
Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)
Average Fair
Value at Last
Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-PEO NEOs
($)
Total – Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
2023
$ 22,072,806 $ 2,932,186 $    — $ 194,957 $    — $ 25,199,949
2022
$ 7,230,448 $ (4,318,030) $ $ 124,015 $ $ 3,036,433
2021
$ 10,562,991 $ 745,146 $ $ (1,225,433) $ (331,182) $ 9,751,522
(4) The Peer Group TSR set forth in this table utilizes the S&P 500 Information Technology Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the 2023 fiscal year. The comparison assumes $100 was invested for the period from July 25, 2020 through the end of our listed fiscal year and of the S&P 500 Information Technology Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5) We determined EPS to be the most important financial performance measure used to link company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in fiscal 2023 and therefore selected this measure as the fiscal 2023 “Company-Selected Measure” as defined in Item 402(v) of Regulation S-K. More information on EPS, including an explanation of the determination of EPS pursuant to the fiscal 2023 PRSUs and pursuant to the Compensation Committee’s exercise of negative discretion, can be found in the CD&A above. This performance measure may not have been the most important financial performance measure for years 2021 and 2022 and we may determine a different financial performance measure to be the most important financial performance measure in future years.
   
Company Selected Measure Name EPS    
Named Executive Officers, Footnote
(1) Mr. Robbins was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each fiscal year presented are listed below.
2021
2022
2023
R. Scott Herren
R. Scott Herren
R. Scott Herren
Gerri Elliott
Maria Martinez
Maria Martinez
Maria Martinez
Jeff Sharritts
Jeff Sharritts
Kelly A. Kramer
Dev Stahlkopf
Dev Stahlkopf
Irving Tan
Gerri Elliott
Mark Chandler
   
Peer Group Issuers, Footnote
(4) The Peer Group TSR set forth in this table utilizes the S&P 500 Information Technology Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the 2023 fiscal year. The comparison assumes $100 was invested for the period from July 25, 2020 through the end of our listed fiscal year and of the S&P 500 Information Technology Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
   
PEO Total Compensation Amount $ 31,843,708 $ 29,283,936 $ 25,446,695
PEO Actually Paid Compensation Amount $ 74,562,431 6,127,283 32,079,813
Adjustment To PEO Compensation, Footnote Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for our PEO and our Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table.
Fiscal
Year
Summary
Compensation
Table Total
for PEO
($)
Exclusion of
Stock Awards
for PEO
($)
Inclusion of
Equity Values
for PEO
($)
Compensation
Actually Paid
to PEO
($)
2023
$ 31,843,708 $ (24,108,979) $ 66,827,702 $ 74,562,431
2022
$ 29,283,936 $ (24,866,549) $ 1,709,896 $ 6,127,283
2021
$ 25,446,695 $ (19,415,798) $ 26,048,916 $ 32,079,813
The amounts in the Inclusion of Equity Values in the tables above are derived as set forth in the following tables:
Fiscal
Year
Year-End Fair
Value of Equity
Awards Granted
During Year
That Remained
Unvested as of
Last Day of
Year for PEO
($)
Change in Fair
Value from Last
Day of Prior Year
to Last Day of
Year of Unvested
Equity Awards
for PEO
($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During
Year for PEO
($)
Change in Fair
Value from Last
Day of Prior Year
to Vesting Date
of Unvested Equity
Awards that
Vested During
Year for PEO
($)
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited During
Year for PEO
($)
Total – Inclusion
of Equity
Values for PEO
($)
2023
$ 57,762,830 $ 8,727,749 $    — $ 337,123 $    — $ 66,827,702
2022
$ 16,875,440 $ (15,886,837) $ $ 721,293 $ $ 1,709,896
2021
$ 28,198,290 $ 2,222,353 $ $ (4,371,727) $ $ 26,048,916
   
Non-PEO NEO Average Total Compensation Amount $ 13,576,781 12,122,712 10,298,861
Non-PEO NEO Average Compensation Actually Paid Amount $ 28,288,977 5,217,104 12,708,231
Adjustment to Non-PEO NEO Compensation Footnote Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for our PEO and our Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table.
Fiscal
Year
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Average
Exclusion of
Stock Awards
for Non-PEO
NEOs
($)
Average
Inclusion of
Equity Values
for Non-PEO
NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2023
$ 13,576,781 $ (10,487,753) $ 25,199,949 $ 28,288,977
2022
$ 12,122,712 $ (9,942,041) $ 3,036,433 $ 5,217,104
2021
$ 10,298,861 $ (7,342,152) $ 9,751,522 $ 12,708,231
The amounts in the Inclusion of Equity Values in the tables above are derived as set forth in the following tables:
Fiscal
Year
Average Year-End
Fair Value of
Equity Awards
Granted During
Year That
Remained
Unvested as of
Last Day of
Year for
Non-PEO NEOs
($)
Average Change
in Fair Value
from Last Day
of Prior Year
to Last Day
of Year of
Unvested Equity
Awards for
Non-PEO NEOs
($)
Average Vesting-
Date Fair Value
of Equity Awards
Granted During
Year that Vested
During Year for
Non-PEO NEOs
($)
Average Change
in Fair Value
from Last Day of
Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)
Average Fair
Value at Last
Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-PEO NEOs
($)
Total – Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
2023
$ 22,072,806 $ 2,932,186 $    — $ 194,957 $    — $ 25,199,949
2022
$ 7,230,448 $ (4,318,030) $ $ 124,015 $ $ 3,036,433
2021
$ 10,562,991 $ 745,146 $ $ (1,225,433) $ (331,182) $ 9,751,522
   
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Cisco’s Cumulative TSR
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our cumulative TSR over the three most recently completed fiscal years.
[MISSING IMAGE: bc_tsr-pn.jpg]
   
Compensation Actually Paid vs. Net Income
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our net income during the three most recently completed fiscal years.
[MISSING IMAGE: bc_netincome-pn.jpg]
   
Compensation Actually Paid vs. Company Selected Measure
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and EPS
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and EPS, our “Company-Selected Measure” as defined in Item 402(v) of Regulation S-K, during the three most recently completed fiscal years.
[MISSING IMAGE: bc_eps-pn.jpg]
   
Total Shareholder Return Vs Peer Group
Relationship Between Cisco’s Cumulative TSR and Peer Group TSR
The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the S&P 500 Information Technology Index over the same period.
[MISSING IMAGE: lc_tsr-pn.jpg]
   
Tabular List, Table
Financial Performance Measures
As described in greater detail in the CD&A above, our executive compensation program reflects Cisco’s pay-for-performance compensation philosophy. The following table presents the financial performance measures, each as further described in the CD&A above, that we consider to have been the most important in linking Compensation Actually Paid to our PEO and other named executive officers for fiscal 2023 to our performance.
Revenue
Operating Income
Operating Cash Flow
EPS
Relative TSR
Product ARR
   
Total Shareholder Return Amount $ 123.09 103.83 123.13
Peer Group Total Shareholder Return Amount 176 138.92 147.03
Net Income (Loss) $ 12,613,000,000 $ 11,812,000,000 $ 10,591,000,000
Company Selected Measure Amount 3.8 3.34 3.21
PEO Name Mr. Robbins    
Measure:: 1      
Pay vs Performance Disclosure      
Name Revenue    
Non-GAAP Measure Description
(5) We determined EPS to be the most important financial performance measure used to link company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in fiscal 2023 and therefore selected this measure as the fiscal 2023 “Company-Selected Measure” as defined in Item 402(v) of Regulation S-K. More information on EPS, including an explanation of the determination of EPS pursuant to the fiscal 2023 PRSUs and pursuant to the Compensation Committee’s exercise of negative discretion, can be found in the CD&A above. This performance measure may not have been the most important financial performance measure for years 2021 and 2022 and we may determine a different financial performance measure to be the most important financial performance measure in future years.
   
Measure:: 2      
Pay vs Performance Disclosure      
Name Operating Income    
Measure:: 3      
Pay vs Performance Disclosure      
Name Operating Cash Flow    
Measure:: 4      
Pay vs Performance Disclosure      
Name EPS    
Measure:: 5      
Pay vs Performance Disclosure      
Name Relative TSR    
Measure:: 6      
Pay vs Performance Disclosure      
Name Product ARR    
PEO [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 66,827,702 $ 1,709,896 $ 26,048,916
PEO [Member] | Value Of Equity Awards Granted During Year That Remained Unvested as Of Last Day [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 57,762,830 16,875,440 28,198,290
PEO [Member] | Value From Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 8,727,749 (15,886,837) 2,222,353
PEO [Member] | Value From Last Day of Prior Year to Vesting Date of Unvested Equity Awards That Vested During Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 337,123 721,293 (4,371,727)
PEO [Member] | Total Stock Awards Adjustments [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (24,108,979) (24,866,549) (19,415,798)
PEO [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 66,827,702 1,709,896 26,048,916
Non-PEO NEO | Total Stock Awards Adjustments [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (10,487,753) (9,942,041) (7,342,152)
Non-PEO NEO | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 25,199,949 3,036,433 9,751,522
Non-PEO NEO | Value Of Equity Awards Granted During Year That Remained Unvested as Of Last Day [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 22,072,806 7,230,448 10,562,991
Non-PEO NEO | Value From Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 2,932,186 (4,318,030) 745,146
Non-PEO NEO | Value From Last Day of Prior Year to Vesting Date of Unvested Equity Awards That Vested During Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 194,957 $ 124,015 (1,225,433)
Non-PEO NEO | Value At Last Day of Prior Year of Equity Awards Forfeited During Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     $ (331,182)