CISCO SYSTEMS, INC. Goodwill & Intangibles Disclosure
| Balance at July 27, 2024 | Acquisitions, net of Divestitures | Foreign Currency Translation and Other | Balance at July 26, 2025 | ||||||||||||||||||||
| Americas | $ | 36,169 | $ | 121 | $ | 178 | $ | 36,468 | |||||||||||||||
| EMEA | 14,283 | 47 | 67 | 14,397 | |||||||||||||||||||
| APJC | 8,208 | 23 | 40 | 8,271 | |||||||||||||||||||
| Total | $ | 58,660 | $ | 191 | $ | 285 | $ | 59,136 | |||||||||||||||
| Balance at July 29, 2023 | Splunk | Other Acquisitions | Foreign Currency Translation and Other | Balance at July 27, 2024 | |||||||||||||||||||||||||
| Americas | $ | 24,035 | $ | 11,619 | $ | 573 | $ | (58) | $ | 36,169 | |||||||||||||||||||
| EMEA | 9,118 | 4,980 | 207 | (22) | 14,283 | ||||||||||||||||||||||||
| APJC | 5,382 | 2,702 | 137 | (13) | 8,208 | ||||||||||||||||||||||||
| Total | $ | 38,535 | $ | 19,301 | $ | 917 | $ | (93) | $ | 58,660 | |||||||||||||||||||
| FINITE LIVES | INDEFINITE LIVES | TOTAL | |||||||||||||||||||||||||||||||||||||||||||||
| CUSTOMER RELATED | TECHNOLOGY | TRADE NAME | IPR&D | ||||||||||||||||||||||||||||||||||||||||||||
| Fiscal 2025 | Weighted- Average Useful Life (in Years) | Amount | Weighted- Average Useful Life (in Years) | Amount | Weighted- Average Useful Life (in Years) | Amount | Amount | Amount | |||||||||||||||||||||||||||||||||||||||
| Total acquisitions | 3.5 | $ | 16 | 3.8 | $ | 105 | — | $ | — | $ | — | $ | 121 | ||||||||||||||||||||||||||||||||||
| FINITE LIVES | INDEFINITE LIVES | TOTAL | |||||||||||||||||||||||||||||||||||||||||||||
| CUSTOMER RELATED | TECHNOLOGY | TRADE NAME | IPR&D | ||||||||||||||||||||||||||||||||||||||||||||
| Fiscal 2024 | Weighted- Average Useful Life (in Years) | Amount | Weighted- Average Useful Life (in Years) | Amount | Weighted- Average Useful Life (in Years) | Amount | Amount | Amount | |||||||||||||||||||||||||||||||||||||||
| Splunk | 9.1 | $ | 6,140 | 6.0 | $ | 3,900 | 12.0 | $ | 510 | $ | — | $ | 10,550 | ||||||||||||||||||||||||||||||||||
| Others | 4.9 | 83 | 4.8 | 400 | 1.3 | 3 | 14 | 500 | |||||||||||||||||||||||||||||||||||||||
| Total acquisitions | $ | 6,223 | $ | 4,300 | $ | 513 | $ | 14 | $ | 11,050 | |||||||||||||||||||||||||||||||||||||
| July 26, 2025 | Gross | Accumulated Amortization | Net | |||||||||||||||||
| Purchased intangible assets with finite lives: | ||||||||||||||||||||
| Customer related | $ | 6,341 | $ | (1,268) | $ | 5,073 | ||||||||||||||
| Technology | 5,254 | (1,606) | 3,648 | |||||||||||||||||
| Trade name | 526 | (72) | 454 | |||||||||||||||||
| Total purchased intangible assets with finite lives | 12,121 | (2,946) | 9,175 | |||||||||||||||||
| In-process research and development, with indefinite lives | — | — | — | |||||||||||||||||
| Total | $ | 12,121 | $ | (2,946) | $ | 9,175 | ||||||||||||||
| July 27, 2024 | Gross | Accumulated Amortization | Net | |||||||||||||||||
| Purchased intangible assets with finite lives: | ||||||||||||||||||||
| Customer related | $ | 6,844 | $ | (829) | $ | 6,015 | ||||||||||||||
| Technology | 6,680 | (2,006) | 4,674 | |||||||||||||||||
| Trade name | 553 | (49) | 504 | |||||||||||||||||
| Total purchased intangible assets with finite lives | 14,077 | (2,884) | 11,193 | |||||||||||||||||
| In-process research and development, with indefinite lives | 26 | — | 26 | |||||||||||||||||
| Total | $ | 14,103 | $ | (2,884) | $ | 11,219 | ||||||||||||||
| Years Ended | July 26, 2025 | July 27, 2024 | July 29, 2023 | |||||||||||||||||
| Amortization of purchased intangible assets: | ||||||||||||||||||||
| Cost of sales | $ | 1,174 | $ | 955 | $ | 649 | ||||||||||||||
| Operating expenses | 1,028 | 698 | 282 | |||||||||||||||||
| Total | $ | 2,202 | $ | 1,653 | $ | 931 | ||||||||||||||
| Fiscal Year | Amount | ||||
| 2026 | $ | 1,828 | |||
| 2027 | 1,480 | ||||
| 2028 | 1,401 | ||||
| 2029 | 1,275 | ||||
| 2030 | 991 | ||||
| Thereafter | 2,200 | ||||
| Total | $ | 9,175 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 3, 2025 | Showing above |
| 2024 | Sep 5, 2024 | |
| 2023 | Sep 7, 2023 | |
| 2022 | Sep 8, 2022 | |
| 2021 | Sep 9, 2021 | |
| 2020 | Sep 3, 2020 | |
| 2019 | Sep 5, 2019 | |
| 2018 | Sep 6, 2018 | |
| 2017 | Sep 7, 2017 | |
| 2016 | Sep 8, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.