cisco-annual-report-2021
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17. Comprehensive Income (Loss)
The components of AOCI, net of tax, and the other comprehensive income (loss) are summarized as follows (in millions):
Net Unrealized
Gains (Losses)
on Availablefor-Sale
Investments
Net Unrealized
Gains (Losses)
Cash Flow
Hedging
Instruments
Cumulative
Translation
Adjustment and
Actuarial Gains
and Losses
Accumulated
Other
Comprehensive
Income (Loss)
BALANCE AT JULY 28, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (310) $ (11) $ (528) $ (849)
Other comprehensive income (loss) before reclassifications. . . . 560 — (267) 293
(Gains) losses reclassified out of AOCI. . . . . . . . . . . . . . . . . . . . 13 (3) 2 12
Tax benefit (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (95) — 15 (80)
Total change for the period. . . . . . . . . . . . . . . . . . . . . . . . . . . 478 (3) (250) 225
Effect of adoption of accounting standard. . . . . . . . . . . . . . . . . . (168) — — (168)
BALANCE AT JULY 27, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (14) (778) (792)
Other comprehensive income (loss) before reclassifications. . . . 420 7 (51) 376
(Gains) losses reclassified out of AOCI. . . . . . . . . . . . . . . . . . . . (42) 1 6 (35)
Tax benefit (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (63) — (5) (68)
BALANCE AT JULY 25, 2020. . . . . . . . . . . . . . . . . . . . . . . . . . . . 315 (6) (828) (519)
Other comprehensive income (loss) before
reclassifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (141) 20 229 108
(Gains) losses reclassified out of AOCI . . . . . . . . . . . . . . . . . . (53) (14) 3 (64)
Tax benefit (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 (1) (2) 58
BALANCE AT JULY 31, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 182 $ (1) $ (598) $ (417)
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