CISCO SYSTEMS, INC. | 2013 | FY | 3


The following table presents a reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended July 28, 2012 (in millions):
 
Asset-Backed
Securities
 
Derivative
Assets
 
Total
Balance at July 30, 2011
$
121

 
$
2

 
$
123

Total gains and losses (realized and unrealized):
 
 
 
 
 
Included in other income (loss), net
3

 

 
3

Included in other comprehensive income
(3
)
 

 
(3
)
Sales
(14
)
 
(1
)
 
(15
)
Transfer into Level 2
(107
)
 

 
(107
)
Balance at July 28, 2012
$

 
$
1

 
$
1

The Company’s asset-backed securities, prior to being sold, were reclassified from Level 3 to Level 2 during fiscal 2012, as circumstances indicated an increase in market activity, and related observable market data was available for these financial assets.

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