diff --git "a/processed/FinQABench/corpus.jsonl" "b/processed/FinQABench/corpus.jsonl" new file mode 100644--- /dev/null +++ "b/processed/FinQABench/corpus.jsonl" @@ -0,0 +1,460 @@ +{ + "_id": "d4aa0660c", + "title": "", + "text": "Apple Inc.\nCONSOLIDATED STATEMENTS OF OPERATIONS\n(In millions, except number of shares which are reflected in thousands and per share amounts)\nYears ended\nSeptember 24,\n2022September 25,\n2021September 26,\n2020\nNet sales:\n Products $ 316,199 $ 297,392 $ 220,747 \n Services 78,129 68,425 53,768 \nTotal net sales 394,328 365,817 274,515 \nCost of sales:\n Products 201,471 192,266 151,286 \n Services 22,075 20,715 18,273 \nTotal cost of sales 223,546 212,981 169,559 \nGross margin 170,782 152,836 104,956 \nOperating expenses:\nResearch and development 26,251 21,914 18,752 \nSelling, general and administrative 25,094 21,973 19,916 \nTotal operating expenses 51,345 43,887 38,668 \nOperating income 119,437 108,949 66,288 \nOther income/(expense), net (334) 258 803 \nIncome before provision for income taxes 119,103 109,207 67,091 \nProvision for income taxes 19,300 14,527 9,680 \nNet income $ 99,803 $ 94,680 $ 57,411 \nEarnings per share:\nBasic $ 6.15 $ 5.67 $ 3.31 \nDiluted $ 6.11 $ 5.61 $ 3.28 \nShares used in computing earnings per share:\nBasic 16,215,963 16,701,272 17,352,119 \nDiluted 16,325,819 16,864,919 17,528,214 \nSee accompanying Notes to Consolidated Financial Statements.\nApple Inc. | 2022 Form 10-K | 29\n\nApple.\n STATEMENTS sales 316,199,392 220\n Services 78,129 68,425 53,768\n sales,328 365,817 274,515\n 201,471 192,266 151,286\n Services 22,075 20,715 18,273\n 223,546 212,981 169,559\n margin 170,782 152,836 104,956\n expenses\n Research development 26,251 21,914 18,752\n 25,094 21,973\n 51,345 43,887 38,668\n income 119,437 108,949 66,288\n 119,103 109,207 67,091\n 14,527 99,803 94,680\n Earnings share.\n.\n 16,215,963 16,701,272 17,352,119\n,325,819,864,919 17,528 Financial Statements.\n. 10-K" +} +{ + "_id": "d4aa04834", + "title": "", + "text": " to \ncover all losses or all types of claims that may arise.\nThe Company is subject to complex and changing laws and regulations worldwide, which exposes the Company to \npotential liabilities, increased costs and other adverse effects on the Company’s business.\nThe Company’s global operations are subject to complex and changing laws and regulations on subjects, including antitrust; \nprivacy, data security and data localization; consumer protection; advertising, sales, billing and e-commerce; financial services \nand technology; product liability; intellectual property ownership and infringement; digital platforms; internet , telecommunications, \nand mobile communications; media, television, film and digital content; availability of third-party software applications and \nservices; labor and employment; anticorruption; import, export and trade; foreign exchange controls and cash repatriation \nrestrictions; anti–money laundering; foreign ownership and investment; tax; and environmental, health and safety, including \n\n\n\n losses claims.\n Company laws\n liabilities costs adverse effects.\n global operations antitrust\n privacy security consumer protection advertising sales billing e financial services\n liability property infringement digital platforms internet telecommunications\n media content third-party\n labor employment anticorruption import export trade foreign exchange cash\n anti–money laundering foreign ownership investment tax environmental health safety\n" +} +{ + "_id": "d4aa01288", + "title": "", + "text": "The Company’s operations are also subject to the risks of industrial accidents at its suppliers and contract manufacturers. While \nthe Company’s suppliers are required to maintain safe working environments and operations, an industrial accident could occur \nand could result in serious injuries or loss of life, disruption to the Company’s business, and harm to the Company’s reputation. \nMajor public health issues, including pandemics such as the COVID-19 pandemic, have adversely affected, and could in the \nfuture materially adversely affect, the Company due to their impact on the global economy and demand for consumer products; \nthe imposition of protective public safety measures, such as stringent employee travel restrictions and limitations on freight \nservices and the movement of products between regions; and disruptions in the Company’s supply chain and sales and \ndistribution channels, resulting in interruptions of the supply of current products and delays in production ramps of new products.\n\n\nCompany’s operations to risks industrial accidents at suppliers contract manufacturers.\n suppliers maintain safe environments industrial accident could\n injuries disruption business harm reputation.\n public health issues COVID-19 affected\n Company impact global economy demand consumer products\n public safety measures employee travel restrictions limitations freight\n movement disruptions supply chain sales\n distribution channels interruptions delays production new products.\n" +} +{ + "_id": "d4aa0a270", + "title": "", + "text": " such election by written consent, other than to fill a vacancy created by \nremoval, requires the consent of a majority of the outstanding shares entitled to vote thereon.\nAn amendment of the Bylaws or the Articles may be adopted by the vote of the majority of the outstanding \nshares entitled to vote. Any amendment of the Bylaws specifying or changing a fixed number of directors or the \nmaximum or minimum number or changing from a fixed to a variable board or vice versa may only be adopted by the \nshareholders; provided, however, that an amendment of the Bylaws or the Articles reducing the fixed number or the \nminimum number of directors to less than five cannot be adopted if the votes cast against its adoption are equal to \nmore than 16 2/3% of the outstanding shares entitled to vote.Exhibit 4.1\n\nelection by written consent vacancy\n removal requires consent majority outstanding shares vote.\n amendment Bylaws or Articles adopted by vote majority outstanding\n shares. amendment fixed number directors\n maximum minimum number variable board adopted by\n shareholders amendment\n minimum directors less than five if votes against equal\n 16 2/3% outstanding shares. Exhibit 4. 1" +} +{ + "_id": "d4aa09b4a", + "title": "", + "text": "rant, dated as of August 20, 2020, including \nforms of global notes representing the 0.550% Notes due 2025, 1.25% Notes \ndue 2030, 2.400% Notes due 2050 and 2.550% Notes due 2060.8-K 4.1 8/20/20\n4.25 Officer’s Certificate of the Registrant, dated as of  February 8, 2021, including \nforms of global notes representing the 0.700% Notes due 2026, 1.200% Notes \ndue 2028, 1.650% Notes due 2031, 2.375% Notes due 2041, 2.650% Notes \ndue 2051 and 2.800% Notes due 2061.8-K 4.1 2/8/21\n4.26 Officer’s Certificate of the Registrant, dated as of August 5, 2021, including forms \nof global notes representing the\n\nAugust 20 2020\n global notes. 550% 2025. 25%\n 2030. 400% 2050. 550% 2060.\n. 25 Certificate Registrant February 8 2021\n notes. 700% 2026. 200%\n 2028. 650% 2031. 375% 2041. 650%\n 2051. 800% 2061./21\n. 26 Certificate August 5 2021\n global notes" +} +{ + "_id": "d4aa00266", + "title": "", + "text": " of consumers and businesses. Many of \nthe Company’s competitors seek to compete primarily through aggressive pricing and very low cost structures, and by imitating \nthe Company’s products and infringing on its intellectual property.\nThe Company’s ability to compete successfully depends heavily on ensuring the continuing and timely introduction of innovative \nnew products, services and technologies to the marketplace. The Company designs and develops nearly the entire solution for \nits products, including the hardware, operating system, numerous software applications and related services. Principal \ncompetitive factors important to the Company include price, product and service features (including security features), relative \nprice and performance, product and service quality and reliability, design innovation, a strong third-party software and \naccessories ecosystem, marketing and distribution capability, service and support, and corporate reputation.\nApple Inc. | 2022 Form 10-K | 2\n\nconsumers businesses.\n competitors aggressive pricing low cost\n products intellectual property.\n depends innovative\n products services technologies. Company designs develops\n products hardware operating system software services.\n competitive factors price features\n performance quality reliability design innovation third-party software\n accessories ecosystem marketing distribution capability service support corporate reputation.\n Apple Inc. 2022 Form 10-K" +} +{ + "_id": "d4aa0dc22", + "title": "", + "text": "•modify any of the provisions in the applicable Indenture regarding the waiver of past defaults and the \nwaiver of certain covenants by the holders of Notes except to increase any percentage vote required or \nto provide that certain other provisions of the applicable Indenture cannot be modified or waived without \nthe consent of the holder of each Notes affected thereby;\n•make any change that adversely affects the right to convert or exchange any debt security or decreases \nthe conversion or exchange rate or increases the conversion price of any convertible or exchangeable \ndebt security, unless such decrease or increase is permitted by the terms of the debt securities; or\n•modify any of the above provisions.\nWe and the trustee may, without the consent of any holders, modify or amend the terms of the Indentures \nand any series of Notes with respect to the following:\n•to add to our covenants for the benefit of holders of all or any series of the Notes\n\n•modify provisions Indenture waiver defaults\n covenants holders Notes except increase percentage vote\n provide other provisions without\n consent holder Notes\n change affects right to convert exchange debt security decreases\n conversion rate increases conversion price\n security unless permitted by terms debt securities\n •modify provisions.\n trustee may without consent holders modify amend terms Indentures\n series Notes\n add covenants for benefit holders Notes" +} +{ + "_id": "d4aa017ba", + "title": "", + "text": " compete, current extensive patent coverage and the rapid rate of issuance of new patents, the \nCompany’s products and services can unknowingly infringe existing patents or intellectual property rights of others. From time to \ntime, the Company has been notified that it may be infringing certain patents or other intellectual property rights of third parties. \nBased on experience and industry practice, the Company believes licenses to such third-party intellectual property can generally \nbe obtained on commercially reasonable terms. However, there can be no assurance the necessary licenses can be obtained on \ncommercially reasonable terms or at all. Failure to obtain the right to use third-party intellectual property, or to use such \nintellectual property on commercially reasonable terms, can preclude the Company from selling certain products or services, or \notherwise have a material adverse impact on the Company’s business, results of operations and financial condition.\nApple Inc. | 2022 Form 10-K | 9\n\npatent coverage rapid issuance new patents\n Company’s products services can infringe patents intellectual property rights.\n Company notified patents intellectual property rights third parties.\n believes licenses third-party intellectual property\n obtained commercially reasonable terms. no licenses\n. Failure obtain right use third-party intellectual property\n preclude selling products services\n business results financial condition.\n Apple Inc. 2022 Form 10-K" +} +{ + "_id": "d4aa09cb2", + "title": "", + "text": "\nPlan effective as of September 26, 2017.10-K 10.20 9/30/17\n10.6* Form of Restricted Stock Unit Award Agreement under Non-Employee Director \nStock Plan effective as of February 13, 2018.10-Q 10.2 3/31/18\n10.7* Form of Restricted Stock Unit Award Agreement under 2014 Employee Stock \nPlan effective as of August 21, 2018.10-K 10.17 9/29/18\n10.8* Form of Performance Award Agreement under 2014 Employee Stock Plan \neffective as of August 21, 2018.10-K 10.18 9/29/18\n10.9* Form of Restricted Stock Unit Award Agreement under 2014 Employee Stock \nPlan effective as of September 29, 2019.10-K 10.15 9/28/19\n10.10* Form of Performance Award Agreement under 2014 Employee Stock Plan \neffective as of September 29,\n\n\n Plan September 26, 2017. 20 9/30/17\n. Restricted Stock Unit Award Non-Employee Director\n Stock Plan February 13, 2018. 3/31/18\n. Stock Award 2014\n August 21, 2018./29/18\n. Performance Award Agreement\n August 21, 2018./29/18\n. Award\n September 29, 2019. 9/28/19\n. Performance Award Agreement\n September" +} +{ + "_id": "d4aa071ba", + "title": "", + "text": "�OI&E”) on a straight-line basis over the life of the hedge. Changes in the fair value of amounts excluded from the \nassessment of hedge effectiveness are recognized in OCI.\nGains and losses arising from changes in the fair values of derivative instruments that are not designated as accounting hedges \nare recognized in the Consolidated Statements of Operations line items to which the derivative instruments relate.\nThe Company presents derivative assets and liabilities at their gross fair values in the Consolidated Balance Sheets. The \nCompany classifies cash flows related to derivative instruments as operating activities in the Consolidated Statements of Cash \nFlows.\nFair Value Measurements\nThe fair values of the Company’s money market funds and certain marketable equity securities are based on quoted prices in \nactive markets for identical assets. The valuation techniques used to measure the fair value of the Company’s debt instruments \nand all other financial instruments, which generally\n\nstraight-line hedge. Changes fair value excluded\n hedge recognized OCI.\n Gains losses values derivative instruments\n recognized Consolidated Statements Operations.\n Company presents derivative assets liabilities fair values Balance Sheets.\n classifies cash flows derivative instruments operating activities\n.\n Value values money market funds equity securities based quoted prices\n markets identical assets. valuation techniques debt instruments\n financial instruments" +} +{ + "_id": "d4aa0a0ea", + "title": "", + "text": " Directors, the \nChair of the Board of Directors or the Chief Executive Officer or (ii) one or more holders of shares \nentitled to cast not less than ten percent (10%) of the votes on the record date established pursuant to \nthe Company’s Bylaws, provided that the shareholder(s) satisfy requirements in the Bylaws.\nIn addition, as a California corporation, the Company is subject to the provisions of Section 1203 of the \nCalifornia General Corporation Law, which requires it to provide a fairness opinion to its shareholders in connection \nwith their consideration of any proposed “interested party” reorganization transaction.\nListing\nThe Company’s Common Stock is listed on The Nasdaq Stock Market LLC under the trading symbol \n“AAPL.”\n2\n\nDirectors\n Chair Chief Executive Officer holders shares\n cast (10%) votes record date\n Company’s Bylaws satisfy.\n California corporation Company subject Section 1203\n California General Corporation Law fairness opinion shareholders\n “interested party” reorganization transaction.\n Company’s Common Stock Nasdaq Stock Market trading\n “AAPL.\n" +} +{ + "_id": "d4aa197ca", + "title": "", + "text": "by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed in Part I, Item 1A of this Form 10-K under the heading “Risk Factors.” The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law. Unless otherwise stated, all information presented herein is based on the Company’s fiscal calendar, and references to particular years, quarters, months or periods refer to the Company’s fiscal years ended in September and the associated quarters, months and periods of those fiscal years. Each of the terms the “Company” and “Apple” as used herein refers collectively to Apple Inc. and its wholly owned subsidiaries, unless otherwise stated. PART I Item 1. Business Company Background The Company designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. The Company’s fiscal year is the 52- or 53-week period that ends on the last Saturday of September. Products iPhone iPhone is the Company’s line of smartphones based on its iOS operating system. The iPhone line includes iPhone 14 Pro, iPhone 14, iPhone 13, iPhone SE , iPhone 12 and iPhone 11. Mac Mac is the Company’s line of personal computers based on its macOS operating system. The Mac line includes laptops MacBook Air and MacBook Pro , as well as desktops iMac , Mac mini , Mac Studio™ and Mac Pro . iPad iPad is the Company’s line of multipurpose tablets based on its iPadOS operating system. The iPad line includes iPad Pro , iPad Air , iPad and iPad mini . Wearables, Home and Accessories Wearables, Home and Accessories includes: • AirPods , the Company’s wireless headphones, including AirPods, AirPods Pro and AirPods Max™; • Apple TV , the Company’s media streaming and gaming device based on its tvOS operating system, including Apple TV 4K and Apple TV HD; • Apple Watch , the Company’s line of smartwatches based on its watchOS operating system, including Apple Watch Ultra™, Apple Watch Series 8 and Apple Watch SE ; and • Beats products, HomePod mini and accessories. ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® Apple Inc. | 2022 Form 10-K | 1 Services Advertising The Company’s advertising services include various third-party licensing arrangements and the Company’s own advertising platforms. AppleCare The Company offers a portfolio of fee-based service and support products under the AppleCare brand. The offerings provide priority access to Apple technical support, access to the global Apple authorized service network for repair and replacement services, and in many cases additional coverage for instances of accidental damage and\\/or theft and loss, depending on the country and type of product. Cloud Services The Company’s cloud services store and keep customers’ content up-to-date and available across multiple Apple devices and Windows personal computers. Digital Content The Company operates various platforms, including the App Store , that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. The Company also offers digital content through subscription-based services, including Apple Arcade , a game subscription service; Apple Fitness+ , a personalized fitness service; Apple Music , which offers users a curated listening experience with on-demand radio stations; Apple News+ , a subscription news and magazine service; and Apple TV+ , which offers exclusive original content and live sports. Payment Services The Company offers payment services, including Apple Card , a co-branded credit card, and Apple Pay , a cashless payment service. Markets and Distribution The Company’s customers are primarily in the consumer, small and mid-sized business, education, enterprise and government markets. The Company sells its products and resells third-party products in most of its major markets directly to consumers, small and mid-sized businesses, and education, enterprise and government customers through its retail and online stores and its direct sales force. The Company also employs a variety of indirect distribution channels, such as third-party cellular network carriers, wholesalers, retailers and resellers. During 2022, the Company’s net sales through its direct and indirect distribution channels accounted for 38% and 62%, respectively, of total net sales. Competition The markets for the Company’s products and services are highly competitive, and are characterized by aggressive price competition and resulting downward pressure on gross margins, frequent introduction of new products and services, short product life cycles, evolving industry standards, continual improvement in product price and performance characteristics, rapid adoption of technological advancements by competitors, and price sensitivity on the part of consumers and businesses. Many of the Company’s competitors seek to compete primarily through aggressive pricing and very low cost structures, and by imitating the Company’s products and infringing on its intellectual property. The Company’s ability to compete successfully depends heavily on ensuring the continuing and timely introduction of innovative new products, services and technologies to the marketplace. The Company designs and develops nearly the entire solution for its products, including the hardware, operating system, numerous software applications and related services. Principal competitive factors important to the Company include price, product and service features (including security features), relative price and performance, product and service quality and reliability, design innovation, a strong third-party software and accessories ecosystem, marketing and distribution capability, service and support, and corporate reputation. ® ® ® SM ® ® ® ® ® Apple Inc. | 2022 Form 10-K | 2 The Company is focused on expanding its market opportunities related to smartphones, personal computers, tablets, wearables and accessories, and services. The Company faces substantial competition in these markets from companies that have significant technical, marketing, distribution and other resources, as well as established hardware, software, and service offerings with large customer bases. In addition, some of the Company’s competitors have broader product lines, lower-priced products and a larger installed base of active devices. Competition has been particularly intense as competitors have aggressively cut prices and lowered product margins. Certain competitors have the resources, experience or cost structures to provide products at little or no profit or even at a loss. The Company’s services compete with business models that provide content to users for free and use illegitimate means to obtain third-party digital content and applications. The Company faces significant competition as competitors imitate the Company’s product features and applications within their products, or collaborate to offer integrated solutions that are more competitive than those they currently offer. Supply of Components Although most components essential to the Company’s business are generally available from multiple sources, certain components are currently obtained from single or limited sources. The Company also competes for various components with other participants in the markets for smartphones, personal computers, tablets, wearables and accessories. Therefore, many components used by the Company, including those that are available from multiple sources, are at times subject to industry-wide shortage and significant commodity pricing fluctuations. The Company uses some custom components that are not commonly used by its competitors, and new products introduced by the Company often utilize custom components available from only one source. When a component or product uses new technologies, initial capacity constraints may exist until the suppliers’ yields have matured or their manufacturing capacities have increased. The continued availability of these components at acceptable prices, or at all, may be affected if suppliers decide to concentrate on the production of common components instead of components customized to meet the Company’s requirements. The Company has entered into agreements for the supply of many components; however, there can be no guarantee that the Company will be able to extend or renew these agreements on similar terms, or at all. Substantially all of the Company’s hardware products are manufactured by outsourcing partners that are located primarily in Asia, with some Mac computers manufactured in the U.S. and Ireland. Research and Development Because the industries in which the Company competes are characterized by rapid technological advances, the Company’s ability to compete successfully depends heavily upon its ability to ensure a continual and timely flow of competitive products, services and technologies to the marketplace. The Company continues to develop new technologies to enhance existing products and services, and to expand the range of its offerings through research\n\n“future “anticipates “believes “expects “predicts. statements not guarantees future performance results may differ. Factors differences include Part I Item 1A Form 10-K “Risk Factors. Company no obligation to revise update forward statements except required by law. information based fiscal calendar references years quarters months periods refer years ended September. “Company” “Apple” refers Apple Inc. subsidiaries. PART I Item 1. Business Company Background designs manufactures markets smartphones personal computers tablets wearables accessories sells services. fiscal year 52- or 53-week period ends last Saturday September. iPhone smartphones iOS. includes 14 Pro 13, SE 12 11. Mac personal computers macOS. laptops MacBook Air Pro desktops iMac Mac mini Mac StudioTM Mac Pro. iPad tablets iPadOS. Pro Air mini.Wearables Home Accessories includes AirPods wireless headphones Pro MaxTM Apple TV media streaming gaming device tvOS 4K HD Apple Watch smartwatches watchOS UltraTM Series 8 SE Beats products HomePod mini accessories. Apple Inc. 2022 Form 10-K 1 Services Advertising include third-party licensing advertising platforms. AppleCare fee-based service support products AppleCare brand. priority access Apple technical support global Apple authorized service network repair replacement additional coverage for accidental damage theft loss. Cloud Services services store content up-to-date Apple devices Windows computers. Digital Content operates platforms App Store applications digital content. offers digital content subscription-based services Apple Arcade game Apple Fitness+ Apple Music Apple News+ Apple TV+ content live sports. Payment Services services Apple Card Apple Pay cashless. Markets Distribution customers in consumer small mid-sized business education enterprise government markets.Company sells resells third-party markets consumers small mid-sized businesses education enterprise government customers retail online stores direct sales force. employs indirect distribution channels carriers wholesalers retailers resellers. 2022 net sales direct indirect 38% 62% total net sales. markets products services competitive aggressive price competition pressure gross margins new short life cycles evolving industry standards improvement price performance rapid technological advancements price. competitors aggressive pricing low cost structures products intellectual property. innovative new products services technologies. designs develops products hardware operating system software services. competitive factors price features performance quality reliability design innovation strong third software accessories ecosystem marketing distribution capability service support corporate reputation. Apple Inc. 2022 expanding market opportunities smartphones personal computers tablets wearables accessories services. faces competition technical marketing distribution resources established hardware software large customer bases.competitors have broader lines lower-priced larger active devices. Competition intense competitors cut prices lowered margins. competitors resources cost structures provide products at little no profit loss. services compete with content free illegitimate-party content applications. faces competition competitors imitate features applications integrated solutions competitive. Supply of Components components essential available from multiple sources certain from single limited sources. competes for components with smartphones computers tablets wearables accessories. components subject to industry-wide shortage commodity pricing fluctuations. uses custom components new products utilize custom components from one source. new technologies capacity constraints may exist until suppliers’ yields matured manufacturing capacities increased. availability if suppliers common components instead. agreements for supply components no guarantee agreements. hardware products manufactured by outsourcing partners in Asia some Mac computers manufactured in U. S. Ireland.Research Development industries Company competes rapid technological advances depends continual flow competitive products services technologies marketplace. new technologies enhance products services offerings through research" +} +{ + "_id": "d4aa08c36", + "title": "", + "text": " China were the only countries that accounted for more than 10% of the Company’s net sales in 2022 , 2021 and \n2020 . Net sales for 2022 , 2021 and 2020 and long-lived assets as of September 24, 2022 and September 25, 2021 were as \nfollows (in millions):\n2022 2021 2020\nNet sales:\nU.S. $ 147,859 $ 133,803 $ 109,197 \nChina (1) 74,200 68,366 40,308 \nOther countries 172,269 163,648 125,010 \nTotal net sales $ 394,328 $ 365,817 $ 274,515 \n2022 2021\nLong-lived assets:\nU.S. $ 31,119 $ 28,203 \nChina (1) 7,260 7,521 \nOther countries 3,738 3,7\n\n10% net sales 2022\n.-lived assets September 24 25 2021\n sales. 147,859 133,803 109,197\n China 74,200 68,366 40,308\n 172,269 163,648 125,010\n sales,328 365,817 274,515\n-lived assets\n. 31,119 28,203\n China 7,260 7,521\n countries 3,738" +} +{ + "_id": "d4aa113f4", + "title": "", + "text": "Exhibit 32.1\nCERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER\nPURSUANT TO\n18 U.S.C. SECTION 1350,\nAS ADOPTED PURSUANT TO\nSECTION 906 OF THE SARBANES-OXLEY ACT OF 2002\nI, Timothy D. Cook, certify, as of the date hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the \nSarbanes-Oxley Act of 2002, that the Annual Report of Apple Inc. on Form 10-K for the fiscal year ended September 24, 2022 \nfully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information \ncontained in such Form 10-K fairly presents in all material respects the financial condition and results of operations of Apple Inc. \nat the dates and for the periods indicated.\nDate: October 27, 2022\nBy: /s/ Timothy D. Cook\nTimothy D. Cook\nChief Executive Officer\nI, Luca Maestri, certify, as of the date hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the \nSarbanes-Oxley Act of 2002, that the Annual Report of Apple Inc. on Form 10-K for the fiscal year ended September 24, 2022 \nfully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information \ncontained in such Form 10-K fairly presents in all material respects the financial condition and results of operations of Apple Inc. \nat the dates and for the periods indicated.\nDate: October 27, 2022\nBy: /s/ Luca Maestri\nLuca Maestri\nSenior Vice President,\nChief Financial Officer\nA signed original of this written statement required by Section 906 has been provided to Apple Inc. and will be retained by Apple \nInc. and furnished to the Securities and Exchange Commission or its staff upon request.\n\nExhibit 32.\n CERTIFICATIONS CHIEF EXECUTIVE OFFICER FINANCIAL OFFICER\n 18 U. S. C. SECTION 1350\n SECTION 906 SARBANES-OXLEY ACT 2002\n Timothy D. Cook 18. Section 1350\n-Oxley Annual Report Apple. Form 10-K fiscal year September 24 2022\n complies Section 13(a 15(d Securities Exchange Act 1934\n financial condition results operations Apple.\n periods.\n October 27, 2022\n Timothy D. Cook\n.\n Luca 18. Section 1350\n Sarbanes-Oxley Act 2002 Annual Report Apple. Form 10-K year September 24 2022\n Section 13(a 15(d Securities Exchange Act 1934\n financial condition results operations Apple.\n periods.\n October 27, 2022\n Luca Maestri\n Vice President\n Chief Financial Officer\n original statement Section 906 provided Apple. retained\n. Securities Exchange Commission." +} +{ + "_id": "d4aa067ba", + "title": "", + "text": "Apple Inc.\nCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME\n(In millions)\nYears ended\nSeptember 24,\n2022September 25,\n2021September 26,\n2020\nNet income $ 99,803 $ 94,680 $ 57,411 \nOther comprehensive income/(loss):\nChange in foreign currency translation, net of tax (1,511) 501 88 \nChange in unrealized gains/losses on derivative instruments, net of tax:\nChange in fair value of derivative instruments 3,212 32 79 \nAdjustment for net (gains)/losses realized and included in net \nincome (1,074) 1,003 (1,264) \nTotal change in unrealized gains/losses on derivative \ninstruments 2,138 1,035 (1,185) \nChange in unrealized gains/losses on marketable debt securities, net of \ntax:\nChange in fair value of marketable debt securities (12,104) (694) 1,202 \nAdjustment for net (gains)/losses realized and included in net \nincome 205 (273) (63) \nTotal change in unrealized gains/losses on marketable debt \nsecurities (11,899) (967) 1,139 \nTotal other comprehensive income/(loss) (11,272) 569 42 \nTotal comprehensive income $ 88,531 $ 95,249 $ 57,453 \nSee accompanying Notes to Consolidated Financial Statements.\nApple Inc. | 2022 Form 10-K | 30\n\nApple Inc.\n STATEMENTS INCOME\n 24\n 2020\n Net income $ 99,803 $ 94,680 $ 57,411\n foreign currency translation (1,511) 501\n unrealized gains instruments\n 3,212\n (1,074) 1,003 (1,264)\n gains\n 2,138 1,035,185\n gains securities\n (12,104) (694) 1,202\n 205 (273)\n gains\n (11,899) (967) 1,139\n income (11,272)\n income $ 88,531 $ 95,249 $ 57,453\n Financial Statements.\n Apple Inc. 2022 Form 10-K" +} +{ + "_id": "d4aa005d6", + "title": "", + "text": "The Company experiences malicious attacks and other attempts to gain unauthorized access to its systems on a regular basis. \nThese attacks seek to compromise the confidentiality, integrity or availability of confidential information or disrupt normal \nbusiness operations, and could, among other things, impair the Company’s ability to attract and retain customers for its products \nand services, impact the Company’s stock price , materially damage commercial relationships, and expose the Company to \nlitigation or government investigations, which could result in penalties, fines or judgments against the Company. Globally, attacks \nare expected to continue accelerating in both frequency and sophistication with increasing use by actors of tools and techniques \nthat are designed to circumvent controls, avoid detection, and remove or obfuscate forensic evidence, all of which hinders the \nCompany’s ability to identify, investigate and recover from incidents. In addition, attacks against the Company and its customers \ncan escalate during periods of severe diplomatic or armed conflict.\nAlthough malicious attacks perpetrated to gain access to confidential information, including personal information, affect many \ncompanies across various industries, the Company is at a relatively greater risk of being targeted because of its high profile and \nthe value of the confidential information it creates, owns, manages, stores and processes.\nThe Company has implemented systems and processes intended to secure its information technology systems and prevent \nunauthorized access to or loss of sensitive data, and mitigate the impact of unauthorized access, including through the use of \nencryption and authentication technologies. As with all companies, these security measures may not be sufficient for all \neventualities and may be vulnerable to hacking, ransomware attacks, employee error, malfeasance, system error, faulty \npassword management or other irregularities. For example, third parties can fraudulently induce the Company’s or its vendors’ \nemployees or customers into disclosing user names, passwords or other sensitive information, which can, in turn, be used for \nunauthorized access to the Company’s or its vendors’ systems and services. To help protect customers and the Company, the \nCompany deploys and makes available technologies like multifactor authentication, monitors its services and systems for \nunusual activity and may freeze accounts under suspicious circumstances, which, among other things, can result in the delay or \nloss of customer orders or impede customer access to the Company’s products and services.\nWhile the Company maintains insurance coverage that is intended to address certain aspects of data security risks, such \ninsurance coverage may be insufficient to cover all losses or all types of claims that may arise.\nInvestment in new business strategies and acquisitions could disrupt the Company’s ongoing business, present risks not \noriginally contemplated and materially adversely affect the Company’s business, reputation, results of operations and \nfinancial condition.\nThe Company has invested,\n\nCompany experiences malicious attacks attempts unauthorized access systems.\n attacks compromise confidentiality integrity information disrupt\n business operations impair customers\n impact stock price damage commercial relationships expose to\n litigation government investigations penalties fines judgments. attacks\n expected frequency sophistication increasing use tools techniques\n circumvent controls avoid detection forensic evidence\n identify investigate recover. attacks\n escalate during severe diplomatic armed conflict.\n malicious attacks affect\n companies Company greater risk high profile\n value confidential information.\n implemented systems processes secure information technology systems prevent\n unauthorized access loss sensitive data impact\n encryption authentication technologies. security measures may not sufficient\n vulnerable to hacking ransomware employee error malfeasance system error faulty\n password management irregularities. third parties can induce\n disclosing user names passwords sensitive information for\n unauthorized access systems. protect customers\nCompany deploys technologies multifactor authentication monitors services systems\n unusual activity freeze accounts suspicious delay\n loss orders access products services.\n maintains insurance coverage data security risks\n cover all losses claims.\n Investment new business strategies disrupt business risks\n affect business reputation results\n financial condition.\n Company invested" +} +{ + "_id": "d4aa05662", + "title": "", + "text": "356 35 % 19,593 \nTotal net sales $ 394,328 8 % $ 365,817 33 % $ 274,515 \nAmericas\nAmericas net sales increased during 2022 compared to 2021 due primarily to higher net sales of iPhone, Services and Mac.\nEurope\nEurope net sales increased during 2022 compared to 2021 due primarily to higher net sales of iPhone and Services. The \nweakness in foreign currencies relative to the U.S. dollar had a net unfavorable year-over-year impact on Europe net sales \nduring 2022 .\nGreater China\nGreater China net sales increased during 2022 compared to 2021 due primarily to higher net sales of iPhone and Services. The \nstrength of the renminbi relative to the U.S. dollar had a favorable year-over-year impact on Greater China net sales during 2022 .\nJapan\nJapan net sales decreased during 2022 compared to 2021 \n\n35 % 19,593\n net sales $ 394,328 8 % $ 365,817 33 % $ 274,515\n Americas\n sales increased 2022 higher iPhone Services Mac.\n Europe\n sales increased higher iPhone Services.\n weakness foreign currencies. dollar sales\n.\n Greater China\n sales increased 2022 higher iPhone Services.\n strength renminbi. dollar.\n Japan\n sales decreased" +} +{ + "_id": "d4aa05d24", + "title": "", + "text": "Other Income/(Expense), Net\nOther income/(expense), net (“OI&E”) for 2022 , 2021 and 2020 was as follows (dollars in millions):\n2022 Change 2021 Change 2020\nInterest and dividend income $ 2,825 $ 2,843 $ 3,763 \nInterest expense (2,931) (2,645) (2,873) \nOther income/(expense), net (228) 60 (87) \nTotal other income/(expense), net $ (334) (229) % $ 258 (68) % $ 803 \nThe decrease in OI&E during 2022 compared to 2021 was due primarily to higher realized losses on debt securities, unfavorable \nfair value adjustments on equity securities and higher interest expense, partially offset by higher foreign exchange gains.\nProvision for Income Taxes\nProvision for income\n\nIncome\n 2022 2021 2020\n Interest dividend income 2,825 2,843 3,763\n Interest expense (2,931) (2,645) (2,873)\n (228) 60 (87)\n (334) 258 (68) 803\n decrease losses debt\n adjustments equity higher interest expense foreign exchange gains.\n Provision Taxes\n" +} +{ + "_id": "d4aa00978", + "title": "", + "text": "The Company continues to monitor the situation and take appropriate actions in accordance with the recommendations and \nrequirements of relevant authorities. The extent to which the COVID-19 pandemic may impact the Company’s operational and \nfinancial performance remains uncertain and will depend on many factors outside the Company’s control, including the timing, \nextent, trajectory and duration of the pandemic, the emergence of new variants, the development, availability, distribution and \neffectiveness of vaccines and treatments, the imposition of protective public safety measures, and the impact of the pandemic on \nthe global economy and demand for consumer products and services. Additional future impacts on the Company may include \nmaterial adverse effects on demand for the Company’s products and services, the Company’s supply chain and sales and \ndistribution channels, the Company’s ability to execute its strategic plans, and the Company’s profitability and cost structure.\nTo the\n\nCompany actions recommendations\n requirements authorities. COVID-19 pandemic operational\n financial performance uncertain factors outside control timing\n extent trajectory duration new variants development availability distribution\n effectiveness vaccines treatments public safety measures impact\n global economy demand consumer products services. future impacts include\n adverse effects demand products services supply chain sales\n channels strategic plans profitability cost structure.\n" +} +{ + "_id": "d4aa080e2", + "title": "", + "text": " fixed payments on the Company’s operating \nleases were $1.9 billion , $1.7 billion and $1.5 billion for 2022 , 2021 and 2020 , respectively. Lease costs associated with variable \npayments on the Company’s leases were $14.9 billion , $12.9 billion and $9.3 billion for 2022 , 2021 and 2020 , respectively.\nThe Company made $1.8 billion , $1.4 billion and $1.5 billion of fixed cash payments related to operating leases in 2022 , 2021 \nand 2020 , respectively. Noncash activities involving right-of-use (“ROU”) assets obtained in exchange for lease liabilities were \n$2.8 billion for 2022 , $3.3 billion for 2021 and $10.5 billion for 2020 , including the impact of adopting the Financial Accounting \nStandards Board\n\npayments\n leases $1. 5 billion 2022 2021 2020. Lease costs\n $14. $12. billion. 3 billion.\n made $1. 4. 5 billion cash payments 2022 2021\n 2020. Noncash activities right-use assets\n $2. billion 2022 $3. 3 billion 2021 $10. 5 billion 2020 Financial Accounting\n Standards Board" +} +{ + "_id": "d4aa04474", + "title": "", + "text": " claims that may arise.\nInvestment in new business strategies and acquisitions could disrupt the Company’s ongoing business, present risks not \noriginally contemplated and materially adversely affect the Company’s business, reputation, results of operations and \nfinancial condition.\nThe Company has invested, and in the future may invest, in new business strategies or acquisitions. Such endeavors may \ninvolve significant risks and uncertainties, including distraction of management from current operations, greater-than-expected \nliabilities and expenses, economic, political, legal and regulatory challenges associated with operating in new businesses, \nregions or countries, inadequate return on capital, potential impairment of tangible and intangible assets, and significant write-\noffs. Investment and acquisition transactions are exposed to additional risks, including failing to obtain required regulatory \napprovals on a timely basis or at all, or the imposition of onerous conditions that could delay or prevent the Company from \ncompleting a transaction or otherwise limit\n\nclaims.\n Investment new business strategies acquisitions disrupt business present risks\n affect business reputation results\n financial condition.\n Company invested new business strategies acquisitions.\n involve risks uncertainties distraction management\n liabilities expenses economic political legal regulatory challenges\n inadequate return capital impairment assets write-\n offs. Investment transactions risks failing regulatory\n approvals imposition onerous conditions delay\n transaction" +} +{ + "_id": "d4aa05306", + "title": "", + "text": "\nPlans or \nProgramsApproximate \nDollar Value of\nShares That May \nYet Be Purchased\nUnder the Plans \nor Programs (1)\nJune 26, 2022 to July 30, 2022:\nOpen market and privately negotiated purchases 41,690 $ 145.91 41,690 \nJuly 31, 2022 to August 27, 2022:\nOpen market and privately negotiated purchases 54,669 $ 168.29 54,669 \nAugust 28, 2022 to September 24, 2022:\nOpen market and privately negotiated purchases 63,813 $ 155.59 63,813 \nTotal 160,172 $ 60,665 \n(1) As of September 24, 2022 , the Company was authorized by the Board of Directors to purchase up to $405 billion of the \nCompany’s common stock under a share repurchase program most recently announced on April 28, 2022 (the\n\n\n Plans Value\n Shares\n June 26, July 30,\n market purchases 41,690 $ 145.\n July 31, August 27,\n 54,669 $ 168.\n August September 24, 2022\n 63,813 $ 155.\n 160,172 $ 60,665\n September 24 Company authorized Board purchase $405 billion\n common stock repurchase program April 28, 2022" +} +{ + "_id": "d4aa0985c", + "title": "", + "text": ".100% Notes due 2062.8-K 4.1 8/8/22Incorporated by Reference\nExhibit \nNumber Exhibit Description Form ExhibitFiling Date/\nPeriod End \nDate\nApple Inc. | 2022 Form 10-K | 56\n\n. 100% Notes 2062. 8-K 8/8/22Incorporated\n Apple. 2022 10-K 56" +} +{ + "_id": "d4aa084de", + "title": "", + "text": " 2022.\n2014 Employee Stock Plan\nThe Apple Inc. 2014 Employee Stock Plan (the “2014 Plan”) is a shareholder-approved plan that provided for broad-based equity \ngrants to employees, including executive officers. The 2014 Plan permitted the granting of substantially the same types of equity \nawards with substantially the same terms as the 2022 Plan. The 2014 Plan also permitted the granting of cash bonus awards. In \nthe third quarter of 2022, the Company terminated the authority to grant new awards under the 2014 Plan.\nApple Inc. | 2022 Form 10-K | 46\n\n2022.\n 2014 Employee Stock Plan\n Apple. shareholder-approved equity\n grants employees executive officers. equity\n awards terms 2022 Plan. cash bonus awards.\n third quarter 2022 terminated authority grant awards.\n Apple. 2022 Form 10-K 46" +} +{ + "_id": "d4aa00b94", + "title": "", + "text": "’s operations. Such restrictions can \nbe announced with little or no advance notice and the Company may not be able to effectively mitigate all adverse impacts from \nsuch measures. If disputes and conflicts further escalate in the future, actions by governments in response could be significantly \nmore severe and restrictive and could materially adversely affect the Company’s business. Political uncertainty surrounding trade \nand other international disputes could also have a negative effect on consumer confidence and spending, which could adversely \naffect the Company’s business.\nMany of the Company’s operations and facilities, as well as critical business operations of the Company’s suppliers and contract \nmanufacturers, are in locations that are prone to earthquakes and other natural disasters. In addition, such operations and \nfacilities are subject to the risk of interruption by fire, power shortages, nuclear power plant accidents and other industrial \naccidents, terrorist attacks and other hostile acts, ransomware and other cybersecurity attacks, labor disputes, public health \nissues, including pandemics such as the COVID-19 pandemic, and other events beyond the Company’s control. Global climate \nchange is resulting in certain types of natural disasters occurring more frequently or with more intense effects. Such events can \nmake it difficult or impossible for the Company to manufacture and deliver products to its customers, create delays and \ninefficiencies in the Company’s supply and manufacturing chain, and result in slowdowns and outages to the Company’s service \nofferings. Following an interruption to its business, the Company can require substantial recovery time, experience significant \nexpenditures to resume operations, and lose significant sales. Because the Company relies on single or limited sources for the \nsupply and manufacture of many critical components, a business interruption affecting such sources would exacerbate any \nnegative consequences to the Company.\nApple Inc. | 2022 Form 10-K | 6\n\noperations. restrictions\n little advance notice Company mitigate adverse impacts\n. If disputes conflicts escalate actions could\n severe restrictive affect business. Political uncertainty trade\n international disputes consumer confidence spending\n business.\n operations facilities suppliers\n manufacturers in prone to earthquakes natural disasters.\n risk interruption by fire power shortages nuclear\n terrorist attacks acts ransomware cybersecurity attacks labor disputes public health\n issues pandemics events beyond control. Global climate\n change natural disasters. events\n difficult manufacture deliver products create delays\n inefficiencies supply manufacturing chain slowdowns outages service\n. interruption recovery time\n expenditures lose sales. Company relies on sources for\n supply manufacture critical components business interruption\n negative consequences.\n Apple Inc. 2022 Form 10-K 6" +} +{ + "_id": "d4aa05798", + "title": "", + "text": " of the fourth quarter of 2021.\nMac\nMac net sales increased during 2022 compared to 2021 due primarily to higher net sales of laptops.\niPad\niPad net sales decreased during 2022 compared to 2021 due primarily to lower net sales of iPad Pro.\nWearables, Home and Accessories\nWearables, Home and Accessories net sales increased during 2022 compared to 2021 due primarily to higher net sales of Apple \nWatch and AirPods.\nServices\nServices net sales increased during 2022 compared to 2021 due primarily to higher net sales from advertising, cloud services \nand the App Store.\nApple Inc. | 2022 Form 10-K | 21\n\nfourth quarter 2021.\n Mac sales increased higher sales laptops.\n iPad\n sales decreased lower sales iPad Pro.\n Wearables Home Accessories\n increased higher sales Apple\n Watch AirPods.\n higher sales advertising cloud services\n App Store.\n Apple Inc. 2022 Form 10-K" +} +{ + "_id": "d4aa10314", + "title": "", + "text": " 0.000% 2025 Notes, the 0.875% 2025 Notes, the 2026 \nNotes, the 2027 Notes, the 1.375% 2029 Notes and the 2031 Notes, the term “U.S. government obligations” shall \ninstead mean (x) any security that is (i) a direct obligation of the German government or (ii) an obligation of a person \ncontrolled or supervised by and acting as an agency or instrumentality of the German government the payment of \nwhich is fully and unconditionally guaranteed by the German government or the central bank of the German \ngovernment, which, in either case (x)(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) \n13\n\n0. 000% 2025 Notes 0. 875% 2025 2026\n 2027 1. 375% 2029 2031 Notes “U. S. government obligations”\n mean security direct obligation German government obligation\n German government payment\n guaranteed German government central bank\n not callable redeemable option issuer (y\n 13" +} +{ + "_id": "d4aa04cc6", + "title": "", + "text": " increasing regulation, government investigations, legal actions and penalties. \nFrom time to time, the Company has made changes to its App Store, including actions taken in response to competition, market \nand legal conditions. The Company may make further business changes in the future. New legislative initiatives, such as the EU \nDigital Markets Act, or similar laws in other jurisdictions, could require further changes. These changes could include how and to \nwhat extent the Company charges developers for access to its platforms and manages distribution of apps outside of the App \nStore.\nThe Company is also currently subject to antitrust investigations in various jurisdictions around the world, which can result in \nlegal proceedings and claims against the Company that could, individually or in the aggregate, have a materially adverse impact \non the Company’s business, results of operations and financial condition. For example, the Company is the subject of \ninvestigations in Europe and other jurisdictions relating to App Store terms and conditions. If such investigations result in adverse \nfindings against the Company, the Company could be exposed to significant fines and may be required to make changes to its \nApp Store business, all of which could materially adversely affect the Company’s business, results of operations and financial \ncondition. The Company is also subject to litigation relating to the App Store, which has resulted in changes to the Company’s \nbusiness practices, and may in the future result in further changes.\nFurther, the Company has commercial relationships with other companies in the technology industry that are or may become \nsubject to investigations and litigation that, if resolved against those other companies, could materially adversely affect the \nCompany’s commercial relationships with those business partners and materially adversely affect the Company’s business, \nresults of operations and financial condition. For example, the Company earns revenue from licensing arrangements with other \ncompanies to offer their search services on the Company’s platforms and apps, and certain of these arrangements are currently \nsubject to government investigations and legal proceedings.\nApple Inc. | 2022 Form 10-K | 14\n\nregulation government investigations legal actions penalties.\n Company changes to App Store to competition market\n legal conditions. may business changes future. New legislative initiatives EU\n Digital Markets Act similar laws other jurisdictions could require changes. changes include\n Company charges developers access distribution apps outside App\n Store.\n Company subject to antitrust investigations jurisdictions\n legal proceedings claims\n business results operations financial condition. subject\n investigations in Europe jurisdictions App Store terms conditions. If adverse\n fines changes\n App Store business affect business results operations financial\n. subject to App Store changes\n business practices may changes.\n commercial relationships with other companies\n subject to investigations affect\n business\n operations financial condition. earns revenue from licensing arrangements\n companies search services platforms apps\n subject to government investigations legal proceedings.\n Apple Inc. 2022 Form 10-K 14" +} +{ + "_id": "d4aa06f44", + "title": "", + "text": ", which generally occurs when the product is shipped. Revenue allocated to the \nproduct-related bundled services and unspecified software upgrade rights is deferred and recognized on a straight-line basis \nover the estimated period they are expected to be provided. Cost of sales related to delivered hardware and bundled software, \nincluding estimated warranty costs, are recognized at the time of sale. Costs incurred to provide product-related bundled \nservices and unspecified software upgrade rights are recognized as cost of sales as incurred.\nFor certain long-term service arrangements, the Company has performance obligations for services it has not yet delivered. For \nthese arrangements, the Company does not have a right to bill for the undelivered services. The Company has determined that \nany unbilled consideration relates entirely to the value of the undelivered services. Accordingly, the Company has not recognized \nrevenue, and does not disclose amounts, related to these undelivered services.\nApple Inc. | 2022 \n\noccurs product shipped. Revenue\n services software upgrade rights deferred recognized\n estimated period. Cost sales hardware software\n warranty costs recognized time sale. Costs\n services software rights recognized cost sales.\n long-term service arrangements Company performance obligations services not delivered.\n right bill undelivered services.\n unbilled consideration relates value undelivered services.\n revenue disclose amounts undelivered services.\n Apple Inc." +} +{ + "_id": "d4aa07714", + "title": "", + "text": " other than quoted prices in active markets for identical assets \nand liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable \nor can be corroborated by observable market data for substantially the full term of the assets or liabilities.\n(3) As of September  24, 2022 and September  25, 2021 , total marketable securities included $12.7 billion and $17.9 billion , \nrespectively, that were restricted from general use, related to the State Aid Decision (refer to Note 5, “Income Taxes”) and \nother agreements.\nApple Inc. | 2022 Form 10-K | 38\n\nquoted prices active markets\n inactive markets\n data full term.\n September 24, 2022 September 25, 2021 marketable securities included $12. 7 billion $17. 9 billion\n restricted use State Aid Decision Note 5\n agreements.\n Apple Inc. 2022 Form 10-K" +} +{ + "_id": "d4aa051b2", + "title": "", + "text": " Proceedings\nEpic Games\nEpic Games, Inc. (“Epic”) filed a lawsuit in the U.S. District Court for the Northern District of California (the “Northern California \nDistrict Court”) against the Company alleging violations of federal and state antitrust laws and California’s unfair competition law \nbased upon the Company’s operation of its App Store. The Company filed a counterclaim for breach of contract. On September \n10, 2021, the Northern California District Court ruled in favor of the Company with respect to nine out of the ten counts included \nin Epic’s claim, and in favor of the Company with respect to the Company’s claims for breach of contract. The Northern California \nDistrict Court found that certain provisions of the Company’s App Store Review Guidelines violate California’s unfair competition \nlaw and issued an injunction. Epic appealed the decision. The Company filed a cross-appeal and has been granted a stay \npending the appeal.\nOther Legal Proceedings\nThe Company is subject to other legal proceedings and claims that have not been fully resolved and that have arisen in the \nordinary course of business. The Company settled certain matters during the fourth quarter of 2022 that did not individually or in \nthe aggregate have a material impact on the Company’s financial condition or operating results. The outcome of litigation is \ninherently uncertain. If one or more legal matters were resolved against the Company in a reporting period for amounts above \nmanagement’s expectations, the Company’s financial condition and operating results for that reporting period could be materially \nadversely affected.\nItem 4. Mine Safety Disclosures\nNot applicable.\nApple Inc. | 2022 Form 10-K | 17\n\n\n Epic Games\n. filed lawsuit U. Northern District California\n against Company alleging violations federal antitrust laws unfair competition law\n operation App Store. filed counterclaim breach contract.\n 10 2021 Northern California District Court ruled favor Company nine ten\n.\n found App Store Review Guidelines violate unfair competition\n law issued injunction. Epic appealed decision. Company filed cross-appeal granted stay\n pending appeal.\n Company subject legal proceedings claims not\n. settled matters fourth quarter 2022\n financial condition operating results. outcome\n uncertain. If legal matters resolved\n financial condition operating results could\n affected.\n 4. Mine Safety Disclosures\n Not.\n Apple Inc. 2022 Form 10-K 17" +} +{ + "_id": "d4aa09f6e", + "title": "", + "text": "SIGNATURES\nPursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this \nreport to be signed on its behalf by the undersigned, thereunto duly authorized.\nDate: October 27, 2022 Apple Inc.\nBy: /s/ Luca Maestri\nLuca Maestri\nSenior Vice President,\nChief Financial Officer\nPower of Attorney\nKNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints \nTimothy D. Cook and Luca Maestri, jointly and severally, his or her attorneys-in-fact, each with the power of substitution, for him \nor her in any and all capacities, to sign any amendments to this Annual Report on Form 10-K, and to file the same, with exhibits \nthereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and \nconfirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.\nPursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons \non behalf of the Registrant and in the capacities and on the dates indicated:\nName Title Date\n/s/ Timothy D. CookChief Executive Officer and Director\n(Principal Executive Officer)October 27, 2022\nTIMOTHY D. COOK\n/s/ Luca MaestriSenior Vice President, Chief Financial Officer\n(Principal Financial Officer)October 27, 2022\nLUCA MAESTRI\n/s/ Chris KondoSenior Director of Corporate Accounting\n(Principal Accounting Officer)October 27, 2022\nCHRIS KONDO\n/s/ James A. Bell DirectorOctober 27, 2022\nJAMES A. BELL\n/s/ Al Gore DirectorOctober 27, 2022\nAL GORE\n/s/ Alex Gorsky DirectorOctober 27, 2022\nALEX GORSKY\n/s/ Andrea Jung DirectorOctober 27, 2022\nANDREA JUNG\n/s/ Arthur D. Levinson Director and Chair of the BoardOctober 27, 2022\nARTHUR D. LEVINSON\n/s/ Monica Lozano DirectorOctober 27, 2022\nMONICA LOZANO\n/s/ Ronald D. Sugar DirectorOctober 27, 2022\nRONALD D. SUGAR\n/s/ Susan L. Wagner DirectorOctober 27, 2022\nSUSAN L. WAGNER\nApple Inc. | 2022 Form 10-K | 58\n\nSIGNATURES\n requirements Section 13 15(d) Securities Exchange Act 1934 Registrant caused\n report signed by undersigned authorized.\n Date October 27, 2022 Apple Inc.\n Luca Maestri\n Senior Vice President\n Chief Financial Officer\n Power of Attorney\n signature\n Timothy D. Cook Luca Maestri attorneys-in-fact power substitution\n sign amendments Annual Report Form 10-K file\n Securities and Exchange Commission ratifying\n confirming.\n requirements Securities Exchange Act 1934 report signed persons\n behalf Registrant capacities dates\n Name Title Date\n Timothy D. CookChief Executive Officer Director\n 27,.\n Luca MaestriSenior Vice President Chief Financial Officer\n Chris KondoSenior Director Corporate Accounting\n (Principal Accounting Officer\n CHRIS KONDO James A. Bell\n.\n Al Gore\n Alex Gorsky\n Andrea Jung\n Arthur D. Levinson Director Chair\n.\nMonica Lozano 2022\n Ronald D. Sugar\n.\n Susan L. Wagner\n.\n Apple Inc. 2022 Form 10-K" +} +{ + "_id": "d4aa110e8", + "title": "", + "text": "Exhibit 31.2\nCERTIFICATION\nI, Luca Maestri, certify that:\n1.I have reviewed this annual report on Form 10-K of Apple Inc.;\n2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact \nnecessary to make the statements made, in light of the circumstances under which such statements were made, not \nmisleading with respect to the period covered by this report;\n3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all \nmaterial respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods \npresented in this report;\n4.The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and \nprocedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as \ndefined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:\n(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be \ndesigned under our supervision, to ensure that material information relating to the Registrant, including its \nconsolidated subsidiaries, is made known to us by others within those entities, particularly during the period in \nwhich this report is being prepared;\n(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting \nto be designed under our supervision, to provide reasonable assurance regarding the reliability of financial \nreporting and the preparation of financial statements for external purposes in accordance with generally \naccepted accounting principles;\n(c)Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report \nour conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period \ncovered by this report based on such evaluation; and\n(d)Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred \nduring the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual \nreport) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control \nover financial reporting; and\n5.The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over \nfinancial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons \nperforming the equivalent functions\n\nExhibit 31.\n CERTIFICATION\n I Luca Maestri certify\n. reviewed annual report on Form 10-K of Apple Inc.\n. report contain untrue statement or\n not\n misleading period\n. financial statements financial information report present\n financial condition results operations cash flows of Registrant periods\n presented\n. Registrant’s certifying officer(s) and I responsible for establishing maintaining disclosure controls\n procedures Exchange Act Rules 13a-15(e) 15d-15(e)) internal control over financial reporting\n for Registrant\n)Designed disclosure controls procedures\n ensure material information relating Registrant\n consolidated subsidiaries known period\n report prepared\n)Designed internal control over financial reporting\n provide assurance reliability of financial\n reporting preparation financial statements\n accounting principles\n)Evaluated effectiveness Registrant’s disclosure controls procedures presented\n conclusions end period\n covered report\n)Disclosed change in Registrant’s internal control over financial reporting\nRegistrant’s recent fiscal quarter fourth fiscal quarter\n affected internal control\n over financial reporting\n. Registrant’s certifying officer(s) and I disclosed evaluation control\n to Registrant’s auditors audit committee board of directors\n" +} +{ + "_id": "d4aa0a52c", + "title": "", + "text": " the maturity date of the 0.875% 2025 Notes), (iii) with respect to the 1.375% 2029 Notes, February \n24, 2029 (three months prior to the maturity date of 1.375% 2029 Notes) and (iv) with respect to the 2031 Notes, \nAugust 15, 2031 (three months prior to the maturity of the 2031 Notes).\n7\n\nmaturity date 0. 875% 2025 1. 375% 2029 Notes February\n 24 2029 months maturity. 2031 Notes\n August 15 2031 months.\n" +} +{ + "_id": "d4aa09744", + "title": "", + "text": " reporting and the preparation of financial statements in \naccordance with GAAP. The Company’s independent registered public accounting firm, Ernst & Young LLP, has issued an audit \nreport on the Company’s internal control over financial reporting, which appears in Part II, Item 8 of this Form 10-K.\nChanges in Internal Control over Financial Reporting\nThere were no changes in the Company’s internal control over financial reporting during the fourth quarter of 2022 , which were \nidentified in connection with management’s evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under the \nExchange Act, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over \nfinancial reporting.\nApple Inc. | 2022 Form 10-K | 53\n\nreporting preparation financial statements\n GAAP. Ernst & Young LLP issued audit\n report internal control financial reporting Part II Item 8 Form 10-K.\n Changes Internal Control Financial Reporting\n no changes fourth quarter 2022\n Rules 13a-15 15d-15\n Exchange Act\n.\n Apple Inc. 2022 Form 10-K 53" +} +{ + "_id": "d4aa0d92a", + "title": "", + "text": "(2) in the case of the 2013 Indenture, the holders of not less than 25% of the aggregate principal amount of \nthe outstanding debt securities of such series, and in the case of the 2018 Indenture, the holders of not \nless than 33% of the aggregate principal amount of the outstanding debt securities of such series have \nrequested the trustee to institute proceedings in respect of such event of default;\n(3) the trustee has been offered indemnity reasonably satisfactory to it against its costs, expenses and \nliabilities in complying with such request;\n(4) the trustee has failed to institute proceedings 60 days after the receipt of such notice, request and offer \nof indemnity; and\n(5) no direction inconsistent with such written request has been given for 60 days by the holders of a \nmajority in aggregate principal amount of the outstanding debt securities of such series.\nThe holders of a majority in aggregate principal amount of outstanding debt securities\n\n2013 Indenture holders not less than 25% principal\n 2018 Indenture holders not\n less than 33%\n requested trustee institute proceedings default\n trustee offered indemnity satisfactory against costs expenses\n liabilities\n trustee failed to institute proceedings 60 days after receipt notice request offer\n indemnity\n (5) no direction inconsistent with written request given for 60 days by holders\n majority.\n holders majority" +} +{ + "_id": "d4aa06468", + "title": "", + "text": "PART IV\nItem 15. Exhibit and Financial Statement Schedules\n(a)Documents filed as part of this report\n(1)All financial statements\nIndex to Consolidated Financial Statements Page\nConsolidated Statements of Operations for the years ended September 24, 2022, September 25, 2021 and \nSeptember 26, 2020 29\nConsolidated Statements of Comprehensive Income for the years ended September 24, 2022, September 25, \n2021 and September 26, 2020 30\nConsolidated Balance Sheets as of September 24, 2022 and September 25, 2021 31\nConsolidated Statements of Shareholders’ Equity for the years ended September 24, 2022, September 25, 2021 \nand September 26, 2020 32\nConsolidated Statements of Cash Flows for the years ended September 24, 2022, September 25, 2021 and \nSeptember 26, 2020 33\nNotes to Consolidated Financial Statements 34\nReports of Independent Registered Public Accounting Firm* 50\n\n\nIV\n Item 15. Exhibit Financial Statement Schedules\n report\n financial statements\n Index Consolidated Financial Statements\n Statements Operations September 24 2022 25 2021\n 26, 2020\n Comprehensive Income\n Balance Sheets September 24 2022 2021\n Shareholders’ Equity 24 2022\n 2020\n Cash Flows 24 2022 2021\n Notes Financial Statements\n Reports Independent Accounting Firm\n" +} +{ + "_id": "d4aa000e0", + "title": "", + "text": "® is the Company’s line of smartphones based on its iOS operating system. The iPhone line includes iPhone 14 Pro, \niPhone 14, iPhone 13, iPhone SE®, iPhone 12 and iPhone 11.\nMac\nMac® is the Company’s line of personal computers based on its macOS® operating system. The Mac line includes laptops \nMacBook Air® and MacBook Pro®, as well as desktops iMac®, Mac mini®, Mac Studio™ and Mac Pro®.\niPad\niPad® is the Company’s line of multipurpose tablets based on its iPadOS® operating system. The iPad line includes iPad Pro®, \niPad Air®, iPad and iPad mini®.\nWearables, Home and Accessories\nWearables, Home and Accessories includes:\n•AirPods®, the Company’s wireless headphones, including AirPods, AirPods Pro® and AirPods Max™;\n•Apple TV®, the Company’s media streaming and gaming device based on its tvOS® operating system, including Apple \nTV 4K and Apple TV HD;\n•Apple Watch®, the Company’s line of smartwatches based on its watchOS® operating system, including Apple Watch \nUltra ™, Apple Watch Series 8 and Apple Watch SE®; and\n•Beats® products, HomePod mini® and accessories.\nApple Inc. | 2022 Form 10-K | 1\n\nline smartphones iOS. iPhone includes 14 Pro\n 13, 12 11.\n Mac\n personal computers macOS®. includes laptops\n MacBook Pro® desktops iMac® mini® StudioTM Pro®.\n iPad\n multipurpose tablets iPadOS®. Pro®\n Air® mini®.\n Wearables Home Accessories\n •AirPods® wireless headphones Pro® MaxTM\n TV® media streaming gaming device tvOS®\n 4K HD\n Watch® smartwatches watchOS®\n Ultra Series 8 SE®\n products HomePod mini® accessories.\n Apple Inc. 2022 Form 10-K" +} +{ + "_id": "d4aa0a66c", + "title": "", + "text": "\nWe issued €1,400,000,000 aggregate principal amount of the 2026 Notes on November 10, 2014. The \nmaturity date of the 2026 Notes is November 10, 2026, and interest at a rate of 1.625% per annum is paid annually \non November 10 of each year, beginning on November 10, 2015, and on the maturity date. As of October 14, 2022 , \n€1,400,000,000 aggregate principal amount of the 2026 Notes was outstanding.\n3\n\n\n issued €1,400,000,000 2026 Notes November 10 2014.\n maturity November 10 2026 interest. 625% annum paid\n November 10. October 14 2022\n €1,400,000,000 outstanding.\n" +} +{ + "_id": "d4aa1530a", + "title": "", + "text": "statements present fairly, in all material respects, the financial position of Apple Inc. at September 24, 2022 and September 25, 2021, and the results of its operations and its cash flows for each of the three years in the period ended September 24, 2022, in conformity with U.S. generally accepted accounting principles. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (the “PCAOB”), Apple Inc.’s internal control over financial reporting as of September 24, 2022, based on criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our report dated October 27, 2022 expressed an unqualified opinion thereon. Basis for Opinion These financial statements are the responsibility of Apple Inc.’s management. Our responsibility is to express an opinion on Apple Inc.’s financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to Apple Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the U.S. Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. Critical Audit Matter The critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of the critical audit matter does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the account or disclosure to which it relates. Uncertain Tax Positions Description of the Matter As discussed in Note 5 to the financial statements, Apple Inc. is subject to taxation and files income tax returns in the U.S. federal jurisdiction and many state and foreign jurisdictions. As of September 24, 2022, the total amount of gross unrecognized tax benefits was $16.8 billion, of which $8.0 billion, if recognized, would impact Apple Inc.’s effective tax rate. In accounting for uncertain tax positions, Apple Inc. uses significant judgment in the interpretation and application of complex domestic and international tax laws. Auditing management’s evaluation of whether an uncertain tax position is more likely than not to be sustained and the measurement of the benefit of various tax positions can be complex, involves significant judgment, and is based on interpretations of tax laws and legal rulings. Apple Inc. | 2022 Form 10-K | 50 How We Addressed the Matter in Our Audit We tested controls relating to the evaluation of uncertain tax positions, including controls over management’s assessment as to whether tax positions are more likely than not to be sustained, management’s process to measure the benefit of its tax positions, and the development of the related disclosures. To evaluate Apple Inc.’s assessment of which tax positions are more likely than not to be sustained, our audit procedures included, among others, reading and evaluating management’s assumptions and analysis, and, as applicable, Apple Inc.’s communications with taxing authorities, that detailed the basis and technical merits of the uncertain tax positions. We involved our tax subject matter resources in assessing the technical merits of certain of Apple Inc.’s tax positions based on our knowledge of relevant tax laws and experience with related taxing authorities. For certain tax positions, we also received external legal counsel confirmation letters and discussed the matters with external advisors and Apple Inc. tax personnel. In addition, we evaluated Apple Inc.’s disclosure in relation to these matters included in Note 5 to the financial statements. \\/s\\/ Ernst & Young LLP We have served as Apple Inc.’s auditor since 2009. San Jose, California October 27, 2022 Apple Inc. | 2022 Form 10-K | 51 Report of Independent Registered Public Accounting Firm To the Shareholders and the Board of Directors of Apple Inc. Opinion on Internal Control Over Financial Reporting We have audited Apple Inc.’s internal control over financial reporting as of September 24, 2022, based on criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the “COSO criteria”). In our opinion, Apple Inc. maintained, in all material respects, effective internal control over financial reporting as of September 24, 2022, based on the COSO criteria. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (the “PCAOB”), the consolidated balance sheets of Apple Inc. as of September 24, 2022 and September 25, 2021, the related consolidated statements of operations, comprehensive income, shareholders’ equity and cash flows for each of the three years in the period ended September 24, 2022, and the related notes and our report dated October 27, 2022 expressed an unqualified opinion thereon. Basis for Opinion Apple Inc.’s management is responsible for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Annual Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on Apple Inc.’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to Apple Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the U.S. Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Definition and Limitations of Internal Control Over Financial Reporting A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. \\/s\\/ Ernst & Young LLP San Jose, California October 27, 2022 Apple Inc. | 2022 Form 10-K | 52 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None. Item 9A. Controls and Procedures Evaluation of Disclosure Controls and Procedures Based on an evaluation under the supervision and with the participation of the Company’s management, the Company’s principal executive officer and principal financial officer have concluded that the Company’s disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act were effective as of September 24, 2022 to provide reasonable assurance that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods\n\nstatements present financial position Apple Inc. September 24, 2022 September 25, 2021 results operations cash flows three years September 24, 2022 with U. S. accounting principles. audited Public Company Accounting Oversight Board Apple Inc. internal control financial reporting September 24, 2022 Internal Control – Integrated Framework Committee Sponsoring Organizations Treadway Commission report October 27, 2022 unqualified opinion. financial statements responsibility Apple Inc. management. responsibility express opinion. audits. public accounting firm registered with PCAOB independent Apple Inc. U. S. federal securities laws rules regulations U. S. Securities and Exchange Commission PCAOB. conducted audits standards PCAOB. assurance financial statements material misstatement fraud. audits risks misstatement. evidence amounts disclosures. accounting principles estimates overall presentation financial. audits provide reasonable basis for opinion.Critical Audit Matter from current period audit financial statements relates to accounts disclosures material challenging complex judgments. alter our opinion on financial statements separate opinion. Uncertain Tax Positions Apple Inc. subject to taxation files income returns in U. S. federal jurisdiction state foreign jurisdictions. As of September 24, 2022 gross unrecognized tax benefits was $16. 8 billion $8. 0 billion if recognized impact Apple Inc. effective tax rate. accounting for uncertain tax positions Apple Inc. uses judgment in complex domestic tax laws. Auditing evaluation of uncertain tax position measurement benefit complex involves judgment based on interpretations tax laws legal rulings. Apple Inc. 2022 Form 10-K | 50 Addressed Matter Audit tested controls to evaluation of uncertain tax positions over management’s assessment process benefit development of disclosures. audit procedures included management’s assumptions analysis. communications with taxing authorities.involved tax resources assessing Apple Inc. tax positions tax laws experience. received legal counsel confirmation letters discussed advisors Apple. tax personnel. evaluated Apple. disclosure Note 5 financial statements. Ernst & Young LLP Apple Inc. auditor since 2009. San Jose California October 27, 2022 Apple Inc. Form 10-K 51 Report Independent Public Accounting Firm Shareholders Board Directors Apple Inc. Opinion Internal Control Financial Reporting audited Apple Inc. internal control financial reporting September 24, 2022 Internal Control – Framework. Apple Inc. maintained effective internal control reporting. audited Public Company Accounting Oversight Board consolidated balance sheets Apple. September 24 2022 25, 2021 statements operations income shareholders’ equity cash flows three years report October 27, 2022 unqualified opinion. Apple. management responsible internal control financial reporting Annual Report. responsibility express opinion Apple. control audit. public accounting firm registered PCAOB independent Apple Inc.U. S. federal securities laws rules regulations U. S. Securities and Exchange Commission PCAOB. conducted audit standards PCAOB. standards require audit assurance effective internal control over financial reporting. audit included understanding internal control risk material weakness testing evaluating design operating effectiveness other procedures necessary. audit provides reasonable basis for opinion. Definition Limitations of Internal Control Over Financial Reporting internal control reporting assurance reliability financial reporting preparation financial statements U. S. accounting principles. includes policies procedures maintenance records transactions dispositions assets assurance transactions recorded preparation financial statements. receipts expenditures authorizations management directors prevention unauthorized acquisition use disposition assets financial statements. internal control may not prevent detect misstatements. projections effectiveness future risk controls inadequate conditions compliance policies deteriorate. Ernst & Young LLP San Jose, California October 27, 2022 Apple Inc. 2022 Form 10-K | 52 Item 9.Changes Disagreements Accountants Financial Disclosure. Item 9A. Controls Procedures Evaluation Disclosure Controls Procedures evaluation management principal executive financial officer concluded disclosure controls procedures Rules 13a-15(e 15d-15(e) Exchange Act effective September 24, 2022 information reports recorded processed summarized reported periods" +} +{ + "_id": "d4aa1b854", + "title": "", + "text": "• in the case of the 2018 Indenture, to add to, change or eliminate any of the provisions of the 2018 Indenture in respect of one or more series of debt securities; provided that any such addition, change or elimination shall become effective only when there is no outstanding security of any series created prior to the execution of such supplemental indenture that is entitled to the benefit of such provision and as to which such supplemental indenture would apply; • to cure any ambiguity, omission, defect or inconsistency; • to change any other provision; provided that the change does not adversely affect the interests of the holders of debt securities of, in the case of the 2013 Indenture any series, and in the case of the 2018 Indenture, any outstanding series, in any material respect; • to supplement any of the provisions of the applicable Indenture to such extent as shall be necessary to permit or facilitate the defeasance and discharge of any series of Notes pursuant to the Indenture; 12 provided that any such action shall not adversely affect the interests of the holders of Notes of such series or any other series of debt securities in any material respect; • to comply with the rules or regulations of any securities exchange or automated quotation system on which any of the Notes may be listed or traded; and • to add to, change or eliminate any of the provisions of the applicable Indenture as shall be necessary or desirable in accordance with any amendments to the Trust Indenture Act of 1939, as amended, and in the case of the 2013 Indenture, provided that such action does not adversely affect the rights or interests of any holder of debt securities in any material respect. The holders of at least a majority in aggregate principal amount of the outstanding Notes of any series may, on behalf of the holders of all Notes of that series, waive compliance by us with certain restrictive provisions of the Indentures. The holders of not less than a majority in aggregate principal amount of the outstanding Notes of a series may, on behalf of the holders of all Notes of that series, waive any past default and its consequences under the applicable Indenture with respect to the Notes of that series, except a default (1) in the payment of principal or premium, if any, or interest on Notes of that series or (2) in respect of a covenant or provision of the applicable Indenture that cannot be modified or amended without the consent of the holder of each Note of that series. Upon any such waiver, such default will cease to exist, and any event of default arising therefrom will be deemed to have been cured, for every purpose of the Indenture; however, no such waiver will extend to any subsequent or other default or event of default or impair any rights consequent thereon. Discharge, Defeasance and Covenant Defeasance We may discharge certain obligations to holders of the Notes of a series that have not already been delivered to the trustee for cancellation and that either have become due and payable or will become due and payable within one year (or scheduled for redemption within one year) by depositing with the trustee, in trust, funds in U.S. dollars in an amount sufficient to pay the entire indebtedness including, but not limited to, the principal and premium, if any, and interest to the date of such deposit (if due and payable) or to the maturity thereof or the redemption date of the Notes of that series, as the case may be. We may direct the trustee to invest such funds in U.S. Treasury securities with a maturity of one year or less or in a money market fund that invests solely in short-term U.S. Treasury securities. The Indentures provide that we may elect either (1) to defease and be discharged from any and all obligations with respect to the Notes of a series (except for, among other things, obligations to register the transfer or exchange of the Notes, to replace temporary or mutilated, destroyed, lost or stolen Notes, to maintain an office or agency with respect to the Notes and to hold moneys for payment in trust) (“legal defeasance”) or (2) to be released from our obligations to comply with the restrictive covenants under the applicable Indenture, and any omission to comply with such obligations will not constitute a default or an event of default with respect to the Notes of a series and clauses (3) and (6) under the caption “Events of Default” above will no longer be applied (“covenant defeasance”). Legal defeasance or covenant defeasance, as the case may be, will be conditioned upon, among other things, the irrevocable deposit by us with the trustee, in trust, of an amount in U.S. dollars, or U.S. government obligations (as such term is modified below), or both, applicable to the Notes of that series which through the scheduled payment of principal and interest in accordance with their terms will provide money in an amount sufficient to pay the principal or premium, if any, and interest on the Notes on the scheduled due dates therefor. If we effect covenant defeasance with respect to the Notes of any series, the amount in U.S. dollars, or U.S. government obligations (as such term is modified below), or both, on deposit with the trustee will be sufficient, in the opinion of a nationally recognized firm of independent accountants, to pay amounts due on the Notes of that series at the time of the stated maturity but may not be sufficient to pay amounts due on the Notes of that series at the time of the acceleration resulting from such event of default. However, we would remain liable to make payment of such amounts due at the time of acceleration. With respect to the 2022 Notes, the 2024 Notes, the 0.000% 2025 Notes, the 0.875% 2025 Notes, the 2026 Notes, the 2027 Notes, the 1.375% 2029 Notes and the 2031 Notes, the term “U.S. government obligations” shall instead mean (x) any security that is (i) a direct obligation of the German government or (ii) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of the German government the payment of which is fully and unconditionally guaranteed by the German government or the central bank of the German government, which, in either case (x)(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) 13 certificates, depositary receipts or other instruments which evidence a direct ownership interest in obligations described in clause (x)(i) or (x)(ii) above or in any specific principal or interest payments due in respect thereof. With respect to the 3.050% 2029 Notes and the 2042 Notes, the term “U.S. government obligations” shall instead mean (x) any security that is (i) a direct obligation of the United Kingdom government or (ii) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of the United Kingdom government the payment of which is fully and unconditionally guaranteed by the United Kingdom government or the central bank of the United Kingdom government, which, in either case (x)(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) certificates, depositary receipts or other instruments which evidence a direct ownership interest in obligations described in clause (x)(i) or (x)(ii) above or in any specific principal or interest payments due in respect thereof. We will be required to deliver to the trustee an opinion of counsel that the deposit and related defeasance will not cause the holders and beneficial owners of the Notes of that series to recognize income, gain or loss for federal income tax purposes. If we elect legal defeasance, that opinion of counsel must be based upon a ruling from the U.S. Internal Revenue Service or a change in law to that effect. We may exercise our legal defeasance option notwithstanding our prior exercise of our covenant defeasance option. Book-Entry and Settlement The Notes were issued in book-entry form and are represented by global notes deposited with, or on behalf of, a common depositary on behalf of Euroclear and Clearstream, and are registered in the name of the common depositary or its nominee. Except as described herein, certificated notes will not be issued in exchange for beneficial interests in the global notes. Certificated Notes Subject to certain conditions, the Notes represented by the global notes are exchangeable for certificated notes in definitive form of like tenor, in minimum denominations of €100,000 principal amount and integral multiples of €1,000 in excess thereof in the case of the 2022 Notes, the 2024 Notes, the 0.000% 2025 Notes, the 0.875% 2025 Notes, the 2026 Notes, the 2027 Notes, the 1.375% 2029 Notes and the 2031 Notes, and in minimum denominations of £100,000 principal amount and integral multiples of £1,000 in excess thereof in the case of the 3.050% 2029 Notes and the 2042 Notes, if: 1. the common depositary notifies us that it is unwilling or unable to continue as depositary or\n\n2018 Indenture add change eliminate provisions one series of debt securities addition effective no outstanding security series prior to supplemental indenture entitled to benefit provision cure ambiguity omission defect inconsistency change other provision change adversely affect interests holders debt securities 2013 Indenture series 2018 Indenture outstanding series supplement provisions applicable Indenture necessary permit facilitate defeasance discharge of series of Notes action not adversely affect interests holders of Notes series comply with rules regulations securities exchange automated quotation system Notes add change eliminate provisions applicable Indenture necessary desirable amendments Trust Indenture Act of 1939 2013 Indenture action not adversely affect rights interests holder debt securities. holders of majority of outstanding Notes of series may waive compliance with restrictive provisions of Indentures.holders of majority of Notes of series may waive past default consequences under Indenture except default in principal premium interest or covenant provision Indenture without consent holder. waiver default cured no waiver to subsequent default or impair rights. Discharge Defeasance Covenant Defeasance discharge obligations to holders Notes not delivered to trustee for cancellation due payable or within one year by depositing with trustee funds in U. S. dollars sufficient to pay entire indebtedness including principal premium interest to date of deposit or maturity or redemption date of. may direct trustee to invest funds in U. S. Treasury securities with maturity one year or less or money market fund in short-term U. S. Treasury securities.Indentures provide elect (1) defease from obligations Notes series (except obligations register transfer exchange replace temporary mutilated destroyed lost stolen Notes maintain office agency hold moneys for payment in trust (“legal defeasance”) or (2) released from obligations covenants omission not default clauses (3) (6) no longer applied (“covenant defeasance”). Legal defeasance conditioned upon irrevocable deposit with trustee of amount in U. S. dollars or. government obligations applicable to Notes series scheduled payment principal interest provide money to pay principal premium interest Notes on scheduled due dates. If covenant defeasance amount in U. S. dollars or. government obligations deposit sufficient accountants to pay amounts due on Notes at maturity may not sufficient at acceleration event default. remain liable to make payment amounts due at time acceleration. 2022 2024. 2025 Notes 0.875% 2025 Notes 2026 Notes 2027 Notes 1. 375% 2029 Notes 2031 Notes “U. S. government obligations” mean security direct obligation German government or person German government payment guaranteed German government central bank not callable redeemable option issuer 13 certificates depositary receipts instruments direct ownership obligations clause (x)(i) (x)(ii) specific principal interest payments. 3. 050% 2029 Notes 2042 Notes “U. S. government obligations” security direct obligation United Kingdom government payment guaranteed central bank not callable or redeemable option issuer certificates depositary receipts instruments direct ownership obligations clause (x)(i) (x)(ii) specific principal interest payments due. required deliver trustee opinion counsel deposit defeasance cause holders owners Notes recognize income gain loss for federal income tax. legal defeasance opinion counsel based ruling U. S. Internal Revenue Service change law.exercise legal defeasance option prior covenant. Book-Entry Settlement Notes issued book-entry represented global notes deposited common depositary Euroclear Clearstream registered common depositary nominee. certificated notes not issued beneficial interests global notes. exchangeable for certificated notes definitive minimum denominations €100,000 multiples €1,000 2022 2024 0. 000%. 875% 2026 2027 1. 375% 2029 2031 minimum denominations £100,000 principal multiples £1,000 excess 3. 050% 2029 2042 Notes. common depositary unwilling unable continue" +} +{ + "_id": "d4aa08ad8", + "title": "", + "text": "Share-Based Compensation\nThe following table shows share-based compensation expense and the related income tax benefit included in the Consolidated \nStatements of Operations for 2022 , 2021 and 2020 (in millions):\n2022 2021 2020\nShare-based compensation expense $ 9,038 $ 7,906 $ 6,829 \nIncome tax benefit related to share-based compensation expense $ (4,002) $ (4,056) $ (2,476) \nAs of September 24, 2022 , the total unrecognized compensation cost related to outstanding RSUs and stock options was $16.7 \nbillion , which the Company expects to recognize over a weighted-average period of 2.6 years .\nNote 10 – Commitments and Contingencies\nConcentrations in the Available Sources of Supply of Materials and Product\nAlthough most components essential to the Company’s business are generally available from multiple sources, certain \ncomponents are currently obtained from single or limited sources. The Company also competes for various components with \nother participants in the markets for smartphones, personal computers, tablets, wearables and accessories. Therefore, many \ncomponents used by the Company, including those that are available from multiple sources, are at times subject to industry-wide \nshortage and significant commodity pricing fluctuations.\nThe Company uses some custom components that are not commonly used by its competitors, and new products introduced by \nthe Company often utilize custom components available from only one source. When a component or product uses new \ntechnologies, initial capacity constraints may exist until the suppliers’ yields have matured or their manufacturing capacities have \nincreased. The continued availability of these components at acceptable prices, or at all, may be affected if suppliers decide to \nconcentrate on the production of common components instead of components customized to meet the Company’s requirements.\nSubstantially all of the Company’s hardware products are manufactured by outsourcing partners that are located primarily in \nAsia, with some Mac computers manufactured in the U.S. and Ireland.\nUnconditional Purchase Obligations\nThe Company has entered into certain off–balance sheet commitments that require the future purchase of goods or services \n(“unconditional purchase obligations”). The Company’s unconditional purchase obligations primarily consist of payments for \nsupplier arrangements, internet services and content creation. Future payments under noncancelable unconditional purchase \nobligations with a remaining term in excess of one year as of September 24, 2022 , are as follows (in millions):\n2023 $ 13,488 \n2024 4,876 \n2025 1,418 \n2026 6,780 \n2027 312 \nThereafter 412 \nTotal $ 27,286 \nContingencies\nThe Company is subject\n\nShare-Based Compensation\n table shows expense income tax benefit Consolidated\n Statements Operations 2022 2021 2020\n 2022 2021 2020\n Share compensation expense $ 9,038 $ $\n Income tax benefit $ (4,002) (4,056) (2,476)\n September 24, 2022 total unrecognized compensation cost RSUs stock options $16. 7\n billion expects recognize 2. 6 years.\n Note 10 Commitments Contingencies\n Sources Supply Materials Product\n components available multiple sources\n single limited. competes components\n smartphones computers tablets wearables accessories.\n subject\n shortage commodity pricing fluctuations.\n uses custom components new products\n one source.\n capacity constraints exist until suppliers’ yields manufacturing capacities\n. availability suppliers\n.\n hardware products manufactured outsourcing partners\n Asia some Mac computers U. S. Ireland.\n Unconditional Purchase Obligations\n off–balance commitments future purchase goods services\n.obligations\n services content creation. Future payments\n September 24 2022\n 2023 13,488\n 2024 4,876\n 2025 1,418\n 2026 6,780\n 2027 312\n 412 $ 27,286\n" +} +{ + "_id": "d4aa0b1f2", + "title": "", + "text": "000% 2025 Notes, the 0.875% 2025 Notes, the 1.375% 2029 Notes and the 2031 \nNotes at our option, at any time in whole or from time to time in part, prior to the applicable Par Call Date at a \nredemption price equal to the greater of: \n•100% of the principal amount of the Notes to be redeemed; or \n•the sum of the present values of the remaining scheduled payments of principal and interest thereon \nassuming that the Notes matured on the applicable Par Call Date (not including any portion of such \npayments of interest accrued as of the date of redemption), discounted to the date of redemption on an \nannual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as \ndefined below), plus 10 basis points in the case of the 0.000% 2025 Notes, plus 15 basis points in the \ncase of the 0.875% 2025 Notes and the 2031 Notes, and 20 basis points in the case of the 2029 Notes. \n“Par Call Date” means (i) with respect to the 0.000% 2025 Notes, August 15, 2025 (three months prior to the \nmaturity date of the 0.000% 2025 Notes), (ii) with respect to the 0.875% 2025 Notes, February 24, 2025 (three \nmonths prior to the maturity date of the 0.875% 2025 Notes), (iii) with respect to the 1.375% 2029 Notes, February \n24, 2029 (three months prior to the maturity date of 1.375% 2029 Notes) and (iv) with respect to the 2031 Notes, \nAugust 15, 2031 (three months prior to the maturity of the 2031 Notes).\n7\n\n000% 2025 Notes 0. 875% 2025 1. 375% 2029 2031\n Notes option prior Par Call Date\n redemption price equal\n principal amount Notes\n present values remaining scheduled payments principal interest\n Notes matured Par Call Date\n interest accrued discounted date redemption\n Comparable Government Bond Rate\n plus 10 basis points 0. 000% 2025 Notes 15 points\n 0. 875% 2025 Notes 2031 Notes 20 points 2029 Notes.\n Call Date” 0. 000% 2025 Notes August 15, 2025\n maturity. 0. 875% 2025 Notes February 24, 2025\n. 1. 375% 2029 Notes February\n 24, 2029 maturity. 2031 Notes\n August 15, 2031 (three months prior maturity.\n" +} +{ + "_id": "d4aa18e92", + "title": "", + "text": "UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 24, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36743 Apple Inc. (Exact name of Registrant as specified in its charter) California 94-2404110 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) One Apple Park Way Cupertino, California 95014 (Address of principal executive offices) (Zip Code) (408) 996-1010 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.00001 par value per share AAPL The Nasdaq Stock Market LLC 1.000% Notes due 2022 — The Nasdaq Stock Market LLC 1.375% Notes due 2024 — The Nasdaq Stock Market LLC 0.000% Notes due 2025 — The Nasdaq Stock Market LLC 0.875% Notes due 2025 — The Nasdaq Stock Market LLC 1.625% Notes due 2026 — The Nasdaq Stock Market LLC 2.000% Notes due 2027 — The Nasdaq Stock Market LLC 1.375% Notes due 2029 — The Nasdaq Stock Market LLC 3.050% Notes due 2029 — The Nasdaq Stock Market LLC 0.500% Notes due 2031 — The Nasdaq Stock Market LLC 3.600% Notes due 2042 — The Nasdaq Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ No ☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒ The aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant, as of March 25, 2022, the last business day of the Registrant’s most recently completed second fiscal quarter, was approximately $2,830,067,000,000. Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the Registrant as of such date have been excluded because such persons may be deemed to be affiliates. This determination of executive officers and directors as affiliates is not necessarily a conclusive determination for any other purposes. 15,908,118,000 shares of common stock were issued and outstanding as of October 14, 2022. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s definitive proxy statement relating to its 2023 annual meeting of shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The Registrant’s definitive proxy statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates. Apple Inc. Form 10-K For the Fiscal Year Ended September 24, 2022 TABLE OF CONTENTS Page Part I Item 1. Business 1 Item 1A. Risk Factors 5 Item 1B. Unresolved Staff Comments 17 Item 2. Properties 17 Item 3. Legal Proceedings 17 Item 4. Mine Safety Disclosures 17 Part II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18 Item 6. [Reserved] 19 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 20 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 26 Item 8. Financial Statements and Supplementary Data 28 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 53 Item 9A. Controls and Procedures 53 Item 9B. Other Information 54 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 54 Part III Item 10. Directors, Executive Officers and Corporate Governance 54 Item 11. Executive Compensation 54 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 54 Item 13. Certain Relationships and Related Transactions, and Director Independence 54 Item 14. Principal Accountant Fees and Services 54 Part IV Item 15. Exhibit and Financial Statement Schedules 55 Item 16. Form 10-K Summary 57 This Annual Report on Form 10-K (“Form 10-K”) contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Many of the forward-looking statements are located in Part I, Item 1 of this Form 10-K under the heading “Business” and Part II, Item 7 of this Form 10-K under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. For example, statements in this Form 10-K regarding the potential future impact of the COVID-19 pandemic on the Company’s business and results of operations are forward-looking statements. Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed in Part I, Item\n\nUNITED STATES SECURITIES EXCHANGE COMMISSION Washington D. 20549 FORM 10-K ANNUAL REPORT SECTION 13 15 SECURITIES EXCHANGE ACT 1934 fiscal year September 24 2022 TRANSITION REPORT SECTION 13 15 EXCHANGE 1934 transition period. File Number-36743 Apple Inc. Registrant California 94-2404110 jurisdiction incorporation. Employer Identification. One Apple Park Way Cupertino California 95014 executive offices Code (408) 996-1010 telephone number area code Securities registered Section 12(b) Act Title class Trading symbol exchange Common Stock $0. 00001 share Nasdaq Stock Market LLC. 000% 2022. 375% 2024.% 2025. 875%. 625% 2.% 2027. 375% 2029. 050%. 500% 2031. 600% 2042 Securities Section 12(g) Act Registrant-known seasoned issuer Rule 405 Securities Act.Yes ☒ No ☐ Registrant not required file reports Section 13 or 15(d) Act. Yes No Registrant filed reports Section 13 or 15(d) Securities Exchange Act 1934 preceding 12 months subject to filing requirements past 90 days. Yes No submitted electronically Interactive Data File Rule 405 Regulation S-T (§232. 405 preceding 12 months. Yes No Registrant large accelerated filer non-accelerated filer smaller reporting company emerging growth company. definitions Rule 12b-2 Exchange Act. Large accelerated filer Non-accelerated filer Smaller reporting Emerging growth company not use extended transition period new financial accounting standards Section 13(a) Exchange Act. Registrant filed report assessment internal control financial reporting Section 404(b) Sarbanes-Oxley Act (15 U. S. C. 7262(b)) by registered public accounting firm audit report. Registrant company Rule 12b-2.Yes market value voting non-voting stock non Registrant March 25, 2022 fiscal quarter approximately $2,830,067,000,000. shares common stock executive officers directors excluded. not conclusive. 15,908,118,000 shares common stock issued outstanding October 14, 2022. Registrant’s proxy statement 2023 annual meeting Part III Annual Report Form 10-K. filed U. S. Securities Exchange Commission 120 days after end fiscal year. Apple Inc. Form 10-K Fiscal Year Ended September 24, 2022 TABLE CONTENTS I. Business. Risk Factors. Staff Comments. Properties. Legal Proceedings. Mine Safety Disclosures II. Market Registrant’s Common Equity Stockholder Matters Issuer Purchases Equity Securities 6. Financial Condition Results Operations. Market Risk. Financial Statements Supplementary Data. Accountants Financial Disclosure. Controls Procedures. Other Information. Foreign Jurisdictions III. Directors Executive Officers Corporate Governance.Executive Compensation 54 Item 12. Security Ownership Beneficial Owners Management Stockholder Matters Item 13. Relationships Transactions Director Independence Item 14. Principal Accountant Fees Services Part IV Item 15. Exhibit Financial Statement Schedules Item 16. Form 10-K Summary Annual Report Form 10-K forward-looking statements Private Securities Litigation Reform Act 1995 risks uncertainties. forward-looking statements Part I Item 1 Part II Item 7 “Management’s Discussion Analysis Financial Condition Results Operations. Forward-looking statements expectations future events historical fact. impact COVID-19 pandemic business results forward-looking. identified “future. statements not guarantees future performance results differ. Factors differences Part I Item" +} +{ + "_id": "d4aa0d740", + "title": "", + "text": "Consolidation, Merger and Sale of Assets\nThe Indentures provide that we may consolidate with or merge with or into any other person, and may sell, \ntransfer, or lease or convey all or substantially all of our properties and assets to another person; provided that the \nfollowing conditions are satisfied: \n•we are the continuing entity, or the resulting, surviving or transferee person (the “Successor”) is a \nperson (if such person is not a corporation, then the Successor will include a corporate co-issuer of the \ndebt securities) organized and existing under the laws of the United States of America, any state thereof \nor the District of Columbia and the Successor (if not us) will expressly assume, by supplemental \nindenture, all of our obligations under the debt securities and the applicable Indenture and, for each \nsecurity that by its terms provides for conversion, provide for\n\nConsolidation Merger Sale Assets\n Indentures provide consolidate merge person sell\n transfer lease convey properties assets to another person\n conditions satisfied\n continuing entity surviving transferee person “Successor”)\n person not corporation corporate co-issuer\n debt securities organized under laws United States\n District of Columbia Successor assume\n obligations under debt securities Indenture\n security provides conversion" +} +{ + "_id": "d4aa0a7d4", + "title": "", + "text": "The 2027 Notes\nWe issued €1,000,000,000 aggregate principal amount of the 2027 Notes on September 17, 2015. The \nmaturity date of the 2027 Notes is September 17, 2027, and interest at a rate of 2.000% per annum is paid annually \non September 17 of each year, beginning on September 17, 2016, and on the maturity date. As of October 14, 2022 , \n€1,000,000,000 aggregate principal amount of the 2027 Notes was outstanding.\nThe 1.375% 2029 Notes\nWe issued €1,250,000,000 aggregate principal amount of the 1.375% 2029 Notes on May 24, 2017. The \nmaturity date of the 1.375% 2029 Notes is May 24, 2029, and interest at a rate of 1.375% per annum is paid annually \non May 24 of each year,\n\n2027 Notes\n issued €1,000,000,000 September 17, 2015.\n maturity interest 2. 000% per annum paid\n September 17 2016,. October 14, 2022\n €1,000,000,000.\n. 375% 2029 Notes\n issued €1,250,000,000. May 24, 2017.\n maturity. May 24 2029 interest 1. 375% annum paid\n May 24" +} +{ + "_id": "d4aa09172", + "title": "", + "text": " as of September  24, 2022 and September  25, 2021 , the related \nconsolidated statements of operations, comprehensive income, shareholders’ equity and cash flows for each of the three years \nin the period ended September 24, 2022 , and the related notes and our report dated October 27, 2022 expressed an unqualified \nopinion thereon.\nBasis for Opinion\nApple Inc.’s management is responsible for maintaining effective internal control over financial reporting, and for its assessment \nof the effectiveness of internal control over financial reporting included in the accompanying Management’s Annual Report on \nInternal Control over Financial Reporting. Our responsibility is to express an opinion on Apple Inc.’s internal control over financial \nreporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent \nwith respect to Apple Inc. in accordance with the U.S. federal securities laws\n\nSeptember 24, 2022 25, 2021\n consolidated statements operations income shareholders’ equity cash flows three years\n September 24 2022 notes report October 27, 2022 unqualified\n opinion.\n Apple Inc. management internal control financial reporting assessment\n Annual Report\n. express opinion Apple. control\n audit. public accounting firm PCAOB independent\n Apple Inc. U. S. federal securities laws" +} +{ + "_id": "d4aa079c6", + "title": "", + "text": "The following table shows the fair value of the Company’s non-current marketable debt securities, by contractual maturity, as of \nSeptember 24, 2022 (in millions):\nDue after 1 year through 5 years $ 87,031 \nDue after 5 years through 10 years 16,429 \nDue after 10 years 17,345 \nTotal fair value $ 120,805 \nDerivative Instruments and Hedging\nThe Company may use derivative instruments to partially offset its business exposure to foreign exchange and interest rate risk. \nHowever, the Company may choose not to hedge certain exposures for a variety of reasons including accounting considerations \nor the prohibitive economic cost of hedging particular exposures. There can be no assurance the hedges will offset more than a \nportion of the financial impact resulting from movements in foreign exchange or interest rates.\nForeign Exchange Risk\nTo protect gross margins from fluctuations in foreign currency exchange rates, the Company may enter into forward contracts, \noption contracts or other instruments, and may designate these instruments as cash flow hedges. The Company generally \nhedges portions of its forecasted foreign currency exposure associated with revenue and inventory purchases, typically for up to \n12 months .\nTo protect the Company’s foreign currency–denominated term debt or marketable securities from fluctuations in foreign currency \nexchange rates, the Company may enter into forward contracts, cross-currency swaps or other instruments. The Company \ndesignates these instruments as either cash flow or fair value hedges. As of September 24, 2022 , the maximum length of time \nover which the Company is hedging its exposure to the variability in future cash flows for term debt–related foreign currency \ntransactions is 20 years .\nThe Company may also enter into derivative instruments that are not designated as accounting hedges to protect gross margins \nfrom certain fluctuations in foreign currency exchange rates, as well as to offset a portion of the foreign currency exchange gains \nand losses generated by the remeasurement of certain assets and liabilities denominated in non-functional currencies.\nInterest Rate Risk\nTo protect the Company’s term debt or marketable securities from fluctuations in interest rates, the Company may enter into \ninterest rate swaps, options or other instruments. The Company designates these instruments as either cash flow or fair value \nhedges.\nThe notional amounts of the Company’s outstanding derivative instruments as of September 24, 2022 and September 25, 2021 \nwere as follows (in millions):\n2022 2021\nDerivative instruments designated as accounting hedges:\nForeign exchange contracts $ 102,670 $ 76,475 \nInterest rate contracts $ 20,125 $ 16,875 \nDerivative instruments not designated as accounting hedges:\nForeign exchange contracts $ 185,381 $ 126,918 \nApple Inc\n\ntable shows value non-current debt securities maturity\n September 24, 2022\n Due after 1 year 5 years $ 87,031\n 5 10 years 16,429\n 10 years 17,345\n Total value $ 120,805\n Derivative Instruments Hedging\n Company derivative instruments offset foreign exchange interest rate risk.\n not hedge accounting considerations\n economic cost. no hedges offset\n financial impact foreign exchange interest rates.\n Foreign Exchange Risk\n margins enter forward contracts\n option contracts cash flow hedges.\n hedges foreign currency exposure revenue inventory purchases\n 12 months.\n foreign currency–denominated debt securities\n forward contracts cross-currency swaps.\n cash flow fair value hedges. September 24, 2022 maximum\n hedging cash foreign currency\n 20 years.\n enter derivative instruments hedges protect margins\n offset exchange gains\n losses remeasurement assets liabilities non-functional currencies.\n Interest Rate Risk\n debt enter\n interest rate swaps options instruments.Company designates cash\n hedges.\n instruments September 24 25 2021\n hedges Foreign exchange contracts $ 102,670 76,475\n Interest rate contracts $ 20,125 16,875\n exchange contracts $ 185,381 126,918\n" +} +{ + "_id": "d4aa10710", + "title": "", + "text": "Exhibit 21.1\nSubsidiaries of\nApple Inc.*\nJurisdiction\nof Incorporation\nApple Asia Limited Hong Kong\nApple Asia LLC Delaware, U.S.\nApple Canada Inc. Canada\nApple Computer Trading (Shanghai) Co., Ltd. China\nApple Distribution International Limited Ireland\nApple India Private Limited India\nApple Insurance Company, Inc. Arizona, U.S.\nApple Japan, Inc. Japan\nApple Korea Limited South Korea\nApple Operations Europe Limited Ireland\nApple Operations International Limited Ireland\nApple Operations Limited Ireland\nApple Operations Mexico, S.A. de C.V. Mexico\nApple Pty Limited Australia\nApple Sales International Limited Ireland\nApple South Asia (Thailand) Limited Thailand\nApple Vietnam Limited Liability Company Vietnam\nBraeburn Capital, Inc. Nevada, U.S.\niTunes K.K. Japan\n* Pursuant to Item 601(b)(21)(ii\n\nExhibit 21.\n Subsidiaries\n Apple Inc.\n Jurisdiction\n Incorporation\n Apple Asia Hong Kong\n Delaware.\n Canada.\n Computer Trading (Shanghai. China\n Distribution International\n India\n Insurance Company. Arizona.\n Japan.\n Korea Operations Europe\n Mexico.\n Australia Sales International South Asia\n Vietnam Limited\n Braeburn Capital. Nevada.\n. Japan\n Item(b)(21)" +} +{ + "_id": "d4aa0af90", + "title": "", + "text": "governmental agreement entered into in connection with the \nimplementation of such sections of the Code; or\n(10)in the case of any combination of items (1) through (9) above.\nThe Notes are subject in all cases to any tax, fiscal or other law or regulation or administrative or judicial \ninterpretation applicable to the Notes. Except as specifically provided under this heading “—Payment of Additional \nAmounts,” the Company will not be required to make any payment for any Tax imposed by any government or a \npolitical subdivision or taxing authority of or in any government or political subdivision. As used under “—Payment of \nAdditional Amounts” and under “—Redemption for Tax Reasons,” the term “United States” means the United States \n6\n\ngovernmental agreement\n implementation sections Code\n combination items (1) through (9).\n Notes subject to tax fiscal law regulation administrative judicial\n interpretation. Except “—Payment Additional\n Amounts Company required Tax government\n political subdivision taxing authority.\n “—Redemption for Tax Reasons term “United States” means\n 6" +} +{ + "_id": "d4aa18744", + "title": "", + "text": "(4,774) (215) Other 111 (147) (97) Changes in operating assets and liabilities: Accounts receivable, net (1,823) (10,125) 6,917 Inventories 1,484 (2,642) (127) Vendor non-trade receivables (7,520) (3,903) 1,553 Other current and non-current assets (6,499) (8,042) (9,588) Accounts payable 9,448 12,326 (4,062) Deferred revenue 478 1,676 2,081 Other current and non-current liabilities 5,632 5,799 8,916 Cash generated by operating activities 122,151 104,038 80,674 Investing activities: Purchases of marketable securities (76,923) (109,558) (114,938) Proceeds from maturities of marketable securities 29,917 59,023 69,918 Proceeds from sales of marketable securities 37,446 47,460 50,473 Payments for acquisition of property, plant and equipment (10,708) (11,085) (7,309) Payments made in connection with business acquisitions, net (306) (33) (1,524) Other (1,780) (352) (909) Cash used in investing activities (22,354) (14,545) (4,289) Financing activities: Payments for taxes related to net share settlement of equity awards (6,223) (6,556) (3,634) Payments for dividends and dividend equivalents (14,841) (14,467) (14,081) Repurchases of common stock (89,402) (85,971) (72,358) Proceeds from issuance of term debt, net 5,465 20,393 16,091 Repayments of term debt (9,543) (8,750) (12,629) Proceeds from\\/(Repayments of) commercial paper, net 3,955 1,022 (963) Other (160) 976 754 Cash used in financing activities (110,749) (93,353) (86,820) Decrease in cash, cash equivalents and restricted cash (10,952) (3,860) (10,435) Cash, cash equivalents and restricted cash, ending balances $ 24,977 $ 35,929 $ 39,789 Supplemental cash flow disclosure: Cash paid for income taxes, net $ 19,573 $ 25,385 $ 9,501 Cash paid for interest $ 2,865 $ 2,687 $ 3,002 See accompanying Notes to Consolidated Financial Statements. Apple Inc. | 2022 Form 10-K | 33 Apple Inc. Notes to Consolidated Financial Statements Note 1 – Summary of Significant Accounting Policies Basis of Presentation and Preparation The consolidated financial statements include the accounts of Apple Inc. and its wholly owned subsidiaries (collectively “Apple” or the “Company”). Intercompany accounts and transactions have been eliminated. The preparation of these consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. Certain prior period amounts in the consolidated financial statements and accompanying notes have been reclassified to conform to the current period’s presentation. The Company’s fiscal year is the 52- or 53-week period that ends on the last Saturday of September. An additional week is included in the first fiscal quarter every five or six years to realign the Company’s fiscal quarters with calendar quarters, which will occur in the first quarter of the Company’s fiscal year ending September 30, 2023. The Company’s fiscal years 2022, 2021 and 2020 spanned 52 weeks each. Unless otherwise stated, references to particular years, quarters, months and periods refer to the Company’s fiscal years ended in September and the associated quarters, months and periods of those fiscal years. Revenue Recognition Net sales consist of revenue from the sale of iPhone, Mac, iPad, Services and other products. The Company recognizes revenue at the amount to which it expects to be entitled when control of the products or services is transferred to its customers. Control is generally transferred when the Company has a present right to payment and title and the significant risks and rewards of ownership of products or services are transferred to its customers. For most of the Company’s Products net sales, control transfers when products are shipped. For the Company’s Services net sales, control transfers over time as services are delivered. Payment for Products and Services net sales is collected within a short period following transfer of control or commencement of delivery of services, as applicable. The Company records reductions to Products net sales related to future product returns, price protection and other customer incentive programs based on the Company’s expectations and historical experience. For arrangements with multiple performance obligations, which represent promises within an arrangement that are distinct, the Company allocates revenue to all distinct performance obligations based on their relative stand-alone selling prices (“SSPs”). When available, the Company uses observable prices to determine SSPs. When observable prices are not available, SSPs are established that reflect the Company’s best estimates of what the selling prices of the performance obligations would be if they were sold regularly on a stand-alone basis. The Company’s process for estimating SSPs without observable prices considers multiple factors that may vary depending upon the unique facts and circumstances related to each performance obligation including, where applicable, prices charged by the Company for similar offerings, market trends in the pricing for similar offerings, product-specific business objectives and the estimated cost to provide the performance obligation. The Company has identified up to three performance obligations regularly included in arrangements involving the sale of iPhone, Mac, iPad and certain other products. The first performance obligation, which represents the substantial portion of the allocated sales price, is the hardware and bundled software delivered at the time of sale. The second performance obligation is the right to receive certain product-related bundled services, which include iCloud , Siri and Maps. The third performance obligation is the right to receive, on a when-and-if-available basis, future unspecified software upgrades relating to the software bundled with each device. The Company allocates revenue and any related discounts to these performance obligations based on their relative SSPs. Because the Company lacks observable prices for the undelivered performance obligations, the allocation of revenue is based on the Company’s estimated SSPs. Revenue allocated to the delivered hardware and bundled software is recognized when control has transferred to the customer, which generally occurs when the product is shipped. Revenue allocated to the product-related bundled services and unspecified software upgrade rights is deferred and recognized on a straight-line basis over the estimated period they are expected to be provided. Cost of sales related to delivered hardware and bundled software, including estimated warranty costs, are recognized at the time of sale. Costs incurred to provide product-related bundled services and unspecified software upgrade rights are recognized as cost of sales as incurred. For certain long-term service arrangements, the Company has performance obligations for services it has not yet delivered. For these arrangements, the Company does not have a right to bill for the undelivered services. The Company has determined that any unbilled consideration relates entirely to the value of the undelivered services. Accordingly, the Company has not recognized revenue, and does not disclose amounts, related to these undelivered services. ® ® Apple Inc. | 2022 Form 10-K | 34 For the sale of third-party products where the Company obtains control of the product before transferring it to the customer, the Company recognizes revenue based on the gross amount billed to customers. The Company considers multiple factors when determining whether it obtains control of third-party products, including evaluating if it can establish the price of the product, retains inventory risk for tangible products or has the responsibility for ensuring acceptability of the product. For third-party applications sold through the App Store and certain digital content sold through the Company’s other digital content stores, the Company does not obtain control of the product before transferring it to the customer. Therefore, the Company accounts for such sales on a net basis by recognizing in Services net sales only the commission it retains. The Company records revenue net of taxes collected from customers that are remitted to governmental authorities, with the\n\nAccounts receivable (10,125 Inventories 1,484 (2,642 non-trade receivables (7,520) (3,903) 1,553 assets Accounts payable 9,448 12,326 (4,062) Deferred revenue liabilities 5,799 8,916 Cash 122,151 104,038 80,674 Purchases (76,923) (109,558) (114,938) maturities 29,917 59,023 69,918 sales 37,446 47,460 50,473 property (10,708 (11,085) (7,309) acquisitions (22,354) (14,545) (4,289 (6,223) (6,556) (3,634 dividends (14,841) Repurchases common stock,402) (85,971) (72,358) debt 5,465 16,091 Repayments (9,543) (8,750 (12,629) commercial 3,955,749 (93,353 (86,820) (10,952) (3 24,977 35,929 39,789 taxes 19,573 25,385 interest 2,865 2,687$ 3,002 Notes Consolidated Financial Statements. Apple Inc. 2022 Form 10-K 33 Apple. Notes 1 Summary Accounting Policies consolidated financial statements include accounts Apple Inc. subsidiaries. Intercompany accounts transactions eliminated. preparation. accounting principles requires estimates assumptions. results differ. prior period amounts reclassified current presentation. fiscal year 52- or 53-week ends last Saturday September. additional week first fiscal quarter every five or six years first quarter fiscal year ending September 30, 2023. fiscal years 2022 2021 2020 52 weeks. references years quarters months periods refer fiscal years ended September. Revenue Recognition Net sales iPhone Mac iPad Services products. recognizes revenue control transferred to customers. Control transferred right to payment title risks rewards ownership transferred customers. Products net sales control transfers when shipped. Services net sales delivered. Payment Products Services collected following transfer control delivery.Company records reductions to net sales future returns price protection customer incentive programs based expectations experience. arrangements with multiple performance obligations allocates revenue to based on stand-alone selling prices (“SSPs”). uses observable prices determine SSPs. SSPs established estimates selling prices. process estimating SSPs without observable prices considers factors prices market trends product-specific business objectives estimated cost. three performance obligations in arrangements sale iPhone Mac iPad products. first hardware bundled software delivered. second right receive product-related bundled services iCloud Siri Maps. third right receive future software upgrades. Company allocates revenue discounts to obligations based on SSPs. observable prices for undelivered performance obligations allocation revenue based on estimated SSPs. Revenue delivered hardware bundled software recognized when control transferred to customer. Revenue product-related bundled services software upgrade rights deferred recognized over estimated period.Cost sales hardware software including warranty costs recognized at sale. Costs product-related services software upgrade rights recognized as cost sales. long-term service arrangements Company performance obligations for services not delivered. right to bill for undelivered services. unbilled consideration relates to value undelivered services. revenue disclose amounts related undelivered services. Apple Inc. 2022 Form 10-K 34 sale third-party products Company control before recognizes revenue based on gross amount billed. considers factors price inventory risk acceptability. third-party applications sold through App Store digital content other stores control before. accounts for sales only commission. records revenue net of taxes remitted to governmental authorities" +} +{ + "_id": "d4aa1afee", + "title": "", + "text": "global notes representing the Floating Rate Notes due 2016, Floating Rate Notes due 2018, 0.45% Notes due 2016, 1.00% Notes due 2018, 2.40% Notes due 2023 and 3.85% Notes due 2043. 8-K 4.1 5\\/3\\/13 4.4 Officer’s Certificate of the Registrant, dated as of May 6, 2014, including forms of global notes representing the Floating Rate Notes due 2017, Floating Rate Notes due 2019, 1.05% Notes due 2017, 2.10% Notes due 2019, 2.85% Notes due 2021, 3.45% Notes due 2024 and 4.45% Notes due 2044. 8-K 4.1 5\\/6\\/14 4.5 Officer’s Certificate of the Registrant, dated as of November 10, 2014, including forms of global notes representing the 1.000% Notes due 2022 and 1.625% Notes due 2026. 8-K 4.1 11\\/10\\/14 4.6 Officer’s Certificate of the Registrant, dated as of February 9, 2015, including forms of global notes representing the Floating Rate Notes due 2020, 1.55% Notes due 2020, 2.15% Notes due 2022, 2.50% Notes due 2025 and 3.45% Notes due 2045. 8-K 4.1 2\\/9\\/15 4.7 Officer’s Certificate of the Registrant, dated as of May 13, 2015, including forms of global notes representing the Floating Rate Notes due 2017, Floating Rate Notes due 2020, 0.900% Notes due 2017, 2.000% Notes due 2020, 2.700% Notes due 2022, 3.200% Notes due 2025, and 4.375% Notes due 2045. 8-K 4.1 5\\/13\\/15 4.8 Officer’s Certificate of the Registrant, dated as of July 31, 2015, including forms of global notes representing the 3.05% Notes due 2029 and 3.60% Notes due 2042. 8-K 4.1 7\\/31\\/15 4.9 Officer’s Certificate of the Registrant, dated as of September 17, 2015, including forms of global notes representing the 1.375% Notes due 2024 and 2.000% Notes due 2027. 8-K 4.1 9\\/17\\/15 (1) Apple Inc. | 2022 Form 10-K | 55 Incorporated by Reference Exhibit Number Exhibit Description Form Exhibit Filing Date\\/ Period End Date 4.10 Officer’s Certificate of the Registrant, dated as of February 23, 2016, including forms of global notes representing the Floating Rate Notes due 2019, Floating Rate Notes due 2021, 1.300% Notes due 2018, 1.700% Notes due 2019, 2.250% Notes due 2021, 2.850% Notes due 2023, 3.250% Notes due 2026, 4.500% Notes due 2036 and 4.650% Notes due 2046. 8-K 4.1 2\\/23\\/16 4.11 Supplement No. 1 to the Officer’s Certificate of the Registrant, dated as of March 24, 2016. 8-K 4.1 3\\/24\\/16 4.12 Officer’s Certificate of the Registrant, dated as of August 4, 2016, including forms of global notes representing the Floating Rate Notes due 2019, 1.100% Notes due 2019, 1.550% Notes due 2021, 2.450% Notes due 2026 and 3.850% Notes due 2046. 8-K 4.1 8\\/4\\/16 4.13 Officer’s Certificate of the Registrant, dated as of February 9, 2017, including forms of global notes representing the Floating Rate Notes due 2019, Floating Rate Notes due 2020, Floating Rate Notes due 2022, 1.550% Notes due 2019, 1.900% Notes due 2020, 2.500% Notes due 2022, 3.000% Notes due 2024, 3.350% Notes due 2027 and 4.250% Notes due 2047. 8-K4.1 2\\/9\\/17 4.14 Officer’s Certificate of the Registrant, dated as of May 11, 2017, including forms of global notes representing the Floating Rate Notes due 2020, Floating Rate Notes due 2022, 1.800% Notes due 2020, 2.300% Notes due 2022, 2.850% Notes due 2024 and 3.200% Notes due 2027. 8-K 4.1 5\\/11\\/17 4.15 Officer’s Certificate of the Registrant, dated as of May 24, 2017, including forms of global notes representing the 0.875% Notes due 2025 and 1.375% Notes due 2029. 8-K 4.1 5\\/24\\/17 4.16 Officer’s Certificate of the Registrant, dated as of June 20, 2017, including form of global note representing the 3.000% Notes due 2027. 8-K 4.1 6\\/20\\/17 4.17 Officer’s Certificate of the Registrant, dated as of August 18, 2017, including form of global note representing the 2.513% Notes due 2024. 8-K 4.1 8\\/18\\/17 4.18 Officer’s Certificate of the Registrant, dated as of September 12, 2017, including forms of global notes representing the 1.500% Notes due 2019, 2.100% Notes due 2022, 2.900% Notes due 2027 and 3.750% Notes due 2047. 8-K 4.1 9\\/12\\/17 4.19 Officer’s Certificate of the Registrant, dated as of November 13, 2017, including forms of global notes representing the 1.800% Notes due 2019, 2.000% Notes due 2020, 2.400% Notes due 2023, 2.750% Notes due 2025, 3.000% Notes due 2027 and 3.750% Notes due 2047. 8-K 4.1 11\\/13\\/17 4.20 Indenture, dated as of November 5, 2018, between the Registrant and The Bank of New York Mellon Trust Company, N.A., as Trustee. S-3 4.1 11\\/5\\/18 4.21 Officer’s Certificate of the Registrant, dated as of September 11, 2019, including forms of global notes representing the 1.700% Notes due 2022, 1.800% Notes due 2024, 2.050% Notes due 2026, 2.200% Notes due 2029 and 2.950% Notes due 2049. 8-K 4.1 9\\/11\\/19 4.22 Officer’s Certificate of the Registrant, dated as of November 15, 2019, including forms of global notes representing the 0.000% Notes due 2025 and 0.500% Notes due 2031. 8-K 4.1 11\\/15\\/19 4.23 Officer’s Certificate of the Registrant, dated as of May 11, 2020, including forms of global notes representing the 0.750% Notes due 2023, 1.125% Notes due 2025, 1.650% Notes due 2030 and 2.650% Notes due 2050. 8-K 4.1 5\\/11\\/20 4.24 Officer’s Certificate of the Registrant, dated as of August 20, 2020, including forms of global notes representing the 0.550% Notes due 2025, 1.25% Notes due 2030, 2.400% Notes due 2050 and 2.550% Notes due 2060. 8-K 4.1 8\\/20\\/20 4.25 Officer’s Certificate of the Registrant, dated as of February 8, 2021, including forms of global notes representing the 0.700% Notes due 2026, 1.200% Notes due 2028, 1.650% Notes due 2031, 2.375% Notes due 2041, 2.650% Notes due 2051 and 2.800% Notes due 2061. 8-K 4.1 2\\/8\\/21 4.26 Officer’s Certificate of the Registrant, dated as of August 5, 2021, including forms of global notes representing the 1.400% Notes due 2028, 1.700% Notes due 2031, 2.700% Notes due 2051 and 2.850% Notes due 2061. 8-K 4.1 8\\/5\\/21 4.27 Indenture, dated as of October 28, 2021, between the Registrant and The Bank of New York Mellon Trust Company, N\n\nFloating Rate 2016, 2018. 45%.%. 40% 2023. 85% 2043. Officer’s Certificate Registrant May 6 2014, global notes Floating Rate 2017 2019. 05%. 10%. 85% 2021. 45% 2024 4. 45% 2044. Officer’s Certificate Registrant November 10 2014, global notes 1. 000% 2022. 625% 2026. Officer’s Certificate Registrant February 9 2015, notes Floating Rate 2020. 55% 2. 15% 2022. 50% 2025 3. 45% 2045. Officer’s Certificate Registrant May 13, 2015, Floating Rate 2017 2020. 900%. 000%. 700% 2022 3. 200% 2025 4. 375% 2045. Officer’s Certificate Registrant July 31, 2015, global notes 3. 05% 2029 3. 60% 2042. Officer’s Certificate Registrant September 17, 2015, global notes 1. 375% 2024.Notes 2027. 8-K. Apple Inc. 2022 Form 10-K 55 Incorporated Reference Exhibit Number Filing Date Period. Officer’s Certificate Registrant February 23, 2016, global notes Floating Rate 2019 2021. 300% 2018. 700% 2019. 250% 2021. 850% 2023. 250% 2026. 500% 2036. 650% 2046. Supplement. Officer’s Certificate Registrant March 24 2016. Certificate August 4 2016, Floating Rate 2019. 100%. 550% 2021. 450% 2026 3. 850% 2046. Certificate Registrant February 9 2017 global Floating Rate 2019 2022. 550%. 900% 2020. 500% 2022. 000% 2024. 350% 2027 4. 250% 2047. Officer’s Certificate Registrant May 11 2017 global Floating Rate 2020 2022. 800%. 300%. 850% 2024. 200% 2027.. 15 Certificate Registrant May 24 2017 global notes. 875% 2025. 375% 2029. 16 Certificate June 20 2017 global note 3. 000% 2027. Certificate August 18 2017 global note 2. 513% 2024. 18 Certificate September 12 2017 global notes 1. 500% 2019. 100% 2022. 900% 2027 3. 750% 2047. 19 Certificate November 13, 2017 global notes. 800% 2019 2. 000% 2020 2. 400% 2023. 750% 2025 3. 000% 2027 3. 750% 2047. 11\\/13\\/17. 20 Indenture November 5 2018 Registrant Bank New York Mellon Trust Company. 21 Officer’s Certificate Registrant September 11 2019 global notes 1. 700% 2022. 800% 2024. 050% 2026. 200% 2029. 950% 2049.Officer’s Certificate Registrant November 15 2019 global notes. 000% 2025. 500% 2031. Certificate May 11 2020 global notes. 750% 2023. 125% 2025. 650% 2030 2. 650% 2050. Certificate August 20 2020 global notes. 550% 2025. 25% 2030. 400% 2050. 550% 2060. Certificate February 8 2021 global notes. 700% 2026. 200% 2028. 650% 2031. 375% 2041 2. 650% 2051 2. 800% 2061. Officer’s Certificate August 5 2021 global notes 1. 400% 2028. 700% 2031 2. 700% 2051 2. 850% 2061. Indenture October 28, 2021 Registrant Bank New York Mellon Trust Company" +} +{ + "_id": "d4aa06a44", + "title": "", + "text": "Apple Inc.\nCONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY\n(In millions, except per share amounts)\nYears ended\nSeptember 24,\n2022September 25,\n2021September 26,\n2020\nTotal shareholders’ equity, beginning balances $ 63,090 $ 65,339 $ 90,488 \nCommon stock and additional paid-in capital:\nBeginning balances 57,365 50,779 45,174 \nCommon stock issued 1,175 1,105 880 \nCommon stock withheld related to net share settlement of equity \nawards (2,971) (2,627) (2,250) \nShare-based compensation 9,280 8,108 6,975 \nEnding balances 64,849 57,365 50,779 \nRetained earnings/(Accumulated deficit):\nBeginning\n\nApple.\n EQUITY equity balances 63,090 65,339 90,488\n stock capital\n balances 57,365 50,779 45,174\n issued 1,175 1,105\n withheld settlement (2,971) compensation 9,280 8,108\n balances 64,849 57,365 50,779\n Retained earnings\n" +} +{ + "_id": "d4aa0a9e6", + "title": "", + "text": " Notes”); (v) 0.875% Notes due 2025 \n(the “0.875% 2025 Notes”); (vi) 1.625% Notes due 2026 (the “2026 Notes”); (vii) 2.000% Notes due 2027 (the “2027 \nNotes”); (viii) 1.375% Notes due 2029 (the “1.375% 2029 Notes”); (ix) 3.050% Notes due 2029 (the “3.050% 2029 \nNotes”); (x) 0.500% Notes due 2031 (the “2031 Notes”); and (xi) 3.600% Notes due 2042 (the “2042 Notes,” and \ntogether with the 2022 Notes, the 2024 Notes, the 0.000% 2025 Notes, the 0.875% 2025 Notes, the\n\n0. 875% Notes 2025\n. 1. 625% Notes 2026 2. 000% Notes 2027\n 1. 375% Notes 2029. 3. 050% Notes 2029.\n 0. 500% Notes 2031 3. 600% Notes 2042\n 2022 2024 Notes 0. 000% 2025 Notes. 875%" +} +{ + "_id": "d4aa06b84", + "title": "", + "text": "A reconciliation of the provision for income taxes to the amount computed by applying the statutory federal income tax rate ( 21% \nin 2022 , 2021 and 2020 ) to income before provision for income taxes for 2022 , 2021 and 2020 , is as follows (dollars in millions):\n2022 2021 2020\nComputed expected tax $ 25,012 $ 22,933 $ 14,089 \nState taxes, net of federal effect 1,518 1,151 423 \nImpacts of the Act 542 — (582) \nEarnings of foreign subsidiaries (4,366) (4,715) (2,534) \nForeign-derived intangible income deduction (296) (1,372) (169) \nResearch and development credit, net (1,153) (1,033) (728) \nExcess tax benefits from equity awards \n\ntaxes federal 21%\n tax $ 25,012 22,933 14,089\n State taxes federal 1,518 1,151 423\n Impacts Act 542\n Earnings foreign subsidiaries (4,366) (4,715)\n Foreign income deduction (296)\n Research development credit (1,153) (1,033)\n Excess tax benefits equity awards" +} +{ + "_id": "d4aa124fc", + "title": "", + "text": ") Hedge accounting fair value adjustments (1,363) 1,036 Less: Current portion of term debt (11,128) (9,613) Total non-current portion of term debt $ 98,959 $ 109,106 To manage interest rate risk on certain of its U.S. dollar–denominated fixed-rate notes, the Company has entered into interest rate swaps to effectively convert the fixed interest rates to floating interest rates on a portion of these notes. Additionally, to manage foreign currency risk on certain of its foreign currency– denominated notes, the Company has entered into foreign currency swaps to effectively convert these notes to U.S. dollar–denominated notes. The effective interest rates for the Notes include the interest on the Notes, amortization of the discount or premium and, if applicable, adjustments related to hedging. The Company recognized $2.8 billion, $2.6 billion and $2.8 billion of interest expense on its term debt for 2022, 2021 and 2020, respectively. Apple Inc. | 2022 Form 10-K | 45 The future principal payments for the Company’s Notes as of September 24, 2022, are as follows (in millions): 2023 $ 11,139 2024 9,910 2025 10,645 2026 11,209 2027 9,631 Thereafter 59,290 Total term debt $ 111,824 As of September 24, 2022 and September 25, 2021, the fair value of the Company’s Notes, based on Level 2 inputs, was $98.8 billion and $125.3 billion, respectively. Note 8 – Shareholders’ Equity Share Repurchase Program During 2022, the Company repurchased 569 million shares of its common stock for $90.2 billion under a share repurchase program authorized by the Board of Directors (the “Program”). The Program does not obligate the Company to acquire a minimum amount of shares. Under the Program, shares may be repurchased in privately negotiated and\\/or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Shares of Common Stock The following table shows the changes in shares of common stock for 2022, 2021 and 2020 (in thousands): 2022 2021 2020 Common stock outstanding, beginning balances 16,426,786 16,976,763 17,772,945 Common stock repurchased (568,589) (656,340) (917,270) Common stock issued, net of shares withheld for employee taxes 85,228 106,363 121,088 Common stock outstanding, ending balances 15,943,425 16,426,786 16,976,763 Note 9 – Benefit Plans 2022 Employee Stock Plan In the second quarter of 2022, shareholders approved the Apple Inc. 2022 Employee Stock Plan (the “2022 Plan”), which provides for broad-based equity grants to employees, including executive officers, and permits the granting of restricted stock units (“RSUs”), stock grants, performance-based awards, stock options and stock appreciation rights. RSUs granted under the 2022 Plan generally vest over four years, based on continued employment, and are settled upon vesting in shares of the Company’s common stock on a one-for-one basis. RSUs granted under the 2022 Plan reduce the number of shares available for grant under the plan by a factor of two times the number of RSUs granted. RSUs canceled and shares withheld to satisfy tax withholding obligations increase the number of shares available for grant under the 2022 Plan utilizing a factor of two times the number of RSUs canceled or shares withheld. All RSUs granted under the 2022 Plan have dividend equivalent rights (“DERs”), which entitle holders of RSUs to the same dividend value per share as holders of common stock. DERs are subject to the same vesting and other terms and conditions as the underlying RSUs. A maximum of approximately 1.3 billion shares were authorized for issuance pursuant to 2022 Plan awards at the time the plan was approved on March 4, 2022. 2014 Employee Stock Plan The Apple Inc. 2014 Employee Stock Plan (the “2014 Plan”) is a shareholder-approved plan that provided for broad-based equity grants to employees, including executive officers. The 2014 Plan permitted the granting of substantially the same types of equity awards with substantially the same terms as the 2022 Plan. The 2014 Plan also permitted the granting of cash bonus awards. In the third quarter of 2022, the Company terminated the authority to grant new awards under the 2014 Plan. Apple Inc. | 2022 Form 10-K | 46 Apple Inc. Non-Employee Director Stock Plan The Apple Inc. Non-Employee Director Stock Plan (the “Director Plan”) is a shareholder-approved plan that (i) permits the Company to grant awards of RSUs or stock options to the Company’s non-employee directors, (ii) provides for automatic initial grants of RSUs upon a non-employee director joining the Board of Directors and automatic annual grants of RSUs at each annual meeting of shareholders, and (iii) permits the Board of Directors to prospectively change the value and relative mixture of stock options and RSUs for the initial and annual award grants and the methodology for determining the number of shares of the Company’s common stock subject to these grants, in each case within the limits set forth in the Director Plan and without further shareholder approval. RSUs granted under the Director Plan reduce the number of shares available for grant under the plan by a factor of two times the number of RSUs granted. The Director Plan expires on November 12, 2027. All RSUs granted under the Director Plan are entitled to DERs, which are subject to the same vesting and other terms and conditions as the underlying RSUs. A maximum of approximately 45 million shares (split-adjusted) were authorized for issuance pursuant to Director Plan awards at the time the plan was last amended on November 9, 2021. Employee Stock Purchase Plan The Employee Stock Purchase Plan (the “Purchase Plan”) is a shareholder-approved plan under which substantially all employees may voluntarily enroll to purchase the Company’s common stock through payroll deductions at a price equal to 85% of the lower of the fair market values of the stock as of the beginning or the end of six-month offering periods. An employee’s payroll deductions under the Purchase Plan are limited to 10% of the employee’s eligible compensation and employees may not purchase more than $25,000 of stock during any calendar year. A maximum of approximately 230 million shares (split-adjusted) were authorized for issuance under the Purchase Plan at the time the plan was last amended and restated on March 10, 2015. 401(k) Plan The Company’s 401(k) Plan is a tax-qualified deferred compensation arrangement under Section 401(k) of the Internal Revenue Code. Under the 401(k) Plan, participating U.S. employees may contribute a portion of their eligible earnings, subject to applicable U.S. Internal Revenue Service and plan limits. The Company matches 50% to 100% of each employee’s contributions, depending on length of service, up to a maximum of 6% of the employee’s eligible earnings. Restricted Stock Units A summary of the Company’s RSU activity and related information for 2022, 2021 and 2020, is as follows: Number of RSUs (in thousands) Weighted-Average Grant Date Fair Value Per RSU Aggregate Fair Value (in millions) Balance as of September 28, 2019 326,068 $ 42.30 RSUs granted 156,800 $ 59.20 RSUs vested (157,743) $ 40.29 RSUs canceled (14,347) $ 48.07 Balance as of September 26, 2020 310,778 $ 51.58 RSUs granted 89,363 $ 116.33 RSUs vested (145,766) $ 50.71 RSUs canceled (13,948) $ 68.95 Balance as of September 25, 2021 240,427 $ 75.16 RSUs granted 91,674 $ 150.70 RSUs vested (115,861) $ 72.12 RSUs canceled (14,739) $ 99.77 Balance as of September 24, 2022 201,501 $ 109.48 $ 30,312 The fair value as of the respective vesting dates of RSUs was $18.2 billion, $19.0 billion and $10.8 billion for 2022, 2021 and 2020, respectively. The majority of RSUs that vested in 2022, 2021 and 2020 were net\n\nHedge accounting value adjustments (1,363) 1,036 Current term debt (11,128) (9,613) non-current $ 98,959 109,106 interest rate risk.-rate notes swaps floating. foreign currency risk. interest rates include amortization adjustments hedging. recognized $2. 8 billion $2. 6 billion $2. 8 billion interest expense term debt 2022 2021 2020. Apple. Form 10-K future principal payments Notes September 24 2023 $ 11,139 2024 2025 10,645 2026 11,209 2027 59,290 Total term debt $ 111,824 September 24 2022 2021 fair value Notes $98. 8 billion $125. 3 billion. Shareholders’ Equity Share Repurchase Program repurchased 569 million shares common stock $90. 2 billion repurchase program. obligate shares. open market transactions Rule Securities Exchange Act 1934.Shares Common Stock table shows changes 2022 2021 2020 outstanding balances 16,426,786 16,976,763 17,772,945 repurchased (568,589) (656,340) (917,270) issued withheld taxes 85,228 106,363 121,088 balances 15,943,425 16,426,786 16,976,763 Benefit Plans 2022 Employee Stock Plan second quarter 2022 shareholders approved Apple Inc. 2022 Employee Stock Plan equity grants employees restricted stock units stock grants performance-based awards stock options appreciation rights. RSUs vest four years settled vesting common stock. RSUs reduce shares grant two. canceled withheld. RSUs dividend equivalent rights same dividend value share common stock. same vesting terms conditions RSUs. 1. 3 billion shares authorized issuance approved March 4, 2022. 2014 Employee Stock Plan Apple Inc. 2014 shareholder-approved equity grants employees executive officers.2014 Plan permitted same equity awards terms as 2022 Plan. permitted cash bonus awards. third quarter 2022 Company terminated authority grant new awards 2014 Plan. Apple Inc. 2022 Form 10-K 46. Non-Employee Director Stock Plan. shareholder-approved permits grant RSUs stock options non-employee directors provides automatic initial grants non director joining Board annual grants each meeting change value mixture stock options RSUs grants methodology determining shares common stock. RSUs granted reduce shares grant two times. Plan expires November 12, 2027. All RSUs granted entitled to subject same vesting terms conditions underlying RSUs. 45 million shares (split-adjusted authorized for issuance Plan last amended November 9, 2021.Employee Stock Purchase Plan shareholder-approved employees common stock 85% fair market values. payroll deductions 10% compensation more $25,000. 230 million shares authorized March 10, 2015. 401(k) Plan tax-qualified deferred compensation. employees contribute earnings. matches 50% to 100% contributions 6% earnings. Restricted Stock Units RSU activity 2022 2021 2020 RSUs Weighted-Average Grant Date Fair Value Balance September 28, 2019 326,068 $ 42. 30 granted 156,800 $ 59. 20 vested (157,743) $ 40. 29 canceled (14,347) $ 48. September 26, 2020 310,778 $ 51. 58 granted 89,363 $ 116. 33 vested (145,766) $. 71 canceled (13,948) $. Balance September 25, 2021 240,427 $ 75. 16 granted 91,674 $ 150. 70 vested (115,861).RSUs canceled (14,739. Balance September 24 2022 201,501. 30,312 value $18. 2 billion $19. billion $10. 8 billion 2022 2021." +} +{ + "_id": "d4aa07b56", + "title": "", + "text": "The gross fai r values of the Company’s derivative assets and liabilities as of September 24, 2022 were as follows (in millions):\n2022\nFair Value of\nDerivatives Designated\nas Accounting HedgesFair Value of\nDerivatives Not Designated\nas Accounting HedgesTotal\nFair Value\nDerivative assets (1):\nForeign exchange contracts $ 4,317 $ 2,819 $ 7,136 \nDerivative liabilities (2):\nForeign exchange contracts $ 2,205 $ 2,547 $ 4,752 \nInterest rate contracts $ 1,367 $ — $ 1,367 \n(1) Derivative assets are measured using Level 2 fair value inputs and are included in other current assets and other non-\ncurrent assets in the Consolidated Balance Sheets.\n(2) Derivative liabilities are measured using Level 2 fair value inputs and are included in other current liabilities and other\n\nvalues derivative assets liabilities September 24, 2022\n Derivatives Accounting assets\n Foreign exchange contracts $ 4,317 $ 2,819 $ 7,136\n liabilities\n exchange contracts $ 2,205 $ 2,547 $\n Interest rate contracts $ 1,367 1,367\n assets measured Level 2 included\n Consolidated Balance Sheets.\n liabilities measured Level 2" +} +{ + "_id": "d4aa01ecc", + "title": "", + "text": "es or unauthorized access to or releases of confidential information, including personal information, could subject \nthe Company to significant reputational, financial, legal and operational consequences.\nThe Company’s business requires it to use and store confidential information, including personal information, with respect to the \nCompany’s customers and employees. The Company devotes significant resources to network and data security, including \nthrough the use of encryption and other security measures intended to protect its systems and data. But these measures cannot \nprovide absolute security, and losses or unauthorized access to or releases of confidential information occur and could materially \nadversely affect the Company’s business, reputation, results of operations and financial condition.\nThe Company’s business also requires it to share confidential information with suppliers and other third parties. The Company \nrelies on global suppliers that are also exposed to ransomware and other malicious attacks that can disrupt business operations. \nAlthough the Company takes steps to secure confidential information that is provided to or accessible by third parties working on \nthe Company’s behalf, such measures are not always effective and losses or unauthorized access to or releases of confidential \ninformation occur. Such incidents and other malicious attacks could materially adversely affect the Company’s business, \nreputation, results of operations and financial condition.\nApple Inc. | 2022 Form 10-K | 11\n\nunauthorized access releases confidential information\n Company to reputational financial legal operational consequences.\n business requires confidential information respect\n customers employees. devotes resources to network data security\n encryption security measures.\n provide absolute security losses access releases\n affect business reputation financial condition.\n information with suppliers third parties.\n relies on global suppliers exposed to ransomware malicious attacks.\n confidential information third parties\n measures not always effective losses access releases\n occur. attacks affect business\n reputation financial condition.\n Apple Inc. 2022 Form 10-K 11" +} +{ + "_id": "d4aa06274", + "title": "", + "text": " \nthe model, the Company estimates with 95% confidence, a maximum one-day loss in fair value of $1.0 billion as of \nSeptember 24, 2022 , compared to a maximum one-day loss in fair value of $550 million as of September 25, 2021 . Because the \nCompany uses foreign currency instruments for hedging purposes, the losses in fair value incurred on those instruments are \ngenerally offset by increases in the fair value of the underlying exposures.\nActual future gains and losses associated with the Company’s investment portfolio, debt and derivative positions may differ \nmaterially from the sensitivity analyses performed as of September  24, 2022 due to the inherent limitations associated with \npredicting the timing and amount of changes in interest rates, foreign currency exchange rates and the Company’s actual \nexposures and positions.\nApple Inc. | 2022 Form 10-K | 27\n\n\n Company estimates 95%-day loss $1. 0 billion\n September 24 2022 loss $550 million September 25, 2021.\n uses foreign currency hedging losses\n offset increases exposures.\n future gains losses investment portfolio debt derivative positions differ\n analyses September 24 2022 limitations\n interest rates currency\n exposures positions.\n Apple Inc. 2022 Form 10-K" +} +{ + "_id": "d4a9ffd70", + "title": "", + "text": "Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its \ninternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting \nfirm that prepared or issued its audit report. ☒\nIndicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act).\nYes ☐ No ☒\nThe aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant, as of March 25, 2022 , the last business \nday of the Registrant’s most recently completed second fiscal quarter, was approximately $2,830,0\n\nRegistrant filed report\n control financial reporting Section 404(b Sarbanes-Oxley Act (15 U. S. C. 7262(b) registered accounting\n firm audit report.\n Registrant company Rule 12b-2 Act.\n Yes\n aggregate market value voting non-voting stock non Registrant March 25, 2022\n approximately $2,830,0" +} +{ + "_id": "d4aa06da0", + "title": "", + "text": " additional week is \nincluded in the first fiscal quarter every five or six years to realign the Company’s fiscal quarters with calendar quarters , which will \noccur in the first quarter of the Company’s fiscal year ending September 30, 2023 . The Company’s fiscal years 2022 , 2021 and \n2020 spanned 52 weeks each. Unless otherwise stated, references to particular years, quarters, months and periods refer to the \nCompany’s fiscal years ended in September and the associated quarters, months and periods of those fiscal years .\nRevenue Recognition\nNet sales consist of revenue from the sale of iPhone, Mac, iPad, Services and other products. The Company recognizes revenue \nat the amount to which it expects to be entitled when control of the products or services is transferred to its customers. Control is \ngenerally transferred when the Company has a present right to payment and title and the significant risks and rewards of\n\nweek\n first fiscal quarter five six years realign\n first quarter fiscal year ending September 30, 2023. fiscal years 2022 2021\n 2020 52 weeks. references years quarters months periods refer\n fiscal years ended September.\n Revenue Recognition\n Net sales iPhone Mac iPad Services products. Company recognizes revenue\n control transferred customers. Control\n transferred right payment title risks rewards" +} +{ + "_id": "d4aa07336", + "title": "", + "text": "Note 11 – Segment Information and Geographic Data\nThe following table shows information by reportable segment for 2022 , 2021 and 2020 (in millions):\n2022 2021 2020\nAmericas:\nNet sales $ 169,658 $ 153,306 $ 124,556 \nOperating income $ 62,683 $ 53,382 $ 37,722 \nEurope:\nNet sales $ 95,118 $ 89,307 $ 68,640 \nOperating income $ 35,233 $ 32,505 $ 22,170 \nGreater China:\nNet sales $ 74,200 $ 68,366 $ 40,308 \nOperating income $ 31,153 $ 28,504 $ 15,261 \nJapan:\nNet sales $ 25,977 $ 28,482 $ 21,418 \nOperating income $ 12,257 $ 12,798 $ 9,279 \nRest of Asia Pacific:\nNet sales $ 29,375 $ 26\n\nSegment\n table sales 169,658 153,306 124,556\n income 62,683 53,382 37,722\n Europe 95,118 89,307 68,640\n 35,233 32,505 22,170\n China\n 74,200 68,366 40,308\n 31,153 28,504 15,261\n Japan\n 25,977 28,482 21,418\n 12,257,798 9,279\n 29,375" +} +{ + "_id": "d4aa11cbe", + "title": "", + "text": "127,877 Total $ 189,961 $ 1,753 $ (1,198) $ 190,516 $ 34,940 $ 27,699 $ 127,877 (1) Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities. (2) Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. (3) As of September 24, 2022 and September 25, 2021, total marketable securities included $12.7 billion and $17.9 billion, respectively, that were restricted from general use, related to the State Aid Decision (refer to Note 5, “Income Taxes”) and other agreements. (1) (2) (3) (1) (2) (3) Apple Inc. | 2022 Form 10-K | 38 The following table shows the fair value of the Company’s non-current marketable debt securities, by contractual maturity, as of September 24, 2022 (in millions): Due after 1 year through 5 years $ 87,031 Due after 5 years through 10 years 16,429 Due after 10 years 17,345 Total fair value $ 120,805 Derivative Instruments and Hedging The Company may use derivative instruments to partially offset its business exposure to foreign exchange and interest rate risk. However, the Company may choose not to hedge certain exposures for a variety of reasons including accounting considerations or the prohibitive economic cost of hedging particular exposures. There can be no assurance the hedges will offset more than a portion of the financial impact resulting from movements in foreign exchange or interest rates. Foreign Exchange Risk To protect gross margins from fluctuations in foreign currency exchange rates, the Company may enter into forward contracts, option contracts or other instruments, and may designate these instruments as cash flow hedges. The Company generally hedges portions of its forecasted foreign currency exposure associated with revenue and inventory purchases, typically for up to 12 months. To protect the Company’s foreign currency–denominated term debt or marketable securities from fluctuations in foreign currency exchange rates, the Company may enter into forward contracts, cross-currency swaps or other instruments. The Company designates these instruments as either cash flow or fair value hedges. As of September 24, 2022, the maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for term debt–related foreign currency transactions is 20 years. The Company may also enter into derivative instruments that are not designated as accounting hedges to protect gross margins from certain fluctuations in foreign currency exchange rates, as well as to offset a portion of the foreign currency exchange gains and losses generated by the remeasurement of certain assets and liabilities denominated in non-functional currencies. Interest Rate Risk To protect the Company’s term debt or marketable securities from fluctuations in interest rates, the Company may enter into interest rate swaps, options or other instruments. The Company designates these instruments as either cash flow or fair value hedges. The notional amounts of the Company’s outstanding derivative instruments as of September 24, 2022 and September 25, 2021 were as follows (in millions): 2022 2021 Derivative instruments designated as accounting hedges: Foreign exchange contracts $ 102,670 $ 76,475 Interest rate contracts $ 20,125 $ 16,875 Derivative instruments not designated as accounting hedges: Foreign exchange contracts $ 185,381 $ 126,918 Apple Inc. | 2022 Form 10-K | 39 The gross fair values of the Company’s derivative assets and liabilities as of September 24, 2022 were as follows (in millions): 2022 Fair Value of Derivatives Designated as Accounting Hedges Fair Value of Derivatives Not Designated as Accounting Hedges Total Fair Value Derivative assets : Foreign exchange contracts $ 4,317 $ 2,819 $ 7,136 Derivative liabilities : Foreign exchange contracts $ 2,205 $ 2,547 $ 4,752 Interest rate contracts $ 1,367 $ — $ 1,367 (1) Derivative assets are measured using Level 2 fair value inputs and are included in other current assets and other non-current assets in the Consolidated Balance Sheets. (2) Derivative liabilities are measured using Level 2 fair value inputs and are included in other current liabilities and other non-current liabilities in the Consolidated Balance Sheets. The derivative assets above represent the Company’s gross credit exposure if all counterparties failed to perform. To mitigate credit risk, the Company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair values of certain derivatives fluctuate from contractually established thresholds. To further limit credit risk, the Company generally enters into master netting arrangements with the respective counterparties to the Company’s derivative contracts, under which the Company is allowed to settle transactions with a single net amount payable by one party to the other. As of September 24, 2022, the potential effects of these rights of set-off associated with the Company’s derivative contracts, including the effects of collateral, would be a reduction to both derivative assets and derivative liabilities of $7.8 billion, resulting in a net derivative asset of $412 million. The carrying amounts of the Company’s hedged items in fair value hedges as of September 24, 2022 and September 25, 2021 were as follows (in millions): 2022 2021 Hedged assets\\/(liabilities): Current and non-current marketable securities $ 13,378 $ 15,954 Current and non-current term debt $ (18,739) $ (17,857) Accounts Receivable Trade Receivables The Company has considerable trade receivables outstanding with its third-party cellular network carriers, wholesalers, retailers, resellers, small and mid-sized businesses and education, enterprise and government customers. The Company generally does not require collateral from its customers; however, the Company will require collateral or third-party credit support in certain instances to limit credit risk. In addition, when possible, the Company attempts to limit credit risk on trade receivables with credit insurance for certain customers or by requiring third-party financing, loans or leases to support credit exposure. These credit- financing arrangements are directly between the third-party financing company and the end customer. As such, the Company generally does not assume any recourse or credit risk sharing related to any of these arrangements. As of September 24, 2022, the Company had one customer that represented 10% or more of total trade receivables, which accounted for 10%. The Company’s cellular network carriers accounted for 44% and 42% of total trade receivables as of September 24, 2022 and September 25, 2021, respectively. Vendor Non-Trade Receivables The Company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these vendors who manufacture subassemblies or assemble final products for the Company. The Company purchases these components directly from suppliers. As of September 24, 2022, the Company had two vendors that individually represented 10% or more of total vendor non-trade receivables, which accounted for 54% and 13%. As of September 25, 2021, the Company had three vendors that individually represented 10% or more of total vendor non-trade receivables, which accounted for 52%, 11% and 11%. (1) (2) Apple Inc. | 2022 Form 10-K | 40 Note 4 – Consolidated Financial Statement Details The following tables show the Company’s consolidated financial statement details as of September 24, 2022 and September 25, 2021 (in millions): Property, Plant and Equipment, Net 2022 2021 Land and buildings $ 22,126 $ 20,041 Machinery, equipment and internal-use software 81,060 78,659 Leasehold improvements 11,271 11,023 Gross property, plant and equipment 114,457 109,723 Accumulated depreciation and amortization (72,340) (70,283) Total property, plant and equipment, net $ 42,117 $ 39,440 Other Non-Current Liabilities 2022 2021 Long-term taxes payable $ 16,657 $ 24,689 Other non-current liabilities 32,485 28,636 Total other non-current liabilities $\n\n127,877 Total $ 189,961 1,753 (1,198) 190,516 34,940 27,699 127,877 Level 1 value estimates quoted prices markets assets. Level 2 estimates inputs. September 24, 2022 September 25, 2021 marketable securities $12. 7 billion $17. 9 billion restricted use State Aid Decision Note 5 agreements. Apple Inc. 2022 Form 10-K 38 table shows fair value non-current marketable debt securities maturity September 24, 2022 Due after 1 year through 5 years $ 87,031 5 years 10 years 16,429 10 years 17,345 Total value $ 120,805 Derivative Instruments Hedging instruments offset foreign exchange interest rate risk. not hedge accounting considerations prohibitive cost. no hedges offset financial impact foreign exchange interest rates. protect forward contracts option contracts cash flow hedges. hedges foreign currency exposure revenue inventory purchases 12 months.foreign debt securities enter forward contracts cross-currency swaps instruments. designates instruments cash flow or fair value hedges. September 24 2022 maximum future 20 years. enter instruments not hedges protect margins offset gains losses assets-functional. Interest Rate Risk debt enter interest rate swaps options instruments. designates instruments cash flow or fair value hedges. outstanding derivative instruments September 24, 2022 September 25, 2021 millions): 2022 2021 hedges Foreign exchange contracts $ 102,670 $ 76,475 Interest rate contracts $ 20,125 $ 16,875 Foreign exchange contracts $ 185,381 $ 126,918 Apple.2022 Form 10-K gross values derivative assets liabilities September 24, 2022 Value Derivatives Accounting Hedges Total assets Foreign exchange contracts $ 4,317 $ 2,819 $ 7,136 liabilities Foreign exchange contracts $ 2,205 $ 2,547 $ Interest rate contracts $ 1,367 Derivative assets Level 2 fair value included current non-current assets Consolidated Balance Sheets. liabilities Level 2. derivative assets represent gross credit exposure if counterparties perform. risk enters collateral security arrangements fair values fluctuate. limit credit risk enters master netting arrangements transactions single net amount payable. September 24, 2022 potential effects rights set-off derivative assets liabilities $7. 8 billion net derivative asset $412 million.amounts hedged items September 24, 2022 25, 2021 millions): 2022 2021 Hedged assets marketable securities $ 13,378 $ 15,954 term debt $ (18,739) $ (17,857) Receivable Trade Receivables Company receivables with third cellular carriers wholesalers retailers resellers small businesses education enterprise government customers. collateral collateral third-party credit support limit credit risk. credit risk credit insurance requiring third-party financing loans leases. arrangements. Company recourse credit risk sharing. September 24, 2022 one customer 10% or more trade receivables 10%. cellular network carriers accounted 44% 42% receivables 2021. Vendor Non-Trade Receivables non-trade receivables from manufacturing vendors. purchases. September 24, 2022 two vendors 10% receivables 54% 13%. September 25, 2021 three vendors 10% 52% 11% 11%. Apple Inc.10-K Statement September 24 25 2021 Property Plant Equipment Land buildings 22,126 20,041 Machinery software 81,060 78,659 Leasehold improvements 11,271 property plant equipment 114,457,723 depreciation amortization (72,340) 42,117 39,440 Liabilities taxes 16,657 24,689 liabilities 32,485 28,636" +} +{ + "_id": "d4aa099d8", + "title": "", + "text": "4.10 Officer’s Certificate of the Registrant, dated as of February 23, 2016, including \nforms of global notes representing the Floating Rate Notes due 2019, Floating \nRate Notes due 2021, 1.300% Notes due 2018, 1.700% Notes due 2019, \n2.250% Notes due 2021, 2.850% Notes due 2023, 3.250% Notes due 2026, \n4.500% Notes due 2036 and 4.650% Notes due 2046.8-K 4.1 2/23/16\n4.11 Supplement No. 1 to the Officer’s Certificate of the Registrant, dated as of March \n24, 2016.8-K 4.1 3/24/16\n4.12 Officer’s Certificate of the Registrant, dated as of August 4, 2016, including forms \nof global notes representing the Floating Rate Notes due 2019, 1.100\n\n. Officer’s Certificate Registrant February 23, 2016,\n notes 2019\n 2021. 300% 2018. 700% 2019\n. 250% 2021. 850% 2023. 250% 2026\n. 500% 2036. 650% 2046.\n. Supplement. 1 Officer’s Certificate March\n 24 2016.\n. Officer’s Certificate Registrant August 4 2016,\n Floating Rate 2019." +} +{ + "_id": "d4aa0550e", + "title": "", + "text": "Company Stock Performance\nThe following graph shows a comparison of cumulative total shareholder return, calculated on a dividend-reinvested basis, for \nthe Company, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U.S. Technology Supersector \nIndex for the five years ended September 24, 2022 . The graph assumes $100 was invested in each of the Company’s common \nstock, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U.S. Technology Supersector Index as of \nthe market close on September  29, 2017 . Past stock price performance is not necessarily indicative of future stock price \nperformance .\nCOMPARISON OF 5-YEAR CUMULATIVE TOTAL RETURN*Among Apple Inc., the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U.S. Technology Supersector IndexApple Inc.S&P 500 IndexS&P Information Technology IndexDow Jones U.S. Technology Supersector Index9/29/179/29/189/28/199/26/209/25/219/24/22$0$100$200$300$400$500\n* $100 invested on September 29, 2017 in stock or index, including reinvestment of dividends. Data points are the last day of \neach fiscal year for the Company’s common stock and September 30th for indexes.\nCopyright© 2022 Standard & Poor’s, a division of S&P Global. All rights reserved.\nCopyright© 2022 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved.\nSeptember \n2017September \n2018September \n2019September \n2020September \n2021September \n2022\nApple Inc. $ 100 $ 149 $ 146 $ 303 $ 400 $ 411 \nS&P 500 Index $ 100 $ 118 $ 123 $ 142 $ 184 $ 156 \nS&P Information Technology Index $ 100 $ 131 $ 143 $ 210 $ 271 $ 217 \nDow Jones U.S. Technology Supersector Index $ 100 $ 131 $ 139 $ 208 $ 283 $ 209 \nItem 6. [Reserved]\nApple Inc. | 2022 Form 10-K | 19\n\nStock Performance\n graph shareholder return dividend-reinvested\n Company S&P 500 Index S&P Information Technology Index Dow Jones.\n five years September 24 2022. assumes $100 invested\n S&P 500.\n market September 29, 2017. Past not indicative future\n.\n COMPARISON 5-YEAR RETURN Apple Inc. S&P 500 Index S&P Information Technology Index.\n $100 invested September 29, 2017 dividends. last day\n fiscal year common stock 30th indexes.\n 2022 Standard & Poor’s S&P Global.\n S&P Dow Jones Indices S&P Global.\n Apple Inc. 100 149 146 303 400 411\n S&P 500 Index 118 123 142 184\n S&P Information Technology Index 131 143 210 271 217\n Dow Jones. Technology Supersector Index 131 139 208 283\n.\n Apple Inc. 2022 Form 10-K" +} +{ + "_id": "d4aa19d7e", + "title": "", + "text": ". Operating income for each segment excludes other income and expense and certain expenses managed outside the reportable segments. Costs excluded from segment operating income include various corporate expenses such as research and development (“R&D”), corporate marketing expenses, certain share-based compensation expenses, income taxes, various nonrecurring charges and other separately managed general and administrative costs. The Company does not include intercompany transfers between segments for management reporting purposes. Note 2 – Revenue Net sales disaggregated by significant products and services for 2022, 2021 and 2020 were as follows (in millions): 2022 2021 2020 iPhone $ 205,489 $ 191,973 $ 137,781 Mac 40,177 35,190 28,622 iPad 29,292 31,862 23,724 Wearables, Home and Accessories 41,241 38,367 30,620 Services 78,129 68,425 53,768 Total net sales $ 394,328 $ 365,817 $ 274,515 (1) Products net sales include amortization of the deferred value of unspecified software upgrade rights, which are bundled in the sales price of the respective product. (2) Wearables, Home and Accessories net sales include sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod mini and accessories. (3) Services net sales include sales from the Company’s advertising, AppleCare, cloud, digital content, payment and other services. Services net sales also include amortization of the deferred value of services bundled in the sales price of certain products. (4) Includes $7.5 billion of revenue recognized in 2022 that was included in deferred revenue as of September 25, 2021, $6.7 billion of revenue recognized in 2021 that was included in deferred revenue as of September 26, 2020, and $5.0 billion of revenue recognized in 2020 that was included in deferred revenue as of September 28, 2019. The Company’s proportion of net sales by disaggregated revenue source was generally consistent for each reportable segment in Note 11, “Segment Information and Geographic Data” for 2022, 2021 and 2020, except in Greater China, where iPhone revenue represented a moderately higher proportion of net sales in 2022 and 2021. As of September 24, 2022 and September 25, 2021, the Company had total deferred revenue of $12.4 billion and $11.9 billion, respectively. As of September 24, 2022, the Company expects 64% of total deferred revenue to be realized in less than a year, 27% within one-to-two years, 7% within two-to-three years and 2% in greater than three years. (1) (1) (1) (1)(2) (3) (4) Apple Inc. | 2022 Form 10-K | 37 Note 3 – Financial Instruments Cash, Cash Equivalents and Marketable Securities The following tables show the Company’s cash, cash equivalents and marketable securities by significant investment category as of September 24, 2022 and September 25, 2021 (in millions): 2022 Adjusted Cost Unrealized Gains Unrealized Losses Fair Value Cash and Cash Equivalents Current Marketable Securities Non-Current Marketable Securities Cash $ 18,546 $ — $ — $ 18,546 $ 18,546 $ — $ — Level 1 : Money market funds 2,929 — — 2,929 2,929 — — Mutual funds 274 — (47) 227 — 227 — Subtotal 3,203 — (47) 3,156 2,929 227 — Level 2 : U.S. Treasury securities 25,134 — (1,725) 23,409 338 5,091 17,980 U.S. agency securities 5,823 — (655) 5,168 — 240 4,928 Non-U.S. government securities 16,948 2 (1,201) 15,749 — 8,806 6,943 Certificates of deposit and time deposits 2,067 — — 2,067 1,805 262 — Commercial paper 718 — — 718 28 690 — Corporate debt securities 87,148 9 (7,707) 79,450 — 9,023 70,427 Municipal securities 921 — (35) 886 — 266 620 Mortgage- and asset-backed securities 22,553 — (2,593) 19,960 — 53 19,907 Subtotal 161,312 11 (13,916) 147,407 2,171 24,431 120,805 Total $ 183,061 $ 11 $ (13,963) $ 169,109 $ 23,646 $ 24,658 $ 120,805 2021 Adjusted Cost Unrealized Gains Unrealized Losses Fair Value Cash and Cash Equivalents Current Marketable Securities Non-Current Marketable Securities Cash $ 17,305 $ — $ — $ 17,305 $ 17,305 $ — $ — Level 1 : Money market funds 9,608 — — 9,608 9,608 — — Mutual funds 175 11 (1) 185 — 185 — Subtotal 9,783 11 (1) 9,793 9,608 185 — Level 2 : Equity securities 1,527 — (564) 963 — 963 — U.S. Treasury securities 22,878 102 (77) 22,903 3,596 6,625 12,682 U.S. agency securities 8,949 2 (64) 8,887 1,775 1,930 5,182 Non-U.S. government securities 20,201 211 (101) 20,311 390 3,091 16,830 Certificates of deposit and time deposits 1,300 — — 1,300 490 810 — Commercial paper 2,639 — — 2,639 1,776 863 — Corporate debt securities 83,883 1,242 (267) 84,858 — 12,327 72,531 Municipal securities 967 14 — 981 — 130 851 Mortgage- and asset-backed securities 20,529 171 (124) 20,576 — 775 19,801 Subtotal 162,873 1,742 (1,197) 163,418 8,027 27,514 127,877 Total $ 189,961 $ 1,753 $ (1,198) $ 190,516 $ 34,940 $ 27,699 $ 127,877 (1) Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities. (2) Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or\n\n. Operating income excludes outside. include marketing share-based compensation income taxes nonrecurring charges administrative costs. intercompany transfers. Net sales products services 2022 2021 2020 iPhone $ 205,489 $ 191,973 $ 137,781 Mac 40,177 35,190 28,622 iPad 29,292 31,862 23,724 Wearables Home Accessories 41,241 38,367 30,620 Services 78,129 68,425 53,768 Total net sales $,328 $ 365,817 $ 274,515 Products software upgrade rights. Wearables Home Accessories AirPods Apple TV Watch Beats HomePod mini accessories. Services advertising AppleCare cloud digital content payment services. deferred value. Includes $7. 5 billion 2022 2021 $6. 7 billion 2021 2020 $5. 0 billion 28, 2019. proportion net sales consistent segment 2022 2021 2020 except Greater China iPhone revenue higher net sales. September 24, 2022 25, 2021 deferred revenue $12. 4 billion $11.billion. September 24 2022 Company expects 64% deferred revenue less year 27% 7% two-three 2% three. Apple. 2022 Form 10-K Note 3 Financial Instruments Cash Equivalents Marketable Securities tables cash equivalents securities September 24 2022 September 25, 2021 Cost Unrealized Gains Losses Cash Equivalents 18,546 Level 1 Money market funds 2,929 Mutual funds 274 Subtotal 3,203 2. Treasury securities 25,134 (1,725) 23,409 5,091 17,980. agency securities 5,168.securities 16,948 15,749 8,806 6,943 Certificates 2,067 Commercial paper 718 690 Corporate debt securities 87,148 79,450 9,023 70,427 Municipal securities 266 620 Mortgage securities 22,553 19,960 19,907 161,312 147,407 2,171 24,431 120,805 183,061 169,109 24 Gains Losses Cash Equivalents Non-Current 17,305 Money funds,608 Mutual funds 9,783,793 Equity securities 1,527 963. Treasury securities 22,878 22,903 3,596 6,625 12,682. securities 8,949,887 1,775 1,930 5,182.securities 20,201 211 (101),311 3,091 16,830 Certificates 1,300 490 Commercial paper 2,639 1,776 863 Corporate debt securities 83,883 1,242 (267) 84,858 12,327 72,531 Municipal securities 851 Mortgage securities 20,529 171 (124) 20,576 775 19,801 162,873 1,742 (1,197) 163,418 8,027 27,514 127,877 189,961 1,753 190,516 34,940 27,699 127,877 Level 1 prices. Level 2" +} +{ + "_id": "d4aa05ebe", + "title": "", + "text": "cancelable obligations related to internet services and content creation. As of \nSeptember 24, 2022 , the Company had other purchase obligations of $17.8 billion, with $6.8 billion payable within 12 months.\nDeemed Repatriation Tax Payable\nAs of September 24, 2022 , the balance of the deemed repatriation tax payable imposed by the U.S. Tax Cuts and Jobs Act of \n2017 (the “Act”) was $22.0 billion , with $5.3 billion expected to be paid within 12 months.\nIn addition to its contractual cash requirements, the Company has a capital return program authorized by the Board of Directors . \nThe Program does not obligate the Company to acquire a minimum amount of shares. As of September  24, 2022 , the \nCompany’s quarterly cash dividend was $0.23 per share. The Company intends to increase its dividend on an annual\n\nobligations internet services content creation.\n September 24 2022 Company purchase obligations $17. 8 billion $6. 8 billion payable 12 months.\n Repatriation Tax\n. Tax Cuts Jobs Act\n 2017 $22. billion $5. 3 billion 12 months.\n capital return program Board Directors.\n obligate shares.\n quarterly dividend $0. 23 per share. increase dividend" +} +{ + "_id": "d4aa095be", + "title": "", + "text": "Item 9B. Other Information\nRule 10b5-1 Trading Plans\nDuring the three months ended September 24, 2022 , Katherine L. Adams, Timothy D. Cook, Luca Maestri, Deirdre O’Brien and \nJeffrey Williams, each an officer for purposes of Section 16 of the Exchange Act, had equity trading plans in place in accordance \nwith Rule 10b5-1(c)(1) under the Exchange Act. An equity trading plan is a written document that preestablishes the amounts, \nprices and dates (or formula for determining the amounts, prices and dates) of future purchases or sales of the Company’s stock, \nincluding sales of shares acquired under the Company’s employee and director equity plans.\nItem 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections\nNot applicable.\nPART III\nItem 10. Directors, Executive Officers and Corporate Governance\nThe information\n\n9B.\n Rule 10b5-1 Trading Plans\n months September 24 2022. Adams Timothy. Cook Luca Maestri Deirdre O’Brien\n Jeffrey Williams 16 Exchange Act equity trading plans\n Rule 10b5-1. equity plan amounts\n prices future purchases sales stock\n.\n 9C. Foreign Jurisdictions Inspections\n.\n 10. Directors Officers Corporate Governance\n" +} +{ + "_id": "d4aa007c0", + "title": "", + "text": ". As a result, the Company’s operations and performance depend \nsignificantly on global and regional economic conditions.\nAdverse macroeconomic conditions, including inflation, slower growth or recession, new or increased tariffs and other barriers to \ntrade, changes to fiscal and monetary policy, tighter credit, higher interest rates, high unemployment and currency fluctuations \ncan adversely impact consumer confidence and spending and materially adversely affect demand for the Company’s products \nand services. In addition, consumer confidence and spending can be materially adversely affected in response to financial \nmarket volatility, negative financial news, conditions in the real estate and mortgage markets, declines in income or asset values, \nenergy shortages and cost increases, labor and healthcare costs and other economic factors. \nIn addition to an adverse impact on demand for the Company’s products, uncertainty about, or a decline in, global or regional \neconomic conditions can have a significant impact on the Company’s suppliers\n\n. operations performance\n on global regional economic conditions.\n Adverse macroeconomic conditions inflation growth tariffs barriers\n trade fiscal monetary policy tighter credit interest rates high unemployment currency fluctuations\n impact consumer confidence spending demand products\n services.\n volatility negative news real estate mortgage markets income\n energy shortages cost increases labor healthcare costs economic factors.\n uncertainty global\n economic conditions suppliers" +} +{ + "_id": "d4a9fff3c", + "title": "", + "text": "Apple Inc.\nForm 10-K\nFor the Fiscal Year Ended September 24, 2022\nTABLE OF CONTENTS\nPage\nPart I\nItem 1. Business 1\nItem 1A. Risk Factors 5\nItem 1B. Unresolved Staff Comments 17\nItem 2. Properties 17\nItem 3. Legal Proceedings 17\nItem 4. Mine Safety Disclosures 17\nPart II\nItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity \nSecurities18\nItem 6. [Reserved] 19\nItem 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 20\nItem 7A. Quantitative and Qualitative Disclosures About Market Risk 26\nItem 8. Financial Statements and Supplementary Data 28\nItem 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 53\nItem 9A. Controls and Procedures 53\nItem 9B. Other Information\n\nApple.\n Form 10-K\n Fiscal Year September 24 2022\n CONTENTS. Business\n. Risk Factors\n. Unresolved Staff Comments\n. Properties\n. Legal Proceedings\n. Safety Disclosures\n. Common Equity Stockholder Matters Purchases Equity\n.\n. Financial Condition Results Operations\n. Market Risk\n. Financial Statements Supplementary Data\n. Disagreements Accountants Financial Disclosure\n. Controls Procedures\n." +} +{ + "_id": "d4aa01cf6", + "title": "", + "text": "s culture, reputation and operational flexibility.\nThe Company believes that its distinctive and inclusive culture is a significant driver of its success. If the C ompany is unable to \nnurture its culture, it could materially adversely affect the Company’s ability to recruit and retain the highly skilled employees who \nare critical to its success, and could otherwise materially adversely affect the Company’s business, reputation, results of \noperations and financial condition.\nThe Company depends on the performance of carriers, wholesalers, retailers and other resellers.\nThe Company distributes its products and certain of its services through cellular network carriers, wholesalers, retailers and \nresellers, many of which distribute products and services from competitors. The Company also sells its products and services \nand resells third-party products in most of its major markets directly to consumers, small and mid-sized businesses, and \neducation, enterprise and government customers\n\nculture reputation operational flexibility.\n Company believes distinctive culture success. If\n culture affect recruit retain employees\n success business reputation\n financial condition.\n depends on performance carriers wholesalers retailers resellers.\n distributes products services through carriers wholesalers retailers\n resellers. sells products services\n resells third-party products to consumers small mid businesses\n education enterprise government customers" +} +{ + "_id": "d4aa06030", + "title": "", + "text": "�s Board of Directors, and the Company’s share repurchase program does not obligate it \nto acquire any specific number of shares. If the Company fails to meet expectations related to future growth, profitability, \ndividends, share repurchases or other market expectations, the price of the Company’s stock may decline significantly, which \ncould have a material adverse impact on investor confidence and employee retention.\nItem 1B. Unresolved Staff Comments\nNone.\nItem 2. Properties\nThe Company’s headquarters are located in Cupertino, California. As of September 24, 2022 , the Company owned or leased \nfacilities and land for corporate functions, R&D, data centers, retail and other purposes at locations throughout the U.S. and in \nvarious places outside the U.S. The Company believes its existing facilities and equipment, which are used by all reportable \nsegments,\n\nBoard Directors share repurchase program obligate\n acquire shares. growth profitability\n dividends repurchases price stock decline\n investor confidence employee retention.\n 1B. Unresolved Staff Comments\n None.\n 2. Properties\n headquarters Cupertino California. September 24, 2022 owned leased\n facilities land corporate functions R&D data centers retail U.\n. believes facilities equipment\n" +} +{ + "_id": "d4aa08fa6", + "title": "", + "text": "How We Addressed the\nMatter in Our AuditWe tested controls relating to the evaluation of uncertain tax positions, including controls \nover management’s assessment as to whether tax positions are more likely than not to be \nsustained, management’s process to measure the benefit of its tax positions, and the \ndevelopment of the related disclosures.\nTo evaluate Apple Inc.’s assessment of which tax positions are more likely than not to be \nsustained, our audit procedures included, among others, reading and evaluating \nmanagement’s assumptions and analysis, and, as applicable, Apple Inc.’s communications \nwith taxing authorities, that detailed the basis and technical merits of the uncertain tax \npositions. We involved our tax subject matter resources in assessing the technical merits of \ncertain of Apple Inc.’s tax positions based on our knowledge of relevant tax laws and \nexperience with related taxing authorities. For certain tax positions, we also received \nexternal legal counsel confirmation letters and discussed the matters with external advisors \nand Apple Inc. tax personnel. In addition, we evaluated Apple Inc.’s disclosure in relation to \nthese matters included in Note 5 to the financial statements.\n/s/ Ernst & Young LLP\nWe have served as Apple Inc.’s auditor since 2009.\nSan Jose, California\nOctober 27, 2022\nApple Inc. | 2022 Form 10-K | 51\n\nAddressed\n Matter tested controls uncertain tax positions\n assessment\n benefit\n development disclosures.\n Apple Inc.\n audit procedures included\n assumptions analysis. communications\n taxing authorities uncertain\n. involved tax resources assessing merits\n Apple. tax positions tax laws\n experience taxing authorities. received\n external legal counsel confirmation letters discussed advisors\n Apple. tax personnel. evaluated Apple. disclosure\n matters Note 5 financial statements.\n Ernst & Young LLP\n served Apple Inc. auditor since 2009.\n San Jose California\n October 27, 2022\n Apple. 2022 Form 10-K 51" +} +{ + "_id": "d4aa07db8", + "title": "", + "text": "ase liabilities 2,400 2,406 \nDeferred revenue 5,742 5,399 \nUnrealized losses 2,913 53 \nTax credit carryforwards 6,962 4,262 \nOther 1,596 1,639 \nTotal deferred tax assets 27,624 25,229 \nLess: Valuation allowance (7,530) (4,903) \nTotal deferred tax assets, net 20,094 20,326 \nDeferred tax liabilities:\nMinimum tax on foreign earnings 1,983 4,318 \nRight-of-use assets 2,163 2,167 \nUnrealized gains 942 203 \nOther 469 565 \nTotal deferred tax liabilities 5,557 7,253 \nNet deferred tax assets $ 14,537 $\n\nliabilities 2,400 2,406\n revenue 5,742\n losses 2,913\n carryforwards 4,262\n 1,596\n assets 27,624 25,229\n 20,094\n earnings 1,983 4,318\n-use 2,163\n gains 942\n 5,557 7,253\n 14,537" +} +{ + "_id": "d4aa10cc4", + "title": "", + "text": "Exhibit 31.2\nCERTIFICATION\nI, Luca Maestri, certify that:\n1.I have reviewed this annual report on Form 10-K of Apple Inc.;\n2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact \nnecessary to make the statements made, in light of the circumstances under which such statements were made, not \nmisleading with respect to the period covered by this report;\n3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all \nmaterial respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods \npresented in this report;\n4.The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and \nprocedures (as defined in Exchange Act\n\nExhibit 31. 2\n CERTIFICATION\n I Luca Maestri certify\n. reviewed annual report Form 10-K Apple Inc.\n. report contain untrue statement\n not\n misleading period\n. financial statements financial information report present\n financial condition results operations cash flows Registrant periods\n presented\n. Registrant’s certifying officer(s) and I responsible establishing disclosure controls\n procedures Exchange Act" +} +{ + "_id": "d4aa068fa", + "title": "", + "text": "Apple Inc.\nCONSOLIDATED BALANCE SHEETS\n(In millions, except number of shares which are reflected in thousands and par value)\nSeptember 24,\n2022September 25,\n2021\nASSETS:\nCurrent assets:\nCash and cash equivalents $ 23,646 $ 34,940 \nMarketable securities 24,658 27,699 \nAccounts receivable, net 28,184 26,278 \nInventories 4,946 6,580 \nVendor non-trade receivables 32,748 25,228 \nOther current assets 21,223 14,111 \nTotal current assets 135,405 134,836 \nNon-current assets:\nMarketable securities 120,805 127,877 \nProperty, plant and equipment, net 42,117 39,440 \nOther non-current assets 54,428\n\nApple.\n 24 25 Cash equivalents 23,646 34,940\n securities 24,658 27,699\n 28,184\n Inventories\n receivables 32,748 25,228\n 21,223 14,111\n 135,405 134,836\n securities 120,805 127,877\n Property 42,117 39,440\n 54,428" +} +{ + "_id": "d4aa10922", + "title": "", + "text": " 2031 Notes).\n7\n\nNotes.\n" +} +{ + "_id": "d4aa01620", + "title": "", + "text": "The Company’s new products often utilize custom components available from only one source. When a component or product \nuses new technologies, initial capacity constraints may exist until the suppliers’ yields have matured or their manufacturing \ncapacities have increased. The continued availability of these components at acceptable prices, or at all, can be affected for any \nnumber of reasons, including if suppliers decide to concentrate on the production of common components instead of components \ncustomized to meet the Company’s requirements. When the Company’s supply of components for a new or existing product has \nbeen delayed or constrained, or when an outsourcing partner has delayed shipments of completed products to the Company, the \nCompany’s business, results of operations and financial condition have been adversely affected and future delays or constraints \ncould materially adversely affect the Company’s business, results of operations and financial condition. The Company’s business \nand financial performance could also\n\nnew products utilize custom components from one source.\n new technologies capacity constraints exist until suppliers’ yields matured or manufacturing\n capacities increased. availability components at prices\n including suppliers production common components instead\n customized. supply components for new\n delayed outsourcing partner delayed shipments products\n business results operations financial condition affected future delays\n could affect. business\n financial performance" +} +{ + "_id": "d4aa0839e", + "title": "", + "text": "Note 7 – Debt\nCommercial Paper and Repurchase Agreements\nThe Company issues unsecured short-term promissory notes (“Commercial Paper”) pursuant to a commercial paper program. \nThe Company uses net proceeds from the commercial paper program for general corporate purposes, including dividends and \nshare repurchases. As of September  24, 2022 and September  25, 2021 , the Company had $10.0 billion and $6.0 billion of \nCommercial Paper outstanding, respectively, with maturities generally less than nine months . The weighted-average interest rate \nof the Company’s Commercial Paper was 2.31% and 0.06% as of September 24, 2022 and September 25, 2021 , respectively. \nThe following table provides a summary of cash flows associated with the issuance and maturities of Commercial Paper for \n2022 , 2021 and 2020 (in millions\n\nDebt\n Commercial Paper Repurchase Agreements\n Company issues unsecured promissory notes.\n uses proceeds purposes dividends\n repurchases. September 2022 2021 $10. billion $6. billion\n Paper maturities less nine months. weighted-average interest rate\n 2. 31% 0. 06%.\n cash flows issuance maturities Commercial Paper\n 2022 2021 2020" +} +{ + "_id": "d4aa0822c", + "title": "", + "text": " \nTotal lease liabilities $ 12,411 $ 11,803 \nLease liability maturities as of September 24, 2022 , are as follows (in millions):\nOperating\nLeasesFinance\nLeases Total\n2023 $ 1,758 $ 155 $ 1,913 \n2024 1,742 130 1,872 \n2025 1,677 81 1,758 \n2026 1,382 48 1,430 \n2027 1,143 34 1,177 \nThereafter 5,080 906 5,986 \nTotal undiscounted liabilities 12,782 1,354 14,136 \nLess: Imputed interest (1,312) (413) (1,725) \nTotal lease liabilities $ 11,470 $ 941 $ 12,411 \nThe weighted-average\n\n\n lease liabilities 12,411 11,803\n September 24 2022\n 2023 1,758 1,913\n 2024\n 2025\n 2026 2027\n 5,080\n liabilities 12,782 1,354 14,136\n Imputed interest (1,312)\n 11,470 941 12,411\n" +} +{ + "_id": "d4aa05be4", + "title": "", + "text": " example, \nthe gross margins on the Company’s products and services vary significantly and can change over time. The Company’s gross \nmargins are subject to volatility and downward pressure due to a variety of factors, including: continued industry-wide global \nproduct pricing pressures and product pricing actions that the Company may take in response to such pressures; increased \ncompetition; the Company’s ability to effectively stimulate demand for certain of its products and services; compressed product \nlife cycles; supply shortages; potential increases in the cost of components, outside manufacturing services, and developing, \nacquiring and delivering content for the Company’s services; the Company’s ability to manage product quality and warranty costs \neffectively; shifts in the mix of products and services, or in the geographic, currency or channel mix, including to the extent that \nregulatory changes require the Company to modify its product and service offerings; fluctuations in foreign exchange rates; \ninflation and other macroeconomic pressures; and the introduction of new products or services, including new products or \nservices with higher cost structures. These and other factors could have a materially adverse impact on the Company’s results of \noperations and financial condition.\nThe Company has historically experienced higher net sales in its first quarter compared to other quarters in its fiscal year due in \npart to seasonal holiday demand. Additionally, new product and service introductions can significantly impact net sales, cost of \nsales and operating expenses. Further, the Company generates a significant portion of its net sales from a single product and a \ndecline in demand for that product could significantly impact quarterly net sales. The Company could also be subject to \nunexpected developments, such as lower-than-anticipated demand for the Company’s products or services, issues with new \nproduct or service introductions, information technology system failures or network disruptions, or failure of one of the \nCompany’s logistics, components supply, or manufacturing partners.\nApple Inc. | 2022 Form 10-K | 15\n\n\n gross margins products services vary change over.\n subject to volatility due to factors\n product pricing pressures increased\n competition demand compressed product\n life cycles supply shortages increases cost components\n product quality warranty costs\n shifts mix products services geographic currency channel mix\n regulatory changes fluctuations foreign exchange rates\n inflation macroeconomic pressures introduction new products services\n higher.\n operations financial condition.\n higher net sales first quarter due\n to seasonal holiday demand. new product service introductions impact net sales cost\n operating expenses. generates net sales from single product\n decline demand impact quarterly net sales. subject to\n unexpected developments lower-than-anticipated demand issues new\n product service introductions information technology failures network disruptions failure\n logistics components supply manufacturing partners.\n Apple Inc. 2022 Form 10-K 15" +} +{ + "_id": "d4aa093e8", + "title": "", + "text": "A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the \nreliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. \ngenerally accepted accounting principles. A company’s internal control over financial reporting includes those policies and \nprocedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions \nand dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to \npermit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts \nand expenditures of the company are being made only in accordance with authorizations of management and directors of the \ncompany; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or \ndisposition of the company’\n\ncompany’s internal control over financial reporting assurance\n reliability financial reporting preparation financial statements U. S.\n accounting principles. includes policies\n procedures maintenance of records reflect transactions\n dispositions of assets provide assurance transactions recorded necessary\n preparation financial statements. accounting principles receipts\n expenditures made authorizations of management directors\n prevention of unauthorized acquisition use\n disposition of" +} +{ + "_id": "d4aa08664", + "title": "", + "text": " in the Director Plan and without further \nshareholder approval. RSUs granted under the Director Plan reduce the number of shares available for grant under the plan by a \nfactor of two times the number of RSUs granted. The Director Plan expires on November 12, 2027 . All RSUs granted under the \nDirector Plan are entitled to DERs, which are subject to the same vesting and other terms and conditions as the underlying \nRSUs. A maximum of approximately 45 million shares (split-adjusted) were authorized for issuance pursuant to Director Plan \nawards at the time the plan was last amended on November 9, 2021.\nEmployee Stock Purchase Plan\nThe Employee Stock Purchase Plan (the “Purchase Plan”) is a shareholder-approved plan under which substantially all \nemployees may voluntarily enroll to purchase the Company’s common stock through payroll deductions at a price equal to 85% \nof the lower of the fair\n\nDirector Plan\n shareholder approval. RSUs granted reduce shares\n two times. Plan expires November 12, 2027. RSUs granted\n entitled subject same vesting terms conditions\n RSUs. maximum 45 million shares (split-adjusted authorized issuance\n last amended November 9, 2021.\n Employee Stock Purchase Plan\n shareholder-approved\n employees purchase Company’s common stock payroll deductions price equal 85%\n" +} +{ + "_id": "d4aa087cc", + "title": "", + "text": " $18.2 billion , $19.0 billion and $10.8 billion for 2022 , 2021 and \n2020 , respectively. The majority of RSUs that vested in 2022 , 2021 and 2020 were net share settled such that the Company \nwithheld shares with a value equivalent to the employees’ obligation for the applicable income and other employment taxes, and \nremitted the cash to the appropriate taxing authorities. The total shares withheld were approximately 41 million , 53 million and 56 \nmillion for 2022 , 2021 and 2020 , respectively, and were based on the value of the RSUs on their respective vesting dates as \ndetermined by the Company’s closing stock price. Total payments to taxing authorities for employees’ tax obligations were $6.4 \nbillion , $6.8 billion and $3.9 billion in 2022 , 2021 and 2020 , respectively.\nApple Inc. | 2022\n\n$18. billion $19. billion $10. 8 billion 2022 2021\n. majority RSUs net share settled\n withheld shares taxes\n remitted cash taxing authorities. total shares withheld 41 million 53 million 56\n million 2022 based vesting\n closing stock price. payments obligations $6.\n billion $6. 8 billion $3. 9 billion 2022 2021.\n Apple." +} +{ + "_id": "d4aa0b6fc", + "title": "", + "text": ", in relation to any Comparable Government Bond Rate calculation \nfor the 2022 Notes, the 2024 Notes, the 2026 Notes and the 2027 Notes, at the discretion of an independent \ninvestment bank selected by us, a German government bond whose maturity is closest to the maturity of the Notes \nbeing redeemed, or if such independent investment bank in its discretion determines that such similar bond is not in \nissue, such other German government bond as such independent investment bank may, with the advice of three \nbrokers of, and/or market makers in, German government bonds selected by us, determine to be appropriate for \ndetermining the Comparable Government Bond Rate.\n“Comparable Government Bond” means, in relation to any Comparable Government Bond Rate calculation \nfor the 3.050% 2029 Notes and the 2042 Notes, at the discretion of an independent investment bank selected by us, \na United Kingdom government bond whose maturity\n\nComparable Government Bond Rate calculation\n 2022 2024 2026 2027 Notes discretion independent\n investment bank German government bond maturity closest Notes\n redeemed similar bond not\n issue other German government bond advice three\n brokers market makers German government bonds appropriate\n Comparable Government Bond Rate.\n “Comparable Government\n 3. 050% 2029 Notes 2042 Notes\n United Kingdom government bond maturity" +} +{ + "_id": "d4aa0a40a", + "title": "", + "text": " meeting of shareholders or to nominate \ncandidates for election as directors at a meeting of shareholders must provide notice in writing in a \ntimely manner, and also specify requirements as to the form and content of a shareholder’s notice, \nincluding with respect to a shareholder’s notice under Rule 14a-19 of the Exchange Act;\n•provide that a shareholder, or group of up to 20 shareholders, that has owned continuously for at least \nthree years shares of Common Stock representing an aggregate of at least 3% of the Company’s \noutstanding shares of Common Stock, may nominate and include in the Company’s proxy materials \ndirector nominees constituting up to 20% of the Company’s Board of Directors, provided that the \nshareholder(s) and nominee(s) satisfy the requirements in the Bylaws;\n•do not provide for cumulative voting rights for the election of directors; and\n\n\nmeeting shareholders nominate\n candidates directors provide notice\n timely specify requirements form content shareholder’s notice\n Rule 14a-19 Exchange Act\n shareholder 20 owned\n three years shares Common Stock 3% Company’s\n outstanding shares may nominate proxy materials\n director nominees 20% Board Directors\n nominee satisfy requirements Bylaws\n provide cumulative voting rights election directors\n" +} +{ + "_id": "d4aa04e60", + "title": "", + "text": "Uncertain Tax Positions\nAs of September  24, 2022 , the total amount of gross unrecognized tax benefits was $16.8 billion , of which $8.0 billion , if \nrecognized, would impact the Company’s effective tax rate. As of September 25, 2021 , the total amount of gross unrecognized \ntax benefits was $15.5 billion , of which $6.6 billion , if recognized, would have impacted the Company’s effective tax rate.\nThe aggregate change in the balance of gross unrecognized tax benefits, which excludes interest and penalties, for 2022 , 2021 \nand 2020 , is as follows (in millions):\n2022 2021 2020\nBeginning balances $ 15,477 $ 16,475 $ 15,619 \nIncreases related to tax positions taken during a prior year 2,284 816 454 \nDecreases related to tax positions taken during a prior year (1\n\nUncertain Tax Positions\n September 24, 2022 unrecognized tax benefits $16. 8 billion $8. billion\n tax rate. September 25, 2021\n $15. 5 billion $6. 6 billion tax rate.\n aggregate change unrecognized tax benefits penalties 2022 2021\n 2020\n balances $ 15,477 $ 16,475 15,619\n Increases 2,284 816\n Decreases" +} +{ + "_id": "d4aa01a12", + "title": "", + "text": "The Company’s future performance depends in part on support from third-party software developers.\nThe Company believes decisions by customers to purchase its hardware products depend in part on the availability of third-party \nsoftware applications and services. There can be no assurance third-party developers will continue to develop and maintain \nsoftware applications and services for the Company’s products. If third-party software applications and services cease to be \ndeveloped and maintained for the Company’s products, customers may choose not to buy the Company’s products.\nThe Company believes the availability of third-party software applications and services for its products depends in part on the \ndevelopers’ perception and analysis of the relative benefits of developing, maintaining and upgrading such software and services \nfor the Company’s products compared to competitors’ platforms, such as Android for smartphones and tablets, Windows for \npersonal computers and tablets, and PlayStation, Nintendo and Xbox for gaming\n\nfuture performance depends on support third-party software developers.\n believes decisions customers hardware products depend on availability third-party\n applications services. no third-party developers develop\n. If third-party applications cease\n customers may choose not buy.\n believes availability third-party software depends on\n developers’ perception benefits developing maintaining upgrading software\n compared to platforms Android Windows\n PlayStation Nintendo Xbox" +} +{ + "_id": "d4aa075a2", + "title": "", + "text": "Note 3 – Financial Instruments\nCash, Cash Equivalents and Marketable Securities\nThe following tables show the Company’s cash, cash equivalents and marketable securities by significant investment category \nas of September 24, 2022 and September 25, 2021 (in millions):\n2022\nAdjusted\nCostUnrealized\nGainsUnrealized\nLossesFair\nValueCash and\nCash\nEquivalentsCurrent\nMarketable\nSecuritiesNon-Current\nMarketable\nSecurities\nCash $ 18,546 $ — $ — $ 18,546 $ 18,546 $ — $ — \nLevel 1 (1):\nMoney market funds 2,929 — — 2,929 2,929 — — \nMutual funds 274 — (47) 227 — 227 — \nSubtotal 3,203 — (47) 3,156 2,929 227 — \nLevel 2 (2):\nU.S. Treasury securities 25,134 — (1,725) 23,409 338 5,091 17,980 \nU.S. agency securities 5,823 — (655) 5,168 — 240 4,928 \nNon-U.S. government securities 16,948 2 (1,201) 15,749 — 8,806 6,943 \nCertificates of deposit and time deposits 2,067 — — 2,067 1,805 262 — \nCommercial paper 718 — — 718 28 690 — \nCorporate debt securities 87,148 9 (7,707) 79,450 — 9,023 70,427 \nMunicipal securities 921 — (35) 886 — 266 620 \nMortgage- and asset-backed securities 22,553 — (2,593) 19,960 — 53 19,907 \nSubtotal 161,312 11 (13,916) 147,407 2,171 24,431 120,805 \nTotal (3)$ 183,061 $ 11 $ (13,963) $ 169,109 $ 23,646 $ 24,658 $ 120,805 \n2021\nAdjusted\nCostUnrealized\nGainsUnrealized\nLossesFair\nValueCash and\nCash\nEquivalentsCurrent\nMarketable\nSecuritiesNon-Current\nMarketable\nSecurities\nCash $ 17,305 $ — $ — $ 17,305 $ 17\n\n3 Financial Instruments\n Cash Equivalents Marketable Securities\n tables show cash equivalents marketable securities investment category\n September 24 2022 25 2021\n Adjusted\n CostUnrealized GainsUnrealized\n ValueCash 18,546\n Level 1\n Money market funds 2,929\n Mutual funds 274\n Subtotal 3,203\n Level 2\n. Treasury securities 25,134 23,409 338 5,091 17,980\n. securities 5,168\n Non. government securities 16,948 15,749 8,806\n Certificates deposit deposits 2,067\n Commercial paper 718\n Corporate debt securities 87,148,450,023 70,427\n Municipal securities 921\n Mortgage-backed securities 22,553 (2,593) 19,960\n Subtotal 161,312 147,407 24,431 120,805\n Total 183,061 169,109\n Adjusted 17,305" +} +{ + "_id": "d4aa01440", + "title": "", + "text": "Business Risks\nTo remain competitive and stimulate customer demand, the Company must successfully manage frequent introductions \nand transitions of products and services.\nDue to the highly volatile and competitive nature of the markets and industries in which the Company competes, the Company \nmust continually introduce new products, services and technologies, enhance existing products and services, effectively \nstimulate customer demand for new and upgraded products and services, and successfully manage the transition to these new \nand upgraded products and services. The success of new product and service introductions depends on a number of factors, \nincluding timely and successful development, market acceptance, the Company’s ability to manage the risks associated with \nproduction ramp-up issues, the availability of application software for the Company’s products, the effective management of \npurchase commitments and inventory levels in line with anticipated product demand, the availability of products in appropriate \nquantities and at expected costs to meet anticipated demand, and\n\nBusiness Risks\n competitive stimulate demand Company must manage introductions\n transitions of products services.\n volatile markets industries\n introduce new products services technologies enhance products\n stimulate demand manage transition\n. success of new introductions depends on factors\n timely development market acceptance risks\n production ramp-up application software management of\n purchase commitments inventory levels demand availability products in\n quantities costs" +} +{ + "_id": "d4aa0abd0", + "title": "", + "text": " Additional Amounts\nThe terms of the Notes state that all payments of principal and interest in respect of the Notes will be made \nfree and clear of, and without deduction or withholding for or on account of any present or future taxes, duties, \nassessments or other governmental charges of whatsoever nature required to be deducted or withheld by the United \nStates or any political subdivision or taxing authority of or in the United States, unless such withholding or deduction \nis required by law.\nAll of the Notes also contain a covenant substantially similar to the following:\nThe Company will, subject to the exceptions and limitations set forth below, pay as additional interest on the \nNotes such additional amounts (“Additional Amounts”) as are necessary in order that the net payment by the \nCompany or the paying agent of the Company for the applicable Notes (“Paying Agent”) of the principal of and \ninterest on the Notes to a holder who\n\nAdditional Amounts\n Notes state payments principal interest\n free without deduction withholding present future taxes duties\n assessments governmental charges required deducted withheld by United\n States political subdivision taxing authority unless withholding deduction\n required by law.\n Notes contain covenant similar\n Company subject exceptions limitations pay additional interest on\n Notes amounts necessary net payment\n Company paying agent principal\n interest to holder" +} +{ + "_id": "d4aa01b7a", + "title": "", + "text": " for the Company to license or otherwise distribute their content. Other content owners, providers or distributors may \nseek to limit the Company’s access to, or increase the cost of, such content. The Company may be unable to continue to offer a \nwide variety of content at commercially reasonable prices with acceptable usage rules.\nThe Company also produces its own digital content, which can be costly to produce due to intense and increasing competition for \ntalent, content and subscribers, and may fail to appeal to the Company’s customers. The COVID-19 pandemic has also caused \nadditional restrictions on production and increased costs for digital content.\nSome third-party digital content providers require the Company to provide digital rights management and other security solutions. \nIf requirements change, the Company may have to develop or license new technology to provide these solutions. There can be \nno assurance the Company will be able to develop or license such solutions at a reasonable cost and\n\nCompany license distribute content. Other owners providers distributors\n limit access increase cost content. may offer\n variety content reasonable prices usage rules.\n Company produces digital content costly competition\n appeal customers. COVID-19 pandemic caused\n restrictions production increased costs content.\n third-party content providers require digital rights management security solutions.\n If requirements change develop license new technology.\n no solutions reasonable cost" +}