{"_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", "Total 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", "Net 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", "Apple Inc.\n CONSOLIDATED STATEMENTS OPERATIONS\n millions shares thousands per share\n Years ended\n 24\n 25\n 26,\n 2020\n Net sales\n Products $ 316,199 $,392 $ 220,747\n Services 78,129 68,425 53,768\n Total net sales,328 365,817 274,515\n Cost sales\n Products 201,471 192,266 151,286\n Services 22,075 20,715 18,273\n Total cost 223,546 212,981 169,559\n Gross margin 170,782 152,836 104,956\n Operating expenses\n Research development 26,251 21,914 18,752\n Selling general administrative 25,094 21,973 19,916", "Total operating expenses 51,345 43,887 38,668\n Operating income 119,437 108,949 66,288\n Other income net (334) 258 803\n Income before provision taxes 119,103 109,207 67,091\n 19,300 14,527 9,680\n Net income $ 99,803 $ 94,680 $ 57,411\n Earnings per share\n Basic 6. 15 $ 5. 67 $ 3.\n Diluted. 11 $ 5. 61 $.\n Shares earnings per share\n Basic 16,215,963 16,701,272 17,352,119\n Diluted 16,325,819 16,864,919 17,528,214\n Notes Consolidated Financial Statements.\n Apple Inc. 2022 Form 10-K 29"]}
{"_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;", "privacy, 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", "services; 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", "to\n cover all losses or all types of claims arise.\n Company subject to complex changing laws regulations worldwide exposes Company to\n potential liabilities increased costs adverse effects on Company’s business.\n Company’s global operations subject to complex changing laws regulations on subjects including antitrust;\n privacy data security data localization; consumer protection; advertising sales billing e-commerce; financial services", "technology; product liability; intellectual property ownership infringement; digital platforms; internet, telecommunications\n mobile communications; media, television film digital content; availability of third-party software applications\n services; labor employment; anticorruption; import, export trade; foreign exchange controls cash repatriation\n restrictions; anti–money laundering; foreign ownership investment; tax; environmental, health safety including"]}
{"_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", "future 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.", "Company’s operations subject to risks of industrial accidents at suppliers and contract manufacturers.\n Company’s suppliers required to maintain safe working environments operations, an industrial accident could occur\n result in serious injuries or loss of life, disruption to Company’s business, harm to Company’s reputation.\n Major public health issues, including pandemics COVID-19 pandemic, adversely affected, could", "future materially adversely affect, Company due to impact on global economy demand for consumer products;\n imposition of protective public safety measures, stringent employee travel restrictions limitations on freight\n services movement of products between regions; disruptions in Company’s supply chain and sales and\n distribution channels, resulting in interruptions of supply of current products delays in production ramps of new products."]}
{"_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", "shareholders; 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", "election by written consent, other than to fill vacancy created by\n removal, requires consent of majority of outstanding shares entitled to vote.\n amendment of Bylaws or Articles may be adopted by vote of majority of outstanding\n shares entitled to vote. amendment of Bylaws specifying or changing fixed number of directors or\n maximum or minimum number or changing from fixed to variable board or vice versa may only be adopted by\n shareholders; amendment of Bylaws or reducing fixed number or", "minimum number of directors to less than five cannot be adopted if votes cast against its adoption equal to\n more than 16 2/3% of outstanding shares entitled to vote. 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", "due 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", "rant dated August 20, 2020 including\n forms global notes representing 0. 550% Notes due 2025, 1. 25%\n due 2030, 2. 400% due 2050 2. 550% due 2060. 8-K 4. 1 8/20/20\n 4. 25 Officer’s Certificate of Registrant dated February 8, 2021 including\n forms global notes 0. 700% Notes due 2026, 1. 200%\n due 2028, 1. 650% due 2031, 2. 375% due 2041, 2. 650%\n due 2051 2. 800% due 2061. 8-K 4. 1 2/8/21\n 4. 26 Officer’s Certificate of Registrant dated August 5, 2021 including forms\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", "its 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.", "Apple Inc. | 2022  Form 10-K | 2", "of consumers businesses. Many\n Company’s competitors seek to compete primarily through aggressive pricing low cost structures, by imitating\n Company’s products infringing on its intellectual property.\n Company’s ability to compete successfully depends on ensuring continuing timely introduction of innovative\n new products, services technologies to marketplace. Company designs develops nearly entire solution for", "its products, including hardware, operating system software applications related services. Principal\n competitive factors important to Company include price, product service features (including security features), relative\n price performance, product service quality reliability, design innovation, strong third-party software\n accessories ecosystem, marketing distribution capability, service support, corporate reputation.\n Apple Inc. | 2022 Form 10-K| 2"]}
{"_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", "the 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", "•modify provisions in applicable Indenture regarding waiver of past defaults\n waiver of certain covenants by holders of Notes except to increase percentage vote required or\n to provide certain other provisions applicable Indenture cannot be modified or waived without\n consent of holder of each Notes affected;\n •make change adversely affects right to convert or exchange any debt security or decreases\n conversion or exchange rate or increases conversion price of any convertible or exchangeable", "debt security, unless decrease or increase permitted by terms of debt securities; or\n •modify any above provisions.\n We and trustee may without consent of holders, modify or amend terms of Indentures\n any series of Notes with respect to following:\n •to add to covenants for benefit of holders of all or any series of 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", "be 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.", "Apple Inc. | 2022  Form 10-K | 9", "compete, current extensive patent coverage rapid rate issuance of new patents,\n Company’s products services can unknowingly infringe existing patents or intellectual property rights others.\n Company notified it may be infringing certain patents or other intellectual property rights of third parties.\n Based on experience industry practice, Company believes licenses to third-party intellectual property can generally", "be obtained on commercially reasonable terms. no assurance necessary licenses can be obtained on\n commercially reasonable terms or. Failure to obtain right to use third-party intellectual property or use\n intellectual property on commercially reasonable terms, can preclude Company from selling certain products or services or\n have material adverse impact on Company’s business results operations financial condition.\n Apple Inc. | 2022 Form 10-K | 9"]}
{"_id": "d4aa09cb2", "title": "", "text": ["Plan 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", "10.9* 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,", "Plan effective September 26, 2017. 10-K 10. 20 9/30/17\n 10. 6* Restricted Stock Unit Award Agreement Non-Employee Director\n Stock Plan February 13, 2018. 10-Q 10. 2 3/31/18\n 10. 7* Restricted Stock Unit Award Agreement 2014 Employee Stock\n Plan August 21, 2018. 10-K 10. 17 9/29/18\n 10. 8* Performance Award Agreement 2014 Employee Stock Plan\n effective August 21, 2018. 10-K 10. 18 9/29/18\n 10. 9* Restricted Stock Unit Award Agreement 2014 Employee Stock", "Plan effective September 29, 2019. 10-K 10. 15 9/28/19\n 10. 10* Performance Award Agreement 2014 Employee Stock Plan\n September 29,"]}
{"_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.", "The 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", "active 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", "OI&E”) straight-line basis over life of hedge. Changes in fair value of amounts excluded from\n assessment hedge effectiveness recognized in OCI.\n Gains and losses from changes in fair values of derivative instruments not accounting hedges\n recognized in Consolidated Statements of Operations line items derivative instruments relate.\n Company presents derivative assets liabilities at gross fair values in Consolidated Balance Sheets.", "Company classifies cash flows related to derivative instruments as operating activities in Consolidated Statements of Cash\n Flows.\n Fair Value Measurements\n fair values of Company’s money market funds certain marketable equity securities based on quoted prices in\n active markets for identical assets. valuation techniques used to measure fair value of Company’s debt instruments\n all other financial instruments generally"]}
{"_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", "California 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", "Directors,\n Chair of Board of Directors or Chief Executive Officer or (ii) one or more holders of shares\n entitled to cast not less than ten percent (10%) of votes on record date established to\n Company’s Bylaws, provided shareholder(s) satisfy requirements in Bylaws.\n In as a California corporation, Company subject to provisions Section 1203 of\n California General Corporation Law, requires to provide fairness opinion to shareholders in connection", "with consideration of proposed “interested party” reorganization transaction.\n Listing\n Company’s Common Stock listed on Nasdaq Stock Market LLC under trading symbol\n “AAPL. ”\n 2"]}
{"_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", "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”", "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", "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", "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", "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", "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.", "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", "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", "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", "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", "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", "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,", "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,", "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", "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.", "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", "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 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.", "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,", "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", "by words “future,” “anticipates “believes “estimates “expects “intends “plans “predicts,” “will,” “would “could,” “can,” “may,” similar terms. Forward-looking statements not guarantees of future performance Company’s actual results may differ from results discussed in forward-looking statements. Factors cause differences include not to those discussed in Part I, Item 1A of Form 10-K under heading “Risk Factors. ” Company assumes no obligation to revise or update forward-looking statements for, except", "or update forward-looking statements for, except required by law. Unless otherwise stated all information presented is based on Company’s fiscal calendar references to particular years, quarters, months periods refer to Company’s fiscal years ended in September associated quarters months periods of fiscal years. terms “Company” and “Apple” used refers collectively to Apple Inc. and its wholly owned subsidiaries, unless otherwise stated. PART I Item 1. Business Company Background Company designs,", "1. Business Company Background Company designs, manufactures markets smartphones, personal computers, tablets, wearables accessories, sells variety of related services. Company’s fiscal year is 52- or 53-week period ends on last Saturday of September. Products iPhone iPhone Company’s line of smartphones based iOS operating system. iPhone line includes iPhone 14 Pro, iPhone 14, iPhone 13, iPhone SE , iPhone 12 iPhone 11. Mac Mac Company’s line of personal computers based macOS operating system. Mac line", "computers based macOS operating system. Mac line includes laptops MacBook Air MacBook Pro , desktops iMac , Mac mini , Mac StudioTM Mac Pro. iPad iPad is Company’s line of multipurpose tablets based on iPadOS operating system. iPad line includes iPad Pro , iPad Air , iPad iPad mini.Wearables, Home and Accessories Wearables Home Accessories includes: • AirPods , Company’s wireless headphones, including AirPods, AirPods Pro AirPods MaxTM; • Apple TV , Company’s media streaming and gaming device based on tvOS", "media streaming and gaming device based on tvOS operating system, including Apple TV 4K and Apple TV HD; • Apple Watch , Company’s line of smartwatches based on watchOS operating system, including Apple Watch UltraTM, Apple Watch Series 8 Apple Watch SE ; • Beats products, HomePod mini and accessories. ® ® ® ® ® ® Apple Inc. | 2022 Form 10-K | 1 Services Advertising Company’s advertising services include third-party licensing arrangements Company’s own advertising platforms. AppleCare Company offers", "advertising platforms. AppleCare Company offers portfolio of fee-based service and support products under AppleCare brand. offerings provide priority access to Apple technical support, access to global Apple authorized service network for repair and replacement services, additional coverage for accidental damage theft loss, depending country product. Cloud Services Company’s cloud services store keep customers’ content up-to-date available across multiple Apple devices Windows personal computers. Digital", "Apple devices Windows personal computers. Digital Content Company operates various platforms, including App Store , allow customers to discover download applications digital content, books, music, video games podcasts. Company also offers digital content through subscription-based services, including Apple Arcade , game subscription service; Apple Fitness+ , personalized fitness service; Apple Music , curated listening experience with on-demand radio stations; Apple News+ , subscription news and magazine", "Apple News+ , subscription news and magazine service; Apple TV+ , offers exclusive original content live sports. Payment Services Company offers payment services, including Apple Card , a co-branded credit card, and Apple Pay , cashless payment service. Markets and Distribution Company’s customers are primarily in consumer, small and mid-sized business, education, enterprise government markets.Company sells its products and resells third-party products in most major markets directly to consumers, small", "most major markets directly to consumers, small mid-sized businesses education, enterprise government customers through retail and online stores and direct sales force. Company also employs variety of indirect distribution channels, third-party cellular network carriers, wholesalers, retailers resellers. During 2022, Company’s net sales through direct and indirect distribution channels accounted for 38% and 62% respectively, of total net sales. Competition markets for Company’s products and services are", "markets for Company’s products and services are highly competitive characterized by aggressive price competition downward pressure on gross margins frequent introduction of new products services short product life cycles evolving industry standards continual improvement in product price performance characteristics rapid adoption of technological advancements by competitors price sensitivity consumers businesses. Company’s competitors seek to compete through aggressive pricing low cost structures by", "through aggressive pricing low cost structures by imitating Company’s products infringing on its intellectual property. Company’s ability to compete successfully depends on ensuring continuing timely introduction of innovative new products, services technologies to marketplace. Company designs and develops nearly entire solution for products, including hardware, operating system software applications related services. Principal competitive factors important to Company include price, product service", "to Company include price, product service features (including security features), relative price performance, product service quality reliability, design innovation strong third-party software and accessories ecosystem marketing distribution capability, service and support corporate reputation. ® ® ® SM ® ® ® Apple Inc. | 2022 Form 10-K | 2 Company focused on expanding market opportunities related to smartphones, personal computers, tablets, wearables accessories, services. Company faces substantial", "accessories, services. Company faces substantial competition in these markets from companies have significant technical, marketing, distribution other resources, established hardware, software, service offerings with large customer bases., some Company’s competitors have broader product lines, lower-priced products larger installed base of active devices. Competition intense as competitors have aggressively cut prices lowered product margins. Certain competitors have resources, experience cost structures", "have resources, experience cost structures to provide products at little or no profit or even at a loss. Company’s services compete with business models provide content users for free use illegitimate means to obtain third-party digital content and applications. Company faces significant competition as competitors imitate Company’s product features and applications within products, or collaborate to offer integrated solutions more competitive than. Supply of Components most components essential to", "Supply of Components most components essential to Company’s business are generally available from multiple sources, certain components obtained from single or limited sources. Company competes for various components with other participants in markets for smartphones, personal computers, tablets wearables accessories. many components used by Company, including available from multiple sources, are subject to industry-wide shortage significant commodity pricing fluctuations. Company uses some custom", "pricing fluctuations. Company uses some custom components not commonly used by competitors, new products Company often utilize custom components available from only one source. When component or product uses new technologies, initial capacity constraints may exist until suppliers’ yields have matured or manufacturing capacities increased. continued availability of these components at acceptable prices, or, may be affected if suppliers decide to concentrate on production of common components instead of", "on production of common components instead of components customized to Company’s requirements. Company has entered into agreements for supply of many components; can no guarantee Company will to extend or renew these agreements on similar terms, or at. all Company’s hardware products are manufactured by outsourcing partners primarily in Asia, with some Mac computers manufactured in the U. S. and Ireland.Research and Development industries in Company competes are characterized by rapid technological", "competes are characterized by rapid technological advances, Company’s ability to compete successfully depends upon ability to ensure continual timely flow of competitive products, services technologies to marketplace. Company continues to develop new technologies to enhance existing products and services, to expand range of 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", "Long-lived assets:\nU.S. $ 31,119 $ 28,203 \nChina (1) 7,260  7,521 \nOther countries  3,738  3,7", "China only countries accounted 10% Company’s net sales 2022 2021\n 2020. Net sales 2022 2021 long-lived assets September 24, 2022 September 25, 2021\n millions):\n 2022 2021 2020\n Net sales\n U. S. $ 147,859 $ 133,803 $ 109,197\n China (1) 74,200 68,366 40,308\n Other countries 172,269 163,648 125,010\n Total net sales $,328 $ 365,817 $ 274,515\n 2022 2021\n Long-lived assets:\n U. S. $ 31,119 $ 28,203\n China (1) 7,260 7,521\n Other countries 3,738 3,7"]}
{"_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", "fully 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", "Timothy 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", "contained 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.", "Exhibit 32. 1\n CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER\n PURSUANT TO\n 18 U. S. C. SECTION 1350,\n ADOPTED PURSUANT TO\n SECTION 906 OF SARBANES-OXLEY ACT OF 2002\n I, Timothy D. Cook, certify date pursuant to 18 U. S. C. Section 1350 adopted pursuant to Section 906 of\n Sarbanes-Oxley Act of 2002 Annual Report of Apple Inc. on Form 10-K for fiscal year ended September 24, 2022\n complies with requirements of Section 13(a) or 15(d) of Securities Exchange Act of 1934 information", "in Form 10-K presents financial condition and results of operations of Apple Inc.\n at dates and for periods indicated.\n Date: October 27, 2022\n By: /s Timothy D. Cook\n Timothy. Cook\n Chief Executive Officer\n I, Luca Maestri, certify pursuant to 18 U. S. C. Section 1350 adopted to Section 906 of\n Sarbanes-Oxley Act of 2002 Annual Report of Apple Inc. on Form 10-K for fiscal year ended September 24, 2022\n complies with requirements of Section 13(a) or 15(d) of Securities Exchange Act of 1934 information", "in Form 10-K presents financial condition and results of operations of Apple Inc.\n at dates and for periods indicated.\n Date: October 27, 2022\n By: /s Luca Maestri\n Senior Vice President,\n Chief Financial Officer\n signed original of this written statement required by Section 906 provided to Apple Inc. retained by Apple\n Inc. furnished to Securities and Exchange Commission or staff upon request."]}
{"_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", "income  (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", "securities  (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", "Apple Inc.\n CONSOLIDATED STATEMENTS COMPREHENSIVE INCOME\n millions)\n Years ended\n September 24,\n 2022September 25,\n 26,\n 2020\n Net income $ 99,803 $ 94,680 $ 57,411\n Other comprehensive income/(loss):\n Change foreign currency translation net tax (1,511) 501 88\n Change unrealized gains/losses derivative instruments net tax\n Change fair value derivative instruments 3,212 32 79\n Adjustment net (gains/losses\n income (1,074) 1,003 (1,264)\n Total change unrealized gains/losses\n instruments 2,138 1,035 (1,185)", "instruments 2,138 1,035 (1,185)\n Change unrealized gains/losses marketable debt securities net\n tax\n Change fair value securities (12,104) (694) 1,202\n Adjustment net (gains/losses\n income 205 (273) (63)\n Total change unrealized gains/losses marketable debt\n securities (11,899) (967) 1,139\n Total other comprehensive income/(loss) (11,272) 42\n Total comprehensive income $ 88,531 $ 95,249 $ 57,453\n Notes Consolidated Financial Statements.\n Apple Inc. 2022 Form 10-K 30"]}
{"_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", "litigation 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", "Company’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", "the 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", "eventualities 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", "Company 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", "insurance 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,", "Company experiences malicious attacks attempts to gain unauthorized access to its systems on regular basis.\n These attacks seek to compromise confidentiality, integrity availability of confidential information disrupt normal\n business operations, could impair Company’s ability to attract retain customers for products\n services, impact Company’s stock price, damage commercial relationships expose Company to", "litigation or government investigations, could result in penalties, fines or judgments against Company. Globally, attacks\n expected to continue accelerating in frequency sophistication with increasing use by actors of tools techniques\n designed to circumvent controls avoid detection remove or obfuscate forensic evidence, hinders\n Company’s ability to identify, investigate recover from incidents. In attacks against Company customers\n can escalate during periods of severe diplomatic or armed conflict.", "malicious attacks perpetrated to gain access to confidential information, including personal information, affect many\n companies across various industries, Company is at greater risk of targeted because of its high profile\n value of confidential information it creates, owns manages stores processes.\n Company has implemented systems processes to secure its information technology systems prevent", "unauthorized access to or loss of sensitive data mitigate impact of unauthorized access, including through use of\n encryption and authentication technologies. with all companies, these security measures may not be sufficient for all\n eventualities may be vulnerable to hacking, ransomware attacks employee error malfeasance system error faulty\n password management other irregularities. For, third parties can fraudulently induce Company’s or vendors’", "employees customers into disclosing user names, passwords other sensitive information, can be used for\n unauthorized access to Company’s vendors’ systems and services. To help protect customers and Company,\nCompany deploys makes available technologies like multifactor authentication monitors services and systems for\n unusual activity may freeze accounts under suspicious circumstances,, can result in delay or\n loss of customer orders or impede customer access to Company’s products and services.", "Company maintains insurance coverage to address certain data security risks,\n insurance coverage may be insufficient to cover all losses or all types of claims.\n Investment in new business strategies and acquisitions could disrupt Company’s ongoing business, present risks not\n originally contemplated adversely affect Company’s business, reputation results of operations\n financial condition.\n Company has 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", "during 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", "356 35 % 19,593\n Total net sales $ 394,328 8 % $ 365,817 33 % $ 274,515\n Americas\n net sales increased 2022 compared to 2021 due to higher net sales of iPhone, Services and Mac.\n Europe\n net sales increased 2022 2021 due to higher net sales iPhone and Services.\n weakness in foreign currencies relative to U. S. dollar net unfavorable impact on Europe net sales\n 2022.\n Greater China\n net sales increased 2022 compared 2021 due to higher net sales iPhone and Services.", "strength of renminbi relative to U. S. dollar favorable impact on Greater China net sales 2022.\n Japan\n Japan net sales decreased 2022 compared to 2021"]}
{"_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", "fair value adjustments on equity securities and higher interest expense, partially offset by higher foreign exchange gains.\nProvision for Income Taxes\nProvision for income", "Income/(Expense), Net\n for 2022 2021 2020 (dollars in millions):\n 2022 Change 2021 Change 2020\n Interest dividend income $ 2,825 $ 2,843 $ 3,763\n Interest expense (2,931) (2,645) (2,873)\n Other income/(expense), net (228) 60 (87)\n Total income/(expense), net $ (334) (229) % $ 258 (68) % $ 803\n decrease in&E 2022 compared to 2021 due to higher losses debt securities unfavorable\n fair value adjustments equity securities higher interest expense offset by higher foreign exchange gains.", "Provision for Income Taxes\n Provision income"]}
{"_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", "effectiveness 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", "Company continues to monitor situation take appropriate actions in accordance with recommendations\n requirements of relevant authorities. extent to COVID-19 pandemic may impact Company’s operational and\n financial performance remains uncertain will depend on many factors outside Company’s control including timing,\n extent trajectory duration of pandemic, emergence of new variants, development, availability distribution", "effectiveness of vaccines and treatments, imposition of protective public safety measures, impact of pandemic on\n global economy demand for consumer products and services. Additional future impacts on Company may include\n material adverse effects on demand for Company’s products and services, Company’s supply chain sales\n distribution channels, Company’s ability to execute strategic plans, Company’s profitability and cost structure.\n To the"]}
{"_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", "and 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", "fixed payments on Company’s operating\n leases were $1. 9 billion $1. 7 billion $1. 5 billion for 2022 2021 2020 . Lease costs associated with variable\n payments were $14. 9 billion  $12. 9 billion $9. 3 billion for 2022 2021 2020.\n Company made $1. 8 billion  $1. 4 billion $1. 5 billion of fixed cash payments operating leases in 2022 2021\n 2020 . Noncash activities involving right-of-use (“ROU”) assets exchange for lease liabilities were", "$2. 8 billion for 2022  $3. 3 billion for 2021 $10. 5 billion for 2020 including impact of adopting 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", "involve 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-", "offs. 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", "claims may arise.\n Investment in new business strategies acquisitions could disrupt Company’s ongoing business present risks not\n originally contemplated adversely affect Company’s business, reputation results of operations\n financial condition.\n Company has invested, future may invest, in new business strategies acquisitions. endeavors may\n involve significant risks uncertainties including distraction of management from current operations, greater-than-expected", "liabilities expenses economic, political legal regulatory challenges with operating in new businesses\n regions countries inadequate return on capital potential impairment of tangible intangible assets significant write-\n offs. Investment acquisition transactions exposed to additional risks, including failing to obtain required regulatory\n approvals timely basis or imposition of onerous conditions that could delay or prevent Company from\n completing transaction or limit"]}
{"_id": "d4aa05306", "title": "", "text": ["Plans 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", "Total  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", "Plans\n ProgramsApproximate\n Dollar Value\n Shares\n Be Purchased\n Under Plans\n Programs\n June 26, 2022 to July 30, 2022\n Open market privately negotiated purchases 41,690 $ 145. 91 41\n July 31, 2022 to August 27, 2022:\n Open market privately negotiated purchases 54,669 $ 168. 29 54\n August 28, 2022 to September 24, 2022:\n Open market privately negotiated purchases 63,813 $ 155. 59 63,813\n Total 160,172 $ 60,665\n (1) September 24, 2022 Company authorized Board of Directors to purchase $405 billion", "Company’s common stock under share repurchase program announced 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 4. 1 8/8/22Incorporated Reference\n Exhibit\n Number Description Form Date\n Period End\n Date\n Apple Inc. 2022 Form 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", "the third quarter of 2022, the Company terminated the authority to grant new awards under the 2014 Plan.\nApple Inc. | 2022  Form 10-K | 46", "2022.\n 2014 Employee Stock Plan\n Apple Inc. 2014 Employee Stock Plan (the “2014 Plan”) is shareholder-approved plan provided for broad-based equity\n grants to employees, including executive officers. 2014 Plan permitted same types of equity\n awards with same terms as 2022 Plan. 2014 Plan also permitted granting cash bonus awards.\n third quarter of 2022, Company terminated authority to grant new awards under 2014 Plan.\n Apple Inc. | 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", "and 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", "facilities 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", "make 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", "supply 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", "’s operations. restrictions can\n be announced with little or no advance notice Company may not be to mitigate all adverse impacts from\n measures. If disputes conflicts escalate future, actions by governments in response could be significantly\n more severe restrictive could adversely affect Company’s business. Political uncertainty surrounding trade\n and other international disputes could have negative effect on consumer confidence and spending, could adversely\n affect Company’s business.", "affect Company’s business.\n Many Company’s operations and facilities, critical business operations of Company’s suppliers contract\n manufacturers, are in locations prone to earthquakes other natural disasters. such operations\n facilities subject to risk of interruption by fire, power shortages nuclear power plant accidents other industrial\n accidents terrorist attacks hostile acts ransomware cybersecurity attacks labor disputes public health", "issues, including pandemics COVID-19 pandemic, other events beyond Company’s control. Global climate\n change resulting in certain natural disasters occurring more frequently with intense effects. Such events can\n make it difficult or impossible for Company to manufacture deliver products to customers, create delays\n inefficiencies in Company’s supply and manufacturing chain, result in slowdowns outages to Company’s service", "offerings. Following interruption to business, Company can require substantial recovery time, experience significant\n expenditures to resume operations, lose significant sales. Company relies on single or limited sources for\n supply and manufacture of many critical components, business interruption affecting such sources would exacerbate\n negative consequences to Company.\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", "Watch 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", "fourth quarter of 2021.\n Mac\n Mac net sales increased 2022 compared 2021 due to higher net sales of laptops.\n iPad\n iPad net sales decreased 2022 2021 due to lower net sales of iPad Pro.\n Wearables, Home and Accessories\n Wearables Home Accessories net sales increased 2022 2021 due to higher net sales of Apple\n Watch AirPods.\n Services\n Services net sales increased 2022 2021 due to higher net sales from advertising cloud services\n App Store.\n Apple Inc. | 2022 Form 10-K| 21"]}
{"_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", "government, which, in either case (x)(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) \n13", "0. 000% 2025 Notes, 0. 875% 2025 Notes, 2026\n Notes, 2027 Notes, 1. 375% 2029 Notes and 2031 Notes, term “U. S. government obligations” shall\n instead mean (x) any security (i) direct obligation of German government or (ii) obligation of person\n controlled or supervised by and acting as agency or instrumentality of German government payment of\n fully unconditionally guaranteed by German government or central bank of German", "government, in either case (x)(i) or (ii), not callable or redeemable at option of issuer, and (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", "what 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", "investigations 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", "condition. 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", "Company’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", "increasing regulation, government investigations, legal actions penalties.\n From time to Company has made changes to its App Store, including actions in response to competition, market\n legal conditions. Company may make further business changes in future. New legislative initiatives, EU\n Digital Markets Act, or similar laws in other jurisdictions, could require further changes. These changes could include how to", "extent Company charges developers for access to platforms manages distribution of apps outside App\n Store.\n Company currently subject to antitrust investigations in various jurisdictions, can result in\n legal proceedings claims against Company could individually or, have materially adverse impact\n on Company’s business, results of operations financial condition. For example Company subject of", "investigations in Europe other jurisdictions relating to App Store terms and conditions. If investigations result in adverse\n findings against Company, Company could be exposed to significant fines may be required to make changes to\n App Store business, all could materially adversely affect Company’s business, results of operations financial\n condition. Company subject to litigation relating to App Store, resulted in changes to Company’s\n business practices, may in future result in further changes.", "Company has commercial relationships with other companies in technology industry or may become\n subject to investigations and litigation if resolved against other companies, could materially adversely affect\n Company’s commercial relationships with business partners adversely affect Company’s business,\n results of operations financial condition. For example, Company earns revenue from licensing arrangements with other", "companies to offer search services on Company’s platforms and apps, certain these arrangements currently\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", "services 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", "revenue, and does not disclose amounts, related to these undelivered services.\nApple Inc. | 2022", ", generally occurs when product shipped. Revenue allocated to\n product-related bundled services unspecified software upgrade rights deferred recognized straight-line basis\n over estimated period expected to be provided. Cost of sales related to delivered hardware bundled software,\n including estimated warranty costs recognized at time of sale. Costs incurred to provide product-related bundled\n services and unspecified software upgrade rights recognized as cost of sales as incurred.", "For certain long-term service arrangements Company has performance obligations for services not yet delivered. For\n arrangements Company not have right to bill for undelivered services. Company determined\n any unbilled consideration relates entirely to value of undelivered services. Company not recognized\n revenue, does not disclose amounts, related to these undelivered services.\n Apple Inc. | 2022"]}
{"_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 ,", "respectively, 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", "quoted prices in active markets for identical assets\n liabilities, quoted prices for identical similar assets liabilities in inactive markets or other inputs observable\n corroborated by observable market data for full term of assets liabilities.\n (3) As of September 24, 2022 and September 25, 2021, total marketable securities included $12. 7 billion and $17. 9 billion \n restricted from general use related to State Aid Decision Note 5, “Income Taxes”)\n other agreements.\n Apple Inc. | 2022 Form 10-K | 38"]}
{"_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", "10, 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", "law 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", "the 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", "Proceedings\n Epic Games\n Epic Games, Inc. (“Epic”) filed a lawsuit in U. S. District Court for Northern District of California (the “Northern California\n District Court”) against Company alleging violations of federal state antitrust laws California’s unfair competition law\n based upon Company’s operation of App Store. Company filed counterclaim for breach of contract. September\n 10, 2021, Northern California District Court ruled in favor of Company with nine out of ten counts included", "in Epic’s claim, in favor of Company Company’s claims for breach of contract. Northern California\n District Court found provisions Company’s App Store Review Guidelines violate California’s unfair competition\n law issued injunction. Epic appealed decision. Company filed cross-appeal granted a stay\n pending appeal.\n Other Legal Proceedings\n Company subject to other legal proceedings and claims not fully resolved arisen in", "ordinary course of business. Company settled certain matters during fourth quarter of 2022 not individually or\n material impact on Company’s financial condition or operating results. outcome of litigation\n inherently uncertain. If one or more legal matters resolved against Company in reporting period for amounts above\n management’s expectations, Company’s financial condition and operating results for reporting period could be materially\n adversely affected.\n Item 4. Mine Safety Disclosures", "Item 4. Mine Safety Disclosures\n Not applicable.\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", "Timothy 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", "confirming 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", "TIMOTHY 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", "ANDREA 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", "SIGNATURES\n Pursuant requirements of Section 13 or 15(d) Securities Exchange Act of 1934, Registrant caused this\n report to be signed by undersigned authorized.\n Date: October 27, 2022 Apple Inc.\n By: /s/ Luca Maestri\n Luca Maestri\n Senior Vice President,\n Chief Financial Officer\n Power of Attorney\n KNOW ALL PERSONS PRESENTS each person signature appears below constitutes appoints\n Timothy D. Cook and Luca Maestri, jointly attorneys-in-fact, each with power of substitution for", "capacities to sign amendments to Annual Report on Form 10-K to file same with exhibits\n other documents connection with Securities and Exchange Commission ratifying\n confirming all each attorneys-in-fact or substitute substitutes may do cause done virtue.\n Pursuant requirements Securities Exchange Act of 1934 report signed below by following persons\n on behalf of Registrant in capacities dates indicated:\n Name Title Date\n /s/ Timothy D. CookChief Executive Officer and Director", "(Principal Executive Officer)October 27, 2022\n TIMOTHY D. COOK\n /s/ Luca MaestriSenior Vice President, Chief Financial Officer\n (Principal Financial Officer)October 27, 2022\n LUCA MAESTRI\n /s/ Chris KondoSenior Director of Corporate Accounting\n (Principal Accounting Officer)October 27, 2022\n CHRIS KONDO\n /s/ James A. Bell DirectorOctober 27, 2022\n JAMES A. BELL\n /s/ Al Gore DirectorOctober 27, 2022\n AL GORE\n /s/ Alex Gorsky DirectorOctober 27, 2022\n ALEX GORSKY\n /s/ Andrea Jung DirectorOctober 27, 2022", "/s/ Andrea Jung DirectorOctober 27, 2022\n ANDREA JUNG\n /s/ Arthur D. Levinson Director and Chair of the BoardOctober 27, 2022\n ARTHUR D. LEVINSON\nMonica Lozano DirectorOctober 27, 2022\n Ronald D. Sugar DirectorOctober 27, 2022\n RONALD D. SUGAR\n Susan L. Wagner DirectorOctober 27, 2022\n SUSAN L. WAGNER\n Apple Inc. 2022 Form 10-K 58"]}
{"_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;", "3.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", "procedures (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", "consolidated 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", "accepted 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", "during 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", "financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons \nperforming the equivalent functions", "Exhibit 31. 2\n CERTIFICATION\n I, Luca Maestri, certify:\n 1. I reviewed this annual report on Form 10-K of Apple Inc. ;\n 2. knowledge this report not contain any untrue statement of material fact or omit to state material fact\n necessary to make statements made, in circumstances statements made, not\n misleading with respect to period covered by this report;\n 3. knowledge financial statements, and other financial information included in this report, present in", "material respects financial condition, results of operations and cash flows of Registrant as of for periods\n presented in this report;\n 4. Registrant’s other certifying officer(s) and I responsible for establishing maintaining disclosure controls and\n procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as\n defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for Registrant and have:", "(a)Designed such disclosure controls and procedures, or caused disclosure\n our supervision to ensure material information relating to Registrant including its\n consolidated subsidiaries, is made known to us by others within entities particularly during period in\n this report is being prepared;\n (b)Designed internal control over financial reporting caused\n under supervision to provide reasonable assurance regarding reliability of financial", "reporting preparation of financial statements for external purposes in accordance with generally\n accepted accounting principles;\n (c)Evaluated effectiveness of Registrant’s disclosure controls and procedures presented in report\n our conclusions about effectiveness of disclosure controls and procedures, as of end of period\n covered by this report based on evaluation;\n (d)Disclosed in report any change in Registrant’s internal control over financial reporting occurred", "during Registrant’s recent fiscal quarter (the Registrant’s fourth fiscal quarter in annual\n report) materially affected, or likely to affect, Registrant’s internal control\n over financial reporting; and\n 5. Registrant’s other certifying officer(s) and I disclosed, based on our recent evaluation of internal control over\n financial reporting, to Registrant’s auditors and audit committee of Registrant’s board of directors (or persons\n performing equivalent functions"]}
{"_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", "maturity date of 0. 875% 2025 Notes), (iii) respect 1. 375% 2029 Notes, February\n 24, 2029 (three months prior to maturity date 1. 375% 2029 Notes) (iv) respect 2031 Notes,\n August 15, 2031 (three months prior to maturity 2031 Notes).\n 7"]}
{"_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", "identified 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", "reporting preparation of financial statements\n with GAAP. Company’s independent public accounting firm, Ernst & Young LLP, issued audit\n report on Company’s internal control over financial reporting appears in Part II, Item 8 of Form 10-K.\n Changes in Internal Control over Financial Reporting\n no changes in Company’s internal control over financial reporting during fourth quarter of 2022,\n identified with management’s evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under", "Exchange Act materially affected, or likely to affect Company’s internal control over\n financial reporting.\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", "liabilities 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", "(2) in case 2013 Indenture, holders of not less than 25% of aggregate principal amount of\n outstanding debt securities of such series, and in case 2018 Indenture, holders of not\n less than 33% of aggregate principal amount of outstanding debt securities such series\n requested trustee to institute proceedings in respect of event of default;\n (3) trustee offered indemnity reasonably satisfactory to against costs, expenses\n liabilities in complying with request;", "liabilities in complying with request;\n (4) trustee failed to institute proceedings 60 days after receipt of notice, request and offer\n of indemnity;\n (5) no direction inconsistent with written request given for 60 days by holders of\n majority in aggregate principal amount of outstanding debt securities such series.\n holders of majority in aggregate principal amount of outstanding debt securities"]}
{"_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", "2021 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", "IV\n Item 15. Exhibit Financial Statement Schedules\n)Documents filed report\n financial statements\n Index Consolidated Financial Statements Page\n Consolidated Statements Operations years ended September 24, 2022 September 25, 2021\n September 26, 2020 29\n Consolidated Statements Comprehensive Income years ended September 24, 2022 September 25\n 2021 September 26, 2020 30\n Consolidated Balance Sheets September 24, 2022 September 25, 2021 31", "Consolidated Statements Shareholders’ Equity years ended September 24, 2022 September 25, 2021\n September 26, 2020 32\n Consolidated Statements Cash Flows years ended September 24, 2022 September 25, 2021\n September 26, 2020 33\n Notes Consolidated Financial Statements 34\n Reports Independent Registered Public Accounting Firm* 50"]}
{"_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", "iPad\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;", "TV 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", "® Company’s line of smartphones iOS operating system. iPhone line includes iPhone 14 Pro,\n iPhone 14 iPhone 13, iPhone SE® iPhone 12 iPhone 11.\n Mac\n Mac® is Company’s line of personal computers macOS® operating system. Mac line includes laptops\n MacBook Air® MacBook Pro® desktops iMac® Mac mini® Mac StudioTM Mac Pro®.\n iPad\n iPad® Company’s line of multipurpose tablets iPadOS® operating system. iPad line includes iPad Pro®\n iPad Air® iPad iPad mini®.\n Wearables, Home and Accessories", "Wearables, Home and Accessories\n Wearables, Home Accessories includes:\n •AirPods®, Company’s wireless headphones including AirPods, AirPods Pro® AirPods MaxTM;\n •Apple TV®, Company’s media streaming gaming device tvOS® operating system including Apple\n TV 4K Apple TV HD;\n •Apple Watch®, Company’s line of smartwatches watchOS® operating system including Apple Watch\n Ultra TM Apple Watch Series 8 Apple Watch SE®;\n •Beats® products HomePod mini® accessories.\n Apple Inc. | 2022 Form 10-K| 1"]}
{"_id": "d4aa0a66c", "title": "", "text": ["We 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", "issued €1,400,000,000 aggregate principal amount 2026 Notes November 10, 2014.\n maturity date 2026 Notes is November 10, 2026, interest at rate of 1. 625% per annum paid annually\n on November 10 of each year beginning November 10, 2015, maturity date. As of October 14, 2022 ,\n €1,400,000,000 aggregate principal amount 2026 Notes outstanding.\n 3"]}
{"_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", "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", "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", "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", "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", "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.", "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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "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,", "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", "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", "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", "statements present fairly, financial position of Apple Inc. at September 24, 2022 and September 25, 2021, results of its operations and cash flows for each of three years in period ended September 24, 2022, in conformity with U. S. generally accepted accounting principles. We audited, with standards 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 in Internal Control – Integrated", "on criteria in Internal Control – Integrated Framework issued by Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) our report dated October 27, 2022 expressed unqualified opinion. Basis for Opinion financial statements are responsibility of Apple Inc. ’s management. Our responsibility is to express opinion on Apple Inc. ’s financial statements based on our audits. We are public accounting firm registered with PCAOB required to be independent with respect to Apple Inc. in", "to be independent with respect to Apple Inc. in accordance with U. S. federal securities laws applicable rules and regulations of U. S. Securities and Exchange Commission and PCAOB. We conducted audits in accordance with standards of PCAOB. standards require plan perform audit to obtain reasonable assurance about financial statements free of material misstatement, due to error or fraud. audits included procedures to assess risks of material misstatement of financial statements error or fraud procedures", "of financial statements error or fraud procedures respond to those risks. procedures included examining test basis evidence regarding amounts and disclosures in financial statements. audits included evaluating accounting principles used and significant estimates made by management evaluating overall presentation of financial statements. We believe our audits provide reasonable basis for our opinion.Critical Audit Matter critical audit matter communicated below is a matter arising from current period audit", "is a matter arising from current period audit of financial statements communicated required to to audit committee: (1) relates to accounts or disclosures material to financial statements and (2) involved our challenging, subjective or complex judgments. communication of critical audit matter does not alter our opinion on financial statements, we not providing separate opinion on critical audit matter or account or disclosure to it relates. Uncertain Tax Positions Description of Matter As discussed in Note", "Description of Matter As discussed in Note 5 to financial statements, Apple Inc. is subject to taxation and files income tax returns in U. S. federal jurisdiction and many state and foreign jurisdictions. As of September 24, 2022, total gross unrecognized tax benefits was $16. 8 billion, of $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 interpretation application of complex domestic and", "application of complex domestic and international tax laws. Auditing management’s evaluation of uncertain tax position likely not to sustained and measurement of benefit of various tax positions can be complex, involves significant judgment is based on interpretations of tax laws and legal rulings. Apple Inc. | 2022 Form 10-K | 50 How We Addressed the Matter in Audit We tested controls relating to evaluation of uncertain tax positions, including controls over management’s assessment tax positions more", "over management’s assessment tax positions more likely not to sustained, management’s process to measure benefit of tax positions, development of related disclosures. To evaluate Apple Inc. ’s assessment of tax positions more likely than not to sustained, our audit procedures included reading and evaluating management’s assumptions and analysis, and applicable, Apple Inc. ’s communications with taxing authorities, detailed basis and technical merits of uncertain tax positions.involved tax subject resources", "tax positions.involved tax subject resources in assessing technical merits of Apple Inc. ’s tax positions based on knowledge of relevant tax laws experience with related taxing authorities. For certain tax positions received external legal counsel confirmation letters discussed matters with external advisors Apple Inc. tax personnel. evaluated Apple Inc. ’s disclosure relation to matters included in Note 5 to financial statements.  Ernst & Young LLP served as Apple Inc. ’s auditor since 2009. San Jose,", "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 Shareholders Board of Directors of Apple Inc. Opinion on Internal Control Over Financial Reporting audited Apple Inc. ’s internal control over financial reporting as of September 24, 2022 based on criteria in Internal Control – Integrated Framework by Committee of Sponsoring Organizations of Treadway Commission (2013 framework) (the “COSO", "Treadway Commission (2013 framework) (the “COSO criteria”). opinion Apple Inc. maintained effective internal control over financial reporting as of September 24, 2022 based COSO criteria. audited standards of Public Company Accounting Oversight Board (United States) “PCAOB”), consolidated balance sheets of Apple Inc. as of September 24, 2022 and September 25, 2021 related consolidated statements of operations, comprehensive income, shareholders’ equity cash flows for each three years in period ended", "cash flows for each three years in period ended September 24, 2022 related notes report dated October 27, 2022 expressed unqualified opinion. Basis for Opinion Apple Inc. ’s management responsible for maintaining effective internal control over financial reporting for assessment of effectiveness internal control over financial reporting included in accompanying Management’s Annual Report on Internal Control over Financial Reporting. responsibility to express opinion on Apple Inc. ’s internal control over", "opinion on Apple Inc. ’s internal control over financial reporting based on audit. public accounting firm registered with PCAOB required to be independent respect to Apple Inc.accordance with U. S. federal securities laws applicable rules and regulations of U. S. Securities and Exchange Commission PCAOB. conducted audit in accordance with standards of PCAOB. standards require plan perform audit to obtain reasonable assurance about effective internal control over financial reporting maintained in material", "over financial reporting maintained in material respects. audit included obtaining understanding of internal control over financial reporting assessing risk material weakness exists testing evaluating design operating effectiveness of internal control based on assessed risk performing other procedures as considered necessary in circumstances. believe our audit provides reasonable basis for opinion. Definition and Limitations of Internal Control Over Financial Reporting company’s internal control over", "Reporting company’s internal control over financial reporting is process designed to provide reasonable assurance regarding reliability of financial reporting preparation of financial statements for external purposes in accordance with U. S. generally accepted accounting principles. company’s internal control over financial reporting includes policies and procedures (1) pertain to maintenance of records accurately fairly reflect transactions dispositions of assets company; (2) provide reasonable assurance", "assets company; (2) provide reasonable assurance transactions are recorded as necessary to permit preparation of financial statements in accordance with U. S. generally accepted accounting principles, receipts and expenditures company made only in accordance with authorizations of management and directors company; (3) provide reasonable assurance regarding prevention or detection of unauthorized acquisition, use, or disposition of company’s assets could material effect on financial statements. of inherent", "effect on financial statements. of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. projections of evaluation of effectiveness to future periods subject to risk controls may become inadequate because of changes in conditions or degree of compliance with 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 Disagreements with Accountants on Accounting", "in Disagreements with Accountants on Accounting Financial Disclosure None. Item 9A. Controls and Procedures Evaluation of Disclosure Controls and Procedures Based on evaluation under supervision participation of Company’s management, Company’s principal executive officer principal financial officer concluded Company’s disclosure controls procedures defined in Rules 13a-15(e) 15d-15(e) under Exchange Act effective as of September 24, 2022 to provide reasonable assurance that information required to be", "assurance that information required to be disclosed by Company in reports files submits under Exchange Act is (i recorded, processed summarized reported within time 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", "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", "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", "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", "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", "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,", "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", "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", "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", "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", "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.", "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", "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", "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", "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", "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", "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", "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", "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", "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", "• in case of 2018 Indenture, to add to, change or eliminate provisions of 2018 Indenture in respect of one or more series of debt securities; provided any addition, change or elimination effective only when no outstanding security of any series created prior to execution of supplemental indenture entitled to benefit of such provision and to which supplemental indenture apply; • to cure any ambiguity, omission, defect or inconsistency; • to change any other provision; provided change not adversely affect", "provision; provided change not adversely affect interests of holders of debt securities of in case of 2013 Indenture any series, and in 2018 Indenture, any outstanding series, in material respect; • to supplement provisions of applicable Indenture to extent necessary to permit or facilitate defeasance and discharge of any series of Notes pursuant to Indenture; 12 provided action not adversely affect interests of holders of Notes of such series or any other series of debt securities in material respect; •", "series of debt securities in material respect; • to comply with rules or regulations of any securities exchange or automated quotation system on which Notes listed or traded; and • to add to, change or eliminate provisions of applicable Indenture as necessary or desirable in accordance with amendments to Trust Indenture Act of 1939, as amended, and in case of 2013 Indenture, provided such action does not adversely affect rights or interests of any holder of debt securities in material respect. holders of", "debt securities in material respect. holders of at least a majority in aggregate principal amount of outstanding Notes of any series may, on behalf of holders of all Notes of series, waive compliance with certain restrictive provisions of Indentures.holders of a majority in aggregate principal amount of outstanding Notes of a series may, on behalf of holders all Notes series, waive any past default and its consequences under applicable Indenture with respect to Notes series, except a default (1) in payment", "to Notes series, except a default (1) in payment of principal or premium, or interest on Notes series or (2) in respect of a covenant or provision of applicable Indenture cannot be modified or amended without consent of holder of each Note of series. Upon waiver, such default will cease to exist, and any event of default arising therefrom will be deemed to cured for Indenture;, no such waiver will extend to any subsequent or other default or event default or impair rights consequent thereon. Discharge,", "or impair rights consequent thereon. Discharge, Defeasance and Covenant Defeasance We may discharge certain obligations to holders of Notes of a series not delivered to trustee for cancellation and become due and payable or will become due and payable within one year (or scheduled for redemption within one year) by depositing with trustee, in trust, funds in U. S. dollars in amount sufficient to pay entire indebtedness including principal and premium, and interest to date of deposit (if due and payable) or", "to date of deposit (if due and payable) or to maturity or redemption date of Notes of series, as. We may direct trustee to invest such funds in U. S. Treasury securities with maturity of one year or less or in a money market fund invests solely in short-term U. S. Treasury securities.Indentures provide we may elect (1) to defease be discharged from obligations with respect to Notes of a series (except for, obligations to register transfer or exchange of Notes, replace temporary or mutilated, destroyed,", "Notes, replace temporary or mutilated, destroyed, lost or stolen Notes, maintain office or agency Notes hold moneys for payment in trust) (“legal defeasance”) or (2) to be released from our obligations to comply with restrictive covenants under applicable Indenture, omission to comply with obligations not constitute a default or event of default with to Notes of series and clauses (3) and (6) under caption “Events of Default” above will no longer be applied (“covenant defeasance”). Legal defeasance or", "(“covenant defeasance”). Legal defeasance or covenant defeasance, conditioned upon irrevocable deposit by us with trustee, in trust, of amount in U. S. dollars, or U. S. government obligations (as modified below), or both, applicable to Notes of that series which through scheduled payment of principal and interest in accordance with terms will provide money in amount sufficient to pay principal or premium, if, and interest on Notes on scheduled due dates therefor. If we effect covenant defeasance with", "therefor. If we effect covenant defeasance with respect to Notes of any series, amount in U. S. dollars, or U. S. government obligations (as modified below), or both, on deposit with trustee will be sufficient, in opinion of nationally recognized firm of independent accountants, to pay amounts due on Notes of that series at time of stated maturity but may not be sufficient to pay amounts due on Notes series at time of acceleration resulting from event of default. However we remain liable to make payment of", "However we remain liable to make payment of such amounts due at time of acceleration. With respect to 2022 Notes, 2024 Notes, 0. 000% 2025 Notes, 0.875% 2025 Notes, 2026 Notes, 2027 Notes, 1. 375% 2029 Notes 2031 Notes, term “U. S. government obligations” mean (x) any security (i) direct obligation of German government or (ii) obligation of person controlled or supervised by acting as agency or instrumentality of German government payment fully unconditionally guaranteed by German government or central", "guaranteed by German government or central bank of German government, in either case (x)(i) or (ii), not callable or redeemable at option of issuer, and (y) 13 certificates, depositary receipts or other instruments evidence direct ownership interest in obligations described in clause (x)(i) or (x)(ii) above or in specific principal or interest payments due in respect thereof. respect to 3. 050% 2029 Notes and 2042 Notes, term “U. S. government obligations” mean (x) any security (i) direct obligation of", "mean (x) any security (i) direct obligation of United Kingdom government or (ii) obligation of person controlled or supervised by acting agency or instrumentality of United Kingdom government payment fully unconditionally guaranteed by United Kingdom government or central bank of United Kingdom government, in either case (x)(i) or (ii), not callable or redeemable at option of issuer, and (y) certificates, depositary receipts or other instruments evidence direct ownership interest in obligations described", "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. required to deliver to trustee opinion of counsel that deposit and related defeasance will not cause holders and beneficial owners of Notes of series to recognize income, gain or loss for federal income tax purposes. If elect legal defeasance, opinion of counsel must be based upon ruling from U. S. Internal Revenue Service or change in law to", "S. Internal Revenue Service or change in law to effect.exercise legal defeasance option notwithstanding prior exercise of covenant defeasance option. Book-Entry and Settlement Notes issued in book-entry form represented by global notes deposited with or on behalf of common depositary on behalf of Euroclear and Clearstream registered in name of common depositary or nominee. Except described certificated notes not issued in exchange for beneficial interests in global notes. Certificated Notes Subject to", "in global notes. Certificated Notes Subject to certain conditions Notes represented by global notes exchangeable for certificated notes in definitive form of like tenor minimum denominations of €100,000 principal amount integral multiples of €1,000 in excess thereof in case of 2022 Notes, 2024 Notes, 0. 000% 2025 Notes, 0. 875% 2025 Notes, 2026 Notes, 2027 Notes, 1. 375% 2029 Notes 2031 Notes, minimum denominations of £100,000 principal amount integral multiples of £1,000 in excess thereof in case of 3.", "of £1,000 in excess thereof in case of 3. 050% 2029 Notes and 2042 Notes, if: 1. common depositary notifies us unwilling or unable to continue as depositary or"]}
{"_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", "billion , 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", "other 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", "the 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.", "Substantially 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", "supplier 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", "Share-Based Compensation\n table shows share-based compensation expense related income tax benefit in Consolidated\n Statements of Operations for 2022 , 2021 2020 (in millions):\n 2022 2021 2020\n Share-based compensation expense $ 9,038 $ 7,906 $ 6,829\n Income tax benefit related to share-based compensation expense $ (4,002) $ (4,056) $ (2,476)\n As of September 24, 2022 , total unrecognized compensation cost related to outstanding RSUs and stock options was $16. 7", "billion , Company expects to recognize over weighted-average period of 2. 6 years.\n Note 10 – Commitments and Contingencies\n Concentrations in Available Sources of Supply of Materials and Product\n most components essential to Company’s business available from multiple sources, certain\n components obtained from single or limited sources. Company competes for components with\n other participants in markets for smartphones, personal computers tablets wearables accessories. many", "components used Company including multiple sources, subject to industry-wide\n shortage significant commodity pricing fluctuations.\n Company uses some custom components not commonly used by competitors new products introduced\n Company often utilize custom components available from only one source. When component or product uses new\n technologies, initial capacity constraints may exist until suppliers’ yields matured or manufacturing capacities", "increased. continued availability of components at acceptable prices may be affected if suppliers\n concentrate on production of common components instead of components customized requirements.\n all Company’s hardware products manufactured by outsourcing partners primarily in\n Asia some Mac computers manufactured in U. S. and Ireland.\n Unconditional Purchase Obligations\n Company entered into certain off–balance sheet commitments require future purchase of goods or services", "(“unconditional purchase obligations”).Company’s unconditional purchase obligations consist payments for\n supplier arrangements internet services content creation. Future payments under noncancelable purchase\n obligations remaining term one year as of September 24, 2022 (in millions):\n 2023 $ 13,488\n 2024 4,876\n 2025 1,418\n 2026 6,780\n 2027 312\n Thereafter 412\n Total $ 27,286\n Contingencies\n Company subject"]}
{"_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", "payments 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", "maturity 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", "000% 2025 Notes, 0. 875% 2025 Notes, 1. 375% 2029 Notes and 2031\n Notes at our option, any time in whole or in part, prior to applicable Par Call Date at\n redemption price equal to greater of:\n •100% of principal amount of Notes to be redeemed; or\n •the sum of present values of remaining scheduled payments of principal and interest\n assuming Notes matured on applicable Par Call Date (not including portion of\n payments of interest accrued as of date of redemption), discounted to date of redemption on", "annual basis (ACTUAL/ACTUAL (ICMA)) at applicable Comparable Government Bond Rate (as\n defined below), plus 10 basis points in 0. 000% 2025 Notes, plus 15 basis points in\n case 0. 875% 2025 Notes and 2031 Notes, 20 basis points in 2029 Notes.\n “Par Call Date” means respect to 0. 000% 2025 Notes, August 15, 2025 (three months prior to\n maturity date of 0. 000% 2025 Notes), (ii 0. 875% 2025 Notes, February 24, 2025 (three\n months prior to maturity date of 0. 875% 2025 Notes), 1. 375% 2029 Notes, February", "24, 2029 (three months prior to maturity date of 1. 375% 2029 Notes) (iv) respect to 2031 Notes,\n August 15, 2031 (three months prior to maturity of 2031 Notes).\n 7"]}
{"_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", "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", "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%", "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", "(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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "include, but are not limited to, those discussed in Part I, Item", "UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT SECTION 13 OR 15(d) SECURITIES EXCHANGE ACT OF 1934 fiscal year ended September 24, 2022 TRANSITION REPORT SECTION 13 OR 15(d) SECURITIES EXCHANGE ACT OF 1934 transition period from to. Commission File Number: 001-36743 Apple Inc. (Exact name Registrant specified charter) California 94-2404110 (State or jurisdiction of incorporation organization) (I. R. S. Employer Identification No. ) One Apple", "(I. R. S. Employer Identification No. ) One Apple Park Way Cupertino, California 95014 (Address principal executive offices) (Zip Code) (408) 996-1010 (Registrant’s telephone number including area code) Securities registered Section 12(b) Act: Title each class Trading symbol(s) Name each exchange registered Common Stock, $0. 00001 par value per share AAPL Nasdaq Stock Market LLC 1. 000% Notes due 2022 — Nasdaq Stock Market LLC 1. 375% Notes due 2024 — Nasdaq Stock Market LLC 0. 000% 2025 — Nasdaq Stock", "Stock Market LLC 0. 000% 2025 — Nasdaq Stock Market LLC 0. 875% 2025 — LLC 1. 625% 2026 — Nasdaq Stock Market LLC 2. 000% 2027 — Nasdaq Stock Market LLC 1. 375% due 2029 — Nasdaq Stock Market LLC 3. 050% Notes due 2029 — Nasdaq Stock Market LLC 0. 500% due 2031 — Nasdaq Stock Market LLC 3. 600% Notes due 2042 — Nasdaq Stock Market LLC Securities registered Section 12(g) Act: None Indicate check mark if Registrant well-known seasoned issuer defined Rule 405 Securities Act.Yes ☒ No ☐ Indicate check mark if", "Securities Act.Yes ☒ No ☐ Indicate check mark if Registrant not required to file reports to Section 13 or Section 15(d) of Act. Yes ☐ No ☒ Indicate check mark whether Registrant (1) has filed all reports required by Section 13 or 15(d) of Securities Exchange Act of 1934 during preceding 12 months (or shorter period reports), and (2) been subject to such filing requirements for past 90 days. Yes ☒ No ☐ Indicate check mark whether Registrant submitted electronically every Interactive Data File required to", "every Interactive Data File required to Rule 405 of Regulation S-T (§232. 405 of chapter) during preceding 12 months (or shorter period. Yes ☒ No ☐ Indicate check mark whether Registrant is a large accelerated filer, accelerated filer, non-accelerated filer, smaller reporting company, or emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of Exchange Act. Large accelerated filer ☒ Accelerated", "Act. Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ If emerging growth company, indicate check mark if Registrant elected not to use extended transition period for complying with new or revised financial accounting standards Section 13(a) of Exchange Act. ☐ Indicate check mark whether Registrant has filed report on and attestation to management’s assessment of effectiveness of internal control over financial reporting under", "internal control over financial reporting under Section 404(b) of Sarbanes-Oxley Act (15 U. S. C. 7262(b)) by registered public accounting firm that prepared or issued audit report. ☒ Indicate check mark whether Registrant is a shell company (as defined in Rule 12b-2 of Act).Yes ☐ No ☒ aggregate market value of voting and non-voting stock held by non-affiliates of Registrant as of March 25, 2022, last business day of Registrant’s second fiscal quarter, was approximately $2,830,067,000,000. shares common", "approximately $2,830,067,000,000. shares common stock held by executive officers directors Registrant excluded may be affiliates. determination of officers directors as affiliates not conclusive determination for other. 15,908,118,000 shares of common stock issued and outstanding as of October 14, 2022. DOCUMENTS INCORPORATED BY REFERENCE Registrant’s definitive proxy statement to 2023 annual meeting of shareholders incorporated by reference into Part III of Annual Report on Form 10-K. proxy statement", "of Annual Report on Form 10-K. proxy statement filed with U. S. Securities and Exchange Commission within 120 days after end of fiscal year report. Apple Inc. Form 10-K For 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 Issuer Purchases of", "Related Stockholder Matters Issuer Purchases of Equity Securities 18 Item 6. [Reserved] 19 Item 7. Management’s Discussion Analysis of Financial Condition Results of Operations 20 Item 7A. Quantitative Qualitative Disclosures About Market Risk 26 Item 8. Financial Statements Supplementary Data 28 Item 9. Changes in 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", "9C. Disclosure Regarding Foreign Jurisdictions Prevent Inspections 54 Part III Item 10. Directors, Executive Officers Corporate Governance 54 Item 11.Executive Compensation 54 Item 12. Security Ownership of Beneficial Owners Management Related Stockholder Matters 54 Item 13. Certain Relationships Related Transactions Director Independence 54 Item 14. Principal Accountant Fees Services 54 Part IV Item 15. Exhibit Financial Statement Schedules 55 Item 16. Form 10-K Summary 57 Annual Report on Form 10-K", "Form 10-K Summary 57 Annual Report on Form 10-K (“Form 10-K”) contains forward-looking statements, meaning Private Securities Litigation Reform Act of 1995, involve risks uncertainties. forward-looking statements located in Part I, Item 1 Form 10-K heading “Business” Part II, Item 7 Form 10-K heading “Management’s Discussion Analysis of Financial Condition Results of Operations. ” Forward-looking statements provide current expectations of future events based on assumptions include any statement not", "based on assumptions include any statement not directly relate to historical or current fact. For example, statements in Form 10-K regarding potential future impact of COVID-19 pandemic on Company’s business results of operations are forward-looking statements. Forward-looking statements identified by words “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” similar terms. Forward-looking statements not guarantees of future", "statements not guarantees of future performance Company’s actual results may differ from results discussed in forward-looking statements. Factors might cause differences include not to those discussed in 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", "person (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", "Consolidation, Merger Sale of Assets\n Indentures provide we may consolidate with merge with into any other person, may sell\n transfer lease convey all or substantially all our properties and assets to another person; provided\n following conditions are satisfied:\n •we are continuing entity, or resulting, surviving or transferee person (the “Successor”) is a\n person (if person not a corporation Successor will include corporate co-issuer of", "debt securities) organized existing under laws of United States of America, any state thereof\n or District of Columbia Successor (if not us) will expressly assume, by supplemental\n indenture, all our obligations under debt securities and applicable Indenture for each\n security terms provides for conversion, provide for"]}
{"_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", "The 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,", "2027 Notes\n issued €1,000,000,000 aggregate principal amount 2027 Notes on September 17, 2015.\n maturity date 2027 Notes is September 17, 2027, interest at rate of 2. 000% per annum paid annually\n September 17 each year beginning September 17, 2016, maturity date. As of October 14, 2022 ,\n €1,000,000,000 aggregate principal amount of 2027 Notes outstanding.\n 1. 375% 2029 Notes\n issued €1,250,000,000 aggregate principal amount 1. 375% 2029 Notes on May 24, 2017.", "maturity date of 1. 375% 2029 Notes is May 24, 2029, interest rate of 1. 375% per annum paid annually\n May 24 each year,"]}
{"_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", "of 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", "of September 24, 2022 September 25, 2021  related\n consolidated statements of operations, comprehensive income shareholders’ equity cash flows for each three years\n period ended September 24, 2022 related notes our report dated October 27, 2022 expressed unqualified\n opinion.\n Basis for Opinion\n Apple Inc. ’s management responsible for maintaining effective internal control over financial reporting assessment", "of effectiveness internal control financial reporting included in accompanying Management’s Annual Report on\n Internal Control over Financial Reporting. Our responsibility to express opinion on Apple Inc. ’s internal control over financial\n reporting based on our audit. We public accounting firm registered with PCAOB required to be independent\n with respect to Apple Inc. accordance 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.", "However, 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,", "option 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", "designates 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", "from 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", "interest 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:", "Foreign exchange contracts $ 185,381 $ 126,918 \nApple Inc", "table shows fair value Company’s non-current marketable debt securities by contractual maturity, as of\n September 24, 2022 (in millions):\n Due after 1 year through 5 years $ 87,031\n Due after 5 years through 10 years 16,429\n Due after 10 years 17,345\n Total fair value $ 120,805\n Derivative Instruments and Hedging\n Company may use derivative instruments to partially offset business exposure to foreign exchange interest rate risk.", "Company may choose not to hedge certain exposures for reasons including accounting considerations\n prohibitive economic cost hedging. no assurance hedges will offset more\n portion financial impact from movements foreign exchange or interest rates.\n Foreign Exchange Risk\n To protect gross margins from fluctuations foreign currency exchange rates, Company may enter into forward contracts,\n option contracts other instruments may designate instruments as cash flow hedges. Company", "hedges portions of forecasted foreign currency exposure associated with revenue inventory purchases for up to\n 12 months.\n To protect foreign currency–denominated term debt or marketable securities from fluctuations foreign currency\n exchange rates, Company may enter into forward contracts, cross-currency swaps other instruments. Company\n designates these instruments as cash flow or fair value hedges. As of September 24, 2022 maximum length of time", "Company hedging exposure to variability future cash flows for term debt–related foreign currency\n transactions is 20 years.\n Company may enter into derivative instruments not as accounting hedges to protect gross margins\n from fluctuations foreign currency exchange rates to offset portion foreign currency exchange gains\n losses generated by remeasurement of assets and liabilities denominated in non-functional currencies.\n Interest Rate Risk", "Interest Rate Risk\n To protect Company’s term debt marketable securities from fluctuations interest rates, Company may enter into\n interest rate swaps, options other instruments.Company designates instruments as cash flow or fair value\n hedges.\n notional amounts outstanding derivative instruments as of September 24, 2022 September 25, 2021\n millions):\n 2022 2021\n Derivative instruments accounting hedges\n Foreign exchange contracts $ 102,670 $ 76,475\n Interest rate contracts $ 20,125 $ 16,875", "Interest rate contracts $ 20,125 $ 16,875\n Derivative instruments not hedges\n Foreign exchange contracts $ 185,381 $ 126,918\n Apple Inc"]}
{"_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", "Apple 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", "Exhibit 21. 1\n Subsidiaries\n Apple Inc.\n Jurisdiction\n Incorporation\n Apple Asia Limited Hong Kong\n Apple Asia LLC Delaware U. S.\n Apple Canada Inc.\n Apple Computer Trading (Shanghai) Co. Ltd. China\n Apple Distribution International Limited Ireland\n Apple India Private Limited India\n Apple Insurance Company. Arizona U. S.\n Apple Japan.\n Apple Korea Limited South Korea\n Apple Operations Europe Limited Ireland\n Apple Operations International Limited\n Apple Operations Mexico. Mexico", "Apple Operations Mexico. Mexico\n Apple Pty Limited Australia\n Apple Sales International Limited Ireland\n Apple South Asia) Limited Thailand\n Apple Vietnam Limited Company Vietnam\n Braeburn Capital Inc. Nevada U. S.\n iTunes. Japan\n Pursuant Item(b)(21)(ii"]}
{"_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", "political 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", "governmental agreement entered into in connection with\n implementation of sections of Code; or\n (10)in case of combination of items (1) through (9) above.\n Notes subject to any tax, fiscal or other law or regulation administrative or judicial\n interpretation applicable to Notes. Except specifically provided under this heading “—Payment of Additional\n Amounts,” Company not required to make payment for any Tax imposed by any government or", "political subdivision or taxing authority government subdivision. As used under “—Payment of\n Additional Amounts” and “—Redemption for Tax Reasons,” term “United States” means United States\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", "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", "(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)", "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", "| 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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "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", "net of taxes collected from customers that are remitted to governmental authorities, with the", "(4,774) (215) Other 111 (147) (97) Changes operating assets liabilities Accounts receivable net (1,823) (10,125) Inventories 1,484 (2,642) (127) Vendor non-trade receivables (7,520) (3,903) 1,553 current non-current assets (6,499) (8,042) (9,588) Accounts payable 9,448 12,326 (4,062) Deferred revenue 478 1,676 2,081 liabilities 5,632 5,799 8,916 Cash operating activities 122,151 104,038 80,674 Investing activities Purchases securities (76,923) (109,558) (114,938) Proceeds maturities 29,917 59,023 69,918", "Proceeds maturities 29,917 59,023 69,918 sales 37,446 47,460 50,473 Payments property plant equipment (10,708) (11,085) (7,309) Payments business acquisitions net (306) (33) (1,524) Other (1,780) (352) (909) Cash investing activities (22,354) (14,545) (4,289) Financing activities Payments taxes settlement equity awards (6,223) (6,556) (3,634) Payments dividends equivalents (14,841) (14,467) (14,081) Repurchases common stock (89,402) (85,971) (72,358) Proceeds issuance term debt net 5,465 20,393 16,091", "issuance term debt net 5,465 20,393 16,091 Repayments term debt (9,543) (8,750) (12,629) Proceeds commercial paper net 3,955 1,022 (963) Other (160) 976 754 Cash financing activities (110,749) (93,353) (86,820) Decrease cash equivalents restricted cash (10,952) (3,860) (10,435) Cash equivalents balances $ 24,977 $ 35,929 $ 39,789 Supplemental cash flow disclosure Cash paid income taxes net $ 19,573 $ 25,385 $ Cash paid interest $ 2,865 $ 2,687$ 3,002 See accompanying Notes to Consolidated Financial", "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 consolidated financial statements include accounts of Apple Inc. and its wholly owned subsidiaries (collectively “Apple” or “Company”). Intercompany accounts transactions eliminated. preparation of consolidated financial statements notes in conformity with U. S. generally", "notes in conformity with U. S. generally accepted accounting principles requires management to make estimates assumptions affect amounts reported. Actual results could differ from estimates. prior period amounts in financial statements notes reclassified to conform to current period’s presentation. Company’s fiscal year is 52- or 53-week period ends last Saturday of September. additional week included in first fiscal quarter every five or six years to realign fiscal quarters with calendar quarters first", "fiscal quarters with calendar quarters first quarter of fiscal year ending September 30, 2023. Company’s fiscal years 2022, 2021 2020 spanned 52 weeks each. Unless otherwise stated references to particular years, quarters months periods refer to Company’s fiscal years ended in September associated quarters months periods years. Revenue Recognition Net sales consist revenue from sale of iPhone, Mac, iPad, Services other products. Company recognizes revenue at amount expects entitled when control of products", "amount expects entitled when control of products or services transferred to customers. Control generally transferred when Company has present right to payment and title and significant risks and rewards of ownership of products or services transferred to customers. For most Company’s Products net sales, control transfers when products shipped. For Company’s Services net sales, control transfers over time as services are delivered. Payment for Products and Services net sales collected within short period", "Services net sales collected within short period following transfer of control or commencement of delivery of services, as applicable.Company records reductions to Products net sales related to future product returns, price protection customer incentive programs based on Company’s expectations historical experience. For arrangements with multiple performance obligations, represent promises within arrangement distinct, Company allocates revenue to all distinct performance obligations based on relative", "performance obligations based on relative stand-alone selling prices (“SSPs”). When available, Company uses observable prices to determine SSPs. When observable prices not available, SSPs are established reflect Company’s best estimates of selling prices of performance obligations if sold regularly stand-alone. Company’s process for estimating SSPs without observable prices considers multiple factors vary unique facts circumstances related to each performance obligation including applicable prices charged", "obligation including applicable prices charged by Company for similar offerings, market trends in pricing for similar offerings product-specific business objectives estimated cost to provide performance obligation. Company identified up to three performance obligations included in arrangements involving sale of iPhone, Mac, iPad certain other products. first performance obligation represents substantial portion of allocated sales price, is hardware and bundled software delivered at time of sale. second", "software delivered at time of sale. second performance obligation is right to receive certain product-related bundled services, include iCloud , Siri Maps. third performance obligation is right to receive-available future unspecified software upgrades relating to software bundled with each device. Company allocates revenue and related discounts to these performance obligations based on relative SSPs. Company lacks observable prices for undelivered performance obligations, allocation of revenue is based on", "obligations, allocation of revenue is based on Company’s estimated SSPs. Revenue allocated to delivered hardware and bundled software recognized when control has transferred to customer, generally occurs when product is shipped. Revenue allocated to product-related bundled services and unspecified software upgrade rights is deferred and recognized on straight-line basis over estimated period they expected to be provided.Cost of sales related to delivered hardware bundled software, including estimated", "hardware bundled software, including estimated warranty costs recognized at time of sale. Costs incurred to provide product-related bundled services unspecified software upgrade rights recognized as cost of sales as incurred. For certain long-term service arrangements, Company has performance obligations for services not yet delivered. For arrangements Company not right to bill for undelivered services. Company determined unbilled consideration relates entirely to value of undelivered services. Company not", "to value of undelivered services. Company not recognized revenue, does not disclose amounts, related to these undelivered services. ® Apple Inc. | 2022 Form 10-K| 34 For sale of third-party products where Company obtains control of product before transferring to customer, Company recognizes revenue based on gross amount billed to customers. Company considers multiple factors when determining control of third-party products, including evaluating if can establish price of product retains inventory risk for", "price of product retains inventory risk for tangible products or responsibility for ensuring acceptability of product. For third-party applications sold through App Store certain digital content sold through Company’s other digital content stores, Company does not obtain control of product before transferring to customer. Company accounts for such sales on net basis by recognizing in Services net sales only commission it retains. Company records revenue net of taxes collected from customers remitted to", "net of taxes collected from customers remitted to governmental authorities, with"]}
{"_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", "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", "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", "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", "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", "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 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", "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,", "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", "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", "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,", "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", "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", "global notes representing Floating Rate Notes due 2016, Rate Notes due 2018, 0. 45% Notes 2016, 1. 00% 2018, 2. 40% 2023 3. 85% Notes due 2043. 8-K 4. 1 5\\/3\\/13 4. 4 Officer’s Certificate of Registrant May 6, 2014, global notes Floating Rate Notes due 2017, Floating Rate Notes due 2019, 1. 05% 2017, 2. 10% 2019, 2. 85% 2021, 3. 45% Notes due 2024 4. 45% Notes due 2044. 8-K 4. 1 5\\/6\\/14 4. 5 Officer’s Certificate of Registrant November 10, 2014, global notes 1. 000% Notes due 2022 and 1. 625% Notes due", "1. 000% Notes due 2022 and 1. 625% Notes due 2026. 8-K 4. 1 11\\/10\\/14 4. 6 Officer’s Certificate of Registrant, February 9, 2015, global notes Floating Rate Notes due 2020, 1. 55% Notes due 2020, 2. 15% Notes 2022, 2. 50% Notes due 2025 3. 45% Notes due 2045. 8-K 4. 1 2\\/9\\/15 4. 7 Officer’s Certificate of Registrant May 13, 2015, global notes Floating Rate Notes due 2017, Floating Rate Notes due 2020, 0. 900% Notes 2017, 2. 000% 2020, 2. 700% Notes due 2022, 3. 200% Notes due 2025, 4. 375% Notes due", "2022, 3. 200% Notes due 2025, 4. 375% Notes due 2045. 8-K 4. 1 5\\/13\\/15 4. 8 Officer’s Certificate of Registrant July 31, 2015, global notes representing 3. 05% Notes due 2029 and 3. 60% Notes due 2042. 8-K 4. 1 7\\/31\\/15 4. 9 Officer’s Certificate of Registrant, September 17, 2015, forms global notes representing 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 Description Form Exhibit Filing Date\\/ Period", "Description Form Exhibit Filing Date\\/ Period End Date 4. 10 Officer’s Certificate of Registrant February 23, 2016, global notes Floating Rate Notes due 2019, Notes 2021, 1. 300% Notes due 2018, 1. 700% 2019, 2. 250% 2021, 2. 850% 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 Officer’s Certificate of Registrant March 24, 2016. 8-K 4. 1 3\\/24\\/16 4. 12 Officer’s Certificate of Registrant August 4, 2016, global notes Floating", "Registrant August 4, 2016, global notes 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 Registrant February 9, 2017, global notes Floating Rate Notes due 2019, 2020, Rate Notes 2022, 1. 550% Notes due 2019, 1. 900% 2020, 2. 500% Notes 2022, 3. 000% Notes 2024, 3. 350% Notes due 2027 and 4. 250% Notes due 2047. 8-K4. 1 2\\/9\\/17 4. 14 Officer’s Certificate of Registrant May 11,", "4. 14 Officer’s Certificate of Registrant May 11, 2017, global notes Floating Rate Notes due 2020, Notes 2022, 1. 800% Notes 2020, 2. 300% 2022, 2. 850% Notes 2024 and 3. 200% Notes due 2027.8-K 4. 1 5\\/11\\/17 4. 15 Officer’s Certificate of Registrant May 24, 2017 global notes representing 0. 875% Notes due 2025 1. 375% Notes due 2029. 8-K 4. 1 5\\/24\\/17 4. 16 Officer’s Certificate Registrant June 20, 2017 form global note 3. 000% Notes due 2027. 8-K 4. 1 6\\/20\\/17 4. 17 Officer’s Certificate Registrant,", "6\\/20\\/17 4. 17 Officer’s Certificate Registrant, August 18, 2017 form global note 2. 513% Notes due 2024. 8-K 4. 1 8\\/18\\/17 4. 18 Officer’s Certificate Registrant September 12, 2017 forms global notes 1. 500% Notes due 2019, 2. 100% Notes due 2022, 2. 900% Notes due 2027 3. 750% Notes due 2047. 8-K 4. 1 9\\/12\\/17 4. 19 Officer’s Certificate Registrant November 13, 2017 forms global notes 1. 800% Notes due 2019, 2. 000% due 2020, 2. 400% due 2023, 2. 750% Notes due 2025, 3. 000% Notes due 2027 3. 750%", "Notes due 2025, 3. 000% Notes due 2027 3. 750% Notes due 2047. 8-K 4. 1 11\\/13\\/17 4. 20 Indenture November 5, 2018, between Registrant and Bank of New York Mellon Trust Company, N. A., as Trustee. S-3 4. 1 11\\/5\\/18 4. 21 Officer’s Certificate of Registrant September 11, 2019 forms global notes 1. 700% Notes due 2022, 1. 800% Notes due 2024, 2. 050% Notes due 2026, 2. 200% Notes due 2029 2. 950% Notes due 2049. 8-K 4. 1 9\\/11\\/19 4.22 Officer’s Certificate of Registrant November 15, 2019 global notes", "of Registrant November 15, 2019 global notes representing 0. 000% Notes due 2025 and 0. 500% Notes due 2031. 8-K 4. 1 11\\/15\\/19 4. 23 Officer’s Certificate Registrant May 11, 2020 global notes representing 0. 750% Notes due 2023, 1. 125% due 2025, 1. 650% due 2030 2. 650% Notes due 2050. 8-K 4. 1 5\\/11\\/20 4. 24 Officer’s Certificate Registrant August 20, 2020 global notes 0. 550% Notes due 2025, 1. 25% Notes due 2030, 2. 400% Notes due 2050 2. 550% Notes due 2060. 8-K 4. 1 8\\/20\\/20 4. 25 Officer’s", "due 2060. 8-K 4. 1 8\\/20\\/20 4. 25 Officer’s Certificate Registrant February 8, 2021, global notes 0. 700% Notes due 2026, 1. 200% due 2028, 1. 650% 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 Registrant August 5, 2021 global notes representing 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 October 28, 2021, between Registrant and", "October 28, 2021, between Registrant and Bank of New York Mellon Trust Company, N"]}
{"_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)", "awards  (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", "Apple Inc.\n CONSOLIDATED STATEMENTS SHAREHOLDERS’ EQUITY\n millions share\n Years ended\n September 24,\n 25\n 26,\n 2020\n Total shareholders’ equity beginning balances $ 63,090 $ 65,339 $ 90,488\n Common stock additional paid-in capital\n Beginning balances 57,365 50,779 45,174\n Common stock issued 1,175 1,105 880\n withheld net share settlement equity\n awards (2,971) (2,627) (2,250)\n Share-based compensation 9,280 8,108\n Ending balances 64,849 57,365 50,779\n Retained earnings"]}
{"_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", "Notes”); (v) 0. 875% Notes due 2025\n “0. 875% 2025 Notes”); (vi) 1. 625% Notes due 2026 “2026 Notes”); (vii) 2. 000% Notes due 2027 “2027\n Notes”); (viii) 1. 375% Notes due 2029. 375% 2029 (ix) 3. 050% Notes due 2029. 050% 2029\n (x) 0. 500% Notes due 2031 “2031 Notes”); (xi) 3. 600% Notes due 2042 “2042 Notes\n with 2022 Notes 2024 Notes 0. 000% 2025 Notes 0. 875% 2025 Notes"]}
{"_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)", "Foreign-derived intangible income deduction  (296)  (1,372)  (169) \nResearch and development credit, net  (1,153)  (1,033)  (728) \nExcess tax benefits from equity awards", "reconciliation provision income taxes to applying statutory federal income tax rate ( 21%\n 2022  2021 2020 ) income before provision 2022 2020 (dollars in millions):\n 2022 2021 2020\n Computed expected tax $ 25,012 $ 22,933 $ 14,089\n State taxes net federal effect 1,518 1,151 423\n Impacts Act 542 — (582)\n Earnings of foreign subsidiaries (4,366) (4,715) (2,534)\n Foreign-derived intangible income deduction (296) (1,372) (169)\n Research and development credit, net (1,153) (1,033) (728)", "Excess tax benefits from 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", "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", "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", "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", "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", "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", "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", "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", "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. |", "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", "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", "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", "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", "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)", "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", "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", "$ 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", "Hedge accounting fair value adjustments (1,363) 1,036 Less: Current portion term debt (11,128) (9,613) Total non-current portion term debt $ 98,959 $ 109,106 manage interest rate risk on U. S. dollar–denominated fixed-rate notes Company entered interest rate swaps to convert fixed interest rates to floating interest rates notes. manage foreign currency risk on foreign currency– denominated notes Company entered foreign currency swaps to convert notes to U. S. dollar–denominated notes. effective interest", "S. dollar–denominated notes. effective interest rates for Notes include interest, amortization of discount or premium adjustments related to hedging. Company recognized $2. 8 billion, $2. 6 billion $2. 8 billion interest expense on term debt for 2022, 2021 2020. Apple Inc. | 2022 Form 10-K | 45 future principal payments for Company’s Notes as of September 24, 2022 (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", "term debt $ 111,824 As of September 24, 2022 and September 25, 2021 fair value of Company’s Notes Level 2 inputs, was $98. 8 billion and $125. 3 billion, respectively. Note 8 – Shareholders’ Equity Share Repurchase Program During 2022 Company repurchased 569 million shares common stock for $90. 2 billion under share repurchase program authorized by Board of Directors “Program”). Program does not obligate Company to acquire minimum amount of shares. Program shares may be repurchased in privately negotiated", "shares may be repurchased in privately negotiated open market transactions including under plans complying with Rule 10b5-1 under Securities Exchange Act of 1934, as amended.Shares Common Stock table shows changes in shares common stock for 2022, 2021 2020 (in thousands): 2022 2021 2020 Common stock outstanding, beginning balances 16,426,786 16,976,763 17,772,945 stock repurchased (568,589) (656,340) (917,270) stock issued, net of shares withheld for employee taxes 85,228 106,363 121,088 stock outstanding,", "taxes 85,228 106,363 121,088 stock outstanding, ending balances 15,943,425 16,426,786 16,976,763 Note 9 – Benefit Plans 2022 Employee Stock Plan second quarter of 2022 shareholders approved Apple Inc. 2022 Employee Stock Plan “2022 Plan”), provides for broad-based equity grants to employees including executive officers permits granting restricted stock units (“RSUs”), stock grants performance-based awards stock options stock appreciation rights. RSUs granted 2022 Plan vest over four years based on", "granted 2022 Plan vest over four years based on continued employment settled upon vesting in shares Company’s common stock one-for-one basis. RSUs granted under 2022 Plan reduce number shares available for grant plan by factor of two times number RSUs granted. RSUs canceled shares withheld to satisfy tax withholding obligations increase number shares available for grant 2022 Plan factor two times RSUs canceled or shares withheld. All RSUs granted Plan have dividend equivalent rights (“DERs”), entitle", "have dividend equivalent rights (“DERs”), entitle holders RSUs to same dividend value per share as holders common stock. DERs subject to same vesting other terms conditions as underlying RSUs. maximum of approximately 1. 3 billion shares authorized for issuance 2022 Plan awards at plan approved on March 4, 2022. 2014 Employee Stock Plan Apple Inc. 2014 Employee Stock Plan “2014 Plan”) is shareholder-approved plan provided for broad-based equity grants to employees including executive officers.2014 Plan", "employees including executive officers.2014 Plan permitted same types equity awards with same terms as 2022 Plan. 2014 Plan also permitted cash bonus awards. In third quarter of 2022 Company terminated authority to grant new awards under 2014 Plan. Apple Inc. | 2022 Form 10-K | 46 Apple Inc. Non-Employee Director Stock Plan Apple Inc. Non-Employee Director Stock Plan (the “Director Plan”) is shareholder-approved plan permits Company to grant awards of RSUs or stock options to non-employee directors,", "RSUs or stock options to non-employee directors, provides for automatic initial grants of RSUs upon non-employee director joining Board of Directors and automatic annual grants of RSUs at each annual meeting of shareholders, permits Board of Directors to prospectively change value and relative mixture of stock options and RSUs for initial and annual award grants and methodology for determining number of shares of Company’s common stock subject to these grants, within limits in Director Plan without further", "within limits in Director Plan without further shareholder approval. RSUs granted under Director Plan reduce number of shares available for grant under plan by factor of two times number of RSUs granted. Director Plan expires on November 12, 2027. All RSUs granted under Director Plan are entitled to DERs, subject to same vesting and other terms and conditions as underlying RSUs. maximum of approximately 45 million shares (split-adjusted) were authorized for issuance pursuant to Director Plan awards at time", "issuance pursuant to Director Plan awards at time plan last amended on November 9, 2021.Employee Stock Purchase Plan is shareholder-approved plan all employees may voluntarily enroll to purchase Company’s common stock through payroll deductions at price equal to 85% of lower fair market values of stock of six-month offering periods. employee’s payroll deductions limited to 10% of employee’s eligible compensation not purchase more than $25,000 of stock during any calendar year. maximum of approximately 230", "any calendar year. maximum of approximately 230 million shares (split-adjusted) authorized for issuance Plan last amended and restated on March 10, 2015. 401(k) Plan Company’s 401(k) Plan is tax-qualified deferred compensation arrangement under Section 401(k) of Internal Revenue Code. participating U. S. employees may contribute portion of eligible earnings subject to U. S. Internal Revenue Service and plan limits. Company matches 50% to 100% of employee’s contributions depending on length of service, up", "contributions depending on length of service, up to maximum of 6% of employee’s eligible earnings. Restricted Stock Units summary of Company’s RSU activity information for 2022, 2021 2020 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", "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 September 24, 2022 201,501 $ 109. 48 $ 30,312 fair value vesting dates RSUs was $18. 2 billion, $19. 0 billion $10. 8 billion for 2022, 2021 2020. majority RSUs vested in 2022, 2021 2020 were net"]}
{"_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", "Interest 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", "gross values Company’s derivative assets liabilities as of September 24, 2022 (in millions):\n 2022\n Fair Value\n Derivatives Designated\n Accounting HedgesFair Value\n Derivatives Not Designated\n Accounting HedgesTotal\n Fair Value\n Derivative assets (1):\n Foreign exchange contracts $ 4,317 $ 2,819 $ 7,136\n Derivative liabilities (2):\n Foreign exchange contracts $ 2,205 $ 2,547 $ 4,752\n Interest rate contracts $ 1,367 $ — $ 1,367", "Interest rate contracts $ 1,367 $ — $ 1,367\n (1) Derivative assets measured Level 2 fair value inputs included in other current assets non-\n current assets Consolidated Balance Sheets.\n (2) Derivative liabilities measured Level 2 fair value inputs included current liabilities"]}
{"_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", "through 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", "relies 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,", "reputation, results of operations and financial condition.\nApple Inc. | 2022  Form 10-K | 11", "unauthorized access to releases of confidential information including personal information, could subject\n Company to significant reputational, financial legal operational consequences.\n Company’s business requires to use store confidential information, including personal information, with respect to\n Company’s customers employees. Company devotes resources to network data security, including\n through use encryption other security measures to protect systems data. these measures cannot", "provide absolute security, losses or unauthorized access to releases of confidential information occur could materially\n adversely affect Company’s business, reputation results of operations financial condition.\n Company’s business requires to share confidential information with suppliers third parties. Company\n relies on global suppliers exposed to ransomware other malicious attacks can disrupt business operations.", "Company takes steps to secure confidential information provided to accessible by third parties working on\n Company’s behalf, such measures not always effective losses or unauthorized access to or releases of confidential\n information occur. Such incidents other malicious attacks could materially adversely affect Company’s business,\n reputation results of operations financial condition.\n Apple Inc. | 2022 Form 10-K| 11"]}
{"_id": "d4aa06274", "title": "", "text": ["the 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.", "Actual 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", "model Company estimates with 95% confidence maximum one-day loss fair value of $1. 0 billion as of\n September 24, 2022 , compared to maximum one-day loss fair value $550 million as of September 25, 2021.\n Company uses foreign currency instruments for hedging losses fair value incurred instruments\n generally offset by increases fair value of underlying exposures.\n Actual future gains losses Company’s investment portfolio, debt derivative positions may differ", "materially from sensitivity analyses performed as of September 24, 2022 due to inherent limitations with\n predicting timing amount of changes in interest rates, foreign currency exchange rates Company’s actual\n exposures positions.\n Apple Inc. | 2022 Form 10-K | 27"]}
{"_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  ☒", "Yes  ☐     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", "Indicate check mark Registrant filed report on attestation to management’s assessment effectiveness\n internal control over financial reporting under Section 404(b) Sarbanes-Oxley Act (15 U. S. C. 7262(b)) by registered public accounting\n firm prepared or issued audit report. ☒\n Indicate check mark Registrant is shell company (as defined in Rule 12b-2 of Act).\n Yes ☐ No ☒\n aggregate market value of voting and non-voting stock held by non-affiliates Registrant, as of March 25, 2022 , last business", "day of Registrant’s recently completed second fiscal quarter, was 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", "Company’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", "generally transferred when the Company has a present right to payment and title and the significant risks and rewards of", "additional week\n included in first fiscal quarter every five or six years to realign Company’s fiscal quarters with calendar quarters ,\n occur in first quarter of Company’s fiscal year ending September 30, 2023. Company’s fiscal years 2022, 2021\n 2020 spanned 52 weeks each. Unless otherwise stated references to particular years, quarters, months periods refer to\n Company’s fiscal years ended in September associated quarters months periods of fiscal years.\n Revenue Recognition", "Revenue Recognition\n Net sales consist of revenue from sale of iPhone, Mac, iPad, Services other products. Company recognizes revenue\n at amount expects to entitled when control of products or services transferred to customers. Control\n generally transferred when Company has present right to payment title significant risks rewards of"]}
{"_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", "Japan:\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", "Note 11 Segment Information Geographic Data\n table shows reportable segment 2022 2021 2020\n Americas\n Net sales $ 169,658 153,306 $ 124,556\n Operating income 62,683 $ 53,382 $ 37,722\n Europe\n Net sales 95,118 $ 89,307 $ 68,640\n Operating income 35,233 $ 32,505 $ 22,170\n Greater China\n Net sales 74,200 $ 68,366 $ 40,308\n Operating income 31,153 $ 28,504 $ 15,261\n Japan\n Net sales 25,977 $ 28,482 $ 21,418\n Operating income $ 12,257 $ 12,798 $ 9,279\n Asia Pacific\n Net sales $ 29,375 $ 26"]}
{"_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", "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", "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", "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", "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", "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", "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", "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", "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", "$ 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", "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", "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", "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", "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", "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,", "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", "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", "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 32,485 28,636 Total other non-current liabilities $", "127,877 Total $ 189,961 $ 1,753 $ (1,198) $ 190,516 $ 34,940 $ 27,699 $ 127,877 (1) Level 1 fair value estimates based on quoted prices in active markets for identical assets liabilities. (2) Level 2 fair value estimates based on observable inputs other than quoted prices active markets, quoted prices similar assets in inactive markets or other inputs observable or corroborated by observable market data for full term assets liabilities. (3) As of September 24, 2022 and September 25, 2021 total marketable", "24, 2022 and September 25, 2021 total marketable securities included $12. 7 billion and $17. 9 billion restricted from general use related to State Aid Decision (refer Note 5, “Income Taxes”) other agreements. (1) (2) (3) Apple Inc. | 2022 Form 10-K | 38 table shows fair value of 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", "10 years 16,429 Due after 10 years 17,345 Total fair value $ 120,805 Derivative Instruments and Hedging Company may use derivative instruments to partially offset business exposure to foreign exchange interest rate risk. may choose not to hedge certain exposures for reasons including accounting considerations or prohibitive economic cost hedging. no assurance hedges will offset portion financial impact from movements in foreign exchange or interest rates. Foreign Exchange Risk To protect gross margins from", "Exchange Risk To protect gross margins from fluctuations foreign currency exchange rates Company may enter into forward contracts option contracts other instruments designate instruments as cash flow hedges. Company generally hedges portions of forecasted foreign currency exposure associated with revenue inventory purchases for up to 12 months.protect Company’s foreign currency–denominated term debt marketable securities from fluctuations exchange rates, Company may enter into forward contracts", "rates, Company may enter into forward contracts cross-currency swaps other instruments. Company designates these instruments as cash flow or fair value hedges. As of September 24, 2022 maximum time Company hedging exposure to variability future cash flows for term debt–related foreign currency transactions is 20 years. Company may enter derivative instruments not as accounting hedges to protect gross margins from fluctuations foreign currency exchange rates offset foreign currency exchange gains and losses", "offset foreign currency exchange gains and losses by remeasurement of assets liabilities denominated in non-functional currencies. Interest Rate Risk To protect Company’s term debt marketable securities from fluctuations interest rates Company may enter into interest rate swaps options other instruments. Company designates these instruments as cash flow or fair value hedges. notional amounts of Company’s outstanding derivative instruments as of September 24, 2022 and September 25, 2021 were (in millions):", "2022 and September 25, 2021 were (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 gross fair values of Company’s derivative assets and liabilities as of September 24, 2022 were (in millions): 2022 Fair Value of Derivatives Designated as Accounting", "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 measured using Level 2 fair value inputs included in other current assets non-current assets in Consolidated Balance Sheets. (2) Derivative liabilities measured using", "Sheets. (2) Derivative liabilities measured using Level 2 fair value inputs included in other current liabilities non-current liabilities in Consolidated Balance Sheets. derivative assets represent Company’s gross credit exposure if all counterparties failed to perform. To mitigate credit risk Company enters into collateral security arrangements for collateral received or posted when net fair values of derivatives fluctuate from contractually established thresholds. To limit credit risk Company enters", "thresholds. To limit credit risk Company enters master netting arrangements with counterparties to derivative contracts settle transactions with single net amount payable by one party to other. As of September 24, 2022 potential effects of rights of set-off derivative contracts including effects collateral, reduction to derivative assets and derivative liabilities of $7. 8 billion in net derivative asset of $412 million.carrying amounts of Company’s hedged items in fair value hedges as of September 24,", "items in fair value hedges as of September 24, 2022 and September 25, 2021 were (in millions): 2022 2021 Hedged assets(liabilities): Current and non-current marketable securities $ 13,378 $ 15,954 Current-current term debt $ (18,739) $ (17,857) Accounts Receivable Trade Receivables Company has trade receivables outstanding with third-party cellular network carriers, wholesalers retailers resellers small mid-sized businesses education, enterprise government customers. Company require collateral from", "customers. Company require collateral from customers; will require collateral or third-party credit support in certain instances to limit credit risk. Company attempts to limit credit risk trade receivables with credit insurance for customers or by requiring third-party financing, loans leases to support credit exposure. credit- financing arrangements are directly between third-party financing company and end customer. Company does not assume recourse or credit risk sharing related to arrangements. As of", "risk sharing related to arrangements. As of September 24, 2022, Company had one customer represented 10% or more of total trade receivables, accounted for 10%. Company’s cellular network carriers accounted for 44% and 42% of total trade receivables as of September 24, 2022 and September 25, 2021,. Vendor Non-Trade Receivables Company has non-trade receivables from manufacturing vendors resulting from sale of components to vendors final products. Company purchases components directly from suppliers. As of", "components directly from suppliers. As of September 24, 2022, Company had two vendors represented 10% or more of total vendor non-trade receivables, accounted for 54% and 13%. As of September 25, 2021, Company had three vendors represented 10% or more of total vendor non-trade receivables, accounted for 52%, 11% and 11%. (1) (2) Apple Inc.2022 Form 10-K 40 Note 4 Consolidated Financial Statement Details tables show consolidated financial statement details September 24 2022 September 25, 2021 millions):", "September 24 2022 September 25, 2021 millions): Property Plant Equipment Net 2022 2021 Land buildings $ 22,126 $ 20,041 Machinery equipment software 81,060 78,659 Leasehold improvements 11,271 11,023 Gross property plant equipment 114,457 109,723 Accumulated depreciation amortization (72,340) (70,283) Total property plant equipment net $ 42,117 $ 39,440 Non-Current Liabilities 2022 2021 Long-term taxes $ 16,657 $ 24,689 Other non liabilities 32,485 28,636 Total liabilities"]}
{"_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", "24, 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", "4. 10 Officer’s Certificate of Registrant February 23, 2016, including\n forms global notes Floating Rate Notes due 2019,\n Rate Notes due 2021, 1. 300% Notes due 2018, 1. 700% due 2019,\n 2. 250% 2021, 2. 850% 2023, 3. 250% due 2026,\n 4. 500% due 2036 and 4. 650% Notes due 2046. 8-K 4. 1 2/23/16\n 4. 11 Supplement No. 1 to Officer’s Certificate of Registrant March\n 24, 2016. 8-K 4. 1 3/24/16\n 4. 12 Officer’s Certificate Registrant August 4, 2016, including forms", "global notes Floating Rate Notes due 2019, 1. 100"]}
{"_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", "the 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", "* $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", "2019September \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", "Company Stock Performance\n graph shows comparison cumulative total shareholder return dividend-reinvested basis\n Company S&P 500 Index S&P Information Technology Index Dow Jones U. S. Technology Supersector\n Index five years ended September 24, 2022. graph assumes $100 invested in Company’s common\n stock S&P 500 Index S&P Information Technology Index Dow Jones U. S. Technology Supersector Index\n market close September 29, 2017. Past stock price performance not indicative of future stock price", "performance.\n COMPARISON OF 5-YEAR CUMULATIVE TOTAL RETURN Apple Inc. S&P 500 Index S&P Information Technology Index Dow Jones U. S. Technology Supersector IndexApple Inc. S&P 500 IndexS&P Information Technology IndexDow Jones. Supersector Index9/29/179/29/189/28/199/26/209/25/219/24/22$0$100$200$300$400$500\n $100 invested September 29, 2017 stock or index including reinvestment dividends. Data points last day\n each fiscal year for Company’s common stock September 30th for indexes.", "Copyright© 2022 Standard & Poor’s division S&P Global. rights reserved.\n Copyright© 2022 S&P Dow Jones Indices LLC division S&P Global. rights reserved.\n September\n 2022\n Apple Inc. $ 100 $ 149 $ 146 $ 303 $ 400 $ 411\n S&P 500 Index $ 100 $ 118 $ 123 $ 142 $ 184 $ 156\n S&P Information Technology Index $ 100 $ 131 $ 143 $ 210 $ 271 $ 217\n Dow Jones U. S. Technology Supersector Index $ 100 $ 131 $ 139 $ 208 $ 283 $ 209\n Item 6. [Reserved]\n Apple Inc. 2022 Form 10-K 19"]}
{"_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", "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", "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", "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", "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", "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", "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.", "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", "$ 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", "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)", "— 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", "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", ". Operating income for each segment excludes other income expense expenses managed outside reportable segments. Costs excluded include corporate expenses research and development (“R&D”), corporate marketing expenses share-based compensation expenses income taxes nonrecurring charges separately managed general administrative costs. Company include intercompany transfers between segments for management reporting. Note 2 – Revenue Net sales disaggregated by products services for 2022, 2021 2020 were (in", "by products services for 2022, 2021 2020 were (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 deferred value of unspecified software upgrade rights bundled in sales price product. (2) Wearables, Home and Accessories sales include sales AirPods Apple TV Apple Watch", "sales include sales AirPods Apple TV Apple Watch Beats products HomePod mini accessories. Services net sales include sales from advertising AppleCare cloud digital content payment other services. Services net sales include amortization of deferred value of services bundled in sales price certain products. (4) Includes $7. 5 billion revenue recognized in 2022 included in deferred revenue as of September 25, 2021, $6. 7 billion revenue in 2021 in deferred revenue as of September 26, 2020 $5. 0 billion", "revenue as of September 26, 2020 $5. 0 billion revenue 2020 included in deferred revenue as of September 28, 2019. Company’s proportion of net sales by disaggregated revenue source consistent for each reportable segment in Note 11 for 2022, 2021 2020 except in Greater China, where iPhone revenue represented higher proportion of net sales in 2022 2021. As of September 24, 2022 September 25, 2021 Company had total deferred revenue of $12. 4 billion and $11.9 billion. September 24, 2022 Company expects 64%", "billion. September 24, 2022 Company expects 64% total deferred revenue realized less than year 27% one-to-two years 7% two-to-three years 2% greater than three years. (1) (3) (4) Apple Inc. | 2022 Form 10-K | 37 Note 3 – Financial Instruments Cash Cash Equivalents Marketable Securities tables show Company’s cash cash equivalents marketable securities by significant investment category September 24, 2022 September 25, 2021 (in millions): 2022 Adjusted Cost Unrealized Gains Unrealized Losses Fair Value Cash", "Gains Unrealized Losses Fair Value Cash Cash Equivalents Current Marketable Securities Non-Current Marketable Securities Cash $ 18,546 $ — Level 1 : Money market funds 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 deposit time deposits 2,067 1,805", "Certificates deposit time deposits 2,067 1,805 262 Commercial paper 718 28 690 Corporate debt securities 87,148 9 (7,707) 79,450 — 9,023 70,427 Municipal securities 921 — (35) — 266 620 Mortgage-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 Losses Value Cash Equivalents Current Marketable Securities Non-Current Marketable Securities Cash $", "Non-Current Marketable Securities Cash $ 17,305 $ Level 1 Money market funds 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. agency securities 8,949 2 (64) 8,887 1,775 1,930 5,182 Non-U.government securities 20,201 211 (101) 20,311 390 3,091 16,830 Certificates of deposit time deposits 1,300 — — 1,300 490 810 — Commercial paper 2,639 — — 2,639 1,776 863 —", "— 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- 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 Level 1 fair value estimates based quoted prices active markets identical assets liabilities. (2) Level 2 estimates based observable inputs other", "Level 2 estimates based observable inputs other than quoted prices quoted prices identical similar assets inactive markets other inputs observable corroborated by observable market data full term assets"]}
{"_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.", "In 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", "cancelable obligations related to internet services content creation. As of\n September 24, 2022  Company had other purchase obligations of $17. 8 billion $6. 8 billion payable within 12 months.\n Deemed Repatriation Tax Payable\n As of September 24, 2022 balance of deemed repatriation tax payable by U. S. Tax Cuts and Jobs Act of\n 2017 “Act”) was $22. 0 billion  $5. 3 billion expected paid within 12 months.", "addition contractual cash requirements Company has capital return program authorized by Board of Directors.\n Program obligate Company to acquire minimum shares. As of September 24, 2022\n Company’s quarterly cash dividend was $0. 23 per share. Company intends to increase dividend annual"]}
{"_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,", "prices 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", "Item 9B. Other Information\n Rule 10b5-1 Trading Plans\n During three months ended September 24, 2022, Katherine L. Adams, Timothy D. Cook, Luca Maestri, Deirdre O’Brien\n Jeffrey Williams, each officer for Section 16 Exchange Act, had equity trading plans in place accordance\n with Rule 10b5-1(c)(1) under Exchange Act. equity trading plan is written document preestablishes amounts\n prices dates (or formula) of future purchases sales of Company’s stock,", "including sales of shares acquired under Company’s employee director equity plans.\n Item 9C. Disclosure Regarding Foreign Jurisdictions Prevent Inspections\n Not applicable.\n PART III\n Item 10. Directors, Executive Officers Corporate Governance\n information"]}
{"_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", "and 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", "economic conditions can have a significant impact on the Company’s suppliers", ". result, Company’s operations performance depend\n significantly on global regional economic conditions.\n Adverse macroeconomic conditions, including inflation slower growth recession new increased tariffs barriers to\n trade changes to fiscal monetary policy tighter credit higher interest rates high unemployment currency fluctuations\n can adversely impact consumer confidence spending materially adversely affect demand for Company’s products", "services. In consumer confidence spending can be materially adversely affected in response to financial\n market volatility negative financial news conditions in real estate mortgage markets declines in income or asset values\n energy shortages cost increases labor healthcare costs other economic factors.\n In to adverse impact on demand for Company’s products, uncertainty about, or decline in, global regional\n economic conditions can significant impact on Company’s 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", "Item 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", "Apple Inc.\n Form 10-K\n Fiscal Year Ended September 24 2022\n TABLE CONTENTS\n Page\n Part I\n Item 1. Business 1\n 1A. Risk Factors 5\n 1B. Unresolved Staff Comments 17\n 2. Properties 17\n 3. Legal Proceedings 17\n 4. Mine Safety Disclosures 17\n Part II\n Item 5. Market Registrant’s Common Equity Related Stockholder Matters Issuer Purchases Equity\n Securities18\n Item 6. [Reserved] 19\n 7. Management’s Discussion Analysis Financial Condition Results Operations 20", "7A. Quantitative Qualitative Disclosures Market Risk 26\n 8. Financial Statements Supplementary Data 28\n 9. Changes Disagreements Accountants Accounting Financial Disclosure 53\n 9A. Controls Procedures 53\n 9B. Other Information"]}
{"_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.", "operations 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", "education, enterprise and government customers", "s culture, reputation operational flexibility.\n The Company believes its distinctive inclusive culture is significant driver of its success. If C ompany is unable to\n nurture its culture, it could adversely affect Company’s ability to recruit and retain highly skilled employees\n critical to its success, could adversely affect Company’s business, reputation results of\n operations financial condition.\n Company depends on performance of carriers, wholesalers retailers other resellers.", "Company distributes its products and services through cellular network carriers, wholesalers retailers\n resellers, many distribute products and services from competitors. Company also sells its products and services\n and resells third-party products in most major markets directly to consumers small mid-sized 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", "None.\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,", "s Board of Directors Company’s share repurchase program not obligate\n to acquire specific number of shares. If Company fails to meet expectations future growth profitability\n dividends share repurchases other market expectations, price Company’s stock may decline significantly\n could adverse impact on investor confidence employee retention.\n Item 1B. Unresolved Staff Comments\n None.\n Item 2. Properties", "None.\n Item 2. Properties\n Company’s headquarters located in Cupertino, California. As of September 24, 2022, Company owned or leased\n facilities land for corporate functions, R&D data centers retail other purposes at locations throughout U. S. and in\n various places outside U. S. Company believes its existing facilities equipment used by all reportable\n segments,"]}
{"_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", "sustained, 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", "experience 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", "Addressed\n Matter in AuditWe tested controls relating to evaluation of uncertain tax positions including controls\n over management’s assessment tax positions more likely than not to be\n sustained, management’s process to measure benefit of tax positions\n development of related disclosures.\n To evaluate Apple Inc. ’s assessment of tax positions more likely not to be\n sustained audit procedures included reading evaluating\n management’s assumptions analysis Apple Inc. ’s communications", "with taxing authorities detailed basis technical merits of uncertain tax\n positions. involved tax subject matter resources in assessing technical merits of\n certain Apple Inc. ’s tax positions based on knowledge of relevant tax laws\n experience with related taxing authorities. For certain tax positions received\n external legal counsel confirmation letters discussed matters with external advisors\n Apple Inc. tax personnel. evaluated Apple Inc. ’s disclosure in relation to", "these matters included in Note 5 to financial statements.\n /s/ Ernst & Young LLP\n served as Apple Inc. ’s auditor since 2009.\n San Jose, California\n October 27, 2022\n Apple Inc. | 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", "Total deferred tax liabilities  5,557  7,253 \nNet deferred tax assets $ 14,537 $", "liabilities 2,400 2,406\n Deferred revenue 5,742 5,399\n Unrealized losses 2,913 53\n Tax credit carryforwards 4,262\n 1,596 1,639\n deferred tax assets 27,624 25,229\n Valuation allowance (7,530) (4,903)\n assets net 20,094 20,326\n Minimum tax foreign earnings 1,983 4,318\n Right-of-use assets 2,163 2,167\n Unrealized gains 942 203\n 469 565\n deferred tax liabilities 5,557 7,253\n Net assets 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;", "3.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", "Exhibit 31. 2\n CERTIFICATION\n I, Luca Maestri, certify:\n 1. I reviewed this annual report on Form 10-K of Apple Inc. ;\n 2. Based knowledge, this report not contain untrue statement of material fact or omit to state material fact\n necessary to make statements made, in circumstances statements made, not\n misleading with respect to period covered by this report;\n 3. Based knowledge, financial statements, other financial information included in this report, present in all", "material respects financial condition, results of operations cash flows of Registrant of for periods\n presented in report;\n 4. Registrant’s other certifying officer(s) and I responsible for establishing maintaining disclosure controls and\n procedures (as defined in 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:", "Non-current assets:\nMarketable securities  120,805  127,877 \nProperty, plant and equipment, net  42,117  39,440 \nOther non-current assets  54,428", "Apple Inc.\n CONSOLIDATED BALANCE\n millions except thousands value\n September 24,\n 2022September 25,\n 2021\n Current assets\n Cash equivalents $ 23,646 $ 34,940\n Marketable securities 24,658 27,699\n Accounts receivable net 28,184 26,278\n Inventories 6,580\n Vendor non-trade receivables 32,748 25,228\n Other current assets 21,223 14,111\n Total assets 135,405 134,836\n Non-current assets\n Marketable securities 120,805 127,877\n Property plant equipment net 42,117 39,440\n Other non assets 54,428"]}
{"_id": "d4aa10922", "title": "", "text": ["2031 Notes).\n7\n\n2031 Notes."]}
{"_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", "customized 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", "and financial performance could also", "Company’s new products often utilize custom components available from only one source. When component or product\n uses new technologies, initial capacity constraints may exist until suppliers’ yields matured or manufacturing\n capacities increased. continued availability of these components at acceptable prices, or, can be affected for\n reasons, including if suppliers concentrate on production of common components instead of components", "customized to meet Company’s requirements. When Company’s supply of components for new or existing product\n delayed or constrained, or outsourcing partner delayed shipments of completed products Company,\n Company’s business, results of operations and financial condition adversely affected and future delays or constraints\n could adversely affect Company’s business, results operations financial condition. Company’s business\n and financial performance could also"]}
{"_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", "Commercial 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", "Note 7 – Debt\n Commercial Paper Repurchase Agreements\n Company issues unsecured short-term promissory notes (“Commercial Paper”) commercial paper program.\n Company uses net proceeds from commercial paper program for general corporate purposes including dividends\n share repurchases. As of September 24, 2022 September 25, 2021 , Company had $10. 0 billion $6. 0 billion of\n Commercial Paper outstanding maturities less than nine months. weighted-average interest rate", "Commercial Paper was 2. 31% and 0. 06% as of September 24, 2022 September 25, 2021.\n table provides summary of cash flows with issuance maturities of Commercial Paper for\n 2022 , 2021 2020 (in millions"]}
{"_id": "d4aa0822c", "title": "", "text": ["Total 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", "Total lease liabilities 12,411 $ 11,803\n maturities September 24, 2022\n Operating\n LeasesFinance\n Leases\n 2023 $ 1,758 155 $ 1,913\n 2024 1,742 130 1,872\n 2025 1,677 81 1,758\n 2026 1,382 48 1,430\n 2027 1,143 34 1,177\n 5,080 906 5,986\n undiscounted liabilities 12,782 1,354 14,136\n Imputed interest (1,312) (413) (1,725)\n lease liabilities 11,470 $ 941 $ 12,411\n weighted-average"]}
{"_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", "life 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", "regulatory 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.", "operations 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", "decline 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", "example\n gross margins on Company’s products and services vary significantly can change over time. Company’s gross\n margins subject to volatility downward pressure due to factors, including: continued industry-wide global\n product pricing pressures and product pricing actions Company in response to; increased\n competition; Company’s ability to stimulate demand for certain products services; compressed product", "life cycles; supply shortages; potential increases in cost of components, outside manufacturing services, developing,\n acquiring delivering content for Company’s services; Company’s ability to manage product quality and warranty costs\n effectively; shifts in mix of products and services, in geographic, currency or channel mix, including\n regulatory changes require Company to modify product service offerings; fluctuations in foreign exchange rates;", "inflation other macroeconomic pressures; introduction of new products or services, including new products\n services with higher cost structures. These other factors could have adverse impact on Company’s results of\n operations and financial condition.\n Company historically experienced higher net sales in first quarter compared to other quarters in fiscal year due in\n to seasonal holiday demand. new product and service introductions can impact net sales, cost of", "sales operating expenses. Company generates significant portion of net sales from a single product\n decline in demand for that product could impact quarterly net sales. Company could be subject to\n unexpected developments, lower-than-anticipated demand for products or services, issues with new\n product or service introductions, information technology system failures or network disruptions, failure of\n Company’s logistics, components supply, or 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", "and 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", "disposition of the company’", "A company’s internal control over financial reporting is process designed to reasonable assurance regarding\n reliability of financial reporting preparation of financial statements for external purposes in accordance with U. S.\n generally accepted accounting principles. company’s internal control over financial reporting includes policies\n procedures (1) pertain to maintenance of records accurately reflect transactions", "dispositions of assets company; (2) provide assurance that transactions are recorded as necessary to\n permit preparation of financial statements in accordance with U. S. accepted accounting principles, receipts\n expenditures of company made only in accordance with authorizations of management and directors of\n company; (3) provide reasonable assurance regarding prevention or detection of unauthorized acquisition, use, or\n disposition of company’"]}
{"_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", "RSUs. 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", "in Director Plan without further\n shareholder approval. RSUs granted under Director Plan reduce number of shares available for grant plan by\n factor of two times number of RSUs granted. Director Plan expires November 12, 2027. All RSUs granted under\n Director Plan entitled to DERs subject to same vesting and other terms and conditions as underlying\n RSUs. maximum of approximately 45 million shares (split-adjusted) authorized for issuance pursuant Director Plan", "awards at time plan last amended November 9, 2021.\n Employee Stock Purchase Plan\n Employee Stock Purchase Plan (the “Purchase Plan”) is shareholder-approved plan all\n employees may voluntarily enroll to purchase Company’s common stock through payroll deductions at price equal to 85%\n of lower of fair"]}
{"_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", "million  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", "$18. 2 billion , $19. 0 billion $10. 8 billion for 2022 , 2021\n 2020 , respectively. majority of RSUs vested in 2022  2021 2020 were net share settled Company\n withheld shares value equivalent to employees’ obligation for applicable income employment taxes\n remitted cash to taxing authorities. total shares withheld were approximately 41 million , 53 million 56\n million for 2022  2021 2020  based on value of RSUs on vesting dates", "determined by Company’s closing stock price. Total payments to taxing authorities for employees’ tax obligations were $6. 4\n billion , $6. 8 billion $3. 9 billion in 2022 , 2021 2020 , respectively.\n Apple Inc. | 2022"]}
{"_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", "brokers 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", ", relation to any Comparable Government Bond Rate calculation\n for 2022 Notes, 2024 Notes 2026 Notes 2027 Notes, at discretion of independent\n investment bank selected by us, a German government bond whose maturity closest to maturity of Notes\n being redeemed, or if independent investment bank discretion determines similar bond not in\n issue, other German government bond as independent investment bank may, with advice of three", "brokers of/or market makers in German government bonds selected by us, determine appropriate for\n determining Comparable Government Bond Rate.\n “Comparable Government Bond” means, relation to Comparable Government Bond Rate calculation\n for 3. 050% 2029 Notes 2042 Notes, at discretion of independent investment bank selected by us,\n United Kingdom government bond whose 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", "three 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", "meeting shareholders or to nominate\n candidates for election as directors meeting shareholders must provide notice in writing\n timely manner specify requirements form and content of shareholder’s notice,\n including respect shareholder’s notice under Rule 14a-19 of Exchange Act;\n •provide shareholder, or group of up to 20 shareholders, owned continuously for at least\n three years shares of Common Stock representing aggregate of at least 3% of Company’s", "outstanding shares Common Stock, may nominate include in Company’s proxy materials\n director nominees constituting up to 20% of Company’s Board of Directors provided\n shareholder(s) and nominee(s) satisfy requirements in Bylaws;\n •do not provide for cumulative voting rights for election of directors;"]}
{"_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.", "The 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", "Uncertain Tax Positions\n As of September 24, 2022  total gross unrecognized tax benefits $16. 8 billion  $8. 0 billion  if\n recognized impact Company’s effective tax rate. As of September 25, 2021  total gross unrecognized\n tax benefits was $15. 5 billion  $6. 6 billion  if recognized would impacted Company’s effective tax rate.\n aggregate change in balance of gross unrecognized tax benefits excludes interest penalties for 2022 , 2021\n 2020 , (in millions):\n 2022 2021 2020", "2020 , (in millions):\n 2022 2021 2020\n Beginning balances $ 15,477 $ 16,475 $ 15,619\n Increases related to tax positions prior year 2,284 816 454\n Decreases related to tax positions taken prior year (1"]}
{"_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", "developed 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", "personal computers and tablets, and PlayStation, Nintendo and Xbox for gaming", "Company’s future performance depends on support from third-party software developers.\n Company believes decisions by customers to purchase hardware products depend on availability of third-party\n software applications and services. no assurance third-party developers will continue to develop maintain\n software applications and services for Company’s products. If third-party software applications and services cease to be", "developed maintained for Company’s products, customers may choose not to buy Company’s products.\n Company believes availability of third-party software applications and services for products depends on\n developers’ perception and analysis of benefits of developing, maintaining upgrading such software services\n for Company’s products compared to competitors’ platforms, Android for smartphones tablets, Windows for\n personal computers tablets PlayStation, Nintendo Xbox for gaming"]}
{"_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):", "Level 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  —", "Commercial 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", "ValueCash and\nCash\nEquivalentsCurrent\nMarketable\nSecuritiesNon-Current\nMarketable\nSecurities\nCash $ 17,305 $ — $ — $ 17,305 $ 17", "Note 3 Financial Instruments\n Cash Equivalents Marketable Securities\n tables show Company’s cash equivalents marketable securities by investment category\n September 24, 2022 September 25, 2021 millions):\n 2022\n Adjusted\n CostUnrealized\n GainsUnrealized\n LossesFair\n ValueCash\n EquivalentsCurrent\n Marketable\n SecuritiesNon-Current\n Marketable\n Securities\n Cash $ 18,546 $\n Level 1 (1)\n Money market funds 2,929 — 2\n Mutual funds 274 — (47) 227 — 227\n Subtotal 3,203 — (47) 3,156 2,929 227\n Level 2 (2)", "Level 2 (2)\n U. Treasury securities 25,134 — (1,725) 23,409 338 5,091 17,980\n. agency securities — (655) 5,168 — 240 4,928\n Non-U. government securities 16,948 2 (1,201) 15,749 — 8,806\n Certificates of deposit time deposits 2,067 — 2,067 1,805 262 —\n Commercial paper 718 — 28 690\n Corporate debt securities 87,148 9 (7,707) 79,450 — 9,023 70,427\n Municipal securities 921 — (35) 886 — 266 620\n Mortgage--backed securities 22,553 — (2,593) 19,960 — 53 19,907", "Subtotal 161,312 11 (13,916) 147,407 2,171 24,431 120,805\n Total (3)$ 183,061 $ $ (13,963) 169,109 $ 23,646 $ 24,658 $ 120,805\n 2021\n Adjusted\n CostUnrealized\n GainsUnrealized\n LossesFair\n ValueCash\n EquivalentsCurrent\n Marketable\n SecuritiesNon-Current\n Marketable\n Securities\n Cash $ 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", "stimulate 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", "purchase 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", "Business Risks\n To remain competitive stimulate customer demand, Company must manage frequent introductions\n transitions of products and services.\n Due to volatile competitive nature of markets and industries in Company competes, Company\n must continually introduce new products, services technologies, enhance existing products services,\n stimulate customer demand for new upgraded products services manage transition to these new", "upgraded products services. success of new product and service introductions depends on factors,\n including timely successful development, market acceptance, Company’s ability to manage risks associated with\n production ramp-up issues, availability of application software for Company’s products effective management of\n purchase commitments and inventory levels in line with anticipated product demand, availability of products in appropriate\n quantities and at expected costs to meet anticipated demand,"]}
{"_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.", "is 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", "Additional Amounts\n terms of Notes state all payments of principal and interest in respect Notes will be made\n free clear of without deduction or withholding for or on account of any present or future taxes, duties,\n assessments or other governmental charges required to be deducted or withheld by United\n States or any political subdivision or taxing authority of or in United States, unless such withholding or deduction\n required by law.\n Notes contain a covenant similar to following:", "Notes contain a covenant similar to following:\n Company will, subject to exceptions and limitations below, pay as additional interest on\n Notes such additional amounts (“Additional Amounts”) as necessary in order net payment by\n Company or paying agent of Company for applicable Notes (“Paying Agent”) of principal of and\n interest on Notes to a 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", "talent, 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", "no assurance the Company will be able to develop or license such solutions at a reasonable cost and", "for Company to license or distribute their content. Other content owners providers distributors may\n seek to limit Company’s access to or increase cost of content. Company may be unable to continue offer\n wide variety of content at commercially reasonable prices with acceptable usage rules.\n Company produces its own digital content can be costly to produce due to intense increasing competition for\n talent content subscribers may fail to appeal to Company’s customers. COVID-19 pandemic caused", "additional restrictions on production increased costs for digital content.\n Some third-party digital content providers require Company to provide digital rights management security solutions.\n If requirements change Company may have to develop or license new technology provide solutions.\n no assurance Company will able to develop or license such solutions at reasonable cost"]}