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0000320193
20221028
10-K
800
The Company’s unconditional purchase obligations primarily consist of payments for supplier arrangements, internet services and content creation.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
801
Future payments under noncancelable unconditional purchase obligations with a remaining term in excess of one year as of September 24, 2022, are as follows (in millions): Contingencies The Company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and that have not be...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
802
The outcome of litigation is inherently uncertain.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
803
In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss, or a material loss greater than a recorded accrual, concerning loss contingencies for asserted legal and other claims.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
804
Apple Inc. | 2022 Form 10-K | 48 Note 11 - Segment Information and Geographic Data The following table shows information by reportable segment for 2022, 2021 and 2020 (in millions): A reconciliation of the Company’s segment operating income to the Consolidated Statements of Operations for 2022, 2021 and 2020 is as foll...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
805
Net sales for 2022, 2021 and 2020 and long-lived assets as of September 24, 2022 and September 25, 2021 were as follows (in millions): (1)China includes Hong Kong and Taiwan.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
806
Long-lived assets located in China consist primarily of assets related to product manufacturing, retail stores and related infrastructure.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
807
Apple Inc. | 2022 Form 10-K | 49 Report of Independent Registered Public Accounting Firm To the Shareholders and the Board of Directors of Apple Inc. Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Apple Inc. as of September 24, 2022 and September 25, 2021, the relate...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
808
In our opinion, the financial 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...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
809
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (the “PCAOB”), Apple Inc.’s internal control over financial reporting as of September 24, 2022, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Spon...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
810
Basis for Opinion These financial statements are the responsibility of Apple Inc.’s management.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
811
Our responsibility is to express an opinion on Apple Inc.’s financial statements based on our audits.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
812
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
813
We conducted our audits in accordance with the standards of the PCAOB.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
814
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
815
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
816
Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
817
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
818
We believe that our audits provide a reasonable basis for our opinion.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
819
Critical Audit Matter The critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the financial statements and ...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
820
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
821
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
822
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
823
In accounting for uncertain tax positions, Apple Inc. uses significant judgment in the interpretation and application of complex domestic and international tax laws.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
824
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
825
Apple Inc. | 2022 Form 10-K | 50 How We Addressed the Matter in Our Audit We tested controls relating to the evaluation of uncertain tax positions, including controls over management’s assessment as to whether tax positions are more likely than not to be sustained, management’s process to measure the benefit of its tax...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
826
To evaluate Apple Inc.’s assessment of which tax positions are more likely than not to be sustained, our audit procedures included, among others, reading and evaluating management’s assumptions and analysis, and, as applicable, Apple Inc.’s communications with taxing authorities, that detailed the basis and technical m...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
827
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
828
For certain tax positions, we also received external legal counsel confirmation letters and discussed the matters with external advisors and Apple Inc. tax personnel.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
829
In addition, we evaluated Apple Inc.’s disclosure in relation to these matters included in Note 5 to the financial statements.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
830
/s/ Ernst & Young LLP We have served as Apple Inc.’s auditor since 2009.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
831
San Jose, California October 27, 2022 Apple Inc. | 2022 Form 10-K | 51 Report of Independent Registered Public Accounting Firm To the Shareholders and the Board of Directors of Apple Inc. Opinion on Internal Control Over Financial Reporting We have audited Apple Inc.’s internal control over financial reporting as of Se...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
832
In our opinion, Apple Inc. maintained, in all material respects, effective internal control over financial reporting as of September 24, 2022, based on the COSO criteria.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
833
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’ equ...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
834
Basis for Opinion Apple Inc.’s management is responsible for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Annual Report on Internal Control over Financial Reporting.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
835
Our responsibility is to express an opinion on Apple Inc.’s internal control over financial reporting based on our audit.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
836
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
837
We conducted our audit in accordance with the standards of the PCAOB.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
838
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
839
Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
840
We believe that our audit provides a reasonable basis for our opinion.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
841
Definition and Limitations of Internal Control Over Financial Reporting A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. g...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
842
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 rec...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
843
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
844
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
845
/s/ Ernst & Young LLP San Jose, California October 27, 2022 Apple Inc. | 2022 Form 10-K | 52 Item 9.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
846
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
847
Item 9A.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
848
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 ...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
849
Inherent Limitations over Internal Controls The Company’s internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting princip...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
850
The Company’s internal control over financial reporting includes those policies and procedures that: (i)pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the Company’s assets; (ii)provide reasonable assurance that transactions are record...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
851
Management, including the Company’s Chief Executive Officer and Chief Financial Officer, does not expect that the Company’s internal controls will prevent or detect all errors and all fraud.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
852
A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
853
Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
854
Because of the inherent limitations in all control systems, no evaluation of internal controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
855
Also, any evaluation of the effectiveness of controls in future periods are subject to the risk that those internal controls may become inadequate because of changes in business conditions, or that the degree of compliance with the policies or procedures may deteriorate.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
856
Management’s Annual Report on Internal Control over Financial Reporting The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act).
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
857
Management conducted an assessment of the effectiveness of the Company’s internal control over financial reporting based on the criteria set forth in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework).
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
858
Based on the Company’s assessment, management has concluded that its internal control over financial reporting was effective as of September 24, 2022 to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with GAAP.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
859
The Company’s independent registered public accounting firm, Ernst & Young LLP, has issued an audit report on the Company’s internal control over financial reporting, which appears in Part II, Item 8 of this Form 10-K. Changes in Internal Control over Financial Reporting There were no changes in the Company’s internal ...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
860
Apple Inc. | 2022 Form 10-K | 53 Item 9B.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
861
Other Information Rule 10b5-1 Trading Plans During the three months ended September 24, 2022, Katherine L. Adams, Timothy D. Cook, Luca Maestri, Deirdre O’Brien and Jeffrey Williams, each an officer for purposes of Section 16 of the Exchange Act, had equity trading plans in place in accordance with Rule 10b5-1(c)(1) un...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
862
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, including sales of shares acquired under the Company’s employee and director equity plans.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
863
Item 9C.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
864
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections Not applicable.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
865
PART III Item 10.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
866
Directors, Executive Officers and Corporate Governance The information required by this Item will be included in the Company’s definitive proxy statement to be filed with the SEC within 120 days after September 24, 2022, in connection with the solicitation of proxies for the Company’s 2023 annual meeting of shareholder...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
867
Item 11.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
868
Executive Compensation The information required by this Item will be included in the 2023 Proxy Statement, and is incorporated herein by reference.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
869
Item 12.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
870
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters The information required by this Item will be included in the 2023 Proxy Statement, and is incorporated herein by reference.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
871
Item 13.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
872
Certain Relationships and Related Transactions, and Director Independence The information required by this Item will be included in the 2023 Proxy Statement, and is incorporated herein by reference.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
873
Item 14.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
874
Principal Accountant Fees and Services The information required by this Item will be included in the 2023 Proxy Statement, and is incorporated herein by reference.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
875
Apple Inc. | 2022 Form 10-K | 54 PART IV Item 15.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
876
Exhibit and Financial Statement Schedules (a)Documents filed as part of this report (1)All financial statements *Ernst & Young LLP, PCAOB Firm ID No.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
877
00042.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
878
(2)Financial Statement Schedules All financial statement schedules have been omitted, since the required information is not applicable or is not present in amounts sufficient to require submission of the schedule, or because the information required is included in the consolidated financial statements and accompanying ...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
879
8-K 3.1 8/7/20 3.2 Amended and Restated Bylaws of the Registrant effective as of August 17, 2022.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
880
8-K 3.2 8/19/22 4.1** Description of Securities of the Registrant.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
881
4.2 Indenture, dated as of April 29, 2013, between the Registrant and The Bank of New York Mellon Trust Company, N.A., as Trustee.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
882
S-3 4.1 4/29/13 4.3 Officer’s Certificate of the Registrant, dated as of May 3, 2013, including forms of 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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
883
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
884
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
885
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
886
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
887
8-K 4.1 5/13/15 4.8 Officer’s Certificate of the Registrant, dated as of July 31, 2015, including forms of global notes representing the 3.05% Notes due 2029 and 3.60% Notes due 2042.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
888
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
889
8-K 4.1 9/17/15 Apple Inc. | 2022 Form 10-K | 55 Incorporated by Reference Exhibit Number Exhibit Description Form Exhibit Filing Date/ Period End Date 4.10 Officer’s Certificate of the Registrant, dated as of February 23, 2016, including forms of global notes representing the Floating Rate Notes due 2019, Floating Rat...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
890
8-K 4.1 2/23/16 4.11 Supplement No.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
891
1 to the Officer’s Certificate of the Registrant, dated as of March 24, 2016.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
892
8-K 4.1 3/24/16 4.12 Officer’s Certificate of the Registrant, dated as of August 4, 2016, including forms of global notes representing the Floating Rate Notes due 2019, 1.100% Notes due 2019, 1.550% Notes due 2021, 2.450% Notes due 2026 and 3.850% Notes due 2046.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
893
8-K 4.1 8/4/16 4.13 Officer’s Certificate of the Registrant, dated as of February 9, 2017, including forms of global notes representing the Floating Rate Notes due 2019, Floating Rate Notes due 2020, Floating Rate Notes due 2022, 1.550% Notes due 2019, 1.900% Notes due 2020, 2.500% Notes due 2022, 3.000% Notes due 2024...
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
894
8-K 4.1 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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
895
8-K 4.1 5/11/17 4.15 Officer’s Certificate of the Registrant, dated as of May 24, 2017, including forms of global notes representing the 0.875% Notes due 2025 and 1.375% Notes due 2029.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
896
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
897
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.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
898
8-K 4.1 8/18/17 4.18 Officer’s Certificate of the Registrant, dated as of September 12, 2017, including forms of global notes representing the 1.500% Notes due 2019, 2.100% Notes due 2022, 2.900% Notes due 2027 and 3.750% Notes due 2047.
0000320193-22-000108/full-submission.txt
0000320193
20221028
10-K
899
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.
0000320193-22-000108/full-submission.txt