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YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. jurisdiction to jurisdiction. Complying with emerging and changing requirements causes the Company to incur substantial costs and has required and may in the future require the Company to change its...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and transfer of personal information, the Company is also subject to specific obligations relating to information considered sensitive under applicable laws, such as health data, financial data and ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and obligations, if cardholder information is potentially compromised, the Company can be liable for associated investigatory expenses and can also incur significant fees or fines if the Company fai...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. margins are subject to volatility and downward pressure due to a variety of factors, including: continued industry-wide global product pricing pressures and product pricing actions that the Company ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. introduction of new products or services, including new products or services with higher cost structures. These and other factors could have a materially adverse impact on the Company’s results of o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. or network disruptions, or failure of one of the Company’s logistics, components supply, or manufacturing partners. Apple Inc. | 2022 Form 10-K | 15 Apple Inc.’s financial performance is subject t...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. sales and earnings, and generally leads the Company to raise international pricing, potentially reducing demand for the Company’s products. In some circumstances, for competitive or other reasons, t...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. affecting gross margins. Apple Inc. uses derivative instruments, such as foreign currency forward and option contracts, to hedge certain exposures to fluctuations in foreign currency exchange rates...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. uate substantially. Therefore, although the Company has not realized any significant losses on its cash, cash equivalents, and marketable and non-marketable securities, future fluctuations in their v...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. trade receivables are not covered by collateral, third-party bank support or financing arrangements, or credit insurance, and a significant portion of the Company’s trade receivables can be concentr...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and prepayments related to long-term supply agreements were concentrated among a few individual vendors located primarily in Asia. While the Company has procedures to monitor and limit exposure to c...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. change. Apple Inc.’s effective tax rates are affected by changes in the mix of earnings in countries with differing statutory tax rates, changes in the valuation of deferred tax assets and liabiliti...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. assurance as to the outcome of these examinations. If the Company’s effective tax rates were to increase, particularly in the U.S. or Ireland, or if the ultimate determination of the Company’s taxes...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. may cause the average price at which the Company repurchases its stock in a given period to exceed the stock’s price at a given point in time. Apple Inc. believes the price of its stock should refle...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. which could have a material adverse impact on investor confidence and employee retention. Item 1B.    Unresolved Staff Comments None. Item 2.    Properties Apple Inc.’s headquarters are located ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. U.S. District Court for the Northern District of California (the “Northern California District Court”) against the Company alleging violations of federal and state antitrust laws and California’s un...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. granted a stay pending the appeal. Other Legal Proceedings Apple Inc. is subject to other legal proceedings and claims that have not been fully resolved and that have arisen in the ordinary course...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. .    Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Apple Inc.’s common stock is traded on The Nasdaq Stock Market LLC under the symbol ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Dollar Value ofShares That May Yet Be PurchasedUnder the Plans or Programs (1) June 26, 2022 to July 30, 2022: Open market and privately negotiated purchases 41,690 145.91 41,690 July 31, 2022...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. purchase up to $405 billion of the Company’s common stock under a share repurchase program most recently announced on April 28, 2022 (the “Program”), of which $344.3 billion had been utilized. The P...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Jones U.S. Technology Supersector Index for the five years ended September 24, 2022. The graph assumes $100 was invested in each of the Company’s common stock, the S&P 500 Index, the S&P Information...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2022 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. September 2017 September 2018 September 2019 September 2020 September 2021 September 2022 Apple Inc. 100 149 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ’s Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with the consolidated financial statements and accompanying notes i...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Year Highlights Fiscal 2022 Highlights Total net sales increased 8% or $28.5 billion during 2022 compared to 2021, driven primarily by higher net sales of iPhone, Services and Mac. The weakness in...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 5G technology; All-new Mac Studio, powered by the Apple M1 Max or M1 Ultra chip; All-new Studio Display™; and Updated iPad Air with 5G technology, powered by the Apple M1 chip. Third Quarter 2022...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and all-new Apple Watch Ultra. In April 2022, the Company announced an increase to its Program authorization from $315 billion to $405 billion and raised its quarterly dividend from $0.22 to $0.23 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. activity and caused significant volatility and disruption in global financial markets. The COVID-19 pandemic and the measures taken by many countries in response have affected and could in the futur...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 191,973 39 137,781 Mac (1) 40,177 14 35,190 23 28,622 iPad (1) 29,292 (8) 31,862 34 23,724 Wearables, Home and Accessories (1)(2) 41,241 38,367 25 30,620 Services (3) 78,129 14 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 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, digi...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. lower net sales of iPad Pro. Wearables, Home and Accessories Wearables, Home and Accessories net sales increased during 2022 compared to 2021 due primarily to higher net sales of Apple Watch and A...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Greater China includes China mainland, Hong Kong and Taiwan. Rest of Asia Pacific includes Australia and those Asian countries not included in the Company’s other reportable segments. Although the r...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Change 2020 Net sales by reportable segment: Americas 169,658 11 153,306 23 124,556 Europe 95,118 89,307 30 68,640 Greater China 74,200 68,366 70 40,308 Japan 25,977 (9) 28,48...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. net sales increased during 2022 compared to 2021 due primarily to higher net sales of iPhone and Services. The weakness in foreign currencies relative to the U.S. dollar had a net unfavorable year-o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2 compared to 2021 due primarily to higher net sales of iPhone, Mac and Services. The weakness in foreign currencies relative to the U.S. dollar had an unfavorable year-over-year impact on Rest of As...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Gross margin percentage: Products 36.3 35.3 31.5 Services 71.7 69.7 66.0 Total gross margin percentage 43.3 41.8 38.2 Products Gross Margin Products gross margin increased during 2022 c...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. sales, partially offset by the weakness in foreign currencies relative to the U.S. dollar. Services gross margin percentage increased during 2022 compared to 2021 due primarily to improved leverage...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 0 Research and development 26,251 20 21,914 17 18,752 Percentage of total net sales Selling, general and administrative 25,094 14 21,973 10 19,916 Percentage of total net sales Total o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and professional services. Apple Inc. | 2022 Form 10-K | 23 Other Income/(Expense), Net Other income/(expense), net (“OI&E”) for 2022, 2021 and 2020 was as follows (dollars in millions): 2022 C...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 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...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on foreign earnings, tax benefits from share-based compensation and the impact of the U.S. federal R&D credit, partially offset by state income taxes. Apple Inc.’s effective tax rate for 2021 was lo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Resources Apple Inc. believes its balances of cash, cash equivalents and unrestricted marketable securities, which totaled $156.4 billion as of September 24, 2022, along with cash generated by ongo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. .9 billion payable within 12 months. Apple Inc. also issues unsecured short-term promissory notes (“Commercial Paper”) pursuant to a commercial paper program. As of September 24, 2022, the Company h...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. subassemblies for the Company’s products and to perform final assembly and testing of finished products. Apple Inc. also obtains individual components for its products from a wide variety of individ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. September 24, 2022, the Company had other purchase obligations of $17.8 billion, with $6.8 billion payable within 12 months. Deemed Repatriation Tax Payable As of September 24, 2022, the balance o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , the Company’s quarterly cash dividend was $0.23 per share. Apple Inc. intends to increase its dividend on an annual basis, subject to declaration by the Board of Directors. Critical Accounting Est...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Uncertain Tax Positio...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. a manner inconsistent with management’s expectations could have a material impact on the Company’s financial condition and operating results. Legal and Other Contingencies Apple Inc. is subject to...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Company regularly reviews its foreign exchange forward and option positions and interest rate swaps, both on a stand-alone basis and in conjunction with its underlying foreign currency and interest ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. is exposed to global interest rate fluctuations, it is most affected by fluctuations in U.S. interest rates. Changes in U.S. interest rates affect the interest earned on the Company’s cash, cash equ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. one issuer. To provide a meaningful assessment of the interest rate risk associated with the Company’s investment portfolio, the Company performed a sensitivity analysis to determine the impact a ch...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and as of September 25, 2021, the Company had outstanding floating- and fixed-rate notes with varying maturities for an aggregate carrying amount of $110.1 billion and $118.7 billion, respectively. ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 1 to increase by $201 million and $186 million on an annualized basis, respectively. Foreign Currency Risk In general, the Company is a net receiver of currencies other than the U.S. dollar. Accord...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. addition, the Company has entered, and in the future may enter, into foreign currency contracts to partially offset the foreign currency exchange gains and losses on its foreign currency–denominated...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. impact of fluctuations in exchange rates. The VAR model consisted of using a Monte Carlo simulation to generate thousands of random market price paths assuming normal market conditions. The VAR is t...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. $550 million as of September 25, 2021. Because the Company uses foreign currency instruments for hedging purposes, the losses in fair value incurred on those instruments are generally offset by incr...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the years ended September 24, 2022, September 25, 2021 and September 26, 2020 29 Consolidated Statements of Comprehensive Income for the years ended September 24, 2022, September 25, 2021 and Sept...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 1 and September 26, 2020 33 Notes to Consolidated Financial Statements 34 Reports of Independent Registered Public Accounting Firm 50 All financial statement schedules have been omitted, since ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 220,747 Services 78,129 68,425 53,768 Total net sales 394,328 365,817 274,515 Cost of sales: Products 201,471 192,266 151,286 Services 22,075 20,715 18,273 Total cost of sales 22...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 119,437 108,949 66,288 Other income/(expense), net (334) 258 803 Income before provision for income taxes 119,103 109,207 67,091 Provision for income taxes 19,300 14,527 9,680 Net in...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 919 17,528,214 See accompanying Notes to Consolidated Financial Statements. Apple Inc. | 2022 Form 10-K | 29 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ende...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. losses realized and included in net income (1,074) 1,003 (1,264) Total change in unrealized gains/losses on derivative instruments 2,138 1,035 (1,185) Change in unrealized gains/losses on mar...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Total comprehensive income 88,531 95,249 57,453 See accompanying Notes to Consolidated Financial Statements. Apple Inc. | 2022 Form 10-K | 30 Apple Inc. CONSOLIDATED BALANCE SHEETS (In mill...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. assets 21,223 14,111 Total current assets 135,405 134,836 Non-current assets: Marketable securities 120,805 127,877 Property, plant and equipment, net 42,117 39,440 Other non-current as...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,128 9,613 Total current liabilities 153,982 125,481 Non-current liabilities: Term debt 98,959 109,106 Other non-current liabilities 49,142 53,325 Total non-current liabilities 148,101 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. other comprehensive income/(loss) (11,109) 163 Total shareholders’ equity 50,672 63,090 Total liabilities and shareholders’ equity 352,755 351,002 See accompanying Notes to Consolidated Fin...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 174 Common stock issued 1,175 1,105 880 Common stock withheld related to net share settlement of equity awards (2,971) (2,627) (2,250) Share-based compensation 9,280 8,108 6,975 Ending b...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 151) (1,604) Common stock repurchased (90,186) (85,502) (72,516) Cumulative effect of change in accounting principle (136) Ending balances (3,068) 5,562 14,966 Accumulated other comprehen...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. .795 See accompanying Notes to Consolidated Financial Statements. Apple Inc. | 2022 Form 10-K | 32 Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Years ended September 24,2022 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,829 Deferred income tax expense/(benefit) 895 (4,774) (215) Other 111 (147) (97) Changes in operating assets and liabilities: Accounts receivable, net (1,823) (10,125) 6,917 Inventorie...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 5,799 8,916 Cash generated by operating activities 122,151 104,038 80,674 Investing activities: Purchases of marketable securities (76,923) (109,558) (114,938) Proceeds from maturities o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Cash used in investing activities (22,354) (14,545) (4,289) Financing activities: Payments for taxes related to net share settlement of equity awards (6,223) (6,556) (3,634) Payments for div...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,022 (963) Other (160) 976 754 Cash used in financing activities (110,749) (93,353) (86,820) Decrease in cash, cash equivalents and restricted cash (10,952) (3,860) (10,435) Cash, cash ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 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 A...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 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 Septemb...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. generally transferred when the Company has a present right to payment and title and the significant risks and rewards of ownership of products or services are transferred to its customers. For most ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. selling prices (“SSPs”). When available, the Company uses observable prices to determine SSPs. When observable prices are not available, SSPs are established that reflect the Company’s best estimate...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , which represents the substantial portion of the allocated sales price, is the hardware and bundled software delivered at the time of sale. The second performance obligation is the right to receive ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . Revenue allocated to the product-related bundled services and unspecified software upgrade rights is deferred and recognized on a straight-line basis over the estimated period they are expected to ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. related to these undelivered services. Apple Inc. | 2022 Form 10-K | 34 For the sale of third-party products where the Company obtains control of the product before transferring it to the customer...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. recognizing in Services net sales only the commission it retains. Apple Inc. records revenue net of taxes collected from customers that are remitted to governmental authorities, with the collected ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2021 2020 Numerator: Net income 99,803 94,680 57,411 Denominator: Weighted-average basic shares outstanding 16,215,963 16,701,272 17,352,119 Effect of dilutive securities 109,856 163,64...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents. Apple Inc.’s investments in marketable debt securities have been c...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. restricted when withdrawal or general use is legally restricted. Apple Inc. reports restricted marketable securities as current or non-current marketable securities in the Consolidated Balance Sheet...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ization expense on property, plant and equipment was $8.7 billion, $9.5 billion and $9.7 billion during 2022, 2021 and 2020, respectively. Derivative Instruments and Hedging All derivative instrume...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the assessment of hedge effectiveness and recognizes it on a straight-line basis over the life of the hedge in the Consolidated Statements of Operations line item to which the hedge relates. Changes...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. -line basis over the life of the hedge. Changes in the fair value of amounts excluded from the assessment of hedge effectiveness are recognized in OCI. Gains and losses arising from changes in the f...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. instruments and all other financial instruments, which generally have counterparties with high credit ratings, are based on quoted market prices or model-driven valuations using significant inputs d...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. | 2022 Form 10-K | 36 Segment Reporting Apple Inc. reports segment information based on the “management” approach. The management approach designates the internal reporting used by management for ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. products and similar services, each one is managed separately to better align with the location of the Company’s customers and distribution partners and the unique market dynamics of each geographic...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 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”), corpor...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,862 23,724 Wearables, Home and Accessories (1)(2) 41,241 38,367 30,620 Services (3) 78,129 68,425 53,768 Total net sales (4) 394,328 365,817 274,515 (1) Products net sales include amo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . Services net sales also include amortization of the deferred value of services bundled in the sales price of certain products. (4) Includes $7.5 billion of revenue recognized in 2022 that was inc...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , except in Greater China, where iPhone revenue represented a moderately higher proportion of net sales in 2022 and 2021. Apple Inc. | 2022 Form 10-K | 37 Note 3 – Financial Instruments Cash, Cash...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 1 (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 (2): U.S. Treasury securities 25,134 (1,725) 23,409 338 5,0...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 805 262 Commercial paper 718 718 28 690 Corporate debt securities 87,148 (7,707) 79,450 9,023 70,427 Municipal securities 921 (35) 886 266 620 Mortgage- and asset-backed securities...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. UnrealizedLosses FairValue Cash andCashEquivalents CurrentMarketableSecurities Non-CurrentMarketableSecurities Cash 17,305 17,305 17,305 Level 1 (1): Money market funds 9,608 9,608 9,6...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. U.S. agency securities 8,949 (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 1,30...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,576 775 19,801 Subtotal 162,873 1,742 (1,197) 163,418 8,027 27,514 127,877 Total (3) 189,961 1,753 (1,198) 190,516 34,940 27,699 127,877 (1) Level 1 fair value estimates are base...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 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 fro...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 10 years 17,345 Total fair value 120,805 Derivative Instruments and Hedging Apple Inc. may use derivative instruments to partially offset its business exposure to foreign exchange and interest r...