Close

Form 10-Q APPLE INC For: Dec 26

January 27, 2016 4:34 PM EST
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 10-Q

 

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 26, 2015

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

 

 

 

LOGO

Apple Inc.

(Exact name of Registrant as specified in its charter)

 

 

 

California   94-2404110

(State or other jurisdiction

of incorporation or organization)

  (I.R.S. Employer Identification No.)

1 Infinite Loop

Cupertino, California

  95014
(Address of principal executive offices)   (Zip Code)

(408) 996-1010

(Registrant’s telephone number, including area code)

 

 

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes  x    No  ¨

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files).

Yes  x    No  ¨

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

 

x

  

Accelerated filer

 

¨

Non-accelerated filer

 

¨  (Do not check if a smaller reporting company)

  

Smaller reporting company

 

¨

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes  ¨    No  x

5,544,583,000 shares of common stock, par value $0.00001 per share, issued and outstanding as of January 8, 2016

 

 

 


Table of Contents

Apple Inc.

Form 10-Q

For the Fiscal Quarter Ended December 26, 2015

TABLE OF CONTENTS

 

     Page  
Part I   

Item 1.    

 

Financial Statements

     3   

Item 2.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

     22   

Item 3.

 

Quantitative and Qualitative Disclosures About Market Risk

     32   

Item 4.

 

Controls and Procedures

     32   
Part II   

Item 1.

 

Legal Proceedings

     33   

Item 1A.

 

Risk Factors

     34   

Item 2.

 

Unregistered Sales of Equity Securities and Use of Proceeds

     44   

Item 3.

 

Defaults Upon Senior Securities

     44   

Item 4.

 

Mine Safety Disclosures

     44   

Item 5.

 

Other Information

     44   

Item 6.

 

Exhibits

     45   

 

2


Table of Contents

PART I—FINANCIAL INFORMATION

 

Item 1. Financial Statements

Apple Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(In millions, except number of shares which are reflected in thousands and per share amounts)

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Net sales

   $ 75,872       $ 74,599   

Cost of sales

     45,449         44,858   
  

 

 

    

 

 

 

Gross margin

     30,423         29,741   
  

 

 

    

 

 

 

Operating expenses:

     

Research and development

     2,404         1,895   

Selling, general and administrative

     3,848         3,600   
  

 

 

    

 

 

 

Total operating expenses

     6,252         5,495   
  

 

 

    

 

 

 

Operating income

     24,171         24,246   

Other income/(expense), net

     402         170   
  

 

 

    

 

 

 

Income before provision for income taxes

     24,573         24,416   

Provision for income taxes

     6,212         6,392   
  

 

 

    

 

 

 

Net income

   $ 18,361       $ 18,024   
  

 

 

    

 

 

 

Earnings per share:

     

Basic

   $ 3.30       $ 3.08   

Diluted

   $ 3.28       $ 3.06   
     

Shares used in computing earnings per share:

     

Basic

     5,558,930         5,843,082   

Diluted

     5,594,127         5,881,803   

Cash dividends declared per share

   $ 0.52       $ 0.47   

See accompanying Notes to Condensed Consolidated Financial Statements.

 

3


Table of Contents

Apple Inc.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

(In millions)

 

                             
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Net income

   $ 18,361       $ 18,024   
  

 

 

    

 

 

 

Other comprehensive income/(loss):

     

Change in foreign currency translation, net of tax

     (102      (66

    

     

Change in unrealized gains/losses on derivative instruments:

     

Change in fair value of derivatives, net of tax

     287         1,982   

Adjustment for net (gains)/losses realized and included in net income, net of tax

     (445      (565
  

 

 

    

 

 

 

Total change in unrealized gains/losses on derivative instruments, net of tax

     (158      1,417   
  

 

 

    

 

 

 

    

     

Change in unrealized gains/losses on marketable securities:

     

Change in fair value of marketable securities, net of tax

     (922      (456

Adjustment for net (gains)/losses realized and included in net income, net of tax

     47         (14
  

 

 

    

 

 

 

Total change in unrealized gains/losses on marketable securities, net of tax

     (875      (470
  

 

 

    

 

 

 

Total other comprehensive income/(loss)

     (1,135      881   
  

 

 

    

 

 

 

Total comprehensive income

   $ 17,226       $ 18,905   
  

 

 

    

 

 

 

See accompanying Notes to Condensed Consolidated Financial Statements.

 

4


Table of Contents

Apple Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(In millions, except number of shares which are reflected in thousands and par value)

 

                                                 
     December 26, 2015      September 26, 2015  
ASSETS:   

Current assets:

     

Cash and cash equivalents

   $ 16,689       $ 21,120   

Short-term marketable securities

     21,385         20,481   

Accounts receivable, less allowances of $63 in each period

     12,953         16,849   

Inventories

     2,451         2,349   

Vendor non-trade receivables

     11,668         13,494   

Other current assets

     11,073         15,085   
  

 

 

    

 

 

 

Total current assets

     76,219         89,378   

    

     

Long-term marketable securities

     177,665         164,065   

Property, plant and equipment, net

     22,300         22,471   

Goodwill

     5,202         5,116   

Acquired intangible assets, net

     3,924         3,893   

Other non-current assets

     7,974         5,556   
  

 

 

    

 

 

 

Total assets

   $ 293,284       $ 290,479   
  

 

 

    

 

 

 

    

     
LIABILITIES AND SHAREHOLDERS’ EQUITY:   

Current liabilities:

     

Accounts payable

   $ 33,312       $ 35,490   

Accrued expenses

     24,032         25,181   

Deferred revenue

     8,989         8,940   

Commercial paper

     7,259         8,499   

Current portion of long-term debt

     2,500         2,500   
  

 

 

    

 

 

 

Total current liabilities

     76,092         80,610   

Deferred revenue, non-current

     3,546         3,624   

Long-term debt

     53,204         53,463   

Other non-current liabilities

     32,175         33,427   
  

 

 

    

 

 

 

Total liabilities

     165,017         171,124   
  

 

 

    

 

 

 

    

     

Commitments and contingencies

     

    

     

Shareholders’ equity:

     

Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,544,487 and 5,578,753 shares issued and outstanding, respectively

     28,253         27,416   

Retained earnings

     101,494         92,284   

Accumulated other comprehensive income/(loss)

     (1,480      (345
  

 

 

    

 

 

 

Total shareholders’ equity

     128,267         119,355   
  

 

 

    

 

 

 

Total liabilities and shareholders’ equity

   $ 293,284       $ 290,479   
  

 

 

    

 

 

 

See accompanying Notes to Condensed Consolidated Financial Statements.

 

5


Table of Contents

Apple Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(In millions)

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Cash and cash equivalents, beginning of the period

   $ 21,120       $ 13,844   
  

 

 

    

 

 

 

Operating activities:

     

Net income

     18,361         18,024   

Adjustments to reconcile net income to cash generated by operating activities:

     

Depreciation and amortization

     2,954         2,575   

Share-based compensation expense

     1,078         888   

Deferred income tax expense

     1,592         2,197   

Changes in operating assets and liabilities:

     

Accounts receivable, net

     3,896         751   

Inventories

     (102      (172

Vendor non-trade receivables

     1,826         (3,508

Other current and non-current assets

     (893      (1,648

Accounts payable

     (852      9,003   

Deferred revenue

     (29      945   

Other current and non-current liabilities

     (368      4,667   
  

 

 

    

 

 

 

Cash generated by operating activities

     27,463         33,722   
  

 

 

    

 

 

 

Investing activities:

     

Purchases of marketable securities

     (47,836      (44,915

Proceeds from maturities of marketable securities

     3,514         2,807   

Proceeds from sales of marketable securities

     28,262         24,166   

Payments made in connection with business acquisitions, net

     (86      (23

Payments for acquisition of property, plant and equipment

     (3,612      (3,217

Payments for acquisition of intangible assets

     (394      (48

Other

     (298      65   
  

 

 

    

 

 

 

Cash used in investing activities

     (20,450      (21,165
  

 

 

    

 

 

 

    

     

Financing activities:

     

Proceeds from issuance of common stock

     1         80   

Excess tax benefits from equity awards

     224         264   

Payments for taxes related to net share settlement of equity awards

     (597      (512

Payments for dividends and dividend equivalents

     (2,969      (2,801

Repurchase of common stock

     (6,863      (5,030

Proceeds from issuance of term debt, net

     0         3,485   

Change in commercial paper, net

     (1,240      (2,409
  

 

 

    

 

 

 

Cash used in financing activities

     (11,444      (6,923
  

 

 

    

 

 

 

Increase/(decrease) in cash and cash equivalents

     (4,431      5,634   
  

 

 

    

 

 

 

Cash and cash equivalents, end of the period

   $ 16,689       $ 19,478   
  

 

 

    

 

 

 

Supplemental cash flow disclosure:

     

Cash paid for income taxes, net

   $ 3,398       $ 3,869   

Cash paid for interest

   $ 396       $ 202   

See accompanying Notes to Condensed Consolidated Financial Statements.

 

6


Table of Contents

Notes to Condensed Consolidated Financial Statements (Unaudited)

Note 1 – Summary of Significant Accounting Policies

Apple Inc. and its wholly-owned subsidiaries (collectively “Apple” or the “Company”) designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players, and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications. The Company sells its products worldwide through its retail stores, online stores and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers and value-added resellers. In addition, the Company sells a variety of third-party Apple-compatible products, including application software and various accessories through its online and retail stores. The Company sells to consumers, small and mid-sized businesses and education, enterprise and government customers.

Basis of Presentation and Preparation

The accompanying condensed consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated. In the opinion of the Company’s management, the condensed consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation. The preparation of these condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current period’s presentation.

These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and the notes thereto included in its Annual Report on Form 10-K for the fiscal year ended September 26, 2015 (the “2015 Form 10-K”). The Company’s fiscal year is the 52 or 53-week period that ends on the last Saturday of September. An additional week is included in the first fiscal quarter approximately every six years to realign fiscal quarters with calendar quarters. The Company’s fiscal years 2016 and 2015 each include 52 weeks. Unless otherwise stated, references to particular years, quarters or months refer to the Company’s fiscal years ended in September and the associated quarters or months of those fiscal years.

During the first quarter of 2016, the Company adopted an accounting standard that simplified the presentation of deferred taxes by requiring deferred tax assets and liabilities be classified as noncurrent in a classified statement of financial position. The Company has adopted this accounting standard prospectively; accordingly, the prior period amounts in the Company’s Condensed Consolidated Balance Sheets within this Quarterly Report on Form 10-Q were not adjusted to conform to the new accounting standard. The adoption of this accounting standard was not material to the Company’s condensed consolidated financial statements.

 

7


Table of Contents

Earnings Per Share

Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options, shares to be purchased under the Company’s employee stock purchase plan, unvested restricted stock and unvested restricted stock units (“RSUs”). The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, an increase in the fair market value of the Company’s common stock can result in a greater dilutive effect from potentially dilutive securities.

The following table shows the computation of basic and diluted earnings per share for the three months ended December 26, 2015 and December 27, 2014 (net income in millions and shares in thousands):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Numerator:

     

Net income

   $ 18,361       $ 18,024   

Denominator:

     

Weighted-average shares outstanding

     5,558,930         5,843,082   

Effect of dilutive securities

     35,197         38,721   
  

 

 

    

 

 

 

Weighted-average diluted shares

     5,594,127         5,881,803   
  

 

 

    

 

 

 

Basic earnings per share

   $ 3.30       $ 3.08   

Diluted earnings per share

   $ 3.28       $ 3.06   

Potentially dilutive securities whose effect would have been antidilutive are excluded from the computation of diluted earnings per share.

Note 2 – Financial Instruments

Cash, Cash Equivalents and Marketable Securities

The following tables show the Company’s cash and available-for-sale securities’ adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or short- or long-term marketable securities as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                                                           
    December 26, 2015  
    Adjusted
Cost
    Unrealized
Gains
    Unrealized
Losses
    Fair
Value
    Cash and
Cash
Equivalents
    Short-Term
Marketable
Securities
    Long-Term
Marketable
Securities
 

Cash

  $ 11,152      $ 0      $ 0      $ 11,152      $ 11,152      $ 0      $ 0   

    

             

Level 1 (1):

             

Money market funds

    3,517        0        0        3,517        3,517        0        0   

Mutual funds

    1,772        0        (206     1,566        0        1,566        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    5,289        0        (206     5,083        3,517        1,566        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Level 2 (2):

             

U.S. Treasury securities

    40,739        43        (108     40,674        203        1,602        38,869   

U.S. agency securities

    5,307        2        (10     5,299        469        865        3,965   

Non-U.S. government securities

    6,530        31        (201     6,360        0        454        5,906   

Certificates of deposit and time deposits

    2,986        0        0        2,986        258        1,424        1,304   

Commercial paper

    2,236        0        0        2,236        1,089        895        252   

Corporate securities

    125,000        132        (1,684     123,448        1        14,463        108,984   

Municipal securities

    946        3        (1     948        0        28        920   

Mortgage- and asset-backed securities

    17,635        23        (105     17,553        0        88        17,465   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    201,379        234        (2,109     199,504        2,020        19,819        177,665   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Total

  $ 217,820      $ 234      $ (2,315   $ 215,739      $ 16,689      $ 21,385      $ 177,665   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

8


Table of Contents
                                                                                                                                           
    September 26, 2015  
    Adjusted
Cost
    Unrealized
Gains
    Unrealized
Losses
    Fair
Value
    Cash and
Cash
Equivalents
    Short-Term
Marketable
Securities
    Long-Term
Marketable
Securities
 

Cash

  $ 11,389      $ 0      $ 0      $ 11,389      $ 11,389      $ 0      $ 0   

    

             

Level 1 (1):

             

Money market funds

    1,798        0        0        1,798        1,798        0        0   

Mutual funds

    1,772        0        (144     1,628        0        1,628        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    3,570        0        (144     3,426        1,798        1,628        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Level 2 (2):

             

U.S. Treasury securities

    34,902        181        (1     35,082        0        3,498        31,584   

U.S. agency securities

    5,864        14        0        5,878        841        767        4,270   

Non-U.S. government securities

    6,356        45        (167     6,234        43        135        6,056   

Certificates of deposit and time deposits

    4,347        0        0        4,347        2,065        1,405        877   

Commercial paper

    6,016        0        0        6,016        4,981        1,035        0   

Corporate securities

    116,908        242        (985     116,165        3        11,948        104,214   

Municipal securities

    947        5        0        952        0        48        904   

Mortgage- and asset-backed securities

    16,121        87        (31     16,177        0        17        16,160   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    191,461        574        (1,184     190,851        7,933        18,853        164,065   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Total

  $ 206,420      $ 574      $ (1,328   $ 205,666      $ 21,120      $ 20,481      $ 164,065   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

  (1) 

The fair value of Level 1 securities is estimated based on quoted prices in active markets for identical assets or liabilities.

 

 

  (2) 

The fair value of Level 2 securities is estimated based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

 

The Company may sell certain of its marketable securities prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. The maturities of the Company’s long-term marketable securities generally range from one to five years.

As of December 26, 2015, the Company considers the declines in market value of its marketable securities investment portfolio to be temporary in nature and does not consider any of its investments other-than-temporarily impaired. The Company typically invests in highly-rated securities, and its investment policy generally limits the amount of credit exposure to any one issuer. The policy generally requires investments to be investment grade, with the primary objective of minimizing the potential risk of principal loss. Fair values were determined for each individual security in the investment portfolio. When evaluating an investment for other-than-temporary impairment the Company reviews factors such as the length of time and extent to which fair value has been below its cost basis, the financial condition of the issuer and any changes thereto, changes in market interest rates and the Company’s intent to sell, or whether it is more likely than not it will be required to sell the investment before recovery of the investment’s cost basis.

Derivative Financial Instruments

The Company may use derivatives to partially offset its business exposure to foreign currency and interest rate risk on expected future cash flows, on net investments in certain foreign subsidiaries and on certain existing assets and liabilities. However, the Company may choose not to hedge certain exposures for a variety of reasons including, but not limited to, accounting considerations and 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 currency exchange or interest rates.

To help protect gross margins from fluctuations in foreign currency exchange rates, certain of the Company’s subsidiaries whose functional currency is the U.S. dollar may hedge a portion of forecasted foreign currency revenue, and subsidiaries whose functional currency is not the U.S. dollar and who sell in local currencies may hedge a portion of forecasted inventory purchases not denominated in the subsidiaries’ functional currencies. The Company may enter into forward contracts, option contracts or other instruments to manage this risk and may designate these instruments as cash flow hedges. The Company typically hedges portions of its forecasted foreign currency exposure associated with revenue and inventory purchases, typically for up to 12 months.

 

9


Table of Contents

To help protect the net investment in a foreign operation from adverse changes in foreign currency exchange rates, the Company may enter into foreign currency forward and option contracts to offset the changes in the carrying amounts of these investments due to fluctuations in foreign currency exchange rates. In addition, the Company may use non-derivative financial instruments, such as its foreign currency-denominated debt, as economic hedges of its net investments in certain foreign subsidiaries. In both of these cases, the Company designates these instruments as net investment hedges.

The Company may also enter into non-designated foreign currency contracts to partially offset the foreign currency exchange gains and losses generated by the re-measurement of certain assets and liabilities denominated in non-functional currencies.

The Company may enter into interest rate swaps, options, or other instruments to manage interest rate risk. These instruments may offset a portion of changes in income or expense, or changes in fair value of the Company’s term debt or investments. The Company designates these instruments as either cash flow or fair value hedges. The Company’s hedged interest rate transactions as of December 26, 2015 are expected to be recognized within nine years.

Cash Flow Hedges

The effective portions of cash flow hedges are recorded in accumulated other comprehensive income (“AOCI”) until the hedged item is recognized in earnings. Deferred gains and losses associated with cash flow hedges of foreign currency revenue are recognized as a component of net sales in the same period as the related revenue is recognized, and deferred gains and losses related to cash flow hedges of inventory purchases are recognized as a component of cost of sales in the same period as the related costs are recognized. Deferred gains and losses associated with cash flow hedges of interest income or expense are recognized in other income/(expense), net in the same period as the related income or expense is recognized. The ineffective portions and amounts excluded from the effectiveness testing of cash flow hedges are recognized in other income/(expense), net.

Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period. Deferred gains and losses in AOCI associated with such derivative instruments are reclassified immediately into other income/(expense), net. Any subsequent changes in fair value of such derivative instruments are reflected in other income/(expense), net unless they are re-designated as hedges of other transactions.

Net Investment Hedges

The effective portions of net investment hedges are recorded in other comprehensive income (“OCI”) as a part of the cumulative translation adjustment. The ineffective portions and amounts excluded from the effectiveness testing of net investment hedges are recognized in other income/(expense), net.

Fair Value Hedges

Gains and losses related to changes in fair value hedges are recognized in earnings along with a corresponding loss or gain related to the change in value of the underlying hedged item.

Non-Designated Derivatives

Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates.

The Company records all derivatives in the Condensed Consolidated Balance Sheets at fair value. The Company’s accounting treatment for these derivative instruments is based on its hedge designation. The following tables show the Company’s derivative instruments at gross fair value as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                          
     December 26, 2015  
     Fair Value of
Derivatives
Designated as
Hedge Instruments
     Fair Value of
Derivatives Not
Designated as
Hedge Instruments
     Total
Fair Value
 

Derivative assets (1):

        

Foreign exchange contracts

   $ 1,021       $ 275       $ 1,296   

Interest rate contracts

   $ 313       $ 0       $ 313   

    

        

Derivative liabilities (2):

        

Foreign exchange contracts

   $ 877       $ 157       $ 1,034   

Interest rate contracts

   $ 30       $ 0       $ 30   

 

10


Table of Contents
                                                                          
     September 26, 2015  
     Fair Value of
Derivatives
Designated as
Hedge Instruments
     Fair Value of
Derivatives Not
Designated as
Hedge Instruments
     Total
Fair Value
 

Derivative assets (1):

        

Foreign exchange contracts

   $ 1,442       $ 109       $ 1,551   

Interest rate contracts

   $ 394       $ 0       $ 394   

    

        

Derivative liabilities (2):

        

Foreign exchange contracts

   $ 905       $ 94       $ 999   

Interest rate contracts

   $ 13       $ 0       $ 13   

 

  (1) 

The fair value of derivative assets is measured using Level 2 fair value inputs and is recorded as other current assets in the Condensed Consolidated Balance Sheets.

 

 

  (2) 

The fair value of derivative liabilities is measured using Level 2 fair value inputs and is recorded as accrued expenses in the Condensed Consolidated Balance Sheets.

 

The following table shows the pre-tax gains and losses of the Company’s derivative and non-derivative instruments designated as cash flow, net investment and fair value hedges on OCI and the Condensed Consolidated Statements of Operations for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     December 26, 2015      December 27, 2014  

Gains/(Losses) recognized in OCI – effective portion:

     

Cash flow hedges:

     

Foreign exchange contracts

   $ 326       $ 2,501   

Interest rate contracts

     8         (4
  

 

 

    

 

 

 

Total

   $ 334       $ 2,497   
  

 

 

    

 

 

 

    

     

Net investment hedges:

     

Foreign exchange contracts

   $ 0       $ 118   

Foreign currency debt

     10         0   
  

 

 

    

 

 

 

Total

   $ 10       $ 118   
  

 

 

    

 

 

 

    

     

Gains/(Losses) reclassified from AOCI into net income – effective portion:

     

Cash flow hedges:

     

Foreign exchange contracts

   $ 515       $ 667   

Interest rate contracts

     (4      (4
  

 

 

    

 

 

 

Total

   $ 511       $ 663   
  

 

 

    

 

 

 

    

     

Gains/(Losses) on derivative instruments:

     

Fair value hedges:

     

Interest rate contracts

   $ (111    $ 117   
  

 

 

    

 

 

 

    

     

Gains/(Losses) related to hedged items:

     

Fair value hedges:

     

Interest rate contracts

   $ 111       $ (117
  

 

 

    

 

 

 

 

11


Table of Contents

The following table shows the notional amounts of the Company’s outstanding derivative instruments and credit risk amounts associated with outstanding or unsettled derivative instruments as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                   
     December 26, 2015      September 26, 2015  
     Notional
Amount
     Credit Risk
Amount
     Notional
Amount
     Credit Risk
Amount
 

Instruments designated as accounting hedges:

           

Foreign exchange contracts

   $ 59,305       $ 1,021       $ 70,054       $ 1,385   

Interest rate contracts

   $ 18,750       $ 313       $ 18,750       $ 394   

    

           

Instruments not designated as accounting hedges:

           

Foreign exchange contracts

   $ 48,365       $ 275       $ 49,190       $ 109   

The notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the Company’s exposure to credit or market loss. The credit risk amounts represent the Company’s gross exposure to potential accounting loss on derivative instruments that are outstanding or unsettled if all counterparties failed to perform according to the terms of the contract, based on then-current currency or interest rates at each respective date. The Company’s exposure to credit loss and market risk will vary over time as currency and interest rates change. Although the table above reflects the notional and credit risk amounts of the Company’s derivative instruments, it does not reflect the gains or losses associated with the exposures and transactions that the instruments are intended to hedge. The amounts ultimately realized upon settlement of these financial instruments, together with the gains and losses on the underlying exposures, will depend on actual market conditions during the remaining life of the instruments.

The Company generally enters into master netting arrangements, which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty. To further limit credit risk, the Company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds. The Company presents its derivative assets and derivative liabilities at their gross fair values in its Condensed Consolidated Balance Sheets. The net cash collateral received by the Company related to derivative instruments under its collateral security arrangements was $660 million as of December 26, 2015 and $1.0 billion as of September 26, 2015.

Under master netting arrangements with the respective counterparties to the Company’s derivative contracts, the Company is allowed to net settle transactions with a single net amount payable by one party to the other. As of December 26, 2015 and September 26, 2015, 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 $1.7 billion and $2.2 billion, respectively, resulting in net derivative liabilities of $116 million and $78 million, respectively.

Accounts Receivable

Trade Receivables

The Company has considerable trade receivables outstanding with its third-party cellular network carriers, wholesalers, retailers, value-added resellers, small and mid-sized businesses and education, enterprise and government customers that are not covered by collateral, third-party financing arrangements or credit insurance. As of December 26, 2015, there was no single customer that accounted for 10% or more of total trade receivables. As of September 26, 2015, the Company had one customer that represented 10% or more of total trade receivables, which accounted for 12%. The Company’s cellular network carriers accounted for 50% and 71% of trade receivables as of December 26, 2015 and September 26, 2015, 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 sub-assemblies or assemble final products for the Company. Vendor non-trade receivables from three of the Company’s vendors accounted for 51%, 14% and 10% of total vendor non-trade receivables as of December 26, 2015 and three of the Company’s vendors accounted for 38%, 18% and 14% of total vendor non-trade receivables as of September 26, 2015.

 

12


Table of Contents

Note 3 – Condensed Consolidated Financial Statement Details

The following tables show the Company’s condensed consolidated financial statement details as of December 26, 2015 and September 26, 2015 (in millions):

Property, Plant and Equipment, Net

 

                                                 
     December 26, 2015      September 26, 2015  

Land and buildings

   $ 7,729       $ 6,956   

Machinery, equipment and internal-use software

     38,039         37,038   

Leasehold improvements

     5,574         5,263   
  

 

 

    

 

 

 

Gross property, plant and equipment

     51,342         49,257   

Accumulated depreciation and amortization

     (29,042      (26,786
  

 

 

    

 

 

 

Total property, plant and equipment, net

   $ 22,300       $ 22,471   
  

 

 

    

 

 

 

Other Non-Current Liabilities

 

                                                 
     December 26, 2015      September 26, 2015  

Deferred tax liabilities

   $ 21,617       $ 24,062   

Other non-current liabilities

     10,558         9,365   
  

 

 

    

 

 

 

Total other non-current liabilities

   $ 32,175       $ 33,427   
  

 

 

    

 

 

 

Other Income/(Expense), Net

The following table shows the detail of other income/(expense), net for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Interest and dividend income

   $ 941       $ 654   

Interest expense

     (276      (131

Other expense, net

     (263      (353
  

 

 

    

 

 

 

Total other income/(expense), net

   $ 402       $ 170   
  

 

 

    

 

 

 

Note 4 – Acquired Intangible Assets

The Company’s acquired intangible assets with definite useful lives primarily consist of patents and licenses and are amortized over periods typically from three to seven years. The following table summarizes the components of gross and net acquired intangible asset balances as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                           
     December 26, 2015      September 26, 2015  
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 

Definite-lived and amortizable
acquired intangible assets

   $ 8,490       $ (4,666   $ 3,824       $ 8,125       $ (4,332   $ 3,793   

Indefinite-lived and non-amortizable
acquired intangible assets

     100         0        100         100         0        100   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total acquired intangible assets

   $ 8,590       $ (4,666   $ 3,924       $ 8,225       $ (4,332   $ 3,893   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

 

13


Table of Contents

Note 5 – Income Taxes

As of December 26, 2015, the Company recorded gross unrecognized tax benefits of $7.4 billion, of which $2.7 billion, if recognized, would affect the Company’s effective tax rate. As of September 26, 2015, the total amount of gross unrecognized tax benefits was $6.9 billion, of which $2.5 billion, if recognized, would have affected the Company’s effective tax rate. The Company’s total gross unrecognized tax benefits are classified as other non-current liabilities in the Condensed Consolidated Balance Sheets. The Company had $1.4 billion and $1.3 billion of gross interest and penalties accrued as of December 26, 2015 and September 26, 2015, respectively, which are classified as other non-current liabilities in the Condensed Consolidated Balance Sheets.

Management believes that an adequate provision has been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues addressed in the Company’s tax audits are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs. Although timing of the resolution and/or closure of audits is not certain, the Company does not believe it is reasonably possible that its unrecognized tax benefits would materially change in the next 12 months.

On June 11, 2014, the European Commission issued an opening decision initiating a formal investigation against Ireland for alleged state aid to the Company. The opening decision concerns the allocation of profits for taxation purposes of the Irish branches of two subsidiaries of the Company. The Company believes the European Commission’s assertions are without merit. If the European Commission were to conclude against Ireland, the European Commission could require Ireland to recover from the Company past taxes covering a period of up to 10 years reflective of the disallowed state aid. While such amount could be material, as of December 26, 2015 the Company is unable to estimate the impact.

Note 6 – Debt

Commercial Paper

The Company issues unsecured short-term promissory notes (“Commercial Paper”) pursuant to a commercial paper program. The Company uses net proceeds from the commercial paper program for general corporate purposes, including dividends and share repurchases. As of December 26, 2015 and September 26, 2015, the Company had $7.3 billion and $8.5 billion of Commercial Paper outstanding, respectively, with maturities generally less than nine months. The weighted-average interest rate of the Company’s Commercial Paper was 0.20% as of December 26, 2015 and 0.14% as of September 26, 2015.

The following table provides a summary of cash flows associated with the issuance and maturities of Commercial Paper for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Maturities less than 90 days:

     

Proceeds from (repayments of) commercial paper, net

   $ (393    $ 62   

    

     

Maturities greater than 90 days:

     

Proceeds from commercial paper

     492         197   

Repayments of commercial paper

     (1,339      (2,668
  

 

 

    

 

 

 

Proceeds from (repayments of) commercial paper, net

     (847      (2,471
  

 

 

    

 

 

 

Total change in commercial paper, net

   $ (1,240    $ (2,409
  

 

 

    

 

 

 

 

14


Table of Contents

Long-Term Debt

As of December 26, 2015, the Company had outstanding floating- and fixed-rate notes with varying maturities for an aggregate principal amount of $55.5 billion (collectively the “Notes”). The Notes are senior unsecured obligations, and interest is payable in arrears, quarterly for the U.S. dollar-denominated and Australian dollar-denominated floating-rate notes, semi-annually for the U.S. dollar-denominated, Australian dollar-denominated, British pound-denominated and Japanese yen-denominated fixed-rate notes and annually for the euro-denominated and Swiss franc-denominated fixed-rate notes. The following table provides a summary of the Company’s term debt as of December 26, 2015 and September 26, 2015:

 

                                                                                                                            
    Maturities     December, 26, 2015     September 26, 2015  
      Amount
(in millions)
    Effective
Interest Rate
    Amount
(in millions)
    Effective
Interest Rate
 

2013 debt issuance of $17.0 billion:

         

Floating-rate notes

    2016 - 2018      $ 3,000        0.51% - 1.10%      $ 3,000        0.51% - 1.10%   

Fixed-rate 0.45% - 3.85% notes

    2016 - 2043        14,000        0.51% - 3.91%        14,000        0.51% - 3.91%   
         

2014 debt issuance of $12.0 billion:

         

Floating-rate notes

    2017 - 2019        2,000        0.41% - 0.64%        2,000        0.37% - 0.60%   

Fixed-rate 1.05% - 4.45% notes

    2017 - 2044        10,000        0.40% - 4.48%        10,000        0.37% - 4.48%   
         

2015 debt issuances of $27.3 billion:

         

Floating-rate notes

    2017 - 2020        1,755        0.41% - 1.87%        1,743        0.36% - 1.87%   

Fixed-rate 0.35% - 4.375% notes

    2017 - 2045        24,793        0.28% - 4.51%        24,958        0.28% - 4.51%   
   

 

 

     

 

 

   

Total term debt

      55,548          55,701     

Unamortized discount

      (109       (114  

Hedge accounting fair value adjustments

      265          376     

Less: Current portion of long-term debt

      (2,500       (2,500  
   

 

 

     

 

 

   

Total long-term debt

    $ 53,204        $ 53,463     
   

 

 

     

 

 

   

As of December 26, 2015, ¥118.0 billion of Japanese yen-denominated notes was designated as a hedge of the foreign currency exposure of its net investment in a foreign operation. The foreign currency transaction gain or loss on the Japanese yen-denominated debt designated as a hedge is recorded in OCI as a part of the cumulative translation adjustment. As of December 26, 2015 and September 26, 2015, the carrying value of the debt designated as a net investment hedge was $1.0 billion and $2.1 billion, respectively. For further discussion regarding the Company’s use of derivative instruments see the Derivative Financial Instruments section of Note 2, “Financial Instruments.”

The effective interest rates for the Notes include the interest on the Notes, amortization of the discount and, if applicable, adjustments related to hedging. The Company recognized $271 million and $128 million of interest expense on its term debt for the three months ended December 26, 2015 and December 27, 2014, respectively.

As of December 26, 2015 and September 26, 2015, the fair value of the Company’s Notes, based on Level 2 inputs, was $55.1 billion and $54.9 billion, respectively.

Note 7 – Shareholders’ Equity

Dividends

The Company declared and paid cash dividends per share during the periods presented as follows:

 

                                                 
     Dividends
Per Share
     Amount
(in millions)
 

2016:

     

First quarter

   $ 0.52       $ 2,898   
               

2015:

     

Fourth quarter

   $ 0.52       $ 2,950   

Third quarter

     0.52         2,997   

Second quarter

     0.47         2,734   

First quarter

     0.47         2,750   
  

 

 

    

 

 

 

Total cash dividends declared and paid

   $ 1.98       $ 11,431   
  

 

 

    

 

 

 

Future dividends are subject to declaration by the Board of Directors.

 

15


Table of Contents

Share Repurchase Program

In 2015, the Company’s Board of Directors increased the share repurchase authorization to $140 billion of the Company’s common stock, of which $110 billion had been utilized as of December 26, 2015. The Company’s share repurchase program does not obligate it to acquire any specific number 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 (the “Exchange Act”).

The Company has entered, and in the future may enter, into accelerated share repurchase arrangements (“ASRs”) with financial institutions. In exchange for up-front payments, the financial institutions deliver shares of the Company’s common stock during the purchase periods of each ASR. The total number of shares ultimately delivered, and therefore the average repurchase price paid per share, is determined at the end of the applicable purchase period of each ASR based on the volume weighted-average price of the Company’s common stock during that period. The shares received are retired in the periods they are delivered, and the up-front payments are accounted for as a reduction to shareholders’ equity in the Company’s Condensed Consolidated Balance Sheets in the periods the payments are made. The Company reflects the ASRs as a repurchase of common stock in the period delivered for purposes of calculating earnings per share and as forward contracts indexed to its own common stock. The ASRs met all of the applicable criteria for equity classification, and therefore were not accounted for as derivative instruments.

The following table shows the Company’s ASR activity and related information during the three months ended December 26, 2015 and the year ended September 26, 2015:

 

                                                                                                   
     Purchase Period
End Date
     Number of
Shares

(in thousands)
     Average
Repurchase
Price
Per Share
     ASR
Amount

(in millions)
 

November 2015 ASR

     April 2016         20,382 (1)       $      (1)       $ 3,000   

May 2015 ASR

     July 2015         48,293           $ 124.24       $ 6,000   

August 2014 ASR

     February 2015         81,525           $ 110.40       $ 9,000   

January 2014 ASR

     December 2014         134,247           $ 89.39       $ 12,000   

 

  (1) 

“Number of Shares” represents those shares delivered in the beginning of the purchase period and does not represent the final number of shares to be delivered under the ASR. The total number of shares ultimately delivered, and therefore the average repurchase price paid per share, will be determined at the end of the applicable purchase period based on the volume-weighted average price of the Company’s common stock during that period. The November 2015 ASR purchase period will end in or before April 2016.

 

Additionally, the Company repurchased shares of its common stock in the open market, which were retired upon repurchase, during the periods presented as follows:

 

                                                                          
     Number of
Shares

(in thousands)
     Average
Repurchase
Price
Per Share
     Amount
(in millions)
 

2016:

        

First quarter

     25,984       $ 115.45       $ 3,000   

    

        

2015:

        

Fourth quarter

     121,802       $ 115.15       $ 14,026   

Third quarter

     31,231       $ 128.08         4,000   

Second quarter

     56,400       $ 124.11         7,000   

First quarter

     45,704       $ 109.40         5,000   
  

 

 

       

 

 

 

Total open market common stock repurchases

     255,137          $ 30,026   
  

 

 

       

 

 

 

 

16


Table of Contents

Note 8 – Comprehensive Income

Comprehensive income consists of two components, net income and OCI. OCI refers to revenue, expenses, and gains and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net income. The Company’s OCI consists of foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges and unrealized gains and losses on marketable securities classified as available-for-sale.

The following table shows the pre-tax amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line item, for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                  

Comprehensive Income Components

 

Financial Statement

Line Item

   December 26, 2015      December 27, 2014  

Unrealized (gains)/losses on derivative instruments:

       

Foreign exchange contracts

  Revenue    $ (329    $ (449
  Cost of sales      (306      (313
  Other income/(expense), net      120         95   

Interest rate contracts

  Other income/(expense), net      4         4   
    

 

 

    

 

 

 
       (511      (663

Unrealized (gains)/losses on marketable securities

  Other income/(expense), net      73         (22
    

 

 

    

 

 

 

Total amounts reclassified from AOCI

   $ (438    $ (685
    

 

 

    

 

 

 

The following table shows the changes in AOCI by component for the three months ended December 26, 2015 (in millions):

 

                                                                                                   
    Cumulative
Foreign
Currency
Translation
     Unrealized
Gains/Losses
on Derivative
Instruments
     Unrealized
Gains/Losses
on Marketable
Securities
     Total  

Balance at September 26, 2015

  $ (653    $ 772       $ (464    $ (345
 

 

 

    

 

 

    

 

 

    

 

 

 

Other comprehensive income/(loss) before reclassifications

    (121      325         (1,430      (1,226

Amounts reclassified from AOCI

    0         (511      73         (438

Tax effect

    19         28         482         529   
 

 

 

    

 

 

    

 

 

    

 

 

 

Other comprehensive income/(loss)

    (102      (158      (875      (1,135
 

 

 

    

 

 

    

 

 

    

 

 

 

Balance at December 26, 2015

  $ (755    $ 614       $ (1,339    $ (1,480
 

 

 

    

 

 

    

 

 

    

 

 

 

Note 9 – Benefit Plans

Stock Plans

The Company had 376.5 million shares reserved for future issuance under its stock plans as of December 26, 2015. RSUs granted generally vest over four years, based on continued employment, and are settled upon vesting in shares of the Company’s common stock on a one-for-one basis. Each share issued with respect to RSUs granted under the Company’s stock plans reduces the number of shares available for grant under the plan by two shares. RSUs cancelled and shares withheld to satisfy tax withholding obligations increase the number of shares available for grant under the plans utilizing a factor of two times the number of RSUs cancelled or shares withheld. Stock options count against the number of shares available for grant on a one-for-one basis.

Rule 10b5-1 Trading Plans

During the three months ended December 26, 2015, Section 16 officers Timothy D. Cook, Luca Maestri, Daniel Riccio, Philip Schiller and Jeffrey Williams had equity trading plans in place in accordance with Rule 10b5-1(c)(1) under the Exchange Act. An equity trading plan is a written document that pre-establishes 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 shares acquired pursuant to the Company’s employee and director equity plans.

 

17


Table of Contents

Restricted Stock Units

A summary of the Company’s RSU activity and related information for the three months ended December 26, 2015 is as follows:

 

                                                                          
     Number of
RSUs
(in thousands)
     Weighted-Average
Grant Date Fair
Value Per Share
     Aggregate
Intrinsic Value
(in millions)
 

Balance at September 26, 2015

     101,467       $ 85.77      

RSUs granted

     41,082       $ 111.31      

RSUs vested

     (17,923    $ 79.24      

RSUs cancelled

     (1,282    $ 90.95      
  

 

 

       

Balance at December 26, 2015

     123,344       $ 95.09       $ 13,325   
  

 

 

       

RSUs that vested during the three months ended December 26, 2015 and December 27, 2014 had fair values of $2.0 billion and $1.7 billion, respectively, as of the vesting date.

Stock Options

The Company had 1.1 million stock options outstanding as of December 26, 2015, with a weighted-average exercise price per share of $15.24 and weighted-average remaining contractual term of 4.0 years, substantially all of which are exercisable. The aggregate intrinsic value of the stock options outstanding as of December 26, 2015 was $106 million, which represents the value of the Company’s closing stock price on the last trading day of the period in excess of the weighted-average exercise price multiplied by the number of options outstanding.

Share-Based Compensation

The following table shows a summary of the share-based compensation expense included in the Condensed Consolidated Statements of Operations for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Cost of sales

   $ 204       $ 140   

Research and development

     466         374   

Selling, general and administrative

     408         374   
  

 

 

    

 

 

 

Total share-based compensation expense

   $ 1,078       $ 888   
  

 

 

    

 

 

 

The income tax benefit related to share-based compensation expense was $413 million and $351 million for the three months ended December 26, 2015 and December 27, 2014, respectively. As of December 26, 2015, the total unrecognized compensation cost related to outstanding stock options, RSUs and restricted stock was $10.0 billion, which the Company expects to recognize over a weighted-average period of 3.0 years.

Note 10 – Commitments and Contingencies

Accrued Warranty and Indemnification

The following table shows changes in the Company’s accrued warranties and related costs for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Beginning accrued warranty and related costs

   $ 4,780       $ 4,159   

Cost of warranty claims

     (1,269      (1,044

Accruals for product warranty

     1,725         2,080   
  

 

 

    

 

 

 

Ending accrued warranty and related costs

   $ 5,236       $ 5,195   
  

 

 

    

 

 

 

The Company generally does not indemnify end-users of its operating system and application software against legal claims that the software infringes third-party intellectual property rights. Other agreements entered into by the Company sometimes include indemnification provisions under which the Company could be subject to costs and/or damages in the event of an infringement claim against the Company or an indemnified third-party. In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss with respect to indemnification of end-users of its operating system or application software for infringement of third-party intellectual property rights.

 

18


Table of Contents

The Company offers an iPhone Upgrade Program, which is available to customers who purchase an iPhone 6s and 6s Plus in one of its U.S. physical retail stores and activate the purchased iPhone with one of the four national carriers. The iPhone Upgrade Program provides customers the right to trade in that iPhone for a new iPhone, provided certain conditions are met. One of the conditions of this program requires the customer to finance the initial purchase price of the iPhone with a third-party lender. Upon exercise of the trade-in right and purchase of a new iPhone, the Company satisfies the customer’s outstanding balance due to the third-party lender on the original device. The Company accounts for the trade-in right as a guarantee liability and recognizes arrangement revenue net of the fair value of such right with subsequent changes to the guarantee liability recognized within revenue.

The Company has entered into indemnification agreements with its directors and executive officers. Under these agreements, the Company has agreed to indemnify such individuals to the fullest extent permitted by law against liabilities that arise by reason of their status as directors or officers and to advance expenses incurred by such individuals in connection with related legal proceedings. It is not possible to determine the maximum potential amount of payments the Company could be required to make under these agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each claim. However, the Company maintains directors and officers liability insurance coverage to reduce its exposure to such obligations.

Concentrations in the Available Sources of Supply of Materials and Product

Although most components essential to the Company’s business are generally available from multiple sources, a number of components are currently obtained from single or limited sources. In addition, the Company competes for various components with other participants in the markets for mobile communication and media devices and personal computers. Therefore, many components used by the Company, including those that are available from multiple sources, are at times subject to industry-wide shortage and significant pricing fluctuations that could materially adversely affect the Company’s financial condition and operating results.

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 manufacturing capacity has increased. If the Company’s supply of components for a new or existing product were delayed or constrained, or if an outsourcing partner delayed shipments of completed products to the Company, the Company’s financial condition and operating results could be materially adversely affected. The Company’s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source, or to identify and obtain sufficient quantities from an alternative source. Continued availability of these components at acceptable prices, or at all, may be affected if those suppliers concentrated 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. Therefore, the Company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results.

Substantially all of the Company’s hardware products are manufactured by outsourcing partners that are located primarily in Asia. A significant concentration of this manufacturing is currently performed by a small number of outsourcing partners, often in single locations. Certain of these outsourcing partners are the sole-sourced suppliers of components and manufacturers for many of the Company’s products. Although the Company works closely with its outsourcing partners on manufacturing schedules, the Company’s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments. The Company’s purchase commitments typically cover its requirements for periods up to 150 days.

Other Off-Balance Sheet Commitments

Operating Leases

The Company leases various equipment and facilities, including retail space, under noncancelable operating lease arrangements. The major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options. As of December 26, 2015, the Company had a total of 469 retail stores. Leases for retail space are for terms ranging from five to 20 years, the majority of which are for 10 years, and often contain multi-year renewal options. As of December 26, 2015, the Company’s total future minimum lease payments under noncancelable operating leases were $6.6 billion, of which $3.7 billion related to leases for retail space.

 

19


Table of Contents

Contingencies

The Company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and that have not been fully adjudicated, certain of which are discussed in Part II, Item 1 of this Form 10-Q under the heading “Legal Proceedings” and in Part II, Item 1A of this Form 10-Q under the heading “Risk Factors.” 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 in excess of a recorded accrual, with respect to loss contingencies for asserted legal and other claims. However, the outcome of litigation is inherently uncertain. Therefore, although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations, the Company’s consolidated financial statements for that reporting period could be materially adversely affected.

Apple Inc. v. Samsung Electronics Co., Ltd., et al.

On August 24, 2012, a jury returned a verdict awarding the Company $1.05 billion in its lawsuit against Samsung Electronics Co., Ltd. and affiliated parties in the United States District Court, Northern District of California, San Jose Division. On March 6, 2014, the District Court entered final judgment in favor of the Company in the amount of approximately $930 million. On May 18, 2015, the U.S. Court of Appeals for the Federal Circuit affirmed in part, and reversed in part, the decision of the District Court. As a result, the Court of Appeals ordered entry of final judgment on damages in the amount of approximately $548 million, with the District Court to determine supplemental damages and interest, as well as damages owed for products subject to the reversal in part. Samsung Electronics Co., Ltd. paid $548 million to the Company in December 2015, which was included in net sales in the Condensed Consolidated Statement of Operations. Because the March 6, 2014 ruling remains subject to further proceedings, the Company has not recognized any further amounts in its results of operations.

Note 11 – Segment Information and Geographic Data

The Company reports segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable operating segments.

The Company manages its business primarily on a geographic basis. The Company’s reportable operating segments consist of the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, as well as India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and those Asian countries not included in the Company’s other reportable operating segments. Although each reportable operating segment provides similar hardware and software products and similar services, they are managed separately to better align with the location of the Company’s customers and distribution partners and the unique market dynamics of each geographic region. The accounting policies of the various segments are the same as those described in Note 1, “Summary of Significant Accounting Policies” of the Notes to Consolidated Financial Statements in Part II, Item 8 of the 2015 Form 10-K.

The Company evaluates the performance of its reportable operating segments based on net sales and operating income. Net sales for geographic segments are generally based on the location of customers and sales through the Company’s retail stores located in those geographic locations. Operating income for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. Advertising expenses are generally included in the geographic segment in which the expenditures are incurred. Operating income for each segment excludes other income and expense and certain expenses managed outside the reportable operating segments. Costs excluded from segment operating income include various corporate expenses such as research and development, corporate marketing expenses, certain share-based compensation expenses, income taxes, various nonrecurring charges and other separately managed general and administrative costs. The Company does not include intercompany transfers between segments for management reporting purposes.

 

20


Table of Contents

The following table shows information by reportable operating segment for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Americas:

     

Net sales

   $ 29,325       $ 30,566   

Operating income

   $ 10,018       $ 10,701   

    

     

Europe:

     

Net sales

   $ 17,932       $ 17,214   

Operating income

   $ 5,779       $ 5,882   

Greater China:

     

Net sales

   $ 18,373       $ 16,144   

Operating income

   $ 7,576       $ 6,366   

    

     

Japan:

     

Net sales

   $ 4,794       $ 5,448   

Operating income

   $ 2,240       $ 2,488   

Rest of Asia Pacific:

     

Net sales

   $ 5,448       $ 5,227   

Operating income

   $ 2,032       $ 1,849   

A reconciliation of the Company’s segment operating income to the Condensed Consolidated Statements of Operations for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Segment operating income

   $ 27,645       $ 27,286   

Research and development expense

     (2,404      (1,895

Other corporate expenses, net

     (1,070      (1,145
  

 

 

    

 

 

 

Total operating income

   $ 24,171       $ 24,246   
  

 

 

    

 

 

 

 

21


Table of Contents
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

This section and other parts of this Quarterly Report on Form 10-Q contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. 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. Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed in Part II, Item 1A of this Form 10-Q under the heading “Risk Factors,” which are incorporated herein by reference. The following discussion should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended September 26, 2015 (the “2015 Form 10-K”) filed with the U.S. Securities and Exchange Commission (the “SEC”) and the condensed consolidated financial statements and notes thereto included elsewhere in this Form 10-Q. All information presented herein is based on the Company’s fiscal calendar. Unless otherwise stated, references to particular years, quarters, months or periods refer to the Company’s fiscal years ended in September and the associated quarters, months and periods of those fiscal years. Each of the terms the “Company” and “Apple” as used herein refers collectively to Apple Inc. and its wholly-owned subsidiaries, unless otherwise stated. The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.

Available Information

The Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to reports filed pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are filed with the SEC. The Company is subject to the informational requirements of the Exchange Act and files or furnishes reports, proxy statements, and other information with the SEC. Such reports and other information filed by the Company with the SEC are available free of charge on the Company’s website at investor.apple.com/sec.cfm when such reports are available on the SEC’s website. The public may read and copy any materials filed by the Company with the SEC at the SEC’s Public Reference Room at 100 F Street, NE, Room 1580, Washington, DC 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an internet site that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC at www.sec.gov. The contents of websites are not incorporated into this filing. Further, the Company’s references to website URLs are intended to be inactive textual references only.

Overview and Highlights

Company Background

The Company designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players, and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications. The Company’s products and services include iPhone®, iPad®, Mac®, iPod®, Apple Watch®, Apple TV®, a portfolio of consumer and professional software applications, iOS, OS X®, watchOS™ and tvOS™operating systems, iCloud®, Apple Pay® and a variety of accessory, service and support offerings. The Company sells and delivers digital content and applications through the iTunes Store®, App Store®, Mac App Store, TV App Store, iBooks Store™ and Apple Music™ (collectively “Internet Services”). The Company sells its products worldwide through its retail stores, online stores and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers and value-added resellers. In addition, the Company sells a variety of third-party Apple compatible products, including application software and various accessories through its online and retail stores. The Company sells to consumers, small and mid-sized businesses and education, enterprise and government customers.

Business Strategy

The Company is committed to bringing the best user experience to its customers through its innovative hardware, software and services. The Company’s business strategy leverages its unique ability to design and develop its own operating systems, hardware, application software and services to provide its customers products and solutions with innovative design, superior ease-of-use and seamless integration. As part of its strategy, the Company continues to expand its platform for the discovery and delivery of digital content and applications through its Internet Services, which allows customers to discover and download digital content, iOS, Mac, Apple Watch and Apple TV applications, and books through either a Mac or Windows-based computer or through iPhone, iPad and iPod touch® devices (“iOS devices”) and Apple Watch. The Company also supports a community for the development of third-party software and hardware products and digital content that complement the Company’s offerings. The Company believes a high-quality buying experience with knowledgeable salespersons who can convey the value of the Company’s products and services greatly enhances its ability to attract and retain customers. Therefore, the Company’s strategy also includes building and expanding its own retail and online stores and its third-party distribution network to effectively reach more customers and provide them with a high-quality sales and post-sales support experience. The Company believes ongoing investment in research and development (“R&D”), marketing and advertising is critical to the development and sale of innovative products and technologies.

 

22


Table of Contents

Business Seasonality and Product Introductions

The Company has historically experienced higher net sales in its first quarter compared to other quarters in its fiscal year due in part to seasonal holiday demand. Additionally, new product introductions can significantly impact net sales, product costs and operating expenses. Product introductions can also impact the Company’s net sales to its indirect distribution channels as these channels are filled with new product inventory following a product introduction, and often, channel inventory of a particular product declines as the next related major product launch approaches. Net sales can also be affected when consumers and distributors anticipate a product introduction. However, neither historical seasonal patterns nor historical patterns of product introductions should be considered reliable indicators of the Company’s future pattern of product introductions, future net sales or financial performance.

First Quarter Fiscal 2016 Highlights

Net sales grew 2% or $1.3 billion during the first quarter of 2016 compared to the first quarter of 2015, primarily driven by strong growth in Other Products and in Services, partially offset by lower iPad net sales. Additionally, the effect of weakness in most foreign currencies relative to the U.S. dollar negatively impacted the Company’s net sales. Other Products and Services net sales increased in all of the Company’s reportable operating segments.

During the first quarter of 2016, the Company released OS X El Capitan, its 12th major release of OS X, and its new tvOS™ operating system. Additionally, the Company began shipping iPad Pro and the new Apple TV, and launched its Apple TV App Store.

Sales Data

The following table shows net sales by operating segment and net sales and unit sales by product during the three months ended December 26, 2015 and December 27, 2014 (dollars in millions and units in thousands):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Net Sales by Operating Segment:

        

Americas

   $ 29,325       $ 30,566         (4)%   

Europe

     17,932         17,214         4%   

Greater China

     18,373         16,144         14%   

Japan

     4,794         5,448         (12)%   

Rest of Asia Pacific

     5,448         5,227         4%   
  

 

 

    

 

 

    

Total net sales

   $ 75,872       $ 74,599         2%   
  

 

 

    

 

 

    

Net Sales by Product:

        

iPhone (1)

   $ 51,635       $ 51,182         1%   

iPad (1)

     7,084         8,985         (21)%   

Mac (1)

     6,746         6,944         (3)%   

Services (2)

     6,056         4,799         26%   

Other Products (1)(3)

     4,351         2,689         62%   
  

 

 

    

 

 

    

Total net sales

   $ 75,872       $ 74,599         2%   
  

 

 

    

 

 

    

Unit Sales by Product:

        

iPhone

     74,779         74,468         0%   

iPad

     16,122         21,419         (25)%   

Mac

     5,312         5,519         (4)%   

 

  (1) 

Includes deferrals and amortization of related software upgrade rights and non-software services.

 

 

  (2) 

Includes revenue from Internet Services, AppleCare®, Apple Pay, licensing and other services.

 

 

  (3) 

Includes sales of Apple TV, Apple Watch, Beats® products, iPod and Apple-branded and third-party accessories.

 

 

23


Table of Contents

Product Performance

iPhone

The following table presents iPhone net sales and unit sales information for the first quarter of 2016 and 2015 (dollars in millions and units in thousands):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Net sales

   $ 51,635       $ 51,182         1%   

Percentage of total net sales

     68%         69%      

Unit sales

     74,779         74,468         0%   

iPhone net sales and unit sales during the first quarter of 2016 were slightly higher than the first quarter of 2015. Overall average selling prices (“ASPs”) for iPhone were flat year-over-year.

iPad

The following table presents iPad net sales and unit sales information for the first quarter of 2016 and 2015 (dollars in millions and units in thousands):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Net sales

   $ 7,084       $ 8,985         (21)%   

Percentage of total net sales

     9%         12%      

Unit sales

     16,122         21,419         (25)%   

Net sales and unit sales for iPad declined during the first quarter of 2016 compared to the first quarter of 2015. The Company believes the decline in iPad sales is due in part to a longer repurchase cycle for iPads and some level of cannibalization from the Company’s other products. iPad ASPs increased by 5% year-over-year due primarily to a shift in mix to higher-priced iPads, including iPad Pro, partially offset by the effect of weakness in most foreign currencies relative to the U.S. dollar.

Mac

The following table presents Mac net sales and unit sales information for the first quarter of 2016 and 2015 (dollars in millions and units in thousands):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Net sales

   $ 6,746       $ 6,944         (3)%   

Percentage of total net sales

     9%         9%      

Unit sales

     5,312         5,519         (4)%   

Mac unit sales declined 4% on a year-over-year basis, which was less than the contraction in the overall personal computer market during the same period. Mac ASPs during the first quarter of 2016 were flat compared to the first quarter of 2015.

 

24


Table of Contents

Services

The following table presents net sales information of Services for the first quarter of 2016 and 2015 (dollars in millions):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Net sales

   $ 6,056       $ 4,799         26%   

Percentage of total net sales

     8%         6%      

During the first quarter of 2016, the Company received $548 million from Samsung Electronics Co., Ltd. related to its patent infringement lawsuit, which was recorded as licensing net sales within Services. The remainder of the year-over-year growth in net sales of Services was due primarily to higher App Store and AppleCare sales.

Segment Operating Performance

The Company manages its business primarily on a geographic basis. The Company’s reportable operating segments consist of the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, as well as India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and those Asian countries not included in the Company’s other reportable operating segments. Although, each reportable operating segment provides similar hardware and software products and similar services, they are managed separately to better align with the location of the Company’s customers and distribution partners and the unique market dynamics of each geographic region. Further information regarding the Company’s reportable operating segments can be found in Part I, Item 1 of this Form 10-Q in the Notes to Condensed Consolidated Financial Statements, in Note 11, “Segment Information and Geographic Data.”

Americas

The following table presents Americas net sales information for the first quarter of 2016 and 2015 (dollars in millions):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Net sales

   $ 29,325       $ 30,566         (4)%   

Percentage of total net sales

     39%         41%      

Americas net sales decreased during the first quarter of 2016 compared to the first quarter of 2015 due primarily to lower net sales of iPhone and the effect of weakness in foreign currencies relative to the U.S. dollar, partially offset by an increase in net sales of Other Products.

Europe

The following table presents Europe net sales information for the first quarter of 2016 and 2015 (dollars in millions):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Net sales

   $ 17,932       $ 17,214         4%   

Percentage of total net sales

     24%         23%      

The year-over-year increase in Europe net sales during the first quarter of 2016 was driven primarily by growth in net sales of iPhone, partially offset by the effect of weakness in foreign currencies relative to the U.S. dollar.

 

25


Table of Contents

Greater China

The following table presents Greater China net sales information for the first quarter of 2016 and 2015 (dollars in millions):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Net sales

   $ 18,373       $ 16,144         14%   

Percentage of total net sales

     24%         22%      

The Greater China segment experienced year-over-year growth in net sales during the first quarter of 2016 that was significantly higher than the growth rate for the Company overall. Greater China experienced year-over-year increases in net sales driven primarily by strong iPhone performance, partially offset by the effect of weakness in foreign currencies relative to the U.S. dollar.

Japan

The following table presents Japan net sales information for the first quarter of 2016 and 2015 (dollars in millions):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Net sales

   $ 4,794       $ 5,448         (12)%   

Percentage of total net sales

     6%         7%      

Japan net sales decreased during the first quarter of 2016 compared to the first quarter of 2015 due primarily to lower net sales of iPhone and the effect of weakness in the Japanese yen relative to the U.S. dollar, partially offset by higher net sales of Services.

Rest of Asia Pacific

The following table presents Rest of Asia Pacific net sales information for the first quarter of 2016 and 2015 (dollars in millions):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Net sales

   $ 5,448       $ 5,227         4%   

Percentage of total net sales

     7%         7%      

The year-over-year increase in Rest of Asia Pacific net sales during the first quarter of 2016 primarily reflects higher demand for iPhone, partially offset by the effect of weakness in foreign currencies relative to the U.S. dollar.

 

26


Table of Contents

Gross Margin

Gross margin for the first quarter of 2016 and 2015 was as follows (dollars in millions):

 

                                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Net sales

   $ 75,872       $ 74,599   

Cost of sales

     45,449         44,858   
  

 

 

    

 

 

 

Gross margin

   $ 30,423       $ 29,741   
  

 

 

    

 

 

 

Gross margin percentage

     40.1%         39.9%   

The year-over-year increase in the gross margin percentage during the first quarter of 2016 was driven primarily by a favorable shift in mix to products with higher margins, partially offset by the effect of weakness in most foreign currencies relative to the U.S. dollar.

The Company anticipates gross margin during the second quarter of 2016 to be between 39% and 39.5%. The foregoing statement regarding the Company’s expected gross margin percentage in the second quarter of 2016 is forward-looking and could differ from actual results. The Company’s future gross margins can be impacted by multiple factors including, but not limited to, those set forth in Part II, Item 1A of this Form 10-Q under the heading “Risk Factors” and those described in this paragraph. In general, the Company believes gross margins will remain under downward pressure due to a variety of factors, including continued industry wide global product pricing pressures, increased competition, compressed product life cycles, product transitions, potential increases in the cost of components, and potential strengthening of the U.S. dollar, as well as potential increases in the costs of outside manufacturing services and a potential shift in the Company’s sales mix towards products with lower gross margins. In response to competitive pressures, the Company expects it will continue to take product pricing actions, which would adversely affect gross margins. Gross margins could also be affected by the Company’s ability to manage product quality and warranty costs effectively and to stimulate demand for certain of its products. Due to the Company’s significant international operations, its financial condition and operating results, including gross margins, could be significantly affected by fluctuations in exchange rates.

Operating Expenses

Operating expenses for the first quarter of 2016 and 2015 were as follows (dollars in millions):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Research and development

   $ 2,404       $ 1,895         27%   

Percentage of total net sales

     3%         3%      

Selling, general and administrative

   $ 3,848       $ 3,600         7%   

Percentage of total net sales

     5%         5%      

Total operating expenses

   $ 6,252       $ 5,495         14%   

Percentage of total net sales

     8%         7%      

Research and Development

The year-over-year increase in R&D expense during the first quarter of 2016 was driven primarily by an increase in headcount and related expenses, including share-based compensation costs, and material costs to support expanded R&D activities. The Company continues to believe that focused investments in R&D are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and updated products that are central to the Company’s core business strategy.

Selling, General and Administrative

The year-over-year increase in selling, general and administrative expense during the first quarter of 2016 was due primarily to increased headcount and related expenses, including share-based compensation costs.

 

27


Table of Contents

Other Income/(Expense), Net

Other income/(expense), net for the first quarter of 2016 and 2015 was as follows (dollars in millions):

 

                                                                                                  
     Three Months Ended  
     December 26, 2015      December 27, 2014      Change  

Interest and dividend income

   $ 941       $ 654      

Interest expense

     (276      (131   

Other expense, net

     (263      (353   
  

 

 

    

 

 

    

Total other income/(expense), net

   $ 402       $ 170         136%   
  

 

 

    

 

 

    

The increase in other income/(expense), net during the first quarter of 2016 compared to the first quarter of 2015 was due primarily to lower expenses associated with foreign exchange activity and higher interest income, partially offset by higher interest expense on debt. The weighted-average interest rate earned by the Company on its cash, cash equivalents and marketable securities was 1.65% and 1.41% in the first quarter of 2016 and 2015, respectively.

Provision for Income Taxes

Provision for income taxes and effective tax rates for the first quarter of 2016 and 2015 were as follows (dollars in millions):

 

                                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Provision for income taxes

   $ 6,212       $ 6,392   

Effective tax rate

     25.3%         26.2%   

The Company’s effective tax rates for the first quarter of 2016 and 2015 differ from the statutory federal income tax rate of 35% due primarily to certain undistributed foreign earnings, a substantial portion of which was generated by subsidiaries organized in Ireland, for which no U.S. taxes are provided when such earnings are intended to be indefinitely reinvested outside the U.S. The lower effective tax rate during the first quarter of 2016 compared to the first quarter of 2015 was due primarily to a different geographic mix of earnings as well as the retroactive reinstatement of the U.S. federal R&D tax credit.

The U.S. Internal Revenue Service is currently examining the years 2010 through 2012, and all years prior to 2010 are closed. In addition, the Company is subject to audits by state, local and foreign tax authorities. Management believes that adequate provisions have been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues addressed in the Company’s tax audits are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs.

On June 11, 2014, the European Commission issued an opening decision initiating a formal investigation against Ireland for alleged state aid to the Company. The opening decision concerns the allocation of profits for taxation purposes of the Irish branches of two subsidiaries of the Company. The Company believes the European Commission’s assertions are without merit. If the European Commission were to conclude against Ireland, the European Commission could require Ireland to recover from the Company past taxes covering a period of up to 10 years reflective of the disallowed state aid. While such amount could be material, as of December 26, 2015 the Company is unable to estimate the impact.

Recent Accounting Pronouncements

In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-01, Financial Instruments – Overall (Subtopic 825-10) (“ASU 2016-01”), which updates certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 will be effective for the Company beginning in its first quarter of 2019 and early adoption is not permitted. The Company does not believe the adoption of the new financial instruments standard will have a material impact on its consolidated financial statements.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers.

The original effective date for ASU 2014-09 would have required the Company to adopt beginning in its first quarter of 2018. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) – Deferral of the Effective Date, which defers the effective date of ASU 2014-09 for one year and permits early adoption as early as the original effective date of ASU 2014-09. Accordingly, the Company may adopt the standard in either its first quarter of 2018 or 2019. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company is currently evaluating the timing of its adoption and the impact of adopting the new revenue standard on its consolidated financial statements.

 

28


Table of Contents

Liquidity and Capital Resources

The following tables present selected financial information and statistics as of and during the three months ended December 26, 2015 and September 26, 2015 (in millions):

 

                                                 
     December 26, 2015      September 26, 2015  

Cash, cash equivalents and marketable securities

   $ 215,739       $ 205,666   

Property, plant and equipment, net

   $ 22,300       $ 22,471   

Commercial paper

   $ 7,259       $ 8,499   

Total term debt

   $ 55,704       $ 55,963   

Working capital

   $ 127       $ 8,768   
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Cash generated by operating activities

   $ 27,463       $ 33,722   

Cash used in investing activities

   $ (20,450    $ (21,165

Cash used in financing activities

   $ (11,444    $ (6,923

The Company believes its existing balances of cash, cash equivalents and marketable securities will be sufficient to satisfy its working capital needs, capital asset purchases, outstanding commitments and other liquidity requirements associated with its existing operations over the next 12 months. The Company currently anticipates the cash used for future dividends, the share repurchase program and debt repayments will come from its current domestic cash, cash generated from on-going U.S. operating activities and from borrowings.

As of December 26, 2015 and September 26, 2015, the Company’s cash, cash equivalents and marketable securities held by foreign subsidiaries were $200.1 billion and $186.9 billion, respectively, and are generally based in U.S. dollar-denominated holdings. Amounts held by foreign subsidiaries are generally subject to U.S. income taxation on repatriation to the U.S. The Company’s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer. The policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss.

During the three months ended December 26, 2015, cash generated from operating activities of $27.5 billion was a result of $18.4 billion of net income, non-cash adjustments to net income of $5.6 billion and an increase in the net change in operating assets and liabilities of $3.5 billion. Cash used in investing activities of $20.5 billion during the three months ended December 26, 2015 consisted primarily of cash used for purchases of marketable securities, net of sales and maturities, of $16.1 billion and cash used to acquire property, plant and equipment of $3.6 billion. Cash used in financing activities of $11.4 billion during the three months ended December 26, 2015 consisted primarily of cash used to repurchase common stock of $6.9 billion, and cash used to pay dividends and dividend equivalents of $3.0 billion.

During the three months ended December 27, 2014, cash generated from operating activities of $33.7 billion was a result of $18.0 billion of net income, non-cash adjustments to net income of $5.7 billion and an increase in the net change in operating assets and liabilities of $10.0 billion. Cash used in investing activities of $21.2 billion during the three months ended December 27, 2014 consisted primarily of cash used for purchases of marketable securities, net of sales and maturities, of $17.9 billion and cash used to acquire property, plant and equipment of $3.2 billion. Cash used in financing activities of $6.9 billion during the three months ended December 27, 2014 consisted primarily of cash used to repurchase common stock of $5.0 billion, cash used to pay dividends and dividend equivalents of $2.8 billion and cash used for repayments of commercial paper, net of proceeds, of $2.4 billion, partially offset by proceeds from the issuance of long-term debt of $3.5 billion.

Capital Assets

The Company’s capital expenditures were $2.3 billion during the first quarter of 2016. The Company anticipates utilizing approximately $15.0 billion for capital expenditures during 2016, which includes product tooling and manufacturing process equipment; data centers; corporate facilities and infrastructure, including information systems hardware, software and enhancements; and retail store facilities.

 

29


Table of Contents

Debt

The Company issues unsecured short-term promissory notes (“Commercial Paper”) pursuant to a commercial paper program. The Company uses the net proceeds from the commercial paper program for general corporate purposes, including dividends and share repurchases. As of December 26, 2015, the Company had $7.3 billion of Commercial Paper outstanding, with a weighted-average interest rate of 0.20% and maturities generally less than nine months.

As of December 26, 2015, the Company has outstanding floating- and fixed-rate notes for an aggregate principal amount of $55.5 billion (collectively the “Notes”). The Company has entered, and in the future may enter, into interest rate swaps to manage interest rate risk on the Notes. In addition, the Company has entered, and in the future may enter, into currency swaps to manage foreign currency risk on the Notes.

Further information regarding the Company’s debt issuances and related hedging activity can be found in Part I, Item 1 of this Form 10-Q in the Notes to Condensed Consolidated Financial Statements, in Note 2, “Financial Instruments” and Note 6, “Debt.”

Capital Return Program

In April 2015, the Company’s Board of Directors increased the share repurchase program authorization from $90 billion to $140 billion of the Company’s common stock, increasing the expected total size of the capital return program to $200 billion. The Company expects to execute the capital return program by the end of March 2017 by paying dividends and dividend equivalents, repurchasing shares and remitting withheld taxes related to net share settlement of restricted stock units. To assist in funding its capital return program, the Company expects to continue to access the debt markets, both domestically and internationally. As of December 26, 2015, $110 billion of the share repurchase program has been utilized. The Company’s share repurchase program does not obligate it to acquire any specific number of shares. Under the program, shares may be repurchased in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.

In April 2015, the Company’s Board of Directors raised the quarterly cash dividend by 11%. The Company plans to increase its dividend on an annual basis subject to declaration by the Board of Directors.

The following table presents the Company’s dividends, dividend equivalents, share repurchases and net share settlement activity from the start of the capital return program in August 2012 through December 26, 2015 (in millions):

 

                                                                                                                            
     Dividends and
Dividend
Equivalents
Paid
     Accelerated
Share
Repurchases
     Open Market
Share
Repurchases
     Taxes
Related to
Settlement of
Equity Awards
     Total  

Q1 2016

   $ 2,969       $ 3,000       $ 3,000       $ 597       $ 9,566   

2015

     11,561         6,000         30,026         1,499         49,086   

2014

     11,126         21,000         24,000         1,158         57,284   

2013

     10,564         13,950         9,000         1,082         34,596   

2012

     2,488         0         0         56         2,544   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 38,708       $ 43,950       $ 66,026       $ 4,392       $ 153,076   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Off-Balance Sheet Arrangements and Contractual Obligations

The Company has not entered into any transactions with unconsolidated entities whereby the Company has financial guarantees, subordinated retained interests, derivative instruments, or other contingent arrangements that expose the Company to material continuing risks, contingent liabilities, or any other obligation under a variable interest in an unconsolidated entity that provides financing, liquidity, market risk, or credit risk support to the Company, or engages in leasing, hedging, or R&D services with the Company.

Operating Leases

The Company’s major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options. As of December 26, 2015, the Company had a total of 469 retail stores. Leases for retail space are for terms ranging from five to 20 years, the majority of which are for 10 years, and often contain multi-year renewal options. As of December 26, 2015, the Company’s total future minimum lease payments under noncancelable operating leases were $6.6 billion, of which $3.7 billion related to leases for retail space.

 

30


Table of Contents

Purchase Commitments

The Company utilizes several outsourcing partners to manufacture sub-assemblies for the Company’s products and to perform final assembly and testing of finished products. These outsourcing partners acquire components and build product based on demand information supplied by the Company, which typically covers periods up to 150 days. The Company also obtains individual components for its products from a wide variety of individual suppliers. Consistent with industry practice, the Company acquires components through a combination of purchase orders, supplier contracts, and open orders based on projected demand information. Where appropriate, the purchases are applied to inventory component prepayments that are outstanding with the respective supplier. As of December 26, 2015, the Company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $20.7 billion.

Other Obligations

In addition to the commitments mentioned above, the Company had other off-balance sheet obligations of $7.9 billion as of December 26, 2015 that consisted of commitments to acquire capital assets, including product tooling and manufacturing process equipment, and commitments related to inventory prepayments, advertising, licensing, R&D, internet and telecommunications services, energy and other obligations.

The Company’s other non-current liabilities in the Condensed Consolidated Balance Sheets consist primarily of deferred tax liabilities, gross unrecognized tax benefits and the related gross interest and penalties. As of December 26, 2015, the Company had non-current deferred tax liabilities of $21.6 billion. Additionally, as of December 26, 2015, the Company had gross unrecognized tax benefits of $7.4 billion and an additional $1.4 billion for gross interest and penalties classified as non-current liabilities. At this time, the Company is unable to make a reasonably reliable estimate of the timing of payments due to uncertainties in the timing of tax audit outcomes.

Indemnification

The Company generally does not indemnify end-users of its operating system and application software against legal claims that the software infringes third-party intellectual property rights. Other agreements entered into by the Company sometimes include indemnification provisions under which the Company could be subject to costs and/or damages in the event of an infringement claim against the Company or an indemnified third-party. In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss with respect to indemnification of end-users of its operating system or application software for infringement of third-party intellectual property rights.

The Company offers an iPhone Upgrade Program, which is available to customers who purchase an iPhone 6s and 6s Plus in one of its U.S. physical retail stores and activate the purchased iPhone with one of the four national carriers. The iPhone Upgrade Program provides customers the right to trade in that iPhone for a new iPhone, provided certain conditions are met. One of the conditions of this program requires the customer to finance the initial purchase price of the iPhone with a third-party lender. Upon exercise of the trade-in right and purchase of a new iPhone, the Company satisfies the customer’s outstanding balance due to the third-party lender on the original device. The Company accounts for the trade-in right as a guarantee liability and recognizes arrangement revenue net of the fair value of such right with subsequent changes to the guarantee liability recognized within revenue.

The Company has entered into indemnification agreements with its directors and executive officers. Under these agreements, the Company has agreed to indemnify such individuals to the fullest extent permitted by law against liabilities that arise by reason of their status as directors or officers and to advance expenses incurred by such individuals in connection with related legal proceedings. It is not possible to determine the maximum potential amount of payments the Company could be required to make under these agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each claim. However, the Company maintains directors and officers liability insurance coverage to reduce its exposure to such obligations.

 

31


Table of Contents

Critical Accounting Policies and Estimates

The preparation of financial statements and related disclosures in conformity with U.S. generally accepted accounting principles (“GAAP”) and the Company’s discussion and analysis of its financial condition and operating results require the Company’s management to make judgments, assumptions and estimates that affect the amounts reported in its condensed consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on various other 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. Actual results may differ from these estimates, and such differences may be material.

Note 1, “Summary of Significant Accounting Policies” in Part I, Item 1 of this Form 10-Q and in the Notes to Consolidated Financial Statements in Part II, Item 8 of the 2015 Form 10-K, and “Critical Accounting Policies and Estimates” in Part I, Item 7 of the 2015 Form 10-K describe the significant accounting policies and methods used in the preparation of the Company’s condensed consolidated financial statements. There have been no material changes to the Company’s critical accounting policies and estimates since the 2015 Form 10-K.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

There have been no material changes to the Company’s market risk during the first quarter of 2016. For a discussion of the Company’s exposure to market risk, refer to the Company’s market risk disclosures set forth in Part II, Item 7A, “Quantitative and Qualitative Disclosures About Market Risk” of the 2015 Form 10-K.

 

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Based on an evaluation under the supervision and with the participation of the Company’s management, the Company’s principal executive officer and principal financial officer have concluded that the Company’s disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act were effective as of December 26, 2015 to ensure 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 specified in the SEC rules and forms and (ii) accumulated and communicated to the Company’s management, including its principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There were no changes in the Company’s internal control over financial reporting during the first quarter of 2016, which were identified in connection with management’s evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

32


Table of Contents

PART II—OTHER INFORMATION

 

Item 1. Legal Proceedings

The Company is subject to the legal proceedings and claims discussed below as well as certain other legal proceedings and claims that have not been fully resolved and that have arisen in the ordinary course of business. 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 in excess of a recorded accrual, with respect to loss contingencies for asserted legal and other claims. However, the outcome of legal proceedings and claims brought against the Company is subject to significant uncertainty. Therefore, although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations, the Company’s consolidated financial statements for that reporting period could be materially adversely affected. See the risk factor “The Company could be impacted by unfavorable results of legal proceedings, such as being found to have infringed on intellectual property rights” in Part II, Item 1A of this Form 10-Q under the heading “Risk Factors.” The Company settled certain matters during the first quarter of 2016 that did not individually or in the aggregate have a material impact on the Company’s financial condition or operating results.

Apple eBooks Antitrust Litigation (United States of America v. Apple Inc., et al.)

On April 11, 2012, the U.S. Department of Justice filed a civil antitrust action against the Company and five major book publishers in the U.S. District Court for the Southern District of New York, alleging an unreasonable restraint of interstate trade and commerce in violation of §1 of the Sherman Act and seeking, among other things, injunctive relief, the District Court’s declaration that the Company’s agency agreements with the publishers are null and void and/or the District Court’s reformation of such agreements. On July 10, 2013, the District Court found, following a bench trial, that the Company conspired to restrain trade in violation of §1 of the Sherman Act and relevant state statutes to the extent those laws are congruent with §1 of the Sherman Act. The District Court entered a permanent injunction, which took effect on October 6, 2013 and will be in effect for five years unless the judgment is overturned on appeal. The Company has taken the necessary steps to comply with the terms of the District Court’s order, including renegotiating agreements with the five major eBook publishers, updating its antitrust training program and completing a two-year monitorship with a court-appointed antitrust compliance monitor, whose appointment the District Court ended in October 2015. The Company appealed the District Court’s decision. Pursuant to a settlement agreement reached in June 2014, any damages the Company may be obligated to pay will be determined by the outcome of the final adjudication following exhaustion of all appeals.

 

33


Table of Contents
Item 1A. Risk Factors

The following description of risk factors includes any material changes to, and supersedes the description of, risk factors associated with the Company’s business previously disclosed in Part I, Item 1A of the 2015 Form 10-K under the heading “Risk Factors.” The business, financial condition and operating results of the Company can be affected by a number of factors, whether currently known or unknown, including but not limited to those described below, any one or more of which could, directly or indirectly, cause the Company’s actual financial condition and operating results to vary materially from past, or from anticipated future, financial condition and operating results. Any of these factors, in whole or in part, could materially and adversely affect the Company’s business, financial condition, operating results and stock price.

The following discussion of risk factors contains forward-looking statements. These risk factors may be important to understanding other statements in this Form 10-Q. The following information should be read in conjunction with the condensed consolidated financial statements and related notes in Part I, Item 1, “Financial Statements” and Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this Form 10-Q.

Because of the following factors, as well as other factors affecting the Company’s financial condition and operating results, past financial performance should not be considered to be a reliable indicator of future performance, and investors should not use historical trends to anticipate results or trends in future periods.

Global and regional economic conditions could materially adversely affect the Company.

The Company’s operations and performance depend significantly on global and regional economic conditions. Uncertainty about global and regional economic conditions poses a risk as consumers and businesses may postpone spending in response to tighter credit, higher unemployment, financial market volatility, government austerity programs, negative financial news, declines in income or asset values and/or other factors. These worldwide and regional economic conditions could have a material adverse effect on demand for the Company’s products and services. Demand also could differ materially from the Company’s expectations as a result of currency fluctuations because the Company generally raises prices on goods and services sold outside the U.S. to correspond with the effect of a strengthening of the U.S. dollar. Other factors that could influence worldwide or regional demand include changes in fuel and other energy costs, conditions in the real estate and mortgage markets, unemployment, labor and healthcare costs, access to credit, consumer confidence and other macroeconomic factors affecting consumer spending behavior. These and other economic factors could materially adversely affect demand for the Company’s products and services.

In the event of financial turmoil affecting the banking system and financial markets, additional consolidation of the financial services industry, or significant financial service institution failures, there could be tightening in the credit markets, low liquidity and extreme volatility in fixed income, credit, currency and equity markets. This could have a number of effects on the Company’s business, including the insolvency or financial instability of outsourcing partners or suppliers or their inability to obtain credit to finance development and/or manufacture products resulting in product delays; inability of customers, including channel partners, to obtain credit to finance purchases of the Company’s products; failure of derivative counterparties and other financial institutions; and restrictions on the Company’s ability to issue new debt. Other income and expense also could vary materially from expectations depending on gains or losses realized on the sale or exchange of financial instruments; impairment charges resulting from revaluations of debt and equity securities and other investments; changes in interest rates; increases or decreases in cash balances; volatility in foreign exchange rates; and changes in fair value of derivative instruments. Increased volatility in the financial markets and overall economic uncertainty would increase the risk of the actual amounts realized in the future on the Company’s financial instruments differing significantly from the fair values currently assigned to them.

 

34


Table of Contents

Global markets for the Company’s products and services are highly competitive and subject to rapid technological change, and the Company may be unable to compete effectively in these markets.

The Company’s products and services compete in highly competitive global markets characterized by aggressive price cutting and resulting downward pressure on gross margins, frequent introduction of new products, short product life cycles, evolving industry standards, continual improvement in product price/performance characteristics, rapid adoption of technological and product advancements by competitors and price sensitivity on the part of consumers.

The Company’s ability to compete successfully depends heavily on its ability to ensure a continuing and timely introduction of innovative new products, services and technologies to the marketplace. The Company believes it is unique in that it designs and develops nearly the entire solution for its products, including the hardware, operating system, numerous software applications and related services. As a result, the Company must make significant investments in R&D. The Company currently holds a significant number of patents and copyrights and has registered and/or has applied to register numerous patents, trademarks and service marks. In contrast, many of the Company’s competitors seek to compete primarily through aggressive pricing and very low cost structures, and emulating the Company’s products and infringing on its intellectual property. If the Company is unable to continue to develop and sell innovative new products with attractive margins or if competitors infringe on the Company’s intellectual property, the Company’s ability to maintain a competitive advantage could be adversely affected.

The Company markets certain mobile communication and media devices based on the iOS mobile operating system and also markets related third-party digital content and applications. The Company faces substantial competition in these markets from companies that have significant technical, marketing, distribution and other resources, as well as established hardware, software and digital content supplier relationships; and the Company has a minority market share in the global smartphone market. Additionally, the Company faces significant price competition as competitors reduce their selling prices and attempt to imitate the Company’s product features and applications within their own products or, alternatively, collaborate with each other to offer solutions that are more competitive than those they currently offer. The Company competes with business models that provide content to users for free. The Company also competes with illegitimate means to obtain third-party digital content and applications. Some of the Company’s competitors have greater experience, product breadth and distribution channels than the Company. Because some current and potential competitors have substantial resources and/or experience and a lower cost structure, they may be able to provide products and services at little or no profit or even at a loss. The Company also expects competition to intensify as competitors attempt to imitate the Company’s approach to providing components seamlessly within their individual offerings or work collaboratively to offer integrated solutions. The Company’s financial condition and operating results depend substantially on the Company’s ability to continually improve iOS and iOS devices in order to maintain their functional and design advantages.

The Company is the only authorized maker of hardware using OS X, which has a minority market share in the personal computer market. This market has been contracting and is dominated by computer makers using competing operating systems, most notably Windows. In the market for personal computers and accessories, the Company faces a significant number of competitors, many of which have broader product lines, lower priced products and a larger installed customer base. Historically, consolidation in this market has resulted in larger competitors. Price competition has been particularly intense as competitors selling Windows-based personal computers have aggressively cut prices and lowered product margins. An increasing number of internet-enabled devices that include software applications and are smaller and simpler than traditional personal computers compete for market share with the Company’s existing products. The Company’s financial condition and operating results also depend on its ability to continually improve the Mac platform to maintain its functional and design advantages.

There can be no assurance the Company will be able to continue to provide products and services that compete effectively.

To remain competitive and stimulate customer demand, the Company must successfully manage frequent product introductions and transitions.

Due to the highly volatile and competitive nature of the industries in which the Company competes, the Company must continually introduce new products, services and technologies, enhance existing products and services, effectively stimulate customer demand for new and upgraded products and successfully manage the transition to these new and upgraded products. The success of new product introductions depends on a number of factors including, but not limited to, timely and successful product development, market acceptance, the Company’s ability to manage the risks associated with new product production ramp-up issues, the availability of application software for new products, the effective management of purchase commitments and inventory levels in line with anticipated product demand, the availability of products in appropriate quantities and at expected costs to meet anticipated demand and the risk that new products may have quality or other defects or deficiencies in the early stages of introduction. Accordingly, the Company cannot determine in advance the ultimate effect of new product introductions and transitions.

 

35


Table of Contents

The Company depends on the performance of distributors, carriers and other resellers.

The Company distributes its products through cellular network carriers, wholesalers, national and regional retailers and value-added resellers, many of whom distribute products from competing manufacturers. The Company also sells its products and third-party products in most of its major markets directly to education, enterprise and government customers and consumers and small and mid-sized businesses through its online and retail stores.

Carriers providing cellular network service for iPhone typically subsidize users’ purchases of the device. There is no assurance that such subsidies will be continued at all or in the same amounts upon renewal of the Company’s agreements with these carriers or in agreements the Company enters into with new carriers.

Many resellers have narrow operating margins and have been adversely affected in the past by weak economic conditions. Some resellers have perceived the expansion of the Company’s direct sales as conflicting with their business interests as distributors and resellers of the Company’s products. Such a perception could discourage resellers from investing resources in the distribution and sale of the Company’s products or lead them to limit or cease distribution of those products. The Company has invested and will continue to invest in programs to enhance reseller sales, including staffing selected resellers’ stores with Company employees and contractors, and improving product placement displays. These programs could require a substantial investment while providing no assurance of return or incremental revenue. The financial condition of these resellers could weaken, these resellers could stop distributing the Company’s products, or uncertainty regarding demand for some or all of the Company’s products could cause resellers to reduce their ordering and marketing of the Company’s products.

The Company faces substantial inventory and other asset risk in addition to purchase commitment cancellation risk.

The Company records a write-down for product and component inventories that have become obsolete or exceed anticipated demand or net realizable value and accrues necessary cancellation fee reserves for orders of excess products and components. The Company also reviews its long-lived assets, including capital assets held at its suppliers’ facilities and inventory prepayments, for impairment whenever events or circumstances indicate the carrying amount of an asset may not be recoverable. If the Company determines that impairment has occurred, it records a write-down equal to the amount by which the carrying value of the assets exceeds its fair value. Although the Company believes its provisions related to inventory, capital assets, inventory prepayments and other assets and purchase commitments are currently adequate, no assurance can be given that the Company will not incur additional related charges given the rapid and unpredictable pace of product obsolescence in the industries in which the Company competes.

The Company must order components for its products and build inventory in advance of product announcements and shipments. Consistent with industry practice, components are normally acquired through a combination of purchase orders, supplier contracts and open orders, in each case based on projected demand. Where appropriate, the purchases are applied to inventory component prepayments that are outstanding with the respective supplier. Purchase commitments typically cover forecasted component and manufacturing requirements for periods up to 150 days. Because the Company’s markets are volatile, competitive and subject to rapid technology and price changes, there is a risk the Company will forecast incorrectly and order or produce excess or insufficient amounts of components or products, or not fully utilize firm purchase commitments.

Future operating results depend upon the Company’s ability to obtain components in sufficient quantities.

Because the Company currently obtains components from single or limited sources, the Company is subject to significant supply and pricing risks. Many components, including those that are available from multiple sources, are at times subject to industry-wide shortages and significant commodity pricing fluctuations. While the Company has entered into agreements for the supply of many components, there can be no assurance that the Company will be able to extend or renew these agreements on similar terms, or at all. A number of suppliers of components may suffer from poor financial conditions, which can lead to business failure for the supplier or consolidation within a particular industry, further limiting the Company’s ability to obtain sufficient quantities of components. The effects of global or regional economic conditions on the Company’s suppliers, described in “Global and regional economic conditions could materially adversely affect the Company” above, also could affect the Company’s ability to obtain components. Therefore, the Company remains subject to significant risks of supply shortages and price increases.

The Company and other participants in the markets for mobile communication and media devices and personal computers also compete for various components with other industries that have experienced increased demand for their products. The Company uses some custom components that are not common to the rest of these industries. The Company’s new products 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 manufacturing capacity has increased. Continued availability of these components at acceptable prices, or at all, may be affected for any number of reasons, including if those suppliers decide to concentrate on the production of common components instead of components customized to meet the Company’s requirements. The supply of components for a new or existing product could be delayed or constrained, or a key manufacturing vendor could delay shipments of completed products to the Company.

 

36


Table of Contents

The Company depends on component and product manufacturing and logistical services provided by outsourcing partners, many of which are located outside of the U.S.

Substantially all of the Company’s manufacturing is performed in whole or in part by a few outsourcing partners located primarily in Asia. The Company has also outsourced much of its transportation and logistics management. While these arrangements may lower operating costs, they also reduce the Company’s direct control over production and distribution. It is uncertain what effect such diminished control will have on the quality or quantity of products or services, or the Company’s flexibility to respond to changing conditions. Although arrangements with these partners may contain provisions for warranty expense reimbursement, the Company may remain responsible to the consumer for warranty service in the event of product defects and could experience an unanticipated product defect or warranty liability. While the Company relies on its partners to adhere to its supplier code of conduct, material violations of the supplier code of conduct could occur.

The Company relies on sole-sourced outsourcing partners in the U.S., Asia and Europe to supply and manufacture many critical components, and on outsourcing partners primarily located in Asia, for final assembly of substantially all of the Company’s hardware products. Any failure of these partners to perform may have a negative impact on the Company’s cost or supply of components or finished goods. In addition, manufacturing or logistics in these locations or transit to final destinations may be disrupted for a variety of reasons including, but not limited to, natural and man-made disasters, information technology system failures, commercial disputes, military actions or economic, business, labor, environmental, public health, or political issues.

The Company has invested in manufacturing process equipment, much of which is held at certain of its outsourcing partners, and has made prepayments to certain of its suppliers associated with long-term supply agreements. While these arrangements help ensure the supply of components and finished goods, if these outsourcing partners or suppliers experience severe financial problems or other disruptions in their business, such continued supply could be reduced or terminated and the net realizable value of these assets could be negatively impacted.

The Company’s products and services may experience quality problems from time to time that can result in decreased sales and operating margin and harm to the Company’s reputation.

The Company sells complex hardware and software products and services that can contain design and manufacturing defects. Sophisticated operating system software and applications, such as those sold by the Company, often contain “bugs” that can unexpectedly interfere with the software’s intended operation. The Company’s online services may from time to time experience outages, service slowdowns, or errors. Defects may also occur in components and products the Company purchases from third parties. There can be no assurance the Company will be able to detect and fix all defects in the hardware, software and services it sells. Failure to do so could result in lost revenue, significant warranty and other expenses and harm to the Company’s reputation.

The Company relies on access to third-party digital content, which may not be available to the Company on commercially reasonable terms or at all.

The Company contracts with numerous third parties to offer their digital content to customers. This includes the right to sell currently available music, movies, TV shows and books. The licensing or other distribution arrangements with these third parties are for relatively short terms and do not guarantee the continuation or renewal of these arrangements on reasonable terms, if at all. Some third-party content providers and distributors currently or in the future may offer competing products and services, and could take action to make it more difficult or impossible for the Company to license or otherwise distribute their content in the future. Other content owners, providers or distributors may seek to limit the Company’s access to, or increase the cost of, such content. The Company may be unable to continue to offer a wide variety of content at reasonable prices with acceptable usage rules, or continue to expand its geographic reach. Failure to obtain the right to make available third-party digital content, or to make available such content on commercially reasonable terms, could have a material adverse impact on the Company’s financial condition and operating results.

Some third-party digital content providers require the Company to provide digital rights management and other security solutions. If requirements change, the Company may have to develop or license new technology to provide these solutions. There is no assurance the Company will be able to develop or license such solutions at a reasonable cost and in a timely manner. In addition, certain countries have passed or may propose and adopt legislation that would force the Company to license its digital rights management, which could lessen the protection of content and subject it to piracy and also could negatively affect arrangements with the Company’s content providers.

 

37


Table of Contents

The Company’s future performance depends in part on support from third-party software developers.

The Company believes decisions by customers to purchase its hardware products depend in part on the availability of third-party software applications and services. There is no assurance that third-party developers will continue to develop and maintain software 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.

With respect to its Mac products, the Company believes the availability of third-party software applications and services depends in part on the developers’ perception and analysis of the relative benefits of developing, maintaining and upgrading such software for the Company’s products compared to Windows-based products. This analysis may be based on factors such as the market position of the Company and its products, the anticipated revenue that may be generated, expected future growth of Mac sales and the costs of developing such applications and services. If the Company’s minority share of the global personal computer market causes developers to question the Mac’s prospects, developers could be less inclined to develop or upgrade software for the Company’s Mac products and more inclined to devote their resources to developing and upgrading software for the larger Windows market.

With respect to iOS devices, the Company relies on the continued availability and development of compelling and innovative software applications, which are distributed through a single distribution channel, the App Store. iOS devices are subject to rapid technological change, and, if third-party developers are unable to or choose not to keep up with this pace of change, third-party applications might not successfully operate and may result in dissatisfied customers. As with applications for the Company’s Mac products, the availability and development of these applications also depend on developers’ perceptions and analysis of the relative benefits of developing, maintaining or upgrading software for the Company’s iOS devices rather than its competitors’ platforms, such as Android. If developers focus their efforts on these competing platforms, the availability and quality of applications for the Company’s iOS devices may suffer.

The Company relies on access to third-party intellectual property, which may not be available to the Company on commercially reasonable terms or at all.

Many of the Company’s products include third-party intellectual property, which requires licenses from those third parties. Based on past experience and industry practice, the Company believes such licenses generally can be obtained on reasonable terms. There is, however, no assurance that the necessary licenses can be obtained on acceptable terms or at all. Failure to obtain the right to use third-party intellectual property, or to use such intellectual property on commercially reasonable terms, could preclude the Company from selling certain products or otherwise have a material adverse impact on the Company’s financial condition and operating results.

The Company could be impacted by unfavorable results of legal proceedings, such as being found to have infringed on intellectual property rights.

The Company is subject to various legal proceedings and claims that have not yet been fully resolved and that have arisen in the ordinary course of business, and additional claims may arise in the future.

For example, technology companies, including many of the Company’s competitors, frequently enter into litigation based on allegations of patent infringement or other violations of intellectual property rights. In addition, patent holding companies seek to monetize patents they have purchased or otherwise obtained. As the Company has grown, the intellectual property rights claims against it have increased and may continue to increase. In particular, the Company’s cellular enabled products compete with products from mobile communication and media device companies that hold significant patent portfolios, and the number of patent claims against the Company has significantly increased. The Company is vigorously defending infringement actions in courts in a number of U.S. jurisdictions and before the U.S. International Trade Commission, as well as internationally in various countries. The plaintiffs in these actions frequently seek injunctions and substantial damages.

Regardless of the scope or validity of such patents or other intellectual property rights, or the merits of any claims by potential or actual litigants, the Company may have to engage in protracted litigation. If the Company is found to infringe one or more patents or other intellectual property rights, regardless of whether it can develop non-infringing technology, it may be required to pay substantial damages or royalties to a third-party, or it may be subject to a temporary or permanent injunction prohibiting the Company from marketing or selling certain products.

In certain cases, the Company may consider the desirability of entering into licensing agreements, although no assurance can be given that such licenses can be obtained on acceptable terms or that litigation will not occur. These licenses may also significantly increase the Company’s operating expenses.

 

38


Table of Contents

Regardless of the merit of particular claims, litigation may be expensive, time-consuming, disruptive to the Company’s operations and distracting to management. In recognition of these considerations, the Company may enter into arrangements to settle litigation.

In management’s opinion, there is not at least a reasonable possibility the Company may have incurred a material loss, or a material loss in excess of a recorded accrual, with respect to loss contingencies, including matters related to infringement of intellectual property rights. However, the outcome of litigation is inherently uncertain.

Although management considers the likelihood of such an outcome to be remote, if one or more legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations, the Company’s consolidated financial statements for that reporting period could be materially adversely affected. Further, such an outcome could result in significant compensatory, punitive or trebled monetary damages, disgorgement of revenue or profits, remedial corporate measures or injunctive relief against the Company that could materially adversely affect its financial condition and operating results.

The Company is subject to laws and regulations worldwide, changes to which could increase the Company’s costs and individually or in the aggregate adversely affect the Company’s business.

The Company is subject to laws and regulations affecting its domestic and international operations in a number of areas. These U.S. and foreign laws and regulations affect the Company’s activities including, but not limited to, in areas of labor, advertising, digital content, consumer protection, real estate, billing, e-commerce, promotions, quality of services, telecommunications, mobile communications and media, television, intellectual property ownership and infringement, tax, import and export requirements, anti-corruption, foreign exchange controls and cash repatriation restrictions, data privacy requirements, anti-competition, environmental, health and safety.

By way of example, laws and regulations related to mobile communications and media devices in the many jurisdictions in which the Company operates are extensive and subject to change. Such changes could include, among others, restrictions on the production, manufacture, distribution and use of devices, locking devices to a carrier’s network, or mandating the use of devices on more than one carrier’s network. These devices are also subject to certification and regulation by governmental and standardization bodies, as well as by cellular network carriers for use on their networks. These certification processes are extensive and time consuming, and could result in additional testing requirements, product modifications, or delays in product shipment dates, or could preclude the Company from selling certain products.

Compliance with these laws, regulations and similar requirements may be onerous and expensive, and they may be inconsistent from jurisdiction to jurisdiction, further increasing the cost of compliance and doing business. Any such costs, which may rise in the future as a result of changes in these laws and regulations or in their interpretation, could individually or in the aggregate make the Company’s products and services less attractive to the Company’s customers, delay the introduction of new products in one or more regions, or cause the Company to change or limit its business practices. The Company has implemented policies and procedures designed to ensure compliance with applicable laws and regulations, but there can be no assurance that the Company’s employees, contractors, or agents will not violate such laws and regulations or the Company’s policies and procedures.

The Company’s business is subject to the risks of international operations.

The Company derives a significant portion of its revenue and earnings from its international operations. Compliance with applicable U.S. and foreign laws and regulations, such as import and export requirements, anti-corruption laws, tax laws, foreign exchange controls and cash repatriation restrictions, data privacy requirements, environmental laws, labor laws and anti-competition regulations, increases the costs of doing business in foreign jurisdictions. Although the Company has implemented policies and procedures to comply with these laws and regulations, a violation by the Company’s employees, contractors, or agents could nevertheless occur. Violations of these laws and regulations could materially adversely affect the Company’s brand, international growth efforts and business.

The Company also could be significantly affected by other risks associated with international activities including, but not limited to, economic and labor conditions, increased duties, taxes and other costs and political instability. Margins on sales of the Company’s products in foreign countries, and on sales of products that include components obtained from foreign suppliers, could be materially adversely affected by international trade regulations, including duties, tariffs and antidumping penalties. The Company is also exposed to credit and collectability risk on its trade receivables with customers in certain international markets. There can be no assurance the Company can effectively limit its credit risk and avoid losses.

 

39


Table of Contents

The Company’s retail stores have required and will continue to require a substantial investment and commitment of resources and are subject to numerous risks and uncertainties.

The Company’s retail stores have required substantial investment in equipment and leasehold improvements, information systems, inventory and personnel. The Company also has entered into substantial operating lease commitments for retail space. Certain stores have been designed and built to serve as high-profile venues to promote brand awareness and serve as vehicles for corporate sales and marketing activities. Because of their unique design elements, locations and size, these stores require substantially more investment than the Company’s more typical retail stores. Due to the high cost structure associated with the Company’s retail stores, a decline in sales or the closure or poor performance of individual or multiple stores could result in significant lease termination costs, write-offs of equipment and leasehold improvements and severance costs.

Many factors unique to retail operations, some of which are beyond the Company’s control, pose risks and uncertainties. These risks and uncertainties include, but are not limited to, macro-economic factors that could have an adverse effect on general retail activity, as well as the Company’s inability to manage costs associated with store construction and operation, the Company’s failure to manage relationships with its existing retail partners, more challenging environments in managing retail operations outside the U.S., costs associated with unanticipated fluctuations in the value of retail inventory, and the Company’s inability to obtain and renew leases in quality retail locations at a reasonable cost.

Investment in new business strategies and acquisitions could disrupt the Company’s ongoing business and present risks not originally contemplated.

The 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 liabilities and expenses, inadequate return of capital and unidentified issues not discovered in the Company’s due diligence. These new ventures are inherently risky and may not be successful.

The Company’s business and reputation may be impacted by information technology system failures or network disruptions.

The Company may be subject to information technology system failures and network disruptions. These may be caused by natural disasters, accidents, power disruptions, telecommunications failures, acts of terrorism or war, computer viruses, physical or electronic break-ins, or other events or disruptions. System redundancy may be ineffective or inadequate, and the Company’s disaster recovery planning may not be sufficient for all eventualities. Such failures or disruptions could, among other things, prevent access to the Company’s online stores and services, preclude retail store transactions, compromise Company or customer data, and result in delayed or cancelled orders. System failures and disruptions could also impede the manufacturing and shipping of products, delivery of online services, transactions processing and financial reporting.

There may be breaches of the Company’s information technology systems that materially damage business partner and customer relationships, curtail or otherwise adversely impact access to online stores and services, or subject the Company to significant reputational, financial, legal and operational consequences.

The Company’s business requires it to use and store customer, employee and business partner personally identifiable information (“PII”). This may include, among other information, names, addresses, phone numbers, email addresses, contact preferences, tax identification numbers and payment account information. Although malicious attacks to gain access to PII affect many companies across various industries, the Company is at a relatively greater risk of being targeted because of its high profile and the amount of PII it manages.

The Company requires user names and passwords in order to access its information technology systems. The Company also uses encryption and authentication technologies designed to secure the transmission and storage of data and prevent access to Company data or accounts. As with all companies, these security measures are subject to third-party security breaches, employee error, malfeasance, faulty password management, or other irregularities. For example, third parties may attempt to fraudulently induce employees or customers into disclosing user names, passwords or other sensitive information, which may in turn be used to access the Company’s information technology systems. To help protect customers and the Company, the Company monitors accounts and systems for unusual activity and may freeze accounts under suspicious circumstances, which may result in the delay or loss of customer orders.

 

40


Table of Contents

The Company devotes significant resources to network security, data encryption and other security measures to protect its systems and data, but these security measures cannot provide absolute security. To the extent the Company was to experience a breach of its systems and was unable to protect sensitive data, such a breach could materially damage business partner and customer relationships, and curtail or otherwise adversely impact access to online stores and services. Moreover, if a computer security breach affects the Company’s systems or results in the unauthorized release of PII, the Company’s reputation and brand could be materially damaged, use of the Company’s products and services could decrease, and the Company could be exposed to a risk of loss or litigation and possible liability. While the Company maintains insurance coverage that, subject to policy terms and conditions and subject to a significant self-insured retention, is designed to address certain aspects of cyber risks, such insurance coverage may be insufficient to cover all losses or all types of claims that may arise in the continually evolving area of cyber risk.

The Company’s business is subject to a variety of U.S. and international laws, rules, policies and other obligations regarding data protection.

The Company is subject to federal, state and international laws relating to the collection, use, retention, security and transfer of PII. In many cases, these laws apply not only to third-party transactions, but also to transfers of information between the Company and its subsidiaries, and among the Company, its subsidiaries and other parties with which the Company has commercial relations. Several jurisdictions have passed laws in this area, and other jurisdictions are considering imposing additional restrictions. These laws continue to develop and may be inconsistent from jurisdiction to jurisdiction. Complying with emerging and changing international requirements may cause the Company to incur substantial costs or require the Company to change its business practices. Noncompliance could result in penalties or significant legal liability.

The Company’s privacy policy, which includes related practices concerning the use and disclosure of data, is posted on its website. Any failure by the Company, its suppliers or other parties with whom the Company does business to comply with its posted privacy policy or with other federal, state or international privacy-related or data protection laws and regulations could result in proceedings against the Company by governmental entities or others.

The Company is also subject to payment card association rules and obligations under its contracts with payment card processors. Under these rules and obligations, if information is compromised, the Company could be liable to payment card issuers for associated expenses and penalties. In addition, if the Company fails to follow payment card industry security standards, even if no customer information is compromised, the Company could incur significant fines or experience a significant increase in payment card transaction costs.

The Company’s success depends largely on the continued service and availability of key personnel.

Much of the Company’s future success depends on the continued availability and service of key personnel, including its Chief Executive Officer, executive team and other highly skilled employees. Experienced personnel in the technology industry are in high demand and competition for their talents is intense, especially in Silicon Valley, where most of the Company’s key personnel are located.

The Company’s business may be impacted by political events, war, terrorism, public health issues, natural disasters and other business interruptions.

War, terrorism, geopolitical uncertainties, public health issues and other business interruptions have caused and could cause damage or disruption to international commerce and the global economy, and thus could have a material adverse effect on the Company, its suppliers, logistics providers, manufacturing vendors and customers, including channel partners. The Company’s business operations are subject to interruption by, among others, natural disasters, whether as a result of climate change or otherwise, fire, power shortages, nuclear power plant accidents, terrorist attacks and other hostile acts, labor disputes, public health issues and other events beyond its control. Such events could decrease demand for the Company’s products, make it difficult or impossible for the Company to make and deliver products to its customers, including channel partners, or to receive components from its suppliers, and create delays and inefficiencies in the Company’s supply chain. Should major public health issues, including pandemics, arise, the Company could be adversely affected by more stringent employee travel restrictions, additional limitations in freight services, governmental actions limiting the movement of products between regions, delays in production ramps of new products and disruptions in the operations of the Company’s manufacturing vendors and component suppliers. The majority of the Company’s R&D activities, its corporate headquarters, information technology systems and other critical business operations, including certain component suppliers and manufacturing vendors, are in locations that could be affected by natural disasters. In the event of a natural disaster, the Company could incur significant losses, require substantial recovery time and experience significant expenditures in order to resume operations.

 

41


Table of Contents

The Company expects its quarterly revenue and operating results to fluctuate.

The Company’s profit margins vary across its products and distribution channels. The Company’s software, accessories, and service and support contracts generally have higher gross margins than certain of the Company’s other products. Gross margins on the Company’s hardware products vary across product lines and can change over time as a result of product transitions, pricing and configuration changes, and component, warranty, and other cost fluctuations. The Company’s direct sales generally have higher associated gross margins than its indirect sales through its channel partners. In addition, the Company’s gross margin and operating margin percentages, as well as overall profitability, may be materially adversely impacted as a result of a shift in product, geographic or channel mix, component cost increases, the strengthening U.S. dollar, price competition, or the introduction of new products, including those that have higher cost structures with flat or reduced pricing.

The Company has typically experienced higher net sales in its first quarter compared to other quarters due in part to seasonal holiday demand. Additionally, new product introductions can significantly impact net sales, product costs and operating expenses. Further, the Company generates a majority 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 unexpected developments late in a quarter, such as lower-than-anticipated demand for the Company’s products, issues with new product introductions, an internal systems failure, or failure of one of the Company’s logistics, components supply, or manufacturing partners.

The Company’s stock price is subject to volatility.

The Company’s stock price has experienced substantial price volatility in the past and may continue to do so in the future. Additionally, the Company, the technology industry and the stock market as a whole have experienced extreme stock price and volume fluctuations that have affected stock prices in ways that may have been unrelated to these companies’ operating performance. Price volatility over a given period may cause the average price at which the Company repurchases its own stock to exceed the stock’s price at a given point in time. The Company believes its stock price should reflect expectations of future growth and profitability. The Company also believes its stock price should reflect expectations that its cash dividend will continue at current levels or grow and that its current share repurchase program will be fully consummated. Future dividends are subject to declaration by the Company’s Board of Directors, and the Company’s share repurchase program does not obligate it to acquire any specific number of shares. If the Company fails to meet expectations related to future growth, profitability, dividends, share repurchases or other market expectations, its stock price may decline significantly, which could have a material adverse impact on investor confidence and employee retention.

The Company’s financial performance is subject to risks associated with changes in the value of the U.S. dollar versus local currencies.

The Company’s primary exposure to movements in foreign currency exchange rates relates to non-U.S. dollar-denominated sales and operating expenses worldwide. Weakening of foreign currencies relative to the U.S. dollar adversely affects the U.S. dollar value of the Company’s foreign currency-denominated sales and earnings, and generally leads the Company to raise international pricing, potentially reducing demand for the Company’s products. Margins on sales of the Company’s products in foreign countries and on sales of products that include components obtained from foreign suppliers, could be materially adversely affected by foreign currency exchange rate fluctuations. In some circumstances, for competitive or other reasons, the Company may decide not to raise local prices to fully offset the dollar’s strengthening, or at all, which would adversely affect the U.S. dollar value of the Company’s foreign currency-denominated sales and earnings. Conversely, a strengthening of foreign currencies relative to the U.S. dollar, while generally beneficial to the Company’s foreign currency-denominated sales and earnings, could cause the Company to reduce international pricing and incur losses on its foreign currency derivative instruments, thereby limiting the benefit. Additionally, strengthening of foreign currencies may also increase the Company’s cost of product components denominated in those currencies, thus adversely affecting gross margins.

The Company uses derivative instruments, such as foreign currency forward and option contracts, to hedge certain exposures to fluctuations in foreign currency exchange rates. The use of such hedging activities may not offset any, or more than a portion, of the adverse financial effects of unfavorable movements in foreign exchange rates over the limited time the hedges are in place.

The Company is exposed to credit risk and fluctuations in the market values of its investment portfolio.

Given the global nature of its business, the Company has both domestic and international investments. Credit ratings and pricing of the Company’s investments can be negatively affected by liquidity, credit deterioration, financial results, economic risk, political risk, sovereign risk or other factors. As a result, the value and liquidity of the Company’s cash, cash equivalents and marketable securities may fluctuate substantially. Therefore, although the Company has not realized any significant losses on its cash, cash equivalents and marketable securities, future fluctuations in their value could result in a significant realized loss.

 

42


Table of Contents

The Company is exposed to credit risk on its trade accounts receivable, vendor non-trade receivables and prepayments related to long-term supply agreements, and this risk is heightened during periods when economic conditions worsen.

The Company distributes its products through third-party cellular network carriers, wholesalers, retailers and value-added resellers. The Company also sells its products directly to small and mid-sized businesses and education, enterprise and government customers. A substantial majority of the Company’s outstanding trade receivables are not covered by collateral, third-party financing arrangements or credit insurance. The Company’s exposure to credit and collectability risk on its trade receivables is higher in certain international markets and its ability to mitigate such risks may be limited. The Company also has unsecured vendor non-trade receivables resulting from purchases of components by outsourcing partners and other vendors that manufacture sub-assemblies or assemble final products for the Company. In addition, the Company has made prepayments associated with long-term supply agreements to secure supply of inventory components. As of December 26, 2015, a significant portion of the Company’s trade receivables was concentrated within cellular network carriers, and its vendor non-trade receivables 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 credit risk on its trade and vendor non-trade receivables, as well as long-term prepayments, there can be no assurance such procedures will effectively limit its credit risk and avoid losses.

The Company could be subject to changes in its tax rates, the adoption of new U.S. or international tax legislation or exposure to additional tax liabilities.

The Company is subject to taxes in the U.S. and numerous foreign jurisdictions, including Ireland, where a number of the Company’s subsidiaries are organized. Due to economic and political conditions, tax rates in various jurisdictions may be subject to significant change. The Company’s effective tax rates could be affected by changes in the mix of earnings in countries with differing statutory tax rates, changes in the valuation of deferred tax assets and liabilities, or changes in tax laws or their interpretation, including in the U.S. and Ireland. For example, in June 2014, the European Commission opened a formal investigation of Ireland to examine whether decisions by the tax authorities with regard to the corporate income tax to be paid by two of the Company’s Irish subsidiaries comply with European Union rules on state aid. If the European Commission were to conclude against Ireland, it could require Ireland to recover from the Company past taxes covering a period of up to 10 years reflective of the disallowed state aid, and such amount could be material.

The Company is also subject to the examination of its tax returns and other tax matters by the Internal Revenue Service and other tax authorities and governmental bodies. The Company regularly assesses the likelihood of an adverse outcome resulting from these examinations to determine the adequacy of its provision for taxes. There can be no 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 owed is for an amount in excess of amounts previously accrued, the Company’s financial condition, operating results and cash flows could be adversely affected.

 

43


Table of Contents
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Share repurchase activity during the three months ended December 26, 2015 was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts):

 

                                                                                                   

Periods

   Total Number
of Shares
Purchased
    Average
Price Paid
Per Share
     Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
     Approximate Dollar
Value of Shares
That May Yet Be
Purchased Under
the Plans or
Programs (1)
 

September 27, 2015 to October 31, 2015:

          

Open market and privately negotiated purchases

     12,638      $ 112.58         12,638          

November 1, 2015 to November 28, 2015:

          

November 2015 ASR

     20,382  (2)      (2)         20,382 (2)      

Open market and privately negotiated purchases

     13,346      $ 118.18         13,346          

    

          

November 29, 2015 to December 26, 2015:

          

Open market and privately negotiated purchases

     0      $ 0         0          
  

 

 

         

Total

     46,366            $ 30,024   
  

 

 

         

 

 

 

 

  (1)

In 2012, the Company’s Board of Directors authorized a program to repurchase up to $10 billion of the Company’s common stock beginning in 2013. The Company’s Board of Directors increased the authorization to repurchase the Company’s common stock to $60 billion in April 2013, to $90 billion in April 2014 and to $140 billion in April 2015. As of December 26, 2015, $110 billion of the $140 billion had been utilized. The remaining $30 billion in the table represents the amount available to repurchase shares under the authorized repurchase program as of December 26, 2015. The Company’s share repurchase program does not obligate it to acquire any specific number 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 Exchange Act.

 

 

  (2)

In November 2015, the Company entered into an accelerated share repurchase arrangement (“ASR”) to purchase up to $3.0 billion of the Company’s common stock. In exchange for an up-front payment of $3.0 billion, the financial institution committed to deliver shares during the ASR’s purchase period, which will end in or before April 2016. The total number of shares ultimately delivered, and therefore the average price paid per share, will be determined at the end of the purchase period based on the volume-weighted average price of the Company’s common stock during that period. During the first quarter of 2016, 20.4 million shares were delivered and retired under the November 2015 ASR, and the final number of shares to be delivered will be determined at the conclusion of the purchase period.

 

 

Item 3. Defaults Upon Senior Securities

None.

 

Item 4. Mine Safety Disclosures

Not applicable.

 

Item 5. Other Information

None.

 

44


Table of Contents
Item 6. Exhibits

Index to Exhibits

 

         

Incorporated by Reference

Exhibit

Number

  

Exhibit Description

  

Form

  

Exhibit

  

Filing Date/

Period End

Date

3.2

  

Amended and Restated Bylaws of the Registrant effective as of

December 21, 2015.

   8-K    3.2    12/22/15

10.15*, **

   Form of Restricted Stock Unit Award Agreement under the 1997 Director Stock Plan as of November 17, 2015.         

31.1**

   Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer.         

31.2**

   Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer.         

32.1***

   Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer.         

101.INS**

   XBRL Instance Document.         

101.SCH**

   XBRL Taxonomy Extension Schema Document.         

101.CAL**

   XBRL Taxonomy Extension Calculation Linkbase Document.         

101.DEF**

   XBRL Taxonomy Extension Definition Linkbase Document.         

101.LAB**

   XBRL Taxonomy Extension Label Linkbase Document.         

101.PRE**

   XBRL Taxonomy Extension Presentation Linkbase Document.         

 

  *

Indicates management contract or compensatory plan or arrangement.

 

 

  **

Filed herewith.

 

 

  ***

Furnished herewith.

 

 

45


Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

    Apple Inc.
January 27, 2016     By:    /s/ Luca Maestri
     

Luca Maestri

Senior Vice President,

Chief Financial Officer

 

46

Exhibit 10.15

APPLE INC.
1997 DIRECTOR STOCK PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

NOTICE OF GRANT

 

Name:

(the “Non-Employee Director”)

Grant Number:

No. of Units Subject to Award:

 

Award Date:

(the “Award Date”)

Vesting Schedule: Fully vested on the February 1 that occurs in the fiscal year following the fiscal year in which the Award was granted

This restricted stock unit award (the “Award”) is granted under and governed by the terms and conditions of the Apple Inc. 1997 Director Stock Plan and the Terms and Conditions of Restricted Stock Unit Award, which are attached hereto and incorporated herein by reference.

You do not have to accept the Award. If you wish to decline your Award, you should promptly notify Apple Inc.’s Stock Plan Group of your decision at [email protected]. If you do not provide such notification within thirty (30) days after the Award Date, you will be deemed to have accepted your Award on the terms and conditions set forth herein.


TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AWARD

1.    General. These Terms and Conditions of Restricted Stock Unit Award (these “Terms”) apply to a particular restricted stock unit award (the “Award”) granted by Apple Inc., a California corporation (the “Company”), and are incorporated by reference in the Notice of Grant (the “Grant Notice”) corresponding to that particular grant. The recipient of the Award identified in the Grant Notice is referred to as the “Non-Employee Director.” The effective date of grant of the Award as set forth in the Grant Notice is referred to as the “Award Date.” The Award was granted under and is subject to the provisions of the Apple Inc. 1997 Director Stock Plan (the “Plan”). Capitalized terms are defined in the Plan if not defined herein. The Award has been granted to the Non-Employee Director in addition to, and not in lieu of, any other form of compensation otherwise payable or to be paid to the Non-Employee Director. The Grant Notice and these Terms are collectively referred to as the “Award Agreement” applicable to the Award.

2.    Stock Units. As used herein, the term “Stock Unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Company’s Common Stock (“Share”) solely for purposes of the Plan and this Award Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Non-Employee Director if such Stock Units vest pursuant to this Award Agreement. The Stock Units shall not be treated as property or as a trust fund of any kind.

3.    Vesting. Subject to Section 8 below, the Award shall vest and become nonforfeitable as set forth in the Grant Notice. (The vesting date set forth in the Grant Notice is referred to herein as the “Vesting Date.”)

4.    Continuance of Service. The vesting schedule requires continued service as a member of the Board through the Vesting Date as a condition to the vesting of the Award and the rights and benefits under this Award Agreement. Service as a member of the Board for only a portion of the vesting period, even if a substantial portion, will not entitle the Non-Employee Director to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of service as provided in Section 8 below and in the Plan.

Nothing contained in this Award Agreement or the Plan shall be deemed to create any obligation on the part of the Board to nominate any of its members for reelection by the Company’s shareholders, nor confer upon the Non-Employee Director the right to remain a member of the Board for any period of time, or at any particular rate of compensation. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Non-Employee Director without his consent thereto.

5.    Dividend and Voting Rights.

(a)   Limitations on Rights Associated with Stock Units. The Non-Employee Director shall have no rights as a shareholder of the Company, no dividend rights (except as expressly provided in Section 5(b) with respect to Dividend Equivalent Rights) and no

 

2


voting rights, with respect to the Stock Units or any Shares underlying or issuable in respect of such Stock Units until such Shares are actually issued to and held of record by the Non-Employee Director. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date upon which the Non-Employee Director will become the holder of record thereof.

(b)   Dividend Equivalent Rights Distributions. As of any date that the Company pays an ordinary cash dividend on its Common Stock, the Company shall credit the Non-Employee Director with a dollar amount equal to (i) the per share cash dividend paid by the Company on its Common Stock on such date, multiplied by (ii) the total number of Stock Units (with such total number adjusted pursuant to Section 8 of the Plan) subject to the Award that are outstanding immediately prior to the record date for that dividend (a “Dividend Equivalent Right”). Any Dividend Equivalent Rights credited pursuant to the foregoing provisions of this Section 5(b) shall be subject to the same vesting, payment and other terms, conditions and restrictions as the original Stock Units to which they relate; provided, however, that the amount of any vested Dividend Equivalent Rights shall be paid in cash. No crediting of Dividend Equivalent Rights shall be made pursuant to this Section 5(b) with respect to any Stock Units which, immediately prior to the record date for that dividend, have either been paid pursuant to Section 7 or terminated pursuant to Section 8.

6.    Restrictions on Transfer. Except as provided in Section 6 of the Plan, neither the Award, nor any interest therein or amount or Shares payable in respect thereof may be sold, assigned, transferred, pledged or otherwise disposed of, alienated or encumbered, either voluntarily or involuntarily.

7.    Timing and Manner of Payment of Stock Units. On or as soon as administratively practical following the Vesting Date (and in all events not later than two and one-half (2  12) months after the Vesting Date), the Company shall deliver to the Non-Employee Director a number of Shares (as evidenced by an appropriate entry on the books of the Company or a duly authorized transfer agent of the Company) equal to the number of Stock Units subject to the Award that vest on the Vesting Date, unless such Stock Units terminate prior to the Vesting Date pursuant to Section 8. The Non-Employee Director shall have no further rights with respect to any Stock Units that are so paid.

8.    Effect of Termination of Service. If the Non-Employee Director ceases to serve as a member of the Board for any reason, the Stock Units (as well as the related Dividend Equivalent Rights) shall terminate to the extent such units have not become vested prior to the first date the Non-Employee Director is no longer a member of the Board, and the Non-Employee Director will have no rights with respect to, or in respect of, such terminated Stock Units.

9.    Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 8 of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Board shall make adjustments in accordance with such section in the number of Stock Units then outstanding and the number and type of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which Dividend Equivalent Rights are credited pursuant to Section 5(b).

 

3


10.  Responsibility for Taxes. The Non-Employee Director agrees to report and pay any and all income tax, social insurance, or payroll taxes (“Tax-Related Items”) that arise as a result of the grant, vesting or settlement of the Award, the subsequent sale of any Shares acquired at vesting and the receipt of any dividends and/or Dividend Equivalent Rights. The Company is not responsible for withholding with regard to the Tax-Related Items. However, the Company reserves the right to withhold any Tax-Related Items to the extent circumstances change and it is required to do so. In this regard, the Non-Employee Director authorizes the Company, at its discretion and pursuant to such procedures as it may specify from time to time, to satisfy any Tax-Related Items withholding obligations that are legally required to be paid by the Non-Employee Director by one or a combination of the following methods: (a) withholding from cash amounts otherwise distributable to the Non-Employee Director by the Company; (b) withholding otherwise deliverable Shares and/or from otherwise payable Dividend Equivalent Rights to be issued or paid upon vesting/settlement of the Award (c) arranging for the sale of Shares otherwise deliverable to the Non-Employee Director (on the Non-Employee Director’s behalf and at the Non-Employee Director’s direction pursuant to this authorization), including selling Shares as part of a block trade with other participants in the Plan or other plans of the Company; or (d) withholding from the proceeds of the sale of Shares acquired upon vesting/settlement of the Award. The Company may refuse to distribute the Shares or other property credited to the Non-Employee Director if the Non-Employee Director fails to comply with his or her obligations in connection with the Tax-Related Items as described in this Section 10.

11.  Electronic Delivery and Acceptance. The Company may, in its sole discretion, deliver any documents related to the Award by electronic means or request the Non-Employee Director’s consent to participate in the Plan by electronic means. The Non-Employee Director hereby consents to receive all applicable documentation by electronic delivery and to participate in the Plan through an on-line (and/or voice activated) system established and maintained by the Company or a third party vendor designated by the Company.

12.  Data Privacy. The Non-Employee Director acknowledges and consents to the collection, use, processing and transfer of personal data as described in this Section 12. The Company, and its related entities, hold certain personal information about the Non-Employee Director, including the Non-Employee Director’s name, home address and telephone number, date of birth, social security number or other identification number, compensation, nationality, job title, any Shares or directorships held in the Company, details of all options or any other entitlement to Shares awarded, canceled, purchased, vested, unvested or outstanding in the Non-Employee Director’s favor, for the purpose of managing and administering the Plan (“Data”). The Company and its related entities may transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of the Non-Employee Director’s participation in the Plan, and the Company and its related entities may each further transfer Data to any third parties assisting the Company or any such related entity in the implementation, administration and management of the Plan. The Non-Employee Director acknowledges that the transferors and transferees of such Data may be located anywhere in the world and hereby authorizes each of them to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Non-Employee Director’s participation in the Plan, including any transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of Shares on the Non-Employee Director’s behalf to a broker or to other third party with whom the Non-Employee Director may

 

4


elect to deposit any Shares acquired under the Plan (whether pursuant to the Award or otherwise).

13.  Notices. Any notice to be given under the terms of this Award Agreement shall be in writing and addressed to the Company at its principal office to the attention of the Secretary, and to the Non-Employee Director at the Non-Employee Director’s last address reflected on the Company’s records, or at such other address as either party may hereafter designate in writing to the other. Any such notice shall be given only when received, but if the Non-Employee Director is no longer a member of the Board, shall be deemed to have been duly given by the Company when enclosed in a properly sealed envelope addressed as aforesaid, registered or certified, and deposited (postage and registry or certification fee prepaid) in a post office or branch post office regularly maintained by the United States Government.

14.  Plan. The Award and all rights of the Non-Employee Director under this Award Agreement are subject to the terms and conditions of the provisions of the Plan, incorporated herein by reference. The Non-Employee Director agrees to be bound by the terms of the Plan and this Award Agreement. The Non-Employee Director acknowledges having read and understood the Plan and this Award Agreement. Unless otherwise expressly provided in other sections of this Award Agreement, provisions of the Plan that confer discretionary authority on the Board do not (and shall not be deemed to) create any rights in the Non-Employee Director unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board so conferred by appropriate action of the Board under the Plan after the date hereof.

15.  Entire Agreement. This Award Agreement and the Plan together constitute the entire agreement and supersede all prior understandings and agreements, written or oral, of the parties hereto with respect to the subject matter hereof. The Plan and this Award Agreement may be amended pursuant to Section 10 of the Plan. Such amendment must be in writing and signed by the Company. The Company may, however, unilaterally waive any provision hereof in writing to the extent such waiver does not adversely affect the interests of the Non-Employee Director hereunder, but no such waiver shall operate as or be construed to be a subsequent waiver of the same provision or a waiver of any other provision hereof.

16.  Limitation on the Non-Employee Director’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Award Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Non-Employee Director shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the Stock Units, and rights no greater than the right to receive the Common Stock as a general unsecured creditor with respect to Stock Units, as and when payable hereunder.

17.  Counterparts. This Award Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

18.  Section Headings. The section headings of this Award Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof.

 

5


19.  Governing Law. This Award Agreement shall be governed by and construed and enforced in accordance with the laws of the State of California without regard to conflict of law principles thereunder.

20.  Choice of Venue. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant or this Award Agreement, the parties hereby submit to the exclusive jurisdiction of the State of California and agree that such litigation shall be conducted only in the courts of Santa Clara County, California, or the federal courts for the Northern District of California, and no other courts, where this grant is made and/or to be performed.

21.  Construction. It is intended that the terms of the Award will not result in the imposition of any tax liability pursuant to Section 409A of the Code. This Award Agreement shall be construed and interpreted consistent with that intent.

22.  Severability. The provisions of this Award Agreement are severable and if any one of more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

23.  Imposition of Other Requirements. The Company reserves the right to impose other requirements on the Non-Employee Director’s participation in the Plan, on the Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Non-Employee Director to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

 

6

Exhibit 31.1

CERTIFICATION

I, Timothy D. Cook, certify that:

 

1.

I have reviewed this quarterly report on Form 10-Q of Apple Inc.;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading 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 material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

 

4.

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 defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed 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 which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  (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 report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

 

5.

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 performing the equivalent functions):

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: January 27, 2016

By:   /s/ Timothy D. Cook
 

Timothy D. Cook

 

Chief Executive Officer

Exhibit 31.2

CERTIFICATION

I, Luca Maestri, certify that:

 

1.

I have reviewed this quarterly report on Form 10-Q of Apple Inc.;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading 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 material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

 

4.

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 defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed 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 which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  (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 report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

 

5.

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 performing the equivalent functions):

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: January 27, 2016

By:   /s/ Luca Maestri
 

Luca Maestri

 

Senior Vice President,

 

Chief Financial Officer

Exhibit 32.1

CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, 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 Sarbanes-Oxley Act of 2002, that the Quarterly Report of Apple Inc. on Form 10-Q for the period ended December 26, 2015 fully 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-Q fairly presents in all material respects the financial condition and results of operations of Apple Inc. at the dates and for the periods indicated.

Date: January 27, 2016

By:   /s/ Timothy D. Cook
 

Timothy D. Cook

 

Chief Executive Officer

I, Luca Maestri, certify, as of the date hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Apple Inc. on Form 10-Q for the period ended December 26, 2015 fully 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-Q fairly presents in all material respects the financial condition and results of operations of Apple Inc. at the dates and for the periods indicated.

Date: January 27, 2016

By:   /s/ Luca Maestri
 

Luca Maestri

 

Senior Vice President,

 

Chief Financial Officer

v3.3.1.900
Document and Entity Information - shares
shares in Thousands
3 Months Ended
Dec. 26, 2015
Jan. 08, 2016
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Dec. 26, 2015  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q1  
Trading Symbol AAPL  
Entity Registrant Name APPLE INC  
Entity Central Index Key 0000320193  
Current Fiscal Year End Date --09-24  
Entity Filer Category Large Accelerated Filer  
Entity Common Stock, Shares Outstanding   5,544,583
v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Net sales $ 75,872 $ 74,599
Cost of sales 45,449 44,858
Gross margin 30,423 29,741
Operating expenses:    
Research and development 2,404 1,895
Selling, general and administrative 3,848 3,600
Total operating expenses 6,252 5,495
Operating income 24,171 24,246
Other income/(expense), net 402 170
Income before provision for income taxes 24,573 24,416
Provision for income taxes 6,212 6,392
Net income $ 18,361 $ 18,024
Earnings per share:    
Basic $ 3.30 $ 3.08
Diluted $ 3.28 $ 3.06
Shares used in computing earnings per share:    
Basic 5,558,930 5,843,082
Diluted 5,594,127 5,881,803
Cash dividends declared per share $ 0.52 $ 0.47
v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Net income $ 18,361 $ 18,024
Other comprehensive income/(loss):    
Change in foreign currency translation, net of tax (102) (66)
Change in unrealized gains/losses on derivative instruments:    
Change in fair value of derivatives, net of tax 287 1,982
Adjustment for net (gains)/losses realized and included in net income, net of tax (445) (565)
Total change in unrealized gains/losses on derivative instruments, net of tax (158) 1,417
Change in unrealized gains/losses on marketable securities:    
Change in fair value of marketable securities, net of tax (922) (456)
Adjustment for net (gains)/losses realized and included in net income, net of tax 47 (14)
Total change in unrealized gains/losses on marketable securities, net of tax (875) (470)
Total other comprehensive income/(loss) (1,135) 881
Total comprehensive income $ 17,226 $ 18,905
v3.3.1.900
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 26, 2015
Sep. 26, 2015
Current assets:    
Cash and cash equivalents $ 16,689 $ 21,120
Short-term marketable securities 21,385 20,481
Accounts receivable, less allowances of $63 in each period 12,953 16,849
Inventories 2,451 2,349
Vendor non-trade receivables 11,668 13,494
Other current assets 11,073 15,085
Total current assets 76,219 89,378
Long-term marketable securities 177,665 164,065
Property, plant and equipment, net 22,300 22,471
Goodwill 5,202 5,116
Acquired intangible assets, net 3,924 3,893
Other non-current assets 7,974 5,556
Total assets 293,284 290,479
Current liabilities:    
Accounts payable 33,312 35,490
Accrued expenses 24,032 25,181
Deferred revenue 8,989 8,940
Commercial paper 7,259 8,499
Current portion of long-term debt 2,500 2,500
Total current liabilities 76,092 80,610
Deferred revenue, non-current 3,546 3,624
Long-term debt 53,204 53,463
Other non-current liabilities 32,175 33,427
Total liabilities $ 165,017 $ 171,124
Commitments and contingencies
Shareholders' equity:    
Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,544,487 and 5,578,753 shares issued and outstanding, respectively $ 28,253 $ 27,416
Retained earnings 101,494 92,284
Accumulated other comprehensive income/(loss) (1,480) (345)
Total shareholders' equity 128,267 119,355
Total liabilities and shareholders' equity $ 293,284 $ 290,479
v3.3.1.900
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 26, 2015
Sep. 26, 2015
Accounts receivable, allowances $ 63 $ 63
Common stock, par value $ 0.00001 $ 0.00001
Common stock, shares authorized 12,600,000,000 12,600,000,000
Common stock, shares issued 5,544,487,000 5,578,753,000
Common stock, shares outstanding 5,544,487,000 5,578,753,000
v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Cash and cash equivalents, beginning of the period $ 21,120 $ 13,844
Operating activities:    
Net income 18,361 18,024
Adjustments to reconcile net income to cash generated by operating activities:    
Depreciation and amortization 2,954 2,575
Share-based compensation expense 1,078 888
Deferred income tax expense 1,592 2,197
Changes in operating assets and liabilities:    
Accounts receivable, net 3,896 751
Inventories (102) (172)
Vendor non-trade receivables 1,826 (3,508)
Other current and non-current assets (893) (1,648)
Accounts payable (852) 9,003
Deferred revenue (29) 945
Other current and non-current liabilities (368) 4,667
Cash generated by operating activities 27,463 33,722
Investing activities:    
Purchases of marketable securities (47,836) (44,915)
Proceeds from maturities of marketable securities 3,514 2,807
Proceeds from sales of marketable securities 28,262 24,166
Payments made in connection with business acquisitions, net (86) (23)
Payments for acquisition of property, plant and equipment (3,612) (3,217)
Payments for acquisition of intangible assets (394) (48)
Other (298) 65
Cash used in investing activities (20,450) (21,165)
Financing activities:    
Proceeds from issuance of common stock 1 80
Excess tax benefits from equity awards 224 264
Payments for taxes related to net share settlement of equity awards (597) (512)
Payments for dividends and dividend equivalents (2,969) (2,801)
Repurchase of common stock (6,863) (5,030)
Proceeds from issuance of term debt, net 0 3,485
Change in commercial paper, net (1,240) (2,409)
Cash used in financing activities (11,444) (6,923)
Increase/(decrease) in cash and cash equivalents (4,431) 5,634
Cash and cash equivalents, end of the period 16,689 19,478
Supplemental cash flow disclosure:    
Cash paid for income taxes, net 3,398 3,869
Cash paid for interest $ 396 $ 202
v3.3.1.900
Summary of Significant Accounting Policies
3 Months Ended
Dec. 26, 2015
Summary of Significant Accounting Policies

Note 1 – Summary of Significant Accounting Policies

Apple Inc. and its wholly-owned subsidiaries (collectively “Apple” or the “Company”) designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players, and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications. The Company sells its products worldwide through its retail stores, online stores and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers and value-added resellers. In addition, the Company sells a variety of third-party Apple-compatible products, including application software and various accessories through its online and retail stores. The Company sells to consumers, small and mid-sized businesses and education, enterprise and government customers.

Basis of Presentation and Preparation

The accompanying condensed consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated. In the opinion of the Company’s management, the condensed consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation. The preparation of these condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current period’s presentation.

These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and the notes thereto included in its Annual Report on Form 10-K for the fiscal year ended September 26, 2015 (the “2015 Form 10-K”). The Company’s fiscal year is the 52 or 53-week period that ends on the last Saturday of September. An additional week is included in the first fiscal quarter approximately every six years to realign fiscal quarters with calendar quarters. The Company’s fiscal years 2016 and 2015 each include 52 weeks. Unless otherwise stated, references to particular years, quarters or months refer to the Company’s fiscal years ended in September and the associated quarters or months of those fiscal years.

During the first quarter of 2016, the Company adopted an accounting standard that simplified the presentation of deferred taxes by requiring deferred tax assets and liabilities be classified as noncurrent in a classified statement of financial position. The Company has adopted this accounting standard prospectively; accordingly, the prior period amounts in the Company’s Condensed Consolidated Balance Sheets within this Quarterly Report on Form 10-Q were not adjusted to conform to the new accounting standard. The adoption of this accounting standard was not material to the Company’s condensed consolidated financial statements.

 

Earnings Per Share

Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options, shares to be purchased under the Company’s employee stock purchase plan, unvested restricted stock and unvested restricted stock units (“RSUs”). The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, an increase in the fair market value of the Company’s common stock can result in a greater dilutive effect from potentially dilutive securities.

The following table shows the computation of basic and diluted earnings per share for the three months ended December 26, 2015 and December 27, 2014 (net income in millions and shares in thousands):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Numerator:

     

Net income

   $ 18,361       $ 18,024   

Denominator:

     

Weighted-average shares outstanding

     5,558,930         5,843,082   

Effect of dilutive securities

     35,197         38,721   
  

 

 

    

 

 

 

Weighted-average diluted shares

     5,594,127         5,881,803   
  

 

 

    

 

 

 

Basic earnings per share

   $ 3.30       $ 3.08   

Diluted earnings per share

   $ 3.28       $ 3.06   

Potentially dilutive securities whose effect would have been antidilutive are excluded from the computation of diluted earnings per share.

v3.3.1.900
Financial Instruments
3 Months Ended
Dec. 26, 2015
Financial Instruments

Note 2 – Financial Instruments

Cash, Cash Equivalents and Marketable Securities

The following tables show the Company’s cash and available-for-sale securities’ adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or short- or long-term marketable securities as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                                                           
    December 26, 2015  
    Adjusted
Cost
    Unrealized
Gains
    Unrealized
Losses
    Fair
Value
    Cash and
Cash
Equivalents
    Short-Term
Marketable
Securities
    Long-Term
Marketable
Securities
 

Cash

  $ 11,152      $ 0      $ 0      $ 11,152      $ 11,152      $ 0      $ 0   

    

             

Level 1 (1):

             

Money market funds

    3,517        0        0        3,517        3,517        0        0   

Mutual funds

    1,772        0        (206     1,566        0        1,566        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    5,289        0        (206     5,083        3,517        1,566        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Level 2 (2):

             

U.S. Treasury securities

    40,739        43        (108     40,674        203        1,602        38,869   

U.S. agency securities

    5,307        2        (10     5,299        469        865        3,965   

Non-U.S. government securities

    6,530        31        (201     6,360        0        454        5,906   

Certificates of deposit and time deposits

    2,986        0        0        2,986        258        1,424        1,304   

Commercial paper

    2,236        0        0        2,236        1,089        895        252   

Corporate securities

    125,000        132        (1,684     123,448        1        14,463        108,984   

Municipal securities

    946        3        (1     948        0        28        920   

Mortgage- and asset-backed securities

    17,635        23        (105     17,553        0        88        17,465   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    201,379        234        (2,109     199,504        2,020        19,819        177,665   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Total

  $ 217,820      $ 234      $ (2,315   $ 215,739      $ 16,689      $ 21,385      $ 177,665   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                                                                                                                           
    September 26, 2015  
    Adjusted
Cost
    Unrealized
Gains
    Unrealized
Losses
    Fair
Value
    Cash and
Cash
Equivalents
    Short-Term
Marketable
Securities
    Long-Term
Marketable
Securities
 

Cash

  $ 11,389      $ 0      $ 0      $ 11,389      $ 11,389      $ 0      $ 0   

    

             

Level 1 (1):

             

Money market funds

    1,798        0        0        1,798        1,798        0        0   

Mutual funds

    1,772        0        (144     1,628        0        1,628        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    3,570        0        (144     3,426        1,798        1,628        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Level 2 (2):

             

U.S. Treasury securities

    34,902        181        (1     35,082        0        3,498        31,584   

U.S. agency securities

    5,864        14        0        5,878        841        767        4,270   

Non-U.S. government securities

    6,356        45        (167     6,234        43        135        6,056   

Certificates of deposit and time deposits

    4,347        0        0        4,347        2,065        1,405        877   

Commercial paper

    6,016        0        0        6,016        4,981        1,035        0   

Corporate securities

    116,908        242        (985     116,165        3        11,948        104,214   

Municipal securities

    947        5        0        952        0        48        904   

Mortgage- and asset-backed securities

    16,121        87        (31     16,177        0        17        16,160   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    191,461        574        (1,184     190,851        7,933        18,853        164,065   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Total

  $ 206,420      $ 574      $ (1,328   $ 205,666      $ 21,120      $ 20,481      $ 164,065   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

  (1) 

The fair value of Level 1 securities is estimated based on quoted prices in active markets for identical assets or liabilities.

 

 

  (2) 

The fair value of Level 2 securities is estimated based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

 

The Company may sell certain of its marketable securities prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. The maturities of the Company’s long-term marketable securities generally range from one to five years.

As of December 26, 2015, the Company considers the declines in market value of its marketable securities investment portfolio to be temporary in nature and does not consider any of its investments other-than-temporarily impaired. The Company typically invests in highly-rated securities, and its investment policy generally limits the amount of credit exposure to any one issuer. The policy generally requires investments to be investment grade, with the primary objective of minimizing the potential risk of principal loss. Fair values were determined for each individual security in the investment portfolio. When evaluating an investment for other-than-temporary impairment the Company reviews factors such as the length of time and extent to which fair value has been below its cost basis, the financial condition of the issuer and any changes thereto, changes in market interest rates and the Company’s intent to sell, or whether it is more likely than not it will be required to sell the investment before recovery of the investment’s cost basis.

Derivative Financial Instruments

The Company may use derivatives to partially offset its business exposure to foreign currency and interest rate risk on expected future cash flows, on net investments in certain foreign subsidiaries and on certain existing assets and liabilities. However, the Company may choose not to hedge certain exposures for a variety of reasons including, but not limited to, accounting considerations and 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 currency exchange or interest rates.

To help protect gross margins from fluctuations in foreign currency exchange rates, certain of the Company’s subsidiaries whose functional currency is the U.S. dollar may hedge a portion of forecasted foreign currency revenue, and subsidiaries whose functional currency is not the U.S. dollar and who sell in local currencies may hedge a portion of forecasted inventory purchases not denominated in the subsidiaries’ functional currencies. The Company may enter into forward contracts, option contracts or other instruments to manage this risk and may designate these instruments as cash flow hedges. The Company typically hedges portions of its forecasted foreign currency exposure associated with revenue and inventory purchases, typically for up to 12 months.

 

To help protect the net investment in a foreign operation from adverse changes in foreign currency exchange rates, the Company may enter into foreign currency forward and option contracts to offset the changes in the carrying amounts of these investments due to fluctuations in foreign currency exchange rates. In addition, the Company may use non-derivative financial instruments, such as its foreign currency-denominated debt, as economic hedges of its net investments in certain foreign subsidiaries. In both of these cases, the Company designates these instruments as net investment hedges.

The Company may also enter into non-designated foreign currency contracts to partially offset the foreign currency exchange gains and losses generated by the re-measurement of certain assets and liabilities denominated in non-functional currencies.

The Company may enter into interest rate swaps, options, or other instruments to manage interest rate risk. These instruments may offset a portion of changes in income or expense, or changes in fair value of the Company’s term debt or investments. The Company designates these instruments as either cash flow or fair value hedges. The Company’s hedged interest rate transactions as of December 26, 2015 are expected to be recognized within nine years.

Cash Flow Hedges

The effective portions of cash flow hedges are recorded in accumulated other comprehensive income (“AOCI”) until the hedged item is recognized in earnings. Deferred gains and losses associated with cash flow hedges of foreign currency revenue are recognized as a component of net sales in the same period as the related revenue is recognized, and deferred gains and losses related to cash flow hedges of inventory purchases are recognized as a component of cost of sales in the same period as the related costs are recognized. Deferred gains and losses associated with cash flow hedges of interest income or expense are recognized in other income/(expense), net in the same period as the related income or expense is recognized. The ineffective portions and amounts excluded from the effectiveness testing of cash flow hedges are recognized in other income/(expense), net.

Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period. Deferred gains and losses in AOCI associated with such derivative instruments are reclassified immediately into other income/(expense), net. Any subsequent changes in fair value of such derivative instruments are reflected in other income/(expense), net unless they are re-designated as hedges of other transactions.

Net Investment Hedges

The effective portions of net investment hedges are recorded in other comprehensive income (“OCI”) as a part of the cumulative translation adjustment. The ineffective portions and amounts excluded from the effectiveness testing of net investment hedges are recognized in other income/(expense), net.

Fair Value Hedges

Gains and losses related to changes in fair value hedges are recognized in earnings along with a corresponding loss or gain related to the change in value of the underlying hedged item.

Non-Designated Derivatives

Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates.

The Company records all derivatives in the Condensed Consolidated Balance Sheets at fair value. The Company’s accounting treatment for these derivative instruments is based on its hedge designation. The following tables show the Company’s derivative instruments at gross fair value as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                          
     December 26, 2015  
     Fair Value of
Derivatives
Designated as
Hedge Instruments
     Fair Value of
Derivatives Not
Designated as
Hedge Instruments
     Total
Fair Value
 

Derivative assets (1):

        

Foreign exchange contracts

   $ 1,021       $ 275       $ 1,296   

Interest rate contracts

   $ 313       $ 0       $ 313   

    

        

Derivative liabilities (2):

        

Foreign exchange contracts

   $ 877       $ 157       $ 1,034   

Interest rate contracts

   $ 30       $ 0       $ 30   

 

                                                                          
     September 26, 2015  
     Fair Value of
Derivatives
Designated as
Hedge Instruments
     Fair Value of
Derivatives Not
Designated as
Hedge Instruments
     Total
Fair Value
 

Derivative assets (1):

        

Foreign exchange contracts

   $ 1,442       $ 109       $ 1,551   

Interest rate contracts

   $ 394       $ 0       $ 394   

    

        

Derivative liabilities (2):

        

Foreign exchange contracts

   $ 905       $ 94       $ 999   

Interest rate contracts

   $ 13       $ 0       $ 13   

 

  (1) 

The fair value of derivative assets is measured using Level 2 fair value inputs and is recorded as other current assets in the Condensed Consolidated Balance Sheets.

 

 

  (2) 

The fair value of derivative liabilities is measured using Level 2 fair value inputs and is recorded as accrued expenses in the Condensed Consolidated Balance Sheets.

 

The following table shows the pre-tax gains and losses of the Company’s derivative and non-derivative instruments designated as cash flow, net investment and fair value hedges on OCI and the Condensed Consolidated Statements of Operations for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     December 26, 2015      December 27, 2014  

Gains/(Losses) recognized in OCI – effective portion:

     

Cash flow hedges:

     

Foreign exchange contracts

   $ 326       $ 2,501   

Interest rate contracts

     8         (4
  

 

 

    

 

 

 

Total

   $ 334       $ 2,497   
  

 

 

    

 

 

 

    

     

Net investment hedges:

     

Foreign exchange contracts

   $ 0       $ 118   

Foreign currency debt

     10         0   
  

 

 

    

 

 

 

Total

   $ 10       $ 118   
  

 

 

    

 

 

 

    

     

Gains/(Losses) reclassified from AOCI into net income – effective portion:

     

Cash flow hedges:

     

Foreign exchange contracts

   $ 515       $ 667   

Interest rate contracts

     (4      (4
  

 

 

    

 

 

 

Total

   $ 511       $ 663   
  

 

 

    

 

 

 

    

     

Gains/(Losses) on derivative instruments:

     

Fair value hedges:

     

Interest rate contracts

   $ (111    $ 117   
  

 

 

    

 

 

 

    

     

Gains/(Losses) related to hedged items:

     

Fair value hedges:

     

Interest rate contracts

   $ 111       $ (117
  

 

 

    

 

 

 

 

The following table shows the notional amounts of the Company’s outstanding derivative instruments and credit risk amounts associated with outstanding or unsettled derivative instruments as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                   
     December 26, 2015      September 26, 2015  
     Notional
Amount
     Credit Risk
Amount
     Notional
Amount
     Credit Risk
Amount
 

Instruments designated as accounting hedges:

           

Foreign exchange contracts

   $ 59,305       $ 1,021       $ 70,054       $ 1,385   

Interest rate contracts

   $ 18,750       $ 313       $ 18,750       $ 394   

    

           

Instruments not designated as accounting hedges:

           

Foreign exchange contracts

   $ 48,365       $ 275       $ 49,190       $ 109   

The notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the Company’s exposure to credit or market loss. The credit risk amounts represent the Company’s gross exposure to potential accounting loss on derivative instruments that are outstanding or unsettled if all counterparties failed to perform according to the terms of the contract, based on then-current currency or interest rates at each respective date. The Company’s exposure to credit loss and market risk will vary over time as currency and interest rates change. Although the table above reflects the notional and credit risk amounts of the Company’s derivative instruments, it does not reflect the gains or losses associated with the exposures and transactions that the instruments are intended to hedge. The amounts ultimately realized upon settlement of these financial instruments, together with the gains and losses on the underlying exposures, will depend on actual market conditions during the remaining life of the instruments.

The Company generally enters into master netting arrangements, which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty. To further limit credit risk, the Company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds. The Company presents its derivative assets and derivative liabilities at their gross fair values in its Condensed Consolidated Balance Sheets. The net cash collateral received by the Company related to derivative instruments under its collateral security arrangements was $660 million as of December 26, 2015 and $1.0 billion as of September 26, 2015.

Under master netting arrangements with the respective counterparties to the Company’s derivative contracts, the Company is allowed to net settle transactions with a single net amount payable by one party to the other. As of December 26, 2015 and September 26, 2015, 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 $1.7 billion and $2.2 billion, respectively, resulting in net derivative liabilities of $116 million and $78 million, respectively.

Accounts Receivable

Trade Receivables

The Company has considerable trade receivables outstanding with its third-party cellular network carriers, wholesalers, retailers, value-added resellers, small and mid-sized businesses and education, enterprise and government customers that are not covered by collateral, third-party financing arrangements or credit insurance. As of December 26, 2015, there was no single customer that accounted for 10% or more of total trade receivables. As of September 26, 2015, the Company had one customer that represented 10% or more of total trade receivables, which accounted for 12%. The Company’s cellular network carriers accounted for 50% and 71% of trade receivables as of December 26, 2015 and September 26, 2015, 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 sub-assemblies or assemble final products for the Company. Vendor non-trade receivables from three of the Company’s vendors accounted for 51%, 14% and 10% of total vendor non-trade receivables as of December 26, 2015 and three of the Company’s vendors accounted for 38%, 18% and 14% of total vendor non-trade receivables as of September 26, 2015.

v3.3.1.900
Condensed Consolidated Financial Statement Details
3 Months Ended
Dec. 26, 2015
Condensed Consolidated Financial Statement Details

Note 3 – Condensed Consolidated Financial Statement Details

The following tables show the Company’s condensed consolidated financial statement details as of December 26, 2015 and September 26, 2015 (in millions):

Property, Plant and Equipment, Net

 

                                                 
     December 26, 2015      September 26, 2015  

Land and buildings

   $ 7,729       $ 6,956   

Machinery, equipment and internal-use software

     38,039         37,038   

Leasehold improvements

     5,574         5,263   
  

 

 

    

 

 

 

Gross property, plant and equipment

     51,342         49,257   

Accumulated depreciation and amortization

     (29,042      (26,786
  

 

 

    

 

 

 

Total property, plant and equipment, net

   $ 22,300       $ 22,471   
  

 

 

    

 

 

 

Other Non-Current Liabilities

 

     
     December 26, 2015      September 26, 2015  

Deferred tax liabilities

   $ 21,617       $ 24,062   

Other non-current liabilities

     10,558         9,365   
  

 

 

    

 

 

 

Total other non-current liabilities

   $ 32,175       $ 33,427   
  

 

 

    

 

 

 

Other Income/(Expense), Net

The following table shows the detail of other income/(expense), net for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Interest and dividend income

   $ 941       $ 654   

Interest expense

     (276      (131

Other expense, net

     (263      (353
  

 

 

    

 

 

 

Total other income/(expense), net

   $ 402       $ 170   
  

 

 

    

 

 

 
v3.3.1.900
Acquired Intangible Assets
3 Months Ended
Dec. 26, 2015
Acquired Intangible Assets

Note 4 – Acquired Intangible Assets

The Company’s acquired intangible assets with definite useful lives primarily consist of patents and licenses and are amortized over periods typically from three to seven years. The following table summarizes the components of gross and net acquired intangible asset balances as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                           
     December 26, 2015      September 26, 2015  
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 

Definite-lived and amortizable
acquired intangible assets

   $ 8,490       $ (4,666   $ 3,824       $ 8,125       $ (4,332   $ 3,793   

Indefinite-lived and non-amortizable
acquired intangible assets

     100         0        100         100         0        100   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total acquired intangible assets

   $ 8,590       $ (4,666   $ 3,924       $ 8,225       $ (4,332   $ 3,893   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
v3.3.1.900
Income Taxes
3 Months Ended
Dec. 26, 2015
Income Taxes

Note 5 – Income Taxes

As of December 26, 2015, the Company recorded gross unrecognized tax benefits of $7.4 billion, of which $2.7 billion, if recognized, would affect the Company’s effective tax rate. As of September 26, 2015, the total amount of gross unrecognized tax benefits was $6.9 billion, of which $2.5 billion, if recognized, would have affected the Company’s effective tax rate. The Company’s total gross unrecognized tax benefits are classified as other non-current liabilities in the Condensed Consolidated Balance Sheets. The Company had $1.4 billion and $1.3 billion of gross interest and penalties accrued as of December 26, 2015 and September 26, 2015, respectively, which are classified as other non-current liabilities in the Condensed Consolidated Balance Sheets.

Management believes that an adequate provision has been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues addressed in the Company’s tax audits are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs. Although timing of the resolution and/or closure of audits is not certain, the Company does not believe it is reasonably possible that its unrecognized tax benefits would materially change in the next 12 months.

On June 11, 2014, the European Commission issued an opening decision initiating a formal investigation against Ireland for alleged state aid to the Company. The opening decision concerns the allocation of profits for taxation purposes of the Irish branches of two subsidiaries of the Company. The Company believes the European Commission’s assertions are without merit. If the European Commission were to conclude against Ireland, the European Commission could require Ireland to recover from the Company past taxes covering a period of up to 10 years reflective of the disallowed state aid. While such amount could be material, as of December 26, 2015 the Company is unable to estimate the impact.

v3.3.1.900
Debt
3 Months Ended
Dec. 26, 2015
Debt

Note 6 – Debt

Commercial Paper

The Company issues unsecured short-term promissory notes (“Commercial Paper”) pursuant to a commercial paper program. The Company uses net proceeds from the commercial paper program for general corporate purposes, including dividends and share repurchases. As of December 26, 2015 and September 26, 2015, the Company had $7.3 billion and $8.5 billion of Commercial Paper outstanding, respectively, with maturities generally less than nine months. The weighted-average interest rate of the Company’s Commercial Paper was 0.20% as of December 26, 2015 and 0.14% as of September 26, 2015.

The following table provides a summary of cash flows associated with the issuance and maturities of Commercial Paper for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Maturities less than 90 days:

     

Proceeds from (repayments of) commercial paper, net

   $ (393    $ 62   

    

     

Maturities greater than 90 days:

     

Proceeds from commercial paper

     492         197   

Repayments of commercial paper

     (1,339      (2,668
  

 

 

    

 

 

 

Proceeds from (repayments of) commercial paper, net

     (847      (2,471
  

 

 

    

 

 

 

Total change in commercial paper, net

   $ (1,240    $ (2,409
  

 

 

    

 

 

 

 

Long-Term Debt

As of December 26, 2015, the Company had outstanding floating- and fixed-rate notes with varying maturities for an aggregate principal amount of $55.5 billion (collectively the “Notes”). The Notes are senior unsecured obligations, and interest is payable in arrears, quarterly for the U.S. dollar-denominated and Australian dollar-denominated floating-rate notes, semi-annually for the U.S. dollar-denominated, Australian dollar-denominated, British pound-denominated and Japanese yen-denominated fixed-rate notes and annually for the euro-denominated and Swiss franc-denominated fixed-rate notes. The following table provides a summary of the Company’s term debt as of December 26, 2015 and September 26, 2015:

 

                                                                                                                            
    Maturities     December, 26, 2015     September 26, 2015  
      Amount
(in millions)
    Effective
Interest Rate
    Amount
(in millions)
    Effective
Interest Rate
 

2013 debt issuance of $17.0 billion:

         

Floating-rate notes

    2016 - 2018      $ 3,000        0.51% - 1.10%      $ 3,000        0.51% - 1.10%   

Fixed-rate 0.45% - 3.85% notes

    2016 - 2043        14,000        0.51% - 3.91%        14,000        0.51% - 3.91%   
         

2014 debt issuance of $12.0 billion:

         

Floating-rate notes

    2017 - 2019        2,000        0.41% - 0.64%        2,000        0.37% - 0.60%   

Fixed-rate 1.05% - 4.45% notes

    2017 - 2044        10,000        0.40% - 4.48%        10,000        0.37% - 4.48%   
         

2015 debt issuances of $27.3 billion:

         

Floating-rate notes

    2017 - 2020        1,755        0.41% - 1.87%        1,743        0.36% - 1.87%   

Fixed-rate 0.35% - 4.375% notes

    2017 - 2045        24,793        0.28% - 4.51%        24,958        0.28% - 4.51%   
   

 

 

     

 

 

   

Total term debt

      55,548          55,701     

Unamortized discount

      (109       (114  

Hedge accounting fair value adjustments

      265          376     

Less: Current portion of long-term debt

      (2,500       (2,500  
   

 

 

     

 

 

   

Total long-term debt

    $ 53,204        $ 53,463     
   

 

 

     

 

 

   

As of December 26, 2015, ¥118.0 billion of Japanese yen-denominated notes was designated as a hedge of the foreign currency exposure of its net investment in a foreign operation. The foreign currency transaction gain or loss on the Japanese yen-denominated debt designated as a hedge is recorded in OCI as a part of the cumulative translation adjustment. As of December 26, 2015 and September 26, 2015, the carrying value of the debt designated as a net investment hedge was $1.0 billion and $2.1 billion, respectively. For further discussion regarding the Company’s use of derivative instruments see the Derivative Financial Instruments section of Note 2, “Financial Instruments.”

The effective interest rates for the Notes include the interest on the Notes, amortization of the discount and, if applicable, adjustments related to hedging. The Company recognized $271 million and $128 million of interest expense on its term debt for the three months ended December 26, 2015 and December 27, 2014, respectively.

As of December 26, 2015 and September 26, 2015, the fair value of the Company’s Notes, based on Level 2 inputs, was $55.1 billion and $54.9 billion, respectively.

v3.3.1.900
Shareholders' Equity
3 Months Ended
Dec. 26, 2015
Shareholders' Equity

Note 7 – Shareholders’ Equity

Dividends

The Company declared and paid cash dividends per share during the periods presented as follows:

 

                                                 
     Dividends
Per Share
     Amount
(in millions)
 

2016:

     

First quarter

   $ 0.52       $ 2,898   
               

2015:

     

Fourth quarter

   $ 0.52       $ 2,950   

Third quarter

     0.52         2,997   

Second quarter

     0.47         2,734   

First quarter

     0.47         2,750   
  

 

 

    

 

 

 

Total cash dividends declared and paid

   $ 1.98       $ 11,431   
  

 

 

    

 

 

 

Future dividends are subject to declaration by the Board of Directors.

 

Share Repurchase Program

In 2015, the Company’s Board of Directors increased the share repurchase authorization to $140 billion of the Company’s common stock, of which $110 billion had been utilized as of December 26, 2015. The Company’s share repurchase program does not obligate it to acquire any specific number 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 (the “Exchange Act”).

The Company has entered, and in the future may enter, into accelerated share repurchase arrangements (“ASRs”) with financial institutions. In exchange for up-front payments, the financial institutions deliver shares of the Company’s common stock during the purchase periods of each ASR. The total number of shares ultimately delivered, and therefore the average repurchase price paid per share, is determined at the end of the applicable purchase period of each ASR based on the volume weighted-average price of the Company’s common stock during that period. The shares received are retired in the periods they are delivered, and the up-front payments are accounted for as a reduction to shareholders’ equity in the Company’s Condensed Consolidated Balance Sheets in the periods the payments are made. The Company reflects the ASRs as a repurchase of common stock in the period delivered for purposes of calculating earnings per share and as forward contracts indexed to its own common stock. The ASRs met all of the applicable criteria for equity classification, and therefore were not accounted for as derivative instruments.

The following table shows the Company’s ASR activity and related information during the three months ended December 26, 2015 and the year ended September 26, 2015:

 

                                                                                                   
     Purchase Period
End Date
     Number of
Shares

(in thousands)
     Average
Repurchase
Price
Per Share
     ASR
Amount

(in millions)
 

November 2015 ASR

     April 2016         20,382 (1)       $      (1)       $ 3,000   

May 2015 ASR

     July 2015         48,293           $ 124.24       $ 6,000   

August 2014 ASR

     February 2015         81,525           $ 110.40       $ 9,000   

January 2014 ASR

     December 2014         134,247           $ 89.39       $ 12,000   

 

  (1) 

“Number of Shares” represents those shares delivered in the beginning of the purchase period and does not represent the final number of shares to be delivered under the ASR. The total number of shares ultimately delivered, and therefore the average repurchase price paid per share, will be determined at the end of the applicable purchase period based on the volume-weighted average price of the Company’s common stock during that period. The November 2015 ASR purchase period will end in or before April 2016.

 

Additionally, the Company repurchased shares of its common stock in the open market, which were retired upon repurchase, during the periods presented as follows:

 

                                                                          
     Number of
Shares

(in thousands)
     Average
Repurchase
Price
Per Share
     Amount
(in millions)
 

2016:

        

First quarter

     25,984       $ 115.45       $ 3,000   

    

        

2015:

        

Fourth quarter

     121,802       $ 115.15       $ 14,026   

Third quarter

     31,231       $ 128.08         4,000   

Second quarter

     56,400       $ 124.11         7,000   

First quarter

     45,704       $ 109.40         5,000   
  

 

 

       

 

 

 

Total open market common stock repurchases

     255,137          $ 30,026   
  

 

 

       

 

 

 
v3.3.1.900
Comprehensive Income
3 Months Ended
Dec. 26, 2015
Comprehensive Income

Note 8 – Comprehensive Income

Comprehensive income consists of two components, net income and OCI. OCI refers to revenue, expenses, and gains and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net income. The Company’s OCI consists of foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges and unrealized gains and losses on marketable securities classified as available-for-sale.

The following table shows the pre-tax amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line item, for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                  

Comprehensive Income Components

 

Financial Statement

Line Item

   December 26, 2015      December 27, 2014  

Unrealized (gains)/losses on derivative instruments:

       

Foreign exchange contracts

  Revenue    $ (329    $ (449
  Cost of sales      (306      (313
  Other income/(expense), net      120         95   

Interest rate contracts

  Other income/(expense), net      4         4   
    

 

 

    

 

 

 
       (511      (663

Unrealized (gains)/losses on marketable securities

  Other income/(expense), net      73         (22
    

 

 

    

 

 

 

Total amounts reclassified from AOCI

   $ (438    $ (685
    

 

 

    

 

 

 

The following table shows the changes in AOCI by component for the three months ended December 26, 2015 (in millions):

 

                                                                                                   
    Cumulative
Foreign
Currency
Translation
     Unrealized
Gains/Losses
on Derivative
Instruments
     Unrealized
Gains/Losses
on Marketable
Securities
     Total  

Balance at September 26, 2015

  $ (653    $ 772       $ (464    $ (345
 

 

 

    

 

 

    

 

 

    

 

 

 

Other comprehensive income/(loss) before reclassifications

    (121      325         (1,430      (1,226

Amounts reclassified from AOCI

    0         (511      73         (438

Tax effect

    19         28         482         529   
 

 

 

    

 

 

    

 

 

    

 

 

 

Other comprehensive income/(loss)

    (102      (158      (875      (1,135
 

 

 

    

 

 

    

 

 

    

 

 

 

Balance at December 26, 2015

  $ (755    $ 614       $ (1,339    $ (1,480
 

 

 

    

 

 

    

 

 

    

 

 

 
v3.3.1.900
Benefit Plans
3 Months Ended
Dec. 26, 2015
Benefit Plans

Note 9 – Benefit Plans

Stock Plans

The Company had 376.5 million shares reserved for future issuance under its stock plans as of December 26, 2015. RSUs granted generally vest over four years, based on continued employment, and are settled upon vesting in shares of the Company’s common stock on a one-for-one basis. Each share issued with respect to RSUs granted under the Company’s stock plans reduces the number of shares available for grant under the plan by two shares. RSUs cancelled and shares withheld to satisfy tax withholding obligations increase the number of shares available for grant under the plans utilizing a factor of two times the number of RSUs cancelled or shares withheld. Stock options count against the number of shares available for grant on a one-for-one basis.

Rule 10b5-1 Trading Plans

During the three months ended December 26, 2015, Section 16 officers Timothy D. Cook, Luca Maestri, Daniel Riccio, Philip Schiller and Jeffrey Williams had equity trading plans in place in accordance with Rule 10b5-1(c)(1) under the Exchange Act. An equity trading plan is a written document that pre-establishes 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 shares acquired pursuant to the Company’s employee and director equity plans.

 

Restricted Stock Units

A summary of the Company’s RSU activity and related information for the three months ended December 26, 2015 is as follows:

 

                                                                          
     Number of
RSUs
(in thousands)
     Weighted-Average
Grant Date Fair
Value Per Share
     Aggregate
Intrinsic Value
(in millions)
 

Balance at September 26, 2015

     101,467       $ 85.77      

RSUs granted

     41,082       $ 111.31      

RSUs vested

     (17,923    $ 79.24      

RSUs cancelled

     (1,282    $ 90.95      
  

 

 

       

Balance at December 26, 2015

     123,344       $ 95.09       $ 13,325   
  

 

 

       

RSUs that vested during the three months ended December 26, 2015 and December 27, 2014 had fair values of $2.0 billion and $1.7 billion, respectively, as of the vesting date.

Stock Options

The Company had 1.1 million stock options outstanding as of December 26, 2015, with a weighted-average exercise price per share of $15.24 and weighted-average remaining contractual term of 4.0 years, substantially all of which are exercisable. The aggregate intrinsic value of the stock options outstanding as of December 26, 2015 was $106 million, which represents the value of the Company’s closing stock price on the last trading day of the period in excess of the weighted-average exercise price multiplied by the number of options outstanding.

Share-Based Compensation

The following table shows a summary of the share-based compensation expense included in the Condensed Consolidated Statements of Operations for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Cost of sales

   $ 204       $ 140   

Research and development

     466         374   

Selling, general and administrative

     408         374   
  

 

 

    

 

 

 

Total share-based compensation expense

   $ 1,078       $ 888   
  

 

 

    

 

 

 

The income tax benefit related to share-based compensation expense was $413 million and $351 million for the three months ended December 26, 2015 and December 27, 2014, respectively. As of December 26, 2015, the total unrecognized compensation cost related to outstanding stock options, RSUs and restricted stock was $10.0 billion, which the Company expects to recognize over a weighted-average period of 3.0 years.

v3.3.1.900
Commitments and Contingencies
3 Months Ended
Dec. 26, 2015
Commitments and Contingencies

Note 10 – Commitments and Contingencies

Accrued Warranty and Indemnification

The following table shows changes in the Company’s accrued warranties and related costs for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Beginning accrued warranty and related costs

   $ 4,780       $ 4,159   

Cost of warranty claims

     (1,269      (1,044

Accruals for product warranty

     1,725         2,080   
  

 

 

    

 

 

 

Ending accrued warranty and related costs

   $ 5,236       $ 5,195   
  

 

 

    

 

 

 

The Company generally does not indemnify end-users of its operating system and application software against legal claims that the software infringes third-party intellectual property rights. Other agreements entered into by the Company sometimes include indemnification provisions under which the Company could be subject to costs and/or damages in the event of an infringement claim against the Company or an indemnified third-party. In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss with respect to indemnification of end-users of its operating system or application software for infringement of third-party intellectual property rights.

 

The Company offers an iPhone Upgrade Program, which is available to customers who purchase an iPhone 6s and 6s Plus in one of its U.S. physical retail stores and activate the purchased iPhone with one of the four national carriers. The iPhone Upgrade Program provides customers the right to trade in that iPhone for a new iPhone, provided certain conditions are met. One of the conditions of this program requires the customer to finance the initial purchase price of the iPhone with a third-party lender. Upon exercise of the trade-in right and purchase of a new iPhone, the Company satisfies the customer’s outstanding balance due to the third-party lender on the original device. The Company accounts for the trade-in right as a guarantee liability and recognizes arrangement revenue net of the fair value of such right with subsequent changes to the guarantee liability recognized within revenue.

The Company has entered into indemnification agreements with its directors and executive officers. Under these agreements, the Company has agreed to indemnify such individuals to the fullest extent permitted by law against liabilities that arise by reason of their status as directors or officers and to advance expenses incurred by such individuals in connection with related legal proceedings. It is not possible to determine the maximum potential amount of payments the Company could be required to make under these agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each claim. However, the Company maintains directors and officers liability insurance coverage to reduce its exposure to such obligations.

Concentrations in the Available Sources of Supply of Materials and Product

Although most components essential to the Company’s business are generally available from multiple sources, a number of components are currently obtained from single or limited sources. In addition, the Company competes for various components with other participants in the markets for mobile communication and media devices and personal computers. Therefore, many components used by the Company, including those that are available from multiple sources, are at times subject to industry-wide shortage and significant pricing fluctuations that could materially adversely affect the Company’s financial condition and operating results.

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 manufacturing capacity has increased. If the Company’s supply of components for a new or existing product were delayed or constrained, or if an outsourcing partner delayed shipments of completed products to the Company, the Company’s financial condition and operating results could be materially adversely affected. The Company’s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source, or to identify and obtain sufficient quantities from an alternative source. Continued availability of these components at acceptable prices, or at all, may be affected if those suppliers concentrated 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. Therefore, the Company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results.

Substantially all of the Company’s hardware products are manufactured by outsourcing partners that are located primarily in Asia. A significant concentration of this manufacturing is currently performed by a small number of outsourcing partners, often in single locations. Certain of these outsourcing partners are the sole-sourced suppliers of components and manufacturers for many of the Company’s products. Although the Company works closely with its outsourcing partners on manufacturing schedules, the Company’s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments. The Company’s purchase commitments typically cover its requirements for periods up to 150 days.

Other Off-Balance Sheet Commitments

Operating Leases

The Company leases various equipment and facilities, including retail space, under noncancelable operating lease arrangements. The major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options. As of December 26, 2015, the Company had a total of 469 retail stores. Leases for retail space are for terms ranging from five to 20 years, the majority of which are for 10 years, and often contain multi-year renewal options. As of December 26, 2015, the Company’s total future minimum lease payments under noncancelable operating leases were $6.6 billion, of which $3.7 billion related to leases for retail space.

 

Contingencies

The Company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and that have not been fully adjudicated, certain of which are discussed in Part II, Item 1 of this Form 10-Q under the heading “Legal Proceedings” and in Part II, Item 1A of this Form 10-Q under the heading “Risk Factors.” 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 in excess of a recorded accrual, with respect to loss contingencies for asserted legal and other claims. However, the outcome of litigation is inherently uncertain. Therefore, although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations, the Company’s consolidated financial statements for that reporting period could be materially adversely affected.

Apple Inc. v. Samsung Electronics Co., Ltd., et al.

On August 24, 2012, a jury returned a verdict awarding the Company $1.05 billion in its lawsuit against Samsung Electronics Co., Ltd. and affiliated parties in the United States District Court, Northern District of California, San Jose Division. On March 6, 2014, the District Court entered final judgment in favor of the Company in the amount of approximately $930 million. On May 18, 2015, the U.S. Court of Appeals for the Federal Circuit affirmed in part, and reversed in part, the decision of the District Court. As a result, the Court of Appeals ordered entry of final judgment on damages in the amount of approximately $548 million, with the District Court to determine supplemental damages and interest, as well as damages owed for products subject to the reversal in part. Samsung Electronics Co., Ltd. paid $548 million to the Company in December 2015, which was included in net sales in the Condensed Consolidated Statement of Operations. Because the March 6, 2014 ruling remains subject to further proceedings, the Company has not recognized any further amounts in its results of operations.

v3.3.1.900
Segment Information and Geographic Data
3 Months Ended
Dec. 26, 2015
Segment Information and Geographic Data

Note 11 – Segment Information and Geographic Data

The Company reports segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable operating segments.

The Company manages its business primarily on a geographic basis. The Company’s reportable operating segments consist of the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, as well as India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and those Asian countries not included in the Company’s other reportable operating segments. Although each reportable operating segment provides similar hardware and software products and similar services, they are managed separately to better align with the location of the Company’s customers and distribution partners and the unique market dynamics of each geographic region. The accounting policies of the various segments are the same as those described in Note 1, “Summary of Significant Accounting Policies” of the Notes to Consolidated Financial Statements in Part II, Item 8 of the 2015 Form 10-K.

The Company evaluates the performance of its reportable operating segments based on net sales and operating income. Net sales for geographic segments are generally based on the location of customers and sales through the Company’s retail stores located in those geographic locations. Operating income for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. Advertising expenses are generally included in the geographic segment in which the expenditures are incurred. Operating income for each segment excludes other income and expense and certain expenses managed outside the reportable operating segments. Costs excluded from segment operating income include various corporate expenses such as research and development, corporate marketing expenses, certain share-based compensation expenses, income taxes, various nonrecurring charges and other separately managed general and administrative costs. The Company does not include intercompany transfers between segments for management reporting purposes.

 

The following table shows information by reportable operating segment for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Americas:

     

Net sales

   $ 29,325       $ 30,566   

Operating income

   $ 10,018       $ 10,701   

    

     

Europe:

     

Net sales

   $ 17,932       $ 17,214   

Operating income

   $ 5,779       $ 5,882   

Greater China:

     

Net sales

   $ 18,373       $ 16,144   

Operating income

   $ 7,576       $ 6,366   

    

     

Japan:

     

Net sales

   $ 4,794       $ 5,448   

Operating income

   $ 2,240       $ 2,488   

Rest of Asia Pacific:

     

Net sales

   $ 5,448       $ 5,227   

Operating income

   $ 2,032       $ 1,849   

A reconciliation of the Company’s segment operating income to the Condensed Consolidated Statements of Operations for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Segment operating income

   $ 27,645       $ 27,286   

Research and development expense

     (2,404      (1,895

Other corporate expenses, net

     (1,070      (1,145
  

 

 

    

 

 

 

Total operating income

   $ 24,171       $ 24,246   
  

 

 

    

 

 

 
v3.3.1.900
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Dec. 26, 2015
Basis of Presentation and Preparation

Basis of Presentation and Preparation

The accompanying condensed consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated. In the opinion of the Company’s management, the condensed consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation. The preparation of these condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current period’s presentation.

These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and the notes thereto included in its Annual Report on Form 10-K for the fiscal year ended September 26, 2015 (the “2015 Form 10-K”). The Company’s fiscal year is the 52 or 53-week period that ends on the last Saturday of September. An additional week is included in the first fiscal quarter approximately every six years to realign fiscal quarters with calendar quarters. The Company’s fiscal years 2016 and 2015 each include 52 weeks. Unless otherwise stated, references to particular years, quarters or months refer to the Company’s fiscal years ended in September and the associated quarters or months of those fiscal years.

During the first quarter of 2016, the Company adopted an accounting standard that simplified the presentation of deferred taxes by requiring deferred tax assets and liabilities be classified as noncurrent in a classified statement of financial position. The Company has adopted this accounting standard prospectively; accordingly, the prior period amounts in the Company’s Condensed Consolidated Balance Sheets within this Quarterly Report on Form 10-Q were not adjusted to conform to the new accounting standard. The adoption of this accounting standard was not material to the Company’s condensed consolidated financial statements.

Earnings Per Share

Earnings Per Share

Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options, shares to be purchased under the Company’s employee stock purchase plan, unvested restricted stock and unvested restricted stock units (“RSUs”). The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, an increase in the fair market value of the Company’s common stock can result in a greater dilutive effect from potentially dilutive securities.

The following table shows the computation of basic and diluted earnings per share for the three months ended December 26, 2015 and December 27, 2014 (net income in millions and shares in thousands):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Numerator:

     

Net income

   $ 18,361       $ 18,024   

Denominator:

     

Weighted-average shares outstanding

     5,558,930         5,843,082   

Effect of dilutive securities

     35,197         38,721   
  

 

 

    

 

 

 

Weighted-average diluted shares

     5,594,127         5,881,803   
  

 

 

    

 

 

 

Basic earnings per share

   $ 3.30       $ 3.08   

Diluted earnings per share

   $ 3.28       $ 3.06   

Potentially dilutive securities whose effect would have been antidilutive are excluded from the computation of diluted earnings per share.

Derivative Financial Instruments

Derivative Financial Instruments

The Company may use derivatives to partially offset its business exposure to foreign currency and interest rate risk on expected future cash flows, on net investments in certain foreign subsidiaries and on certain existing assets and liabilities. However, the Company may choose not to hedge certain exposures for a variety of reasons including, but not limited to, accounting considerations and 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 currency exchange or interest rates.

To help protect gross margins from fluctuations in foreign currency exchange rates, certain of the Company’s subsidiaries whose functional currency is the U.S. dollar may hedge a portion of forecasted foreign currency revenue, and subsidiaries whose functional currency is not the U.S. dollar and who sell in local currencies may hedge a portion of forecasted inventory purchases not denominated in the subsidiaries’ functional currencies. The Company may enter into forward contracts, option contracts or other instruments to manage this risk and may designate these instruments as cash flow hedges. The Company typically hedges portions of its forecasted foreign currency exposure associated with revenue and inventory purchases, typically for up to 12 months.

 

To help protect the net investment in a foreign operation from adverse changes in foreign currency exchange rates, the Company may enter into foreign currency forward and option contracts to offset the changes in the carrying amounts of these investments due to fluctuations in foreign currency exchange rates. In addition, the Company may use non-derivative financial instruments, such as its foreign currency-denominated debt, as economic hedges of its net investments in certain foreign subsidiaries. In both of these cases, the Company designates these instruments as net investment hedges.

The Company may also enter into non-designated foreign currency contracts to partially offset the foreign currency exchange gains and losses generated by the re-measurement of certain assets and liabilities denominated in non-functional currencies.

The Company may enter into interest rate swaps, options, or other instruments to manage interest rate risk. These instruments may offset a portion of changes in income or expense, or changes in fair value of the Company’s term debt or investments. The Company designates these instruments as either cash flow or fair value hedges. The Company’s hedged interest rate transactions as of December 26, 2015 are expected to be recognized within nine years.

Cash Flow Hedges

The effective portions of cash flow hedges are recorded in accumulated other comprehensive income (“AOCI”) until the hedged item is recognized in earnings. Deferred gains and losses associated with cash flow hedges of foreign currency revenue are recognized as a component of net sales in the same period as the related revenue is recognized, and deferred gains and losses related to cash flow hedges of inventory purchases are recognized as a component of cost of sales in the same period as the related costs are recognized. Deferred gains and losses associated with cash flow hedges of interest income or expense are recognized in other income/(expense), net in the same period as the related income or expense is recognized. The ineffective portions and amounts excluded from the effectiveness testing of cash flow hedges are recognized in other income/(expense), net.

Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period. Deferred gains and losses in AOCI associated with such derivative instruments are reclassified immediately into other income/(expense), net. Any subsequent changes in fair value of such derivative instruments are reflected in other income/(expense), net unless they are re-designated as hedges of other transactions.

Net Investment Hedges

The effective portions of net investment hedges are recorded in other comprehensive income (“OCI”) as a part of the cumulative translation adjustment. The ineffective portions and amounts excluded from the effectiveness testing of net investment hedges are recognized in other income/(expense), net.

Fair Value Hedges

Gains and losses related to changes in fair value hedges are recognized in earnings along with a corresponding loss or gain related to the change in value of the underlying hedged item.

Non-Designated Derivatives

Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates.

v3.3.1.900
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Dec. 26, 2015
Computation of Basic and Diluted Earnings Per Share

The following table shows the computation of basic and diluted earnings per share for the three months ended December 26, 2015 and December 27, 2014 (net income in millions and shares in thousands):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Numerator:

     

Net income

   $ 18,361       $ 18,024   

Denominator:

     

Weighted-average shares outstanding

     5,558,930         5,843,082   

Effect of dilutive securities

     35,197         38,721   
  

 

 

    

 

 

 

Weighted-average diluted shares

     5,594,127         5,881,803   
  

 

 

    

 

 

 

Basic earnings per share

   $ 3.30       $ 3.08   

Diluted earnings per share

   $ 3.28       $ 3.06   
v3.3.1.900
Financial Instruments (Tables)
3 Months Ended
Dec. 26, 2015
Cash and Available-for-Sale Securities' Adjusted Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents or Short-Term or Long-Term Marketable Securities

The following tables show the Company’s cash and available-for-sale securities’ adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or short- or long-term marketable securities as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                                                           
    December 26, 2015  
    Adjusted
Cost
    Unrealized
Gains
    Unrealized
Losses
    Fair
Value
    Cash and
Cash
Equivalents
    Short-Term
Marketable
Securities
    Long-Term
Marketable
Securities
 

Cash

  $ 11,152      $ 0      $ 0      $ 11,152      $ 11,152      $ 0      $ 0   

    

             

Level 1 (1):

             

Money market funds

    3,517        0        0        3,517        3,517        0        0   

Mutual funds

    1,772        0        (206     1,566        0        1,566        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    5,289        0        (206     5,083        3,517        1,566        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Level 2 (2):

             

U.S. Treasury securities

    40,739        43        (108     40,674        203        1,602        38,869   

U.S. agency securities

    5,307        2        (10     5,299        469        865        3,965   

Non-U.S. government securities

    6,530        31        (201     6,360        0        454        5,906   

Certificates of deposit and time deposits

    2,986        0        0        2,986        258        1,424        1,304   

Commercial paper

    2,236        0        0        2,236        1,089        895        252   

Corporate securities

    125,000        132        (1,684     123,448        1        14,463        108,984   

Municipal securities

    946        3        (1     948        0        28        920   

Mortgage- and asset-backed securities

    17,635        23        (105     17,553        0        88        17,465   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    201,379        234        (2,109     199,504        2,020        19,819        177,665   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Total

  $ 217,820      $ 234      $ (2,315   $ 215,739      $ 16,689      $ 21,385      $ 177,665   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                                                                                                                           
    September 26, 2015  
    Adjusted
Cost
    Unrealized
Gains
    Unrealized
Losses
    Fair
Value
    Cash and
Cash
Equivalents
    Short-Term
Marketable
Securities
    Long-Term
Marketable
Securities
 

Cash

  $ 11,389      $ 0      $ 0      $ 11,389      $ 11,389      $ 0      $ 0   

    

             

Level 1 (1):

             

Money market funds

    1,798        0        0        1,798        1,798        0        0   

Mutual funds

    1,772        0        (144     1,628        0        1,628        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    3,570        0        (144     3,426        1,798        1,628        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Level 2 (2):

             

U.S. Treasury securities

    34,902        181        (1     35,082        0        3,498        31,584   

U.S. agency securities

    5,864        14        0        5,878        841        767        4,270   

Non-U.S. government securities

    6,356        45        (167     6,234        43        135        6,056   

Certificates of deposit and time deposits

    4,347        0        0        4,347        2,065        1,405        877   

Commercial paper

    6,016        0        0        6,016        4,981        1,035        0   

Corporate securities

    116,908        242        (985     116,165        3        11,948        104,214   

Municipal securities

    947        5        0        952        0        48        904   

Mortgage- and asset-backed securities

    16,121        87        (31     16,177        0        17        16,160   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    191,461        574        (1,184     190,851        7,933        18,853        164,065   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Total

  $ 206,420      $ 574      $ (1,328   $ 205,666      $ 21,120      $ 20,481      $ 164,065   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

  (1) 

The fair value of Level 1 securities is estimated based on quoted prices in active markets for identical assets or liabilities.

 

 

  (2) 

The fair value of Level 2 securities is estimated based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

 
Cash and Available-for-Sale Securities' Adjusted Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents or Short-Term or Long-Term Marketable Securities

The following tables show the Company’s cash and available-for-sale securities’ adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or short- or long-term marketable securities as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                                                           
    December 26, 2015  
    Adjusted
Cost
    Unrealized
Gains
    Unrealized
Losses
    Fair
Value
    Cash and
Cash
Equivalents
    Short-Term
Marketable
Securities
    Long-Term
Marketable
Securities
 

Cash

  $ 11,152      $ 0      $ 0      $ 11,152      $ 11,152      $ 0      $ 0   

    

             

Level 1 (1):

             

Money market funds

    3,517        0        0        3,517        3,517        0        0   

Mutual funds

    1,772        0        (206     1,566        0        1,566        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    5,289        0        (206     5,083        3,517        1,566        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Level 2 (2):

             

U.S. Treasury securities

    40,739        43        (108     40,674        203        1,602        38,869   

U.S. agency securities

    5,307        2        (10     5,299        469        865        3,965   

Non-U.S. government securities

    6,530        31        (201     6,360        0        454        5,906   

Certificates of deposit and time deposits

    2,986        0        0        2,986        258        1,424        1,304   

Commercial paper

    2,236        0        0        2,236        1,089        895        252   

Corporate securities

    125,000        132        (1,684     123,448        1        14,463        108,984   

Municipal securities

    946        3        (1     948        0        28        920   

Mortgage- and asset-backed securities

    17,635        23        (105     17,553        0        88        17,465   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    201,379        234        (2,109     199,504        2,020        19,819        177,665   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Total

  $ 217,820      $ 234      $ (2,315   $ 215,739      $ 16,689      $ 21,385      $ 177,665   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                                                                                                                           
    September 26, 2015  
    Adjusted
Cost
    Unrealized
Gains
    Unrealized
Losses
    Fair
Value
    Cash and
Cash
Equivalents
    Short-Term
Marketable
Securities
    Long-Term
Marketable
Securities
 

Cash

  $ 11,389      $ 0      $ 0      $ 11,389      $ 11,389      $ 0      $ 0   

    

             

Level 1 (1):

             

Money market funds

    1,798        0        0        1,798        1,798        0        0   

Mutual funds

    1,772        0        (144     1,628        0        1,628        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    3,570        0        (144     3,426        1,798        1,628        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Level 2 (2):

             

U.S. Treasury securities

    34,902        181        (1     35,082        0        3,498        31,584   

U.S. agency securities

    5,864        14        0        5,878        841        767        4,270   

Non-U.S. government securities

    6,356        45        (167     6,234        43        135        6,056   

Certificates of deposit and time deposits

    4,347        0        0        4,347        2,065        1,405        877   

Commercial paper

    6,016        0        0        6,016        4,981        1,035        0   

Corporate securities

    116,908        242        (985     116,165        3        11,948        104,214   

Municipal securities

    947        5        0        952        0        48        904   

Mortgage- and asset-backed securities

    16,121        87        (31     16,177        0        17        16,160   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    191,461        574        (1,184     190,851        7,933        18,853        164,065   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

    

             

Total

  $ 206,420      $ 574      $ (1,328   $ 205,666      $ 21,120      $ 20,481      $ 164,065   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

  (1) 

The fair value of Level 1 securities is estimated based on quoted prices in active markets for identical assets or liabilities.

 

 

  (2) 

The fair value of Level 2 securities is estimated based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

 
Derivative Instruments at Gross Fair Value

The following tables show the Company’s derivative instruments at gross fair value as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                          
     December 26, 2015  
     Fair Value of
Derivatives
Designated as
Hedge Instruments
     Fair Value of
Derivatives Not
Designated as
Hedge Instruments
     Total
Fair Value
 

Derivative assets (1):

        

Foreign exchange contracts

   $ 1,021       $ 275       $ 1,296   

Interest rate contracts

   $ 313       $ 0       $ 313   

    

        

Derivative liabilities (2):

        

Foreign exchange contracts

   $ 877       $ 157       $ 1,034   

Interest rate contracts

   $ 30       $ 0       $ 30   

 

                                                                          
     September 26, 2015  
     Fair Value of
Derivatives
Designated as
Hedge Instruments
     Fair Value of
Derivatives Not
Designated as
Hedge Instruments
     Total
Fair Value
 

Derivative assets (1):

        

Foreign exchange contracts

   $ 1,442       $ 109       $ 1,551   

Interest rate contracts

   $ 394       $ 0       $ 394   

    

        

Derivative liabilities (2):

        

Foreign exchange contracts

   $ 905       $ 94       $ 999   

Interest rate contracts

   $ 13       $ 0       $ 13   

 

  (1) 

The fair value of derivative assets is measured using Level 2 fair value inputs and is recorded as other current assets in the Condensed Consolidated Balance Sheets.

 

 

  (2) 

The fair value of derivative liabilities is measured using Level 2 fair value inputs and is recorded as accrued expenses in the Condensed Consolidated Balance Sheets.

 
Pre-Tax Gains and Losses of Derivative and Non-Derivative Instruments Designated as Cash Flow, Net Investment and Fair Value Hedges

The following table shows the pre-tax gains and losses of the Company’s derivative and non-derivative instruments designated as cash flow, net investment and fair value hedges on OCI and the Condensed Consolidated Statements of Operations for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     December 26, 2015      December 27, 2014  

Gains/(Losses) recognized in OCI – effective portion:

     

Cash flow hedges:

     

Foreign exchange contracts

   $ 326       $ 2,501   

Interest rate contracts

     8         (4
  

 

 

    

 

 

 

Total

   $ 334       $ 2,497   
  

 

 

    

 

 

 

    

     

Net investment hedges:

     

Foreign exchange contracts

   $ 0       $ 118   

Foreign currency debt

     10         0   
  

 

 

    

 

 

 

Total

   $ 10       $ 118   
  

 

 

    

 

 

 

    

     

Gains/(Losses) reclassified from AOCI into net income – effective portion:

     

Cash flow hedges:

     

Foreign exchange contracts

   $ 515       $ 667   

Interest rate contracts

     (4      (4
  

 

 

    

 

 

 

Total

   $ 511       $ 663   
  

 

 

    

 

 

 

    

     

Gains/(Losses) on derivative instruments:

     

Fair value hedges:

     

Interest rate contracts

   $ (111    $ 117   
  

 

 

    

 

 

 

    

     

Gains/(Losses) related to hedged items:

     

Fair value hedges:

     

Interest rate contracts

   $ 111       $ (117
  

 

 

    

 

 

 
Notional Amounts of Outstanding Derivative Instruments and Credit Risk Amounts Associated with Outstanding or Unsettled Derivative Instruments

The following table shows the notional amounts of the Company’s outstanding derivative instruments and credit risk amounts associated with outstanding or unsettled derivative instruments as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                   
     December 26, 2015      September 26, 2015  
     Notional
Amount
     Credit Risk
Amount
     Notional
Amount
     Credit Risk
Amount
 

Instruments designated as accounting hedges:

           

Foreign exchange contracts

   $ 59,305       $ 1,021       $ 70,054       $ 1,385   

Interest rate contracts

   $ 18,750       $ 313       $ 18,750       $ 394   

    

           

Instruments not designated as accounting hedges:

           

Foreign exchange contracts

   $ 48,365       $ 275       $ 49,190       $ 109   
v3.3.1.900
Condensed Consolidated Financial Statement Details (Tables)
3 Months Ended
Dec. 26, 2015
Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

 

                                                 
     December 26, 2015      September 26, 2015  

Land and buildings

   $ 7,729       $ 6,956   

Machinery, equipment and internal-use software

     38,039         37,038   

Leasehold improvements

     5,574         5,263   
  

 

 

    

 

 

 

Gross property, plant and equipment

     51,342         49,257   

Accumulated depreciation and amortization

     (29,042      (26,786
  

 

 

    

 

 

 

Total property, plant and equipment, net

   $ 22,300       $ 22,471   
  

 

 

    

 

 

 
Other Non-Current Liabilities

Other Non-Current Liabilities

 

     December 26, 2015      September 26, 2015  

Deferred tax liabilities

   $ 21,617       $ 24,062   

Other non-current liabilities

     10,558         9,365   
  

 

 

    

 

 

 

Total other non-current liabilities

   $ 32,175       $ 33,427   
  

 

 

    

 

 

 

Other Income/(Expense), Net

Other Income/(Expense), Net

The following table shows the detail of other income/(expense), net for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Interest and dividend income

   $ 941       $ 654   

Interest expense

     (276      (131

Other expense, net

     (263      (353
  

 

 

    

 

 

 

Total other income/(expense), net

   $ 402       $ 170   
  

 

 

    

 

 

 
v3.3.1.900
Acquired Intangible Assets (Tables)
3 Months Ended
Dec. 26, 2015
Components of Gross and Net Acquired Intangible Asset Balances

The following table summarizes the components of gross and net acquired intangible asset balances as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                           
     December 26, 2015      September 26, 2015  
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 

Definite-lived and amortizable
acquired intangible assets

   $ 8,490       $ (4,666   $ 3,824       $ 8,125       $ (4,332   $ 3,793   

Indefinite-lived and non-amortizable
acquired intangible assets

     100         0        100         100         0        100   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total acquired intangible assets

   $ 8,590       $ (4,666   $ 3,924       $ 8,225       $ (4,332   $ 3,893   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
Components of Gross and Net Acquired Intangible Asset Balances

The following table summarizes the components of gross and net acquired intangible asset balances as of December 26, 2015 and September 26, 2015 (in millions):

 

                                                                                                           
     December 26, 2015      September 26, 2015  
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 

Definite-lived and amortizable
acquired intangible assets

   $ 8,490       $ (4,666   $ 3,824       $ 8,125       $ (4,332   $ 3,793   

Indefinite-lived and non-amortizable
acquired intangible assets

     100         0        100         100         0        100   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total acquired intangible assets

   $ 8,590       $ (4,666   $ 3,924       $ 8,225       $ (4,332   $ 3,893   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
v3.3.1.900
Debt (Tables)
3 Months Ended
Dec. 26, 2015
Summary of Cash Flows Associated With Issuance and Maturities of Commercial Paper

The following table provides a summary of cash flows associated with the issuance and maturities of Commercial Paper for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Maturities less than 90 days:

     

Proceeds from (repayments of) commercial paper, net

   $ (393    $ 62   

    

     

Maturities greater than 90 days:

     

Proceeds from commercial paper

     492         197   

Repayments of commercial paper

     (1,339      (2,668
  

 

 

    

 

 

 

Proceeds from (repayments of) commercial paper, net

     (847      (2,471
  

 

 

    

 

 

 

Total change in commercial paper, net

   $ (1,240    $ (2,409
  

 

 

    

 

 

 
Summary of Term Debt

The following table provides a summary of the Company’s term debt as of December 26, 2015 and September 26, 2015:

 

                                                                                                                            
    Maturities     December, 26, 2015     September 26, 2015  
      Amount
(in millions)
    Effective
Interest Rate
    Amount
(in millions)
    Effective
Interest Rate
 

2013 debt issuance of $17.0 billion:

         

Floating-rate notes

    2016 - 2018      $ 3,000        0.51% - 1.10%      $ 3,000        0.51% - 1.10%   

Fixed-rate 0.45% - 3.85% notes

    2016 - 2043        14,000        0.51% - 3.91%        14,000        0.51% - 3.91%   
         

2014 debt issuance of $12.0 billion:

         

Floating-rate notes

    2017 - 2019        2,000        0.41% - 0.64%        2,000        0.37% - 0.60%   

Fixed-rate 1.05% - 4.45% notes

    2017 - 2044        10,000        0.40% - 4.48%        10,000        0.37% - 4.48%   
         

2015 debt issuances of $27.3 billion:

         

Floating-rate notes

    2017 - 2020        1,755        0.41% - 1.87%        1,743        0.36% - 1.87%   

Fixed-rate 0.35% - 4.375% notes

    2017 - 2045        24,793        0.28% - 4.51%        24,958        0.28% - 4.51%   
   

 

 

     

 

 

   

Total term debt

      55,548          55,701     

Unamortized discount

      (109       (114  

Hedge accounting fair value adjustments

      265          376     

Less: Current portion of long-term debt

      (2,500       (2,500  
   

 

 

     

 

 

   

Total long-term debt

    $ 53,204        $ 53,463     
   

 

 

     

 

 

   
v3.3.1.900
Shareholders' Equity (Tables)
3 Months Ended
Dec. 26, 2015
Cash Dividends Declared and Paid Per Share

The Company declared and paid cash dividends per share during the periods presented as follows:

 

                                                 
     Dividends
Per Share
     Amount
(in millions)
 

2016:

     

First quarter

   $ 0.52       $ 2,898   
               

2015:

     

Fourth quarter

   $ 0.52       $ 2,950   

Third quarter

     0.52         2,997   

Second quarter

     0.47         2,734   

First quarter

     0.47         2,750   
  

 

 

    

 

 

 

Total cash dividends declared and paid

   $ 1.98       $ 11,431   
  

 

 

    

 

 

 
Accelerated Share Repurchase Activity and Related Information

The following table shows the Company’s ASR activity and related information during the three months ended December 26, 2015 and the year ended September 26, 2015:

 

                                                                                                   
     Purchase Period
End Date
     Number of
Shares

(in thousands)
     Average
Repurchase
Price
Per Share
     ASR
Amount

(in millions)
 

November 2015 ASR

     April 2016         20,382 (1)       $      (1)       $ 3,000   

May 2015 ASR

     July 2015         48,293           $ 124.24       $ 6,000   

August 2014 ASR

     February 2015         81,525           $ 110.40       $ 9,000   

January 2014 ASR

     December 2014         134,247           $ 89.39       $ 12,000   

 

  (1) 

“Number of Shares” represents those shares delivered in the beginning of the purchase period and does not represent the final number of shares to be delivered under the ASR. The total number of shares ultimately delivered, and therefore the average repurchase price paid per share, will be determined at the end of the applicable purchase period based on the volume-weighted average price of the Company’s common stock during that period. The November 2015 ASR purchase period will end in or before April 2016.

 
Repurchases of Common Shares in Open Market

Additionally, the Company repurchased shares of its common stock in the open market, which were retired upon repurchase, during the periods presented as follows:

 

                                                                          
     Number of
Shares

(in thousands)
     Average
Repurchase
Price
Per Share
     Amount
(in millions)
 

2016:

        

First quarter

     25,984       $ 115.45       $ 3,000   

    

        

2015:

        

Fourth quarter

     121,802       $ 115.15       $ 14,026   

Third quarter

     31,231       $ 128.08         4,000   

Second quarter

     56,400       $ 124.11         7,000   

First quarter

     45,704       $ 109.40         5,000   
  

 

 

       

 

 

 

Total open market common stock repurchases

     255,137          $ 30,026   
  

 

 

       

 

 

 
v3.3.1.900
Comprehensive Income (Tables)
3 Months Ended
Dec. 26, 2015
Pre-tax Amounts Reclassified from AOCI into Condensed Consolidated Statements of Operations

The following table shows the pre-tax amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line item, for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                  

Comprehensive Income Components

 

Financial Statement

Line Item

   December 26, 2015      December 27, 2014  

Unrealized (gains)/losses on derivative instruments:

       

Foreign exchange contracts

  Revenue    $ (329    $ (449
  Cost of sales      (306      (313
  Other income/(expense), net      120         95   

Interest rate contracts

  Other income/(expense), net      4         4   
    

 

 

    

 

 

 
       (511      (663

Unrealized (gains)/losses on marketable securities

  Other income/(expense), net      73         (22
    

 

 

    

 

 

 

Total amounts reclassified from AOCI

   $ (438    $ (685
    

 

 

    

 

 

 
Change in Accumulated Other Comprehensive Income by Component

The following table shows the changes in AOCI by component for the three months ended December 26, 2015 (in millions):

 

                                                                                                   
    Cumulative
Foreign
Currency
Translation
     Unrealized
Gains/Losses
on Derivative
Instruments
     Unrealized
Gains/Losses
on Marketable
Securities
     Total  

Balance at September 26, 2015

  $ (653    $ 772       $ (464    $ (345
 

 

 

    

 

 

    

 

 

    

 

 

 

Other comprehensive income/(loss) before reclassifications

    (121      325         (1,430      (1,226

Amounts reclassified from AOCI

    0         (511      73         (438

Tax effect

    19         28         482         529   
 

 

 

    

 

 

    

 

 

    

 

 

 

Other comprehensive income/(loss)

    (102      (158      (875      (1,135
 

 

 

    

 

 

    

 

 

    

 

 

 

Balance at December 26, 2015

  $ (755    $ 614       $ (1,339    $ (1,480
 

 

 

    

 

 

    

 

 

    

 

 

 
v3.3.1.900
Benefit Plans (Tables)
3 Months Ended
Dec. 26, 2015
Restricted Stock Activity

A summary of the Company’s RSU activity and related information for the three months ended December 26, 2015 is as follows:

 

                                                                          
     Number of
RSUs
(in thousands)
     Weighted-Average
Grant Date Fair
Value Per Share
     Aggregate
Intrinsic Value
(in millions)
 

Balance at September 26, 2015

     101,467       $ 85.77      

RSUs granted

     41,082       $ 111.31      

RSUs vested

     (17,923    $ 79.24      

RSUs cancelled

     (1,282    $ 90.95      
  

 

 

       

Balance at December 26, 2015

     123,344       $ 95.09       $ 13,325   
  

 

 

       
Summary of Share-Based Compensation Expense

The following table shows a summary of the share-based compensation expense included in the Condensed Consolidated Statements of Operations for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Cost of sales

   $ 204       $ 140   

Research and development

     466         374   

Selling, general and administrative

     408         374   
  

 

 

    

 

 

 

Total share-based compensation expense

   $ 1,078       $ 888   
  

 

 

    

 

 

 
v3.3.1.900
Commitments and Contingencies (Tables)
3 Months Ended
Dec. 26, 2015
Changes in Accrued Warranties and Related Costs

The following table shows changes in the Company’s accrued warranties and related costs for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Beginning accrued warranty and related costs

   $ 4,780       $ 4,159   

Cost of warranty claims

     (1,269      (1,044

Accruals for product warranty

     1,725         2,080   
  

 

 

    

 

 

 

Ending accrued warranty and related costs

   $ 5,236       $ 5,195   
  

 

 

    

 

 

 
v3.3.1.900
Segment Information and Geographic Data (Tables)
3 Months Ended
Dec. 26, 2015
Summary Information by Operating Segment

The following table shows information by reportable operating segment for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Americas:

     

Net sales

   $ 29,325       $ 30,566   

Operating income

   $ 10,018       $ 10,701   

    

     

Europe:

     

Net sales

   $ 17,932       $ 17,214   

Operating income

   $ 5,779       $ 5,882   

Greater China:

     

Net sales

   $ 18,373       $ 16,144   

Operating income

   $ 7,576       $ 6,366   

    

     

Japan:

     

Net sales

   $ 4,794       $ 5,448   

Operating income

   $ 2,240       $ 2,488   

Rest of Asia Pacific:

     

Net sales

   $ 5,448       $ 5,227   

Operating income

   $ 2,032       $ 1,849   
Reconciliation of Segment Operating Income to Condensed Consolidated Statements of Operations

A reconciliation of the Company’s segment operating income to the Condensed Consolidated Statements of Operations for the three months ended December 26, 2015 and December 27, 2014 (in millions):

 

                                                 
     Three Months Ended  
     December 26, 2015      December 27, 2014  

Segment operating income

   $ 27,645       $ 27,286   

Research and development expense

     (2,404      (1,895

Other corporate expenses, net

     (1,070      (1,145
  

 

 

    

 

 

 

Total operating income

   $ 24,171       $ 24,246   
  

 

 

    

 

 

 
v3.3.1.900
Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Numerator:    
Net income $ 18,361 $ 18,024
Denominator:    
Weighted-average shares outstanding 5,558,930 5,843,082
Effect of dilutive securities 35,197 38,721
Weighted-average diluted shares 5,594,127 5,881,803
Basic earnings per share $ 3.30 $ 3.08
Diluted earnings per share $ 3.28 $ 3.06
v3.3.1.900
Cash and Available-for-Sale Securities' Adjusted Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents or Short-Term or Long-Term Marketable Securities (Detail) - USD ($)
$ in Millions
Dec. 26, 2015
Sep. 26, 2015
Dec. 27, 2014
Sep. 27, 2014
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost $ 217,820 $ 206,420    
Unrealized Gains 234 574    
Unrealized Losses (2,315) (1,328)    
Fair Value 215,739 205,666    
Cash and cash equivalents 16,689 21,120 $ 19,478 $ 13,844
Short-term marketable securities 21,385 20,481    
Long-term marketable securities 177,665 164,065    
Cash        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost 11,152 11,389    
Unrealized Gains 0 0    
Unrealized Losses 0 0    
Fair Value 11,152 11,389    
Cash and cash equivalents 11,152 11,389    
Short-term marketable securities 0 0    
Long-term marketable securities 0 0    
Level 1        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [1] 5,289 3,570    
Unrealized Gains [1] 0 0    
Unrealized Losses [1] (206) (144)    
Fair Value [1] 5,083 3,426    
Cash and cash equivalents [1] 3,517 1,798    
Short-term marketable securities [1] 1,566 1,628    
Long-term marketable securities [1] 0 0    
Level 1 | Money market funds        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [1] 3,517 1,798    
Unrealized Gains [1] 0 0    
Unrealized Losses [1] 0 0    
Fair Value [1] 3,517 1,798    
Cash and cash equivalents [1] 3,517 1,798    
Short-term marketable securities [1] 0 0    
Long-term marketable securities [1] 0 0    
Level 1 | Mutual funds        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [1] 1,772 1,772    
Unrealized Gains [1] 0 0    
Unrealized Losses [1] (206) (144)    
Fair Value [1] 1,566 1,628    
Cash and cash equivalents [1] 0 0    
Short-term marketable securities [1] 1,566 1,628    
Long-term marketable securities [1] 0 0    
Level 2        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [2] 201,379 191,461    
Unrealized Gains [2] 234 574    
Unrealized Losses [2] (2,109) (1,184)    
Fair Value [2] 199,504 190,851    
Cash and cash equivalents [2] 2,020 7,933    
Short-term marketable securities [2] 19,819 18,853    
Long-term marketable securities [2] 177,665 164,065    
Level 2 | U.S. Treasury securities        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [2] 40,739 34,902    
Unrealized Gains [2] 43 181    
Unrealized Losses [2] (108) (1)    
Fair Value [2] 40,674 35,082    
Cash and cash equivalents [2] 203 0    
Short-term marketable securities [2] 1,602 3,498    
Long-term marketable securities [2] 38,869 31,584    
Level 2 | U.S. agency securities        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [2] 5,307 5,864    
Unrealized Gains [2] 2 14    
Unrealized Losses [2] (10) 0    
Fair Value [2] 5,299 5,878    
Cash and cash equivalents [2] 469 841    
Short-term marketable securities [2] 865 767    
Long-term marketable securities [2] 3,965 4,270    
Level 2 | Non-U.S. government securities        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [2] 6,530 6,356    
Unrealized Gains [2] 31 45    
Unrealized Losses [2] (201) (167)    
Fair Value [2] 6,360 6,234    
Cash and cash equivalents [2] 0 43    
Short-term marketable securities [2] 454 135    
Long-term marketable securities [2] 5,906 6,056    
Level 2 | Certificates of deposit and time deposits        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [2] 2,986 4,347    
Unrealized Gains [2] 0 0    
Unrealized Losses [2] 0 0    
Fair Value [2] 2,986 4,347    
Cash and cash equivalents [2] 258 2,065    
Short-term marketable securities [2] 1,424 1,405    
Long-term marketable securities [2] 1,304 877    
Level 2 | Commercial paper        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [2] 2,236 6,016    
Unrealized Gains [2] 0 0    
Unrealized Losses [2] 0 0    
Fair Value [2] 2,236 6,016    
Cash and cash equivalents [2] 1,089 4,981    
Short-term marketable securities [2] 895 1,035    
Long-term marketable securities [2] 252 0    
Level 2 | Corporate securities        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [2] 125,000 116,908    
Unrealized Gains [2] 132 242    
Unrealized Losses [2] (1,684) (985)    
Fair Value [2] 123,448 116,165    
Cash and cash equivalents [2] 1 3    
Short-term marketable securities [2] 14,463 11,948    
Long-term marketable securities [2] 108,984 104,214    
Level 2 | Municipal securities        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [2] 946 947    
Unrealized Gains [2] 3 5    
Unrealized Losses [2] (1) 0    
Fair Value [2] 948 952    
Cash and cash equivalents [2] 0 0    
Short-term marketable securities [2] 28 48    
Long-term marketable securities [2] 920 904    
Level 2 | Mortgage- and asset-backed securities        
Schedule of Available-for-sale Securities [Line Items]        
Adjusted Cost [2] 17,635 16,121    
Unrealized Gains [2] 23 87    
Unrealized Losses [2] (105) (31)    
Fair Value [2] 17,553 16,177    
Cash and cash equivalents [2] 0 0    
Short-term marketable securities [2] 88 17    
Long-term marketable securities [2] $ 17,465 $ 16,160    
[1] The fair value of Level 1 securities is estimated based on quoted prices in active markets for identical assets or liabilities.
[2] The fair value of Level 2 securities is estimated based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
v3.3.1.900
Financial Instruments - Additional Information (Detail)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 26, 2015
USD ($)
Vendor
Customer
Sep. 26, 2015
USD ($)
Vendor
Customer
Financial Instruments [Line Items]    
Maturities of long-term marketable securities, minimum 1 year  
Maturities of long-term marketable securities, maximum 5 years  
Hedged foreign currency transactions, typical term 12 months  
Hedged interest rate transactions, expected period to be recognized 9 years  
Net cash collateral received, derivative instruments $ 660 $ 1,000
Reduction to derivative assets by rights of set-off associated with derivative contracts 1,700 2,200
Reduction to derivative liabilities by rights of set-off associated with derivative contracts 1,700 2,200
Net derivative assets (liabilities) $ (116) $ (78)
Number of customers representing 10% or more of trade receivables | Customer 0 1
Number of vendors representing a significant portion of non-trade receivables | Vendor 3 3
Trade Receivables | Credit Concentration Risk | Customer One    
Financial Instruments [Line Items]    
Concentration risk, percentage   12.00%
Trade Receivables | Credit Concentration Risk | Cellular Network Carriers    
Financial Instruments [Line Items]    
Concentration risk, percentage 50.00% 71.00%
Non-Trade Receivables | Credit Concentration Risk | Vendor One    
Financial Instruments [Line Items]    
Concentration risk, percentage 51.00% 38.00%
Non-Trade Receivables | Credit Concentration Risk | Vendor Two    
Financial Instruments [Line Items]    
Concentration risk, percentage 14.00% 18.00%
Non-Trade Receivables | Credit Concentration Risk | Vendor Three    
Financial Instruments [Line Items]    
Concentration risk, percentage 10.00% 14.00%
v3.3.1.900
Derivative Instruments at Gross Fair Value (Detail) - Level 2 - USD ($)
$ in Millions
Dec. 26, 2015
Sep. 26, 2015
Foreign exchange contracts | Other Current Assets    
Derivative assets:    
Fair Value of Derivative Assets [1] $ 1,296 $ 1,551
Foreign exchange contracts | Accrued expenses    
Derivative liabilities:    
Fair Value of Derivative Liabilities [2] 1,034 999
Interest rate contracts | Other Current Assets    
Derivative assets:    
Fair Value of Derivative Assets [1] 313 394
Interest rate contracts | Accrued expenses    
Derivative liabilities:    
Fair Value of Derivative Liabilities [2] 30 13
Derivatives Designated as Hedging Instruments | Foreign exchange contracts | Other Current Assets    
Derivative assets:    
Fair Value of Derivative Assets [1] 1,021 1,442
Derivatives Designated as Hedging Instruments | Foreign exchange contracts | Accrued expenses    
Derivative liabilities:    
Fair Value of Derivative Liabilities [2] 877 905
Derivatives Designated as Hedging Instruments | Interest rate contracts | Other Current Assets    
Derivative assets:    
Fair Value of Derivative Assets [1] 313 394
Derivatives Designated as Hedging Instruments | Interest rate contracts | Accrued expenses    
Derivative liabilities:    
Fair Value of Derivative Liabilities [2] 30 13
Not Designated as Hedging Instrument | Foreign exchange contracts | Other Current Assets    
Derivative assets:    
Fair Value of Derivative Assets [1] 275 109
Not Designated as Hedging Instrument | Foreign exchange contracts | Accrued expenses    
Derivative liabilities:    
Fair Value of Derivative Liabilities [2] 157 94
Not Designated as Hedging Instrument | Interest rate contracts | Other Current Assets    
Derivative assets:    
Fair Value of Derivative Assets [1] 0 0
Not Designated as Hedging Instrument | Interest rate contracts | Accrued expenses    
Derivative liabilities:    
Fair Value of Derivative Liabilities [2] $ 0 $ 0
[1] The fair value of derivative assets is measured using Level 2 fair value inputs and is recorded as other current assets in the Condensed Consolidated Balance Sheets.
[2] The fair value of derivative liabilities is measured using Level 2 fair value inputs and is recorded as accrued expenses in the Condensed Consolidated Balance Sheets.
v3.3.1.900
Pre-Tax Gains and Losses of Derivative and Non-Derivative Instruments Designated as Cash Flow, Net Investment and Fair Value Hedges (Detail) - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Cash flow hedges    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains/(Losses) recognized in OCI - effective portion $ 334 $ 2,497
Gains/(Losses) reclassified from AOCI into net income - effective portion 511 663
Cash flow hedges | Foreign exchange contracts    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains/(Losses) recognized in OCI - effective portion 326 2,501
Gains/(Losses) reclassified from AOCI into net income - effective portion 515 667
Cash flow hedges | Interest rate contracts    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains/(Losses) recognized in OCI - effective portion 8 (4)
Gains/(Losses) reclassified from AOCI into net income - effective portion (4) (4)
Net investment hedges    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains/(Losses) recognized in OCI - effective portion 10 118
Net investment hedges | Foreign exchange contracts    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains/(Losses) recognized in OCI - effective portion 0 118
Net investment hedges | Foreign currency debt    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains/(Losses) recognized in OCI - effective portion 10 0
Fair value hedges | Interest rate contracts    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains/(Losses) on derivative instruments (111) 117
Gains/(Losses) related to hedged items $ 111 $ (117)
v3.3.1.900
Notional Amounts of Outstanding Derivative Instruments and Credit Risk Amounts Associated with Outstanding or Unsettled Derivative Instruments (Detail) - USD ($)
$ in Millions
Dec. 26, 2015
Sep. 26, 2015
Derivatives Designated as Hedging Instruments | Foreign exchange contracts    
Derivative [Line Items]    
Notional Amount $ 59,305 $ 70,054
Credit Risk 1,021 1,385
Derivatives Designated as Hedging Instruments | Interest rate contracts    
Derivative [Line Items]    
Notional Amount 18,750 18,750
Credit Risk 313 394
Not Designated as Hedging Instrument | Foreign exchange contracts    
Derivative [Line Items]    
Notional Amount 48,365 49,190
Credit Risk $ 275 $ 109
v3.3.1.900
Property, Plant and Equipment, Net (Detail) - USD ($)
$ in Millions
Dec. 26, 2015
Sep. 26, 2015
Property, Plant and Equipment [Line Items]    
Gross property, plant and equipment $ 51,342 $ 49,257
Accumulated depreciation and amortization (29,042) (26,786)
Total property, plant and equipment, net 22,300 22,471
Land and Buildings    
Property, Plant and Equipment [Line Items]    
Gross property, plant and equipment 7,729 6,956
Machinery, Equipment and Internal-Use Software    
Property, Plant and Equipment [Line Items]    
Gross property, plant and equipment 38,039 37,038
Leasehold Improvements    
Property, Plant and Equipment [Line Items]    
Gross property, plant and equipment $ 5,574 $ 5,263
v3.3.1.900
Other Non-Current Liabilities (Detail) - USD ($)
$ in Millions
Dec. 26, 2015
Sep. 26, 2015
Schedule of Other Liabilities [Line Items]    
Deferred tax liabilities $ 21,617 $ 24,062
Other non-current liabilities 10,558 9,365
Total other non-current liabilities $ 32,175 $ 33,427
v3.3.1.900
Other Income/(Expense), Net (Detail) - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Other Income Expense [Line Items]    
Interest and dividend income $ 941 $ 654
Interest expense (276) (131)
Other expense, net (263) (353)
Total other income/(expense), net $ 402 $ 170
v3.3.1.900
Acquired Intangible Assets - Additional Information (Detail)
3 Months Ended
Dec. 26, 2015
Minimum  
Acquired Finite-Lived Intangible Assets [Line Items]  
Amortized acquired intangible assets with definite lives useful period (in years) 3 years
Maximum  
Acquired Finite-Lived Intangible Assets [Line Items]  
Amortized acquired intangible assets with definite lives useful period (in years) 7 years
v3.3.1.900
Components of Gross and Net Acquired Intangible Asset Balances (Detail) - USD ($)
$ in Millions
Dec. 26, 2015
Sep. 26, 2015
Acquired Intangible Assets [Line Items]    
Definite-lived and amortizable acquired intangible assets, Gross Carrying Amount $ 8,490 $ 8,125
Definite-lived and amortizable acquired intangible assets, Accumulated Amortization (4,666) (4,332)
Definite-lived and amortizable acquired intangible assets, Net Carrying Amount 3,824 3,793
Indefinite-lived and non-amortizable acquired intangible assets 100 100
Total acquired intangible assets, Net Carrying Amount $ 3,924 $ 3,893
v3.3.1.900
Income Taxes - Additional Information (Detail)
$ in Billions
Jun. 11, 2014
Subsidiary
Dec. 26, 2015
USD ($)
Sep. 26, 2015
USD ($)
Income Tax Contingency [Line Items]      
Gross unrecognized tax benefits   $ 7.4 $ 6.9
Gross unrecognized tax benefits that would affect effective tax rate, if recognized   2.7 2.5
Unrecognized tax benefits, gross interest and penalties accrued   $ 1.4 $ 1.3
European Commission      
Income Tax Contingency [Line Items]      
Income Tax Contingency, Number of Subsidiaries | Subsidiary 2    
European Commission | Maximum      
Income Tax Contingency [Line Items]      
Income Tax Contingency, Period of Occurrence 10 years    
v3.3.1.900
Debt - Additional Information (Detail)
$ in Millions, ¥ in Billions
3 Months Ended
Dec. 26, 2015
USD ($)
Dec. 27, 2014
USD ($)
Dec. 26, 2015
JPY (¥)
Sep. 26, 2015
USD ($)
Debt Instrument [Line Items]        
Commercial paper $ 7,259     $ 8,499
Debt instrument aggregate principal amount 55,548     55,701
Interest expense 271 $ 128    
Net investment hedges | Third quarter 2015 Japanese yen-denominated debt issuance        
Debt Instrument [Line Items]        
Debt instrument, face amount | ¥     ¥ 118.0  
Debt instrument, senior notes $ 1,000     $ 2,100
Commercial paper        
Debt Instrument [Line Items]        
Commercial paper, weighted-average interest rate 0.20%   0.20% 0.14%
Commercial paper | Maximum        
Debt Instrument [Line Items]        
Commercial paper, maturity period 9 months      
Level 2        
Debt Instrument [Line Items]        
Debt instrument fair value $ 55,100     $ 54,900
v3.3.1.900
Summary of Cash Flows Associated With Issuance and Maturities of Commercial Paper (Detail) - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Maturities less than 90 days:    
Proceeds from (repayments of) commercial paper, net $ (393) $ 62
Maturities greater than 90 days:    
Proceeds from commercial paper 492 197
Repayments of commercial paper (1,339) (2,668)
Proceeds from (repayments of) commercial paper, net (847) (2,471)
Total change in commercial paper, net $ (1,240) $ (2,409)
v3.3.1.900
Summary of Term Debt (Detail) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 26, 2015
Sep. 26, 2015
Debt Instrument [Line Items]    
Total term debt $ 55,548 $ 55,701
Unamortized discount (109) (114)
Hedge accounting fair value adjustments 265 376
Less: Current portion of long-term debt (2,500) (2,500)
Total long-term debt 53,204 53,463
2013 debt issuance | Floating-rate notes    
Debt Instrument [Line Items]    
Debt instrument, senior notes $ 3,000 $ 3,000
Debt instrument maturity year, start 2016 2016
Debt instrument maturity year, end 2018 2018
Debt instrument effective interest rate, minimum 0.51% 0.51%
Debt instrument effective interest rate, maximum 1.10% 1.10%
2013 debt issuance | Fixed-rate 0.45% - 3.85% notes    
Debt Instrument [Line Items]    
Debt instrument, senior notes $ 14,000 $ 14,000
Debt instrument maturity year, start 2016 2016
Debt instrument maturity year, end 2043 2043
Debt instrument effective interest rate, minimum 0.51% 0.51%
Debt instrument effective interest rate, maximum 3.91% 3.91%
2014 debt issuance | Floating-rate notes    
Debt Instrument [Line Items]    
Debt instrument, senior notes $ 2,000 $ 2,000
Debt instrument maturity year, start 2017 2017
Debt instrument maturity year, end 2019 2019
Debt instrument effective interest rate, minimum 0.41% 0.37%
Debt instrument effective interest rate, maximum 0.64% 0.60%
2014 debt issuance | Fixed-rate 1.05% - 4.45% notes    
Debt Instrument [Line Items]    
Debt instrument, senior notes $ 10,000 $ 10,000
Debt instrument maturity year, start 2017 2017
Debt instrument maturity year, end 2044 2044
Debt instrument effective interest rate, minimum 0.40% 0.37%
Debt instrument effective interest rate, maximum 4.48% 4.48%
2015 debt issuances | Floating-rate notes    
Debt Instrument [Line Items]    
Debt instrument, senior notes $ 1,755 $ 1,743
Debt instrument maturity year, start 2017 2017
Debt instrument maturity year, end 2020 2020
Debt instrument effective interest rate, minimum 0.41% 0.36%
Debt instrument effective interest rate, maximum 1.87% 1.87%
2015 debt issuances | Fixed-rate 0.35% - 4.375% notes    
Debt Instrument [Line Items]    
Debt instrument, senior notes $ 24,793 $ 24,958
Debt instrument maturity year, start 2017 2017
Debt instrument maturity year, end 2045 2045
Debt instrument effective interest rate, minimum 0.28% 0.28%
Debt instrument effective interest rate, maximum 4.51% 4.51%
v3.3.1.900
Summary of Term Debt (Parenthetical) (Detail) - USD ($)
$ in Billions
3 Months Ended 12 Months Ended
Dec. 26, 2015
Sep. 26, 2015
2013 debt issuance    
Debt Instrument [Line Items]    
Debt instrument, face amount $ 17.0 $ 17.0
2014 debt issuance    
Debt Instrument [Line Items]    
Debt instrument, face amount 12.0 $ 12.0
2015 debt issuances    
Debt Instrument [Line Items]    
Debt instrument, face amount $ 27.3  
Fixed-rate 0.45% - 3.85% notes | 2013 debt issuance    
Debt Instrument [Line Items]    
Debt instrument interest rate, minimum 0.45% 0.45%
Debt instrument interest rate, maximum 3.85% 3.85%
Fixed-rate 1.05% - 4.45% notes | 2014 debt issuance    
Debt Instrument [Line Items]    
Debt instrument interest rate, minimum 1.05% 1.05%
Debt instrument interest rate, maximum 4.45% 4.45%
Fixed-rate 0.35% - 4.375% notes | 2015 debt issuances    
Debt Instrument [Line Items]    
Debt instrument interest rate, minimum 0.35% 0.35%
Debt instrument interest rate, maximum 4.375% 4.375%
v3.3.1.900
Summary of Dividends Declared and Paid (Detail) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 26, 2015
Sep. 26, 2015
Jun. 27, 2015
Mar. 28, 2015
Dec. 27, 2014
Sep. 26, 2015
Dividends [Line Items]            
Dividend Per Share $ 0.52 $ 0.52 $ 0.52 $ 0.47 $ 0.47 $ 1.98
Amount $ 2,898 $ 2,950 $ 2,997 $ 2,734 $ 2,750 $ 11,431
v3.3.1.900
Shareholders' Equity - Additional Information (Detail) - USD ($)
Dec. 26, 2015
Sep. 26, 2015
Stockholders Equity Note Disclosure [Line Items]    
Maximum amount authorized for repurchase of common stock   $ 140,000,000,000
Share repurchase program, utilized amount $ 110,000,000,000  
v3.3.1.900
Accelerated Share Repurchase Activity and Related Information (Detail) - USD ($)
$ / shares in Units, shares in Thousands
2 Months Ended 3 Months Ended 7 Months Ended 12 Months Ended
Dec. 26, 2015
Jul. 31, 2015
Feb. 28, 2015
Dec. 27, 2014
November 2015 ASR        
Accelerated Share Repurchases [Line Items]        
Purchase Period End Date 2016-04      
Number of Shares [1] 20,382      
Average Repurchase Price Per Share [1]      
ASR Amount $ 3,000,000,000      
May 2015 ASR        
Accelerated Share Repurchases [Line Items]        
Purchase Period End Date   2015-07    
Number of Shares   48,293    
Average Repurchase Price Per Share   $ 124.24    
ASR Amount   $ 6,000,000,000    
August 2014 ASR        
Accelerated Share Repurchases [Line Items]        
Purchase Period End Date     2015-02  
Number of Shares     81,525  
Average Repurchase Price Per Share     $ 110.40  
ASR Amount     $ 9,000,000,000  
January 2014 ASR        
Accelerated Share Repurchases [Line Items]        
Purchase Period End Date       2014-12
Number of Shares       134,247
Average Repurchase Price Per Share       $ 89.39
ASR Amount       $ 12,000,000,000
[1] "Number of Shares" represents those shares delivered in the beginning of the purchase period and does not represent the final number of shares to be delivered under the ASR. The total number of shares ultimately delivered, and therefore the average repurchase price paid per share, will be determined at the end of the applicable purchase period based on the volume-weighted average price of the Company's common stock during that period. The November 2015 ASR purchase period will end in or before April 2016.
v3.3.1.900
Repurchases of Common Shares in Open Market (Detail) - Open Market Repurchases - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended 12 Months Ended
Dec. 26, 2015
Sep. 26, 2015
Jun. 27, 2015
Mar. 28, 2015
Dec. 27, 2014
Sep. 26, 2015
Stock Repurchase Program [Line Items]            
Number of Shares 25,984 121,802 31,231 56,400 45,704 255,137
Average Repurchase Price Per Share $ 115.45 $ 115.15 $ 128.08 $ 124.11 $ 109.40  
Amount $ 3,000 $ 14,026 $ 4,000 $ 7,000 $ 5,000 $ 30,026
v3.3.1.900
Pre-tax Amounts Reclassified from AOCI into Condensed Consolidated Statements of Operations (Detail) - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Unrealized (gains)/losses on derivative instruments reclassified from AOCI $ (511) $ (663)
Unrealized (gains)/losses on marketable securities reclassified from AOCI 73 (22)
Total amounts reclassified from AOCI (438) (685)
Foreign exchange contracts | Revenue    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Unrealized (gains)/losses on derivative instruments reclassified from AOCI (329) (449)
Foreign exchange contracts | Cost of sales    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Unrealized (gains)/losses on derivative instruments reclassified from AOCI (306) (313)
Foreign exchange contracts | Other income/expense, net    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Unrealized (gains)/losses on derivative instruments reclassified from AOCI 120 95
Interest rate contracts | Other income/expense, net    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Unrealized (gains)/losses on derivative instruments reclassified from AOCI $ 4 $ 4
v3.3.1.900
Change in Accumulated Other Comprehensive Income by Component (Detail) - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning balance $ (345)  
Other comprehensive income/(loss) before reclassifications (1,226)  
Amounts reclassified from AOCI (438) $ (685)
Tax effect 529  
Total other comprehensive income/(loss) (1,135) $ 881
Ending balance (1,480)  
Cumulative Foreign Currency Translation    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning balance (653)  
Other comprehensive income/(loss) before reclassifications (121)  
Amounts reclassified from AOCI 0  
Tax effect 19  
Total other comprehensive income/(loss) (102)  
Ending balance (755)  
Unrealized Gains/Losses on Derivative Instruments    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning balance 772  
Other comprehensive income/(loss) before reclassifications 325  
Amounts reclassified from AOCI (511)  
Tax effect 28  
Total other comprehensive income/(loss) (158)  
Ending balance 614  
Unrealized Gains/Losses on Marketable Securities    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning balance (464)  
Other comprehensive income/(loss) before reclassifications (1,430)  
Amounts reclassified from AOCI 73  
Tax effect 482  
Total other comprehensive income/(loss) (875)  
Ending balance $ (1,339)  
v3.3.1.900
Benefit Plans - Additional Information (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Shares reserved for future issuance under stock plans (in shares) 376.5  
RSUs granted vesting period 4 years  
Fair value of vested RSUs as of vesting date $ 2,000 $ 1,700
Stock options outstanding 1.1  
Stock options, Weighted average exercise price per share $ 15.24  
Stock options, Weighted average remaining contractual term 4 years  
Stock options, Aggregate intrinsic value $ 106  
Income tax benefit related to share-based compensation expense 413 $ 351
Total unrecognized compensation cost on stock options and RSUs $ 10,000  
Total unrecognized compensation cost on stock options and RSUs, weighted-average recognition period (in years) 3 years  
v3.3.1.900
Restricted Stock Units Activity and Related Information (Detail) - Restricted Stock Units
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended
Dec. 26, 2015
USD ($)
$ / shares
shares
Number of Restricted Stock Units  
Beginning Balance | shares 101,467
Restricted stock units granted | shares 41,082
Restricted stock units vested | shares (17,923)
Restricted stock units cancelled | shares (1,282)
Ending Balance | shares 123,344
Weighted-Average Grant Date Fair Value Per Share  
Beginning Balance | $ / shares $ 85.77
Restricted stock units granted | $ / shares 111.31
Restricted stock units vested | $ / shares 79.24
Restricted stock units cancelled | $ / shares 90.95
Ending Balance | $ / shares $ 95.09
Aggregate Intrinsic Value  
Aggregate intrinsic value of Restricted stock units | $ $ 13,325
v3.3.1.900
Summary of Share-Based Compensation Expense (Detail) - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]    
Share-based compensation expense $ 1,078 $ 888
Cost of sales    
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]    
Share-based compensation expense 204 140
Research and Development    
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]    
Share-based compensation expense 466 374
Selling, General and Administrative    
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]    
Share-based compensation expense $ 408 $ 374
v3.3.1.900
Changes in Accrued Warranties and Related Costs (Detail) - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Movement in Standard Product Warranty Accrual [Roll Forward]    
Beginning accrued warranty and related costs $ 4,780 $ 4,159
Cost of warranty claims (1,269) (1,044)
Accruals for product warranty 1,725 2,080
Ending accrued warranty and related costs $ 5,236 $ 5,195
v3.3.1.900
Commitments and Contingencies - Additional Information (Detail)
$ in Millions
1 Months Ended 3 Months Ended
Dec. 26, 2015
USD ($)
Store
Dec. 26, 2015
USD ($)
Store
May. 18, 2015
USD ($)
Mar. 06, 2014
USD ($)
Aug. 24, 2012
USD ($)
Commitments and Contingencies Disclosure [Line Items]          
Purchase commitments maximum period   150 days      
Number of retail stores | Store 469 469      
Total future minimum lease payments under noncancelable operating leases $ 6,600 $ 6,600      
Samsung Electronics Co Ltd          
Commitments and Contingencies Disclosure [Line Items]          
Result of legal proceedings         $ 1,050
Award from legal proceeding     $ 548 $ 930  
Proceeds from legal settlements 548        
Major Facility Lease | Maximum          
Commitments and Contingencies Disclosure [Line Items]          
Term of leases   10 years      
Retail Space Lease          
Commitments and Contingencies Disclosure [Line Items]          
Total future minimum lease payments under noncancelable operating leases $ 3,700 $ 3,700      
Retail Space Lease | Minimum          
Commitments and Contingencies Disclosure [Line Items]          
Term of leases   5 years      
Retail Space Lease | Maximum          
Commitments and Contingencies Disclosure [Line Items]          
Term of leases   20 years      
Retail Space Lease | Majority          
Commitments and Contingencies Disclosure [Line Items]          
Term of leases   10 years      
v3.3.1.900
Summary Information by Operating Segment (Detail) - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Segment Reporting Information [Line Items]    
Net sales $ 75,872 $ 74,599
Operating income 24,171 24,246
Americas    
Segment Reporting Information [Line Items]    
Net sales 29,325 30,566
Operating income 10,018 10,701
Europe    
Segment Reporting Information [Line Items]    
Net sales 17,932 17,214
Operating income 5,779 5,882
Greater China    
Segment Reporting Information [Line Items]    
Net sales 18,373 16,144
Operating income 7,576 6,366
Japan    
Segment Reporting Information [Line Items]    
Net sales 4,794 5,448
Operating income 2,240 2,488
Rest of Asia Pacific    
Segment Reporting Information [Line Items]    
Net sales 5,448 5,227
Operating income $ 2,032 $ 1,849
v3.3.1.900
Reconciliation of Segment Operating Income to Condensed Consolidated Statements of Operations (Detail) - USD ($)
$ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Operating income $ 24,171 $ 24,246
Research and development expense (2,404) (1,895)
Operating Segments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Operating income 27,645 27,286
Segment Reconciling Items    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Research and development expense (2,404) (1,895)
Corporate Non-Segment    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Other corporate expenses, net $ (1,070) $ (1,145)
begin 644 Financial_Report.xlsx
M4$L#!!0    ( "&$.TBO(PE:_@$  -HB   3    6T-O;G1E;G1?5'EP97-=
M+GAM;,W:S4[C,! '\%>IU6
MW17L4NE_:9J./3/))+]3S^^? J79SO5#6E9=SN$;8ZGIR)E4^T!#B:Q\=":7
MT[AFP30;LR8F%HLSUO@ATY#G>C8%]I^\'N/L8PJF$,FT
MJ2/*KJ]3?NHI':N_C[Q4OJ*5>>CSNPH_W[LZ4C^M29T-SZ6N=R5+*K\MJQ)-
M;ZIPN/%OG5DW#BT,Z]]VC.?_>"T'-W'K^JMH'NU!@>W)QC0>:V?L<&Q4CSYN
M?GB_^E\9'>5'!<>,*7HC.1
MVN\YEOD>?S=^77"Z/L:Y3M__-/0IF-AT."$2[^I#@/0A0?I0('UHD#[.0/KX
M#-+'%Y ^OH+TP1QW8OG*\M"_V/Z'D4X$G1
MH>)%]2-F Q+M*;V"^GH A3&^.R6:E((C-Z."N[_8_ )02P,$%     @ (80[
M2'NH42T$ @  N"(  !H   !X;"]??3,L1DS;''6!=#9$
M)-+G=_4HLO/0Y7KU(QV;FN'T]-F?Z.^S TF]=FGX+6]3*,EW.JQX>/LQ?/VW4U/F^E6OQLQGTJZ^IW
M/[[F-J62P_DB-],"T^.W(7UG^7ZW.VS24[_Y=4I=^:(B_%N@"O-!.A^DE"";
M#S)*D,\'.24HS@=%2M!R/FA)";J=#[JE!-W-!]U1@N[G@^XI05(#&6M.$L*:
MH[4 KH7CM0"PA2.V +*%8[8 M(6CM@"VA>.V +B%([< NH5CMP"\A:.W KV5
MH[<"O97TKHU>MCEZ*]!;.7HKT%LY>BO06SEZ*]!;.7HKT%LY>BO06SEZ*]!;
M.7H;T-LX>AO0VSAZ&]#;2'LE:+.$H[CO0
MVSEZ.]#;.7H[T-LY>D>@=^3H'8'>D:-W!'I'CMX1Z!TY>D>@=R2=5:+#2H[>
M$>@=.7I'H'?DZ!TO],YM,Z;M2QD/W3Y?N^:_X;#H N]I_X-"9\^4GE\!U!+ P04    "  AA#M(IQ*O72D$  !I#@  
M$    &1O8U!R;W!S+V%P<"YX;6R]5]^/VC@0_E'ZT#IFOAG/?-^,W:[0[8>)D@4H
MPT&3=9X)_8";'QNI,<5#JZ59"CG5;]%$X*\+J7)J\%,M6W*QX QBR)FTVM7-O4M9S-E-(,^QNHM:*:ALCIL.IN^S LJ-JWJ:\C%B_Y:S&1,#=11
MQS]4WE.J(,&@1][WF\[FKPWFF5EL/Z5B"4G=]O3'72V^@=(VT[O.VS;^V9=@
MMU_Y!IIPL9Q0KG2ONS(/*V!&JBU-*W,M2XEDEG3];8;GTPTRIQKL\F-C116G
MPC2(YO_B9Z=1A:UVW3HKM%&][U*]Z!3 Z&YKO^F6==OZFO_1NW_O+'!U;-G:
M9];;ENTH;[LSXR8#/5Y,J#+_4RE<3KM"W+]OU++?N2!4)&0@#,J1/(LJ%))7
M+\E^U1^/XL%H.H@)KJ;CX7,7:Z/AYMDF4IK)%KA^IYLR!8IZ5
MQJ_K/M6ILXE6E&]3)O_1-B.)@@IHM(:9@.
M_V/9^P]02P,$%     @ (80[2)3V$ 8_ 0  :0,  !$   !D;V-0OXZ24CDOKX=%;!QXUA(M]4YO I9LG&T3'&0MR XT(DUAA
M8G)E?2,PAG[-G)!;L0969-F,-8!""13L $S=0$RJ4DDN/0BTOL#=SM<$
M4Y)!#0T8#"R?Y"RIGLW6V-:4;-17971_?WJ@#$OZRGW00U7;MI-V2G5QX)R]+AZ>Z&Q2;0(*(R&J@N;8.9@GI\XO
MT]N[Y7U2%5D^2[,\+:Z6^8Q/"WYY_7:8[)N_T7#3#_%O'9\,TG918PUG[I8T
MBI9+GP12$*37#K4U9^$(\T5,L+![_P")YX-Z(5VV+72M]2I4=+_&Z/!RXLK6
MUG?'U(_HVZNJ/@%02P,$%     @ (80[2)E&UL[5I;<]HX%'[OK]!X9_9M"\8V@;:T$W-I=MNTF83M
M3A^%$5B-;'EDD81_OTV23;J;/ 0LZ?O.14?GZ#AY\^XN8NB&B)3R
M>	+]O6N[!3+
MUES@6QHO(];JM-O=5H1I;*$81V1@?5XL:$#05%%:;U\@M.4?,_@5RU2-9:,!
M$U=!)KF(M/+Y;,7\VMX^9<_I.ATR@6XP&U@@?\YOI^1.6HCA5,+$P&IG/U9K
MQ]'22(""R7V4!;I)]J/3%0@R#3LZG5C.=GSVQ.V?C,K:=#1M&N#C\7@XMLO2
MBW A(5M>5 TR  
M6'!VULS2 Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T1G*=D 4. #?$
MT4Q0?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7K;YH]
M5Z%82=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5 9<8WS2J-2S%UGB5P/&M
MG#P=$Q+-E L&08:7)"82J3E^34@3_BNEVOZKR2.FJW"$2M"/F(9
M-AIRM1:!MG&IA&!:$L;1>$[2M!'\6:[email protected]$.$9)>-T(^8LZ+
MD!&_'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T
M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+ 
M.7\N?<^E[[GT/:'2MSAD6R4)RU3393>*
M$IY"&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.WF)&Y
M"M-2D&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_#
M0X=Y>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R4E5@,5O& RN0
MHGQ,C$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55OR
ML+YJ/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SC
MYL=Q3E.X$G:V#P(RN;LYJ7IE,6>F\M\M# DL6XA9$N)-7>W5YYNTB42%(JP# 4A
M%W+C[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF
M8$O#>FZ=+2?_VU[4/;07/4;SHYG@'K.'
MYA,L0Z1^P7V*BH 1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW> ,?-2K6J5D*Q$_
M2P=\'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]!
MU4#E/]O4#6CV#30,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04    
M"  AA#M(2O\B38P"   P#@  #0   'AL+W-T>6QE8S3%#Q5#DF&M/*B1#2E_*
MS"ERB5%2F"1&G9'KCAV&"(=1P$LV8:H ,U%R%4*_@4"5?R\2',+GB_??2Z'N
MWH%J'7P8#-SGR[MM_,(Z+B&H.#XG(?3&U]!Y/>G0W<^K?5O4XQ.IWB[1Q3]^KEGKXUCUT9]S] Z
M=:M%02IXVW$C6 %14+R !:(ZWH;/!!42*-W2NKY%.&*XBKA'E,22&#!%C-!5
M!8\,8)^".HX1+J2M7578KC-TVTHRBT/HUK_7EXM;=KN8[1%*-[>G@2C(D5)8
M\HF^ +4]7>5ZB,XE6WNBZDV 773<6,L&RJ>S!-10%%*=*)TB2
MS^BA 
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M A6_.[13!#I%H-.7H'77--P^,[-E:WFO)00KAS61M5<*CY6]3\+3$@HRNAG:@8'#FC9 6A4+$]%8'>(="[EZ!Y^6\G
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M1HIM3@F;+[BK8]/Y Y?H*SLU_ *"+!X,''P&(P:
M5 V$X"L39AS&-V_"9AH1UYUW$'$52(%16/&,4/S&0C%L_?/KZ.:NQH*(:<- 
M7^,*),.29X3DU[X6EJV,'EUTU@;#KB2/5=_/BF;8]HRPO4?U ??/R?*I#=GI
MU6NV@CM.%MBK#-N>$;8?24C!"(S"MF?_8[O18C?A48 X7Z%7\!B,PK9GA.VX
M##B8J:.RH#TN_+#M.6%[3),O$;O QM.>8]MSPG:T.<5P_ AO-"[,EH%H&H1S
MCFW/J?KC@-H(V[ ^F2^$A^#&B2_'KN=4,B=!-SP(5@M<$^6#&IEP':$6\D'"
MEE$ZX>&T="P9X "$>J8'/0*NYX3KH=LY2%;[3/,;9@FYZ!>@6YN!X)B
MUW,JL]<0=P*>'ZJG'<]3C7(]@'8RW5A+R%O2JP[055=L>Y#9X7-(PK:=4A=P[5I?&1X_&O3D_7>4#_\!4$L#!!0    ( "&$
M.TCVR8!.1@(  *\'   8    >&PO=V]R:W-H965T&UL?57;
MCILP$/T5Q >LL;GD(H*4I*K:ATJK?6B?'>($M#:FMA.V?U]?".NL#"_X=LX<
MCX>9*0,=++E723(91?OX?8(4P.QB-\M&:0WC\SE3YR_F\7/\RY.S!T();4R)K >
M[N1(*#66M/+?T>BGIB'Z\X?U[]9=??T3EN3(Z9_VK!I]VR2.SN2";U2]\>$'
M&7W(C<&:4VF_47V3BK,')8X8_G!CV]EQ<"<%'&EA AH):"*@;)&0CH1T(D!+
M .YFUJ]O6.&J%'R(A M&CTW,X3;5+U='VAD9FR/[7 91E?704$CCZB#0LD"YXD%IZ:NE9T ,?D8<%L@6!S*,700$?
ML0H+Y L"N4=?!P5\Q"8L4"P(%!X=?HERYQ0<)'=A2F 1%EDMB*Q\$1ATPT$R
M!T%AB?6"Q-J72(,23Y L++%9D-CX_#PH\029>2A30.9S+O$MK(+Q&#$N(*F.
MR&8F->!B=D-?*?QO/6-F_BZXD.)[B#P+:*:*/&%FZ@A9?GZZ[,!KSXR(JZV;\BHYK=.N4(X[4Z]:8]L??V$5V6/K^07%M>VD]&)
M*UVE;9V]<*Z(ODGRHE.VT=US6E!R46:ZTG/A^HE;*-X_VN/4HZO_4$L#!!0 
M   ( "&$.TC^=X?D/ ,  !@-   8    >&PO=V]R:W-H965T&ULC5?;CILP$/T5Q );R\AA%P_[,VVIX$!?>J7^.HF\K
MJ1[[4S1<>EX=M%';1 B .&JKN@OS3*\]]WDFKK*I._[G[A)1?X]._V,.1J:]XOWKSI=1?^U&G@IFE_U
M09X56Q &!WZLKHU\$;=O?,Z!C@[WHAGT;["_#E*TBTD8M-7'=*T[?;U-_S P
MF]D-T&R 5H,UCMT SP;XTX#H3"=F.J\OE:SRK!>WH)\VXU*->PX?L:K 7MR
MP-H>3_9T&Z*;2$R06$,2RA)D0Y4;%*%I:N="/%R(R26VSHG"T,N-XET">:D!I*A1.'!Y_4P=C,
MR'KXBQG#)LR#8[>W(."03>C336@*)[8+YXQ9XB"[7MVA@*OU?-H)F5%Q(=@+ZZ=G*:Z=74=]I_0
M.+#>K1?J(V :V3_=Y-FE.O$?57^JNR%X%5*-PWJ@/0HAN:*G:(?!67VFK \-
M/\KQ-E'W_32X3P]27);OD/5C*/\+4$L#!!0    ( "&$.T@'FN>RK (  + )
M   8    >&PO=V]R:W-H965T&ULA59=;YLP%/TKB/<6;# ?
M%4$*3-/V,*GJP_;L)$Z""CBSG:;[]_,'H:8R[DNPS3GWGF.3ZUO=*'OE9T)$
M\#[T(]^$9R$N3U'$]V>V9U1:^B[T;RS )^'0;,_C6DI[=-",+[PDMW.@NU$-55-/,.W4!&WM$Q
M8.2X";?@J05(033B=T=NW!H'2OR.TE)K+U[H[0>9/&B%>]IS
M_1OLKUS0X4X)@P&_FV8FP(D 9\*K,P5,B=VX?2#,\5*_T=BE$7;W5*:RB-Q5G 6D,!&H(F!&1
M##[email protected]&FC1G0G:!2)U9T@\'A+-3S0_R98I1B/"0#+CH4@RX$*U2U2\IB7U
M:$EUB-SL9^+F(P\?65[2U.G%0)"&/( 8.JTL0%GF%I)YA&2V$>3FYQY^;AMQ
M'TIN:81%[O1A8T!90+>0PB.DL(4XDS2%O5FIY=96L@"A;&5+2H^2TE92.)64
MB[-%3E!K@T *(K,%L"O3WG"( ^F76 >P$H! +YJ!.QRA)R%IIDP4YHB=W]Q2U2:QRMJ?/4(
MI+8:YP$T$^9N&B0K[1)6E/'G/V1D
M780#82?=(/!@3Z^C,+?-O#HW(5NH+M)/ZXUJ3O0%^Q&FKB[X1'YA=NI&'NRH
MD->TOFB/E HB]<6/4M]9MD_SI"='H8:Y'#/34)B)H)=[?S0W:?5_4$L#!!0 
M   ( "&$.TA=5&9D*P0  -$3   8    >&PO=V]R:W-H965T&UL?9A-D^,F$(;_BLKWK.@& 9KRN"I2*I4<4K6UA^2LL?'8M9+E2)KQYM]'
M7_8VKH:+]>&WX47 0\/VUG;?^Y-S0_*CJ2_]Z^8T#->7-.WW)]=4_9?VZB[C
M/\>V:ZIA?.S>T_[:N>HP!S5UBD+HM*G.E\UN.[_[VNVV[<=0GR_N:Y?T'TU3
M=?\5KFYOKQO8W%]\.[^?ANE%NMNFC[C#N7&7_MQ>DLX=7S>_PDLIY229%7^?
MW:TG]\ED_JUMOT\/?QY>-V+RX&JW'Z8BJO'RZ4I7UU-)8\W_KH7^K',*I/?W
MTG^?FSO:?ZMZ5[;U/^?#XAFZ2I?BS7\V6^WI9_K%C#^ !< _ 1 "H:(-< ^120+L[F=OU6#=5NV[6W
MI%LZXUI-?0XO;)5[S\3(2+^=XN<0;W^)E:<0BT;,$M+8YIRJI"@%0\%Y4
MQ(NB7BSK99%D:RW29JP73R64!=Y+%O&242]LBXN,U *89Y+UXJFT53GO14>\
M:.)%"]:+IBU6&;!6/)$,.3$1)X8Z82LI#&WO-%Q8*YYJM*)X+S;BQ5(OR'JQ
MGA=A^![R5)FP@5F81[SDU M;2Y&36HQ&X&<15=E<&LM[F2 ;YI*@;A3K9M6L
MC39&:WXF^3JMA Y\'8B2$J@CMJ9BU:RC$Z5@!WKY)%,F,+P:MFJ4?FR/9JZ:O&\1-P$X,P4 KSL[< "EB3
MFX ;JLJRT.H$,0P#Y;#F.0P4L9A+M $_ODXH$R @Q& ,FJRX)K#*00RB0"EJ
M>(H"!:24$@+#SY-E*@_YB8$4*$D-3U*@D$0E9,"/)\L@M/)"#*9 :0G1E*D)#4\25'Z4X9U7?HJC8'\!&,D
M14I2PY,4/4;*,5GE[?@RI0-DQQA+D;+4\"Q%RDB)P ^QTI=)A2;@)T92I'FM
MY?/:57/??&0"V%XM?9T9]Q^A'HN1&2F9[1.9URV=K^$W=2&-[R3&9+1DE;&A
MWHY1%"E%^16Q6#7KILUB8 OCRXP*93DRQE%).3PY5J]N[^J[OU\Z9.W=AC:9CZ).;;M
MX,;2Q)<1/R=7'1X/M3L.TZT9[[OEQ&EY&-KK_0#M<8JW^Q]02P,$%     @ 
M(80[2!R]%*WJ 0  N@4  !@   !X;"]W;W)K^8FR&)"%)#5;6+2J-9M&L'#@&-P=1VPO3MZPMAH")T6.#;
M_Y_S'5MV.C#^*FH Z;RUM!-'MY:R/R DBAI:(IY8#YU:J1AOB51#?D&BYT!*
M8VHI"CPO1BUI.C=+S=PSSU)VE;3IX)D[XMJVA/\Y 67#T?7=^\1+JY30D6N5+ZPX1N,
M)6 =L&!4F+]37(5D[=WB.BUYLVW3F7:P*\ENM*T;@M$03 8_VC2$HR'\QX L
MF:GK"Y$D2SD;'&[/HB?ZR/U#J':N<%0QPM5+9KNT(DMOV6Z?HIN.LY"X\)QK]1A.
M>)8+XRB*=LDCK*4TV24X?$@5;U#%5)VU>DBG 85*ZFZB^MR^+78@67]_*:?G.OL+4$L#!!0 
M   ( "&$.TA;A"I-L00  &(7   8    >&PO=V]R:W-H965T&UL?9A-;]LX$(;_BN![:G&&HJC ,1!I470/"Q0][)X5FXZ-2I974N+NOU]]
MQ>&X,[S$MO(.^0[)>2AR;C?-6U^=SNY[&W5O
M=5VV_^6N:JY/*[7Z>/#C]'KLQP?K[69]B]N?:G?N3LTY:MWA:?6L'@L]22;%
MWR=W[;SOT6C^I6E^CC_^W#^MXM&#J]RN'YLHAX]W5[BJ&EL:>OYW:?2SSS'0
M__[1^MW[X^ V7D5[=RC?JOY'<_WFEAR2L<%=4W73WVCW
MUO5-_1&RBNKRU_QY.D^?U_D_:;:$\0&P!, MX-8/'X!+ 'X&Z"G3V=F4UQ]E
M7VXW;7.-VGDR+N4XY^H1AY';14,RW6K\US1=]FR6;]/K9#)/DL@4FB
M;HKUT/BM!Y![R,$+!ZZ#@B@TWP,&_$!IQ8SXF*VL D%A:>
M"I%):3)5;*GEBVCIR6;LA!94I8R6_(1(IWS4I<+P),1.(DR6K\IB;Q52-R'6
M*>.[$=:Q\=T 2[2"B#(MP$J%N*E2,E,);R8E:\+PO"(J;8R$B1 \%:4GORDI
MGXR0:B.L'%^&F()46"&&JHQP2\@)0NB#F.3$#EZ^B)8AUJGE-^3B3JL3
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M?O#V]'9M_ SCU>?=\UP]%O/E[VWKZ=Q%+TW?-_5T-7IHFMX-
M[N(O0\4>7;F__:C7C1OMVK;[]'U!+ P04    "  A
MA#M(98MK%Y,!  !P P  &    'AL+W=O,N68 +=P9CF#"38=6"Q]%%<,"VDH7658@^VKG#R2AIXL,1-6@O[M@6%\X:NZ#'P*/O!QP"K*[;P6JG!
M.(F&6.@V]'JUWI81D0!/$F9W8I.H?8?X$IV[=D.+* $4-#YF$.'8PPTH%1.%
MPO\/.3]*1N*I?"Z49/X57M25Q9G8/-I1
MQ!=H^(NIJ7Z_*HF+[F.@39ILQ/&,6! O9EQ+\YQ);?D+G
MW]/+7Q26B5[^JO SYJM&=C(2#;9/+^](@Y/QN?V
ME\:1'?KP,&FT':*'(*(X.Z=D".N_. HZ'\W+8-N\$=GQ.![W>_G)ZG=02P,$
M%     @ (80[2)JP-'Z3 0  < ,  !@   !X;"]W;W)KMVT8D<4G2E>_MO_QL
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M&UL?5/;;MLP#/T501]0V?*R%8%CH.E0K \%BCYLSXI-VT(E
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M>"Z49/X47C2UQ878/-I)Q!,:L"!:RKR7X_TOL^06=?TZOOE!8)7KUI<*/F,T_1=C%2#38(;V\(RW.QN?>
MU^BZ7#<\C?0=WM23&.!!V$$:1P[HP\.DT?:('H*(XFI#R1C6?W44]#Z:/X)M
M\T9DQ^-TWN_U)VO> %!+ P04    "  AA#M(WE0IH94!  !P P  &0   'AL
M+W=O2X^_OIDKAIT?7%(JESR$.*KF:T+VX \.1-*^-V=/!^
MW#+FF@&T<##)
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M#;9/+^](@Y/QN?B.QX'"_[O?QD]3]02P,$%     @ (80[2)\6/T"2 0  
M< ,  !D   !X;"]W;W)K&UL?5/;3L,P#/V5*!] 
MNE3'O2=*N# 2\-+9SCGWLN,6(]M5U )Z\
M:V7]VO&7-6!%NX$>S#AID&KA0^N;9GK+8@ZD;1B/,O.F!;2T+)(L4=;
M%CAX)0T\6N(&K87]V(+"<4-7]!!XDFWG8X"5!5MXM=1@G$1#+#0;>K5:;_.(
M2(!G":,[LDG4OD-\C%3H23S1GA1%A9'8J?1]B*^X&K-PR J$K0Y&J]2
M]Q%1%OMRE5\4;!\3?<-L)PR?, N"A>Q+"?YWB2T_HO/?Z?D_"O-$S_]5^!US
M^:,(.QJ)!MNFEW>DPL'XJ?!"VE<:1'?KP,&FT#:*'
M("([.:6D"^N_. H:'\WS8-MI(R;'8W_8[^4G*S\!4$L#!!0    ( "&$.T@-
M_TM>D@$  &\#   9    >&PO=V]R:W-H965T,ZT;AN1Q-TDG<+?D\NT# AX:6SG'/O8
M<V]'S:,N;H'+=P9#F#"38M6"Q]%%<
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M"  AA#M(.0'X794!  !P P  &0   'AL+W=OD'[[$8 3UZU,FY+1^^G#6.N'4$+=X$3F'#3H]7"!]<.S$T6
M1)=(6C%>%#^8%M+0IDZQ>]O4.'LE#=Q;XF:MA?VW X7+EI;T%'B0P^AC@#4U
M6WF=U&"<1$,L]%MZ76YV540DP*.$Q9W9)&K?(SY'YT^WI464  I:'S.(&Z?LM^E;H/ZO7!P@^I)=GX,8@M*.NC%K/P#+K_AV,)5
M3-BBTSUH0@[&XD&.Z27=Z3%V?C<^QI=E^N:IY&^P9MZ
M$@/\%7:0QI$]^O P:;0]HH<@HKBXHF0,Z[\Z"GH?S9_!MGDCLN-Q.NWW^I,U
M_P%02P,$%     @ (80[2/:#H-F6 0  < ,  !D   !X;"]W;W)K&UL?5/;;MLP#/T501]0V4K3#8%CH.E0= \#BCZTSXI-VT(E
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MSX62S%_"B[JR.!.;1SN*^(+EAH=!-"1HI>XCHJX.=7E]7;%#3'2!V64,
MSY@%P4+VI03_?XD=/Z/SK^FK;Q2N$GWUK<)+S/I3$78V$@VV3R_O2(.3\;GW
M);HLURU/(_V U]4H>O@C;"^-(WOTX6'2:#M$#T%$<;6F9 CKOS@*.A_-'\&V
M>2.RXW$\[??RD]7_ %!+ P04    "  AA#M(#<7\Q),!  !P P  &0   'AL
M+W=O).W*0,!+8SOGV,>.FP]H]ZX%\.1=*^,VM/6^6S/F
MRA:T<&?8@0DW-5HM?'!MPUQG052)I!7C67;!M)"&%GF*/=DBQ]XK:>#)$M=K
M+>S'%A0.&[J@Q\"S;%H? ZS(V4G=/X[??F/PF6B+_]5^!US^:,(.QF)!MND
MEW>DQ-[XL?2<:>!2VD<:1'?KP,&FT-:*'("([.Z>D#>L_
M.PIJ'\W+8-MQ(T;'8W?<[_DG*SX!4$L#!!0    ( "&$.TB&PO=V]R:W-H965TV+&P \
M>=/*N T=O!_7C+EF "W
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MHH<@HKBXI&0(Z[\X"CH?S:M@V[P1V?$X'O=[^)@1 \("$>[GW.6K>-2.*2I"OWWY./K6P(>&ELYQS[
MV''+">VKZP$\>=?*N WMO1_6C+FZ!RW+;$C5H+^W\+"J<-7=!CX$5VO8\!5I5LYC52@W$2
M#;'0;NC-8KU=1D0"_)4PN1.;1.T[Q-?H/#8;6D0)H*#V,8,(QQYN0:F8*!1^
M.^3\+!F)I_8Q^WWJ-JC?"0>WJ/[)QO=!;$%) ZT8E7_!Z0$.+:QBPAJ52U]2
MC\ZC/E(HT>(]G]*D<\HWE\6!]CV!'PA\)EPG LN%DLP[X4556IR(S:,=1'S!
MQ9J'0=0D:',T7J7N(Z(J]]5B591L'Q.=8;89PS-F1K"0?2[!?RZQY2=T_CU]
M^8O"9:(O?U5XCOFJD9V,1(/MTLL[4N-H?.Y]CL[+=&PO=V]R:W-H965T;0?@T*<4RAYPYUR_)\16'4AF[W0/RJ\TVDCF?&A:
M8GL#K(XD*0C-LGLB&5>X+&+NU92%'IS@"EX-LH.4S/PY@M#C 6_P)?'&V\Z%
M!"D+,O-J+D%9KA4RT!SPTV9_S ,B GYQ&.W5' 7O)ZW?0_"C/N L6  !E0L5
MF!_.\ Q"A$)>^&.J^249B-?S2_5O<;?>_8E9>-;B-Z]=Y\UF&-70L$&X-SU^
MAVD+T6&EA8U?5 W6:7FA8"399QJYBN.85O+=1%LGT(E 9\)C%HTGH6CSA3E6
M%D:/R*2C[5FXP^H.HD/=F<5B*NP^(LCB7FYP6Y!P*+3#'A*$),R.(KSY+
MT/]+'.D5G:[3MS<<;B-].SGE$NW.&?G9_)$8W-\P3H'3_>6ESK^+\B]02P,$%     @ 
M(80[2%QSJ1J7 0  < ,  !D   !X;"]W;W)K&UL
M?5-=3^LP#/TK47X Z3*-CZFKQ+BZ@@E
ML9US[&,[+2>T;ZX'\.1=*^,VM/=^6#/FZAZT#)$C=J+>S'%A1.&[J@Q\"S['H? ZPJV[D"I
MF"@4_G?(^54R$D_M8_:_J=N@?B<^I!Z=1WVD4*+%>SZE2>>4;U;\0#M/X <"GPG711*>"R69?X0756EQ(C:/
M=A!Q@XLU#X.H2=#F:+Q*W4=$5>ZKQ>JF9/N8Z!MFFS$\8V8$"]GG$OSW$EM^
M0N?GZ&ULC53;;ML@&'X5Y 8T[:+\LR-/&46H0#_&YA5#=]9+.?A7BUQ<_R
M&,4V C HM%6@IKG (S!FA8SQVZ3Y86F)M_VK^I-;K4E_I@H>!?O3EKHQ8>,(
ME5#1@>D7,?Z :0E[*U@(IMP7%8/2@E\I$>+TW;=MY]K1S]S'$RU,(!.!?")@
M;^1B?J>:YID4(Y)^:WMJ_^#F0,Q&%,AD4Y&=&UL?53;;N,@$/T5Q <4F]Q6
MD6.I:56U#RM5?=A])O;81@7C HZ[?[]<'#>NW+P89CAGS@$&9X/2[Z8!L.A3
MBM8<<&-MMR?$% U(9NY4!ZU;J926S+I0U\1T&E@92%(0FB1;(AEO<9Z%W*O.
M,]5;P5MXU-]0F29V3BE5Q":[AJD8;J@._3_7'C
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M>&PO=V]R:W-H965TW#2E4?=I^)/;91@7$!Q]V_7RZ.FTIIU!=@AG/F' 8H1C1OM@-PY$-);;>T
M$Z^B[5Q(L+)@,Z\6"K05J(F!9DOO%IO=*B BX(^ 
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M    "  AA#M(B)KB9*0!  #5 P  &0   'AL+W=OSGGGL,%B@G-B^T ''G5JK<'VCDW[!FS50=:V#LG9 ]/AMA1:V'^'4'A=* YO22>9=NY
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M+*EP[%UJ\))=7O #C_?V!B^+0;3P2YA6]I:&UL?53;;N,@$/T5Q <4FS1I
M&CF6FE95]V&EJ@^[S\0>VZA<7,!Q^_<%[+CQRIL7PPSGS#G X*S7YMTV  Y]
M2J'L'C?.M3M";-& 9/9&MZ#\2J6-9,Z'IB:V-<#*2)*"T"39$,FXPGD6-"PF29V3BE5R"LEPK9*#:XX=T=U@'
M1 3\X=#;BSD*WH]:OX?@5[G'2;   @H7*C _G. 1A B%O/#'6/-',A OY^?J
MSW&WWOV167C4XB\O7>/-)AB54+%.N#?=O\"XA>BPT,+&+RHZZ[0\4S"2[',8
MN8IC/ZQLZ$A;)M"10"?"-HG&!Z%H\XDYEF=&]\@,1]NR<(/ICOJ#*)#W9G%8
MBKL/B#P[Y>EVDY%3*#3#' 8,'3 3@OCJDP3]O\2!7M#I,GUUQ>$JTE>CP[M%
MAW/,=EGD]HK([:S _:+(#'.?+(NLKXBL9P7219$YYM_C(A>7*\'4L8WZIT^\B_P902P,$%     @ (80[2+$K?6*E 0  U0,  !D 
M  !X;"]W;W)K&UL?5/;;N,@$/T5Q <4AR3M;N18
M:EJM=A]6JOJP^TSLL8T*'A=PW/W[Y>*X2>7V!9CAG#F' ?(1S8MM 1QYTZJS
M>]HZU^\8LV4+6M@;[*'S.S4:+9P/3<-L;T!4D:05XUEVR[20'2WRF'LR18Z#
M4[*#)T/LH+4P_PZ@<-S3%3TGGF73NI!@1WJ_VATV 1$!
M?R2,]F)-@O0*E0R N_3C7?)0/Q
MUKL_"@L/J/[*RK7>;$9)!;48E'O&\2=,1]B&@B4J&T=2#M:A/E,HT>(MS;*+
M\YAVOF43;9G )P+_0&!)*-I\%$X4N<&1F-3:7H0;7.VX;T1)O#=+PU8\?4 4
M^:E8?5_G[!0*76$."<,39D8P7WV6X)]+'/@%G2_3UU\X7$?Z>G*X671XC=DN
MBVR^$-E<%;A=%+G&W'T081=]UV":^+PL*7'H7&KPG)U?\#V/]_8.+_)>-/!;
MF$9VEAS1^=N/]U>?7)CV[%#CLSY]H_LG%?U!+
M P04    "  AA#M(0UJY\Z@!  #5 P  &0   'AL+W=O+U_%6;EZ &0/F;5AO)
MG#=-1^Q@@#61) 6A6?:%2,85KLKH>S95J4
M>->[X"!5219>PR4HR[5"!MH#?LCWQR(@(N 7A\FNSBAH/VG]&HP?S0%G00((
MJ%V(P/QVAD<0(@3RB=_FF!\I W%]OD3_%JOUZD_,PJ,6OWGC>B\VPZB!EHW"
MO>CI.\PEW(: M18VKJ@>K=/R0L%(LO>TH#HBK/57Y_5Y)S"'2%.28,39@%
M07ST)07]?XHC7='I-GWWB<)=I.]FA?>;"M<8/W7;28I/DA17 ?+-)->8?RLA
MJW>78+HX7A;5>E0N/?#B72;X@<:^?<"K&PO=V]R:W-H965TW1=0">O&EEW(YVWO=;QES5@1;N!GLPX:9!JX4/KFV9ZRV(.I&T8CS+?C M
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M-(X'2:-M$#T$$=G-AI(NK/_B*&A\-&^#;:>-F!R/_7F_EY^L_ !02P,$
M%     @ (80[2+_GZA>F 0  U0,  !D   !X;"]W;W)K&UL?5/;;MP@$/T5Q <$F]UVRC N(#7Z=\7
ML-?9C=R\ #.<,^20//EKA!:V'_'D#AN*9-OY
MF&!EP19>+348)]$0"\V>/N:[PS8B$N"7A-%=K$GT?D1\C<&/>D^S: $45#Y6
M$&$ZP1,H%0L%X3]SS7?)2+QLIFV3N S@7\@L$DHV?PJO"@+
MBR.Q4VM[$6\PW_'0B(H$;X[&K73ZB"B+4\FSNX*=8J$KS&'"\(3)%P0+U1<)
M_G^) [^@\W7ZYA.'FT3?S [O5QU>8Q[61;:?B&RO"GQ9%;G"Y-D'$7;1=PVV
M3<_+D0H'XZ<&+]GE!3_R=&_O\++H10L_A6VE<>2(/MQ^NK\&T4,PD=W<4M*%
M/[8$"AH?E_=A;:=G-P4>^_,G6GYR^0]02P,$%     @ (80[2&\)5PE/ @  
M3@<  !D   !X;"]W;W)K&UL?57;CILP%/P5Q <$
M8W-Q(H*TH:K:ATJK?6B?G<0): %3VTFV?U]?"(DCPTNPS%NPBVZ:G[SP0EZXC_-^.MNRV#>/POO#1G&NI%Z*RB";>L>EH+QK6
M!YR>MN%;O*EBH"$&\;NA-_$T#K3Y/6.?>O+SN V!]D!;>I!:@JC'E5:T;;62
MJOQW%'W4U,3G\5W]NXFK[.^)H!5K_S1'62NW( R.]$0NK?Q@MQ]TS)!JP0-K
MA?D-#AGA$%'ONRSZ@WE3X50&J]SKQT'A7,X\V_$"V:P8\9_UMC9G7420[\=!X>Q.O"9
MXUHO&%H[AKR%=A:#;>X5\IIQ,0#[G>C.-M\,@.,%>[V,H'LAZ$55+RB0O=B)
MGMI41_G9M&\1'-BEE[853*O3%?$&=9M[6=_IJ\.TOX=,60SD3'\1?FYZ$>R9
M5$W4M,$38Y(J>V"EOK):76[3I*4GJ8>Y&G/;[NU$LN%^>TU7:/D?4$L#!!0 
M   ( "&$.TBFM4<\&@L  $1/   9    >&PO=V]R:W-H965T-F)B#CMG6H(MQ?"A(6EK]M\O
M08)T)Z:J4!?+$A-@HEG\LM% X>Y]N_MS_])UA]G?Z]5F?W_S_V@^?K:N]YB3Y[VOWOF_^/^O=?]EN_^Q_^??S_8WI372K
M[NG0[V-Y_/&C>^Q6JWY7Q[?^:]CKSS?M-VS_?]G[Y]/Q'OU_6>Z[Q^WJC]?G
MP\O1KKF9/7=?E]]7A]^W[__JAH.(_0Z?MJO]Z=_9T_?]8;N^;'(S6R__/O]\
MW9Q^OI]?*6;8C-[ #1LX[09^V,!?-[!!W" ,&P3M!G'8(&HW2,,&:;3!_#Q8
MIZ%>+ _+A[O=]GVV.Q?(V[*O0_LA'3_,I]EQ?/'"VWLU_
M]#L"S>-9X\X:2K%H%3%2DD^PDT!)/H/$F:MF?CR.Z\$XX6#<:0=YV(&E=^"%
M'?C3#ORP@]&Q;LZC<=:D8<1R:8PVL@7(3 K<\03!3@ [GK1SUL2SQ@?22ZN)
M.=!&HF D@A'R31YC\R:WSMM(6@&5]:[09I)@)H$9\FT>4SLJ-F9?23<@,S&E
M1-O)@IWA.,J[7&1
M[_)8P+$O]$<.*A,*\[VL@I?:>$ET^=5VC'-.B38#LA1,(P,W?2CQT#10@DS1
M6)&[5L,J*]'..@6M!M%PP-9&4K88R7Q3HFA(HJ=%?-*\&D3G=Z+1R4C0B,1-
MB^"D"\:&:2.T!(U(W+0(3II5-NH^HJC\B"1VVA:>#*ULTOE)2C\2/&V>IHS-
MTQ\4+4$?$NQLF2:,+=,^: GZ($&W&7R<^63->529*9#$)FW8:SV[R8V8DZ%8BI4-2DM/ACR,1
MX[9EY>UQHDD;!I7EI@-.@JI#J)*S_(\C$>,9YJ.FD$&Q )4/7,HZB;^NY>\8
M=Q?+46,Y0HE:4K4 E:3;JJNH\4Z*TQQDDC=B1B!ZS0311F:#B*]-+
ML>"1^#1BO286O)W\G!D)NI4"P2/KZ:KTFD#PTX' 2-"MN/" K*?AZC6!X+VJ
M'KRN'J1 \"WK&;AZ31[XH+(<=):E//"0!S1A6M\4A0$
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MD8IVG*2L2)@5-'63)BN2@<)(F89NPO4F4YC"2%)6I#8&&.8F352D-@*5]2W,R 6HS1"F5Z59R3H5DJ$@HG U*8F$6 WT/\V*D,HSE*D5";7'/$+9J(J$B[9E%>U"5S)1%E3*A(N^Y
M@Y88756M0E5B=,6KKS1@4<0-7+MV_84"53*6B:8JA4(5.XHNGC6A4*?O
MGF0E E5ZDNZ6-9D0FUQ7RK3+@37% S+&K%Y2>I>NCC6
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M1]W&G&.9,#8>O$%9WK6X$JC(=BWCS,:]WMOIV>N[:?/6V_;P[]HZ.:OUX?
M[O;Q]"2V?_S=Y0^?^D'[YVO] ?>O%?JUVK]V>ES<_*>%A[NWY;?N/\O=M]?-
M?O9E>SALU_?]@\:^;K>'[GAHYI=C=;YTR^?K+ZONZZ'_;W\SQN[\C+?S+X?M
MV_WPS+KK@_,>_@]02P,$%     @ (80[2-+NBL % P  V@T  !D   !X;"]W
M;W)K&ULC5=-CYLP$/TKB'L7/( A*X*T256UATJK
M'MJS-W$2M(!3<#;;?U]L",M$MI<+GV_F/8\USW9^%>UK=^)<>N]UU71K_R3E
M^3$(NMV)UZQ[$&?>]'\.HJV9[%_;8]"=6\[V.JBN @A#&M2L;/PBU]^>VR(7
M%UF5#7]NO>Y2UZS]M^&5N*Y]XM\^_"J/)ZD^!$4>3''[LN9-5XK&:_EA[3^1
MQRUD"J(1OTM^[6;/GA+_(L2K>OFQ7_NATL KOI,J!>MO;WS+JTIEZIG_CDD_
M.%7@_/F6_9L>;B__A75\*ZH_Y5Z>>K6A[^WY@5TJ^4M
M[M))4=]"?*]F[\.];/3].OS)PC',' !C $P!4>(,B,: Z"X@&)3I<7UEDA5Y
M*ZY>.TS&F:DY)X]17[F=UP^F\]4O72Z%*/*W F*2!V\J$<)L!@QHC!&QG2,@
MA@D3] HF&6"7L0&4(#*28$QL)HD<8XUT@G1,D)@3Q(X$L4X0C0FHL5@8DYI)
M$@=)@A)D1A*,69E)J(.$SA,DH9$$8XB9)'60I"@!&$DP)C*39 Z2#"6(,4DS
MD P8JC&4AB;,=HXA81B:E:P<2E9(26)4,F"2@24-S5+F( ";%.51]K8.D1AJ
M%#."/E XY3I"" UF5D-S(9MJ8.%)M+@D$6,>#R"T!^0:DEA:O'
M@2PI";@:$V!!2>Y J;$D=R"+2X"K.0$U)[4LLN!J*X@7E<355I L*0D"I<;E
M?'L'LO@5N!H44.^EMGV>J_<@75025^]!MJ0D")1:=I29I6Z#F&"VE:YY>]1'
MC,[;B4LCASWS]'4ZQCR!WHI_P(O\S([\)VN/9=-Y+T+V&WJ])3\((7FO(GSH
M)^;4'[2FEXH?I'I,^^=V.'H,+U*<;R>IZ3A7_ =02P,$%     @ (80[2/';
M>%^H P  )1,  !D   !X;"]W;W)K&ULC5C;CILP
M$/T5Q ^Y,0ROMLZK9?^R>ESJL@Z'W[%^GZ0[EOY6]V,CZ5[57IZ%:
MXGM[<2@OM7J5UV]"SR$:$^YDW4^_WN[2*]G<0GRO*3_G8]5.Q^L\DA(=9@Y@
M.H"Y!G =P.\!-$0#0AT0/@0$\U0F(K:E*HN\DU>OF]_>N1Q%0E?A0/7.&V;?
M^^/0Q.^(*/*/@B5A'GR,B0!F,V/8C#$AMDM$%-TAP5# O0J&5,&F>*ZKL"3@
M2 (^)4AT@MB<($02A*""Q#3+9X!A#YAVYFK&Q!.&LBPV@;8 %$747&Z$E!N!
MGW$@9!&6AI6+4&RA@C5E28(U-F8O.
M*-;:E#LH#8(L4M,@38D1LP68!;6P7LQ)*+")U)8"ZVX:.:D-ZV\:NZ@M=E%;
M##J443-O !6&-K%@ED*AI]@DB_4Y39WTAG4ZS5STEKGH+5MPDCZ^@QMQ2U!&
M;'^>F+,P8!JI+076ZHRZ*(ZA_^',07$09%&],:S96>2@-PBRZ$V#4'\#&)N_,
M(=;V(<$XNBU. 2A[_/X*%ML"C>B.T_Y*[^WDI57CRGAQ][Z'\SSMN#S>Y^EJ
M,Y#U_\@PU6$D,XV$9+69-X2"?P\O\G-Y%#_*[EBUO?X[8\5?4$L#!!0    ( "&$.TCU
MA.2W^P(  !8-   9    >&PO=V]R:W-H965T
M[O*$**^L?QU.E/+@O6VZ81V>.#\_1-&P.]&6#/?L3#OQY,#ZEG!QVQ^CX=Q3
MLE=!;1-!'&=12^HNK$HU]M17);OPIN[H4Q\,E[8E_9\-;=AU':+P-O!<'T]<
M#D15&AVTZT"*?V'L5=Y\WZ_#6&J@
M#=UQ24'$Z8UN:=-()C'S[XGT8TX9J%_?V+^J=(7\%S+0+6M^U7M^$FKC,-C3
M [DT_)E=O]$IAU02[E@SJ&.PNPR0,&C)^WBN.W6^CD]6\11F#X I .: 
M>1Y[ )X"\$= HC(=E:F\OA!.JK)GUZ ?FW$FLN?H 8O*[0*1S!#*1ZI<$E&5
M;Q44N(S>))&!V8P84!@T(R+!/D\![BDVH(6#;8*M@4CL,V!/$EC%XRD)!T'B
M(4@403X1I':"U$.0&@HR,\MNK,.(R10&X\2&V>H82(K9X0Y#7\\@04S@H/)Y^1+"D.$%%0+>FO2 &Q%D0\+D7
MD%$0<%#XW N+W L^]\(2]P+^_RMB8!SO._C<"XE1#\>7"GRN@W11/7RN@\Q0
M85T?-J!_5.^0X\MKH!!RK/#@,S#DAAKKEV0S@;)I'H<8'73WKYI(VVZVM#^J
M;?@0[-BEX^.6;AZ=M_J/(+>KG\8WXA=@W+!_T%3EF1SI#](?ZVX(7A@7FV&U
MG3TPQJF0%]^+SIW$3\I\T] #EY>YN.[';?MXP]GY]A&ULC57+CILP%/T5Q <,-@ZOB"!UJ$;MHM)H%NW:29R !C!C.V'Z]_6#4!@9
MBPU^G7-\KB_7S@?*WGE%B/ ^VZ;C![\2HM\' 3]5I,7\B?:DDRL7REHLY)!=
M ]XS@L^:U#9!"$ N6Y)QVO:>8Q<#OXWN"\A4A"-^%V3@<_ZGC)_I/1=#7Z>#SY0
M'DA#3D))8-G<24F:1BG)G3]&T?][*N*\_U!_T>%*^T?,24F;/_595-(M\+TS
MN>!;(][H\(.,,41*\$0;KK_>Z<8%;1\4WVOQIVGK3K>#64G!2+,3PI$03@2X
M@BL0L@AP#2 LDHD-H%=@Z!
MW<)!MHRR,^=@,+&),D,@LJ'*.2H!(-K9S40.,]'<# 16,P83:0P$(;1Z68!0
MNI*9V&$E7EB!=H'$(9!LR4SJ$$@W9":=QYDFD?7(RG74PDSF,)-MR$PVVP9!
M9+6RP&0KOXBZA=8+%RRLA"L2SMJ'6W(#784+PPW9&4$FVEV*8GOA+&$9S%;R
M UT7 40;,C2"3(V&R8J=.0C.0C-F@MD]V^,K^879M>ZX=Z1"7MGZTKU0*HB4
M D^R#BOYE$Z#AER$ZB:RS\SC8@:"]H^W&ULC97-CILP
M%(5?!;'O@&W $!&D3JJJ750:S:)=.XD3T "FV G3MZ]_" ,C8[$!&\X]?/<:
M7^<#Z]]X2:GPWINZY7N_%*+;!0$_E;0A_(EUM)5O+JQOB)#3_AKPKJ?DK(.:
M.H!AF 0-J5J_R/6SE[[(V4W454M?>H_?FH;T_YYIS8:]#_S'@]?J6@KU("CR
M8(H[5PUM><5:KZ>7O?\5[ X@4A*M^%W1@<_&GH(_,O:F)C_/>S]4#+2F)Z$L
MB+S=Z8'6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MX8J%JQT M*DLKDT,HBUEB>8])<:1O2H+%4S0)YQ@UK([[!4I[*TZ2F%Z&&6(Y[X;T[>L+0R$B
M;/#MG,/W&^-BE.I-MXP9\"YXKX]1:\QP@%#7+1-4/\B!]7:ED4I08X?J O6@
M&#U[D^ 0Q7$&!>WZJ"S\W(LJ"WDUO.O9BP+Z*@15?Y\9E^,Q2J+[Q&MW:8V;
M@&4!9]^Y$ZS7G>R!8LTQ>DH.%7$*+_C5L5$O^L"QGZ1\3:/T%]U4:*NR4"@KZ'MNM].X:5#$^V;0.:#&@V).FN 4\&_,$ 
M YFOZRLUM"R4'($*WV*@[I,G!VQWK@:V&!VY);]=3E$6MQ*CI( W%[32/ <-
M\AJTI:B6"D)F";0 ,P7:H4#>GT\4:#L [P1@'X"G +R&[$,909.%,I(LR;=4
MU4J5QMDG,.D.3+J R1\W68*$>$D2$_)EDV6I>L39)QM+=E#(:E_231:RJ-@>
M@9QLLJQ4.$7Y!QBX.'<#O;"?5%VZ7H.3-/8(^T/82&F8S8H?;%AK;Y9YP%EC
M7#>W?15^MC P&PO=V]R:W-H965T?:^!83%^^R)42!#T9[
MN0]:I89=&,JZ)0S+)SZ07N^6Q&@(HR@+&>[ZH"QL[%64
M!1\5[7KR*H <& \$.>V#EWA7
MY09A ;\[,LG5'!CO1\[?S>)GLP\B8X%04BNC@/5P(16AU CIQ']GS5M*0US/
MK^K?;;7:_1%+4G'ZIVM4J\U& 6C("8]4O?'I!YE+2(U@S:FT7U"/4G%VI02 
MX0\W=KT=)[>3Q3/-3X S 2Z$)8^?@&8"NA$26ZES9NOZAA4N"\$G(-Q=#-A<
M>;Q#^N1JH(N1@=FRQV4097$I$4R+\&*$-IB#PT"+B1=$J-67%/!^B@-Q#U.M,5EZIY+T
M@9%T8^2KUXC#I!;S!>:9U\D&%*,[UY8]L))MK#Q[K60;*QGR6MF 4(K\5O('
M5O*U%11YK>2KHT\BZ'6RQL1Y],E(N'HYC(BS[2@2U'SLE?L[E^C2M%Z@>7F?
MX@?=S%SON&ULC53);J,P&'X5BP>H"20AB@A2TZIJ
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M/0:RTFIB_]U?,#+=K+0S*^9ME_4$L#!!0    ( "&$.TB8N*SD
M^ $  -T%   9    >&PO=V]R:W-H965TV^P5$-^ 6+@!)^-J:, 1E$&
M.MSV85F8N1=>%NPJ:=N3%QZ(:]=A_N= *!OW81S>)U[;2R/U!"@+,/O.;4=Z
MT;(^X*3>A\_QKLJUP@A^M604BWZ@V8^,O>G!C_,^C#0"H>0D=0)6S8U4A%(=
MI#9^GS(_M]3&9?^>_LU4J^B/6)"*T=_M638*-@J#,ZGQE#V6PQ8?_)XA]3)G0)5C CUDCDNK2B+6XG0I@ W'>1H#E8#C0;Z%-52
MD::S!"B F0*N4$#CSR>*K3\ K00@$X!L0!*YD+TMPVHRH]DD6Z^H%D<4;Y%?I1L
M!25S4) 7)5OL$D?^+_1(XX#D*R"Y ^(M]Y O_@9H^^!,'-'FOS,!BYLXX OY
MB?FE[45P9%)=:G,M:\8D45'1DSK?1KVU\X"26NINKOKTQYU<
M.5/6(B&'[ )XSS Z:5)+0!Q%.6A1TX55J>?>6%72JR!-A]]8P*]MB]B_+29T
MV(0PO$^\-Y=:J E0E6#BG9H6=[RA7<#P>1/^@.L]U!"-^-W@@3_T V7^0.F'
M&OP\;<)(>< $'X620+*YX1TF1"G)R']'T:^8BOC8OZN_Z'2E_0/B>$?)G^8D
M:NDV"H,3/J,K$>]T>,5C#ID2/%+"]3@G)2$B^"-!+2$="^D0 )A5=B#T2J"H9'0)F_EZ/U":!ZU26^AC(
M['FHEG1]%:(J;U629B6X*2$+LS68>,3D+LS.QA0NS-[&+"<,D#XGL['';*P%
MBE%@Y19(/ *)%DB,0!;9+CN3B<% 4Y)BD;I >PN4+V:LI!XKJ64%.JT8##05
MBQ>%T\H3*'-;R3Q6,LM*[+22/28,9ZKR!$K<5G*/E=RR,B-0> 2*[VR1I4=@
M:3EPYKDUF,Q4W!UBY0FQLD+,_#!U9\V?VN@[:4+OP8>6"^>IWCZ!BJ&ULC5;;CILP$/T5Q >88H[[=[9A1#N?39URY;^A?/K(@C8X4(:
MS%[HE;3BRXEV#>9BVIT#=NT(/BJCI@Y@&"9!@ZO6+PNU]MJ5!;WQNFK):^>Q
M6]/@[N^:U/2^]('_6'BKSAF73VDX'C_8OZGM
M"OE[S,B&UK^K([\(M:'O')[#?[4
M[ZI5[[O^DH6]F=T ]@9P,(# :1#U!M%<@[@WB.<:H-X /1D$>N\J"!?SY2=U(!)1%A]EA+(B^)!$!F:M,5!AP( (!/O@
M DZ[6,.1>12G-A<; X-R&V9K8)+0AMF9OC*[V,@1CT@1I+V3B=W&#H)8$42*
M((U-D:T.B(8D&@*?=ZM!NS$HB_/N[ :1$9/$7NY,D+5@;>> =D^@J5-TE1,0&Q0390"XZ@! L^+FREY@
MI&]JK;WK)]"4'VMRMKT?G9T@U#=M@L&5G6!6>@)7?@(C05-[X>Q!25\3P53F
M&+ X_R]U@M'ONB'=635*S#O06\OUCVQ8'9JQ%92_^Z?U-5AL=!OP15,65WPF
M/W%WKEKF[2D7S81J!TZ4&PO=V]R:W-H965T
MP(^9^68,?!0#X^^BP5AZ'Y1T8NS\P
M]JXG/X\[/]06,,&UU I(W:ZXPH1H(57X[ZAY+ZF)\_%-_;M)J]P?D, 5(W_:
MHVR4V=#WCOB$+D2^L>$''B-LM&#-B#!7K[X(R>B-XGL4?=A[VYG[8'>R<*2Y
M"6 D@(DPU7$3X$B =T)LDEIG)MS22?NY3:M3%WX!NI5\6M^K[FR;Z5VF+'ITQK\0/[>=\ Y,JD9E6LV)
M,8F5O?!9O:VI=J)9/WM!S']I&PO=V]R:W-H965TU32^(%D>2VYE_/]JL5AE5!5YL
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M_AG7K/_/Y8ON1FX?=)UI5OU/PW#UQ&;]L=&)6( WP7:"1F]H0?P_- 7E,(GS)A48E!B7
MHY8WKI 1+H>DH!PNGJ0&+S0%Y7!A)V':I?B\ * 4G3QV) 3%
M<&$G0=JEZ!2T?8+P282$H!@N[B3(NY1PH^2"2L9>9N+B128^9DH6-I&&=!.-
M04%MA)P 9@;\%@#51=M)<
M\NG(PTX ,@)?ZI$0%,/EGHY!%<3$K[FLTHF7G;B$T:F/G=*E3V*+/V(_4=12
MQG 98X2'F8SP,1--03E<7AGI8:8)>C2D\*RA*2B'RSZC/,P$(6)N I 1A+,-
MEWM&>Y@)0$987 P%03'LZS,#JB 6]89+*F-]S&2X?#&1AYDF:%K"F3C%'PR>
ML-02#]J&RQ@3^]@I]K(324$Y7%Z9Q,=."6C(X&%#4U .EWTF];%3"NZL&+^#
M*0B^B0TB@D7K_ +5Y^&K8TFV%>WLAW?U<]7Y^V3-S5L
M 7SBF_4U.[F_L_IT*9O@O6K;JABV HY5U;I.A?C2V>GLLL-\DKMCVQ_&W7$]
M;GF,)VUU?>S@S-M(F_\!4$L#!!0    ( "&$.TA2TF%CI@(  &0+   9    
M>&PO=V]R:W-H965T=^'(FM$5<3.DE8CW%Z*2"VB:"<9Q'+:J[L"K5VANM
M2G+C3=WA-QJP6]LB^F^'&S)L0A ^%][KRY7+A:@JHS'N5+>X8S7I HK/FW +
MUGN82(A"_*[QP";C0(H_$/(A)S]/FS"6&G"#CUQ2(/&ZXSUN&LDD=O[[('WM
M*0.GXR?[=Y6ND'] #.])\Z<^\:M0&X?!"9_1K>'O9/B!'SEDDO!(&J:>P?'&
M.&F?(6'0HD_]KCOU'O27(GZ$V0/@(P". >,^]H#D$9"\ G*5J5:F\OJ&.*I*
M2H: ZL/HD3QSL$Y$Y8Z!2(:%\I,JET14Y;U*XU49W261@=EI#%088$/LIPB8
MPA$3"06C#.B6L8-3 NL64T26V7=(/(DF*C[1B8+83I!Z"%)%4"B") =V@LQ#
MD!D*OA2RTW70F%R7NK!!]@Z((2/WR,@-&8ZS*CP$Q9Q"+#T$RQF%T)A,9PFM
MA5A."^'(8^61L3)D)'8">1.XS1//*07P^@_,*,8#!+1-8;%PB?58; N@L5/J
MH/!Y""2S\O6Y"*2&BLQ^X9B@W'[GN$"F&)\C@6G)PB[&!"WM8EP@4XS/E\ T
MYLI!X7,FF&5-X/,F6,XY'P,$8WM)7"!3C,^A8#7G? P0=/R@7"#S#^4S.XP-
M"M=/SF=V".:<#_2Y&,(9YV."8&(MB1-DBO'=!S"9<3XF"*9V,2Z0%A--FIH6
MTXMJ]EAP)+>.Z^YE7!T;RBU43=$+7I4]NN!?B%[JC@4'PD5KI9JC,R$<"Q7Q
M0KCX*EK><=+@,Y?#0HRI;@+UA)/^V=..C77U'U!+ P04    "  AA#M( FUV
MFT8"  !M!P  &0   'AL+W=O:BO7:($]  IK83IF]?+X28D1-Q@Q>^_YS?QY:=
M=H1^L@)C#K[JJF$KI^"\7;HNRPM<(S8C+6[$GS.A->)B2"\N:RE&)R6J*S?P
MO-BM4=DX6:KFWFF6DBNOR@:_4\"N=8WHOS6N2+=R?.<^\5%>"BXGW"QU!]VI
MK''#2M( BL\KY\U?'B))*.!WB3MF]('T?B3D4PY^GE:.)RW@"N=<1D"BN>$-
MKBH92"3^V\=\I)1"LW^/OE>K%>Z/B.$-J?Z4)UX(LYX#3OB,KA7_(-T/W"]!
M.+ ANTF0)MIT"[,003&[2? AU,R)\MGI0G>E&>R"Q/Z%G+
MHYE8;_/U&T%)"*WE&4/V= <3\GT8^M_JXQI70(WI
M15WO#.3DVG!]:(?9X05Y"^05\FU^[2_W^B%XA,G2%EWP+T0O9.!\.*,3;-PPJ?.:RFX@^U<^!'G#2WA^WX87-_@-02P,$%     @ 
M(80[2&DD/,FG 0   @0  !D   !X;"]W;W)K&UL
M?5/;CILP$/T5RQ^PYI9$B@A2DZK:?5AIM0_MLP-#L-87:CMA]^_K"U!2T?" 
M9^QSSIQA<#DH_6$Z (L^!9?F@#MK^STAINY 4/.D>I#NI%5:4.M2?2&FUT";
M0!*<9$FR)8(RB:LR[+WIJE17RYF$-XW,50BJOX[ U7# *9XVWMFELWZ#5"69
M>0T3( U3$FEH#_A;NC\5'A$ /QD,9A$C[_VLU(=/7IH#3KP%X%!;KT#=,%
M:\5->*/Z:JP2$P4C03_CRF18AWBRG6CKA&PD9#,AW3TDY",A_X= HK/0UW=J
M:55J-2 =9]%3/_)TG[LO5R/7C,'^*'PNCZC*6U7D:4EN7N@.#O1A?9ND#^0" / ODHD-^;E-%DQ&P#)BV2^5FO5CRH
M5MQ5*]:J'8MEM?2_U&PO=V]R:W-H965TG[RO&YWPG71S<@9-ZSG0-JZH.RS/7K=N<7%OB?5E0>^'WMU439N
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MLMD&%S(X33@ME*D! ,"D(P;;Q@Z&1_F[E?:7(
MLW-QQ+^*]E@VG?-&*#O3]Z?R R$4L\K]&5O&$[O^#1\5/E#^FK#W5ER(Q &PO=V]R
M:W-H965T;3.9B
M]YII:6M&I0NTG?WWRX>UV-!F;A3P>0^']RA87+CXE ?&5/35U*VECI,D
MD9L#:Z@<\2-K]9,=%PU5NBOVB3P*1K=6U-0) B!+&EJU<5G8L3=1%ORDZJIE
M;R*2IZ:AXM^,U?PRC6%\'7BO]@=E!I*R2'K=MFI8*RO>1H+MIO$KG*PS0UC@
M=\4NTFM')O:\_E-MU4$G"^)HRW;T5*MW?OG!NB40$W##:VFOT>8D%6^NDCAJ
MZ)>[5ZV]7]R3,>AD80'J!*@7]/.$!6DG2&\"_%2 .P'^KH!T O)=0=8)LN\*
M\DZ0WP2V_(ESU]9F014M"\$OD7#OTY&:UQ9.8^04@(6?@(1EF(60Z9
M/,2L!LD$+5D_R&:PWO2)[:G5YYWM#P+@)P&P#9"Z /@NR=:9ZACBUD%>QD%J
M[E,0P3% (6SA8RE$*0Q12Y\B&08@1*U\"I,V)!YEN0!@LR
MU#2&P,A87L,V;
M-V_&C#UI3^@'*S'FUF=3MVQOEYQW.\=A18D;Q%Y)AUOQY4)H@[B8TJO#.HK1
M61DUM0-=-W0:5+5VEJJU-YJEY,;KJL5OU&*WID'TWQ'7I-_;P'XLO%?7DLL%
M)TN=R>Y<-;AE%6DMBB][^P!V.8@E1"%^5[AGL[$EQ9\(^9"3G^>][4H-N,8%
MEQ1(O.XXQW4MF83GOR/ITZ:E4.O:UAE?T*WF
M[Z3_@<<8 DE8D)JIIU7<&"?-P\2V&O0YO*M6O?OA2^R.9GH#.!K R6#RHS?P
M1@/O:>"K2 =E*JYOB*,LI:2WZ+ 9'9)[#G:>R%QAB6"8+3^I=$E$EMXS/PA3
MYRZ)%ICC@($* R:$(]@G%W#=Q1'.S*'.0;Y ^'H/GB$(3]E'8Q"1GL W$/B*
MP!L)XJ7(=@ACP(0*\Q( H /E"U 8>GHI@4%*L)"2:*4,F$!A(D\K9 YY@5"O
M(S3H".K(YP[\3UMWO(%*(P#O93(("5:2%GY V,#0;SE_T@,!,F&_R.9
MQ^E![<[E"Y#O)WHI\OA9KUAWD8Z5K07&H@=;$@(,17T <$-*1M C)VZHSD, /ZFI)AJ%P1;DC(O30"UE94O0,E*S0!3_8)E :^<
MJL!4=R#:E!%3Y8%X2T;BV:GIZ_.AAPQ"G-F5UV!Z5:T LPIR:_EPK4RK4[MQ
M@/+*_+)^E&V(NDJ?-%G:H2O^A>BU:IEU(EQ&ULC5=-;Z,P$/TKB'L+'F,@
M%4%JLEKM'E:J>M@]T\1)4 %GP6FZ_WXQ)M2N;-<7/LS,O!EX;\P45]:_#B=*
M>?#>-MVP#D^^K+@EUX4W?TJ0^&2]M6_;\-;=AU':+PMO!<'T]<+$1E$2U^^[JE
MW5"S+NCI81T^HHF<%2O;]&_3^6.Z;]4 ]VRYD^]YZ:Z[Z7R53_)X=C,[P.P B\."8W; LP/^
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MICTD&NV)#<>E8B >M =5Q2FR_-J 2\:@;>>9+81+H9!YL=ZE/\
MQYJ,\\S2+[#S7QM[\'XVFG\=$<:?-[!(F5):VA^GZ6T(=NS2<3D)+*O+A/@(
M8LKYM+X9)T&PO=V]R:W-H965T<7
MN5Y[845.[Z*I._+"/'YO6\S^'4E#A[T/_>?":WVKA%H(BCR8>)>Z)1VO:>B]_-N^[T>S!?,C#2W(1P)(038=)Q$]!(0!^$2&=JG.F\OF&!
MBYS1P6/F,'JLSASND-RYTI/)<%]]TMNE$$7^**(TSH.'"F1AC@83:@R<$(&,
M/DF$RQ+'<$8/70(G"Q&Y%=!*$DCSTS&)Q!T@6@D0Z0!H#)#:)CN3AL% XQ*E
MR29VZ\0K.K&EDSEWV\9LW2+)BD@R#Y !9S(&DY@=!\ ).LU!,)V!+"OIBI74
ML@*=5M+YOL+-P@7+5E0R2R5TJAA,9D3BS=(MVZ[(;"T9Y#R\[5<.3U67Y1\2
M6#*1,YL1-!X-6+CQDQ%DS*!XX0#A2HDXP- RD[C-
MA%;28.E"PK52 9&EE+H+WAR$T.[ 1E:(2C;F:=*0JU##
M5(Z9:55F(FC_[+Q3^R_^ U!+ P04    "  AA#M((K3"8WT"  !E"   &0  
M 'AL+W=O*("5;
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M^ZN0;'BXQ-% /NRS&\WS;M]48'(+.Z#) ; Q#&8A=;@\2Y'SYJ
MK?YAYJ'"'X#)R)Y;G2=@*:FU+P#,G4N6@X5J@&O5#0LOV'!Y3T:%/7F,T?_;
MDCIM8*#\9+J=B/;L.DK[O9]7YXZZ1::-?)JWS863(
MF*0J#I"H?,^JY\^3GAZE'I9JS&T7M!/)+H^F/O^R:/\!4$L#!!0    ( "&$
M.TAZKJEO/@(  &\'   9    >&PO=V]R:W-H965T+66W\7U1U9@B\<0ZW*HW9\8IDFK++[[H.$8G
M0Z+$#R%,?8J:UBL+<_;"RX)=)6E:_,*!N%**^+\])JS?>H%W/WAM+K74!WY9
M^"/OU%#U!TQP);4$
M4H\;/F!"M)**_'<0_8BIB=/U7?V[25?9/R*!#XS\:4ZR5FZA!T[XC*Y$OK+^
M!QYR2+1@Q8@POZ"Z"LGHG>(!BM[MLVG-L[=O!Y32ETIS]N#KBB& /(9AJGJ;,:,U"4
M/?B/!XN=&LP*DCV06.C$71"N*LE2JP71FI)$DS:(H;M59J"O)?$GWVWF/GX(5,6';K@7XA?FE: (Y-JRIHY>69,
M8N4./JE&K-7M-VX(/DN]S-2:V_O ;B3K[M?;>,>6_P%02P,$%     @ (80[
M2."ZA'X3 @  Y@4  !D   !X;"]W;W)K&UL?51-
MCYLP$/TK%O(0''3? 2KW>%05C GQ8&.9LCXWW/^;M9_#IL@LA8  JU,@I$#Q?8
M :5&2"?^O*0UQ/K^J_[#5:O=[(F''Z=_VH!IM-@K0 8[D3-4;'W["6$)F
M!&M.I?VB^BP59U=*@!CY=&/;V7%P.ZMHI/D)>"3@B3#E\1.2D9#<"*FMU#FS
M=7TGBE2EX ,2[BYZ8JX\7B?ZY&JDBY&!V;+'91!5>:FR:%6&%R.TP&P=!EM,
M/"%"K3ZEP/=3;/&,CGT)=@M$ZL^0/"@BL?QB+.+9+Y ^$$BM0.($XFAILG-E
M.$QN,6FQ\H)V"U"\[email protected](1[/#6U@I'E@I%E82KY5B=OH93G*OE04H?LZ^6 EG[X>!
M.-F^(E'-SYUR_^@4G5K7"S;O[TM\JUN:ZT WF:KLR0E^$W%J.XGV7.G7;=_G
MD7,%VEWTI&^MT4UW6E X*C,M]%RX/N06BO?7KCJU]NH_4$L#!!0    ( "&$
M.TC%J\OJZ (  .H,   9    >&PO=V]R:W-H965TK:!*8I3CK2]'%=Z6>O0UVQLVB;GKX.$3]W'1G^K&C++LL8Q-<';\WA
M*-2#I*Z2B;=K.MKSAO710/?+^ D\;B!6$(WXV= +O[N.E/EWQC[4S??=,DZ5
M!]K2K5 21)X^Z9JVK5*2E7^/HK>:BGA_?57?Z':E_7?"Z9JUOYJ=.$JW:1SM
MZ)Z<6_'&+M_HV -2@EO6EQ%%'OLRYZ?7Y8MX4BY'F)L"1 ">"
M&0DO(1L)V5Q"/A+R&P$$"6@DH+D$/!+P/X3$#)8>ZF;4SAPKS8F(4+L[$QI;NA+#"NF18HC !,W0)Y0"#7 MDH )PC
M8F.@NP@*%$&60&87Z1Y!
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M#   &0   'AL+W=O)+**YLAY<"YLS,F3F9Z5!B73T^L#/MIS<'-G0UGQZ'8S2>!UKOI5'71C".
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M@&\2 '1?(XU1@3 AN9V.@NS"Q8_;8&.@DLS%QC=C
M(#04ABMV!(VQU-ZHB8&"T,7&-Q;@BBU!8]0R F/'V#50
M($N^_B.)%OMD1X>CW+/'8,.#O?/C/F
M;YWR/U!+ P04    "  AA#M(F401Y5<"   ,"   &0   'AL+W=OWT2
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M@N(%BK4"!D]5,%@K8>#/5&S,:9G6YPMP(]>=)DTZ=,:_$#U7+;..A(L6H![Q$R$<"WWN
MJZCL4K3F<5'C$Y?32,RI;E9ZP4EWZ[WC'X#T/U!+ P04    "  AA#M("*>E
M1H)E   QCP$ %    'AL+W-H87)E9%-T&UL[;W9CAM)EBWZ?.PK
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MQ3+ZGV6QC5[!E]YBM9^4?H//_B%I?_-Q6RRJ]6UT];BZWBR]^5]A>7EV]>1J_?/>]X_3F,> NC?0T[_#GZY_*Q_=SS_7;;
MGG_76IZ?#V?G:=[1U:MJ66ZCY_#>[6;K]?.FV-Z6T<5\7L)3\,R"G^\:]F:U
M F*^VFWFO\71%9/R^_VNW@$=PSIZLWC_[L7+=UK]F]OXK>7[[\5O^<;.#YS;>&+I'6:WG&Y].W^_N@#CXMQ_.I)6G<;0NO5&^IH>BZQ*8
M6AG=;S>?JAHY&_PI#42[XK,_A,NCG\1-"@_S9;%=PR3J"*;#I.$M]H]%7!DHE/^\?$&4U1;:-/Q7)?8K?V];IO*!>+/^WK'5T!2&#X
MX!F-Y*D>BAD@GBM8F>5^P1N_-@37UP&?M?F7S_BK%Q(XT&_EKKA>EE%=PE95
MNRK ;KK6,?CV-YKP%[:].42R'4,*O'#D'7LT;HJ
M[[ME+7U%%[ 8(;)&1H$4-\?&VVVN_-=N5V%E],C^/DXRC^V4ADC,2U"/R^W<.HNR[_%^5-N<5I;4'V6._]HP+27+F=5S#(^^+>%_KT&.^!
M/O'^!II:FBU:E-?>PC0WV9G:H9'%[FIVDT6H3W\S>OKE ?8\@$M2T652\]D%
M10P$ K@:_8=1G7Q6WQ?S\I^^ [94E]M/Y7>_CX+"QMUF"7=#_0]$H+M'GUFP
M8%VC8"WBWZ+"1:>]J1;G**84]Q4,'\3@X6 (_TO@%V'SSZ(DC_E>MQ883Z&W:GORSE>9TM/
MO/^CT=?N)V7
M9@R*!VAA2&DD6=R5'7>:U7@*I-P.SFIDQCK:;7"/-G#"@>M;B1"_IT&P4H94
M?/WH:%P]K;\H@HB^ !@=/!+PI7[V2=5I/J
M>I0%0E*BG7'3=43#.NKN<>FW\RXT]R"T>OA>['^GCSL?M1\A*:<^M&>7>U#4
MBYHEIV/%CWE9@@IXL]V@Q+*3Y[ZP 3) '/]N\8)5D":"^ZVU]"JPC>T7
M7E5K8*^'MKJQ[[email protected]*.<.$_1,$)_GN)QXW*Z! F^JG33 ETM4/!1;WY3;
M6!,R>L"!XCL1^ MR&V*UL-.[W;(D)1;&<7R3UA!!-B;YJT_;^%#>"ZD?FG'W
M.AEA+$A05@^=MP3,\./N)M\$-C!@B )]M ;185'RIZ?4V;'Z5L\=@VO7>[M<
M[>_O>9]0T,7W;^!*AX6OYR#'[+OL12C">>:O[M5P'H>E!JKWA[$"-O&(8[VJ
M;M?5#<@F0#K"M''Y+C?+*B"S_O[=9E=&2?2WO_ZOZ& C2C<27>"L(UCX =M0
M@/H>0+I:/IYO'E &K/?7=;6H"M0DU=D!K$
M+IC#CA9%']1Z<[.#DPCW'XKXW%,Q1VY FG.L8!L?-MO?<-GKS7)/K)8ZWMU5
MV\4Y2'/0H.X;-0JY]E0!"R/3J0?11U@:69>(AX/K#"QXL9_C@F^V2]!>@=WO
M[K:;_>T=_JRV*(8O\0!O<5R;]1+8OOPI/ %N<#%^(TW-40Z%UJ #^%?IMMRA
MSN$W$-S)EH83 T+?PDQQJ7#72VP+_I"^]2J3P'H.>@NI=3@!^&4 1&-TF9AV
MOS%%U5AQ=Q!$-.>XD; ^N'EZ(6(QX2&!.@MHMDD& Z=W7[O[Y"Z;7B?%4NVT*] +:M1[%;ZLI4E+V&<8D$M\0#?;ZN:AW6[^51N
MU\3FYR" ;K#)@4+3-5W]E[ANP%H,?<,7L!K\-PX,IL-#0UJ#02U0[",M%0BO
M6A"Y"@LME@ID]UW)=X58/6D#"BW:":>3V>)6P6"E V6>(D)&JW Q9\J^*SZA
M&Z $$759K: WZ)7V&1O;W%=KOO.5T_;?_OI_HZBR+FY+-L[@;^'Q*S/^R!G_
MMKQ!EA+1VEOA'0FR0@<+;/L:?:U+V5(4)MGK$:U1,B/A%4D!&1YR5C*1!KI2
M]\X>,#7<.YO 2U:?-G@6S] 7C+_#JX&VMT#3!+)]![?+RP'!ZJ!EN[Q
MV)X!Q_SIXN(2V24L!1FKW/4$$E6KXKP&6^U/IEV++UNT5E3UW#3L?PE
MNX(?H5&E-1#NDFC6HX;3%DBU%RBB!0*ACU;D&LVJA?B@UG_:KQT!'@?DGIYB
MO=[S]7'$GN#+W!.*U27,SW5[( .\X.8^T/:C)?\5+D0R//]G%E6A@1MV/3^B
MZ[G$2(3H"HET=0V;J&WBT9ETVT2D+MAG<;-FT77>$Y7A0LK^B! *FM'5N9PF:P;7>ZV,)-M84F9 !_
MWL,- Y. VV.[^4QD!\18 FM^5'7UF08H=H%BB=ZQYGLU;] 6BJSRFBO#*N# @?9_79,AG^QE#WAKT,8NT!0'9ZFT$H6,X51X_0*T+;7?M0R\["Z;>;*Q2$_&.#9@SXW4S=-D^L$(\N
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MBS<<>/0*F<:_$+D\/)C23R9I/#U60I4]!3^
M'(W'\*?\JZ[VUSMR6H_B=#JSSXW@E&32IGZ6!Y3"(T\5V0P^&LYJ]R4?QI-L
M%N49C'LXA9;@B_$DA\7-H*'Q,,53-1W/N(7BE@+]G/='<3:<8"?)D(:1SJ"Q
M\2R:CD!<3R"\Y4E.),$FA@#]\!5RDA\&LU2( 2@PEM8XG-M@2EWY]?%
M_#=D7P4.*1 %,(P%*
M',?#T2FG-(^SG#DA?P(R!&8!YQ2H>3J9^*<4.DCXE/(G6 =8 SBKT/FPXY0"
M9"?C'-?)GL_A& @)Z1G??8)O9^F4S^=P!&=PS,#)02.U=8T@/CV%SC3XU4EFK-4A#8OI"95 /,#IN@"ILWHE;K30G!7_4%8C7
MQ58%Y\=Q!\UN8WQF(WD3-&2VK6]+96>#SZ"B#)Y-,Z"F)6"J97^HL.-:V5(P @G=<$O@1&]0
M211KY06U[HFD34\EVITJM)^0U0LS/M#;A[315ER;R^P,2''TRDJ'TX(876W$
MG@!W+#(_N"B,MXH]MYN2K&-*]Q_A8*07VYXZK0IF7L'H,:IYH%SJ
MV#W>(^GC[]0$S>,.M*WEXSG3J!O(+][^YO"7%=Q+=H5IWVO'J^1L>/GYGL(B
MT&1(HU^7;)?9BF^MW9CQ;KD3I'5RQW"+(>FQ<90@$7,HP_6?V)9*@535&D;V
M;V*KLE:1:%O5OW%T$WG8,'P4A)4!RRJTES7;/XE<5Q3EBL=3;/9D==O;J^91
MVS)">SR(_GA7KE6)S4J@VMI]\$8SD^;^Z=UC[YXUAV# =%4^P*D$IK39@OJU
M1_P('A<\+(F5_3GG?@'V5'JL&DT3Y.J>EUB"$M%?CH0ZM#(4<=B
MP->N9#3"5JX)B#>1[U \(A)J*.ZFV'QA#HG2L2S1UC@HVVICM9;1$O\B1OMP
M5V*;"FBIPD 0V)5E]5M)[!%6$OD._(1!_>Q-DT!^:8*6SEEM25[#>$_T]IC)
MF"?$W%3O%"W# +15D]$3U*(]SKNO2S=SR7AKB+HW-S
M<-&!^GGS@ ZS)J/$^<_O-F@6P8V!"=V5"^"^ME6>*ETJJA5L0_=*=.A>L4X$
MS14+-]Z&PD3NJNN*3:+PS&8%M]98\3W:'EZ=9)4I58O9OE'AWPO##56G6W3VW&KJ30OFD;5,(FKQMQ
M5)M<#VA1_+FD?RPV2UQ9I 9:--58'1P,$.N.F6IS7"8=A"R=;E!9;\]$;*W>
ML05XB=D K,%R,[=O510^(<.+NH9727K4H['A8CCZ&>U)\V+:@."=V/RCSC2MX6@8$[[+LQ&XVX@\YQ@DHHA'629%OFS(])E=NP6T%Q.(L0Q_1B/1K$ KH5!'/9^.G0Z5)O%
M-7>M^:[>1N*G[?V#%X1SD/W7#H'^++9;"A'17EX=:Z1_8U$5BUNZ.UW^SQWSP5'!Q>U,CQ8B$AHY\3[B>++KC!?SQD
M>RBAEJ]7-I@UTAOPW6UYOB)#D@D\T O5$=#08D\X^M/945/HJ!^*>S@(VA]Z
MB!'Y$HO$3C4V9%68-6IP8.=K4%DDI@\\F]?%V:\RO*/+K&!%L[I
M$N-O:/2@=?+)66L8$'-O%RL3Q2!:E [[UHTVIA&ST:)S^$YRA[?2T'_@PCLX
M:".\TL#5X8'C\^UF[9*KXY?<9=F:BKT3V1X_2I&[3E 1';K4,WR_A\8.<)0=
M$+]/WI)J1Y>G[VXU+Z#6I7:22]1Q)$(S4L$9XPHHPRJ@;.,9;:YBH^$Y2;/KD
M6+K*;@$JVLQ6"A)E08TF1?QAE?_ N/T[9 [[X;#0W B8GHH6.TY1!.>>)07PQL(?8HMV^'Y
M XJS>&UED(,,.RBS>%R[FU-3R)!FU,A<2/G5MZ7P>GS<07YQ0NSY7G..F_J2
MXQ8YQVU-MJ# A([C(LC#!\IQ*\H*_M3'BD-$H3I[-A$8!9J9F8(+LN.7]?V&
M URP$Y1%\ BX75G!'EMJ2"84+;8D$9]/KL)K6@EXXQB/WL_8RB K:
MICB.7&S2M!N[Z9P&G0ACYLEL(A0]'U&:#%WGT ;;$-D(;@X23[XE4S%M$B))
MPQHF/1T7K0KSM:/VHZN=T%.,-[/V5);B;+>-=0%^:KQ/J(BP"4"OIPGB;<>Y
MJ&"<2Q<_T589A]HZA;UU.*[>B?MZ^BP0-..< &BW^1?[%^UWKA53E ;T';X2
M.8*NV12=C>F$0@+B=#96KQMRO?MTEF3BF8=/;G>N8H*^PMX^IY,)
M]C6:C#A#(AJ% A;__\N0Y!1 -*38A'HV2OL'.=H2"F?&Z!+?DRJ81@;;R_MY8U[N#6L,L306"6M$5
MU,/1 N&I=*?_<,:A1$];MS1.!X,;/;'I&>O#CD3_K/]<92G%6<2C8?<9GD9G
M>?341&YD%$^5QOEL(I&S+8'F0)<B=K#WR;FA ]:IM5WG6P^;.
MDB2A8)DDF?BK8T0RQR9Q:@\)30'ZF43$FWH./4AE[)BPYELO2:>11=$A.B N
M ?G.%5ORI;6V1N4VA6;R-2-(++K$GJ/%#Z7%C_[#&KARW^D5>,Z^_P\X_M"7
MZG4G6W-DNN/H2L@HW8F,0-#I_ N6 AV6W:!&FX
MF=#8?#?3L(I1\TPH>R:J&U)$J,%R2Q;ZDH3S)7,(N.V13"!YKI>
M/Z(E9E51(XPATT"/:=B838@,6MR4LP*/Y$F^V6])<",?N]M+T[%BIJ/N*$P[IQX9S29HLO?>8-CGQA=JB0+%% !L3>!U\BQJ_J.LC&!(#$GKJ6U"IVR>\L3D<7T&Q1'BYW$S[7UOEH2
MKH\4@IDAP,1)OK/+IYNX0;;1S60%NHP1<=E[BY-)8"HI<5:HG/2
M."!*K#NH0@C^FS!! =VDD$W@L(Q*(@,A;4>B!SN6Q[\@XV;ZHDAEUL\+Y^[V
MCO_&H.3-S8UWZ^]:)A!GRYU%,#$TCB%.4CHU <22:7F-T0_$8^BNP$.)3E9?
M/429OH/V$6HV&4PL+2!QI(-4?Q$[&XMIS3821B"8P^TJ:C<96V+$=B=3_7<3
MGG*@#&+=!X-8ISX2=*W]HO82M$T4T3431A/IMG%KT@YPI.,Q6#G*Q>3/*Y\,0!;X8"H_L!9Z)$3NY6<
M*CTDN:IYHSAJ!*2@[QE40*074AYH(Y2S$;K#KE-EMQ3O983R<'LT$@CTV=V?
MN_&QQ$NVQII^[_MYVQ2@- 6T7AY!Q[A5D^1[N:6;7?8RV\"\59/\!; 9CV7(\X@1!*Y>'^(U*('8L%9C
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MT5PNA2?DG3$/V59
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M3Q+JB\K8FM9TIZ\C%-BI-YN/RP1-\QTNC 8P[ZK]I
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M+9S2 XH!2*"AVVVQ:EYY>TKI*\E)Y=0Z$+DXV !1N2[4.3>X)9K<7>N[*CH8N;>UM^R=Y9TXF5XYJ M.@C_'.Q>2
M=*)Y&"ZD!W[93/T)V+Z\(:$8-ARD:!TE9A$6&X8#LLUUNIE"FHYX'FL*:C>U
M#@B;C!*E0^X56^>"6S-$IF$_7![=I_#/%OLAF9
MET ;FD9/OVCH9]-\PFWDD\18$>Q]W#GA)$[S(4T9WT68+67PJ8B-':BN"@D3_T8:Y,#4*2&T'Z
M=D&GEX\&,]S)P&ZD@V)K%WN$D0&9?1UX0IE5LDN#!3=6U3DCG]M.HHY.8M7;
M0QS]B"N+Y55@]1;MX:E?"M@]]%8\ENO&C]Z.L9&W.2A5@G#@3?GJH<)H !1Z
M>IMD6>$@
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M=#3A8G/.XPB0PR^H%T9%=O<+(?:*KE9/TS5XD(''CY)J (@.NJ21+[FJ[]H/:[:JGA%$)'R_?&T "5
M,T!M[S%V8E&/R%",-B9VZY$A'L\) N=ZM3^UF5VE= @W<:)35,?=N$*M;$H_#?3$*@VN%<,(Q*9D?]N2GO!Z=)T[I
M"@OPKE[J](4+QNE/9EE.1L-BQ?Q-5WO2#RIXT*OU1!%F%)]8+K0>R2R+J1.!
MJ>CGF,/(L?C94C!O?#)Q(Q$)=.3J VFS/*5F)'BUVXN?Y;63BX&!Y_O[\YOM
MAJ-Z)=Z>1A1\'8X)^GFW3J62/F)L%$0QU"/,"-Y%V$@%P^9%8J^?5W %P^FD
M$)7TKA>/ BI1RJ+K4]=#:!!J-2^9'QB^&*/(Y,!7/X1$$KB%WF919ID*76.,5D14P$>Y, 3MQF3L>(L)??904B?8:
M1=X6<_1$(\2NP(*3C7#GNG4O2>E=XT6U06G'Y:PW!\R?93SDRD4'8ELX(0,_
M/XO4S<+D-E"G5TK!--UF9BEHAMH.S9;.Y9Q$8ECU0&T7QK_V@>>@_47YF<4I
M\NX_K!L;R7BR--)5R249?9J: TM!IP,-BA?5E-G2,A&;QI-W :=JR;:/=!AG4RQ5\#1ZHNB_8@5Y"U>(>>&7_9+_4ODT3F>4
MU9;F XHE&=/C%_M;],J2"0/?>%5>;_=H5J*WIDD\HH 3N%$'.0:ES.BM7XJU
M?HA?LTN!MN<$[H@TQT"[Z6S %07(E$&9YVA_-/,EL0*9MPW(QJU"8$?A 9:6
M!2?HN@1I?NUX?=N\R@5*;B:S$9Q%@--RXI'MR=Z$31[MU_$Z@D='#H]6!WFT
MAJWU&+44HE8'&+7+G"7/[UPS9S.*HYASU,&< W39'@1-@@, 4=47B%VB7I*L
M0;TQM;]T53O+^ZSL8R];SE5R!E?IVK)&_-'I("^%!S=#F:P').+\533)5.="2E(S\V%MCQ2L+T
M1G&230A9 P?JAY&[($,<5194_*82*.X_WOI28D(D L7$!MC(1 +]T8_A>7O_
M_/6   "HQJ74ZA3H6 WIP"?3PV @"N-R-D-"(D>L"P4!;
MJP7!L**FXS?NQ4R*OX&MJ.TA[CQ/DG03RL!X@P-ZC2!.QSB3G2(^9[1Y3W^P
M.]<)W-"= ?]!@!31I9S.V+^:Y^A=?>XB&\*O5 ;K#!/R=7!X..H;ZZ',NI/[
M^U[-HUR=C0@WXFR,L>;]TPT3*G70$:4_R:*S-#5V?UMG.TB+N!095WPY&V.)
MFP,H$PZ2&;U/V7P:*U*[(H\BMC996>NYWLKGFC5]=,SI[9)//[PQ:^58F%V[
MA5PZT <.2[7B,,3L( 3+N,XYV7,\I$AGQ @W@]GN+U/G5H 
M#;4$L9]2*LV48JFD.,_(FP/7^"#Z,JMY\OH B8X]NCU:^^LKA'BVE4Q]Q;'S>?A19])
MP:?G&-D@L5E0^C;>+H\@Z6[CZZFL._RY+K(/P"_&=;/D9_Q(-8K+A&LAAE=C)@7G@@
M<_@P+P4)&J1B.I5M\_'9_"F:(6C;2$EU+<>(R:H%9;=U F2('H#+[TH,T)GO
MI;I-L<-0]W.+T.$6$X)S*Z6[2-4G[^+9AF+O\,8BZZ[6G_5:=[[YE$1O9CE6
MX\'*6R2!!)1D<3?8H$Y-'Y+4H]RPT_;+IA(T)\JQ9T0O/"TX$(\M \U$^BL5
M>K[H"_D!@H]<LZ@Y]F,Z6J<:KM>.?Z#R\0+'+@59T'&LF: UD
M-#@"6)B7H1;[K_5DB*7TR)8T&DPFJL$1\X1J)1(JUR!+^$VU[Z=DX%UA3<*GC?!
MHKH"4P0YQ0L!+C]C=*4U>AF#,\5)C= @2<59VEZ$;;DJZ PK![G'%+_+!T-]
MCS?+Y(G]V60-Z?Z1>;/&:$,H*T.-#<_YR9.7J([AV(*14/^J8=@LN_WSF*IB
MZ\R+B8Y-GDO*#Q"^N2@, Q!S&Y51FF.0KP@BWCJVUG^%9LO[954:["![V06F
M+-[?\Q\+5HQ7J-PP1^E63=H!BFPW.6>!:^ZV83#=UV(YZ<]7:P!21DE@/'%OO:I"1Q2ERMDWUH,*QT^$S1<:UF@Z%4GPQ85E?5SN) /B( PYSFU=IHO3UGNUFFJ(W 32T_<,NZ
MCERS$$7CI*H3Z>-;GM0?C2^I->['P*B?1'D\F0[IWV0T,\?8B^N "\42VM<;SD>A-/ R/-5H$B>>PBXD(P2"/:/5H"5?G4LET2?2A
M*U,_!B(G2D!E$Q8+H^@H%6'/*#X$#B( 9P,QT!5P*PMOEV@1-LTV$>Y4#>R+
MM3ZY,\ST])!-AJD&N_//JDE2=8*AI$X*A]8LBE7A%.-"DR7M=[%6>H:,KH7K
M$+FJH^Z"TS7,V# /UBX(1:2P#PNX.PS/B;V3T\0T-[ 3'@0Q-*U"84)82"\PO1"6?U.DM$
M(H"9N7))(6J30H.20>,EV"Q8QD^%7G7XF1:R*E<]QXTTB&<(,&5#
MATP[8^9+\,_EY3=  2:ND-2#"Q#1D;H2<+VI=
M/L@7L6YF8>JHF9JM' FSPFHI[\U(E?,S[UAM0MY,$5XR.1LHM8UX.SB@6(K*
M1"T?MZR#NSQ%@S4LD?=O!^K7>Q(S1%;=&.#:17F.)35H]A3HZ(3!8(RUF7&C
M+A_;I:K6F#W49<$MP3)Z D\6&)OVJ&]@$!1# ,);-6^&[6A\6N=^:PT=I>+;
M?4'*JP4VU/JZR NU&^!F2DZA'T'3DU?$AMM74E?'*WPCLPKU[(1!2[4?Z; S
M?"^26G -=J$0LLQ7+"82L2Z>%=NI!T?)A7)>Z1A-Q8[K?%=VN.OV8BZ.]WFG<
M @M L+$Q(K1@J^)SM=JOG*+6-B?0Q+^Y*^NA-'"YOM]*M;?[XE[)4FB2-%(I
MP LL@FJ74(" DF(F]= 6V2 5> S:OM?+_"PSCGDN@&BH+B#>GU
M%D:&O>00/0<]R69?**O:;(PE)6@^J-H\G1N9H%'NG+P)2X;PE'.LUKJ+V63$^)R)\
MZCV6UDA>"1<,)6U+YWA@!>?-GL)U=']\(Y*$QV66*WC-1D:R1Y7?7FU@RTJ*
M]0%:F5O4.2H )FRW%I"9;^DNN63@7P);D;.!':J
MMI+=FX^E QLB]6GQ4Q@7*523G0Z"$>P9@:8%[D-(!S6%V=#=Z"Z660?&@4%?
MUO+1+"$7AL<]K_#4L9\,KV$#SHE6-?R(@+5-T11DQ'(MWIQ0SZV%QWY)-..%
M1U"+(AVY?QNO5EN;BO$;=5BR;RX+^;(#C#J!DYSI4N.4FES
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M2.X\-WTUR&5&FI+F'$=?!82Q%#Z;*L#^KT)NDO9U448?UU!5L"3/134VARXXL4+BN.O-LCSGX[MP3E;C="B&B3'+
MM17)AF\_;[GU*@^4135S27>S_8V=0[CM1KD*CA*HMKER]?P.9-QEJR@ZJ\!M
MZE"&:P!C9IO9++QJJR*/U$I\3G?!#(*HCX+[@IJ
M%E>A0>$,/7^D)AI\, YR-DH">DZ1P$F$/<E_'
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M;.\TF[P2FWST939Y \-'KM;+K?"S0J:Y,T%N/0 NU7'2D.0*ZSP?1)Y#BBE6]AT9>H@MENUE7<\30&\31F]T"_DL)F(0GJI/[MU
M] OJ.(CD@-X^N/@IA!QH:NRBJ#9;-MH'IP,"[[H53!NXV3])8&F3>FP((9W#
M>^"LGW7BWY-9-M2^:%IV3,%,INX%0PXE[AL3RN[O2_$&DY;RJEQ0K,=SM(7B
MRL)ZD82+H9?%5N*0T3"_K=UOD3\:,%89;"XPL3F),::F%V1L;5E&+'HDJ9"AQ@#MKB90RVY8A
MA4?!I0F-H&8U;EQ-=6O74I(.VLI7;X?**4E!/@\$3IX70%^,?!Q'/PGXY_,[
M8!LQXY#1_#]0PL6-0JT?Y#,"0^'>=2/.)M()JKG2'+%]!CH"J>!.R>/\+G?K
MOVF F,D%NR75S'(.K-> %P:=JFJQ@+F^+ 2K_N+&MMZ8C.Y$F4YDCC]O8(7^
M>2-54S\6U4,AR&8G:8L2@?>D*\*?W$8@T*
MY$OK>]A&'(C92VDK$'LN=&2'-0F1/X,M9)B[P_;(G8!Q*"9->*2\1W AO!U(
MLD.!#:03S"4S]X.+&]X^#3;^@>/E\2:Y9H1W:YMI^!:5)#,O'M?%"KF\ABYQ
M3L*VO#5@=0[>WSVPYWEE\-?
MKQR+UX7M\%(Z1/8DDV=T-%BK0S6T:E^3FNJ!4[2;UGS^N+DDT28";W-UMVX8R,3J[
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MB=(99O,PQ,5H//9/PQ."SB6\8?B F+(LH\NG,S6=O,SN!O,>L
M#\E33RC_W0"^>&/)XV22\(:UPTMME"?)G0[D(EMWR2Q>8NP4
MP0 'HKQ5F_Y;%N:.\:N@;5&@XLB7ZV#$Q([;9,UE@"3(5*X@M%50, M2"]H]
M<8)>5&G:L
MZN#=A!^#$C'RCMJJ9(2X-V9HTWI]*.
MI=<&= 47/<)=T:&(NK@:=RE>ZQ8UG+9 JKU @E,.8H4)2BT60B!_$M"B<,%[
M+KMPY)[@R]P3N7(HHM@*T)1ES,BH$L!G&ZQ8,1NEZ/489><@K?TF.,9,JP3B*]$[E!AZA>=8LD+-0"CC
MOC H:PJ;80=.,\GRAI#"9  :,*QIUD5;ZJ.JJ\_B7J;(6=;AF^])H"=\ V.$
MJ>BO?>@K9\)2RP$WAY:*% [-E6$5<.! ^[^NJ8H-2ZKI(H%
M,# .+Z7:ZX^-@B14LUY$ 7HEE)S?&!;O+)Q^N[D!L"!Z7H&&R5<5B<\\POZZ%@I(6$)F3**&N5O=+.;/,CNTE"=?,PBF$
MC+:U1^&0E$3L%DF6RJ.$Q^5$Q5^7JEEM$1W>P@G(H>;\6KOV;'OZ0(&H['W1
M".F7^9&3ULY0F1D"!=H$T'\4Y F,WI'HQ XFZ%VNQV&T0LL"NB<%IP4$)QD4=FKUV,1MG<(!:#;L][(+TK/[ !'@2+#5&4
M_'PGC\=#=ARH%]62QG3\D*/VD-5I0_918^ \'#]D&SH1D@5\%*WE/:"HH.F*VM[V1S8P$
MF@MV[M *548 YQMUT2(X!UH9HQ6=7$F3W :[C2YY'MJJA)MCX21&J> #,:>5
M"J22OLE1U_#55ZCZ[_8KU*LW6[:66)O1-,[&"7\8
MICFT)=5M\,D_MKF'/M#.^1G%H]$TGF4(VSK-,\2[42\U@0:),L.$\$F43>-)
MFOA]Z 67OJ#]&>C_Z83L48A,FZE.1O\DR@;9D/X93OO8*SZ13OG!<72(;SRP
MIL.SXK*Y5C?!<&7SDH^P&B NF:'RQQ4H5-I? N?4YUO^64J9<0 RK8Q*:[&Y
MN0')2S7\MTXFFH\(ZT9&,,0E1I5'8G\F+B21BP:"%J(T$/:QYO<&]1EI%2/*7K(*"ILA&Z(%MYR4&?'$^G
M;Q1"1$& 76Q&IZ7M-K$K.ND@,[$!:E$=Q,B[ZKIBO@[/P.&;&Q>-5 92CM9@
MQB1A_DY^ 5H-MCK762/;8F:!XGWDJ@EFXYGHG8
M6KT3O-3=!KC.$J."%/K_S%M56=OA15W#P_.SQFQ797'BL"NW8)GY8$2/:
M#E39+MO!'(\->4X8K*!?$'3DAXM $N
M8JMK@#C[L,U-#Y,-0!?2EU4R\! ].ZD,5VO7U]7Y[7CDI+=.N&'YC!0G:F\^LX"7?_< 7:VMG.'9F+C5M7;[_;I
M%?+#@!QE>+ 0T2947?#@_416=0H6LG9G(1=G+LUXKKI1*H3L&8'B?(%320F'
MSB;STN@Z?SXW;6QP^[+GV\ _'K(]'C(ZF\)W-G5Y6YZO2"4PYA:]4!UFG!9[
MPM&?SHZ:0D?]4-S#03"H60<8D2^QB,6XL2&KPJQ1@P,[YT*D:DJ1)5]7C%8]
M]^SV5L"SM38)J,!06W/F;:II<\FR(H^]99;::<+]!JB(L^KP>RN]*5J+AONH
MLU;OMHR,>$>*LW(".06V@\JPLZ51/<>AO<*A_/W]-CAB;2*TGC=%)4K!3AHWQ]B*>#V#.7<4'VM>%
M&:^R_*-+;#!U''3(:]W,&[]17K0N!79IFZ)@[DA8CVZT,8V85=C.X3NI/=Y*
M0_^!"^_@H)OQ1>KPP 73JM&L77)U_)*[+%M3L7X?L]
M-': ?0M _#YYDXM)+D]?9S0OH-:E=H+IW7$D0C,*@_T/7,Q[EW,T*\-Z=+S"
M1 VJ^W/>?%+K&0A[4''9]>WFFJVI4K=7A"XY;&ZQ7T>-N0#^2(G1!%]1/;FQQ ];YKYV$I)=E\Q1![T
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M_:R4<8='GBHR>'XT'D-[L/)A/,EF49YA_2 L' 1?C"P7!FXQ'=6AR[AV =:[HLG ;&\0A.
M7Y;@3+ 6$L8KXRKEHQR:FPW'%-S&L($L+"U*"AYA0S[*IO)%C174IV-:8_Z4
MCJ8PB3S-X;_9$.'706+<9C6+KA%.L^PMZN"=-NZ38QR\<1KC>\.(.7
MAECG:98"(0 5WL(2GYLLP=WY=3'_C;*E[  F\3B# =*.8=$F^&(TRJ"9Z10_
MY[#FADQ@3>-L,H.GP*F<#.US0"GIV+3,SQYU
M5+,@87L%#BD0!3 .+BXWCX>B44YK'6A\V'%*@3)GP,_2'!9U-J5C@KD2R)60&O#<)<.<
M$C$ZSB@(#Q%6#L05AJ=GP#^./*#03YK 5+ Z(78,?T]PPLB;<0P.;20SK&&3
M1"[email protected]]QD-HRG(ZS8.LLR%+*F<+R3<8[K9,_G< R$A/2,[W+)MI2+ Z;#
M$9S!,1_+A,_P,,ZG)+)),TCZ:!]IZK[Z8#0#672@L5-#^,_[C8!XS5G<+%@A
M=0$[V82 SC2Q/Q-RJ.,:1FKO&D-Z> R;:Y0M*!2K6H,@KI//R,_* XR.&Z *
M&\CC5BO-26'E,,F(#)-M1FA'&R6*F99??.+L=\I9(%E2/$T]14VIT$I*>303NB1!3!IW
M5B0%!2/)Y*Z"3VYW+GGAZ>GM$W@I]C6:COC*S8>CJ_OLO3YZG7(::
M_AJ-DK[!4M[:D#]]\?+,AK@5U-1L-NOISFP&[$68;2Z\&0/'$E_<0@HO:[:&
M;RI^4U@ .;CK1EUIL=))2+5N4]=4.2)LN8NY+L*+]97#U45)'(#S9GJ>ZANJ
MQX NM^4Y%D*UECI=!?;&M:'C#VP2"_*K%PW+E_%\Q5'+L-K2D=E*V!Y2OR%(
MUY+VZH<'7(V+Y@2:WG1UA%\@;EMZ"1;7LU;"!4D&=HEV^G\_4_(8BQ/7_#WC
M[7[:LK;B=! 
MB#&L99@^T"6K(U/SD'%)DM5"=Y7H9_W5Z*Q0[I@$88G4UR_1B,H"C\>3
MS@4ZHY13=XVPF#&^D[5'WE<*O.T??];#B<\2*I>,JS/Q5\>8UAW?\JD])#0%
MZ&?B5SQ^MY&(L@L;=_/>L6IVR4UH8P/&"KH08@J:MR]:KB^W*3A\OZYU:>%P
MN]_ ?KW6$[*!1%Z23",IH4,^0V0'FJ#BF#)IK>W;VS0GN#<3[.!_G5$/;1E/
M'27C!>1"9;;4W:#0E^IU)V-VTGF..UFS.!N.')EP,@0%FNH H@VECSBG\60T
M-/*A_7.6-\;G^WU.'6..%OZ1D5?S60PZJ+,$@&E@+Q&$I=LJ?BD%
MGV*JB,PWVTN-KTL7]^EO'$<(;TBAA_]?[RNJ45T3A,(DG1&$PFPT5F^+^5VU
M+K?05P/S-])H8%@2R^(A95,0N6=1-H%_IHKP;S%#"*-\MR:D=Q2C\CZ*4^29
MI./Q,8;@!%L>/[&,H"#@X^D(TR"V/1$U0$K&S($"S#]G9<
M2(UNA'1 &&I<\@M17WN\SE+V /:"SR\I)25ZKSN:T]K/<2H&N<:I])=V.)L.
MU:WI$*>F:XPC.](=DN*HRYC)A=KA9@X;3=2I%RHO@LN8<#&"W^(QQGBC\GQ9
M$3JOP[1P\$^B*4C;R'7.%)_/--9YMO60-KOHBKU&6F9RPE"3DB7$4)^:.8=4Q
M!D5C^*^#N>.LE01F%>L(-A3K CQ3@AXNB3%G"&#RJ!7CIY0=Z?HD-#LYRV9<
M1Q[N&J=]G2_9UT6[2;C5TR@!]?*#V[7_&!KZ,RHBFP(93H'O?9L:86O33*M+F@/J!HWO\SWJL9#]2ODP&R?![_6W4^%:]JCZ7"VYH.,A'^$,VF,*_U*PR
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MM*C^D7Z"'^#6N,+\*?<7\JQ/LKS5I_YAI$6>UJS]90%Q>3";FN:Q",25I,$V2>J8/36+\5:/\2ON;CVN4HRQ !$W7HZ&W#T#_%P\HG][:__
M;N=+5$#0Q=M2SHE&1)8 S46)PCG+V61RO"YOJ_5: K_)I6(0/23W W5'C61J
MFC71R$L?7H6!1&Q/%D@$YL;1ZA2#X6/)8/JU(%R9UV--!ES.A/WI D:S+5ME
MK>G8&/81FR)SIKK!@@J$8O [E2JB)1 ,$)*$6I,W(0_XW*?-7HQB1LWD7&0(%.%I04+V 
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M;M$XYRW*MV4_)^^$,2>>IOFOMIDN% I 44XH$3C$R%X1S075.4W3P7/33
MRC 2PD42(ZI1&'0C6$NHM<.5 M+H*)T=,410-\F]E(R0_,ZFDY$ 3&%
M_.V%A4#=FJQHB0YES>1DPZRF0Y^.?RS7Y4VU(Z]?MX'^@X5_NZ)+2ZLCGKC1
MLC@UY*B-,IF\%GPP'PUEX"P.R)+*= O-& (P SA-SO
M2Q2D:@L_%GS;VFH+D?C1CF=5GK&QJY"#S3)O >5V1+EU"2'?) 6PZ9KY0H-X
M\[[$('$2 O-A-^9\/AY'V03QZY=+PM[JJ461@TR*S_+-=7!9*2!B@G:&Z70:
MD"!-^5\*J&F4L>PT%#E7D(0H_I$JZ^XTDIDV25!5D>.)IHG(TP2=EHX>FATU
M,1<:)* .RW%_-Q+XT>C=K7$_!D9--2.F0_HW&_7KV(SIZ@)/>#@RZ Y7D1Y[*S;NT?V^O7\SNOHX?]T)41
M1_O:_NY?$V]X.N_R+Y&?CMSSK).-['62=G22PHM=*<8'WO"RBKN?[\\G[G[O
MZ"SBGB9:D2M]3_J9P]U/A]*$>YX^)E4XJ'!\34+ND?FN'9F@QP[GI-S\$9Y7'T-O!C[:<)[email protected]#"QVJ^\J9-3_VO;
M+CZ'VAXQZ&;[ZY\Y.V[4]T_EHM%U'M *XY45X8,!WJAT^Q=T_0DQ^:
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M?063@R \BFYPTZO\"P"8G&^?:N!''W<8QS3$B=(:GO8K<
M0_*]'..(ESM.:4B+\ !&CGKHI $>:J&!41(4%5Q8
MC>.G=RPZR,%M#B)^!!CH?R'8CI//W[>3.GI.;M\!;:V?1^5VC?Y.4L4WO]I]
MMGP(1.+D7>MMLI\?'H:!"&3@'(<#X=VB1T) >&9NC9;QHT;+\$UH!BSC90,L
MX[4&R_BUAFM2P#)\,[I&RWCMH&6TG^I%DCC=">7XF;AEM[6^'>N"HPBO=B_ 
M1'B*88R(4R?HMJ7#Y'KGU8?;T/EL&8Z_\[$;^E8G& KM4WTG8,-!@[A'KF'S
ML.GB%2,*O"%$ ;^_7L^C2[JG[LH)M?]NL!IJ%2I,"5+OOGA7.'
M7%;'.*FZA^X$G#X><7WOUXX>@]?"-<>K^R)M_^-NP?:" UJLSH(/HJ048]7V
M;A?.KUV-QP*K6[E\'AANL>2H559]V\UQR%ZQ)C][!5J63^/A98N=C-@KMU;L
M7Z+NG0STAL[U,&_KZE<2)<.
MTFN0\"^7_S,Z^\__"#QTO7.%WG[>B0@(]MG") W<;^&^I<"&(GB N]3$9C8B
MQ=!1^"161GPLUUZ53X._<&!H<7138*H PVO\!1;SX MUN:XV6X98"%QM+223
MAW:T5\-CVGY_.$A]'\1PD.3>EQYP?2>E^F,2$)U'N>]]/VS8Y=O>56O4\OC=
MMP87.OG2[\7?"2A0IV+:]/07Q./I[[+=A>]6[D/I"=^D!^!U>K;, .FXFMQ1V&(A ?<_TP 6^7^,.;?;@%#8
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M@_(Y97WZ2;2-B9?EO
MGHB6%7TU6E;T#="RHA!:UC\9$A)T!EN0S*_=IMXING[3%\
M1N-<$B_NYQ9_/R2GD]7@#RWL%,FDX_S./6?L'H>(TS?C+\ ZZHA6.:GE,*S0
M<0T?@ROD73]]47."SW32.PTDBI/>;( S]?D7#T7A'='$5X$G?8&/[*@^C@BQ
MLB / @7??N#+$8C"$NK1M&?PACR[/P?4=(SW2 2HGC-T'"#4"0T<4QF[A5IT
M@HA^B(U;ST,_%W(LG'+<'- M.YSEVSEC"X>BNVBE\SDMA+0"Y;V
M;_8[5!>,Y87%"KY>[QF["<;+$_'AFUP\(O0_($F$[>-YV'OSJA$B*NA%U"R#
MA^M&%P$9EJ^\S3W?-SV9YHT'8P/?9$2-\C-:>JVXTY4#?JB=;;D"HL/A:NZU
M[\@0:[5D\:$J@P\5]!%HV CK)'2#[ XA^(1OEH9OL_':G)B^%K;T0I-:!COT
M;5L+.'VD(7KY8)"%AR1&1_ D9;*CB6\DH(5YZK-\XFMR;D]\RZ*1=;THE\RAR9R*QW;,LMFM.7GI3G[5+-_)
M;[I+V/VRMXS=CW8BU74_V&)9+6IU1PL=]Y@'#R'&G1XP^+67:=Q\C63@OONU
M@3'SPF+,> /3V&P_.=AL%PULMK!D>S10VNFN7XGAQ&>N\!I%6>)2<,#^J#&^
M!"4L^MJ19@^#A'GS#".6!43O;KBR#O+_DL'T8=I];5+_R3G]
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M&UL4$L! A0#%     @ 
M(80[2$K_(DV, @  , X   T              ( !7Q$  'AL+W-T>6QE&PO=V]R:V)O;VLN>&UL4$L! A0#%     @ (80[2/;)@$Y& @  KP< 
M !@              ( !RQD  'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#%     @ (80[2%U49F0K!   T1,  !@              ( !
MFR(  'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#%     @ 
M(80[2&6+:Q>3 0  < ,  !@              ( ! RX  'AL+W=O&PO=V]R
M:W-H965T&UL4$L! A0#%     @ (80[2-Y4*:&5 0  < , 
M !D              ( !83,  'AL+W=O&PO=V]R:W-H965T
MD@$  &\#   9              "  ?8V  !X;"]W;W)K&UL4$L! A0#%     @ (80[2#D!^%V5 0  < ,  !D             
M ( !OS@  'AL+W=O&PO=V]R:W-H965T
M&UL4$L! A0#
M%     @ (80[2)R8'1B5 0  < ,  !D              ( !(CX  'AL+W=O
M&PO=V]R:W-H965T&UL4$L! A0#%     @ (80[2%QS
MJ1J7 0  < ,  !D              ( !HT,  'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#%     @ (80[2&J+5^2D 0  U0,  !D 
M             ( !7$D  'AL+W=O&PO
M=V]R:W-H965T&UL4$L! A0#%     @ (80[2+$K?6*E 0  U0,  !D              ( !
M_DX  'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#%   
M  @ (80[2+_GZA>F 0  U0,  !D              ( !B50  'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#%     @ (80[2 VPK04V @  O <  !D     
M         ( !BFX  'AL+W=O&PO=V]R
M:W-H965T&UL
M4$L! A0#%     @ (80[2.R*18(. @  X 4  !D              ( !?G4 
M 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#%     @ 
M(80[2-LOZ4<6 @  \08  !D              ( ![GL  'AL+W=O&PO=V]R:W-H965T+  !X;"]W;W)K&UL4$L! A0#%     @ (80[2&DD/,FG 0   @0  !D         
M     ( !I(T  'AL+W=O&PO=V]R:W-H
M965T&UL4$L!
M A0#%     @ (80[2.&#=J^+ @  F@D  !D              ( !N94  'AL
M+W=O&PO=V]R:W-H965T&UL4$L! A0#%     @ (80[
M2"*TPF-] @  90@  !D              ( !GIX  'AL+W=OJZI;SX"  !O!P  &0      
M        @ %2H0  >&PO=V]R:W-H965TC  !X;"]W;W)K
M&UL4$L! A0#%     @ (80[2,6KR^KH @  Z@P 
M !D              ( !$:8  'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#%     @ (80[2 BGI4:"90  ,8\! !0             
M ( ! Z\  'AL+W-H87)E9%-T&UL4$L%!@    !" $(  !(  +<4
$ 0    $!
 
end

/**
 * Rivet Software Inc.
 *
 * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved.
 * Version 2.4.0.3
 *
 */

var Show = {};
Show.LastAR = null,

Show.hideAR = function(){	
	Show.LastAR.style.display = 'none';
};

Show.showAR = function ( link, id, win ){
	if( Show.LastAR ){
		Show.hideAR();
	}
		
	var ref = link;
	do {
		ref = ref.nextSibling;
	} while (ref && ref.nodeName != 'TABLE');

	if (!ref || ref.nodeName != 'TABLE') {
		var tmp = win ?
			win.document.getElementById(id) :
			document.getElementById(id);

		if( tmp ){
			ref = tmp.cloneNode(true);
			ref.id = '';
			link.parentNode.appendChild(ref);
		}
	}

	if( ref ){
		ref.style.display = 'block';
		Show.LastAR = ref;
	}
};
	
Show.toggleNext = function( link ){
	var ref = link;
	
	do{
		ref = ref.nextSibling;	
	}while( ref.nodeName != 'DIV' );

	if( ref.style &&
		ref.style.display &&
		ref.style.display == 'none' ){
		ref.style.display = 'block';

		if( link.textContent ){
			link.textContent = link.textContent.replace( '+', '-' );
		}else{
			link.innerText = link.innerText.replace( '+', '-' );
		}
	}else{
		ref.style.display = 'none';
			
		if( link.textContent ){
			link.textContent = link.textContent.replace( '-', '+' );
		}else{
			link.innerText = link.innerText.replace( '-', '+' );
		}
	}
};

/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
.report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em; 
	position: absolute;
}

.report table.authRefData a {
	display: block;
	font-weight: bold;
}

.report table.authRefData p {
	margin-top: 0px;
}

.report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

.report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

.report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

.report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
.pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
.report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

.report hr {
	border: 1px solid #acf;
}

/* Top labels */
.report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

.report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

.report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

.report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

.report td.pl div.a {
	width: 200px;
}

.report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
.report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
.report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
.report .re, .report .reu {
	background-color: #def;
}

.report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
.report .ro, .report .rou {
	background-color: white;
}

.report .rou td {
	border-bottom: 1px solid black;
}

.report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
.report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
.report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

.report .nump {
	padding-left: 2em;
}

.report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
.report .text {
	text-align: left;
	white-space: normal;
}

.report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

.report .text .more {
	display: none;
}

.report .text .note {
	font-style: italic;
	font-weight: bold;
}

.report .text .small {
	width: 10em;
}

.report sup {
	font-style: italic;
}

.report .outerFootnotes {
	font-size: 1em;
}



  3.3.1.900
  
  html
  195
  244
  1
  true
  72
  0
  false
  9
  
    
      false
      false
      R1.htm
      101 - Document - Document and Entity Information
      Sheet
      http://www.apple.com/taxonomy/role/DocumentandEntityInformation
      Document and Entity Information
      Cover
      1
    
    
      false
      false
      R2.htm
      103 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
      Sheet
      http://www.apple.com/taxonomy/role/StatementOfIncome
      CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
      Statements
      2
    
    
      false
      false
      R3.htm
      104 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
      Sheet
      http://www.apple.com/taxonomy/role/StatementOfOtherComprehensiveIncome
      CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
      Statements
      3
    
    
      false
      false
      R4.htm
      105 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS
      Sheet
      http://www.apple.com/taxonomy/role/StatementOfFinancialPositionClassified
      CONDENSED CONSOLIDATED BALANCE SHEETS
      Statements
      4
    
    
      false
      false
      R5.htm
      106 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)
      Sheet
      http://www.apple.com/taxonomy/role/StatementOfFinancialPositionClassifiedParenthetical
      CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)
      Statements
      5
    
    
      false
      false
      R6.htm
      107 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
      Sheet
      http://www.apple.com/taxonomy/role/StatementOfCashFlowsIndirect
      CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
      Statements
      6
    
    
      false
      false
      R7.htm
      108 - Disclosure - Summary of Significant Accounting Policies
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsBasisOfPresentationAndSignificantAccountingPoliciesTextBlock
      Summary of Significant Accounting Policies
      Notes
      7
    
    
      false
      false
      R8.htm
      109 - Disclosure - Financial Instruments
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsFinancialInstrumentsDisclosureTextBlock
      Financial Instruments
      Notes
      8
    
    
      false
      false
      R9.htm
      110 - Disclosure - Condensed Consolidated Financial Statement Details
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsAdditionalFinancialInformationDisclosureTextBlock
      Condensed Consolidated Financial Statement Details
      Notes
      9
    
    
      false
      false
      R10.htm
      111 - Disclosure - Acquired Intangible Assets
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsIntangibleAssetsDisclosureTextBlock
      Acquired Intangible Assets
      Notes
      10
    
    
      false
      false
      R11.htm
      112 - Disclosure - Income Taxes
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlock
      Income Taxes
      Notes
      11
    
    
      false
      false
      R12.htm
      113 - Disclosure - Debt
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsDebtDisclosureTextBlock
      Debt
      Notes
      12
    
    
      false
      false
      R13.htm
      114 - Disclosure - Shareholders' Equity
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsStockholdersEquityNoteDisclosureTextBlock
      Shareholders' Equity
      Notes
      13
    
    
      false
      false
      R14.htm
      115 - Disclosure - Comprehensive Income
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsComprehensiveIncomeNoteTextBlock
      Comprehensive Income
      Notes
      14
    
    
      false
      false
      R15.htm
      116 - Disclosure - Benefit Plans
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsCompensationAndEmployeeBenefitPlansTextBlock
      Benefit Plans
      Notes
      15
    
    
      false
      false
      R16.htm
      117 - Disclosure - Commitments and Contingencies
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsCommitmentsAndContingenciesDisclosureTextBlock
      Commitments and Contingencies
      Notes
      16
    
    
      false
      false
      R17.htm
      118 - Disclosure - Segment Information and Geographic Data
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsSegmentReportingDisclosureTextBlock
      Segment Information and Geographic Data
      Notes
      17
    
    
      false
      false
      R18.htm
      119 - Disclosure - Summary of Significant Accounting Policies (Policies)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsBasisOfPresentationAndSignificantAccountingPoliciesTextBlockPolicies
      Summary of Significant Accounting Policies (Policies)
      Policies
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsBasisOfPresentationAndSignificantAccountingPoliciesTextBlock
      18
    
    
      false
      false
      R19.htm
      120 - Disclosure - Summary of Significant Accounting Policies (Tables)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsBasisOfPresentationAndSignificantAccountingPoliciesTextBlockTables
      Summary of Significant Accounting Policies (Tables)
      Tables
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsBasisOfPresentationAndSignificantAccountingPoliciesTextBlock
      19
    
    
      false
      false
      R20.htm
      121 - Disclosure - Financial Instruments (Tables)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsFinancialInstrumentsDisclosureTextBlockTables
      Financial Instruments (Tables)
      Tables
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsFinancialInstrumentsDisclosureTextBlock
      20
    
    
      false
      false
      R21.htm
      122 - Disclosure - Condensed Consolidated Financial Statement Details (Tables)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsAdditionalFinancialInformationDisclosureTextBlockTables
      Condensed Consolidated Financial Statement Details (Tables)
      Tables
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsAdditionalFinancialInformationDisclosureTextBlock
      21
    
    
      false
      false
      R22.htm
      123 - Disclosure - Acquired Intangible Assets (Tables)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsIntangibleAssetsDisclosureTextBlockTables
      Acquired Intangible Assets (Tables)
      Tables
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsIntangibleAssetsDisclosureTextBlock
      22
    
    
      false
      false
      R23.htm
      124 - Disclosure - Debt (Tables)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsDebtDisclosureTextBlockTables
      Debt (Tables)
      Tables
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsDebtDisclosureTextBlock
      23
    
    
      false
      false
      R24.htm
      125 - Disclosure - Shareholders' Equity (Tables)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsStockholdersEquityNoteDisclosureTextBlockTables
      Shareholders' Equity (Tables)
      Tables
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsStockholdersEquityNoteDisclosureTextBlock
      24
    
    
      false
      false
      R25.htm
      126 - Disclosure - Comprehensive Income (Tables)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsComprehensiveIncomeNoteTextBlockTables
      Comprehensive Income (Tables)
      Tables
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsComprehensiveIncomeNoteTextBlock
      25
    
    
      false
      false
      R26.htm
      127 - Disclosure - Benefit Plans (Tables)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsCompensationAndEmployeeBenefitPlansTextBlockTables
      Benefit Plans (Tables)
      Tables
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsCompensationAndEmployeeBenefitPlansTextBlock
      26
    
    
      false
      false
      R27.htm
      128 - Disclosure - Commitments and Contingencies (Tables)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsCommitmentsAndContingenciesDisclosureTextBlockTables
      Commitments and Contingencies (Tables)
      Tables
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsCommitmentsAndContingenciesDisclosureTextBlock
      27
    
    
      false
      false
      R28.htm
      129 - Disclosure - Segment Information and Geographic Data (Tables)
      Sheet
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsSegmentReportingDisclosureTextBlockTables
      Segment Information and Geographic Data (Tables)
      Tables
      http://www.apple.com/taxonomy/role/NotesToFinancialStatementsSegmentReportingDisclosureTextBlock
      28
    
    
      false
      false
      R29.htm
      130 - Disclosure - Computation of Basic and Diluted Earnings Per Share (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureComputationOfBasicAndDilutedEarningsPerShare
      Computation of Basic and Diluted Earnings Per Share (Detail)
      Details
      29
    
    
      false
      false
      R30.htm
      131 - Disclosure - Cash and Available-for-Sale Securities' Adjusted Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents or Short-Term or Long-Term Marketable Securities (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureCashAndAvailableforSaleSecuritiesAdjustedCostGrossUnrealizedGainsGrossUnrealizedLossesAndFairValueRecordedAsCashAndCashEquivalentsOrShortTermOrLongTermMarketableSecurities
      Cash and Available-for-Sale Securities' Adjusted Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents or Short-Term or Long-Term Marketable Securities (Detail)
      Details
      30
    
    
      false
      false
      R31.htm
      132 - Disclosure - Financial Instruments - Additional Information (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureFinancialInstrumentsAdditionalInformation
      Financial Instruments - Additional Information (Detail)
      Details
      31
    
    
      false
      false
      R32.htm
      133 - Disclosure - Derivative Instruments at Gross Fair Value (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureDerivativeInstrumentsAtGrossFairValue
      Derivative Instruments at Gross Fair Value (Detail)
      Details
      32
    
    
      false
      false
      R33.htm
      134 - Disclosure - Pre-Tax Gains and Losses of Derivative and Non-Derivative Instruments Designated as Cash Flow, Net Investment and Fair Value Hedges (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosurePreTaxGainsAndLossesOfDerivativeAndNonDerivativeInstrumentsDesignatedAsCashFlowNetInvestmentAndFairValueHedges
      Pre-Tax Gains and Losses of Derivative and Non-Derivative Instruments Designated as Cash Flow, Net Investment and Fair Value Hedges (Detail)
      Details
      33
    
    
      false
      false
      R34.htm
      135 - Disclosure - Notional Amounts of Outstanding Derivative Instruments and Credit Risk Amounts Associated with Outstanding or Unsettled Derivative Instruments (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureNotionalAmountsOfOutstandingDerivativeInstrumentsAndCreditRiskAmountsAssociatedWithOutstandingOrUnsettledDerivativeInstruments
      Notional Amounts of Outstanding Derivative Instruments and Credit Risk Amounts Associated with Outstanding or Unsettled Derivative Instruments (Detail)
      Details
      34
    
    
      false
      false
      R35.htm
      136 - Disclosure - Property, Plant and Equipment, Net (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosurePropertyPlantAndEquipmentNet
      Property, Plant and Equipment, Net (Detail)
      Details
      35
    
    
      false
      false
      R36.htm
      137 - Disclosure - Other Non-Current Liabilities (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureOtherNonCurrentLiabilities
      Other Non-Current Liabilities (Detail)
      Details
      36
    
    
      false
      false
      R37.htm
      138 - Disclosure - Other Income/(Expense), Net (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureOtherIncomeExpenseNet
      Other Income/(Expense), Net (Detail)
      Details
      37
    
    
      false
      false
      R38.htm
      139 - Disclosure - Acquired Intangible Assets - Additional Information (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureAcquiredIntangibleAssetsAdditionalInformation
      Acquired Intangible Assets - Additional Information (Detail)
      Details
      38
    
    
      false
      false
      R39.htm
      140 - Disclosure - Components of Gross and Net Acquired Intangible Asset Balances (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureComponentsOfGrossAndNetAcquiredIntangibleAssetBalances
      Components of Gross and Net Acquired Intangible Asset Balances (Detail)
      Details
      39
    
    
      false
      false
      R40.htm
      141 - Disclosure - Income Taxes - Additional Information (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureIncomeTaxesAdditionalInformation
      Income Taxes - Additional Information (Detail)
      Details
      40
    
    
      false
      false
      R41.htm
      142 - Disclosure - Debt - Additional Information (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureDebtAdditionalInformation
      Debt - Additional Information (Detail)
      Details
      41
    
    
      false
      false
      R42.htm
      143 - Disclosure - Summary of Cash Flows Associated With Issuance and Maturities of Commercial Paper (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureSummaryOfCashFlowsAssociatedWithIssuanceAndMaturitiesOfCommercialPaper
      Summary of Cash Flows Associated With Issuance and Maturities of Commercial Paper (Detail)
      Details
      42
    
    
      false
      false
      R43.htm
      144 - Disclosure - Summary of Term Debt (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureSummaryOfTermDebt
      Summary of Term Debt (Detail)
      Details
      43
    
    
      false
      false
      R44.htm
      145 - Disclosure - Summary of Term Debt (Parenthetical) (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureSummaryOfTermDebtParenthetical
      Summary of Term Debt (Parenthetical) (Detail)
      Details
      44
    
    
      false
      false
      R45.htm
      146 - Disclosure - Summary of Dividends Declared and Paid (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureSummaryOfDividendsDeclaredAndPaid
      Summary of Dividends Declared and Paid (Detail)
      Details
      45
    
    
      false
      false
      R46.htm
      147 - Disclosure - Shareholders' Equity - Additional Information (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureShareholdersEquityAdditionalInformation
      Shareholders' Equity - Additional Information (Detail)
      Details
      46
    
    
      false
      false
      R47.htm
      148 - Disclosure - Accelerated Share Repurchase Activity and Related Information (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureAcceleratedShareRepurchaseActivityAndRelatedInformation
      Accelerated Share Repurchase Activity and Related Information (Detail)
      Details
      47
    
    
      false
      false
      R48.htm
      149 - Disclosure - Repurchases of Common Shares in Open Market (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureRepurchasesOfCommonSharesInOpenMarket
      Repurchases of Common Shares in Open Market (Detail)
      Details
      48
    
    
      false
      false
      R49.htm
      150 - Disclosure - Pre-tax Amounts Reclassified from AOCI into Condensed Consolidated Statements of Operations (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosurePretaxAmountsReclassifiedFromAOCIIntoCondensedConsolidatedStatementsOfOperations
      Pre-tax Amounts Reclassified from AOCI into Condensed Consolidated Statements of Operations (Detail)
      Details
      49
    
    
      false
      false
      R50.htm
      151 - Disclosure - Change in Accumulated Other Comprehensive Income by Component (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureChangeInAccumulatedOtherComprehensiveIncomeByComponent
      Change in Accumulated Other Comprehensive Income by Component (Detail)
      Details
      50
    
    
      false
      false
      R51.htm
      152 - Disclosure - Benefit Plans - Additional Information (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureBenefitPlansAdditionalInformation
      Benefit Plans - Additional Information (Detail)
      Details
      51
    
    
      false
      false
      R52.htm
      153 - Disclosure - Restricted Stock Units Activity and Related Information (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureRestrictedStockUnitsActivityAndRelatedInformation
      Restricted Stock Units Activity and Related Information (Detail)
      Details
      52
    
    
      false
      false
      R53.htm
      154 - Disclosure - Summary of Share-Based Compensation Expense (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureSummaryOfShareBasedCompensationExpense
      Summary of Share-Based Compensation Expense (Detail)
      Details
      53
    
    
      false
      false
      R54.htm
      155 - Disclosure - Changes in Accrued Warranties and Related Costs (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureChangesInAccruedWarrantiesAndRelatedCosts
      Changes in Accrued Warranties and Related Costs (Detail)
      Details
      54
    
    
      false
      false
      R55.htm
      156 - Disclosure - Commitments and Contingencies - Additional Information (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureCommitmentsAndContingenciesAdditionalInformation
      Commitments and Contingencies - Additional Information (Detail)
      Details
      55
    
    
      false
      false
      R56.htm
      157 - Disclosure - Summary Information by Operating Segment (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureSummaryInformationByOperatingSegment
      Summary Information by Operating Segment (Detail)
      Details
      56
    
    
      false
      false
      R57.htm
      158 - Disclosure - Reconciliation of Segment Operating Income to Condensed Consolidated Statements of Operations (Detail)
      Sheet
      http://www.apple.com/taxonomy/role/DisclosureReconciliationOfSegmentOperatingIncomeToCondensedConsolidatedStatementsOfOperations
      Reconciliation of Segment Operating Income to Condensed Consolidated Statements of Operations (Detail)
      Details
      57
    
    
      false
      false
      All Reports
      Book
      All Reports
    
  
  
    aapl-20151226.xml
    aapl-20151226.xsd
    aapl-20151226_cal.xml
    aapl-20151226_def.xml
    aapl-20151226_lab.xml
    aapl-20151226_pre.xml
  
  
  
  true
  true



begin 644 0001193125-16-439878-xbrl.zip
M4$L#!!0    ( "&$.TC64(BD CD! ('8$P 1    86%P;"TR,#$U,3(R-BYX
M;6SLO6MSXT:2+OQ](^8_\-49;W@B"#6J4+BUIWT"%\+6;KO5*\GCG?-% 9$E
M"6L2X *@NC6__LTJ\ Z0!$$"!$C,QK9%$I?*I[+R5EF9?_^_WT?#SAL-(R_P
M/UVA:_&J0_U^,/#\ET]7DTAPH[[G776BV/4'[C#PZ:>K=QI=_=^?__)O?___
M!*%S=]>Q ]^GPR%][_QWGPYIZ,:T<^.S._H4?NQ/1M2/NYTG-Z*#3N!W_MN\
M^]S!UZC3>8WC\HGV
M?^_,8;#SAV[*^KC3U1("[.OK
M('SY *^0/GA3 *^2*S^R7X=;KA]Z_I\,X?GU[(N5Z[])_&JDZ_H'_NOL4B\*
M"$;JML$D5\R?'7E93X9+T8?__NWS??^5CEQAG0)@IA?7'<_O?':C)W[?] >X
M'\EL'B0TNV5 %R_B(XIH__HE>/L /[#+R>KE\)!5B-SQ>$@Y.[%G(XR5I<'$
M[V,:98Z&_Y(Q'#:$0;PZHBGA\H?DQY5+O12;W9I%(_#;"K9+VP8:'48
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MWQNY0V!9 62V!G_W0]H/P@$=&".V
MG/>D7A9EI!6B7BE,/?QS];-,M!GQ.2E;A>&>&QGA ' :3/KQ'VX8NG[\;O3[
MX<0=[HD" ;)5F),B5-L:T36CUQ-42[2 :@L+FBDAH:>JJJ8XR%1[)J,:/Q*@
M&NGR.MG;*5FEVG*C5\,?L/_T_G?BO;E#,):+DX(-R::F
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M#2+(AG\=M?*>?B2<:^D<#HQN\/)VRF
MC<' 8[,/?H#K#6Y\RQU[\=YF[5;FWV'9Y24=% G6L"QM$9$[R5H%Y+/G/GE#
MN(Y&%@\T'*X\CTXVAAE7%5''ZV2G![]*'%CUD]%DR*P0FX[!P?&X.("_AY3+
M!9]Y.V'L_8M_#SX!R*CX_>L0M"C\QBSD\:A:2 Q'MV55DP19V0)BR3%
M*)D$K!)ITV<*7P_NZ!OU)[36=,+T2S)1ULG<2$(VI0_N]Z45=!*"'5G21?!?
MP9OM 9D6BV*H(A$0N/F:)BN&AK1';D!CI"!U$\&;*$F)@Q T0A-$'M*!8B)*
M60L\FX;-*[:V1&*P^/$L++=AM693MZ"^AE2I8)6"LY?FUJ5AK]+C># :^ME[
MHZ"FP?Q\\<"=,Z*(QM&20%\6W!62+3I_AY,H0;690RNJ-]ZKTQ
M[[>V7 XZ24D9;'O1M I'$JE]\9G_"W+/I#Y]]N+R%H*6ME& ',56@6:#$. (
MW1!,394$A&6P2&Q1)+*9"&V5I%?WAO&7&' ^9)+S!IRY229C*<7]^P2+"V47\(@BAB([I!!R.+X)GT&7P[ K! 8Q5 -;!BR )R@"7 3
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M_$>GVD_AA4!E]RQ3,W:27F  ZNYI?P.\E8ANJ,Q6'=TT'-#
MGV7AK,0QG[V^5T-ASY,L1&"9E'6[FYIU;R?H__D:# B5)0EG1Q@P"
M\CJM-?1&V;X)DE4I9:%MIF*5VO4(%A@MO>_3#;=?@F#PS1O6<.,023#!.DZQ
ML_41).8@-LB,4Z<_V^!66DHY&:S:LV$
M_$S&#"0M;2!MIV3=-!R <[?Q^E.:B?EQ($NTFQVB@1X@?1$0U5-(EO2
M(^%21&',D!',WD%,E@%=O^E%\B8G/QGQ^@R&,-,L?N6X7LBG^/9Y\66U8LW4
ML&,9DB:(HM43B,4. EF.)JBZ0I!N8HP4/6%@ ]/SM(B6O@U_G#3K$CO6H
MJJ*D=NCRT'/XOCS;T:CSOKS$]N71'N#D)#4[ K8PL(&]:NLF,.6']71Z]38J
M7_E0Y>Z%2D\6,B_S.)DHWE.\K%^T.PG(%;3]-4!9(7JKT(74N()"E6O\<>
M5V>_@[.3G%:]H^-)V']UV:FOX"5T1Z5AH:>P4$7%T P-"UK/5@0 0!,,!>N"
M8]D](LI8MQ7I$7-/?\75WX^@)1 6%F B#._H8-*G U@EO[E13$-@(@[K(D9:
M9 (W:$Q!&-W\)X8@'1@O+R$O!C-W(.J,GG%D45'MU@V,F*8V)9@6HHA
MZ+H%FM!T;$FWDJ4P3SZ:0K('/1DKP )Q&HQH&/WAQ:]+C)6VCDUWR$N,'8K)
M[(V[EHB,$:P(PQ%$!Q.!R*(,7 (K1G>(:HA846S1>92F)_'%M26R-UE'VDU+
M$@86@92(&Z(/KZX_W6.:QV$/*9OQ"-J!$%W\CG@D1][W4*["J?E;7SX;ST@GVX2-@R844.
MTX.=:!H]6Q*P:,/2T,!F-L$M$##85T]HKD$7-W.G0^TS,G<915;FJEI#A(T$=1^G0RV$Z0X,\Q5HBD,V
M9-F1+3.IKB6S(*N4D5!T2-)SU4 A$61"J4!AG@R-TK'V1L$D2Z18M;:\,/&<
M<4&5TW&;0W J(RK)8=$18K  ,'J)4/R4,!3\U55
M<4K6U <%+,I ='DH2-/L!DD3TR)W'QAV;(+Q2$%Q,'11DYC^422B\,^ZB+F8
M552557]$BB:SSZ"YV>]@-RL:NY[H4L'(F4% CH!HD45- 9^0$) O/20X.C9-
M;!"L:>H\FP:).!4KS(-'$Q#4)%TM#T%I*HHDE-HC.CJ LZA%P?SX_"!BE1 9
M5\>&\C3/1%,SZGGD@Z0I0);+CH,V [G
M+V*HBF98H"-T705OUI(%S18E ?PC4S9E;!G(8F*.Q\5E>,O,:28V33""[AA2PBMA'!$X/GOS820KRJ*4H#
MYT1,6'AM:O ^;#FJH%JZ!/ZXP^.OB-LMIJ$ 9*;,$.25EY&F+@I/'\*$L_/1
M[.Q<+3BP OQ6-6TYP)S J$%(4DBMS$*9TUM0KW!K!TJY!+RV98@SO 
M.X$UR(NU([EIUN#>0)9N#?(@6VW-P!E>AS.6(:4AY\TOF8!64#1?:UQFMA%I2-RFHX
MMS'60-FPG*$U4#9DYQ05J!*W!D8)JH2''[Q3TW5#BY@'RX=SCW"(9GE7KM#9
M0\LA/2RKK-P6JQ1M.19 @&U!=I!JBKHIJAJ>]W>59\>O-S4RVG"BY?0V45Z 
MBA[%EZII 5*B,50^0LSZT74YW;BN7O9/^4"PFDQBNF9#72V?\@%1&U_%J%*X
M>-F3=,FRQMDYY2/%#!M=RR@<7$_+IGQ 6 :?!U25Q,+$ L;YO
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M,!:(W-380NGH@[email protected]'[4>(FI[12?@$>1Z
M61"E \2SDV<%>,_1B #22SS@QTO_D3/:H"@=+[ @"+RS"0>YJH2%G^M*\5%C
M+(BRX5%91Q--V>/H28/LA[+!XQL5>UCL3;$>RL:-&0^*N(=_6"_;H6QX6.E@
M4P&DE:+C;$;
MRH:'V0WZ>1Z=*!V[17[#65D-9?S;&)TH%BQR:PU+!C$Z6C(B=Q^,::"V7CH[)C)7L8Y0VR%LJ&[LR.
M392.%S,3],::"66C@_85WUO,A'OJ>T'X)8@/T&.LM(8*A&N*B'DY%$5!K-D0
M456QF+TD8547994(!D:F0"3-!B!L1U!(3S14U22R)26=8-&B/L4R%DMD548O
M1C GQ3:DG5L%0PX3<7O2J?7Y04A#@%P5C7@=;J&%J;]H=&
MY$0SS G6JN-HG1&L+CSIR@F6$)%U5!U+,T+A=2RX250]M:.UD>3;,0W=&(S-
MS]2-:.1,XDE(?_-\;S09?77?DT:E!]C<#!#$*@RIJIYGOM/E3D5'DS515H!H
M8@M$U0S!L#53<&Q+L6SXUU%[GISDGB&BN\@F*;U4C]@WHOKZPSW!L\
MZ84N=W8M#@R692U#IX]A<,N(D!0@CJ9:HNHH@J.:"@!"D&":MBE8F@-F _R_
M9:.D(SQ(./%:%/$R(^2D:[TPU5.\Z(;GN'UZ8.]%6/ZZR,^!ZEA>6B4@)J0L
M"^<_OOYS!YNHJM63=5L5'&R#A2,!*IK6LP59))*NLNIY,N\?S:OB@BS*D N;
MJ"Q!2.Q)_NY5DHM\-&4*M(]0/%VX9V'V@OPK,1VG<>&=RH!A>:<([>.:5QG/
MJ0P&>0,,=0O@5 9(%3Z[9&E:& ]A:P6VO['MM*V],[39LE
M^7R76;,"I!:VRLJB/;>C6I1V;I(R!9,5?#DQ[7E]UJ*T)TZ*R+IX2_L2/Z#>
MQYX?>_&[%8Q&@7\?!_T_[U]=<&!N)W$4N_X -/">$"@B$K7'Y<-C$7_B"K52
MBEK-L%1#[BF"A'1)(,C2!:V'>X(F]@P1(V293H\U4V3TR:PG!R$R;R']]P_Y
MR%B=;V9L6D 7_, ZFC.-T0_" ?AQ1::=B)(X#UW(K!HPQJ)2+!@E6@8Q=-T0
M%,V2 0@D":QGNR":#KCQ/60B@X"$_/7V$;@=E:XX8 \<-!U_#8##IQW^ 
MT>7Z\3LHU'#B#O=&03Y>XA.;41N)V2\DWJ0XC7X+F2##ZGJ3'B-<=A*]V ?T2;*&;/41UGX7>#
M/$FEH!>PHI?6RE0U;--E37!G(9F8!!+0.RF:B,,B<@P)O%K
M$#+KX&#RCTLNBSUC)2WCMU"P@]3B0CX/K1E"/B^I+&%25C55EK93NE&\IZZ\
MB:))*3-Z )523BJ3L6\D,+KQ^\,)P\ 8#,"^#7QW^-7U!C>^Y8Z]>&\QOG49
M[Y!D>4GG]@I!J5W2?#:= P*
MW7,9(/#WD+(_0/1/?1K^/>A D+;Q^]2[3V5'8Q.
M5U?9G[IU9QO,FCLZGH3]5S>BH+->0G>TL-83!QV5!4F6[Z&*()D,#9SMGJT(
MI"=J@J%@77 LNT=$&>NV(CTF;NI3Y^]N#R!D(XT
M&D".8JM LT$(K S=$$Q-E02$98)%6Q2);";*:W9>:YGT#>,O,=!TR"3G"C3-
M,C^(JF6P?/Y 4^7[_H>(1U,B)K(DP>XI&)A Q8(NFZ;0ZR$#J0Y&L" >$6$;
M_?(^-1 *;?BOQJUG4:QB(?D#,,D5@B<\%LMCTFJZ4-XV2M(N/0W!T0$W%YR9
M^@D^#"L"5D_Z#,;JP->2X^)7&I[:.L]+(,M^DPA.G?':3$0N47[C]X,18_*O
MU'>'?%'X@UFFV-00KI^XYR7F/?&+CA/ 1+
M91S25^I'8$4FD+$4A2\TOGVN5MSGC=3!DA DDC[ML1]A:4GGQ3QIE&U:S#>K
MCNX&?8^\C[XW_'0%XI<6GG]801\RA%K:@ZUSY(%O%J8/]^ZD))> >WAUXS^"
MR7!P,QJ[_;CW_$S[K-&/K!UM!+)
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MJS,EI<76\J 3"%3D4:3Z?_GTF4[+[=42[>'X+E3,5Z6J:L'+(Z
M7\M%Z%I"9&'\)'+@C@XF?3H !OG-C6(: G[\B2RUYX7R1U:XAY73V&.YQ/,#
MKU-("A"V!,N7R>B)AK?/]]Z+[SU[?5 %_Z#^( @/ISYYSJYTQ)[=PYHFJ@(R
M="00>(>@]71-D&S=)(H&<"AVP@\L##RE>?.H,V=\:>.CD=..MD[[?M0M 60%
M0[9F0G=H#,'.&[PGM@\=&"\O(7V!G^;.0X68.(XL.KK%$O40P\2V!--2#$'7
M+9W(IF-+NI5@LER/9U^",I: !:(D&-$P^L.+7Y#,KLC;O6
MB(P1+ G#$40'$X'(H@QL DM&=XAJB%A1;-%A"8Q<0*"U-;(W6>L5O=P0?HF8
MQAR-J1_Q+.P7EO)J'RX3MDS8[J/#.*T^D&D:/5L2L&C#TM!4
M33 E318PV!3(EB6+&.9\_C3Y6E4KG;N=()X@=XS-@$HTA.$1."I4G'B
MHEM5TQ5M&@63+!7LQY 7)GXN19BWD3X23F5$=#@L.D*\LS:2BQ5MS17AX85!
MV*8E3I]1V2?&4S8*6,>XQ#C7= TI>CK\4Q\4L"@#T>6A($V+Q$@J2*Q#8-BQ
M@)@Z*(F\3J>$E&R"K1Z%+!((MC@H=EF@)Q
MP&XFLJ,*FB8Y@JPB1UZ'H\>-
M^:6;O@1);9)##J=EP'8X?Q%#533# AVAZP +JR:FV:(DF)IFRJ:,+0-9B;T@
M@;4)WM=\F>Z@<3EJ%-(!#,R+_DQ^NGUV@A#<'#_97.B_+YZQY"'9-()+^&'I
MB 5Q/?]EZ==&0DAX8:[Y&BT-G!,Q8>&UJ<'[L 4K4K5863_=X0$\Q.T6TU!$
MC$R9(2CQ_6EP0,5C,.%R%?9:<& %^)$535L.,"1V/VEJ!,[P.YRM#
ME$U"-%,0+4L4B"TK@JG:IJ"8K*JLA=2>1)@"D9/4(*0?10'G,73@<26KX5.@
M2%9T0YGPU*+4R-*:%F4LEYCB0YK28J1Z8)CI1W"].L96CP)S[E4]%>BL28.1
MZO%H7(.1ZB&2>'QWCX3!6C0:J1XG=BQ$V2=WO/K(63^ZR/)B:FW_E \$&#RJ+J72&>MJ^90/B-KX C"5PL7,')0N^=LX
M.Z=\I)AAHVD9YXSJ:=F4#P@S971$E#UD\-:>ZZ6FP=4E;S"!34XKKMHE#M8E
M45!JTO&1NB0(<@M)3W=IJ6V&8%TR J5C' ^IF:^R[-\222QVV#"?5N#[NEJJ
ML%C#7)=* >.!7*3N@=G)/)E*<6E&*+=Z7+B#,RM&?0[^3:7HL9)1^QBL-?9V
M*L6->3][B*C3NSZ5HH/XFL3'\81J:#4H6"I6KB(7@%IC=WTK!XJPIL2D:;9"
MV:C(O.IG*N+7&)NA;'Q49I/OP30-,AC*AJ[A26&5XZ7P)N%[!-_K92F4#0_:
M5WXWRT[018V4:&CQ2C)[\%;MS872\6)10'F/;(-:F NEH]+0T$+IN*BLQ- >
M>X$-LA-*Q^[<#(72 0-+@30E3:QZ=%BGYK.U$Q#2RCR;IS(S(:-;>6/MA-+Q
M C,!+-\])'\=[(3249&9L=[4H$+IZ("QH(CIRJKG8"V4CAW+NE*.LDM:*Z.A
M=-Q8=$%J:G"A='3 9E"D?59DLXP&2=5*C,T@D7?^3-?Y;;#94#IB+'>!;4;O
ML21K83F4#@R8#LVU'$I'AZ4PB/#,LPPUE \?6 ]ZNI=\\ZV'TH'CC8WUQD8=
MR@<(<7FNB^=R?#V%(.!5XO$^F;>$VJ?]9NU-B+(!8U7K9%%KV!9%Z; TB
M=%A8_T\D[W-)D/9\" .CWB< ^TU
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M0_>%+C-)R%=)IRDZ'8TU1)51Q$DJ@0$D11?Y848=RTL, "M RJ.\TX5=5=7JR;JM
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MM))L,72M:TLQL1PDK:F8A$>BV^?Y#<>E>8 E(P8CR-I60735)TF>\QR(J^
M95,E/?4R1CU=,QQ!=# 1B"S*@FZ)*O@O1#5$K"BVZ,SW$L1KQO]Y:#TE*AB)
M1%'*1P5/-U'%:Q75$!59EA%:XA6BR!HZ")6>W<.:!C @0T<"@1$)&L D2+9N
M$D43K9YB)[S"45G>?JLM*IJNRFKYJ.!IU$N\EK3ZHX(UHJAB^:@L-FM1(53*
M,C]3*"46A(HD3=K7_+1L0\>F#1I') :+#&J"AK J6*+=$RVL&K9JLD7#U2N&
M>9 .M4#WNW//;;G0._YF?99+Z$%\[&O
M[US_A?[F^=YHLI?!O@9:WCRVW4D1LB9)DH61H!B.#N#)6-![EBX@S52)A25=
M9U''N?0111EM"CGO2?Y1D'2_-Q#))+T$7GTPD@GY2[[0ZG-^7]A%V(W5^K*TD(-$VQ:P+EH"T1$L2X> T2RIV#)UEL"D+K),1";!2.I%Z"W"D523E!4CD3
MN3/#JL@JG.$![]&;(W<.IIAPBM6SD3OK2;!'6BWY"+E3)I)Z8N]H
MATOP>LB=*59%5N$,#RQBL4%RYU"*M=+D#EPQ[**^5M)[;R +RAPRCR">P%O=/",G@_$P?I02(,F!_%A#'5@I/R8P
M2OKA_'@2';@)JR(:888'%HE47QUX=(IQ:3Y_13IPVW&[H\D7H"]R21DXIT8'7\F+B"2#Q3'5@5/ZK39:TU6 =F8%5$(\SP !U(
M:JX#CTFQTF _<.<)[*/)G&1;.W$$ 
M.X$Q3='A&. TD
MCF+7'P!3&8/_F40Q0S,_X?KR 8E]5PA69=NR#22(\)= 3+/'CKK:@H-5RS U
MR3)-^9'O@DB:RFO/+%9(01;+)J*V3_STKGI/
M/>%3KVR>^BD5JZ3>^/V0@MH%*]
MRD\=#H2LV#W;L8B@F3W@#DLB@BXI"!8',AVB&++IB(])64>DZ6*J;O$6,K+/
M83X$1O]_)^"D@$H!'HK?OPY=/P;7A=4X&Q_'KCSZXL"L%"]&J:X.^8E:EQ)O
M-#$U$\AFT1NX8V:/58D"ML4>UF3$#J7":E L1=!DK H:LBQ#Z3E8MHU'GH,.
M#DM:0.RD908'%85(U>_WB7E;$!B (!D%I'8#L=V2S@!.%RJ0S^B(2?5DS+.G(!6(9"
MNNWUGH2MAZO >'+# =PYF/3C/]PP!"GR;O3[X<0=3C_"73=1-*EV:=@:T34#
M]*-J,5"0A4%?2$CHJ:JJ*0XRU9[Y.$W1T=+%7_>B:VUUK'(3JUI8)>$YC465
M-XXGJ6."&://6/P9.I1=N:5*WSQ246>3 >2D0-)-MXY%\BZ[FRTW/P[VJTY7
MF?S063W"E+>]E8H4P5/0F(#);F(YX!56X
M,PR&0\ZDB>:NX0)C"?"$I/M"E(A"%MS\ 6R+!)BPADPEL?:XFI*J]YD>_)KB
M@:46W5'@M FMF+*<\P^R1"6RGJ)L;>2[9 *H'%;@$N[H4^^-"9H:SJ(&B_'5PRG(*2&VIOO%2]#Z?.S93>4PYU'"2)2TY
M_I82B(M1I[9G:NTN\%BK)N)4+&5EX*LT\?+MX$$]>W74STP4Z6JZ _'2J//I
MID6!^E^3MIHNWSIZDBRUD>@I\S@U],W+KM'Y.:QWBY[.RBA$
M7JX,3W90PN\W,<-3XAO6>CISX3!*\QO9=RRO.(J\9Z^_9DVR>3)NK9NIZW;[
MO-3BK[ZVD+YH9IS/S#X(@ V[4=/U;5*?UC,PQ':!%4G/VNG,HF"SG)J>< )(
MOH;S]#O>'G,XC&Z?FQ768 %-3=PJN K3>\P5N6*N%VB/>82M$&+9/958@J(Y
MK-$9Z@F&AI @23;6'?C'1G;BF"A*=DK2D8G?S*$YLD*7U,UM^)E6&YS.J5/!
ME5'2&RH'TKEK8]:FSS0,Z6"ZE5O'-0OZ4R3:5CUB@P#=0;I<)^[+.O?5$ ()1+.L2"E+:1^R2E-I
M-38O909;VK$[/NU;0VULA58J<521B*SOC6K(MD!TB5F5LB6HBFQ)&G$L17&F
M40.<<50E-?;U,Q<1T/Q+$ R8)75/PS>O3Z/[8%CIKG=>RYEM?6ERBLK-1.2)
MK7T._)>9Z*VCM& '+8#J?.&U96+6:AT,AT%_?L0[%4@Z02!91IIJR<#*K*:#
M #-K"KI!- '9BD&(:>A&#R41#4U+S7D^;A7V2P?B:=\HO1.UCYT[71F6?;IH90R)EJ)$_2XSWE6?"_ %:A.V3\,QAYOA?Q[FAO
M-@_XQ"2F:8F)V2QE)I8?3FW)^P!UCCVRIC"Y4R(.
M1V#]J/WJL_@3^OW):,(SGS<-(\GUB1-WN\[@*E<_*VEWX*A4YXO0L:U\&H**
M'7YUP;2JH!!*!U4.(W5]/4;4#?LL
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M558ML#QJ\:S= 4F',:J?VBJ(Y:FSB';$*QS@-84C18""(0S3]+BBY^YRABN1!ZBFW!4PU+T"1;%XB-L6 Z
M8+;V;!WU#()[2#?F32!A!::WJ8Z/SWXS, T;TL%ZR-"ZN?'CH,)90&QWN[Q9
MF-D4&3O&96'4Q+50Q2RP@I%RVD,I?S'4*/D[U^9>HF8CQVK@9F!4$H1$:;PYS)5;?
M+!257N:G5W@GD;.2"'(55Q<%D*>1SUIY_Q4C7PW2RC2@WL9;'BOT[-5IC##C
MV/%%6G,5HLZ*39*L4Y5E,WNIIXI6_'&YH#^>ZY31;-]<4E/*L;3/H@8%QWO3.^T9G':%
M6-=P2U$$!2$#=*8BP6)6"?O',2VYIU@LRLC7+SST[Q_6QY$Z^[U20-7VHOXP
MB";@XL!8S6&!>GR;!BXKBHI,315L68&!JYHH&%+/$I!FRG"%3@C2DX'_^S#^
M:>"]_?M+_!,,EGT:=Z+X?4@_7?UFW/UR\T4P;Q\>;G_[V!''\4\=Y_;+@W!_
M\_]Z'SOZ_+-C_';S^9\?.\;=C?'YI\[TOH?;KQ\[2!O'5TL/?V)_?PEBVB&=
M?W='XY_^SW<@0_JI,^](MD"ID\#$;OO [^-_CL-W-NV1%\6=X+DS!I'/"E.Z_@ >,_3Z26T\^-AA/>/=
MY/0AO#5XHV%GS/,/HT[\/@:?>@B/>@:CMQ.S&A^=.( G1&POO?,.2RBZ[C!:
MG@-0+-]89]28GT*-)B,VBG_!2T#"PE!&X\#G0X#1O+ "X_ 4]GH?-,A&FCM/
M[I"=&H>1\AMMVJ>LA^D" ZQTX4&,:?G3[NDX3E^1_/ZCYW=&WG#(\O__]K'P
MM"/,OEB>8W&)&^>O33U_BDORCCQL9-[>V;T[P;K]_-GX>@]7]@%C=QS1JTZ?
M#H?1V&6G'C]=B'7WLTOOSY,D?C'S?V->?/YY@$&^NH-!M1?
M>,J53BW!FF?Z?Q*GMH''>HI_"CL?IJ^VW#!DW?_6OC9&K%30
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M9C.;0Y^A\?<&9=(4Y]7)Y+L7!POT\=W SX]U50I;[P8(9J\:MD";>H
MM5S7XE<;_.I 1.U0JV]<5-KJ@_*.S'5R*PN'C^0VX'D&X2/]@@*>N UXG@''
M:C4(>#;*091 !P^"R5/V5)6A]8N_L9[&YD4A6 LJ&HA;BV"+X*D1K 45]<-M
M5:-_X.?+EK^8'L!<:;6[ZZCHXN0KZ_KA^2_W[Z.G8'BL$Z2:8:F&W%,$">F2
M0)"E"UH/]P1-[!DB1L@RG=XC>DR.K5_];!A?/R?G7U=&LU:GN/]*!Q/6=RNS
MEL2-?Q^[,65_WSY/>P6ZPZ]!Y/$>5+.:3$<_+&N(%OB2K-91CQ#X1S0%O8SIG9H<([M8
M_+?G]#-K=C$$;MO'3QU"5+^[A3
M?+90SZ_Z$JR?P&AQWXD[WVE7+Q\YLG#^BOW$V*KKVC$?^;HFY>)O
MSX-P@I#"^SKT>Y\7!>?!I-#M-R<# G5%C'+=VOS]9*Q>RLXYZF*]<*I'OO'6
M5R%N7[(WS,:@4=P)P>YJWGJ54,EY [6A]%+RLDJ?T1PK53WV2MWPP+U,U[T"
M.JTEVH[YO"W1W'[>T'.?O*$7>[2XLX=;9Z\=\ZF76.O:'98JK*H78D(A^6(H
M[8I2R:GN3=*)Y^WJ78H'="ETECVA.Q($-V=/?5_-GF*?US+*%@<%-KM=;?;4
MYCEMLSMJG-W1SE<[7^U\E3=?%YN]TQ:?KG5N"4L:Z?!-N.N9HQGT_,K?EA<]0EI'#1B89%I)"H7PJE75DN.<^MO@KQO,/D
M^J74_KF8.'G9,]IF1#7.0FK'W%JB;494RZYG,.:FVHG-=^UT\5(.@%R,3:SK
M)7NP35*(9^WGM0=?SHS.:L^][)$.M5I,2CEN+:D-&ZW'RX;:D/ZT"O+T#O+#
M/KMA3$[-[I06>5=#^AS/39W#]U'V&U!E1EY73&W0F$:NI]IF^T6$'\SOA L(II_H#=$=(^FY\!KY86
MO]*PTY^$(?7C^5-]5HX-[K8"?T#]""Z%O_B6(=\6-=VAZ_=IY_Z5PN77NZ7W
M=,+4W5/=+IB&+!C
MN7CE:F7,.T );@"TV=6WS[=C"J8>0/PU#)Z]^',014X8C.[I"W_90[ ,T_$+
M8O:P(BH8"3HR'(&H6!<,VU0%2=9US2*:+4OHM 4Q#8SRLICPNW368%+.L]!R.^,7T-*.R/ _37J4)\Q
M^N;*6FQ-\/!6Z@*57T#:*IJUSP/?RL0+$8JV^I;5JM@=_1R/JAOU7[LF)15],++^RMQ#955M\F(=L@' =\%VT6A.IV?!HWCYM1
M5U0+;S^338;?$[68/BFF4_)"V+&VMCDRY2+Z9.+^EB
ME/06S!S;8NAVT.>;L5]IZ 6#GC^P9^ER1Q@ZP;IH68HB* @9
M K$52="Q2M@_CFD!398DPM!AU.PA L("5I)19PYK=?_W#\I$*!T8;S!Y+_3+
MA(7?;&\X@>_N7]V01K>3.(K!%X>)-09L*Y0[XT5IF_A>TYM>;;N3U#>"K!-8')C..GA2@R5CJ69(CR!C#TE5,53 4 BM!D33-
M(#T#.4KMNF3R)ID1WZD'FW$\B>?9 D\,,Q@>#V\EN'7H%-<.S'Z'S_Z6??Z_
M9&[D+^WT;]WG]VD\RT'P?'C4;-.?WY@P7I(=$TPB^*I-!FB3 =K-Y8.3 =KY
MJN-\7>RN=)L,T(S-[S89H$T&V+W!!*X-\[R#L#UA7(\QGT\$_,O<6ZB
M$-.ZDG(I46\@5L2G+WR"QO$:F[[RX,NG*VWS2EI+PPG7B-05M9*+
M#M97D&[G]=[S,^W'_$0AB["R\X01[4]"?IRP<5PNR5VD-ZY;T<%4:UVU[#;#
MY[:C?SY)1"U^;1+6!KMEMFF6V"^-D^9@L^BDB_#%"72P6334U<33MRYNE$P_
MIQRC%L$*Y'H;C3E.-(8GMV2D9E2N<8J61+YNGE][1J1*E::U+Y7.:*]L@'7\WP=;TA#RXWI2Q">),N77/W\V0W!GS#Z
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MT.KY_>&$[22 DSY-+?[+ORTR2SLAA6O[KRY/C>[7SSXE>X
M>^3&T]CQC/KA>V=((Y;?Z_H=$(*S#-T$Y&]K(0MXA+=22'=;T;#4^+ZY44>\
MQN(/'9>AN1,SN!B1'WBQR.<-Z,%CV-7ING:GRY<&%F,<$P$/1Y/1R 6E ,/O
MNQ&;@.]3FW=5C
MS$V*MV[?O_ZZXF#_""ZP^SXK[?RW)6<[<;5/4Q2J8'3R1TDOO)E;<26H@A0J
MIT^P.WI7220>08;N96:VXO348VZ2.,VMO%]"ZH(5U.KO&HZYOK;A/MIZ73M7
MSUP'YEP1O7%MZ0\EN?14Z2;)TNW,?K=LBS:?V7]$74DJW-JQ::5)<5=1"J=!
MM*5)B]JFI;YP?\9H\=L'O_I:)7+C8P@'"S2-%%;7U.9VU:!(\K
ML_?H#OU]-3&.?5Y+25ZLB A+JW3]COOR
M$M(7GA$<>G[?&X-"5&/XJR]?R/!'W1Y9R.$NTA4>PD4U'S'.>67YY
MM/C"_NEO26HM_[[#UD8:GF< VB$@#\2F
MK_C+ORT07,#6A8&./,'U_0E/&YZEH&YX#4O-W?J6;L=DN$>[email protected]@?(MS^
M'R[,+XUHYYWZ*S^G9I21M#XP> "=A$&*]/MO7L3\3]?O;WTHGR;.$WGR>S=F
M0?/$^ $L*GB4FR-1?%N:>'TRK67\==[YJFRR_A3/V3PD/@V_SE/"&+Q*D]$5]Z
M5[U R'D\8^8X@#,P=0CV Z"11&]QAXY+?:/6VRGF:?NJ-'A\9'5*GL+.A^DH
M?O3\Q0#G1TS/%HVD;J?W1C<",K_T9AK:68SXSHWI<7F[EABU'%-CCLDC#3?%
M@(IO2FX)*^V16/"0V^)0/0O;(O5:G(5M#\ZN/L"\KCBGNAUI.](:C/0@
M@7+$O(>\(F9[PK&3WA^I2J+L=4>@)]U\-"\!9\N1!
MB"J+=PE+UK>(DFQ=]I3?DY[RA:MZP+ZKW^%.YX>X$GI*& 6\5K&?V0
MR17H&HD_U!^G\^>$8\B(DTYSO2W/'6IAL8D:1P@L1I9ATU>(]9II%JWB-M4V\*U]*U7W;^6WGMQ[S6V&$9.2&+YXO
MP,\?>>G((Z#4;H,ZG'BLDGUZ7E]Q:ILX<:LRT,M&%GNRJ0!%LS%S8HJ
M%FZY<&ZSDLM.BW=Z^J^4X?OI2MX\G,4EBXH>Y PO/Z^(RN^^.PK"V/L7'70&
M7M2?5YQI%<7Q1-*/J*2> NU4[#\5J'#JW9E,19,W!G^E@Q?:UG>%V
MANLRPX5[\A;H5,OZ9Q9L53O[3OX)(6U1)0Q&"3=N;'$Z[53K1F"51?#6I'TI
M:SKZRO<(DI:C?^$M:RG\WNGS@%K_O4._CX-H$O)+O#AB+=@[GO]&D[T#WC5V
M=A,;PYB&O-%LTI4V];0X=/W([?,8W8L+-P$AM]9-\OO8#>-9/]7^9#09NJPG1C*,(1_HTD;(=8?##_<7[ZF:
M]!+NNR%O!PR/2G9;ID/(I&$-T80D-E5_1=E)%"6,P9H/A[R3\<:VLI.(CW% 0^\M@(*.RUSJEEZ
MC%_IK&O*HD,R.SX1S;L3)VV6/;\_G P8'NR[^:4)#R?7=#O33 %W!@>?_VG.
M )O+;L=CK.:.QT.OSX1-=WE/#B9MR%DD#CA'P.PE2VK6IIHQ_(O/,A'@(7_%
M*NJ,EOD$86W^!5NYLS'"''=\4?6;-T&%AMRB?U 
MO\?F,.C_^3/.&3A\F'S[=/5S08/G[M85&2
M!?@?DI$H_)<(@#S>/]B/.GIDX"",E4?QJN,-/EUY@T>9J)*$T:,L$47454

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email protected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email protected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email protected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email protected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email protected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email protected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email protected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email protected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email protected]$I M&S-'[T%BN:Y,A[M*Q@L^@ [email protected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email protected]':-O 4"3\7SNF^&S9?S=<*R0=^IQ#"?^D^!KZ([6\H&Q3>-0YY MZ+UP ?&@[Y#&V=W4?A1XKL/<>Q^3_V3U*M#-'H?,!-"3TVKAJ8RNX+Z[G)LH_I9_+W]Z&P9,;7P=1'2J8+U\=:*V\IW_V%KD M7%5JM 06?XN2=M$;VO*/Z9'MM'&40*\ '/2(2:OG+$V>T\A,B@!88R457^7\ M&*E])*5"^-DP4]>1P'BV7*V'8"?9#:H4(E4=?1DP MJ%)8--W\0NG#%OB>+">+<49)I4IX\"5LNJSQ:_#0[-A%)E6Q45?B_,S*FM_A M"!,_/5_ZSD?\@KV )<4(N FR%R4=U UZ1++' #6QK 6#$_T- M;8RNRD:N?6MOZ%)M.G-HA)',&XKAXP2; Y7.ICO=U9&,)&N^7%C3OTW32$KV M18A(E,K,YZ6#0J>)*I3;.(&UD4L/R@VU>(9"4$('K%$JD'4&4.\;A^Z&C*O8 MQ>N_^FXFPW#Z>%T!*Y"$F$#&)Z V1&?T(W]&JLM7B MVPKCZ\C M>D5#]MN=&].@(_^D$H@H6G71]4N7?E.*]]S8W:8+R9O-(63K74ZR[$7?V[., MN[?H2Y U_VQ'I 'LTX:#K>_^DS1BL]4A^ORC[=$K[E'TC'&,Z/KI6^V]OH(/ MDM$4$44M2ZZ$+TF#Z>45&&95#4ON@=^+#=/5S0O17^[@^7Y01$2Q[7KW>WN# MK['-F1R+GM1/0DUJR ;&I0RKCYC,&EQ>#26)%[6.S-NTD=[T6:_6 M5@DS1"C*I*(WY73'5/"/4.-SM19;%8MQ*A5V?"X;FM5!NI1?(+!&+X*)A#/= M\A,:T5-J5GYFM\Q6C-G;P+/5WA:D8?^"_0/HYDI#;)2CNFX?6/BFKN+7UJL_ MI3N,BZ:E^6^U6.=G(-G+@+7R3K*!!3-Y*[EJ"SR!.'@>]NH@_!=>SP9R_B%W1/8H3:R Z1+6N\6"5SF50>*@E$'P)$1 +- M:10:.($T4#S%46BE);82;,8C!;1\XM/N$)!.;?.,G0.[LD^B@D(015('RTZ5 MJK/3/$U5Z0YJ,9NFM=BS%CL<'TL3HDU)>=;J,X;^#\^L>I+KRWKL\97]/O"! MLQ@4X:LR<%#@?6BJ^<':1$6CB+5*(XN"*[I#3 >T_3["L \P[V%^+JE.EPW&3 \TJZ8-!!6I*=MX W1A=T& M5' ;T!?'I'"2+P 80#[T.8B7=*FI")<<-;2\;QBRN]V_N5AGNY\=(MF07E^E M"[J"V:B>7"[ NV+8E![Z@QW13&WZ'UKZ^X4H2<]==EMCD!("@F09S3IT3,O% M,9RI;):VSWXHM6+@:H%Z=R2+ YD+JKB^K^+Z3VF)578".LHNO4._^B&V/9:] M]K/M^E'#[^D&S[8;H+[9WP+2"34#S[VC2&_\CD/E!1;O!;A?X+#_U#N])+#_;45IY M@D#9(7+<:.,%T2%DY.+Z!$B[)"TTQ,FB M6QRPX[_D-Q'+8PX++>CZ'$W^#/;81SL6WIJS/H?T4Y5Z;YY0TD2:SEUJ!"7$ M^QL8\P[NBC1K()/%LGXS;SS;Q!8:"36$'5&K!P,&2&A\D6=!!YY>?E=FZ>/KN^[=,2 M&K2I3O@(1YNO=:M%Q&_X@-_/;=3R3!SJV80X%=5>]0-&X\/AX. M<=#J^D55./I8K@C*-!F547HF=#FL;RU^YX+L.%U2*IQF,*?U!6D'1NOU*6#Y M+#M-0>B637#?VY&[H25&7.\0MZPOG2H-A)\ZJ2B-E<5TW# MRX\7D<:2]8,1 M8NTEY6B2%@WDF0%]E*QK![O](QZ[Y-AQ9A!++[0T$TAW'P,3Q6[O!:\8 MW^/PQ=W@3&?LT(^)_2BYN\QCNK 2I'?YZ?GD4ANZ-R&Y>:VR+1B246> _+;1 M?-R0AYMI@E)5$C1=/-I)P=Q"FQ$J]*$O%AJE5W^QS25C]M'!/'RTYZ[3PP", MIQ[V'#Y4_$&_"[:4'W@I;N^<6;-[-OYJKH\YC1KG03J\OH"?N/?]D7M%A6[/ ME@\EQX@#?!]87N2G67?-C9*7!,)ETNI)@V:Z7,R/64J8RF\BYPSDF'Q>R0Y& ML67\9&V*K>#CN#C\<'3>X7U2TJ8((JVSH@D!G30=T,4O5#33!;=W0U+&%\"MK6*G:;"G9>;V'UQ MX]>.M-%')@AY]%!4?F ^GC4_GBC M1 ZS(FN/F K 6ME<944F'RT_=S=9,8<].NUK MK%;3K$)W2V -N/73@S1Z&"E#&!#[6^HME>$)N'VF+@B4H =3=GUNP\ Y;.*_ MVF%H^_%KIF'7J8BD&)#9AYQNTD-H:SFVCE&9-H*R5O*P-7&&,81'2J6AHK0V M5'@@DXNT$3<]M'F7GEQCR_QF3#6Z0:!Y=M'!H^!XW^,P?KTEWS2^]!UZ()3= MRB67YM+R.A2^!3K)%R!:+=*%A$S@"#&1+&YSH:9DDZBTVCK):A#$2@0Q%ZEM M?H-%:'HWUAW>!V',+KK-S_V^?TW_* =6>4D@N)563S[;:3QIJ,J0W0:7-X1* M+8UH[;#\OC@SH#V08X[&UTHG(EIWN MB8C:^3.W]BO]W26]M4YR+'[email protected]>;S,&\<=G.1+5%: T4OIP50)Q+0P M9D"BTX_'PY1!_0C 4FJ@RN$M!9\*FLD(X]+2&+2RA"PY';T"Q#=U/>3GX8M% MPUI_4JZLJ))B#!^<9F<#Q*7MA, K+R!Y$&STCN(MP%KYH]LPV(;V3F(C4/0B MW':@0"O9W>;Q>FG5TPENGHY*@J%4-O3>H#*+CVJA@5@LNU&HS&Q+A=F:=PTE M0-NP=]CF,I#^.ID"?0QVMEN'=O,S.GOD\,@[W']T7ZD@WQ2Z&)I50*_M!3V M6R8-%@,G&F?U,4XS,K@AUP"29G>8@)>/>P*.U@1E> 5EXTIKO)/V,Z<-D_NQOTT8YMDS G"%L1_'C^,@&))>]?M]VP M(_,J(!:;])'/3BKJ18LV>DRX0T>YV9Q^KXO94(@4A:\(DERGF8!)>MC=W[@> MU9,H]CD(\YTT,JM[Y\[email protected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email protected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email protected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email protected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email protected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email protected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email protected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end

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email protected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email protected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email protected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email protected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email protected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email protected]>MXB5JEW^ 829= M2>U>LE23 +L,^* MPR?3B^OK*(TO8KI+1-&E_TCB,/!S-PQKP%16PU'>2?+$UP2FD#I)*4=#(<=" MYX^#Z3],@F?$'K>BU$P)\N1=)H538'&HVL/X83LQ9LZ_%J(9%F$@_#S%8L&0O@A?, M^F6BA4%V$R*#>6>3!6@"@'VV,NC 4[.\2QFU4LO'"+TN*%[ M])M&E4COF7*K:BXI5N:X*$9J0V6Z.U!M#(56ZSU=T$$FW>A8YRNBB+5#7X M3"7%%O1RJW:WN:N(1/ .#FAD%GBH%1QBAT:'[;@9$ MLL!%[LVXCA2(<+YF/\81TP=@VK]L(+S%Z2?*8YFX8+SM$B?!/,I!)W_-4!C, MUE0IOD#)XBJ,O_V*_;G$(V5D::"6.#7 OT0$H[PCW75$=8YV=?_.@6YI4O:1@.)N+!61HBY>AMT M; D1CX'TYNJ^TIS:8WB)J)!4. >@75@K776O^9&&9C1@+^\1B5EQ2!>\M"8( MTTUFNN!L-4&EH7E4+;A<>X2P-VNF;T(T\1R@G!J=#F;:5OL _.IMT594;,#] MZ I?@]!>Y4A2,-DAW\%'#9V[T1A(5%_46_5,K\\W<2UQ1;6>H8G;5 MCY9S!VS"5]0YP0BZ;3(%(>)\YSBBZZ=W(67%[email protected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email protected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email protected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



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings