XML 33 R20.htm IDEA: XBRL DOCUMENT v3.4.0.3

Financial Instruments (Tables)

6 Months Ended

Mar. 26, 2016

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 March 26, 2016 and September 26, 2015 (in millions):

		March 26, 2016
		Adjusted Cost				Unrealized Gains				Unrealized Losses				Fair Value				Cash and Cash Equivalents				Short-Term Marketable Securities				Long-Term Marketable Securities
Cash		$	10,199			$	0			$	0			$	10,199			$	10,199			$	0			$	0
Level 1 (1):
Money market funds			2,798				0				0				2,798				2,798				0				0
Mutual funds			1,772				0				(203	)			1,569				0				1,569				0
Subtotal			4,570				0				(203	)			4,367				2,798				1,569				0
Level 2 (2):
U.S. Treasury securities			47,883				207				(24	)			48,066				3,753				10,614				33,699
U.S. agency securities			6,641				12				(2	)			6,651				465				2,703				3,483
Non-U.S. government securities			6,873				91				(121	)			6,843				0				696				6,147
Certificates of deposit and time deposits			4,169				0				0				4,169				1,529				660				1,980
Commercial paper			4,500				0				0				4,500				2,681				1,819				0
Corporate securities			129,394				543				(1,074	)			128,863				89				15,553				113,221
Municipal securities			952				6				0				958				0				72				886
Mortgage- and asset-backed securities			18,268				86				(42	)			18,312				0				83				18,229
Subtotal			218,680				945				(1,263	)			218,362				8,517				32,200				177,645
Total		$	233,449			$	945			$	(1,466	)		$	232,928			$	21,514			$	33,769			$	177,645

		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 March 26, 2016 and September 26, 2015 (in millions):

		March 26, 2016
		Adjusted Cost				Unrealized Gains				Unrealized Losses				Fair Value				Cash and Cash Equivalents				Short-Term Marketable Securities				Long-Term Marketable Securities
Cash		$	10,199			$	0			$	0			$	10,199			$	10,199			$	0			$	0
Level 1 (1):
Money market funds			2,798				0				0				2,798				2,798				0				0
Mutual funds			1,772				0				(203	)			1,569				0				1,569				0
Subtotal			4,570				0				(203	)			4,367				2,798				1,569				0
Level 2 (2):
U.S. Treasury securities			47,883				207				(24	)			48,066				3,753				10,614				33,699
U.S. agency securities			6,641				12				(2	)			6,651				465				2,703				3,483
Non-U.S. government securities			6,873				91				(121	)			6,843				0				696				6,147
Certificates of deposit and time deposits			4,169				0				0				4,169				1,529				660				1,980
Commercial paper			4,500				0				0				4,500				2,681				1,819				0
Corporate securities			129,394				543				(1,074	)			128,863				89				15,553				113,221
Municipal securities			952				6				0				958				0				72				886
Mortgage- and asset-backed securities			18,268				86				(42	)			18,312				0				83				18,229
Subtotal			218,680				945				(1,263	)			218,362				8,517				32,200				177,645
Total		$	233,449			$	945			$	(1,466	)		$	232,928			$	21,514			$	33,769			$	177,645

		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 March 26, 2016 and September 26, 2015 (in millions):

		March 26, 2016
		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		$	564			$	69			$	633
Interest rate contracts		$	557			$	0			$	557
Derivative liabilities (2):
Foreign exchange contracts		$	1,033			$	243			$	1,276
Interest rate contracts		$	36			$	0			$	36

		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- and six-month periods ended March 26, 2016 and March 28, 2015 (in millions):

		Three Months Ended								Six Months Ended
		March 26, 2016				March 28, 2015				March 26, 2016				March 28, 2015
Gains/(Losses) recognized in OCI – effective portion:
Cash flow hedges:
Foreign exchange contracts		$	(138	)		$	1,249			$	188			$	3,750
Interest rate contracts			(50	)			(87	)			(42	)			(91	)
Total		$	(188	)		$	1,162			$	146			$	3,659
Net investment hedges:
Foreign exchange contracts		$	0			$	(6	)		$	0			$	112
Foreign currency debt			(87	)			0				(77	)			0
Total		$	(87	)		$	(6	)		$	(77	)		$	112
Gains/(Losses) reclassified from AOCI into net income – effective portion:
Cash flow hedges:
Foreign exchange contracts		$	668			$	818			$	1,183			$	1,485
Interest rate contracts			(3	)			(5	)			(7	)			(9	)
Total		$	665			$	813			$	1,176			$	1,476
Gains/(Losses) on derivative instruments:
Fair value hedges:
Interest rate contracts		$	250			$	122			$	139			$	239
Gains/(Losses) related to hedged items:
Fair value hedges:
Interest rate contracts		$	(250	)		$	(122	)		$	(139	)		$	(239	)

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 March 26, 2016 and September 26, 2015 (in millions):

		March 26, 2016								September 26, 2015
		Notional Amount				Credit Risk Amount				Notional Amount				Credit Risk Amount
Instruments designated as accounting hedges:
Foreign exchange contracts		$	41,996			$	564			$	70,054			$	1,385
Interest rate contracts		$	23,750			$	557			$	18,750			$	394
Instruments not designated as accounting hedges:
Foreign exchange contracts		$	30,573			$	69			$	49,190			$	109

X

- Definition

Tabular disclosure of the notional amounts of outstanding derivative instruments and credit risk amounts associated with outstanding or unsettled derivative instruments.

+ References

No definition available.

+ Details

Name:	aapl_NotionalAndCreditRiskAmountsOfOutstandingDerivativePositionsDisclosureTextBlock
Namespace Prefix:	aapl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27337-111563

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27198-111563

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563

+ Details

Name:	us-gaap_AvailableForSaleSecuritiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of cash and cash equivalents.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration