XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Financial Instruments (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2018
Investments, All Other Investments [Abstract] |
Cash and Available-for-Sale Securities by Significant Investment Category | The following tables show the Company’s cash and available-for-sale securities by significant investment category as of June 30, 2018 and September 30, 2017 (in millions):
| June 30, 2018
| Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Short-Term Marketable Securities |  | Long-Term Marketable Securities
Cash | $ | 9,973 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,973 |  |  | $ | 9,973 |  |  | $ | — |  |  | $ | — |
Level 1 (1): |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | 7,722 |  |  | — |  |  | — |  |  | 7,722 |  |  | 7,722 |  |  | — |  |  | — |
Mutual funds | 799 |  |  | — |  |  | (112 | ) |  | 687 |  |  | — |  |  | 687 |  |  | — |
Subtotal | 8,521 |  |  | — |  |  | (112 | ) |  | 8,409 |  |  | 7,722 |  |  | 687 |  |  | — |
Level 2 (2): |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities | 47,056 |  |  | 1 |  |  | (1,055 | ) |  | 46,002 |  |  | 350 |  |  | 7,262 |  |  | 38,390 |
U.S. agency securities | 6,994 |  |  | — |  |  | (44 | ) |  | 6,950 |  |  | 4,477 |  |  | 483 |  |  | 1,990 |
Non-U.S. government securities | 11,774 |  |  | 40 |  |  | (282 | ) |  | 11,532 |  |  | — |  |  | 1,124 |  |  | 10,408 |
Certificates of deposit and time deposits | 5,662 |  |  | — |  |  | — |  |  | 5,662 |  |  | 3,649 |  |  | 1,412 |  |  | 601 |
Commercial paper | 7,064 |  |  | — |  |  | — |  |  | 7,064 |  |  | 5,653 |  |  | 1,411 |  |  | — |
Corporate securities | 130,945 |  |  | 129 |  |  | (2,246 | ) |  | 128,828 |  |  | 147 |  |  | 25,874 |  |  | 102,807 |
Municipal securities | 956 |  |  | — |  |  | (8 | ) |  | 948 |  |  | — |  |  | 172 |  |  | 776 |
Mortgage- and asset-backed securities | 18,919 |  |  | 9 |  |  | (553 | ) |  | 18,375 |  |  | — |  |  | 574 |  |  | 17,801 |
Subtotal | 229,370 |  |  | 179 |  |  | (4,188 | ) |  | 225,361 |  |  | 14,276 |  |  | 38,312 |  |  | 172,773 |
Total (3) | $ | 247,864 |  |  | $ | 179 |  |  | $ | (4,300 | ) |  | $ | 243,743 |  |  | $ | 31,971 |  |  | $ | 38,999 |  |  | $ | 172,773 |
| September 30, 2017
| Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Short-Term Marketable Securities |  | Long-Term Marketable Securities
Cash | $ | 7,982 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,982 |  |  | $ | 7,982 |  |  | $ | — |  |  | $ | — |
Level 1 (1): |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | 6,534 |  |  | — |  |  | — |  |  | 6,534 |  |  | 6,534 |  |  | — |  |  | — |
Mutual funds | 799 |  |  | — |  |  | (88 | ) |  | 711 |  |  | — |  |  | 711 |  |  | — |
Subtotal | 7,333 |  |  | — |  |  | (88 | ) |  | 7,245 |  |  | 6,534 |  |  | 711 |  |  | — |
Level 2 (2): |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities | 55,254 |  |  | 58 |  |  | (230 | ) |  | 55,082 |  |  | 865 |  |  | 17,228 |  |  | 36,989 |
U.S. agency securities | 5,162 |  |  | 2 |  |  | (9 | ) |  | 5,155 |  |  | 1,439 |  |  | 2,057 |  |  | 1,659 |
Non-U.S. government securities | 7,827 |  |  | 210 |  |  | (37 | ) |  | 8,000 |  |  | 9 |  |  | 123 |  |  | 7,868 |
Certificates of deposit and time deposits | 5,832 |  |  | — |  |  | — |  |  | 5,832 |  |  | 1,142 |  |  | 3,918 |  |  | 772 |
Commercial paper | 3,640 |  |  | — |  |  | — |  |  | 3,640 |  |  | 2,146 |  |  | 1,494 |  |  | — |
Corporate securities | 152,724 |  |  | 969 |  |  | (242 | ) |  | 153,451 |  |  | 172 |  |  | 27,591 |  |  | 125,688 |
Municipal securities | 961 |  |  | 4 |  |  | (1 | ) |  | 964 |  |  | — |  |  | 114 |  |  | 850 |
Mortgage- and asset-backed securities | 21,684 |  |  | 35 |  |  | (175 | ) |  | 21,544 |  |  | — |  |  | 656 |  |  | 20,888 |
Subtotal | 253,084 |  |  | 1,278 |  |  | (694 | ) |  | 253,668 |  |  | 5,773 |  |  | 53,181 |  |  | 194,714 |
Total | $ | 268,399 |  |  | $ | 1,278 |  |  | $ | (782 | ) |  | $ | 268,895 |  |  | $ | 20,289 |  |  | $ | 53,892 |  |  | $ | 194,714 |
(1) | Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities.
(2) | Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
(3) | As of June 30, 2018, total cash, cash equivalents and marketable securities included $8.8 billion, related to the State Aid Decision (see Note 4, “Income Taxes”) and other agreements, which was restricted from general use.
Marketable Securities in a Continuous Unrealized Loss Position | The following tables show information about the Company’s marketable securities that had been in a continuous unrealized loss position for less than 12 months and for 12 months or greater as of June 30, 2018 and September 30, 2017 (in millions):
| June 30, 2018
| Continuous Unrealized Losses
| Less than 12 Months |  | 12 Months or Greater |  | Total
Fair value of marketable securities | $ | 150,468 |  |  | $ | 36,960 |  |  | $ | 187,428 |
Unrealized losses | $ | (3,134 | ) |  | $ | (1,166 | ) |  | $ | (4,300 | )
| September 30, 2017
| Continuous Unrealized Losses
| Less than 12 Months |  | 12 Months or Greater |  | Total
Fair value of marketable securities | $ | 101,986 |  |  | $ | 8,290 |  |  | $ | 110,276 |
Unrealized losses | $ | (596 | ) |  | $ | (186 | ) |  | $ | (782 | )
Derivative Instruments at Gross Fair Value | The following tables show the Company’s derivative instruments at gross fair value as of June 30, 2018 and September 30, 2017 (in millions):
| June 30, 2018
| 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 | $ | 850 |  |  | $ | 385 |  |  | $ | 1,235 |
Interest rate contracts | $ | — |  |  | $ | — |  |  | $ | — |
Derivative liabilities (2): |  |  |  |  |
Foreign exchange contracts | $ | 357 |  |  | $ | 221 |  |  | $ | 578 |
Interest rate contracts | $ | 1,271 |  |  | $ | — |  |  | $ | 1,271 |
| September 30, 2017
| 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 | $ | 1,049 |  |  | $ | 363 |  |  | $ | 1,412 |
Interest rate contracts | $ | 218 |  |  | $ | — |  |  | $ | 218 |
Derivative liabilities (2): |  |  |  |  |
Foreign exchange contracts | $ | 759 |  |  | $ | 501 |  |  | $ | 1,260 |
Interest rate contracts | $ | 303 |  |  | $ | — |  |  | $ | 303 |
(1) | The fair value of derivative assets is measured using Level 2 fair value inputs and is recorded as other current assets and other non-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 and other non-current liabilities 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 in OCI and the Condensed Consolidated Statements of Operations for the three- and nine-month periods ended June 30, 2018 and July 1, 2017 (in millions):
| Three Months Ended |  | Nine Months Ended
| June 30, 2018 |  | July 1, 2017 |  | June 30, 2018 |  | July 1, 2017
Gains/(Losses) recognized in OCI – effective portion: |  |  |  |  |  |  |
Cash flow hedges: |  |  |  |  |  |  |
Foreign exchange contracts | $ | 40 |  |  | $ | (143 | ) |  | $ | 230 |  |  | $ | 1,267 |
Interest rate contracts | — |  |  | (2 | ) |  | 1 |  |  | 7 |
Total | $ | 40 |  |  | $ | (145 | ) |  | $ | 231 |  |  | $ | 1,274 |
Net investment hedges: |  |  |  |  |  |  |
Foreign currency debt | $ | 13 |  |  | $ | 16 |  |  | $ | (18 | ) |  | $ | 53 |
Gains/(Losses) reclassified from AOCI into net income – effective portion: |  |  |  |  |  |  |
Cash flow hedges: |  |  |  |  |  |  |
Foreign exchange contracts | $ | (1,231 | ) |  | $ | 585 |  |  | $ | (1,068 | ) |  | $ | 1,418 |
Interest rate contracts | — |  |  | — |  |  | 3 |  |  | (3 | )
Total | $ | (1,231 | ) |  | $ | 585 |  |  | $ | (1,065 | ) |  | $ | 1,415 |
Gains/(Losses) on derivative instruments: |  |  |  |  |  |  |
Fair value hedges: |  |  |  |  |  |  |
Foreign exchange contracts | $ | 31 |  |  | $ | — |  |  | $ | 31 |  |  | $ | — |
Interest rate contracts | (230 | ) |  | 185 |  |  | (1,178 | ) |  | (737 | )
Total | $ | (199 | ) |  | $ | 185 |  |  | $ | (1,147 | ) |  | $ | (737 | )
Gains/(Losses) related to hedged items: |  |  |  |  |  |  |
Fair value hedges: |  |  |  |  |  |  |
Marketable securities | $ | (31 | ) |  | $ | — |  |  | $ | (31 | ) |  | $ | — |
Fixed-rate debt | 230 |  |  | (185 | ) |  | 1,178 |  |  | 737 |
Total | $ | 199 |  |  | $ | (185 | ) |  | $ | 1,147 |  |  | $ | 737 |
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 June 30, 2018 and September 30, 2017 (in millions):
| June 30, 2018 |  | September 30, 2017
| Notional Amount |  | Credit Risk Amount |  | Notional Amount |  | Credit Risk Amount
Instruments designated as accounting hedges: |  |  |  |  |  |  |
Foreign exchange contracts | $ | 36,807 |  |  | $ | 850 |  |  | $ | 56,156 |  |  | $ | 1,049 |
Interest rate contracts | $ | 33,250 |  |  | $ | — |  |  | $ | 33,000 |  |  | $ | 218 |
Instruments not designated as accounting hedges: |  |  |  |  |  |  |
Foreign exchange contracts | $ | 50,936 |  |  | $ | 385 |  |  | $ | 69,774 |  |  | $ | 363 |

X
- Definition Cash, Cash Equivalents and Available-for-Sale Securities [Table Text Block] + References No definition available. + Details
Name: | aapl_CashCashEquivalentsandAvailableforSaleSecuritiesTableTextBlock
Namespace Prefix: | aapl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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
- References No definition available. + Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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=84234895&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=84234895&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=84234895&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: 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=82897076&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration