Professional Documents
Culture Documents
10-K
true
--09-25
Sep. 25,
false 2021
001-36743
Apple Inc.
CA
94-2404110
One Apple Park Way
Cupertino
CA
95014
408
996-1010
Yes
No
Yes
Yes
Large Accelerated Filer
false
false
true
false
$ 2,021,360
16,406,397
false
2021
FY
0000320193
501 88 (408)
32 79
(661)
1,003 (1,264)
23
1,035 (1,185)
(638)
$ 34,940 $ 38,016
27,699 52,927
26,278 16,120
6,580 4,061
25,228 21,325
14,111 11,264
134,836 143,713
127,877 100,887
39,440 36,766
48,849 42,522
216,166 180,175
351,002 323,888
54,763 42,296
47,493 42,684
7,612 6,643
6,000 4,996
9,613 8,773
125,481 105,392
109,106 98,667
53,325 54,490
162,431 153,157
287,912 258,549
57,365 50,779
5,562 14,966
163 (406)
63,090 65,339
$ 351,002 $ 323,888
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares Sep. 25, 2021 Sep. 26, 2020
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share) $ 0.00001 $ 0.00001
Common stock, shares authorized (in shares) ### ###
Common stock, shares issued (in shares) ### ###
Common stock, shares outstanding (in shares) ### ###
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Millions
Beginning balances at Sep. 29, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued
Common stock withheld related to net share settlement of equity awards
Share-based compensation
Net income
Dividends and dividend equivalents declared
Common stock repurchased
Other comprehensive income/(loss)
Ending balances at Sep. 28, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends and dividend equivalents declared per share or RSU (in dollars per share or RSU)
Common stock issued
Common stock withheld related to net share settlement of equity awards
Share-based compensation
Net income
Dividends and dividend equivalents declared
Common stock repurchased
Other comprehensive income/(loss)
Ending balances at Sep. 26, 2020
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends and dividend equivalents declared per share or RSU (in dollars per share or RSU)
Common stock issued
Common stock withheld related to net share settlement of equity awards
Share-based compensation
Net income
Dividends and dividend equivalents declared
Common stock repurchased
Other comprehensive income/(loss)
Ending balances at Sep. 25, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends and dividend equivalents declared per share or RSU (in dollars per share or RSU)
Total Common stock and additional paid-in capital Retained earnings
$ 107,147 $ 40,201 $ 70,400
781
(2,002) (1,029)
6,194
55,256 55,256
(14,129)
(67,101)
2,781
$ 90,488 45,174 45,898
$ 0.75
880
(2,250) (1,604)
6,975
$ 57,411 57,411
(14,087)
(72,516)
42
$ 65,339 50,779 14,966
$ 0.795
1,105
(2,627) (4,151)
8,108
$ 94,680 94,680
(14,431)
(85,500) (85,502)
569
$ 63,090 $ 57,365 $ 5,562
$ 0.85
Retained earningsCumulative effects of changes in accounting principles
$ 2,501
(136)
$0
Accumulated other comprehensive income/(loss)
$ (3,454)
2,781
(584)
42
(406)
569
$ 163
Accumulated other comprehensive income/(loss)Cumulative effects of changes in accounting
principles
$ 89
136
$0
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions
Statement of Cash Flows [Abstract]
Cash, cash equivalents and restricted cash, beginning balances
Operating activities:
Net income
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization
Share-based compensation expense
Deferred income tax benefit
Other
Changes in operating assets and liabilities:
Accounts receivable, net
Inventories
Vendor non-trade receivables
Other current and non-current assets
Accounts payable
Deferred revenue
Other current and non-current liabilities
Cash generated by operating activities
Investing activities:
Purchases of marketable securities
Proceeds from maturities of marketable securities
Proceeds from sales of marketable securities
Payments for acquisition of property, plant and equipment
Payments made in connection with business acquisitions, net
Purchases of non-marketable securities
Proceeds from non-marketable securities
Other
Cash generated by/(used in) investing activities
Financing activities:
Proceeds from issuance of common stock
Payments for taxes related to net share settlement of equity awards
Payments for dividends and dividend equivalents
Repurchases of common stock
Proceeds from issuance of term debt, net
Repayments of term debt
Proceeds from/(Repayments of) commercial paper, net
Other
Cash used in financing activities
Increase/(Decrease) in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash, ending balances
Supplemental cash flow disclosure:
Cash paid for income taxes, net
Cash paid for interest
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
Revenue Recognition Net sales consist of revenue from the sale of iPhone, Mac, iPad, Services
and other products. The Company recognizes revenue at the amount to which it expects to be
Financial Instruments
Investments, All Other Investments [Abstract]
Financial Instruments
12 Months Ended
Sep. 25, 2021
Financial Instruments Cash, Cash Equivalents and Marketable Securities The following tables
show the Company’s cash, cash equivalents and marketable securities by significant
Consolidated Financial Statement Details
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidated Financial Statement Details
12 Months Ended
Sep. 25, 2021
Consolidated Financial Statement Details The following tables show the Company’s
consolidated financial statement details as of September 25, 2021 and September 26, 2020 (in
Income Taxes
Income Tax Disclosure [Abstract]
Income Taxes
12 Months Ended
Sep. 25, 2021
Income Taxes Provision for Income Taxes and Effective Tax Rate The provision for income
taxes for 2021, 2020 and 2019, consisted of the following (in millions): 2021 2020 2019
Leases
Leases [Abstract]
Leases
Leases
12 Months Ended
Sep. 25, 2021
Leases The Company has lease arrangements for certain equipment and facilities, including
retail,
Leasescorporate, manufacturing
The Company and data center
has lease arrangements forspace.
certainThese leases and
equipment typically haveincluding
facilities, original
retail, corporate, manufacturing and data center space. These leases typically have original
Debt
Debt Disclosure [Abstract]
Debt
12 Months Ended
Sep. 25, 2021
Debt Commercial Paper and Repurchase Agreements The Company issues unsecured short-
term promissory notes (“Commercial Paper”) pursuant to a commercial paper program. The
Shareholders' Equity
Equity [Abstract]
Shareholders' Equity
12 Months Ended
Sep. 25, 2021
Shareholders’ Equity Share Repurchase Program As of September 25, 2021, the Company was
authorized to purchase up to $315 billion of the Company’s common stock under a share
Benefit Plans
Share-based Payment Arrangement [Abstract]
Benefit Plans
12 Months Ended
Sep. 25, 2021
Benefit Plans 2014 Employee Stock Plan The 2014 Employee Stock Plan (the “2014 Plan”) is a
shareholder-approved plan that provides for broad-based equity grants to employees,
Commitments and Contingencies
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
12 Months Ended
Sep. 25, 2021
Commitments and Contingencies Accrued Warranty and Guarantees The following table
shows changes in the Company’s accrued warranties and related costs for 2021, 2020 and
Segment Information and Geographic Data
Segment Reporting [Abstract]
Segment Information and Geographic Data
12 Months Ended
Sep. 25, 2021
Segment Information and Geographic Data The Company reports segment information based
on the “management” approach. The management approach designates the internal reporting
Summary of Significant Accounting Policies (Policies)
Accounting Policies [Abstract]
Basis of Presentation and Preparation
Fiscal Period
Recently Adopted Accounting Pronouncements
Advertising Costs
Share-Based Compensation
Earnings Per Share
Cash Equivalents
Marketable Securities
Inventories
Property, Plant and Equipment
Restricted Cash and Restricted Marketable Securities
Derivative Instruments and Hedging
Fair Value Measurements
Revenue Recognition
Income Taxes
Leases
Segment Reporting
12 Months Ended
Sep. 25, 2021
Basis of Presentation and Preparation The consolidated financial statements include the
accounts of Apple
The Company’s Inc.year
fiscal and is
itsthe
wholly owned
52- or 53-weeksubsidiaries
period that (collectively
ends on the “Apple” or the of
last Saturday
September. An additional
Recently Adopted weekPronouncements
Accounting is included in the first fiscal
Financial quarter every
Instruments five or
– Credit six years
Losses to
At the
beginning of the first quarter of 2021, the Company adopted the Financial
Advertising Costs Advertising costs are expensed as incurred and included in selling, general Accounting
and administrative
Share-Based expenses.The Company generally measures share-based compensation
Compensation
based on the closing
The Company appliesprice of the Company’s
the treasury common
stock method stock on the
to determine the date of grant,
dilutive effectand
of potentially
dilutive securities.
All highly liquid investments with maturities of three months or less at the date of purchase
are
Theclassified
Company’s as investments
cash equivalents.
in marketable debt securities have been classified and accounted
for as available-for-sale. The Companyusing
Inventories Inventories are measured classifies its marketable
the first-in, first-outdebt securities as either short-
method.
Property, Plant and EquipmentDepreciation on property, plant and equipment is recognized
on a straight-line
Restricted Cash andbasis over theMarketable
Restricted estimated useful livesThe
Securities of the assets, which
Company considersfor buildings
cash and is the
marketable securities to be restricted when withdrawal or general
Derivative Instruments and Hedging All derivative instruments are recorded in the use is legally restricted.
Consolidated Balance Sheets
Fair Value Measurements Theatfair
fairvalues
value.of
The
theaccounting
Company’streatment for derivative
money market funds and gains and
certain
marketable equity securities
Revenue Recognition Net sales areconsist
basedof onrevenue
quoted prices
from the in active
sale ofmarkets for identical
iPhone, Mac, assets.
iPad, Services
and
The other
Companyproducts. The Company
has elected to recordrecognizes revenue
certain deferred taxatassets
the amount to whichinitconnection
and liabilities expects to be
with the minimum tax on certain foreign earnings created by the
The Company’s lease arrangements may contain both lease and nonlease components. U.S. Tax Cuts and JobsThe
Act of
Company
The Company has elected
reportsto combine
segment and account
information for lease
based on the and nonlease components
“management” approach.asThe a single
management approach designates the internal reporting used by management for making
Summary of Significant Accounting Policies (Tables)
Accounting Policies [Abstract]
Computation of Basic and Diluted Earnings Per Share
12 Months Ended
Sep. 25, 2021
The following table shows the computation of basic and diluted earnings per share for 2021,
2020 and 2019 (net income in millions and shares in thousands): 2021 2020 2019
Revenue Recognition (Tables)
Revenue from Contract with Customer [Abstract]
Net Sales Disaggregated by Significant Products and Services
12 Months Ended
Sep. 25, 2021
Net sales disaggregated by significant products and services for 2021, 2020 and 2019 were as
follows (in millions): 2021 2020 2019 iPhone (1) $ 191,973 $ 137,781 $ 142,381 Mac (1)
Financial Instruments (Tables)
Investments, All Other Investments [Abstract]
Cash, Cash Equivalents and Marketable Securities by Significant Investment Category
Non-Current Marketable Debt Securities by Contractual Maturity
Notional Amounts of Outstanding Derivative Instruments
Carrying Amounts of Hedged Items in Fair Value Hedges
12 Months Ended
Sep. 25, 2021
The following tables show the Company’s cash, cash equivalents and marketable securities by
significant investment
The following category
table shows as value
the fair of September 25, 2021 and
of the Company’s September
non-current 26, 2020 debt
marketable (in
securities,
The notionalbyamounts
contractual maturity,
of the as of outstanding
Company’s September 25, 2021 (ininstruments
derivative millions): Due after
as of 1 year
September
25, 2021 and September 26, 2020 were as follows (in millions): 2021 2020 Derivative
The carrying amounts of the Company’s hedged items in fair value hedges as of September 25,
2021 and September 26, 2020 were as follows (in millions): 2021 2020 Hedged
Consolidated Financial Statement Details (Tables)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property, Plant and Equipment, Net
Other Non-Current Liabilities
Other Income/(Expense), Net
12 Months Ended
Sep. 25, 2021
Property, Plant and Equipment, Net 2021 2020 Land and buildings $ 20,041 $ 17,952
Machinery, equipment
Other Non-Current and internal-use
Liabilities 2021 2020software
Long-term78,659
taxes75,291 Leasehold
payable $ 24,689improvements
$ 28,170 Other
non-current liabilities 28,636 26,320 Total other non-current liabilities $ 53,325
Other Income/(Expense), Net The following table shows the detail of OI&E for 2021, $ 54,490
2020 and
2019 (in millions): 2021 2020 2019 Interest and dividend income $ 2,843 $ 3,763 $ 4,961
Income Taxes (Tables)
Income Tax Disclosure [Abstract]
Provision for Income Taxes
Reconciliation of Provision for Income Taxes
Significant Components of Deferred Tax Assets and Liabilities
Aggregate Changes in Gross Unrecognized Tax Benefits
12 Months Ended
Sep. 25, 2021
The provision for income taxes for 2021, 2020 and 2019, consisted of the following (in
millions): 2021 2020
A reconciliation of the2019 Federal:
provision Currenttaxes,
for income $ 8,257 $ 6,306
with $ 6,384computed
the amount Deferred (7,176) (3,619)
by applying the
statutory federal income tax rate (21% in 2021, 2020 and 2019) to income before
As of September 25, 2021 and September 26, 2020, the significant components of the provision
Company’s
The aggregatedeferred
changetaxinassets and liabilities
the balance of gross were (in millions):
unrecognized 2021 2020
tax benefits, Deferred
which tax
excludes
interest and penalties, for 2021, 2020 and 2019, is as follows (in millions): 2021 2020 2019
Leases (Tables)
Leases [Abstract]
ROU Assets and Lease Liabilities
Lease Liability Maturities
Lease Liability Maturities
12 Months Ended
Sep. 25, 2021
The following table shows ROU assets and lease liabilities, and the associated financial
statement linematurities
Lease liability items, as ofasSeptember 25, 2021
of September and September
25, 2021, 26,(in
are as follows 2020 (in millions):
millions): Lease-
Operating
Finance Total 2022
Lease liability $ 1,629
maturities as $of104 $ 1,733 2023
September 1,560
25, 2021, 123
are as 1,683
follows2024 1,499 99 1,598
(in millions): 2025
Operating
Finance Total 2022 $ 1,629 $ 104 $ 1,733 2023 1,560 123 1,683 2024 1,499 99 1,598 2025
Debt (Tables)
Debt Disclosure [Abstract]
Summary of Cash Flows Associated with Issuance and Maturities of Commercial Paper
Summary of Term Debt
Future Principal Payments for the Notes
12 Months Ended
Sep. 25, 2021
The following table provides a summary of cash flows associated with the issuance and
maturities of Commercial
The following Paper
table provides for 2021,of2020
a summary and 2019 (in
the Company’s millions):
term debt as 2021 2020 2019
of September 25, 2021
and September 26, 2020: Maturities (calendar year) 2021 2020 Amount (in millions)
The future principal payments for the Company’s Notes as of September 25, 2021, are as Effective
follows (in millions): 2022 $ 9,583 2023 11,391 2024 10,202 2025 10,914 2026 11,408
Shareholders' Equity (Tables)
Equity [Abstract]
Changes in Shares of Common Stock
12 Months Ended
Sep. 25, 2021
The following table shows the changes in shares of common stock for 2021, 2020 and 2019 (in
thousands): 2021 2020 2019 Common stock outstanding, beginning balances 16,976,763
Benefit Plans (Tables)
Share-based Payment Arrangement [Abstract]
Restricted Stock Unit Activity
Summary of Share-Based Compensation Expense and the Related Income Tax Benefit
12 Months Ended
Sep. 25, 2021
A summary of the Company’s RSU activity and related information for 2021, 2020 and 2019, is
as
Thefollows: Number
following of RSUsshare-based
table shows (in thousands) Weighted-Average
compensation expenseAggregate Fair Value
and the related (intax
income
benefit included in the Consolidated Statements of Operations for 2021, 2020 and 2019 (in
Commitments and Contingencies (Tables)
Commitments and Contingencies Disclosure [Abstract]
Changes in Accrued Warranties and Related Costs
Future Payments Under Unconditional Purchase Obligations
12 Months Ended
Sep. 25, 2021
The following table shows changes in the Company’s accrued warranties and related costs for
2021,
Future2020 and 2019
payments (innoncancelable
under millions): 2021 2020 2019 Beginning
unconditional purchase accrued warranty
obligations havingand related
a remaining
term in excess of one year as of September 25, 2021, are as follows (in millions): 2022 $ 4,551
Segment Information and Geographic Data (Tables)
Segment Reporting [Abstract]
Information by Reportable Segment
Reconciliation of Segment Operating Income to the Consolidated Statements of Operations
Net Sales and Long-lived Assets
12 Months Ended
Sep. 25, 2021
The following table shows information by reportable segment for 2021, 2020 and 2019 (in
millions): 2021 2020
A reconciliation of the2019 Americas:
Company’s Net sales
segment $ 153,306
operating $ 124,556
income $ 116,914 Operating
to the Consolidated Statements
of Operations for 2021, 2020 and 2019 is as follows (in millions): 2021 2020 2019
Net sales for 2021, 2020 and 2019 and long-lived assets as of September 25, 2021 and Segment
September 26, 2020 were as follows (in millions): 2021 2020 2019 Net sales: U.S. $ 133,803 $
Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)
shares in Millions, $ in Billions
Significant Accounting Policies [Line Items]
Potentially dilutive securities excluded from the computation of diluted earnings per share
because theirand
Depreciation effect would haveexpense
amortization been antidilutive (inand
on property shares)
equipment
Noncash activities involving property, plant and equipment, net decrease to accounts payable
and other |current
Buildings Maximum liabilities
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life
Machinery and equipment, including product tooling and manufacturing process equipment |
Minimum
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life
Machinery and equipment, including product tooling and manufacturing process equipment |
Maximum
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life
Internal-use software | Minimum
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life
Internal-use software | Maximum
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
62
$ 9.5 $ 9.7 $ 11.3
$ 2.9
40 years
1 year
5 years
5 years
7 years
Summary of Significant Accounting Policies - Computation of Basic and Diluted
Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in
Millions
Numerator:
Net income
Denominator:
Weighted-average basic shares outstanding (in shares)
Effect of dilutive securities (in shares)
Weighted-average diluted shares (in shares)
Basic earnings per share (in dollars per share)
Diluted earnings per share (in dollars per share)
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
3
$ 11.9 $ 10.2
Revenue Recognition - Deferred Revenue, Expected Timing of Realization (Details)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date
[Axis]:
Revenue,2021-09-26
Remaining Performance Obligation, Expected Timing of Satisfaction [Line
Items]
Deferred revenue, expected timing of realization, percentage
Deferred revenue, expected timing of realization, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date
[Axis]:
Revenue,2022-09-25
Remaining Performance Obligation, Expected Timing of Satisfaction [Line
Items]
Deferred revenue, expected timing of realization, percentage
Deferred revenue, expected timing of realization, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date
[Axis]:
Revenue,2023-10-01
Remaining Performance Obligation, Expected Timing of Satisfaction [Line
Items]
Deferred revenue, expected timing of realization, percentage
Deferred revenue, expected timing of realization, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date
[Axis]:
Revenue,2024-09-29
Remaining Performance Obligation, Expected Timing of Satisfaction [Line
Items]
Deferred revenue, expected timing of realization, percentage
Deferred revenue, expected timing of realization, period
Sep. 25, 2021
64.00%
1 year
26.00%
1 year
8.00%
1 year
2.00%
Revenue Recognition - Net Sales Disaggregated by Significant Products and Services
(Details) - USD ($) $ in Millions
Disaggregation of Revenue [Line Items]
Net sales
Revenue recognized that was included in deferred revenue at the beginning of the period
iPhone
Disaggregation of Revenue [Line Items]
Net sales
Mac
Disaggregation of Revenue [Line Items]
Net sales
iPad
Disaggregation of Revenue [Line Items]
Net sales
Wearables, Home and Accessories
Disaggregation of Revenue [Line Items]
Net sales
Services
Disaggregation of Revenue [Line Items]
Net sales
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
$ 189,961 $ 189,431
1,753 2,784
(1,198) (385)
190,516 191,830
34,940 38,016
27,699 52,927
127,877 100,887
17,900 18,600
9,783
11
(1)
9,793
9,608
185
0
162,873 169,487
1,742 2,784
(1,197) (385)
163,418 171,886
8,027 18,072
27,514 52,927
127,877 100,887
17,305 17,773
17,305 17,773
0 0
0 0
9,608 2,171
0 0
0 0
9,608 2,171
9,608 2,171
0 0
0 0
175
11
(1)
185
0
185
0
1,527
0
(564)
963
0
963
0
22,878 28,439
102 331
(77) 0
22,903 28,770
3,596 8,580
6,625 11,972
12,682 8,218
8,949 8,604
2 8
(64) 0
8,887 8,612
1,775 2,009
1,930 3,078
5,182 3,525
20,201 19,361
211 275
(101) (186)
20,311 19,450
390 255
3,091 3,329
16,830 15,866
1,300 10,399
0 0
0 0
1,300 10,399
490 4,043
810 6,246
0 110
2,639 11,226
0 0
0 0
2,639 11,226
1,776 3,185
863 8,041
0 0
83,883 76,937
1,242 1,834
(267) (175)
84,858 78,596
0 0
12,327 19,687
72,531 58,909
967 1,001
14 22
0 0
981 1,023
0 0
130 139
851 884
20,529 13,520
171 314
(124) (24)
20,576 13,810
0 0
775 435
$ 19,801 $ 13,375
Financial Instruments - Non-Current Marketable Debt Securities by Contractual
Maturity (Details) $ in Millions
Fair value of non-current marketable debt securities by contractual maturity
Due after 1 year through 5 years
Due after 5 years through 10 years
Due after 10 years
Total fair value
Sep. 25, 2021USD ($)
$ 83,755
23,915
20,207
$ 127,877
Financial Instruments - Additional Information (Details)
Trade receivables | Credit concentration risk
Financial Instruments [Line Items]
Number of customers that individually represented 10% or more of total trade receivables |
Customer
Trade receivables | Credit concentration risk | Cellular network carriers
Financial Instruments [Line Items]
Concentration risk, percentage
Non-trade receivables | Credit concentration risk
Financial Instruments [Line Items]
Number of vendors that individually represented 10% or more of total vendor non-trade
receivables | Vendor | Credit concentration risk | Vendor one
Non-trade receivables
Financial Instruments [Line Items]
Concentration risk, percentage
Non-trade receivables | Credit concentration risk | Vendor two
Financial Instruments [Line Items]
Concentration risk, percentage
Non-trade receivables | Credit concentration risk | Vendor Three
Financial Instruments [Line Items]
Concentration risk, percentage
Hedges of foreign currency exposure associated with revenue and inventory purchases
Financial Instruments [Line Items]
Hedged foreign currency transactions, expected recognition period
Hedges of foreign currency exposure associated with term debt and marketable securities
Financial Instruments [Line Items]
Hedged foreign currency transactions, expected recognition period
12 Months Ended
Sep. 25, 2021VendorCustomer Sep. 26, 2020CustomerVendor
0 0
42.00%
3 2
52.00% 57.00%
11.00% 11.00%
11.00%
12 months
21 years
Financial Instruments - Notional Amounts of Derivative Instruments (Details) - USD ($)
$ in Millions
Derivative instruments designated as accounting hedges | Foreign exchange contracts
Derivative [Line Items]
Derivatives, notional amount
Derivative instruments designated as accounting hedges | Interest rate contracts
Derivative [Line Items]
Derivatives, notional amount
Derivative instruments not designated as accounting hedges | Foreign exchange contracts
Derivative [Line Items]
Derivatives, notional amount
Sep. 25, 2021 Sep. 26, 2020
$ 76,475 $ 57,410
16,875 20,700
$ 126,918 $ 88,636
Financial Instruments - Derivative Instruments Designated as Fair Value Hedges and
Related Hedged Items (Details) - USD ($) $ in Millions
Current and non-current marketable securities | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying amount of hedged marketable securities
Current and non-current term debt | Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying amount of hedged term debt
Sep. 25, 2021 Sep. 26, 2020
$ 15,954 $ 16,270
$ (17,857) $ (21,033)
Consolidated Financial Statement Details - Property, Plant and Equipment, Net (Details)
- USD ($) $ in Millions
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment
Accumulated depreciation and amortization
Total property, plant and equipment, net
Land and buildings
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment
Machinery, equipment and internal-use software
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment
Leasehold improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment
Sep. 25, 2021 Sep. 26, 2020
$ 109,723 $ 103,526
(70,283) (66,760)
39,440 36,766
20,041 17,952
78,659 75,291
$ 11,023 $ 10,283
Consolidated Financial Statement Details - Other Non-Current Liabilities (Details) - USD
($) $ in Millions
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Long-term taxes payable
Other non-current liabilities
Total other non-current liabilities
Sep. 25, 2021 Sep. 26, 2020
$ 24,689 $ 28,170
28,636 26,320
$ 53,325 $ 54,490
Consolidated Financial Statement Details - Other Income/(Expense), Net (Details) - USD
($) $ in Millions
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interest and dividend income
Interest expense
Other income/(expense), net
Total other income/(expense), net
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
$ 68,700 $ 38,100
21.00% 21.00%
$ 2,600
1,600
15,477 $ 16,475
6,600 8,800
1,200
1,500 1,400
$ 219 $ 85
2
€ 13.1
€ 1.2
Sep. 28, 2019USD ($) Sep. 25, 2021EUR (€) Sep. 29, 2018USD ($)
$ 44,300
21.00%
$ 15,619 $ 9,694
$ 73
€ 12.7
Income Taxes - Reconciliation of the Provision for Income Taxes (Details) - USD ($) $ in
Millions
Income Tax Disclosure [Abstract]
Computed expected tax
State taxes, net of federal effect
Impacts of the U.S. Tax Cuts and Jobs Act of 2017
Earnings of foreign subsidiaries
Foreign-derived intangible income deduction
Research and development credit, net
Excess tax benefits from equity awards
Other
Provision for income taxes
Effective tax rate
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
$ 5,575 $ 8,317
5,895 4,934
2,406 2,038
5,399 1,638
4,262 797
1,639 1,612
25,176 19,336
(4,903) (1,041)
20,273 18,295
4,318 7,045
2,167 1,862
203 526
512 705
7,200 10,138
$ 13,073 $ 8,157
Income Taxes - Aggregate Changes in Gross Unrecognized Tax Benefits (Details) - USD
($) $ in Millions
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to
Examined Tax Returns [Roll Forward]
Beginning balances
Increases related to tax positions taken during a prior year
Decreases related to tax positions taken during a prior year
Increases related to tax positions taken during the current year
Decreases related to settlements with taxing authorities
Decreases related to expiration of the statute of limitations
Ending balances
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
10 years
$ 1.7 $ 1.5
12.9 9.3
$ 1.3
1.4 1.5
$ 3.3 $ 10.5
10 years 9 months 18 days 10 years 3 months 18 days
2.00% 2.00%
$ 1.1
3 years
20 years
Leases - ROU Assets and Lease Liabilities (Details) - USD ($) $ in Millions
Lease-Related Assets and Liabilities
Operating lease right-of-use assets
Operating lease right-of-use assets, financial statement line item [Extensible Enumeration]
Finance lease right-of-use assets
Finance lease right-of-use assets, financial statement line item [Extensible Enumeration]
Total right-of-use assets
Operating lease liabilities, current
Operating lease liabilities, current, financial statement line item [Extensible Enumeration]
Operating lease liabilities, non-current
Operating lease liabilities, non-current, financial statement line item [Extensible
Enumeration]
Finance lease liabilities, current
Finance lease liabilities, current, financial statement line item [Extensible Enumeration]
Finance lease liabilities, non-current
Finance lease liabilities, non-current, financial statement line item [Extensible Enumeration]
Total lease liabilities
Sep. 25, 2021 Sep. 26, 2020
$ 10,087 $ 8,570
Other non-current assets Other non-current assets
$ 861 $ 629
Property, plant and equipment, net Property, plant and equipment, net
$ 10,948 $ 9,199
$ 1,449 $ 1,436
Other current liabilities Other current liabilities
$ 9,506 $ 7,745
Other non-current liabilities Other non-current liabilities
$ 79 $ 24
Other current liabilities Other current liabilities
$ 769 $ 637
Other non-current liabilities Other non-current liabilities
$ 11,803 $ 9,842
Leases - Lease Liability Maturities (Details) - USD ($) $ in Millions Sep. 25, 2021
Operating Leases
2022 $ 1,629
2023 1,560
2024 1,499
2025 1,251
2026 1,061
Thereafter 5,187
Total undiscounted liabilities 12,187
Less: Imputed interest (1,232)
Total lease liabilities 10,955
Finance Leases
2022 104
2023 123
2024 99
2025 46
2026 26
Thereafter 868
Total undiscounted liabilities 1,266
Less: Imputed interest (418)
Total lease liabilities 848
Total
2022 1,733
2023 1,683
2024 1,598
2025 1,297
2026 1,087
Thereafter 6,055
Total undiscounted liabilities 13,453
Less: Imputed interest (1,650)
Total lease liabilities $ 11,803
Sep. 26, 2020
$ 9,842
12 Months Ended
Debt - Additional Information (Details) - USD ($) $ in Millions
Sep. 25, 2021
Debt Instrument [Line Items]
Commercial paper $ 6,000
Proceeds from repurchase agreements
Repayments of repurchase agreements
Floating- and fixed-rate notes, aggregate principal amount 118,063
Interest expense on term debt 2,600
Commercial paper
Debt Instrument [Line Items]
Commercial paper $ 6,000
Commercial paper, general maturity period (less than) 9 months
Commercial paper, weighted-average interest rate 0.06%
Level 2
Debt Instrument [Line Items]
Floating- and fixed-rate notes, aggregate fair value $ 125,300
12 Months Ended
Sep. 26, 2020 Sep. 28, 2019
$ 4,996
5,200
(5,200)
106,078
2,800 $ 3,200
$ 5,000
0.62%
$ 117,100
Debt - Summary of Cash Flows Associated with Commercial Paper (Details) - USD ($) $
in Millions
Maturities 90 days or less:
Proceeds from/(Repayments of) commercial paper, net
Maturities greater than 90 days:
Proceeds from commercial paper
Repayments of commercial paper
Proceeds from/(Repayments of) commercial paper, net
Total proceeds from/(repayments of) commercial paper, net
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
$ 106,078
(314)
1,676
(8,773)
98,667
$ 2,250
0.60%
1.39%
$ 103,828
0.03%
4.78%
$0
0.00%
$0
0.00%
Debt - Future Principal Payments for Term Debt (Details) - USD ($) $ in Millions
Debt Disclosure [Abstract]
2022
2023
2024
2025
2026
Thereafter
Total term debt
Sep. 25, 2021 Sep. 26, 2020
$ 9,583
11,391
10,202
10,914
11,408
64,565
$ 118,063 $ 106,078
Shareholders' Equity - Additional Information (Details) shares in Millions
Share Repurchase Program [Line Items]
Amount authorized for repurchase of common stock (up to)
Number of shares repurchased (in shares) | shares
Amount of share repurchases
Share repurchase program, amount utilized
May 2021 accelerated share repurchase agreement
Share Repurchase Program [Line Items]
Number of shares repurchased (in shares) | shares
Amount of share repurchases, accelerated share repurchase agreement
12 Months Ended
Sep. 25, 2021USD ($)shares
$ 315,000,000,000
656
$ 85,500,000,000
$ 254,100,000,000
36
$ 5,000,000,000
Shareholders' Equity - Shares of Common Stock (Details) - shares shares in Thousands
Increase (Decrease) in Shares of Common Stock Outstanding [Roll Forward]
Common stock outstanding, beginning balances (in shares)
Common stock repurchased (in shares)
Common stock outstanding, ending balances (in shares)
Common stock
Increase (Decrease) in Shares of Common Stock Outstanding [Roll Forward]
Common stock outstanding, beginning balances (in shares)
Common stock repurchased (in shares)
Common stock issued, net of shares withheld for employee taxes (in shares)
Common stock outstanding, ending balances (in shares)
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
16,976,763
(656,000)
16,426,786 16,976,763
$ 19,500
6,556,000,000 $ 3,634,000,000 $ 2,817,000,000
$ 13,600,000,000
2 years 6 months
50.00%
100.00%
6.00%
96
85.00%
6 months
10.00%
$ 25,000
760
4 years
1
2
2
Benefit Plans - Restricted Stock Units Activity and Related Information (Details) -
Restricted stock units - USD ($) $ / shares in Units, shares in Thousands, $ in Millions
Number of Restricted Stock Units
Beginning balance (in shares)
RSUs granted (in shares)
RSUs vested (in shares)
RSUs canceled (in shares)
Ending balance (in shares)
Weighted-Average Grant Date Fair Value Per RSU
Beginning balance (in dollars per share)
RSUs granted (in dollars per share)
RSUs vested (in dollars per share)
RSUs canceled (in dollars per share)
Ending balance (in dollars per share)
Aggregate Fair Value
Aggregate fair value of RSUs
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
$ 35,324
Benefit Plans - Summary of Share-Based Compensation Expense and the Related
Income Tax Benefit (Details) - USD ($) $ in Millions
Share-based Payment Arrangement [Abstract]
Share-based compensation expense
Income tax benefit related to share-based compensation expense
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
$ 4,551
2,165
984
405
51
28
$ 8,184
Commitments and Contingencies - Additional Information (Details) $ in Millions, € in
Billions
VirnetX | Pending Litigation
Commitments and Contingencies Disclosure [Line Items]
Award from legal proceedings, due to other party
iOS Performance Management | Litigation, final court approval
Commitments and Contingencies Disclosure [Line Items]
Award from legal proceedings, due to other party
French Competition Authority | Pending Litigation
Commitments and Contingencies Disclosure [Line Items]
Award from legal proceedings, due to other party | €
Optis | Pending Litigation
Commitments and Contingencies Disclosure [Line Items]
Award from legal proceedings, due to other party
Mar. 18, 2021USD ($) Mar. 16, 2020EUR (€) Aug. 31, 2021USD ($) Oct. 31, 2020USD ($)
$ 503
$ 310
€ 1.1
$ 300
Segment Information and Geographic Data - Information by Reportable Segment
(Details) - USD ($) $ in Millions
Segment Reporting Information [Line Items]
Net sales
Operating income
Americas
Segment Reporting Information [Line Items]
Net sales
Operating income
Europe
Segment Reporting Information [Line Items]
Net sales
Operating income
Greater China
Segment Reporting Information [Line Items]
Net sales
Operating income
Japan
Segment Reporting Information [Line Items]
Net sales
Operating income
Rest of Asia Pacific
Segment Reporting Information [Line Items]
Net sales
Operating income
12 Months Ended
Sep. 25, 2021 Sep. 26, 2020 Sep. 28, 2019
$ 39,440 $ 36,766
28,203 25,890
7,521 7,256
$ 3,716 $ 3,620