United states securities and exchange commission

2022
2021
Hedged assets/(liabilities):
Current and non-current marketable securities
$ 
13,378 $ 
15,954 
Current and non-current term debt
$ 
(18,739) $ 
(17,857) 
Accounts Receivable
Trade Receivables
The Company has considerable trade receivables outstanding with its third-party cellular network carriers, wholesalers, retailers, 
resellers, small and mid-sized businesses and education, enterprise and government customers. The Company generally does 
not require collateral from its customers; however, the Company will require collateral or third-party credit support in certain 
instances to limit credit risk. In addition, when possible, the Company attempts to limit credit risk on trade receivables with credit 
insurance for certain customers or by requiring third-party financing, loans or leases to support credit exposure. These credit-
financing arrangements are directly between the third-party financing company and the end customer. As such, the Company 
generally does not assume any recourse or credit risk sharing related to any of these arrangements.
As of September 24, 2022, the Company had one customer that represented 10% or more of total trade receivables, which 
accounted for 10%. The Company’s cellular network carriers accounted for 44% and 42% of total trade receivables as of 
September 24, 2022 and September 25, 2021, 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 subassemblies or assemble final products for the Company. The Company purchases these 
components directly from suppliers. As of September 24, 2022, the Company had two vendors that individually represented 10% 
or more of total vendor non-trade receivables, which accounted for 54% and 13%. As of September 25, 2021, the Company had 
three vendors that individually represented 10% or more of total vendor non-trade receivables, which accounted for 52%, 11% 
and 11%.
Apple Inc. | 2022 Form 10-K | 40

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