Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name APPLE INC
CIK 0000320193
Accession number 0001193125-14-383437
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/320193/000119312514383437/aapl-20140927.xml
Fiscal year end --09-27
Fiscal year focus 2014
Fiscal period focus FY
Current balance sheet date 2014-09-27
Current year-to-date income statement start date 2013-09-29
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

As of September 27, 2014 and September 28, 2013, the significant components of the Company’s deferred tax assets and liabilities were (in millions):

 

     2014     2013  

Deferred tax assets:

     

Accrued liabilities and other reserves

    $ 2,761      $ 1,892   

Deferred revenue

      1,787        1,475   

Basis of capital assets and investments

      898        1,020   

Share-based compensation

      454        458   

Other

      644        1,029   
  

 

 

    

 

 

  

Total deferred tax assets

      6,544        5,874   

Less valuation allowance

      0        0   
  

 

 

    

 

 

  

Deferred tax assets, net of valuation allowance

      6,544        5,874   
  

 

 

    

 

 

  

Deferred tax liabilities:

     

Unremitted earnings of foreign subsidiaries

      21,544        18,044   

Other

      120        112   
  

 

 

    

 

 

  

Total deferred tax liabilities

      21,664        18,156   
  

 

 

    

 

 

  

Net deferred tax liabilities

    $ (15,120 )    $ (12,282 ) 
  

 

 

    

 

 

  

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 6,544,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance 0
Deferred tax assets, net 6,544,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -21,664,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -15,120,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 4,318,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -20,259,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -15,120,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 6,544,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -21,664,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -15,120,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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