AAPL · 10-K · 2025A · Full report

Outstanding Indebtedness

Apple Inc. · 2025-10-31 · Importance 56 · Surprise 24 · In source text

As of September 27, 2025, Apple had $91.3 billion aggregate principal of outstanding fixed‑rate notes with varying maturities, including $12.4 billion payable within 12 months, and future interest payments on those Notes totaling $37.0 billion (with $2.6 billion payable within 12 months). The Company also had $8.0 billion of commercial paper outstanding as of the same date, payable within 12 months, and maintains access to debt markets. Management states its cash balances and marketable securities, plus operations and debt market access, will be sufficient to meet cash requirements and capital returns over the next 12 months and beyond. The size and structure of Apple’s debt position create interest-payment and refinancing considerations for near‑term liquidity planning.

Key facts

• As of September 27, 2025, the Company had outstanding fixed-rate notes with aggregate principal amount of $91.3 billion, with $12.4 billion payable within 12 months. source
• Future interest payments associated with the Notes total $37.0 billion, with $2.6 billion payable within 12 months. source
• As of September 27, 2025, the Company had $8.0 billion of commercial paper outstanding, which was payable within 12 months. source

Impact estimates