| Summary Information by Operating Segment |
The following
table shows information by operating segment for the three- and
nine-month periods ended June 30, 2012 and June 25, 2011
(in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
June 30,
2012 |
|
|
June 25,
2011 |
|
|
June 30,
2012 |
|
|
June 25,
2011 |
|
|
Americas:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
12,806 |
|
|
$ |
10,126 |
|
|
$ |
43,702 |
|
|
$ |
28,667 |
|
|
Operating income
|
|
$ |
5,202 |
|
|
$ |
3,596 |
|
|
$ |
18,069 |
|
|
$ |
10,250 |
|
|
|
|
|
|
|
Europe:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
8,237 |
|
|
$ |
7,098 |
|
|
$ |
28,300 |
|
|
$ |
20,381 |
|
|
Operating income
|
|
$ |
3,261 |
|
|
$ |
3,107 |
|
|
$ |
11,816 |
|
|
$ |
8,414 |
|
|
|
|
|
|
|
Japan:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
2,009 |
|
|
$ |
1,510 |
|
|
$ |
8,204 |
|
|
$ |
4,326 |
|
|
Operating income
|
|
$ |
1,073 |
|
|
$ |
735 |
|
|
$ |
4,597 |
|
|
$ |
1,996 |
|
|
|
|
|
|
|
Asia-Pacific:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
7,887 |
|
|
$ |
6,332 |
|
|
$ |
25,737 |
|
|
$ |
16,062 |
|
|
Operating income
|
|
$ |
3,374 |
|
|
$ |
2,782 |
|
|
$ |
11,452 |
|
|
$ |
6,869 |
|
|
|
|
|
|
|
Retail:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
4,084 |
|
|
$ |
3,505 |
|
|
$ |
14,599 |
|
|
$ |
10,543 |
|
|
Operating income
|
|
$ |
868 |
|
|
$ |
802 |
|
|
$ |
3,871 |
|
|
$ |
2,590 |
|
|
| Reconciliation of Segment Operating Income to Condensed Consolidated Financial Statements |
reconciliation
of the Company’s segment operating income to the condensed
consolidated financial statements for the three- and nine-month
periods ended June 30, 2012 and June 25, 2011 is as
follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
June 30,
2012 |
|
|
June 25,
2011 |
|
|
June 30,
2012 |
|
|
June 25,
2011 |
|
|
Segment operating
income
|
|
$ |
13,778 |
|
|
$ |
11,022 |
|
|
$ |
49,805 |
|
|
$ |
30,119 |
|
|
Share-based compensation
expense
|
|
|
(448 |
) |
|
|
(284 |
) |
|
|
(1,292 |
) |
|
|
(870 |
) |
|
Other corporate expenses,
net (a)
|
|
|
(1,757 |
) |
|
|
(1,359 |
) |
|
|
(4,216 |
) |
|
|
(4,169 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating
income
|
|
$ |
11,573 |
|
|
$ |
9,379 |
|
|
$ |
44,297 |
|
|
$ |
25,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Other corporate expenses include research and development,
corporate marketing expenses, manufacturing costs and variances not
included in standard costs, and other separately managed general
and administrative expenses.
|
|