Apple 1998 Annual Report Download - page 50

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
NOTE 3--CONSOLIDATED FINANCIAL STATEMENT DETAILS
INVENTORIES (in millions)
PROPERTY, PLANT, AND EQUIPMENT (in millions)
ACCRUED EXPENSES (in millions)
INTEREST AND OTHER INCOME (EXPENSE) (in millions)
47
1998 1997
----- ---------
Purchased parts................................................................ $ 32 $ 141
Work in process................................................................ 5 15
Finished goods................................................................. 41 281
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Total inventories.............................................................. $ 78 $ 437
--- ---------
--- ---------
1998 1997
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Land and buildings.......................................................... $ 338 $ 453
Machinery and equipment..................................................... 277 460
Office furniture and equipment.............................................. 80 110
Leasehold improvements...................................................... 129 172
--------- ---------
824 1,195
Accumulated depreciation and amortization................................... (476) (709)
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Net property, plant, and equipment.......................................... $ 348 $ 486
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--------- ---------
1998 1997
--------- ---------
Accrued compensation and employee benefits................................... $ 99 $ 99
Accrued marketing and distribution........................................... 205 278
Accrued warranty and related costs........................................... 132 128
Accrued restructuring costs.................................................. 31 180
Other current liabilities.................................................... 334 423
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Total accrued expenses....................................................... $ 801 $ 1,108
--------- ---------
--------- ---------
1998 1997 1996
--------- --------- ---------
Interest income............................................................................ $ 100 $ 82 $ 60
Interest expense........................................................................... (62) (71) (60)
Foreign currency gain (loss)............................................................... (2) 13 30
Net premiums and discounts on foreign exchange instruments................................. (1) (4) (13)
Realized gains on the sale of available-for-sale and other securities...................... 1 2 74
Other income (expense), net................................................................ (8) 3 (3)
--------- --- ---
$ 28 $ 25 $ 88
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