| Segment Information and Geographic Data |
Segment Information and Geographic Data The following table shows information by reportable segment for the three- and nine-month periods ended July 1, 2023 and June 25, 2022 (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | July 1, 2023 | | June 25, 2022 | | July 1, 2023 | | June 25, 2022 | | Americas: | | | | | | | | | Net sales | $ | 35,383 | | | $ | 37,472 | | | $ | 122,445 | | | $ | 129,850 | | | Operating income | $ | 13,117 | | | $ | 13,914 | | | $ | 44,908 | | | $ | 48,778 | | | | | | | | | | | Europe: | | | | | | | | | Net sales | $ | 20,205 | | | $ | 19,287 | | | $ | 71,831 | | | $ | 72,323 | | | Operating income | $ | 7,995 | | | $ | 7,124 | | | $ | 27,380 | | | $ | 27,174 | | | | | | | | | | | Greater China: | | | | | | | | | Net sales | $ | 15,758 | | | $ | 14,604 | | | $ | 57,475 | | | $ | 58,730 | | | Operating income | $ | 6,207 | | | $ | 5,760 | | | $ | 24,175 | | | $ | 25,055 | | | | | | | | | | | Japan: | | | | | | | | | Net sales | $ | 4,821 | | | $ | 5,446 | | | $ | 18,752 | | | $ | 20,277 | | | Operating income | $ | 2,443 | | | $ | 2,418 | | | $ | 9,073 | | | $ | 9,263 | | | | | | | | | | | Rest of Asia Pacific: | | | | | | | | | Net sales | $ | 5,630 | | | $ | 6,150 | | | $ | 23,284 | | | $ | 23,002 | | | Operating income | $ | 2,328 | | | $ | 2,367 | | | $ | 9,447 | | | $ | 9,185 | |
A reconciliation of the Company’s segment operating income to the Condensed Consolidated Statements of Operations for the three- and nine-month periods ended July 1, 2023 and June 25, 2022 is as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | July 1, 2023 | | June 25, 2022 | | July 1, 2023 | | June 25, 2022 | | Segment operating income | $ | 32,090 | | | $ | 31,583 | | | $ | 114,983 | | | $ | 119,455 | | | Research and development expense | (7,442) | | | (6,797) | | | (22,608) | | | (19,490) | | | Other corporate expenses, net | (1,650) | | | (1,710) | | | (5,043) | | | (5,422) | | | Total operating income | $ | 22,998 | | | $ | 23,076 | | | $ | 87,332 | | | $ | 94,543 | |
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