The following summarized data (amounts in millions) are taken from the September 30, 2017, and September 24, 2016, comparative financial statements of Apple Inc., a company that designs, manufactures, and markets mobile communication and media devices and personal computers; sells a variety of related software, services, accessories, networking solutions, and offers third-party digital content and applications: (Amounts Expressed in Millions) For the Fiscal Years Ended September 30 and September 24, respectively: Net sales Costs of sales Operating income Net income At Year End: Assets Current assets: Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowance of $58 and $53, respectively Inventories Vendor nontrade receivables Other current assets Total current assets Long-term marketable securities Property, plant, and equipment, net Goodwill Acquired intangible assets, net Other assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued expenses Deferred revenue Commercial paper Total current liabilities Long-term debt. 2017 2016 $ 229,234 $ 215,639 131,376 60,024 114,048 61,344 $ 48,351 $ 45,687 $ 20,289 $ 20,484 53,8921 17,874 46,671 15,754 4,855 2,132 17,799 13,545 13,936 8,283 128,645 106,869 194,714 170,430 33,783 27,010 5,717 5,414 2,298 3,206 10,162 8,757 $ 375,319 $ 321,686 $ 49,049 $ 37,294 25,744 22,027 7,548 8,080 11,977 8,105 Current portion of long-term debt 6,496 3,500 Deferred revenue-noncurrent 100,814 79,006 2,836 2,930 Other noncurrent liabilities 97,207 75,427 40,415 36,074 Total liabilities 241,272 Shareholders Equity: 193,437 Accumulated other comprehensive income (loss) Total shareholders' equity: Total liabilities and shareholders' equity Common stock and additional paid-in capital, $0.00001 par value, 12,600,000 shares authorized; 5,126,201 and 5,336,166 shares issued and outstanding, respectively Retained earnings 35,867 98,330 31,251 96,364 (150) 134,047 634 128,249 $ 375,319 $ 321,686