[User] How much did cash, cash equivalents, and marketable securities total at the end of fiscal year 2023?

[Assistant] $13.30 billion


[User] What was the total amount of net cash provided by operating activities for fiscal year 2023?

[Assistant] $5,641 million


[User] What major factors contributed to the decrease in cash provided by operating activities in fiscal year 2023?

[Assistant] The decrease was primarily due to a decrease in net income adjusted for certain non-cash items, such as the Arm acquisition termination cost of $1.35 billion, and higher tax payments, partially offset by changes in working capital.


[User] What is the anticipated total capital investment range for fiscal year 2024 related to property and equipment?

[Assistant] Approximately $1.10 billion to $1.30 billion


[User] What is the total amount authorized for the repurchase of common stock up to December 2023?

[Assistant] The total amount authorized for the repurchase of common stock up to December 2023 is $7.23 billion.


[User] How much long-term debt remains after accounting for the short-term portion as of January 29, 2023?

[Assistant] After accounting for the short-term portion, the total long-term debt remaining as of January 29, 2023 is $9,703 million.


[User] What is the commercial paper program limit, and was it utilized by the end of fiscal year 2023?

[Assistant] The commercial paper program limit is $575 million, and it was not utilized by the end of fiscal year 2023.


[User] What amount is recorded as unrecognized tax benefits at the end of fiscal year 2023?

[Assistant] Unrecognized tax benefits recorded at the end of fiscal year 2023 are $1.02 billion.


[User] Where can information regarding executive compensation for the company be found?

[Assistant] Information regarding executive compensation can be found in the company's 2023 Proxy Statement under various captions including 'Executive Compensation', 'Compensation Committee Interlocks and Insider Participation', 'Director Compensation', and 'Compensation Committee Report'.


[User] What document incorporates the information on executive compensation by reference?

[Assistant] The 2023 Proxy Statement incorporates the information on executive compensation by reference.


[User] What area did NVIDIA initially focus on before expanding to other computationally intensive fields?

[Assistant] NVIDIA initially focused on PC graphics.


[User] What are some of the recent applications of GPU-powered deep learning as mentioned by NVIDIA?

[Assistant] Recent applications of GPU-powered deep learning include recommendation systems, large language models, and generative AI.


[User] What significant invention did NVIDIA create in 1999?

[Assistant] NVIDIA invented the GPU in 1999.


[User] How does NVIDIA's platform strategy contribute to the markets it serves?

[Assistant] NVIDIA's platform strategy brings together hardware, systems, software, algorithms, libraries, and services to create unique value.


[User] What does NVIDIA's CUDA programming model enable?

[Assistant] NVIDIA's CUDA programming model opened the parallel processing capabilities of GPUs for general purpose computing.


[User] What industries use NVIDIA's GPUs and software for automation?

[Assistant] NVIDIA's GPUs and software are used for automation in various industries including transportation, healthcare, financial services, professional design, movies, and building products design.


[User] Why did NVIDIA and SoftBank terminate their Share Purchase Agreement for acquiring Arm Limited?

[Assistant] NVIDIA and SoftBank terminated their Share Purchase Agreement due to significant regulatory challenges that prevented the completion of the transaction.


[User] What amount did NVIDIA record as an acquisition termination cost in fiscal year 2023?

[Assistant] NVIDIA recorded an acquisition termination cost of $1.35 billion in fiscal year 2023.


[User] What does the NVIDIA computing platform focus on accelerating?

[Assistant] The NVIDIA computing platform focuses on accelerating the most compute-intensive workloads, such as AI, data analytics, graphics and scientific computing, across various types of data centers.


[User] What are the key components of the NVIDIA computing platform?

[Assistant] The NVIDIA computing platform includes energy-efficient GPUs, data processing units (DPUs), interconnects, systems, the CUDA programming model, and a suite of software libraries, SDKs, application frameworks, and services.


[User] According to the text, what is the global market share and leadership position of Procter & Gamble in the retail hair care market?

[Assistant] Procter & Gamble is a global market leader in the retail hair care market with nearly 20% global market share.


[User] What are the operational effects of productivity improvements detailed by Procter & Gamble?

[Assistant] Productivity improvements enable investments in product and packaging innovation, more efficient supply chains, advertising, and sales and R&D programs expansion. They also help mitigate challenging cost environments, including increasing commodity costs and negative foreign exchange impacts.


[User] What are the four focus areas declared by the company to strengthen their performance going forward?

[Assistant] The four focus areas are leveraging environmental sustainability, increasing digital acumen, developing next-level supply chain capabilities, and delivering employee value equation for all gender identities, races, ethnicities, sexual orientations, ages and abilities for all roles.


[User] What productivity target has the company set for adjusted free cash flow?

[Assistant] The company has set a productivity target for adjusted free cash flow of 90% or greater.


[User] What was the percentage increase in net sales for Procter & Gamble in 2023 compared to the previous year?

[Assistant] Net sales for Procter & Gamble increased by 2% in 2023 compared to the previous year.


[User] What factors contributed to the increase in operating income for Procter & Gamble in 2023?

[Assistant] The increase in operating income for Procter & Gamble in 2023 was due to the increase in net sales, partially offset by a modest decrease in operating margin.


[User] How did the change in diluted net earnings per common share from 2022 to 2023 compare to the change in net earnings for Procter & Gamble?

[Assistant] While net earnings for Procter & Gamble decreased slightly from 2022 to 2023, diluted net earnings per common share increased by 2% over the same period.


[User] What was the impact of foreign exchange on Procter & Gamble's 2023 net earnings compared to the previous year?

[Assistant] Foreign exchange impacts reduced Procter & Gamble's net earnings by approximately $1.4 billion in 2023 compared to the previous year.


[User] How did Procter & Gamble manage the fluctuations in costs, particularly related to commodities and input materials?

[Assistant] Procter & Gamble managed cost fluctuations through pricing actions to offset inflationary impacts and consistent productivity improvements across their operations.


[User] What changes have been made to the operations of a company in Russia since March 2022?

[Assistant] The company in Russia has reduced its product portfolio, discontinued new capital investments, and suspended media, advertising and promotional activity.


[User] How did supply chain improvements in the second half of 2022 and during 2023 affect the company?

[Assistant] The improvements in the supply chain during these periods included reductions in freight costs and decreased usage of air freight.


[User] What was the percentage increase in selling, general and administrative expenses from 2022 to 2023?

[Assistant] The selling, general and administrative expenses increased by 23.2 percent from 2022 to 2023.


[User] What was the primary reason for the increase in head office costs in 2023?

[Assistant] The increase in head office costs was primarily due to a rise in employee costs, brand and community costs, depreciation, other head office costs, and technology costs.


[User] What were the components of the increase in costs related to operating channels in 2023?

[Assistant] The costs related to operating channels increased due to higher employee costs, other operating costs, variable costs, and brand and community costs.


[User] What was the year-over-year percentage decrease in impairment of goodwill and other assets, restructuring costs from 2022 to 2023?

[Assistant] The impairment of goodwill and other assets, restructuring costs decreased by 81.7 percent from 2022 to 2023.


[User] What was the year-over-year change in amortization of intangible assets costs from 2022 to 2023?

[Assistant] The amortization of intangible assets decreased by $3,742 from 2022 to 2023, representing a 42.8 percent decrease.


[User] How much gain did the disposal of assets generate in the second quarter of 2022?

[Assistant] The disposal of assets in the second quarter of 2022 resulted in a pre-tax gain of $10.2 million.


[User] By how much did the income from operations increase in the Americas segment from 2022 to 2023?

[Assistant] The income from operations in the Americas segment increased by $433,444 from 2022 to 2023.


[User] What was the primary reason for the increase in other income, net during the noted period?

[Assistant] The increase in other income, net was primarily due to an increase in interest income resulting from higher cash balances and higher interest rates.


[User] What were the main factors contributing to the increase in net income in 2023?

[Assistant] The main factors contributing to the increase in net income in 2023 were an increase in gross profit of $1.1 billion, an increase in other income (expense), net of $38.9 million, and lower impairment and restructuring charges compared to the previous year, partially offset by an increase in selling, general and administrative expenses, higher income tax expense, and a gain on disposal of assets in the previous year.


[User] How does the company treat income taxes in its financial reports?

[Assistant] The company is subject to income taxes in the U.S. and many foreign jurisdictions, and significant judgment is used to determine the provision for income taxes, deferred tax assets and liabilities, and any valuation allowances against net deferred tax assets.


[User] Why might the company's tax settlements vary?

[Assistant] The company's tax settlements might vary due to transactions and calculations where the ultimate tax outcome is uncertain, which requires the company to base their recognition of tax impacts on estimates which they adjust as reviews progress.


[User] What legal obligations does the company have regarding tax filings?

[Assistant] The company is required to file income tax returns in the U.S. and various foreign jurisdictions.


[User] What led to the increase in automotive sales revenue in 2023 as compared to 2022?

[Assistant] The increase in automotive sales revenue in 2023 compared to 2022 was primarily due to an increase of 473,382 combined Model 3 and Model Y cash deliveries from the production ramping of Model Y globally.


[User] What factors contributed to the decrease in automotive leasing revenue in 2023?

[Assistant] The decrease in automotive leasing revenue in 2023 was primarily due to a decrease in direct sales-type leasing revenue driven by lower deliveries year over year.


[User] How did the revenue from automotive regulatory credits change in 2023 compared to 2022?

[Assistant] The revenue from automotive regulatory credits increased by $14 million, or 1%, in 2023 compared to 2022.


[User] What caused the increase in energy generation and storage segment revenue in 2023?

[Assistant] The increase in energy generation and storage segment revenue in 2023 was primarily due to an increase in deployments of Megapack.


[User] How much did the gross profit for the total automotive and services and other segment amount to in the year that ended in December 31, 2023?

[Assistant] $16,519


[User] What was the percentage decrease in the automotive gross margin from 2022 to 2023?

[Assistant] The automotive gross margin decreased from 28.5% to 19.4%, which is a decrease of 9.1%.


[User] What were the primary components included in the cost of automotive leasing revenue?

[Assistant] The cost of automotive leasing revenue includes the depreciation of operating lease vehicles, the cost of goods sold associated with direct sales-type leases, and warranty expense related to leased vehicles.


[User] By what percentage did the cost of automotive leasing revenue decrease in the year ended December 31, 2023?

[Assistant] 16%


[User] What was the gross profit of the energy generation and storage segment in the year ended December 31, 2023?

[Assistant] $1,141


[User] What was the change in the gross margin for the energy generation and storage segment from 2022 to 2023?

[Assistant] The gross margin increased from 7.4% to 18.9%.


[User] What contributed to the increase in interest income in 2023 compared to 2022?

[Assistant] The increase in interest income in 2023 was mainly due to higher interest earned on cash and cash equivalents and short-term investments, influenced by rising interest rates and an increase in the portfolio balance.


[User] What was the monetary change in other income (expense), net, from 2022 to 2023?

[Assistant] Other income (expense), net, changed favorably by $215 million from 2022 to 2023.


[User] Why did the other income (expense), net, increase in 2023 compared to 2022?

[Assistant] The increase in other income (expense), net, in 2023 was primarily due to favorable fluctuations in foreign currency exchange rates on intercompany balances.


[User] What affected the cash flows from operating activities for the business?

[Assistant] The cash flows from operating activities were significantly affected by cash investments in areas such as research and development, selling, general and administrative, and working capital.


[User] What are the sources of operating cash inflows?

[Assistant] Operating cash inflows include cash from vehicle sales, related servicing, customer lease and financing payments, customer deposits, sales of regulatory credits, energy generation and storage products, and interest income on the cash and investments portfolio.


[User] What contributed to the decrease in net cash provided by operating activities in 2023?

[Assistant] The decrease in net cash provided by operating activities was primarily due to the decrease in net income excluding non-cash expenses, gains, and losses of $2.93 billion, partially offset by favorable changes in net operating assets and liabilities of $1.46 billion.


[User] How much did capital expenditures amount to in 2023, and what were they mainly used for?

[Assistant] Capital expenditures amounted to $8.90 billion in 2023, mainly used for global factory expansion and machinery and equipment as part of the expansion of the product roadmap.


[User] What amount of commercial paper was outstanding as of September 30, 2023?

[Assistant] $6.0 billion


[User] What was the total amount of the Company's fixed lease payment obligations as of September 30, 2023?

[Assistant] $15.8 billion


[User] How much of the Company's manufacturing purchase obligations were payable within 12 months as of September 30, 2023?

[Assistant] $52.9 billion


[User] What is the balance of the deemed repatriation tax payable as of September 30, 2023?

[Assistant] $22.0 billion


[User] How much was the quarterly cash dividend per share as of September 30, 2023?

[Assistant] $0.24 per share


[User] What does the Company's management use as the basis for making judgments about the carrying values of assets and liabilities?

[Assistant] Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances.


[User] What could have a material impact on the Company’s financial condition and operating results if resolved in a manner inconsistent with management’s expectations?

[Assistant] Resolution of legal matters in a manner inconsistent with management’s expectations could have a material impact on the Company’s financial condition and operating results.


[User] What type of situations will the company record a liability for legal proceedings?

[Assistant] The company will record a liability when it is probable that a loss has been incurred and the amount is reasonably estimable.


[User] What requires significant judgment in the context of legal and other contingencies?

[Assistant] The determination of when a liability is probable and reasonably estimable requires significant judgment.


[User] What does the Company face in the ordinary course of business related to legal matters?

[Assistant] The Company faces various legal proceedings and claims in the ordinary course of business.


[User] What segments does the Company manage its business on?

[Assistant] The Company manages its business primarily on a geographic basis, with reportable segments consisting of the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific.


[User] During 2023, what percentage of the Company’s net sales came from direct sales channels?

[Assistant] During 2023, 37% of the Company's net sales came from direct sales channels.


[User] What factors characterize the competition for the Company’s products and services?

[Assistant] The competition for the Company’s products and services is characterized by aggressive price competition, frequent introduction of new products and services, short product life cycles, evolving industry standards, continual improvement in product price and performance, rapid adoption of technological advancements by competitors, and price sensitivity of consumers and businesses.


[User] What are the key factors contributing to Apple's success in competition?

[Assistant] Key factors contributing to Apple's success include price, product and service features (including security features), relative price and performance, product and service quality and reliability, design innovation, a strong third-party software and accessories ecosystem, marketing and distribution capability, service and support, and corporate reputation.


[User] From which sources does Apple obtain certain essential components?

[Assistant] Apple obtains certain essential components from single or limited sources.


[User] How do competitors of Apple primarily compete in the market?

[Assistant] Competitors primarily compete through aggressive pricing and very low cost structures, by imitating Apple's products and infringing on its intellectual property.


[User] In which product categories is Apple focused on expanding its market opportunities?

[Assistant] Apple is focused on expanding its market opportunities related to smartphones, personal computers, tablets, wearables and accessories, and services.


[User] What must Apple ensure to compete successfully given the rapid technological advances in its industry?

[Assistant] Apple must ensure a continual and timely flow of competitive products, services, and technologies to the marketplace.


[User] Why is ownership of intellectual property important for Apple?

[Assistant] Ownership of intellectual property is important for Apple as it differentiates its business and contributes to its success.


[User] What challenges does Apple face regarding the availability of components?

[Assistant] Apple faces challenges such as industry-wide shortages, significant commodity pricing fluctuations, and initial capacity constraints for components using new technologies.


[User] How is unearned revenue generally recognized over contract periods?

[Assistant] Unearned revenue is generally recognized ratably over the coverage period of the contract.


[User] What change occurs in revenue recognition when customers choose cloud-based services over transaction-based products?

[Assistant] The associated revenue shifts from being recognized at the time of the transaction to being recognized over the subscription period or upon consumption.


[User] What were the principal and interest payments due on long-term debt for fiscal year 2024 according to the financial assessment?

[Assistant] The principal payments due on long-term debt were $5,250 million and the interest payments were $1,379 million for fiscal year 2024.


[User] How much has been paid in transition tax for fiscal year 2023 and what is the remaining amount due over the next three years?

[Assistant] For fiscal year 2023, $1.5 billion was paid in transition tax, with a remaining amount of $10.5 billion due over the next three years.


[User] How much remains of the $60 billion share repurchase program as of June 30, 2023?

[Assistant] As of June 30, 2023, $22.3 billion remains of the $60 billion share repurchase program.


[User] How often does the company review debt investments for credit losses and impairment?

[Assistant] The company reviews debt investments for credit losses and impairment on a quarterly basis.


[User] What factors are considered by the company when evaluating investment impairment?

[Assistant] When evaluating investment impairment, the company considers general market conditions, the credit quality of debt instrument issuers, and the extent to which the fair value is less than cost.


[User] What method is primarily used to estimate the fair value of each reporting unit?

[Assistant] The fair value of each reporting unit is primarily estimated through the use of a discounted cash flow methodology.


[User] When is goodwill tested for impairment at the reporting unit level?

[Assistant] Goodwill is tested for impairment at the reporting unit level on an annual basis every May 1st, and between annual tests if events or circumstances indicate that the fair value of a reporting unit may have fallen below its carrying value.


[User] What is the accounting treatment of software development costs before technological feasibility is established?

[Assistant] Software development costs incurred internally in researching and developing a computer software product are charged to expense until technological feasibility of the product is established.


[User] What type of reinsurance contracts are offered by Berkshire Hathaway Reinsurance Group?

[Assistant] Berkshire Hathaway Reinsurance Group offers treaty and facultative contracts, which are further classified as quota-share or excess reinsurance contracts.


[User] What is the geographical focus of the General Re Group’s life and health reinsurance business for net premiums written in 2023?

[Assistant] In 2023, net premiums written for the General Re Group’s life and health reinsurance business were primarily in the Asia-Pacific, U.S., and Western Europe regions.


[User] How many employees did BNSF Railway have at the end of 2023, and how many of them were union members?

[Assistant] At the end of 2023, BNSF Railway had approximately 37,000 employees, of whom about 32,000 were members of a labor union.


[User] What percentage of BNSF Railway's freight revenue for the year ending December 31, 2023, came from consumer products?

[Assistant] 34% of BNSF Railway's freight revenue for the year ending December 31, 2023, was derived from consumer products.


[User] Which U.S. federal regulatory agency has jurisdiction over safety and environmental aspects of rail operations including the transportation of hazardous materials?

[Assistant] The Department of Transportation, the Occupational Safety and Health Administration, and the Environmental Protection Agency have jurisdiction over various safety and environmental aspects of rail operations, including the transportation of hazardous materials.


[User] What is BNSF Railway's target for reducing its greenhouse gas emissions by 2030?

[Assistant] BNSF Railway has committed to reducing its greenhouse gas emissions by 30% by 2030 from its baseline year of 2018.


[User] What is the length of the interstate natural gas pipeline system operated by Kern River?

[Assistant] The Kern River operates an interstate natural gas pipeline system that is approximately 1,400 miles long.


[User] How many underground natural gas storage facilities does Northern Natural operate?

[Assistant] Northern Natural operates three underground natural gas storage facilities.


[User] What is the service territory size of AltaLink in square miles?

[Assistant] AltaLink's service territory covers approximately 87,000 square miles.


[User] What types of energy resources do BHE's independent power projects primarily utilize?

[Assistant] BHE's independent power projects primarily utilize wind, solar, geothermal, and hydro sources.


[User] What were the main reasons for the increase in services gross margin in 2023 compared to 2022?

[Assistant] Higher Services net sales, partially offset by the weakness in foreign currencies relative to the U.S. dollar and higher Services costs.


[User] How much did the company spend on research and development in 2022?

[Assistant] $26,251 million


[User] What was the effective tax rate for the company in 2023?

[Assistant] 14.7%


[User] What were the total operating expenses for the company in 2021?

[Assistant] $43,887 million


[User] What was the total provision for income taxes in 2021?

[Assistant] $14,527 million


[User] What factors could impact the company's future gross margins?

[Assistant] A variety of factors, as discussed in Part I, Item 1A of this Form 10-K under the heading “Risk Factors.”


[User] How much cash, cash equivalents, and unrestricted marketable securities did the company have as of September 30, 2023?

[Assistant] $148.3 billion


[User] What were the main reasons for the year-over-year growth in R&D expense in 2023?

[Assistant] Increases in headcount-related expenses.


[User] How much of the Company's fixed-rate notes' principal amount was payable within 12 months as of September 30, 2023?

[Assistant] $9.9 billion


[User] What was the total amount of future interest payments associated with the Notes as of September 30, 2023?

[Assistant] $41.1 billion


[User] What fundamental shift in behaviors does Airbnb believe to have changed due to the COVID-19 pandemic?

[Assistant] Airbnb believes that the ways people approach work, living, and travel have fundamentally changed due to new behaviors developed during the COVID-19 pandemic.


[User] What is the goal of the company regarding its global corporate operations by 2030?

[Assistant] The company aims to operate as a net zero company by 2030.


[User] How does the company plan to achieve its emissions goals in the long term?

[Assistant] The company plans to achieve its emissions goals by purchasing carbon credits from high integrity projects, focusing on nature-based solutions where feasible.


[User] What specific categories of emissions is the company aiming to reduce by 2030?

[Assistant] The company is focusing on reducing emissions across Scope 1, Scope 2, and certain Scope 3 categories such as purchased goods and services, capital goods, fuel- and energy-related activities, waste generated in operations, business travel, employee commuting, and upstream leased assets.


[User] What measures is the company implementing to support climate goals?

[Assistant] The company is implementing a broad range of initiatives aimed at decarbonizing their business and making their corporate operations more sustainable.


[User] Which companies operate under the Trip.com Group?

[Assistant] Trip.com Group operates under the brands Ctrip.com, Trip.com, Qunar, Tongcheng-eLong, and SkyScanner.


[User] Which hotel chains are identified as competitors in this report?

[Assistant] The hotel chains identified as competitors include Marriott, Hilton, Accor, Wyndham, InterContinental, OYO, and Huazhu.


[User] What are the trademark protections owned by the company?

[Assistant] The company owns a trademark portfolio with protections in 170 countries for its primary brands AIRBNB and the Bélo logo, as well as worldwide protections for other brands or protectable brand elements including Rausch, their primary corporate color, localizations, translations, and transliterations of their primary brands, and brands associated with businesses they have acquired.


[User] What type of websites does Airbnb own related to their business?

[Assistant] Airbnb owns registered domain names such as the airbnb.com domain name and country code top level domain names related to their business.


[User] Which online platforms offering experiences are mentioned in the text?

[Assistant] The online platforms offering experiences mentioned in the text include Viator, GetYourGuide, Klook, Traveloka, TUI Musement, and KKDay.


[User] What entity audited the company's consolidated financial statements?

[Assistant] Deloitte & Touche LLP, an independent registered public accounting firm, audited the company's consolidated financial statements.


[User] What was the company's total revenue for the year ended June 30, 2023?

[Assistant] The company's total revenue for the year ended June 30, 2023 was $211,915 million.


[User] What was the net cash from operations reported for the year ended June 30, 2023?

[Assistant] 87,582 million


[User] How is revenue from on-premises software licenses recognized according to the company's accounting policy?

[Assistant] Revenue from on-premises software licenses is recognized upfront when the software is made available to the customer.


[User] What is included in the cost of revenue according to the text?

[Assistant] The cost of revenue includes manufacturing and distribution costs for products sold and programs licensed, operating costs related to product support service centers and product distribution centers, costs incurred to include software on PCs sold by OEMs to drive traffic to websites and acquire online advertising space, costs to support and maintain cloud-based and other online products and services, warranty costs, inventory valuation adjustments, costs associated with the delivery of consulting services, and the amortization of capitalized software development costs.


[User] What type of inputs are typically reflected in Level 3 assets and liabilities valuations?

[Assistant] Level 3 asset and liability valuations typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability.


[User] How much were unrealized losses on U.S. government and agency securities for those held for 12 months or greater as of June 30, 2023?

[Assistant] The unrealized losses on U.S. government and agency securities held for 12 months or greater as of June 30, 2023, were $3,534 million.


[User] What was the fair value of U.S. government and agency securities as of June 30, 2022?

[Assistant] The fair value of U.S. government and agency securities as of June 30, 2022 was $61,302 million.


[User] What was the total amount attributed to Goodwill in the acquisition of Nuance Communications, Inc. as reported by the company?

[Assistant] The total amount attributed to Goodwill in the acquisition of Nuance Communications, Inc. was $16,326 million.


[User] What methodology is primarily used for testing goodwill impairment at the company annually?

[Assistant] The company primarily uses a discounted cash flow methodology.


[User] What is the primary source of cash used by the company to fund operating needs and capital expenditures?

[Assistant] The primary source of cash used to fund operating needs and capital expenditures is operating cash flow.


[User] How much was the Adjusted Free Cash Flow for the company in 2023?

[Assistant] The Adjusted Free Cash Flow for the company in 2023 was $14.0 billion.


[User] How much cash did acquisition activities use in 2023?

[Assistant] Acquisition activities used $765 million of cash in 2023.


[User] What was the amount of total debt for the company as of June 30, 2023?

[Assistant] The total debt for the company as of June 30, 2023, was $34.6 billion.


[User] How much did dividends per common share increase in 2023?

[Assistant] Dividends per common share increased by 4% in 2023.


[User] How much cash did the exercise of stock options and other financing activities generate in 2023?

[Assistant] The exercise of stock options and other financing activities generated $1.3 billion of cash in 2023.


[User] What were the short-term and long-term credit ratings of the company as of June 30, 2023?

[Assistant] As of June 30, 2023, the company's short-term credit ratings were P-1 (Moody's) and A-1+ (Standard & Poor's), and the long-term credit ratings were Aa3 (Moody's) and AA- (Standard & Poor's).


[User] What is the amount and structure of the bank credit facilities available to support the company's commercial paper program as of 2023?

[Assistant] The bank credit facilities available to support the company's commercial paper program in 2023 included an $8.0 billion facility split between a $3.2 billion five-year facility and a $4.8 billion 364-day facility.


[User] What was the projected liability for U.S. Tax Act transitional charge as of June 30, 2023?

[Assistant] The projected liability for the U.S. Tax Act transitional charge as of June 30, 2023, was $1,575 million.


[User] How much cash and cash equivalents did the company have as of June 30, 2023, related to foreign subsidiaries?

[Assistant] As of June 30, 2023, the company had $5.1 billion of cash and cash equivalents related to foreign subsidiaries.


[User] What are some of the key risks and uncertainties facing forward-looking statements mentioned in the report?

[Assistant] The risks and uncertainties include managing global financial risks such as foreign currency fluctuations, managing economic volatility, disruptions in business operations from various factors like natural disasters or terrorism, cost fluctuations including commodity prices, competing with local and global competitors, maintaining key customer relationships, and legal and regulatory requirements among others.


[User] How is organic sales growth defined in the report?

[Assistant] Organic sales growth is defined as net sales growth excluding the impacts of acquisitions and divestitures and foreign exchange from year-to-year comparisons.


[User] What financial measures does Procter & Gamble use to evaluate their management performance?

[Assistant] Procter & Gamble uses measures such as unit volume growth, net sales, net earnings, diluted net earnings per common share, and operating cash flow. They also use non-U.S. GAAP measures like organic sales growth, core earnings per share, adjusted free cash flow, and adjusted free cash flow productivity.


[User] What are some non-GAAP financial measures mentioned in the report and how are they derived?

[Assistant] Non-GAAP financial measures mentioned include organic sales growth, core earnings per share, adjusted free cash flow, and adjusted free cash flow productivity. These measures are derived by excluding certain factors like acquisitions, divestitures, foreign exchange, and certain one-time items from their calculations.


[User] How does Procter & Gamble assess its market share according to the management's discussion and analysis?

[Assistant] Procter & Gamble assesses its market share through a combination of vendor-purchased traditional brick-and-mortar and online data in key markets, along with internal estimates. They measure quarter and fiscal year-to-date market shares.


[User] What are the five kinds of price tiers in which the company's products compete?

[Assistant] The products compete in super-premium, premium, mid-tier, and value-tier price levels.


[User] What are the main responsibilities of the Sector Business Units (SBUs) at the company?

[Assistant] The SBUs are responsible for global brand strategy, product upgrades and innovation, marketing plans, and supply chain. They also have direct profit responsibility for Focus Markets and are responsible for innovation plans, supply plans, and operating frameworks in Enterprise Markets.


[User] How is the market share of Procter & Gamble's blades and razors described in the text?

[Assistant] Procter & Gamble holds more than 60% of the global market share in the blades and razors market.


[User] What is the primary use of Global Business Services within Procter & Gamble?

[Assistant] Global Business Services provides scaled services in technology, process, and data tools to enable the SBUs, the EMs, and CF to better serve consumers and customers. It is responsible for delivering world-class services and solutions that drive value for P&G.


[User] What are the core focus areas for creating consumer delight mentioned by Procter & Gamble?

[Assistant] Procter & Gamble focuses on product performance, packaging, brand communication, retail execution and value to delight consumers.


[User] Which reportable segment experienced a net sales increase in 2023 and by what percentage did this increase?

[Assistant] The Rest of Asia Pacific segment experienced a net sales increase of 1% in 2023.


[User] What primarily caused the year-over-year decrease in Europe net sales in 2023?

[Assistant] The weakness in foreign currencies relative to the U.S. dollar


[User] Which categories primarily saw lower net sales in Greater China in 2023?

[Assistant] Mac and iPhone


[User] How did Rest of Asia Pacific net sales change in 2023 compared to 2022?

[Assistant] They increased by 1% or $240 million


[User] Which product category had the greatest percentage decrease in net sales in 2023 compared to 2022?

[Assistant] Mac


[User] Why did iPhone net sales decrease in 2023 compared to 2022?

[Assistant] Due to lower net sales of non-Pro iPhone models, partially offset by higher net sales of Pro iPhone models


[User] Which product categories saw a net sales decrease in the category of Wearables, Home, and Accessories in 2023 compared to 2022?

[Assistant] Wearables and Accessories


[User] What was the percentage increase in Services net sales from 2022 to 2023?

[Assistant] 9%


[User] How did the total gross margin for Apple Inc. change from 2022 to 2023?

[Assistant] It decreased from $170,782 million in 2022 to $169,148 million in 2023.


[User] What was the gross margin for products in 2023?

[Assistant] $108,803 million


[User] What are the main factors that influence the timing and cost of the company's inventory purchases?

[Assistant] The main factors influencing the timing and cost of the company's inventory purchases include revenue growth, assortment and purchasing decisions, product costs including freight and duty, and the availability of production capacity and speed.


[User] What is the value of the one-time transition tax payable by the company?

[Assistant] The one-time transition tax payable by the company totals $28,555 in thousands.


[User] How much is the company's obligations for non-cancellable operating leases for minimum rent payments throughout the future fiscal years as of January 28, 2024?

[Assistant] The company's obligations for non-cancellable operating leases amount to a total of $1,645,318 in thousands for future minimum rent payments, distributed across various years from 2024 through "Thereafter" periods.


[User] What is the status of the company's inventory as of January 28, 2024, in terms of its valuation and provisions for obsolescence?

[Assistant] As of January 28, 2024, the company's inventory is valued at $1.3 billion at the lower of cost and net realizable value, and provisions for obsolescence and damaged goods are included which totals $139.7 million.


[User] What is the main functional currency of the international subsidiaries mentioned in the text?

[Assistant] The main functional currency of the international subsidiaries is generally the applicable local currency of each subsidiary.


[User] What impact did fluctuations in the U.S. dollar have on the company's financial reporting in 2023 compared to 2022?

[Assistant] Fluctuations in the value of the U.S. dollar resulted in the company's revenue being $89.8 million lower in 2023 compared to 2022.


[User] How are foreign currency exchange differences recorded in the financial statements of the company?

[Assistant] Foreign currency exchange differences are recorded as other comprehensive income (loss), net of tax in accumulated other comprehensive income (loss) within stockholders' equity.


[User] What was the impact of translation on other comprehensive loss for the Canadian subsidiaries in the reporting period?

[Assistant] The translation of the Canadian subsidiaries caused an increase in the other comprehensive loss of $9.0 million, including net investment hedge gains.


[User] What mechanisms does the company use to hedge foreign currency exposure for its Canadian subsidiary?

[Assistant] The company uses forward currency contracts to hedge a portion of the foreign currency exposure associated with the translation of its net investment in the Canadian subsidiary.


[User] What was the net fair value of the company's outstanding derivatives as of January 28, 2024?

[Assistant] As of January 28, 2024, the net fair value of the company's outstanding derivatives was a liability of $2.2 million.


[User] Which year's Proxy Statement includes information regarding executive compensation?

[Assistant] The 2023 Proxy Statement includes information regarding executive compensation.


[User] Where can information regarding the ownership of NVIDIA securities be found?

[Assistant] Information regarding the ownership of NVIDIA securities can be found in the 2023 Proxy Statement under the caption "Security Ownership of Certain Beneficial Owners and Management".


[User] What document contains details about NVIDIA's equity compensation plans?

[Assistant] Details about NVIDIA's equity compensation plans are contained in the 2023 Proxy Statement under the caption "Equity Compensation Plan Information."


[User] What types of products does the Company design, manufacture, and market?

[Assistant] The Company designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories.


[User] When does the Company's fiscal year end?

[Assistant] The Company's fiscal year ends on the last Saturday of September.


[User] What operating system is used for the Company's iPhone line?

[Assistant] The Company's iPhone line uses the iOS operating system.


[User] Name the two laptop models included in the Company's Mac line.

[Assistant] The two laptop models included in the Company's Mac line are MacBook Air and MacBook Pro.


[User] What wearable products and related operating system does the Company offer?

[Assistant] The Company offers Apple Watch Ultra 2, Apple Watch Series 9, and Apple Watch SE based on its watchOS operating system.


[User] What are the home products mentioned in the text?

[Assistant] The home products mentioned are Apple TV, HomePod, and HomePod mini.


[User] What kind of products are offered under the AppleCare brand?

[Assistant] AppleCare offers fee-based service and support products including priority access to technical support, repair and replacement services, and additional coverage for accidental damage or theft and loss, depending on the country and product type.


[User] What types of legal issues is the company currently involved in?

[Assistant] The company is involved in legal proceedings, claims, and government investigations related to regulatory, commercial, intellectual property, competition, tax, employment, pricing, discrimination, consumer rights, personal injury, and property rights issues.


[User] What potential consequences could the company face due to these legal proceedings?

[Assistant] The company could be subject to monetary damage awards, fines, penalties, or injunctive orders.


[User] How could the outcome of these legal matters affect the company's overall performance?

[Assistant] The outcome of these legal proceedings, claims, and government investigations could materially adversely affect the business, results of operations, and financial condition of the company.


[User] Are the outcomes of these legal issues predictable?

[Assistant] No, the outcomes of legal proceedings, claims, and government investigations are inherently unpredictable.


[User] What is stated in Item 6 of the document?

[Assistant] Item 6 is reserved.


[User] What did the company use to increase its net income in 2023?

[Assistant] The company increased its net income in 2023 through revenue growth, increased interest income, managing its cost structure well, and the release of a portion of its valuation allowance on deferred tax assets.


[User] How much did the company's net cash from operating activities increase in 2023 compared to the previous year?

[Assistant] The company's net cash provided by operating activities increased by $500 million in 2023, rising from $3.4 billion in the previous year to $3.9 billion.


[User] How has the end of the COVID-19 global health emergency been declared?

[Assistant] In May 2023, the World Health Organization formally declared an end to the COVID-19 global health emergency.


[User] What were the key business metrics tracked by the company in 2023?

[Assistant] The key business metrics tracked were Nights and Experiences Booked and Gross Booking Value.


[User] What was the percentage increase in Nights and Experiences Booked from 2022 to 2023?

[Assistant] Nights and Experiences Booked increased by 14% from 2022 to 2023.


[User] How did the diluted EPS change for Procter & Gamble and what factors contributed to this change?

[Assistant] Diluted EPS increased by $0.09, or 2%, to $5.90 as the decrease in net earnings was more than fully offset by a reduction in shares outstanding.


[User] What was the net sales growth for the Beauty segment at Procter & Gamble in 2023?

[Assistant] The net sales for the Beauty segment at Procter & Gamble increased by 2% in 2023.


[User] What drove the decline in global market share of the fabric care category?

[Assistant] The decline in global market share of the fabric care category was driven by declines in unit volume in Europe, North America, and Greater China.


[User] What factors contributed to the increase in net earnings for Fabric & Home Care in 2023?

[Assistant] The increase in net earnings for Fabric & Home Care was due to the increase in net sales and a 110 basis-point increase in net earnings margin.


[User] What was the impact of increased pricing on the Home Care net sales?

[Assistant] Increased pricing had a positive impact on Home Care net sales.


[User] What caused the 4% decrease in unit volume for Fabric & Home Care in 2023?

[Assistant] The 4% decrease in unit volume for Fabric & Home Care in 2023 was largely due to unfavorable foreign exchange and a decline in sales volume.


[User] What led to the increase in net earnings for Feminine Care in 2023?

[Assistant] The increase in net earnings for Feminine Care was driven by higher pricing across all regions and favorable product and geographic mix.


[User] What factors were responsible for the unchanged global market share in the oral care category?

[Assistant] The global market share in the oral care category remained unchanged, largely due to steady sales and competitive factors within the market.


[User] What was the range of before tax restructuring costs incurred by the company in fiscal 2023?

[Assistant] The company incurred before tax restructuring costs within the range of $250 million to $500 million in fiscal 2023.


[User] What portion of the restructuring charges incurred in fiscal 2023 are expected to be settled with cash?

[Assistant] Approximately 87% of the restructuring charges incurred in fiscal 2023 are expected to be settled with cash.


[User] What impact will the change in accounting estimate regarding depreciation have on the fiscal year 2024 operating income?

[Assistant] The change in the accounting estimate is estimated to increase the fiscal year 2024 operating income by $133 million.


[User] What will be recognized as income tax benefits if the realization of deferred tax assets becomes more-likely-than-not?

[Assistant] Deferred tax assets will be recognized as income tax benefits if their realization becomes more-likely-than-not.


[User] What was the company's policy regarding interest and penalties related to unrecognized tax benefits?

[Assistant] The company's policy was to include interest and penalties related to unrecognized tax benefits as a component of income tax expense.


[User] What was the percentage change in Compute & Networking revenue from fiscal year 2022 to 2023?

[Assistant] The revenue for Compute & Networking increased by 36% from fiscal year 2022 to 2023.


[User] What caused the decrease in Graphics revenue in fiscal year 2023 compared to 2022?

[Assistant] The decrease in Graphics revenue in fiscal year 2023 compared to 2022 was primarily due to lower sell-in to partners to help reduce channel inventory levels, influenced by global macro-economic conditions and COVID-19 related disruptions in China affecting gaming demand.


[User] How much did the Compute & Networking segment's gross margin decrease in fiscal year 2023?

[Assistant] The gross margin of the Compute & Networking segment decreased during fiscal year 2023, primarily because of inventory provisions.


[User] What was the primary cause for the increase in research and development expense in fiscal year 2023?

[Assistant] The increase was primarily due to increased compensation, employee growth, engineering development costs, and data center infrastructure.


[User] What was the major factor contributing to the increase in sales, general, and administrative expense in fiscal year 2023?

[Assistant] The increase was mainly driven by increased compensation and employee growth.


[User] How did the interest income change in fiscal year 2023 compared to the previous year?

[Assistant] The interest income increased by 821% in fiscal year 2023 compared to the previous year.


[User] What factors influenced the decrease in the effective tax rate for fiscal year 2023?

[Assistant] The decrease was primarily due to increased tax benefits of the FDII deduction, stock-based compensation, and the U.S. federal research tax credit, relative to lower profitability. It was partially offset by an increase in the proportion of earnings subject to U.S. tax and the one-time benefits of the Domestication.


[User] What comprehensive solutions does the company provide for the AI market?

[Assistant] The company provides a complete, end-to-end accelerated computing platform for deep learning and machine learning, which includes GPUs, interconnects, systems, CUDA programming language, algorithms, libraries, and other software.


[User] How does the company advance autonomous vehicle technology?

[Assistant] The company provides a fully functional safety AI-based hardware and software solution under the DRIVE brand, targeting the autonomous vehicle market through partnerships with OEMs, tier-1 suppliers, and startups.


[User] What specific features are used to enhance the consumer experience in computer graphics according to the company?

[Assistant] The company uses its GeForce Experience to optimize gamer settings, enable gameplay recording and sharing, and its Studio drivers to accelerate popular creative applications. Additionally, the Omniverse software facilitates real-time 3D design collaboration and virtual world simulation.


[User] How does the company's sales and marketing strategy support its technology distribution?

[Assistant] The global sales and marketing teams work closely with end customers and various industry ecosystems through a partner network that includes OEMs, ODMs, system builders, add-in board manufacturers, and other ecosystem participants, contributing to rapid market entry, high customer satisfaction, and strong relationships.


[User] What is the primary role of NVIDIA's partner network in system design?

[Assistant] NVIDIA's partner network is primarily involved in designing, testing, and qualifying system designs that incorporate NVIDIA's platforms.


[User] How does NVIDIA's product revenue typically vary throughout the year?

[Assistant] NVIDIA's product revenue typically sees stronger sales in the second half of the fiscal year, with particular strength in the second and third quarters for certain products like those for notebooks and game consoles, and weaker in the fourth and first quarters.


[User] What manufacturing strategy does NVIDIA employ for its products?

[Assistant] NVIDIA employs a fabless manufacturing strategy, relying on key suppliers for all phases of the manufacturing process including wafer fabrication, assembly, testing, and packaging.


[User] Who are NVIDIA's primary suppliers for semiconductor wafer production?

[Assistant] NVIDIA's primary suppliers for semiconductor wafer production are Taiwan Semiconductor Manufacturing Company Limited and Samsung Electronics Co. Ltd.


[User] What are the principal competitive factors in the market for the company's products?

[Assistant] The principal competitive factors include performance, breadth of product offerings, access to customers and partners and distribution channels, software support, conformity to industry standard APIs, manufacturing capabilities, processor pricing, and total system costs.


[User] How does the text describe the changes expected in the competitive environment of the company?

[Assistant] The text suggests that competition will increase due to existing competitors and new market entrants that may offer lower priced or better performing products with additional features.


[User] What determines the adequate level of protection for personal data transfers from the EU to the U.S. according to the adequacy decision?

[Assistant] The adequacy decision concludes that personal data transferred from the European Union to organizations in the United States that are included in the "Data Privacy Framework List" ensures an adequate level of protection.


[User] What legal action did the State of Texas initiate against Meta Platforms, Inc. on February 14, 2022?

[Assistant] The State of Texas filed a lawsuit against Meta Platforms, Inc. in Texas state court alleging that "tag suggestions" and other uses of facial recognition technology violated the Texas Capture or Use of Biometric Identifiers Act and the Texas Deceptive Trade Practices-Consumer Protection Act.


[User] What did the German Federal Cartel Office allege against Meta Platforms, Inc. on February 6, 2019?

[Assistant] The German Federal Cartel Office issued an antitrust injunction order claiming that Meta Platforms' terms and policies on data sharing across its apps, and collection from third-party websites via its business tools, breached European data protection principles and German competition law.


[User] When did the FTC file a complaint against Meta Platforms, Inc. in the District Court for the District of Columbia, and what were the allegations?

[Assistant] On December 9, 2020, the FTC filed a complaint against Meta Platforms, Inc. alleging that the company engaged in anticompetitive conduct and unfair methods of competition in violation of Section 5 of the Federal Trade Commission Act and Section 2 of the Sherman Act, including by acquiring Instagram in 2012 and WhatsApp in 2014.


[User] What are some of the potential consequences for Meta Platforms, Inc. from inquiries or investigations as noted in the provided text?

[Assistant] Potential consequences for Meta Platforms include being subjected to substantial fines and costs, required changes to business practices, diversion of resources, and management attention from business operations, or adverse effects on the business.


[User] What financial measures are presented on a non-GAAP basis in this Annual Report on Form 10-K?

[Assistant] The non-GAAP financial measures presented are revenue on a constant currency basis and free cash flow.


[User] How is revenue on a constant currency basis calculated for the year 2023?

[Assistant] Revenue on a constant currency basis for 2023 is calculated by translating the full year's revenue using the 2022 monthly exchange rates for settlement or billing currencies other than the U.S. dollar.


[User] What major restructuring activities were completed by the end of 2023?

[Assistant] By the end of 2023, the company completed data center initiatives, employee layoffs, and substantially all facilities consolidation initiatives.


[User] What led to the increase in the Family of Apps income from operations in 2023 compared to 2022?

[Assistant] The income from operations for the Family of Apps in 2023 increased due to a rise in advertising revenue.


[User] What is the expected impact on advertising revenue due to limitations on ad targeting and measurement tools?

[Assistant] The advertising revenue is expected to be adversely affected due to reduced marketer spending resulting from limitations on ad targeting and measurement tools.


[User] How is sales per square foot calculated according to the text?

[Assistant] Sales per square foot is calculated by dividing the total net revenue from all company-operated stores by the average ending square footage of the stores for each period during the year.


[User] What does the term 'constant dollar changes' in finance signify as explained in the text?

[Assistant] Constant dollar changes in finance refer to adjustments made in financial calculations to exclude the impact of changes in foreign currency exchange rates, thus reflecting the underlying growth rate of net revenue.


[User] What was the provision for lululemon Studio obsolescence listed in the financial data?

[Assistant] The provision for lululemon Studio obsolescence was 23,709.


[User] How much did restructuring costs amount to in the financial statement?

[Assistant] The restructuring costs amounted to 30,315.


[User] What was the total cash flow from operating activities in 2023 as stated in the summary?

[Assistant] The total cash flow from operating activities in 2023 was 2,296,164.


[User] What was the dilutive earnings per share reported for 2022 under GAAP results?

[Assistant] The dilutive earnings per share reported under GAAP results for 2022 was $6.68.


[User] What was the net income reported for 2022 under GAAP results?

[Assistant] The net income reported under GAAP results for 2022 was 854,800.


[User] 'What was the impact of Tax effects on lululemon Studio charges in 2021'?

[Assistant] The tax effects on lululemon Studio charges resulted in a decrease of 28,171.


[User] What is the current outstanding amount on the company's Americas credit facility as of January 28, 2024?

[Assistant] As of January 28, 2024, the company had no borrowings outstanding, aside from letters of credit totaling $6.3 million, under their Americas credit facility.


[User] How much did the company's inventory decrease in percentage terms compared to the previous year?

[Assistant] The company's inventory balance decreased by 9% compared to the previous year.


[User] What percentage of consolidated net sales and earnings did the Ukraine business contribute in the fiscal year ended June 30, 2023?

[Assistant] The Ukraine business contributed less than 1% to both consolidated net sales and consolidated net earnings in the fiscal year ended June 30, 2023.


[User] What are the potential future risks of the Russia-Ukraine war as mentioned in the text?

[Assistant] The potential future risks of the Russia-Ukraine war include physical damage and destruction of manufacturing facilities in Ukraine, inability to operate manufacturing sites, source raw materials, or ship finished products, and operational issues in Russia due to sanctions, currency controls, and transportation challenges.


[User] What factors primarily influenced changes in SG&A as a percentage of net sales?

[Assistant] Changes in SG&A as a percentage of net sales were primarily influenced by overhead and marketing cost savings, reinvestments, inflation, foreign exchange fluctuations, and scale impacts.


[User] How were overhead costs affected in the fiscal year, according to the text?

[Assistant] Overhead costs as a percentage of net sales increased by 40 basis points due to wage inflation and other cost increases, partially offset by the positive scale impacts of the net sales increase and productivity savings.


[User] What contributed to the increase in gross margin in the recent fiscal year?

[Assistant] The increase in gross margin was contributed by higher pricing, manufacturing productivity savings, and partially offset by increased commodity and input material costs, among other factors.


[User] What factors contributed to the 50 basis-point increase mentioned in the text?

[Assistant] The 50 basis-point increase was due to discrete impacts related to uncertain tax positions.


[User] What caused the 40 basis-point increase as described in the text?

[Assistant] The 40 basis-point increase was primarily due to lower current year deductions for foreign-derived intangible income compared to the previous year.


[User] By how much did Procter & Gamble's operating income increase in dollar terms?

[Assistant] Procter & Gamble's operating income increased by $321 million.


[User] What was the change in net earnings for Procter & Gamble and what factors influenced it?

[Assistant] Net earnings for Procter & Gamble declined modestly by $55 million to $14.7 billion, influenced by an increase in earnings before income taxes which was more than offset by the increase in the effective income tax rate.


[User] What impact did foreign exchange rates have on Procter & Gamble's net earnings?

[Assistant] Foreign exchange impacts reduced Procter & Gamble's net earnings by approximately $1.4 billion due to a weakening of certain currencies against the U.S. dollar.


[User] What significant changes did the company announce on July 12, 2022, regarding their manufacturing operations?

[Assistant] On July 12, 2022, the company announced that they are exiting all owned-manufacturing operations and expanding their current relationship with Taiwanese manufacturer, Rexon Industrial Corp.


[User] What were the total charges related to the Restructuring Plan for the fiscal year ended June 30, 2023?

[Assistant] The total charges related to the Restructuring Plan were $332.4 million for the fiscal year ended June 30, 2023.


[User] What is the definition of a 'Connected Fitness Subscription' according to the company?

[Assistant] A 'Connected Fitness Subscription' is defined by the company as a person, household, or commercial property, such as a hotel or residential building, who has either paid for a subscription to a Connected Fitness Product with a successful credit card billing or with prepaid subscription credits or waivers, or who has paused their subscription for up to three months.


[User] Why are paused Connected Fitness Subscriptions excluded from the Ending Paid Connected Fitness Subscription count as of fiscal year 2024?

[Assistant] Starting in fiscal year 2024, paused Connected Fitness Subscriptions are excluded from the Ending Paid Connected Fitness Subscription count because there is no payment received on a paused subscription during its pause period.


[User] How does the company calculate the Average Net Monthly Connected Fitness Churn?

[Assistant] The company calculates the Average Net Monthly Connected Fitness Churn by taking the number of Connected Fitness Subscription cancellations, net of reactivations, within the quarter, and dividing it by the average number of beginning Connected Fitness Subscriptions in each month, further divided by three months.


[User] What changes are planned for the company's reporting metrics starting in fiscal year 202es and how does this affect the treatment of paused subscriptions?

[Assistant] Beginning in fiscal year 2024, the company plans to exclude paused Connected Fitness subscriptions from its new 'Ending Paid Connected Fitness Subscriptions' metric and will treat a pause action as a churn event in its 'Average Net Monthly Paid Connected Fitness Subscription Churn' metric.


[User] What led to the significant increase in the number of paused Connected Fitness Subscriptions as of June 30, 2023?

[Assistant] The significant increase in the number of paused Connected Fitness Subscriptions as of June 30, 2023, was largely attributed to our seat post recall announced on May 11, 2023, as some members chose to pause their subscriptions while awaiting the delivery of their replacement seat post.


[User] What is the monthly cost of a Connected Fitness Subscription if it includes a combination of a Bike, Tread, Guide, or Row product in the same household as of June 2022?

[Assistant] The monthly cost of a Connected Fitness Subscription that includes a combination of a Bike, Tread, Guide, or Row product in the same household increased to $44 USD in June 2022.


[User] As of June 30, 2023, what percentage of Connected Fitness Subscription bases were paying month to month?

[Assistant] As of June 30, 2023, 99% of Connected Fitness Subscription bases were paying month to month.


[User] What are the components of cost of revenue for a Connected Fitness Subscriptions subscription?

[Assistant] The cost of revenue for a Connected Fitness Subscriptions subscription includes costs associated with content creation and costs to stream content to members, which consist of both fixed and variable costs such as studio rent, instructor expenses, music royalty fees, and payment processing fees.


[User] What did Masimo seek in its complaint regarding Apple Watch models?

[Assistant] Masimo sought a permanent exclusion order prohibiting importation to the United States of certain Apple Watch models that include blood oxygen sensing functionality.


[User] What did the ITC do on October 26, 2023, related to Apple Watch models with blood oxygen sensing functionality?

[Assistant] The ITC entered a limited exclusion order prohibiting importation and sales in the United States of Apple Watch models with blood oxygen sensing functionality, which includes Apple Watch Series 9 and Ultra 2.


[User] What is the Company’s plan following the ITC's order regarding Apple Watch models?

[Assistant] The Company intends to appeal the ITC Order and seek a stay pending the appeal.


[User] Which consolidated financial statements should be read in conjunction with the discussion in Item 7?

[Assistant] The consolidated financial statements and accompanying notes included in Part II, Item 8 of this Form 10-K.


[User] What were the Company's total net sales and net income during 2023?

[Assistant] The Company's total net sales were $383.3 billion and net income was $97.0 billion during 2023.


[User] What were some significant announcements made by the Company in the first quarter of 2023?

[Assistant] Significant announcements in the first quarter of 2023 included iPad and iPad Pro, Next-generation Apple TV 4K, and MLS Season Pass, a Major League Soccer subscription streaming service.


[User] Which operating systems received updates in the third quarter of 2023?

[Assistant] In the third quarter of 2023, updates were made to iOS 17, macOS Sonoma, iPadOS 17, tvOS 17, and watchOS 10.


[User] When did the Company announce a new share repurchase program and raise its quarterly dividend?

[Assistant] In May 2023, the Company announced a new share repurchase program of up to $90 billion and raised its quarterly dividend from $0.23 to $0.24 per share.


[User] How might macroeconomic conditions impact the Company's results of operations and financial condition?

[Assistant] Macroeconomic conditions, including inflation, changes in interest rates, and currency fluctuations, have directly and indirectly impacted, and could in the future materially impact, the Company’s results of operations and financial condition.


[User] What was the percentage change in Americas net sales during 2023 compared to 2022?

[Assistant] Americas net sales decreased 4% during 2023 compared to 2022.


[User] What strategies does Peloton employ to market its products and services?

[Assistant] Peloton uses a combination of brand and product specific performance marketing to build brand awareness, generate sales of Connected Fitness Products, and drive App subscriptions. Additionally, Peloton employs diversified marketing channel mixes following brand relaunches.


[User] How has Peloton adapted its manufacturing strategy as of July 2022?

[Assistant] As of July 2022, Peloton shifted from in-house manufacturing to utilizing third-party manufacturing partners for all of its products.


[User] What actions has Peloton taken to protect its intellectual property?

[Assistant] Peloton relies on a combination of patents, trademarks, trade secrets, copyrights, and confidentiality agreements to protect its intellectual property, including entering into confidentiality and invention assignment agreements with employees and consultants.


[User] What are the main competitive advantages that Peloton claims in the fitness and wellness market?

[Assistant] Peloton's competitive advantages include its first-mover status, leading market position, brand recognition, integrated platform, superior offering value, content, technology, and community engagement.


[User] How does Peloton manage diversity, equity, and inclusion within its organization?

[Assistant] Peloton fosters a culture of inclusion by creating safe environments for team members and has commitments such as the Peloton Pledge to combat systemic racial inequities.


[User] What is the nature of the involvement in legal proceedings described?

[Assistant] The involvement in legal proceedings described pertains to claims and proceedings that arise in the ordinary course of business.


[User] How is the outcome of the described legal proceedings characterized?

[Assistant] The outcome of described legal proceedings is characterized as inherently uncertain.


[User] What does Note 13 in the Annual Report on Form 10-K discuss?

[Assistant] Note 13 in the Annual Report on Form 10-K discusses legal and other proceedings in which the entity is involved.


[User] How frequent is the occurrence of claims and proceedings for the company?

[Assistant] The occurrence of claims and proceedings for the company happens from time to time.


[User] What does the company report in Item 8, Part II of its Annual Report on Form 10-K?

[Assistant] In Item 8, Part II of its Annual Report on Form 10-K, the company reports on commitments and contingencies including legal proceedings.


[User] Which act requires U.S. automobile manufacturers to disclose certain pricing and equipment information?

[Assistant] The U.S. Automobile Information and Disclosure Act


[User] What U.S. regulations govern the transport of lithium-ion batteries in vehicles and energy storage products?

[Assistant] Regulations on "dangerous goods" which include lithium-ion batteries


[User] Which markets provide a regulatory framework that inhibit the design of advanced driver-assistance or self-driving features?

[Assistant] ECE markets


[User] What challenges do solar and battery storage providers face in some U.S. states and jurisdictions?

[Assistant] Regulatory challenges to sales of electricity and non-sale equipment leases such as leases and PPAs


[User] Which markets feature electric vehicles from major automobile manufacturers including those from the U.S., China, and Europe?

[Assistant] Major markets including the U.S., China, and Europe feature electric vehicles from major automobile manufacturers.


[User] What types of hybrid vehicles are offered by several manufacturers?

[Assistant] Several manufacturers offer hybrid vehicles, including plug-in versions.


[User] What strategies does the company plan to use to compete in the market for delivering self-driving technologies and other features?

[Assistant] The company plans to compete by making progress on Autopilot, FSD, neural network capabilities, expanding the Supercharger network, and enhancing infotainment offerings.


[User] Who are the primary competitors to the company's solar energy business?

[Assistant] The primary competitors to the company's solar energy business are traditional local utility companies.


[User] How does the company compete with traditional utility companies in the solar energy market?

[Assistant] The company competes with traditional utility companies primarily based on price and the ease by customers can switch to electricity generated by solar energy systems.


[User] What makes the company's energy storage products competitive in the market?

[Assistant] The company's energy storage products are competitive due to their price, energy density, efficiency, strong brand, and the modular, scalable nature of the products.


[User] How is Adjusted Free Cash Flow defined in the text?

[Assistant] Adjusted Free Cash Flow is defined as operating cash flow less capital spending and excluding payments for the transitional tax resulting from the U.S. Tax Act.


[User] What financial instruments does the company use to manage commodity price exposure?

[Assistant] The company uses futures, options, and swap contracts to manage commodity price exposure.


[User] What is the primary responsibility of management according to The Procter & Gamble Company's report on internal control over financial reporting?

[Assistant] Management is responsible for establishing and maintaining adequate internal control over financial reporting.


[User] What criteria was used to audit the internal control over financial reporting of The Procter & Gamble Company as of June 30, 2023?

[Assistant] The criteria used to audit the internal control over financial reporting of The Procter & Gamble Company as of June 30, 2023, were established in the Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).


[User] How many shares of common stock were issued in both 2022 and 2023?

[Assistant] 4,009.2 thousand shares


[User] What accounting principle requires Procter & Gamble to make estimates and assumptions in their financial statements?

[Assistant] U.S. GAAP


[User] What method is used to record property, plant, and equipment on the financial statements?

[Assistant] Property, plant, and equipment is recorded at cost reduced by accumulated depreciation.


[User] What is the total restructuring charge incurred by Procter & Gamble for the fiscal year ended June 30, 2023?

[Assistant] Procter & Gamble incurred a total restructuring charge of $329 million for the fiscal year ended June 30, 2023.


[User] How much did the United States generate in earnings before income taxes in fiscal year 2023?

[Assistant] The United States generated $12,107 million in earnings before income taxes in fiscal year 2023.


[User] How much did Procter & Gamble's tax benefits credited to shareholders' equity total for the fiscal year ended June 30, 2023?

[Assistant] Tax benefits credited to shareholders' equity totaled $190 for the fiscal year ended June 30, 2023.


[User] What is the threshold potential civil penalty mentioned in the item for disclosure under Item 103 of Regulation S-K?

[Assistant] The threshold for potential civil penalties mentioned for disclosure under Item 103 of Regulation S-K is $1 million.


[User] What was investigated by district attorneys in certain California counties regarding Tesla?

[Assistant] District attorneys in certain California counties investigated Tesla's waste segregation practices.


[User] What remedial measures has Tesla implemented in response to the investigation of its waste segregation practices?

[Assistant] Tesla has implemented various remedial measures including conducting training and audits, and enhancements to its site waste management programs.


[User] Are the settlement discussions regarding Tesla's waste segregation practices concluded?

[Assistant] No, the settlement discussions regarding Tesla's waste segregation practices are ongoing.


[User] Is the outcome of the investigation into Tesla's waste segregation practices currently determinable?

[Assistant] No, the outcome of the investigation into Tesla's waste segregation practices cannot be determined at this time.


[User] What is the expected impact of the investigation into Tesla's waste segregation practices on its business?

[Assistant] The investigation into Tesla's waste segregation practices is not expected to have a material adverse impact on Tesla's business.


[User] Does the investigation into Tesla's waste segregation practices relate to environmental regulations?

[Assistant] Yes, the investigation into Tesla's waste segregation practices relates to environmental regulations.


[User] What information is provided under ITEM 6 in the text?

[Assistant] ITEM 6 is reserved, meaning no information is provided under this section.


[User] What was the net income attributable to common stockholders in 2023?

[Assistant] The net income attributable to common stockholders in 2023 was $15.00 billion.


[User] What is the purpose of the Management's Discussion and Analysis of Financial Condition and Results of Operations section in the Annual Report on Form 10-K?

[Assistant] The purpose of the Management's Discussion and Analysis of Financial Condition and Results of Operations section in the Annual Report on Form 10-K is to provide a detailed overview and analysis of the company's financial condition and operational results.


[User] What was the increase in Berkshire Hathaway Reinsurance Group's underwriting expenses from 2022 to 2023?

[Assistant] Underwriting expenses increased by $2.5 billion in 2023 compared to 2022.


[User] How much did the premiums written decrease in 2022 compared to 2021?

[Assistant] Premiums written declined by $436 million in 2022 compared to 2021.


[User] What was the total amount of float at Berkshire Hathaway as of December 31, 2023?

[Assistant] The total amount of float at Berkshire Hathaway as of December 31, 2023 was approximately $169 billion.


[User] What was the percentage decline in railroad operating revenues for BNSF in 2023 compared to 2022?

[Assistant] The railroad operating revenues for BNSF declined by 6.9% in 2023 compared to 2022.


[User] What was the decrease in pre-tax earnings for BNSF in 2022 compared to 2021?

[Assistant] Pre-tax earnings for BNSF decreased by 1.9% in 2022 compared to 2021.


[User] How much did the operating revenues from agricultural products increase in 2022 compared to 2021?

[Assistant] Operating revenues from agricultural products increased by 12.6% in 2022 compared to 2021.


[User] What factors contributed to the 21.7% increase in operating revenues from coal in 2022?

[Assistant] The 21.7% increase in operating revenues from coal in 2022 was attributable to higher average revenue per car/unit.


[User] What were the reasons for the decline in after-tax earnings of other energy businesses in 2023?

[Assistant] The decline in after-tax earnings of other energy businesses in 2023 was due to lower earnings at Northern Powergrid resulting from unfavorable results at a natural gas exploration project, which included the write-off of capitalized exploration costs and lower gas production volumes and prices. Additionally, higher deferred income tax expenses related to the enactment of the Energy Profits Levy income tax in the United Kingdom and lower earnings from renewable energy and retail services businesses contributed to the decline.


[User] How much did the after-tax earnings of the real estate brokerage decrease in 2023, and what were the primary factors for this decrease?

[Assistant] The after-tax earnings of the real estate brokerage decreased by $87 million, or 87.0%, in 2023. The primary factors for this decrease were lower brokerage services revenues and margins, mainly due to a 19% reduction in closed brokerage transaction volumes, as well as lower mortgage services revenues and margins due to a 28% decrease in closed transaction volumes. These declines were influenced by rising interest rates and lower existing home sales.


[User] What contributed to the $233 million increase in after-tax earnings of natural gas pipelines in 2022?

[Assistant] The $233 million increase in after-tax earnings of natural gas pipelines in 2022 was primarily derived from BHE GT&S. It was largely due to higher regulated storage and service revenues from a general rate case settlement and increased revenues and margins from non-regulated activities, as well as income tax adjustments.


[User] How does Apple encourage communication among team members, managers, and leaders?

[Assistant] Apple encourages open and honest communication among team members, managers, and leaders by promoting an environment where everyone can contribute, grow, and succeed.


[User] What safety measures does Apple implement to protect its team members in the workplace?

[Assistant] Apple identifies potential workplace risks and develops measures to mitigate possible hazards, supports employees with general safety, security, and crisis management training, and has specific programs for high-hazard environments.


[User] Where can information about Apple’s financial performance and annual meeting of shareholders be accessed?

[Assistant] Information about Apple's financial performance and annual meeting of shareholders can be accessed at the company's corporate website and its investor relations website.


[User] Which company filed a lawsuit against Apple alleging violations of federal and state antitrust laws and California's unfair competition law?

[Assistant] Epic Games, Inc. filed the lawsuit against Apple.


[User] What did the District Court rule on September 10, 2021, regarding the lawsuit filed by Epic Games?

[Assistant] The District Court ruled in favor of Apple with respect to nine out of the ten counts included in Epic’s claim.


[User] What did the District Court issue against Apple regarding its App Store Review Guidelines?

[Assistant] The District Court issued an injunction enjoining Apple from prohibiting developers from including external links in their apps that direct customers to purchasing mechanisms other than Apple in-app purchasing.


[User] When did the U.S. Court of Appeals for the Ninth Circuit affirm the District Court's ruling?

[Assistant] The U.S. Court of Appeals for the Ninth Circuit affirmed the District Court’s ruling on April 24, 2023.


[User] When did the Circuit Court deny the petitions filed by Apple and Epic for further review of the decision?

[Assistant] The Circuit Court denied both petitions on June 30, 2023.


[User] What action did the Circuit Court take on July 17, 2023, regarding Apple's motion?

[Assistant] The Circuit Court granted Apple’s motion to stay enforcement of the injunction pending appeal to the U.S. Supreme Court.


[User] What did Masimo allege in its complaint before the U.S. International Trade Commission?

[Assistant] Masimo alleged that Apple infringed on five patents related to the functionality of the blood oxygen feature in Apple Watch Series 6 and 7.


[User] How are assets and liabilities that are measured at fair value on a nonrecurring basis identified in the financial statements?

[Assistant] Assets and liabilities that are recognized or disclosed at fair value on a nonrecurring basis in the consolidated financial statements include property, plant and equipment, ROU assets, goodwill and other intangible assets, equity and other investments, and other assets. These are measured at fair value if determined to be impaired.


[User] What is the total estimated future amortization expense for finite-lived intangible assets as of October 1, 2023?

[Assistant] The total estimated future amortization expense for finite-lived intangible assets as of October 1, 2023, is $41.1 million.


[User] What was the amount for the stored value cards and loyalty program balance as of October 1, 2023?

[Assistant] The stored value cards and loyalty program balance as of October 1, 2023 was $1,567.5 million.


[User] What was the effective tax rate reported for the fiscal year ended October 2, 2022?

[Assistant] The effective tax rate reported for the fiscal year ended October 2, 2022 was 22.4%.


[User] What percentage of total revenue was attributed to beverage sales in the fiscal year ended October 1, 2023?

[Assistant] 60%


[User] What conditions must be met for a company to not accrue additional taxes under ASC 740 when it comes to the reinvestment of foreign earnings?

[Assistant] Under ASC 740, a company may not accrue additional taxes on foreign earnings if there is sufficient evidence that the foreign subsidiary has invested or will invest the undistributed earnings indefinitely, thereby overcoming the presumption that investments in foreign subsidiaries will be recovered through sales or distributions to the parent entity.


[User] When was NIKE, Inc. incorporated and under the laws of which state?

[Assistant] NIKE, Inc. was incorporated in 1967 under the laws of the State of Oregon.


[User] What is the principal business activity of NIKE, Inc.?

[Assistant] The principal business activity of NIKE, Inc. is the design, development, and worldwide marketing and selling of athletic footwear, apparel, equipment, accessories, and services.


[User] Where are the majority of NIKE's footwear and apparel products manufactured?

[Assistant] The majority of NIKE's footwear and apparel products are manufactured outside the United States.


[User] What types of products does NIKE offer under its Jordan Brand?

[Assistant] Under its Jordan Brand, NIKE designs, distributes, and licenses athletic and casual footwear, apparel, and accessories, predominantly focused on basketball performance and culture.


[User] What were the primary factors contributing to the increase in Americas net revenue in 2022?

[Assistant] The increase in Americas net revenue in 2022 was primarily due to an increase in comparable sales, which rose by 28% or 29% on a constant dollar basis, and a $296.9 million increase in non-comparable sales, mainly from company-operated stores that were opened or significantly expanded since 2021.


[User] What caused the decrease in the 2022 gross margin compared to 2021?

[Assistant] The decrease in the 2022 gross margin compared to 2021 was primarily due to a provision against hardware inventory, a decrease in product margin, increased costs related to product departments and distribution centers as a percentage of net revenue, and an unfavorable impact of foreign currency exchange rates.


[User] What was the primary reason for the increase in other costs of $15.3 million reported?

[Assistant] The increase in other costs of $15.3 million was primarily due to higher repairs and maintenance costs, depreciation, and technology costs.


[User] How much did the brand and community costs increase by, and what was the main driver of this increase?

[Assistant] The brand and community costs increased by $2.4 million, primarily driven by higher digital marketing expenses related to the e-commerce channel.


[User] What was the financial impact of the impairment of goodwill and other assets related to the lululemon Studio business unit in 2022?

[Assistant] The impairment of goodwill and other long-lived assets related to the lululemon Studio business unit resulted in costs of $407,913 in thousands in 2022.


[User] What were the total acquisition-related expenses recognized in 2021 in connection with the acquisition of MIRROR?

[Assistant] In 2021, the total acquisition-related expenses recognized in connection with the acquisition of MIRROR amounted to $41.394 million.


[User] What were the adjusted effective tax rates for 2022 and 2021 excluding certain adjustments?

[Assistant] The adjusted effective tax rates were 28.1% for 2022 and 26.2% for 2021, excluding the impairment of goodwill and other assets related to the lululemon Studio business unit and the gain on sale of an administrative building in 2022, as well as the MIRROR acquisition-related expenses in 2021.


[User] What was the primary reason for the decrease in net income in 2022?

[Assistant] The primary reason for the decrease in net income in 2022 was an increase in selling, general and administrative expenses.


[User] How does the company define comparable sales?

[Assistant] Comparable sales is defined by the company as including comparable company-operated store and all e-commerce net revenue, but excluding sales from new stores that have not been open for at least 12 full fiscal months, from stores which have not been in their significantly expanded space for at least 12 full fiscal months, from stores which have been temporarily relocated for renovations or temporarily closed, and sales from company-operated stores that have closed.


[User] What factors led to the adjusted net income increase in 2022?

[Assistant] The adjusted net income in 2022 increased due to excluding the impairment of goodwill and other assets related to the lululemon Studio business unit, the gain on sale of an administrative building, and the MIRROR acquisition-related expenses and their tax effects from the financial results.


[User] What was the change in total company comparable sales in 2023?

[Assistant] Total company comparable sales increased by 3% in 2023.


[User] What was the percentage increase in e-commerce sales comparable excluding the impact of changes in foreign-currency and gasoline prices in 2023?

[Assistant] E-commerce sales comparable excluding the impact of changes in foreign-currency and gasoline prices decreased by 5% in 2023.


[User] How did SG&A expenses as a percentage of net sales change in 2023 compared to 2022?

[Assistant] SG&A expenses as a percentage of net sales increased by 20 basis points in 2023 compared to 2022.


[User] What was the main reason for the increase in interest income in 2023?

[Assistant] The increase in interest income in 2023 was due to higher global interest rates and higher average cash and investment balances.


[User] What was the overall impact of foreign currencies on net sales in 2023?

[Assistant] Changes in foreign currencies relative to the U.S. dollar negatively impacted net sales by approximately $3,484 in 2023.


[User] How did lower gasoline prices affect net sales in 2023?

[Assistant] Lower gasoline prices negatively impacted net sales by $1,592 in 2023.


[User] What was the effective tax rate excluding discrete net tax benefits for the year 2022?

[Assistant] The effective tax rate excluding discrete net tax benefits for the year 2022 was 26.2%.


[User] How has the change in foreign exchange rates affected cash and cash equivalents in 2023 and 2021?

[Assistant] In 2023, changes in foreign exchange rates impacted cash and cash equivalents positively by $15, and negatively by $249 in 2022.


[User] What amount did cash dividends declared total per share in 2023?

[Assistant] Cash dividends declared in 2023 totaled $3.84 per share.


[User] How many warehouses were opened in 2023 and what is the plan for 2024?

[Assistant] 26 new warehouses were opened in 2023, and there is a plan to open up to 28 additional new warehouses in 2024.


[User] What new model is the company engaging with regulators on, including compliance with the GDPR?

[Assistant] The company is engaging with regulators on their new consent model, including its compliance with the GDPR.


[User] What does the DMA in the European Union require from companies like the one mentioned in the text?

[Assistant] The DMA imposes new restrictions and requirements on companies, including in areas such as the combination of data across services, mergers and acquisitions, and product design.


[User] What are some of the impacts of the Digital Services Act (DSA) on the company's business as of August 2023?

[Assistant] The DSA imposes certain restrictions and requirements for the company's products and services, increases compliance costs, and includes significant penalties for non-compliance.


[User] What were the results of the pay equity analyses conducted by the company in July 2023?

[Assistant] The pay equity analyses confirmed that the company continues to have pay equity across genders globally and by race in the United States for people in similar jobs.


[User] What was the global gender equity status at Meta in July 2023?

[Assistant] As of July 2023, Meta confirmed that they have pay equity across genders globally.


[User] What benefits does Meta offer through its Life@ Meta program?

[Assistant] Meta offers a wide range of benefits including health, family, finance, community, and time away benefits, as well as family building benefits, family care resources, retirement savings plans, access to legal services, and health and well-being benefits.


[User] How is Meta's workforce comprised in terms of diversity as of December 31, 2022?

[Assistant] As of December 31, 2022, Meta's global employee base consisted of 45.4% underrepresented people, with 47.9% in the U.S., and 43.1% of leaders in the U.S. being people of color.


[User] What percentage of Meta's U.S. workforce in 2023 were represented by people with disabilities, veterans, and members of the LGBTQ+ community?

[Assistant] In 2023, people with disabilities represented 7.2% of Meta's U.S. workforce, veterans accounted for 2.3%, and members of the LGBTQ+ community made up 9.8%.


[User] When and where was Meta Platforms, Inc. incorporated?

[Assistant] Meta Platforms, Inc. was incorporated in Delaware in July 2004.


[User] What is Meta's approach to managing its health and well-being programs?

[Assistant] Meta's health and well-being programs are designed to offer employees a choice of flexible benefits that support their personal well-being goals, focusing on physical and mental health, financial peace of mind, family support, and community building.


[User] What previous roles did John J. Donahoe II hold before becoming President and CEO of NIKE, Inc.?

[Assistant] Before becoming President and CEO of NIKE, Inc., John J. Donahoe II served as President and CEO of ServiceNow, Inc. and of eBay, Inc. He also held leadership roles at Bain & Company for two decades.


[User] When was Craig Williams appointed to NIKE, and what are his primary responsibilities?

[Assistant] Craig Williams was appointed to NIKE in 2019, and he leads NIKE's four geographies and marketplace across the NIKE Direct and wholesale business, as well as the Supply Chain and Logistics organization.


[User] What range of executive positions has Matthew Friend held at NIKE?

[Assistant] Matthew Friend has held several executive positions at NIKE, including Senior Director of Corporate Strategy and Development, Chief Financial Officer of Emerging Markets, Chief Financial Officer of Global Categories, Product and Functions, and Vice President of Investor Relations, culminating in his appointment as Executive Vice President and Chief Financial Officer of NIKE, Inc. in April 2020.


[User] How does NIKE distribute its products globally?

[Assistant] NIKE distributes its products through NIKE Direct operations, wholesale accounts, and a mix of independent distributors, licensees, and sales representatives in nearly all countries around the world.


[User] What strategic approach does NIKE employ to boost its revenue growth?

[Assistant] NIKE aims to achieve long-term revenue growth by creating innovative products, establishing deep connections with consumers via its brands, and offering compelling consumer experiences through digital platforms and retail.


[User] What is the purpose of NIKE's Consumer Direct Acceleration strategy?

[Assistant] The Consumer Direct Acceleration strategy is aimed at creating more premium, consistent, and seamless consumer experiences, primarily focusing on digital channels and owned stores, along with select wholesale partners.


[User] What were the main factors that negatively impacted NIKE's gross margin in fiscal 2023?

[Assistant] The decrease in NIKE's gross margin in fiscal 2023 was primarily due to higher product costs, increased markdowns, and unfavorable foreign currency exchange rates, though some of these impacts were offset by strategic pricing actions.


[User] How is NIKE's return on invested capital (ROIC) calculated, and what was its value as of May 31, 2023?

[Assistant] NIKE's ROIC is calculated by adding net income, interest expense (net), and income tax expense, then dividing by total invested capital. As of May 31, 2023, the ROIC was 31.5%.


[User] What contributed to the growth in NIKE Brand footwear revenues in fiscal 2023?

[Assistant] The growth in NIKE Brand footwear revenues in fiscal 2023 was primarily due to higher revenues in Men's, the Jordan Brand, Women's, and Kids', with an increase in unit sales by 13% and higher average selling price per pair contributing approximately 7 percentage points to the revenue growth.


[User] What led to the increase in other (income) expense, net for NIKE in fiscal 2023 compared to fiscal 2022?

[Assistant] The increase in other (income) expense, net for NIKE in fiscal 2023 compared to fiscal 2022 was primarily due to a net favorable change in foreign currency conversion gains and losses and a one-time charge related to the deconsolidation of NIKE's Russian operations recognized in the prior year.


[User] What is the primary goal of Tesla's existence?

[Assistant] The primary goal of Tesla's existence is to accelerate the world's transition to sustainable energy.


[User] What behaviors are not tolerated according to the company policy?

[Assistant] The company does not tolerate harassment, retaliation, violence, intimidation, and discrimination based on race, color, religion, national origin, gender, sexual orientation, gender identity, gender expression, age, disability, or veteran status.


[User] What is conducted on the first day of new hire orientation?

[Assistant] Anti-harassment training is conducted on the first day of new hire orientation.


[User] What is the purpose of the leadership development programs mentioned in the text?

[Assistant] The leadership development programs are aimed at enhancing leaders’ skills and helping them to understand how to appropriately respond to and address employee concerns.


[User] How can employees report misconduct or safety concerns?

[Assistant] Employees can report misconduct or safety concerns by contacting the integrity line, submitting concerns through the Take Charge process, or notifying their Human Resource Partner or any member of management.


[User] Is the information from the company's website incorporated into the Annual Report on Form 10-K?

[Assistant] No, the information posted on the company's website is not incorporated by reference into the Annual Report on Form 10-K.


[User] What types of financial reports does the company file or furnish?

[Assistant] The company files or furnishes periodic reports such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, among others.