Apple is one of the world’s wealthiest companies with an estimated cash and investments of $285 billion as of June 30, 2020. For comparison, the U.S. Treasury has about $15 trillion of gross debt outstanding. Apple’s cash and investments are spread across various markets and currencies including the U.S. dollar, euro, British pound, Japanese yen and Chinese yuan. The bulk of its cash is held in the U.S. where it currently stands at $255 billion as of June 2020. Apple has had a long history of prudently managing its cash hoard and using it to create shareholder value through dividends, repurchases, and debt repayment.