United states securities and exchange commission

Operating Expenses
Operating expenses for the three- and nine-month periods ended June 25, 2022 and June 26, 2021 were as follows (dollars in 
millions):
Three Months Ended
Nine Months Ended
June 25,
2022
June 26,
2021
June 25,
2022
June 26,
2021
Research and development
$ 
6,797 
$ 
5,717 
$ 
19,490 
$ 
16,142 
Percentage of total net sales
8% 
7% 
6% 
6% 
Selling, general and administrative
$ 
6,012 
$ 
5,412 
$ 
18,654 
$ 
16,357 
Percentage of total net sales
7% 
7% 
6% 
6% 
Total operating expenses
$ 
12,809 
$ 
11,129 
$ 
38,144 
$ 
32,499 
Percentage of total net sales
15% 
14% 
13% 
12% 
Research and Development
The growth in research and development (“R&D”) expense during the third quarter and first nine months of 2022 compared to the 
same periods in 2021 was driven primarily by increases in headcount-related expenses, engineering program costs and 
professional services. The Company continues to believe that focused investments in R&D are critical to its future growth and 
competitive position in the marketplace, and to the development of new and updated products and services that are central to the 
Company’s core business strategy.
Selling, General and Administrative
The growth in selling, general and administrative expense during the third quarter and first nine months of 2022 compared to the 
same periods in 2021 was driven primarily by increases in headcount-related expenses, advertising and professional services. 
Other Income/(Expense), Net
Other income/(expense), net (“OI&E”) for the three- and nine-month periods ended June 25, 2022 and June 26, 2021 was as 
follows (dollars in millions):