Maybe I didn't explain my question well enough. Or maybe I'm just thick. Apple's cash in Europe can't be repatriated to the U.S. without paying a lot in tax. Got that. But why would Apple borrow Euros, presumably to invest in the Eurozone somewhere, when they already have more stored there than they know what to do with? Or is the plan to borrow Euros, convert to dollars and move them to the U.S.? If so, why borrow Euros? Why not borrow dollars directly, in Europe?