Apple Inc (NASDAQ:AAPL) shares are trading lower Monday morning. Here's a look at what's going on.

What's Going On: According to a new regulatory filing, Apple has filed for a five-part notes offering. The size of the offering was not disclosed in the prospectus supplement. 

The notes are split into five different categories by due date: 2026, 2028, 2030, 2033 and 2053. Apple said it intends to use the net proceeds for general corporate purposes, which includes repurchases of its common stock, payment of dividends, working capital, capital expenditures, acquisitions and repayment of debt. 

Over the weekend, Warren Buffett said Apple is a better business than anything else in Berkshire's portfolio, per Reuters. 

"Apple is different than the other businesses we own. It just happens to be a better business," Buffett said during an annual meeting of shareholders. 

Check This Out: Watch: iPhone 'Perfectly Fine' After Plummeting 14K Feet From Skydiver's Pocket

AAPL Price Action: Apple has a 52-week high of $176.15 and a 52-week low of $124.17.

The stock was down 0.43% at $172.83 at time of publication, according to Benzinga Pro.

Photo: courtesy of Apple.