Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)

3 Months Ended

Jan. 31, 2016

Components of accumulated other comprehensive loss, after-tax basis

Changes in the components of AOCI, net of tax, were as follows:



	Unrealized Gain on Investments, Net		Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges			Defined and Postretirement Benefit Plans			Cumulative Translation Adjustments		Total

	(in millions)
Balance at October 25, 2015	$	14	$	(15	)	$	(105	)	$	14	$	(92	)
Other comprehensive income (loss) before reclassifications	1		(3		)	—			—		(2		)
Amounts reclassified out of AOCI	—		—			—			—		—
Other comprehensive income (loss), net of tax	1		(3		)	—			—		(2		)
Balance at January 31, 2016	$	15	$	(18	)	$	(105	)	$	14	$	(94	)



	Unrealized Gain on Investments, Net			Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges			Defined and Postretirement Benefit Plans			Cumulative Translation Adjustments			Total

	(in millions)
Balance at October 26, 2014	$	24		$	—		$	(105	)	$	5		$	(76	)
Other comprehensive income (loss) before reclassifications	(1		)	3			—			(1		)	1
Amounts reclassified out of AOCI	—			(2		)	—			—			(2		)
Other comprehensive income (loss), net of tax	(1		)	1			—			(1		)	(1		)
Balance at January 25, 2015	$	23		$	1		$	(105	)	$	4		$	(77	)

Summary of stock repurchases

The following table summarizes Applied’s stock repurchases for the three months ended January 31, 2016:



	Three Months Ended
	January 31, 2016

	(In millions, except per share amounts)
Shares of common stock repurchased	35
Cost of stock repurchased	$	625
Average price paid per share	$	17.64

Effect of share-based compensation on the results of operations

The effect of share-based compensation on the results of operations was as follows:



	Three Months Ended
	January 31, 2016		January 25, 2015

	(In millions)
Cost of products sold	$	17	$	15
Research, development, and engineering	20		18
Marketing and selling	7		6
General and administrative	10		9
Total share-based compensation	$	54	$	48

Restricted stock units and restricted stock activity

A summary of the changes in restricted stock units, restricted stock, performance shares and performance units outstanding under Applied’s equity compensation plans during the three months ended January 31, 2016 is presented below:



	Shares		Weighted Average Grant Date Fair Value

	(In millions, except per share amounts)
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 25, 2015	27		$	16.41
Granted	10		$	18.24
Vested	(9	)	$	14.07
Canceled	(1	)	$	17.47
Non-vested restricted stock units, restricted stock, performance shares and performance units at January 31, 2016	27		$	17.90