Balance Sheet Detail

12 Months Ended

Oct. 27, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Detail

Balance Sheet Detail

	October 27, 2019		October 28, 2018
	(In millions)
Inventories
Customer service spares	$	1,245	$	989
Raw materials	802		1,020
Work-in-process	575		505
Finished goods	852		1,207
	$	3,474	$	3,721

Included in finished goods inventory is $13 million at October 27, 2019 and $19 million at October 28, 2018, of newly-introduced systems at customer locations where the sales transaction did not meet Applied’s revenue recognition criteria as set forth in Note 1. Finished goods inventory includes $318 million and $350 million of evaluation inventory at October 27, 2019 and October 28, 2018, respectively.

	October 27, 2019		October 28, 2018
	(In millions)
Other Current Assets
Prepaid income taxes and income taxes receivable	$	96	$	40
Prepaid expenses and other	485		490
	$	581	$	530

	Useful Life	October 27, 2019		October 28, 2018
	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	254	$	245
Buildings and improvements	3-30	1,590		1,448
Demonstration and manufacturing equipment	3-5	1,505		1,282
Furniture, fixtures and other equipment	3-5	602		634
Construction in progress		120		203
Gross property, plant and equipment		4,071		3,812
Accumulated depreciation		(2,542)		(2,405)
		$	1,529	$	1,407

Depreciation expense was $306 million, $258 million and $214 million for fiscal 2019, 2018 and 2017 respectively.

	October 27, 2019		October 28, 2018
	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,766	$	225
Income tax receivables and other assets	265		248
	$	2,031	$	473

	October 27, 2019		October 28, 2018
	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	958	$	996
Compensation and employee benefits	559		639
Warranty	196		208
Dividends payable	192		193
Income taxes payable	160		136
Other accrued taxes	55		112
Interest payable	38		38
Other	353		399
	$	2,511	$	2,721

	October 27, 2019		October 28, 2018
	(In millions)
Other Liabilities
Defined and postretirement benefit plans	$	212	$	177
Other	163		126
	$	375	$	303