Balance Sheet Detail

6 Months Ended

May 02, 2021

Balance Sheet Detail [Abstract]

Balance Sheet Detail

Balance Sheet Detail

	May 2, 2021		October 25, 2020
	(In millions)
Inventories
Customer service spares	$	1,279	$	1,270
Raw materials	908		870
Work-in-process	737		624
Finished goods	1,129		1,140
	$	4,053	$	3,904

Included in finished goods inventory are $17 million as of May 2, 2021, and $16 million as of October 25, 2020, 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 $416 million and $416 million of evaluation inventory as of May 2, 2021 and October 25, 2020, respectively.

	May 2, 2021		October 25, 2020
	(In millions)
Other Current Assets
Prepaid income taxes and income taxes receivable	$	158	$	162
Prepaid expenses and other	620		602
	$	778	$	764

	Useful Life	May 2, 2021		October 25, 2020
	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	271	$	256
Buildings and improvements	3-30	1,679		1,655
Demonstration and manufacturing equipment	3-5	1,722		1,586
Furniture, fixtures and other equipment	3-5	684		646
Construction in progress		347		237
Gross property, plant and equipment		4,703		4,380
Accumulated depreciation		(2,935)		(2,776)
		$	1,768	$	1,604

	May 2, 2021		October 25, 2020
	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,674	$	1,711
Operating lease right-of-use assets	246		252
Income tax receivables and other assets	251		260
	$	2,171	$	2,223

	May 2, 2021		October 25, 2020
	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,307	$	1,124
Compensation and employee benefits	577		800
Warranty	216		201
Dividends payable	219		201
Income taxes payable	200		222
Other accrued taxes	10		33
Interest payable	40		36
Operating lease liabilities, current	65		64
Other	482		457
	$	3,116	$	3,138

	May 2, 2021		October 25, 2020
	(In millions)
Other Liabilities
Defined and postretirement benefit plans	$	247	$	241
Operating lease liabilities, non-current	188		195
Other	247		226
	$	682	$	662