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Severance and Related Charges
6 Months Ended
May 02, 2021
Restructuring and Related Activities [Abstract]  
Severance and Related Charges Severance and Related Charges
Fiscal 2021 Severance Plan
In the first quarter of fiscal 2021, Applied enacted a severance plan to realign its workforce. Under this plan, Applied implemented a one-time voluntary retirement program and other workforce reduction actions. The voluntary retirement program was available to certain U.S. employees who met minimum age and length of service requirements, as well as other business-specific criteria. The payments under this plan are paid at the time of termination and the related costs were not allocated to the segments. In addition, Applied implemented other workforce reduction actions globally across the Display and Adjacent Markets business. These costs were recorded under the Display and Adjacent Markets segment.
During the six months ended May 2, 2021, Applied recognized $158 million of severance and related charges in connection with the Fiscal 2021 Severance Plan, of which $36 million remains outstanding as of May 2, 2021.
Severance and related charges by segment were as follows:
 Three Months EndedSix Months Ended
May 2,
2021
April 26,
2020
May 2,
2021
April 26,
2020
(In millions)
Display and Adjacent Markets$— $— $$— 
Corporate and Other— 150 — 
Total$$— $158 $— 

Changes in severance and related charges reserves related to the Fiscal 2021 Severance Plan described above for the six months ended May 2, 2021 were as follows:
 Severance and Related Charges Reserves
(In millions)
Balance as of October 25, 2020$— 
Provision for severance152 
Consumption of reserves(5)
Balance as of January 31, 2021147 
Provision for severance
Consumption of reserves(117)
Balance as of May 2, 2021$36