Balance Sheet Detail

9 Months Ended

Aug. 01, 2021

Balance Sheet Detail [Abstract]

Balance Sheet Detail

Balance Sheet Detail

 

	August 1, 2021		October 25, 2020
	(In millions)
Inventories
Customer service spares	$	1,260	$	1,270
Raw materials	956		870
Work-in-process	846		624
Finished goods	1,055		1,140
	$	4,117	$	3,904

 Included in finished goods inventory are $18 million as of August 1, 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 $395 million and $416 million of evaluation inventory as of August 1, 2021 and October 25, 2020, respectively.

	August 1, 2021		October 25, 2020
	(In millions)
Other Current Assets
Prepaid income taxes and income taxes receivable	$	161	$	162
Prepaid expenses and other	638		602
	$	799	$	764

	Useful Life	August 1, 2021		October 25, 2020
	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	335	$	256
Buildings and improvements	3-30	1,747		1,655
Demonstration and manufacturing equipment	3-5	1,787		1,586
Furniture, fixtures and other equipment	3-5	693		646
Construction in progress		267		237
Gross property, plant and equipment		4,829		4,380
Accumulated depreciation		(3,015)		(2,776)
		$	1,814	$	1,604

	August 1, 2021		October 25, 2020
	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,654	$	1,711
Operating lease right-of-use assets	262		252
Income tax receivables and other assets	248		260
	$	2,164	$	2,223

	August 1, 2021		October 25, 2020
	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,352	$	1,124
Compensation and employee benefits	781		800
Warranty	232		201
Dividends payable	217		201
Income taxes payable	212		222
Other accrued taxes	15		33
Interest payable	56		36
Operating lease liabilities, current	69		64
Other	503		457
	$	3,437	$	3,138

 

	August 1, 2021		October 25, 2020
	(In millions)
Other Liabilities
Defined and postretirement benefit plans	$	245	$	241
Operating lease liabilities, non-current	199		195
Other	255		226
	$	699	$	662