Balance Sheet Detail

12 Months Ended

Oct. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Detail

Balance Sheet Detail

 

	October 31, 2021		October 25, 2020
	(In millions)
Inventories
Customer service spares	$	1,251	$	1,270
Raw materials	1,136		870
Work-in-process	873		624
Finished goods	1,049		1,140
	$	4,309	$	3,904

Included in finished goods inventory are $58 million at October 31, 2021 and $16 million at 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 $380 million and $416 million of evaluation inventory at October 31, 2021 and October 25, 2020, respectively.

	October 31, 2021		October 25, 2020
	(In millions)
Other Current Assets
Prepaid income taxes and income taxes receivable	$	593	$	162
Prepaid expenses and other	793		602
	$	1,386	$	764

	Useful Life	October 31, 2021		October 25, 2020
	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	334	$	256
Buildings and improvements	3-30	1,780		1,655
Demonstration and manufacturing equipment	3-5	1,820		1,586
Furniture, fixtures and other equipment	3-5	720		646
Construction in progress		326		237
Gross property, plant and equipment		4,980		4,380
Accumulated depreciation		(3,046)		(2,776)
		$	1,934	$	1,604

Depreciation expense was $345 million, $320 million and $306 million for fiscal 2021, 2020 and 2019 respectively.

	October 31, 2021		October 25, 2020
	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,623	$	1,711
Operating lease right-of-use assets	294		252
Income tax receivables and other assets	229		260
	$	2,146	$	2,223

	October 31, 2021		October 25, 2020
	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,472	$	1,124
Compensation and employee benefits	924		800
Warranty	242		201
Dividends payable	214		201
Income taxes payable	734		222
Other accrued taxes	24		33
Interest payable	39		36
Operating lease liabilities, current	73		64
Other	546		457
	$	4,268	$	3,138

	October 31, 2021		October 25, 2020
	(In millions)
Other Liabilities
Defined and postretirement benefit plans	$	193	$	241
Operating lease liabilities, non-current	228		195
Other	271		226
	$	692	$	662