Industry Segment Operations (Tables)

12 Months Ended

Oct. 31, 2021

Information for each reportable segment for and as of the end of each fiscal year were as follows:


	Net Sales		Operating Income (Loss)		Depreciation/ Amortization		Capital Expenditures		Accounts Receivable		Inventories

	(In millions)
2021:
Semiconductor Systems	$	16,286	$	6,311	$	194	$	228	$	3,886	$	2,586
Applied Global Services	5,013		1,508		32		29		922		1,561
Display and Adjacent Markets	1,634		314		27		32		207		153
Corporate and Other	130		(1,244)		141		379		(62)		9
Total	$	23,063	$	6,889	$	394	$	668	$	4,953	$	4,309
2020:
Semiconductor Systems	$	11,367	$	3,714	$	219	$	226	$	2,061	$	2,139
Applied Global Services	4,155		1,127		34		30		764		1,545
Display and Adjacent Markets	1,607		291		31		29		179		195
Corporate and Other	73		(767)		92		137		(41)		25
Total	$	17,202	$	4,365	$	376	$	422	$	2,963	$	3,904
2019:
Semiconductor Systems	$	9,027	$	2,464	$	202	$	168	$	1,543	$	1,703
Applied Global Services	3,854		1,101		25		47		790		1,535
Display and Adjacent Markets	1,651		294		22		43		246		214
Corporate and Other	76		(509)		114		183		(46)		22
Total	$	14,608	$	3,350	$	363	$	441	$	2,533	$	3,474

Disaggregation of revenue

Net sales for Semiconductor Systems by end use application for the periods indicated were as follows:


	2021		2020		2019
Foundry, logic and other	60	%	59	%	52	%
Dynamic random-access memory (DRAM)	19	%	20	%	22	%
Flash memory	21	%	21	%	26	%

	100	%	100	%	100	%

Segment reconciling items in corporate and other

The reconciling items included in Corporate and Other were as follows:


	2021		2020		2019

	(In millions)
Unallocated net sales	$	130	$	73	$	76
Unallocated cost of products sold and expenses	(725)		(533)		(322)
Share-based compensation	(346)		(307)		(263)
Severance and related charges	(149)		—		—
Deal termination fee	(154)		—		—
Total	$	(1,244)	$	(767)	$	(509)

Net sales and long-lived assets by geographic region

Net sales and long-lived assets by geographic region for and as of each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Net sales:
United States	$	2,038	$	1,619	$	1,871
China	7,535		5,456		4,277
Korea	5,012		3,031		1,929
Taiwan	4,742		3,953		2,965
Japan	1,962		1,996		2,198
Europe	1,097		736		820
Southeast Asia	677		411		548
Total outside United States	21,025		15,583		12,737
Consolidated total	$	23,063	$	17,202	$	14,608


	October 31, 2021		October 25, 2020

	(In millions)
Long-lived assets:
United States	$	1,965	$	1,628
China	10		14
Korea	16		21
Taiwan	62		59
Japan	9		16
Europe	12		21
Southeast Asia	13		18
Total outside United States	122		149
Consolidated total	$	2,087	$	1,777

Companies accounted for at least 10 percent of net sales

The following customers accounted for at least 10 percent of Applied’s net sales in each fiscal year, which were for products and services in multiple reportable segments:


	2021		2020		2019
Samsung Electronics Co., Ltd.	20	%	18	%	*
Taiwan Semiconductor Manufacturing Company Limited	15	%	18	%	14	%

Intel Corporation	*		*		12	%

______________________________

* Less than 10%