Balance Sheet Detail

6 Months Ended

May 01, 2022

Balance Sheet Detail [Abstract]

Balance Sheet Detail

Balance Sheet Detail

 

	May 1, 2022		October 31, 2021
	(In millions)
Inventories
Customer service spares	$	1,288	$	1,251
Raw materials	1,585		1,136
Work-in-process	1,019		873
Finished goods	1,117		1,049
	$	5,009	$	4,309

 Included in finished goods inventory are $14 million as of May 1, 2022, and $58 million as of October 31, 2021, 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 $389 million and $380 million of evaluation inventory as of May 1, 2022 and October 31, 2021, respectively.

	May 1, 2022		October 31, 2021
	(In millions)
Other Current Assets
Prepaid income taxes and income taxes receivable	$	633	$	593
Prepaid expenses and other	797		793
	$	1,430	$	1,386

	Useful Life	May 1, 2022		October 31, 2021
	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	381	$	334
Buildings and improvements	3-30	1,963		1,780
Demonstration and manufacturing equipment	3-5	1,958		1,820
Furniture, fixtures and other equipment	3-5	708		720
Construction in progress		271		326
Gross property, plant and equipment		5,281		4,980
Accumulated depreciation		(3,210)		(3,046)
		$	2,071	$	1,934

	May 1, 2022		October 31, 2021
	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,498	$	1,623
Operating lease right-of-use assets	392		294
Income tax receivables and other assets	588		229
	$	2,478	$	2,146

	May 1, 2022		October 31, 2021
	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,558	$	1,472
Compensation and employee benefits	599		924
Warranty	262		242
Dividends payable	226		214
Income taxes payable	695		734
Other accrued taxes	20		24
Interest payable	39		39
Operating lease liabilities, current	82		73
Other	579		546
	$	4,060	$	4,268

 

	May 1, 2022		October 31, 2021
	(In millions)
Other Liabilities
Defined and postretirement benefit plans	$	178	$	193
Operating lease liabilities, non-current	313		228
Other	322		271
	$	813	$	692