Balance Sheet Detail

9 Months Ended

Jul. 31, 2022

Balance Sheet Detail [Abstract]

Balance Sheet Detail

Balance Sheet Detail

 

	July 31, 2022		October 31, 2021
	(In millions)
Inventories
Customer service spares	$	1,350	$	1,251
Raw materials	1,752		1,136
Work-in-process	1,090		873
Finished goods	1,314		1,049
	$	5,506	$	4,309

 Included in finished goods inventory are $28 million as of July 31, 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 $398 million and $380 million of evaluation inventory as of July 31, 2022 and October 31, 2021, respectively.

	July 31, 2022		October 31, 2021
	(In millions)
Other Current Assets
Prepaid income taxes and income taxes receivable	$	576	$	593
Prepaid expenses and other	848		793
	$	1,424	$	1,386

	Useful Life	July 31, 2022		October 31, 2021
	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	389	$	334
Buildings and improvements	3-30	2,007		1,780
Demonstration and manufacturing equipment	3-5	2,048		1,820
Furniture, fixtures and other equipment	3-5	718		720
Construction in progress		333		326
Gross property, plant and equipment		5,495		4,980
Accumulated depreciation		(3,301)		(3,046)
		$	2,194	$	1,934

	July 31, 2022		October 31, 2021
	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,474	$	1,623
Operating lease right-of-use assets	401		294
Income tax receivables and other assets	561		229
	$	2,436	$	2,146

	July 31, 2022		October 31, 2021
	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,686	$	1,472
Compensation and employee benefits	774		924
Warranty	273		242
Dividends payable	224		214
Income taxes payable	272		734
Other accrued taxes	26		24
Interest payable	55		39
Operating lease liabilities, current	98		73
Other	597		546
	$	4,005	$	4,268

 

	July 31, 2022		October 31, 2021
	(In millions)
Other Liabilities
Defined and postretirement benefit plans	$	173	$	193
Operating lease liabilities, non-current	302		228
Other	372		271
	$	847	$	692