Industry Segment Operations (Tables)

12 Months Ended

Oct. 30, 2022

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)
2022:
Semiconductor Systems	$	18,797	$	6,969	$	203	$	249	$	4,924	$	3,995
Applied Global Services	5,543		1,661		31		38		997		1,788
Display and Adjacent Markets	1,331		260		31		30		148		129
Corporate and Other	114		(1,102)		179		470		(1)		20
Total	$	25,785	$	7,788	$	444	$	787	$	6,068	$	5,932
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

Disaggregation of revenue

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


	2022		2021		2020
Foundry, logic and other	66	%	60	%	59	%
Dynamic random-access memory (DRAM)	19	%	19	%	20	%
Flash memory	15	%	21	%	21	%

	100	%	100	%	100	%

Segment reconciling items in corporate and other

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


	2022		2021		2020

	(In millions)
Unallocated net sales	$	114	$	130	$	73
Unallocated cost of products sold and expenses	(807)		(725)		(533)
Share-based compensation	(413)		(346)		(307)
Severance and related charges	4		(149)		—
Deal termination fee	—		(154)		—
Total	$	(1,102)	$	(1,244)	$	(767)

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:


	2022		2021		2020

	(In millions)
Net sales:
United States	$	3,104	$	2,038	$	1,619
China	7,254		7,535		5,456
Korea	4,395		5,012		3,031
Taiwan	6,262		4,742		3,953
Japan	2,012		1,962		1,996
Europe	1,674		1,097		736
Southeast Asia	1,084		677		411
Total outside United States	22,681		21,025		15,583
Consolidated total	$	25,785	$	23,063	$	17,202


	October 30, 2022		October 31, 2021

	(In millions)
Long-lived assets:
United States	$	2,725	$	2,241
China	6		10
Korea	14		16
Taiwan	62		62
Japan	7		9
Europe	75		25
Southeast Asia	8		18
Total outside United States	172		140
Consolidated total	$	2,897	$	2,381

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:


	2022		2021		2020
Samsung Electronics Co., Ltd.	12	%	20	%	18	%
Taiwan Semiconductor Manufacturing Company Limited	20	%	15	%	18	%

Intel Corporation	10	%	*		*

___________________________

* Less than 10%