Industry Segment Operations (Tables)

12 Months Ended

Oct. 29, 2023

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)
2023:
Semiconductor Systems	$	19,698	$	7,090	$	235	$	381	$	3,943	$	3,433
Applied Global Services	5,732		1,657		31		39		1,111		2,073
Display and Adjacent Markets	868		133		19		13		184		200
Corporate and Other	219		(1,226)		230		673		(73)		19
Total	$	26,517	$	7,654	$	515	$	1,106	$	5,165	$	5,725
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

Disaggregation of revenue

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


	2023		2022		2021
Foundry, logic and other	77	%	66	%	60	%
Dynamic random-access memory (DRAM)	17	%	19	%	19	%
Flash memory	6	%	15	%	21	%

	100	%	100	%	100	%

Segment reconciling items in corporate and other

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


	2023		2022		2021

	(In millions)
Unallocated net sales	$	219	$	114	$	130
Unallocated cost of products sold and expenses	(955)		(807)		(725)
Share-based compensation	(490)		(413)		(346)
Severance and related charges	—		4		(149)
Deal termination fee	—		—		(154)
Total	$	(1,226)	$	(1,102)	$	(1,244)

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:


	2023		2022		2021

	(In millions)
Net sales:
United States	$	4,006	$	3,104	$	2,038
China	7,247		7,254		7,535
Korea	4,609		4,395		5,012
Taiwan	5,670		6,262		4,742
Japan	2,075		2,012		1,962
Europe	2,152		1,674		1,097
Southeast Asia	758		1,084		677
Total outside United States	22,511		22,681		21,025
Consolidated total	$	26,517	$	25,785	$	23,063


	October 29, 2023		October 30, 2022

	(In millions)
Long-lived assets:
United States	$	3,239	$	2,725
China	4		6
Korea	11		14
Taiwan	59		62
Japan	7		7
Europe	110		75
Southeast Asia	6		8
Total outside United States	197		172
Consolidated total	$	3,436	$	2,897

Companies accounted for at least 10 percent of net sales

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


	2023		2022		2021
Samsung Electronics Co., Ltd.	15	%	12	%	20	%
Taiwan Semiconductor Manufacturing Company Limited	19	%	20	%	15	%

Intel Corporation	*		10	%	*

___________________________

*Less than 10%