0000006951-21-000043 | 10-K | XBRL Viewer

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Industry Segment Operations (Reportable Segment) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Segment Reporting Information [Line Items]
Net sales	$ 23,063	$ 17,202	$ 14,608
Operating Income (Loss)	6,889	4,365	3,350
Deprecation/Amortization	394	376	363
Capital Expenditures	668	422	441
Accounts Receivable	4,953	2,963	2,533
Inventories	4,309	3,904	3,474
Operating Segments \| Semiconductor Systems
Segment Reporting Information [Line Items]
Net sales	16,286	11,367	9,027
Operating Income (Loss)	6,311	3,714	2,464
Deprecation/Amortization	194	219	202
Capital Expenditures	228	226	168
Accounts Receivable	3,886	2,061	1,543
Inventories	2,586	2,139	1,703
Operating Segments \| Applied Global Services
Segment Reporting Information [Line Items]
Net sales	5,013	4,155	3,854
Operating Income (Loss)	1,508	1,127	1,101
Deprecation/Amortization	32	34	25
Capital Expenditures	29	30	47
Accounts Receivable	922	764	790
Inventories	1,561	1,545	1,535
Operating Segments \| Display and Adjacent Markets
Segment Reporting Information [Line Items]
Net sales	1,634	1,607	1,651
Operating Income (Loss)	314	291	294
Deprecation/Amortization	27	31	22
Capital Expenditures	32	29	43
Accounts Receivable	207	179	246
Inventories	153	195	214
Corporate and Other
Segment Reporting Information [Line Items]
Net sales	130	73	76
Operating Income (Loss)	(1,244)	(767)	(509)
Deprecation/Amortization	141	92	114
Capital Expenditures	379	137	183
Accounts Receivable	(62)	(41)	(46)
Inventories	$ 9	$ 25	$ 22

Fair Value Measurements

12 Months Ended

Oct. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements

Applied’s financial assets are measured and recorded at fair value on a recurring basis, except for equity investments in privately-held companies. These equity investments are generally accounted for under the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes and are periodically assessed for impairment when events or circumstances indicate that a decline in value may have occurred. Applied’s nonfinancial assets, such as goodwill, intangible assets, and property, plant and equipment, are recorded at cost and are assessed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable.

Fair Value Hierarchy

Applied uses the following fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:

•Level 1 — Quoted prices in active markets for identical assets or liabilities;

•Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and

•Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Applied’s investments consist primarily of debt securities that are classified as available-for-sale and recorded at their fair values. In determining the fair value of investments, Applied uses pricing information from pricing services that value securities based on quoted market prices and models that utilize observable market inputs. In the event a fair value estimate is unavailable from a pricing service, Applied generally obtains non-binding price quotes from brokers. Applied then reviews the information provided by the pricing services or brokers to determine the fair value of its short-term and long-term investments. In addition, to validate pricing information obtained from pricing services, Applied periodically performs supplemental analysis on a sample of securities. Applied reviews any significant unanticipated differences identified through this analysis to determine the appropriate fair value. As of October 31, 2021, substantially all of Applied’s available-for-sale, short-term and long-term investments were recognized at fair value that was determined based upon observable inputs.

Applied’s equity investments with readily determinable values consist of publicly traded equity securities. These investments are measured at fair value using quoted prices for identical assets in an active market and the changes in fair value of these equity investments are recognized in the consolidated statements of operations.

Investments with remaining effective maturities of 12 months or less from the balance sheet date are classified as short-term investments. Investments with remaining effective maturities of more than 12 months from the balance sheet date are classified as long-term investments.

Assets Measured at Fair Value on a Recurring Basis

Financial assets (excluding cash balances) measured at fair value on a recurring basis are summarized below:


	October 31, 2021				October 25, 2020
	Level 1		Level 2		Total		Level 1		Level 2		Total

	(In millions)
Assets:
Available-for-sale debt security investments
Money market funds*	$	3,662	$	—	$	3,662	$	4,324	$	—	$	4,324
U.S. Treasury and agency securities	296		18		314		375		23		398
Non-U.S. government securities	—		5		5		—		—		—
Municipal securities	—		391		391		—		371		371
Commercial paper, corporate bonds and medium-term notes	—		597		597		—		499		499
Asset-backed and mortgage-backed securities	—		557		557		—		479		479
Total available-for-sale debt security investments	$	3,958	$	1,568	$	5,526	$	4,699	$	1,372	$	6,071
Equity investments with readily determinable values

Publicly traded equity securities	$	58	$	—	$	58	$	45	$	—	$	45
Total equity investments with readily determinable values	$	58	$	—	$	58	$	45	$	—	$	45
Total	$	4,016	$	1,568	$	5,584	$	4,744	$	1,372	$	6,116

_________________________

* Amounts as of October 31, 2021 and October 25, 2020 include $106 million and $115 million, respectively, invested in money market funds related to deferred compensation plans. Due to restrictions on the distribution of these funds, they are classified as restricted cash equivalents and are included in deferred income taxes and other assets in the Consolidated Condensed Balance Sheets.

Applied did not have any financial assets measured at fair value on a recurring basis within Level 3 fair value measurements as of October 31, 2021 or October 25, 2020.

Assets and Liabilities without Readily Determinable Values Measured on a Non-recurring Basis

Applied’s equity investments without readily determinable values consist of equity investments in privately-held companies. Applied elected the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes on a prospective basis for certain equity investments without readily determinable fair values and is required to account for any subsequent observable changes in fair value within the statements of operations. These investments are classified as Level 3 within the fair value hierarchy and periodically assessed for impairment when an event or circumstance indicates that a decline in value may have occurred.

During fiscal 2021, 2020 and 2019, impairment charges on equity investments in privately-held companies were not material.

Other

The carrying amounts of Applied’s financial instruments, including cash and cash equivalents, restricted cash equivalents, accounts receivable, notes payable - short term, and accounts payable and accrued expenses, approximate fair value due to their short maturities. At October 31, 2021, the aggregate principal amount of long-term senior unsecured notes was $5.5 billion, and the estimated fair value was $6.4 billion. At October 25, 2020, the aggregate principal amount of long-term senior unsecured notes was $5.5 billion and the estimated fair value was $6.6 billion. The estimated fair value of long-term senior unsecured notes is determined by Level 2 inputs and is based primarily on quoted market prices for the same or similar issues. See Note 11 of the Notes to the Consolidated Financial Statements for further detail of existing debt.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivative Instruments and Hedging Activities (Derivatives Not Designated as Hedging Instruments) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Consolidated Statement of Operations	$ 60	$ (4)	$ (8)
Foreign exchange contracts \| General and administrative
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Consolidated Statement of Operations	0	0	(8)
Foreign exchange contracts \| Interest and other income, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Consolidated Statement of Operations	29	(10)	0
Total return swap \| Interest and other income, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Consolidated Statement of Operations	(1)	(1)	0
Total return swap \| Cost of products sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Consolidated Statement of Operations	3	1	0
Total return swap \| Operating expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Consolidated Statement of Operations	$ 29	$ 6	$ 0

Earnings Per Share

12 Months Ended

Oct. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share is determined using the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined using the weighted average number of common shares and potential common shares (representing the dilutive effect of restricted stock units, and employee stock purchase plan shares) outstanding during the period. Applied’s net income has not been adjusted for any period presented for purposes of computing basic or diluted earnings per share due to the Company’s non-complex capital structure.


Fiscal Year	2021		2020		2019

	(In millions, except per share amounts)
Numerator:
Net income	$	5,888	$	3,619	$	2,706
Denominator:
Weighted average common shares outstanding	910		916		937
Effect of weighted dilutive stock options, restricted stock units and employee stock purchase plan shares	9		7		8
Denominator for diluted earnings per share	919		923		945
Basic earnings per share	$	6.47	$	3.95	$	2.89
Diluted earnings per share	$	6.40	$	3.92	$	2.86
Potentially weighted dilutive securities	—		—		3

Potentially weighted dilutive securities attributable to outstanding restricted stock units are excluded from the calculation of diluted earnings per share where the combined exercise price and average unamortized fair value are greater than the average market price of Applied common stock, and therefore their inclusion would be anti-dilutive.

Cash, Cash Equivalents and Investments (Contractual Maturities) (Details) $ in Millions	Oct. 31, 2021 USD ($)
Cost
Due in one year or less, cost	$ 393
Due after one through five years, cost	878
Due after five years, cost	2
No single maturity date, cost	1,138
Cost of fixed income securities	2,411
Estimated Fair Value
Due in one year or less, estimated fair value	395
Due after one through five years, estimated fair value	878
Due after five years, estimated fair value	2
No single maturity date, estimated fair value	1,244
Estimated fair value of short-term and long-term investments	$ 2,519

Balance Sheet Detail

12 Months Ended

Oct. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Detail


	October 31, 2021		October 25, 2020

	(In millions)
Inventories
Customer service spares	$	1,251	$	1,270
Raw materials	1,136		870
Work-in-process	873		624
Finished goods	1,049		1,140
	$	4,309	$	3,904

Included in finished goods inventory are $58 million at October 31, 2021 and $16 million at October 25, 2020, 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 $380 million and $416 million of evaluation inventory at October 31, 2021 and October 25, 2020, respectively.


	October 31, 2021		October 25, 2020

	(In millions)
Other Current Assets


Prepaid income taxes and income taxes receivable	$	593	$	162
Prepaid expenses and other	793		602
	$	1,386	$	764


	Useful Life	October 31, 2021		October 25, 2020

	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	334	$	256
Buildings and improvements	3-30	1,780		1,655
Demonstration and manufacturing equipment	3-5	1,820		1,586
Furniture, fixtures and other equipment	3-5	720		646
Construction in progress		326		237
Gross property, plant and equipment		4,980		4,380
Accumulated depreciation		(3,046)		(2,776)
		$	1,934	$	1,604

Depreciation expense was $345 million, $320 million and $306 million for fiscal 2021, 2020 and 2019 respectively.


	October 31, 2021		October 25, 2020

	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,623	$	1,711
Operating lease right-of-use assets	294		252
Income tax receivables and other assets	229		260
	$	2,146	$	2,223


	October 31, 2021		October 25, 2020

	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,472	$	1,124

Compensation and employee benefits	924		800

Warranty	242		201
Dividends payable	214		201
Income taxes payable	734		222
Other accrued taxes	24		33
Interest payable	39		36
Operating lease liabilities, current	73		64

Other	546		457
	$	4,268	$	3,138


	October 31, 2021		October 25, 2020

	(In millions)
Other Liabilities


Defined and postretirement benefit plans	$	193	$	241
Operating lease liabilities, non-current	228		195
Other	271		226
	$	692	$	662

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions

12 Months Ended

Oct. 31, 2021

Oct. 25, 2020

Oct. 27, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

$ 10,578

$ 8,214

$ 6,845

Other comprehensive income (loss) before reclassifications

(120)

(46)

Amounts reclassified out of AOCI

Other comprehensive income (loss), net of tax

(119)

(38)

Ending Balance

12,247

10,578

8,214

Cumulative Effect, Period of Adoption, Adjustment

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

^[1]

1,553

Unrealized Gain (Loss) on Investments, Net

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

Other comprehensive income (loss) before reclassifications

(14)

Amounts reclassified out of AOCI

(7)

(1)

Other comprehensive income (loss), net of tax

(21)

Ending Balance

(1)

Unrealized Gain (Loss) on Investments, Net | Cumulative Effect, Period of Adoption, Adjustment

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

(17)

Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

(133)

(16)

(9)

Other comprehensive income (loss) before reclassifications

(115)

(10)

Amounts reclassified out of AOCI

(2)

Other comprehensive income (loss), net of tax

(117)

(7)

Ending Balance

(103)

(133)

(16)

Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges | Cumulative Effect, Period of Adoption, Adjustment

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

Defined and Postretirement Benefit Plans

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

(199)

(188)

(137)

Other comprehensive income (loss) before reclassifications

(21)

(57)

Amounts reclassified out of AOCI

Other comprehensive income (loss), net of tax

(11)

(51)

Ending Balance

(169)

(199)

(188)

Defined and Postretirement Benefit Plans | Cumulative Effect, Period of Adoption, Adjustment

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

Cumulative Translation Adjustments

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

Other comprehensive income (loss) before reclassifications

(1)

Amounts reclassified out of AOCI

Other comprehensive income (loss), net of tax

(1)

Ending Balance

Cumulative Translation Adjustments | Cumulative Effect, Period of Adoption, Adjustment

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

AOCI Attributable to Parent

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

(299)

(180)

(125)

Other comprehensive income (loss), net of tax

(119)

(38)

Ending Balance

$ (260)

$ (299)

(180)

AOCI Attributable to Parent | Cumulative Effect, Period of Adoption, Adjustment

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Beginning Balance

^[1]

$ (17)

[1]

Represents the adjustment related to the adoption of Accounting Standard Update (ASU) 2016-01 Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities and ASU 2016-16 Income Tax (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.

Derivative Instruments and Hedging Activities - Gain (Loss) on Derivatives in AOCI (Details) - Cash Flow Hedging - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI	$ 36	$ (148)
Effective portion - gain (loss) recognized in AOCI			$ (14)
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI	36	3
Effective portion - gain (loss) recognized in AOCI			(14)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI	$ 0	$ (151)
Effective portion - gain (loss) recognized in AOCI			$ 0

Cash, Cash Equivalents and Investments (Tables)

12 Months Ended

Oct. 31, 2021

Cash and Cash Equivalents [Abstract]

Summary of cash, cash equivalents and investments

The following tables summarize Applied’s cash, cash equivalents and investments by security type:


October 31, 2021	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,407	$	—	$	—	$	1,407
Cash equivalents:
Money market funds	3,556		—		—		3,556


Municipal securities	22		—		—		22
Commercial paper, corporate bonds and medium-term notes	10		—		—		10

Total Cash equivalents	3,588		—		—		3,588
Total Cash and Cash equivalents	$	4,995	$	—	$	—	$	4,995
Short-term and long-term investments:
U.S. Treasury and agency securities	$	314	$	—	$	—	$	314
Non-U.S. government securities*	5		—		—		5
Municipal securities	367		3		1		369
Commercial paper, corporate bonds and medium-term notes	587		2		2		587
Asset-backed and mortgage-backed securities	555		3		1		557
Total fixed income securities	1,828		8		4		1,832
Publicly traded equity securities	22		39		3		58
Equity investments in privately-held companies	561		82		14		629
Total equity investments	583		121		17		687
Total short-term and long-term investments	$	2,411	$	129	$	21	$	2,519
Total Cash, Cash equivalents and Investments	$	7,406	$	129	$	21	$	7,514

_________________________

* Includes Canadian provincial government debt


October 25, 2020	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,136	$	—	$	—	$	1,136
Cash equivalents:
Money market funds	4,209		—		—		4,209


Municipal securities	6		—		—		6

Total Cash equivalents	4,215		—		—		4,215
Total Cash and Cash equivalents	$	5,351	$	—	$	—	$	5,351
Short-term and long-term investments:
U.S. Treasury and agency securities	$	394	$	4	$	—	$	398

Municipal securities	359		6		—		365
Commercial paper, corporate bonds and medium-term notes	492		8		1		499
Asset-backed and mortgage-backed securities	470		9		—		479
Total fixed income securities	1,715		27		1		1,741
Publicly traded equity securities	11		36		2		45
Equity investments in privately-held companies	121		25		7		139
Total equity investments	132		61		9		184
Total short-term and long-term investments	$	1,847	$	88	$	10	$	1,925
Total Cash, Cash equivalents and Investments	$	7,198	$	88	$	10	$	7,276

________________________

Contractual maturities of investments

The following table summarizes the contractual maturities of Applied’s investments at October 31, 2021:


	Cost		Estimated Fair Value

	(In millions)
Due in one year or less	$	393	$	395
Due after one through five years	878		878
Due after five years	2		2
No single maturity date**	1,138		1,244
Total	$	2,411	$	2,519

_________________________

** Securities with no single maturity date include publicly-traded and privately-held equity securities, and asset-backed and mortgage-backed securities.

Components of gain (loss) on equity investment

The components of gain (loss) on equity investments for each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Publicly traded equity securities
Unrealized gain	$	14	$	14	$	28
Unrealized loss	(11)		(17)		(5)
Realized gain on sales	2		1		2

Equity investments in privately-held companies
Unrealized gain	65		18		13
Unrealized loss	(12)		(7)		(6)
Realized gain on sales	48		8		5
Realized loss on sales or impairment	(7)		(8)		(1)
Total gain (loss) on equity investments, net	$	99	$	9	$	36

Borrowing Facilities and Debt (Debt Outstanding) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020	May 31, 2020
Schedule of debt
Long-term debt	$ 5,452	$ 5,448
Senior Notes
Schedule of debt
Long-term debt principal amount	5,500	5,500
Total unamortized discount	(14)	(15)
Total unamortized debt issuance costs	$ (34)	(37)
Senior Notes \| 3.900% Senior Notes Due 2025
Debt Instrument [Line Items]
Stated interest rate	3.90%
Schedule of debt
Long-term debt principal amount	$ 700	700
Effective interest rate	3.944%
Senior Notes \| 3.300% Senior Notes Due 2027
Debt Instrument [Line Items]
Stated interest rate	3.30%
Schedule of debt
Long-term debt principal amount	$ 1,200	1,200
Effective interest rate	3.342%
Senior Notes \| 1.750% Senior Notes Due 2030
Debt Instrument [Line Items]
Stated interest rate	1.75%		1.75%
Schedule of debt
Long-term debt principal amount	$ 750	750	$ 750
Effective interest rate	1.792%
Senior Notes \| 5.100% Senior Notes Due 2035
Debt Instrument [Line Items]
Stated interest rate	5.10%
Schedule of debt
Long-term debt principal amount	$ 500	500
Effective interest rate	5.127%
Senior Notes \| 5.850% Senior Notes Due 2041
Debt Instrument [Line Items]
Stated interest rate	5.85%
Schedule of debt
Long-term debt principal amount	$ 600	600
Effective interest rate	5.879%
Senior Notes \| 4.350% Senior Notes Due 2047
Debt Instrument [Line Items]
Stated interest rate	4.35%
Schedule of debt
Long-term debt principal amount	$ 1,000	1,000
Effective interest rate	4.361%
Senior Notes \| 2.750% Senior Notes Due 2050
Debt Instrument [Line Items]
Stated interest rate	2.75%		2.75%
Schedule of debt
Long-term debt principal amount	$ 750	$ 750	$ 750
Effective interest rate	2.773%

Cash, Cash Equivalents and Investments

12 Months Ended

Oct. 31, 2021

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Investments

Summary of Cash, Cash Equivalents and Investments

The following tables summarize Applied’s cash, cash equivalents and investments by security type:


October 31, 2021	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,407	$	—	$	—	$	1,407
Cash equivalents:
Money market funds	3,556		—		—		3,556


Municipal securities	22		—		—		22
Commercial paper, corporate bonds and medium-term notes	10		—		—		10

Total Cash equivalents	3,588		—		—		3,588
Total Cash and Cash equivalents	$	4,995	$	—	$	—	$	4,995
Short-term and long-term investments:
U.S. Treasury and agency securities	$	314	$	—	$	—	$	314
Non-U.S. government securities*	5		—		—		5
Municipal securities	367		3		1		369
Commercial paper, corporate bonds and medium-term notes	587		2		2		587
Asset-backed and mortgage-backed securities	555		3		1		557
Total fixed income securities	1,828		8		4		1,832
Publicly traded equity securities	22		39		3		58
Equity investments in privately-held companies	561		82		14		629
Total equity investments	583		121		17		687
Total short-term and long-term investments	$	2,411	$	129	$	21	$	2,519
Total Cash, Cash equivalents and Investments	$	7,406	$	129	$	21	$	7,514

_________________________

* Includes Canadian provincial government debt


October 25, 2020	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(In millions)
Cash	$	1,136	$	—	$	—	$	1,136
Cash equivalents:
Money market funds	4,209		—		—		4,209


Municipal securities	6		—		—		6

Total Cash equivalents	4,215		—		—		4,215
Total Cash and Cash equivalents	$	5,351	$	—	$	—	$	5,351
Short-term and long-term investments:
U.S. Treasury and agency securities	$	394	$	4	$	—	$	398

Municipal securities	359		6		—		365
Commercial paper, corporate bonds and medium-term notes	492		8		1		499
Asset-backed and mortgage-backed securities	470		9		—		479
Total fixed income securities	1,715		27		1		1,741
Publicly traded equity securities	11		36		2		45
Equity investments in privately-held companies	121		25		7		139
Total equity investments	132		61		9		184
Total short-term and long-term investments	$	1,847	$	88	$	10	$	1,925
Total Cash, Cash equivalents and Investments	$	7,198	$	88	$	10	$	7,276

________________________

Maturities of Investments

The following table summarizes the contractual maturities of Applied’s investments at October 31, 2021:


	Cost		Estimated Fair Value

	(In millions)
Due in one year or less	$	393	$	395
Due after one through five years	878		878
Due after five years	2		2
No single maturity date**	1,138		1,244
Total	$	2,411	$	2,519

_________________________

** Securities with no single maturity date include publicly-traded and privately-held equity securities, and asset-backed and mortgage-backed securities.

Gains and Losses on Investments

At October 31, 2021, gross unrealized losses related to Applied’s debt investment portfolio were not material. Applied regularly reviews its debt investment portfolio to identify and evaluate investments that have indications of possible impairment from credit losses or other factors. Factors considered in determining whether an unrealized loss is considered to be a credit loss include: the significance of the decline in value compared to the cost basis; the financial condition; credit quality and near-term prospects of the investee; and whether it is more likely than not that Applied will be required to sell the security prior to recovery. Credit losses related to available-for-sale debt securities are recorded as an allowance for credit losses through interest and other income, net. Any additional changes in fair value that are not related to credit losses are recognized in accumulated other comprehensive income.

During fiscal 2021, with the adoption of credit losses authoritative guidance, Applied did not recognize significant credit losses and the ending allowance for credit losses was not material. Applied determined that the gross unrealized losses on its marketable fixed-income securities at October 25, 2020 and October 27, 2019 were temporary in nature and therefore it did not recognize any impairment of its marketable fixed-income securities for fiscal 2020 or 2019. During fiscal 2021, 2020 and 2019, impairment charges on equity investments in privately-held companies were not material. These impairment charges are included in interest and other income, net in the Consolidated Statement of Operations.

The components of gain (loss) on equity investments for each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Publicly traded equity securities
Unrealized gain	$	14	$	14	$	28
Unrealized loss	(11)		(17)		(5)
Realized gain on sales	2		1		2

Equity investments in privately-held companies
Unrealized gain	65		18		13
Unrealized loss	(12)		(7)		(6)
Realized gain on sales	48		8		5
Realized loss on sales or impairment	(7)		(8)		(1)
Total gain (loss) on equity investments, net	$	99	$	9	$	36

Contract Balances - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020
Revenue from Contract with Customer [Abstract]
Contract assets	$ 201	$ 148
Contract liabilities	$ 2,076	$ 1,321

Borrowing Facilities and Debt

12 Months Ended

Oct. 31, 2021

Debt Disclosure [Abstract]

Borrowing Facilities and Debt

Revolving Credit Facilities

In February 2020, Applied entered into a five-year $1.5 billion committed unsecured revolving credit agreement (Revolving Credit Agreement) with a group of banks. The Revolving Credit Agreement includes a provision under which Applied may request an increase in the amount of the facility of up to $500 million for a total commitment of no more than $2.0 billion, subject to the receipt of commitments from one or more lenders for any such increase and other customary conditions. The Revolving Credit Agreement is scheduled to expire in February 2025, unless extended as permitted under the Revolving Credit Agreement. The Revolving Credit Agreement provides for borrowings that bear interest for each advance at one of two rates selected by Applied, plus an applicable margin, which varies according to Applied’s public debt credit ratings.

No amounts were outstanding under the Revolving Credit Agreement as of October 31, 2021 and October 25, 2020.

In addition, Applied has revolving credit facilities with Japanese banks pursuant to which it may borrow up to approximately $70 million in aggregate at any time. Applied’s ability to borrow under these facilities is subject to bank approval at the time of the borrowing request, and any advances will be at rates indexed to the banks’ prime reference rate denominated in Japanese yen. As of October 31, 2021 and October 25, 2020, no amounts were outstanding under these revolving credit facilities.

Term Loan and Short-term Commercial Paper

In August 2019, Applied entered into a term loan credit agreement (Term Loan Credit Agreement) with a group of lenders under which the lenders committed to make an unsecured term loan to Applied of up to $2.0 billion to finance in part Applied’s planned acquisition of all outstanding shares of Kokusai Electric, to pay related transaction fees and expenses and for general corporate purposes. In March 2021, the Term Loan Credit Agreement, as subsequently amended, terminated automatically in accordance with its terms upon the termination of the SPA. No amounts were borrowed under the Term Loan Credit Agreement.

Applied has a short-term commercial paper program under which Applied may issue unsecured commercial paper notes of up to a total amount of $1.5 billion. At October 31, 2021 and October 25, 2020, Applied did not have any commercial paper outstanding.

Senior Unsecured Notes

In May 2020, Applied issued $750 million aggregate principal amount of 1.750% senior unsecured notes due 2030 and $750 million aggregate principal amount of 2.750% senior unsecured notes due 2050, in a registered public offering. In June 2020, Applied used a portion of the net proceeds from the offering to redeem the outstanding $600 million in aggregate principal amount of its 2.625% senior unsecured notes due October 1, 2020 and $750 million in aggregate principal amount of its 4.300% senior unsecured notes due June 15, 2021, at a total aggregate redemption price of $1.4 billion. As a result, Applied recognized a $33 million loss on early extinguishment of these senior unsecured notes during the third quarter of fiscal 2020.

Debt outstanding as of October 31, 2021 and October 25, 2020 was as follows:


	Principal Amount
	October 31, 2021		October 25, 2020		Effective Interest Rate	Interest Pay Dates
	(In millions)



Long-term debt:

3.900% Senior Notes Due 2025	$	700	$	700	3.944%	April 1, October 1
3.300% Senior Notes Due 2027	1,200		1,200		3.342%	April 1, October 1
1.750% Senior Notes Due 2030	750		750		1.792%	June 1, December 1
5.100% Senior Notes Due 2035	500		500		5.127%	April 1, October 1
5.850% Senior Notes Due 2041	600		600		5.879%	June 15, December 15
4.350% Senior Notes Due 2047	1,000		1,000		4.361%	April 1, October 1
2.750% Senior Notes Due 2050	750		750		2.773%	June 1, December 1
	5,500		5,500
Total unamortized discount	(14)		(15)
Total unamortized debt issuance costs	(34)		(37)
Total long-term debt	$	5,452	$	5,448

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Industry Segment Operations (Percentage by Customer) (Details) - Net sales - Customer Concentration Risk	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Samsung Electronics Co., Ltd.
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales	20.00%	18.00%
Taiwan Semiconductor Manufacturing Company Limited
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales	15.00%	18.00%	14.00%
Intel Corporation
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales			12.00%

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Effect of Share-based Compensation) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 346	$ 307	$ 263
Income tax benefits recognized	43	39	37
Cost of products sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	118	103	89
Research, development, and engineering
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	129	116	99
Marketing and selling
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	43	36	31
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 56	$ 52	$ 44

Stockholders' Equity, Comprehensive Income and Share-Based Compensation

12 Months Ended

Oct. 25, 2020

Equity [Abstract]

Stockholders' Equity, Comprehensive Income and Share-Based Compensation

Stockholders’ Equity, Comprehensive Income and Share-Based Compensation

Accumulated Other Comprehensive Income (Loss)

Changes in the components of accumulated other comprehensive income (AOCI), net of tax, were as follows:


	Unrealized Gain (Loss) on Investments, Net		Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges		Defined and Postretirement Benefit Plans		Cumulative Translation Adjustments		Total
	(In millions)
Balance at October 28, 2018	$	7	$	(9)	$	(137)	$	14	(125)
Adoption of new accounting standards (a)	(17)		—		—		—		(17)

Other comprehensive income (loss) before reclassifications	22		(10)		(57)		(1)		(46)
Amounts reclassified out of AOCI	(1)		3		6		—		8
Other comprehensive income (loss), net of tax	21		(7)		(51)		(1)		(38)
Balance at October 27, 2019	$	11	$	(16)	$	(188)	$	13	$	(180)


Other comprehensive income (loss) before reclassifications	16		(115)		(21)		—		(120)
Amounts reclassified out of AOCI	(7)		(2)		10		—		1
Other comprehensive income, net of tax	9		(117)		(11)		—		(119)
Balance at October 25, 2020	$	20	$	(133)	$	(199)	$	13	$	(299)


Other comprehensive income (loss) before reclassifications	(14)		28		20		—		34
Amounts reclassified out of AOCI	(7)		2		10		—		5
Other comprehensive income (loss), net of tax	(21)		30		30		—		39
Balance at October 31, 2021	$	(1)	$	(103)	$	(169)	$	13	$	(260)

(a) - Represents the reclassification adjustment related to the adoption of Accounting Standard Update (ASU) 2016-01 Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.

The tax effects on the unrealized loss on derivative instruments qualifying as cash flow hedges for fiscal 2020 was $33 million. The tax effects on net income of amounts reclassified from AOCI for the fiscal years 2021, 2020 and 2019 were not material.

Stock Repurchase Program

In March 2021, Applied’s Board of Directors approved a common stock repurchase program authorizing $7.5 billion in repurchases, which supplemented the previously existing $6.0 billion authorization approved in February 2018. At October 31, 2021, approximately $5.0 billion remained available for future stock repurchases under the repurchase program.

The following table summarizes Applied’s stock repurchases for each fiscal year:


	2021		2020		2019

	(In millions, except per share amounts)
Shares of common stock repurchased	28		12		60
Cost of stock repurchased	$	3,750	$	649	$	2,403
Average price paid per share	$	134.03	$	56.32	$	39.86

Applied records treasury stock purchases under the cost method using the first-in, first-out (FIFO) method. Upon reissuance of treasury stock, amounts in excess of the acquisition cost are credited to additional paid in capital. If Applied reissues treasury stock at an amount below its acquisition cost and additional paid in capital associated with prior treasury stock transactions is insufficient to cover the difference between the acquisition cost and the reissue price, this difference is recorded against retained earnings.

Dividends

During fiscal 2021, Applied's Board of Directors declared one quarterly cash dividend of $0.22 per share and three quarterly cash dividends of $0.24 per share. During fiscal 2020, Applied's Board of Directors declared one quarterly cash dividend of $0.21 per share and three quarterly cash dividends of $0.22 per share. During fiscal 2019, Applied’s Board of Directors declared one quarterly cash dividend of $0.20 per share and three quarterly cash dividends in the amount of $0.21 per share. Dividends paid during fiscal 2021, 2020 and 2019 amounted to $838 million, $787 million and $771 million, respectively. Applied currently anticipates that cash dividends will continue to be paid on a quarterly basis, although the declaration of any future cash dividend is at the discretion of the Board of Directors and will depend on Applied’s financial condition, results of operations, capital requirements, business conditions and other factors, as well as a determination by the Board of Directors that cash dividends are in the best interests of Applied’s stockholders.

Share-Based Compensation

Applied has a stockholder-approved equity plan, the Employee Stock Incentive Plan (ESIP), which permits grants to employees of share-based awards, including stock options, stock appreciation rights, restricted stock, restricted stock units, performance share units and performance units. In addition, the plan provides for the automatic grant of restricted stock units to non-employee directors and permits the grant of share-based awards to non-employee directors and consultants. Share-based awards made under the plan may be subject to accelerated vesting under certain circumstances in the event of a change in control of Applied. On March 11, 2021, Applied’s shareholders approved an amendment and restatement of the ESIP to, among other changes, add 10 million shares to the number of shares of Applied common stock authorized for issuance.

In addition, prior to September 1, 2021, Applied had two Employee Stock Purchase Plans (ESPP), one generally for United States employees (U.S. ESPP) and a second for employees of international subsidiaries (Offshore ESPP), which enable eligible employees to purchase Applied common stock. On March 11, 2021, Applied’s shareholders approved an amendment and restatement of the U.S. ESPP (as amended, the Omnibus ESPP). The Omnibus ESPP became effective on September 1, 2021 (the Effective Date) in accordance with its terms, and amended the U.S. ESPP to, among other changes, (i) incorporate the Offshore ESPP as a sub-plan, and (ii) add 11.3 million shares to the number of shares of Applied common stock authorized for issuance. The Offshore ESPP was terminated as an independent plan on the Effective Date.

Applied recognized share-based compensation expense related to equity awards and ESPP shares. The effect of share-based compensation on the results of operations and the related tax benefits for each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Cost of products sold	$	118	$	103	$	89
Research, development, and engineering	129		116		99
Marketing and selling	43		36		31
General and administrative	56		52		44

Total share-based compensation	$	346	$	307	$	263

Income tax benefits recognized	$	43	$	39	$	37

The cost associated with share-based awards that are subject solely to time-based vesting requirements, less expected forfeitures, is recognized over the awards’ service period for the entire award on a straight-line basis. Share-based awards granted to certain executive officers allow partial accelerated vesting in the event of a qualifying retirement based on age and years of service. The cost associated with performance-based equity awards, which include both performance and market goals, is recognized for each tranche over the service period. The cost of equity awards related to performance goals is based on an assessment of the likelihood that the applicable performance goals will be achieved. For the equity awards based on market goals, the cost is recognized based upon the assumption of 100% achievement of the goal.

At October 31, 2021, Applied had $512 million in total unrecognized compensation expense, net of estimated forfeitures, related to grants of share-based awards and shares issued under Applied’s ESPP, which will be recognized over a weighted average period of 2.5 years. At October 31, 2021, there were 35 million shares available for grant of share-based awards under the ESIP, and an additional 16 million shares available for issuance under the Omnibus ESPP.

Stock Options

Stock options are rights to purchase, at future dates, shares of Applied common stock. The exercise price of each stock option equals the fair market value of Applied common stock on the date of grant. Options typically vest over three to four years, subject to the grantee’s continued service with Applied through the scheduled vesting date, and expire no later than seven years from the grant date. There were no stock options granted during fiscal 2021, 2020 and 2019. There were no outstanding stock options at the end of fiscal 2021.

Restricted Stock Units, Restricted Stock, Performance Share Units and Performance Units

Restricted stock units are converted into shares of Applied common stock upon vesting on a one-for-one basis. Restricted stock has the same rights as other issued and outstanding shares of Applied common stock except these shares generally have no right to dividends and are held in escrow until the award vests. Performance share units and performance units are awards that result in a payment to a grantee, generally in shares of Applied common stock on a one-for-one basis, if performance goals and/or other vesting criteria established by the Human Resources and Compensation Committee of Applied’s Board of Directors are achieved or the awards otherwise vest. Restricted stock units, restricted stock, performance share units and performance units typically vest over three to four years and vesting is usually subject to the grantee’s continued service with Applied and, in some cases, achievement of specified performance goals. The compensation expense related to the service-based awards is determined using the fair market value of Applied common stock on the date of the grant, and the compensation expense is recognized over the vesting period.

During fiscal 2021, 2020 and 2019, certain executive officers were granted awards that are subject to the achievement of certain levels specified performance goals.

Certain awards are subject to the achievement of targeted levels of adjusted operating margin and targeted levels of total shareholder return (TSR) relative to a peer group, comprised of companies in the Standard & Poor's 500 Index. Each metric will be weighted 50% and will be measured over a three-year period. The number of shares that may vest in full after three years ranges from 0% to 200% of the target amount. The awards become eligible to vest only if performance goals are achieved and will vest only if the grantee remains employed by Applied through each applicable vesting date, subject to a qualifying retirement based on age and years of service. The awards provide for a partial payout based on actual performance at the conclusion of the three-year performance period in the event of a qualifying retirement.

During fiscal 2021, certain executive officers were also granted non-recurring long-term performance-based awards that are subject to the achievement of targeted levels of Applied’s absolute TSR. The awards become eligible to vest only if targeted levels of TSR are achieved during the five-year performance period and will vest only if the grantee remains employed by Applied through the vesting date in October 2025, except in the event of involuntary termination of employment without cause, death or following a change of control. The number of shares that may vest in full after five years ranges from 0% to 200% of the target amount.

The fair value of the portion of the awards subject to targeted levels of adjusted operating margin is estimated on the date of grant. If the performance goals are not met as of the end of the performance period, no compensation expense is recognized and any previously recognized compensation expense is reversed. The expected cost is based on the portion of the awards that is probable to vest and is reflected over the service period and reduced for estimated forfeitures.

The fair value of the portion of the awards subject to targeted levels of relative TSR or absolute TSR is estimated on the date of grant using a Monte Carlo simulation model. Compensation expense is recognized based upon the assumption of 100% achievement of the TSR goal and will not be reversed even if the threshold level of TSR is never achieved, and is reflected over the service period and reduced for estimated forfeitures.

A summary of the changes in restricted stock units, restricted stock, performance shares and performance units outstanding under Applied’s equity compensation plans is presented below:


	Shares	Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value

	(In millions, except per share amounts)
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 28, 2018	18	$	32.64	2.0 years	$	600
Granted	8	$	36.00
Vested	(7)	$	28.41
Canceled	(1)	$	34.59
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 27, 2019	18	$	35.78	2.1 years	$	985
Granted	6	$	53.89
Vested	(8)	$	31.25
Canceled	(1)	$	42.61
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 25, 2020	15	$	45.36	2.2 years	$	914
Granted	5	$	92.04
Vested	(6)	$	43.11
Canceled	(1)	$	59.41
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 31, 2021	13	$	63.29	2.2 years	$	1,752
Non-vested restricted stock units, restricted stock, performance shares and performance units expected to vest	13	$	63.37	2.0 years	$	1,724

At October 31, 2021, 1.2 million additional performance-based awards could be earned based upon achievement of certain levels of specified performance goals.

Employee Stock Purchase Plans

Under the Omnibus ESPP, substantially all employees may purchase Applied common stock through payroll deductions at a price equal to 85 percent of the lower of the fair market value of Applied common stock at the beginning or end of each 6-month purchase period, subject to certain limits. Applied issued 3 million shares in fiscal 2021, 3 million shares in fiscal 2020 and 4 million shares in fiscal 2019, under the ESPP. Compensation expense is calculated using the fair value of the employees’ purchase rights under the Black-Scholes model. Underlying assumptions used in the model are outlined in the following table:


	2021		2020		2019
ESPP:
Dividend yield	0.72	%	1.41	%	1.99	%
Expected volatility	41.3	%	48.2	%	35.5	%
Risk-free interest rate	0.05	%	0.58	%	2.21	%
Expected life (in years)	0.5		0.5		0.5
Weighted average estimated fair value	$33.77		$17.30		$10.61

Income Taxes (Components of Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Components of income from operations before income taxes
U.S.	$ 512	$ 92	$ 363
Foreign	6,259	4,074	2,906
Income before income taxes	6,771	4,166	3,269
Current:
U.S.	462	196	240
Foreign	344	263	260
State	17	20	12
Total current provision for income taxes	823	479	512
Deferred:
U.S.	(3)	(3)	8
Foreign	67	76	46
State	(4)	(5)	(3)
Total deferred provision (benefit) for income taxes	60	68	51
Provision for income taxes	$ 883	$ 547	$ 563
Reconciliation between the statutory U.S.federal income tax rate to actual effective income tax rate
Tax provision at U.S. statutory rate	21.00%	21.00%	21.00%
Effect of foreign operations taxed at various rates	(7.00%)	(5.90%)	(5.90%)
Changes in prior years’ unrecognized tax benefits	0.20%	0.50%	2.60%
Resolutions of prior years' income tax filings	(0.10%)	(1.00%)	(0.10%)
Research and other tax credits	(0.90%)	(1.30%)	(1.10%)
Other	(0.20%)	(0.20%)	0.70%
Effective income tax rate	13.00%	13.10%	17.20%
Deferred tax assets:
Allowance for doubtful accounts	$ 4	$ 4
Inventory reserves and basis difference	112	119
Installation and warranty reserves	29	14
Intangible assets	1,281	1,355
Accrued liabilities	31	24
Deferred revenue	25	32
Tax credits	369	326
Deferred compensation	133	130
Share-based compensation	34	30
Lease liability	61	55
Other	89	96
Gross deferred tax assets	2,168	2,185
Valuation allowance	(361)	(314)
Total deferred tax assets	1,807	1,871
Deferred tax liabilities:
Fixed assets	(93)	(76)
Right of use assets	(62)	(54)
Undistributed foreign earnings	(37)	(39)
Total deferred tax liabilities	(192)	(169)
Net deferred tax assets	1,615	1,702
Reconciliation of gross unrecognized tax benefits
Beginning balance of gross unrecognized tax benefits	496	845	$ 374
Settlements with tax authorities	0	(446)	(1)
Lapses of statutes of limitation	(4)	(3)	(2)
Increases in tax positions for current year	26	44	33
Increases in tax positions for prior years	23	91	441
Decreases in tax positions for prior years	(4)	(35)	0
Ending balance of gross unrecognized tax benefits	$ 537	$ 496	$ 845

Warranty, Guarantees, Commitments and Contingencies (Tables)

12 Months Ended

Oct. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Changes in the warranty reserves

Changes in the warranty reserves during each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Beginning balance	$	201	$	196	$	208
Provisions for warranty	223		165		148
Changes in reserves related to preexisting warranty	9		2		7
Consumption of reserves	(191)		(162)		(167)
Ending balance	$	242	$	201	$	196

Employee Benefit Plans

12 Months Ended

Oct. 31, 2021

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Bonus Plans

Applied has various employee bonus plans. A discretionary bonus plan provides for the distribution of a percentage of pre-tax income to Applied employees who are not participants in other performance-based incentive plans, up to a maximum percentage of eligible compensation. Other plans provide for bonuses to Applied’s executives and other key contributors based on the achievement of profitability and/or other specified performance criteria. Charges under these plans for fiscal 2021, 2020 and 2019 were $631 million, $471 million and $292 million, respectively.

Employee Savings and Retirement Plan

Applied’s Employee Savings and Retirement Plan (the 401(k) Plan) is qualified under Sections 401(a) and (k) of the Internal Revenue Code (the Code). Eligible employees may make salary deferral and catch-up contributions under the 401(k) Plan on a pre-tax basis and on a Roth basis, subject to an annual dollar limit established by the Code. Applied matches 100% of participant salary and/or Roth deferral contributions up to the first 3% of eligible contribution and then 50% of every dollar between 4% and 6% of eligible contribution. Applied does not make matching contributions on any catch-up contributions made by participants. Plan participants who were employed by Applied or any of its affiliates became 100% vested in their Applied matching contribution account balances. Applied’s matching contributions under the 401(k) Plan were approximately $61 million for fiscal 2021, $52 million for fiscal 2020 and $49 million for fiscal 2019.

Defined Benefit Pension Plans of Foreign Subsidiaries and Other Postretirement Benefits

Several of Applied’s foreign subsidiaries have defined benefit pension plans covering substantially all of their eligible employees. Benefits under these plans are typically based on years of service and final average compensation levels. The plans are managed in accordance with applicable local statutes and practices. Applied deposits funds for certain of these plans with insurance companies, pension trustees, government-managed accounts, and/or accrues the expense for the unfunded portion of the benefit obligation on its Consolidated Financial Statements. Applied’s practice is to fund the various pension plans in amounts sufficient to meet the minimum requirements as established by applicable local governmental oversight and taxing authorities. Depending on the design of the plan, local custom and market circumstances, the liabilities of a plan may exceed the qualified plan assets. The differences between the aggregate projected benefit obligations and aggregate plan assets of these plans have been recorded as liabilities by Applied and are included in other liabilities and accrued expenses in the Consolidated Balance Sheets.

A summary of the changes in benefit obligations and plan assets, which includes post-retirement benefits, for each fiscal year is presented below:


	2021		2020		2019

	(In millions, except percentages)
Change in projected benefit obligation
Beginning projected benefit obligation	$	674	$	617	$	524
Service cost	15		13		11
Interest cost	8		8		10
Plan participants’ contributions	1		1		1
Actuarial (gain) loss	(1)		6		84
Settlements	—		—		(1)
Foreign currency exchange rate changes	3		33		(5)
Benefits paid	(15)		(10)		(8)
Plan amendments and other adjustments	—		6		1
Ending projected benefit obligation	$	685	$	674	$	617
Ending accumulated benefit obligation	$	626	$	627	$	578
Range of assumptions to determine benefit obligations
Discount rate	0.6% - 6.6%		0.4% - 6.5%		0.5% - 3.1%
Rate of compensation increase	2.4% - 10.0%		2.3% - 10.0%		2.3% - 3.6%
Change in plan assets
Beginning fair value of plan assets	$	431	$	409	$	365
Return on plan assets	49		—		30
Employer contributions	22		12		27
Plan participants’ contributions	1		1		1
Foreign currency exchange rate changes	3		19		(5)
Settlements	—		—		(1)
Benefits paid	(15)		(10)		(8)
Ending fair value of plan assets	$	491	$	431	$	409
Funded status	$	(194)	$	(243)	$	(208)
Amounts recognized in the consolidated balance sheets
Noncurrent asset	$	1	$	—	$	5
Current liability	(2)		(2)		(1)
Noncurrent liability	(193)		(241)		(212)
Total	$	(194)	$	(243)	$	(208)
Estimated amortization from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal period
Actuarial loss	$	11	$	14	$	12
Prior service credit	—		—		—
Total	$	11	$	14	$	12
Amounts recognized in accumulated other comprehensive loss
Net actuarial loss	$	200	$	242	$	226
Prior service credit	1		—		—
Total	$	201	$	242	$	226
Plans with projected benefit obligations in excess of plan assets
Projected benefit obligation	$	472	$	674	$	424
Fair value of plan assets	$	277	$	431	$	211
Plans with accumulated benefit obligations in excess of plan assets
Accumulated benefit obligation	$	413	$	627	$	385
Fair value of plan assets	$	277	$	431	$	211


	2021		2020
Plan assets — allocation
Equity securities	35	%	38	%
Debt securities	33	%	43	%
Insurance contracts	23	%	9	%
Other investments	9	%	10	%

The following table presents a summary of the ending fair value of the plan assets:


	October 31, 2021								October 25, 2020
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total

	(In millions)
Equity securities	$	137	$	—	$	—	$	137	$	103	$	—	$	—	$	103
Debt securities	79		—		—		79		72		—		—		72
Insurance contracts	—		—		110		110		—		—		39		39
Other investments	—		17		—		17		—		16		—		16
Cash	2		—		—		2		2		—		—		2
Total assets at fair value	$	218	$	17	$	110	345		$	177	$	16	$	39	232
Assets measured at net asset value							146								199
Total							$	491							$	431

The following table presents the activity in Level 3 instruments for each fiscal year:


	2021		2020

	(In millions)
Balance, beginning of year	$	39	$	36


Purchases, sales, settlements, net	72		1
Currency impact	(1)		2
Balance, end of year	$	110	$	39

Applied’s investment strategy for its defined benefit plans is to invest plan assets in a prudent manner, maintaining well-diversified portfolios with the long-term objective of meeting the obligations of the plans as they come due. Asset allocation decisions are typically made by plan fiduciaries with input from Applied’s international pension committee. Applied’s asset allocation strategy incorporates a sufficient equity exposure in order for the plans to benefit from the expected better long-term performance of equities relative to the plans’ liabilities. Applied retains investment managers, where appropriate, to manage the assets of the plans. Performance of investment managers is monitored by plan fiduciaries with the assistance of local investment consultants. The investment managers make investment decisions within the guidelines set forth by plan fiduciaries. Risk management practices include diversification across asset classes and investment styles, and periodic rebalancing toward target asset allocation ranges. Investment managers may use derivative instruments for efficient portfolio management purposes.

A summary of the components of net periodic benefit costs and the weighted average assumptions used for net periodic benefit cost calculations for each fiscal year is presented below:


	2021			2020			2019

	(In millions, except percentages)
Components of net periodic benefit cost
Service cost	$	15		$	13		$	11
Interest cost	8			8			10
Expected return on plan assets	(21)			(22)			(20)
Amortization of actuarial loss and prior service credit	14			12			7

Net periodic benefit cost	$	16		$	11		$	8
Weighted average assumptions
Discount rate	1.18		%	1.23		%	1.98		%
Expected long-term return on assets	4.80		%	5.10		%	5.40		%
Rate of compensation increase	2.74		%	2.69		%	2.74		%

Asset return assumptions are derived based on actuarial and statistical methodologies, from analysis of long-term historical data relevant to the country in which each plan is in effect and the investments applicable to the corresponding plan. The discount rate for each plan was derived by reference to appropriate benchmark yields on high quality corporate bonds, allowing for the approximate duration of both plan obligations and the relevant benchmark yields.

Future expected benefit payments for the pension plans and the postretirement plan over the next ten fiscal years are as follows:


	Benefit Payments
	(In millions)
2022	$	11
2023	13
2024	15
2025	14
2026	15
2027-2031	99
Total	$	167

Company contributions to these plans for fiscal 2022 are expected to be approximately $7 million.

Executive Deferred Compensation Plans

Applied sponsors two unfunded deferred compensation plans, the Executive Deferred Compensation Plan (Predecessor EDCP) and the 2016 Deferred Compensation Plan (2016 DCP) (formerly known as the 2005 Executive Deferred Compensation Plan), under which certain employees may elect to defer a portion of their following year’s eligible earnings. The Predecessor EDCP was frozen as of December 31, 2004 such that no new deferrals could be made under the plan after that date and the plan would qualify for “grandfather” relief under Section 409A of the Code. The Predecessor EDCP participant accounts continue to be maintained under the plan and credited with deemed interest. The 2016 DCP was originally implemented by Applied effective as of January 1, 2005, and amended and restated as of October 12, 2015, and is intended to comply with the requirements of Section 409A of the Code. In addition, Applied also sponsors a non-qualified deferred compensation plan as a result of the acquisition of Varian. Amounts payable for all plans, including accrued deemed interest, totaled $206 million and $151 million at October 31, 2021 and October 25, 2020, respectively, which were included in other liabilities in the Consolidated Balance Sheets.

Goodwill, Purchased Technology and Other Intangible Assets (Finite-lived Intangible Assets) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020
Amortized intangible assets
Gross carrying amount	$ 2,041	$ 2,041
Accumulated amortization	(1,937)	(1,888)
Carrying amount	104	153
Purchased technology, net
Amortized intangible assets
Gross carrying amount	1,687	1,687
Accumulated amortization	(1,641)	(1,612)
Carrying amount	46	75
Other Intangible Assets
Amortized intangible assets
Gross carrying amount	354	354
Accumulated amortization	(296)	(276)
Carrying amount	58	78
Operating Segments \| Semiconductor Systems
Amortized intangible assets
Gross carrying amount	1,732	1,732
Accumulated amortization	(1,649)	(1,608)
Operating Segments \| Semiconductor Systems \| Purchased technology, net
Amortized intangible assets
Gross carrying amount	1,476	1,476
Accumulated amortization	(1,446)	(1,423)
Operating Segments \| Semiconductor Systems \| Other Intangible Assets
Amortized intangible assets
Gross carrying amount	256	256
Accumulated amortization	(203)	(185)
Operating Segments \| Applied Global Services
Amortized intangible assets
Gross carrying amount	79	79
Accumulated amortization	(76)	(75)
Operating Segments \| Applied Global Services \| Purchased technology, net
Amortized intangible assets
Gross carrying amount	35	35
Accumulated amortization	(32)	(31)
Operating Segments \| Applied Global Services \| Other Intangible Assets
Amortized intangible assets
Gross carrying amount	44	44
Accumulated amortization	(44)	(44)
Operating Segments \| Display and Adjacent Markets
Amortized intangible assets
Gross carrying amount	201	201
Accumulated amortization	(199)	(194)
Operating Segments \| Display and Adjacent Markets \| Purchased technology, net
Amortized intangible assets
Gross carrying amount	163	163
Accumulated amortization	(161)	(157)
Operating Segments \| Display and Adjacent Markets \| Other Intangible Assets
Amortized intangible assets
Gross carrying amount	38	38
Accumulated amortization	(38)	(37)
Corporate and Other
Amortized intangible assets
Gross carrying amount	29	29
Accumulated amortization	(13)	(11)
Corporate and Other \| Purchased technology, net
Amortized intangible assets
Gross carrying amount	13	13
Accumulated amortization	(2)	(1)
Corporate and Other \| Other Intangible Assets
Amortized intangible assets
Gross carrying amount	16	16
Accumulated amortization	$ (11)	$ (10)

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Oct. 31, 2021	Dec. 10, 2021	May 02, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Oct. 31, 2021
Current Fiscal Year End Date	--10-31
Document Transition Report	false
Entity File Number	000-06920
Entity Registrant Name	APPLIED MATERIALS INC /DE
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-1655526
Entity Address, Address Line One	3050 Bowers Avenue
Entity Address, Address Line Two	P.O. Box 58039
Entity Address, City or Town	Santa Clara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95052-8039
City Area Code	408
Local Phone Number	727-5555
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	AMAT
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 120,888,771,285
Entity Common Stock, Shares Outstanding		888,513,248
Documents Incorporated by Reference	Portions of Part III will be provided in accordance with Instruction G(3) to Form 10-K no later than February 28, 2022.
Entity Central Index Key	0000006951
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false

Warranty, Guarantees, Commitments and Contingencies

12 Months Ended

Oct. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Warranty, Guarantees, Commitments and Contingencies

Warranty

Changes in the warranty reserves during each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Beginning balance	$	201	$	196	$	208
Provisions for warranty	223		165		148
Changes in reserves related to preexisting warranty	9		2		7
Consumption of reserves	(191)		(162)		(167)
Ending balance	$	242	$	201	$	196

Applied products are generally sold with a warranty for a 12-month period following installation. The provision for the estimated cost of warranty is recorded when revenue is recognized. Parts and labor are covered under the terms of the warranty agreement. The warranty provision is based on historical experience by product, configuration and geographic region. Quarterly warranty consumption is generally associated with sales that occurred during the preceding four quarters, and quarterly warranty provisions are generally related to the current quarter’s sales.

Guarantees

In the ordinary course of business, Applied provides standby letters of credit or other guarantee instruments to third parties as required for certain transactions initiated by either Applied or its subsidiaries. As of October 31, 2021, the maximum potential amount of future payments that Applied could be required to make under these guarantee agreements was approximately $500 million. Applied has not recorded any liability in connection with these guarantee agreements beyond that required to appropriately account for the underlying transaction being guaranteed. Applied does not believe, based on historical experience and information currently available, that it is probable that any amounts will be required to be paid under these guarantee agreements.

Applied also has agreements with various banks to facilitate subsidiary banking operations worldwide, including overdraft arrangements, issuance of bank guarantees, and letters of credit. As of October 31, 2021, Applied has provided parent guarantees to banks for approximately $144 million to cover these arrangements.

Legal Matters

From time to time, Applied receives notification from third parties, including customers and suppliers, seeking indemnification, litigation support, payment of money or other actions by Applied in connection with claims made against them. In addition, from time to time, Applied receives notification from third parties claiming that Applied may be or is infringing or misusing their intellectual property or other rights. Applied also is subject to various other legal proceedings, regulatory investigations or inquires, and claims, both asserted and unasserted, that arise in the ordinary course of business.

Although the outcome of the above-described matters, claims and proceedings cannot be predicted with certainty, Applied does not believe that any will have a material effect on its consolidated financial condition or results of operations.

Derivative Instruments and Hedging Activities (Derivatives in Cash Flow Hedging Relationships) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Net sales	$ 23,063	$ 17,202	$ 14,608
Cost of products sold	12,149	9,510	8,222
Research, development and engineering	2,485	2,234	2,054
General and administrative	620	567	461
Interest expense	236	240	237
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations	(3)	2
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations	(2)	1
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations			(4)
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations			9
Foreign exchange contracts \| Net Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations	4	(2)
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations	0	4
Foreign exchange contracts \| Cost of products sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations	2	6
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations	(2)	(3)
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations			2
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations			15
Foreign exchange contracts \| Research, development, and engineering
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations	3	4
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations	0	0
Foreign exchange contracts \| General and administrative
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations	1	1
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations	0	0
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations			(3)
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations			(6)
Interest rate contracts \| Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations	(13)	(7)
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations	$ 0	$ 0
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations			(3)
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations			$ 0

Balance Sheet Detail (Deferred Income Taxes and Other Assets) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Non-current deferred income taxes	$ 1,623	$ 1,711
Operating lease right-of-use assets	$ 294	$ 252
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Deferred Income Taxes and Other Assets	Deferred Income Taxes and Other Assets
Income tax receivables and other assets	$ 229	$ 260
Deferred Income Taxes and Other Assets	$ 2,146	$ 2,223

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Oct. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of Applied Materials, Inc. and its subsidiaries (Applied or the Company) after elimination of intercompany balances and transactions. All references to a fiscal year apply to Applied’s fiscal year which ends on the last Sunday in October. Fiscal 2021, 2020 and 2019 contained 53, 52 and 52 weeks, respectively. The first fiscal quarter of 2021 contained 14 weeks, while the second, third and fourth quarters of fiscal 2021 contained 13 weeks. Each fiscal quarter of 2020 and 2019 contained 13 weeks. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make judgments, estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. On an ongoing basis, Applied evaluates its estimates, including those related to standalone selling price (SSP) related to revenue recognition, accounts receivable and sales allowances, fair values of financial instruments, inventories, intangible assets and goodwill, useful lives of intangible assets and property and equipment, fair values of share-based awards, and income taxes, among others. Applied bases its estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. As of October 31, 2021, the COVID-19 pandemic and worldwide response remains fluid. As a result, many of Applied’s estimates and assumptions are subject to increased judgment and volatility. These estimates may differ materially in future periods as the pandemic continues to evolve and additional information becomes available. Cash Equivalents All highly-liquid investments with a remaining maturity of three months or less at the time of purchase are considered to be cash equivalents. Cash equivalents consist primarily of investments in institutional money market funds. Investments All of Applied’s investments, except equity investments, are classified as available-for-sale at the respective balance sheet dates. Investments classified as available-for-sale are measured and recorded in the Consolidated Balance Sheets at fair value, and unrealized gains and losses, net of tax, is reported as a separate component of other comprehensive income. Interest earned on cash and investments, as well as realized gains and losses on sale of securities, are included in interest and other income, net in the Consolidated Statements of Operations. Applied’s equity investments with readily determinable values consist of publicly traded equity securities. These investments are measured at fair value using quoted prices for identical assets in an active market. Privately-held equity investments without readily determinable fair value are measured at cost, less impairment, adjusted by observable price changes. Adjustments resulting from impairments and observable prices changes are recorded in the Consolidated Statements of Operations. Allowance for Credit Losses Applied maintains an allowance for credit losses for estimated losses resulting from the inability of its customers to make required payments. This allowance is based on historical experience, credit evaluations, specific customer collection history and any customer-specific issues Applied has identified. Changes in circumstances, such as an unexpected material adverse change in a major customer’s ability to meet its financial obligation to Applied or its payment trends, may require Applied to further adjust its estimates of the recoverability of amounts due to Applied. Bad debt expense and any reversals are recorded in marketing and selling expenses in the Consolidated Statement of Operations. Inventories Inventories are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out (FIFO) basis. Applied adjusts inventory carrying value for estimated obsolescence equal to the difference between the cost of inventory and the estimated net realizable value based upon assumptions about future demand and market conditions. Applied fully writes down inventories and noncancelable purchase orders for inventory deemed obsolete. Applied performs periodic reviews of inventory items to identify excess inventories on hand by comparing on-hand balances to anticipated usage using recent historical activity as well as anticipated or forecasted demand. If estimates of customer demand diminish further or market conditions become less favorable than those projected by Applied, additional inventory adjustments may be required. Property, Plant and Equipment Property, plant and equipment is stated at cost. Depreciation is provided over the estimated useful lives of the assets using the straight-line method. Estimated useful lives for financial reporting purposes are as follows: buildings and improvements, 3 to 30 years; demonstration and manufacturing equipment, 3 to 5 years; software, 3 to 5 years; and furniture, fixtures and other equipment, 3 to 5 years. Land improvements are amortized over the shorter of 15 years or the estimated useful life. Leasehold improvements are amortized over the shorter of five years or the lease term. Intangible Assets Goodwill and indefinite-lived assets are not amortized, but are reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Purchased technology and other intangible assets are presented at cost, net of accumulated amortization, and are amortized over their estimated useful lives of 1 to 15 years using the straight-line method. Long-Lived Assets Applied reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of these assets or asset group may not be recoverable. Applied assesses these assets for impairment based on estimated future cash flows from these assets. Revenue Recognition from Contracts with Customers Applied recognizes revenue when promised goods or services are transferred to a customer in an amount that reflects the consideration to which Applied expects to be entitled in exchange for those goods or services. Applied determines revenue recognition through the following five steps: (1) identification of the contract(s) with customers, (2) identification of the performance obligations in the contract, (3) determination of the transaction price, (4) allocation of the transaction price to the performance obligations in the contract, and (5) recognition of revenue when, or as, a performance obligation is satisfied. Identifying the contract(s) with customers. Applied sells manufacturing equipment, services, and spare parts directly to its customers in the semiconductor, display, and related industries. The Company generally considers written documentation including, but not limited to, signed purchase orders, master agreements, and sales orders as contracts provided that collection is probable. Collectability is assessed based on the customer’s creditworthiness determined by reviewing the customer’s published credit and financial information, historical payment experience, as well as other relevant factors. Identifying the performance obligations. Applied’s performance obligations include delivery of manufacturing equipment, service agreements, spare parts, installation, extended warranty and training. Applied’s service agreements are considered one performance obligation and may include multiple goods and services that Applied provides to the customer to deliver against a performance metric. Judgment is used to determine whether multiple promised goods or services in a contract should be accounted for separately or as a group. Determine the transaction price. The transaction price for Applied’s contracts with customers may include fixed and variable consideration. Applied includes variable consideration in the transaction price to the extent that it is probable that a significant reversal of revenue will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Allocate the transaction price to the performance obligations. A contract’s transaction price is allocated to each distinct performance obligation identified within the contract. Applied generally estimates the standalone selling price of a distinct performance obligation based on historical cost plus an appropriate margin. For contracts with multiple performance obligations, Applied allocates the contract’s transaction price to each performance obligation using the relative standalone selling price of each distinct good or service in the contract. Recognizing the revenue as performance obligations are satisfied. Applied recognizes revenue from equipment and spares parts at a point in time when Applied has satisfied its performance obligation by transferring control of the goods to the customer which typically occurs at shipment or delivery. Revenue from service agreements is recognized over time, typically within 12 months, as customers receive the benefits of services. The incremental costs to obtain a contract are not material. Payment Terms. Payment terms vary by contract. Generally, the majority of payments are due within a certain number of days from shipment of goods or performance of service. The remainder is typically due upon customer technical acceptance. Applied typically receives deposits on future deliverables from customers in the Display and Adjacent Markets segment and, in certain instances, may also receive deposits from customers in the Applied Global Services segment. Applied’s payment terms do not generally contain a significant financing component. Shipping and Handling Costs Applied accounts for shipping and handling activities related to contracts with customers as costs to fulfill our promise to transfer the associated products. Accordingly, amounts billed for shipping and handling costs are recorded as a component of net sales and costs as a component of cost of products sold. Warranty Applied provides for the estimated cost of warranty when revenue is recognized. Estimated warranty costs are determined by analyzing specific product, current and historical configuration statistics and regional warranty support costs. Applied’s warranty obligation is affected by product and component failure rates, material usage and labor costs incurred in correcting product failures during the warranty period. If actual warranty costs differ substantially from Applied’s estimates, revisions to the estimated warranty liability would be required. Applied also sells extended warranty contracts to its customers which provide an extension of the standard warranty coverage period of up to 2 years. Applied receives payment at the inception of the contract and recognizes revenue ratably over the extended warranty coverage period, as the customer simultaneously receives and consumes the benefits of the extended warranty. Sales and Value Added Taxes Taxes collected from customers and remitted to governmental authorities are presented on a net basis in the Consolidated Statements of Operations. Research, Development and Engineering Costs Research, development and engineering costs are expensed as incurred. Income Taxes Applied recognizes a current tax liability for the estimated amount of income tax payable on tax returns for the current fiscal year. Deferred tax assets and liabilities are recognized for the estimated future tax effects of temporary differences between the book and tax bases of assets and liabilities. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. Deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. Applied recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized from such positions are estimated based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Any changes in judgment related to uncertain tax positions are recognized in Applied’s provision for income taxes in the quarter in which such change occurs. Interest and penalties related to uncertain tax positions are recognized in Applied’s provision for income taxes. Derivative Financial Instruments Applied uses financial instruments, such as forward exchange and currency option contracts, to hedge a portion of, but not all, existing and anticipated foreign currency denominated transactions typically expected to occur within 24 months. The purpose of Applied’s foreign currency management is to mitigate the effect of exchange rate fluctuations on certain foreign currency denominated revenues, costs and eventual cash flows. In certain cases, Applied also uses interest rate swap or lock agreements to hedge against the variability of cash flows due to changes in the benchmark interest rate of fixed rate debt. The terms of derivative financial instruments used for hedging purposes are generally consistent with the timing of the transactions being hedged. Applied’s derivative financial instruments are recorded as assets or liabilities at fair value. For derivative instruments designated and qualifying as cash flow hedges, the gain or loss is reported as a component of accumulated other comprehensive income (loss) in stockholders’ equity, and is reclassified into earnings when the hedged transaction affects earnings. Any portion excluded from the assessment of effectiveness is recognized in the same line as the hedged transaction but may be recognized in a different manner, e.g. amortized. If a hedged transaction becomes probable of not occurring according to the original strategy, the hedge relationship is discontinued and the gain or loss on the associated derivative is recorded promptly in earnings. For hedges of existing foreign currency denominated assets or liabilities, the gain or loss is recorded promptly in earnings to offset the changes in the fair value of the assets or liabilities being hedged. Foreign Currency As of October 31, 2021, all of Applied’s subsidiaries use the United States dollar as their functional currency. Accordingly, assets and liabilities of these subsidiaries are remeasured using exchange rates in effect at the end of the period, except for non-monetary assets, such as inventories and property, plant and equipment, which are remeasured using historical exchange rates. Foreign currency-denominated revenues and costs are remeasured using average exchange rates for the period, except for costs related to the non-monetary assets and liabilities, which are remeasured using historical exchange rates. The resulting remeasurement gains and losses are included in interest and other income, net in the Consolidated Statements of Operations as incurred. Concentrations of Credit Risk Financial instruments that potentially subject Applied to significant concentrations of credit risk consist principally of cash equivalents, investments, trade accounts receivable and derivative financial instruments used in hedging activities. Applied invests in a variety of financial instruments, such as, but not limited to, commercial paper, corporate and municipal bonds, United States Treasury and agency securities, and asset-backed and mortgage-backed securities, and, by policy, limits the amount of credit exposure with any one financial institution or commercial issuer. Applied is exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments, but does not expect any counterparties to fail to meet their obligations. Applied performs ongoing credit evaluations of its customers’ financial condition and generally requires no collateral to secure accounts receivable. Applied maintains an allowance reserve for potentially uncollectible accounts receivable based on its assessment of the collectability of accounts receivable. Applied regularly reviews the allowance by considering factors such as historical experience, credit quality, age of the accounts receivable balances, and current economic conditions that may affect a customer’s ability to pay. In addition, Applied utilizes deposits and/or letters of credit to mitigate credit risk when considered appropriate. Recent Accounting Pronouncements Accounting Standards Adopted Leases. In February 2016, the Financial Accounting Standard Board (FASB) issued authoritative guidance for lease accounting, which requires lessees to recognize lease assets and liabilities on the balance sheet for certain lease arrangements that are classified as operating leases under the previous standard, and to provide for enhanced disclosures. Applied adopted this guidance in the first quarter of fiscal 2020 using the modified retrospective transition method which required applying the new standard as of the beginning of the period of adoption with no adjustment to comparative prior periods. Applied elected the package of practical expedients permitted under the transition guidance, which allow Applied not to reassess whether a contract contains a lease, initial direct costs and lease classification for leases existing prior to adoption. Applied also elected to combine the lease and non-lease components as a single lease component and not to use hindsight in determining the lease term. Upon adoption, Applied recognized right-of-use assets of $160 million, net of deferred rent of $4 million and lease liabilities of $164 million. Retirement Benefits: Changes to the Disclosure Requirements for Defined Benefit and other Postretirement Plans. In August 2018, the Financial Accounting Standard Board (FASB) issued authoritative guidance that adds, removes, and clarifies disclosure requirements for defined benefit and other postretirement plans. Applied adopted this guidance in the first quarter of fiscal 2021 on a retrospective basis. The adoption of this guidance did not have a significant impact on Applied’s defined benefit and other postretirement disclosures. Goodwill Impairment. In January 2017, the FASB issued authoritative guidance that simplifies the process required to test goodwill for impairment. Applied adopted this guidance in the first quarter of fiscal 2021. The adoption of this guidance did not have a significant impact on Applied’s consolidated condensed financial statements. Financial Instruments: Credit Losses. In June 2016, the FASB issued authoritative guidance that modifies the impairment model for certain financial assets by requiring use of an expected loss methodology, which will result in more timely recognition of credit losses. Applied adopted this guidance in the first quarter of fiscal 2021 on a modified retrospective basis. The adoption of this guidance did not have a significant impact on Applied’s consolidated condensed financial statements. Accounting Standards Not Yet Adopted Simplifying the Accounting for Income Taxes. In December 2019, the FASB issued an accounting standard update to simplify the accounting for income taxes (Topic 740). This amendment removes certain exceptions and improves consistent application of accounting principles for certain areas in Topic 740. Applied will adopt this authoritative guidance in the first quarter of fiscal 2022. The adoption of this guidance is not expected to have a significant impact on Applied’s consolidated financial statements. Contract Assets and Contract Liabilities from Revenue Contracts with Customers in a Business Combination. In October 2021, the FASB issued an accounting standard update to improve the accounting for contract assets and contract liabilities from revenue contracts with customers in a business combination (Topic 805). This amendment improves comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. This authoritative guidance will be effective for Applied in the first quarter of fiscal 2024, with early adoption permitted. Applied is currently evaluating the effect of this new guidance on Applied’s consolidated financial statements.

Goodwill, Purchased Technology and Other Intangible Assets (Amortization Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 49	$ 56	$ 57
Cost of products sold
Finite-Lived Intangible Assets [Line Items]
Amortization expense	29	37	38
Research, development, and engineering
Finite-Lived Intangible Assets [Line Items]
Amortization expense	1	1	1
Marketing and selling
Finite-Lived Intangible Assets [Line Items]
Amortization expense	19	18	18
Operating Segments \| Semiconductor Systems
Finite-Lived Intangible Assets [Line Items]
Amortization expense	41	40	43
Operating Segments \| Applied Global Services
Finite-Lived Intangible Assets [Line Items]
Amortization expense	1	1	1
Operating Segments \| Display and Adjacent Markets
Finite-Lived Intangible Assets [Line Items]
Amortization expense	5	13	13
Corporate and Other
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 2	$ 2	$ 0

Consolidated Statements of Stockholders' Equity - USD ($)
shares in Millions, $ in Millions

Total

Cumulative Effect, Period of Adoption, Adjustment

^[1]

Common Stock

Additional Paid-In Capital

Retained Earnings

^[2]

Retained Earnings

Cumulative Effect, Period of Adoption, Adjustment

^[1],[2]

Treasury Stock

Accumulated Other Comprehensive Income (Loss)

Cumulative Effect, Period of Adoption, Adjustment

^[1]

Beginning Balance (in shares) at Oct. 28, 2018

967

(1,019)

Beginning Balance at Oct. 28, 2018

$ 6,845

$ 1,553

$ 10

$ 7,274

$ 20,880

$ 1,570

$ (21,194)

$ (125)

$ (17)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income

2,706

Other comprehensive income (loss), net of tax

(38)

Dividends declared

(770)

Share-based compensation

263

Issuance under stock plans (in shares)

Issuance under stock plans

$ 58

Common stock repurchases, (in shares)

(60)

Common stock repurchases

$ (2,403)

$ (1)

$ (2,402)

Ending Balance (in shares) at Oct. 27, 2019

916

(1,079)

Ending Balance at Oct. 27, 2019

8,214

$ 9

7,595

24,386

$ (23,596)

(180)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income

3,619

Other comprehensive income (loss), net of tax

(119)

Dividends declared

(796)

Share-based compensation

307

Issuance under stock plans (in shares)

Issuance under stock plans

$ 2

Common stock repurchases, (in shares)

(12)

Common stock repurchases

$ (649)

$ 0

$ (649)

Ending Balance (in shares) at Oct. 25, 2020

914

(1,091)

Ending Balance at Oct. 25, 2020

10,578

$ 9

7,904

27,209

$ (24,245)

(299)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income

5,888

Other comprehensive income (loss), net of tax

Dividends declared

(851)

Share-based compensation

346

Issuance under stock plans (in shares)

Issuance under stock plans

$ (3)

(3)

Common stock repurchases, (in shares)

(28)

Common stock repurchases

$ (3,750)

Ending Balance (in shares) at Oct. 31, 2021

892

(1,119)

Ending Balance at Oct. 31, 2021

$ 12,247

$ 9

$ 8,247

$ 32,246

$ (27,995)

$ (260)

[1]	Represents the adjustment related to the adoption of Accounting Standard Update (ASU) 2016-01 Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities and ASU 2016-16 Income Tax (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.
[2]	Retained earnings balance as of October 28, 2018 included an increase of $6 million related to the adoption of the standard related to revenue recognition.

Goodwill, Purchased Technology and Other Intangible Assets (Goodwill) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020
Goodwill [Line Items]
Goodwill	$ 3,479	$ 3,466
Corporate and Other
Goodwill [Line Items]
Goodwill	41	41
Semiconductor Systems \| Operating Segments
Goodwill [Line Items]
Goodwill	2,207	2,208
Applied Global Services \| Operating Segments
Goodwill [Line Items]
Goodwill	1,032	1,018
Display and Adjacent Markets \| Operating Segments
Goodwill [Line Items]
Goodwill	$ 199	$ 199

Employee Benefit Plans (Future Expected Benefit Payments) (Details) $ in Millions	Oct. 31, 2021 USD ($)
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2022	$ 11
2023	13
2024	15
2025	14
2026	15
2027-2031	99
Total	$ 167

Goodwill, Purchased Technology and Other Intangible Assets (Tables)

12 Months Ended

Oct. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Details of goodwill were as follows:


	October 31, 2021	October 25, 2020


	(In millions)
Semiconductor Systems		$	2,207	$	2,208
Applied Global Services		1,032		1,018
Display and Adjacent Markets		199		199
Corporate and Other		41		41
Carrying amount		$	3,479	$	3,466

Summary of purchased technology and intangible assets

A summary of Applied’s purchased technology and intangible assets is set forth below:


	October 31, 2021		October 25, 2020

	(In millions)
Purchased technology, net	$	46	$	75
Intangible assets - finite-lived, net	58		78

Total	$	104	$	153

Finite-lived intangible assets

Details of finite-lived intangible assets were as follows:


	October 31, 2021						October 25, 2020
	Purchased Technology		Other Intangible Assets		Total		Purchased Technology		Other Intangible Assets		Total

	(In millions)
Gross carrying amount:
Semiconductor Systems	$	1,476	$	256	$	1,732	$	1,476	$	256	$	1,732
Applied Global Services	35		44		79		35		44		79
Display and Adjacent Markets	163		38		201		163		38		201
Corporate and Other	13		16		29		13		16		29
Gross carrying amount	$	1,687	$	354	$	2,041	$	1,687	$	354	$	2,041
Accumulated amortization:
Semiconductor Systems	$	(1,446)	$	(203)	$	(1,649)	$	(1,423)	$	(185)	$	(1,608)
Applied Global Services	(32)		(44)		(76)		(31)		(44)		(75)
Display and Adjacent Markets	(161)		(38)		(199)		(157)		(37)		(194)
Corporate and Other	(2)		(11)		(13)		(1)		(10)		(11)
Accumulated amortization	$	(1,641)	$	(296)	$	(1,937)	$	(1,612)	$	(276)	$	(1,888)
Carrying amount	$	46	$	58	$	104	$	75	$	78	$	153

Summary of amortization expense

Details of amortization expense for each fiscal year by segment were as follows:


	2021		2020		2019

	(In millions)
Semiconductor Systems	$	41	$	40	$	43
Applied Global Services	1		1		1
Display and Adjacent Markets	5		13		13
Corporate and Other	2		2		—
Total	$	49	$	56	$	57

Schedule of categories amortization expense was charged to

Amortization expense for each fiscal year was charged to the following categories:


	2021		2020		2019

	(In millions)
Cost of products sold	$	29	$	37	$	38
Research, development and engineering	1		1		1
Marketing and selling	19		18		18

Total	$	49	$	56	$	57

Future estimated amortization expense

As of October 31, 2021, future estimated amortization expense is expected to be as follows:


	Amortization Expense
	(In millions)
2022	$	33
2023	20
2024	17
2025	15
2026	15
Thereafter	4
Total	$	104

Severance and Related Charges (Tables)

12 Months Ended

Oct. 31, 2021

Restructuring and Related Activities [Abstract]

Schedule of Severance and Related Charges by Segment

Severance and related charges by segment were as follows:


	2021
	(In millions)
Display and Adjacent Markets	$	8
Corporate and Other	149
Total	$	157

Schedule of Changes in Severance and Related Charges Reserves

Changes in severance and related charges reserves related to the Fiscal 2021 Severance Plan described above were as follows:


	Severance and Related Charges Reserves

	(In millions)
Balance as of October 25, 2020	$	—
Provision for severance	158
Adjustment to provision for severance	(1)
Consumption of reserves	(140)
Balance as of October 31, 2021	$	17

Goodwill, Purchased Technology and Other Intangible Assets (Purchased Technology and Intangible Assets) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020
Summary of Purchased Technology and Intangible Assets [Line Items]
Purchased technology and intangible assets	$ 104	$ 153
Purchased technology, net
Summary of Purchased Technology and Intangible Assets [Line Items]
Purchased technology and intangible assets	46	75
Intangible Assets
Summary of Purchased Technology and Intangible Assets [Line Items]
Purchased technology and intangible assets	$ 58	$ 78

Industry Segment Operations (Narrative) (Details)	12 Months Ended
Industry Segment Operations (Narrative) (Details)	Oct. 31, 2021 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Employee Benefit Plans (Narrative) (Details) $ in Millions	12 Months Ended
Employee Benefit Plans (Narrative) (Details) $ in Millions	Oct. 31, 2021 USD ($) Plan	Oct. 25, 2020 USD ($)	Oct. 27, 2019 USD ($)
Employee Bonus Plans
Charges to expense under Employee bonus plans	$ 631	$ 471	$ 292
Defined Benefit Pension Plans of Foreign Subsidiaries and Other Post-Retirement Benefits
Company contributions expected for next fiscal year	$ 7
Executive Deferred Compensation Plans
Number of unfunded plans \| Plan	2
Executive Deferred Compensation Plans
Executive Deferred Compensation Plans
Amounts payable under EDCP	$ 206	151
Savings and Retirement Plan
Employee Savings and Retirement Plan
Employer matching contribution, percent of match	100.00%
Employer matching contribution, percent of employees' gross pay	3.00%
Employer matching contribution, percent of match, second tier	50.00%
Percentage vested in matching contribution account	100.00%
401(K) Matching contributions	$ 61	$ 52	$ 49
Savings and Retirement Plan \| Minimum
Employee Savings and Retirement Plan
Employer matching contribution, percent of employees' gross pay, second tier	4.00%
Savings and Retirement Plan \| Maximum
Employee Savings and Retirement Plan
Employer matching contribution, percent of employees' gross pay, second tier	6.00%

Goodwill, Purchased Technology and Other Intangible Assets

12 Months Ended

Oct. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Purchased Technology and Other Intangible Assets

Goodwill and Purchased Intangible Assets

Applied’s methodology for allocating the purchase price relating to purchase acquisitions is determined through established and generally accepted valuation techniques. Goodwill is measured as the excess of the purchase price over the sum of the amounts assigned to tangible and identifiable intangible assets acquired less liabilities assumed. Applied assigns assets acquired (including goodwill) and liabilities assumed to one or more reporting units as of the date of acquisition. Typically, acquisitions relate to a single reporting unit and thus do not require the allocation of goodwill to multiple reporting units. If the products obtained in an acquisition are assigned to multiple reporting units, the goodwill is distributed to the respective reporting units as part of the purchase price allocation process.

Goodwill and purchased intangible assets with indefinite useful lives are not amortized but are reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The process of evaluating the potential impairment of goodwill and intangible assets requires significant judgment, especially in emerging markets. When reviewing goodwill for impairment, Applied first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value.

In performing a qualitative assessment, Applied considers business conditions and other factors including, but not limited to (i) adverse industry or economic trends, (ii) restructuring actions and lower projections that may impact future operating results, (iii) sustained decline in share price, and (iv) overall financial performance and other events affecting the reporting units. If Applied concludes that is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test is performed by estimating the fair value of the reporting unit and comparing it to its carrying value. If the carrying value of a reporting unit exceeds its fair value, Applied would record an impairment charge equal to the excess of the carrying value of the reporting unit’s goodwill over its fair value.

As of October 31, 2021, Applied’s reporting units include Semiconductor Products Group and Imaging and Process Control Group, which combine to form the Semiconductor Systems reporting segment, Applied Global Services, Display and Adjacent Markets and other reporting units recorded under Corporate and Other.

In the fourth quarter of fiscal 2021, Applied performed a qualitative assessment to test goodwill for all of its reporting units for impairment. Applied determined that it was more likely than not that each of its reporting units’ fair values exceeded their respective carrying values and that it was not necessary to perform the quantitative goodwill impairment test for any of its reporting units.

The evaluation of goodwill and intangible assets for impairment requires the exercise of significant judgment. In the event of future changes in business conditions, Applied will be required to reassess and update its forecasts and estimates used in future impairment analyses. If the results of these future analyses are lower than current estimates, a material impairment charge may result at that time.

Details of goodwill were as follows:


	October 31, 2021	October 25, 2020


	(In millions)
Semiconductor Systems		$	2,207	$	2,208
Applied Global Services		1,032		1,018
Display and Adjacent Markets		199		199
Corporate and Other		41		41
Carrying amount		$	3,479	$	3,466

From time to time, Applied makes acquisitions of companies related to existing or new markets for Applied. During fiscal 2021, goodwill increased by $13 million primarily due to an acquisition during the first quarter of fiscal 2021, which was not material to Applied’s results of operations.

A summary of Applied’s purchased technology and intangible assets is set forth below:


	October 31, 2021		October 25, 2020

	(In millions)
Purchased technology, net	$	46	$	75
Intangible assets - finite-lived, net	58		78

Total	$	104	$	153

Finite-Lived Purchased Intangible Assets

Applied amortizes purchased intangible assets with finite lives using the straight-line method over the estimated economic lives of the assets, ranging from 1 to 15 years.

Applied evaluates long-lived assets for impairment whenever events or changes in circumstances indicate the carrying value of an asset group may not be recoverable. Applied assesses the fair value of the assets based on the amount of the undiscounted future cash flow that the assets are expected to generate and recognizes an impairment loss when estimated undiscounted future cash flow expected to result from the use of the asset, plus net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. When Applied identifies an impairment, Applied reduces the carrying value of the group of assets to comparable market values, when available and appropriate, or to its estimated fair value based on a discounted cash flow approach.

Intangible assets, such as purchased technology, are generally recorded in connection with a business acquisition. The value assigned to intangible assets is usually based on estimates and judgments regarding expectations for the success and life cycle of products and technology acquired. Applied evaluates the useful lives of its intangible assets each reporting period to determine whether events and circumstances require revising the remaining period of amortization. In addition, Applied reviews intangible assets for impairment when events or changes in circumstances indicate their carrying value may not be recoverable. Management considers such indicators as significant differences in actual product acceptance from the estimates, changes in the competitive and economic environments, technological advances, and changes in cost structure.

Details of finite-lived intangible assets were as follows:


	October 31, 2021						October 25, 2020
	Purchased Technology		Other Intangible Assets		Total		Purchased Technology		Other Intangible Assets		Total

	(In millions)
Gross carrying amount:
Semiconductor Systems	$	1,476	$	256	$	1,732	$	1,476	$	256	$	1,732
Applied Global Services	35		44		79		35		44		79
Display and Adjacent Markets	163		38		201		163		38		201
Corporate and Other	13		16		29		13		16		29
Gross carrying amount	$	1,687	$	354	$	2,041	$	1,687	$	354	$	2,041
Accumulated amortization:
Semiconductor Systems	$	(1,446)	$	(203)	$	(1,649)	$	(1,423)	$	(185)	$	(1,608)
Applied Global Services	(32)		(44)		(76)		(31)		(44)		(75)
Display and Adjacent Markets	(161)		(38)		(199)		(157)		(37)		(194)
Corporate and Other	(2)		(11)		(13)		(1)		(10)		(11)
Accumulated amortization	$	(1,641)	$	(296)	$	(1,937)	$	(1,612)	$	(276)	$	(1,888)
Carrying amount	$	46	$	58	$	104	$	75	$	78	$	153

Details of amortization expense for each fiscal year by segment were as follows:


	2021		2020		2019

	(In millions)
Semiconductor Systems	$	41	$	40	$	43
Applied Global Services	1		1		1
Display and Adjacent Markets	5		13		13
Corporate and Other	2		2		—
Total	$	49	$	56	$	57

Amortization expense for each fiscal year was charged to the following categories:


	2021		2020		2019

	(In millions)
Cost of products sold	$	29	$	37	$	38
Research, development and engineering	1		1		1
Marketing and selling	19		18		18

Total	$	49	$	56	$	57

As of October 31, 2021, future estimated amortization expense is expected to be as follows:


	Amortization Expense
	(In millions)
2022	$	33
2023	20
2024	17
2025	15
2026	15
Thereafter	4
Total	$	104

Accounts Receivable, Net (Tables)

12 Months Ended

Oct. 31, 2021

Receivables [Abstract]

Changes in allowance for doubtful accounts

Changes in allowance for credit losses in each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Beginning balance	$	30	$	30	$	33
Provision	—		—		—
Deductions1	(1)		—		(3)
Ending balance	$	29	$	30	$	30

_____________________________

1 Deductions primarily represent releases of credit losses credited to expense as a result of an overall lower risk profile of Applied’s customers and cash collections.

Summary of Significant Accounting Policies (Derivative Financial Instruments) (Details)	12 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Time period for hedging of foreign currency transactions	24 months

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 5,888	$ 3,619	$ 2,706
Other comprehensive income (loss), net of tax:
Change in unrealized gain (loss) on available-for-sale investments	(21)	9	21
Change in unrealized net loss on derivative instruments	30	(117)
Change in unrealized net loss on derivative instruments			(7)
Change in defined and postretirement benefit plans	30	(11)	(51)
Change in cumulative translation adjustments	0	0	(1)
Other comprehensive income (loss), net of tax	39	(119)	(38)
Comprehensive income	$ 5,927	$ 3,500	$ 2,668

Leases

12 Months Ended

Oct. 31, 2021

Leases [Abstract]

Leases

A contract contains a lease when Applied has the right to control the use of an identified asset for a period of time in exchange for consideration. Applied leases certain facilities, vehicles and equipment under non-cancelable operating leases, many of which include options to renew. Options that are reasonably certain to be exercised are included in the calculation of the right-of-use asset and lease liability. Applied’s leases do not contain residual value guarantees or significant restrictions that impact the accounting for leases. As implicit rates are not available for the leases, Applied uses the incremental borrowing rate as of the lease commencement date in order to measure the right-of-use asset and liability. Operating lease expense is generally recognized on a straight-line basis over the lease term.

Applied elected the practical expedient to account for lease and non-lease components as a single lease component for all leases. For leases with a term of one year or less, Applied elected not to record a right-of-use asset or lease liability and to account for the associated lease payments as they become due.

The components of lease expense and supplemental information were as follows:


	2021			2020
	(In millions, except percentage)
Operating lease cost	$	79		$	69
Weighted-average remaining lease term (in years)	5.1			5.2
Weighted-average discount rate	1.7		%	1.8		%

Total rent expense for fiscal 2019 was $51 million.

Supplemental cash flow information related to leases are as follows:


	2021		2020
	(In millions)
Operating cash flows paid for operating leases	$	79	$	70
Right-of-use assets obtained in exchange for operating lease liabilities	$	123	$	156

As of October 31, 2021, the maturities of lease liabilities are as follows:


	Operating Leases
Fiscal	(In millions)
2022	$	78
2023	71
2024	61
2025	48
2026	18
Thereafter	39
Total lease payments	315
Less imputed interest	(14)
Total	$	301

Income Taxes (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	12 Months Ended
	Jul. 28, 2019	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Income Tax Examination [Line Items]
GILTI benefit reversed	$ 96
Tax holiday benefit		$ 370	$ 215
Tax holiday benefit per diluted share (in dollars per share)		$ 0.40	$ 0.23
Unrecognized tax benefits, decrease resulting from settlements with taxing authorities		$ 0	$ 446	$ 1
Increases in tax positions for prior years		23	91	441
Income tax penalties and interest expense (benefit)		14	24	24
Unrecognized tax benefits that would impact effective tax rate		442	410	758
Noncurrent Liabilities
Income Tax Examination [Line Items]
Interest and penalties related to uncertain tax positions		88	74	$ 50
Research and development tax credit carryforwards \| State and Local Jurisdiction
Income Tax Examination [Line Items]
Tax credit carryforwards		369
Carried over until exhausted \| State and Local Jurisdiction
Income Tax Examination [Line Items]
Tax credit carryforwards		345
Carried over the next fifteen years \| State and Local Jurisdiction
Income Tax Examination [Line Items]
Tax credit carryforwards		$ 20
Tax credit carryforward, term		15 years
SINGAPORE
Income Tax Examination [Line Items]
Foreign statutory income tax rate		17.00%
Income tax expense recognized from settled tax audits			26
SINGAPORE \| Foreign Tax Authority
Income Tax Examination [Line Items]
Income tax paid or accrued			72
Unrecognized tax benefits, decrease resulting from settlements with taxing authorities			$ 374

Balance Sheet Detail (Tables)

12 Months Ended

Oct. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Inventories


	October 31, 2021		October 25, 2020

	(In millions)
Inventories
Customer service spares	$	1,251	$	1,270
Raw materials	1,136		870
Work-in-process	873		624
Finished goods	1,049		1,140
	$	4,309	$	3,904

Other current assets


	October 31, 2021		October 25, 2020

	(In millions)
Other Current Assets


Prepaid income taxes and income taxes receivable	$	593	$	162
Prepaid expenses and other	793		602
	$	1,386	$	764

Property, plant and equipment, net


	Useful Life	October 31, 2021		October 25, 2020

	(In years)	(In millions)
Property, Plant and Equipment, Net
Land and improvements		$	334	$	256
Buildings and improvements	3-30	1,780		1,655
Demonstration and manufacturing equipment	3-5	1,820		1,586
Furniture, fixtures and other equipment	3-5	720		646
Construction in progress		326		237
Gross property, plant and equipment		4,980		4,380
Accumulated depreciation		(3,046)		(2,776)
		$	1,934	$	1,604

Deferred income taxes and other assets


	October 31, 2021		October 25, 2020

	(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes	$	1,623	$	1,711
Operating lease right-of-use assets	294		252
Income tax receivables and other assets	229		260
	$	2,146	$	2,223

Accounts payable and accrued expenses


	October 31, 2021		October 25, 2020

	(In millions)
Accounts Payable and Accrued Expenses
Accounts payable	$	1,472	$	1,124

Compensation and employee benefits	924		800

Warranty	242		201
Dividends payable	214		201
Income taxes payable	734		222
Other accrued taxes	24		33
Interest payable	39		36
Operating lease liabilities, current	73		64

Other	546		457
	$	4,268	$	3,138

Other liabilities


	October 31, 2021		October 25, 2020

	(In millions)
Other Liabilities


Defined and postretirement benefit plans	$	193	$	241
Operating lease liabilities, non-current	228		195
Other	271		226
	$	692	$	662

Industry Segment Operations (Segment Reconciling Items) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net sales	$ 23,063	$ 17,202	$ 14,608
Share-based compensation	(346)	(307)	(263)
Severance and related charges	(157)	0	0
Deal termination fee	(154)	0	0
Income from operations	6,889	4,365	3,350
Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
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)	0	0
Deal termination fee	(154)	0	0
Income from operations	$ (1,244)	$ (767)	$ (509)

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Summary of Significant Accounting Policies (Intangible Assets) (Details)	12 Months Ended
	Oct. 31, 2021
Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives	15 years

Accounts Receivable, Net (Net of Allowance for Doubtful Accounts) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Changes in allowance for doubtful accounts
Beginning balance	$ 30	$ 30	$ 33
Provision	0	0	0
Deductions	(1)	0	(3)
Ending balance	$ 29	$ 30	$ 30

Cash and Cash Equivalents (Gain (Loss) on Equity Investments) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Debt and Equity Securities, FV-NI [Line Items]
Total gain (loss) on equity investments, net	$ 99	$ 9	$ 36
Publicly traded equity securities
Debt and Equity Securities, FV-NI [Line Items]
Unrealized gain	14	14	28
Unrealized loss	(11)	(17)	(5)
Realized gain on sales	2	1	2
Equity investments in privately-held companies
Debt and Equity Securities, FV-NI [Line Items]
Unrealized gain	65	18	13
Unrealized loss	(12)	(7)	(6)
Realized gain on sales	48	8	5
Realized loss on sales or impairment	$ (7)	$ (8)	$ (1)

Borrowing Facilities and Debt (Narrative) (Details) - USD ($)	1 Months Ended			12 Months Ended
	Jun. 30, 2020	May 31, 2020	Feb. 29, 2020	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019	Mar. 31, 2021	Aug. 31, 2019
Line of Credit Facility [Line Items]
Commercial paper program amount				$ 1,500,000,000
Debt repayments				0	$ 2,882,000,000	$ 0
Loss on extinguishment of debt	$ 33,000,000
Commercial paper, corporate bonds and medium-term notes
Line of Credit Facility [Line Items]
Current portion of long-term debt				0	0
Senior Notes
Line of Credit Facility [Line Items]
Long-term debt principal amount				5,500,000,000	5,500,000,000
Senior Notes \| 1.750% Senior Notes Due 2030
Line of Credit Facility [Line Items]
Long-term debt principal amount		$ 750,000,000		$ 750,000,000	750,000,000
Stated interest rate		1.75%		1.75%
Senior Notes \| 2.750% Senior Notes Due 2050
Line of Credit Facility [Line Items]
Long-term debt principal amount		$ 750,000,000		$ 750,000,000	750,000,000
Stated interest rate		2.75%		2.75%
Senior Notes \| 4.3% Percent Unsecured Senior Notes Due 2021 And 2.625% Percent Unsecured Senior Notes Due 2020
Line of Credit Facility [Line Items]
Debt repayments		$ 1,400,000,000
Senior Notes \| 4.300% Senior Notes Due 2021
Line of Credit Facility [Line Items]
Stated interest rate	4.30%
Debt repayments	$ 750,000,000
Senior Notes \| 2.625% Senior Notes Due 2020
Line of Credit Facility [Line Items]
Stated interest rate	2.625%
Debt repayments	$ 600,000,000
Revolving Credit \| Unsecured Debt
Line of Credit Facility [Line Items]
Debt instrument term			5 years
Available revolving credit agreement			$ 1,500,000,000
Accordion feature, increase limit			500,000,000
Accordion feature, higher borrowing capacity option			$ 2,000,000,000
Amount outstanding				$ 0	0
Foreign Line of Credit
Line of Credit Facility [Line Items]
Available revolving credit agreement				70,000,000
Amount outstanding				$ 0	$ 0
Line of Credit \| Unsecured Term Loan
Line of Credit Facility [Line Items]
Available revolving credit agreement								$ 2,000,000,000
Amount outstanding							$ 0

Balance Sheet Detail (Other Current Assets) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020
Other Current Assets
Prepaid income taxes and income taxes receivable	$ 593	$ 162
Prepaid expenses and other	793	602
Total other current assets	$ 1,386	$ 764

Derivative Instruments and Hedging Activities

12 Months Ended

Oct. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

Derivative Financial Instruments

Applied conducts business in a number of foreign countries, with certain transactions denominated in local currencies, such as the Japanese yen, Israeli shekel, euro and Taiwanese dollar. Applied uses derivative financial instruments, such as forward exchange contracts and currency option contracts, to hedge certain forecasted foreign currency denominated transactions expected to occur typically within the next 24 months. The purpose of Applied’s foreign currency management is to mitigate the effect of exchange rate fluctuations on certain foreign currency denominated revenues, costs and eventual cash flows. The terms of currency instruments used for hedging purposes are generally consistent with the timing of the transactions being hedged.

Applied does not use derivative financial instruments for trading or speculative purposes. Derivative instruments and hedging activities, including foreign currency exchange and interest rate contracts, are recognized on the balance sheet at fair value. Changes in the fair value of derivatives that do not qualify for hedge accounting treatment are recognized currently in earnings. All of Applied’s derivative financial instruments are recorded at their fair value in other current assets or in accounts payable and accrued expenses.

Hedges related to anticipated transactions are designated and documented at the inception of the hedge as cash flow hedges and foreign exchange derivatives are typically entered into once per month. Cash flow hedges are evaluated for effectiveness quarterly. The effective portion of the gain or loss on these hedges is reported as a component of AOCI in stockholders’ equity and is reclassified into earnings when the hedged transaction affects earnings. The majority of the after-tax net income or loss related to foreign exchange derivative instruments included in AOCI at October 31, 2021 is expected to be reclassified into earnings within 12 months. Changes in fair value caused by changes in time value of option contracts designated as cash flow hedges are excluded from the assessment of effectiveness. The initial value of this excluded component is amortized on a straight-line basis over the life of the hedging instrument and recognized in the financial statement line item to which the hedge relates. If the transaction being hedged is probable not to occur, Applied promptly recognizes the gain or loss on the associated financial instrument in the consolidated condensed statement of operations. The amount recognized due to discontinuance of cash flow hedges that were probable of not occurring by the end of the originally specified time period was not significant for fiscal years 2021, 2020 or 2019.

Foreign currency forward contracts are generally used to hedge certain foreign currency denominated assets or liabilities. Accordingly, changes in the fair value of these hedges are recorded in earnings to offset the changes in the fair value of the assets or liabilities being hedged.

As of October 31, 2021 and October 25, 2020, the total outstanding notional amount of foreign exchange contracts was $2.1 billion and $1.6 billion, respectively. The fair values of foreign exchange derivative instruments at October 31, 2021 and October 25, 2020 were not material.

Applied is also exposed to interest rate risk associated with its potential future borrowings. During fiscal 2020, Applied entered into a series of interest rate contracts to hedge against the variability of cash flows due to changes in the benchmark interest rate of fixed rate debt. These instruments were designated as cash flow hedges at inception and were settled in conjunction with the issuance of debt in May 2020.

The gain (loss) on derivatives in cash flow hedging relationships recognized in AOCI for derivatives designated as hedging instruments for the indicated periods were as follows:


	Derivatives in Cash Flow Hedging Relationships
	2021		2020		2019
	(In millions)
Foreign exchange contracts	$	36	$	3	$	(14)
Interest rate contracts	—		(151)		—
Total	$	36	$	(148)	$	(14)

The effects of derivative instruments and hedging activities on the Consolidated Statements of Operations were as follows:


			Derivatives in Cash Flow Hedging Relationships
	Total Amount Presented in the Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded		Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations		Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations
	(In millions)
2021
Foreign Exchange Contracts:
Net Sales	$	23,063	$	4	$	—
Cost of products sold	$	12,149	2		(2)
Research, development and engineering	$	2,485	3		—

General and administrative	$	620	1		—
Interest Rate Contracts:
Interest expense	$	236	(13)		—
			$	(3)	$	(2)

2020
Foreign Exchange Contracts:
Net Sales	$	17,202	$	(2)	$	4
Cost of products sold	$	9,510	6		(3)
Research, development and engineering	$	2,234	4		—

General and administrative	$	567	1		—
Interest Rate Contracts:
Interest expense	$	240	(7)		—
			$	2	$	1

2019
Foreign Exchange Contracts:

Cost of products sold	$	8,222	$	2	$	15


General and administrative	$	461	(3)		(6)
Interest Rate Contracts:
Interest expense	$	237	(3)		—
			$	(4)	$	9


		Amount of Gain or (Loss) Recognized in Consolidated Statement of Operations
	Location of Gain or (Loss) Recognized in Consolidated Statement of Operations	2021		2020		2019

		(In millions)
Derivatives Not Designated as Hedging Instruments
Foreign exchange contracts	General and administrative	$	—	$	—	$	(8)
Foreign exchange contracts	Interest and other income, net	29		(10)		—
Total return swaps - deferred compensation	Cost of products sold	3		1		—
Total return swaps - deferred compensation	Operating expenses	29		6		—
Total return swaps - deferred compensation	Interest and other income, net	(1)		(1)		—
Total		$	60	$	(4)	$	(8)

Credit Risk Contingent Features

If Applied’s credit rating were to fall below investment grade, it would be in violation of credit risk contingent provisions of the derivative instruments discussed above, and certain counterparties to the derivative instruments could request immediate payment on derivative instruments in net liability positions. The aggregate fair value of all derivative instruments with credit-risk related contingent features that were in a net liability position was immaterial as of October 31, 2021 and October 25, 2020.

Entering into derivative contracts with banks exposes Applied to credit-related losses in the event of the banks’ nonperformance. However, Applied’s exposure is not considered significant.

Fair Value Measurements (Tables)

12 Months Ended

Oct. 31, 2021

Fair Value Disclosures [Abstract]

Financial assets/liabilities measured at fair value on a recurring basis

Financial assets (excluding cash balances) measured at fair value on a recurring basis are summarized below:


	October 31, 2021				October 25, 2020
	Level 1		Level 2		Total		Level 1		Level 2		Total

	(In millions)
Assets:
Available-for-sale debt security investments
Money market funds*	$	3,662	$	—	$	3,662	$	4,324	$	—	$	4,324
U.S. Treasury and agency securities	296		18		314		375		23		398
Non-U.S. government securities	—		5		5		—		—		—
Municipal securities	—		391		391		—		371		371
Commercial paper, corporate bonds and medium-term notes	—		597		597		—		499		499
Asset-backed and mortgage-backed securities	—		557		557		—		479		479
Total available-for-sale debt security investments	$	3,958	$	1,568	$	5,526	$	4,699	$	1,372	$	6,071
Equity investments with readily determinable values

Publicly traded equity securities	$	58	$	—	$	58	$	45	$	—	$	45
Total equity investments with readily determinable values	$	58	$	—	$	58	$	45	$	—	$	45
Total	$	4,016	$	1,568	$	5,584	$	4,744	$	1,372	$	6,116

_________________________

Earnings Per Share (Tables)

12 Months Ended

Oct. 31, 2021

Earnings Per Share [Abstract]

Elements used in computing both basic and diluted net earnings per share


Fiscal Year	2021		2020		2019

	(In millions, except per share amounts)
Numerator:
Net income	$	5,888	$	3,619	$	2,706
Denominator:
Weighted average common shares outstanding	910		916		937
Effect of weighted dilutive stock options, restricted stock units and employee stock purchase plan shares	9		7		8
Denominator for diluted earnings per share	919		923		945
Basic earnings per share	$	6.47	$	3.95	$	2.89
Diluted earnings per share	$	6.40	$	3.92	$	2.86
Potentially weighted dilutive securities	—		—		3

Cash, Cash Equivalents and Investments - Summary of Cash, Cash Equivalents and Investments (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Summary of Cash, Cash Equivalents and Investments
Cash	$ 1,407	$ 1,136
Total Cash equivalents	3,588	4,215
Total Cash and Cash equivalents	4,995	5,351	$ 3,129
Cost of fixed income securities	2,411
Estimated fair value of fixed income securities	5,526	6,071
Equity investments cost	583	132
Equity investments unrealized gain	121	61
Publicly traded equity securities, gross unrealized losses	17	9
Equity investments estimated fair value	687	184
Total short-term and long-term investments cost	2,411	1,847
Total short-term and long-term investments, gross unrealized gains	129	88
Total short-term and long-term investments, gross unrealized losses	21	10
Total short-term and long-term investments	2,519	1,925
Cash, cash equivalents and investments, cost	7,406	7,198
Cash, cash equivalents and investments, gross unrealized gains	129	88
Cash, cash equivalents and investments, gross unrealized losses	21	10
Cash, cash equivalents and investments, estimated fair value	7,514	7,276
Total fixed income securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	1,828	1,715
Gross unrealized gains on fixed income securities	8	27
Gross unrealized losses on fixed income securities	4	1
Estimated fair value of fixed income securities	1,832	1,741
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	314	394
Gross unrealized gains on fixed income securities	0	4
Gross unrealized losses on fixed income securities	0	0
Estimated fair value of fixed income securities	314	398
Non-U.S. government securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	5
Gross unrealized gains on fixed income securities	0
Gross unrealized losses on fixed income securities	0
Estimated fair value of fixed income securities	5
Municipal securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	367	359
Gross unrealized gains on fixed income securities	3	6
Gross unrealized losses on fixed income securities	1	0
Estimated fair value of fixed income securities	369	365
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	587	492
Gross unrealized gains on fixed income securities	2	8
Gross unrealized losses on fixed income securities	2	1
Estimated fair value of fixed income securities	587	499
Asset-backed and mortgage-backed securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	555	470
Gross unrealized gains on fixed income securities	3	9
Gross unrealized losses on fixed income securities	1	0
Estimated fair value of fixed income securities	557	479
Publicly traded equity securities
Summary of Cash, Cash Equivalents and Investments
Equity investments cost	22	11
Equity investments unrealized gain	39	36
Publicly traded equity securities, gross unrealized losses	3	2
Equity investments estimated fair value	58	45
Equity investments in privately-held companies
Summary of Cash, Cash Equivalents and Investments
Equity investments cost	561	121
Equity investments unrealized gain	82	25
Publicly traded equity securities, gross unrealized losses	14	7
Equity investments estimated fair value	629	139
Money market funds
Summary of Cash, Cash Equivalents and Investments
Total Cash equivalents	3,556	4,209
Municipal securities
Summary of Cash, Cash Equivalents and Investments
Total Cash equivalents	22	$ 6
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Total Cash equivalents	$ 10

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Narrative) (Details)	3 Months Ended												12 Months Ended
	Oct. 31, 2021 USD ($) $ / shares shares	Aug. 01, 2021 $ / shares	May 02, 2021 $ / shares	Jan. 31, 2021 $ / shares	Oct. 25, 2020 $ / shares	Jul. 26, 2020 $ / shares	Apr. 26, 2020 $ / shares	Jan. 26, 2020 $ / shares	Oct. 27, 2019 $ / shares	Jul. 28, 2019 $ / shares	Apr. 28, 2019 $ / shares	Jan. 27, 2019 $ / shares	Oct. 31, 2021 USD ($) employee_stock_purchase_plan $ / shares shares	Oct. 25, 2020 USD ($) $ / shares shares	Oct. 27, 2019 USD ($) $ / shares shares	Sep. 01, 2021 shares	Mar. 31, 2021 USD ($)	Mar. 11, 2021 shares	Feb. 28, 2018 USD ($)
Equity [Line Items]
Tax effects on the unrealized loss on derivative instruments qualifying as cash flow hedges \| $														$ 33,000,000
Stock Repurchase Program
Authorized amount \| $																	$ 7,500,000,000		$ 6,000,000,000
Remaining authorized repurchase amount \| $	$ 5,000,000,000												$ 5,000,000,000
Dividends
Cash dividend declared (usd per share) \| $ / shares	$ 0.24	$ 0.24	$ 0.24	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.21	$ 0.21	$ 0.21	$ 0.21	$ 0.20	$ 0.94	$ 0.87	$ 0.83
Payments of dividends \| $													$ 838,000,000	$ 787,000,000	$ 771,000,000
Employee Stock Incentive Plan
Share-based Compensation
Increase in capital shares reserved for future issuance (in shares)																		10,000,000
Employee Stock Purchase Plan
Share-based Compensation
Increase in capital shares reserved for future issuance (in shares)																11,300,000
Number of employee stock purchase plans \| employee_stock_purchase_plan													2
Employee Stock Purchase Plans
Purchase period													6 months
Number of shares issued under the ESPP (in shares)													3,000,000	3,000,000	4,000,000
Employee Stock
Share-based Compensation
Performance of total shareholder return													100.00%
Total unrecognized compensation expense \| $	$ 512,000,000												$ 512,000,000
Weighted average period for unrecognized compensation expense to be recognized													2 years 6 months
Employee Stock \| Employee Stock Purchase Plan
Employee Stock Purchase Plans
Purchase price of common stock, percent													85.00%
Stock Options
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Stock options scheduled to expire													7 years
Options granted (in shares)													0	0	0
Stock Options \| Employee Stock Incentive Plan
Share-based Compensation
Number of shares available for grant	35,000,000												35,000,000
Stock Options \| Employee Stock Purchase Plan
Share-based Compensation
Number of shares available for grant	16,000,000												16,000,000
Stock Options \| Minimum
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Stock options scheduled to be vested													3 years
Stock Options \| Maximum
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Stock options scheduled to be vested													4 years
Performance Shares/Performance Units
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Award measurement period													3 years
Weight of metric (as a percent)													50.00%
Additional performance-based awards to be earned upon certain levels of achievement (in shares)	1,200,000												1,200,000
Performance Shares/Performance Units \| Executive Officer
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Award measurement period													5 years
Performance Shares/Performance Units \| Minimum
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Award vesting rights as percentage of target amount													0.00%
Performance Shares/Performance Units \| Minimum \| Executive Officer
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Award vesting rights as percentage of target amount													0.00%
Performance Shares/Performance Units \| Maximum
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Award vesting rights as percentage of target amount													200.00%
Performance Shares/Performance Units \| Maximum \| Executive Officer
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Award vesting rights as percentage of target amount													200.00%
Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units \| Minimum
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Stock options scheduled to be vested													3 years
Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units \| Maximum
Stock Options, Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units
Stock options scheduled to be vested													4 years
United States \| Employee Stock Purchase Plan
Share-based Compensation
Number of employee stock purchase plans \| employee_stock_purchase_plan													1
Non-US \| Employee Stock Purchase Plan
Share-based Compensation
Number of employee stock purchase plans \| employee_stock_purchase_plan													1

Warranty, Guarantees, Commitments and Contingencies (Narrative) (Details) $ in Millions	12 Months Ended
	Oct. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Products warranty period	12 months
Maximum potential amount of future payments for letters of credit or other guarantee instruments	$ 500
Parent guarantees to banks	$ 144

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Income Statement [Abstract]
Net sales	$ 23,063	$ 17,202	$ 14,608
Cost of products sold	12,149	9,510	8,222
Gross profit	10,914	7,692	6,386
Operating expenses:
Research, development and engineering	2,485	2,234	2,054
Marketing and selling	609	526	521
General and administrative	620	567	461
Severance and related charges	157	0	0
Deal termination fee	154	0	0
Total operating expenses	4,025	3,327	3,036
Income from operations	6,889	4,365	3,350
Interest expense	236	240	237
Interest and other income, net	118	41	156
Income before income taxes	6,771	4,166	3,269
Provision for income taxes	883	547	563
Net income	$ 5,888	$ 3,619	$ 2,706
Earnings per share:
Basic (in dollars per share)	$ 6.47	$ 3.95	$ 2.89
Diluted (in dollars per share)	$ 6.40	$ 3.92	$ 2.86
Weighted average number of shares:
Basic (in shares)	910	916	937
Diluted (in shares)	919	923	945

Balance Sheet Detail (Inventory) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Inventories
Customer service spares	$ 1,251	$ 1,270
Raw materials	1,136	870
Work-in-process	873	624
Finished goods	1,049	1,140
Total Inventories	4,309	3,904	$ 3,474
Inventory at customer locations included in finished goods	58	16
Evaluation inventory	$ 380	$ 416

Summary of Significant Accounting Policies (Property Plant and Equipment Useful Life) (Details)	12 Months Ended
	Oct. 31, 2021
Buildings and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Buildings and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	30 years
Demonstration and manufacturing equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Demonstration and manufacturing equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Software \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Software \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Furniture, fixtures and other equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Furniture, fixtures and other equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Land improvements \| Maximum
Property, Plant and Equipment [Line Items]
Term of amortization	15 years
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Term of amortization	5 years

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Oct. 31, 2021
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of PresentationThe consolidated financial statements include the accounts of Applied Materials, Inc. and its subsidiaries (Applied or the Company) after elimination of intercompany balances and transactions. All references to a fiscal year apply to Applied’s fiscal year which ends on the last Sunday in October. Fiscal 2021, 2020 and 2019 contained 53, 52 and 52 weeks, respectively. The first fiscal quarter of 2021 contained 14 weeks, while the second, third and fourth quarters of fiscal 2021 contained 13 weeks. Each fiscal quarter of 2020 and 2019 contained 13 weeks.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make judgments, estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. On an ongoing basis, Applied evaluates its estimates, including those related to standalone selling price (SSP) related to revenue recognition, accounts receivable and sales allowances, fair values of financial instruments, inventories, intangible assets and goodwill, useful lives of intangible assets and property and equipment, fair values of share-based awards, and income taxes, among others. Applied bases its estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. As of October 31, 2021, the COVID-19 pandemic and worldwide response remains fluid. As a result, many of Applied’s estimates and assumptions are subject to increased judgment and volatility. These estimates may differ materially in future periods as the pandemic continues to evolve and additional information becomes available.
Cash Equivalents	Cash Equivalents All highly-liquid investments with a remaining maturity of three months or less at the time of purchase are considered to be cash equivalents. Cash equivalents consist primarily of investments in institutional money market funds.
Investments	Investments All of Applied’s investments, except equity investments, are classified as available-for-sale at the respective balance sheet dates. Investments classified as available-for-sale are measured and recorded in the Consolidated Balance Sheets at fair value, and unrealized gains and losses, net of tax, is reported as a separate component of other comprehensive income. Interest earned on cash and investments, as well as realized gains and losses on sale of securities, are included in interest and other income, net in the Consolidated Statements of Operations. Applied’s equity investments with readily determinable values consist of publicly traded equity securities. These investments are measured at fair value using quoted prices for identical assets in an active market. Privately-held equity investments without readily determinable fair value are measured at cost, less impairment, adjusted by observable price changes. Adjustments resulting from impairments and observable prices changes are recorded in the Consolidated Statements of Operations.
Allowance for Credit Losses	Allowance for Credit Losses Applied maintains an allowance for credit losses for estimated losses resulting from the inability of its customers to make required payments. This allowance is based on historical experience, credit evaluations, specific customer collection history and any customer-specific issues Applied has identified. Changes in circumstances, such as an unexpected material adverse change in a major customer’s ability to meet its financial obligation to Applied or its payment trends, may require Applied to further adjust its estimates of the recoverability of amounts due to Applied. Bad debt expense and any reversals are recorded in marketing and selling expenses in the Consolidated Statement of Operations.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out (FIFO) basis. Applied adjusts inventory carrying value for estimated obsolescence equal to the difference between the cost of inventory and the estimated net realizable value based upon assumptions about future demand and market conditions. Applied fully writes down inventories and noncancelable purchase orders for inventory deemed obsolete. Applied performs periodic reviews of inventory items to identify excess inventories on hand by comparing on-hand balances to anticipated usage using recent historical activity as well as anticipated or forecasted demand. If estimates of customer demand diminish further or market conditions become less favorable than those projected by Applied, additional inventory adjustments may be required.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment is stated at cost. Depreciation is provided over the estimated useful lives of the assets using the straight-line method. Estimated useful lives for financial reporting purposes are as follows: buildings and improvements, 3 to 30 years; demonstration and manufacturing equipment, 3 to 5 years; software, 3 to 5 years; and furniture, fixtures and other equipment, 3 to 5 years. Land improvements are amortized over the shorter of 15 years or the estimated useful life. Leasehold improvements are amortized over the shorter of five years or the lease term.
Intangible Assets	Intangible Assets Goodwill and indefinite-lived assets are not amortized, but are reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Purchased technology and other intangible assets are presented at cost, net of accumulated amortization, and are amortized over their estimated useful lives of 1 to 15 years using the straight-line method.
Long-Lived Assets	Long-Lived Assets Applied reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of these assets or asset group may not be recoverable. Applied assesses these assets for impairment based on estimated future cash flows from these assets.
Revenue from Contract with Customer	Revenue Recognition from Contracts with Customers Applied recognizes revenue when promised goods or services are transferred to a customer in an amount that reflects the consideration to which Applied expects to be entitled in exchange for those goods or services. Applied determines revenue recognition through the following five steps: (1) identification of the contract(s) with customers, (2) identification of the performance obligations in the contract, (3) determination of the transaction price, (4) allocation of the transaction price to the performance obligations in the contract, and (5) recognition of revenue when, or as, a performance obligation is satisfied. Identifying the contract(s) with customers. Applied sells manufacturing equipment, services, and spare parts directly to its customers in the semiconductor, display, and related industries. The Company generally considers written documentation including, but not limited to, signed purchase orders, master agreements, and sales orders as contracts provided that collection is probable. Collectability is assessed based on the customer’s creditworthiness determined by reviewing the customer’s published credit and financial information, historical payment experience, as well as other relevant factors. Identifying the performance obligations. Applied’s performance obligations include delivery of manufacturing equipment, service agreements, spare parts, installation, extended warranty and training. Applied’s service agreements are considered one performance obligation and may include multiple goods and services that Applied provides to the customer to deliver against a performance metric. Judgment is used to determine whether multiple promised goods or services in a contract should be accounted for separately or as a group. Determine the transaction price. The transaction price for Applied’s contracts with customers may include fixed and variable consideration. Applied includes variable consideration in the transaction price to the extent that it is probable that a significant reversal of revenue will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Allocate the transaction price to the performance obligations. A contract’s transaction price is allocated to each distinct performance obligation identified within the contract. Applied generally estimates the standalone selling price of a distinct performance obligation based on historical cost plus an appropriate margin. For contracts with multiple performance obligations, Applied allocates the contract’s transaction price to each performance obligation using the relative standalone selling price of each distinct good or service in the contract. Recognizing the revenue as performance obligations are satisfied. Applied recognizes revenue from equipment and spares parts at a point in time when Applied has satisfied its performance obligation by transferring control of the goods to the customer which typically occurs at shipment or delivery. Revenue from service agreements is recognized over time, typically within 12 months, as customers receive the benefits of services. The incremental costs to obtain a contract are not material. Payment Terms. Payment terms vary by contract. Generally, the majority of payments are due within a certain number of days from shipment of goods or performance of service. The remainder is typically due upon customer technical acceptance. Applied typically receives deposits on future deliverables from customers in the Display and Adjacent Markets segment and, in certain instances, may also receive deposits from customers in the Applied Global Services segment. Applied’s payment terms do not generally contain a significant financing component. Shipping and Handling Costs Applied accounts for shipping and handling activities related to contracts with customers as costs to fulfill our promise to transfer the associated products. Accordingly, amounts billed for shipping and handling costs are recorded as a component of net sales and costs as a component of cost of products sold.
Warranty	Warranty Applied provides for the estimated cost of warranty when revenue is recognized. Estimated warranty costs are determined by analyzing specific product, current and historical configuration statistics and regional warranty support costs. Applied’s warranty obligation is affected by product and component failure rates, material usage and labor costs incurred in correcting product failures during the warranty period. If actual warranty costs differ substantially from Applied’s estimates, revisions to the estimated warranty liability would be required. Applied also sells extended warranty contracts to its customers which provide an extension of the standard warranty coverage period of up to 2 years. Applied receives payment at the inception of the contract and recognizes revenue ratably over the extended warranty coverage period, as the customer simultaneously receives and consumes the benefits of the extended warranty.
Sales and Value Added Taxes	Sales and Value Added Taxes Taxes collected from customers and remitted to governmental authorities are presented on a net basis in the Consolidated Statements of Operations.
Research, Development and Engineering Costs	Research, Development and Engineering Costs Research, development and engineering costs are expensed as incurred.
Income Taxes	Income Taxes Applied recognizes a current tax liability for the estimated amount of income tax payable on tax returns for the current fiscal year. Deferred tax assets and liabilities are recognized for the estimated future tax effects of temporary differences between the book and tax bases of assets and liabilities. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. Deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. Applied recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized from such positions are estimated based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Any changes in judgment related to uncertain tax positions are recognized in Applied’s provision for income taxes in the quarter in which such change occurs. Interest and penalties related to uncertain tax positions are recognized in Applied’s provision for income taxes.
Derivative Financial Instruments	Derivative Financial InstrumentsApplied uses financial instruments, such as forward exchange and currency option contracts, to hedge a portion of, but not all, existing and anticipated foreign currency denominated transactions typically expected to occur within 24 months. The purpose of Applied’s foreign currency management is to mitigate the effect of exchange rate fluctuations on certain foreign currency denominated revenues, costs and eventual cash flows. In certain cases, Applied also uses interest rate swap or lock agreements to hedge against the variability of cash flows due to changes in the benchmark interest rate of fixed rate debt. The terms of derivative financial instruments used for hedging purposes are generally consistent with the timing of the transactions being hedged. Applied’s derivative financial instruments are recorded as assets or liabilities at fair value. For derivative instruments designated and qualifying as cash flow hedges, the gain or loss is reported as a component of accumulated other comprehensive income (loss) in stockholders’ equity, and is reclassified into earnings when the hedged transaction affects earnings. Any portion excluded from the assessment of effectiveness is recognized in the same line as the hedged transaction but may be recognized in a different manner, e.g. amortized. If a hedged transaction becomes probable of not occurring according to the original strategy, the hedge relationship is discontinued and the gain or loss on the associated derivative is recorded promptly in earnings. For hedges of existing foreign currency denominated assets or liabilities, the gain or loss is recorded promptly in earnings to offset the changes in the fair value of the assets or liabilities being hedged.
Foreign Currency	Foreign Currency As of October 31, 2021, all of Applied’s subsidiaries use the United States dollar as their functional currency. Accordingly, assets and liabilities of these subsidiaries are remeasured using exchange rates in effect at the end of the period, except for non-monetary assets, such as inventories and property, plant and equipment, which are remeasured using historical exchange rates. Foreign currency-denominated revenues and costs are remeasured using average exchange rates for the period, except for costs related to the non-monetary assets and liabilities, which are remeasured using historical exchange rates. The resulting remeasurement gains and losses are included in interest and other income, net in the Consolidated Statements of Operations as incurred.
Concentrations of Credit Risk	Concentrations of Credit RiskFinancial instruments that potentially subject Applied to significant concentrations of credit risk consist principally of cash equivalents, investments, trade accounts receivable and derivative financial instruments used in hedging activities. Applied invests in a variety of financial instruments, such as, but not limited to, commercial paper, corporate and municipal bonds, United States Treasury and agency securities, and asset-backed and mortgage-backed securities, and, by policy, limits the amount of credit exposure with any one financial institution or commercial issuer. Applied is exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments, but does not expect any counterparties to fail to meet their obligations. Applied performs ongoing credit evaluations of its customers’ financial condition and generally requires no collateral to secure accounts receivable. Applied maintains an allowance reserve for potentially uncollectible accounts receivable based on its assessment of the collectability of accounts receivable. Applied regularly reviews the allowance by considering factors such as historical experience, credit quality, age of the accounts receivable balances, and current economic conditions that may affect a customer’s ability to pay. In addition, Applied utilizes deposits and/or letters of credit to mitigate credit risk when considered appropriate.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Adopted Leases. In February 2016, the Financial Accounting Standard Board (FASB) issued authoritative guidance for lease accounting, which requires lessees to recognize lease assets and liabilities on the balance sheet for certain lease arrangements that are classified as operating leases under the previous standard, and to provide for enhanced disclosures. Applied adopted this guidance in the first quarter of fiscal 2020 using the modified retrospective transition method which required applying the new standard as of the beginning of the period of adoption with no adjustment to comparative prior periods. Applied elected the package of practical expedients permitted under the transition guidance, which allow Applied not to reassess whether a contract contains a lease, initial direct costs and lease classification for leases existing prior to adoption. Applied also elected to combine the lease and non-lease components as a single lease component and not to use hindsight in determining the lease term. Upon adoption, Applied recognized right-of-use assets of $160 million, net of deferred rent of $4 million and lease liabilities of $164 million. Retirement Benefits: Changes to the Disclosure Requirements for Defined Benefit and other Postretirement Plans. In August 2018, the Financial Accounting Standard Board (FASB) issued authoritative guidance that adds, removes, and clarifies disclosure requirements for defined benefit and other postretirement plans. Applied adopted this guidance in the first quarter of fiscal 2021 on a retrospective basis. The adoption of this guidance did not have a significant impact on Applied’s defined benefit and other postretirement disclosures. Goodwill Impairment. In January 2017, the FASB issued authoritative guidance that simplifies the process required to test goodwill for impairment. Applied adopted this guidance in the first quarter of fiscal 2021. The adoption of this guidance did not have a significant impact on Applied’s consolidated condensed financial statements. Financial Instruments: Credit Losses. In June 2016, the FASB issued authoritative guidance that modifies the impairment model for certain financial assets by requiring use of an expected loss methodology, which will result in more timely recognition of credit losses. Applied adopted this guidance in the first quarter of fiscal 2021 on a modified retrospective basis. The adoption of this guidance did not have a significant impact on Applied’s consolidated condensed financial statements. Accounting Standards Not Yet Adopted Simplifying the Accounting for Income Taxes. In December 2019, the FASB issued an accounting standard update to simplify the accounting for income taxes (Topic 740). This amendment removes certain exceptions and improves consistent application of accounting principles for certain areas in Topic 740. Applied will adopt this authoritative guidance in the first quarter of fiscal 2022. The adoption of this guidance is not expected to have a significant impact on Applied’s consolidated financial statements. Contract Assets and Contract Liabilities from Revenue Contracts with Customers in a Business Combination. In October 2021, the FASB issued an accounting standard update to improve the accounting for contract assets and contract liabilities from revenue contracts with customers in a business combination (Topic 805). This amendment improves comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. This authoritative guidance will be effective for Applied in the first quarter of fiscal 2024, with early adoption permitted. Applied is currently evaluating the effect of this new guidance on Applied’s consolidated financial statements.
Investment Impairment	Applied regularly reviews its debt investment portfolio to identify and evaluate investments that have indications of possible impairment from credit losses or other factors. Factors considered in determining whether an unrealized loss is considered to be a credit loss include: the significance of the decline in value compared to the cost basis; the financial condition; credit quality and near-term prospects of the investee; and whether it is more likely than not that Applied will be required to sell the security prior to recovery. Credit losses related to available-for-sale debt securities are recorded as an allowance for credit losses through interest and other income, net. Any additional changes in fair value that are not related to credit losses are recognized in accumulated other comprehensive income.
Fair Value Measurements	Fair Value Measurements Applied’s financial assets are measured and recorded at fair value on a recurring basis, except for equity investments in privately-held companies. These equity investments are generally accounted for under the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes and are periodically assessed for impairment when events or circumstances indicate that a decline in value may have occurred. Applied’s nonfinancial assets, such as goodwill, intangible assets, and property, plant and equipment, are recorded at cost and are assessed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Fair Value Hierarchy Applied uses the following fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: •Level 1 — Quoted prices in active markets for identical assets or liabilities; •Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and •Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Applied’s investments consist primarily of debt securities that are classified as available-for-sale and recorded at their fair values. In determining the fair value of investments, Applied uses pricing information from pricing services that value securities based on quoted market prices and models that utilize observable market inputs. In the event a fair value estimate is unavailable from a pricing service, Applied generally obtains non-binding price quotes from brokers. Applied then reviews the information provided by the pricing services or brokers to determine the fair value of its short-term and long-term investments. In addition, to validate pricing information obtained from pricing services, Applied periodically performs supplemental analysis on a sample of securities. Applied reviews any significant unanticipated differences identified through this analysis to determine the appropriate fair value. As of October 31, 2021, substantially all of Applied’s available-for-sale, short-term and long-term investments were recognized at fair value that was determined based upon observable inputs. Applied’s equity investments with readily determinable values consist of publicly traded equity securities. These investments are measured at fair value using quoted prices for identical assets in an active market and the changes in fair value of these equity investments are recognized in the consolidated statements of operations. Investments with remaining effective maturities of 12 months or less from the balance sheet date are classified as short-term investments. Investments with remaining effective maturities of more than 12 months from the balance sheet date are classified as long-term investments.
Equity Securities without Readily Determinable Fair Value	Assets and Liabilities without Readily Determinable Values Measured on a Non-recurring BasisApplied’s equity investments without readily determinable values consist of equity investments in privately-held companies. Applied elected the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes on a prospective basis for certain equity investments without readily determinable fair values and is required to account for any subsequent observable changes in fair value within the statements of operations. These investments are classified as Level 3 within the fair value hierarchy and periodically assessed for impairment when an event or circumstance indicates that a decline in value may have occurred.
Derivative Financial Instruments	Applied conducts business in a number of foreign countries, with certain transactions denominated in local currencies, such as the Japanese yen, Israeli shekel, euro and Taiwanese dollar. Applied uses derivative financial instruments, such as forward exchange contracts and currency option contracts, to hedge certain forecasted foreign currency denominated transactions expected to occur typically within the next 24 months. The purpose of Applied’s foreign currency management is to mitigate the effect of exchange rate fluctuations on certain foreign currency denominated revenues, costs and eventual cash flows. The terms of currency instruments used for hedging purposes are generally consistent with the timing of the transactions being hedged. Applied does not use derivative financial instruments for trading or speculative purposes. Derivative instruments and hedging activities, including foreign currency exchange and interest rate contracts, are recognized on the balance sheet at fair value. Changes in the fair value of derivatives that do not qualify for hedge accounting treatment are recognized currently in earnings. All of Applied’s derivative financial instruments are recorded at their fair value in other current assets or in accounts payable and accrued expenses. Hedges related to anticipated transactions are designated and documented at the inception of the hedge as cash flow hedges and foreign exchange derivatives are typically entered into once per month. Cash flow hedges are evaluated for effectiveness quarterly. The effective portion of the gain or loss on these hedges is reported as a component of AOCI in stockholders’ equity and is reclassified into earnings when the hedged transaction affects earnings. The majority of the after-tax net income or loss related to foreign exchange derivative instruments included in AOCI at October 31, 2021 is expected to be reclassified into earnings within 12 months. Changes in fair value caused by changes in time value of option contracts designated as cash flow hedges are excluded from the assessment of effectiveness. The initial value of this excluded component is amortized on a straight-line basis over the life of the hedging instrument and recognized in the financial statement line item to which the hedge relates. If the transaction being hedged is probable not to occur, Applied promptly recognizes the gain or loss on the associated financial instrument in the consolidated condensed statement of operations. The amount recognized due to discontinuance of cash flow hedges that were probable of not occurring by the end of the originally specified time period was not significant for fiscal years 2021, 2020 or 2019.
Contract Assets and Liabilities	Contract assets primarily result from receivables for goods transferred to customers where payment is conditional upon technical sign off and not just the passage of time. Contract liabilities consist of unsatisfied performance obligations related to advance payments received and billings in excess of revenue recognized. Applied’s contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. Contract assets are generally classified as current and are included in Other Current Assets in the Consolidated Balance Sheets. Contract liabilities are classified as current or non-current based on the timing of when performance obligations will be satisfied and associated revenue is expected to be recognized.
Goodwill and Purchased Intangible Assets	Goodwill and Purchased Intangible Assets Applied’s methodology for allocating the purchase price relating to purchase acquisitions is determined through established and generally accepted valuation techniques. Goodwill is measured as the excess of the purchase price over the sum of the amounts assigned to tangible and identifiable intangible assets acquired less liabilities assumed. Applied assigns assets acquired (including goodwill) and liabilities assumed to one or more reporting units as of the date of acquisition. Typically, acquisitions relate to a single reporting unit and thus do not require the allocation of goodwill to multiple reporting units. If the products obtained in an acquisition are assigned to multiple reporting units, the goodwill is distributed to the respective reporting units as part of the purchase price allocation process. Goodwill and purchased intangible assets with indefinite useful lives are not amortized but are reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The process of evaluating the potential impairment of goodwill and intangible assets requires significant judgment, especially in emerging markets. When reviewing goodwill for impairment, Applied first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In performing a qualitative assessment, Applied considers business conditions and other factors including, but not limited to (i) adverse industry or economic trends, (ii) restructuring actions and lower projections that may impact future operating results, (iii) sustained decline in share price, and (iv) overall financial performance and other events affecting the reporting units. If Applied concludes that is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test is performed by estimating the fair value of the reporting unit and comparing it to its carrying value. If the carrying value of a reporting unit exceeds its fair value, Applied would record an impairment charge equal to the excess of the carrying value of the reporting unit’s goodwill over its fair value. The evaluation of goodwill and intangible assets for impairment requires the exercise of significant judgment. In the event of future changes in business conditions, Applied will be required to reassess and update its forecasts and estimates used in future impairment analyses. If the results of these future analyses are lower than current estimates, a material impairment charge may result at that time.
Leases	A contract contains a lease when Applied has the right to control the use of an identified asset for a period of time in exchange for consideration. Applied leases certain facilities, vehicles and equipment under non-cancelable operating leases, many of which include options to renew. Options that are reasonably certain to be exercised are included in the calculation of the right-of-use asset and lease liability. Applied’s leases do not contain residual value guarantees or significant restrictions that impact the accounting for leases. As implicit rates are not available for the leases, Applied uses the incremental borrowing rate as of the lease commencement date in order to measure the right-of-use asset and liability. Operating lease expense is generally recognized on a straight-line basis over the lease term. Applied elected the practical expedient to account for lease and non-lease components as a single lease component for all leases. For leases with a term of one year or less, Applied elected not to record a right-of-use asset or lease liability and to account for the associated lease payments as they become due.
Finite-Lived Purchased Intangible Assets	Finite-Lived Purchased Intangible Assets Applied amortizes purchased intangible assets with finite lives using the straight-line method over the estimated economic lives of the assets, ranging from 1 to 15 years. Applied evaluates long-lived assets for impairment whenever events or changes in circumstances indicate the carrying value of an asset group may not be recoverable. Applied assesses the fair value of the assets based on the amount of the undiscounted future cash flow that the assets are expected to generate and recognizes an impairment loss when estimated undiscounted future cash flow expected to result from the use of the asset, plus net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. When Applied identifies an impairment, Applied reduces the carrying value of the group of assets to comparable market values, when available and appropriate, or to its estimated fair value based on a discounted cash flow approach. Intangible assets, such as purchased technology, are generally recorded in connection with a business acquisition. The value assigned to intangible assets is usually based on estimates and judgments regarding expectations for the success and life cycle of products and technology acquired. Applied evaluates the useful lives of its intangible assets each reporting period to determine whether events and circumstances require revising the remaining period of amortization. In addition, Applied reviews intangible assets for impairment when events or changes in circumstances indicate their carrying value may not be recoverable. Management considers such indicators as significant differences in actual product acceptance from the estimates, changes in the competitive and economic environments, technological advances, and changes in cost structure.
Treasury Stock	Applied records treasury stock purchases under the cost method using the first-in, first-out (FIFO) method. Upon reissuance of treasury stock, amounts in excess of the acquisition cost are credited to additional paid in capital. If Applied reissues treasury stock at an amount below its acquisition cost and additional paid in capital associated with prior treasury stock transactions is insufficient to cover the difference between the acquisition cost and the reissue price, this difference is recorded against retained earnings.
Share-based Compensation	The cost associated with share-based awards that are subject solely to time-based vesting requirements, less expected forfeitures, is recognized over the awards’ service period for the entire award on a straight-line basis. Share-based awards granted to certain executive officers allow partial accelerated vesting in the event of a qualifying retirement based on age and years of service. The cost associated with performance-based equity awards, which include both performance and market goals, is recognized for each tranche over the service period. The cost of equity awards related to performance goals is based on an assessment of the likelihood that the applicable performance goals will be achieved. For the equity awards based on market goals, the cost is recognized based upon the assumption of 100% achievement of the goal.
Performance based awards	Certain awards are subject to the achievement of targeted levels of adjusted operating margin and targeted levels of total shareholder return (TSR) relative to a peer group, comprised of companies in the Standard & Poor's 500 Index. Each metric will be weighted 50% and will be measured over a three-year period. The number of shares that may vest in full after three years ranges from 0% to 200% of the target amount. The awards become eligible to vest only if performance goals are achieved and will vest only if the grantee remains employed by Applied through each applicable vesting date, subject to a qualifying retirement based on age and years of service. The awards provide for a partial payout based on actual performance at the conclusion of the three-year performance period in the event of a qualifying retirement. During fiscal 2021, certain executive officers were also granted non-recurring long-term performance-based awards that are subject to the achievement of targeted levels of Applied’s absolute TSR. The awards become eligible to vest only if targeted levels of TSR are achieved during the five-year performance period and will vest only if the grantee remains employed by Applied through the vesting date in October 2025, except in the event of involuntary termination of employment without cause, death or following a change of control. The number of shares that may vest in full after five years ranges from 0% to 200% of the target amount. The fair value of the portion of the awards subject to targeted levels of adjusted operating margin is estimated on the date of grant. If the performance goals are not met as of the end of the performance period, no compensation expense is recognized and any previously recognized compensation expense is reversed. The expected cost is based on the portion of the awards that is probable to vest and is reflected over the service period and reduced for estimated forfeitures. The fair value of the portion of the awards subject to targeted levels of relative TSR or absolute TSR is estimated on the date of grant using a Monte Carlo simulation model. Compensation expense is recognized based upon the assumption of 100% achievement of the TSR goal and will not be reversed even if the threshold level of TSR is never achieved, and is reflected over the service period and reduced for estimated forfeitures.
Warranty	Applied products are generally sold with a warranty for a 12-month period following installation. The provision for the estimated cost of warranty is recorded when revenue is recognized. Parts and labor are covered under the terms of the warranty agreement. The warranty provision is based on historical experience by product, configuration and geographic region. Quarterly warranty consumption is generally associated with sales that occurred during the preceding four quarters, and quarterly warranty provisions are generally related to the current quarter’s sales.

Summary of Significant Accounting Policies (Recent Accounting Pronouncements) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020	Oct. 28, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 294	$ 252
Operating lease liability	$ 301
Revision of Prior Period, Accounting Standards Update, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets			$ 160
Deferred rent, net			4
Operating lease liability			$ 164

Industry Segment Operations (Net Sales and Operating Income (Loss)) (Details) - Semiconductor Systems - Net sales - Product Concentration Risk	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Segment Reporting Information [Line Items]
Percentage of net sales	100.00%	100.00%	100.00%
Foundry, logic and other
Segment Reporting Information [Line Items]
Percentage of net sales	60.00%	59.00%	52.00%
Dynamic random-access memory (DRAM)
Segment Reporting Information [Line Items]
Percentage of net sales	19.00%	20.00%	22.00%
Flash memory
Segment Reporting Information [Line Items]
Percentage of net sales	21.00%	21.00%	26.00%

Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 31, 2021	Oct. 25, 2020
Stockholders’ equity:
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	2,500,000,000	2,500,000,000
Common stock, shares outstanding	892,000,000	914,000,000
Treasury stock, shares	1,119,000,000	1,091,000,000

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Numerator:
Net income	$ 5,888	$ 3,619	$ 2,706
Denominator:
Weighted average common shares outstanding (in shares)	910	916	937
Effect of dilutive stock options, restricted stock units and employee stock purchase plan shares (in shares)	9	7	8
Denominator for diluted earnings per share (in shares)	919	923	945
Earnings per share: basic (in dollars per share)	$ 6.47	$ 3.95	$ 2.89
Diluted earnings per share (in dollars per share)	$ 6.40	$ 3.92	$ 2.86
Potentially dilutive securities (in shares)	0	0	3

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

Contract Balances (Tables)

12 Months Ended

Oct. 31, 2021

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

Contract balances at the end of each reporting period were as follows:


	October 31, 2021		October 25, 2020
	(In millions)

Contract assets	$	201	$	148
Contract liabilities	$	2,076	$	1,321

Warranty, Guarantees, Commitments and Contingencies (Warranty Reserves) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Changes in the warranty reserves
Beginning balance	$ 201	$ 196	$ 208
Provisions for warranty	223	165	148
Changes in reserves related to preexisting warranty	9	2	7
Consumption of reserves	(191)	(162)	(167)
Ending balance	$ 242	$ 201	$ 196

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units (Details) - Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019	Oct. 28, 2018
Shares
Beginning Balance (shares)	15	18	18
Granted (shares)	5	6	8
Vested (shares)	(6)	(8)	(7)
Canceled (shares)	(1)	(1)	(1)
Ending Balance (shares)	13	15	18	18
Non-vested restricted stock units, restricted stock, performance shares and performance units expected to vest (in shares)	13
Weighted Average Grant Date Fair Value
Beginning of Period (in dollars per share)	$ 45.36	$ 35.78	$ 32.64
Granted (in dollars per share)	92.04	53.89	36.00
Vested (in dollars per share)	43.11	31.25	28.41
Canceled (in dollars per share)	59.41	42.61	34.59
Ending Balance (in dollars per share)	63.29	$ 45.36	$ 35.78	$ 32.64
Non-vested restricted stock units, restricted stock, performance shares and performance units expected to vest (in dollars per share)	$ 63.37
Weighted Average Remaining Contractual Term
Weighted average remaining contractual term	2 years 2 months 12 days	2 years 2 months 12 days	2 years 1 month 6 days	2 years
Non-vested restricted stock units, restricted stock, performance shares and performance units expected to vest, Weighted Average Remaining Contractual Term	2 years
Aggregate Intrinsic Value
Aggregate Intrinsic Value	$ 1,752	$ 914	$ 985	$ 600
Expected to vest, Aggregate Intrinsic Value	$ 1,724

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Oct. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The gain (loss) on derivatives in cash flow hedging relationships recognized in AOCI for derivatives designated as hedging instruments for the indicated periods were as follows:


	Derivatives in Cash Flow Hedging Relationships
	2021		2020		2019
	(In millions)
Foreign exchange contracts	$	36	$	3	$	(14)
Interest rate contracts	—		(151)		—
Total	$	36	$	(148)	$	(14)

Effect of derivative instruments on the consolidated statement of operations

The effects of derivative instruments and hedging activities on the Consolidated Statements of Operations were as follows:


			Derivatives in Cash Flow Hedging Relationships
	Total Amount Presented in the Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded		Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of Operations		Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations
	(In millions)
2021
Foreign Exchange Contracts:
Net Sales	$	23,063	$	4	$	—
Cost of products sold	$	12,149	2		(2)
Research, development and engineering	$	2,485	3		—

General and administrative	$	620	1		—
Interest Rate Contracts:
Interest expense	$	236	(13)		—
			$	(3)	$	(2)

2020
Foreign Exchange Contracts:
Net Sales	$	17,202	$	(2)	$	4
Cost of products sold	$	9,510	6		(3)
Research, development and engineering	$	2,234	4		—

General and administrative	$	567	1		—
Interest Rate Contracts:
Interest expense	$	240	(7)		—
			$	2	$	1

2019
Foreign Exchange Contracts:

Cost of products sold	$	8,222	$	2	$	15


General and administrative	$	461	(3)		(6)
Interest Rate Contracts:
Interest expense	$	237	(3)		—
			$	(4)	$	9

Derivatives not designated as hedging instruments in statement of operations


		Amount of Gain or (Loss) Recognized in Consolidated Statement of Operations
	Location of Gain or (Loss) Recognized in Consolidated Statement of Operations	2021		2020		2019

		(In millions)
Derivatives Not Designated as Hedging Instruments
Foreign exchange contracts	General and administrative	$	—	$	—	$	(8)
Foreign exchange contracts	Interest and other income, net	29		(10)		—
Total return swaps - deferred compensation	Cost of products sold	3		1		—
Total return swaps - deferred compensation	Operating expenses	29		6		—
Total return swaps - deferred compensation	Interest and other income, net	(1)		(1)		—
Total		$	60	$	(4)	$	(8)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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+ Details

Severance and Related Charges - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Restructuring Cost and Reserve [Line Items]
Severance and related charges	$ 157	$ 0	$ 0
Employee Severance
Restructuring Cost and Reserve [Line Items]
Severance and related charges	158
Restructuring reserve	$ 17	$ 0

Income Taxes (Tables)

12 Months Ended

Oct. 31, 2021

Income Tax Disclosure [Abstract]

Components of income from operations before income taxes

The components of income before income taxes for each fiscal year were as follows:


	2021		2020		2019

	(In millions)
U.S.	$	512	$	92	$	363
Foreign	6,259		4,074		2,906
	$	6,771	$	4,166	$	3,269

Components of the provision for income taxes

The components of the provision for income taxes for each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Current:
U.S.	$	462	$	196	$	240
Foreign	344		263		260
State	17		20		12
	823		479		512
Deferred:
U.S.	(3)		(3)		8
Foreign	67		76		46
State	(4)		(5)		(3)
	60		68		51
	$	883	$	547	$	563

Effective income tax rate continuing operations tax rate reconciliation

A reconciliation between the statutory U.S. federal income tax rate and Applied’s actual effective income tax rate for each fiscal year is presented below:


	2021		2020		2019
Tax provision at U.S. statutory rate	21.0	%	21.0	%	21.0	%

Effect of foreign operations taxed at various rates	(7.0)		(5.9)		(5.9)
Changes in prior years’ unrecognized tax benefits	0.2		0.5		2.6
Resolutions of prior years’ income tax filings	(0.1)		(1.0)		(0.1)
Research and other tax credits	(0.9)		(1.3)		(1.1)




Other	(0.2)		(0.2)		0.7
	13.0	%	13.1	%	17.2	%

Components of deferred income tax assets and liabilities

The components of deferred income tax assets and liabilities were as follows:


	October 31, 2021		October 25, 2020

	(In millions)
Deferred tax assets:
Allowance for doubtful accounts	$	4	$	4
Inventory reserves and basis difference	112		119
Installation and warranty reserves	29		14
Intangible assets	1,281		1,355
Accrued liabilities	31		24

Deferred revenue	25		32

Tax credits	369		326
Deferred compensation	133		130
Share-based compensation	34		30

Lease liability	61		55
Other	89		96
Gross deferred tax assets	2,168		2,185
Valuation allowance	(361)		(314)
Total deferred tax assets	1,807		1,871
Deferred tax liabilities:
Fixed assets	(93)		(76)
Right of use assets	(62)		(54)

Undistributed foreign earnings	(37)		(39)


Total deferred tax liabilities	(192)		(169)
Net deferred tax assets	$	1,615	$	1,702

Summary of valuation allowance

Changes in the valuation allowance in each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Beginning balance	$	314	$	257	$	230
Increases	47		57		27
Decreases	—		—		—
Ending balance	$	361	$	314	$	257

A reconciliation of gross unrecognized tax benefits

A reconciliation of the beginning and ending balances of gross unrecognized tax benefits in each fiscal year is as follows:


	2021		2020		2019

	(In millions)
Beginning balance of gross unrecognized tax benefits	$	496	$	845	$	374

Settlements with tax authorities	—		(446)		(1)
Lapses of statutes of limitation	(4)		(3)		(2)
Increases in tax positions for current year	26		44		33
Increases in tax positions for prior years	23		91		441
Decreases in tax positions for prior years	(4)		(35)		—
Ending balance of gross unrecognized tax benefits	$	537	$	496	$	845

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Cash flows from operating activities:
Net income	$ 5,888	$ 3,619	$ 2,706
Adjustments required to reconcile net income to cash provided by operating activities:
Depreciation and amortization	394	376	363
Severance and related charges	148	0	0
Deferred income taxes	80	80	49
Other	(70)	60	(19)
Share-based compensation	346	307	263
Changes in operating assets and liabilities, net of amounts acquired:
Accounts receivable	(1,989)	(427)	(207)
Inventories	(405)	(421)	248
Other current and non-current assets	(602)	(161)	(86)
Accounts payable and accrued expenses	465	327	(247)
Contract liabilities	755	(16)	135
Income taxes payable	396	(10)	44
Other liabilities	36	70	(2)
Cash provided by operating activities	5,442	3,804	3,247
Cash flows from investing activities:
Capital expenditures	(668)	(422)	(441)
Cash paid for acquisitions, net of cash acquired	(12)	(107)	(28)
Proceeds from sales and maturities of investments	1,471	1,754	1,940
Purchases of investments	(2,007)	(1,355)	(1,914)
Cash used in investing activities	(1,216)	(130)	(443)
Cash flows from financing activities:
Debt borrowings, net of issuance costs	0	2,979	0
Debt repayments	0	(2,882)	0
Proceeds from common stock issuances	175	174	145
Common stock repurchases	(3,750)	(649)	(2,403)
Tax withholding payments for vested equity awards	(178)	(172)	(86)
Payments of dividends to stockholders	(838)	(787)	(771)
Cash used in financing activities	(4,591)	(1,337)	(3,115)
Increase (decrease) in cash and cash equivalents	(365)	2,337	(311)
Cash and cash equivalents - beginning of year	5,466	3,129	3,440
Cash and cash equivalents - end of year	5,101	5,466	3,129
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	4,995	5,351	3,129
Restricted cash equivalents included in deferred income taxes and other assets	106	115	0
Total cash, cash equivalents, and restricted cash equivalents	5,101	5,466	3,129
Supplemental cash flow information:
Cash payments for income taxes	851	542	522
Cash refunds from income taxes	27	68	22
Cash payments for interest	$ 205	$ 219	$ 219

Cash, Cash Equivalents and Investments (Narrative) (Details) - USD ($)	12 Months Ended
	Oct. 25, 2020	Oct. 27, 2019
Fixed income securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Impairments of investments	$ 0	$ 0

Summary of Significant Accounting Policies (Warranty) (Details)	12 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Extended product warranty period	2 years

Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020
Current assets:
Cash and cash equivalents	$ 4,995	$ 5,351
Short-term investments	464	387
Accounts receivable, net	4,953	2,963
Inventories	4,309	3,904
Other current assets	1,386	764
Total current assets	16,107	13,369
Long-term investments	2,055	1,538
Property, plant and equipment, net	1,934	1,604
Goodwill	3,479	3,466
Purchased technology and other intangible assets, net	104	153
Deferred income taxes and other assets	2,146	2,223
Total assets	25,825	22,353
Current liabilities:
Accounts payable and accrued expenses	4,268	3,138
Contract liabilities	2,076	1,321
Total current liabilities	6,344	4,459
Long-term debt	5,452	5,448
Income taxes payable	1,090	1,206
Other	692	662
Total liabilities	13,578	11,775
Commitments and contingencies
Stockholders’ equity:
Preferred stock: $0.01 par value per share; 1 shares authorized; no shares issued	0	0
Common stock: $0.01 par value per share; 2,500 shares authorized; 892 and 914 shares outstanding at 2021 and 2020, respectively	9	9
Additional paid-in capital	8,247	7,904
Retained earnings	32,246	27,209
Treasury stock: 1,119 and 1,091 shares at 2021 and 2020, respectively	(27,995)	(24,245)
Accumulated other comprehensive loss	(260)	(299)
Total stockholders’ equity	12,247	10,578
Total liabilities and stockholders’ equity	$ 25,825	$ 22,353

Industry Segment Operations (Tables)

12 Months Ended

Oct. 31, 2021

Segment Reporting [Abstract]

Schedule of segment reporting

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%

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended												12 Months Ended
	Oct. 31, 2021	Aug. 01, 2021	May 02, 2021	Jan. 31, 2021	Oct. 25, 2020	Jul. 26, 2020	Apr. 26, 2020	Jan. 26, 2020	Oct. 27, 2019	Jul. 28, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019	Oct. 28, 2018
Cash dividend declared (usd per share)	$ 0.24	$ 0.24	$ 0.24	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.21	$ 0.21	$ 0.21	$ 0.21	$ 0.20	$ 0.94	$ 0.87	$ 0.83
Retained earnings	$ 32,246				$ 27,209								$ 32,246	$ 27,209
Cumulative Effect, Period of Adoption, Adjustment
Retained earnings																$ 6

- Definition

The cumulative amount of the reporting entity's undistributed earnings or deficit.

+ References + Details

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (ESPP Fair Value Assumptions) (Details) - Employee Stock Purchase Plan - $ / shares	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Weighted Average Assumptions Used for ESPP Granted
Dividend yield	0.72%	1.41%	1.99%
Expected volatility	41.30%	48.20%	35.50%
Risk-free interest rate	0.05%	0.58%	2.21%
Expected life (in years)	6 months	6 months	6 months
Weighted average estimated fair value (in dollars per share)	$ 33.77	$ 17.30	$ 10.61

Fair Value Measurements (Assets Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Assets:
Estimated fair value of fixed income securities	$ 5,526	$ 6,071
Equity investments with readily determinable values
Equity investments, fair value	687	184
Restricted cash equivalents included in deferred income taxes and other assets	106	115	$ 0
Money market funds \| Deferred Income Taxes and Other Assets, Net [Member]
Equity investments with readily determinable values
Restricted cash equivalents included in deferred income taxes and other assets	106	115
U.S. Treasury and agency securities
Assets:
Estimated fair value of fixed income securities	314	398
Non-U.S. government securities
Assets:
Estimated fair value of fixed income securities	5
Municipal securities
Assets:
Estimated fair value of fixed income securities	369	365
Commercial paper, corporate bonds and medium-term notes
Assets:
Estimated fair value of fixed income securities	587	499
Asset-backed and mortgage-backed securities
Assets:
Estimated fair value of fixed income securities	557	479
Publicly traded equity securities
Equity investments with readily determinable values
Equity investments, fair value	58	45
Fair Value, Measurements, Recurring
Equity investments with readily determinable values
Equity investments, fair value	58	45
Assets, fair value disclosure	5,584	6,116
Fair Value, Measurements, Recurring \| Money market funds
Assets:
Estimated fair value of fixed income securities	3,662	4,324
Fair Value, Measurements, Recurring \| U.S. Treasury and agency securities
Assets:
Estimated fair value of fixed income securities	314	398
Fair Value, Measurements, Recurring \| Non-U.S. government securities
Assets:
Estimated fair value of fixed income securities	5	0
Fair Value, Measurements, Recurring \| Municipal securities
Assets:
Estimated fair value of fixed income securities	391	371
Fair Value, Measurements, Recurring \| Commercial paper, corporate bonds and medium-term notes
Assets:
Estimated fair value of fixed income securities	597	499
Fair Value, Measurements, Recurring \| Asset-backed and mortgage-backed securities
Assets:
Estimated fair value of fixed income securities	557	479
Fair Value, Measurements, Recurring \| Publicly traded equity securities
Equity investments with readily determinable values
Equity investments, fair value	58	45
Fair Value, Measurements, Recurring \| Level 1
Assets:
Estimated fair value of fixed income securities	3,958	4,699
Equity investments with readily determinable values
Equity investments, fair value	58	45
Assets, fair value disclosure	4,016	4,744
Fair Value, Measurements, Recurring \| Level 1 \| Money market funds
Assets:
Estimated fair value of fixed income securities	3,662	4,324
Fair Value, Measurements, Recurring \| Level 1 \| U.S. Treasury and agency securities
Assets:
Estimated fair value of fixed income securities	296	375
Fair Value, Measurements, Recurring \| Level 1 \| Non-U.S. government securities
Assets:
Estimated fair value of fixed income securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Municipal securities
Assets:
Estimated fair value of fixed income securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Commercial paper, corporate bonds and medium-term notes
Assets:
Estimated fair value of fixed income securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Asset-backed and mortgage-backed securities
Assets:
Estimated fair value of fixed income securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Publicly traded equity securities
Equity investments with readily determinable values
Equity investments, fair value	58	45
Fair Value, Measurements, Recurring \| Level 2
Assets:
Estimated fair value of fixed income securities	1,568	1,372
Equity investments with readily determinable values
Equity investments, fair value	0	0
Assets, fair value disclosure	1,568	1,372
Fair Value, Measurements, Recurring \| Level 2 \| Money market funds
Assets:
Estimated fair value of fixed income securities	0	0
Fair Value, Measurements, Recurring \| Level 2 \| U.S. Treasury and agency securities
Assets:
Estimated fair value of fixed income securities	18	23
Fair Value, Measurements, Recurring \| Level 2 \| Non-U.S. government securities
Assets:
Estimated fair value of fixed income securities	5	0
Fair Value, Measurements, Recurring \| Level 2 \| Municipal securities
Assets:
Estimated fair value of fixed income securities	391	371
Fair Value, Measurements, Recurring \| Level 2 \| Commercial paper, corporate bonds and medium-term notes
Assets:
Estimated fair value of fixed income securities	597	499
Fair Value, Measurements, Recurring \| Level 2 \| Asset-backed and mortgage-backed securities
Assets:
Estimated fair value of fixed income securities	557	479
Fair Value, Measurements, Recurring \| Level 2 \| Publicly traded equity securities
Equity investments with readily determinable values
Equity investments, fair value	$ 0	$ 0

Goodwill, Purchased Technology and Other Intangible Assets (Future Estimated Amortization Expense) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020
Future estimated amortization expense
2022	$ 33
2023	20
2024	17
2025	15
2026	15
Thereafter	4
Carrying amount	$ 104	$ 153

Fair Value Measurements (Narrative) (Details) - Senior Notes - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Long-term debt principal amount	$ 5,500	$ 5,500
Estimate of Fair Value Measurement \| Level 2
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Long-term debt fair value	$ 6,400	$ 6,600

Business Combination	12 Months Ended
Business Combination	Oct. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Business Combination	Business Combination Kokusai Electric Corporation On June 30, 2019, Applied entered into a Share Purchase Agreement (SPA) with Kokusai Electric Corporation (Kokusai Electric) and KKR HKE Investment L.P. (KKR) providing for Applied’s acquisition of all outstanding shares of Kokusai Electric. The SPA, as subsequently amended, terminated as of March 19, 2021. Applied paid KKR a termination fee of $154 million during the second quarter of fiscal 2021.

Industry Segment Operations

12 Months Ended

Oct. 31, 2021

Segment Reporting [Abstract]

Industry Segment Operations

Applied’s three reportable segments are: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. As defined under the accounting literature, Applied’s chief operating decision-maker has been identified as the President and Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Segment information is presented based upon Applied’s management organization structure as of October 31, 2021 and the distinctive nature of each segment. Future changes to this internal financial structure may result in changes to Applied’s reportable segments.

The Semiconductor Systems reportable segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation.

The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, certain remanufactured earlier generation equipment and factory automation software for semiconductor, display and other products.

The Display and Adjacent Markets segment includes products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), equipment upgrades and other display technologies for TVs, monitors, laptops, personal computers, smart phones, and other consumer-oriented devices.

Each operating segment is separately managed and has separate financial results that are reviewed by Applied’s chief operating decision-maker. Each reportable segment contains closely related products that are unique to the particular segment. Segment operating income is determined based upon internal performance measures used by Applied’s chief operating decision-maker. The chief operating decision-maker does not evaluate operating segments using total asset information.

Applied derives the segment results directly from its internal management reporting system. The accounting policies Applied uses to derive reportable segment results are substantially the same as those used for external reporting purposes. Management measures the performance of each reportable segment based upon several metrics including orders, net sales and operating income. Management uses these results to evaluate the performance of, and to assign resources to, each of the reportable segments.

The Corporate and Other category includes revenues from products, as well as costs of products sold, for fabricating solar photovoltaic cells and modules, and certain operating expenses that are not allocated to its reportable segments and are managed separately at the corporate level. These operating expenses include costs related to share-based compensation; certain management, finance, legal, human resources, and research, development and engineering functions provided at the corporate level; and unabsorbed information technology and occupancy. In addition, Applied does not allocate to its reportable segments restructuring, severance and asset impairment charges and any associated adjustments related to restructuring actions, unless these actions pertain to a specific reportable segment. Segment operating income also excludes interest income/expense and other financial charges and income taxes. Management does not consider the unallocated costs in measuring the performance of the reportable segments.

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

Semiconductor Systems and Display and Adjacent Markets revenues are recognized at a point in time. Applied Global Services revenue is recognized at a point in time for tangible goods such as spare parts and equipment, and over time for service agreements. The majority of revenue recognized over time is recognized within 12 months of the contract inception.

Operating income (loss) for fiscal 2021 included severance and related charges as discussed in Note 13, Severance and Related Charges and a deal termination fee as discussed in Note 9, Business Combination.

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	%

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)

For geographical reporting, revenue by geographic location is determined by the location of customers’ facilities to which products were shipped. Long-lived assets consist primarily of property, plant and equipment and are attributed to the geographic location in which they are located. 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

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%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Business Combination (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
Business Combination (Details) - USD ($) $ in Millions	May 02, 2021	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Business Acquisition [Line Items]
Deal termination fee		$ 154	$ 0	$ 0
Kokusai Electric
Business Acquisition [Line Items]
Deal termination fee	$ 154

Balance Sheet Detail (Accounts Payable and Accrued Expenses) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020
Accounts Payable and Accrued Expenses
Accounts payable	$ 1,472	$ 1,124
Compensation and employee benefits	924	800
Warranty	242	201
Dividends payable	214	201
Income taxes payable	734	222
Other accrued taxes	24	33
Interest payable	39	36
Operating lease liabilities, current	$ 73	$ 64
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Other	$ 546	$ 457
Accounts payable and accrued expenses	$ 4,268	$ 3,138

Severance and Related Charges - Schedule of Severance Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Restructuring Cost and Reserve [Line Items]
Severance and related charges	$ 157	$ 0	$ 0
Display and Adjacent Markets
Restructuring Cost and Reserve [Line Items]
Severance and related charges	8
Corporate and Other
Restructuring Cost and Reserve [Line Items]
Severance and related charges	$ 149

Employee Benefit Plans (Benefit Obligations and Plan Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Change in projected benefit obligation
Beginning projected benefit obligation	$ 674	$ 617	$ 524
Service cost	15	13	11
Interest cost	8	8	10
Plan participants’ contributions	1	1	1
Actuarial (gain) loss	(1)	6	84
Settlements	0	0	(1)
Foreign currency exchange rate changes	3	33	(5)
Benefits paid	(15)	(10)	(8)
Plan amendments and other adjustments	0	6	1
Ending projected benefit obligation	685	674	617
Ending accumulated benefit obligation	626	627	578
Change in plan assets
Beginning fair value of plan assets	431	409	365
Return on plan assets	49	0	30
Employer contributions	22	12	27
Plan participants’ contributions	1	1	1
Foreign currency exchange rate changes	3	19	(5)
Settlements	0	0	(1)
Benefits paid	(15)	(10)	(8)
Ending fair value of plan assets	491	431	409
Funded status	(194)	(243)	(208)
Amounts recognized in the consolidated balance sheets
Noncurrent asset	1	0	5
Current liability	(2)	(2)	(1)
Noncurrent liability	(193)	(241)	(212)
Total	(194)	(243)	(208)
Estimated amortization from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal period
Actuarial loss	11	14	12
Prior service credit	0	0	0
Total	11	14	12
Amounts recognized in accumulated other comprehensive loss
Net actuarial loss	200	242	226
Prior service credit	1	0	0
Total	201	242	226
Plans with projected benefit obligations in excess of plan assets
Projected benefit obligation	472	674	424
Fair value of plan assets	277	431	211
Plans with accumulated benefit obligations in excess of plan assets
Accumulated benefit obligation	413	627	385
Fair value of plan assets	$ 277	$ 431	$ 211
Minimum
Range of assumptions to determine benefit obligations
Discount rate	0.60%	0.40%	0.50%
Rate of compensation increase	2.40%	2.30%	2.30%
Maximum
Range of assumptions to determine benefit obligations
Discount rate	6.60%	6.50%	3.10%
Rate of compensation increase	10.00%	10.00%	3.60%

Balance Sheet Detail (Other Liabilities) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Other Liabilities
Defined and postretirement benefit plans	$ 193	$ 241	$ 212
Operating lease liabilities, non-current	$ 228	$ 195
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Total other liabilities	Total other liabilities
Other	$ 271	$ 226
Total other liabilities	$ 692	$ 662

Leases - Lease Expense and Supplemental Information (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Leases [Abstract]
Operating lease cost	$ 79	$ 69
Weighted-average remaining lease term (in years)	5 years 1 month 6 days	5 years 2 months 12 days
Weighted-average discount rate	1.70%	1.80%
Rent expense			$ 51
Operating cash flows paid for operating leases	$ 79	$ 70
Right-of-use assets obtained in exchange for operating lease liabilities	$ 123	$ 156

Industry Segment Operations (Net Sales and Long-lived Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 23,063	$ 17,202	$ 14,608
Long-lived assets	2,087	1,777
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	2,038	1,619	1,871
Long-lived assets	1,965	1,628
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	7,535	5,456	4,277
Long-lived assets	10	14
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	5,012	3,031	1,929
Long-lived assets	16	21
Taiwan
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	4,742	3,953	2,965
Long-lived assets	62	59
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	1,962	1,996	2,198
Long-lived assets	9	16
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	1,097	736	820
Long-lived assets	12	21
Southeast Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	677	411	548
Long-lived assets	13	18
Total outside United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	21,025	15,583	$ 12,737
Long-lived assets	$ 122	$ 149

Contract Balances

12 Months Ended

Oct. 31, 2021

Revenue from Contract with Customer [Abstract]

Contract Balances

Contract assets primarily result from receivables for goods transferred to customers where payment is conditional upon technical sign off and not just the passage of time. Contract liabilities consist of unsatisfied performance obligations related to advance payments received and billings in excess of revenue recognized. Applied’s contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period.

Contract assets are generally classified as current and are included in Other Current Assets in the Consolidated Balance Sheets. Contract liabilities are classified as current or non-current based on the timing of when performance obligations will be satisfied and associated revenue is expected to be recognized.

Contract balances at the end of each reporting period were as follows:


	October 31, 2021		October 25, 2020
	(In millions)

Contract assets	$	201	$	148
Contract liabilities	$	2,076	$	1,321

The increase in contract assets during fiscal 2021, was primarily due to goods transferred to customers where payment was conditional upon technical sign off, offset by the reclassification of contract assets to net accounts receivable upon meeting conditions to the right to payment.

During fiscal 2021, Applied recognized revenue of approximately $1.0 billion related to contract liabilities at October 25, 2020. This reduction in contract liabilities was offset by new billings for products and services for which there were unsatisfied performance obligations to customers and revenue had not yet been recognized as of October 31, 2021.

There were no credit losses recognized on Applied’s accounts receivables and contract assets during fiscal 2021 and 2020.

As of October 31, 2021, the amount of remaining unsatisfied performance obligations on contracts with an original estimated duration of one year or more was approximately $779 million, of which approximately 43% is expected to be recognized within 12 months and the remainder is expected to be recognized within the following 24 months thereafter.

Applied has elected the available practical expedient to exclude the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/topic&trid=49130388

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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 12
-Subparagraph (e)
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+ Details

Income Taxes

12 Months Ended

Oct. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

The components of income before income taxes for each fiscal year were as follows:


	2021		2020		2019

	(In millions)
U.S.	$	512	$	92	$	363
Foreign	6,259		4,074		2,906
	$	6,771	$	4,166	$	3,269

The components of the provision for income taxes for each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Current:
U.S.	$	462	$	196	$	240
Foreign	344		263		260
State	17		20		12
	823		479		512
Deferred:
U.S.	(3)		(3)		8
Foreign	67		76		46
State	(4)		(5)		(3)
	60		68		51
	$	883	$	547	$	563

A reconciliation between the statutory U.S. federal income tax rate and Applied’s actual effective income tax rate for each fiscal year is presented below:


	2021		2020		2019
Tax provision at U.S. statutory rate	21.0	%	21.0	%	21.0	%

Effect of foreign operations taxed at various rates	(7.0)		(5.9)		(5.9)
Changes in prior years’ unrecognized tax benefits	0.2		0.5		2.6
Resolutions of prior years’ income tax filings	(0.1)		(1.0)		(0.1)
Research and other tax credits	(0.9)		(1.3)		(1.1)




Other	(0.2)		(0.2)		0.7
	13.0	%	13.1	%	17.2	%

Before the Tax Act, U.S. income tax had not been provided for certain unrepatriated earnings that were considered indefinitely reinvested. Income tax is now provided for all unrepatriated earnings.

Applied’s effective tax rate for fiscal 2021 was slightly lower than fiscal 2020 primarily due to higher proportion of pre-tax income in lower tax jurisdictions, partially offset by resolutions of prior years’ income tax filings. The effective tax rate for fiscal 2020 was lower than fiscal 2019 primarily due to a decline in the tax expense from changes to uncertain tax provisions year-over-year, an increased tax benefit from tax credits, and increased excess stock compensation tax benefits. This benefit was partly offset by an unfavorable settlement of an uncertain tax position in fiscal 2020.

On June 14, 2019, the U.S. government released regulations that significantly affect how the global intangible low-taxed income (GILTI) provision of the Tax Cuts and Jobs Act (Tax Act) is interpreted. As a result, Applied reversed a tax benefit of $96 million in the third quarter of fiscal 2019 that had been realized in the first half of fiscal 2019. An accounting policy may be selected to treat GILTI temporary differences in taxable income either as a current-period expense when incurred (period cost method) or factor such amounts into the measurement of deferred taxes (deferred method). Applied has chosen the period cost method.

In the reconciliation between the statutory U.S. federal income tax rate and the effective income tax rate, the effect of foreign operations taxed at various rates represents the difference between an income tax provision at the U.S. federal statutory income tax rate and the recorded income tax provision, with the difference expressed as a percentage of worldwide income before income taxes. This effect is substantially related to the tax effect of pre-tax income in jurisdictions with lower statutory tax rates. The foreign operations with the most significant effective tax rate impact are in Singapore. The statutory tax rate for fiscal 2021 for Singapore is 17%. Applied has been granted conditional reduced tax rates that expire in fiscal 2025, excluding potential renewal and subject to certain conditions with which Applied expects to comply. The tax benefits arising from these tax rates were $370 million or $0.40 per diluted share and $215 million or $0.23 per diluted share for fiscal 2021 and 2020, respectively.

Deferred tax assets and liabilities are recognized for the estimated future tax effects of temporary differences between the book and tax bases of assets and liabilities. Deferred tax assets are also recognized for net operating loss and tax credit carryovers. Deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. The components of deferred income tax assets and liabilities were as follows:


	October 31, 2021		October 25, 2020

	(In millions)
Deferred tax assets:
Allowance for doubtful accounts	$	4	$	4
Inventory reserves and basis difference	112		119
Installation and warranty reserves	29		14
Intangible assets	1,281		1,355
Accrued liabilities	31		24

Deferred revenue	25		32

Tax credits	369		326
Deferred compensation	133		130
Share-based compensation	34		30

Lease liability	61		55
Other	89		96
Gross deferred tax assets	2,168		2,185
Valuation allowance	(361)		(314)
Total deferred tax assets	1,807		1,871
Deferred tax liabilities:
Fixed assets	(93)		(76)
Right of use assets	(62)		(54)

Undistributed foreign earnings	(37)		(39)


Total deferred tax liabilities	(192)		(169)
Net deferred tax assets	$	1,615	$	1,702

A valuation allowance is recorded to reflect the estimated amount of net deferred tax assets that may not be realized. Changes in the valuation allowance in each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Beginning balance	$	314	$	257	$	230
Increases	47		57		27
Decreases	—		—		—
Ending balance	$	361	$	314	$	257

At October 31, 2021, Applied has state research and development tax credit carryforwards of $369 million, including $345 million of credits that are carried over until exhausted and $20 million that are carried over for 15 years and begin to expire in fiscal 2033. It is more likely than not that all tax credit carryforwards, net of valuation allowance, will be utilized.

Applied maintains liabilities for uncertain tax positions. These liabilities involve considerable judgment and estimation and are continuously monitored based on the best information available. Gross unrecognized tax benefits are classified as non-current income taxes payable or as a reduction in deferred tax assets. A reconciliation of the beginning and ending balances of gross unrecognized tax benefits in each fiscal year is as follows:


	2021		2020		2019

	(In millions)
Beginning balance of gross unrecognized tax benefits	$	496	$	845	$	374

Settlements with tax authorities	—		(446)		(1)
Lapses of statutes of limitation	(4)		(3)		(2)
Increases in tax positions for current year	26		44		33
Increases in tax positions for prior years	23		91		441
Decreases in tax positions for prior years	(4)		(35)		—
Ending balance of gross unrecognized tax benefits	$	537	$	496	$	845

In fiscal 2020, Applied settled tax audits in Singapore related to fiscal 2012 through fiscal 2019 for additional tax payments of $72 million and a reduction of future tax deductions of $374 million. The tax expense impact of these settlements was $26 million. In fiscal 2019, Applied paid an immaterial amount as a result of settlements with tax authorities.

The increases in tax positions for prior years of $441 million for fiscal 2019 include the effect of adoption of Accounting Standard Update 2016-16 Income Tax (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. Tax expense for interest and penalties on unrecognized tax benefits for fiscal 2021, 2020 and 2019 was $14 million, $24 million and $24 million, respectively. The income tax liability for interest and penalties for fiscal 2021, 2020 and 2019 was $88 million, $74 million and $50 million, respectively, and was classified as non-current income taxes payable.

Included in the balance of unrecognized tax benefits for fiscal 2021, 2020 and 2019 are $442 million, $410 million, and $758 million, respectively, of tax benefits that, if recognized, would affect the effective tax rate.

Applied’s tax returns remain subject to examination by taxing authorities. These include U.S. returns for fiscal 2015 and later years, and foreign tax returns for fiscal 2011 and later years.

The timing of the resolution of income tax examinations, as well as the amounts and timing of various tax payments that may be part of the settlement process, is highly uncertain. This could cause fluctuations in Applied’s financial condition and results of operations. Applied continues to have ongoing negotiations with various taxing authorities throughout the year.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Contract Balances - Narrative (Details) - USD ($)	12 Months Ended
Contract Balances - Narrative (Details) - USD ($)	Oct. 31, 2021	Oct. 25, 2020
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 1,000,000,000
Impairment loss on accounts receivable and contract assets	0	$ 0
Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 779,000,000
Long-term Contract with Customer \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percent of performance obligation recognized	43.00%
Performance obligation period	12 months
Long-term Contract with Customer \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation period	24 months

Accounts Receivable, Net

12 Months Ended

Oct. 31, 2021

Receivables [Abstract]

Accounts Receivable, Net

Applied has agreements with various financial institutions to sell accounts receivable and discount promissory notes from selected customers. Applied sells its accounts receivable generally without recourse. Applied, from time to time, also discounts letters of credit issued by customers through various financial institutions. The discounting of letters of credit depends on many factors, including the willingness of financial institutions to discount the letters of credit and the cost of such arrangements.

Applied sold $1.3 billion, $1.2 billion and $1.5 billion of accounts receivable during fiscal 2021, 2020 and 2019, respectively. Applied did not discount letters of credit issued by customers in fiscal 2021. Applied discounted letters of credit issued by customers of $105 million and $48 million in fiscal 2020 and 2019, respectively. There was no discounting of promissory notes in each of fiscal 2021, 2020 and 2019. Financing charges on the sale of receivables and discounting of letters of credit are included in interest expense in the accompanying Consolidated Statements of Operations and were not material for all years presented.

Accounts receivable are presented net of allowance for credit losses of $29 million and $30 million at October 31, 2021 and October 25, 2020, respectively. Changes in allowance for credit losses in each fiscal year were as follows:


	2021		2020		2019

	(In millions)
Beginning balance	$	30	$	30	$	33
Provision	—		—		—
Deductions1	(1)		—		(3)
Ending balance	$	29	$	30	$	30

_____________________________

1 Deductions primarily represent releases of credit losses credited to expense as a result of an overall lower risk profile of Applied’s customers and cash collections.

Applied sells its products principally to manufacturers within the semiconductor and display industries. While Applied believes that its allowance for credit losses is adequate and represents its best estimate as of October 31, 2021, it continues to closely monitor customer liquidity and industry and economic conditions, which may result in changes to Applied’s estimates.

Employee Benefit Plans (Plan Assets Allocation) (Details)	Oct. 31, 2021	Oct. 25, 2020
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets — allocation	35.00%	38.00%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets — allocation	33.00%	43.00%
Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Plan assets — allocation	23.00%	9.00%
Other investments
Defined Benefit Plan Disclosure [Line Items]
Plan assets — allocation	9.00%	10.00%

Leases (Tables)

12 Months Ended

Oct. 31, 2021

Leases [Abstract]

Lease, Cost

The components of lease expense and supplemental information were as follows:


	2021			2020
	(In millions, except percentage)
Operating lease cost	$	79		$	69
Weighted-average remaining lease term (in years)	5.1			5.2
Weighted-average discount rate	1.7		%	1.8		%

Total rent expense for fiscal 2019 was $51 million.

Supplemental cash flow information related to leases are as follows:


	2021		2020
	(In millions)
Operating cash flows paid for operating leases	$	79	$	70
Right-of-use assets obtained in exchange for operating lease liabilities	$	123	$	156

Operating Lease, Liability, Maturity

As of October 31, 2021, the maturities of lease liabilities are as follows:


	Operating Leases
Fiscal	(In millions)
2022	$	78
2023	71
2024	61
2025	48
2026	18
Thereafter	39
Total lease payments	315
Less imputed interest	(14)
Total	$	301

Employee Benefit Plans (Level 3 Instruments) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Change in plan assets
Beginning fair value of plan assets	$ 431	$ 409	$ 365
Currency impact	(3)	(19)	5
Ending fair value of plan assets	491	431	409
Level 3
Change in plan assets
Beginning fair value of plan assets	39	36
Purchases, sales, settlements, net	72	1
Currency impact	(1)	2
Ending fair value of plan assets	$ 110	$ 39	$ 36

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

Accounts Receivable, Net (Narrative) (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019	Oct. 28, 2018
Receivables [Abstract]
Accounts receivable sold	$ 1,300,000,000	$ 1,200,000,000	$ 1,500,000,000
Discount letters of credit issued during period	0	105,000,000	48,000,000
Discount applied to promissory notes	0	0	0
Allowance for doubtful accounts	$ 29,000,000	$ 30,000,000	$ 30,000,000	$ 33,000,000

Leases - Lease Maturities (Details) $ in Millions	Oct. 31, 2021 USD ($)
Operating Leases - Maturity After Adoption
2022	$ 78
2023	71
2024	61
2025	48
2026	18
Thereafter	39
Total lease payments	315
Less imputed interest	(14)
Total	$ 301

Employee Benefit Plans (Net Periodic Benefit Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Components of net periodic benefit cost
Service cost	$ 15	$ 13	$ 11
Interest cost	8	8	10
Expected return on plan assets	(21)	(22)	(20)
Amortization of actuarial loss and prior service credit	14	12	7
Net periodic benefit cost	$ 16	$ 11	$ 8
Weighted average assumptions
Discount rate	1.18%	1.23%	1.98%
Expected long-term return on assets	4.80%	5.10%	5.40%
Rate of compensation increase	2.74%	2.69%	2.74%

Employee Benefit Plans (Tables)

12 Months Ended

Oct. 31, 2021

Retirement Benefits [Abstract]

Changes in benefit obligations and plan assets including post-retirement benefits

A summary of the changes in benefit obligations and plan assets, which includes post-retirement benefits, for each fiscal year is presented below:


	2021		2020		2019

	(In millions, except percentages)
Change in projected benefit obligation
Beginning projected benefit obligation	$	674	$	617	$	524
Service cost	15		13		11
Interest cost	8		8		10
Plan participants’ contributions	1		1		1
Actuarial (gain) loss	(1)		6		84
Settlements	—		—		(1)
Foreign currency exchange rate changes	3		33		(5)
Benefits paid	(15)		(10)		(8)
Plan amendments and other adjustments	—		6		1
Ending projected benefit obligation	$	685	$	674	$	617
Ending accumulated benefit obligation	$	626	$	627	$	578
Range of assumptions to determine benefit obligations
Discount rate	0.6% - 6.6%		0.4% - 6.5%		0.5% - 3.1%
Rate of compensation increase	2.4% - 10.0%		2.3% - 10.0%		2.3% - 3.6%
Change in plan assets
Beginning fair value of plan assets	$	431	$	409	$	365
Return on plan assets	49		—		30
Employer contributions	22		12		27
Plan participants’ contributions	1		1		1
Foreign currency exchange rate changes	3		19		(5)
Settlements	—		—		(1)
Benefits paid	(15)		(10)		(8)
Ending fair value of plan assets	$	491	$	431	$	409
Funded status	$	(194)	$	(243)	$	(208)
Amounts recognized in the consolidated balance sheets
Noncurrent asset	$	1	$	—	$	5
Current liability	(2)		(2)		(1)
Noncurrent liability	(193)		(241)		(212)
Total	$	(194)	$	(243)	$	(208)
Estimated amortization from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal period
Actuarial loss	$	11	$	14	$	12
Prior service credit	—		—		—
Total	$	11	$	14	$	12
Amounts recognized in accumulated other comprehensive loss
Net actuarial loss	$	200	$	242	$	226
Prior service credit	1		—		—
Total	$	201	$	242	$	226
Plans with projected benefit obligations in excess of plan assets
Projected benefit obligation	$	472	$	674	$	424
Fair value of plan assets	$	277	$	431	$	211
Plans with accumulated benefit obligations in excess of plan assets
Accumulated benefit obligation	$	413	$	627	$	385
Fair value of plan assets	$	277	$	431	$	211


	2021		2020
Plan assets — allocation
Equity securities	35	%	38	%
Debt securities	33	%	43	%
Insurance contracts	23	%	9	%
Other investments	9	%	10	%

Summary of ending fair value of the plan assets

The following table presents a summary of the ending fair value of the plan assets:


	October 31, 2021								October 25, 2020
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total

	(In millions)
Equity securities	$	137	$	—	$	—	$	137	$	103	$	—	$	—	$	103
Debt securities	79		—		—		79		72		—		—		72
Insurance contracts	—		—		110		110		—		—		39		39
Other investments	—		17		—		17		—		16		—		16
Cash	2		—		—		2		2		—		—		2
Total assets at fair value	$	218	$	17	$	110	345		$	177	$	16	$	39	232
Assets measured at net asset value							146								199
Total							$	491							$	431

Activity in Level 3 instruments

The following table presents the activity in Level 3 instruments for each fiscal year:


	2021		2020

	(In millions)
Balance, beginning of year	$	39	$	36


Purchases, sales, settlements, net	72		1
Currency impact	(1)		2
Balance, end of year	$	110	$	39

Schedule of net benefit costs and weighted average assumptions used

A summary of the components of net periodic benefit costs and the weighted average assumptions used for net periodic benefit cost calculations for each fiscal year is presented below:


	2021			2020			2019

	(In millions, except percentages)
Components of net periodic benefit cost
Service cost	$	15		$	13		$	11
Interest cost	8			8			10
Expected return on plan assets	(21)			(22)			(20)
Amortization of actuarial loss and prior service credit	14			12			7

Net periodic benefit cost	$	16		$	11		$	8
Weighted average assumptions
Discount rate	1.18		%	1.23		%	1.98		%
Expected long-term return on assets	4.80		%	5.10		%	5.40		%
Rate of compensation increase	2.74		%	2.69		%	2.74		%

Schedule of expected benefit payments

Future expected benefit payments for the pension plans and the postretirement plan over the next ten fiscal years are as follows:


	Benefit Payments
	(In millions)
2022	$	11
2023	13
2024	15
2025	14
2026	15
2027-2031	99
Total	$	167

Borrowing Facilities and Debt (Tables)

12 Months Ended

Oct. 31, 2021

Debt Disclosure [Abstract]

Debt Outstanding

Debt outstanding as of October 31, 2021 and October 25, 2020 was as follows:


	Principal Amount
	October 31, 2021		October 25, 2020		Effective Interest Rate	Interest Pay Dates
	(In millions)



Long-term debt:

3.900% Senior Notes Due 2025	$	700	$	700	3.944%	April 1, October 1
3.300% Senior Notes Due 2027	1,200		1,200		3.342%	April 1, October 1
1.750% Senior Notes Due 2030	750		750		1.792%	June 1, December 1
5.100% Senior Notes Due 2035	500		500		5.127%	April 1, October 1
5.850% Senior Notes Due 2041	600		600		5.879%	June 15, December 15
4.350% Senior Notes Due 2047	1,000		1,000		4.361%	April 1, October 1
2.750% Senior Notes Due 2050	750		750		2.773%	June 1, December 1
	5,500		5,500
Total unamortized discount	(14)		(15)
Total unamortized debt issuance costs	(34)		(37)
Total long-term debt	$	5,452	$	5,448

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

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-Name Accounting Standards Codification
-Topic 835
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-URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399

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-Name Accounting Standards Codification
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+ Details

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Stock Repurchases) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Equity [Abstract]
Shares of common stock repurchased (in shares)	28	12	60
Cost of stock repurchased	$ 3,750	$ 649	$ 2,403
Average price paid per share (in dollars per share)	$ 134.03	$ 56.32	$ 39.86

Severance and Related Charges - Schedule of changes in severance and related charges reserves (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Restructuring Reserve [Roll Forward]
Severance and related charges	$ 157	$ 0	$ 0
Employee Severance
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	0
Severance and related charges	158
Adjustment to provision for severance	(1)
Consumption of reserves	(140)
Restructuring reserve, ending balance	$ 17	$ 0

Balance Sheet Detail (Property, Plant and Equipment) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Property, Plant and Equipment, Net
Gross property, plant and equipment	$ 4,980	$ 4,380
Accumulated depreciation	(3,046)	(2,776)
Net property, plant and equipment	1,934	1,604
Depreciation	345	320	$ 306
Land and improvements
Property, Plant and Equipment, Net
Gross property, plant and equipment	334	256
Buildings and improvements
Property, Plant and Equipment, Net
Gross property, plant and equipment	$ 1,780	1,655
Buildings and improvements \| Minimum
Property, Plant and Equipment, Net
Useful life	3 years
Buildings and improvements \| Maximum
Property, Plant and Equipment, Net
Useful life	30 years
Demonstration and manufacturing equipment
Property, Plant and Equipment, Net
Gross property, plant and equipment	$ 1,820	1,586
Demonstration and manufacturing equipment \| Minimum
Property, Plant and Equipment, Net
Useful life	3 years
Demonstration and manufacturing equipment \| Maximum
Property, Plant and Equipment, Net
Useful life	5 years
Furniture, fixtures and other equipment
Property, Plant and Equipment, Net
Gross property, plant and equipment	$ 720	646
Furniture, fixtures and other equipment \| Minimum
Property, Plant and Equipment, Net
Useful life	3 years
Furniture, fixtures and other equipment \| Maximum
Property, Plant and Equipment, Net
Useful life	5 years
Construction in progress
Property, Plant and Equipment, Net
Gross property, plant and equipment	$ 326	$ 237

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)

12 Months Ended

Oct. 31, 2021

Equity [Abstract]

Components of accumulated other comprehensive income, net of tax

Changes in the components of accumulated other comprehensive income (AOCI), net of tax, were as follows:


	Unrealized Gain (Loss) on Investments, Net		Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges		Defined and Postretirement Benefit Plans		Cumulative Translation Adjustments		Total
	(In millions)
Balance at October 28, 2018	$	7	$	(9)	$	(137)	$	14	(125)
Adoption of new accounting standards (a)	(17)		—		—		—		(17)

Other comprehensive income (loss) before reclassifications	22		(10)		(57)		(1)		(46)
Amounts reclassified out of AOCI	(1)		3		6		—		8
Other comprehensive income (loss), net of tax	21		(7)		(51)		(1)		(38)
Balance at October 27, 2019	$	11	$	(16)	$	(188)	$	13	$	(180)


Other comprehensive income (loss) before reclassifications	16		(115)		(21)		—		(120)
Amounts reclassified out of AOCI	(7)		(2)		10		—		1
Other comprehensive income, net of tax	9		(117)		(11)		—		(119)
Balance at October 25, 2020	$	20	$	(133)	$	(199)	$	13	$	(299)


Other comprehensive income (loss) before reclassifications	(14)		28		20		—		34
Amounts reclassified out of AOCI	(7)		2		10		—		5
Other comprehensive income (loss), net of tax	(21)		30		30		—		39
Balance at October 31, 2021	$	(1)	$	(103)	$	(169)	$	13	$	(260)

Summary of stock repurchases

The following table summarizes Applied’s stock repurchases for each fiscal year:


	2021		2020		2019

	(In millions, except per share amounts)
Shares of common stock repurchased	28		12		60
Cost of stock repurchased	$	3,750	$	649	$	2,403
Average price paid per share	$	134.03	$	56.32	$	39.86

Effect of share-based compensation on the results of operations by expense type


	2021		2020		2019

	(In millions)
Cost of products sold	$	118	$	103	$	89
Research, development, and engineering	129		116		99
Marketing and selling	43		36		31
General and administrative	56		52		44

Total share-based compensation	$	346	$	307	$	263

Income tax benefits recognized	$	43	$	39	$	37

Restricted stock units and restricted stock activity

A summary of the changes in restricted stock units, restricted stock, performance shares and performance units outstanding under Applied’s equity compensation plans is presented below:


	Shares	Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value

	(In millions, except per share amounts)
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 28, 2018	18	$	32.64	2.0 years	$	600
Granted	8	$	36.00
Vested	(7)	$	28.41
Canceled	(1)	$	34.59
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 27, 2019	18	$	35.78	2.1 years	$	985
Granted	6	$	53.89
Vested	(8)	$	31.25
Canceled	(1)	$	42.61
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 25, 2020	15	$	45.36	2.2 years	$	914
Granted	5	$	92.04
Vested	(6)	$	43.11
Canceled	(1)	$	59.41
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 31, 2021	13	$	63.29	2.2 years	$	1,752
Non-vested restricted stock units, restricted stock, performance shares and performance units expected to vest	13	$	63.37	2.0 years	$	1,724

Significant valuation assumptions in relation to ESPP

Underlying assumptions used in the model are outlined in the following table:


	2021		2020		2019
ESPP:
Dividend yield	0.72	%	1.41	%	1.99	%
Expected volatility	41.3	%	48.2	%	35.5	%
Risk-free interest rate	0.05	%	0.58	%	2.21	%
Expected life (in years)	0.5		0.5		0.5
Weighted average estimated fair value	$33.77		$17.30		$10.61

Goodwill, Purchased Technology and Other Intangible Assets (Narrative) (Details) $ in Millions	12 Months Ended
	Oct. 31, 2021 USD ($)
Finite-Lived Intangible Assets [Line Items]
Goodwill, period increase	$ 13
Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life	15 years

Employee Benefit Plans (Fair Value of Plan Assets) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019	Oct. 28, 2018
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	$ 491	$ 431	$ 409	$ 365
Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	345	232
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	218	177
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	17	16
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	110	39	$ 36
Assets measured at net asset value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	146	199
Equity securities \| Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	137	103
Equity securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	137	103
Equity securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	0	0
Equity securities \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	0	0
Debt securities \| Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	79	72
Debt securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	79	72
Debt securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	0	0
Debt securities \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	0	0
Insurance contracts \| Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	110	39
Insurance contracts \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	0	0
Insurance contracts \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	0	0
Insurance contracts \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	110	39
Other investments \| Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	17	16
Other investments \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	0	0
Other investments \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	17	16
Other investments \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	0	0
Cash \| Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	2	2
Cash \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	2	2
Cash \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	0	0
Cash \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan of assets	$ 0	$ 0

Severance and Related Charges

12 Months Ended

Oct. 31, 2021

Restructuring and Related Activities [Abstract]

Severance and Related Charges

Fiscal 2021 Severance Plan

In the first quarter of fiscal 2021, Applied enacted a severance plan to realign its workforce. Under this plan, Applied implemented a one-time voluntary retirement program and other workforce reduction actions. The voluntary retirement program was available to certain U.S. employees who met minimum age and length of service requirements, as well as other business-specific criteria. The payments under this plan are paid at the time of termination and the related costs were not allocated to the segments. In addition, Applied implemented other workforce reduction actions globally across the Display and Adjacent Markets business. These costs were recorded under the Display and Adjacent Markets segment.

During fiscal 2021, Applied recognized $157 million of severance and related charges in connection with the Fiscal 2021 Severance Plan, of which $17 million remains outstanding as of October 31, 2021.

Severance and related charges by segment were as follows:


	2021
	(In millions)
Display and Adjacent Markets	$	8
Corporate and Other	149
Total	$	157

Changes in severance and related charges reserves related to the Fiscal 2021 Severance Plan described above were as follows:


	Severance and Related Charges Reserves

	(In millions)
Balance as of October 25, 2020	$	—
Provision for severance	158
Adjustment to provision for severance	(1)
Consumption of reserves	(140)
Balance as of October 31, 2021	$	17

Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Billions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Time period for hedging of foreign currency transactions	24 months
Amortization period for the loss on settlement of interest rate swap agreement	12 months
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 2.1	$ 1.6

Income Taxes (Valuation Allowance) (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2021	Oct. 25, 2020	Oct. 27, 2019
Changes in allowance for doubtful accounts
Increases	$ 0	$ 0	$ 0
Decreases	(1)	0	(3)
Valuation Allowance of Deferred Tax Assets
Changes in allowance for doubtful accounts
Beginning balance	314	257	230
Increases	47	57	27
Decreases	0	0	0
Ending balance	$ 361	$ 314	$ 257