Applied Materials (AMAT) 10-Q21 May 202020 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page	6 Months Ended
Cover Page	Apr. 26, 2020shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 26, 2020
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	916,479,293
Entity Central Index Key	0000006951
Current Fiscal Year End Date	--10-25
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Income Statement [Abstract]
Net sales	$ 3,957	$ 3,539	$ 8,119	$ 7,292
Cost of products sold	2,208	2,009	4,512	4,097
Gross profit	1,749	1,530	3,607	3,195
Operating expenses:
Research, development and engineering	550	508	1,102	1,024
Marketing and selling	130	133	265	264
General and administrative	137	113	266	223
Total operating expenses	817	754	1,633	1,511
Income from operations	932	776	1,974	1,684
Interest expense	61	60	120	120
Interest and other income, net	7	43	29	83
Income before income taxes	878	759	1,883	1,647
Provision for income taxes	123	93	236	210
Net income	$ 755	$ 666	$ 1,647	$ 1,437
Earnings per share:
Basic (in dollars per share)	$ 0.82	$ 0.71	$ 1.80	$ 1.51
Diluted (in dollars per share)	$ 0.82	$ 0.70	$ 1.78	$ 1.50
Weighted average number of shares:
Basic (in shares)	917	942	917	950
Diluted (in shares)	923	948	925	957

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 755	$ 666	$ 1,647	$ 1,437
Other comprehensive income (loss), net of tax:
Change in unrealized gain (loss) on available-for-sale investments	(1)	8	1	13
Change in unrealized net loss on derivative instruments	(126)		(136)
Change in unrealized net loss on derivative instruments		9		(8)
Change in cumulative translation adjustments	0	(1)	0	(1)
Other comprehensive income (loss), net of tax	(127)	16	(135)	4
Comprehensive income	$ 628	$ 682	$ 1,512	$ 1,441

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Current assets:
Cash and cash equivalents	$ 5,281	$ 3,129
Short-term investments	423	489
Accounts receivable, net	2,625	2,533
Inventories	3,725	3,474
Other current assets	681	581
Total current assets	12,735	10,206
Long-term investments	1,678	1,703
Property, plant and equipment, net	1,534	1,529
Goodwill	3,426	3,399
Purchased technology and other intangible assets, net	132	156
Deferred income taxes and other assets	2,310	2,031
Total assets	21,815	19,024
Current liabilities:
Current portion of long-term debt	600	600
Accounts payable and accrued expenses	2,831	2,511
Contract liabilities	1,334	1,336
Total current liabilities	4,765	4,447
Long-term debt, net of current portion	6,215	4,713
Income taxes payable	1,238	1,275
Other liabilities	573	375
Total liabilities	12,791	10,810
Stockholders’ equity:
Common stock	9	9
Additional paid-in capital	7,687	7,595
Retained earnings	25,638	24,386
Treasury stock	(23,995)	(23,596)
Accumulated other comprehensive loss	(315)	(180)
Total stockholders’ equity	9,024	8,214
Total liabilities and stockholders’ equity	$ 21,815	$ 19,024

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)
Beginning Balance, (in shares) at Oct. 28, 2018		967			1,019
Beginning Balance at Oct. 28, 2018	$ 6,845	$ 10	$ 7,274	$ 20,880	$ (21,194)	$ (125)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,437			1,437
Other comprehensive income (loss), net of tax	4					4
Dividends declared	(385)			(385)
Share-based compensation	130		130
Issuance under stock plans (in shares)		7
Issuance under stock plans	$ (8)		(8)
Common stock repurchases (in shares)	(38)	(38)			(38)
Common stock repurchases	$ (1,375)	$ (1)			$ (1,374)
Ending Balance, (in shares) at Apr. 28, 2019		936			1,057
Ending Balance at Apr. 28, 2019	8,201	$ 9	7,396	23,502	$ (22,568)	(138)
Beginning Balance, (in shares) at Jan. 27, 2019		949			1,041
Beginning Balance at Jan. 27, 2019	8,209	$ 9	7,265	23,032	$ (21,943)	(154)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	666			666
Other comprehensive income (loss), net of tax	16					16
Dividends declared	(196)			(196)
Share-based compensation	65		65
Issuance under stock plans (in shares)		3
Issuance under stock plans	$ 66		66
Common stock repurchases (in shares)	(16)	(16)			(16)
Common stock repurchases	$ (625)	$ 0			$ (625)
Ending Balance, (in shares) at Apr. 28, 2019		936			1,057
Ending Balance at Apr. 28, 2019	8,201	$ 9	7,396	23,502	$ (22,568)	(138)
Beginning Balance, (in shares) at Oct. 27, 2019		916			1,079
Beginning Balance at Oct. 27, 2019	8,214	$ 9	7,595	24,386	$ (23,596)	(180)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,647			1,647
Other comprehensive income (loss), net of tax	(135)					(135)
Dividends declared	(395)			(395)
Share-based compensation	164		164
Issuance under stock plans (in shares)		8
Issuance under stock plans	$ (72)		(72)
Common stock repurchases (in shares)	(7)	(7)			(7)
Common stock repurchases	$ (399)	$ 0			$ (399)
Ending Balance, (in shares) at Apr. 26, 2020		917			1,086
Ending Balance at Apr. 26, 2020	9,024	$ 9	7,687	25,638	$ (23,995)	(315)
Beginning Balance, (in shares) at Jan. 26, 2020		919			1,082
Beginning Balance at Jan. 26, 2020	8,660	$ 9	7,550	25,085	$ (23,796)	(188)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	755			755
Other comprehensive income (loss), net of tax	(127)					(127)
Dividends declared	(202)			(202)
Share-based compensation	71		71
Issuance under stock plans (in shares)		2
Issuance under stock plans	$ 66		66
Common stock repurchases (in shares)	(4)	(4)			(4)
Common stock repurchases	$ (199)				$ (199)
Ending Balance, (in shares) at Apr. 26, 2020		917			1,086
Ending Balance at Apr. 26, 2020	$ 9,024	$ 9	$ 7,687	$ 25,638	$ (23,995)	$ (315)

Consolidated Condensed Statem_4

Consolidated Condensed Statements of Stockholders' Equity (Parenthetical) - $ / shares	1 Months Ended	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Statement of Stockholders' Equity [Abstract]
Dividends declared per share (in dollars per share)	$ 0.21	$ 0.22	$ 0.21	$ 0.43	$ 0.41

Consolidated Condensed Statem_5

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019
Cash flows from operating activities:
Net income	$ 1,647	$ 1,437
Adjustments required to reconcile net income to cash provided by operating activities:
Depreciation and amortization	185	182
Share-based compensation	164	130
Deferred income taxes	19	49
Other	22	(9)
Changes in operating assets and liabilities:
Accounts receivable	(92)	60
Inventories	(252)	44
Other current and non-current assets	(112)	(9)
Accounts payable and accrued expenses	82	(409)
Contract liabilities	(2)	192
Income taxes payable	(37)	(53)
Other liabilities	(2)	20
Cash provided by operating activities	1,622	1,634
Cash flows from investing activities:
Capital expenditures	(173)	(251)
Cash paid for acquisitions, net of cash acquired	(27)	(23)
Proceeds from sales and maturities of investments	1,035	906
Purchases of investments	(832)	(827)
Cash provided by (used in) investing activities	3	(195)
Cash flows from financing activities:
Debt borrowings, net of issuance costs	1,498	0
Proceeds from common stock issuances	91	73
Common stock repurchases	(399)	(1,375)
Tax withholding payments for vested equity awards	(163)	(80)
Payments of dividends to stockholders	(385)	(381)
Cash provided by (used in) financing activities	642	(1,763)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	2,267	(324)
Cash, cash equivalents and restricted cash equivalents — beginning of period	3,129	3,440
Cash, cash equivalents and restricted cash equivalents — end of period	5,396	3,116
Reconciliation of cash, cash equivalents, and restricted cash equivalents
Total cash, cash equivalents, and restricted cash equivalents	5,396	3,116
Supplemental cash flow information:
Cash payments for income taxes	281	232
Cash refunds from income taxes	5	18
Cash payments for interest	$ 110	$ 110

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Apr. 26, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Basis of Presentation In the opinion of management, the unaudited interim consolidated condensed financial statements of Applied Materials, Inc. and its subsidiaries (Applied or the Company) included herein have been prepared on a basis consistent with the October 27, 2019 audited consolidated financial statements and include all material adjustments, consisting of normal recurring adjustments, necessary to fairly present the information set forth therein. These unaudited interim consolidated condensed financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in Applied’s Annual Report on Form 10-K for the fiscal year ended October 27, 2019 (2019 Form 10-K). Applied’s results of operations for the three and six months ended April 26, 2020 are not necessarily indicative of future operating results. Applied’s fiscal year ends on the last Sunday in October of each year. Fiscal 2020 and 2019 contain 52 weeks each, and the first six months of fiscal 2020 and 2019 each contained 26 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 April 26, 2020, 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. 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. 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. Derivatives and Hedging. In August 2017, the FASB issued authoritative guidance that modifies the recognition and presentation of hedge accounting to better align an entity’s risk management strategies and financial reporting for hedging relationships. The authoritative guidance expands the application of hedge accounting for non-financial and financial risk components and eases certain hedge effectiveness assessment requirements. Applied adopted this guidance in the first quarter of fiscal 2020 under the modified retrospective approach. The cumulative effect adjustment for the elimination of the ineffectiveness was not material to Applied’s condensed consolidated financial statements. The presentation and disclosure have been amended on a prospective basis, as required by this update. Receivables: Nonrefundable Fees and Other Costs. In March 2017, the FASB issued authoritative guidance that will shorten the amortization period for certain callable debt securities held at a premium to the earliest call date to more closely align with expectations incorporated in market pricing. Applied adopted this guidance in the first quarter of fiscal 2020 on a modified retrospective basis. The adoption of this guidance did not have a significant impact on Applied’s consolidated 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. This authoritative guidance will be effective for Applied in the first quarter of fiscal 2022, with early adoption permitted. Applied is currently evaluating the effect of this new guidance on Applied’s consolidated financial statements. Retirement Benefits: Changes to the Disclosure Requirements for Defined Benefit and other Postretirement Plans. In August 2018, the FASB issued authoritative guidance that adds, removes, and clarifies disclosure requirements for defined benefit and other postretirement plans. This authoritative guidance will be effective for Applied in fiscal 2021 on a retrospective basis, with early adoption permitted. Applied is currently evaluating the effect of this new guidance on Applied’s consolidated financial statements. Goodwill Impairment. In January 2017, the FASB issued authoritative guidance that simplifies the process required to test goodwill for impairment. The authoritative guidance will be effective for Applied in the first quarter of fiscal 2021. Early adoption is permitted. The adoption of this guidance is not expected to have a significant impact on Applied’s consolidated 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. The authoritative guidance will be effective for Applied in the first quarter of fiscal 2021. Early adoption was permitted beginning in the first quarter of fiscal 2020. Applied is currently evaluating the effect of this new guidance on Applied’s consolidated financial statements.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Apr. 26, 2020
Earnings Per Share [Abstract]
Earnings Per Share	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 stock options, 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. Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions, except per share amounts) Numerator: Net income $ 755 $ 666 $ 1,647 $ 1,437 Denominator: Weighted average common shares outstanding 917 942 917 950 Effect of weighted dilutive stock options, restricted stock units and employee stock purchase plan shares 6 6 8 7 Denominator for diluted earnings per share 923 948 925 957 Basic earnings per share $ 0.82 $ 0.71 $ 1.80 $ 1.51 Diluted earnings per share $ 0.82 $ 0.70 $ 1.78 $ 1.50 Potentially weighted dilutive securities — 3 — 3 Potentially weighted dilutive securities attributable to outstanding stock options and 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 Inve

Cash, Cash Equivalents and Investments	6 Months Ended
Cash, Cash Equivalents and Investments	Apr. 26, 2020
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Investments	Cash, Cash Equivalents and Investments Summary of Cash, Cash Equivalents and Investments The following tables summarize Applied’s cash, cash equivalents and investments: April 26, 2020 Cost Gross Gross Estimated (In millions) Cash $ 1,029 $ — $ — $ 1,029 Cash equivalents: Money market funds 4,231 — — 4,231 Commercial paper, corporate bonds and medium-term notes 21 — — 21 Total Cash equivalents 4,252 — — 4,252 Total Cash and Cash equivalents $ 5,281 $ — $ — $ 5,281 Short-term and long-term investments: U.S. Treasury and agency securities $ 380 $ 6 $ — $ 386 Non-U.S. government securities* 4 — — 4 Municipal securities 397 5 — 402 Commercial paper, corporate bonds and medium-term notes 555 5 3 557 Asset-backed and mortgage-backed securities 594 7 4 597 Total fixed income securities 1,930 23 7 1,946 Publicly traded equity securities 11 31 4 38 Equity investments in privately-held companies 104 18 5 117 Total equity investments 115 49 9 155 Total short-term and long-term investments $ 2,045 $ 72 $ 16 $ 2,101 Total Cash, Cash equivalents and Investments $ 7,326 $ 72 $ 16 $ 7,382 _________________________ * Includes agency debt securities guaranteed by Canada. October 27, 2019 Cost Gross Gross Estimated (In millions) Cash $ 1,071 $ — $ — $ 1,071 Cash equivalents: Money market funds 1,677 — — 1,677 U.S. Treasury and agency securities 4 — — 4 Commercial paper, corporate bonds and medium-term notes 377 — — 377 Total Cash equivalents 2,058 — — 2,058 Total Cash and Cash equivalents $ 3,129 $ — $ — $ 3,129 Short-term and long-term investments: U.S. Treasury and agency securities $ 336 $ 1 $ — $ 337 Non-U.S. government securities* 10 — — 10 Municipal securities 402 4 — 406 Commercial paper, corporate bonds and medium-term notes 642 5 — 647 Asset-backed and mortgage-backed securities 631 4 — 635 Total fixed income securities 2,021 14 — 2,035 Publicly traded equity securities 8 40 3 45 Equity investments in privately-held companies 105 10 3 112 Total equity investments 113 50 6 157 Total short-term and long-term investments $ 2,134 $ 64 $ 6 $ 2,192 Total Cash, Cash equivalents and Investments $ 5,263 $ 64 $ 6 $ 5,321 _________________________ * Includes agency debt securities guaranteed by Canada. Maturities of Investments The following table summarizes the contractual maturities of Applied’s investments as of April 26, 2020: Cost Estimated (In millions) Due in one year or less $ 378 $ 380 Due after one through five years 958 969 No single maturity date 709 752 Total $ 2,045 $ 2,101 _________________________ 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 During the three and six months ended April 26, 2020 and April 28, 2019 gross realized gains and losses on investments were not material. As of April 26, 2020, and October 27, 2019, 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. Factors considered in determining whether an unrealized loss is considered to be temporary, or other-than-temporary and therefore impaired, include: the length of time and extent to which fair value has been lower than 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. Applied determined that the gross unrealized losses on its marketable fixed-income securities as of April 26, 2020 and April 28, 2019 were temporary in nature and therefore it did not recognize any impairment of its marketable fixed-income securities during the three and six months ended April 26, 2020 or April 28, 2019. Impairment charges on equity investments in privately-held companies during the three and six months ended April 26, 2020 and April 28, 2019 were not material. These impairment charges are included in interest and other income, net in the Consolidated Condensed Statement of Operations. The components of gain (loss) on equity investments for the three and six months ended April 26, 2020 and April 28, 2019 were as follows: Three Months Ended Six Months Ended April 26, 2020 April 28, 2019 April 26, 2020 April 28, 2019 (In millions) Publicly traded equity securities Unrealized gain $ 3 $ 7 $ 5 $ 13 Unrealized loss (12) (1) (15) (3) Realized gain on sales — 1 — 2 Equity investments in privately-held companies Unrealized gain 9 2 9 9 Unrealized loss (2) (2) (3) (3) Realized gain on sales or other 1 4 1 5 Realized loss on sales or impairment (6) — (8) — Total gain (loss) on equity investments, net $ (7) $ 11 $ (11) $ 23

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Apr. 26, 2020
Fair Value Disclosures [Abstract]
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 April 26, 2020, 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. Applied’s interest rate derivatives are measured at fair value using valuation models based on observable market data, including interest rates, credit spreads and credit default swap rates. The changes in fair value of these derivatives are recognized in the consolidated statements of comprehensive income. Assets and Liabilities Measured at Fair Value on a Recurring Basis Financial assets (excluding cash balances) and liabilities measured at fair value on a recurring basis are summarized below: April 26, 2020 October 27, 2019 Level 1 Level 2 Total Level 1 Level 2 Total (In millions) Assets: Available-for-sale debt security investments Money market funds* $ 4,346 $ — $ 4,346 $ 1,677 $ — $ 1,677 U.S. Treasury and agency securities 369 17 386 323 18 341 Non-U.S. government securities — 4 4 — 10 10 Municipal securities — 401 401 — 406 406 Commercial paper, corporate bonds and medium-term notes — 579 579 — 1,024 1,024 Asset-backed and mortgage-backed securities — 597 597 — 635 635 Total available-for-sale debt security investments $ 4,715 $ 1,598 $ 6,313 $ 2,000 $ 2,093 $ 4,093 Equity investments with readily determinable values Publicly traded equity securities $ 38 $ — $ 38 $ 45 $ — $ 45 Total equity investments with readily determinable values $ 38 $ — $ 38 $ 45 $ — $ 45 Total assets $ 4,753 $ 1,598 $ 6,351 $ 2,045 $ 2,093 $ 4,138 Liabilities: Interest rate derivatives $ — $ 180 $ 180 $ — $ — $ — Total liabilities $ — $ 180 $ 180 $ — $ — $ — _________________________ * Amount as of April 26, 2020 includes $115 million 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 or liabilities measured at fair value on a recurring basis within Level 3 fair value measurements as of April 26, 2020 or October 27, 2019. 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 periodically assessed for impairment when an event or circumstance indicates that a decline in value may have occurred. Impairment charges on equity investments in privately-held companies during the three and six months ended April 26, 2020 and April 28, 2019 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. The carrying value of the Company’s revolving credit facility approximates its fair value given the revolving nature of the balance and the variable market interest rate. As of April 26, 2020, the aggregate principal amount of long-term senior notes was $4.8 billion, and the estimated fair value was $5.8 billion. As of October 27, 2019, the aggregate principal amount of long-term senior notes was $4.8 billion, and the estimated fair value was $5.5 billion. The estimated fair value of long-term senior 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 Condensed Financial Statements for further detail of existing debt.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
Derivative Instruments and Hedging Activities	Apr. 26, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	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, euro, Israeli shekel 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 treatment, as well as the ineffective portion of any hedges, 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 as of April 26, 2020 is expected to be reclassified into earnings within 12 months. Prior to adopting the new accounting guidance for hedge accounting, changes in the fair value of currency forward exchange and option contracts due to changes in time value were excluded from the assessment of effectiveness. Subsequent to the adoption of the new accounting guidance, only changes in the fair value of option contracts due to changes in time value were 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. Both ineffective hedge amounts and hedge components excluded from the assessment of effectiveness are recognized in earnings. If the transaction being hedged is no longer probable to occur, or if a portion of any derivative is deemed to be ineffective, Applied promptly recognizes the gain or loss on the associated financial instrument in earnings. The amount recognized due to discontinuance of cash flow hedges that were probable not to occur by the end of the originally specified time period was not material for the three and six months ended April 26, 2020 and April 28, 2019. Additionally, forward exchange contracts are generally used to hedge certain foreign currency denominated assets or liabilities. These derivatives are typically entered into once per month and are not designated for hedge accounting treatment. 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. The fair values of foreign exchange derivative instruments as of April 26, 2020 and October 27, 2019 were not material. Applied is also exposed to interest rate risk associated with its potential future borrowings. During the six months ended April 26, 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 will be settled upon the issuance of debt. 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: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Derivatives in Cash Flow Hedging Relationships: Foreign exchange contracts $ (3) $ 11 $ 4 $ (5) Interest rate contracts (162) — (180) — Total $ (165) $ 11 $ (176) $ (5) The effects of derivative instruments and hedging activities on the Consolidated Condensed Statements of Operations were as follows: Three Months Ended April 26, 2020 April 28, 2019 Derivatives in Cash Flow Hedging Relationships Derivatives in Cash Flow Hedging Relationships Total Amount Presented in the Condensed Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amounts of Gain (Loss) Excluded from Effectiveness Testing Total Amount Presented in the Condensed Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amounts of Gain (Loss) Excluded from Effectiveness Testing (In millions) Foreign Exchange Contracts: Net Sales $ 3,957 $ 2 $ 1 $ 3,539 $ — $ — Cost of products sold $ 2,208 (3) (1) $ 2,009 (2) 4 Research, development and engineering $ 550 (1) — $ 508 — — General and administrative $ 137 — — $ 113 2 (2) Interest Rate Contracts: Interest expense $ 61 — — $ 60 (2) — $ (2) $ — $ (2) $ 2 Six Months Ended April 26, 2020 April 28, 2019 Derivatives in Cash Flow Hedging Relationships 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) Amounts of Gain (Loss) Excluded from Effectiveness Testing Total Amount Presented in the Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amounts of Gain (Loss) Excluded from Effectiveness Testing (In millions) Foreign Exchange Contracts: Net Sales $ 8,119 $ 1 $ 3 $ 7,292 $ — $ — Cost of products sold $ 4,512 (1) (1) $ 4,097 10 9 Research, development and engineering $ 1,102 — — $ 1,024 — — Marketing and selling $ 265 — — $ 264 — — General and administrative $ 266 — — $ 223 (3) (3) Interest Rate Contracts: Interest expense $ 120 (1) — $ 120 (2) — $ (1) $ 2 $ 5 $ 6 Amount of Gain or (Loss) Three Months Ended Six Months Ended Location of Gain or April 26, 2020 April 28, April 26, 2020 April 28, (In millions) Derivatives Not Designated as Hedging Instruments Foreign exchange contracts General and administrative $ — $ 6 $ — $ (4) Foreign exchange contracts Interest and other income, net (8) — (4) — Total return swaps - deferred compensation Cost of products sold (1) — (1) — Total return swaps - deferred compensation Operating expenses (10) — (10) — Total return swaps - deferred compensation Interest and other income, net (1) — (1) — Total $ (20) $ 6 $ (16) $ (4) 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 April 26, 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.

Accounts Receivable, Net

Accounts Receivable, Net	6 Months Ended
Accounts Receivable, Net	Apr. 26, 2020
Receivables [Abstract]
Accounts Receivable, Net	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 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 $158 million and $364 million of account receivables during the three and six months ended April 26, 2020, respectively. Applied sold $677 million and $1.1 billion of accounts receivable during the three and six months April 28, 2019, respectively. Applied did not discount letters of credit issued by customers or discount promissory notes during the three and six months ended April 26, 2020 and April 28, 2019. Financing charges on the sale of receivables and discounting of letters of credit are included in interest expense in the accompanying Consolidated Condensed Statements of Operations and were not material for all periods presented. Accounts receivable are presented net of allowance for doubtful accounts of $30 million as of April 26, 2020 and October 27, 2019. Applied sells its products principally to manufacturers within the semiconductor and display industries. While Applied believes that its allowance for doubtful accounts is adequate and represents its best estimate as of April 26, 2020, it continues to closely monitor customer liquidity and industry and economic conditions, which may result in changes to Applied’s estimates.

Contract Balances

Contract Balances	6 Months Ended
Contract Balances	Apr. 26, 2020
Revenue from Contract with Customer [Abstract]
Contract Balances	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 Condensed 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: April 26, 2020 October 27, 2019 (In millions) Contract assets $ 152 $ 108 Contract liabilities $ 1,334 $ 1,336 The increase in contract assets during the six months ended April 26, 2020, 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 the six months ended April 26, 2020, Applied recognized revenue of approximately $894 million related to contract liabilities at October 27, 2019. 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 April 26, 2020. There were no impairment losses recognized on Applied’s accounts receivables and contract assets during both the three and six months ended April 26, 2020 and April 28, 2019. As of April 26, 2020, the amount of remaining unsatisfied performance obligations on contracts with an original estimated duration of one year or more was approximately $683 million, of which approximately 56% is expected to be recognized within 12 months and the remainder is expected to 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.

Balance Sheet Detail

Balance Sheet Detail	6 Months Ended
Balance Sheet Detail	Apr. 26, 2020
Balance Sheet Detail [Abstract]
Balance Sheet Detail	Balance Sheet Detail April 26, October 27, (In millions) Inventories Customer service spares $ 1,184 $ 1,245 Raw materials 880 802 Work-in-process 686 575 Finished goods 975 852 $ 3,725 $ 3,474 Included in finished goods inventory are $7 million as of April 26, 2020, and $13 million as of October 27, 2019, 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 $375 million and $318 million of evaluation inventory as of April 26, 2020 and October 27, 2019, respectively. April 26, October 27, (In millions) Other Current Assets Prepaid income taxes and income taxes receivable $ 124 $ 96 Prepaid expenses and other 557 485 $ 681 $ 581 Useful Life April 26, October 27, (In years) (In millions) Property, Plant and Equipment, Net Land and improvements $ 255 $ 254 Buildings and improvements 3-30 1,640 1,590 Demonstration and manufacturing equipment 3-5 1,571 1,505 Furniture, fixtures and other equipment 3-5 615 602 Construction in progress 130 120 Gross property, plant and equipment 4,211 4,071 Accumulated depreciation (2,677) (2,542) $ 1,534 $ 1,529 April 26, October 27, (In millions) Deferred Income Taxes and Other Assets Non-current deferred income taxes and income taxes receivable $ 1,794 $ 1,766 Operating lease right-of-use assets 242 — Other assets 274 265 $ 2,310 $ 2,031 April 26, October 27, (In millions) Accounts Payable and Accrued Expenses Accounts payable $ 1,062 $ 958 Compensation and employee benefits 513 559 Warranty 199 196 Dividends payable 202 192 Income taxes payable 159 160 Other accrued taxes 23 55 Interest payable 40 38 Operating lease liabilities, current 59 — Other 574 353 $ 2,831 $ 2,511 April 26, October 27, (In millions) Other Liabilities Defined and postretirement benefit plans $ 211 $ 212 Operating lease liabilities, non-current 185 — Other 177 163 $ 573 $ 375

Business Combination

Business Combination	6 Months Ended
Business Combination	Apr. 26, 2020
Business Combinations [Abstract]
Business Combination	Business Combination Kokusai Electric Corporation On June 30, 2019, Applied entered into a Share Purchase Agreement (SPA) to acquire all outstanding shares of Kokusai Electric Corporation (Kokusai Electric) for $2.2 billion in cash. Kokusai Electric is a leading company in providing high-productivity batch processing systems and services for memory, foundry and logic customers. These systems complement Applied’s portfolio of single-wafer processing systems. Following the close of the transaction, Kokusai Electric will operate as a business unit of Applied’s Semiconductor Systems segment and continue to be based in Tokyo, with technology and manufacturing centers in Toyama, Japan and Cheonan, Korea. The transaction is subject to regulatory approvals and other customary closing conditions.

Goodwill, Purchased Technology

Goodwill, Purchased Technology and Other Intangible Assets	6 Months Ended
Goodwill, Purchased Technology and Other Intangible Assets	Apr. 26, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Purchased Technology and Other Intangible Assets	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. Applied regularly monitors current business conditions and considers other factors including, but not limited to, adverse industry or economic trends, restructuring actions and lower projections of profitability that may impact future operating results. To test 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. If it is concluded that this is the case, Applied then performs the two-step goodwill impairment test. Otherwise, the two-step goodwill impairment test is not required. Under the two-step goodwill impairment test, Applied would in the first step compare the estimated fair value of each reporting unit to its carrying value. Applied determines the fair value of each of its reporting units based on a weighting of income and market approaches. If the carrying value of a reporting unit exceeds its fair value, Applied would then perform the second step of the impairment test in order to determine the implied fair value of the reporting unit’s goodwill. If Applied determines that the carrying value of a reporting unit’s goodwill exceeds its implied fair value, Applied would record an impairment charge equal to the difference. As of April 26, 2020, 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 Corporate and Other. 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 as of April 26, 2020 and October 27, 2019 were as follows: April 26, October 27, (In millions) Semiconductor Systems $ 2,182 $ 2,182 Applied Global Services 1,018 1,018 Display and Adjacent Markets 199 199 Corporate and Other 27 — Carrying amount $ 3,426 $ 3,399 From time to time, Applied makes acquisitions of companies related to existing or new markets for Applied. During the first half of fiscal 2020, goodwill increased by $27 million primarily due to the preliminary purchase accounting for an acquisition completed in the second quarter of fiscal 2020, which was not material to Applied’s results of operations. A summary of Applied’s purchased technology and intangible assets is set forth below: April 26, October 27, (In millions) Purchased technology, net $ 55 $ 71 Intangible assets - finite-lived, net 77 85 Total $ 132 $ 156 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: April 26, 2020 October 27, 2019 Purchased Other Total Purchased Other Total (In millions) Gross carrying amount: Semiconductor Systems $ 1,449 $ 252 $ 1,701 $ 1,449 $ 252 $ 1,701 Applied Global Services 35 44 79 33 44 77 Display and Adjacent Markets 163 38 201 163 38 201 Corporate and Other — 9 9 — 9 9 Gross carrying amount $ 1,647 $ 343 $ 1,990 $ 1,645 $ 343 $ 1,988 Accumulated amortization: Semiconductor Systems $ (1,411) $ (176) $ (1,587) $ (1,400) $ (168) $ (1,568) Applied Global Services (30) (44) (74) (30) (44) (74) Display and Adjacent Markets (151) (37) (188) (144) (37) (181) Corporate and Other — (9) (9) — (9) (9) Accumulated amortization $ (1,592) $ (266) $ (1,858) $ (1,574) $ (258) $ (1,832) Carrying amount $ 55 $ 77 $ 132 $ 71 $ 85 $ 156 Details of amortization expense by segment were as follows: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Semiconductor Systems $ 9 $ 10 $ 19 $ 21 Applied Global Services — 1 — 1 Display and Adjacent Markets 3 3 7 6 Total $ 12 $ 14 $ 26 $ 28 Amortization expense was charged to the following categories: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Cost of products sold $ 8 $ 10 $ 17 $ 19 Marketing and selling 4 4 9 9 Total $ 12 $ 14 $ 26 $ 28 As of April 26, 2020, future estimated amortization expense is expected to be as follows: Amortization (In millions) 2020 (remaining 6 months) $ 25 2021 40 2022 24 2023 12 2024 11 Thereafter 20 Total $ 132

Borrowing Facilities and Debt

Borrowing Facilities and Debt	6 Months Ended
Borrowing Facilities and Debt	Apr. 26, 2020
Debt Disclosure [Abstract]
Borrowing Facilities and Debt	Borrowing Facilities and Debt Revolving Credit Facilities In February 2020, Applied entered into a five In March 2020, Applied borrowed the full $1.5 billion available under the Revolving Credit Agreement in order to increase its cash position and preserve financial flexibility in light of recent uncertainty in the global markets resulting from the COVID-19 outbreak. Applied may at any time and from time to time, borrow, repay and reborrow under the Revolving Credit Agreement during the term of the facility. The maturity date of the Revolving Credit Agreement is February 21, 2025, unless extended, at which time the outstanding amount of loans, if any, must be repaid in full. The initial interest rate for the borrowing under the Revolving Credit Agreement is one-month LIBOR plus a margin of 0.875%, based on Applied’s public debt credit ratings. A s of April 26, 2020, Applied had $1.5 billion outstanding under the Revolving Credit Agreement. No amounts were outstanding under the Revolving Credit Agreement as of October 27, 2019. On May 13, 2020, Applied repaid the full $1.5 billion of borrowings under the Revolving Credit Agreement. In addition, Applied has revolving credit facilities with Japanese banks pursuant to which it may borrow up to approximately $74 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 April 26, 2020 and October 27, 2019, 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 with a group of lenders. Under the agreement, the lenders have 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. The commitments of the lenders to make the term loan will terminate if the transactions contemplated by the Share Purchase Agreement are not consummated on or before June 30, 2020, which date may be extended by three months on two separate occasions if, on the applicable date, the only remaining conditions to closing relate to required regulatory approvals. The term loan, if advanced, will bear interest at one of two rates selected by Applied, plus an applicable margin, which varies according to Applied’s public debt credit ratings, and must be repaid in full on the third anniversary of the funding date of the term loan. No amounts were outstanding under this term loan credit agreement at both April 26, 2020 and October 27, 2019. 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 April 26, 2020 and October 27, 2019, Applied did not have any commercial paper outstanding. Debt outstanding as of April 26, 2020 and October 27, 2019 was as follows: Principal Amount April 26, October 27, Effective Interest (In millions) Current portion of long-term debt: 2.625% Senior Notes Due 2020 $ 600 $ 600 2.640% April 1, October 1 Total current portion of long-term debt 600 600 Long-term debt, net of current portion: 4.300% Senior Notes Due 2021 750 750 4.326% June 15, December 15 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 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 4,750 4,750 Total unamortized discount (9) (10) Total unamortized debt issuance costs (26) (27) Total long-term senior notes $ 4,715 $ 4,713 Revolving Credit Agreement 1,500 — Total long-term debt, net of current portion $ 6,215 $ 4,713 Total debt $ 6,815 $ 5,313

Leases

Leases	6 Months Ended
Leases	Apr. 26, 2020
Leases [Abstract]
Leases	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: Three Months Ended Six Months Ended April 26, 2020 April 26, 2020 (In millions, except percentages) Operating lease cost $21 $34 Weighted-average remaining lease term (in years) 5.4 Weighted-average discount rate 2.0% Supplemental cash flow information related to leases are as follows: Six Months Ended April 26, 2020 (In millions) Operating cash flows paid for operating leases $ 34 Right-of-use assets obtained in exchange for operating lease liabilities $ 113 As of April 26, 2020, the maturities of lease liabilities are as follows: Operating Leases Fiscal (In millions) 2020 (remaining 6 months) $ 32 2021 57 2022 45 2023 40 2024 36 Thereafter 48 Total lease payments $ 258 Less imputed interest (14) Total $ 244 Prior to the adoption of the new lease standard, future minimum lease payments as of October 27, 2019 , as defined under the previous lease accounting guidance, were as follows: Lease Payments Fiscal (In millions) 2020 $ 45 2021 34 2022 24 2023 21 2024 17 Thereafter 30 $ 171

Stockholders' Equity, Comprehen

Stockholders' Equity, Comprehensive Income and Share-Based Compensation	6 Months Ended
	Apr. 26, 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 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 as of October 27, 2019 $ 11 $ (16) $ (188) $ 13 $ (180) Other comprehensive income (loss) before reclassifications 5 (137) — — (132) Amounts reclassified out of AOCI (4) 1 — — (3) Other comprehensive income (loss), net of tax 1 (136) — — (135) Balance as of April 26, 2020 $ 12 $ (152) $ (188) $ 13 $ (315) 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 as of October 28, 2018 $ 7 $ (9) $ (137) $ 14 $ (125) Adoption of new accounting standards (a) (17) — — — (17) Other comprehensive income (loss) before reclassifications 13 (4) — (1) 8 Amounts reclassified out of AOCI — (4) — — (4) Other comprehensive income (loss), net of tax 13 (8) — (1) 4 Balance as of April 28, 2019 $ 3 $ (17) $ (137) $ 13 $ (138) (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 in the first quarter of fiscal 2019. The tax effects on the unrealized loss on derivative instruments qualifying as cash flow hedges for the six months ended April 26, 2020 was $39 million. The tax effects on net income of amounts reclassified from AOCI for the three and six months ended April 26, 2020 and April 28, 2019 were not material. Stock Repurchase Program In February 2018, the Board of Directors approved a common stock repurchase program authorizing up to an aggregate of $6.0 billion in repurchases. As of April 26, 2020, approximately $1.5 billion remained available for future stock repurchases under this repurchase program. The following table summarizes Applied’s stock repurchases for the six months ended April 26, 2020 and April 28, 2019: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (in millions, except per share amount) Shares of common stock repurchased 4 16 7 38 Cost of stock repurchased $ 199 $ 625 $ 399 $ 1,375 Average price paid per share $ 50.14 $ 39.91 $ 54.06 $ 36.48 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 In March 2020 and December 2019, Applied’s Board of Directors declared quarterly cash dividends, in the amount of $0.22 and $0.21 per share, respectively. The dividend declared in March 2020 is payable in June 2020. Dividends paid during the six months ended April 26, 2020 and April 28, 2019 totaled $385 million and $381 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, which permits grants to employees of share-based awards, including stock options, restricted stock, restricted stock units, performance shares 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. Applied also has two Employee Stock Purchase Plans, one generally for United States employees and a second for employees of international subsidiaries (collectively, ESPP), which enable eligible employees to purchase Applied common stock. During the three and six months ended April 26, 2020 and April 28, 2019, Applied recognized share-based compensation expense related equity awards and ESPP shares. The effect of share-based compensation on the results of operations was as follows: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Cost of products sold $ 24 $ 22 $ 55 $ 44 Research, development and engineering 27 25 62 49 Marketing and selling 8 7 19 15 General and administrative 12 11 28 22 Total share-based compensation $ 71 $ 65 $ 164 $ 130 Share-based expense in the first six months of fiscal 2020 increased compared to the same period in the prior year primarily due to expense related to awards with provisions that became effective in the first quarter of fiscal 2020 that allow partial accelerated vesting in the event of a qualifying retirement. 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. As of April 26, 2020, Applied had $505 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 2.7 years. As of April 26, 2020, there were 57 million shares available for grants of share-based awards under the Employee Stock Incentive Plan, and an additional 11 million shares available for issuance under the ESPP. Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units A summary of the changes in any restricted stock units, restricted stock, performance shares and performance units outstanding under Applied’s equity compensation plans during the six months ended April 26, 2020 is presented below: Shares Weighted (In millions, except per share amounts) Outstanding as of October 27, 2019 18 $ 35.78 Granted 5 $ 53.30 Vested (8) $ 30.79 Canceled — $ 41.31 Outstanding as of April 26, 2020 15 $ 44.53 As of April 26, 2020, 1.3 million additional performance-based awards could be earned based upon achievement of certain levels of specified performance goals. During the first quarter of fiscal 2020, certain executive officers were granted awards that 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 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 described below. The number of shares that may vest in full after three years ranges from 0% to 200% of the target amount. The awards provide for a partial payout based on actual performance at the conclusion of the three 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 total shareholder return 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. Employee Stock Purchase Plans Under the 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 a total of 2 million shares during each of the three and six months ended April 26, 2020 and April 28, 2019. 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: Three and Six Months Ended April 26, 2020 April 28, 2019 Dividend yield 1.40% 2.18% Expected volatility 37.2% 37.1% Risk-free interest rate 1.05% 2.51% Expected life (in years) 0.5 0.5 Weighted average estimated fair value $15.24 $9.78

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Apr. 26, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Applied’s provision for income taxes and effective tax rate are affected by the geographical composition of pre-tax income which includes jurisdictions with differing tax rates, conditional reduced tax rates and other income tax incentives. It is also affected by events that are not consistent from period to period, such as changes in income tax laws and the resolution of prior years’ income tax filings. On December 22, 2017, the U.S. government enacted the Tax Cuts and Jobs Act (Tax Act). The Tax Act includes provisions that impact Applied starting in fiscal 2019, including a provision designed to tax global intangible low-taxed income (GILTI). As a result, Applied realized a tax benefit of $50 million in the second quarter and $96 million in the first half of fiscal 2019. On June 14, 2019, the U.S. government released regulations that significantly affect how the GILTI provision of the Tax Act is interpreted. Accordingly, Applied reversed the tax benefit that had been realized in the first half of fiscal 2019. On March 27, 2020, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The enactment of the CARES Act does not result in any material adjustments to Applied’s provision for income taxes. Applied’s effective tax rates for the second quarter of fiscal 2020 and 2019 were 14.0 percent and 12.3 percent, respectively. The effective tax rate for the second quarter was higher than the same period in the prior fiscal year primarily due to an increase in tax expense in fiscal 2020 due to the tax benefit taken for GILTI in the second quarter of fiscal 2019 prior to the release of regulations on June 14, 2019 which resulted in the benefit no longer being realizable. This was partially offset by changes in uncertain tax positions. Applied’s effective tax rates for the first half of fiscal 2020 and 2019 were 12.5 percent and 12.8 percent, respectively. The effective tax rate for the first half of fiscal 2020 was lower than the same period in the prior fiscal year primarily due to changes in uncertain tax positions and excess tax benefits from share-based compensation. This was partially offset by an increase in tax expense in fiscal 2020 due to the tax benefit taken for GILTI in the first half of fiscal 2019 prior to the release of regulations on June 14, 2019 which resulted in the benefit no longer being realizable. During the next twelve months, it is reasonably possible that unrecognized tax benefits related to certain tax positions taken on previously filed tax returns could be recognized in the amount of approximately $29 million as a result of negotiations with tax authorities and lapses of statutes of limitation.

Warranty, Guarantees and Contin

Warranty, Guarantees and Contingencies	6 Months Ended
Warranty, Guarantees and Contingencies	Apr. 26, 2020
Commitments and Contingencies Disclosure [Abstract]
Warranty, Guarantees and Contingencies	Warranty, Guarantees and Contingencies Warranty Changes in the warranty reserves are presented below: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Beginning balance $ 196 $ 200 $ 196 $ 208 Warranties issued 36 34 76 73 Change in reserves related to preexisting warranty 5 5 2 6 Consumption of reserves (38) (44) (75) (92) Ending balance $ 199 $ 195 $ 199 $ 195 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 April 26, 2020, the maximum potential amount of future payments that Applied could be required to make under these guarantee agreements was approximately $146 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 April 26, 2020, Applied has provided parent guarantees to banks for approximately $151 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 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.

Industry Segment Operations

Industry Segment Operations	6 Months Ended
Industry Segment Operations	Apr. 26, 2020
Segment Reporting [Abstract]
Industry Segment Operations	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 April 26, 2020 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 flexible coating systems 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 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. Net sales and operating income (loss) for each reportable segment were as follows: Three Months Ended Six Months Ended Net Sales Operating Net Sales Operating (In millions) April 26, 2020: Semiconductor Systems $ 2,567 $ 782 $ 5,381 $ 1,697 Applied Global Services 1,018 256 2,015 534 Display and Adjacent Markets 365 75 697 113 Corporate and Other 7 (181) 26 (370) Total $ 3,957 $ 932 $ 8,119 $ 1,974 April 28, 2019: Semiconductor Systems $ 2,184 $ 579 $ 4,452 $ 1,210 Applied Global Services 984 283 1,946 568 Display and Adjacent Markets 348 42 855 157 Corporate and Other 23 (128) 39 (251) Total $ 3,539 $ 776 $ 7,292 $ 1,684 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. Net sales by geographic region, determined by the location of customers’ facilities to which products were shipped to, were as follows: Three Months Ended Six Months Ended April 26, April 28, Change April 26, April 28, Change (In millions, except percentages) China $ 1,138 29 % $ 993 28 % 15 % $ 2,410 30 % $ 1,961 27 % 23 % Korea 753 19 % 441 13 % 71 % 1,261 16 % 1,013 14 % 24 % Taiwan 1,029 26 % 794 22 % 30 % 2,394 29 % 1,450 20 % 65 % Japan 467 12 % 520 15 % (10) % 818 10 % 1,171 16 % (30) % Southeast Asia 58 1 % 119 3 % (51) % 130 1 % 279 4 % (53) % Asia Pacific 3,445 87 % 2,867 81 % 20 % 7,013 86 % 5,874 81 % 19 % United States 331 8 % 457 13 % (28) % 772 10 % 907 12 % (15) % Europe 181 5 % 215 6 % (16) % 334 4 % 511 7 % (35) % Total $ 3,957 100 % $ 3,539 100 % 12 % $ 8,119 100 % $ 7,292 100 % 11 % Net sales for Semiconductor Systems by end use application for the periods indicated were as follows: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, Foundry, logic and other 56 % 58 % 62 % 51 % Dynamic random-access memory (DRAM) 22 % 18 % 18 % 19 % Flash memory 22 % 24 % 20 % 30 % 100 % 100 % 100 % 100 % The reconciling items included in Corporate and Other were as follows: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Unallocated net sales $ 7 $ 23 $ 26 $ 39 Unallocated cost of products sold and expenses (117) (86) (232) (160) Share-based compensation (71) (65) (164) (130) Total $ (181) $ (128) $ (370) $ (251) The following customers accounted for at least 10 percent of Applied’s net sales for the six months ended April 26, 2020, and sales to these customers included products and services from multiple reportable segments. Percentage of Net Sales Taiwan Semiconductor Manufacturing Company Limited 26 % Samsung Electronics Co., Ltd. 17 %

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Apr. 26, 2020
Accounting Policies [Abstract]
Basis of Presentation	In the opinion of management, the unaudited interim consolidated condensed financial statements of Applied Materials, Inc. and its subsidiaries (Applied or the Company) included herein have been prepared on a basis consistent with the October 27, 2019 audited consolidated financial statements and include all material adjustments, consisting of normal recurring adjustments, necessary to fairly present the information set forth therein. These unaudited interim consolidated condensed financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in Applied’s Annual Report on Form 10-K for the fiscal year ended October 27, 2019 (2019 Form 10-K). Applied’s results of operations for the three and six months ended April 26, 2020 are not necessarily indicative of future operating results. Applied’s fiscal year ends on the last Sunday in October of each year. Fiscal 2020 and 2019 contain 52 weeks each, and the first six months of fiscal 2020 and 2019 each contained 26 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 April 26, 2020, 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.
Revenue Recognition	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.
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. Derivatives and Hedging. In August 2017, the FASB issued authoritative guidance that modifies the recognition and presentation of hedge accounting to better align an entity’s risk management strategies and financial reporting for hedging relationships. The authoritative guidance expands the application of hedge accounting for non-financial and financial risk components and eases certain hedge effectiveness assessment requirements. Applied adopted this guidance in the first quarter of fiscal 2020 under the modified retrospective approach. The cumulative effect adjustment for the elimination of the ineffectiveness was not material to Applied’s condensed consolidated financial statements. The presentation and disclosure have been amended on a prospective basis, as required by this update. Receivables: Nonrefundable Fees and Other Costs. In March 2017, the FASB issued authoritative guidance that will shorten the amortization period for certain callable debt securities held at a premium to the earliest call date to more closely align with expectations incorporated in market pricing. Applied adopted this guidance in the first quarter of fiscal 2020 on a modified retrospective basis. The adoption of this guidance did not have a significant impact on Applied’s consolidated 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. This authoritative guidance will be effective for Applied in the first quarter of fiscal 2022, with early adoption permitted. Applied is currently evaluating the effect of this new guidance on Applied’s consolidated financial statements. Retirement Benefits: Changes to the Disclosure Requirements for Defined Benefit and other Postretirement Plans. In August 2018, the FASB issued authoritative guidance that adds, removes, and clarifies disclosure requirements for defined benefit and other postretirement plans. This authoritative guidance will be effective for Applied in fiscal 2021 on a retrospective basis, with early adoption permitted. Applied is currently evaluating the effect of this new guidance on Applied’s consolidated financial statements. Goodwill Impairment. In January 2017, the FASB issued authoritative guidance that simplifies the process required to test goodwill for impairment. The authoritative guidance will be effective for Applied in the first quarter of fiscal 2021. Early adoption is permitted. The adoption of this guidance is not expected to have a significant impact on Applied’s consolidated 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. The authoritative guidance will be effective for Applied in the first quarter of fiscal 2021. Early adoption was permitted beginning in the first quarter of fiscal 2020. Applied is currently evaluating the effect of this new guidance on Applied’s consolidated financial statements.
Investments	Applied regularly reviews its debt investment portfolio to identify and evaluate investments that have indications of possible impairment. Factors considered in determining whether an unrealized loss is considered to be temporary, or other-than-temporary and therefore impaired, include: the length of time and extent to which fair value has been lower than 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.
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.
Performance Based Awards	During the first quarter of fiscal 2020, certain executive officers were granted awards that 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 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 described below. The number of shares that may vest in full after three years ranges from 0% to 200% of the target amount. The awards provide for a partial payout based on actual performance at the conclusion of the three 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.
Fair Value Measurement	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 April 26, 2020, 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. Applied’s interest rate derivatives are measured at fair value using valuation models based on observable market data, including interest rates, credit spreads and credit default swap rates. The changes in fair value of these derivatives are recognized in the consolidated statements of comprehensive income.
Assets and Liabilities without Readily Determinable Values Measured on a Non-recurring Basis	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 periodically assessed for impairment when an event or circumstance indicates that a decline in value may have occurred. Impairment charges on equity investments in privately-held companies during the three and six months ended April 26, 2020 and April 28, 2019 were not material.
Derivatives	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 treatment, as well as the ineffective portion of any hedges, 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.
Goodwill	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. Applied regularly monitors current business conditions and considers other factors including, but not limited to, adverse industry or economic trends, restructuring actions and lower projections of profitability that may impact future operating results. To test 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. If it is concluded that this is the case, Applied then performs the two-step goodwill impairment test. Otherwise, the two-step goodwill impairment test is not required. Under the two-step goodwill impairment test, Applied would in the first step compare the estimated fair value of each reporting unit to its carrying value. Applied determines the fair value of each of its reporting units based on a weighting of income and market approaches. If the carrying value of a reporting unit exceeds its fair value, Applied would then perform the second step of the impairment test in order to determine the implied fair value of the reporting unit’s goodwill. If Applied determines that the carrying value of a reporting unit’s goodwill exceeds its implied fair value, Applied would record an impairment charge equal to the difference.
Goodwill and Intangible Assets	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.
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.Compensation expense is calculated using the fair value of the employees’ purchase rights under the Black-Scholes model.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Apr. 26, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions, except per share amounts) Numerator: Net income $ 755 $ 666 $ 1,647 $ 1,437 Denominator: Weighted average common shares outstanding 917 942 917 950 Effect of weighted dilutive stock options, restricted stock units and employee stock purchase plan shares 6 6 8 7 Denominator for diluted earnings per share 923 948 925 957 Basic earnings per share $ 0.82 $ 0.71 $ 1.80 $ 1.51 Diluted earnings per share $ 0.82 $ 0.70 $ 1.78 $ 1.50 Potentially weighted dilutive securities — 3 — 3

Cash, Cash Equivalents and In_2

Cash, Cash Equivalents and Investments (Tables)	6 Months Ended
Cash, Cash Equivalents and Investments (Tables)	Apr. 26, 2020
Cash and Cash Equivalents [Abstract]
Summary of cash, cash equivalents and investments	The following tables summarize Applied’s cash, cash equivalents and investments: April 26, 2020 Cost Gross Gross Estimated (In millions) Cash $ 1,029 $ — $ — $ 1,029 Cash equivalents: Money market funds 4,231 — — 4,231 Commercial paper, corporate bonds and medium-term notes 21 — — 21 Total Cash equivalents 4,252 — — 4,252 Total Cash and Cash equivalents $ 5,281 $ — $ — $ 5,281 Short-term and long-term investments: U.S. Treasury and agency securities $ 380 $ 6 $ — $ 386 Non-U.S. government securities* 4 — — 4 Municipal securities 397 5 — 402 Commercial paper, corporate bonds and medium-term notes 555 5 3 557 Asset-backed and mortgage-backed securities 594 7 4 597 Total fixed income securities 1,930 23 7 1,946 Publicly traded equity securities 11 31 4 38 Equity investments in privately-held companies 104 18 5 117 Total equity investments 115 49 9 155 Total short-term and long-term investments $ 2,045 $ 72 $ 16 $ 2,101 Total Cash, Cash equivalents and Investments $ 7,326 $ 72 $ 16 $ 7,382 _________________________ * Includes agency debt securities guaranteed by Canada. October 27, 2019 Cost Gross Gross Estimated (In millions) Cash $ 1,071 $ — $ — $ 1,071 Cash equivalents: Money market funds 1,677 — — 1,677 U.S. Treasury and agency securities 4 — — 4 Commercial paper, corporate bonds and medium-term notes 377 — — 377 Total Cash equivalents 2,058 — — 2,058 Total Cash and Cash equivalents $ 3,129 $ — $ — $ 3,129 Short-term and long-term investments: U.S. Treasury and agency securities $ 336 $ 1 $ — $ 337 Non-U.S. government securities* 10 — — 10 Municipal securities 402 4 — 406 Commercial paper, corporate bonds and medium-term notes 642 5 — 647 Asset-backed and mortgage-backed securities 631 4 — 635 Total fixed income securities 2,021 14 — 2,035 Publicly traded equity securities 8 40 3 45 Equity investments in privately-held companies 105 10 3 112 Total equity investments 113 50 6 157 Total short-term and long-term investments $ 2,134 $ 64 $ 6 $ 2,192 Total Cash, Cash equivalents and Investments $ 5,263 $ 64 $ 6 $ 5,321 _________________________ * Includes agency debt securities guaranteed by Canada.
Contractual maturities of investments	The following table summarizes the contractual maturities of Applied’s investments as of April 26, 2020: Cost Estimated (In millions) Due in one year or less $ 378 $ 380 Due after one through five years 958 969 No single maturity date** 709 752 Total $ 2,045 $ 2,101 _________________________
Equity Securities, FV-NI	The components of gain (loss) on equity investments for the three and six months ended April 26, 2020 and April 28, 2019 were as follows: Three Months Ended Six Months Ended April 26, 2020 April 28, 2019 April 26, 2020 April 28, 2019 (In millions) Publicly traded equity securities Unrealized gain $ 3 $ 7 $ 5 $ 13 Unrealized loss (12) (1) (15) (3) Realized gain on sales — 1 — 2 Equity investments in privately-held companies Unrealized gain 9 2 9 9 Unrealized loss (2) (2) (3) (3) Realized gain on sales or other 1 4 1 5 Realized loss on sales or impairment (6) — (8) — Total gain (loss) on equity investments, net $ (7) $ 11 $ (11) $ 23

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Apr. 26, 2020
Fair Value Disclosures [Abstract]
Financial assets measured at fair value on a recurring basis	Financial assets (excluding cash balances) and liabilities measured at fair value on a recurring basis are summarized below: April 26, 2020 October 27, 2019 Level 1 Level 2 Total Level 1 Level 2 Total (In millions) Assets: Available-for-sale debt security investments Money market funds* $ 4,346 $ — $ 4,346 $ 1,677 $ — $ 1,677 U.S. Treasury and agency securities 369 17 386 323 18 341 Non-U.S. government securities — 4 4 — 10 10 Municipal securities — 401 401 — 406 406 Commercial paper, corporate bonds and medium-term notes — 579 579 — 1,024 1,024 Asset-backed and mortgage-backed securities — 597 597 — 635 635 Total available-for-sale debt security investments $ 4,715 $ 1,598 $ 6,313 $ 2,000 $ 2,093 $ 4,093 Equity investments with readily determinable values Publicly traded equity securities $ 38 $ — $ 38 $ 45 $ — $ 45 Total equity investments with readily determinable values $ 38 $ — $ 38 $ 45 $ — $ 45 Total assets $ 4,753 $ 1,598 $ 6,351 $ 2,045 $ 2,093 $ 4,138 Liabilities: Interest rate derivatives $ — $ 180 $ 180 $ — $ — $ — Total liabilities $ — $ 180 $ 180 $ — $ — $ — _________________________

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Apr. 26, 2020
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: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Derivatives in Cash Flow Hedging Relationships: Foreign exchange contracts $ (3) $ 11 $ 4 $ (5) Interest rate contracts (162) — (180) — Total $ (165) $ 11 $ (176) $ (5)
Effect of derivative instruments on the consolidated statement of operations	The effects of derivative instruments and hedging activities on the Consolidated Condensed Statements of Operations were as follows: Three Months Ended April 26, 2020 April 28, 2019 Derivatives in Cash Flow Hedging Relationships Derivatives in Cash Flow Hedging Relationships Total Amount Presented in the Condensed Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amounts of Gain (Loss) Excluded from Effectiveness Testing Total Amount Presented in the Condensed Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amounts of Gain (Loss) Excluded from Effectiveness Testing (In millions) Foreign Exchange Contracts: Net Sales $ 3,957 $ 2 $ 1 $ 3,539 $ — $ — Cost of products sold $ 2,208 (3) (1) $ 2,009 (2) 4 Research, development and engineering $ 550 (1) — $ 508 — — General and administrative $ 137 — — $ 113 2 (2) Interest Rate Contracts: Interest expense $ 61 — — $ 60 (2) — $ (2) $ — $ (2) $ 2 Six Months Ended April 26, 2020 April 28, 2019 Derivatives in Cash Flow Hedging Relationships 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) Amounts of Gain (Loss) Excluded from Effectiveness Testing Total Amount Presented in the Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amounts of Gain (Loss) Excluded from Effectiveness Testing (In millions) Foreign Exchange Contracts: Net Sales $ 8,119 $ 1 $ 3 $ 7,292 $ — $ — Cost of products sold $ 4,512 (1) (1) $ 4,097 10 9 Research, development and engineering $ 1,102 — — $ 1,024 — — Marketing and selling $ 265 — — $ 264 — — General and administrative $ 266 — — $ 223 (3) (3) Interest Rate Contracts: Interest expense $ 120 (1) — $ 120 (2) — $ (1) $ 2 $ 5 $ 6
Derivatives not designated as hedging instruments in statement of operations	Amount of Gain or (Loss) Three Months Ended Six Months Ended Location of Gain or April 26, 2020 April 28, April 26, 2020 April 28, (In millions) Derivatives Not Designated as Hedging Instruments Foreign exchange contracts General and administrative $ — $ 6 $ — $ (4) Foreign exchange contracts Interest and other income, net (8) — (4) — Total return swaps - deferred compensation Cost of products sold (1) — (1) — Total return swaps - deferred compensation Operating expenses (10) — (10) — Total return swaps - deferred compensation Interest and other income, net (1) — (1) — Total $ (20) $ 6 $ (16) $ (4)

Contract Balances (Tables)

Contract Balances (Tables)	6 Months Ended
Contract Balances (Tables)	Apr. 26, 2020
Revenue from Contract with Customer [Abstract]
Schedule of contract balances	Contract balances at the end of each reporting period were as follows: April 26, 2020 October 27, 2019 (In millions) Contract assets $ 152 $ 108 Contract liabilities $ 1,334 $ 1,336

Balance Sheet Detail (Tables)

Balance Sheet Detail (Tables)	6 Months Ended
Balance Sheet Detail (Tables)	Apr. 26, 2020
Balance Sheet Detail [Abstract]
Inventories	April 26, October 27, (In millions) Inventories Customer service spares $ 1,184 $ 1,245 Raw materials 880 802 Work-in-process 686 575 Finished goods 975 852 $ 3,725 $ 3,474
Other current assets	April 26, October 27, (In millions) Other Current Assets Prepaid income taxes and income taxes receivable $ 124 $ 96 Prepaid expenses and other 557 485 $ 681 $ 581
Property, plant and equipment, net	Useful Life April 26, October 27, (In years) (In millions) Property, Plant and Equipment, Net Land and improvements $ 255 $ 254 Buildings and improvements 3-30 1,640 1,590 Demonstration and manufacturing equipment 3-5 1,571 1,505 Furniture, fixtures and other equipment 3-5 615 602 Construction in progress 130 120 Gross property, plant and equipment 4,211 4,071 Accumulated depreciation (2,677) (2,542) $ 1,534 $ 1,529
Deferred Income Taxes and Other Assets	April 26, October 27, (In millions) Deferred Income Taxes and Other Assets Non-current deferred income taxes and income taxes receivable $ 1,794 $ 1,766 Operating lease right-of-use assets 242 — Other assets 274 265 $ 2,310 $ 2,031
Accounts Payable and Accrued Expenses	April 26, October 27, (In millions) Accounts Payable and Accrued Expenses Accounts payable $ 1,062 $ 958 Compensation and employee benefits 513 559 Warranty 199 196 Dividends payable 202 192 Income taxes payable 159 160 Other accrued taxes 23 55 Interest payable 40 38 Operating lease liabilities, current 59 — Other 574 353 $ 2,831 $ 2,511
Other liabilities	April 26, October 27, (In millions) Other Liabilities Defined and postretirement benefit plans $ 211 $ 212 Operating lease liabilities, non-current 185 — Other 177 163 $ 573 $ 375

Goodwill, Purchased Technolog_2

Goodwill, Purchased Technology and Other Intangible Assets (Tables)	6 Months Ended
	Apr. 26, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Details of goodwill as of April 26, 2020 and October 27, 2019 were as follows: April 26, October 27, (In millions) Semiconductor Systems $ 2,182 $ 2,182 Applied Global Services 1,018 1,018 Display and Adjacent Markets 199 199 Corporate and Other 27 — Carrying amount $ 3,426 $ 3,399
Summary of purchased technology and intangible assets	A summary of Applied’s purchased technology and intangible assets is set forth below: April 26, October 27, (In millions) Purchased technology, net $ 55 $ 71 Intangible assets - finite-lived, net 77 85 Total $ 132 $ 156
Finite-lived intangible assets	Details of finite-lived intangible assets were as follows: April 26, 2020 October 27, 2019 Purchased Other Total Purchased Other Total (In millions) Gross carrying amount: Semiconductor Systems $ 1,449 $ 252 $ 1,701 $ 1,449 $ 252 $ 1,701 Applied Global Services 35 44 79 33 44 77 Display and Adjacent Markets 163 38 201 163 38 201 Corporate and Other — 9 9 — 9 9 Gross carrying amount $ 1,647 $ 343 $ 1,990 $ 1,645 $ 343 $ 1,988 Accumulated amortization: Semiconductor Systems $ (1,411) $ (176) $ (1,587) $ (1,400) $ (168) $ (1,568) Applied Global Services (30) (44) (74) (30) (44) (74) Display and Adjacent Markets (151) (37) (188) (144) (37) (181) Corporate and Other — (9) (9) — (9) (9) Accumulated amortization $ (1,592) $ (266) $ (1,858) $ (1,574) $ (258) $ (1,832) Carrying amount $ 55 $ 77 $ 132 $ 71 $ 85 $ 156
Summary of amortization expense	Details of amortization expense by segment were as follows: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Semiconductor Systems $ 9 $ 10 $ 19 $ 21 Applied Global Services — 1 — 1 Display and Adjacent Markets 3 3 7 6 Total $ 12 $ 14 $ 26 $ 28
Schedule of categories amortization expense was charged to	Amortization expense was charged to the following categories: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Cost of products sold $ 8 $ 10 $ 17 $ 19 Marketing and selling 4 4 9 9 Total $ 12 $ 14 $ 26 $ 28
Future estimated amortization expense	As of April 26, 2020, future estimated amortization expense is expected to be as follows: Amortization (In millions) 2020 (remaining 6 months) $ 25 2021 40 2022 24 2023 12 2024 11 Thereafter 20 Total $ 132

Borrowing Facilities and Debt (

Borrowing Facilities and Debt (Tables)	6 Months Ended
Borrowing Facilities and Debt (Tables)	Apr. 26, 2020
Debt Disclosure [Abstract]
Debt Outstanding	Debt outstanding as of April 26, 2020 and October 27, 2019 was as follows: Principal Amount April 26, October 27, Effective Interest (In millions) Current portion of long-term debt: 2.625% Senior Notes Due 2020 $ 600 $ 600 2.640% April 1, October 1 Total current portion of long-term debt 600 600 Long-term debt, net of current portion: 4.300% Senior Notes Due 2021 750 750 4.326% June 15, December 15 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 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 4,750 4,750 Total unamortized discount (9) (10) Total unamortized debt issuance costs (26) (27) Total long-term senior notes $ 4,715 $ 4,713 Revolving Credit Agreement 1,500 — Total long-term debt, net of current portion $ 6,215 $ 4,713 Total debt $ 6,815 $ 5,313

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Apr. 26, 2020
Leases [Abstract]
Lease, Cost	The components of lease expense and supplemental information were as follows: Three Months Ended Six Months Ended April 26, 2020 April 26, 2020 (In millions, except percentages) Operating lease cost $21 $34 Weighted-average remaining lease term (in years) 5.4 Weighted-average discount rate 2.0% Six Months Ended April 26, 2020 (In millions) Operating cash flows paid for operating leases $ 34 Right-of-use assets obtained in exchange for operating lease liabilities $ 113
Operating Lease, Liability, Maturity	As of April 26, 2020, the maturities of lease liabilities are as follows: Operating Leases Fiscal (In millions) 2020 (remaining 6 months) $ 32 2021 57 2022 45 2023 40 2024 36 Thereafter 48 Total lease payments $ 258 Less imputed interest (14) Total $ 244 Prior to the adoption of the new lease standard, future minimum lease payments as of October 27, 2019 , as defined under the previous lease accounting guidance, were as follows: Lease Payments Fiscal (In millions) 2020 $ 45 2021 34 2022 24 2023 21 2024 17 Thereafter 30 $ 171

Stockholders' Equity, Compreh_2

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)	6 Months Ended
	Apr. 26, 2020
Equity [Abstract]
Components of accumulated other comprehensive loss, after-tax basis	Changes in the components of 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 as of October 27, 2019 $ 11 $ (16) $ (188) $ 13 $ (180) Other comprehensive income (loss) before reclassifications 5 (137) — — (132) Amounts reclassified out of AOCI (4) 1 — — (3) Other comprehensive income (loss), net of tax 1 (136) — — (135) Balance as of April 26, 2020 $ 12 $ (152) $ (188) $ 13 $ (315) 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 as of October 28, 2018 $ 7 $ (9) $ (137) $ 14 $ (125) Adoption of new accounting standards (a) (17) — — — (17) Other comprehensive income (loss) before reclassifications 13 (4) — (1) 8 Amounts reclassified out of AOCI — (4) — — (4) Other comprehensive income (loss), net of tax 13 (8) — (1) 4 Balance as of April 28, 2019 $ 3 $ (17) $ (137) $ 13 $ (138) (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 in the first quarter of fiscal 2019.
Summary of stock repurchases	The following table summarizes Applied’s stock repurchases for the six months ended April 26, 2020 and April 28, 2019: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (in millions, except per share amount) Shares of common stock repurchased 4 16 7 38 Cost of stock repurchased $ 199 $ 625 $ 399 $ 1,375 Average price paid per share $ 50.14 $ 39.91 $ 54.06 $ 36.48
Effect of share-based compensation on the results of operations	The effect of share-based compensation on the results of operations was as follows: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Cost of products sold $ 24 $ 22 $ 55 $ 44 Research, development and engineering 27 25 62 49 Marketing and selling 8 7 19 15 General and administrative 12 11 28 22 Total share-based compensation $ 71 $ 65 $ 164 $ 130
Restricted stock units and restricted stock activity	A summary of the changes in any restricted stock units, restricted stock, performance shares and performance units outstanding under Applied’s equity compensation plans during the six months ended April 26, 2020 is presented below: Shares Weighted (In millions, except per share amounts) Outstanding as of October 27, 2019 18 $ 35.78 Granted 5 $ 53.30 Vested (8) $ 30.79 Canceled — $ 41.31 Outstanding as of April 26, 2020 15 $ 44.53
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions	Underlying assumptions used in the model are outlined in the following table: Three and Six Months Ended April 26, 2020 April 28, 2019 Dividend yield 1.40% 2.18% Expected volatility 37.2% 37.1% Risk-free interest rate 1.05% 2.51% Expected life (in years) 0.5 0.5 Weighted average estimated fair value $15.24 $9.78

Warranty, Guarantees And Cont_2

Warranty, Guarantees And Contingencies (Tables)	6 Months Ended
Warranty, Guarantees And Contingencies (Tables)	Apr. 26, 2020
Commitments and Contingencies Disclosure [Abstract]
Changes in the warranty reserves	Changes in the warranty reserves are presented below: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Beginning balance $ 196 $ 200 $ 196 $ 208 Warranties issued 36 34 76 73 Change in reserves related to preexisting warranty 5 5 2 6 Consumption of reserves (38) (44) (75) (92) Ending balance $ 199 $ 195 $ 199 $ 195

Industry Segment Operations (Ta

Industry Segment Operations (Tables)	6 Months Ended
Industry Segment Operations (Tables)	Apr. 26, 2020
Segment Reporting [Abstract]
Net sales and operating income (loss) for each reportable segment	Net sales and operating income (loss) for each reportable segment were as follows: Three Months Ended Six Months Ended Net Sales Operating Net Sales Operating (In millions) April 26, 2020: Semiconductor Systems $ 2,567 $ 782 $ 5,381 $ 1,697 Applied Global Services 1,018 256 2,015 534 Display and Adjacent Markets 365 75 697 113 Corporate and Other 7 (181) 26 (370) Total $ 3,957 $ 932 $ 8,119 $ 1,974 April 28, 2019: Semiconductor Systems $ 2,184 $ 579 $ 4,452 $ 1,210 Applied Global Services 984 283 1,946 568 Display and Adjacent Markets 348 42 855 157 Corporate and Other 23 (128) 39 (251) Total $ 3,539 $ 776 $ 7,292 $ 1,684
Revenue from external customers by geographic areas	Net sales by geographic region, determined by the location of customers’ facilities to which products were shipped to, were as follows: Three Months Ended Six Months Ended April 26, April 28, Change April 26, April 28, Change (In millions, except percentages) China $ 1,138 29 % $ 993 28 % 15 % $ 2,410 30 % $ 1,961 27 % 23 % Korea 753 19 % 441 13 % 71 % 1,261 16 % 1,013 14 % 24 % Taiwan 1,029 26 % 794 22 % 30 % 2,394 29 % 1,450 20 % 65 % Japan 467 12 % 520 15 % (10) % 818 10 % 1,171 16 % (30) % Southeast Asia 58 1 % 119 3 % (51) % 130 1 % 279 4 % (53) % Asia Pacific 3,445 87 % 2,867 81 % 20 % 7,013 86 % 5,874 81 % 19 % United States 331 8 % 457 13 % (28) % 772 10 % 907 12 % (15) % Europe 181 5 % 215 6 % (16) % 334 4 % 511 7 % (35) % Total $ 3,957 100 % $ 3,539 100 % 12 % $ 8,119 100 % $ 7,292 100 % 11 %
Disaggregation of Revenue	Net sales for Semiconductor Systems by end use application for the periods indicated were as follows: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, Foundry, logic and other 56 % 58 % 62 % 51 % Dynamic random-access memory (DRAM) 22 % 18 % 18 % 19 % Flash memory 22 % 24 % 20 % 30 % 100 % 100 % 100 % 100 %
Reconciliations of total segment operating income to Applied's consolidated operating income (loss)	The reconciling items included in Corporate and Other were as follows: Three Months Ended Six Months Ended April 26, April 28, April 26, April 28, (In millions) Unallocated net sales $ 7 $ 23 $ 26 $ 39 Unallocated cost of products sold and expenses (117) (86) (232) (160) Share-based compensation (71) (65) (164) (130) Total $ (181) $ (128) $ (370) $ (251)
Companies accounted for at least 10 percent of Applied's net sales	The following customers accounted for at least 10 percent of Applied’s net sales for the six months ended April 26, 2020, and sales to these customers included products and services from multiple reportable segments. Percentage of Net Sales Taiwan Semiconductor Manufacturing Company Limited 26 % Samsung Electronics Co., Ltd. 17 %

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 28, 2019	Oct. 27, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use asset	$ 242		$ 0
Lease liability	$ 244
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use asset		$ 160
Deferred rent		4
Lease liability		$ 164

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Numerator:
Net income	$ 755	$ 666	$ 1,647	$ 1,437
Denominator:
Weighted average common shares outstanding (in shares)	917	942	917	950
Effect of dilutive stock options, restricted stock units and employee stock purchase plan shares (in shares)	6	6	8	7
Denominator for diluted earnings per share (in shares)	923	948	925	957
Basic earnings per share (in dollars per share)	$ 0.82	$ 0.71	$ 1.80	$ 1.51
Diluted earnings per share (in dollars per share)	$ 0.82	$ 0.70	$ 1.78	$ 1.50
Potentially dilutive securities (in shares)	0	3	0	3

Cash, Cash Equivalents and In_3

Cash, Cash Equivalents and Investments - Summary of Cash, Cash Equivalents and Investments (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019	Apr. 28, 2019
Summary of Cash, Cash Equivalents and Investments
Cash	$ 1,029	$ 1,071
Total Cash equivalents	4,252	2,058
Total Cash and Cash equivalents	5,281	3,129	$ 3,116
Equity investments cost	115	113
Equity investments unrealized gain	49	50
Equity investments unrealized loss	9	6
Equity investments estimated fair value	155	157
Total short-term and long-term investments cost	2,045	2,134
Gross unrealized gains on short-term and long-term investments	72	64
Gross unrealized losses on short-term and long-term investments	16	6
Estimated fair value of short-term and long-term investments	2,101	2,192
Cash, cash equivalents and investments, cost	7,326	5,263
Cash, cash equivalents and investments, gross unrealized gains	72	64
Cash, cash equivalents and investments, gross unrealized losses	16	6
Cash, cash equivalents and investments, estimated fair value	7,382	5,321
Total fixed income securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	1,930	2,021
Gross unrealized gains on fixed income securities	23	14
Gross unrealized losses on fixed income securities	7	0
Estimated fair value of fixed income securities	1,946	2,035
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	380	336
Gross unrealized gains on fixed income securities	6	1
Gross unrealized losses on fixed income securities	0	0
Estimated fair value of fixed income securities	386	337
Municipal securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	397	402
Gross unrealized gains on fixed income securities	5	4
Gross unrealized losses on fixed income securities	0	0
Estimated fair value of fixed income securities	402	406
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	555	642
Gross unrealized gains on fixed income securities	5	5
Gross unrealized losses on fixed income securities	3	0
Estimated fair value of fixed income securities	557	647
Asset-backed and mortgage-backed securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	594	631
Gross unrealized gains on fixed income securities	7	4
Gross unrealized losses on fixed income securities	4	0
Estimated fair value of fixed income securities	597	635
Publicly traded equity securities
Summary of Cash, Cash Equivalents and Investments
Equity investments cost	11	8
Equity investments unrealized gain	31	40
Equity investments unrealized loss	4	3
Equity investments estimated fair value	38	45
Equity investments in privately-held companies
Summary of Cash, Cash Equivalents and Investments
Equity investments cost	104	105
Equity investments unrealized gain	18	10
Equity investments unrealized loss	5	3
Equity investments estimated fair value	117	112
Money market funds
Summary of Cash, Cash Equivalents and Investments
Total Cash equivalents	4,231	1,677
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Total Cash equivalents		4
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Total Cash equivalents	21	377
CANADA \| Non-U.S. government securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	4	10
Gross unrealized gains on fixed income securities	0	0
Gross unrealized losses on fixed income securities	0	0
Estimated fair value of fixed income securities	$ 4	$ 10

Cash, Cash Equivalents and In_4

Cash, Cash Equivalents and Investments - Summary of Contractual Maturity (Details) $ in Millions	Apr. 26, 2020USD ($)
Contractual maturities of investments
Due in one year or less, Cost	$ 378
Due after one through five years, Cost	958
No single maturity date, Cost	709
Cost of short-term and long-term investments	2,045
Due in one year or less, Estimated Fair Value	380
Due after one through five years, Estimated Fair Value	969
No single maturity date, Estimated Fair Value	752
Estimated fair value of short-term and long-term investments	$ 2,101

Cash, Cash Equivalents and In_5

Cash, Cash Equivalents and Investments - Gain (Loss) on Equity Investments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Gain (Loss) on Securities [Line Items]
Total gain (loss) on equity investments, net	$ (7)	$ 11	$ (11)	$ 23
Publicly traded equity securities
Gain (Loss) on Securities [Line Items]
Unrealized gain	3	7	5	13
Unrealized loss	(12)	(1)	(15)	(3)
Realized gain on sales	0	1	0	2
Equity investments in privately-held companies
Gain (Loss) on Securities [Line Items]
Unrealized gain	9	2	9	9
Unrealized loss	(2)	(2)	(3)	(3)
Realized gain on sales	1	4	1	5
Realized loss on sales or impairment	$ (6)	$ 0	$ (8)	$ 0

Cash, Cash Equivalents and In_6

Cash, Cash Equivalents and Investments - Narrative (Details) - USD ($) $ in Millions	Apr. 26, 2020	Apr. 28, 2019
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash equivalents included in deferred income taxes and other assets	$ 115	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - Senior Notes - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Long-term debt, principal amount	$ 4,750	$ 4,750
Estimated fair value \| Level 2
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Long-term debt fair value	$ 5,800	$ 5,500

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured at Fair Value (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019	Apr. 28, 2019
Equity investments with readily determinable values
Equity investments with readily determinable values	$ 155	$ 157
Liabilities, Fair Value Disclosure [Abstract]
Restricted cash equivalents included in deferred income taxes and other assets	115		$ 0
Money market funds* \| Deferred Income Taxes and Other Assets, Net
Liabilities, Fair Value Disclosure [Abstract]
Restricted cash equivalents included in deferred income taxes and other assets	115
U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	386	337
Municipal securities
Assets:
Available-for-sale debt security investments	402	406
Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	557	647
Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	597	635
Publicly traded equity securities
Equity investments with readily determinable values
Equity investments with readily determinable values	38	45
Recurring fair value measurements
Assets:
Available-for-sale debt security investments	6,313	4,093
Equity investments with readily determinable values
Equity investments with readily determinable values	38	45
Total assets	6,351	4,138
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	180	0
Recurring fair value measurements \| Money market funds*
Assets:
Available-for-sale debt security investments	4,346	1,677
Recurring fair value measurements \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	386	341
Recurring fair value measurements \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	4	10
Recurring fair value measurements \| Municipal securities
Assets:
Available-for-sale debt security investments	401	406
Recurring fair value measurements \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	579	1,024
Recurring fair value measurements \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	597	635
Recurring fair value measurements \| Publicly traded equity securities
Equity investments with readily determinable values
Equity investments with readily determinable values	38	45
Recurring fair value measurements \| Interest rate contracts
Liabilities, Fair Value Disclosure [Abstract]
Derivative liability, fair value disclosure	180	0
Recurring fair value measurements \| Level 1
Assets:
Available-for-sale debt security investments	4,715	2,000
Equity investments with readily determinable values
Equity investments with readily determinable values	38	45
Total assets	4,753	2,045
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	0	0
Recurring fair value measurements \| Level 1 \| Money market funds*
Assets:
Available-for-sale debt security investments	4,346	1,677
Recurring fair value measurements \| Level 1 \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	369	323
Recurring fair value measurements \| Level 1 \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	0	0
Recurring fair value measurements \| Level 1 \| Municipal securities
Assets:
Available-for-sale debt security investments	0	0
Recurring fair value measurements \| Level 1 \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	0	0
Recurring fair value measurements \| Level 1 \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	0	0
Recurring fair value measurements \| Level 1 \| Publicly traded equity securities
Equity investments with readily determinable values
Equity investments with readily determinable values	38	45
Recurring fair value measurements \| Level 1 \| Interest rate contracts
Liabilities, Fair Value Disclosure [Abstract]
Derivative liability, fair value disclosure	0	0
Recurring fair value measurements \| Level 2
Assets:
Available-for-sale debt security investments	1,598	2,093
Equity investments with readily determinable values
Equity investments with readily determinable values	0	0
Total assets	1,598	2,093
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities	180	0
Recurring fair value measurements \| Level 2 \| Money market funds*
Assets:
Available-for-sale debt security investments	0	0
Recurring fair value measurements \| Level 2 \| U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	17	18
Recurring fair value measurements \| Level 2 \| Non-U.S. government securities
Assets:
Available-for-sale debt security investments	4	10
Recurring fair value measurements \| Level 2 \| Municipal securities
Assets:
Available-for-sale debt security investments	401	406
Recurring fair value measurements \| Level 2 \| Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	579	1,024
Recurring fair value measurements \| Level 2 \| Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	597	635
Recurring fair value measurements \| Level 2 \| Publicly traded equity securities
Equity investments with readily determinable values
Equity investments with readily determinable values	0	0
Recurring fair value measurements \| Level 2 \| Interest rate contracts
Liabilities, Fair Value Disclosure [Abstract]
Derivative liability, fair value disclosure	$ 180	$ 0

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Additional Information (Details)	6 Months Ended
	Apr. 26, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Time period for hedging of foreign currency transaction	24 months
Time period over which majority of after tax gain loss related to derivatives to be reclassified into earnings	12 months

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Gain (Loss) on Derivatives in AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI		$ 60		$ 223
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI	$ (165)	11	$ (176)	(5)
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI				7,292
Foreign exchange contracts \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI	(3)	11	4	(5)
Interest rate contracts \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI	$ (162)	$ 0	$ (180)	$ 0

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Derivatives in Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Net Sales	$ 3,957	$ 3,539	$ 8,119	$ 7,292
Cost of products sold	2,208	2,009	4,512	4,097
Research, development and engineering	550	508	1,102	1,024
General and administrative	137	113	266	223
Marketing and selling	130	133	265	264
Interest expense	61	60	120	120
Effective portion - gain (loss) recognized in AOCI		60		223
Amount of Gain or (Loss) Reclassified from AOCI into Income	(2)		(1)
Amount of Gain or (Loss) Reclassified from AOCI into Income		(2)		5
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income	0		2
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income		2		6
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI				7,292
Foreign exchange contracts \| Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Income	2		1
Amount of Gain or (Loss) Reclassified from AOCI into Income		0		0
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income	1		3
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income		0		0
Foreign exchange contracts \| Cost of products sold
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI				4,097
Amount of Gain or (Loss) Reclassified from AOCI into Income	(3)		(1)
Amount of Gain or (Loss) Reclassified from AOCI into Income		(2)		10
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income	(1)		(1)
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income		4		9
Foreign exchange contracts \| Research, development and engineering
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Income	(1)		0
Amount of Gain or (Loss) Reclassified from AOCI into Income		0		0
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income	0		0
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income		0		0
Foreign exchange contracts \| General and administrative
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI				1,024
Amount of Gain or (Loss) Reclassified from AOCI into Income	0		0
Amount of Gain or (Loss) Reclassified from AOCI into Income		2		(3)
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income	0		0
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income		(2)		(3)
Foreign exchange contracts \| Marketing and selling
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Income			0
Amount of Gain or (Loss) Reclassified from AOCI into Income				0
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income			0
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income				0
Interest rate contracts \| Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI				120
Amount of Gain or (Loss) Reclassified from AOCI into Income	0		(1)
Amount of Gain or (Loss) Reclassified from AOCI into Income		(2)		(2)
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income	$ 0		$ 0
Amounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income		$ 0		$ 0

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Gain/Loss Recognized in Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	$ (20)	$ 6	$ (16)	$ (4)
Foreign exchange contracts \| General and administrative
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	0	6	0	(4)
Foreign exchange contracts \| Interest and other income, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	(8)	0	(4)	0
Total return swaps - deferred compensation \| Interest and other income, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	(1)	0	(1)	0
Total return swaps - deferred compensation \| Cost of products sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	(1)		(1)
Total return swaps - deferred compensation \| Operating expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	$ (10)	$ 0	$ (10)	$ 0

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($)	3 Months Ended		6 Months Ended
Accounts Receivable, Net (Details) - USD ($)	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019	Oct. 27, 2019
Receivables [Abstract]
Factored accounts receivable	$ 158,000,000	$ 677,000,000	$ 364,000,000	$ 1,100,000,000
Discounted letters of credit	0	0	0	0
Discounted promissory notes	0	$ 0	0	$ 0
Allowance for doubtful accounts	$ 30,000,000		$ 30,000,000		$ 30,000,000

Contract Balances - Schedule of

Contract Balances - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Revenue from Contract with Customer [Abstract]
Contract assets	$ 152	$ 108
Contract liabilities	$ 1,334	$ 1,336

Contract Balances - Narrative (

Contract Balances - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
Contract Balances - Narrative (Details) - USD ($)	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Revenue from Contract with Customer [Abstract]
Revenue recognized			$ 894,000,000
Impairment loss on accounts receivable			0	$ 0
Impairment loss on contract assets	$ 0	$ 0
Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 683,000,000		$ 683,000,000

Contract Balances - Expecting T

Contract Balances - Expecting Timing of Satisfaction (Details)	Apr. 26, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-27
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	12 months
Long-term Contract with Customer \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-27
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percent of revenue expected to be recognized within twelve months	56.00%
Expected timing of satisfaction	24 months

Balance Sheet Detail - Inventor

Balance Sheet Detail - Inventories (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Inventories
Customer service spares	$ 1,184	$ 1,245
Raw materials	880	802
Work-in-process	686	575
Finished goods	975	852
Inventories	3,725	3,474
Inventory at customer locations included in finished goods	7	13
Inventory, finished goods, evaluation inventory, net of reserves	$ 375	$ 318

Balance Sheet Detail - Other Cu

Balance Sheet Detail - Other Current Assets (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Other Current Assets [Abstract]
Prepaid income taxes and income taxes receivable	$ 124	$ 96
Prepaid expenses and other	557	485
Other Current Assets	$ 681	$ 581

Balance Sheet Detail - Property

Balance Sheet Detail - Property, Plant and Equipment (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 26, 2020	Oct. 27, 2019
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 4,211	$ 4,071
Accumulated depreciation	(2,677)	(2,542)
Property, Plant and Equipment, Net	1,534	1,529
Land and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	255	254
Buildings and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 1,640	1,590
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
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 1,571	1,505
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
Furniture, fixtures and other equipment
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 615	602
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
Construction in progress
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 130	$ 120

Balance Sheet Detail - Deferred

Balance Sheet Detail - Deferred Income Taxes and Other Assets (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Balance Sheet Detail [Abstract]
Non-current deferred income taxes and income taxes receivable	$ 1,794	$ 1,766
Operating lease right-of-use assets	242	0
Other assets	274	265
Deferred Income Taxes and Other Assets	$ 2,310	$ 2,031

Balance Sheet Detail - Accounts

Balance Sheet Detail - Accounts Payable and Accrued Expense (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Accounts Payable and Accrued Expenses
Accounts payable	$ 1,062	$ 958
Compensation and employee benefits	513	559
Warranty	199	196
Dividends payable	202	192
Income taxes payable	159	160
Other accrued taxes	23	55
Interest payable	40	38
Operating lease liabilities, current	59	0
Other	574	353
Accounts Payable and Accrued Expenses	$ 2,831	$ 2,511

Balance Sheet Detail - Other Li

Balance Sheet Detail - Other Liabilities (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Other Liabilities
Defined and postretirement benefit plans	$ 211	$ 212
Operating lease liabilities, non-current	185	0
Other	177	163
Other Liabilities, Noncurrent, Total	$ 573	$ 375

Business Combination (Details)

Business Combination (Details) $ in Billions	Jun. 30, 2019USD ($)
Kokusai Electric
Business Acquisition [Line Items]
Purchase price	$ 2.2

Goodwill, Purchased Technolog_3

Goodwill, Purchased Technology and Other Intangible Assets - Schedule of Goodwill and Other Indefinite-lived Intangible Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 26, 2020	Oct. 27, 2019
Goodwill [Line Items]
Goodwill	$ 3,426	$ 3,399
Goodwill, acquired during period	27
Corporate and Other
Goodwill [Line Items]
Goodwill	27	0
Semiconductor Systems
Goodwill [Line Items]
Goodwill	2,182	2,182
Applied Global Services
Goodwill [Line Items]
Goodwill	1,018	1,018
Display and Adjacent Markets
Goodwill [Line Items]
Goodwill	$ 199	$ 199

Goodwill, Purchased Technolog_4

Goodwill, Purchased Technology and Other Intangible Assets - Schedule of Purchased Technology and Intangible Assets (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Summary of Purchased Technology and Intangible Assets [Line Items]
Finite lived assets	$ 132	$ 156
Purchased technology, net
Summary of Purchased Technology and Intangible Assets [Line Items]
Finite lived assets	55	71
Other Intangible Assets
Summary of Purchased Technology and Intangible Assets [Line Items]
Finite lived assets	$ 77	$ 85

Goodwill, Purchased Technolog_5

Goodwill, Purchased Technology and Other Intangible Assets - Additional Information (Details)	6 Months Ended
	Apr. 26, 2020
Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	15 years

Goodwill, Purchased Technolog_6

Goodwill, Purchased Technology and Other Intangible Assets - Schedule of Finite-lived Intangible Assets (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Finite-lived intangible assets
Gross carrying amount:	$ 1,990	$ 1,988
Accumulated amortization:	(1,858)	(1,832)
Total	132	156
Corporate and Other
Finite-lived intangible assets
Gross carrying amount:	9	9
Accumulated amortization:	(9)	(9)
Semiconductor Systems \| Operating Segments
Finite-lived intangible assets
Gross carrying amount:	1,701	1,701
Accumulated amortization:	(1,587)	(1,568)
Applied Global Services \| Operating Segments
Finite-lived intangible assets
Gross carrying amount:	79	77
Accumulated amortization:	(74)	(74)
Display and Adjacent Markets \| Operating Segments
Finite-lived intangible assets
Gross carrying amount:	201	201
Accumulated amortization:	(188)	(181)
Purchased technology, net
Finite-lived intangible assets
Gross carrying amount:	1,647	1,645
Accumulated amortization:	(1,592)	(1,574)
Total	55	71
Purchased technology, net \| Corporate and Other
Finite-lived intangible assets
Gross carrying amount:	0	0
Accumulated amortization:	0	0
Purchased technology, net \| Semiconductor Systems \| Operating Segments
Finite-lived intangible assets
Gross carrying amount:	1,449	1,449
Accumulated amortization:	(1,411)	(1,400)
Purchased technology, net \| Applied Global Services \| Operating Segments
Finite-lived intangible assets
Gross carrying amount:	35	33
Accumulated amortization:	(30)	(30)
Purchased technology, net \| Display and Adjacent Markets \| Operating Segments
Finite-lived intangible assets
Gross carrying amount:	163	163
Accumulated amortization:	(151)	(144)
Other Intangible Assets
Finite-lived intangible assets
Gross carrying amount:	343	343
Accumulated amortization:	(266)	(258)
Total	77	85
Other Intangible Assets \| Corporate and Other
Finite-lived intangible assets
Gross carrying amount:	9	9
Accumulated amortization:	(9)	(9)
Other Intangible Assets \| Semiconductor Systems \| Operating Segments
Finite-lived intangible assets
Gross carrying amount:	252	252
Accumulated amortization:	(176)	(168)
Other Intangible Assets \| Applied Global Services \| Operating Segments
Finite-lived intangible assets
Gross carrying amount:	44	44
Accumulated amortization:	(44)	(44)
Other Intangible Assets \| Display and Adjacent Markets \| Operating Segments
Finite-lived intangible assets
Gross carrying amount:	38	38
Accumulated amortization:	$ (37)	$ (37)

Goodwill, Purchased Technolog_7

Goodwill, Purchased Technology and Other Intangible Assets - Amortization Expense by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 12	$ 14	$ 26	$ 28
Semiconductor Systems \| Operating Segments
Finite-Lived Intangible Assets [Line Items]
Amortization expense	9	10	19	21
Applied Global Services \| Operating Segments
Finite-Lived Intangible Assets [Line Items]
Amortization expense	0	1	0	1
Display and Adjacent Markets \| Operating Segments
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 3	$ 3	$ 7	$ 6

Goodwill, Purchased Technolog_8

Goodwill, Purchased Technology and Other Intangible Assets - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 12	$ 14	$ 26	$ 28
Cost of products sold
Finite-Lived Intangible Assets [Line Items]
Amortization expense	8	10	17	19
Marketing and selling
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 4	$ 4	$ 9	$ 9

Goodwill, Purchased Technolog_9

Goodwill, Purchased Technology and Other Intangible Assets - Estimated Amortization Expense (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Future estimated amortization expense
2020 (remaining 6 months)	$ 25
2021	40
2022	24
2023	12
2024	11
Thereafter	20
Total	$ 132	$ 156

Borrowing Facilities and Debt -

Borrowing Facilities and Debt - Additional Information (Details)	May 13, 2020USD ($)	Mar. 31, 2020USD ($)	Feb. 29, 2020USD ($)	Aug. 31, 2019USD ($)extensioninterest_rate	Apr. 26, 2020USD ($)	Jan. 26, 2020USD ($)	Oct. 27, 2019USD ($)	Oct. 30, 2011USD ($)
Debt Instrument [Line Items]
Commercial paper								$ 1,500,000,000
Revolving Credit
Debt Instrument [Line Items]
Outstanding credit facilities					$ 1,500,000,000		$ 0
Foreign Line of Credit
Debt Instrument [Line Items]
Available credit agreement					74,000,000
Outstanding credit facilities					0		0
Unsecured Debt \| Revolving Credit
Debt Instrument [Line Items]
Debt instrument, term			5 years
Available credit agreement			$ 1,500,000,000			$ 1,500,000,000
Accordion feature, increase limit			500,000,000
Accordion feature, higher borrowing capacity option			$ 2,000,000,000
Proceeds from long-term lines of credit		$ 1,500,000,000
Outstanding credit facilities					$ 1,500,000,000		0
Unsecured Debt \| Revolving Credit \| Subsequent Event
Debt Instrument [Line Items]
Repayments of debt	$ 1,500,000,000
Unsecured Debt \| Revolving Credit \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					0.875%
Unsecured Term Loan \| Line of Credit
Debt Instrument [Line Items]
Available credit agreement				$ 2,000,000,000
Outstanding credit facilities					$ 0		0
Term extension period				3 months
Number of term extensions \| extension				2
Number of interest rates \| interest_rate				2
Commercial paper
Debt Instrument [Line Items]
Short-term debt					$ 0		$ 0

Borrowing Facilities and Debt_2

Borrowing Facilities and Debt - Debt Outstanding (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Debt Instrument [Line Items]
Current portion of long-term debt	$ 600	$ 600
Total long-term senior notes	6,215	4,713
Total debt	6,815	5,313
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Outstanding credit facilities	1,500	0
Senior Notes
Debt Instrument [Line Items]
Long-term debt, principal amount	4,750	4,750
Total unamortized discount	(9)	(10)
Total unamortized debt issuance costs	(26)	(27)
Total long-term senior notes	$ 4,715	4,713
Senior Notes \| 2.625% Senior Notes Due 2020
Debt Instrument [Line Items]
Stated interest rate (as percent)	2.625%
Current portion of long-term debt	$ 600	600
Effective Interest Rate	2.64%
Senior Notes \| 4.300% Senior Notes Due 2021
Debt Instrument [Line Items]
Stated interest rate (as percent)	4.30%
Long-term debt, principal amount	$ 750	750
Effective Interest Rate	4.326%
Senior Notes \| 3.900% Senior Notes Due 2025
Debt Instrument [Line Items]
Stated interest rate (as percent)	3.90%
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 (as percent)	3.30%
Long-term debt, principal amount	$ 1,200	1,200
Effective Interest Rate	3.342%
Senior Notes \| 5.100% Senior Notes Due 2035
Debt Instrument [Line Items]
Stated interest rate (as percent)	5.10%
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 (as percent)	5.85%
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 (as percent)	4.35%
Long-term debt, principal amount	$ 1,000	$ 1,000
Effective Interest Rate	4.361%

Leases - Lease Expense and Supp

Leases - Lease Expense and Supplemental Information (Details) $ in Millions	3 Months Ended	6 Months Ended
	Apr. 26, 2020USD ($)	Apr. 26, 2020USD ($)
Leases [Abstract]
Operating lease cost	$ 21	$ 34
Weighted-average remaining lease term (in years)	5 years 4 months 24 days	5 years 4 months 24 days
Weighted-average discount rate	2.00%	2.00%
Operating cash flows paid for operating leases		$ 34
Right-of-use assets obtained in exchange for operating lease liabilities		$ 113

Leases - Lease Maturities (Deta

Leases - Lease Maturities (Details) - USD ($) $ in Millions	Apr. 26, 2020	Oct. 27, 2019
Operating Leases - Maturity After Adoption
2020 (remaining 6 months)	$ 32
2021	57
2022	45
2023	40
2024	36
Thereafter	48
Total lease payments	258
Less imputed interest	(14)
Total	$ 244
Operating Leases - Maturity Before Adoption
2020		$ 45
2021		34
2022		24
2023		21
2024		17
Thereafter		30
Total operating lease payments due		$ 171

Stockholders' Equity, Compreh_3

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Changes in Components of AOCI (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019	Oct. 29, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance		$ 8,660	$ 8,209	$ 8,214	$ 6,845
Adoption of new accounting standards	[1]					$ 1,553
Other comprehensive income (loss) before reclassifications				(132)	8
Amounts reclassified out of AOCI				(3)	(4)
Other comprehensive income (loss), net of tax		(127)	16	(135)	4
Ending Balance		9,024	8,201	9,024	8,201
Unrealized Gain (Loss) on Investments, Net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance				11	7
Adoption of new accounting standards						(17)
Other comprehensive income (loss) before reclassifications				5	13
Amounts reclassified out of AOCI				(4)	0
Other comprehensive income (loss), net of tax				1	13
Ending Balance		12	3	12	3
Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance				(16)
Other comprehensive income (loss) before reclassifications				(137)
Amounts reclassified out of AOCI				1
Other comprehensive income (loss), net of tax				(136)
Ending Balance		(152)		(152)
Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance					(9)
Adoption of new accounting standards						0
Other comprehensive income (loss) before reclassifications					(4)
Amounts reclassified out of AOCI					(4)
Other comprehensive income (loss), net of tax					(8)
Ending Balance			(17)		(17)
Defined and Postretirement Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance				(188)	(137)
Adoption of new accounting standards						0
Other comprehensive income (loss) before reclassifications				0	0
Amounts reclassified out of AOCI				0	0
Other comprehensive income (loss), net of tax				0	0
Ending Balance		(188)	(137)	(188)	(137)
Cumulative Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance				13	14
Adoption of new accounting standards						0
Other comprehensive income (loss) before reclassifications				0	(1)
Amounts reclassified out of AOCI				0	0
Other comprehensive income (loss), net of tax				0	(1)
Ending Balance		13	13	13	13
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance		(188)	(154)	(180)	(125)
Adoption of new accounting standards	[1]					$ (17)
Other comprehensive income (loss), net of tax		(127)	16	(135)	4
Ending Balance		$ (315)	$ (138)	$ (315)	$ (138)

[1]	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 and ASU 2016-16 Income Tax (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory .

Stockholders' Equity, Compreh_4

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Additional Information (Details) $ / shares in Units, shares in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Dec. 31, 2019$ / shares	Apr. 26, 2020USD ($)$ / sharesshares	Apr. 28, 2019$ / shares	Apr. 26, 2020USD ($)employee_stock_purchase_plan$ / sharesshares	Apr. 28, 2019USD ($)$ / shares	Feb. 28, 2018USD ($)
Equity [Line Items]
Amount authorized by board of directors to repurchase shares						$ 6,000,000,000
Remaining authorized repurchase amount		$ 1,500,000,000		$ 1,500,000,000
Dividends declared per share (in dollars per share) \| $ / shares	$ 0.21	$ 0.22	$ 0.21	$ 0.43	$ 0.41
Payments of dividends				$ 385,000,000	$ 381,000,000
Tax effects on the unrealized gain (loss) on derivative instruments qualifying as cash flow hedges				$ 39,000,000
Employee Stock
Equity [Line Items]
Performance of total shareholder return				100.00%
Total unrecognized compensation expense		$ 505,000,000		$ 505,000,000
Weighted average period for unrecognized compensation expense to be recognized (in years)				2 years 8 months 12 days
Performance Shares
Equity [Line Items]
Additional performance-based awards to be earned upon certain levels of achievement (in shares) \| shares		1.3		1.3
Award measurement metric relative weight				50.00%
Award measurement period				3 years
Performance Shares \| Minimum
Equity [Line Items]
Award vesting rights, percentage of target amount				0.00%
Performance Shares \| Maximum
Equity [Line Items]
Award vesting rights, percentage of target amount				200.00%
Employee Stock Incentive Plan \| Employee Stock Option
Equity [Line Items]
Number of shares available for grant (in shares) \| shares		57		57
Employee Stock Purchase Plan
Equity [Line Items]
Number of employee stock purchase plans \| employee_stock_purchase_plan				2
Employee stock purchase plan purchase period				6 months
Employee Stock Purchase Plan \| Employee Stock
Equity [Line Items]
Purchase price of common stock				85.00%
Employee Stock Purchase Plan \| Employee Stock Option
Equity [Line Items]
Number of shares available for grant (in shares) \| shares		11		11
Non-US \| Employee Stock Purchase Plan
Equity [Line Items]
Number of employee stock purchase plans \| employee_stock_purchase_plan				1

Stockholders' Equity, Compreh_5

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Stock Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Equity [Abstract]
Common stock repurchases (in shares)	4	16	7	38
Cost of stock repurchased	$ 199	$ 625	$ 399	$ 1,375
Average price paid per share (in dollars per share)	$ 50.14	$ 39.91	$ 54.06	$ 36.48

Stockholders' Equity, Compreh_6

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Share-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 71	$ 65	$ 164	$ 130
Cost of products sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	24	22	55	44
Research, development and engineering
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	27	25	62	49
Marketing and selling
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	8	7	19	15
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 12	$ 11	$ 28	$ 22

Stockholders' Equity, Compreh_7

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 shares in Millions	6 Months Ended
	Apr. 26, 2020$ / sharesshares
Restricted stock units, restricted stock, performance shares and performance units
Beginning balance (in shares) \| shares	18
Granted (in shares) \| shares	5
Vested (in shares) \| shares	(8)
Canceled (in shares) \| shares	0
Ending balance (in shares) \| shares	15
Weighted Average Grant Date Fair Value
Beginning of period (in dollars per share) \| $ / shares	$ 35.78
Granted (in dollars per share) \| $ / shares	53.30
Vested (in dollars per share) \| $ / shares	30.79
Canceled (in dollars per share) \| $ / shares	41.31
Ending balance (in dollars per share) \| $ / shares	$ 44.53

Stockholders' Equity, Compreh_8

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Employee Stock Purchase Plan, Valuation Assumptions (Details) - Employee Stock Purchase Plan - $ / shares	6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	1.40%	2.18%
Expected volatility	37.20%	37.10%
Risk-free interest rate	1.05%	2.51%
Expected life (in years)	6 months	6 months
Weighted average estimated fair value (in dollars per share)	$ 15.24	$ 9.78

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Income Tax Disclosure [Abstract]
GILTI expense (benefit)		$ (50)		$ (96)
Effective income tax rate provision (as percent)	14.00%	12.30%	12.50%	12.80%
Increase in unrecognized tax benefits is reasonably possible	$ 29		$ 29

Warranty, Guarantees and Cont_3

Warranty, Guarantees and Contingencies - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 196	$ 200	$ 196	$ 208
Warranties issued	36	34	76	73
Change in reserves related to preexisting warranty	5	5	2	6
Consumption of reserves	(38)	(44)	(75)	(92)
Ending balance	$ 199	$ 195	$ 199	$ 195

Warranty, Guarantees and Cont_4

Warranty, Guarantees and Contingencies - Narrative (Details) $ in Millions	6 Months Ended
	Apr. 26, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Standard product warranty period	12 months
Maximum potential amount of future payments for letters of credit or other guarantee instruments	$ 146
Parent guarantees to banks	$ 151

Industry Segment Operations - A

Industry Segment Operations - Additional Information (Details)	6 Months Ended
	Apr. 26, 2020Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Industry Segment Operations - N

Industry Segment Operations - Net Sales and Operating Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Net sales and operating income (loss) for each reportable segment
Net Sales	$ 3,957	$ 3,539	$ 8,119	$ 7,292
Operating Income (Loss)	$ 932	$ 776	$ 1,974	$ 1,684
Sales Revenue
Net sales and operating income (loss) for each reportable segment
Percentage of net sales	100.00%	100.00%	100.00%	100.00%
Corporate and Other
Net sales and operating income (loss) for each reportable segment
Net Sales	$ 7	$ 23	$ 26	$ 39
Operating Income (Loss)	$ (181)	$ (128)	$ (370)	$ (251)
Semiconductor Systems \| Sales Revenue
Net sales and operating income (loss) for each reportable segment
Percentage of net sales	100.00%	100.00%	100.00%	100.00%
Semiconductor Systems \| Foundry, logic and other \| Sales Revenue
Net sales and operating income (loss) for each reportable segment
Percentage of net sales	56.00%	58.00%	62.00%	51.00%
Semiconductor Systems \| Dynamic random-access memory (DRAM) \| Sales Revenue
Net sales and operating income (loss) for each reportable segment
Percentage of net sales	22.00%	18.00%	18.00%	19.00%
Semiconductor Systems \| Flash memory \| Sales Revenue
Net sales and operating income (loss) for each reportable segment
Percentage of net sales	22.00%	24.00%	20.00%	30.00%
Semiconductor Systems \| Operating Segments
Net sales and operating income (loss) for each reportable segment
Net Sales	$ 2,567	$ 2,184	$ 5,381	$ 4,452
Operating Income (Loss)	782	579	1,697	1,210
Applied Global Services \| Operating Segments
Net sales and operating income (loss) for each reportable segment
Net Sales	1,018	984	2,015	1,946
Operating Income (Loss)	256	283	534	568
Display and Adjacent Markets \| Operating Segments
Net sales and operating income (loss) for each reportable segment
Net Sales	365	348	697	855
Operating Income (Loss)	$ 75	$ 42	$ 113	$ 157

Industry Segment Operations -_2

Industry Segment Operations - Net Sales by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Segment Reporting Information [Line Items]
Net sales	$ 3,957	$ 3,539	$ 8,119	$ 7,292
Change	12.00%		11.00%
Asia Pacific
Segment Reporting Information [Line Items]
Net sales	$ 3,445	2,867	$ 7,013	5,874
Change	20.00%		19.00%
China
Segment Reporting Information [Line Items]
Net sales	$ 1,138	993	$ 2,410	1,961
Change	15.00%		23.00%
Korea
Segment Reporting Information [Line Items]
Net sales	$ 753	441	$ 1,261	1,013
Change	71.00%		24.00%
Taiwan
Segment Reporting Information [Line Items]
Net sales	$ 1,029	794	$ 2,394	1,450
Change	30.00%		65.00%
Japan
Segment Reporting Information [Line Items]
Net sales	$ 467	520	$ 818	1,171
Change	(10.00%)		(30.00%)
Southeast Asia
Segment Reporting Information [Line Items]
Net sales	$ 58	119	$ 130	279
Change	(51.00%)		(53.00%)
United States
Segment Reporting Information [Line Items]
Net sales	$ 331	457	$ 772	907
Change	(28.00%)		(15.00%)
Europe
Segment Reporting Information [Line Items]
Net sales	$ 181	$ 215	$ 334	$ 511
Change	(16.00%)		(35.00%)
Sales Revenue
Segment Reporting Information [Line Items]
Percentage of net sales	100.00%	100.00%	100.00%	100.00%
Sales Revenue \| Asia Pacific
Segment Reporting Information [Line Items]
Percentage of net sales	87.00%	81.00%	86.00%	81.00%
Sales Revenue \| China
Segment Reporting Information [Line Items]
Percentage of net sales	29.00%	28.00%	30.00%	27.00%
Sales Revenue \| Korea
Segment Reporting Information [Line Items]
Percentage of net sales	19.00%	13.00%	16.00%	14.00%
Sales Revenue \| Taiwan
Segment Reporting Information [Line Items]
Percentage of net sales	26.00%	22.00%	29.00%	20.00%
Sales Revenue \| Japan
Segment Reporting Information [Line Items]
Percentage of net sales	12.00%	15.00%	10.00%	16.00%
Sales Revenue \| Southeast Asia
Segment Reporting Information [Line Items]
Percentage of net sales	1.00%	3.00%	1.00%	4.00%
Sales Revenue \| United States
Segment Reporting Information [Line Items]
Percentage of net sales	8.00%	13.00%	10.00%	12.00%
Sales Revenue \| Europe
Segment Reporting Information [Line Items]
Percentage of net sales	5.00%	6.00%	4.00%	7.00%

Industry Segment Operations - R

Industry Segment Operations - Reconciliations of Total Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Unallocated net sales	$ 3,957	$ 3,539	$ 8,119	$ 7,292
Share-based compensation	(71)	(65)	(164)	(130)
Total	932	776	1,974	1,684
Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Unallocated net sales	7	23	26	39
Unallocated cost of products sold and expenses	(117)	(86)	(232)	(160)
Share-based compensation	(71)	(65)	(164)	(130)
Total	$ (181)	$ (128)	$ (370)	$ (251)

Industry Segment Operations - P

Industry Segment Operations - Percentage by Customer (Details) - Sales Revenue	3 Months Ended		6 Months Ended
	Apr. 26, 2020	Apr. 28, 2019	Apr. 26, 2020	Apr. 28, 2019
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales	100.00%	100.00%	100.00%	100.00%
Customer Concentration Risk \| Taiwan Semiconductor Manufacturing Company Limited
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales			26.00%
Customer Concentration Risk \| Samsung Electronics Co., Ltd.
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales			17.00%

Uncategorized Items - amat-2020

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 1,570,000,000	[1]

[1]	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 and ASU 2016-16 Income Tax (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory .