Applied Materials (AMAT) 10-Q 26 May 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page	6 Months Ended
	Apr. 30, 2023 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2023
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	839,747,415
Entity Central Index Key	0000006951
Current Fiscal Year End Date	--10-29
Document Fiscal Year Focus	2023
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. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Income Statement [Abstract]
Net sales	$ 6,630	$ 6,245	$ 13,369	$ 12,516
Cost of products sold	3,536	3,318	7,130	6,630
Gross profit	3,094	2,927	6,239	5,886
Operating expenses:
Research, development and engineering	775	686	1,546	1,340
Marketing and selling	194	173	391	340
General and administrative	214	174	421	340
Severance and related charges	0	0	0	(4)
Total operating expenses	1,183	1,033	2,358	2,016
Income from operations	1,911	1,894	3,881	3,870
Interest expense	61	58	120	115
Interest and other income (expense), net	(73)	28	(23)	34
Income before income taxes	1,777	1,864	3,738	3,789
Provision for income taxes	202	328	446	461
Net income	$ 1,575	$ 1,536	$ 3,292	$ 3,328
Earnings per share:
Basic (in dollars per share)	$ 1.87	$ 1.75	$ 3.90	$ 3.77
Diluted (in dollars per share)	$ 1.86	$ 1.74	$ 3.88	$ 3.74
Weighted average number of shares:
Basic (in shares)	843	878	844	883
Diluted (in shares)	847	883	848	890

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 1,575	$ 1,536	$ 3,292	$ 3,328
Other comprehensive income (loss), net of tax:
Change in unrealized gain (loss) on available-for-sale investments	5	(33)	28	(48)
Change in unrealized net loss on derivative instruments	(5)	36	(61)	33
Other comprehensive income (loss), net of tax	0	3	(33)	(15)
Comprehensive income	$ 1,575	$ 1,539	$ 3,259	$ 3,313

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Current assets:
Cash and cash equivalents	$ 4,588	$ 1,995
Short-term investments	510	586
Accounts receivable, net	5,516	6,068
Inventories	5,940	5,932
Other current assets	1,219	1,344
Total current assets	17,773	15,925
Long-term investments	2,024	1,980
Property, plant and equipment, net	2,559	2,307
Goodwill	3,711	3,700
Purchased technology and other intangible assets, net	328	339
Deferred income taxes and other assets	2,697	2,475
Total assets	29,092	26,726
Current liabilities:
Short-term debt	199	0
Accounts payable and accrued expenses	4,299	4,237
Contract liabilities	3,373	3,142
Total current liabilities	7,871	7,379
Long-term debt	5,459	5,457
Income taxes payable	822	964
Other liabilities	811	732
Total liabilities	14,963	14,532
Stockholders’ equity:
Common stock	8	8
Additional paid-in capital	8,811	8,593
Retained earnings	40,696	37,892
Treasury stock	(35,151)	(34,097)
Accumulated other comprehensive loss	(235)	(202)
Total stockholders’ equity	14,129	12,194
Total liabilities and stockholders’ equity	$ 29,092	$ 26,726

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. 31, 2021		892
Treasury stock, beginning balance (in shares) at Oct. 31, 2021					1,119
Beginning Balance at Oct. 31, 2021	$ 12,247	$ 9	$ 8,247	$ 32,246	$ (27,995)	$ (260)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,328			3,328
Other comprehensive income (loss), net of tax	(15)					(15)
Dividends declared	(437)			(437)
Share-based compensation	219		219
Issuance under stock plans (in shares)		4
Issuance under stock plans	$ (160)		(160)
Common stock repurchases (in shares)	(27)	(27)			(27)
Common stock repurchases	$ (3,603)				$ (3,603)
Ending Balance, (in shares) at May. 01, 2022		869
Treasury stock, ending balance (in shares) at May. 01, 2022					1,146
Ending Balance at May. 01, 2022	11,579	$ 9	8,306	35,137	$ (31,598)	(275)
Beginning Balance, (in shares) at Jan. 30, 2022		883
Treasury stock, beginning balance (in shares) at Jan. 30, 2022					1,131
Beginning Balance at Jan. 30, 2022	11,890	$ 9	8,130	33,827	$ (29,798)	(278)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,536			1,536
Other comprehensive income (loss), net of tax	3					3
Dividends declared	(226)			(226)
Share-based compensation	101		101
Issuance under stock plans (in shares)		1
Issuance under stock plans	$ 75		75
Common stock repurchases (in shares)	(15)	(15)			(15)
Common stock repurchases	$ (1,800)				$ (1,800)
Ending Balance, (in shares) at May. 01, 2022		869
Treasury stock, ending balance (in shares) at May. 01, 2022					1,146
Ending Balance at May. 01, 2022	11,579	$ 9	8,306	35,137	$ (31,598)	(275)
Beginning Balance, (in shares) at Oct. 30, 2022		844
Treasury stock, beginning balance (in shares) at Oct. 30, 2022					1,173
Beginning Balance at Oct. 30, 2022	12,194	$ 8	8,593	37,892	$ (34,097)	(202)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,292			3,292
Other comprehensive income (loss), net of tax	(33)					(33)
Dividends declared	(488)			(488)
Share-based compensation	261		261
Issuance under stock plans (in shares)		5
Issuance under stock plans	$ (43)		(43)
Common stock repurchases (in shares)	(9)	(9)			(9)
Common stock repurchases	$ (1,054)	$ 0			$ (1,054)
Ending Balance, (in shares) at Apr. 30, 2023		840
Treasury stock, ending balance (in shares) at Apr. 30, 2023					1,182
Ending Balance at Apr. 30, 2023	14,129	$ 8	8,811	40,696	$ (35,151)	(235)
Beginning Balance, (in shares) at Jan. 29, 2023		845
Treasury stock, beginning balance (in shares) at Jan. 29, 2023					1,175
Beginning Balance at Jan. 29, 2023	13,420	$ 8	8,605	39,389	$ (34,347)	(235)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,575			1,575
Other comprehensive income (loss), net of tax	0
Dividends declared	(268)			(268)
Share-based compensation	113		113
Issuance under stock plans (in shares)		2
Issuance under stock plans	$ 93		93
Common stock repurchases (in shares)	(7)	(7)			(7)
Common stock repurchases	$ (804)				$ (804)
Ending Balance, (in shares) at Apr. 30, 2023		840
Treasury stock, ending balance (in shares) at Apr. 30, 2023					1,182
Ending Balance at Apr. 30, 2023	$ 14,129	$ 8	$ 8,811	$ 40,696	$ (35,151)	$ (235)

Consolidated Condensed Statem_4

Consolidated Condensed Statements of Stockholders' Equity (Parenthetical) - $ / shares	1 Months Ended		3 Months Ended		6 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared per share (in dollars per share)	$ 0.32	$ 0.26	$ 0.32	$ 0.26	$ 0.58	$ 0.50

Consolidated Condensed Statem_5

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2023	May 01, 2022
Cash flows from operating activities:
Net income	$ 3,292	$ 3,328
Adjustments required to reconcile net income to cash provided by operating activities:
Depreciation and amortization	249	213
Severance and related charges	0	(4)
Share-based compensation	261	219
Deferred income taxes	(136)	(256)
Other	174	(8)
Changes in operating assets and liabilities:
Accounts receivable	552	70
Inventories	(8)	(700)
Other current and non-current assets	113	(30)
Accounts payable and accrued expenses	(613)	(140)
Contract liabilities	231	514
Income taxes payable	396	(167)
Other liabilities	51	34
Cash provided by operating activities	4,562	3,073
Cash flows from investing activities:
Capital expenditures	(542)	(354)
Cash paid for acquisitions, net of cash acquired	(18)	0
Proceeds from sales and maturities of investments	669	639
Purchases of investments	(730)	(836)
Cash used in investing activities	(621)	(551)
Cash flows from financing activities:
Proceeds from commercial paper	595	0
Repayments of commercial paper	(400)	0
Proceeds from common stock issuances	111	96
Common stock repurchases	(1,050)	(3,603)
Tax withholding payments for vested equity awards	(154)	(256)
Payments of dividends to stockholders	(439)	(425)
Repayments of principal on finance leases	(9)	0
Cash used in financing activities	(1,346)	(4,188)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	2,595	(1,666)
Cash, cash equivalents and restricted cash equivalents — beginning of period	2,100	5,101
Cash, cash equivalents and restricted cash equivalents — end of period	4,695	3,435
Reconciliation of cash, cash equivalents and restricted cash equivalents
Cash and cash equivalents	4,588	3,331
Restricted cash equivalents included in deferred income taxes and other assets	107	104
Total cash, cash equivalents and restricted cash equivalents	4,695	3,435
Supplemental cash flow information:
Cash payments for income taxes	221	1,031
Cash refunds from income taxes	51	128
Cash payments for interest	$ 102	$ 102

Basis of Presentation

Basis of Presentation	6 Months Ended
	Apr. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Basis of Presentation In the opinion of our management, the unaudited interim consolidated condensed financial statements of Applied Materials, Inc. and its subsidiaries (we, us, and our) included herein have been prepared on a basis consistent with the October 30, 2022 audited consolidated financial statements and include all material adjustments, consisting of normal recurring adjustments, necessary to fairly state 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 our Annual Report on Form 10-K for the fiscal year ended October 30, 2022 (2022 Form 10-K). 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. Our results of operations for the three and six months ended April 30, 2023 are not necessarily indicative of future operating results. Our fiscal year ends on the last Sunday in October of each year. Fiscal 2023 and 2022 contain 52 weeks each and the first six months of fiscal 2023 and 2022 each contained 26 weeks. Recent Accounting Pronouncements Accounting Standards Not Yet Adopted Disclosures by Business Entities about Government Assistance. In November 2021, the Financial Accounting Standard Board (FASB) issued an accounting standard update which requires annual disclosures related to certain government assistance received by business entities (Topic 832) including (1) the types of assistance, (2) the entity’s accounting for the assistance, and (3) the effect of the assistance on an entity’s financial statements. This authoritative guidance is effective for us in our fiscal 2023 Form 10-K. The adoption of this authoritative guidance is not expected to have a significant impact to our financial results and only impacts the disclosures in our notes to consolidated financial statements. Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. In June 2022, the FASB issued an accounting standard update which clarifies how the fair value of equity securities subject to contractual sale restrictions is determined (Topic 820). The amendment clarifies that a contractual sale restriction should not be considered in measuring fair value. It also requires certain qualitative and quantitative disclosures related to equity securities subject to contractual sale restrictions. This authoritative guidance will be effective for us in the first quarter of fiscal 2025, with early adoption permitted. We are currently evaluating the effect of this new guidance on our consolidated condensed financial statements. Contract Assets and Contract Liabilities from Revenue Contracts with Customers in a Business Combination. In October 2021, the FASB issued an accounting standard update to improve the accounting for contract assets and contract liabilities from revenue contracts with customers in a business combination (Topic 805). This amendment improves comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. This authoritative guidance will be effective for us in the first quarter of fiscal 2024, with early adoption permitted. We are currently evaluating the effect of this new guidance on our consolidated condensed financial statements.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Apr. 30, 2023
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 restricted stock units and employee stock purchase plan shares) outstanding during the period. Our net income has not been adjusted for any period presented for purposes of computing basic or diluted earnings per share due to our non-complex capital structure. Three Months Ended Six Months Ended April 30, May 1, April 30, May 1, (In millions, except per share amounts) Numerator: Net income $ 1,575 $ 1,536 $ 3,292 $ 3,328 Denominator: Weighted average common shares outstanding 843 878 844 883 Effect of weighted dilutive restricted stock units and employee stock purchase plan shares 4 5 4 7 Denominator for diluted earnings per share 847 883 848 890 Basic earnings per share $ 1.87 $ 1.75 $ 3.90 $ 3.77 Diluted earnings per share $ 1.86 $ 1.74 $ 3.88 $ 3.74 Potentially weighted dilutive securities 2 3 2 — Potentially weighted dilutive securities attributable to outstanding restricted stock units are excluded from the calculation of diluted earnings per share where the combined exercise price and average unamortized fair value are greater than the average market price of our common stock, and therefore their inclusion would be anti-dilutive.

Cash, Cash Equivalents and Inve

Cash, Cash Equivalents and Investments	6 Months Ended
	Apr. 30, 2023
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 our cash, cash equivalents and investments by security type: April 30, 2023 Cost Gross Gross Estimated (In millions) Cash $ 1,429 $ — $ — $ 1,429 Cash equivalents: Money market funds * 2,309 — — 2,309 Commercial paper, corporate bonds and medium-term notes 850 — — 850 Total Cash equivalents 3,159 — — 3,159 Total Cash and Cash equivalents $ 4,588 $ — $ — $ 4,588 Short-term and long-term investments: Bank certificates of deposit and time deposits $ 11 $ — $ — $ 11 U.S. Treasury and agency securities 430 — 8 422 Non-U.S. government securities ** 7 — — 7 Municipal securities 430 1 9 422 Commercial paper, corporate bonds and medium-term notes 572 1 13 560 Asset-backed and mortgage-backed securities 436 — 13 423 Total fixed income securities 1,886 2 43 1,845 Publicly traded equity securities 80 42 13 109 Equity investments in privately-held companies 510 78 8 580 Total equity investments 590 120 21 689 Total short-term and long-term investments $ 2,476 $ 122 $ 64 $ 2,534 Total Cash, Cash equivalents and Investments $ 7,064 $ 122 $ 64 $ 7,122 _________________________ *Excludes restricted cash equivalents invested in money market funds related to deferred compensation plans **Includes Canadian provincial government debt October 30, 2022 Cost Gross Gross Estimated (In millions) Cash $ 1,199 $ — $ — $ 1,199 Cash equivalents: Money market funds * 660 — — 660 U.S. Treasury and agency securities 4 — — 4 Municipal securities 13 — — 13 Commercial paper, corporate bonds and medium-term notes 119 — — 119 Total Cash equivalents 796 — — 796 Total Cash and Cash equivalents $ 1,995 $ — $ — $ 1,995 Short-term and long-term investments: Bank certificates of deposit $ 7 $ — $ — $ 7 U.S. Treasury and agency securities 435 — 13 422 Non-U.S. government securities ** 7 — 1 6 Municipal securities 389 — 16 373 Commercial paper, corporate bonds and medium-term notes 595 — 21 574 Asset-backed and mortgage-backed securities 432 — 19 413 Total fixed income securities 1,865 — 70 1,795 Publicly traded equity securities 85 63 26 122 Equity investments in privately-held companies 567 86 4 649 Total equity investments 652 149 30 771 Total short-term and long-term investments $ 2,517 $ 149 $ 100 $ 2,566 Total Cash, Cash equivalents and Investments $ 4,512 $ 149 $ 100 $ 4,561 _________________________ *Excludes restricted cash equivalents invested in money market funds related to deferred compensation plans **Includes Canadian provincial government debt Maturities of Investments The following table summarizes the contractual maturities of our investments as of April 30, 2023: Cost Estimated (In millions) Due in one year or less $ 487 $ 482 Due after one through five years 964 941 No single maturity date** 1,025 1,111 Total $ 2,476 $ 2,534 _________________________ ** 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 30, 2023 and May 1, 2022 gross realized gains and losses on debt investment portfolio were not material. As of April 30, 2023 and October 30, 2022, gross unrealized losses related to our debt investment portfolio were not material. We regularly review our debt investment portfolio to identify and evaluate investments that have indications of possible impairment from credit losses or other factors. Factors considered in determining whether an unrealized loss is considered to be a credit loss include: the significance of the decline in value compared to the cost basis; the financial condition; credit quality and near-term prospects of the investee; and whether it is more likely than not that we will be required to sell the security prior to recovery. Credit losses related to available-for-sale debt securities are recorded as an allowance for credit losses through interest and other income (expense), net. Any additional changes in fair value that are not related to credit losses are recognized in accumulated other comprehensive income. During the three and six months ended April 30, 2023 and May 1, 2022, we did not recognize material credit losses and the ending allowance for credit losses was not material to our debt investment portfolio. The components of gain (loss) on equity investments for the three and six months ended April 30, 2023 and May 1, 2022 were as follows: Three Months Ended Six Months Ended April 30, May 1, April 30, May 1, (In millions) Publicly traded equity securities Unrealized gain $ 1 $ 17 $ 19 $ 18 Unrealized loss (11) (2) (27) (10) Realized gain on sales 1 — 1 2 Realized loss on sales (1) — (2) — Equity investments in privately-held companies Unrealized gain 8 13 12 25 Unrealized loss (9) — (11) — Realized gain on sales — 2 5 2 Realized loss on sales and impairment (117) — (117) (4) Total gain (loss) on equity investments, net $ (128) $ 30 $ (120) $ 33 Realized loss on sales and impairment included impairment losses on equity investments in privately-held companies of $117 million during the three and six months ended April 30, 2023. Impairment losses on equity investments were not material during the three and six months ended May 1, 2022. These impairment losses are included in interest and other income (expense), net in the Consolidated Condensed Statement of Operations.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Our 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. Our 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 We use 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. Our 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, we use 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, we generally obtain non-binding price quotes from brokers. In addition, to validate pricing information obtained from pricing services, we periodically perform supplemental analysis on a sample of securities. We review any significant unanticipated differences identified through this analysis to determine the appropriate fair value. As of April 30, 2023, substantially all of our available-for-sale, short-term and long-term investments were recognized at fair value that was determined based upon observable inputs or quoted prices. Our equity investments with readily determinable values consist of publicly traded equity securities. These investments are measured at fair value using quoted prices for identical assets in an active market and the changes in fair value of these equity investments are recognized in the consolidated statements of operations. Investments with remaining effective maturities of 12 months or less from the balance sheet date are classified as short-term investments. Investments with remaining effective maturities of more than 12 months from the balance sheet date are classified as long-term investments. Assets Measured at Fair Value on a Recurring Basis Financial assets (excluding cash balances) measured at fair value on a recurring basis are summarized below: April 30, 2023 October 30, 2022 Level 1 Level 2 Total Level 1 Level 2 Total (In millions) Assets: Available-for-sale debt security investments Money market funds* $ 2,416 $ — $ 2,416 $ 765 $ — $ 765 Bank certificates of deposit and time deposits — 11 11 — 7 7 U.S. Treasury and agency securities 371 51 422 404 22 426 Non-U.S. government securities — 7 7 — 6 6 Municipal securities — 422 422 — 386 386 Commercial paper, corporate bonds and medium-term notes — 1,410 1,410 — 693 693 Asset-backed and mortgage-backed securities — 423 423 — 413 413 Total available-for-sale debt security investments $ 2,787 $ 2,324 $ 5,111 $ 1,169 $ 1,527 $ 2,696 Equity investments with readily determinable values Publicly traded equity securities $ 109 $ — $ 109 $ 122 $ — $ 122 Total equity investments with readily determinable values $ 109 $ — $ 109 $ 122 $ — $ 122 Total $ 2,896 $ 2,324 $ 5,220 $ 1,291 $ 1,527 $ 2,818 _________________________ * Amounts as of April 30, 2023 and October 30, 2022, include $107 million and $105 million, respectively, invested in money market funds related to deferred compensation plans. Due to restrictions on the distribution of these funds, they are classified as restricted cash equivalents and are included in deferred income taxes and other assets We did not have any financial assets measured at fair value on a recurring basis within Level 3 fair value measurements as of April 30, 2023 or October 30, 2022. Assets and Liabilities without Readily Determinable Values Measured on a Non-recurring Basis Our equity investments without readily determinable values consist of equity investments in privately-held companies. We elected the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes on a prospective basis for certain equity investments without readily determinable fair values and is required to account for any subsequent observable changes in fair value within the statements of operations. These investments are classified as Level 3 within the fair value hierarchy and periodically assessed for impairment when an event or circumstance indicates that a decline in value may have occurred. Impairment losses on equity investments in privately-held companies were $117 million during the three and six months ended April 30, 2023 and were not material during the three and six months ended May 1, 2022. These impairment losses are included in interest and other income (expense), net in the Consolidated Condensed Statement of Operations. Other The carrying amounts of our financial instruments, including cash and cash equivalents, restricted cash equivalents, accounts receivable, commercial paper notes, and accounts payable and accrued expenses, approximate fair value due to their short maturities. As of April 30, 2023, the aggregate principal amount of long-term senior unsecured notes was $5.5 billion and the estimated fair value was $5.2 billion. As of October 30, 2022, the aggregate principal amount of long-term senior unsecured notes was $5.5 billion and the estimated fair value was $4.8 billion. The estimated fair value of long-term senior unsecured notes is determined by Level 2 inputs and is based primarily on quoted market prices for the same or similar issues. See Note 10 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
	Apr. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Derivative Financial Instruments We conduct business in a number of foreign countries, with certain transactions denominated in local currencies, such as the Japanese yen, Israeli shekel, euro and Taiwanese dollar. We use derivative financial instruments, such as foreign currency forward and option contracts, to hedge certain forecasted foreign currency denominated transactions expected to occur typically within the next 24 months. The purpose of our 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. We do not use derivative financial instruments for trading or speculative purposes. Derivative instruments and hedging activities, including foreign exchange and interest rate contracts, are recognized on the balance sheet at fair value. Changes in the fair value of derivatives that do not qualify for hedge accounting treatment are recognized currently in earnings. All of our 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 30, 2023 is expected to be reclassified into earnings within 12 months. Changes in fair value caused by changes in time value of option contracts designated as cash flow hedges are excluded from the assessment of effectiveness. The initial value of this excluded component is amortized on a straight-line basis over the life of the hedging instrument and recognized in the financial statement line item to which the hedge relates. If the transaction being hedged is probable not to occur, we immediately recognize the gain or loss on the associated financial instrument in the consolidated condensed statement of operations. The amount recognized due to discontinuance of cash flow hedges that were probable of not occurring by the end of the originally specified time period was not significant for the three and six months ended April 30, 2023 and May 1, 2022. Foreign currency forward contracts are generally used to hedge certain foreign currency denominated assets or liabilities. Accordingly, changes in the fair value of these hedges are recorded in earnings to offset the changes in the fair value of the assets or liabilities being hedged. As of April 30, 2023 and October 30, 2022, the total outstanding notional amounts of foreign exchange contracts were $1.9 billion and $2.1 billion, respectively. The fair values of foreign exchange derivative instruments as of April 30, 2023 and October 30, 2022 were not material. 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 30, May 1, April 30, May 1, (In millions) Derivatives in Cash Flow Hedging Relationships: Foreign exchange contracts $ 2 $ 54 $ (47) $ 59 Total $ 2 $ 54 $ (47) $ 59 The effects of derivative instruments and hedging activities on the Consolidated Condensed Statements of Operations were as follows: Three Months Ended April 30, 2023 May 1, 2022 Derivatives in Cash Flow Hedging Relationships Derivatives in Cash Flow Hedging Relationships Total Amount Presented in the Consolidated Condensed Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amount of Gain (Loss) Excluded from Effectiveness Testing Total Amount Presented in the Consolidated Condensed Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amount of Gain (Loss) Excluded from Effectiveness Testing (In millions) Foreign Exchange Contracts: Net Sales $ 6,630 $ 14 $ — $ 6,245 $ 14 $ — Cost of products sold $ 3,536 — — $ 3,318 (1) — Research, development and engineering $ 775 (3) — $ 686 (1) (1) Marketing and selling $ 194 — — $ 173 (1) — General and administrative $ 214 (1) — $ 174 — — Interest Rate Contracts: Interest expense $ 61 (3) — $ 58 (3) — $ 7 $ — $ 8 $ (1) Six Months Ended April 30, 2023 May 1, 2022 Derivatives in Cash Flow Hedging Relationships Derivatives in Cash Flow Hedging Relationships Total Amount Presented in the Consolidated Condensed Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amount of Gain (Loss) Excluded from Effectiveness Testing Total Amount Presented in the Consolidated Condensed Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amount of Gain (Loss) Excluded from Effectiveness Testing (In millions) Foreign Exchange Contracts: Net Sales $ 13,369 $ 39 $ — $ 12,516 $ 27 $ — Cost of products sold $ 7,130 2 — $ 6,630 (3) — Research, development and engineering $ 1,546 (3) — $ 1,340 — (1) Marketing and selling $ 391 — — $ 340 (1) — General and administrative $ 421 (1) — $ 340 — — Interest Rate Contracts: Interest expense $ 120 (6) — $ 115 (6) — $ 31 $ — $ 17 $ (1) Amount of Gain or (Loss) Three Months Ended Six Months Ended Location of Gain or April 30, May 1, April 30, May 1, (In millions) Derivatives Not Designated as Hedging Instruments Foreign exchange contracts Interest and other income, net $ 12 $ 20 $ (36) $ 20 Total return swaps - deferred compensation Cost of products sold — (1) 1 (2) Total return swaps - deferred compensation Operating expenses 2 (12) 14 (19) Total return swaps - deferred compensation Interest and other income, net (2) — (4) — Total $ 12 $ 7 $ (25) $ (1) Credit Risk Contingent Features If our credit rating were to fall below investment grade, we 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 30, 2023. Entering into derivative contracts with banks exposes us to credit-related losses in the event of the banks’ nonperformance. However, our exposure is not considered significant.

Accounts Receivable, Net

Accounts Receivable, Net	6 Months Ended
	Apr. 30, 2023
Receivables [Abstract]
Accounts Receivable, Net	Accounts Receivable, Net We have agreements with various financial institutions to sell accounts receivable and discount promissory notes from selected customers. We sell our accounts receivable generally without recourse. From time to time, we also discount 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. We sold $250 million and $529 million of account receivables during the three and six months ended April 30, 2023, respectively. We sold $365 million and $570 million of account receivables during the three and six months ended May 1, 2022, respectively. We did not discount letters of credit issued by customers or discount promissory notes during the six months ended April 30, 2023 and May 1, 2022. 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 credit losses of $29 million as of April 30, 2023 and as of October 30, 2022. We sell our products principally to manufacturers within the semiconductor and display industries. While we believe that our allowance for credit losses is adequate and represents our best estimate as of April 30, 2023, we continue to closely monitor customer liquidity and industry and economic conditions, which may result in changes to our estimates.

Contract Balances and Performan

Contract Balances and Performance Obligations	6 Months Ended
	Apr. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract Balances and Performance Obligations	Contract Balances and Performance Obligations Contract Assets and Liabilities Contract assets primarily result from receivables for goods transferred to customers where payment is conditional upon technical sign off and not just the passage of time. Contract liabilities consist of unsatisfied performance obligations related to advance payments received and billings in excess of revenue recognized. Our 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 30, 2023 October 30, 2022 (In millions) Contract assets $ 185 $ 173 Contract liabilities $ 3,373 $ 3,142 The increase in contract assets during the six months ended April 30, 2023 was primarily due to a reduction in goods transferred to customers where payment was conditional upon technical sign off. During the six months ended April 30, 2023, we recognized revenue of approximately $2.3 billion related to contract liabilities at October 30, 2022. Contract liabilities increased during the six months ended April 30, 2023 due to 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 30, 2023, partially offset by revenue recognized related to contract liabilities at October 30, 2022. There were no credit losses recognized on our accounts receivables and contract assets during both the six months ended April 30, 2023 and May 1, 2022. Performance Obligations As of April 30, 2023, the amount of remaining unsatisfied performance obligations on contracts, primarily consisting of written purchase orders received from customers, with an original estimated duration of one year or more was approximately $5.2 billion, of which approximately 50% is expected to be recognized within 12 months and the remainder is expected to be recognized within the following 24 months thereafter. We have 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
	Apr. 30, 2023
Balance Sheet Detail [Abstract]
Balance Sheet Detail	Balance Sheet Detail April 30, October 30, (In millions) Inventories Customer service spares $ 1,567 $ 1,409 Raw materials 1,833 1,807 Work-in-process 1,064 1,029 Finished goods Deferred cost of sales 541 704 Evaluation inventory 415 422 Manufactured on-hand inventory 520 561 Total finished goods 1,476 1,687 Total inventories $ 5,940 $ 5,932 April 30, October 30, (In millions) Other Current Assets Prepaid income taxes and income taxes receivable $ 417 $ 461 Prepaid expenses and other 802 883 $ 1,219 $ 1,344 Useful Life April 30, October 30, (In years) (In millions) Property, Plant and Equipment, Net Land and improvements $ 387 $ 387 Buildings and improvements 3-30 2,118 2,027 Demonstration and manufacturing equipment 3-5 2,195 2,083 Furniture, fixtures and other equipment 3-5 745 743 Construction in progress 617 389 Gross property, plant and equipment 6,062 5,629 Accumulated depreciation (3,503) (3,322) $ 2,559 $ 2,307 April 30, October 30, (In millions) Deferred Income Taxes and Other Assets Non-current deferred income taxes $ 1,678 $ 1,395 Operating lease right-of-use assets 389 389 Finance lease right-of-use assets 109 — Income tax receivables and other assets 521 691 $ 2,697 $ 2,475 April 30, October 30, (In millions) Accounts Payable and Accrued Expenses Accounts payable $ 1,468 $ 1,755 Compensation and employee benefits 680 905 Warranty 310 286 Dividends payable 269 220 Income taxes payable 836 319 Other accrued taxes 30 30 Interest payable 39 39 Operating lease liabilities, current 90 85 Finance lease liabilities, current 15 — Other 562 598 $ 4,299 $ 4,237 April 30, October 30, (In millions) Other Liabilities Defined and postretirement benefit plans $ 117 $ 107 Operating lease liabilities, non-current 273 287 Finance lease liabilities, non-current 86 — Other 335 338 $ 811 $ 732

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and 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. Goodwill As of April 30, 2023, our reporting units include Semiconductor Products Group and Imaging and Process Control Group, Applied Global Services, Display and Adjacent Markets and other reporting units recorded under Corporate and Other. The Semiconductor Products Group and Imaging and Process Control Group combine to form the Semiconductor Systems reporting segment. Details of goodwill as of April 30, 2023 and October 30, 2022 were as follows: April 30, October 30, (In millions) Goodwill by reportable segment Semiconductor Systems $ 2,439 $ 2,428 Applied Global Services 1,032 1,032 Display and Adjacent Markets 199 199 Corporate and Other 41 41 $ 3,711 $ 3,700 From time to time, we acquire companies related to our existing or new markets. During the first six months of fiscal 2023, goodwill increased primarily due to the preliminary purchase accounting for an acquisition during the first quarter of fiscal 2023, which was not material to our results of operations or to our balance sheet. Intangible Assets Details of intangible assets other than goodwill were as follows: April 30, 2023 October 30, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In millions) Intangible assets with finite lives: Semiconductor Systems $ 1,997 $ (1,694) $ 303 $ 1,985 $ (1,675) $ 310 Applied Global Services 79 (78) 1 79 (77) 2 Display and Adjacent Markets 194 (194) — 194 (194) — Corporate and Other 36 (29) 7 36 (26) 10 Total intangible assets with finite lives $ 2,306 $ (1,995) $ 311 $ 2,294 $ (1,972) $ 322 Intangible assets with indefinite lives: Semiconductor Systems $ 16 $ — $ 16 $ 16 $ — $ 16 Corporate and Other 1 — 1 1 — 1 Total intangible assets with indefinite lives $ 17 $ — $ 17 $ 17 $ — $ 17 Total intangible assets $ 2,323 $ (1,995) $ 328 $ 2,311 $ (1,972) $ 339 The increase in intangible assets during the first six months of fiscal 2023 was primarily due to the preliminary purchase accounting for an acquisition during the first quarter of fiscal 2023, which was not material to our results of operations. Intangible assets with indefinite lives that are not subject to amortization consist primarily of in-process technology, which will be subject to amortization upon commercialization. If an in-process technology project is abandoned, the acquired technology attributable to the project will be written-off. Amortization expense of intangible assets were $12 million and $23 million during the three and six months ended months ended April 30, 2023, respectively. Amortization expense of intangible assets were $9 million and $19 million during the three and six months ended and May 1, 2022, respectively. As of April 30, 2023, future estimated amortization expense of intangible assets with finite lives is expected to be as follows: Amortization Expense (In millions) 2023 (remaining 6 months) $ 22 2024 41 2025 40 2026 38 2027 25 Thereafter 145 Total $ 311

Borrowing Facilities and Debt

Borrowing Facilities and Debt	6 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
Borrowing Facilities and Debt	Borrowing Facilities and Debt Revolving Credit Facilities In February 2020, we entered into a five-year $1.5 billion committed unsecured revolving credit agreement (Revolving Credit Agreement) with a group of banks. The Revolving Credit Agreement includes a provision under which we may request an increase in the amount of the facility of up to $500 million for a total commitment of no more than $2.0 billion, subject to the receipt of commitments from one or more lenders for any such increase and other customary conditions. In February 2023, we entered into an agreement with our lenders to extend the termination date of the Revolving Credit Agreement to February 2026. The termination date may be further extended as permitted under the Revolving Credit Agreement. The Revolving Credit Agreement provides for borrowings that bear interest for each advance at one of two rates selected by us, plus an applicable margin, which varies according to our public debt credit ratings. No amounts were outstanding under the Revolving Credit Agreement as of April 30, 2023 and October 30, 2022. In addition, we have revolving credit facilities with Japanese banks pursuant to which we may borrow up to approximately $60 million in aggregate at any time. Our 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 30, 2023 and October 30, 2022, no amounts were outstanding under these revolving credit facilities. Short-term Commercial Paper We have a short-term commercial paper program under which we may issue unsecured commercial paper notes of up to a total amount of $1.5 billion. The proceeds from the issuances of the commercial paper program are used for general corporate purposes. As of April 30, 2023, we had commercial paper notes outstanding with an aggregate principal amount of $200 million, which were recorded as short-term debt with a weighted-average interest rate of 4.87% and maturities of 63 days. We did not have any commercial paper notes outstanding as of October 30, 2022. Senior Unsecured Notes Debt outstanding as of April 30, 2023 and October 30, 2022 was as follows: Principal Amount April 30, October 30, Effective Interest (In millions) Long-term debt: 3.900% Senior Notes Due 2025 $ 700 $ 700 3.944% April 1, October 1 3.300% Senior Notes Due 2027 1,200 1,200 3.342% April 1, October 1 1.750% Senior Notes Due 2030 750 750 1.792% June 1, December 1 5.100% Senior Notes Due 2035 500 500 5.127% April 1, October 1 5.850% Senior Notes Due 2041 600 600 5.879% June 15, December 15 4.350% Senior Notes Due 2047 1,000 1,000 4.361% April 1, October 1 2.750% Senior Notes Due 2050 750 750 2.773% June 1, December 1 5,500 5,500 Total unamortized discount (11) (12) Total unamortized debt issuance costs (30) (31) Total long-term debt $ 5,459 $ 5,457

Leases

Leases	6 Months Ended
	Apr. 30, 2023
Leases [Abstract]
Leases	Leases A contract contains a lease when we have the right to control the use of an identified asset for a period of time in exchange for consideration. A majority of our lease arrangements are operating leases. We also have certain leases that qualify as finance leases. We lease 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. Our finance leases are those that contain a purchase option which we are reasonably certain to exercise at the end of the lease term. Our 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, we use 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. Finance lease expense is generally recognized on a straight-line basis over the life of the underlying leased asset. We 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, we 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 30, May 1, April 30, May 1, (In millions, except percentages) Operating lease cost $ 39 $ 22 $ 65 $ 43 Finance lease cost: Amortization of right-of-use assets $ 1 $ — Interest on lease liabilities $ 1 $ — Weighted-average remaining lease term (in years) - operating leases 6.1 6.4 Weighted-average remaining lease term (in years) - finance leases 1.4 n/a Weighted-average discount rate - operating leases 2.7% 2.8% Weighted-average discount rate - finance leases 4.6% n/a Supplemental cash flow information related to leases are as follows: Six Months Ended April 30, 2023 May 1, (In millions) Operating cash flows paid for operating leases $ 65 $ 43 Operating cash flows paid for finance leases $ 1 $ — Financing cash flows paid for finance leases $ 9 $ — Right-of-use assets obtained in exchange for operating lease liabilities $ 50 $ 139 Right-of-use assets obtained in exchange for finance lease liabilities $ 109 $ — As of April 30, 2023, the maturities of lease liabilities are as follows: Operating Leases Finance Leases Fiscal (In millions) 2023 (remaining 6 months) $ 51 — 2024 92 106 2025 72 — 2026 39 — 2027 30 — Thereafter 115 — Total lease payments $ 399 $ 106 Less imputed interest (36) (5) Total $ 363 $ 101
Leases	Leases A contract contains a lease when we have the right to control the use of an identified asset for a period of time in exchange for consideration. A majority of our lease arrangements are operating leases. We also have certain leases that qualify as finance leases. We lease 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. Our finance leases are those that contain a purchase option which we are reasonably certain to exercise at the end of the lease term. Our 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, we use 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. Finance lease expense is generally recognized on a straight-line basis over the life of the underlying leased asset. We 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, we 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 30, May 1, April 30, May 1, (In millions, except percentages) Operating lease cost $ 39 $ 22 $ 65 $ 43 Finance lease cost: Amortization of right-of-use assets $ 1 $ — Interest on lease liabilities $ 1 $ — Weighted-average remaining lease term (in years) - operating leases 6.1 6.4 Weighted-average remaining lease term (in years) - finance leases 1.4 n/a Weighted-average discount rate - operating leases 2.7% 2.8% Weighted-average discount rate - finance leases 4.6% n/a Supplemental cash flow information related to leases are as follows: Six Months Ended April 30, 2023 May 1, (In millions) Operating cash flows paid for operating leases $ 65 $ 43 Operating cash flows paid for finance leases $ 1 $ — Financing cash flows paid for finance leases $ 9 $ — Right-of-use assets obtained in exchange for operating lease liabilities $ 50 $ 139 Right-of-use assets obtained in exchange for finance lease liabilities $ 109 $ — As of April 30, 2023, the maturities of lease liabilities are as follows: Operating Leases Finance Leases Fiscal (In millions) 2023 (remaining 6 months) $ 51 — 2024 92 106 2025 72 — 2026 39 — 2027 30 — Thereafter 115 — Total lease payments $ 399 $ 106 Less imputed interest (36) (5) Total $ 363 $ 101

Stockholders' Equity, Comprehen

Stockholders' Equity, Comprehensive Income and Share-Based Compensation	6 Months Ended
	Apr. 30, 2023
Equity [Abstract]
Stockholders' Equity, Comprehensive Income and Share-Based Compensation	Stockholders’ Equity, Comprehensive Income and Share-Based Compensation Accumulated Other Comprehensive Income (Loss) Changes in the components of accumulated other comprehensive income (AOCI), net of tax, were as follows: Unrealized Gain (Loss) on Investments, Net Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges Defined and Postretirement Benefit Plans Cumulative Translation Adjustments Total (in millions) Balance as of October 30, 2022 $ (75) $ (52) $ (88) $ 13 $ (202) Other comprehensive income (loss) before reclassifications 20 (37) — — (17) Amounts reclassified out of AOCI 8 (24) — — (16) Other comprehensive income (loss), net of tax 28 (61) — — (33) Balance as of April 30, 2023 $ (47) $ (113) $ (88) $ 13 $ (235) 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 31, 2021 $ (1) $ (103) $ (169) $ 13 $ (260) Other comprehensive income (loss) before reclassifications (38) 46 — — 8 Amounts reclassified out of AOCI (10) (13) — — (23) Other comprehensive income (loss), net of tax (48) 33 — — (15) Balance as of May 1, 2022 $ (49) $ (70) $ (169) $ 13 $ (275) The tax effects on net income of amounts reclassified from AOCI for the three and six months ended April 30, 2023 and May 1, 2022 were not material. Stock Repurchase Program In March 2023, our Board of Directors approved a common stock repurchase program authorizing $10.0 billion in repurchases, which supplemented the previously existing $6.0 billion authorization approved in March 2022. As of April 30, 2023, approximately $13.9 billion remained available for future stock repurchases under the repurchase program. The following table summarizes our stock repurchases for the three and six months ended April 30, 2023 and May 1, 2022: Three Months Ended Six Months Ended April 30, May 1, April 30, May 1, (in millions, except per share amount) Shares of common stock repurchased 7 15 9 27 Cost of stock repurchased * $ 804 $ 1,800 $ 1,054 $ 3,603 Average price paid per share * $ 115.53 $ 124.84 $ 112.39 $ 134.54 ___________________________ * Effective January 1, 2023, amounts include the 1% surcharge on stock repurchases under the Inflation Reduction Act’s excise tax. This excise tax is recorded in equity and reduces the amount available under the repurchase program, as applicable. We record 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 we reissue treasury stock at an amount below our 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 2023 and December 2022, our Board of Directors declared quarterly cash dividends, in the amount of $0.32 and $0.26 per share, respectively. The dividend declared in March 2023 is payable in June 2023. Dividends paid during the six months ended April 30, 2023 and May 1, 2022 totaled $439 million and $425 million, respectively. We currently anticipate 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 our 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 our stockholders. Share-Based Compensation We have a stockholder-approved equity plan, the Employee Stock Incentive Plan (ESIP), which permits grants to employees of share-based awards, including stock options, stock appreciation rights, restricted stock, restricted stock units, performance share units and performance units. In addition, the plan provides for the automatic grant of restricted stock units to non-employee directors and permits the grant of share-based awards to non-employee directors and consultants. Share-based awards made under the plan may be subject to accelerated vesting under certain circumstances in the event of a change in control. In addition, we have an Omnibus Employees’ Stock Purchase Plan (ESPP), which enables eligible employees to purchase our common stock. During the three and six months ended April 30, 2023 and May 1, 2022, we recognized share-based compensation expense related to 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 30, May 1, April 30, May 1, (In millions) Cost of products sold $ 42 $ 36 $ 96 $ 78 Research, development and engineering 41 37 95 80 Marketing and selling 12 12 29 26 General and administrative 18 16 41 35 Total share-based compensation $ 113 $ 101 $ 261 $ 219 The cost associated with share-based awards is recognized over the awards’ service period for the entire award on a straight-line basis, adjusting for estimated forfeitures. We calculate estimated forfeiture rate on an annual basis, based on historical forfeiture activities. Share-based awards granted to certain members of senior management allow for 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 performance and/or market goals, is recognized for each tranche over the service period. The cost of the portion of performance-based equity awards subject to performance goals is recognized based on an assessment of the likelihood that the applicable performance goals will be achieved, and the cost of the portion of performance-based equity awards subject to market goals is recognized based on the assumption of 100% achievement of the goal. As of April 30, 2023, we had $947 million in total unrecognized compensation expense, net of estimated forfeitures, related to grants of share-based awards under the ESIP and shares issued under the ESPP, which will be recognized over a weighted average period of 2.8 years. As of April 30, 2023, there were 25 million shares available for grant of share-based awards under the ESIP, and an additional 13 million shares available for issuance under the ESPP. Restricted Stock Units, Restricted Stock, Performance Share Units and Performance Units A summary of the changes in restricted stock units, restricted stock, performance share units and performance units outstanding under our equity compensation plans during the six months ended April 30, 2023 is presented below: Shares Weighted Average (In millions, except per share amounts) Outstanding as of October 30, 2022 11 $ 92.31 Granted 6 $ 102.32 Vested (5) $ 71.09 Canceled — $ 104.59 Outstanding as of April 30, 2023 12 $ 104.42 As of April 30, 2023, 0.8 million additional performance-based awards could be earned based upon achievement of certain levels of specified performance and/or market goals. During the first quarter of fiscal 2023, certain members of senior management 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 the TSR of the companies in the Standard & Poor's 500 Index. Each of these two metrics will be weighted 50% and will be measured over a three-year period. The awards become eligible to vest only if the goals are achieved and will vest only if the grantee remains employed by us through each applicable vesting date, subject to a qualifying retirement based on age and years of service. 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-year performance period in the event of a qualifying retirement. The fair value of the portion of the awards subject to targeted levels of adjusted operating margin is estimated on the date of grant. If the performance goals are not met as of the end of the performance period, no compensation expense is recognized and any previously recognized compensation expense is reversed. The expected cost is based on the portion of the awards that is probable to vest and is reflected over the service period and reduced for estimated forfeitures. The fair value of the portion of the awards subject to targeted levels of relative TSR 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 our common stock through payroll deductions at a price equal to 85 percent of the lower of the fair market value of our common stock at the beginning or end of each 6-month purchase period, subject to certain limits. Our purchasing cycles begin in March and September of each of fiscal year. We issued a total of 1 million shares in the three and six months ended April 30, 2023 and a total of 1 million shares in the three and six months ended May 1, 2022. 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 30, May 1, Dividend yield 1.09% 0.74% Expected volatility 43.3% 45.2% Risk-free interest rate 5.14% 0.60% Expected life (in years) 0.5 0.5 Weighted average estimated fair value $32.47 $35.79

Income Taxes

Income Taxes	6 Months Ended
	Apr. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our 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 vary from period to period, such as changes in income tax laws and the resolution of prior years’ income tax filings. Our effective tax rates for the second quarter of fiscal 2023 and 2022 were 11.4 percent and 17.6 percent, respectively. The effective tax rate for the second quarter of fiscal 2023 was lower than the same period in the prior fiscal year primarily due to a reduction of deferred tax assets related to a new tax incentive in Singapore in fiscal 2022. Our effective tax rates for the first six months of fiscal 2023 and 2022 were 11.9 percent and 12.2 percent, respectively. The effective tax rate for the first six months of fiscal 2023 was lower than the same period in the prior fiscal year primarily due to a reduction of deferred tax assets related to a new tax incentive in Singapore in fiscal 2022, offset in part by larger excess tax benefits from share-based compensation in fiscal 2022.

Warranty, Guarantees, Commitmen

Warranty, Guarantees, Commitments and Contingencies	6 Months Ended
	Apr. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Warranty, Guarantees, Commitments and Contingencies	Warranty, Guarantees, Commitments and Contingencies Warranty Changes in the warranty reserves are presented below: Three Months Ended Six Months Ended April 30 May 1 April 30 May 1 (In millions) Beginning balance $ 302 $ 254 $ 286 $ 242 Warranties issued 62 61 124 125 Change in reserves related to preexisting warranty (2) 2 2 5 Consumption of reserves (52) (55) (102) (110) Ending balance $ 310 $ 262 $ 310 $ 262 Our 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, we provide standby letters of credit or other guarantee instruments to third parties as required for certain transactions initiated by either us or our subsidiaries. As of April 30, 2023, the maximum potential amount of future payments that we could be required to make under these guarantee agreements was approximately $592 million. We have not recorded any liability in connection with these guarantee agreements beyond that required to appropriately account for the underlying transaction being guaranteed. We do 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. We also have agreements with various banks to facilitate subsidiary banking operations worldwide, including overdraft arrangements, issuance of bank guarantees, and letters of credit. As of April 30, 2023, we have provided parent guarantees to banks for approximately $298 million to cover these arrangements. Legal Matters From time to time, we receive notification from third parties, including customers and suppliers, seeking indemnification, litigation support, payment of money or other actions by us in connection with claims made against them. In addition, from time to time, we receive notification from third parties claiming that we may be or are infringing or misusing their intellectual property or other rights. We also are subject to various other legal proceedings, regulatory investigations or inquiries, and claims, both asserted and unasserted, that arise in the ordinary course of business. These matters are subject to uncertainties, and we cannot predict the outcome of these matters, or governmental inquiries or proceedings that may occur. Although the outcome of the above-described matters, claims and proceedings cannot be predicted with certainty, we do not believe at this time that any of these matters will have a material effect on our consolidated financial condition or results of operations.

Industry Segment Operations

Industry Segment Operations	6 Months Ended
	Apr. 30, 2023
Segment Reporting [Abstract]
Industry Segment Operations	Industry Segment Operations Our three reportable segments are: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. As defined under the accounting literature, our 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 our management organization structure as of April 30, 2023 and the distinctive nature of each segment. Future changes to this internal financial structure may result in changes to our reportable segments. The Semiconductor Systems reportable segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, certain remanufactured earlier generation equipment and factory automation software for semiconductor, display and other products. The Display and Adjacent Markets segment includes products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), equipment upgrades and other display technologies for TVs, monitors, laptops, personal computers, smart phones, other consumer-oriented devices and solar energy cells. Each operating segment is separately managed and has separate financial results that are reviewed by our 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 our chief operating decision-maker. The chief operating decision-maker does not evaluate operating segments using total asset information. We derive the segment results directly from our internal management reporting system. The accounting policies we use 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 our 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, we do not allocate to our reportable segments restructuring, severance and asset impairment charges and any associated adjustments related to restructuring actions, unless these actions pertain to a specific reportable segment. Segment operating income also excludes interest income/expense and other financial charges and income taxes. Management does not consider the unallocated costs in measuring the performance of the reportable segments. 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 30, 2023: Semiconductor Systems $ 4,977 $ 1,764 $ 10,139 $ 3,681 Applied Global Services 1,428 414 2,797 797 Display and Adjacent Markets 168 21 335 29 Corporate and Other 57 (288) 98 (626) Total $ 6,630 $ 1,911 $ 13,369 $ 3,881 May 1, 2022: Semiconductor Systems $ 4,458 $ 1,648 $ 9,025 $ 3,419 Applied Global Services 1,383 422 2,703 825 Display and Adjacent Markets 381 81 747 157 Corporate and Other 23 (257) 41 (531) Total $ 6,245 $ 1,894 $ 12,516 $ 3,870 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 30, May 1, Change April 30, May 1, Change (In millions, except percentages) China $ 1,405 21 % $ 2,133 34 % (34) % $ 2,550 19 % $ 4,120 33 % (38) % Korea 1,583 24 % 968 16 % 64 % 2,876 22 % 2,089 17 % 38 % Taiwan 1,435 22 % 1,408 23 % 2 % 3,403 25 % 2,657 21 % 28 % Japan 460 7 % 407 6 % 13 % 916 7 % 968 8 % (5) % Southeast Asia 157 2 % 138 2 % 14 % 410 3 % 363 3 % 13 % Asia Pacific 5,040 76 % 5,054 81 % — % 10,155 76 % 10,197 82 % — % United States 1,113 17 % 702 11 % 59 % 2,164 16 % 1,549 12 % 40 % Europe 477 7 % 489 8 % (2) % 1,050 8 % 770 6 % 36 % Total $ 6,630 100 % $ 6,245 100 % 6 % $ 13,369 100 % $ 12,516 100 % 7 % Net sales for Semiconductor Systems by end use application for the periods indicated were as follows: Three Months Ended Six Months Ended April 30, May 1, April 30, May 1, Foundry, logic and other 84 % 65 % 81 % 63 % Dynamic random-access memory (DRAM) 11 % 21 % 12 % 23 % Flash memory 5 % 14 % 7 % 14 % 100 % 100 % 100 % 100 % The reconciling items included in Corporate and Other were as follows: Three Months Ended Six Months Ended April 30, May 1, April 30, May 1, (In millions) Unallocated net sales $ 57 $ 23 $ 98 $ 41 Unallocated cost of products sold and expenses (232) (179) (463) (357) Share-based compensation (113) (101) (261) (219) Severance and related charges — — — 4 Total $ (288) $ (257) $ (626) $ (531) The following customers accounted for at least 10 percent of our net sales for the six months ended April 30, 2023, and sales to these customers included products and services from multiple reportable segments. Percentage of Net Sales Taiwan Semiconductor Manufacturing Company Limited 23 % Samsung Electronics Co., Ltd. 19 %

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Apr. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	In the opinion of our management, the unaudited interim consolidated condensed financial statements of Applied Materials, Inc. and its subsidiaries (we, us, and our) included herein have been prepared on a basis consistent with the October 30, 2022 audited consolidated financial statements and include all material adjustments, consisting of normal recurring adjustments, necessary to fairly state 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 our Annual Report on Form 10-K for the fiscal year ended October 30, 2022 (2022 Form 10-K). 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. Our results of operations for the three and six months ended April 30, 2023 are not necessarily indicative of future operating results. Our fiscal year ends on the last Sunday in October of each year. Fiscal 2023 and 2022 contain 52 weeks each and the first six months of fiscal 2023 and 2022 each contained 26 weeks.
Recent Accounting Pronouncements	Accounting Standards Not Yet Adopted Disclosures by Business Entities about Government Assistance. In November 2021, the Financial Accounting Standard Board (FASB) issued an accounting standard update which requires annual disclosures related to certain government assistance received by business entities (Topic 832) including (1) the types of assistance, (2) the entity’s accounting for the assistance, and (3) the effect of the assistance on an entity’s financial statements. This authoritative guidance is effective for us in our fiscal 2023 Form 10-K. The adoption of this authoritative guidance is not expected to have a significant impact to our financial results and only impacts the disclosures in our notes to consolidated financial statements. Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. In June 2022, the FASB issued an accounting standard update which clarifies how the fair value of equity securities subject to contractual sale restrictions is determined (Topic 820). The amendment clarifies that a contractual sale restriction should not be considered in measuring fair value. It also requires certain qualitative and quantitative disclosures related to equity securities subject to contractual sale restrictions. This authoritative guidance will be effective for us in the first quarter of fiscal 2025, with early adoption permitted. We are currently evaluating the effect of this new guidance on our consolidated condensed financial statements. Contract Assets and Contract Liabilities from Revenue Contracts with Customers in a Business Combination. In October 2021, the FASB issued an accounting standard update to improve the accounting for contract assets and contract liabilities from revenue contracts with customers in a business combination (Topic 805). This amendment improves comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. This authoritative guidance will be effective for us in the first quarter of fiscal 2024, with early adoption permitted. We are currently evaluating the effect of this new guidance on our consolidated condensed financial statements.
Fair Value Measurement	Our 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. Our 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 We use 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. Our 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, we use 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, we generally obtain non-binding price quotes from brokers. In addition, to validate pricing information obtained from pricing services, we periodically perform supplemental analysis on a sample of securities. We review any significant unanticipated differences identified through this analysis to determine the appropriate fair value. As of April 30, 2023, substantially all of our available-for-sale, short-term and long-term investments were recognized at fair value that was determined based upon observable inputs or quoted prices. Our 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.
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 Our equity investments without readily determinable values consist of equity investments in privately-held companies. We elected the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes on a prospective basis for certain equity investments without readily determinable fair values and is required to account for any subsequent observable changes in fair value within the statements of operations. These investments are classified as Level 3 within the fair value hierarchy and periodically assessed for impairment when an event or circumstance indicates that a decline in value may have occurred. Impairment losses on equity investments in privately-held companies were $117 million during the three and six months ended April 30, 2023 and were not material during the three and six months ended May 1, 2022. These impairment losses are included in interest and other income (expense), net in the Consolidated Condensed Statement of Operations.
Derivatives	We do not use derivative financial instruments for trading or speculative purposes. Derivative instruments and hedging activities, including foreign exchange and interest rate contracts, are recognized on the balance sheet at fair value. Changes in the fair value of derivatives that do not qualify for hedge accounting treatment are recognized currently in earnings. All of our derivative financial instruments are recorded at their fair value in other current assets or in accounts payable and accrued expenses.
Revenue Recognition from Contracts with Customers	Contract Balances and Performance Obligations Contract Assets and Liabilities Contract assets primarily result from receivables for goods transferred to customers where payment is conditional upon technical sign off and not just the passage of time. Contract liabilities consist of unsatisfied performance obligations related to advance payments received and billings in excess of revenue recognized. Our 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.
Goodwill and Purchased Intangible Assets	Goodwill and 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. Goodwill As of April 30, 2023, our reporting units include Semiconductor Products Group and Imaging and Process Control Group, Applied Global Services, Display and Adjacent Markets and other reporting units recorded under Corporate and Other. The Semiconductor Products Group and Imaging and Process Control Group combine to form the Semiconductor Systems reporting segment.
Finite-Lived Purchased Intangible Assets	The increase in intangible assets during the first six months of fiscal 2023 was primarily due to the preliminary purchase accounting for an acquisition during the first quarter of fiscal 2023, which was not material to our results of operations. Intangible assets with indefinite lives that are not subject to amortization consist primarily of in-process technology, which will be subject to amortization upon commercialization. If an in-process technology project is abandoned, the acquired technology attributable to the project will be written-off.
Leases	As implicit rates are not available for the leases, we use 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. Finance lease expense is generally recognized on a straight-line basis over the life of the underlying leased asset.
Treasury Stock	We record 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 we reissue treasury stock at an amount below our 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 is recognized over the awards’ service period for the entire award on a straight-line basis, adjusting for estimated forfeitures. We calculate estimated forfeiture rate on an annual basis, based on historical forfeiture activities. Share-based awards granted to certain members of senior management allow for 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 performance and/or market goals, is recognized for each tranche over the service period. The cost of the portion of performance-based equity awards subject to performance goals is recognized based on an assessment of the likelihood that the applicable performance goals will be achieved, and the cost of the portion of performance-based equity awards subject to market goals is recognized based on 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.
Performance Based Awards	During the first quarter of fiscal 2023, certain members of senior management 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 the TSR of the companies in the Standard & Poor's 500 Index. Each of these two metrics will be weighted 50% and will be measured over a three-year period. The awards become eligible to vest only if the goals are achieved and will vest only if the grantee remains employed by us through each applicable vesting date, subject to a qualifying retirement based on age and years of service. 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-year performance period in the event of a qualifying retirement.
Warranty	Our 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.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Policies)	6 Months Ended
	Apr. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	We do not use derivative financial instruments for trading or speculative purposes. Derivative instruments and hedging activities, including foreign exchange and interest rate contracts, are recognized on the balance sheet at fair value. Changes in the fair value of derivatives that do not qualify for hedge accounting treatment are recognized currently in earnings. All of our derivative financial instruments are recorded at their fair value in other current assets or in accounts payable and accrued expenses.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Apr. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three Months Ended Six Months Ended April 30, May 1, April 30, May 1, (In millions, except per share amounts) Numerator: Net income $ 1,575 $ 1,536 $ 3,292 $ 3,328 Denominator: Weighted average common shares outstanding 843 878 844 883 Effect of weighted dilutive restricted stock units and employee stock purchase plan shares 4 5 4 7 Denominator for diluted earnings per share 847 883 848 890 Basic earnings per share $ 1.87 $ 1.75 $ 3.90 $ 3.77 Diluted earnings per share $ 1.86 $ 1.74 $ 3.88 $ 3.74 Potentially weighted dilutive securities 2 3 2 —

Cash, Cash Equivalents and In_2

Cash, Cash Equivalents and Investments (Tables)	6 Months Ended
	Apr. 30, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Cash, Cash Equivalents and Investments	The following tables summarize our cash, cash equivalents and investments by security type: April 30, 2023 Cost Gross Gross Estimated (In millions) Cash $ 1,429 $ — $ — $ 1,429 Cash equivalents: Money market funds * 2,309 — — 2,309 Commercial paper, corporate bonds and medium-term notes 850 — — 850 Total Cash equivalents 3,159 — — 3,159 Total Cash and Cash equivalents $ 4,588 $ — $ — $ 4,588 Short-term and long-term investments: Bank certificates of deposit and time deposits $ 11 $ — $ — $ 11 U.S. Treasury and agency securities 430 — 8 422 Non-U.S. government securities ** 7 — — 7 Municipal securities 430 1 9 422 Commercial paper, corporate bonds and medium-term notes 572 1 13 560 Asset-backed and mortgage-backed securities 436 — 13 423 Total fixed income securities 1,886 2 43 1,845 Publicly traded equity securities 80 42 13 109 Equity investments in privately-held companies 510 78 8 580 Total equity investments 590 120 21 689 Total short-term and long-term investments $ 2,476 $ 122 $ 64 $ 2,534 Total Cash, Cash equivalents and Investments $ 7,064 $ 122 $ 64 $ 7,122 _________________________ *Excludes restricted cash equivalents invested in money market funds related to deferred compensation plans **Includes Canadian provincial government debt October 30, 2022 Cost Gross Gross Estimated (In millions) Cash $ 1,199 $ — $ — $ 1,199 Cash equivalents: Money market funds * 660 — — 660 U.S. Treasury and agency securities 4 — — 4 Municipal securities 13 — — 13 Commercial paper, corporate bonds and medium-term notes 119 — — 119 Total Cash equivalents 796 — — 796 Total Cash and Cash equivalents $ 1,995 $ — $ — $ 1,995 Short-term and long-term investments: Bank certificates of deposit $ 7 $ — $ — $ 7 U.S. Treasury and agency securities 435 — 13 422 Non-U.S. government securities ** 7 — 1 6 Municipal securities 389 — 16 373 Commercial paper, corporate bonds and medium-term notes 595 — 21 574 Asset-backed and mortgage-backed securities 432 — 19 413 Total fixed income securities 1,865 — 70 1,795 Publicly traded equity securities 85 63 26 122 Equity investments in privately-held companies 567 86 4 649 Total equity investments 652 149 30 771 Total short-term and long-term investments $ 2,517 $ 149 $ 100 $ 2,566 Total Cash, Cash equivalents and Investments $ 4,512 $ 149 $ 100 $ 4,561 _________________________ *Excludes restricted cash equivalents invested in money market funds related to deferred compensation plans **Includes Canadian provincial government debt
Schedule of Contractual Maturities of Investments	The following table summarizes the contractual maturities of our investments as of April 30, 2023: Cost Estimated (In millions) Due in one year or less $ 487 $ 482 Due after one through five years 964 941 No single maturity date** 1,025 1,111 Total $ 2,476 $ 2,534 _________________________ ** Securities with no single maturity date include publicly-traded and privately-held equity securities and asset-backed and mortgage-backed securities.
Schedule of Components of Gain (Loss) on Equity Investment	The components of gain (loss) on equity investments for the three and six months ended April 30, 2023 and May 1, 2022 were as follows: Three Months Ended Six Months Ended April 30, May 1, April 30, May 1, (In millions) Publicly traded equity securities Unrealized gain $ 1 $ 17 $ 19 $ 18 Unrealized loss (11) (2) (27) (10) Realized gain on sales 1 — 1 2 Realized loss on sales (1) — (2) — Equity investments in privately-held companies Unrealized gain 8 13 12 25 Unrealized loss (9) — (11) — Realized gain on sales — 2 5 2 Realized loss on sales and impairment (117) — (117) (4) Total gain (loss) on equity investments, net $ (128) $ 30 $ (120) $ 33

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis	Financial assets (excluding cash balances) measured at fair value on a recurring basis are summarized below: April 30, 2023 October 30, 2022 Level 1 Level 2 Total Level 1 Level 2 Total (In millions) Assets: Available-for-sale debt security investments Money market funds* $ 2,416 $ — $ 2,416 $ 765 $ — $ 765 Bank certificates of deposit and time deposits — 11 11 — 7 7 U.S. Treasury and agency securities 371 51 422 404 22 426 Non-U.S. government securities — 7 7 — 6 6 Municipal securities — 422 422 — 386 386 Commercial paper, corporate bonds and medium-term notes — 1,410 1,410 — 693 693 Asset-backed and mortgage-backed securities — 423 423 — 413 413 Total available-for-sale debt security investments $ 2,787 $ 2,324 $ 5,111 $ 1,169 $ 1,527 $ 2,696 Equity investments with readily determinable values Publicly traded equity securities $ 109 $ — $ 109 $ 122 $ — $ 122 Total equity investments with readily determinable values $ 109 $ — $ 109 $ 122 $ — $ 122 Total $ 2,896 $ 2,324 $ 5,220 $ 1,291 $ 1,527 $ 2,818 _________________________ deferred income taxes and other assets

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Apr. 30, 2023
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 30, May 1, April 30, May 1, (In millions) Derivatives in Cash Flow Hedging Relationships: Foreign exchange contracts $ 2 $ 54 $ (47) $ 59 Total $ 2 $ 54 $ (47) $ 59
Schedule of 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 30, 2023 May 1, 2022 Derivatives in Cash Flow Hedging Relationships Derivatives in Cash Flow Hedging Relationships Total Amount Presented in the Consolidated Condensed Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amount of Gain (Loss) Excluded from Effectiveness Testing Total Amount Presented in the Consolidated Condensed Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amount of Gain (Loss) Excluded from Effectiveness Testing (In millions) Foreign Exchange Contracts: Net Sales $ 6,630 $ 14 $ — $ 6,245 $ 14 $ — Cost of products sold $ 3,536 — — $ 3,318 (1) — Research, development and engineering $ 775 (3) — $ 686 (1) (1) Marketing and selling $ 194 — — $ 173 (1) — General and administrative $ 214 (1) — $ 174 — — Interest Rate Contracts: Interest expense $ 61 (3) — $ 58 (3) — $ 7 $ — $ 8 $ (1) Six Months Ended April 30, 2023 May 1, 2022 Derivatives in Cash Flow Hedging Relationships Derivatives in Cash Flow Hedging Relationships Total Amount Presented in the Consolidated Condensed Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amount of Gain (Loss) Excluded from Effectiveness Testing Total Amount Presented in the Consolidated Condensed Statement of Operations in which the Effects of Cash Flow Hedges are Recorded Amount of Gain or (Loss) Amount of Gain (Loss) Excluded from Effectiveness Testing (In millions) Foreign Exchange Contracts: Net Sales $ 13,369 $ 39 $ — $ 12,516 $ 27 $ — Cost of products sold $ 7,130 2 — $ 6,630 (3) — Research, development and engineering $ 1,546 (3) — $ 1,340 — (1) Marketing and selling $ 391 — — $ 340 (1) — General and administrative $ 421 (1) — $ 340 — — Interest Rate Contracts: Interest expense $ 120 (6) — $ 115 (6) — $ 31 $ — $ 17 $ (1)
Schedule of 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 30, May 1, April 30, May 1, (In millions) Derivatives Not Designated as Hedging Instruments Foreign exchange contracts Interest and other income, net $ 12 $ 20 $ (36) $ 20 Total return swaps - deferred compensation Cost of products sold — (1) 1 (2) Total return swaps - deferred compensation Operating expenses 2 (12) 14 (19) Total return swaps - deferred compensation Interest and other income, net (2) — (4) — Total $ 12 $ 7 $ (25) $ (1)

Contract Balances and Perform_2

Contract Balances and Performance Obligations (Tables)	6 Months Ended
	Apr. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Contract Balances	Contract balances at the end of each reporting period were as follows: April 30, 2023 October 30, 2022 (In millions) Contract assets $ 185 $ 173 Contract liabilities $ 3,373 $ 3,142

Balance Sheet Detail (Tables)

Balance Sheet Detail (Tables)	6 Months Ended
	Apr. 30, 2023
Balance Sheet Detail [Abstract]
Schedule of Inventories	April 30, October 30, (In millions) Inventories Customer service spares $ 1,567 $ 1,409 Raw materials 1,833 1,807 Work-in-process 1,064 1,029 Finished goods Deferred cost of sales 541 704 Evaluation inventory 415 422 Manufactured on-hand inventory 520 561 Total finished goods 1,476 1,687 Total inventories $ 5,940 $ 5,932
Schedule of Other Current Assets	April 30, October 30, (In millions) Other Current Assets Prepaid income taxes and income taxes receivable $ 417 $ 461 Prepaid expenses and other 802 883 $ 1,219 $ 1,344
Schedule of Property, Plant and Equipment, Net	Useful Life April 30, October 30, (In years) (In millions) Property, Plant and Equipment, Net Land and improvements $ 387 $ 387 Buildings and improvements 3-30 2,118 2,027 Demonstration and manufacturing equipment 3-5 2,195 2,083 Furniture, fixtures and other equipment 3-5 745 743 Construction in progress 617 389 Gross property, plant and equipment 6,062 5,629 Accumulated depreciation (3,503) (3,322) $ 2,559 $ 2,307
Schedule of Deferred Income Taxes and Other Assets	April 30, October 30, (In millions) Deferred Income Taxes and Other Assets Non-current deferred income taxes $ 1,678 $ 1,395 Operating lease right-of-use assets 389 389 Finance lease right-of-use assets 109 — Income tax receivables and other assets 521 691 $ 2,697 $ 2,475
Schedule of Accounts Payable and Accrued Expenses	April 30, October 30, (In millions) Accounts Payable and Accrued Expenses Accounts payable $ 1,468 $ 1,755 Compensation and employee benefits 680 905 Warranty 310 286 Dividends payable 269 220 Income taxes payable 836 319 Other accrued taxes 30 30 Interest payable 39 39 Operating lease liabilities, current 90 85 Finance lease liabilities, current 15 — Other 562 598 $ 4,299 $ 4,237
Schedule of Other Liabilities	April 30, October 30, (In millions) Other Liabilities Defined and postretirement benefit plans $ 117 $ 107 Operating lease liabilities, non-current 273 287 Finance lease liabilities, non-current 86 — Other 335 338 $ 811 $ 732

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Details of goodwill as of April 30, 2023 and October 30, 2022 were as follows: April 30, October 30, (In millions) Goodwill by reportable segment Semiconductor Systems $ 2,439 $ 2,428 Applied Global Services 1,032 1,032 Display and Adjacent Markets 199 199 Corporate and Other 41 41 $ 3,711 $ 3,700
Schedule of Finite-Lived Intangible Assets	Details of intangible assets other than goodwill were as follows: April 30, 2023 October 30, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In millions) Intangible assets with finite lives: Semiconductor Systems $ 1,997 $ (1,694) $ 303 $ 1,985 $ (1,675) $ 310 Applied Global Services 79 (78) 1 79 (77) 2 Display and Adjacent Markets 194 (194) — 194 (194) — Corporate and Other 36 (29) 7 36 (26) 10 Total intangible assets with finite lives $ 2,306 $ (1,995) $ 311 $ 2,294 $ (1,972) $ 322 Intangible assets with indefinite lives: Semiconductor Systems $ 16 $ — $ 16 $ 16 $ — $ 16 Corporate and Other 1 — 1 1 — 1 Total intangible assets with indefinite lives $ 17 $ — $ 17 $ 17 $ — $ 17 Total intangible assets $ 2,323 $ (1,995) $ 328 $ 2,311 $ (1,972) $ 339
Schedule of Future Estimated Amortization Expense	As of April 30, 2023, future estimated amortization expense of intangible assets with finite lives is expected to be as follows: Amortization Expense (In millions) 2023 (remaining 6 months) $ 22 2024 41 2025 40 2026 38 2027 25 Thereafter 145 Total $ 311

Borrowing Facilities and Debt (

Borrowing Facilities and Debt (Tables)	6 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt Outstanding	Debt outstanding as of April 30, 2023 and October 30, 2022 was as follows: Principal Amount April 30, October 30, Effective Interest (In millions) Long-term debt: 3.900% Senior Notes Due 2025 $ 700 $ 700 3.944% April 1, October 1 3.300% Senior Notes Due 2027 1,200 1,200 3.342% April 1, October 1 1.750% Senior Notes Due 2030 750 750 1.792% June 1, December 1 5.100% Senior Notes Due 2035 500 500 5.127% April 1, October 1 5.850% Senior Notes Due 2041 600 600 5.879% June 15, December 15 4.350% Senior Notes Due 2047 1,000 1,000 4.361% April 1, October 1 2.750% Senior Notes Due 2050 750 750 2.773% June 1, December 1 5,500 5,500 Total unamortized discount (11) (12) Total unamortized debt issuance costs (30) (31) Total long-term debt $ 5,459 $ 5,457

Leases (Tables)

Leases (Tables)	6 Months Ended
	Apr. 30, 2023
Leases [Abstract]
Schedule of Lease Expense	The components of lease expense and supplemental information were as follows: Three Months Ended Six Months Ended April 30, May 1, April 30, May 1, (In millions, except percentages) Operating lease cost $ 39 $ 22 $ 65 $ 43 Finance lease cost: Amortization of right-of-use assets $ 1 $ — Interest on lease liabilities $ 1 $ — Weighted-average remaining lease term (in years) - operating leases 6.1 6.4 Weighted-average remaining lease term (in years) - finance leases 1.4 n/a Weighted-average discount rate - operating leases 2.7% 2.8% Weighted-average discount rate - finance leases 4.6% n/a Six Months Ended April 30, 2023 May 1, (In millions) Operating cash flows paid for operating leases $ 65 $ 43 Operating cash flows paid for finance leases $ 1 $ — Financing cash flows paid for finance leases $ 9 $ — Right-of-use assets obtained in exchange for operating lease liabilities $ 50 $ 139 Right-of-use assets obtained in exchange for finance lease liabilities $ 109 $ —
Schedule of Operating Lease, Maturities of Lease Liabilities	As of April 30, 2023, the maturities of lease liabilities are as follows: Operating Leases Finance Leases Fiscal (In millions) 2023 (remaining 6 months) $ 51 — 2024 92 106 2025 72 — 2026 39 — 2027 30 — Thereafter 115 — Total lease payments $ 399 $ 106 Less imputed interest (36) (5) Total $ 363 $ 101
Schedule of finance lease maturities	As of April 30, 2023, the maturities of lease liabilities are as follows: Operating Leases Finance Leases Fiscal (In millions) 2023 (remaining 6 months) $ 51 — 2024 92 106 2025 72 — 2026 39 — 2027 30 — Thereafter 115 — Total lease payments $ 399 $ 106 Less imputed interest (36) (5) Total $ 363 $ 101

Stockholders' Equity, Compreh_2

Stockholders' Equity, Comprehensive Income and Share-Based Compensation (Tables)	6 Months Ended
	Apr. 30, 2023
Equity [Abstract]
Schedule of Components of Accumulated Other Comprehensive Loss, After-Tax Basis	Changes in the components of accumulated other comprehensive income (AOCI), net of tax, were as follows: Unrealized Gain (Loss) on Investments, Net Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges Defined and Postretirement Benefit Plans Cumulative Translation Adjustments Total (in millions) Balance as of October 30, 2022 $ (75) $ (52) $ (88) $ 13 $ (202) Other comprehensive income (loss) before reclassifications 20 (37) — — (17) Amounts reclassified out of AOCI 8 (24) — — (16) Other comprehensive income (loss), net of tax 28 (61) — — (33) Balance as of April 30, 2023 $ (47) $ (113) $ (88) $ 13 $ (235) 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 31, 2021 $ (1) $ (103) $ (169) $ 13 $ (260) Other comprehensive income (loss) before reclassifications (38) 46 — — 8 Amounts reclassified out of AOCI (10) (13) — — (23) Other comprehensive income (loss), net of tax (48) 33 — — (15) Balance as of May 1, 2022 $ (49) $ (70) $ (169) $ 13 $ (275)
Schedule of Stock Repurchases	The following table summarizes our stock repurchases for the three and six months ended April 30, 2023 and May 1, 2022: Three Months Ended Six Months Ended April 30, May 1, April 30, May 1, (in millions, except per share amount) Shares of common stock repurchased 7 15 9 27 Cost of stock repurchased * $ 804 $ 1,800 $ 1,054 $ 3,603 Average price paid per share * $ 115.53 $ 124.84 $ 112.39 $ 134.54 ___________________________
Schedule of 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 30, May 1, April 30, May 1, (In millions) Cost of products sold $ 42 $ 36 $ 96 $ 78 Research, development and engineering 41 37 95 80 Marketing and selling 12 12 29 26 General and administrative 18 16 41 35 Total share-based compensation $ 113 $ 101 $ 261 $ 219
Schedule of Restricted Stock Units And Restricted Stock Activity	A summary of the changes in restricted stock units, restricted stock, performance share units and performance units outstanding under our equity compensation plans during the six months ended April 30, 2023 is presented below: Shares Weighted Average (In millions, except per share amounts) Outstanding as of October 30, 2022 11 $ 92.31 Granted 6 $ 102.32 Vested (5) $ 71.09 Canceled — $ 104.59 Outstanding as of April 30, 2023 12 $ 104.42
Schedule of Employee Stock Purchase Plan	Underlying assumptions used in the model are outlined in the following table: Three and Six Months Ended April 30, May 1, Dividend yield 1.09% 0.74% Expected volatility 43.3% 45.2% Risk-free interest rate 5.14% 0.60% Expected life (in years) 0.5 0.5 Weighted average estimated fair value $32.47 $35.79

Warranty, Guarantees, Commitm_2

Warranty, Guarantees, Commitments and Contingencies (Tables)	6 Months Ended
	Apr. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Changes in The Warranty Reserves	Changes in the warranty reserves are presented below: Three Months Ended Six Months Ended April 30 May 1 April 30 May 1 (In millions) Beginning balance $ 302 $ 254 $ 286 $ 242 Warranties issued 62 61 124 125 Change in reserves related to preexisting warranty (2) 2 2 5 Consumption of reserves (52) (55) (102) (110) Ending balance $ 310 $ 262 $ 310 $ 262

Industry Segment Operations (Ta

Industry Segment Operations (Tables)	6 Months Ended
	Apr. 30, 2023
Segment Reporting [Abstract]
Schedule of 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 30, 2023: Semiconductor Systems $ 4,977 $ 1,764 $ 10,139 $ 3,681 Applied Global Services 1,428 414 2,797 797 Display and Adjacent Markets 168 21 335 29 Corporate and Other 57 (288) 98 (626) Total $ 6,630 $ 1,911 $ 13,369 $ 3,881 May 1, 2022: Semiconductor Systems $ 4,458 $ 1,648 $ 9,025 $ 3,419 Applied Global Services 1,383 422 2,703 825 Display and Adjacent Markets 381 81 747 157 Corporate and Other 23 (257) 41 (531) Total $ 6,245 $ 1,894 $ 12,516 $ 3,870
Schedule of 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 30, May 1, Change April 30, May 1, Change (In millions, except percentages) China $ 1,405 21 % $ 2,133 34 % (34) % $ 2,550 19 % $ 4,120 33 % (38) % Korea 1,583 24 % 968 16 % 64 % 2,876 22 % 2,089 17 % 38 % Taiwan 1,435 22 % 1,408 23 % 2 % 3,403 25 % 2,657 21 % 28 % Japan 460 7 % 407 6 % 13 % 916 7 % 968 8 % (5) % Southeast Asia 157 2 % 138 2 % 14 % 410 3 % 363 3 % 13 % Asia Pacific 5,040 76 % 5,054 81 % — % 10,155 76 % 10,197 82 % — % United States 1,113 17 % 702 11 % 59 % 2,164 16 % 1,549 12 % 40 % Europe 477 7 % 489 8 % (2) % 1,050 8 % 770 6 % 36 % Total $ 6,630 100 % $ 6,245 100 % 6 % $ 13,369 100 % $ 12,516 100 % 7 %
Schedule of 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 30, May 1, April 30, May 1, Foundry, logic and other 84 % 65 % 81 % 63 % Dynamic random-access memory (DRAM) 11 % 21 % 12 % 23 % Flash memory 5 % 14 % 7 % 14 % 100 % 100 % 100 % 100 %
Schedule of Reconciliations of Total Segment Operating Income To Consolidated Operating Income (Loss)	The reconciling items included in Corporate and Other were as follows: Three Months Ended Six Months Ended April 30, May 1, April 30, May 1, (In millions) Unallocated net sales $ 57 $ 23 $ 98 $ 41 Unallocated cost of products sold and expenses (232) (179) (463) (357) Share-based compensation (113) (101) (261) (219) Severance and related charges — — — 4 Total $ (288) $ (257) $ (626) $ (531)
Schedule of Companies Accounted For At Least 10 Percent of Net Sales	The following customers accounted for at least 10 percent of our net sales for the six months ended April 30, 2023, and sales to these customers included products and services from multiple reportable segments. Percentage of Net Sales Taiwan Semiconductor Manufacturing Company Limited 23 % Samsung Electronics Co., Ltd. 19 %

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Numerator:
Net income	$ 1,575	$ 1,536	$ 3,292	$ 3,328
Denominator:
Weighted average common shares outstanding (in shares)	843	878	844	883
Effect of weighted dilutive restricted stock units and employee stock purchase plan shares (in shares)	4	5	4	7
Denominator for diluted earnings per share (in shares)	847	883	848	890
Basic earnings per share (in dollars per share)	$ 1.87	$ 1.75	$ 3.90	$ 3.77
Diluted earnings per share (in dollars per share)	$ 1.86	$ 1.74	$ 3.88	$ 3.74
Potentially dilutive securities (in shares)	2	3	2	0

Cash, Cash Equivalents and In_3

Cash, Cash Equivalents and Investments - Summary of Cash, Cash Equivalents and Investments (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Summary of Cash, Cash Equivalents and Investments
Cash	$ 1,429	$ 1,199
Total Cash equivalents	3,159	796
Total Cash and Cash equivalents	4,588	1,995	$ 3,331
Equity investments and equity securities without readily determinable, cost	590	652
Equity investments and equity securities without readily determinable, gross unrealized gains	120	149
Equity investments and equity securities without readily determinable, gross unrealized losses	21	30
Equity investments and equity securities without readily determinable, fair value	689	771
Total short-term and long-term investments cost	2,476	2,517
Gross unrealized gains on short-term and long-term investments	122	149
Gross unrealized losses on short-term and long-term investments	64	100
Total short-term and long-term investments	2,534	2,566
Cash, cash equivalents and investments, cost	7,064	4,512
Cash, cash equivalents and investments, gross unrealized gains	122	149
Cash, cash equivalents and investments, gross unrealized losses	64	100
Cash, cash equivalents and investments, estimated fair value	7,122	4,561
Total fixed income securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	1,886	1,865
Gross unrealized gains on fixed income securities	2	0
Gross unrealized losses on fixed income securities	43	70
Estimated fair value of fixed income securities	1,845	1,795
Bank certificates of deposit and time deposits
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	11
Gross unrealized gains on fixed income securities	0
Gross unrealized losses on fixed income securities	0
Estimated fair value of fixed income securities	11
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	430	435
Gross unrealized gains on fixed income securities	0	0
Gross unrealized losses on fixed income securities	8	13
Estimated fair value of fixed income securities	422	422
Non-U.S. government securities | CANADA
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	7	7
Gross unrealized gains on fixed income securities	0	0
Gross unrealized losses on fixed income securities	0	1
Estimated fair value of fixed income securities	7	6
Municipal securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	430	389
Gross unrealized gains on fixed income securities	1	0
Gross unrealized losses on fixed income securities	9	16
Estimated fair value of fixed income securities	422	373
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	572	595
Gross unrealized gains on fixed income securities	1	0
Gross unrealized losses on fixed income securities	13	21
Estimated fair value of fixed income securities	560	574
Asset-backed and mortgage-backed securities
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities	436	432
Gross unrealized gains on fixed income securities	0	0
Gross unrealized losses on fixed income securities	13	19
Estimated fair value of fixed income securities	423	413
Bank certificates of deposit
Summary of Cash, Cash Equivalents and Investments
Cost of fixed income securities		7
Gross unrealized gains on fixed income securities		0
Gross unrealized losses on fixed income securities		0
Estimated fair value of fixed income securities		7
Publicly traded equity securities
Summary of Cash, Cash Equivalents and Investments
Equity investments cost	80	85
Equity investments unrealized gain	42	63
Equity investments unrealized loss	13	26
Equity investments estimated fair value	109	122
Equity investments in privately-held companies
Summary of Cash, Cash Equivalents and Investments
Equity securities without readily determinable, cost	510	567
Equity securities without readily determinable, gross unrealized gains	78	86
Equity securities without readily determinable, gross unrealized losses	8	4
Equity securities without readily determinable, fair value	580	649
Money market funds*
Summary of Cash, Cash Equivalents and Investments
Total Cash equivalents	2,309	660
U.S. Treasury and agency securities
Summary of Cash, Cash Equivalents and Investments
Total Cash equivalents		4
Municipal securities
Summary of Cash, Cash Equivalents and Investments
Total Cash equivalents		13
Commercial paper, corporate bonds and medium-term notes
Summary of Cash, Cash Equivalents and Investments
Total Cash equivalents	$ 850	$ 119

Cash, Cash Equivalents and In_4

Cash, Cash Equivalents and Investments - Summary of Contractual Maturity (Details) $ in Millions	Apr. 30, 2023 USD ($)
Contractual maturities of investments
Due in one year or less, Cost	$ 487
Due after one through five years, Cost	964
No single maturity date, Cost	1,025
Total short-term and long-term investments cost	2,476
Due in one year or less, Estimated Fair Value	482
Due after one through five years, Estimated Fair Value	941
No single maturity date, Estimated Fair Value	1,111
Estimated fair value of short-term and long-term investments	$ 2,534

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. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Gain (Loss) on Securities [Line Items]
Total gain (loss) on equity investments, net	$ (128)	$ 30	$ (120)	$ 33
Publicly traded equity securities
Gain (Loss) on Securities [Line Items]
Unrealized gain	1	17	19	18
Unrealized loss	(11)	(2)	(27)	(10)
Realized gain on sales	1	0	1	2
Realized loss on sales and impairment	(1)	0	(2)	0
Equity investments in privately-held companies
Gain (Loss) on Securities [Line Items]
Unrealized gain	8	13	12	25
Unrealized loss	(9)	0	(11)	0
Realized gain on sales	0	2	5	2
Realized loss on sales and impairment	$ (117)	$ 0	$ (117)	$ (4)

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured at Fair Value (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Equity investments with readily determinable values
Restricted cash equivalents included in deferred income taxes and other assets	$ 107		$ 104
Restricted Cash Equivalents, Statement of Financial Position [Extensible Enumeration]	Deferred Income Taxes and Other Assets, Noncurrent	Deferred Income Taxes and Other Assets, Noncurrent
Money market funds*
Equity investments with readily determinable values
Restricted cash equivalents included in deferred income taxes and other assets	$ 107	$ 105
Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	11
U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	422	422
Municipal securities
Assets:
Available-for-sale debt security investments	422	373
Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	560	574
Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	423	413
Publicly traded equity securities
Equity investments with readily determinable values
Equity investments with readily determinable values	109	122
Recurring Fair Value Measurements
Assets:
Available-for-sale debt security investments	5,111	2,696
Equity investments with readily determinable values
Equity investments with readily determinable values	109	122
Total	5,220	2,818
Recurring Fair Value Measurements | Money market funds*
Assets:
Available-for-sale debt security investments	2,416	765
Recurring Fair Value Measurements | Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	11	7
Recurring Fair Value Measurements | U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	422	426
Recurring Fair Value Measurements | Non-U.S. government securities
Assets:
Available-for-sale debt security investments	7	6
Recurring Fair Value Measurements | Municipal securities
Assets:
Available-for-sale debt security investments	422	386
Recurring Fair Value Measurements | Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	1,410	693
Recurring Fair Value Measurements | Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	423	413
Recurring Fair Value Measurements | Publicly traded equity securities
Equity investments with readily determinable values
Equity investments with readily determinable values	109	122
Recurring Fair Value Measurements | Level 1
Assets:
Available-for-sale debt security investments	2,787	1,169
Equity investments with readily determinable values
Equity investments with readily determinable values	109	122
Total	2,896	1,291
Recurring Fair Value Measurements | Level 1 | Money market funds*
Assets:
Available-for-sale debt security investments	2,416	765
Recurring Fair Value Measurements | Level 1 | Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements | Level 1 | U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	371	404
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	109	122
Recurring Fair Value Measurements | Level 2
Assets:
Available-for-sale debt security investments	2,324	1,527
Equity investments with readily determinable values
Equity investments with readily determinable values	0	0
Total	2,324	1,527
Recurring Fair Value Measurements | Level 2 | Money market funds*
Assets:
Available-for-sale debt security investments	0	0
Recurring Fair Value Measurements | Level 2 | Bank certificates of deposit and time deposits
Assets:
Available-for-sale debt security investments	11	7
Recurring Fair Value Measurements | Level 2 | U.S. Treasury and agency securities
Assets:
Available-for-sale debt security investments	51	22
Recurring Fair Value Measurements | Level 2 | Non-U.S. government securities
Assets:
Available-for-sale debt security investments	7	6
Recurring Fair Value Measurements | Level 2 | Municipal securities
Assets:
Available-for-sale debt security investments	422	386
Recurring Fair Value Measurements | Level 2 | Commercial paper, corporate bonds and medium-term notes
Assets:
Available-for-sale debt security investments	1,410	693
Recurring Fair Value Measurements | Level 2 | Asset-backed and mortgage-backed securities
Assets:
Available-for-sale debt security investments	423	413
Recurring Fair Value Measurements | Level 2 | Publicly traded equity securities
Equity investments with readily determinable values
Equity investments with readily determinable values	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022	Oct. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment losses on equity investments	$ 117	$ 0	$ 117	$ 0
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, principal amount	5,500		5,500		$ 5,500
Senior Notes | Level 2 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value	$ 5,200		$ 5,200		$ 4,800

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Narrative (Details) - USD ($) $ in Billions	6 Months Ended
	Apr. 30, 2023	Oct. 30, 2022
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
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 1.9	$ 2.1

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Gain (Loss) on Derivatives in AOCI (Details) - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI	$ 2	$ 54	$ (47)	$ 59
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion - gain (loss) recognized in AOCI	$ 2	$ 54	$ (47)	$ 59

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Derivatives in Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Net Sales	$ 6,630	$ 6,245	$ 13,369	$ 12,516
Cost of products sold	3,536	3,318	7,130	6,630
Research, development and engineering	775	686	1,546	1,340
Marketing and selling	194	173	391	340
General and administrative	214	174	421	340
Interest expense	61	58	120	115
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Condensed Statement of Operations	7	8	31	17
Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Condensed Statement of Operations	0	(1)	0	(1)
Foreign exchange contracts | Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Condensed Statement of Operations	14	14	39	27
Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Condensed Statement of Operations	0	0	0	0
Foreign exchange contracts | Cost of products sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Condensed Statement of Operations	0	(1)	2	(3)
Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Condensed Statement of Operations	0	0	0	0
Foreign exchange contracts | Research, development and engineering
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Condensed Statement of Operations	(3)	(1)	(3)	0
Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Condensed Statement of Operations	0	(1)	0	(1)
Foreign exchange contracts | Marketing and selling
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Condensed Statement of Operations	0	(1)	0	(1)
Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Condensed Statement of Operations	0	0	0	0
Foreign exchange contracts | General and administrative
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Condensed Statement of Operations	(1)	0	(1)	0
Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Condensed Statement of Operations	0	0	0	0
Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into Consolidated Condensed Statement of Operations	(3)	(3)	(6)	(6)
Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Condensed Statement of Operations	$ 0	$ 0	$ 0	$ 0

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Gain/Loss Recognized in Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	$ 12	$ 7	$ (25)	$ (1)
Foreign exchange contracts | Interest and other income, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	12	20	(36)	20
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	(2)	0	(4)	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	0	(1)	1	(2)
Total return swaps - deferred compensation | Operating expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	$ 2	$ (12)	$ 14	$ (19)

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022	Oct. 30, 2022
Receivables [Abstract]
Factored accounts receivable	$ 250,000,000	$ 365,000,000	$ 529,000,000	$ 570,000,000
Discounted letters of credit			0	0
Discounted promissory notes			0	$ 0
Allowance for credit losses	$ 29,000,000		$ 29,000,000		$ 29,000,000

Contract Balances and Perform_3

Contract Balances and Performance Obligations - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Revenue from Contract with Customer [Abstract]
Contract assets	$ 185	$ 173
Contract liabilities	$ 3,373	$ 3,142

Contract Balances and Perform_4

Contract Balances and Performance Obligations- Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2023	May 01, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 2,300
Accounts receivable, credit losses	0	$ 0
Contract assets, credit losses	0	$ 0
Long-term Contract with Customer
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 5,200

Contract Balances and Perform_5

Contract Balances and Performance Obligations- Expecting Timing of Satisfaction (Details) - Long-term Contract with Customer	Apr. 30, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percent of revenue expected to be recognized within twelve months	50%
Expected timing of satisfaction	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	24 months

Balance Sheet Detail - Inventor

Balance Sheet Detail - Inventories (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Inventories
Customer service spares	$ 1,567	$ 1,409
Raw materials	1,833	1,807
Work-in-process	1,064	1,029
Finished goods
Deferred cost of sales	541	704
Evaluation inventory	415	422
Manufactured on-hand inventory	520	561
Total finished goods	1,476	1,687
Total Inventories	$ 5,940	$ 5,932

Balance Sheet Detail - Other Cu

Balance Sheet Detail - Other Current Assets (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Other Current Assets [Abstract]
Prepaid income taxes and income taxes receivable	$ 417	$ 461
Prepaid expenses and other	802	883
Total other current assets	$ 1,219	$ 1,344

Balance Sheet Detail - Property

Balance Sheet Detail - Property, Plant and Equipment (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2023	Oct. 30, 2022
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 6,062	$ 5,629
Accumulated depreciation	(3,503)	(3,322)
Net property, plant and equipment	2,559	2,307
Land and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	387	387
Buildings and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 2,118	2,027
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	$ 2,195	2,083
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	$ 745	743
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	$ 617	$ 389

Balance Sheet Detail - Deferred

Balance Sheet Detail - Deferred Income Taxes and Other Assets (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Balance Sheet Detail [Abstract]
Non-current deferred income taxes	$ 1,678	$ 1,395
Operating lease right-of-use assets	389	389
Finance lease right-of-use assets	109	0
Income tax receivables and other assets	521	691
Deferred Income Taxes and Other Assets, Noncurrent	$ 2,697	$ 2,475

Balance Sheet Detail - Accounts

Balance Sheet Detail - Accounts Payable and Accrued Expense (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Accounts Payable and Accrued Expenses
Accounts payable	$ 1,468	$ 1,755
Compensation and employee benefits	680	905
Warranty	310	286
Dividends payable	269	220
Income taxes payable	836	319
Other accrued taxes	30	30
Interest payable	39	39
Operating lease liabilities, current	90	85
Finance lease liabilities, current	15	0
Other	562	598
Accounts payable and accrued expenses	$ 4,299	$ 4,237

Balance Sheet Detail - Other Li

Balance Sheet Detail - Other Liabilities (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Other Liabilities
Defined and postretirement benefit plans	$ 117	$ 107
Operating lease liabilities, non-current	273	287
Finance lease liabilities, non-current	86	0
Other	335	338
Total other liabilities	$ 811	$ 732

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill and Other Indefinite-lived Intangible Assets (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Goodwill [Line Items]
Goodwill	$ 3,711	$ 3,700
Corporate and Other
Goodwill [Line Items]
Goodwill	41	41
Semiconductor Systems | Operating Segments
Goodwill [Line Items]
Goodwill	2,439	2,428
Applied Global Services | Operating Segments
Goodwill [Line Items]
Goodwill	1,032	1,032
Display and Adjacent Markets | Operating Segments
Goodwill [Line Items]
Goodwill	$ 199	$ 199

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of intangible assets	$ 12	$ 9	$ 23	$ 19

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Finite-lived Intangible Assets (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Finite-lived intangible assets
Intangible assets with finite lives:	$ 2,306	$ 2,294
Accumulated Amortization	(1,995)	(1,972)
Total	311	322
Intangible assets with indefinite lives:	17	17
Intangible assets, gross (excluding goodwill)	2,323	2,311
Intangible assets, net (excluding goodwill)	328	339
Operating Segments | Semiconductor Systems
Finite-lived intangible assets
Intangible assets with finite lives:	1,997	1,985
Accumulated Amortization	(1,694)	(1,675)
Total	303	310
Intangible assets with indefinite lives:	16	16
Operating Segments | Applied Global Services
Finite-lived intangible assets
Intangible assets with finite lives:	79	79
Accumulated Amortization	(78)	(77)
Total	1	2
Operating Segments | Display and Adjacent Markets
Finite-lived intangible assets
Intangible assets with finite lives:	194	194
Accumulated Amortization	(194)	(194)
Total	0	0
Corporate and Other
Finite-lived intangible assets
Intangible assets with finite lives:	36	36
Accumulated Amortization	(29)	(26)
Total	7	10
Intangible assets with indefinite lives:	$ 1	$ 1

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Estimated Amortization Expense (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Amortization Expense
2023 (remaining 6 months)	$ 22
2024	41
2025	40
2026	38
2027	25
Thereafter	145
Total	$ 311	$ 322

Borrowing Facilities and Debt -

Borrowing Facilities and Debt - Narrative (Details) - USD ($)	1 Months Ended
	Feb. 29, 2020	Apr. 30, 2023	Oct. 30, 2022
Debt Instrument [Line Items]
Commercial paper		$ 1,500,000,000
Short-term debt		199,000,000	$ 0
Short Term Commercial Paper
Debt Instrument [Line Items]
Short-term debt		$ 200,000,000
Debt, weighted average interest rate		4.87%
Short Term Commercial Paper | Maximum
Debt Instrument [Line Items]
Debt securities, held-to-maturity, threshold period past due		63 days
Foreign Line of Credit
Debt Instrument [Line Items]
Available credit agreement		$ 60,000,000
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
Accordion feature, increase limit	500,000,000
Accordion feature, higher borrowing capacity option	$ 2,000,000,000
Outstanding credit facilities		$ 0	0
Commercial Paper
Debt Instrument [Line Items]
Short-term debt			$ 0

Borrowing Facilities and Debt_2

Borrowing Facilities and Debt - Debt Outstanding (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 30, 2022
Debt Instrument [Line Items]
Total long-term senior notes	$ 5,459	$ 5,457
Senior Notes
Debt Instrument [Line Items]
Long-term debt, principal amount	5,500	5,500
Total unamortized discount	(11)	(12)
Total unamortized debt issuance costs	$ (30)	(31)
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 | 1.750% Senior Notes Due 2030
Debt Instrument [Line Items]
Stated interest rate (as percent)	1.75%
Long-term debt, principal amount	$ 750	750
Effective Interest Rate	1.792%
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%
Senior Notes | 2.750% Senior Notes Due 2050
Debt Instrument [Line Items]
Stated interest rate (as percent)	2.75%
Long-term debt, principal amount	$ 750	$ 750
Effective Interest Rate	2.773%

Leases - Lease Expense and Supp

Leases - Lease Expense and Supplemental Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Leases [Abstract]
Operating lease cost	$ 39	$ 22	$ 65	$ 43
Amortization of right-of-use assets			1	0
Interest on lease liabilities			$ 1	$ 0
Weighted-average remaining lease term (in years) - operating leases	6 years 1 month 6 days	6 years 4 months 24 days	6 years 1 month 6 days	6 years 4 months 24 days
Weighted-average remaining lease term (in years) - finance leases	1 year 4 months 24 days		1 year 4 months 24 days
Weighted-average discount rate - operating leases	2.70%	2.80%	2.70%	2.80%
Weighted-average discount rate - finance leases	4.60%		4.60%
Operating cash flows paid for operating leases			$ 65	$ 43
Financing cash flows paid for finance leases			9	0
Right-of-use assets obtained in exchange for operating lease liabilities			50	139
Right-of-use assets obtained in exchange for finance lease liabilities			$ 109	$ 0

Leases - Lease Maturities (Deta

Leases - Lease Maturities (Details) $ in Millions	Apr. 30, 2023 USD ($)
Operating Leases
2023 (remaining 6 months)	$ 51
2024	92
2025	72
2026	39
2027	30
Thereafter	115
Total lease payments	399
Less imputed interest	(36)
Total	363
Finance Leases
2023 (remaining 6 months)	0
2024	106
2025	0
2026	0
2027	0
Thereafter	0
Total lease payments	106
Less imputed interest	(5)
Total	$ 101

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. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 13,420	$ 11,890	$ 12,194	$ 12,247
Other comprehensive income (loss) before reclassifications			(17)	8
Amounts reclassified out of AOCI			(16)	(23)
Other comprehensive income (loss), net of tax	0	3	(33)	(15)
Ending Balance	14,129	11,579	14,129	11,579
Unrealized Gain (Loss) on Investments, Net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			(75)	(1)
Other comprehensive income (loss) before reclassifications			20	(38)
Amounts reclassified out of AOCI			8	(10)
Other comprehensive income (loss), net of tax			28	(48)
Ending Balance	(47)	(49)	(47)	(49)
Unrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			(52)	(103)
Other comprehensive income (loss) before reclassifications			(37)	46
Amounts reclassified out of AOCI			(24)	(13)
Other comprehensive income (loss), net of tax			(61)	33
Ending Balance	(113)	(70)	(113)	(70)
Defined and Postretirement Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			(88)	(169)
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	(88)	(169)	(88)	(169)
Cumulative Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			13	13
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	13	13	13	13
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(235)	(278)	(202)	(260)
Other comprehensive income (loss), net of tax		3	(33)	(15)
Ending Balance	$ (235)	$ (275)	$ (235)	$ (275)

Stockholders' Equity, Compreh_4

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions	1 Months Ended		3 Months Ended		6 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022	Mar. 13, 2023
Equity [Line Items]
Amount authorized by board of directors to repurchase shares	$ 10,000,000,000						$ 6,000,000,000
Remaining authorized repurchase amount			$ 13,900,000,000		$ 13,900,000,000
Dividends declared per share (in dollars per share)	$ 0.32	$ 0.26	$ 0.32	$ 0.26	$ 0.58	$ 0.50
Payments of dividends					$ 439,000,000	$ 425,000,000
Shares issued (in shares)			1	1	1	1
Employee Stock
Equity [Line Items]
Performance of total shareholder return					100%
Total unrecognized compensation expense			$ 947,000,000		$ 947,000,000
Weighted average period for unrecognized compensation expense to be recognized (in years)					2 years 9 months 18 days
Performance Shares
Equity [Line Items]
Additional performance-based awards to be earned upon certain levels of achievement (in shares)			0.8		0.8
Award measurement metric relative weight					50%
Award measurement period					3 years
Performance Shares | Minimum
Equity [Line Items]
Award vesting rights, percentage of target amount					0%
Performance Shares | Maximum
Equity [Line Items]
Award vesting rights, percentage of target amount					200%
Employee Stock Incentive Plan
Equity [Line Items]
Number of shares available for grant (in shares)			25		25
Employee Stock Purchase Plan
Equity [Line Items]
Number of shares available for grant (in shares)			13		13
Employee stock purchase plan purchase period					6 months
Employee Stock Purchase Plan | Employee Stock
Equity [Line Items]
Purchase price of common stock					85%

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. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Equity [Abstract]
Common stock repurchases (in shares)	7	15	9	27
Cost of stock repurchased*	$ 804	$ 1,800	$ 1,054	$ 3,603
Average price paid per share (in dollars per share)	$ 115.53	$ 124.84	$ 112.39	$ 134.54

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. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 113	$ 101	$ 261	$ 219
Cost of products sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	42	36	96	78
Research, development and engineering
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	41	37	95	80
Marketing and selling
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	12	12	29	26
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation	$ 18	$ 16	$ 41	$ 35

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. 30, 2023 $ / shares shares
Restricted stock units, restricted stock, performance shares and performance units
Beginning balance (in shares) | shares	11
Granted (in shares) | shares	6
Vested (in shares) | shares	(5)
Canceled (in shares) | shares	0
Ending balance (in shares) | shares	12
Weighted Average Grant Date Fair Value
Beginning of period (in dollars per share) | $ / shares	$ 92.31
Granted (in dollars per share) | $ / shares	102.32
Vested (in dollars per share) | $ / shares	71.09
Canceled (in dollars per share) | $ / shares	104.59
Ending balance (in dollars per share) | $ / shares	$ 104.42

Stockholders' Equity, Compreh_8

Stockholders' Equity, Comprehensive Income and Share-Based Compensation - Employee Stock Purchase Plan, Valuation Assumptions (Details) - Employee Stock Purchase Plan - $ / shares	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	1.09%	0.74%	1.09%	0.74%
Expected volatility	43.30%	45.20%	43.30%	45.20%
Risk-free interest rate	5.14%	0.60%	5.14%	0.60%
Expected life (in years)	6 months	6 months	6 months	6 months
Weighted average estimated fair value (in dollars per share)	$ 32.47	$ 35.79	$ 32.47	$ 35.79

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate provision (as percent)	11.40%	17.60%	11.90%	12.20%

Warranty, Guarantees, Commitm_3

Warranty, Guarantees, Commitments and Contingencies - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 302	$ 254	$ 286	$ 242
Warranties issued	62	61	124	125
Change in reserves related to preexisting warranty	(2)	2	2	5
Consumption of reserves	(52)	(55)	(102)	(110)
Ending balance	$ 310	$ 262	$ 310	$ 262

Warranty, Guarantees, Commitm_4

Warranty, Guarantees, Commitments and Contingencies - Narrative (Details) $ in Millions	6 Months Ended
	Apr. 30, 2023 USD ($)
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	$ 592
Parent guarantees to banks	$ 298

Industry Segment Operations - N

Industry Segment Operations - Narrative (Details)	6 Months Ended
	Apr. 30, 2023 Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Industry Segment Operations -_2

Industry Segment Operations - Net Sales and Operating Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Net sales and operating income (loss) for each reportable segment
Net Sales	$ 6,630	$ 6,245	$ 13,369	$ 12,516
Operating Income (Loss)	1,911	1,894	3,881	3,870
Corporate and Other
Net sales and operating income (loss) for each reportable segment
Net Sales	57	23	98	41
Operating Income (Loss)	$ (288)	$ (257)	$ (626)	$ (531)
Semiconductor Systems | Sales Revenue | Product Concentration Risk
Net sales and operating income (loss) for each reportable segment
Percentage of net sales	100%	100%	100%	100%
Semiconductor Systems | Foundry, logic and other | Sales Revenue | Product Concentration Risk
Net sales and operating income (loss) for each reportable segment
Percentage of net sales	84%	65%	81%	63%
Semiconductor Systems | Dynamic random-access memory (DRAM) | Sales Revenue | Product Concentration Risk
Net sales and operating income (loss) for each reportable segment
Percentage of net sales	11%	21%	12%	23%
Semiconductor Systems | Flash memory | Sales Revenue | Product Concentration Risk
Net sales and operating income (loss) for each reportable segment
Percentage of net sales	5%	14%	7%	14%
Semiconductor Systems | Operating Segments
Net sales and operating income (loss) for each reportable segment
Net Sales	$ 4,977	$ 4,458	$ 10,139	$ 9,025
Operating Income (Loss)	1,764	1,648	3,681	3,419
Applied Global Services | Operating Segments
Net sales and operating income (loss) for each reportable segment
Net Sales	1,428	1,383	2,797	2,703
Operating Income (Loss)	414	422	797	825
Display and Adjacent Markets | Operating Segments
Net sales and operating income (loss) for each reportable segment
Net Sales	168	381	335	747
Operating Income (Loss)	$ 21	$ 81	$ 29	$ 157

Industry Segment Operations -_3

Industry Segment Operations - Net Sales by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Segment Reporting Information [Line Items]
Net sales	$ 6,630	$ 6,245	$ 13,369	$ 12,516
Change	6%		7%
Asia Pacific
Segment Reporting Information [Line Items]
Net sales	$ 5,040	5,054	$ 10,155	10,197
Change	0%		0%
China
Segment Reporting Information [Line Items]
Net sales	$ 1,405	2,133	$ 2,550	4,120
Change	(34.00%)		(38.00%)
Korea
Segment Reporting Information [Line Items]
Net sales	$ 1,583	968	$ 2,876	2,089
Change	64%		38%
Taiwan
Segment Reporting Information [Line Items]
Net sales	$ 1,435	1,408	$ 3,403	2,657
Change	2%		28%
Japan
Segment Reporting Information [Line Items]
Net sales	$ 460	407	$ 916	968
Change	13%		(5.00%)
Southeast Asia
Segment Reporting Information [Line Items]
Net sales	$ 157	138	$ 410	363
Change	14%		13%
United States
Segment Reporting Information [Line Items]
Net sales	$ 1,113	702	$ 2,164	1,549
Change	59%		40%
Europe
Segment Reporting Information [Line Items]
Net sales	$ 477	$ 489	$ 1,050	$ 770
Change	(2.00%)		36%
Sales Revenue | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of net sales	100%	100%	100%	100%
Sales Revenue | Asia Pacific | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of net sales	76%	81%	76%	82%
Sales Revenue | China | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of net sales	21%	34%	19%	33%
Sales Revenue | Korea | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of net sales	24%	16%	22%	17%
Sales Revenue | Taiwan | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of net sales	22%	23%	25%	21%
Sales Revenue | Japan | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of net sales	7%	6%	7%	8%
Sales Revenue | Southeast Asia | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of net sales	2%	2%	3%	3%
Sales Revenue | United States | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of net sales	17%	11%	16%	12%
Sales Revenue | Europe | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of net sales	7%	8%	8%	6%

Industry Segment Operations - R

Industry Segment Operations - Reconciliations of Total Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	May 01, 2022	Apr. 30, 2023	May 01, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net Sales	$ 6,630	$ 6,245	$ 13,369	$ 12,516
Share-based compensation	(113)	(101)	(261)	(219)
Severance and related charges	0	0	0	4
Income from operations	1,911	1,894	3,881	3,870
Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net Sales	57	23	98	41
Unallocated cost of products sold and expenses	(232)	(179)	(463)	(357)
Share-based compensation	(113)	(101)	(261)	(219)
Severance and related charges	0	0	0	4
Income from operations	$ (288)	$ (257)	$ (626)	$ (531)

Industry Segment Operations - P

Industry Segment Operations - Percentage by Customer (Details) - Customer Concentration Risk - Sales Revenue	6 Months Ended
	Apr. 30, 2023
Taiwan Semiconductor Manufacturing Company Limited
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales	23%
Samsung Electronics Co., Ltd.
Entity-Wide Revenue, Major Customer [Line Items]
Percentage of net sales	19%