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Tables in the 10-K of APPLIED MATERIALS INC /DE

95 tables with numbers, filed Dec 17, 2021. Each one downloads as an Excel file or a CSV (numbers are stored as numbers), with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

← Filings of AMAT

Table 1 after “TABLE OF CONTENTS”

Page
PART I
Item 1:Business4
Item 1A:Risk Factors16
Item 1B:Unresolved Staff Comments29
Item 2:Properties30
Item 3:Legal Proceedings31
Item 4:Mine Safety Disclosures31

First 8 of 27 rows. The download has all of them.

Table 2 after “Backlog by reportable segment as of October 31, 2021 and October 25, 2020 was as follows:”

20212020
(In millions, except percentages)
Semiconductor Systems$6,67957%$2,88043%
Applied Global Services4,33537%2,60739%
Display and Adjacent Markets7356%1,11517%
Corporate and Other9—%541%
Total$11,758100%$6,656100%

Table 3 after “Information on net sales to unaffiliated customers and long-lived assets attributable to Applied’s geographic regions is included in Note 18”

202120202019
Samsung Electronics Co., Ltd.20%18%*
Taiwan Semiconductor Manufacturing Company Limited15%18%14%
Intel Corporation**12%

Table 4 after “The following table and notes set forth information about Applied’s executive officers:”

Name of IndividualPosition
Gary E. Dickerson(1)President, Chief Executive Officer
Ginetto Addiego(2)Senior Vice President, Semiconductor Global Operations and Corporate Quality
Robert J. Halliday(3)Senior Vice President, Chief Financial Officer
Teri Little(4)Senior Vice President, Chief Legal Officer and Corporate Secretary
Omkaram Nalamasu(5)Senior Vice President, Chief Technology Officer
Prabu Raja(6)Senior Vice President, Semiconductor Products Group
Ali Salehpour(7)Senior Vice President, Services, Display and Flexible Technology

First 8 of 9 rows. The download has all of them.

Table 5 after “Information concerning Applied’s properties is set forth below:”

(Square feet in thousands)United StatesOther CountriesTotal
Owned4,8552,4727,327
Leased1,9121,8003,712
Total6,7674,27211,039

Table 6 after “Copyright© 2021 Standard & Poor’s, a division of S&P global. All rights reserved.”

10/30/201610/29/201710/28/201810/27/201910/25/202010/31/2021
Applied Materials100.00199.87115.48202.95225.12508.89
S&P 500 Index100.00123.88130.09150.94176.35237.87
PHLX Semiconductor Index100.00156.93145.72212.64309.77458.88

Table 7 after “The following table provides information as of October 31, 2021 with respect to the shares of common stock repurchased by Applied during the”

PeriodTotal Number of Shares PurchasedAverage Price Paid per ShareAggregate Price PaidTotal Number of Shares Purchased as Part of Publicly Announced ProgramsMaximum Dollar Value of Shares That May Yet be Purchased Under the Programs
(In millions, except per share amounts)
Month #1
(August 2, 2021 to August 29, 2021)3.5$134.64$4663.5$6,059
Month #2
(August 30, 2021 to September 26, 2021)3.2$137.354433.2$5,616
Month #3
(September 27, 2021 to October 31, 2021)4.5$131.235914.5$5,025

First 8 of 9 rows. The download has all of them.

Table 8 after “The following table presents certain significant measurements for the past three fiscal years:”

Change
2021202020192021 over 20202020 over 2019
(In millions, except per share amounts and percentages)
Net sales$23,063$17,202$14,608$5,861$2,594
Gross margin47.3%44.7%43.7%2.6 points1.0 points
Operating income$6,889$4,365$3,350$2,524$1,015
Operating margin29.9%25.4%22.9%4.5 points2.5 points
Net income$5,888$3,619$2,706$2,269$913

First 8 of 9 rows. The download has all of them.

Table 9 after “Net sales for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions, except percentages)
Semiconductor Systems$16,28671%$11,36766%$9,02762%43%26%
Applied Global Services5,01322%4,15524%3,85426%21%8%
Display and Adjacent Markets1,6347%1,6079%1,65111%2%(3)%
Corporate and Other130—%731%761%78%(4)%
Total$23,063100%$17,202100%$14,608100%34%18%

Table 10 after “Net sales by geographic region, determined by the location of customers’ facilities to which products were shipped, were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions, except percentages)
China$7,53533%$5,45632%$4,27729%38%28%
Korea5,01222%3,03118%1,92913%65%57%
Taiwan4,74220%3,95323%2,96520%20%33%
Japan1,9628%1,99611%2,19815%(2)%(9)%
Southeast Asia6773%4112%5484%65%(25)%

First 8 of 12 rows. The download has all of them.

Table 11 after “Gross margins for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions, except percentages)
Gross margin47.3%44.7%43.7%2.6 points1.0 points

Table 12 after “Research, Development and Engineering (RD&E) expenses for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions)
Research, development and engineering$2,485$2,234$2,054$251$180

Table 13 after “Marketing and selling expenses for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions)
Marketing and selling$609$526$521$83$5

Table 14 after “General and administrative (G&A) expenses for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions)
General and administrative$620$567$461$53$106

Table 15 after “Severance and related charges for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions)
Severance and related charges$157$—$—$157$—

Table 16 after “Deal termination fee for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions)
Deal termination fee$154$—$—$154$—

Table 17 after “Interest expense and interest and other income (loss), net for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions)
Interest expense$236$240$237$(4)$3
Interest and other income, net$118$41$156$77$(115)

Table 18 after “Provision for income taxes and effective tax rates for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions, except percentages)
Provision for income taxes$883$547$563$336$(16)
Effective income tax rate13.0%13.1%17.2%(0.1)points(4.1)points

Table 19 after “Certain significant measures for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions, except percentages and ratios)
Net sales$16,286$11,367$9,027$4,91943%$2,34026%
Operating income$6,311$3,714$2,464$2,59770%$1,25051%
Operating margin38.8%32.7%27.3%6.1 points5.4 points

Table 20 after “Net sales for Semiconductor Systems by end use application for the periods indicated were as follows:”

202120202019
Foundry, logic and other60%59%52%
Dynamic random-access memory (DRAM)19%20%22%
Flash memory21%21%26%
100%100%100%

Table 21 after “Certain significant measures for the periods indicated were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions, except percentages and ratios)
Net sales$5,013$4,155$3,854$85821%$3018%
Operating income$1,508$1,127$1,101$38134%$262%
Operating margin30.1%27.1%28.6%3.0 points(1.5) points

Table 22 after “Certain significant measures for the periods presented were as follows:”

Change
2021202020192021 over 20202020 over 2019
(In millions, except percentages and ratios)
Net sales$1,634$1,607$1,651$272%$(44)(3)%
Operating income$314$291$294$238%$(3)(1)%
Operating margin19.2%18.1%17.8%1.1 points0.3 points

Table 23 after “The following region accounted for at least 30 percent of total net sales for the Display and Adjacent Markets segment for one or more of th”

Change
2021202020192021 over 20202020 over 2019
(In millions, except percentages)
China$1,36183%$1,34384%$1,46989%$181%$(126)(9)%

Table 24 after “Applied’s cash, cash equivalents and investments consist of the following:”

October 31, 2021October 25, 2020
(In millions)
Cash and cash equivalents$4,995$5,351
Short-term investments464387
Long-term investments2,0551,538
Total cash, cash-equivalents and investments$7,514$7,276

Table 25 after “A summary of cash provided by (used in) operating, investing, and financing activities is as follows:”

202120202019
(In millions)
Cash provided by operating activities$5,442$3,804$3,247
Cash used in investing activities$(1,216)$(130)$(443)
Cash used in financing activities$(4,591)$(1,337)$(3,115)

Table 26 after “The following table summarizes Applied’s contractual obligations as of October 31, 2021:”

Payments Due by Period
Contractual ObligationsTotalLess Than 1 Year1-3 Years3-5 YearsMore Than 5 Years
(In millions)
Debt obligations$5,500$—$—$700$4,800
Interest expense associated with debt obligations3,2122054103822,215
Operating lease obligations315781326639
Income tax from change in U.S. tax laws177582234459—
Purchase obligations25,7165,498218——

First 8 of 10 rows. The download has all of them.

Table 27 after “UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ADJUSTED RESULTS”

(In millions, except percentages)202120202019
Non-GAAP Adjusted Gross Profit
Reported gross profit - GAAP basis$10,914$7,692$6,386
Certain items associated with acquisitions1273737
Certain incremental expenses related to COVID-1921223—
Other charges2——
Non-GAAP adjusted gross profit$10,955$7,752$6,423
Non-GAAP adjusted gross margin47.5%45.1%44.0%

First 8 of 34 rows. The download has all of them.

Table 28 after “UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ADJUSTED RESULTS”

1These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.
2Temporary incremental employee compensation during the COVID-19 pandemic.
3The severance and related charges primarily related to a one-time voluntary retirement program offered to certain eligible employees.
4Charges to income tax provision related to a one-time transition tax as a result of U.S. tax legislation.
5Adjustment to provision for income taxes related to non-GAAP adjustments reflected in income before income taxes.

Table 29 after “UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ADJUSTED RESULTS”

(In millions, except per share amounts)202120202019
Non-GAAP Adjusted Earnings Per Diluted Share
Reported earnings per diluted share - GAAP basis$6.40$3.92$2.86
Certain items associated with acquisitions0.040.050.05
Acquisition integration and deal costs0.040.070.02
Certain incremental expenses related to COVID-190.020.03—
Severance and related charges0.13——
Deal termination fee0.17——

First 8 of 17 rows. The download has all of them.

Table 30 after “UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ADJUSTED RESULTS”

(In millions, except percentages)202120202019
Semiconductor Systems Non-GAAP Adjusted Operating Income
Reported operating income - GAAP basis$6,311$3,714$2,464
Certain items associated with acquisitions1384143
Acquisition integration costs(2)3—
Certain incremental expenses related to COVID-1921220—
Other charges3——
Non-GAAP adjusted operating income$6,362$3,778$2,507

First 8 of 23 rows. The download has all of them.

Table 31 after “UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ADJUSTED RESULTS”

1These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.
2Temporary incremental employee compensation during the COVID-19 pandemic.
3The severance and related charges related to workforce reduction actions globally across the Display and Adjacent Market business.

Table 32 after “Equity Compensation Plan Information”

Plan Category(a) Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights(1)(b) Weighted Average Exercise Price of Outstanding Options, Warrants and Rights(2)(c) Number of Securities Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column(a))
(In millions, except prices)
Equity compensation plans approved by security holders13$—51(3)
Total13$—51

Table 33 after “(a) The following documents are filed as part of this Annual Report on Form 10-K:”

Page Number
(1)Financial Statements:
Reports of Independent Registered Public Accounting Firm61
Consolidated Statements of Operations64
Consolidated Statements of Comprehensive Income65
Consolidated Balance Sheets66
Consolidated Statements of Stockholders’ Equity67
Consolidated Statements of Cash Flows68

First 8 of 11 rows. The download has all of them.

Table 34 after “(In millions, except per share amounts)”

Fiscal Year202120202019
Net sales$23,063$17,202$14,608
Cost of products sold12,1499,5108,222
Gross profit10,9147,6926,386
Operating expenses:
Research, development and engineering2,4852,2342,054
Marketing and selling609526521
General and administrative620567461

First 8 of 23 rows. The download has all of them.

Table 35 after “(In millions)”

Fiscal Year202120202019
Net income$5,888$3,619$2,706
Other comprehensive income (loss), net of tax:
Change in unrealized gain (loss) on available-for-sale investments(21)921
Change in unrealized net loss on derivative instruments30(117)(7)
Change in defined and postretirement benefit plans30(11)(51)
Change in cumulative translation adjustments——(1)
Other comprehensive income (loss), net of tax39(119)(38)

First 8 of 9 rows. The download has all of them.

Table 36 after “(In millions, except per share amounts)”

October 31, 2021October 25, 2020
ASSETS
Current assets:
Cash and cash equivalents$4,995$5,351
Short-term investments464387
Accounts receivable, net4,9532,963
Inventories4,3093,904
Other current assets1,386764

First 8 of 34 rows. The download has all of them.

Table 37 after “(In millions)”

Common StockAdditional Paid-In CapitalRetained Earnings (a)Treasury StockAccumulated Other Comprehensive Income (Loss)Total
SharesAmountSharesAmount
Balance at October 28, 2018967$10$7,274$20,8801,019$(21,194)$(125)$6,845
Adoption of new accounting standards (b)———1,570——(17)1,553
Net income———2,706———2,706
Other comprehensive loss, net of tax——————(38)(38)
Dividends declared ($0.83 per common share)———(770)———(770)
Share-based compensation——263————263

First 8 of 25 rows. The download has all of them.

Table 38 after “(In millions)”

Fiscal Year202120202019
Cash flows from operating activities:
Net income$5,888$3,619$2,706
Adjustments required to reconcile net income to cash provided by operating activities:
Depreciation and amortization394376363
Severance and related charges148——
Deferred income taxes808049
Other(70)60(19)

First 8 of 43 rows. The download has all of them.

Table 39 after “Basic earnings per share is determined using the weighted average number of common shares outstanding during the period. Diluted earnings pe”

Fiscal Year202120202019
(In millions, except per share amounts)
Numerator:
Net income$5,888$3,619$2,706
Denominator:
Weighted average common shares outstanding910916937
Effect of weighted dilutive stock options, restricted stock units and employee stock purchase plan shares978
Denominator for diluted earnings per share919923945

First 8 of 11 rows. The download has all of them.

Table 40 after “The following tables summarize Applied’s cash, cash equivalents and investments by security type:”

October 31, 2021CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
(In millions)
Cash$1,407$—$—$1,407
Cash equivalents:
Money market funds3,556——3,556
Municipal securities22——22
Commercial paper, corporate bonds and medium-term notes10——10
Total Cash equivalents3,588——3,588

First 8 of 21 rows. The download has all of them.

Table 41 after “NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)”

October 25, 2020CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
(In millions)
Cash$1,136$—$—$1,136
Cash equivalents:
Money market funds4,209——4,209
Municipal securities6——6
Total Cash equivalents4,215——4,215
Total Cash and Cash equivalents$5,351$—$—$5,351

First 8 of 19 rows. The download has all of them.

Table 42 after “The following table summarizes the contractual maturities of Applied’s investments at October 31, 2021:”

CostEstimated Fair Value
(In millions)
Due in one year or less$393$395
Due after one through five years878878
Due after five years22
No single maturity date**1,1381,244
Total$2,411$2,519

Table 43 after “The components of gain (loss) on equity investments for each fiscal year were as follows:”

202120202019
(In millions)
Publicly traded equity securities
Unrealized gain$14$14$28
Unrealized loss(11)(17)(5)
Realized gain on sales212
Equity investments in privately-held companies
Unrealized gain651813

First 8 of 12 rows. The download has all of them.

Table 44 after “Financial assets (excluding cash balances) measured at fair value on a recurring basis are summarized below:”

October 31, 2021October 25, 2020
Level 1Level 2TotalLevel 1Level 2Total
(In millions)
Assets:
Available-for-sale debt security investments
Money market funds*$3,662$—$3,662$4,324$—$4,324
U.S. Treasury and agency securities2961831437523398
Non-U.S. government securities—55———

First 8 of 16 rows. The download has all of them.

Table 45 after “The gain (loss) on derivatives in cash flow hedging relationships recognized in AOCI for derivatives designated as hedging instruments for t”

Derivatives in Cash Flow Hedging Relationships
202120202019
(In millions)
Foreign exchange contracts$36$3$(14)
Interest rate contracts—(151)—
Total$36$(148)$(14)

Table 46 after “The effects of derivative instruments and hedging activities on the Consolidated Statements of Operations were as follows:”

Derivatives in Cash Flow Hedging Relationships
Total Amount Presented in the Consolidated Statement of Operations in which the Effects of Cash Flow Hedges are RecordedAmount of Gain or (Loss) Reclassified from AOCI into Consolidated Statement of OperationsAmounts of Gain (Loss) Excluded from Effectiveness Testing Recognized in Consolidated Statement of Operations
(In millions)
2021
Foreign Exchange Contracts:
Net Sales$23,063$4$—
Cost of products sold$12,1492(2)
Research, development and engineering$2,4853—

First 8 of 28 rows. The download has all of them.

Table 47 after “The effects of derivative instruments and hedging activities on the Consolidated Statements of Operations were as follows:”

Amount of Gain or (Loss) Recognized in Consolidated Statement of Operations
Location of Gain or (Loss) Recognized in Consolidated Statement of Operations202120202019
(In millions)
Derivatives Not Designated as Hedging Instruments
Foreign exchange contractsGeneral and administrative$—$—$(8)
Foreign exchange contractsInterest and other income, net29(10)—
Total return swaps - deferred compensationCost of products sold31—
Total return swaps - deferred compensationOperating expenses296—

First 8 of 10 rows. The download has all of them.

Table 48 after “Changes in allowance for credit losses in each fiscal year were as follows:”

202120202019
(In millions)
Beginning balance$30$30$33
Provision———
Deductions1(1)—(3)
Ending balance$29$30$30

Table 49 after “Contract balances at the end of each reporting period were as follows:”

October 31, 2021October 25, 2020
(In millions)
Contract assets$201$148
Contract liabilities$2,076$1,321

Table 50 after “Balance Sheet Detail”

October 31, 2021October 25, 2020
(In millions)
Inventories
Customer service spares$1,251$1,270
Raw materials1,136870
Work-in-process873624
Finished goods1,0491,140
$4,309$3,904

Table 51 after “million of evaluation inventory at October 31, 2021 and October 25, 2020, respectively.”

October 31, 2021October 25, 2020
(In millions)
Other Current Assets
Prepaid income taxes and income taxes receivable$593$162
Prepaid expenses and other793602
$1,386$764

Table 52 after “NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)”

Useful LifeOctober 31, 2021October 25, 2020
(In years)(In millions)
Property, Plant and Equipment, Net
Land and improvements$334$256
Buildings and improvements3-301,7801,655
Demonstration and manufacturing equipment3-51,8201,586
Furniture, fixtures and other equipment3-5720646
Construction in progress326237

First 8 of 11 rows. The download has all of them.

Table 53 after “million for fiscal 2021, 2020 and 2019 respectively.”

October 31, 2021October 25, 2020
(In millions)
Deferred Income Taxes and Other Assets
Non-current deferred income taxes$1,623$1,711
Operating lease right-of-use assets294252
Income tax receivables and other assets229260
$2,146$2,223

Table 54 after “million for fiscal 2021, 2020 and 2019 respectively.”

October 31, 2021October 25, 2020
(In millions)
Accounts Payable and Accrued Expenses
Accounts payable$1,472$1,124
Compensation and employee benefits924800
Warranty242201
Dividends payable214201
Income taxes payable734222

First 8 of 13 rows. The download has all of them.

Table 55 after “million for fiscal 2021, 2020 and 2019 respectively.”

October 31, 2021October 25, 2020
(In millions)
Other Liabilities
Defined and postretirement benefit plans$193$241
Operating lease liabilities, non-current228195
Other271226
$692$662

Table 56 after “Details of goodwill were as follows:”

October 31, 2021October 25, 2020
(In millions)
Semiconductor Systems$2,207$2,208
Applied Global Services1,0321,018
Display and Adjacent Markets199199
Corporate and Other4141
Carrying amount$3,479$3,466

Table 57 after “A summary of Applied’s purchased technology and intangible assets is set forth below:”

October 31, 2021October 25, 2020
(In millions)
Purchased technology, net$46$75
Intangible assets - finite-lived, net5878
Total$104$153

Table 58 after “Details of finite-lived intangible assets were as follows:”

October 31, 2021October 25, 2020
Purchased TechnologyOther Intangible AssetsTotalPurchased TechnologyOther Intangible AssetsTotal
(In millions)
Gross carrying amount:
Semiconductor Systems$1,476$256$1,732$1,476$256$1,732
Applied Global Services354479354479
Display and Adjacent Markets1633820116338201
Corporate and Other131629131629

First 8 of 16 rows. The download has all of them.

Table 59 after “Details of amortization expense for each fiscal year by segment were as follows:”

202120202019
(In millions)
Semiconductor Systems$41$40$43
Applied Global Services111
Display and Adjacent Markets51313
Corporate and Other22—
Total$49$56$57

Table 60 after “Amortization expense for each fiscal year was charged to the following categories:”

202120202019
(In millions)
Cost of products sold$29$37$38
Research, development and engineering111
Marketing and selling191818
Total$49$56$57

Table 61 after “As of October 31, 2021, future estimated amortization expense is expected to be as follows:”

Amortization Expense
(In millions)
2022$33
202320
202417
202515
202615
Thereafter4

First 8 of 9 rows. The download has all of them.

Table 62 after “Debt outstanding as of October 31, 2021 and October 25, 2020 was as follows:”

Principal Amount
October 31, 2021October 25, 2020Effective Interest RateInterest Pay Dates
(In millions)
Long-term debt:
3.900% Senior Notes Due 2025$700$7003.944%April 1, October 1
3.300% Senior Notes Due 20271,2001,2003.342%April 1, October 1
1.750% Senior Notes Due 20307507501.792%June 1, December 1
5.100% Senior Notes Due 20355005005.127%April 1, October 1

First 8 of 15 rows. The download has all of them.

Table 63 after “The components of lease expense and supplemental information were as follows:”

20212020
(In millions, except percentage)
Operating lease cost$79$69
Weighted-average remaining lease term (in years)5.15.2
Weighted-average discount rate1.7%1.8%

Table 64 after “Supplemental cash flow information related to leases are as follows:”

20212020
(In millions)
Operating cash flows paid for operating leases$79$70
Right-of-use assets obtained in exchange for operating lease liabilities$123$156

Table 65 after “As of October 31, 2021, the maturities of lease liabilities are as follows:”

Operating Leases
Fiscal(In millions)
2022$78
202371
202461
202548
202618
Thereafter39

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Table 66 after “Severance and related charges by segment were as follows:”

2021
(In millions)
Display and Adjacent Markets$8
Corporate and Other149
Total$157

Table 67 after “Changes in severance and related charges reserves related to the Fiscal 2021 Severance Plan described above were as follows:”

Severance and Related Charges Reserves
(In millions)
Balance as of October 25, 2020$—
Provision for severance158
Adjustment to provision for severance(1)
Consumption of reserves(140)
Balance as of October 31, 2021$17

Table 68 after “Changes in the components of accumulated other comprehensive income (AOCI), net of tax, were as follows:”

Unrealized Gain (Loss) on Investments, NetUnrealized Gain (Loss) on Derivative Instruments Qualifying as Cash Flow HedgesDefined and Postretirement Benefit PlansCumulative Translation AdjustmentsTotal
(In millions)
Balance at October 28, 2018$7$(9)$(137)$14(125)
Adoption of new accounting standards (a)(17)———(17)
Other comprehensive income (loss) before reclassifications22(10)(57)(1)(46)
Amounts reclassified out of AOCI(1)36—8
Other comprehensive income (loss), net of tax21(7)(51)(1)(38)
Balance at October 27, 2019$11$(16)$(188)$13$(180)

First 8 of 16 rows. The download has all of them.

Table 69 after “The following table summarizes Applied’s stock repurchases for each fiscal year:”

202120202019
(In millions, except per share amounts)
Shares of common stock repurchased281260
Cost of stock repurchased$3,750$649$2,403
Average price paid per share$134.03$56.32$39.86

Table 70 after “Applied recognized share-based compensation expense related to equity awards and ESPP shares. The effect of share-based compensation on the ”

202120202019
(In millions)
Cost of products sold$118$103$89
Research, development, and engineering12911699
Marketing and selling433631
General and administrative565244
Total share-based compensation$346$307$263
Income tax benefits recognized$43$39$37

Table 71 after “A summary of the changes in restricted stock units, restricted stock, performance shares and performance units outstanding under Applied’s e”

SharesWeighted Average Grant Date Fair ValueWeighted Average Remaining Contractual TermAggregate Intrinsic Value
(In millions, except per share amounts)
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 28, 201818$32.642.0 years$600
Granted8$36.00
Vested(7)$28.41
Canceled(1)$34.59
Non-vested restricted stock units, restricted stock, performance shares and performance units at October 27, 201918$35.782.1 years$985
Granted6$53.89

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Table 72 after “Underlying assumptions used in the model are outlined in the following table:”

202120202019
ESPP:
Dividend yield0.72%1.41%1.99%
Expected volatility41.3%48.2%35.5%
Risk-free interest rate0.05%0.58%2.21%
Expected life (in years)0.50.50.5
Weighted average estimated fair value$33.77$17.30$10.61

Table 73 after “A summary of the changes in benefit obligations and plan assets, which includes post-retirement benefits, for each fiscal year is presented ”

202120202019
(In millions, except percentages)
Change in projected benefit obligation
Beginning projected benefit obligation$674$617$524
Service cost151311
Interest cost8810
Plan participants’ contributions111
Actuarial (gain) loss(1)684

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Table 74 after “NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)”

20212020
Plan assets — allocation
Equity securities35%38%
Debt securities33%43%
Insurance contracts23%9%
Other investments9%10%

Table 75 after “The following table presents a summary of the ending fair value of the plan assets:”

October 31, 2021October 25, 2020
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
(In millions)
Equity securities$137$—$—$137$103$—$—$103
Debt securities79——7972——72
Insurance contracts——110110——3939
Other investments—17—17—16—16
Cash2——22——2

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Table 76 after “The following table presents the activity in Level 3 instruments for each fiscal year:”

20212020
(In millions)
Balance, beginning of year$39$36
Purchases, sales, settlements, net721
Currency impact(1)2
Balance, end of year$110$39

Table 77 after “A summary of the components of net periodic benefit costs and the weighted average assumptions used for net periodic benefit cost calculatio”

202120202019
(In millions, except percentages)
Components of net periodic benefit cost
Service cost$15$13$11
Interest cost8810
Expected return on plan assets(21)(22)(20)
Amortization of actuarial loss and prior service credit14127
Net periodic benefit cost$16$11$8

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Table 78 after “Future expected benefit payments for the pension plans and the postretirement plan over the next ten fiscal years are as follows:”

Benefit Payments
(In millions)
2022$11
202313
202415
202514
202615
2027-203199

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Table 79 after “The components of income before income taxes for each fiscal year were as follows:”

202120202019
(In millions)
U.S.$512$92$363
Foreign6,2594,0742,906
$6,771$4,166$3,269

Table 80 after “The components of the provision for income taxes for each fiscal year were as follows:”

202120202019
(In millions)
Current:
U.S.$462$196$240
Foreign344263260
State172012
823479512
Deferred:

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Table 81 after “A reconciliation between the statutory U.S. federal income tax rate and Applied’s actual effective income tax rate for each fiscal year is p”

202120202019
Tax provision at U.S. statutory rate21.0%21.0%21.0%
Effect of foreign operations taxed at various rates(7.0)(5.9)(5.9)
Changes in prior years’ unrecognized tax benefits0.20.52.6
Resolutions of prior years’ income tax filings(0.1)(1.0)(0.1)
Research and other tax credits(0.9)(1.3)(1.1)
Other(0.2)(0.2)0.7
13.0%13.1%17.2%

Table 82 after “The components of deferred income tax assets and liabilities were as follows:”

October 31, 2021October 25, 2020
(In millions)
Deferred tax assets:
Allowance for doubtful accounts$4$4
Inventory reserves and basis difference112119
Installation and warranty reserves2914
Intangible assets1,2811,355
Accrued liabilities3124

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Table 83 after “Changes in the valuation allowance in each fiscal year were as follows:”

202120202019
(In millions)
Beginning balance$314$257$230
Increases475727
Decreases———
Ending balance$361$314$257

Table 84 after “A reconciliation of the beginning and ending balances of gross unrecognized tax benefits in each fiscal year is as follows:”

202120202019
(In millions)
Beginning balance of gross unrecognized tax benefits$496$845$374
Settlements with tax authorities—(446)(1)
Lapses of statutes of limitation(4)(3)(2)
Increases in tax positions for current year264433
Increases in tax positions for prior years2391441
Decreases in tax positions for prior years(4)(35)—

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Table 85 after “Changes in the warranty reserves during each fiscal year were as follows:”

202120202019
(In millions)
Beginning balance$201$196$208
Provisions for warranty223165148
Changes in reserves related to preexisting warranty927
Consumption of reserves(191)(162)(167)
Ending balance$242$201$196

Table 86 after “Information for each reportable segment for and as of the end of each fiscal year were as follows:”

Net SalesOperating Income (Loss)Depreciation/ AmortizationCapital ExpendituresAccounts ReceivableInventories
(In millions)
2021:
Semiconductor Systems$16,286$6,311$194$228$3,886$2,586
Applied Global Services5,0131,50832299221,561
Display and Adjacent Markets1,6343142732207153
Corporate and Other130(1,244)141379(62)9
Total$23,063$6,889$394$668$4,953$4,309

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Table 87 after “Net sales for Semiconductor Systems by end use application for the periods indicated were as follows:”

202120202019
Foundry, logic and other60%59%52%
Dynamic random-access memory (DRAM)19%20%22%
Flash memory21%21%26%
100%100%100%

Table 88 after “The reconciling items included in Corporate and Other were as follows:”

202120202019
(In millions)
Unallocated net sales$130$73$76
Unallocated cost of products sold and expenses(725)(533)(322)
Share-based compensation(346)(307)(263)
Severance and related charges(149)——
Deal termination fee(154)——
Total$(1,244)$(767)$(509)

Table 89 after “Net sales and long-lived assets by geographic region for and as of each fiscal year were as follows:”

202120202019
(In millions)
Net sales:
United States$2,038$1,619$1,871
China7,5355,4564,277
Korea5,0123,0311,929
Taiwan4,7423,9532,965
Japan1,9621,9962,198

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Table 90 after “Net sales and long-lived assets by geographic region for and as of each fiscal year were as follows:”

October 31, 2021October 25, 2020
(In millions)
Long-lived assets:
United States$1,965$1,628
China1014
Korea1621
Taiwan6259
Japan916

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Table 91 after “The following customers accounted for at least 10 percent of Applied’s net sales in each fiscal year, which were for products and services i”

202120202019
Samsung Electronics Co., Ltd.20%18%*
Taiwan Semiconductor Manufacturing Company Limited15%18%14%
Intel Corporation**12%

Table 92 after “These Exhibits are numbered in accordance with the Exhibit Table of Item 601 of Regulation S-K:”

Incorporated by Reference
Exhibit No.DescriptionFormFile No.Exhibit No.Filing Date
2.1Amendment to Share Purchase Agreement, dated as of January 1, 2021, by and among Applied Materials, Inc., Kokusai Electric Corporation and KKR HKE Investment L.P.8-K000-069202.11/4/2021
3.1Amended and Restated Certificate of Incorporation of Applied Materials, Inc., as amended and restated through March 16, 20208-K000-069203.13/16/2020
3.2Amended and Restated Bylaws of Applied Materials, Inc., as amended and restated through December 3, 20218-K000-069203.112/8/2021
4.1Indenture, dated June 8, 2011, by and between Applied Materials, Inc. and U.S. Bank National Association, as Trustee8-K000-069204.16/10/2011
4.2First Supplemental Indenture, dated June 8, 2011, by and between Applied Materials, Inc. and U.S. Bank National Association, as Trustee8-K000-069204.26/10/2011
4.3Second Supplemental Indenture, dated September 24, 2015, by and between Applied Materials, Inc. and U.S. Bank National Association, as Trustee8-K000-069204.19/24/2015

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Table 93 after “Table of Contents”

Incorporated by Reference
Exhibit No.DescriptionFormFile No.Exhibit No.Filing Date
10.12*Applied Materials, Inc. Omnibus Employees’ Stock Purchase Plan, effective September 1, 20218-K000-0692010.23/16/2021
10.13*Offer Letter, dated August 14, 2013, between Applied Materials, Inc. and Gary E. Dickerson10-Q000-0692010.28/22/2013
10.14*Form of Non-Qualified Stock Option Agreement for Employees for use under the Applied Materials, Inc. Employee Stock Incentive Plan, as amended10-Q000-0692010.48/22/2013
10.15*Form of Performance Unit Agreement for use under the Applied Materials, Inc. Employee Stock Incentive Plan, as amended10-Q000-0692010.22/20/2014
10.16*Form of Letter of Understanding for Long-Term Assignment10-K000-0692010.4912/17/2014
10.17*Applied Materials, Inc. Applied Incentive Plan, amended and restated effective October 27, 201410-Q000-0692010.42/19/2015

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Table 94 after “Table of Contents”

Incorporated by Reference
Exhibit No.DescriptionFormFile No.Exhibit No.Filing Date
101.SCHXBRL Taxonomy Extension Schema Document‡
101.CALXBRL Taxonomy Extension Calculation Linkbase Document‡
101.DEFXBRL Taxonomy Extension Definition Linkbase Document‡
101.LABXBRL Taxonomy Extension Label Linkbase Document‡
101.PREXBRL Taxonomy Extension Presentation Linkbase Document‡
104Cover Page Interactive Data File (formatted as inline XBRL)

Table 95 after “Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of”

TitleDate
/S/ GARY E. DICKERSONPresident, Chief Executive Officer and Director (Principal Executive Officer)December 17, 2021
Gary E. Dickerson
/S/ ROBERT J. HALLIDAYSenior Vice President, Chief Financial Officer (Principal Financial Officer)December 17, 2021
Robert J. Halliday
/S/ CHARLES W. READCorporate Vice President, Corporate Controller and Chief Accounting Officer (Principal Accounting Officer)December 17, 2021
Charles W. Read
/S/ THOMAS J. IANNOTTI

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