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Goodwill and Intangible Assets | 6 Months Ended
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Apr. 28, 2024
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 28, 2024, 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 28, 2024 and October 29, 2023 were as follows:
| April 28, 2024 |  | October 29, 2023
| (In millions)
Goodwill by reportable segment |  |  |
Semiconductor Systems | $ | 2,460 |  |  | $ | 2,460 |
Applied Global Services | 1,032 |  |  | 1,032 |
Display and Adjacent Markets | 199 |  |  | 199 |
Corporate and Other | 41 |  |  | 41 |
| $ | 3,732 |  |  | $ | 3,732 |
Intangible Assets Details of intangible assets other than goodwill were as follows:
| April 28, 2024 |  | October 29, 2023
| 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 | $ | 2,001 |  |  | $ | (1,734) |  |  | $ | 267 |  |  | $ | 2,001 |  |  | $ | (1,714) |  |  | $ | 287 |
Applied Global Services | 79 |  |  | (79) |  |  | — |  |  | 79 |  |  | (78) |  |  | 1 |
Display and Adjacent Markets | 194 |  |  | (194) |  |  | — |  |  | 194 |  |  | (194) |  |  | — |
Corporate and Other | 37 |  |  | (31) |  |  | 6 |  |  | 36 |  |  | (30) |  |  | 6 |
Total intangible assets with finite lives | $ | 2,311 |  |  | $ | (2,038) |  |  | $ | 273 |  |  | $ | 2,310 |  |  | $ | (2,016) |  |  | $ | 294 |
Amortization expense of intangible assets was $11 million and $22 million during the three and six months ended April 28, 2024, respectively. Amortization expense of intangible assets was $12 million and $23 million during the three and six months ended April 30, 2023, respectively. As of April 28, 2024, future estimated amortization expense of intangible assets with finite lives is expected to be as follows:
| Amortization Expense
| (In millions)
2024 (remaining 6 months) | $ | 21 |
2025 | 41 |
2026 | 40 |
2027 | 26 |
2028 | 23 |
Thereafter | 122 |
Total | $ | 273 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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