| Display and Adjacent Markets | Q4 FY2017 | Q4 FY2016 | FY2017 | FY2016 | |||||||||||
| (In millions, except percentages) | |||||||||||||||
| Net sales | $ | 677 | $ | 452 | $ | 1,900 | $ | 1,206 | |||||||
| Operating income | 212 | 103 | 502 | 245 | |||||||||||
| Operating margin | 31.3 | % | 22.8 | % | 26.4 | % | 20.3 | % | |||||||
| Non-GAAP Adjusted Results | |||||||||||||||
| Non-GAAP adjusted operating income | $ | 215 | $ | 103 | $ | 507 | $ | 245 | |||||||
| Non-GAAP adjusted operating margin | 31.8 | % | 22.8 | % | 26.7 | % | 20.3 | % | |||||||
Backlog Information
Backlog by reportable segment as of October 29, 2017 and October 30, 2016 was as follows:
| FY2017 | FY2016 | ||||||||||||
| (In millions, except percentages) | |||||||||||||
| Semiconductor Systems | $ | 2,991 | 49 | % | $ | 2,098 | 45 | % | |||||
| Applied Global Services | 1,130 | 19 | % | 866 | 19 | % | |||||||
| Display and Adjacent Markets | 1,847 | 31 | % | 1,539 | 34 | % | |||||||
| Corporate and Other | 63 | 1 | % | 75 | 2 | % | |||||||
| Total | $ | 6,031 | 100 | % | $ | 4,578 | 100 | % | |||||
Use of Non-GAAP Adjusted Financial Measures
Applied provides investors with certain non-GAAP adjusted financial measures, which are adjusted to exclude the impact of certain costs, expenses, gains and losses, including certain items related to mergers and acquisitions; restructuring charges and any associated adjustments; impairments of assets, or investments; gain or loss on sale of strategic investments; income tax items and certain other discrete adjustments. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release.
