There are also four 16-bit segment registers (see figure) that allow the 8086 CPU to access one megabyte of memory in an unusual way. Rather than concatenating the segment register with the address register, as in most processors whose address space exceeds their register size, the 8086 shifts the 16-bit segment only four bits left before adding it to the 16-bit offset (16×segment + offset), therefore producing a 20-bit external (or effective or physical) address from the 32-bit segment:offset pair. As a result, each external address can be referred to by 212 = 4096 different segment:offset pairs.