Balance Sheet Components

Certain balance sheet components are as follows:



	July 26,		January 25,
	2015		2015
Inventories:	(In millions)
Raw materials	$	139	$	157
Work in-process	107		92
Finished goods	195		234
Total inventories	$	441	$	483

At July 26, 2015, we had outstanding inventory purchase obligations totaling $487 million.



	July 26,		January 25,
	2015		2015
Accrued and Other Current Liabilities:	(In millions)
Unearned revenue (1)	$	321	$	296
Customer related liabilities (2)	130		143
Accrued payroll and related expenses	111		112
Warranty accrual (3)	28		8
Professional service fees	29		17
Accrued restructuring and other charges (4)	18		—
Coupon interest on Notes	3		3
Taxes payable	3		3
Facilities related liabilities	1		8
Other	15		13
Total accrued and other current liabilities	$	659	$	603


(1)	Unearned revenue primarily includes deferred revenue.


(2)	Customer related liabilities primarily includes accrued customer programs. Please refer to Note 1 of the Notes to the Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended January 25, 2015, for discussion regarding the nature of accrued customer programs and their accounting treatment related to our revenue recognition policies and estimates.


(3)	Please refer to Note 9 of these Notes to Condensed Consolidated Financial Statements for discussion regarding the warranty accrual.


(4)	Please refer to Note 14 of these Notes to Condensed Consolidated Financial Statements for discussion regarding the restructuring and other charges accrual.



	July 26,		January 25,
	2015		2015
Other Long-Term Liabilities:	(In millions)
Deferred income tax liability	$	292	$	232
Income taxes payable	124		121
Asset retirement obligation	7		7
Deferred revenue (1)	1		108
Other	23		21
Total other long-term liabilities	$	447	$	489

(1) Consists primarily of consideration received in advance of our performance obligations under the patent cross licensing agreement that we entered into with Intel Corporation in January 2011. The decrease in deferred revenue, long-term, is a result of revenue recognized during the six months ended July 26, 2015.