Balance Sheet Components

3 Months Ended

May. 01, 2016

Notes to financial statements [Abstract]

Balance Sheet Components

Balance Sheet Components

Certain balance sheet components are as follows:

	May 1,		January 31,
	2016		2016
Inventories:	(In millions)
Raw materials	$	124	$	105
Work in-process	105		103
Finished goods	165		210
Total inventories	$	394	$	418

As of May 1, 2016, we had outstanding inventory purchase obligations totaling $696 million.

	May 1,		January 31,
	2016		2016
Accrued and Other Current Liabilities:	(In millions)
Deferred revenue	$	350	$	322
Customer related liabilities (1)	142		160
Accrued payroll and related expenses	62		79
Accrued restructuring and other charges (2)	19		23
Professional service fees	18		23
Warranty accrual (3)	10		11
Income taxes payable	9		2
Coupon interest on Notes	6		3
Contributions payable	4		3
Other	16		16
Total accrued and other current liabilities	$	636	$	642

(1) Customer related liabilities include accrued customer programs, such as rebates and marketing development funds.

(2) Please refer to Note 15 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding restructuring and other charges.

(3) Please refer to Note 10 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties.

	May 1,		January 31,
	2016		2016
Other Long-Term Liabilities:	(In millions)
Deferred income tax liability	$	333	$	301
Income taxes payable	78		78
Contributions payable	15		13
Interest rate swap (1)	8		7
Deferred revenue (2)	1		44
Other	12		10
Total other long-term liabilities	$	447	$	453

(1) Please refer to Note 9 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding our interest rate swap.

(2) Deferred revenue under our patent cross licensing agreement with Intel Corporation is now located in short term deferred revenue as less than twelve months remains on the agreement.