Balance Sheet Components

6 Months Ended

Jul. 31, 2016

Notes to financial statements [Abstract]

Balance Sheet Components

Balance Sheet Components

Certain balance sheet components are as follows:

	July 31,		January 31,
	2016		2016
Inventories:	(In millions)
Raw materials	$	133	$	105
Work in-process	143		103
Finished goods	245		210
Total inventories	$	521	$	418

As of July 31, 2016, we had outstanding inventory purchase obligations totaling $826 million.

	July 31,		January 31,
	2016		2016
Accrued and Other Current Liabilities:	(In millions)
Deferred revenue	$	251	$	322
Customer related liabilities (1)	144		160
Accrued payroll and related expenses	90		79
Accrued restructuring and other charges (2)	15		23
Professional service fees	14		23
Warranty accrual (3)	8		11
Income taxes payable	6		2
Contributions payable	4		3
Coupon interest on Notes	3		3
Other	21		16
Total accrued and other current liabilities	$	556	$	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.

	July 31,		January 31,
	2016		2016
Other Long-Term Liabilities:	(In millions)
Deferred income tax liability	$	372	$	301
Income taxes payable	80		78
Contributions payable	14		13
Interest rate swap (1)	12		7
Deferred revenue (2)	1		44
Other	15		10
Total other long-term liabilities	$	494	$	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.