Balance Sheet Components

3 Months Ended

Apr. 29, 2018

Notes to financial statements [Abstract]

Balance Sheet Components

Balance Sheet Components 

Certain balance sheet components are as follows:

	April 29,		January 28,
	2018		2018
Inventories:	(In millions)
Raw materials	$	214	$	227
Work in-process	254		192
Finished goods	329		377
Total inventories	$	797	$	796

As of April 29, 2018, we had outstanding inventory purchase obligations totaling $1.69 billion.

	April 29,		January 28,
	2018		2018
Accrued and Other Current Liabilities:	(In millions)
Customer program accruals	$	182	$	181
Accrued payroll and related expenses	94		172
Deferred revenue (1)	56		53
Taxes payable	38		33
Accrued royalties	17		17
Professional service fees	16		15
Warranty accrual (2)	15		15
Coupon interest on debt obligations	7		20
Other	44		36
Total accrued and other current liabilities	$	469	$	542

(1) Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements and PCS.

(2) Refer to Note 11 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties.

	April 29,		January 28,
	2018		2018
Other Long-Term Liabilities:	(In millions)
Income tax payable (1)	$	569	$	559
Deferred income tax liability	19		18
Employee benefits liability	18		12
Deferred revenue (2)	18		15
Deferred rent	12		9
Other	15		19
Total other long-term liabilities	$	651	$	632

(1) As of April 29, 2018, represents the long-term portion of the one-time transition tax payable of $369 million, as well as unrecognized tax benefits of $184 million and related interest and penalties of $16 million.

(2) Deferred revenue primarily includes deferrals related to license and development arrangements and PCS.