Balance Sheet Components

9 Months Ended

Oct. 27, 2019

Notes to financial statements [Abstract]

Balance Sheet Components

Balance Sheet Components 

Certain balance sheet components are as follows:

	October 27,		January 27,
	2019		2019
Inventories:	(In millions)
Raw materials	$	255	$	613
Work in-process	265		238
Finished goods	527		724
Total inventories	$	1,047	$	1,575

	October 27,		January 27,
	2019		2019
Accrued and Other Current Liabilities:	(In millions)
Customer program accruals	$	353	$	302
Accrued payroll and related expenses	155		186
Deferred revenue (1)	119		92
Operating lease liabilities	89		—
Taxes payable	52		91
Licenses payable	18		12
Professional service fee	18		14
Other	80		121
Total accrued and other current liabilities	$	884	$	818

(1) Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements and post contract customer support, or PCS.

	October 27,		January 27,
	2019		2019
Other Long-Term Liabilities:	(In millions)
Income tax payable (1)	$	511	$	513
Deferred revenue (2)	57		46
Deferred income tax liability	25		19
Licenses payable	22		1
Employee benefits liability	22		20
Deferred rent	—		21
Other	25		13
Total other long-term liabilities	$	662	$	633

(1) As of October 27, 2019, represents the long-term portion of the one-time transition tax payable of $317 million, as well as unrecognized tax benefits of $168 million and related interest and penalties of $26 million.

(2) Deferred revenue primarily includes deferrals related to PCS.

Deferred Revenue

The following table shows the changes in deferred revenue during the first nine months of fiscal years 2020 and 2019.

	October 27,			October 28,
	2019			2018
	(In millions)
Balance, January 27, 2019	$	138		$	63
Deferred revenue added during the period	237			271
Revenue recognized during the period	(199		)	(214		)
Balance, October 27, 2019	$	176		$	120