XML 53 R37.htm IDEA: XBRL DOCUMENT v3.24.0.1
Balance Sheet Components (Tables)
 12 Months Ended
Jan. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components are as follows:
 Jan 28, 2024Jan 29, 2023
(In millions)
Inventories (1):
Raw materials$1,719 $2,430 
Work in-process1,505 466 
Finished goods2,058 2,263 
Total inventories$5,282 $5,159 
(1) In fiscal years 2024 and 2023, we recorded an inventory provision of $774 million and $1.0 billion, respectively, in cost of revenue.
Schedule of Property and Equipment
 Jan 28, 2024Jan 29, 2023Estimated
Useful Life
(In millions)(In years)
Property and Equipment:
Land$218 $218 (A)
Buildings, leasehold improvements, and furniture1,816 1,598 (B)
Equipment, compute hardware, and software5,200 4,303 
3-7
Construction in process189 382 (C)
Total property and equipment, gross7,423 6,501  
Accumulated depreciation and amortization(3,509)(2,694) 
Total property and equipment, net$3,914 $3,807  
(A)Land is a non-depreciable asset.
(B)The estimated useful lives of our buildings are up to thirty years. Leasehold improvements and finance leases are amortized based on the lesser of either the asset’s estimated useful life or the expected remaining lease term.
(C)Construction in process represents assets that are not available for their intended use as of the balance sheet date.
Schedule of Other Assets
 Jan 28, 2024Jan 29, 2023
Other assets:(In millions)
Prepaid supply and capacity agreements (1)$2,458 $2,989 
Investments in non-affiliated entities1,546 299 
Prepaid royalties364 387 
Other132 145 
Total other assets$4,500 $3,820 
(1)As of January 28, 2024 and January 29, 2023, there was an additional $2.5 billion and $458 million of short-term prepaid supply and capacity agreements included in Prepaid expenses and other current assets, respectively.
Schedule of Accrued and Other Current Liabilities
 Jan 28, 2024Jan 29, 2023
(In millions)
Accrued and Other Current Liabilities:
Customer program accruals$2,081 $1,196 
Excess inventory purchase obligations (1)1,655 954 
Deferred revenue (2)764 354 
Accrued payroll and related expenses675 530 
Product warranty and return provisions415 108 
Taxes payable296 467 
Operating leases228 176 
Unsettled share repurchases187 117 
Licenses and royalties182 149 
Other199 69 
Total accrued and other current liabilities$6,682 $4,120 
(1)In fiscal years 2024 and 2023, we recorded an expense of approximately $1.4 billion and $1.1 billion, respectively, in cost of revenue for inventory purchase obligations in excess of our current demand projections, supplier charges and for penalties related to cancellations and underutilization.
(2)Deferred revenue primarily includes customer advances and deferrals related to support for hardware and software, license and development arrangements, and cloud services. $233 million and $35 million of the balance in fiscal 2024 and 2023 respectively, related to customer advances.
Schedule of Other Long-term Liabilities
 Jan 28, 2024Jan 29, 2023
(In millions)
Other Long-Term Liabilities:
Income tax payable (1)$1,361 $1,204 
Deferred income tax462 247 
Deferred revenue (2)573 218 
Licenses payable80 181 
Other65 63 
Total other long-term liabilities$2,541 $1,913 
(1)Income tax payable is comprised of the long-term portion of the one-time transition tax payable, unrecognized tax benefits, and related interest and penalties.
(2)Deferred revenue primarily includes deferrals related to support for hardware and software.
Schedule of Changes in Deferred Revenue
The following table shows the changes in deferred revenue during fiscal years 2024 and 2023.
 Jan 28, 2024Jan 29, 2023
(In millions)
Balance at beginning of period$572 $502 
Deferred revenue additions during the period2,038 830 
Revenue recognized during the period(1,273)(760)
Balance at end of period$1,337 $572