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Balance Sheet Components (Tables)
6 Months Ended
Jul. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components are as follows:
 Jul 28, 2024Jan 28, 2024
Inventories:(In millions)
Raw materials$1,895 $1,719 
Work in process2,111 1,505 
Finished goods2,669 2,058 
Total inventories (1)$6,675 $5,282 
(1)    During the second quarter of fiscal years 2025 and 2024, we recorded an inventory provision of $345 million and $343 million, respectively and during the first half of fiscal years 2025 and 2024, we recorded an inventory provision of $555 million and $448 million, respectively, in cost of revenue.
Schedule of Other Assets
 Jul 28, 2024Jan 28, 2024
Other Assets (Long Term):(In millions)
Investments in non-affiliated entities$1,819 $1,546 
Prepaid supply and capacity agreements (1)1,313 2,458 
Prepaid royalties352 364 
Prepaid tax331 
Other186 130 
Total other assets$4,001 $4,500 
(1)    As of July 28, 2024 and January 28, 2024, there were $3.3 billion and $2.5 billion of short-term prepaid supply and capacity agreements included in short term Prepaid expenses and other current assets, respectively.
Schedule of Accrued and Other Current Liabilities
 Jul 28, 2024Jan 28, 2024
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$3,584 $2,081 
Excess inventory purchase obligations (1)2,051 1,655 
Taxes payable1,173 296 
Deferred revenue (2)948 764 
Accrued payroll and related expenses941 675 
Product warranty and return provisions868 415 
Operating leases250 228 
Licenses and royalties154 182 
Unsettled share repurchases130 187 
Other190 199 
Total accrued and other current liabilities$10,289 $6,682 
(1)    During the second quarter of fiscal years 2025 and 2024, we recorded $563 million and $232 million, respectively and during the first half of fiscal years 2025 and 2024, we recorded $746 million and $261 million, respectively, in cost of revenue.

(2)    Deferred revenue includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of July 28, 2024 and January 28, 2024 included $340 million and $233 million of customer advances, respectively.
Schedule of Other Long-term Liabilities
 Jul 28, 2024Jan 28, 2024
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$1,670 $1,361 
Deferred revenue (2)773 573 
Deferred income tax697 462 
Other196 145 
Total other long-term liabilities$3,336 $2,541 
(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 includes unearned revenue related to hardware support and software support.
Schedule of Changes in Deferred Revenue
The following table shows the changes in short and long term deferred revenue during the first half of fiscal years 2025 and 2024:
Six Months Ended
 Jul 28, 2024Jul 30, 2023
(In millions)
Balance at beginning of period$1,337 $572 
Deferred revenue additions1,478 713 
Revenue recognized(1,094)(556)
Balance at end of period$1,721 $729