NON-CONTROLLING INTERESTS

6 Months Ended

Jul. 31, 2020

NOTE 13 — NON-CONTROLLING INTERESTS

VMware, Inc. — The non-controlling interests’ share of equity in VMware, Inc. is reflected as a component of the non-controlling interests in the Condensed Consolidated Statements of Financial Position and was $4.9 billion and $4.6 billion as of July 31, 2020 and January 31, 2020, respectively. As of July 31, 2020 and January 31, 2020, the Company held approximately 80.4% and 80.9%, respectively, of the outstanding equity interest in VMware, Inc.

As a result of VMware, Inc.’s acquisition of the non-controlling interest in Pivotal from Pivotal’s public shareholders on December 30, 2019, as described in Note 1 of the Notes to the Condensed Consolidated Financial Statements, the non-controlling interests’ share of equity in Pivotal is only reflected as a component of the non-controlling interest through December 30, 2019. Pivotal’s Class A common stock ceased to be listed and traded on the NYSE as of the acquisition date, and there was no non-controlling interest in Pivotal as of July 31, 2020 and January 31, 2020.

Secureworks — The non-controlling interests’ share of equity in Secureworks is reflected as a component of the non-controlling interests in the Condensed Consolidated Statements of Financial Position and was $94 million and $88 million as of July 31, 2020 and January 31, 2020, respectively. As of July 31, 2020 and January 31, 2020, the Company held approximately 85.9% and 86.8%, respectively, of the outstanding equity interest in Secureworks, excluding restricted stock awards (“RSAs”). As of July 31, 2020 and January 31, 2020, the Company held approximately 85.2% and 86.2%, respectively, of the outstanding equity interest in Secureworks, including RSAs.

The following table presents the effect of changes in the Company’s ownership interest in VMware, Inc. and Secureworks on the Company’s equity for the period indicated:


	Six Months Ended
	July 31, 2020
	(in millions)
Net income attributable to Dell Technologies Inc.	$	1,191
Transfers (to)/from the non-controlling interests:
Increase in Dell Technologies Inc. additional paid-in-capital for equity issuances and other equity activity	491
Decrease in Dell Technologies Inc. additional paid-in-capital for equity issuances and other equity activity	(529)
Net transfers to non-controlling interests	(38)
Change from net income attributable to Dell Technologies Inc. and transfers to the non-controlling interests	$	1,153