RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Apr. 29, 2022

Related Party Transactions [Abstract]

Schedule of related party transactions

The following table presents information about the impact of Dell Technologies’ related party transactions with VMware on the Condensed Consolidated Statements of Income for the periods indicated:

		Three Months Ended
	Classification	April 29, 2022	April 30, 2021
		(in millions)
Sales and leases of products to VMware	Net revenue - products	46	47
Purchase of VMware products for resale	Cost of net revenue - products	255	319
Purchase of VMware services for resale	Cost of net revenue - services	709	578

The following table presents information about the impact of Dell Technologies’ related party transactions with VMware on the Condensed Consolidated Statements of Financial Position for the periods indicated:

	Classification	April 29, 2022		January 28, 2022
		(in millions)
Deferred costs related to VMware products and services for resale	Other current assets	$	2,493	$	2,571
Deferred costs related to VMware products and services for resale	Other non-current assets	$	2,060	$	2,311

The following table presents amounts due to and from VMware as of the dates indicated:

	April 29, 2022		January 28, 2022
	(in millions)
Due from related party, net, current (a)	$	131	$	131
Due from related party, net, non-current (b)	$	713	$	710
Due to related party, current (c)	$	622	$	1,414

____________________

(a)    Amounts due from related party, current consists of amounts due from VMware, inclusive of current net tax receivables from VMware under the Tax Agreements. Amounts, excluding tax, are generally settled in cash within 60 days of each quarter-end.

(b) Amounts in due from related party, non-current consists of non-current portion of net receivables from VMware under the Tax Agreements.

(c) Amounts in due to related party, current includes amounts due to VMware which are generally settled in cash within 60 days of each quarter-end.