DEBT (Tables)

6 Months Ended

Aug. 02, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The following table presents DFS debt as of the dates indicated and excludes the allocated portion of the Company’s other borrowings, which represents the additional amount considered to fund the DFS business:

	August 2, 2024		February 2, 2024
DFS debt	(in millions)
DFS U.S. debt:
Asset-based financing facility	$	3,067	$	2,730
Fixed-term securitization offerings	2,841		3,157
Other	25		28
Total DFS U.S. debt, principal amount	5,933		5,915
DFS international debt:
Securitization facility	704		761
Other borrowings	877		935
Note payable	—		250
Dell Bank senior unsecured eurobonds	1,619		1,631
Total DFS international debt, principal amount	3,200		3,577
Total DFS debt, principal amount	$	9,133	$	9,492
Total short-term DFS debt	$	5,682	$	5,863
Total long-term DFS debt	$	3,451	$	3,629

The following table summarizes the Company’s outstanding debt as of the dates indicated:

	August 2, 2024		February 2, 2024
	(in millions)
Senior Notes	$	14,580	$	15,607
Legacy Notes	952		952
DFS Debt (Note 4)	9,133		9,492
Other	79		171
Total debt, principal amount	24,744		26,222
Unamortized discount, net of unamortized premium	(112)		(114)
Debt issuance costs	(110)		(114)
Total debt, carrying value	$	24,522	$	25,994
Total short-term debt, carrying value	$	6,711	$	6,982
Total long-term debt, carrying value	$	17,811	$	19,012

Schedule of Aggregate Future Maturities

The following table presents the aggregate future maturities of the Company’s debt as of August 2, 2024, excluding associated carrying value adjustments, for the periods indicated:

	August 2, 2024
	(in millions)
Fiscal 2025 (remaining six months)	$	2,796
Fiscal 2026	4,567
Fiscal 2027	5,838
Fiscal 2028	1,195
Fiscal 2029	1,326
Thereafter	9,022
Total maturities, principal amount	$	24,744