v3.23.3
Balance Sheet Components (Tables)
 9 Months Ended
Oct. 29, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of inventory
Certain balance sheet components are as follows:
October 29,January 29,
 20232023
Inventories (1):(In millions)
Raw materials$1,663 $2,430 
Work in-process1,338 466 
Finished goods1,778 2,263 
Total inventories$4,779 $5,159 
(1)    During the third quarter of fiscal years 2024 and 2023, we recorded an inventory provision of approximately $208 million and $354 million, respectively, in cost of revenue.
Schedule of other assets
October 29,January 29,
 20232023
Other Assets:(In millions)
Prepaid supply and capacity agreements (1)$2,927 $2,989 
Investments in non-affiliated entities1,172 299 
Prepaid royalties369 387 
Prepaid cloud services60 23 
Other139 122 
Total other assets$4,667 $3,820 
(1)    As of October 29, 2023 and January 29, 2023, there were an additional $743 million 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
October 29,January 29,
 20232023
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$1,771 $1,196 
Excess inventory purchase obligations (1)1,280 954 
Accrued payroll and related expenses516 530 
Deferred revenue (2)513 354 
Taxes payable420 467 
Product warranty and return provisions299 108 
Operating leases230 176 
Licenses and royalties150 149 
Unsettled share repurchases117 — 
Other176 186 
Total accrued and other current liabilities$5,472 $4,120 
(1)    During the third quarter of fiscal years 2024 and 2023, we recorded an expense of approximately $473 million and $348 million, 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 license and development arrangements, support for hardware and software, and cloud services.
Schedule of other long-term liabilities
October 29,January 29,
 20232023
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$1,206 $1,204 
Deferred revenue (2)425 218 
Deferred income tax424 247 
Licenses payable113 181 
Other66 63 
Total other long-term liabilities$2,234 $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 the first nine months of fiscal years 2024 and 2023:
October 29,October 30,
 20232022
(In millions)
Balance at beginning of period$572 $502 
Deferred revenue additions during the period1,269 577 
Revenue recognized during the period(903)(528)
Balance at end of period$938 $551