v3.20.4
Balance Sheet Components (Tables)
 12 Months Ended
Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of inventory
 January 31,
2021		January 26,
2020
(In millions)
Inventories:
Raw materials$632 $249 
Work in-process457 265 
Finished goods737 465 
Total inventories$1,826 $979 
Summary of property and equipment
 January 31,
2021		January 26,
2020		Estimated
Useful Life
(In millions)(In years)
Property and Equipment:
Land$218 $218 (A)
Building341 340 
25-30
Test equipment782 532 
3-5
Computer equipment and software1,187 908 
3-5
Leasehold improvements385 293 (B)
Office furniture and equipment86 74 5
Construction in process558 320 (C)
Total property and equipment, gross3,557 2,685  
Accumulated depreciation and amortization(1,408)(1,011) 
Total property and equipment, net$2,149 $1,674  
(A)Land is a non-depreciable asset.
(B)Leasehold improvements and finance leases are amortized based on the lesser of either the asset’s estimated useful life or the expected lease term.
(C)Construction in process represents assets that are not available for their intended use as of the balance sheet date.
Summary of other assets
 January 31,
2021		January 26,
2020
Other assets:(In millions)
Advanced consideration for acquisition$1,357 $— 
Prepaid royalties440 1 
Investment in non-affiliated entities144 77 
Deposits136 8 
Other67 32 
Total other assets$2,144 $118 
Summary of accrued and other current liabilities
 January 31,
2021		January 26,
2020
(In millions)
Accrued and Other Current Liabilities:
Customer program accruals$630 $462 
Accrued payroll and related expenses297 185 
Deferred revenue (1)288 141 
Licenses and royalties128 66 
Operating leases121 91 
Coupon interest on debt obligations74 20 
Taxes payable61 61 
Product warranty and return provisions39 24 
Professional service fees26 18 
Other61 29 
Total accrued and other current liabilities$1,725 $1,097 
(1)Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements and PCS.
Summary of other long-term liabilities
 January 31,
2021		January 26,
2020
(In millions)
Other Long-Term Liabilities:
Income tax payable (1)$836 $528 
Deferred income tax241 29 
Deferred revenue (2)163 60 
Licenses payable56 110 
Employee benefits33 22 
Other46 26 
Total other long-term liabilities$1,375 $775 
(1)As of January 31, 2021, income tax payable represents the long-term portion of the one-time transition tax payable of $284 million, long-term portion of the unrecognized tax benefits of $352 million, related interest and penalties of $43 million, and other foreign long-term tax payable of $157 million.
(2)Deferred revenue primarily includes deferrals related to PCS.
Schedule of changes in deferred revenue
The following table shows the changes in deferred revenue during fiscal years 2021 and 2020.
 January 31,
2021		January 26,
2020
(In millions)
Balance at beginning of period$201 $138 
Deferred revenue added during the period536 334 
Addition due to business combinations75 — 
Revenue recognized during the period(361)(271)
Balance at end of period$451 $201