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Balance Sheet Components
 12 Months Ended
Jan. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
Certain balance sheet components are as follows:
 January 30,
2022		January 31,
2021
(In millions)
Inventories:
Raw materials$791 $632 
Work in-process692 457 
Finished goods1,122 737 
Total inventories$2,605 $1,826 

 January 30,
2022		January 31,
2021		Estimated
Useful Life
(In millions)(In years)
Property and Equipment:
Land$218 $218 (A)
Buildings, leasehold improvements, and furniture874 796 (B)
Equipment, compute hardware, and software2,852 1,985 
3-5
Construction in process737 558 (C)
Total property and equipment, gross4,681 3,557  
Accumulated depreciation and amortization(1,903)(1,408) 
Total property and equipment, net$2,778 $2,149  
(A)Land is a non-depreciable asset.
(B)The estimated useful lives of our buildings are up to thirty years. 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.
Depreciation expense for fiscal years 2022, 2021, and 2020 was $611 million, $486 million, and $355 million, respectively.
Accumulated amortization of leasehold improvements and finance leases was $265 million and $223 million as of January 30, 2022 and January 31, 2021, respectively.
Property, equipment and intangible assets acquired by assuming related liabilities during fiscal years 2022, 2021, and 2020 were $258 million, $157 million, and $212 million, respectively.
 January 30,
2022		January 31,
2021
Other assets:(In millions)
Prepaid supply agreements$1,747 $— 
Advanced consideration for acquisition (1)1,357 1,357 
Prepaid royalties409 440 
Investment in non-affiliated entities266 144 
Other62 203 
Total other assets$3,841 $2,144 
(1)Refer to Note 2 - Business Combination for further details on the Arm acquisition.
 January 30,
2022		January 31,
2021
(In millions)
Accrued and Other Current Liabilities:
Customer program accruals$1,000 $630 
Accrued payroll and related expenses409 297 
Deferred revenue (1)300 288 
Excess inventory purchase obligations196 52 
Other647 510 
Total accrued and other current liabilities$2,552 $1,777 
(1)Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements, support for hardware and software, and cloud services.
 January 30,
2022		January 31,
2021
(In millions)
Other Long-Term Liabilities:
Income tax payable (1)$980 $836 
Deferred income tax245 241 
Deferred revenue (2)202 163 
Other126 135 
Total other long-term liabilities$1,553 $1,375 
(1)As of January 30, 2022, income tax payable represents the long-term portion of the one-time transition tax payable of $251 million, long-term portion of the unrecognized tax benefits of $670 million, and related interest and penalties of $59 million.
(2)Deferred revenue primarily includes deferrals related to support for hardware and software.
Deferred Revenue
The following table shows the changes in deferred revenue during fiscal years 2022 and 2021.
 January 30,
2022		January 31,
2021
(In millions)
Balance at beginning of period$451 $201 
Deferred revenue added during the period821 536 
Addition due to business combinations8 75 
Revenue recognized during the period(778)(361)
Balance at end of period$502 $451 
Revenue related to remaining performance obligations represents the contracted license and development arrangements and support for hardware and software. This includes deferred revenue currently recorded and amounts that will be invoiced in future periods. As of January 30, 2022, $624 million of revenue related to performance obligations had not been recognized, of which we expect to recognize approximately 49% over the next twelve months and the remainder thereafter. This excludes revenue related to performance obligations for contracts with a length of one year or less.