v3.24.3
Balance Sheet Components (Tables)
 9 Months Ended
Oct. 27, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components are as follows:
 Oct 27, 2024Jan 28, 2024
Inventories:(In millions)
Raw materials$1,846 $1,719 
Work in process2,881 1,505 
Finished goods2,927 2,058 
Total inventories (1)$7,654 $5,282 
(1)    We recorded an inventory provision of $322 million and $208 million for the third quarter, and $876 million and $657 million for the first nine months, of fiscal years 2025 and 2024, respectively, in cost of revenue.
Schedule of Other Assets
 Oct 27, 2024Jan 28, 2024
Other Assets (Long Term):(In millions)
Investments in non-affiliated entities$2,237 $1,546 
Prepaid supply and capacity agreements (1)2,041 2,458 
Income tax receivable568 — 
Prepaid royalties346 364 
Other245 132 
Total other assets$5,437 $4,500 
(1)    Prepaid supply and capacity agreements of $3.2 billion and $2.5 billion were included in Prepaid expenses and other current assets as of October 27, 2024 and January 28, 2024, respectively.
Schedule of Accrued and Other Current Liabilities
 Oct 27, 2024Jan 28, 2024
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$4,740 $2,081 
Excess inventory purchase obligations (1)1,728 1,655 
Taxes payable1,356 296 
Product warranty and return provisions1,107 415 
Deferred revenue (2)752 764 
Accrued payroll and related expenses677 675 
Operating leases273 228 
Unsettled share repurchases180 187 
Licenses and royalties148 182 
Other165 199 
Total accrued and other current liabilities$11,126 $6,682 
(1)    We recorded $543 million and $473 million for the third quarter, and $1.3 billion and $734 million for the first nine months, of fiscal years 2025 and 2024, respectively, in cost of revenue.

(2)    Includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of October 27, 2024 and January 28, 2024 included $101 million and $233 million of customer advances, respectively.
Schedule of Other Long-term Liabilities
 Oct 27, 2024Jan 28, 2024
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$1,945 $1,361 
Deferred revenue (2)833 573 
Deferred income tax790 462 
Other115 145 
Total other long-term liabilities$3,683 $2,541 
(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)    Includes unearned revenue related to hardware support, software support and cloud services.
Schedule of Changes in Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during the first nine months of fiscal years 2025 and 2024:
Nine Months Ended
 Oct 27, 2024Oct 29, 2023
(In millions)
Balance at beginning of period$1,337 $572 
Deferred revenue additions2,115 1,269 
Revenue recognized(1,867)(903)
Balance at end of period$1,585 $938