Balance Sheet Components

Certain balance sheet components are as follows:



	October 26,		January 26,
	2014		2014
Inventories:	(In thousands)
Raw materials	$	128,588	$	126,896
Work in-process	78,849		94,844
Finished goods	200,644		166,025
Total inventories	$	408,081	$	387,765

At October 26, 2014, we had outstanding inventory purchase obligations totaling $512.2 million.



	October 26,		January 26,
	2014		2014
Accrued Liabilities and Other Current Liabilities:	(In thousands)
Deferred revenue, short-term	$	240,829	$	265,616
Accrued customer programs (1)	154,185		157,840
Accrued payroll and related expenses	98,870		109,721
Accrued legal settlement (2)	30,600		30,600
Customer advances	17,806		9,297
Professional service fees	12,368		13,572
Warranty accrual (3)	7,222		7,571
Coupon interest on Notes	6,292		2,500
Taxes payable, short-term	5,512		2,378
Facilities related liabilities	15,781		5,216
Other	16,345		16,794
Total accrued liabilities and other current liabilities	$	605,810	$	621,105

(1) Please refer to Note 1 of the Notes to the Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended January 26, 2014, for discussion regarding the nature of accrued customer programs and their accounting treatment related to our revenue recognition policies and estimates.

(2) Please refer to Note 12 of these Notes to Condensed Consolidated Financial Statements for discussion regarding the 3dfx litigation.

(3) Please refer to Note 10 of these Notes to Condensed Consolidated Financial Statements for discussion regarding the warranty accrual.



	October 26,		January 26,
	2014		2014
Other Long-Term Liabilities:	(In thousands)
Deferred income tax liability	$	210,388	$	157,953
Income taxes payable, long-term	122,854		119,977
Deferred revenue, long-term (1)	—		172,199
Asset retirement obligation	7,406		11,056
Other	14,485		13,940
Total other long-term liabilities	$	355,133	$	475,125

(1) Consists primarily of annual consideration received in advance of our performance obligation under our patent cross licensing agreement with Intel Corporation entered into in January 2011. The decrease in deferred revenue, long-term, is a result of revenue recognized during the nine months ended October 26, 2014.