Balance Sheet Components

9 Months Ended

Oct. 28, 2018

Notes to financial statements [Abstract]

Balance Sheet Components

Balance Sheet Components 

Certain balance sheet components are as follows:

	October 28,		January 28,
	2018		2018
Inventories:	(In millions)
Raw materials	$	634	$	227
Work in-process	259		192
Finished goods	524		377
Total inventories	$	1,417	$	796

As of October 28, 2018, we had outstanding inventory purchase obligations totaling $1.56 billion.

	October 28,		January 28,
	2018		2018
Accrued and Other Current Liabilities:	(In millions)
Customer program accruals	$	319	$	181
Accrued payroll and related expenses	151		172
Deferred revenue (1)	80		53
Taxes payable	40		33
Accrued royalties	19		17
Warranty accrual (2)	18		15
Professional service fees	15		15
Coupon interest on debt obligations	7		20
Other	54		36
Total accrued and other current liabilities	$	703	$	542

(1) Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements and PCS.

(2) Refer to Note 11 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties.

	October 28,		January 28,
	2018		2018
Other Long-Term Liabilities:	(In millions)
Income tax payable (1)	$	469	$	559
Deferred revenue (2)	40		15
Deferred income tax liability	23		18
Employee benefits liability	19		12
Deferred rent	17		9
Other	19		19
Total other long-term liabilities	$	587	$	632

(1) As of October 28, 2018, represents the long-term portion of the one-time transition tax payable of $337 million, as well as unrecognized tax benefits of $116 million and related interest and penalties of $16 million.

(2) Deferred revenue primarily includes deferrals related to license and development arrangements and PCS.