RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Feb. 02, 2024

The following table presents information about the impact of Dell Technologies’ related party transactions with VMware on the Consolidated Statements of Income for the periods presented:


		Fiscal Year Ended
	Classification		February 2, 2024 (a)		February 3, 2023		January 28, 2022

			(in millions)
Sales and leases of products to VMware	Net revenue - products		$	103	$	154	$	188
Purchase of VMware products for resale	Cost of net revenue - products		$	1,010	$	1,634	$	1,577
Purchase of VMware services for resale	Cost of net revenue - services		$	2,810	$	3,065	$	2,487

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(a) For the fiscal year ended February 2, 2024, amounts are reported only through November 21, 2023, the day immediately preceding the acquisition of VMware by Broadcom.

The following tables present amounts classified as related party balances on the Consolidated Statements of Financial Position as of the dates indicated:

Classification

February 3, 2023

(in millions)

Deferred costs related to VMware products and services for resale (a)

Other current assets

3,000

Deferred costs related to VMware products and services for resale (a)

Other non-current assets

2,537

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(a) Deferred costs are not reported as related party balances as of February 2, 2024 as the related party relationship with VMware terminated upon Broadcom’s acquisition of VMware.


	February 2, 2024 (a)		February 3, 2023

	(in millions)
Due from related party, net, current (b)	$	—	$	378
Due from related party, net, non-current (c)	$	—	$	440
Due to related party, current (d)	$	—	$	2,067

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(a) Amounts due from related party, net were reclassified into accounts receivable, net, other current assets, and other non-current assets, and amounts due to related party, net were reclassified into accounts payable as of February 2, 2024 as, subsequent to Broadcom’s acquisition of VMware, the amounts were no longer considered due from or due to a related party.

(b) Amounts due from related party, net, current consisted of amounts due from VMware, inclusive of current net tax receivables from VMware under the Tax Agreements described below. Amounts, excluding tax, were generally settled in cash within 60 days.

(c) Amounts due from related party, net, non-current consisted of the non-current portion of net receivables from VMware under the Tax Agreements.

(d) Amounts due to related party, current included amounts due to VMware, which were generally settled in cash within 60 days.