0001571996-20-000051 | 10-Q | XBRL Viewer

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Cover Page - shares	9 Months Ended
Cover Page - shares	Oct. 30, 2020	Nov. 27, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 30, 2020
Document Transition Report	false
Entity File Number	001-37867
Entity Registrant Name	Dell Technologies Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	80-0890963
Entity Address, Address Line One	One Dell Way
Entity Address, City or Town	Round Rock
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78682
City Area Code	800
Local Phone Number	289-3355
Title of 12(b) Security	Class C Common Stock, par value $0.01 per share
Trading Symbol	DELL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001571996
Current Fiscal Year End Date	--01-29
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding - Class C
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		263,653,066
Entity Common Stock, Shares Outstanding - Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		384,466,095
Entity Common Stock, Shares Outstanding - Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		101,685,217

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Current assets:
Cash and cash equivalents	$ 11,304	$ 9,302
Accounts receivable, net of allowance of $115 and $94 (Note 18)	11,377	12,484
Short-term financing receivables, net of allowance of $217 and $109 (Note 4)	4,872	4,895
Inventories, net	3,393	3,281
Other current assets	7,668	6,906
Total current assets	38,614	36,868
Property, plant, and equipment, net	6,344	6,055
Long-term investments	1,655	864
Long-term financing receivables, net of allowance of $90 and $40 (Note 4)	5,374	4,848
Goodwill	40,643	41,691
Intangible assets, net	15,257	18,107
Other non-current assets	11,061	10,428
Total assets	118,948	118,861
Current liabilities:
Short-term debt	6,536	7,737
Accounts payable	19,792	20,065
Accrued and other	8,715	9,773
Short-term deferred revenue	15,259	14,881
Total current liabilities	50,302	52,456
Long-term debt	43,325	44,319
Long-term deferred revenue	13,422	12,919
Other non-current liabilities	5,433	5,383
Total liabilities	112,482	115,077
Commitments and contingencies (Note 10)
Redeemable shares (Note 16)	527	629
Stockholders’ equity (deficit):
Common stock and capital in excess of $0.01 par value (Note 14)	16,719	16,091
Treasury stock at cost	(305)	(65)
Accumulated deficit	(14,978)	(16,891)
Accumulated other comprehensive loss	(553)	(709)
Total Dell Technologies Inc. stockholders’ equity (deficit)	883	(1,574)
Non-controlling interests	5,056	4,729
Total stockholders’ equity	5,939	3,155
Total liabilities, redeemable shares, and stockholders’ equity	$ 118,948	$ 118,861

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss	$ 115	$ 94
Short-term financing receivables, allowance	217	109
Long-term financing receivables, allowance	$ 90	$ 40
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Net revenue:
Total net revenue	$ 23,482	$ 22,844	$ 68,112	$ 68,122
Cost of net revenue:
Total cost of net revenue	16,221	15,718	46,842	46,873
Gross margin	7,261	7,126	21,270	21,249
Operating expenses:
Selling, general, and administrative	4,772	5,028	14,419	15,677
Research and development	1,360	1,262	3,884	3,667
Total operating expenses	6,132	6,290	18,303	19,344
Operating income	1,129	836	2,967	1,905
Interest and other, net	273	(677)	(929)	(2,000)
Income (loss) before income taxes	1,402	159	2,038	(95)
Income tax expense (benefit)	521	(393)	(124)	(5,208)
Net income	881	552	2,162	5,113
Less: Net income attributable to non-controlling interests	49	53	139	905
Net income attributable to Dell Technologies Inc.	$ 832	$ 499	$ 2,023	$ 4,208
Earnings per share attributable to Dell Technologies Inc.
Dell Technologies Common Stock — Basic (in dollars per share)	$ 1.11	$ 0.69	$ 2.73	$ 5.84
Dell Technologies Common Stock — Diluted (in dollars per share)	$ 1.08	$ 0.66	$ 2.64	$ 5.50
Products
Net revenue:
Total net revenue	$ 17,352	$ 17,275	$ 50,127	$ 51,765
Cost of net revenue:
Total cost of net revenue	13,789	13,558	39,923	40,526
Services
Net revenue:
Total net revenue	6,130	5,569	17,985	16,357
Cost of net revenue:
Total cost of net revenue	$ 2,432	$ 2,160	$ 6,919	$ 6,347

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 881	$ 552	$ 2,162	$ 5,113
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(21)	50	243	(186)
Cash flow hedges:
Change in unrealized gains (losses)	45	(47)	(45)	210
Reclassification adjustment for net gains included in net income	84	(71)	(24)	(197)
Net change in cash flow hedges	129	(118)	(69)	13
Pension and other postretirement plans:
Recognition of actuarial net gains (losses) from pension and other postretirement plans	1	0	(21)	8
Reclassification adjustments for net losses from pension and other postretirement plans	(1)	0	3	0
Net change in actuarial net gains (losses) from pension and other postretirement plans	0	0	(18)	8
Total other comprehensive income (loss), net of tax expense (benefit) of $9 and $(6), respectively, and $(3) and $1, respectively	108	(68)	156	(165)
Comprehensive income, net of tax	989	484	2,318	4,948
Less: Net income attributable to non-controlling interests	49	53	139	905
Less: Other comprehensive income (loss) attributable to non-controlling interests	1	(1)	0	0
Comprehensive income attributable to Dell Technologies Inc.	$ 939	$ 432	$ 2,179	$ 4,043

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Statement of Comprehensive Income [Abstract]
Tax expense (benefit)	$ 9	$ (6)	$ (3)	$ 1

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

+ References

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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=121641772&loc=d3e640-108580

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019
Cash flows from operating activities:
Net income	$ 2,162	$ 5,113
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	4,017	4,608
Stock-based compensation expense	1,219	886
Deferred income taxes	(219)	(5,927)
Other, net	(322)	866
Changes in assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable	885	800
Financing receivables	(624)	(592)
Inventories	(198)	364
Other assets and liabilities	(2,175)	(2,445)
Accounts payable	(216)	299
Deferred revenue	1,001	1,811
Change in cash from operating activities	5,530	5,783
Cash flows from investing activities:
Purchases of investments	(296)	(142)
Maturities and sales of investments	98	449
Capital expenditures and capitalized software development costs	(1,584)	(1,876)
Acquisition of businesses and assets, net	(405)	(2,437)
Divestitures of businesses and assets, net	2,187	(3)
Other	26	27
Change in cash from investing activities	26	(3,982)
Cash flows from financing activities:
Proceeds from the issuance of common stock	389	451
Repurchases of parent common stock	(240)	(6)
Repurchases of subsidiary common stock	(890)	(1,686)
Proceeds from debt	14,772	17,656
Repayments of debt	(17,244)	(18,948)
Other	(270)	(67)
Change in cash from financing activities	(3,483)	(2,600)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(67)	(100)
Change in cash, cash equivalents, and restricted cash	2,006	(899)
Cash, cash equivalents, and restricted cash at beginning of the period	10,151	10,240
Cash, cash equivalents, and restricted cash at end of the period	$ 12,157	$ 9,341

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) shares in Millions, $ in Millions	Total	Adjustment for adoption of accounting standards	Common Stock and Capital in Excess of Par Value	Treasury Stock	Accumulated Deficit	Accumulated Deficit Adjustment for adoption of accounting standards	Accumulated Other Comprehensive Income/(Loss)	Dell Technologies Stockholders’ Equity (Deficit)	Dell Technologies Stockholders’ Equity (Deficit) Adjustment for adoption of accounting standards	Non-Controlling Interests
Balance, beginning of period (in shares) at Feb. 01, 2019			721	2
Balance, beginning of period at Feb. 01, 2019	$ (942)	$ 3	$ 16,114	$ (63)	$ (21,349)	$ 3	$ (467)	$ (5,765)	$ 3	$ 4,823
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,113				4,208			4,208		905
Foreign currency translation adjustments	(186)						(186)	(186)
Cash flow hedges, net change	13						13	13		0
Pension and other post-retirement	8						8	8
Issuance of common stock (in shares)			10
Issuance of common stock	152		$ 152					152
Stock-based compensation expense	886		165					165		721
Treasury stock repurchases (in shares)				0
Treasury stock repurchases	(2)			$ (2)				(2)
Revaluation of redeemable shares	262		262					262
Impact from equity transactions of non-controlling interests	(1,430)		$ (501)		(161)			(662)		(768)
Balance, end of period (in shares) at Nov. 01, 2019			731	2
Balance, end of period at Nov. 01, 2019	3,877		$ 16,192	$ (65)	(17,299)		(632)	(1,804)		5,681
Balance, beginning of period (in shares) at Aug. 02, 2019			726	2
Balance, beginning of period at Aug. 02, 2019	3,095		$ 15,956	$ (65)	(17,775)		(565)	(2,449)		5,544
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	552				499			499		53
Foreign currency translation adjustments	50						50	50
Cash flow hedges, net change	(118)						(117)	(117)		(1)
Pension and other post-retirement	0
Issuance of common stock (in shares)			5
Issuance of common stock	67		$ 67					67
Stock-based compensation expense	322		61					61		261
Revaluation of redeemable shares	90		90					90
Impact from equity transactions of non-controlling interests	(181)		$ 18		(23)			(5)		(176)
Balance, end of period (in shares) at Nov. 01, 2019			731	2
Balance, end of period at Nov. 01, 2019	3,877		$ 16,192	$ (65)	(17,299)		(632)	(1,804)		5,681
Balance, beginning of period (in shares) at Jan. 31, 2020			745	2
Balance, beginning of period at Jan. 31, 2020	3,155	$ (110)	$ 16,091	$ (65)	(16,891)	$ (110)	(709)	(1,574)	$ (110)	4,729
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,162				2,023			2,023		139
Foreign currency translation adjustments	243						243	243
Cash flow hedges, net change	(69)						(69)	(69)		0
Pension and other post-retirement	(18)						(18)	(18)
Issuance of common stock (in shares)			12
Issuance of common stock	124		$ 124					124
Stock-based compensation expense	1,219		332					332		887
Treasury stock repurchases (in shares)				6
Treasury stock repurchases	(240)			$ (240)				(240)
Revaluation of redeemable shares	102		102					102
Impact from equity transactions of non-controlling interests	(629)		$ 70					70		(699)
Balance, end of period (in shares) at Oct. 30, 2020			757	8
Balance, end of period at Oct. 30, 2020	5,939		$ 16,719	$ (305)	(14,978)		(553)	883		5,056
Balance, beginning of period (in shares) at Jul. 31, 2020			753	8
Balance, beginning of period at Jul. 31, 2020	4,558		$ 16,356	$ (305)	(15,810)		(660)	(419)		4,977
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	881				832			832		49
Foreign currency translation adjustments	(21)						(21)	(21)
Cash flow hedges, net change	129						128	128		1
Pension and other post-retirement	0
Issuance of common stock (in shares)			4
Issuance of common stock	46		$ 46					46
Stock-based compensation expense	436		126					126		310
Revaluation of redeemable shares	83		83					83
Impact from equity transactions of non-controlling interests	(173)		$ 108					108		(281)
Balance, end of period (in shares) at Oct. 30, 2020			757	8
Balance, end of period at Oct. 30, 2020	$ 5,939		$ 16,719	$ (305)	$ (14,978)		$ (553)	$ 883		$ 5,056

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Oct. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	NOTE 1 — BASIS OF PRESENTATION References in these Notes to the Condensed Consolidated Financial Statements to the “Company” or “Dell Technologies” mean Dell Technologies Inc. individually and together with its consolidated subsidiaries. Basis of Presentation — The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and accompanying Notes filed with the U.S. Securities and Exchange Commission (“SEC”) in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2020. These Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, the accompanying Condensed Consolidated Financial Statements reflect all adjustments of a normal recurring nature considered necessary to fairly state the financial position of Dell Technologies Inc. as of October 30, 2020 and January 31, 2020, the results of its operations and corresponding comprehensive income (loss) for the three and nine months ended October 30, 2020 and November 1, 2019, and its cash flows for the nine months ended October 30, 2020 and November 1, 2019. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and the accompanying Notes. Management has considered the potential economic implications of the outbreak of the coronavirus disease 2019 (“COVID-19”) pandemic on the Company’s critical and significant accounting estimates. Actual results could differ materially from those estimates. The results of operations and comprehensive income (loss) for the three and nine months ended October 30, 2020 and November 1, 2019 and the cash flows for the nine months ended October 30, 2020 and November 1, 2019 are not necessarily indicative of the results to be expected for the full fiscal year or for any other fiscal period. The Company’s fiscal year is the 52- or 53-week period ending on the Friday nearest January 31. The fiscal year ended January 31, 2020 (“Fiscal 2020”) was a 52-week period, and the fiscal year ending January 29, 2021 (“Fiscal 2021”) will be a 52-week period. Principles of Consolidation — These Condensed Consolidated Financial Statements include the accounts of Dell Technologies and its wholly-owned subsidiaries, as well as the accounts of VMware, Inc. and SecureWorks Corp. (“Secureworks”), each of which is majority-owned by Dell Technologies. All intercompany transactions have been eliminated. Unless the context indicates otherwise, references in these Notes to the Condensed Consolidated Financial Statements to “VMware” mean the VMware reportable segment, which reflects the operations of VMware, Inc. (NYSE: VMW) within Dell Technologies. Revenue Reclassification — For the fiscal year ended January 31, 2020, Dell Technologies made certain reclassifications of net revenue between the products and services categories on the Consolidated Statements of Income (Loss), which impacted previously reported amounts for the three and nine months ended November 1, 2019. The reclassifications were made to provide a more meaningful representation of the nature of certain service and software-as-a-service offerings of VMware, Inc. Prior period results were recast to conform with these changes, and resulted in an increase to services revenue and an equal and offsetting decrease to product revenue of $210 million and $584 million for the three and nine months ended November 1, 2019, respectively. Total net revenue as previously reported remains unchanged. The Company did not recast cost of goods sold for the related revenue reclassifications due to immateriality. RSA Security Divestiture — On February 18, 2020, Dell Technologies announced its entry into a definitive agreement with a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners to sell RSA Security. On September 1, 2020, the parties closed the transaction. At the completion of the sale, the Company received total cash consideration of approximately $2.082 billion, resulting in a pre-tax gain on sale of $338 million. The Company ultimately recorded a $21 million loss, net of $359 million in tax expense due to the relatively low tax basis for the assets sold, particularly goodwill. The transaction included the sale of RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence, and RSA Conference and was intended to further simplify Dell Technologies’ product portfolio and corporate structure. Prior to the divestiture, RSA Security’s operating results were included within Other businesses and did not qualify for presentation as a discontinued operation. VMware, Inc. Acquisition of Pivotal — On December 30, 2019, VMware, Inc. completed its acquisition of Pivotal Software, Inc. (“Pivotal”) from the Company by merger (the “Pivotal acquisition”), with Pivotal surviving the merger as a wholly-owned subsidiary of VMware, Inc. Each outstanding share of Pivotal’s Class A common stock (other than shares held by Pivotal stockholders who properly exercised their appraisal rights under Delaware law) was converted into the right to receive $15.00 in cash, without interest, and each outstanding share of Pivotal’s Class B common stock was converted into the right to receive 0.0550 of a share of Class B common stock of VMware, Inc. Dell Technologies, which held all outstanding shares of Pivotal’s Class B common stock, received approximately 7.2 million shares of Class B common stock of VMware, Inc. in the transaction. As of the transaction date, Pivotal’s Class A common stock (NYSE: PVTL) ceased to be listed and traded on the New York Stock Exchange (“NYSE”). Due to the Company’s ownership of a controlling interest in Pivotal, the Company and VMware, Inc. accounted for the acquisition of the controlling interest in Pivotal as a transaction between entities under common control, and, consequently, the transaction had no net effect to the Company’s consolidated financial statements. Subsequent to the Pivotal acquisition, Pivotal operates as a wholly-owned subsidiary of VMware, Inc. and Dell Technologies reports Pivotal results within the VMware reportable segment. Prior to the Pivotal acquisition, Pivotal results were reported within Other businesses. This change in Pivotal segment classification was reflected retrospectively and is presented in Note 17 of the Notes to the Condensed Consolidated Financial Statements. Class V Transaction — On December 28, 2018, the Company completed a transaction (the “Class V transaction”) in which it paid $14.0 billion in cash and issued 149,387,617 shares of its Class C Common Stock to holders of its Class V Common Stock in exchange for all outstanding shares of Class V Common Stock. The non-cash consideration portion of the Class V transaction totaled $6.9 billion. As a result of the Class V transaction, the tracking stock feature of the Company’s capital structure associated with the Class V Common Stock was terminated. The Class C Common Stock is traded on the NYSE. The merger pursuant to which the Class V transaction was effected and the Class V transaction have been accounted for as a hybrid liability and equity transaction involving the repurchase of outstanding common stock, with the consideration consisting of a variable combination of cash and shares. Upon settlement, the accounting for the Class V transaction reflected that the outstanding Class V Common Stock was canceled and exchanged for shares of Class C Common Stock at $120.00 per share in cash or combination of cash and shares, depending on each holder’s election and subject to proration of the cash elections. EMC Merger Transaction — On September 7, 2016, the Company completed its acquisition of EMC Corporation (“EMC”) by merger (the “EMC merger transaction”). The consolidated results of EMC are included in Dell Technologies’ consolidated results presented in these financial statements. Recently Issued Accounting Pronouncements Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity — In August 2020, the Financial Accounting Standards Board (“FASB”) issued guidance to simplify the accounting for convertible debt instruments and convertible preferred stock, and the derivatives scope exception for contracts in an entity's own equity. In addition, the guidance on calculating diluted earnings per share has been simplified and made more internally consistent. Public entities must adopt the new guidance for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years, with early adoption permitted for fiscal periods beginning after December 15, 2020. The Company will early adopt this guidance for the fiscal year beginning January 30, 2021 on a modified retrospective basis. Adoption of the new guidance is not expected to have a material impact on the Company’s financial results. Simplifying Accounting for Income Taxes — In December 2019, the FASB issued guidance to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740, Income Taxes, and by clarifying and amending existing guidance in order to improve consistent application of GAAP for other areas of Topic 740. Public entities must adopt the new guidance for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years, with early adoption permitted for fiscal periods beginning after December 15, 2019. The Company will adopt this guidance for the fiscal year beginning January 30, 2021. The Company is currently evaluating the impact of adoption of this guidance. Recently Adopted Accounting Pronouncements Measurement of Credit Losses on Financial Instruments — In June 2016, the FASB issued amended guidance which replaces the current incurred loss impairment methodology for measurement of credit losses on financial instruments with a methodology (the “current expected credit losses model” or “CECL model”) that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Under the CECL model, the allowance for losses on financial assets, measured at amortized cost, reflects management’s estimate of credit losses over the remaining expected life of such assets. The Company adopted the standard (the “new CECL standard”) as of February 1, 2020 using the modified retrospective method, with the cumulative-effect adjustment to the opening balance of stockholders’ equity (deficit) as of the adoption date. The cumulative effect of adopting the new CECL standard resulted in an increase of $111 million and $27 million to the allowance for expected credit losses within financing receivables, net and accounts receivable, net, respectively, on the Condensed Consolidated Statements of Financial Position, and a corresponding decrease of $28 million to other non-current liabilities related to deferred taxes and $110 million to stockholders’ equity (deficit) as of February 1, 2020. See Note 2, Note 4, and Note 18 of the Notes to the Condensed Consolidated Financial Statements for additional information about the Company’s allowance for financing receivables losses and allowance for expected credit losses of accounts receivable. Intangibles - Goodwill and Other - Internal-Use Software — In August 2018, the FASB issued guidance on a customer’s accounting for implementation costs incurred in a cloud-computing arrangement when hosted by a vendor. The guidance provides that, in a hosting arrangement that is a service contract, certain implementation costs should be capitalized and amortized over the term of the arrangement. The Company adopted the standard (the “new cloud computing standard”) during the three months ended May 1, 2020 using the prospective method. The impact of the adoption of this standard was immaterial to the Condensed Consolidated Financial Statements.

INTERIM UPDATE TO SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Oct. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
INTERIM UPDATE TO SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 — INTERIM UPDATE TO SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES As discussed in Note 1 of the Notes to the Condensed Consolidated Financial Statements, the Company adopted the new CECL standard as of February 1, 2020 using the modified retrospective method. The new impairment methodology for measurement of credit losses on financial instruments reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Additionally, the Company adopted the new cloud computing standard during the three months ended May 1, 2020 using the prospective method. In a cloud-computing hosting arrangement hosted by a vendor that is a service contract, certain implementation costs should be capitalized and amortized over the term of the arrangement. The following accounting policies have been updated as part of the adoption of the new standards. Allowance for Expected Credit Losses — The Company recognizes an allowance for losses on accounts receivable in an amount equal to the current expected credit losses. The estimation of the allowance is based on an analysis of historical loss experience, current receivables aging, and management’s assessment of current conditions and reasonable and supportable expectation of future conditions, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. The Company assesses collectibility by pooling receivables where similar characteristics exist and evaluates receivables individually when specific customer balances no longer share those risk characteristics and are considered at risk or uncollectible. The expense associated with the allowance for expected credit losses is recognized in selling, general, and administrative expenses. Allowance for Financing Receivables Losses — The Company recognizes an allowance for losses on financing receivables in an amount equal to the probable losses net of recoveries. The allowance for losses is determined based on various factors, including lifetime expected losses determined using macroeconomic forecast assumptions and management judgments applicable to and through the expected life of the portfolios as well as past due receivables, receivable type, and customer risk profile. Both fixed and revolving receivable loss rates are affected by macroeconomic conditions, including the level of gross domestic product (“GDP”) growth, the level of commercial capital equipment investment, unemployment rates, and the credit quality of the borrower. Customer account principal and interest are charged to the allowance for losses when an account is deemed to be uncollectible or generally when the account is 180 days delinquent. While the Company does not generally place financing receivables on non-accrual status during the delinquency period, accrued interest is included in the allowance for loss calculation and, therefore, the Company is adequately reserved in the event of charge off. Recoveries on receivables previously charged off as uncollectible are recorded to the allowance for financing receivables losses. The expense associated with the allowance for financing receivables losses is recognized as cost of net revenue. Capitalized Software Development Costs — The Company capitalizes certain internal and external costs to acquire or create internal use software which are incurred subsequent to the completion of the preliminary project stage. Development costs are generally amortized on a straight-line basis over five years. Costs associated with maintenance and minor enhancements to the features and functionality of the Company’s website are expensed as incurred.

FAIR VALUE MEASUREMENTS AND INVESTMENTS

9 Months Ended

Oct. 30, 2020

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS AND INVESTMENTS

NOTE 3 — FAIR VALUE MEASUREMENTS AND INVESTMENTS

The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of the dates indicated:


	October 30, 2020								January 31, 2020
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs				Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(in millions)
Assets:
Cash and cash equivalents:
Money market funds	$	6,562	$	—	$	—	$	6,562	$	4,621	$	—	$	—	$	4,621






Equity and other securities	553		—		—		553		12		—		—		12
Derivative instruments	—		52		—		52		—		81		—		81
Total assets	$	7,115	$	52	$	—	$	7,167	$	4,633	$	81	$	—	$	4,714
Liabilities:
Derivative instruments	$	—	$	181	$	—	$	181	$	—	$	68	$	—	$	68
Total liabilities	$	—	$	181	$	—	$	181	$	—	$	68	$	—	$	68

The following section describes the valuation methodologies the Company uses to measure financial instruments at fair value:

Money Market Funds — The Company’s investments in money market funds that are classified as cash equivalents hold underlying investments with a weighted average maturity of 90 days or less and are recognized at fair value. The valuations of these securities are based on quoted prices in active markets for identical assets, when available, or pricing models whereby all significant inputs are observable or can be derived from or corroborated by observable market data. The Company reviews security pricing and assesses liquidity on a quarterly basis. As of October 30, 2020, the Company’s U.S. portfolio had no material exposure to money market funds with a fluctuating net asset value.

Equity and Other Securities — The majority of the Company’s investments in equity and other securities that are measured at fair value on a recurring basis consist of strategic investments in publicly-traded companies. The valuation of these securities is based on quoted prices in active markets.

Derivative Instruments — The Company’s derivative financial instruments consist primarily of foreign currency forward and purchased option contracts and interest rate swaps. The fair value of the portfolio is determined using valuation models based on market observable inputs, including interest rate curves, forward and spot prices for currencies, and implied volatilities. Credit risk is also factored into the fair value calculation of the Company’s derivative instrument portfolio. See Note 7 of the Notes to the Condensed Consolidated Financial Statements for a description of the Company’s derivative financial instrument activities.

Deferred Compensation Plans — The Company offers deferred compensation plans for eligible employees, which allow participants to defer payment for a portion of their compensation. Assets were the same as liabilities associated with the plans at approximately $277 million and $241 million as of October 30, 2020 and January 31, 2020, respectively, and are included in other assets and other liabilities on the Condensed Consolidated Statements of Financial Position. The net impact to the Condensed Consolidated Statements of Income (Loss) is not material since changes in the fair value of the assets substantially offset changes in the fair value of the liabilities. As such, assets and liabilities associated with these plans have not been included in the recurring fair value table above.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis — Certain assets are measured at fair value on a nonrecurring basis and therefore are not included in the recurring fair value table above. These assets consist primarily of non-financial assets such as goodwill and intangible assets. See Note 8 of the Notes to the Condensed Consolidated Financial Statements for additional information about goodwill and intangible assets.

As of October 30, 2020 and January 31, 2020, the Company held private strategic investments of $936 million and $852 million, respectively. As these investments represent early-stage companies without readily determinable fair values, they are not included in the recurring fair value table above.

The Company has elected to apply the measurement alternative for these investments. Under the alternative, the Company measures investments without readily determinable fair values at cost, less impairment, adjusted by observable price changes. The Company must make a separate election to use the alternative for each eligible investment and is required to reassess at each reporting period whether an investment qualifies for the alternative. In evaluating these investments for impairment or observable price changes, the Company uses inputs including pre- and post-money valuations of recent financing events and the impact of those events on its fully diluted ownership percentages, as well as other available information regarding the issuer’s historical and forecasted performance.

Carrying Value and Estimated Fair Value of Outstanding Debt — The following table presents the carrying value and estimated fair value of the Company’s outstanding debt as described in Note 6 of the Notes to the Condensed Consolidated Financial Statements, including the current portion, as of the dates indicated:


	October 30, 2020				January 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in billions)
Senior Secured Credit Facilities	$	8.6	$	8.6	$	8.8	$	9.0
First Lien Notes	$	18.3	$	22.0	$	20.5	$	23.9
Unsecured Notes and Debentures	$	1.2	$	1.5	$	1.2	$	1.5
Senior Notes	$	2.6	$	2.8	$	2.6	$	2.8
EMC Notes	$	1.0	$	1.0	$	1.6	$	1.6
VMware Notes and VMware Term Loan Facility	$	4.7	$	5.3	$	5.5	$	5.6
Margin Loan Facility	$	4.0	$	3.9	$	4.0	$	3.9

The fair values of the outstanding debt shown in the table above, as well as the Dell Financial Services (“DFS”) debt described in Note 4 of the Notes to the Condensed Consolidated Financial Statements, were determined based on observable market prices in a less active market or based on valuation methodologies using observable inputs and were categorized as Level 2 in the fair value hierarchy. The carrying value of DFS debt approximates fair value.

Investments

The following table presents the carrying value of the Company’s investments as of the dates indicated:


	October 30, 2020								January 31, 2020
	Cost		Unrealized Gain		Unrealized (Loss)		Carrying Value		Cost		Unrealized Gain		Unrealized (Loss)		Carrying Value
	(in millions)
Equity and other securities	$	944	$	579	$	(34)	$	1,489	$	783	$	116	$	(35)	$	864
Fixed income debt securities	163		3		—		166		—		—		—		—
Total securities							$	1,655							$	864

Equity and other securities — The Company has strategic investments in publicly-traded and privately-held companies. For the nine months ended October 30, 2020, the equity and other securities without readily determinable fair values of $936 million increased by $112 million, due to upward adjustments for observable price changes, offset by $31 million of downward adjustments primarily attributable to impairments. The remainder of equity and other securities consists of publicly-traded investments that are measured at fair value on a recurring basis.

In September 2020, one of the Company’s strategic investments, which previously did not have a readily determinable fair value, completed its initial public offering which resulted in it having a readily determinable fair value and in the recognition of an unrealized gain of $465 million for the three and nine months ended October 30, 2020, which is reflected in the table above. The unrealized gain is reflected in Other, net as a non-cash adjustment within cash flows from operating activities on the Condensed Consolidated Statements of Cash Flows. As of October 30, 2020, the carrying value of this investment was $543 million.

Fixed income debt securities — The Company has fixed income debt securities carried at amortized cost. The debt securities are held as collateral for borrowings. The Company intends to hold the investments to maturity. Unrealized gains relate to foreign currency impacts.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

FINANCIAL SERVICES

9 Months Ended

Oct. 30, 2020

Receivables [Abstract]

FINANCIAL SERVICES

NOTE 4 — FINANCIAL SERVICES

The Company offers or arranges various financing options, services, and alternative payment structures for its customers in North America, Europe, Australia, and New Zealand through Dell Financial Services and its affiliates (“DFS”). The Company also arranges financing for some of its customers in various countries where DFS does not currently operate as a captive enterprise. The key activities of DFS include originating, collecting, and servicing customer financing arrangements primarily related to the purchase or use of Dell Technologies products and services. In some cases, DFS also offers financing on the purchase of third-party technology products that complement the Dell Technologies portfolio of products and services. New financing originations were $2.1 billion and $2.0 billion for the three months ended October 30, 2020 and November 1, 2019, respectively, and $6.5 billion and $5.7 billion for the nine months ended October 30, 2020 and November 1, 2019, respectively.

The Company’s loan and lease arrangements with customers are aggregated into the following categories:

Revolving loans — Revolving loans offered under private label credit financing programs provide qualified customers with a revolving credit line for the purchase of products and services offered by Dell Technologies. These private label credit financing programs are referred to as Dell Preferred Account (“DPA”) and Dell Business Credit (“DBC”). The DPA product is primarily offered to individual consumer customers, and the DBC product is primarily offered to small and medium-sized commercial customers. Revolving loans in the United States bear interest at a variable annual percentage rate that is tied to the prime rate. Based on historical payment patterns, revolving loan transactions are typically repaid within twelve months on average. Due to the short-term nature of the revolving loan portfolio, the carrying value of the portfolio approximates fair value.

Fixed-term leases and loans — The Company enters into financing arrangements with customers who seek lease financing for equipment. Pursuant to the current lease accounting standard effective February 2, 2019, new DFS leases are classified as sales-type leases, direct financing leases, or operating leases. When the terms of the DFS lease transfer control of the underlying asset to the lessee, the contract is typically classified as a sales-type lease. Direct financing leases are immaterial. All other new DFS leases are classified as operating leases. Leases that commenced prior to the effective date of the current lease accounting standard continue to be accounted for under previous lease accounting guidance. Leases with business customers have fixed terms of generally two to four years.

The Company also offers fixed-term loans to qualified small businesses, large commercial accounts, governmental organizations, educational entities, and certain individual consumer customers. These loans are repaid in equal payments including interest and have defined terms of generally three to five years. The fair value of the fixed-term loan portfolio is determined using market observable inputs. The carrying value of these loans approximates fair value.

Financing Receivables

The following table presents the components of the Company’s financing receivables segregated by portfolio segment as of the dates indicated:


	October 30, 2020						January 31, 2020
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total
	(in millions)
Financing receivables, net:
Customer receivables, gross (a)	$	768	$	9,313	$	10,081	$	824	$	8,486	$	9,310
Allowances for losses	(142)		(165)		(307)		(70)		(79)		(149)
Customer receivables, net	626		9,148		9,774		754		8,407		9,161
Residual interest	—		472		472		—		582		582
Financing receivables, net	$	626	$	9,620	$	10,246	$	754	$	8,989	$	9,743
Short-term	$	626	$	4,246	$	4,872	$	754	$	4,141	$	4,895
Long-term	$	—	$	5,374	$	5,374	$	—	$	4,848	$	4,848

____________________

(a) Customer receivables, gross includes amounts due from customers under revolving loans, fixed-term loans, fixed-term sales-type or direct financing leases, and accrued interest.

The allowance for losses as of October 30, 2020 includes the adoption of the new CECL standard, which was adopted as of February 1, 2020 using the modified retrospective method. Prior period amounts have not been recast. The provision recognized on the Condensed Consolidated Statements of Income (Loss) for the three and nine months ended October 30, 2020 is based on an assessment of the impact of current and expected future economic conditions, inclusive of the effect of the COVID-19 pandemic on credit losses. The duration and severity of COVID-19 and continued market volatility is highly uncertain and, as such, the impact on expected losses is subject to significant judgment and may cause variability in the Company’s allowance for credit losses in future periods. See Note 1 and Note 2 of the Notes to the Condensed Consolidated Financial Statements for additional information about the new CECL standard.

The following tables present the changes in allowance for financing receivable losses for the periods indicated:


	Three Months Ended
	October 30, 2020						November 1, 2019
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total
	(in millions)
Allowance for financing receivable losses:
Balances at beginning of period	$	143	$	180	$	323	$	67	$	71	$	138
Charge-offs, net of recoveries	(13)		(6)		(19)		(18)		(6)		(24)
Provision charged to income statement	12		(9)		3		17		13		30
Balances at end of period	$	142	$	165	$	307	$	66	$	78	$	144


	Nine Months Ended
	October 30, 2020						November 1, 2019
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total
	(in millions)
Allowance for financing receivable losses:
Balances at beginning of period	$	70	$	79	$	149	$	75	$	61	$	136
Adjustment for adoption of accounting standard (Note 1)	40		71		111		—		—		—
Charge-offs, net of recoveries	(51)		(22)		(73)		(53)		(18)		(71)
Provision charged to income statement	83		37		120		44		35		79
Balances at end of period	$	142	$	165	$	307	$	66	$	78	$	144

Aging

The following table presents the aging of the Company’s customer financing receivables, gross, including accrued interest, segregated by class, as of the dates indicated:


	October 30, 2020								January 31, 2020
	Current		Past Due 1 — 90 Days		Past Due >90 Days		Total		Current		Past Due 1 — 90 Days		Past Due >90 Days		Total
	(in millions)
Revolving — DPA	$	548	$	34	$	10	$	592	$	550	$	51	$	20	$	621
Revolving — DBC	159		14		3		176		184		15		4		203
Fixed-term — Consumer and Commercial	8,947		299		67		9,313		8,005		373		108		8,486
Total customer receivables, gross	$	9,654	$	347	$	80	$	10,081	$	8,739	$	439	$	132	$	9,310

Aging is likely to fluctuate as a result of the variability in volume of large transactions entered into over the period, and the administrative processes that accompany those larger transactions. Aging is also impacted by the timing of the Dell Technologies fiscal period end date, relative to calendar month-end customer payment due dates. As a result of these factors, fluctuations in aging from period to period do not necessarily indicate a material change in the collectibility of the portfolio.

Fixed-term consumer and commercial customer receivables are placed on non-accrual status if principal or interest is past due and considered delinquent, or if there is concern about collectibility of a specific customer receivable. These receivables identified as doubtful for collectibility may be classified as current for aging purposes. Aged revolving portfolio customer receivables identified as delinquent are charged off.

Credit Quality

The following table presents customer receivables, gross, including accrued interest, by credit quality indicator segregated by class and year of origination, as of the date indicated:


	October 30, 2020
	Fixed-term — Consumer and Commercial
	Fiscal Year of Origination
	2021		2020		2019		2018		2017		Years Prior		Revolving — DPA (a)		Revolving — DBC (a)		Total
	(in millions)
Higher	$	2,591	$	1,961	$	780	$	191	$	32	$	—	$	158	$	48	$	5,761
Mid	900		736		351		92		13		—		177		52		2,321
Lower	723		572		303		53		14		1		257		76		1,999
Total	$	4,214	$	3,269	$	1,434	$	336	$	59	$	1	$	592	$	176	$	10,081

____________________

(a) The revolving portfolio is exempt from the requirement to disclose the amortized cost basis by year of origination since determining the appropriate origination year can be complex due to the nature of the revolving portfolio.

The following table presents customer receivables, gross, including accrued interest, by credit quality indicator segregated by class, as of the date indicated, and was not recast to reflect the impact of adoption of the new CECL standard:


	January 31, 2020
	Fixed-term — Consumer and Commercial		Revolving — DPA		Revolving — DBC		Total
	(in millions)
Higher	$	5,042	$	137	$	55	$	5,234
Mid	2,036		175		63		2,274
Lower	1,408		309		85		1,802
Total	$	8,486	$	621	$	203	$	9,310

The categories shown in the tables above segregate customer receivables based on the relative degrees of credit risk. The credit quality indicators for DPA revolving accounts are measured primarily as of each quarter-end date, while all other indicators are generally updated on a periodic basis.

For DPA revolving receivables shown in the table above, the Company makes credit decisions based on proprietary scorecards, which include the customer’s credit history, payment history, credit usage, and other credit agency-related elements. The higher quality category includes prime accounts generally of a higher credit quality that are comparable to U.S. customer FICO scores of 720 or above. The mid-category represents the mid-tier accounts that are comparable to U.S. customer FICO scores from 660 to 719. The lower category is generally sub-prime and represents lower credit quality accounts that are comparable to U.S. customer FICO scores below 660. For the DBC revolving receivables and fixed-term commercial receivables shown in the table above, an internal grading system is utilized that assigns a credit level score based on a number of considerations, including liquidity, operating performance, and industry outlook. The grading criteria and classifications for the fixed-term products differ from those for the revolving products as loss experience varies between these product and customer groups. The credit quality categories cannot be compared between the different classes as loss experience varies substantially between the classes.

Leases

Interest income on sales-type lease receivables was $69 million and $66 million for the three months ended October 30, 2020 and November 1, 2019, respectively, and $200 million and $196 million for the nine months ended October 30, 2020 and November 1, 2019, respectively.

The following table presents the net revenue, cost of net revenue, and gross margin recognized at the commencement date of sales-type leases for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Net revenue — products	$	184	$	251	$	648	$	604
Cost of net revenue — products	102		215		435		475
Gross margin — products	$	82	$	36	$	213	$	129

The following table presents the future maturity of the Company’s fixed-term customer leases and associated financing payments, and reconciles the undiscounted cash flows to the customer receivables, gross recognized on the Condensed Consolidated Statements of Financial Position as of the date indicated:


	October 30, 2020
Fiscal Years	(in millions)
Fiscal 2021 (remaining three months)	$	794
Fiscal 2022	2,378
Fiscal 2023	1,533
Fiscal 2024	783
Fiscal 2025 and beyond	360
Total undiscounted cash flows	5,848
Fixed-term loans	4,125
Revolving loans	768
Less: unearned income	(660)
Total customer receivables, gross	$	10,081

Operating Leases

The following table presents the components of the Company’s operating lease portfolio included in Property, plant, and equipment, net as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Equipment under operating lease, gross	$	1,592	$	956
Less: accumulated depreciation	(328)		(116)
Equipment under operating lease, net	$	1,264	$	840

Operating lease income relating to lease payments was $120 million and $63 million for the three months ended October 30, 2020 and November 1, 2019, respectively, and $310 million and $94 million for the nine months ended October 30, 2020 and November 1, 2019, respectively. Depreciation expense was $92 million and $40 million for the three months ended October 30, 2020 and November 1, 2019, respectively, and $228 million and $64 million for the nine months ended October 30, 2020 and November 1, 2019, respectively.

The following table presents the future payments to be received by the Company as lessor in operating lease contracts as of the date indicated:


	October 30, 2020
Fiscal Years	(in millions)
Fiscal 2021 (remaining three months)	$	142
Fiscal 2022	526
Fiscal 2023	404
Fiscal 2024	146
Fiscal 2025 and beyond	24
Total	$	1,242

DFS Debt

The Company maintains programs that facilitate the funding of leases, loans, and other alternative payment structures in the capital markets. The majority of DFS debt is non-recourse to Dell Technologies and represents borrowings under securitization programs and structured financing programs, for which the Company’s risk of loss is limited to transferred loan and lease payments and associated equipment. The following table presents DFS debt as of the dates indicated. The table excludes the allocated portion of the Company’s other borrowings, which represents the additional amount considered to fund the DFS business.


	October 30, 2020		January 31, 2020
	(in millions)
DFS U.S. debt:
Asset-based financing and securitization facilities	$	2,574	$	2,606
Fixed-term securitization offerings	3,465		2,593
Other	94		141
Total DFS U.S. debt	6,133		5,340
DFS international debt:
Securitization facility	860		743
Other borrowings	791		931
Note payable	250		200
Dell Bank Senior Unsecured Eurobonds	1,167		551
Total DFS international debt	3,068		2,425
Total DFS debt	$	9,201	$	7,765
Total short-term DFS debt	$	4,884	$	4,152
Total long-term DFS debt	$	4,317	$	3,613

DFS U.S. Debt

Asset-Based Financing and Securitization Facilities — The Company maintains separate asset-based financing facilities and a securitization facility in the United States, which are revolving facilities for fixed-term leases and loans and for revolving loans, respectively. This debt is collateralized solely by the U.S. loan and lease payments and associated equipment in the facilities. The debt has a variable interest rate and the duration of the debt is based on the terms of the underlying loan and lease payment streams. As of October 30, 2020, the total debt capacity related to the U.S. asset-based financing and securitization facilities was $4.1 billion. The Company enters into interest swap agreements to effectively convert a portion of this debt from a floating rate to a fixed rate. See Note 7 of the Notes to the Condensed Consolidated Financial Statements for additional information about interest rate swaps.

The Company’s U.S. securitization facility for revolving loans is effective through June 25, 2022. The Company’s two U.S. asset-based financing facilities for fixed-term leases and loans are effective through August 22, 2021 and July 26, 2022, respectively.

The asset-based financing and securitization facilities contain standard structural features related to the performance of the funded receivables, which include defined credit losses, delinquencies, average credit scores, and minimum collection requirements. In the event one or more of these criteria are not met and the Company is unable to restructure the facility, no further funding of receivables will be permitted and the timing of the Company’s expected cash flows from over-collateralization will be delayed. As of October 30, 2020, these criteria were met.

Fixed-Term Securitization Offerings — The Company periodically issues asset-backed debt securities under fixed-term securitization programs to private investors. The asset-backed debt securities are collateralized solely by the U.S. fixed-term leases and loans in the offerings, which are held by Special Purpose Entities (“SPEs”), as discussed below. The interest rate on these securities is fixed and ranges from 0.31% to 5.92% per annum, and the duration of these securities is based on the terms of the underlying loan and lease payment streams.

DFS International Debt

Securitization Facility — The Company maintains a securitization facility in Europe for fixed-term leases and loans. This facility is effective through December 21, 2020 and has a total debt capacity of $934 million as of October 30, 2020.

The securitization facility contains standard structural features related to the performance of the securitized receivables, which include defined credit losses, delinquencies, average credit scores, and minimum collection requirements. In the event one or more of these criteria are not met and the Company is unable to restructure the program, no further funding of receivables will be permitted and the timing of the Company’s expected cash flows from over-collateralization will be delayed. As of October 30, 2020, these criteria were met.

Other Borrowings — In connection with the Company’s international financing operations, the Company has entered into revolving structured financing debt programs related to its fixed-term lease and loan products sold in Canada, Europe, Australia, and New Zealand. The Canadian facility, which is collateralized solely by Canadian loan and lease payments and associated equipment, had a total debt capacity of $281 million as of October 30, 2020, and is effective through January 16, 2023. The European facility, which is collateralized solely by European loan and lease payments and associated equipment, had a total debt capacity of $700 million as of October 30, 2020, and is effective through June 14, 2022. The Australia and New Zealand facility, which is collateralized solely by Australia and New Zealand loan and lease payments and associated equipment, had a total debt capacity of $246 million as of October 30, 2020, and is effective through December 20, 2021.

Note Payable — On November 27, 2017 the Company entered into an unsecured credit agreement to fund receivables in Mexico. As of July 31, 2020, the aggregate principal amount of the note payable was $187 million. This note was repaid in full during the three months ended October 30, 2020.

On August 7, 2020, the Company entered into two new unsecured credit agreements to fund receivables in Mexico. As of October 30, 2020, the aggregate principal amount of the notes payable was $250 million. The notes bear interest at 3.37% and will mature on June 1, 2022.

Dell Bank Senior Unsecured Eurobonds — On October 17, 2019, Dell Bank International D.A.C. issued 500 million Euro of 0.625% senior unsecured three year eurobonds due October 2022. On June 24, 2020, Dell Bank International D.A.C. issued an additional 500 million Euro of 1.625% senior unsecured four year eurobonds due June 2024. The issuances of the senior unsecured eurobonds support the expansion of the financing operations in Europe.

Variable Interest Entities

In connection with the asset-based financing facilities, securitization facilities, and fixed-term securitization offerings discussed above, the Company transfers certain U.S. and European loan and lease payments and associated equipment to SPEs that meet the definition of a Variable Interest Entity (“VIE”) and are consolidated, along with the associated debt detailed above, into the Consolidated Financial Statements, as the Company is the primary beneficiary of those VIEs. The SPEs are bankruptcy-remote legal entities with separate assets and liabilities. The purpose of the SPEs is to facilitate the funding of customer loan and lease payments and associated equipment in the capital markets.

The following table presents financing receivables and equipment under operating leases, net held by the consolidated VIEs as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Assets held by consolidated VIEs, net:
Short-term, net	$	3,430	$	3,316
Long-term, net	4,070		3,348
Assets held by consolidated VIEs, net	$	7,500	$	6,664

Loan and lease payments and associated equipment transferred via securitization through SPEs were $1.6 billion and $1.3 billion for the three months ended October 30, 2020 and November 1, 2019, respectively, and $4.6 billion and $4.1 billion for the nine months ended October 30, 2020 and November 1, 2019, respectively.

Some of the SPEs have entered into financing arrangements with multi-seller conduits that, in turn, issue asset-backed debt securities in the capital markets. The DFS debt outstanding, which is collateralized by the loan and lease payments and associated equipment held by the consolidated VIEs, was $6.9 billion and $5.9 billion as of October 30, 2020 and January 31, 2020, respectively. The Company’s risk of loss related to securitized receivables is limited to the amount by which the Company’s right to receive collections for assets securitized exceeds the amount required to pay interest, principal, and fees and expenses related to the asset-backed securities. The Company provides credit enhancement to the securitizations in the form of over-collateralization.

Customer Receivables Sales

To manage certain concentrations of customer credit exposure, the Company may sell selected fixed-term customer receivables to unrelated third parties on a periodic basis, without recourse. The amount of customer receivables sold for this purpose was $414 million and $406 million for the nine months ended October 30, 2020 and November 1, 2019, respectively. The Company’s continuing involvement in the above mentioned customer receivables is primarily limited to servicing arrangements.

LEASES

9 Months Ended

Oct. 30, 2020

Leases [Abstract]

LEASES

NOTE 5 — LEASES

The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are typically classified as operating leases. The Company’s lease contracts are generally for office buildings used to conduct its business, and the determination of whether such contracts contain leases generally does not require significant estimates or judgments. The Company also leases certain global logistics warehouses, employee vehicles, and equipment. As of October 30, 2020, the remaining terms of the Company’s leases range from less than one month to 26 years.

The Company also enters into leasing transactions in which the Company is the lessor, primarily through customer financing arrangements offered through DFS. DFS originates leases that are primarily classified as either sales-type leases or operating leases. See Note 4 of the Notes to the Condensed Consolidated Financial Statements for more information on the DFS lease portfolio and related lease disclosures.

In adopting the current lease accounting standard effective February 2, 2019, the Company elected to apply a transition method that does not require the retrospective application to periods prior to the effective date. Financial information associated with the Company’s leases in which the Company is the lessee is contained in this Note. As of October 30, 2020 and January 31, 2020, there were no material finance leases for which the Company was a lessee.

The following table presents components of lease costs included in the Condensed Consolidated Statements of Income (Loss) for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Operating lease costs	$	129	$	134	$	384	$	377
Variable costs	37		41		113		120
Total lease costs	$	166	$	175	$	497	$	497

During both the nine months ended October 30, 2020 and November 1, 2019, sublease income, finance lease costs, and short-term lease costs were immaterial.

The following table presents supplemental information related to operating leases included in the Condensed Consolidated Statements of Financial Position as of the dates indicated:


	Classification	October 30, 2020			January 31, 2020
		(in millions, except for term and discount rate)
Operating lease right of use (“ROU”) assets	Other non-current assets	$	2,179		$	1,780

Current operating lease liabilities	Accrued and other current liabilities	$	424		$	432
Non-current operating lease liabilities	Other non-current liabilities	1,829			1,360
Total operating lease liabilities		$	2,253		$	1,792

Weighted-average remaining lease term (in years)		8.85			8.57
Weighted-average discount rate		3.56		%	3.81		%

The following table presents supplemental cash flow information related to leases for the periods indicated:


	Nine Months Ended
	October 30, 2020		November 1, 2019
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$	384	$	367

ROU assets obtained in exchange for new operating lease liabilities	$	763	$	495

The following table presents the future maturity of the Company’s operating lease liabilities under non-cancelable leases and reconciles the undiscounted cash flows for these leases to the lease liability recognized on the Condensed Consolidated Statements of Financial Position as of the date indicated:


	October 30, 2020
Fiscal Years	(in millions)
Fiscal 2021 (remaining three months)	$	110
Fiscal 2022	476
Fiscal 2023	429
Fiscal 2024	317
Fiscal 2025	237
Thereafter	1,131
Total lease payments	2,700
Less: Imputed interest	(447)
Total	$	2,253
Current operating lease liabilities	$	424
Non-current operating lease liabilities	$	1,829

Future lease commitments after Fiscal 2025 include the ground lease on VMware, Inc.’s Palo Alto, California headquarter facilities, which expires in Fiscal 2047.

As of October 30, 2020, the Company has additional operating leases that have not yet commenced of $81 million. These operating leases will commence during Fiscal 2021 with lease terms of one year to 10 years.

DEBT

9 Months Ended

Oct. 30, 2020

Debt Disclosure [Abstract]

DEBT

NOTE 6 — DEBT

The following table presents the Company’s outstanding debt as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Secured Debt
Senior Secured Credit Facilities:

2.75% Term Loan B-1 Facility due September 2025	$	4,691	$	4,738

1.90% Term Loan A-4 Facility due December 2023	679		679

1.90% Term Loan A-6 Facility due March 2024	3,316		3,497
First Lien Notes:

4.42% due June 2021	—		4,500
5.45% due June 2023	3,750		3,750
4.00% due July 2024	1,000		1,000
5.85% due July 2025	1,000		—
6.02% due June 2026	4,500		4,500
4.90% due October 2026	1,750		1,750
6.10% due July 2027	500		—
5.30% due October 2029	1,750		1,750
6.20% due July 2030	750		—
8.10% due July 2036	1,500		1,500
8.35% due July 2046	2,000		2,000
Unsecured Debt
Unsecured Notes and Debentures:

4.625% due April 2021	400		400
7.10% due April 2028	300		300
6.50% due April 2038	388		388
5.40% due September 2040	264		264
Senior Notes:
5.875% due June 2021	1,075		1,075
7.125% due June 2024	1,625		1,625
EMC Notes:
2.650% due June 2020	—		600
3.375% due June 2023	1,000		1,000
Debt of Public Subsidiary
VMware Notes:
2.30% due August 2020	—		1,250
2.95% due August 2022	1,500		1,500
4.50% due May 2025	750		—
4.65% due May 2027	500		—
3.90% due August 2027	1,250		1,250
4.70% due May 2030	750		—
VMware Term Loan Facility	—		1,500
DFS Debt (Note 4)	9,201		7,765
Other
2.46% Margin Loan Facility due April 2022	4,000		4,000
Other	222		84
Total debt, principal amount	$	50,411	$	52,665


	October 30, 2020		January 31, 2020
	(in millions)
Total debt, principal amount	$	50,411	$	52,665
Unamortized discount, net of unamortized premium	(217)		(241)
Debt issuance costs	(333)		(368)
Total debt, carrying value	$	49,861	$	52,056
Total short-term debt, carrying value	$	6,536	$	7,737
Total long-term debt, carrying value	$	43,325	$	44,319

During the nine months ended October 30, 2020, the net decrease in the Company’s debt balance was primarily due to:

•retirement of $4.5 billion principal amount of 4.42% First Lien Notes due June 2021 via repayment of $4,265 million and open market repurchases of $235 million;

•repayment of $1.5 billion principal amount of VMware Term Loan Facility upon maturity;

•repayment of $1.25 billion principal amount of 2.30% VMware Notes due August 2020;

•repayment of $600 million principal amount of 2.650% EMC Notes due June 2020 upon maturity; and

•amortization of approximately $229 million of principal under the Company’s term loan facilities.

These decreases in the Company’s debt balance were partially offset by:

•issuance of $2.25 billion principal amount of First Lien Notes on April 9, 2020, described below;

•issuance of $2.0 billion principal amount of VMware Notes on April 7, 2020, described below; and

•incurrence of an additional $1.4 billion, net, in DFS debt to support the expansion of its financing receivables portfolio.

Secured Debt

Senior Secured Credit Facilities — The Company has entered into a credit agreement that provides for senior secured credit facilities (the “Senior Secured Credit Facilities”) comprising (a) term loan facilities and (b) a senior secured Revolving Credit Facility, which provides for a borrowing capacity of up to $4.5 billion for general corporate purposes, including capacity for up to $0.5 billion of letters of credit and for borrowings of up to $0.4 billion under swing-line loans.

As of October 30, 2020, available borrowings under the Revolving Credit Facility totaled $4.5 billion. The Senior Secured Credit Facilities provide that the borrowers have the right at any time, subject to customary conditions, to request incremental term loans or incremental revolving commitments.

Borrowings under the Senior Secured Credit Facilities bear interest at a rate per annum equal to an applicable margin, plus, at the borrowers’ option, either (a) a base rate, or (b) the London Interbank Offered Rate (“LIBOR”). The Term Loan B-1 Facility bears interest at LIBOR plus an applicable margin of 2.00% or a base rate plus an applicable margin of 1.00%. The Term Loan A-4 Facility and the Term Loan A-6 Facility bear interest at LIBOR plus an applicable margin ranging from 1.25% to 2.00% or a base rate plus an applicable margin ranging from 0.25% to 1.00%. Interest is payable, in the case of loans bearing interest based on LIBOR, at the end of each interest period (but at least every three months), in arrears and, in the case of loans bearing interest based on the base rate, quarterly in arrears.

The Term Loan B-1 Facility amortizes in equal quarterly installments in aggregate annual amounts equal to 1% of the original principal amount. The Term Loan A-4 Facility amortizes in equal quarterly installments in aggregate annual amounts equal to 5% of the original principal amount in each of the first four years after the facility closing date of December 20, 2018, and 80% of the original principal amount in the fifth year after December 20, 2018. The Term Loan A-6 Facility amortizes in equal quarterly installments in aggregate annual amounts equal to 5% of the original principal amount in each of the first four years after the facility closing date of March 13, 2019, and 80% of the original principal amount in the fifth year after March 13, 2019. The Revolving Credit Facility has no amortization.

The borrowers may voluntarily repay outstanding loans under the term loan facilities and the Revolving Credit Facility at any time without premium or penalty, other than customary “breakage” costs.

All obligations of the borrowers under the Senior Secured Credit Facilities and certain swap agreements, cash management arrangements, and certain letters of credit provided by any lender or agent party to the Senior Secured Credit Facilities or any of its affiliates and certain other persons are secured by (a) a first-priority security interest in certain tangible and intangible assets of the borrowers and the guarantors and (b) a first-priority pledge of 100% of the capital stock of the borrowers, Dell Inc., a wholly-owned subsidiary of the Company (“Dell”), and each wholly-owned material restricted subsidiary of the borrowers and the guarantors, in each case subject to certain thresholds, exceptions, and permitted liens.

First Lien Notes — Dell International L.L.C. and EMC Corporation, both of which are wholly-owned subsidiaries of Dell Technologies Inc., completed private offerings of multiple series of senior secured notes (collectively, the “First Lien Notes”) which were issued on June 1, 2016, March 20, 2019, and April 9, 2020 in aggregate principal amounts of $20.0 billion, $4.5 billion, and $2.25 billion, respectively. Interest on the First Lien Notes is payable semiannually. The First Lien Notes are secured on a pari passu basis with the Senior Secured Credit Facilities, on a first-priority basis by substantially all of the tangible and intangible assets of the issuers and guarantors that secure obligations under the Senior Secured Credit Facilities, including pledges of all capital stock of the issuers, Dell, and certain wholly-owned material subsidiaries of the issuers and the guarantors, subject to certain exceptions.

The Company has agreed to use commercially reasonable efforts to register with the SEC notes having terms substantially identical to the terms of the First Lien Notes as part of an offer to exchange such registered notes for the First Lien Notes. The Company will be obligated to pay additional interest on the First Lien Notes if it fails to consummate such an exchange offer within five years after the closing date of the EMC merger transaction, in the case of the First Lien Notes issued on June 1, 2016, and within five years after their respective issue dates, in the case of the First Lien Notes issued on March 20, 2019 and April 9, 2020.

China Revolving Credit Facility — The Company entered into a new revolving credit facility for China (the “China Revolving Credit Facility”) effective May 25, 2020. The new terms provide for collateralized and non-collateralized principal amounts not to exceed $1.0 billion Chinese renminbi and $1.8 billion Chinese renminbi, respectively, or equivalent amounts in U.S. dollars. Outstanding borrowings under the collateralized portion of the China Revolving Credit Facility bear interest at the loan prime rate (“LPR”) less 0.2%, for borrowings denominated in Chinese renminbi, or LIBOR plus 1.0%, for borrowings denominated in U.S. dollars, and outstanding borrowings under the non-collateralized portion bear interest at LPR less 0.2%, for borrowings denominated in Chinese renminbi, or LIBOR plus 1.4%, for borrowings denominated in U.S. dollars. The new facility expired on August 30, 2020.

During the fiscal year ended January 31, 2020, the Company renewed the credit agreement for its legacy China revolving credit facility with a bank lender, which provided an uncommitted line with an aggregate principal amount not to exceed $500 million at an interest rate of LIBOR plus 0.6% per annum. The facility was terminated upon expiration on February 26, 2020.

Unsecured Debt

Unsecured Notes and Debentures — The Company has outstanding unsecured notes and debentures (collectively, the “Unsecured Notes and Debentures”) that were issued by Dell prior to the acquisition of Dell by Dell Technologies Inc. in the going-private transaction that closed in October 2013. Interest on these borrowings is payable semiannually.

Senior Notes — The senior unsecured notes (collectively, the “Senior Notes”) were issued on June 22, 2016 in an aggregate principal amount of $3.25 billion. Interest on these borrowings is payable semiannually.

EMC Notes — On September 7, 2016, EMC had outstanding $2.5 billion aggregate principal amount of its 1.875% Notes due June 2018, which the Company fully repaid during the three months ended August 3, 2018, $2.0 billion aggregate principal amount of its 2.650% Notes due June 2020, and $1.0 billion aggregate principal amount of its 3.375% Notes due June 2023 (collectively, the “EMC Notes”). Interest on these borrowings is payable semiannually.

VMware Notes — VMware, Inc. completed public offerings of unsecured senior notes in the aggregate amounts of $4.0 billion and $2.0 billion on August 21, 2017 and April 7, 2020, respectively (the “VMware Notes”). None of the net proceeds of such borrowings will be made available to support the operations or satisfy any corporate purposes of Dell Technologies, other than the operations and corporate purposes of VMware, Inc. and VMware, Inc.’s subsidiaries. Interest on these borrowings is payable semiannually.

VMware Revolving Credit Facility — On September 12, 2017, VMware, Inc. entered into an unsecured credit agreement, establishing a revolving credit facility (the “VMware Revolving Credit Facility”) with a syndicate of lenders that provides the company with a borrowing capacity of up to $1.0 billion for VMware, Inc. general corporate purposes. Commitments under the VMware Revolving Credit Facility are available for a period of five years, which may be extended, subject to the satisfaction of certain conditions, by up to two one year periods. The credit agreement contains certain representations, warranties, and covenants. Commitment fees, interest rates, and other terms of borrowing under the VMware Revolving Credit Facility may vary based on VMware, Inc.’s external credit ratings. None of the net proceeds of such borrowings will be made available to support the operations or satisfy any corporate purposes of Dell Technologies, other than the operations and corporate purposes of VMware, Inc. and VMware, Inc.’s subsidiaries. As of October 30, 2020, there were no outstanding borrowings under the VMware Revolving Credit Facility.

VMware Term Loan Facility — On September 26, 2019, VMware, Inc. entered into a senior unsecured term loan facility (the “VMware Term Loan Facility”) with a syndicate of lenders that provided VMware, Inc. with a borrowing capacity of up to $2.0 billion through February 7, 2020, for VMware, Inc. general corporate purposes. During the three months ended October 30, 2020, VMware, Inc. repaid the outstanding borrowings of $1.5 billion under the VMware Term Loan Facility.

As of January 31, 2020, the outstanding borrowings under the VMware Term Loan Facility were $1.5 billion. None of the net proceeds of such borrowings were made available to support the operations or satisfy any corporate purposes of Dell Technologies, other than the operations and corporate purposes of VMware, Inc. and VMware, Inc.’s subsidiaries.

DFS Debt

See Note 4 and Note 7 of the Notes to the Condensed Consolidated Financial Statements, respectively, for discussion of DFS debt and the interest rate swap agreements that hedge a portion of that debt.

Other

Margin Loan Facility — On April 12, 2017, the Company entered into the Margin Loan Facility in an aggregate principal amount of $2.0 billion, under which VMW Holdco LLC, a wholly-owned subsidiary of EMC, is the borrower. In connection with the Class V transaction described in Note 1 of the Notes to the Condensed Consolidated Financial Statements, on December 20, 2018, the Company amended the Margin Loan Facility to increase the aggregate principal amount to $3.35 billion. In connection with obtaining the Term Loan A-6 Facility during the fiscal year ended January 31, 2020, the Company increased the aggregate principal amount of the Margin Loan Facility to $4.0 billion.

During the three months ended May 1, 2020, due to volatility in the U.S. stock market resulting from the outbreak of COVID-19, VMware Holdco LLC proactively pledged additional shares of VMware, Inc. common stock to secure its obligations under the Margin Loan Facility agreement. This resulted in an aggregate number of shares pledged of approximately 76 million shares of Class B common stock of VMware, Inc. and approximately 24 million shares of Class A common stock of VMware, Inc.

Loans under the Margin Loan Facility bear interest at a rate per annum payable, at the borrower’s option, either at (a) a base rate plus 1.25% per annum or (b) a LIBOR-based rate plus 2.25% per annum. Interest under the Margin Loan Facility is payable quarterly. The Margin Loan Facility will mature in April 2022. The borrower may voluntarily repay outstanding loans under the Margin Loan Facility at any time without premium or penalty, other than customary “breakage” costs, subject to certain minimum threshold amounts for prepayment.

Aggregate Future Maturities

The following table presents the aggregate future maturities of the Company’s debt as of October 30, 2020 for the periods indicated:


	Maturities by Fiscal Year
	2021 (remaining three months)		2022		2023		2024		2025		Thereafter		Total
	(in millions)
Senior Secured Credit Facilities and First Lien Notes	$	—	$	172	$	286	$	7,384	$	1,047	$	18,297	$	27,186
Unsecured Notes and Debentures	—		400		—		—		—		952		1,352
Senior Notes and EMC Notes	—		1,075		—		1,000		1,625		—		3,700
VMware Notes	—		—		1,500		—		—		3,250		4,750
DFS Debt	2,012		3,481		2,654		356		692		6		9,201
Margin Loan Facility	—		—		4,000		—		—		—		4,000
Other	3		12		12		156		8		31		222
Total maturities, principal amount	2,015		5,140		8,452		8,896		3,372		22,536		50,411
Associated carrying value adjustments	(1)		(10)		(14)		(38)		(83)		(404)		(550)
Total maturities, carrying value amount	$	2,014	$	5,130	$	8,438	$	8,858	$	3,289	$	22,132	$	49,861

Covenants and Unrestricted Net Assets — The credit agreement for the Senior Secured Credit Facilities contains customary negative covenants that generally limit the ability of Denali Intermediate Inc., a wholly-owned subsidiary of Dell Technologies, Dell, and Dell’s and Denali Intermediate’s other restricted subsidiaries to incur debt, create liens, make fundamental changes, enter into asset sales, make certain investments, pay dividends or distribute or redeem certain equity interests, prepay or redeem certain debt, and enter into certain transactions with affiliates. The indenture governing the Senior Notes contains customary negative covenants that generally limit the ability of Denali Intermediate, Dell, and Dell’s and Denali Intermediate’s other restricted subsidiaries to incur additional debt or issue certain preferred shares, pay dividends on or make other distributions in respect of capital stock or make other restricted payments, make certain investments, sell or transfer certain assets, create liens on certain assets to secure debt, consolidate, merge, sell, or otherwise dispose of all or substantially all assets, enter into certain transactions with affiliates, and designate subsidiaries as unrestricted subsidiaries. The negative covenants under such credit agreements and indenture are subject to certain exceptions, qualifications, and “baskets.” The indentures governing the First Lien Notes, the Unsecured Notes and Debentures, and the EMC Notes variously impose limitations, subject to specified exceptions, on creating certain liens, entering into sale and lease-back transactions, and entering into certain asset sales. The foregoing credit agreements and indentures contain customary events of default, including failure to make required payments, failure to comply with covenants, and the occurrence of certain events of bankruptcy and insolvency.

As of October 30, 2020, the Company had certain consolidated subsidiaries that were designated as unrestricted subsidiaries for all purposes of the applicable credit agreements and the indentures governing the First Lien Notes and the Senior Notes. Substantially all of the net assets of the Company’s consolidated subsidiaries were restricted, with the exception of the Company’s unrestricted subsidiaries, primarily VMware, Inc., Secureworks, and their respective subsidiaries, as of October 30, 2020.

The Term Loan A-4 Facility, the Term Loan A-6 Facility, and the Revolving Credit Facility are subject to a first lien leverage ratio covenant that is tested at the end of each fiscal quarter of Dell with respect to Dell’s preceding four fiscal quarters. The Company was in compliance with all financial covenants as of October 30, 2020.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

9 Months Ended

Oct. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

NOTE 7 — DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

As part of its risk management strategy, the Company uses derivative instruments, primarily foreign currency forward and option contracts and interest rate swaps, to hedge certain foreign currency and interest rate exposures, respectively.

The Company’s objective is to offset gains and losses resulting from these exposures with gains and losses on the derivative contracts used to hedge the exposures, thereby reducing volatility of earnings and protecting the fair values of assets and liabilities. The earnings effects of the derivative instruments are presented in the same income statement line items as the earnings effects of the hedged items. For derivatives designated as cash flow hedges, the Company assesses hedge effectiveness both at the onset of the hedge and at regular intervals throughout the life of the derivative. The Company does not have any derivatives designated as fair value hedges.

Foreign Exchange Risk

The Company uses foreign currency forward and option contracts designated as cash flow hedges to protect against the foreign currency exchange rate risks inherent in its forecasted transactions denominated in currencies other than the U.S. Dollar. Hedge accounting is applied based upon the criteria established by accounting guidance for derivative instruments and hedging activities. The risk of loss associated with purchased options is limited to premium amounts paid for the option contracts. The risk of loss associated with forward contracts is equal to the exchange rate differential from the time the contract is entered into until the time it is settled. The majority of these contracts typically expire in twelve months or less.

During the three and nine months ended October 30, 2020 and November 1, 2019, the Company did not discontinue any cash flow hedges related to foreign exchange contracts that had a material impact on the Company’s results of operations due to the probability that the forecasted cash flows would not occur.

The Company uses forward contracts to hedge monetary assets and liabilities denominated in a foreign currency. These contracts generally expire in three months or less, are considered economic hedges, and are not designated for hedge accounting. The change in the fair value of these instruments represents a natural hedge as their gains and losses offset the changes in the underlying fair value of the monetary assets and liabilities due to movements in currency exchange rates.

In connection with expanded offerings of DFS in Europe, forward contracts are used to hedge financing receivables denominated in foreign currencies other than Euro. These contracts are not designated for hedge accounting and most expire within three years or less.

Interest Rate Risk

The Company uses interest rate swaps to hedge the variability in cash flows related to the interest rate payments on structured financing debt. The interest rate swaps economically convert the variable rate on the structured financing debt to a fixed interest rate to match the underlying fixed rate being received on fixed-term customer leases and loans. These contracts are not designated for hedge accounting and most expire within three years or less.

Interest rate swaps are utilized to manage the interest rate risk, at a portfolio level, associated with DFS operations in Europe. The interest rate swaps economically convert the fixed rate on financing receivables to a three-month Euribor floating rate basis in order to match the floating rate nature of the banks’ funding pool. These contracts are not designated for hedge accounting and most expire within five years or less.

The Company utilizes cross currency amortizing swaps to hedge the currency and interest rate risk exposure associated with the securitization program that was established in Europe in January 2017. The cross currency swaps combine a Euro-based interest rate swap with a British Pound or U.S. Dollar foreign exchange forward contract in which the Company pays a fixed British Pound or U.S. Dollar amount and receives a floating amount in Euros linked to the one-month Euribor. The notional value of the swaps amortizes in line with the expected cash flows and run-off of the securitized assets. The swaps are not designated for hedge accounting and expire within five years or less.

Derivative Instruments

Notional Amounts of Outstanding Derivative Instruments


	October 30, 2020		January 31, 2020
	(in millions)
Foreign exchange contracts:
Designated as cash flow hedging instruments	$	6,436	$	8,703
Non-designated as hedging instruments	8,808		7,711
Total	$	15,244	$	16,414
Interest rate contracts:
Non-designated as hedging instruments	$	5,164	$	4,043

Effect of Derivative Instruments Designated as Hedging Instruments on the Condensed Consolidated Statements of Financial Position and the Condensed Consolidated Statements of Income (Loss)


Derivatives in Cash Flow Hedging Relationships	Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives		Location of Gain (Loss) Reclassified from Accumulated OCI into Income	Gain (Loss) Reclassified from Accumulated OCI into Income
	(in millions)			(in millions)
For the three months ended October 30, 2020
			Total net revenue	$	(88)
Foreign exchange contracts	$	45	Total cost of net revenue	4
Interest rate contracts	—		Interest and other, net	—
Total	$	45		$	(84)

For the three months ended November 1, 2019
			Total net revenue	$	71
Foreign exchange contracts	$	(47)	Total cost of net revenue	—
Interest rate contracts	—		Interest and other, net	—
Total	$	(47)		$	71

For the nine months ended October 30, 2020
			Total net revenue	$	17
Foreign exchange contracts	$	(45)	Total cost of net revenue	7
Interest rate contracts	—		Interest and other, net	—
Total	$	(45)		$	24

For the nine months ended November 1, 2019
			Total net revenue	$	197
Foreign exchange contracts	$	210	Total cost of net revenue	—
Interest rate contracts	—		Interest and other, net	—
Total	$	210		$	197

Effect of Derivative Instruments Not Designated as Hedging Instruments on the Condensed Consolidated Statements of Income (Loss)


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019		Location of Gain (Loss) Recognized
	(in millions)
Gain (Loss) Recognized:
Foreign exchange contracts	$	(127)	$	13	$	87	$	(46)	Interest and other, net
Interest rate contracts	1		1		(43)		(21)		Interest and other, net
Total	$	(126)	$	14	$	44	$	(67)

Fair Value of Derivative Instruments in the Condensed Consolidated Statements of Financial Position

The Company presents its foreign exchange derivative instruments on a net basis in the Condensed Consolidated Statements of Financial Position due to the right of offset by its counterparties under master netting arrangements. The following tables present the fair value of those derivative instruments presented on a gross basis as of the dates indicated:


	October 30, 2020
	Other Current Assets		Other Non- Current Assets		Other Current Liabilities		Other Non-Current Liabilities		Total Fair Value
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange contracts in an asset position	$	22	$	—	$	59	$	—	$	81
Foreign exchange contracts in a liability position	—		—		(13)		—		(13)
Net asset (liability)	22		—		46		—		68
Derivatives not designated as hedging instruments:
Foreign exchange contracts in an asset position	37		1		79		—		117
Foreign exchange contracts in a liability position	(19)		—		(274)		(2)		(295)
Interest rate contracts in an asset position	—		11		—		—		11
Interest rate contracts in a liability position	—		—		—		(30)		(30)
Net asset (liability)	18		12		(195)		(32)		(197)
Total derivatives at fair value	$	40	$	12	$	(149)	$	(32)	$	(129)

	January 31, 2020
	Other Current Assets		Other Non- Current Assets		Other Current Liabilities		Other Non-Current Liabilities		Total Fair Value
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange contracts in an asset position	$	108	$	—	$	15	$	—	$	123
Foreign exchange contracts in a liability position	(2)		—		(3)		—		(5)
Net asset (liability)	106		—		12		—		118
Derivatives not designated as hedging instruments:
Foreign exchange contracts in an asset position	136		—		39		—		175
Foreign exchange contracts in a liability position	(162)		—		(81)		(6)		(249)
Interest rate contracts in an asset position	—		1		—		—		1
Interest rate contracts in a liability position	—		—		—		(32)		(32)
Net asset (liability)	(26)		1		(42)		(38)		(105)
Total derivatives at fair value	$	80	$	1	$	(30)	$	(38)	$	13

The following tables present the gross amounts of the Company’s derivative instruments, amounts offset due to master netting agreements with the Company’s counterparties, and the net amounts recognized in the Condensed Consolidated Statements of Financial Position as of the dates indicated:


	October 30, 2020
	Gross Amounts of Recognized Assets/ (Liabilities)		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position		Gross Amounts not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments		Cash Collateral Received or Pledged
	(in millions)
Derivative instruments:
Financial assets	$	209	$	(157)	$	52	$	—	$	—	$	52
Financial liabilities	(338)		157		(181)		—		(4)		(185)
Total derivative instruments	$	(129)	$	—	$	(129)	$	—	$	(4)	$	(133)

	January 31, 2020
	Gross Amounts of Recognized Assets/ (Liabilities)		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position		Gross Amounts not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments		Cash Collateral Received or Pledged
	(in millions)
Derivative instruments:
Financial assets	$	299	$	(218)	$	81	$	—	$	—	$	81
Financial liabilities	(286)		218		(68)		—		15		(53)
Total derivative instruments	$	13	$	—	$	13	$	—	$	15	$	28

BUSINESS COMBINATIONS, GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Oct. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

BUSINESS COMBINATIONS, GOODWILL AND INTANGIBLE ASSETS

NOTE 8 — BUSINESS COMBINATIONS, GOODWILL AND INTANGIBLE ASSETS

Business Combinations

VMware, Inc. Acquisitions

SaltStack, Inc. — During the three months ended October 30, 2020, VMware, Inc. completed the acquisition of SaltStack, Inc., a developer of intelligent, event-driven automation software, to broaden VMware, Inc.’s Cloud Management capabilities from infrastructure to applications. The total purchase price, net of cash acquired, was $51 million. The purchase price primarily included $29 million of intangible assets and $24 million of goodwill that is not expected to be deductible for tax purposes. The identifiable intangible assets, which primarily consisted of completed technology, have estimated useful lives of three years.

Datrium, Inc. — During the three months ended July 31, 2020, VMware, Inc. completed the acquisition of Datrium, Inc., a provider of cloud-native disaster recovery solutions, to broaden the VMware Site Recovery Disaster Recovery as a Service offerings. The total purchase price, net of cash acquired, was $137 million. The purchase price primarily included $25 million of identifiable intangible assets and $91 million of goodwill that is not expected to be deductible for tax purposes. The identifiable intangible assets, which primarily consisted of completed technology, have estimated useful lives of three years to five years.

Lastline, Inc. — During the three months ended July 31, 2020, VMware, Inc. completed the acquisition of Lastline, Inc., a provider of network-based security breach detection products and services, to enhance capabilities for network detection and threat analysis on VMware NSX and SD-WAN offerings. The total purchase price, net of cash acquired, was $114 million. The purchase price primarily included $29 million of identifiable intangible assets and $86 million of goodwill that is not expected to be deductible for tax purposes. The identifiable intangible assets, which primarily consisted of completed technology, have estimated useful lives of one year to four years.

Nyansa, Inc. — During the three months ended May 1, 2020, VMware, Inc. completed the acquisition of Nyansa, Inc., a developer of artificial intelligence-based network analytics, to accelerate the delivery of end-to-end monitoring and troubleshooting capabilities within VMware SD-WAN by VeloCloud. The total purchase price, net of cash acquired, was $38 million. The purchase price primarily included $14 million of identifiable intangible assets and $24 million of goodwill that is not expected to be deductible for tax purposes. The identifiable intangible assets, which primarily consisted of completed technology, have estimated useful lives of one year to four years.

Other Fiscal 2021 Acquisitions — During the nine months ended October 30, 2020, VMware, Inc. completed three other acquisitions, which were not material individually to the Condensed Consolidated Financial Statements. VMware, Inc. expects these acquisitions to enhance its product features and capabilities for VMware Carbon Black Cloud and vRealize Operations offerings. The aggregate purchase price for these three acquisitions, net of cash acquired, was $44 million and primarily included $35 million of identifiable intangible assets and $16 million of goodwill, of which $24 million is expected to be deductible for tax purposes. The identifiable intangible assets, which primarily consisted of completed technology, have estimated useful lives of one year to five years.

For each of the acquisitions completed during the nine months ended October 30, 2020, the excess of the purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill, which management believes represents synergies expected from combining the technologies of VMware, Inc. with those of the acquired businesses. The estimated fair value assigned to the tangible assets, identifiable intangible assets, and assumed liabilities were based on management's estimates and assumptions. The initial allocation of the purchase price was based on preliminary valuations and assumptions and is subject to change within the measurement period. VMware, Inc. expects to finalize the allocation of the purchase price within the measurement period.

The pro forma financial information assuming these Fiscal 2021 acquisitions had occurred as of the beginning of the fiscal year prior to the fiscal year of acquisition, as well as the revenue and earnings generated during the current fiscal year, were not material for disclosure purposes.

Goodwill

The Infrastructure Solutions Group, Client Solutions Group, and VMware reporting units are consistent with the reportable segments identified in Note 17 of the Notes to the Condensed Consolidated Financial Statements. Offerings within Other businesses as defined below represent separate reporting units.

The following table presents goodwill allocated to the Company’s reportable segments and changes in the carrying amount of goodwill as of the dates indicated:


	Infrastructure Solutions Group		Client Solutions Group		VMware		Other Businesses (a)		Total
	(in millions)
Balance as of January 31, 2020	$	15,089	$	4,237	$	20,532	$	1,833	$	41,691
Goodwill acquired (b)	—		—		230		8		238
Impact of foreign currency translation	90		—		—		9		99
Goodwill divested (c)	—		—		—		(1,385)		(1,385)


Balance as of October 30, 2020	$	15,179	$	4,237	$	20,762	$	465	$	40,643

____________________

(a) As of October 30, 2020, goodwill allocated to Other businesses consists of Secureworks, Virtustream, and Boomi.

(b) Primarily VMware, Inc. business combinations completed during the nine months ended October 30, 2020, as discussed above.

(c) During the three months ended October 30, 2020, Dell Technologies closed the transaction to sell RSA Security. Prior to the divestiture, RSA Security was included in Other businesses. See Note 1 of the Notes to the Condensed Consolidated Financial Statements for additional information about the divestiture of RSA Security.

Goodwill Impairment Tests — Goodwill and indefinite-lived intangible assets are tested for impairment annually during the third fiscal quarter and whenever events or circumstances may indicate that an impairment has occurred. As a result of the changes in the current economic environment related to the COVID-19 pandemic, the Company considered whether there was a potential triggering event requiring the evaluation of whether goodwill of any of the reporting units should be tested for impairment. The Company determined there was no triggering event in previous quarters during Fiscal 2021 and no impairment test was performed other than the Company’s annual impairment review in the third quarter of Fiscal 2021.

For the annual impairment review in the third quarter of Fiscal 2021, the Company elected to bypass the assessment of qualitative factors to determine whether it was more likely than not that the fair value of a reporting unit was less than its carrying amount, including goodwill. In electing to bypass the qualitative assessment, the Company proceeded directly to performing a quantitative goodwill impairment test to measure the fair value of each goodwill reporting unit relative to its carrying amount, and to determine the amount of goodwill impairment loss to be recognized, if any.

Management exercised significant judgment related to the above assessment, including the identification of goodwill reporting units, assignment of assets and liabilities to goodwill reporting units, assignment of goodwill to reporting units, and determination of the fair value of each goodwill reporting unit. The fair value of each goodwill reporting unit is generally estimated using a combination of public company multiples and discounted cash flow methodologies, unless the reporting unit relates to a publicly-traded entity (VMware, Inc. or Secureworks), in which case the fair value is determined based primarily on the public company market valuation. The discounted cash flow and public company multiples methodologies require significant judgment, including estimation of future cash flows, which is dependent on internal forecasts, current and anticipated economic conditions and trends, selection of market multiples through assessment of the reporting unit’s performance relative to peer competitors, the estimation of the long-term revenue growth rate and discount rate of the Company’s business, and the determination of the Company’s weighted average cost of capital. Changes in these estimates and assumptions could materially affect the fair value of the goodwill reporting unit, potentially resulting in a non-cash impairment charge.

The fair value of the indefinite-lived trade names is generally estimated using discounted cash flow methodologies. The discounted cash flow methodology requires significant judgment, including estimation of future revenue, which is dependent on internal forecasts, the estimation of the long-term revenue growth rate of the Company’s business and the determination of the Company’s weighted average cost of capital and royalty rates. Changes in these estimates and assumptions could materially affect the fair value of the indefinite-lived intangible assets, potentially resulting in a non-cash impairment charge.

Based on the results of the annual impairment test performed during the three months ended October 30, 2020, the fair values of each of the reporting units exceeded their carrying values.

During the fiscal year ended January 31, 2020, an interim impairment assessment of Virtustream was required. There were no remaining balances of Virtustream goodwill, intangible assets, or property, plant, and equipment as of January 31, 2020 following the gross asset impairment charge of $619 million (comprised of $207 million of goodwill, $266 million of intangible assets, net, and $146 million of property, plant, and equipment, net) recognized during the fiscal year ended January 31, 2020, and a gross goodwill impairment charge of $190 million recognized during the fiscal year ended February 1, 2019. The impairment was reflected in Other, net within cash flows from operating activities on the Condensed Consolidated Statements of Cash Flows.

Intangible Assets

The following table presents the Company’s intangible assets as of the dates indicated:


	October 30, 2020						January 31, 2020
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
	(in millions)
Customer relationships	$	22,399	$	(15,004)	$	7,395	$	22,950	$	(13,821)	$	9,129
Developed technology	15,484		(11,758)		3,726		15,707		(10,974)		4,733
Trade names	1,266		(885)		381		1,306		(816)		490
Definite-lived intangible assets	39,149		(27,647)		11,502		39,963		(25,611)		14,352
Indefinite-lived trade names	3,755		—		3,755		3,755		—		3,755
Total intangible assets	$	42,904	$	(27,647)	$	15,257	$	43,718	$	(25,611)	$	18,107

Amortization expense related to definite-lived intangible assets was approximately $0.8 billion and $1.1 billion for the three months ended October 30, 2020 and November 1, 2019, respectively, and $2.5 billion and $3.3 billion for the nine months ended October 30, 2020 and November 1, 2019, respectively. There were no material impairment charges related to intangible assets during the three and nine months ended October 30, 2020. During the nine months ended November 1, 2019, an impairment charge related to Virtustream intangible assets, net was approximately $266 million.

During the three months ended May 1, 2020, the Company recognized proceeds and a gain of $120 million from the sale of certain internally developed intellectual property assets.

The following table presents the estimated future annual pre-tax amortization expense of definite-lived intangible assets as of the date indicated:


	October 30, 2020
Fiscal Years	(in millions)
2021 (remaining three months)	$	846
2022	2,698
2023	1,820
2024	1,451
2025	1,101
Thereafter	3,586
Total	$	11,502

DEFERRED REVENUE

9 Months Ended

Oct. 30, 2020

Revenue from Contract with Customer [Abstract]

DEFERRED REVENUE

NOTE 9 — DEFERRED REVENUE

Deferred Revenue — Deferred revenue is recorded for support and deployment services, software maintenance, professional services, training, and software-as-a-service when the Company has a right to invoice or payments have been received for undelivered products or services where transfer of control has not occurred. Revenue is recognized on these items when the revenue recognition criteria are met, generally resulting in ratable recognition over the contract term. The Company also has deferred revenue related to undelivered hardware and professional services, consisting of installations and consulting engagements, which are recognized as the Company’s performance obligations under the contract are completed.

The following table presents the changes in the Company’s deferred revenue for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Deferred revenue:
Deferred revenue at beginning of period	$	28,791	$	25,348	$	27,800	$	24,010
Revenue deferrals	5,432		5,326		17,560		16,201
Revenue recognized	(5,542)		(4,922)		(16,418)		(14,459)
Other (a) (b)	—		151		(261)		151
Deferred revenue at end of period	$	28,681	$	25,903	$	28,681	$	25,903
Short-term deferred revenue	$	15,259	$	13,787	$	15,259	$	13,787
Long-term deferred revenue	$	13,422	$	12,116	$	13,422	$	12,116

____________________

(a) For the nine months ended October 30, 2020, Other consists of divested deferred revenue from the sale of RSA Security. See Note 1 of the Notes to the Condensed Consolidated Financial Statements for more information about the divestiture of RSA Security. For the three months ended October 30, 2020, there was no impact to deferred revenue because RSA Security was previously classified as held for sale.

(b) For the three and nine months ended November 1, 2019, Other consists of acquired deferred revenue from Carbon Black, Inc. by VMware, Inc.

Remaining Performance Obligations — Remaining performance obligations represent the aggregate amount of the transaction price allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligations include deferred revenue plus unbilled amounts not yet recorded in deferred revenue. The value of the transaction price allocated to remaining performance obligations as of October 30, 2020 was approximately $38 billion. The Company expects to recognize approximately 63% of remaining performance obligations as revenue in the next twelve months, and the remainder thereafter.

The aggregate amount of the transaction price allocated to remaining performance obligations does not include amounts owed under cancelable contracts where there is no substantive termination penalty. The Company applied the practical expedient to exclude the value of remaining performance obligations for contracts for which revenue is recognized at the amount to which the Company has the right to invoice for services performed.

Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, periodic revalidation, adjustments for revenue that have not materialized, and adjustments for currency.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Oct. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 — COMMITMENTS AND CONTINGENCIES Legal Matters The Company is involved in various claims, suits, assessments, investigations, and legal proceedings that arise from time to time in the ordinary course of its business, including those identified below, consisting of matters involving consumer, antitrust, tax, intellectual property, and other issues on a global basis. The Company accrues a liability when it believes that it is both probable that a liability has been incurred and that it can reasonably estimate the amount of the loss. The Company reviews these accruals at least quarterly and adjusts them to reflect ongoing negotiations, settlements, rulings, advice of legal counsel, and other relevant information. To the extent new information is obtained and the Company’s views on the probable outcomes of claims, suits, assessments, investigations, or legal proceedings change, changes in the Company’s accrued liabilities would be recorded in the period in which such a determination is made. For some matters, the amount of liability is not probable or the amount cannot be reasonably estimated and therefore accruals have not been made. The following is a discussion of the Company’s significant legal matters and other proceedings: Class Actions Related to the Class V Transaction — Four purported stockholders brought putative class action complaints arising out of the Class V transaction described in Note 1of the Notes to the Condensed Consolidated Financial Statements. The actions were captioned Hallandale Beach Police and Fire Retirement Plan v. Michael Dell et al. (Civil Action No. 2018-0816-JTL), Howard Karp v. Michael Dell et al. (Civil Action No. 2019-0032-JTL), Miramar Police Officers’ Retirement Plan v. Michael Dell et al. (Civil Action No. 2019-0049-JTL), and Steamfitters Local 449 Pension Plan v. Michael Dell et al. (Civil Action No. 2019-0115-JTL). The four actions were consolidated in the Delaware Chancery Court into In Re Dell Class V Litigation (Consol. C.A. No. 2018-0816-JTL), which names as defendants the Company’s board of directors and certain stockholders of the Company, including Michael S. Dell. The plaintiffs generally allege that the defendants breached their fiduciary duties to the former holders of Class V Common Stock in connection with the Class V transaction by allegedly causing the Company to enter into a transaction that favored the interests of the controlling stockholders at the expense of such former stockholders. The plaintiffs seek, among other remedies, a judicial declaration that the defendants breached their fiduciary duties and an award of damages, fees, and costs. The plaintiffs filed an amended complaint in August 2019 making substantially similar allegations to those described above. The defendants filed a motion to dismiss the action in September 2019. The court denied the motion in June 2020 and the case has now moved to discovery. Patent Litigation — On April 25, 2019, Cirba Inc. (“Cirba”) filed a lawsuit against VMware, Inc. in the United States District Court for the District of Delaware, alleging two patent infringement claims and three trademark infringement-related claims. On May 6, 2019, Cirba filed a motion seeking a preliminary injunction tied to one of the two patents it alleges VMware, Inc. infringes. Following a hearing on August 6, 2019, the Court denied Cirba’s preliminary injunction motion and set the case for trial in mid-January 2020. On August 20, 2019, VMware, Inc. filed counterclaims against Cirba, asserting among other claims that Cirba is infringing four VMware, Inc. patents. The Delaware Court severed those claims from the January 2020 trial on Cirba’s claims, and the trial on VMware, Inc.’s patent claims is currently set for September 2021. The trial on Cirba’s claims in the Delaware court was completed on January 23, 2020, and on January 24, 2020, the jury returned a verdict finding that VMware, Inc. willfully infringed the two asserted patents and awarding approximately $237 million in damages. The jury further found that VMware, Inc. was not liable on Cirba’s trademark infringement-related claims. A total of $237 million was accrued for the Delaware action, which reflects the estimated losses that are considered both probable and reasonably estimable at this time. The parties filed the post-trial motions in which VMware, Inc. moved to set aside the verdict and reduce the damages award, and Cirba moved for a permanent injunction, enhanced damages, setting of an ongoing royalty rate, and an award of pre-judgment and post-judgment interest and supplemental damages. A hearing was held in the Delaware court on those motions on May 15, 2020, and the Delaware court has taken those motions under advisement. VMware, Inc. intends to vigorously defend itself in this matter, including, if necessary, via an appeal. Final resolution of this matter could be materially different from the amount accrued. The amount accrued for this matter is included in Accrued and other in the Condensed Consolidated Statements of Financial Position as of October 30, 2020 and January 31, 2020, and the charge was classified in Selling, general and administrative in the Consolidated Statements of Income (Loss) during the fiscal year ended January 31, 2020. On October 22, 2019, VMware, Inc. filed a separate patent infringement lawsuit against Cirba in the United States District Court for the Eastern District of Virginia, asserting that Cirba infringes four additional VMware, Inc. patents. The Virginia court transferred these patent claims to Delaware. On March 23, 2020, Cirba filed a counterclaim asserting one additional patent against VMware, Inc. VMware, Inc. intends to vigorously defend itself in this matter. Class Actions Related to VMware, Inc.’s Acquisition of Pivotal — Two purported stockholders brought putative class action complaints arising out of VMware, Inc.’s acquisition of Pivotal Software, Inc. on December 30, 2019 as described in Note 1 of the Notes to the Condensed Consolidated Financial Statements. The two actions were consolidated in the Delaware Chancery Court into In re: Pivotal Software, Inc. Stockholders Litigation (Civil Action No. 2020-0440-KSJM). The complaint names as defendants the Company, VMware, Inc., Michael S. Dell, and certain officers of Pivotal. The plaintiffs generally allege that the defendants breached their fiduciary duties to the former holders of Pivotal Class A Common Stock in connection with VMware, Inc.’s acquisition of Pivotal by allegedly causing Pivotal to enter into a transaction that favored the interests of Pivotal’s controlling stockholders at the expense of such former stockholders. The plaintiffs seek, among other remedies, a judicial declaration that the defendants breached their fiduciary duties and an award of damages, fees, and costs. Other Litigation — The various legal proceedings in which Dell is involved include commercial and intellectual property litigation. Dell does not currently anticipate that any of these matters will have a material adverse effect on its business, financial condition, results of operations, or cash flows. As of October 30, 2020, the Company does not believe there is a reasonable possibility that a material loss exceeding the amounts already accrued for these or other proceedings or matters has been incurred. However, since the ultimate resolution of any such proceedings and matters is inherently unpredictable, the Company’s business, financial condition, results of operations, or cash flows could be materially affected in any particular period by unfavorable outcomes in one or more of these proceedings or matters. Whether the outcome of any claim, suit, assessment, investigation, or legal proceeding, individually or collectively, could have a material adverse effect on the Company’s business, financial condition, results of operations, or cash flows will depend on a number of variables, including the nature, timing, and amount of any associated expenses, amounts paid in settlement, damages, or other remedies or consequences. Indemnifications In the ordinary course of business, the Company enters into contractual arrangements under which it may agree to indemnify the third party to such arrangements from any losses incurred relating to the services it performs on behalf of the Company or for losses arising from certain events as defined in the particular contract, such as litigation or claims relating to past performance. Such indemnification obligations may not be subject to maximum loss clauses. Historically, payments related to these indemnifications have not been material to the Company.

INCOME AND OTHER TAXES	9 Months Ended
INCOME AND OTHER TAXES	Oct. 30, 2020
Income Tax Disclosure [Abstract]
INCOME AND OTHER TAXES	NOTE 11 — INCOME AND OTHER TAXES For the three months ended October 30, 2020 and November 1, 2019, the Company’s effective income tax rates were 37.2% and -247.2% on pre-tax income of $1.4 billion and $159 million, respectively. For the nine months ended October 30, 2020 and November 1, 2019, the Company’s effective income tax rates were -6.1% and 5482.1% on pre-tax income of $2.0 billion and pre-tax losses of $95 million, respectively. The changes in the Company’s effective income tax rates are primarily driven by discrete tax items and a change in the Company’s jurisdictional mix of income. The Company’s effective income tax rates for the three and nine months ended October 30, 2020 include a discrete tax expense of $359 million relating to the divestiture of RSA Security during the periods due to the relatively low tax basis for the assets sold, particularly goodwill. For the nine months ended October 30, 2020, the Company’s effective income tax rate also includes discrete tax benefits of $746 million related to an audit settlement and $59 million from an intra-entity asset transfer of certain of Pivotal’s intellectual property to an Irish subsidiary that was completed by VMware, Inc. For the nine months ended November 1, 2019, the Company’s effective income tax rate includes discrete tax benefits of $4.9 billion related to similar intra-entity asset transfers. The tax benefit for each intra-entity asset transfer was recorded as a deferred tax asset in the period of the transaction and represents the book and tax basis difference on the transferred assets measured based on the intellectual property’s current fair value and applicable Irish statutory tax rate. The Company expects to be able to realize the deferred tax assets resulting from these intra-entity asset transfers. The Company’s effective income tax rates for the three and nine months ended November 1, 2019 also include discrete tax benefits of $305 million related to an audit settlement. The differences between the estimated effective income tax rates and the U.S. federal statutory rate of 21% principally result from the Company’s geographical distribution of income, differences between the book and tax treatment of certain items, and the discrete tax items discussed above. In certain jurisdictions, the Company’s tax rate is significantly less than the applicable statutory rate as a result of tax holidays. The majority of the Company’s foreign income that is subject to these tax holidays and lower tax rates is attributable to Singapore, China, and Malaysia. A significant portion of these income tax benefits relates to a tax holiday that will be effective until January 31, 2029. The Company’s other tax holidays will expire in whole or in part during fiscal years 2022 through 2030. Many of these tax holidays and reduced tax rates may be extended when certain conditions are met or may be terminated early if certain conditions are not met. As of October 30, 2020, the Company was not aware of any matters of non-compliance related to these tax holidays. The effective income tax rate for future quarters of Fiscal 2021 may be impacted by the actual mix of jurisdictions in which income is generated. During the nine months ended October 30, 2020, the Company effectively settled the Internal Revenue Service (“IRS”) audit for fiscal years 2010 through 2014, for which the Company made a cash payment of $435 million to the IRS on August 3, 2020. The IRS is currently examining fiscal years 2015 through 2019. The Company believes it has valid positions supporting its tax returns and that it is adequately reserved. The Company is also currently under income tax audits in various state and foreign jurisdictions. The Company is undergoing negotiations, and in some cases contested proceedings, relating to tax matters with the taxing authorities in these jurisdictions. The Company believes that it has provided adequate reserves related to all matters contained in tax periods open to examination. Although the Company believes it has made adequate provisions for the uncertainties surrounding these audits, should the Company experience unfavorable outcomes, such outcomes could have a material impact on its results of operations, financial position, and cash flows. With respect to major U.S., state and foreign taxing jurisdictions, the Company is generally not subject to tax examinations for years prior to the fiscal year ended January 29, 2010. Judgment is required in evaluating the Company’s uncertain tax positions and determining the Company’s provision for income taxes. The unrecognized tax benefits were $1.4 billion and $2.5 billion as of October 30, 2020 and January 31, 2020, respectively, and are included in accrued and other and other non-current liabilities in the Condensed Consolidated Statements of Financial Position. The Company does not anticipate a significant change to the total amount of unrecognized tax benefits within the next twelve months. The Company takes certain non-income tax positions in the jurisdictions in which it operates and has received certain non-income tax assessments from various jurisdictions. The Company believes that a material loss in these matters is not probable and that it is not reasonably possible that a material loss exceeding amounts already accrued has been incurred. The Company believes its positions in these non-income tax litigation matters are supportable and that it ultimately will prevail in the matters. In the normal course of business, the Company’s positions and conclusions related to its non-income taxes could be challenged and assessments may be made. To the extent new information is obtained and the Company’s views on its positions, probable outcomes of assessments, or litigation change, changes in estimates to the Company’s accrued liabilities would be recorded in the period in which such a determination is made. In the resolution process for income tax and non-income tax audits, the Company is required in certain situations to provide collateral guarantees or indemnification to regulators and tax authorities until the matter is resolved.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Oct. 30, 2020

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 12 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) is presented in stockholders’ equity (deficit) in the Condensed Consolidated Statements of Financial Position and consists of amounts related to foreign currency translation adjustments, unrealized net gains (losses) on cash flow hedges, and actuarial net gains (losses) from pension and other postretirement plans.

The following table presents changes in accumulated other comprehensive income (loss), net of tax, by the following components as of the dates indicated:


	Foreign Currency Translation Adjustments		Cash Flow Hedges		Pension and Other Postretirement Plans		Accumulated Other Comprehensive Income (Loss)
	(in millions)
Balances as of January 31, 2020	$	(678)	$	14	$	(45)	$	(709)

Other comprehensive income (loss) before reclassifications	243		(45)		(21)		177
Amounts reclassified from accumulated other comprehensive income (loss)	—		(24)		3		(21)
Total change for the period	243		(69)		(18)		156
Less: Change in comprehensive income (loss) attributable to non-controlling interests	—		—		—		—
Balances as of October 30, 2020	$	(435)	$	(55)	$	(63)	$	(553)

Amounts related to the Company’s cash flow hedges are reclassified to net income during the same period in which the items being hedged are recognized in earnings. See Note 7 of the Notes to the Condensed Consolidated Financial Statements for more information on the Company’s derivative instruments.

The following table presents reclassifications out of accumulated other comprehensive income (loss), net of tax, to net income for the periods indicated:


	Three Months Ended
	October 30, 2020						November 1, 2019
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total
	(in millions)
Total reclassifications, net of tax:
Net revenue	$	(88)	$	—	$	(88)	$	71	$	—	$	71
Cost of net revenue	4		—		4		—		—		—
Operating expenses	—		1		1		—		—		—

Total reclassifications, net of tax	$	(84)	$	1	$	(83)	$	71	$	—	$	71

	Nine Months Ended
	October 30, 2020						November 1, 2019
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total
	(in millions)
Total reclassifications, net of tax:
Net revenue	$	17	$	—	$	17	$	197	$	—	$	197
Cost of net revenue	7		—		7		—		—		—
Operating expenses	—		(3)		(3)		—		—		—

Total reclassifications, net of tax	$	24	$	(3)	$	21	$	197	$	—	$	197

NON-CONTROLLING INTERESTS

9 Months Ended

Oct. 30, 2020

Noncontrolling Interest [Abstract]

NON-CONTROLLING INTERESTS

NOTE 13 — NON-CONTROLLING INTERESTS

VMware, Inc. — The non-controlling interests’ share of equity in VMware, Inc. is reflected as a component of the non-controlling interests in the Condensed Consolidated Statements of Financial Position and was $5.0 billion and $4.6 billion as of October 30, 2020 and January 31, 2020, respectively. As of October 30, 2020 and January 31, 2020, the Company held approximately 80.4% and 80.9%, respectively, of the outstanding equity interest in VMware, Inc.

As a result of VMware, Inc.’s acquisition of the non-controlling interest in Pivotal from Pivotal’s public shareholders on December 30, 2019, as described in Note 1 of the Notes to the Condensed Consolidated Financial Statements, the non-controlling interests’ share of equity in Pivotal is only reflected as a component of the non-controlling interest through December 30, 2019. Pivotal’s Class A common stock ceased to be listed and traded on the NYSE as of the acquisition date, and there was no non-controlling interest in Pivotal as of October 30, 2020 and January 31, 2020.

Secureworks — The non-controlling interests’ share of equity in Secureworks is reflected as a component of the non-controlling interests in the Condensed Consolidated Statements of Financial Position and was $94 million and $88 million as of October 30, 2020 and January 31, 2020, respectively. As of October 30, 2020 and January 31, 2020, the Company held approximately 85.9% and 86.8%, respectively, of the outstanding equity interest in Secureworks, excluding restricted stock awards (“RSAs”). As of October 30, 2020 and January 31, 2020, the Company held approximately 85.1% and 86.2%, respectively, of the outstanding equity interest in Secureworks, including RSAs.

The following table presents the effect of changes in the Company’s ownership interest in VMware, Inc. and Secureworks on the Company’s equity for the period indicated:


	Nine Months Ended
	October 30, 2020
	(in millions)
Net income attributable to Dell Technologies Inc.	$	2,023
Transfers (to)/from the non-controlling interests:
Increase in Dell Technologies Inc. additional paid-in-capital for equity issuances and other equity activity	774
Decrease in Dell Technologies Inc. additional paid-in-capital for equity issuances and other equity activity	(704)
Net transfers to non-controlling interests	70
Change from net income attributable to Dell Technologies Inc. and transfers to the non-controlling interests	$	2,093

CAPITALIZATION

9 Months Ended

Oct. 30, 2020

Equity [Abstract]

CAPITALIZATION

NOTE 14 — CAPITALIZATION

The following table presents the Company’s authorized, issued, and outstanding common stock as of the dates indicated:


	Authorized	Issued	Outstanding
	(in millions)
Common stock as of October 30, 2020
Class A	600	385	385
Class B	200	102	102
Class C	7,900	270	262
Class D	100	—	—
Class V	343	—	—
	9,143	757	749

Common stock as of January 31, 2020
Class A	600	385	385
Class B	200	102	102
Class C	7,900	258	256
Class D	100	—	—
Class V	343	—	—
	9,143	745	743

Under the Company’s certificate of incorporation as amended and restated upon the completion of the Class V transaction described in Note 1 of the Notes to the Condensed Consolidated Financial Statements, the Company is prohibited from issuing any of the authorized shares of Class V Common Stock.

Preferred Stock

The Company is authorized to issue one million shares of preferred stock, par value $0.01 per share. As of October 30, 2020 and January 31, 2020, no shares of preferred stock were issued or outstanding.

Common Stock

Dell Technologies Common Stock — The Class A Common Stock, the Class B Common Stock, the Class C Common Stock, and the Class D Common Stock are collectively referred to as Dell Technologies Common Stock. The par value for all classes of Dell Technologies Common Stock is $0.01 per share. The Class A Common Stock, the Class B Common Stock, the Class C Common Stock, and the Class D Common Stock share equally in dividends declared or accumulated and have equal participation rights in undistributed earnings.

Voting Rights — Each holder of record of (a) Class A Common Stock is entitled to ten votes per share of Class A Common Stock; (b) Class B Common Stock is entitled to ten votes per share of Class B Common Stock; (c) Class C Common Stock is entitled to one vote per share of Class C Common Stock; and (d) Class D Common Stock is not entitled to any vote on any matter except to the extent required by provisions of Delaware law (in which case such holder is entitled to one vote per share of Class D Common Stock).

Conversion Rights — Under the Company’s certificate of incorporation, at any time and from time to time, any holder of Class A Common Stock or Class B Common Stock has the right to convert all or any of the shares of Class A Common Stock or Class B Common Stock, as applicable, held by such holder into shares of Class C Common Stock on a one-to-one basis. During the nine months ended October 30, 2020, the Company issued 72,727 shares of Class C Common Stock to stockholders upon the conversion of the same number of shares of Class A Common Stock into Class C Common Stock in accordance with the Company’s certificate of incorporation.

Repurchases of Common Stock

Dell Technologies Common Stock Repurchases by Dell Technologies

On February 24, 2020, the Company’s board of directors approved a stock repurchase program under which the Company is authorized to repurchase up to $1.0 billion of shares of the Class C Common Stock over a 24-month period expiring on February 28, 2022, of which approximately $760 million remained available as of October 30, 2020. During the nine months ended October 30, 2020, the Company repurchased approximately 6 million shares of Class C Common Stock for approximately $240 million. During the three months ended May 1, 2020, the Company suspended activity under its stock repurchase program. During the nine months ended November 1, 2019, Dell Technologies Common Stock repurchases were immaterial.

To the extent not retired, shares repurchased under the repurchase program are placed in the Company’s treasury.

VMware, Inc. Class A Common Stock Repurchases by VMware, Inc.

On May 29, 2019, VMware, Inc.’s board of directors authorized the repurchase of up to $1.5 billion of VMware, Inc.’s Class A common stock through January 29, 2021. On July 15, 2020, VMware, Inc.’s board of directors extended authorization of VMware, Inc.’s existing repurchase program and authorized the repurchase of up to an additional $1.0 billion of VMware, Inc.’s Class A common stock through January 28, 2022. As of October 30, 2020, the cumulative authorized amount remaining for stock repurchases was $1.4 billion.

During the nine months ended October 30, 2020, VMware, Inc. repurchased 4.2 million shares of its Class A common stock in the open market for approximately $566 million. During the nine months ended November 1, 2019, VMware, Inc. repurchased 7.3 million shares of its Class A common stock in the open market for approximately $1.3 billion, of which approximately $0.2 billion impacted Dell Technologies’ accumulated deficit balance as of November 1, 2019 as a result of the full depletion of VMware, Inc’s additional paid-in capital in the same period.

All shares repurchased under VMware, Inc.’s stock repurchase programs are retired.

The above VMware, Inc. Class A common stock repurchases for the nine months ended October 30, 2020 and November 1, 2019 exclude shares repurchased to settle employee tax withholding related to the vesting of VMware, Inc. stock awards of $315 million and $442 million, respectively.

EARNINGS PER SHARE

9 Months Ended

Oct. 30, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 15 — EARNINGS PER SHARE

Basic earnings per share is based on the weighted-average effect of all common shares issued and outstanding and is calculated by dividing net income by the weighted-average shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares used in the basic earnings per share calculation plus the number of common shares that would be issued assuming exercise or conversion of all potentially dilutive instruments. The Company excludes equity instruments from the calculation of diluted earnings per share if the effect of including such instruments is antidilutive.

The Class A Common Stock, the Class B Common Stock, the Class C Common Stock, and the Class D Common Stock are collectively referred to as Dell Technologies Common Stock.

For purposes of calculating earnings per share, the Company uses the two-class method. As all classes of Dell Technologies Common Stock share the same rights in dividends, basic and diluted earnings per share are the same for each class of Dell Technologies Common Stock.

The following table presents the basic and diluted earnings per share for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
Earnings per share attributable to Dell Technologies Inc.
Dell Technologies Common Stock — Basic	$	1.11	$	0.69	$	2.73	$	5.84
Dell Technologies Common Stock — Diluted	$	1.08	$	0.66	$	2.64	$	5.50

The following table presents the computation of basic and diluted earnings per share for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Numerator: Dell Technologies Common Stock
Net income attributable to Dell Technologies — basic	$	832	$	499	$	2,023	$	4,208
Incremental dilution from VMware, Inc. attributable to Dell Technologies (a)	(3)		(6)		(8)		(81)
Net income attributable to Dell Technologies — diluted	$	829	$	493	$	2,015	$	4,127

Denominator: Dell Technologies Common Stock weighted-average shares outstanding
Weighted-average shares outstanding — basic	747		725		742		720
Dilutive effect of options, restricted stock units, restricted stock, and other	24		25		22		30
Weighted-average shares outstanding — diluted	771		750		764		750
Weighted-average shares outstanding — antidilutive	—		—		1		—

____________________

(a)The incremental dilution from VMware, Inc. represents the impact of VMware, Inc.’s dilutive securities on diluted earnings per share of Dell Technologies Common Stock, and is calculated by multiplying the difference between VMware, Inc.’s basic and diluted earnings per share by the number of shares of VMware, Inc. common stock held by the Company. For the three and nine months ended November 1, 2019, the incremental dilution from VMware, Inc. was calculated by the Company without regard to VMware, Inc.’s required retrospective adjustments for the Pivotal acquisition in its stand-alone financial statements, and there was no incremental dilution from Pivotal due to its net loss position. For both periods presented, there was no incremental dilution from Secureworks due to its net loss position.

REDEEMABLE SHARES

9 Months Ended

Oct. 30, 2020

Temporary Equity Disclosure [Abstract]

REDEEMABLE SHARES

NOTE 16 — REDEEMABLE SHARES

Awards under the Company’s stock incentive plans include certain rights that allow the holder to exercise a put feature for the underlying Class A or Class C Common Stock after a six month holding period following the issuance of such common stock. The put feature requires the Company to purchase the stock at its fair market value. Accordingly, these awards and such common stock are subject to reclassification from equity to temporary equity, and the Company determines the award amounts to be classified as temporary equity as follows:

•For stock options to purchase Class C Common Stock subject to service requirements, the intrinsic value of the option is multiplied by the portion of the option for which services have been rendered. Upon exercise of the option, the amount in temporary equity represents the fair value of the Class C Common Stock.

•For stock appreciation rights, restricted stock units, or restricted stock awards, any of which stock award types are subject to service requirements, the fair value of the share is multiplied by the portion of the share for which services have been rendered.

•For share-based arrangements that are subject to the occurrence of a contingent event, those amounts are reclassified to temporary equity based on a probability assessment performed by the Company on a periodic basis. Contingent events include the achievement of performance-based metrics.

In connection with the Class V transaction described in Note 1 of the Notes to the Condensed Consolidated Financial Statements, the put feature provisions were amended to provide that the put feature applicable to transfers of Dell Technologies securities will terminate upon the earlier of two years after the expiration on June 27, 2019 of the post-transaction lock-up or consummation of any underwritten public offering of shares of Class C Common Stock.

The following table presents the amount of redeemable shares classified as temporary equity and summarizes the award type as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Redeemable shares classified as temporary equity	$	527	$	629

Issued and outstanding unrestricted common shares	2		2
Restricted stock units	—		1
Restricted stock awards	—		—
Outstanding stock options	9		15

The decrease in the value of redeemable shares during the nine months ended October 30, 2020 was primarily attributable to a reduction in the number of shares eligible for put rights.

SEGMENT INFORMATION

9 Months Ended

Oct. 30, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 17 — SEGMENT INFORMATION

The Company has three reportable segments that are based on the following business units: Infrastructure Solutions Group (“ISG”); Client Solutions Group (“CSG”); and VMware.

On December 30, 2019, VMware, Inc. completed its acquisition of Pivotal. Due to the Company’s ownership of a controlling interest in Pivotal, the Company and VMware, Inc. accounted for the Pivotal acquisition as a transaction between entities under common control, and consequently the transaction had no net effect to the Company’s consolidated financial statements. Pivotal now operates as a wholly-owned subsidiary of VMware, Inc. and Dell Technologies reports Pivotal results within the VMware reportable segment. Previously, Pivotal results were reported within Other businesses. Prior period results have been recast to conform with the current period presentation.

ISG enables the digital transformation of the Company’s customers through its trusted multi-cloud and big data solutions, which are built upon a modern data center infrastructure. The ISG comprehensive portfolio of advanced storage solutions includes traditional storage solutions as well as next-generation storage solutions (such as all-flash arrays, scale-out file, object platforms, and software-defined solutions), while the Company’s server portfolio includes high-performance rack, blade, tower, and hyperscale servers. The ISG networking portfolio helps business customers transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes. ISG also offers attached software, peripherals, and services, including support and deployment, configuration, and extended warranty services.

CSG includes sales to commercial and consumer customers of branded hardware (such as desktops, workstations, and notebooks) and branded peripherals (such as displays and projectors), as well as services and third-party software and peripherals. CSG also offers attached software, peripherals, and services, including support and deployment, configuration, and extended warranty services.

VMware works with customers in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces, helping customers manage their IT resources across private clouds and complex multi-cloud, multi-device environments. VMware enables its customers to digitally transform their operations as they ready their applications, infrastructure, and employees for constantly evolving business needs.

The reportable segments disclosed herein are based on information reviewed by the Company’s management to evaluate the business segment results. The Company’s measure of segment revenue and segment operating income for management reporting purposes excludes the impact of Other businesses, unallocated corporate transactions, the impact of purchase accounting, amortization of intangible assets, transaction-related expenses, stock-based compensation expense, and other corporate expenses, as applicable. The Company does not allocate assets to the above reportable segments for internal reporting purposes.

The following table presents a reconciliation of net revenue by the Company’s reportable segments to the Company’s consolidated net revenue as well as a reconciliation of consolidated segment operating income to the Company’s consolidated operating income for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Consolidated net revenue:
Infrastructure Solutions Group	$	8,024	$	8,390	$	23,800	$	25,213
Client Solutions Group	12,286		11,410		34,593		34,068
VMware	2,893		2,671		8,556		7,779
Reportable segment net revenue	23,203		22,471		66,949		67,060
Other businesses (a)	314		456		1,288		1,311
Unallocated transactions (b)	4		1		4		1
Impact of purchase accounting (c)	(39)		(84)		(129)		(250)
Total consolidated net revenue	$	23,482	$	22,844	$	68,112	$	68,122

Consolidated operating income:
Infrastructure Solutions Group	$	882	$	996	$	2,587	$	2,889
Client Solutions Group	1,002		739		2,309		2,514
VMware	837		709		2,504		2,055
Reportable segment operating income	2,721		2,444		7,400		7,458
Other businesses (a)	3		—		105		(48)
Unallocated transactions (b)	1		(2)		(1)		(29)
Impact of purchase accounting (c)	(49)		(96)		(165)		(299)
Amortization of intangibles	(845)		(1,057)		(2,547)		(3,334)
Transaction-related expenses (d)	(52)		(76)		(211)		(165)
Stock-based compensation expense (e)	(436)		(322)		(1,219)		(886)
Other corporate expenses (f)	(214)		(55)		(395)		(792)
Total consolidated operating income	$	1,129	$	836	$	2,967	$	1,905

____________________

(a)Secureworks, Virtustream, and Boomi constitute “Other businesses” and do not meet the requirements for a reportable segment, either individually or collectively. The results of Other businesses are not material to the Company’s overall results. On September 1, 2020, the Company completed the sale of RSA Security. Prior to the divestiture, RSA Security’s results were included in “Other businesses.” See Note 1 of the Notes to the Condensed Consolidated Financial Statements for more information about the sale of RSA Security.

(b)Unallocated transactions includes other corporate items that are not allocated to Dell Technologies’ reportable segments.

(c)Impact of purchase accounting includes non-cash purchase accounting adjustments that are primarily related to the EMC merger transaction.

(d)Transaction-related expenses includes acquisition, integration, and divestiture related costs.

(e)Stock-based compensation expense consists of equity awards granted based on the estimated fair value of those awards at grant date.

(f)Other corporate expenses includes impairment charges, severance, facility action, and other costs. During the nine months ended November 1, 2019, this category includes Virtustream gross impairment charges of $619 million.

The following table presents the disaggregation of net revenue by reportable segment, and by major product categories within the segments for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Net revenue:
Infrastructure Solutions Group:
Servers and networking	$	4,164	$	4,241	$	12,118	$	12,858
Storage	3,860		4,149		11,682		12,355
Total ISG net revenue	8,024		8,390		23,800		25,213
Client Solutions Group:
Commercial	8,783		8,330		25,456		25,714
Consumer	3,503		3,080		9,137		8,354
Total CSG net revenue	12,286		11,410		34,593		34,068
VMware:
Total VMware net revenue	2,893		2,671		8,556		7,779
Total segment net revenue	$	23,203	$	22,471	$	66,949	$	67,060

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

9 Months Ended

Oct. 30, 2020

Condensed Financial Information Disclosure [Abstract]

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

NOTE 18 — SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

The following table presents additional information on selected accounts included in the Condensed Consolidated Statements of Financial Position as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$	11,304	$	9,302
Restricted cash - other current assets (a)	761		730
Restricted cash - other non-current assets (a)	92		119
Total cash, cash equivalents, and restricted cash	$	12,157	$	10,151
Inventories, net:
Production materials	$	1,687	$	1,590
Work-in-process	710		563
Finished goods	996		1,128
Total inventories, net	$	3,393	$	3,281






Other non-current assets:
Deferred and other tax assets	$	6,127	$	5,960
Operating lease ROU assets	2,179		1,780
Deferred commissions	1,028		998
Other	1,727		1,690
Total other non-current assets	$	11,061	$	10,428
Other non-current liabilities:
Deferred and other tax liabilities	$	2,184	$	3,110
Operating lease liabilities	1,829		1,360
Warranty liability	130		155
Other	1,290		758
Total other non-current liabilities	$	5,433	$	5,383

____________________

(a) Restricted cash primarily includes cash required to be held in escrow pursuant to DFS securitization arrangements and VMware, Inc. restricted cash.

Trade Receivables — Allowance for Expected Credit Losses

Allowance for expected credit losses of trade receivables as of October 30, 2020 includes the impact of adoption of the new CECL standard, which was adopted as of February 1, 2020 using the modified retrospective method, as described in Note 1 of the Notes to the Condensed Consolidated Financial Statements. The provision recognized on the Condensed Consolidated Statements of Income (Loss) during the three and nine months ended October 30, 2020 is based on an assessment of the impact of current and expected future conditions, inclusive of the effect of the COVID-19 pandemic on credit losses. The duration and severity of COVID-19 and continued market volatility is highly uncertain and, as such, the impact on expected credit losses is subject to significant judgment and may cause variability in the Company’s allowance for credit losses in future periods.

The following table presents the changes in the Company’s allowance for expected credit losses for the periods indicated:


	Three Months Ended		Nine Months Ended
	October 30, 2020		October 30, 2020
	(in millions)
Trade Receivables - Allowance for expected credit losses:
Balance at beginning of period	$	146	$	94
Adjustment for adoption of the new CECL standard (Note 1)	—		27

Provision charged to income statement	(4)		43
Bad debt write-offs	(27)		(49)
Balance at end of period	$	115	$	115

Warranty Liability

The following table presents changes in the Company’s liability for standard limited warranties for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Warranty liability:
Warranty liability at beginning of period	$	479	$	525	$	496	$	524

Costs accrued for new warranty contracts and changes in estimates for pre-existing warranties (a) (b)	219		211		573		651
Service obligations honored	(206)		(216)		(577)		(655)
Warranty liability at end of period	$	492	$	520	$	492	$	520
Current portion	$	362	$	351	$	362	$	351
Non-current portion	$	130	$	169	$	130	$	169

____________________

(a)Changes in cost estimates related to pre-existing warranties are aggregated with accruals for new standard warranty contracts. The Company’s warranty liability process does not differentiate between estimates made for pre-existing warranties and new warranty obligations.

(b)Includes the impact of foreign currency exchange rate fluctuations.

Severance Charges

The Company incurs costs related to employee severance and records a liability for these costs when it is probable that employees will be entitled to termination benefits and the amounts can be reasonably estimated. The liability related to these actions is included in accrued and other current liabilities in the Condensed Consolidated Statements of Financial Position. The following table presents the activity related to the Company’s severance liability for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Severance liability:
Severance liability at beginning of period	$	168	$	115	$	196	$	146
Severance charges to provision	226		44		417		141
Cash paid and other (a)	(181)		(44)		(400)		(172)
Severance liability at end of period	$	213	$	115	$	213	$	115

____________________

(a)Other adjustments include the impact of foreign currency exchange rate fluctuations.

The following table presents severance charges as included in the Condensed Consolidated Statements of Income (Loss) for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Severance charges:
Cost of net revenue	$	46	$	—	$	58	$	14
Selling, general, and administrative	139		31		308		103
Research and development	41		13		51		24
Total severance charges	$	226	$	44	$	417	$	141

Interest and Other, Net

The following table provides information regarding interest and other, net for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Interest and other, net:
Investment income, primarily interest	$	11	$	41	$	47	$	127
Gain on investments, net (a)	489		18		591		160
Interest expense	(566)		(654)		(1,855)		(2,045)
Foreign exchange	(31)		(43)		(130)		(123)
Other (b)	370		(39)		418		(119)
Total interest and other, net	$	273	$	(677)	$	(929)	$	(2,000)

____________________

(a)Includes a $465 million gain on the fair value adjustment of a strategic investment during three months ended October 30, 2020. See Note 3 of the Notes to the Condensed Consolidated Financial Statements for more information.

(b)Includes a pre-tax gain of $338 million on the sale of RSA Security during three months ended October 30, 2020. See Note 1 of the Notes to the Condensed Consolidated Financial Statements for more information.

INTERIM UPDATE TO SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Oct. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	References in these Notes to the Condensed Consolidated Financial Statements to the “Company” or “Dell Technologies” mean Dell Technologies Inc. individually and together with its consolidated subsidiaries.
Basis of Presentation	Basis of Presentation — The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and accompanying Notes filed with the U.S. Securities and Exchange Commission (“SEC”) in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2020. These Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, the accompanying Condensed Consolidated Financial Statements reflect all adjustments of a normal recurring nature considered necessary to fairly state the financial position of Dell Technologies Inc. as of October 30, 2020 and January 31, 2020, the results of its operations and corresponding comprehensive income (loss) for the three and nine months ended October 30, 2020 and November 1, 2019, and its cash flows for the nine months ended October 30, 2020 and November 1, 2019.
Use of Estimates	The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and the accompanying Notes. Management has considered the potential economic implications of the outbreak of the coronavirus disease 2019 (“COVID-19”) pandemic on the Company’s critical and significant accounting estimates. Actual results could differ materially from those estimates. The results of operations and comprehensive income (loss) for the three and nine months ended October 30, 2020 and November 1, 2019 and the cash flows for the nine months ended October 30, 2020 and November 1, 2019 are not necessarily indicative of the results to be expected for the full fiscal year or for any other fiscal period.
Fiscal Period	The Company’s fiscal year is the 52- or 53-week period ending on the Friday nearest January 31. The fiscal year ended January 31, 2020 (“Fiscal 2020”) was a 52-week period, and the fiscal year ending January 29, 2021 (“Fiscal 2021”) will be a 52-week period.
Principles of Consolidation	Principles of Consolidation — These Condensed Consolidated Financial Statements include the accounts of Dell Technologies and its wholly-owned subsidiaries, as well as the accounts of VMware, Inc. and SecureWorks Corp. (“Secureworks”), each of which is majority-owned by Dell Technologies. All intercompany transactions have been eliminated.
Recently Issued and Adopted Accounting Pronouncements	Recently Issued Accounting Pronouncements Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity — In August 2020, the Financial Accounting Standards Board (“FASB”) issued guidance to simplify the accounting for convertible debt instruments and convertible preferred stock, and the derivatives scope exception for contracts in an entity's own equity. In addition, the guidance on calculating diluted earnings per share has been simplified and made more internally consistent. Public entities must adopt the new guidance for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years, with early adoption permitted for fiscal periods beginning after December 15, 2020. The Company will early adopt this guidance for the fiscal year beginning January 30, 2021 on a modified retrospective basis. Adoption of the new guidance is not expected to have a material impact on the Company’s financial results. Simplifying Accounting for Income Taxes — In December 2019, the FASB issued guidance to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740, Income Taxes, and by clarifying and amending existing guidance in order to improve consistent application of GAAP for other areas of Topic 740. Public entities must adopt the new guidance for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years, with early adoption permitted for fiscal periods beginning after December 15, 2019. The Company will adopt this guidance for the fiscal year beginning January 30, 2021. The Company is currently evaluating the impact of adoption of this guidance. Recently Adopted Accounting Pronouncements Measurement of Credit Losses on Financial Instruments — In June 2016, the FASB issued amended guidance which replaces the current incurred loss impairment methodology for measurement of credit losses on financial instruments with a methodology (the “current expected credit losses model” or “CECL model”) that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Under the CECL model, the allowance for losses on financial assets, measured at amortized cost, reflects management’s estimate of credit losses over the remaining expected life of such assets. The Company adopted the standard (the “new CECL standard”) as of February 1, 2020 using the modified retrospective method, with the cumulative-effect adjustment to the opening balance of stockholders’ equity (deficit) as of the adoption date. The cumulative effect of adopting the new CECL standard resulted in an increase of $111 million and $27 million to the allowance for expected credit losses within financing receivables, net and accounts receivable, net, respectively, on the Condensed Consolidated Statements of Financial Position, and a corresponding decrease of $28 million to other non-current liabilities related to deferred taxes and $110 million to stockholders’ equity (deficit) as of February 1, 2020. See Note 2, Note 4, and Note 18 of the Notes to the Condensed Consolidated Financial Statements for additional information about the Company’s allowance for financing receivables losses and allowance for expected credit losses of accounts receivable. Intangibles - Goodwill and Other - Internal-Use Software — In August 2018, the FASB issued guidance on a customer’s accounting for implementation costs incurred in a cloud-computing arrangement when hosted by a vendor. The guidance provides that, in a hosting arrangement that is a service contract, certain implementation costs should be capitalized and amortized over the term of the arrangement. The Company adopted the standard (the “new cloud computing standard”) during the three months ended May 1, 2020 using the prospective method. The impact of the adoption of this standard was immaterial to the Condensed Consolidated Financial Statements.
Allowance for Expected Credit Losses and Allowance for Financing Receivables Losses	Allowance for Expected Credit Losses — The Company recognizes an allowance for losses on accounts receivable in an amount equal to the current expected credit losses. The estimation of the allowance is based on an analysis of historical loss experience, current receivables aging, and management’s assessment of current conditions and reasonable and supportable expectation of future conditions, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. The Company assesses collectibility by pooling receivables where similar characteristics exist and evaluates receivables individually when specific customer balances no longer share those risk characteristics and are considered at risk or uncollectible. The expense associated with the allowance for expected credit losses is recognized in selling, general, and administrative expenses. Allowance for Financing Receivables Losses — The Company recognizes an allowance for losses on financing receivables in an amount equal to the probable losses net of recoveries. The allowance for losses is determined based on various factors, including lifetime expected losses determined using macroeconomic forecast assumptions and management judgments applicable to and through the expected life of the portfolios as well as past due receivables, receivable type, and customer risk profile. Both fixed and revolving receivable loss rates are affected by macroeconomic conditions, including the level of gross domestic product (“GDP”) growth, the level of commercial capital equipment investment, unemployment rates, and the credit quality of the borrower. Customer account principal and interest are charged to the allowance for losses when an account is deemed to be uncollectible or generally when the account is 180 days delinquent. While the Company does not generally place financing receivables on non-accrual status during the delinquency period, accrued interest is included in the allowance for loss calculation and, therefore, the Company is adequately reserved in the event of charge off. Recoveries on receivables previously charged off as uncollectible are recorded to the allowance for financing receivables losses. The expense associated with the allowance for financing receivables losses is recognized as cost of net revenue.
Capitalized Software Development Costs	Capitalized Software Development Costs — The Company capitalizes certain internal and external costs to acquire or create internal use software which are incurred subsequent to the completion of the preliminary project stage. Development costs are generally amortized on a straight-line basis over five years. Costs associated with maintenance and minor enhancements to the features and functionality of the Company’s website are expensed as incurred.
Money Market Funds	Money Market Funds — The Company’s investments in money market funds that are classified as cash equivalents hold underlying investments with a weighted average maturity of 90 days or less and are recognized at fair value. The valuations of these securities are based on quoted prices in active markets for identical assets, when available, or pricing models whereby all significant inputs are observable or can be derived from or corroborated by observable market data. The Company reviews security pricing and assesses liquidity on a quarterly basis. As of October 30, 2020, the Company’s U.S. portfolio had no material exposure to money market funds with a fluctuating net asset value.
Equity and Other Securities	Equity and Other Securities — The majority of the Company’s investments in equity and other securities that are measured at fair value on a recurring basis consist of strategic investments in publicly-traded companies. The valuation of these securities is based on quoted prices in active markets.
Derivative Instruments	Derivative Instruments — The Company’s derivative financial instruments consist primarily of foreign currency forward and purchased option contracts and interest rate swaps. The fair value of the portfolio is determined using valuation models based on market observable inputs, including interest rate curves, forward and spot prices for currencies, and implied volatilities. Credit risk is also factored into the fair value calculation of the Company’s derivative instrument portfolio. See Note 7 of the Notes to the Condensed Consolidated Financial Statements for a description of the Company’s derivative financial instrument activities. As part of its risk management strategy, the Company uses derivative instruments, primarily foreign currency forward and option contracts and interest rate swaps, to hedge certain foreign currency and interest rate exposures, respectively. The Company’s objective is to offset gains and losses resulting from these exposures with gains and losses on the derivative contracts used to hedge the exposures, thereby reducing volatility of earnings and protecting the fair values of assets and liabilities. The earnings effects of the derivative instruments are presented in the same income statement line items as the earnings effects of the hedged items. For derivatives designated as cash flow hedges, the Company assesses hedge effectiveness both at the onset of the hedge and at regular intervals throughout the life of the derivative. The Company does not have any derivatives designated as fair value hedges.
Deferred Compensation Plans	Deferred Compensation Plans — The Company offers deferred compensation plans for eligible employees, which allow participants to defer payment for a portion of their compensation. Assets were the same as liabilities associated with the plans at approximately $277 million and $241 million as of October 30, 2020 and January 31, 2020, respectively, and are included in other assets and other liabilities on the Condensed Consolidated Statements of Financial Position. The net impact to the Condensed Consolidated Statements of Income (Loss) is not material since changes in the fair value of the assets substantially offset changes in the fair value of the liabilities. As such, assets and liabilities associated with these plans have not been included in the recurring fair value table above.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis — Certain assets are measured at fair value on a nonrecurring basis and therefore are not included in the recurring fair value table above. These assets consist primarily of non-financial assets such as goodwill and intangible assets. See Note 8 of the Notes to the Condensed Consolidated Financial Statements for additional information about goodwill and intangible assets. As of October 30, 2020 and January 31, 2020, the Company held private strategic investments of $936 million and $852 million, respectively. As these investments represent early-stage companies without readily determinable fair values, they are not included in the recurring fair value table above. The Company has elected to apply the measurement alternative for these investments. Under the alternative, the Company measures investments without readily determinable fair values at cost, less impairment, adjusted by observable price changes. The Company must make a separate election to use the alternative for each eligible investment and is required to reassess at each reporting period whether an investment qualifies for the alternative. In evaluating these investments for impairment or observable price changes, the Company uses inputs including pre- and post-money valuations of recent financing events and the impact of those events on its fully diluted ownership percentages, as well as other available information regarding the issuer’s historical and forecasted performance.
Legal Matters	Legal Matters The Company is involved in various claims, suits, assessments, investigations, and legal proceedings that arise from time to time in the ordinary course of its business, including those identified below, consisting of matters involving consumer, antitrust, tax, intellectual property, and other issues on a global basis. The Company accrues a liability when it believes that it is both probable that a liability has been incurred and that it can reasonably estimate the amount of the loss. The Company reviews these accruals at least quarterly and adjusts them to reflect ongoing negotiations, settlements, rulings, advice of legal counsel, and other relevant information. To the extent new information is obtained and the Company’s views on the probable outcomes of claims, suits, assessments, investigations, or legal proceedings change, changes in the Company’s accrued liabilities would be recorded in the period in which such a determination is made. For some matters, the amount of liability is not probable or the amount cannot be reasonably estimated and therefore accruals have not been made.

FAIR VALUE MEASUREMENTS AND INVESTMENTS (Tables)

9 Months Ended

Oct. 30, 2020

Fair Value Disclosures [Abstract]

Hierarchy for assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of the dates indicated:


	October 30, 2020								January 31, 2020
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs				Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(in millions)
Assets:
Cash and cash equivalents:
Money market funds	$	6,562	$	—	$	—	$	6,562	$	4,621	$	—	$	—	$	4,621






Equity and other securities	553		—		—		553		12		—		—		12
Derivative instruments	—		52		—		52		—		81		—		81
Total assets	$	7,115	$	52	$	—	$	7,167	$	4,633	$	81	$	—	$	4,714
Liabilities:
Derivative instruments	$	—	$	181	$	—	$	181	$	—	$	68	$	—	$	68
Total liabilities	$	—	$	181	$	—	$	181	$	—	$	68	$	—	$	68

Carrying value and estimated fair value of outstanding debt


	October 30, 2020				January 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in billions)
Senior Secured Credit Facilities	$	8.6	$	8.6	$	8.8	$	9.0
First Lien Notes	$	18.3	$	22.0	$	20.5	$	23.9
Unsecured Notes and Debentures	$	1.2	$	1.5	$	1.2	$	1.5
Senior Notes	$	2.6	$	2.8	$	2.6	$	2.8
EMC Notes	$	1.0	$	1.0	$	1.6	$	1.6
VMware Notes and VMware Term Loan Facility	$	4.7	$	5.3	$	5.5	$	5.6
Margin Loan Facility	$	4.0	$	3.9	$	4.0	$	3.9

Investments

The following table presents the carrying value of the Company’s investments as of the dates indicated:


	October 30, 2020								January 31, 2020
	Cost		Unrealized Gain		Unrealized (Loss)		Carrying Value		Cost		Unrealized Gain		Unrealized (Loss)		Carrying Value
	(in millions)
Equity and other securities	$	944	$	579	$	(34)	$	1,489	$	783	$	116	$	(35)	$	864
Fixed income debt securities	163		3		—		166		—		—		—		—
Total securities							$	1,655							$	864

FINANCIAL SERVICES (Tables)

9 Months Ended

Oct. 30, 2020

Receivables [Abstract]

Components of financing receivables segregated by portfolio segment

The following table presents the components of the Company’s financing receivables segregated by portfolio segment as of the dates indicated:


	October 30, 2020						January 31, 2020
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total
	(in millions)
Financing receivables, net:
Customer receivables, gross (a)	$	768	$	9,313	$	10,081	$	824	$	8,486	$	9,310
Allowances for losses	(142)		(165)		(307)		(70)		(79)		(149)
Customer receivables, net	626		9,148		9,774		754		8,407		9,161
Residual interest	—		472		472		—		582		582
Financing receivables, net	$	626	$	9,620	$	10,246	$	754	$	8,989	$	9,743
Short-term	$	626	$	4,246	$	4,872	$	754	$	4,141	$	4,895
Long-term	$	—	$	5,374	$	5,374	$	—	$	4,848	$	4,848

____________________

(a) Customer receivables, gross includes amounts due from customers under revolving loans, fixed-term loans, fixed-term sales-type or direct financing leases, and accrued interest.

Allowance for financing receivable losses

The following tables present the changes in allowance for financing receivable losses for the periods indicated:


	Three Months Ended
	October 30, 2020						November 1, 2019
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total
	(in millions)
Allowance for financing receivable losses:
Balances at beginning of period	$	143	$	180	$	323	$	67	$	71	$	138
Charge-offs, net of recoveries	(13)		(6)		(19)		(18)		(6)		(24)
Provision charged to income statement	12		(9)		3		17		13		30
Balances at end of period	$	142	$	165	$	307	$	66	$	78	$	144


	Nine Months Ended
	October 30, 2020						November 1, 2019
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total
	(in millions)
Allowance for financing receivable losses:
Balances at beginning of period	$	70	$	79	$	149	$	75	$	61	$	136
Adjustment for adoption of accounting standard (Note 1)	40		71		111		—		—		—
Charge-offs, net of recoveries	(51)		(22)		(73)		(53)		(18)		(71)
Provision charged to income statement	83		37		120		44		35		79
Balances at end of period	$	142	$	165	$	307	$	66	$	78	$	144

Aging of customer financing receivables

The following table presents the aging of the Company’s customer financing receivables, gross, including accrued interest, segregated by class, as of the dates indicated:


	October 30, 2020								January 31, 2020
	Current		Past Due 1 — 90 Days		Past Due >90 Days		Total		Current		Past Due 1 — 90 Days		Past Due >90 Days		Total
	(in millions)
Revolving — DPA	$	548	$	34	$	10	$	592	$	550	$	51	$	20	$	621
Revolving — DBC	159		14		3		176		184		15		4		203
Fixed-term — Consumer and Commercial	8,947		299		67		9,313		8,005		373		108		8,486
Total customer receivables, gross	$	9,654	$	347	$	80	$	10,081	$	8,739	$	439	$	132	$	9,310

Credit quality indicators

The following table presents customer receivables, gross, including accrued interest, by credit quality indicator segregated by class and year of origination, as of the date indicated:


	October 30, 2020
	Fixed-term — Consumer and Commercial
	Fiscal Year of Origination
	2021		2020		2019		2018		2017		Years Prior		Revolving — DPA (a)		Revolving — DBC (a)		Total
	(in millions)
Higher	$	2,591	$	1,961	$	780	$	191	$	32	$	—	$	158	$	48	$	5,761
Mid	900		736		351		92		13		—		177		52		2,321
Lower	723		572		303		53		14		1		257		76		1,999
Total	$	4,214	$	3,269	$	1,434	$	336	$	59	$	1	$	592	$	176	$	10,081

____________________


	January 31, 2020
	Fixed-term — Consumer and Commercial		Revolving — DPA		Revolving — DBC		Total
	(in millions)
Higher	$	5,042	$	137	$	55	$	5,234
Mid	2,036		175		63		2,274
Lower	1,408		309		85		1,802
Total	$	8,486	$	621	$	203	$	9,310

Finance leases

The following table presents the net revenue, cost of net revenue, and gross margin recognized at the commencement date of sales-type leases for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Net revenue — products	$	184	$	251	$	648	$	604
Cost of net revenue — products	102		215		435		475
Gross margin — products	$	82	$	36	$	213	$	129

Future maturity of fixed-term customer leases


	October 30, 2020
Fiscal Years	(in millions)
Fiscal 2021 (remaining three months)	$	794
Fiscal 2022	2,378
Fiscal 2023	1,533
Fiscal 2024	783
Fiscal 2025 and beyond	360
Total undiscounted cash flows	5,848
Fixed-term loans	4,125
Revolving loans	768
Less: unearned income	(660)
Total customer receivables, gross	$	10,081

Operating lease income

The following table presents the components of the Company’s operating lease portfolio included in Property, plant, and equipment, net as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Equipment under operating lease, gross	$	1,592	$	956
Less: accumulated depreciation	(328)		(116)
Equipment under operating lease, net	$	1,264	$	840

Operating lease income maturities

The following table presents the future payments to be received by the Company as lessor in operating lease contracts as of the date indicated:


	October 30, 2020
Fiscal Years	(in millions)
Fiscal 2021 (remaining three months)	$	142
Fiscal 2022	526
Fiscal 2023	404
Fiscal 2024	146
Fiscal 2025 and beyond	24
Total	$	1,242

Summary of debt

The following table presents DFS debt as of the dates indicated. The table excludes the allocated portion of the Company’s other borrowings, which represents the additional amount considered to fund the DFS business.


	October 30, 2020		January 31, 2020
	(in millions)
DFS U.S. debt:
Asset-based financing and securitization facilities	$	2,574	$	2,606
Fixed-term securitization offerings	3,465		2,593
Other	94		141
Total DFS U.S. debt	6,133		5,340
DFS international debt:
Securitization facility	860		743
Other borrowings	791		931
Note payable	250		200
Dell Bank Senior Unsecured Eurobonds	1,167		551
Total DFS international debt	3,068		2,425
Total DFS debt	$	9,201	$	7,765
Total short-term DFS debt	$	4,884	$	4,152
Total long-term DFS debt	$	4,317	$	3,613

The following table presents the Company’s outstanding debt as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Secured Debt
Senior Secured Credit Facilities:

2.75% Term Loan B-1 Facility due September 2025	$	4,691	$	4,738

1.90% Term Loan A-4 Facility due December 2023	679		679

1.90% Term Loan A-6 Facility due March 2024	3,316		3,497
First Lien Notes:

4.42% due June 2021	—		4,500
5.45% due June 2023	3,750		3,750
4.00% due July 2024	1,000		1,000
5.85% due July 2025	1,000		—
6.02% due June 2026	4,500		4,500
4.90% due October 2026	1,750		1,750
6.10% due July 2027	500		—
5.30% due October 2029	1,750		1,750
6.20% due July 2030	750		—
8.10% due July 2036	1,500		1,500
8.35% due July 2046	2,000		2,000
Unsecured Debt
Unsecured Notes and Debentures:

4.625% due April 2021	400		400
7.10% due April 2028	300		300
6.50% due April 2038	388		388
5.40% due September 2040	264		264
Senior Notes:
5.875% due June 2021	1,075		1,075
7.125% due June 2024	1,625		1,625
EMC Notes:
2.650% due June 2020	—		600
3.375% due June 2023	1,000		1,000
Debt of Public Subsidiary
VMware Notes:
2.30% due August 2020	—		1,250
2.95% due August 2022	1,500		1,500
4.50% due May 2025	750		—
4.65% due May 2027	500		—
3.90% due August 2027	1,250		1,250
4.70% due May 2030	750		—
VMware Term Loan Facility	—		1,500
DFS Debt (Note 4)	9,201		7,765
Other
2.46% Margin Loan Facility due April 2022	4,000		4,000
Other	222		84
Total debt, principal amount	$	50,411	$	52,665


	October 30, 2020		January 31, 2020
	(in millions)
Total debt, principal amount	$	50,411	$	52,665
Unamortized discount, net of unamortized premium	(217)		(241)
Debt issuance costs	(333)		(368)
Total debt, carrying value	$	49,861	$	52,056
Total short-term debt, carrying value	$	6,536	$	7,737
Total long-term debt, carrying value	$	43,325	$	44,319

Financing receivables held by the consolidated VIEs

The following table presents financing receivables and equipment under operating leases, net held by the consolidated VIEs as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Assets held by consolidated VIEs, net:
Short-term, net	$	3,430	$	3,316
Long-term, net	4,070		3,348
Assets held by consolidated VIEs, net	$	7,500	$	6,664

LEASES (Tables)

9 Months Ended

Oct. 30, 2020

Leases [Abstract]

Components of lease expense and supplemental information

The following table presents components of lease costs included in the Condensed Consolidated Statements of Income (Loss) for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Operating lease costs	$	129	$	134	$	384	$	377
Variable costs	37		41		113		120
Total lease costs	$	166	$	175	$	497	$	497

During both the nine months ended October 30, 2020 and November 1, 2019, sublease income, finance lease costs, and short-term lease costs were immaterial.

The following table presents supplemental information related to operating leases included in the Condensed Consolidated Statements of Financial Position as of the dates indicated:


	Classification	October 30, 2020			January 31, 2020
		(in millions, except for term and discount rate)
Operating lease right of use (“ROU”) assets	Other non-current assets	$	2,179		$	1,780

Current operating lease liabilities	Accrued and other current liabilities	$	424		$	432
Non-current operating lease liabilities	Other non-current liabilities	1,829			1,360
Total operating lease liabilities		$	2,253		$	1,792

Weighted-average remaining lease term (in years)		8.85			8.57
Weighted-average discount rate		3.56		%	3.81		%

The following table presents supplemental cash flow information related to leases for the periods indicated:


	Nine Months Ended
	October 30, 2020		November 1, 2019
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$	384	$	367

ROU assets obtained in exchange for new operating lease liabilities	$	763	$	495

Maturity of operating lease liabilities


	October 30, 2020
Fiscal Years	(in millions)
Fiscal 2021 (remaining three months)	$	110
Fiscal 2022	476
Fiscal 2023	429
Fiscal 2024	317
Fiscal 2025	237
Thereafter	1,131
Total lease payments	2,700
Less: Imputed interest	(447)
Total	$	2,253
Current operating lease liabilities	$	424
Non-current operating lease liabilities	$	1,829

DEBT (Tables)

9 Months Ended

Oct. 30, 2020

Debt Disclosure [Abstract]

Outstanding debt


	October 30, 2020		January 31, 2020
	(in millions)
DFS U.S. debt:
Asset-based financing and securitization facilities	$	2,574	$	2,606
Fixed-term securitization offerings	3,465		2,593
Other	94		141
Total DFS U.S. debt	6,133		5,340
DFS international debt:
Securitization facility	860		743
Other borrowings	791		931
Note payable	250		200
Dell Bank Senior Unsecured Eurobonds	1,167		551
Total DFS international debt	3,068		2,425
Total DFS debt	$	9,201	$	7,765
Total short-term DFS debt	$	4,884	$	4,152
Total long-term DFS debt	$	4,317	$	3,613

The following table presents the Company’s outstanding debt as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Secured Debt
Senior Secured Credit Facilities:

2.75% Term Loan B-1 Facility due September 2025	$	4,691	$	4,738

1.90% Term Loan A-4 Facility due December 2023	679		679

1.90% Term Loan A-6 Facility due March 2024	3,316		3,497
First Lien Notes:

4.42% due June 2021	—		4,500
5.45% due June 2023	3,750		3,750
4.00% due July 2024	1,000		1,000
5.85% due July 2025	1,000		—
6.02% due June 2026	4,500		4,500
4.90% due October 2026	1,750		1,750
6.10% due July 2027	500		—
5.30% due October 2029	1,750		1,750
6.20% due July 2030	750		—
8.10% due July 2036	1,500		1,500
8.35% due July 2046	2,000		2,000
Unsecured Debt
Unsecured Notes and Debentures:

4.625% due April 2021	400		400
7.10% due April 2028	300		300
6.50% due April 2038	388		388
5.40% due September 2040	264		264
Senior Notes:
5.875% due June 2021	1,075		1,075
7.125% due June 2024	1,625		1,625
EMC Notes:
2.650% due June 2020	—		600
3.375% due June 2023	1,000		1,000
Debt of Public Subsidiary
VMware Notes:
2.30% due August 2020	—		1,250
2.95% due August 2022	1,500		1,500
4.50% due May 2025	750		—
4.65% due May 2027	500		—
3.90% due August 2027	1,250		1,250
4.70% due May 2030	750		—
VMware Term Loan Facility	—		1,500
DFS Debt (Note 4)	9,201		7,765
Other
2.46% Margin Loan Facility due April 2022	4,000		4,000
Other	222		84
Total debt, principal amount	$	50,411	$	52,665


	October 30, 2020		January 31, 2020
	(in millions)
Total debt, principal amount	$	50,411	$	52,665
Unamortized discount, net of unamortized premium	(217)		(241)
Debt issuance costs	(333)		(368)
Total debt, carrying value	$	49,861	$	52,056
Total short-term debt, carrying value	$	6,536	$	7,737
Total long-term debt, carrying value	$	43,325	$	44,319

Aggregate future maturities

The following table presents the aggregate future maturities of the Company’s debt as of October 30, 2020 for the periods indicated:


	Maturities by Fiscal Year
	2021 (remaining three months)		2022		2023		2024		2025		Thereafter		Total
	(in millions)
Senior Secured Credit Facilities and First Lien Notes	$	—	$	172	$	286	$	7,384	$	1,047	$	18,297	$	27,186
Unsecured Notes and Debentures	—		400		—		—		—		952		1,352
Senior Notes and EMC Notes	—		1,075		—		1,000		1,625		—		3,700
VMware Notes	—		—		1,500		—		—		3,250		4,750
DFS Debt	2,012		3,481		2,654		356		692		6		9,201
Margin Loan Facility	—		—		4,000		—		—		—		4,000
Other	3		12		12		156		8		31		222
Total maturities, principal amount	2,015		5,140		8,452		8,896		3,372		22,536		50,411
Associated carrying value adjustments	(1)		(10)		(14)		(38)		(83)		(404)		(550)
Total maturities, carrying value amount	$	2,014	$	5,130	$	8,438	$	8,858	$	3,289	$	22,132	$	49,861

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Oct. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional amounts of outstanding derivative instruments


	October 30, 2020		January 31, 2020
	(in millions)
Foreign exchange contracts:
Designated as cash flow hedging instruments	$	6,436	$	8,703
Non-designated as hedging instruments	8,808		7,711
Total	$	15,244	$	16,414
Interest rate contracts:
Non-designated as hedging instruments	$	5,164	$	4,043

Derivative instruments designated as hedging instruments


Derivatives in Cash Flow Hedging Relationships	Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives		Location of Gain (Loss) Reclassified from Accumulated OCI into Income	Gain (Loss) Reclassified from Accumulated OCI into Income
	(in millions)			(in millions)
For the three months ended October 30, 2020
			Total net revenue	$	(88)
Foreign exchange contracts	$	45	Total cost of net revenue	4
Interest rate contracts	—		Interest and other, net	—
Total	$	45		$	(84)

For the three months ended November 1, 2019
			Total net revenue	$	71
Foreign exchange contracts	$	(47)	Total cost of net revenue	—
Interest rate contracts	—		Interest and other, net	—
Total	$	(47)		$	71

For the nine months ended October 30, 2020
			Total net revenue	$	17
Foreign exchange contracts	$	(45)	Total cost of net revenue	7
Interest rate contracts	—		Interest and other, net	—
Total	$	(45)		$	24

For the nine months ended November 1, 2019
			Total net revenue	$	197
Foreign exchange contracts	$	210	Total cost of net revenue	—
Interest rate contracts	—		Interest and other, net	—
Total	$	210		$	197

Derivative instruments not designated as hedging instruments


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019		Location of Gain (Loss) Recognized
	(in millions)
Gain (Loss) Recognized:
Foreign exchange contracts	$	(127)	$	13	$	87	$	(46)	Interest and other, net
Interest rate contracts	1		1		(43)		(21)		Interest and other, net
Total	$	(126)	$	14	$	44	$	(67)

Fair value of derivatives

The following tables present the fair value of those derivative instruments presented on a gross basis as of the dates indicated:


	October 30, 2020
	Other Current Assets		Other Non- Current Assets		Other Current Liabilities		Other Non-Current Liabilities		Total Fair Value
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange contracts in an asset position	$	22	$	—	$	59	$	—	$	81
Foreign exchange contracts in a liability position	—		—		(13)		—		(13)
Net asset (liability)	22		—		46		—		68
Derivatives not designated as hedging instruments:
Foreign exchange contracts in an asset position	37		1		79		—		117
Foreign exchange contracts in a liability position	(19)		—		(274)		(2)		(295)
Interest rate contracts in an asset position	—		11		—		—		11
Interest rate contracts in a liability position	—		—		—		(30)		(30)
Net asset (liability)	18		12		(195)		(32)		(197)
Total derivatives at fair value	$	40	$	12	$	(149)	$	(32)	$	(129)

	January 31, 2020
	Other Current Assets		Other Non- Current Assets		Other Current Liabilities		Other Non-Current Liabilities		Total Fair Value
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange contracts in an asset position	$	108	$	—	$	15	$	—	$	123
Foreign exchange contracts in a liability position	(2)		—		(3)		—		(5)
Net asset (liability)	106		—		12		—		118
Derivatives not designated as hedging instruments:
Foreign exchange contracts in an asset position	136		—		39		—		175
Foreign exchange contracts in a liability position	(162)		—		(81)		(6)		(249)
Interest rate contracts in an asset position	—		1		—		—		1
Interest rate contracts in a liability position	—		—		—		(32)		(32)
Net asset (liability)	(26)		1		(42)		(38)		(105)
Total derivatives at fair value	$	80	$	1	$	(30)	$	(38)	$	13

Offsetting assets


	October 30, 2020
	Gross Amounts of Recognized Assets/ (Liabilities)		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position		Gross Amounts not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments		Cash Collateral Received or Pledged
	(in millions)
Derivative instruments:
Financial assets	$	209	$	(157)	$	52	$	—	$	—	$	52
Financial liabilities	(338)		157		(181)		—		(4)		(185)
Total derivative instruments	$	(129)	$	—	$	(129)	$	—	$	(4)	$	(133)

	January 31, 2020
	Gross Amounts of Recognized Assets/ (Liabilities)		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position		Gross Amounts not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments		Cash Collateral Received or Pledged
	(in millions)
Derivative instruments:
Financial assets	$	299	$	(218)	$	81	$	—	$	—	$	81
Financial liabilities	(286)		218		(68)		—		15		(53)
Total derivative instruments	$	13	$	—	$	13	$	—	$	15	$	28

Offsetting liabilities


	October 30, 2020
	Gross Amounts of Recognized Assets/ (Liabilities)		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position		Gross Amounts not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments		Cash Collateral Received or Pledged
	(in millions)
Derivative instruments:
Financial assets	$	209	$	(157)	$	52	$	—	$	—	$	52
Financial liabilities	(338)		157		(181)		—		(4)		(185)
Total derivative instruments	$	(129)	$	—	$	(129)	$	—	$	(4)	$	(133)

	January 31, 2020
	Gross Amounts of Recognized Assets/ (Liabilities)		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position		Gross Amounts not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments		Cash Collateral Received or Pledged
	(in millions)
Derivative instruments:
Financial assets	$	299	$	(218)	$	81	$	—	$	—	$	81
Financial liabilities	(286)		218		(68)		—		15		(53)
Total derivative instruments	$	13	$	—	$	13	$	—	$	15	$	28

BUSINESS COMBINATIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Oct. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The following table presents goodwill allocated to the Company’s reportable segments and changes in the carrying amount of goodwill as of the dates indicated:


	Infrastructure Solutions Group		Client Solutions Group		VMware		Other Businesses (a)		Total
	(in millions)
Balance as of January 31, 2020	$	15,089	$	4,237	$	20,532	$	1,833	$	41,691
Goodwill acquired (b)	—		—		230		8		238
Impact of foreign currency translation	90		—		—		9		99
Goodwill divested (c)	—		—		—		(1,385)		(1,385)


Balance as of October 30, 2020	$	15,179	$	4,237	$	20,762	$	465	$	40,643

____________________

(a) As of October 30, 2020, goodwill allocated to Other businesses consists of Secureworks, Virtustream, and Boomi.

(b) Primarily VMware, Inc. business combinations completed during the nine months ended October 30, 2020, as discussed above.

Schedule of definite-lived intangible assets

The following table presents the Company’s intangible assets as of the dates indicated:


	October 30, 2020						January 31, 2020
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
	(in millions)
Customer relationships	$	22,399	$	(15,004)	$	7,395	$	22,950	$	(13,821)	$	9,129
Developed technology	15,484		(11,758)		3,726		15,707		(10,974)		4,733
Trade names	1,266		(885)		381		1,306		(816)		490
Definite-lived intangible assets	39,149		(27,647)		11,502		39,963		(25,611)		14,352
Indefinite-lived trade names	3,755		—		3,755		3,755		—		3,755
Total intangible assets	$	42,904	$	(27,647)	$	15,257	$	43,718	$	(25,611)	$	18,107

Schedule of indefinite-lived intangible assets

The following table presents the Company’s intangible assets as of the dates indicated:


	October 30, 2020						January 31, 2020
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
	(in millions)
Customer relationships	$	22,399	$	(15,004)	$	7,395	$	22,950	$	(13,821)	$	9,129
Developed technology	15,484		(11,758)		3,726		15,707		(10,974)		4,733
Trade names	1,266		(885)		381		1,306		(816)		490
Definite-lived intangible assets	39,149		(27,647)		11,502		39,963		(25,611)		14,352
Indefinite-lived trade names	3,755		—		3,755		3,755		—		3,755
Total intangible assets	$	42,904	$	(27,647)	$	15,257	$	43,718	$	(25,611)	$	18,107

Estimated future annual pre-tax amortization expense

The following table presents the estimated future annual pre-tax amortization expense of definite-lived intangible assets as of the date indicated:


	October 30, 2020
Fiscal Years	(in millions)
2021 (remaining three months)	$	846
2022	2,698
2023	1,820
2024	1,451
2025	1,101
Thereafter	3,586
Total	$	11,502

DEFERRED REVENUE (Tables)

9 Months Ended

Oct. 30, 2020

Revenue from Contract with Customer [Abstract]

Changes in deferred revenue

The following table presents the changes in the Company’s deferred revenue for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Deferred revenue:
Deferred revenue at beginning of period	$	28,791	$	25,348	$	27,800	$	24,010
Revenue deferrals	5,432		5,326		17,560		16,201
Revenue recognized	(5,542)		(4,922)		(16,418)		(14,459)
Other (a) (b)	—		151		(261)		151
Deferred revenue at end of period	$	28,681	$	25,903	$	28,681	$	25,903
Short-term deferred revenue	$	15,259	$	13,787	$	15,259	$	13,787
Long-term deferred revenue	$	13,422	$	12,116	$	13,422	$	12,116

____________________

(b) For the three and nine months ended November 1, 2019, Other consists of acquired deferred revenue from Carbon Black, Inc. by VMware, Inc.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Oct. 30, 2020

Equity [Abstract]

Changes in accumulated other comprehensive income (loss)

The following table presents changes in accumulated other comprehensive income (loss), net of tax, by the following components as of the dates indicated:


	Foreign Currency Translation Adjustments		Cash Flow Hedges		Pension and Other Postretirement Plans		Accumulated Other Comprehensive Income (Loss)
	(in millions)
Balances as of January 31, 2020	$	(678)	$	14	$	(45)	$	(709)

Other comprehensive income (loss) before reclassifications	243		(45)		(21)		177
Amounts reclassified from accumulated other comprehensive income (loss)	—		(24)		3		(21)
Total change for the period	243		(69)		(18)		156
Less: Change in comprehensive income (loss) attributable to non-controlling interests	—		—		—		—
Balances as of October 30, 2020	$	(435)	$	(55)	$	(63)	$	(553)

Reclassifications out of accumulated other comprehensive income (loss)

The following table presents reclassifications out of accumulated other comprehensive income (loss), net of tax, to net income for the periods indicated:


	Three Months Ended
	October 30, 2020						November 1, 2019
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total
	(in millions)
Total reclassifications, net of tax:
Net revenue	$	(88)	$	—	$	(88)	$	71	$	—	$	71
Cost of net revenue	4		—		4		—		—		—
Operating expenses	—		1		1		—		—		—

Total reclassifications, net of tax	$	(84)	$	1	$	(83)	$	71	$	—	$	71

	Nine Months Ended
	October 30, 2020						November 1, 2019
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total
	(in millions)
Total reclassifications, net of tax:
Net revenue	$	17	$	—	$	17	$	197	$	—	$	197
Cost of net revenue	7		—		7		—		—		—
Operating expenses	—		(3)		(3)		—		—		—

Total reclassifications, net of tax	$	24	$	(3)	$	21	$	197	$	—	$	197

NON-CONTROLLING INTERESTS (Tables)

9 Months Ended

Oct. 30, 2020

Noncontrolling Interest [Abstract]

Effect of changes in ownership interest

The following table presents the effect of changes in the Company’s ownership interest in VMware, Inc. and Secureworks on the Company’s equity for the period indicated:


	Nine Months Ended
	October 30, 2020
	(in millions)
Net income attributable to Dell Technologies Inc.	$	2,023
Transfers (to)/from the non-controlling interests:
Increase in Dell Technologies Inc. additional paid-in-capital for equity issuances and other equity activity	774
Decrease in Dell Technologies Inc. additional paid-in-capital for equity issuances and other equity activity	(704)
Net transfers to non-controlling interests	70
Change from net income attributable to Dell Technologies Inc. and transfers to the non-controlling interests	$	2,093

CAPITALIZATION (Tables)

9 Months Ended

Oct. 30, 2020

Equity [Abstract]

Schedule of stock

The following table presents the Company’s authorized, issued, and outstanding common stock as of the dates indicated:


	Authorized	Issued	Outstanding
	(in millions)
Common stock as of October 30, 2020
Class A	600	385	385
Class B	200	102	102
Class C	7,900	270	262
Class D	100	—	—
Class V	343	—	—
	9,143	757	749

Common stock as of January 31, 2020
Class A	600	385	385
Class B	200	102	102
Class C	7,900	258	256
Class D	100	—	—
Class V	343	—	—
	9,143	745	743

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 210
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-Section S99
-Paragraph 1
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section S99
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

EARNINGS PER SHARE (Tables)

9 Months Ended

Oct. 30, 2020

Earnings Per Share [Abstract]

Computation of basic and diluted earnings (loss) per share and reconciliation to consolidated net income (loss)

The following table presents the basic and diluted earnings per share for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
Earnings per share attributable to Dell Technologies Inc.
Dell Technologies Common Stock — Basic	$	1.11	$	0.69	$	2.73	$	5.84
Dell Technologies Common Stock — Diluted	$	1.08	$	0.66	$	2.64	$	5.50

The following table presents the computation of basic and diluted earnings per share for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Numerator: Dell Technologies Common Stock
Net income attributable to Dell Technologies — basic	$	832	$	499	$	2,023	$	4,208
Incremental dilution from VMware, Inc. attributable to Dell Technologies (a)	(3)		(6)		(8)		(81)
Net income attributable to Dell Technologies — diluted	$	829	$	493	$	2,015	$	4,127

Denominator: Dell Technologies Common Stock weighted-average shares outstanding
Weighted-average shares outstanding — basic	747		725		742		720
Dilutive effect of options, restricted stock units, restricted stock, and other	24		25		22		30
Weighted-average shares outstanding — diluted	771		750		764		750
Weighted-average shares outstanding — antidilutive	—		—		1		—

____________________

REDEEMABLE SHARES (Tables)

9 Months Ended

Oct. 30, 2020

Temporary Equity Disclosure [Abstract]

Temporary equity

The following table presents the amount of redeemable shares classified as temporary equity and summarizes the award type as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Redeemable shares classified as temporary equity	$	527	$	629

Issued and outstanding unrestricted common shares	2		2
Restricted stock units	—		1
Restricted stock awards	—		—
Outstanding stock options	9		15

SEGMENT INFORMATION (Tables)

9 Months Ended

Oct. 30, 2020

Segment Reporting [Abstract]

Reconciliation of revenue from segments to consolidated


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Consolidated net revenue:
Infrastructure Solutions Group	$	8,024	$	8,390	$	23,800	$	25,213
Client Solutions Group	12,286		11,410		34,593		34,068
VMware	2,893		2,671		8,556		7,779
Reportable segment net revenue	23,203		22,471		66,949		67,060
Other businesses (a)	314		456		1,288		1,311
Unallocated transactions (b)	4		1		4		1
Impact of purchase accounting (c)	(39)		(84)		(129)		(250)
Total consolidated net revenue	$	23,482	$	22,844	$	68,112	$	68,122

Consolidated operating income:
Infrastructure Solutions Group	$	882	$	996	$	2,587	$	2,889
Client Solutions Group	1,002		739		2,309		2,514
VMware	837		709		2,504		2,055
Reportable segment operating income	2,721		2,444		7,400		7,458
Other businesses (a)	3		—		105		(48)
Unallocated transactions (b)	1		(2)		(1)		(29)
Impact of purchase accounting (c)	(49)		(96)		(165)		(299)
Amortization of intangibles	(845)		(1,057)		(2,547)		(3,334)
Transaction-related expenses (d)	(52)		(76)		(211)		(165)
Stock-based compensation expense (e)	(436)		(322)		(1,219)		(886)
Other corporate expenses (f)	(214)		(55)		(395)		(792)
Total consolidated operating income	$	1,129	$	836	$	2,967	$	1,905

____________________

(b)Unallocated transactions includes other corporate items that are not allocated to Dell Technologies’ reportable segments.

(c)Impact of purchase accounting includes non-cash purchase accounting adjustments that are primarily related to the EMC merger transaction.

(d)Transaction-related expenses includes acquisition, integration, and divestiture related costs.

(e)Stock-based compensation expense consists of equity awards granted based on the estimated fair value of those awards at grant date.

Disaggregation of revenue

The following table presents the disaggregation of net revenue by reportable segment, and by major product categories within the segments for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Net revenue:
Infrastructure Solutions Group:
Servers and networking	$	4,164	$	4,241	$	12,118	$	12,858
Storage	3,860		4,149		11,682		12,355
Total ISG net revenue	8,024		8,390		23,800		25,213
Client Solutions Group:
Commercial	8,783		8,330		25,456		25,714
Consumer	3,503		3,080		9,137		8,354
Total CSG net revenue	12,286		11,410		34,593		34,068
VMware:
Total VMware net revenue	2,893		2,671		8,556		7,779
Total segment net revenue	$	23,203	$	22,471	$	66,949	$	67,060

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION (Tables)

9 Months Ended

Oct. 30, 2020

Condensed Financial Information Disclosure [Abstract]

Information on selected accounts

The following table presents additional information on selected accounts included in the Condensed Consolidated Statements of Financial Position as of the dates indicated:


	October 30, 2020		January 31, 2020
	(in millions)
Cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$	11,304	$	9,302
Restricted cash - other current assets (a)	761		730
Restricted cash - other non-current assets (a)	92		119
Total cash, cash equivalents, and restricted cash	$	12,157	$	10,151
Inventories, net:
Production materials	$	1,687	$	1,590
Work-in-process	710		563
Finished goods	996		1,128
Total inventories, net	$	3,393	$	3,281






Other non-current assets:
Deferred and other tax assets	$	6,127	$	5,960
Operating lease ROU assets	2,179		1,780
Deferred commissions	1,028		998
Other	1,727		1,690
Total other non-current assets	$	11,061	$	10,428
Other non-current liabilities:
Deferred and other tax liabilities	$	2,184	$	3,110
Operating lease liabilities	1,829		1,360
Warranty liability	130		155
Other	1,290		758
Total other non-current liabilities	$	5,433	$	5,383

____________________

(a) Restricted cash primarily includes cash required to be held in escrow pursuant to DFS securitization arrangements and VMware, Inc. restricted cash.

Trade Receivables — Allowance for Expected Credit Losses

The following table presents the changes in the Company’s allowance for expected credit losses for the periods indicated:


	Three Months Ended		Nine Months Ended
	October 30, 2020		October 30, 2020
	(in millions)
Trade Receivables - Allowance for expected credit losses:
Balance at beginning of period	$	146	$	94
Adjustment for adoption of the new CECL standard (Note 1)	—		27

Provision charged to income statement	(4)		43
Bad debt write-offs	(27)		(49)
Balance at end of period	$	115	$	115

Liability for standard limited warranties

The following table presents changes in the Company’s liability for standard limited warranties for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Warranty liability:
Warranty liability at beginning of period	$	479	$	525	$	496	$	524

Costs accrued for new warranty contracts and changes in estimates for pre-existing warranties (a) (b)	219		211		573		651
Service obligations honored	(206)		(216)		(577)		(655)
Warranty liability at end of period	$	492	$	520	$	492	$	520
Current portion	$	362	$	351	$	362	$	351
Non-current portion	$	130	$	169	$	130	$	169

____________________

(b)Includes the impact of foreign currency exchange rate fluctuations.

Interest and other, net

The following table provides information regarding interest and other, net for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Interest and other, net:
Investment income, primarily interest	$	11	$	41	$	47	$	127
Gain on investments, net (a)	489		18		591		160
Interest expense	(566)		(654)		(1,855)		(2,045)
Foreign exchange	(31)		(43)		(130)		(123)
Other (b)	370		(39)		418		(119)
Total interest and other, net	$	273	$	(677)	$	(929)	$	(2,000)

____________________

Activity related to severance liability

The following table presents the activity related to the Company’s severance liability for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Severance liability:
Severance liability at beginning of period	$	168	$	115	$	196	$	146
Severance charges to provision	226		44		417		141
Cash paid and other (a)	(181)		(44)		(400)		(172)
Severance liability at end of period	$	213	$	115	$	213	$	115

____________________

(a)Other adjustments include the impact of foreign currency exchange rate fluctuations.

Severance charges

The following table presents severance charges as included in the Condensed Consolidated Statements of Income (Loss) for the periods indicated:


	Three Months Ended				Nine Months Ended
	October 30, 2020		November 1, 2019		October 30, 2020		November 1, 2019
	(in millions)
Severance charges:
Cost of net revenue	$	46	$	—	$	58	$	14
Selling, general, and administrative	139		31		308		103
Research and development	41		13		51		24
Total severance charges	$	226	$	44	$	417	$	141

BASIS OF PRESENTATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions					3 Months Ended		9 Months Ended
	Sep. 01, 2020	Dec. 30, 2019	Dec. 28, 2018	Nov. 14, 2018	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019	Jul. 31, 2020	Feb. 01, 2020	Jan. 31, 2020	Aug. 02, 2019	Feb. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net revenue					$ 23,482	$ 22,844	$ 68,112	$ 68,122
Accounts receivable, allowance for credit loss					115		115		$ 146		$ 94
Other non-current liabilities					5,433		5,433				5,383
Stockholders’ equity (deficit) decrease					$ (5,939)	(3,877)	$ (5,939)	(3,877)	(4,558)		(3,155)	$ (3,095)	$ 942
Adjustment for adoption of accounting standards
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing receivable, allowance for credit loss										$ 111
Accounts receivable, allowance for credit loss									$ 0	27	27
Other non-current liabilities										(28)
Stockholders’ equity (deficit) decrease										$ 110	$ 110		$ (3)
Pivotal \| VMware \| Class B
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Business acquisition, share price (in dollars per share)		$ 15.00
Conversion of shares (in shares)		0.0550
Business acquisition shares received on exchange (in shares)		7,200,000
Merger Agreement
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash payment			$ 14,000
Shares issued (in shares)			149,387,617
Equity issued in acquisition			$ 6,900
Per share cash consideration (in dollars per share)				$ 120.00
RSA Security \| Held-for-sale
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Proceeds from divestiture	$ 2,082
Gain on sale	338
Loss on sale, net of tax	21
Tax expense from sale	$ 359
Restatement Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net revenue						$ 210		$ 584

INTERIM UPDATE TO SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	9 Months Ended
	Oct. 30, 2020
Development Costs
Property, Plant and Equipment [Line Items]
Useful life	5 years

FAIR VALUE MEASUREMENTS AND INVESTMENTS - Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Assets:
Equity and other securities	$ 553	$ 12
Derivative instruments	52	81
Total assets	7,167	4,714
Liabilities:
Derivative instruments	181	68
Total liabilities	181	68
Money market funds
Assets:
Cash and cash equivalents	6,562	4,621
Level 1
Assets:
Equity and other securities	553	12
Derivative instruments	0	0
Total assets	7,115	4,633
Liabilities:
Derivative instruments	0	0
Total liabilities	0	0
Level 1 \| Money market funds
Assets:
Cash and cash equivalents	6,562	4,621
Level 2
Assets:
Equity and other securities	0	0
Derivative instruments	52	81
Total assets	52	81
Liabilities:
Derivative instruments	181	68
Total liabilities	181	68
Level 2 \| Money market funds
Assets:
Cash and cash equivalents	0	0
Level 3
Assets:
Equity and other securities	0	0
Derivative instruments	0	0
Total assets	0	0
Liabilities:
Derivative instruments	0	0
Total liabilities	0	0
Level 3 \| Money market funds
Assets:
Cash and cash equivalents	$ 0	$ 0

FAIR VALUE MEASUREMENTS AND INVESTMENTS - Additional Information (Narrative) (Details) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2020 trademark	Oct. 30, 2020 USD ($)	Oct. 30, 2020 USD ($)	Jan. 31, 2020 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Deferred compensation plan assets		$ 277	$ 277	$ 241
Deferred compensation liability		277	277	241
Carrying Value		936	936	852
Equity securities, upward price adjustment			112
Equity securities, downward price adjustment			31
Number of investments \| trademark	1
Equity and other securities		553	553	$ 12
Strategic Investments
Debt and Equity Securities, FV-NI [Line Items]
Realized gain on investment		465	465
Equity and other securities		$ 543	$ 543

FAIR VALUE MEASUREMENTS AND INVESTMENTS - Carrying Value and Estimated Fair Value of Outstanding Debt (Details) - USD ($) $ in Billions	Oct. 30, 2020	Jan. 31, 2020
Carrying Value \| Senior Secured Credit Facilities \| Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	$ 8.6	$ 8.8
Carrying Value \| First Lien Notes \| Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	18.3	20.5
Carrying Value \| Unsecured Notes and Debentures \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	1.2	1.2
Carrying Value \| Senior Notes \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	2.6	2.6
Carrying Value \| EMC Notes \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	1.0	1.6
Carrying Value \| VMware Notes and VMware Term Loan Facility \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	4.7	5.5
Carrying Value \| Margin Loan Facility \| Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	4.0	4.0
Fair Value \| Senior Secured Credit Facilities \| Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	8.6	9.0
Fair Value \| First Lien Notes \| Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	22.0	23.9
Fair Value \| Unsecured Notes and Debentures \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	1.5	1.5
Fair Value \| Senior Notes \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	2.8	2.8
Fair Value \| EMC Notes \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	1.0	1.6
Fair Value \| VMware Notes and VMware Term Loan Facility \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	5.3	5.6
Fair Value \| Margin Loan Facility \| Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	$ 3.9	$ 3.9

FAIR VALUE MEASUREMENTS AND INVESTMENTS - Investments (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Equity and other securities
Carrying Value	$ 936	$ 852
Fixed income debt securities
Total securities	1,655	864
Long-Term Investments
Equity and other securities
Cost	944	783
Unrealized Gain	579	116
Unrealized (Loss)	(34)	(35)
Carrying Value	1,489	864
Fixed income debt securities
Fixed income debt securities
Cost	163	0
Unrealized Gain	3	0
Unrealized (Loss)	0	0
Carrying Value	$ 166	$ 0

FINANCIAL SERVICES - Additional Information (Narrative) (Details) - USD ($) $ in Billions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
New financing originations	$ 2.1	$ 2.0	$ 6.5	$ 5.7
Revolving
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)			12 months
Fixed-term \| Minimum \| Commercial Borrower
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)			2 years
Fixed-term \| Minimum \| Other Borrower
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)			3 years
Fixed-term \| Maximum \| Commercial Borrower
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)			4 years
Fixed-term \| Maximum \| Other Borrower
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)			5 years

FINANCIAL SERVICES - Schedule of Components of the Company's Financing Receivables Segregated by Portfolio Segment (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jul. 31, 2020	Jan. 31, 2020	Nov. 01, 2019	Aug. 02, 2019	Feb. 01, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	$ 10,081
Financing receivables, net	10,246		$ 9,743
Short-term	4,872		4,895
Long-term	5,374		4,848
Customer receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	10,081		9,310
Allowances for losses	(307)	$ (323)	(149)	$ (144)	$ (138)	$ (136)
Financing receivables, net	9,774		9,161
Residual interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	472		582
Revolving
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross			9,310
Financing receivables, net	626		754
Short-term	626		754
Long-term	0		0
Revolving \| Customer receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	768		824
Allowances for losses	(142)	(143)	(70)	(66)	(67)	(75)
Financing receivables, net	626		754
Revolving \| Residual interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	0		0
Fixed-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	9,620		8,989
Short-term	4,246		4,141
Long-term	5,374		4,848
Fixed-term \| Customer receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	9,313		8,486
Allowances for losses	(165)	$ (180)	(79)	$ (78)	$ (71)	$ (61)
Financing receivables, net	9,148		8,407
Fixed-term \| Residual interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	$ 472		$ 582

FINANCIAL SERVICES - Schedule of Changes in the Allowance for Financing Receivable Losses (Details) - Customer receivables - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period	$ 323	$ 138	$ 149	$ 136
Charge-offs, net of recoveries	(19)	(24)	(73)	(71)
Provision charged to income statement	3	30	120	79
Balances at end of period	307	144	307	144
Adjustment for adoption of accounting standards
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period			111	0
Revolving
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period	143	67	70	75
Charge-offs, net of recoveries	(13)	(18)	(51)	(53)
Provision charged to income statement	12	17	83	44
Balances at end of period	142	66	142	66
Revolving \| Adjustment for adoption of accounting standards
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period			40	0
Fixed-term
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period	180	71	79	61
Charge-offs, net of recoveries	(6)	(6)	(22)	(18)
Provision charged to income statement	(9)	13	37	35
Balances at end of period	$ 165	$ 78	165	78
Fixed-term \| Adjustment for adoption of accounting standards
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period			$ 71	$ 0

FINANCIAL SERVICES - Aging Customer Financing Receivables, Gross, Including Accrued Interest (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	$ 10,081
Customer receivables
Financing Receivable, Past Due [Line Items]
Current	9,654	$ 8,739
Total customer receivables, gross	10,081	9,310
Revolving
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross		9,310
Revolving \| Customer receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	768	824
Revolving \| Revolving — DPA
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross		621
Revolving \| Revolving — DPA \| Customer receivables
Financing Receivable, Past Due [Line Items]
Current	548	550
Total customer receivables, gross	592	621
Revolving \| Revolving — DBC
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross		203
Revolving \| Revolving — DBC \| Customer receivables
Financing Receivable, Past Due [Line Items]
Current	159	184
Total customer receivables, gross	176	203
Fixed-term \| Customer receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	9,313	8,486
Fixed-term \| Fixed-term — Consumer and Commercial
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross		8,486
Fixed-term \| Fixed-term — Consumer and Commercial \| Customer receivables
Financing Receivable, Past Due [Line Items]
Current	8,947	8,005
Total customer receivables, gross	9,313	8,486
Past Due 1 — 90 Days \| Customer receivables
Financing Receivable, Past Due [Line Items]
Past due	347	439
Past Due 1 — 90 Days \| Revolving \| Revolving — DPA \| Customer receivables
Financing Receivable, Past Due [Line Items]
Past due	34	51
Past Due 1 — 90 Days \| Revolving \| Revolving — DBC \| Customer receivables
Financing Receivable, Past Due [Line Items]
Past due	14	15
Past Due 1 — 90 Days \| Fixed-term \| Fixed-term — Consumer and Commercial \| Customer receivables
Financing Receivable, Past Due [Line Items]
Past due	299	373
Past Due >90 Days \| Customer receivables
Financing Receivable, Past Due [Line Items]
Past due	80	132
Past Due >90 Days \| Revolving \| Revolving — DPA \| Customer receivables
Financing Receivable, Past Due [Line Items]
Past due	10	20
Past Due >90 Days \| Revolving \| Revolving — DBC \| Customer receivables
Financing Receivable, Past Due [Line Items]
Past due	3	4
Past Due >90 Days \| Fixed-term \| Fixed-term — Consumer and Commercial \| Customer receivables
Financing Receivable, Past Due [Line Items]
Past due	$ 67	$ 108

FINANCIAL SERVICES - Credit Quality Indicators (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Customer receivables, gross	$ 10,081
Fixed-term \| Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	4,214
2020	3,269
2019	1,434
2018	336
2017	59
Years Prior	1
Customer receivables, gross		$ 8,486
Revolving
Financing Receivable, Credit Quality Indicator [Line Items]
Customer receivables, gross		9,310
Revolving \| Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	592
Customer receivables, gross		621
Revolving \| Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	176
Customer receivables, gross		203
Higher
Financing Receivable, Credit Quality Indicator [Line Items]
Customer receivables, gross	5,761
Higher \| Fixed-term \| Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	2,591
2020	1,961
2019	780
2018	191
2017	32
Years Prior	0
Customer receivables, gross		5,042
Higher \| Revolving
Financing Receivable, Credit Quality Indicator [Line Items]
Customer receivables, gross		5,234
Higher \| Revolving \| Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	158
Customer receivables, gross		137
Higher \| Revolving \| Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	48
Customer receivables, gross		55
Mid
Financing Receivable, Credit Quality Indicator [Line Items]
Customer receivables, gross	2,321
Mid \| Fixed-term \| Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	900
2020	736
2019	351
2018	92
2017	13
Years Prior	0
Customer receivables, gross		2,036
Mid \| Revolving
Financing Receivable, Credit Quality Indicator [Line Items]
Customer receivables, gross		2,274
Mid \| Revolving \| Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	177
Customer receivables, gross		175
Mid \| Revolving \| Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	52
Customer receivables, gross		63
Lower
Financing Receivable, Credit Quality Indicator [Line Items]
Customer receivables, gross	1,999
Lower \| Fixed-term \| Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	723
2020	572
2019	303
2018	53
2017	14
Years Prior	1
Customer receivables, gross		1,408
Lower \| Revolving
Financing Receivable, Credit Quality Indicator [Line Items]
Customer receivables, gross		1,802
Lower \| Revolving \| Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	257
Customer receivables, gross		309
Lower \| Revolving \| Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	$ 76
Customer receivables, gross		$ 85

FINANCIAL SERVICES - Leases Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Lessee, Lease, Description [Line Items]
Interest income on the sales-type lease receivables	$ 69	$ 66	$ 200	$ 196
Operating lease income	120	63	310	94
Assets Leased to Others
Lessee, Lease, Description [Line Items]
Operating lease depreciation expense	$ 92	$ 40	$ 228	$ 64

FINANCIAL SERVICES - Finance Leases (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Receivables [Abstract]
Net revenue — products	$ 184	$ 251	$ 648	$ 604
Cost of net revenue — products	102	215	435	475
Gross margin — products	$ 82	$ 36	$ 213	$ 129

FINANCIAL SERVICES - Finance Leases Future Maturity (Details) $ in Millions	Oct. 30, 2020 USD ($)
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]
Fiscal 2021 (remaining three months)	$ 794
Fiscal 2022	2,378
Fiscal 2023	1,533
Fiscal 2024	783
Fiscal 2025 and beyond	360
Total undiscounted cash flows	5,848
Total customer receivables, gross	10,081
Less: unearned income	(660)
Fixed-term loans
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]
Total customer receivables, gross	4,125
Revolving loans
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]
Total customer receivables, gross	$ 768

FINANCIAL SERVICES - Operating Leases (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Equipment under operating lease, net	$ 6,344	$ 6,055
Assets Leased to Others
Accounts, Notes, Loans and Financing Receivable [Line Items]
Equipment under operating lease, gross	1,592	956
Less: accumulated depreciation	(328)	(116)
Equipment under operating lease, net	$ 1,264	$ 840

FINANCIAL SERVICES - Future Maturities (Details) $ in Millions	Oct. 30, 2020 USD ($)
Operating Leases
Fiscal 2021 (remaining three months)	$ 142
Fiscal 2022	526
Fiscal 2023	404
Fiscal 2024	146
Fiscal 2025 and beyond	24
Total	$ 1,242

FINANCIAL SERVICES - DFS Debt (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	$ 49,861	$ 52,056
Short-term debt	6,536	7,737
Long-term debt	43,325	44,319
Secured Debt \| U.S. \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	6,133	5,340
Secured Debt \| International \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	3,068	2,425
Asset-based financing and securitization facilities \| Secured Debt \| U.S. \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	2,574	2,606
Asset-based financing and securitization facilities \| Secured Debt \| International \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	860	743
Fixed-term securitization offerings \| Secured Debt \| U.S. \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	3,465	2,593
Other \| Secured Debt \| U.S. \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	94	141
Other \| Secured Debt \| International \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	791	931
Note payable \| Secured Debt \| International \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	250	200
Dell Bank Senior Unsecured Eurobonds \| Unsecured Debt \| International \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	1,167	551
DFS Debt \| Secured Debt
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value		7,765
Short-term debt	4,884	4,152
Long-term debt	$ 4,317	$ 3,613

FINANCIAL SERVICES - DFS Debt Narrative (Details)			9 Months Ended
FINANCIAL SERVICES - DFS Debt Narrative (Details)	Jun. 24, 2020 EUR (€)	Oct. 17, 2019 EUR (€)	Oct. 30, 2020 USD ($)	Aug. 07, 2020 agreement	Jul. 31, 2020 USD ($)	Mar. 20, 2019 USD ($)	Jun. 22, 2016 USD ($)	Jun. 01, 2016 USD ($)
Note payable
Debt Instrument [Line Items]
Aggregate principal amount			$ 250,000,000
Note payable \| TIIE \| Mexico, Pesos
Debt Instrument [Line Items]
Basis spread on variable rate			3.37%
Secured Debt
Debt Instrument [Line Items]
Aggregate principal amount						$ 4,500,000,000		$ 20,000,000,000.0
Secured Debt \| Asset-based financing and securitization facilities \| U.S. \| Finance Leases and Revolving Loan Portfolio Segments
Debt Instrument [Line Items]
Total debt capacity			$ 4,100,000,000
Secured Debt \| Asset-based financing and securitization facilities \| International \| Fixed-term
Debt Instrument [Line Items]
Total debt capacity			$ 934,000,000
Secured Debt \| Fixed-term securitization offerings \| Minimum
Debt Instrument [Line Items]
Interest rate			0.31%
Secured Debt \| Fixed-term securitization offerings \| Maximum
Debt Instrument [Line Items]
Interest rate			5.92%
Secured Debt \| Other \| Canada
Debt Instrument [Line Items]
Total debt capacity			$ 281,000,000
Secured Debt \| Other \| Europe
Debt Instrument [Line Items]
Total debt capacity			700,000,000
Secured Debt \| Other \| Australia and New Zealand
Debt Instrument [Line Items]
Total debt capacity			$ 246,000,000
Unsecured Debt
Debt Instrument [Line Items]
Aggregate principal amount							$ 3,250,000,000
Unsecured Debt \| Mexico
Debt Instrument [Line Items]
Number of credit agreements \| agreement				2
Unsecured Debt \| Note payable
Debt Instrument [Line Items]
Aggregate principal amount					$ 187,000,000
Unsecured Debt \| Dell Bank Bonds
Debt Instrument [Line Items]
Interest rate	1.625%	0.625%
Aggregate principal amount \| €	€ 500,000,000	€ 500,000,000
Debt instrument, term	4 years	3 years

FINANCIAL SERVICES - Schedule of Financing Receivables Held by the Consolidated VIEs (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held by consolidated VIEs, net	$ 118,948	$ 118,861
Variable Interest Entity, Primary Beneficiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held by consolidated VIEs, net	7,500	6,664
Short-term, net \| Variable Interest Entity, Primary Beneficiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held by consolidated VIEs, net	3,430	3,316
Long-term, net \| Variable Interest Entity, Primary Beneficiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held by consolidated VIEs, net	$ 4,070	$ 3,348

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=121559654&loc=d3e5710-111685

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

FINANCIAL SERVICES - Variable Interest Entities Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019	Jan. 31, 2020
Debt Instrument [Line Items]
Total debt, principal amount	$ 50,411		$ 50,411		$ 52,665
Variable Interest Entity, Primary Beneficiary
Debt Instrument [Line Items]
Financing receivables transferred via securitization through SPEs	1,600	$ 1,300	4,600	$ 4,100
Total debt, principal amount	$ 6,900		$ 6,900		$ 5,900

FINANCIAL SERVICES - Customer Receivables Sales Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019
Banking and Thrift, Interest [Abstract]
Financing receivables sold	$ 414	$ 406

LEASES - Narrative (Details) $ in Millions	Oct. 30, 2020 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease not yet commenced	$ 81
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 month
Term of lease contract	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	26 years
Term of lease contract	10 years

LEASES - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Operating lease expense:
Operating lease costs	$ 129	$ 134	$ 384	$ 377
Variable costs	37	41	113	120
Total lease costs	$ 166	$ 175	$ 497	$ 497

LEASES - Supplemental Information Related to Operating Leases (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Leases [Abstract]
Operating lease right of use (“ROU”) assets	$ 2,179	$ 1,780
Operating lease right of use (“ROU”) assets extensible list	us-gaap:OtherAssets
Current operating lease liabilities	$ 424	432
Current operating lease liabilities extensible list	us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent
Non-current operating lease liabilities	$ 1,829	1,360
Non-current operating lease liabilities extensible list	us-gaap:OtherLiabilitiesNoncurrent
Total operating lease liabilities	$ 2,253	$ 1,792
Weighted-average remaining lease term (in years)	8 years 10 months 6 days	8 years 6 months 25 days
Weighted-average discount rate	3.56%	3.81%

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$ 384	$ 367
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 763	$ 495

LEASES - Maturity of Operating Leases (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Fiscal Years
Fiscal 2021 (remaining three months)	$ 110
Fiscal 2022	476
Fiscal 2023	429
Fiscal 2024	317
Fiscal 2025	237
Thereafter	1,131
Total lease payments	2,700
Less: Imputed interest	(447)
Total operating lease liabilities	2,253	$ 1,792
Current operating lease liabilities	424	432
Non-current operating lease liabilities	$ 1,829	$ 1,360

DEBT - Outstanding Debt (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020	Sep. 07, 2016
Debt Instrument [Line Items]
Total debt, principal amount	$ 50,411	$ 52,665
Unamortized discount, net of unamortized premium	(217)	(241)
Debt issuance costs	(333)	(368)
Total debt, carrying value	49,861	52,056
Total short-term debt, carrying value	6,536	7,737
Total long-term debt, carrying value	43,325	44,319
DFS Debt
Debt Instrument [Line Items]
Total debt, principal amount	9,201
2.46% Margin Loan Facility due April 2022
Debt Instrument [Line Items]
Total debt, principal amount	4,000
Secured Debt \| 2.75% Term Loan B-1 Facility due September 2025
Debt Instrument [Line Items]
Total debt, principal amount	$ 4,691	4,738
Interest rate at period end	2.75%
Secured Debt \| 1.90% Term Loan A-4 Facility due December 2023
Debt Instrument [Line Items]
Total debt, principal amount	$ 679	679
Interest rate at period end	1.90%
Secured Debt \| 1.90% Term Loan A-6 Facility due March 2024
Debt Instrument [Line Items]
Total debt, principal amount	$ 3,316	3,497
Interest rate at period end	1.90%
Secured Debt \| 4.42% due June 2021
Debt Instrument [Line Items]
Total debt, principal amount	$ 0	4,500
Interest rate	4.42%
Secured Debt \| 5.45% due June 2023
Debt Instrument [Line Items]
Total debt, principal amount	$ 3,750	3,750
Interest rate	5.45%
Secured Debt \| 4.00% due July 2024
Debt Instrument [Line Items]
Total debt, principal amount	$ 1,000	1,000
Interest rate	4.00%
Secured Debt \| 5.85% due July 2025
Debt Instrument [Line Items]
Total debt, principal amount	$ 1,000	0
Interest rate	5.85%
Secured Debt \| 6.02% due June 2026
Debt Instrument [Line Items]
Total debt, principal amount	$ 4,500	4,500
Interest rate	6.02%
Secured Debt \| 4.90% due October 2026
Debt Instrument [Line Items]
Total debt, principal amount	$ 1,750	1,750
Interest rate	4.90%
Secured Debt \| 6.10% due July 2027
Debt Instrument [Line Items]
Total debt, principal amount	$ 500	0
Interest rate	6.10%
Secured Debt \| 5.30% due October 2029
Debt Instrument [Line Items]
Total debt, principal amount	$ 1,750	1,750
Interest rate	5.30%
Secured Debt \| 6.20% due July 2030
Debt Instrument [Line Items]
Total debt, principal amount	$ 750	0
Interest rate	6.20%
Secured Debt \| 8.10% due July 2036
Debt Instrument [Line Items]
Total debt, principal amount	$ 1,500	1,500
Interest rate	8.10%
Secured Debt \| 8.35% due July 2046
Debt Instrument [Line Items]
Total debt, principal amount	$ 2,000	2,000
Interest rate	8.35%
Secured Debt \| DFS Debt
Debt Instrument [Line Items]
Total debt, principal amount	$ 9,201	7,765
Total debt, carrying value		7,765
Total short-term debt, carrying value	4,884	4,152
Total long-term debt, carrying value	4,317	3,613
Unsecured Debt \| 4.625% due April 2021
Debt Instrument [Line Items]
Total debt, principal amount	$ 400	400
Interest rate	4.625%
Unsecured Debt \| 7.10% due April 2028
Debt Instrument [Line Items]
Total debt, principal amount	$ 300	300
Interest rate	7.10%
Unsecured Debt \| 6.50% due April 2038
Debt Instrument [Line Items]
Total debt, principal amount	$ 388	388
Interest rate	6.50%
Unsecured Debt \| 5.40% due September 2040
Debt Instrument [Line Items]
Total debt, principal amount	$ 264	264
Interest rate	5.40%
Unsecured Debt \| 5.875% due June 2021
Debt Instrument [Line Items]
Total debt, principal amount	$ 1,075	1,075
Interest rate	5.875%
Unsecured Debt \| 7.125% due June 2024
Debt Instrument [Line Items]
Total debt, principal amount	$ 1,625	1,625
Interest rate	7.125%
Unsecured Debt \| 2.650% due June 2020
Debt Instrument [Line Items]
Total debt, principal amount	$ 0	600	$ 2,000
Interest rate	2.65%
Unsecured Debt \| 3.375% due June 2023
Debt Instrument [Line Items]
Total debt, principal amount	$ 1,000	1,000	$ 1,000
Interest rate	3.375%
Unsecured Debt \| 2.30% due August 2020
Debt Instrument [Line Items]
Total debt, principal amount	$ 0	1,250
Interest rate	2.30%
Unsecured Debt \| 2.95% due August 2022
Debt Instrument [Line Items]
Total debt, principal amount	$ 1,500	1,500
Interest rate	2.95%
Unsecured Debt \| 4.50% due May 2025
Debt Instrument [Line Items]
Total debt, principal amount	$ 750	0
Interest rate	4.50%
Unsecured Debt \| 4.65% due May 2027
Debt Instrument [Line Items]
Total debt, principal amount	$ 500	0
Interest rate	4.65%
Unsecured Debt \| 3.90% due August 2027
Debt Instrument [Line Items]
Total debt, principal amount	$ 1,250	1,250
Interest rate	3.90%
Unsecured Debt \| 4.70% due May 2030
Debt Instrument [Line Items]
Total debt, principal amount	$ 750	0
Interest rate	4.70%
Unsecured Debt \| VMware Term Loan Facility
Debt Instrument [Line Items]
Total debt, principal amount	$ 0	1,500
Other
Debt Instrument [Line Items]
Total debt, principal amount	222	84
Other \| 2.46% Margin Loan Facility due April 2022
Debt Instrument [Line Items]
Total debt, principal amount	$ 4,000	$ 4,000
Interest rate at period end	2.46%

DEBT - Additional Information (Details) - USD ($)	9 Months Ended
DEBT - Additional Information (Details) - USD ($)	Oct. 30, 2020	Nov. 01, 2019	Apr. 09, 2020	Apr. 07, 2020	Mar. 20, 2019	Jun. 22, 2016	Jun. 01, 2016
Debt Instrument [Line Items]
Repayments of debt	$ 17,244,000,000	$ 18,948,000,000
Proceeds from debt	14,772,000,000	$ 17,656,000,000
VMware Term Loan Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Repayments of debt	1,500,000,000
Secured Debt
Debt Instrument [Line Items]
Aggregate principal amount					$ 4,500,000,000		$ 20,000,000,000.0
Secured Debt \| 4.42% due June 2021
Debt Instrument [Line Items]
Retirement of debt	4,500,000,000
Repayments of debt	$ 4,265,000,000
Interest rate	4.42%
Open market repurchase	$ 235,000,000
Secured Debt \| Notes Due April 9, 2020
Debt Instrument [Line Items]
Aggregate principal amount			$ 2,250,000,000
Secured Debt \| DFS Debt
Debt Instrument [Line Items]
Proceeds from debt	1,400,000,000
Unsecured Debt
Debt Instrument [Line Items]
Aggregate principal amount						$ 3,250,000,000
Unsecured Debt \| 2.650% due June 2020
Debt Instrument [Line Items]
Repayments of debt	$ 600,000,000
Interest rate	2.65%
Aggregate principal amount	$ 229,000,000
Unsecured Debt \| 2.30% due August 2020
Debt Instrument [Line Items]
Repayments of debt	$ 1,250,000,000
Interest rate	2.30%
Unsecured Debt \| VMware Notes
Debt Instrument [Line Items]
Aggregate principal amount				$ 2,000,000,000.0

DEBT - Secured Debt Narrative (Details)			3 Months Ended	9 Months Ended
DEBT - Secured Debt Narrative (Details)	May 25, 2020 CNY (¥)	Jun. 01, 2016 USD ($)	May 01, 2020	Oct. 30, 2020 USD ($)	Apr. 09, 2020 USD ($)	Jan. 31, 2020 USD ($)	Mar. 20, 2019 USD ($)	Sep. 12, 2017 USD ($)
Secured Debt
Debt Instrument [Line Items]
Aggregate principal amount		$ 20,000,000,000.0					$ 4,500,000,000
Debt, maximum period for registration		5 years
VMware Revolving Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 4,500,000,000				$ 1,000,000,000.0
Senior Secured Credit Facilities \| Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity				500,000,000
Senior Secured Credit Facilities \| Other
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 400,000,000
Term Loan B-1 Facility \| Secured Debt \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate				2.00%
Term Loan B-1 Facility \| Secured Debt \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate				1.00%
Term Loan B-1 Facility \| Line of Credit
Debt Instrument [Line Items]
Annual principal amortization				1.00%
Term Loan A-4 Facility And Term Loan A-6 Facility \| Secured Debt \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.25%
Term Loan A-4 Facility And Term Loan A-6 Facility \| Secured Debt \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				2.00%
Term Loan A-4 Facility And Term Loan A-6 Facility \| Secured Debt \| Base Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				0.25%
Term Loan A-4 Facility And Term Loan A-6 Facility \| Secured Debt \| Base Rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				1.00%
1.90% Term Loan A-4 Facility due December 2023 \| Line of Credit \| First Four Years After December 20, 2018
Debt Instrument [Line Items]
Annual principal amortization				5.00%
1.90% Term Loan A-4 Facility due December 2023 \| Line of Credit \| Fifth Year After December 20, 2018
Debt Instrument [Line Items]
Annual principal amortization				80.00%
Term Loan A-6 Facility \| Other
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 4,000,000,000.0
Term Loan A-6 Facility \| Line of Credit \| First Four Years After March 13, 2019
Debt Instrument [Line Items]
Annual principal amortization				5.00%
Term Loan A-6 Facility \| Line of Credit \| Fifth Year After March 13, 2019
Debt Instrument [Line Items]
Annual principal amortization				80.00%
3.33% Revolving Credit Facility due September 2021 \| Secured Debt
Debt Instrument [Line Items]
Debt instrument, collateral, percent of capital stock of borrowers				100.00%
Notes Due April 9, 2020 \| Secured Debt
Debt Instrument [Line Items]
Aggregate principal amount					$ 2,250,000,000
China Revolving Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 500,000,000
China Revolving Credit Facility \| Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate			0.60%
China Revolving Credit Facility \| Revolving Credit Facility \| Collateralized debt
Debt Instrument [Line Items]
Maximum borrowing capacity \| ¥	¥ 1,000,000,000.0
China Revolving Credit Facility \| Revolving Credit Facility \| Collateralized debt \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
China Revolving Credit Facility \| Revolving Credit Facility \| Collateralized debt \| LPR
Debt Instrument [Line Items]
Basis spread on variable rate	0.20%
China Revolving Credit Facility \| Revolving Credit Facility \| Non-collateralized debt
Debt Instrument [Line Items]
Maximum borrowing capacity \| ¥	¥ 1,800,000,000
China Revolving Credit Facility \| Revolving Credit Facility \| Non-collateralized debt \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.40%
China Revolving Credit Facility \| Revolving Credit Facility \| Non-collateralized debt \| LPR
Debt Instrument [Line Items]
Basis spread on variable rate	0.20%

DEBT - Unsecured Debt Narrative (Details)	Sep. 12, 2017 USD ($) option_period	Oct. 30, 2020 USD ($)	Apr. 07, 2020 USD ($)	Jan. 31, 2020 USD ($)	Sep. 26, 2019 USD ($)	Aug. 21, 2017 USD ($)	Sep. 07, 2016 USD ($)	Jun. 22, 2016 USD ($)
Debt Instrument [Line Items]
Total debt, principal amount		$ 50,411,000,000		$ 52,665,000,000
VMware Notes and VMware Term Loan Facility
Debt Instrument [Line Items]
Total debt, principal amount		4,750,000,000
Revolving Credit Facility \| VMware Revolving Credit Facility
Debt Instrument [Line Items]
Total debt, principal amount		0
Maximum borrowing capacity	$ 1,000,000,000.0	4,500,000,000
Debt instrument, term	5 years
Number of extension periods \| option_period	2
Conditional extension period	1 year
Revolving Credit Facility \| VMware Term Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 2,000,000,000.0
Unsecured Debt
Debt Instrument [Line Items]
Aggregate principal amount								$ 3,250,000,000
Unsecured Debt \| 1.875% due June 2018
Debt Instrument [Line Items]
Total debt, principal amount							$ 2,500,000,000
Interest rate							1.875%
Unsecured Debt \| 2.650% due June 2020
Debt Instrument [Line Items]
Aggregate principal amount		229,000,000
Total debt, principal amount		$ 0		600,000,000			$ 2,000,000,000.0
Interest rate		2.65%
Unsecured Debt \| 3.375% due June 2023
Debt Instrument [Line Items]
Total debt, principal amount		$ 1,000,000,000		1,000,000,000			$ 1,000,000,000.0
Interest rate		3.375%
Unsecured Debt \| VMware Notes and VMware Term Loan Facility
Debt Instrument [Line Items]
Aggregate principal amount			$ 2,000,000,000.0
Unsecured Debt \| VMware Term Loan Facility
Debt Instrument [Line Items]
Total debt, principal amount		$ 0		$ 1,500,000,000
Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount						$ 4,000,000,000.0

DEBT - Other Narrative (Details) - Other - USD ($) shares in Millions	Apr. 12, 2017	May 01, 2020	Jan. 31, 2020	Dec. 20, 2018
2.46% Margin Loan Facility due April 2022
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 2,000,000,000.0			$ 3,350,000,000
2.46% Margin Loan Facility due April 2022 \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
2.46% Margin Loan Facility due April 2022 \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%
Term Loan A-6 Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 4,000,000,000.0
Class B \| 2.46% Margin Loan Facility due April 2022
Debt Instrument [Line Items]
Debt instrument, collateral (in shares)		76
Class A \| 2.46% Margin Loan Facility due April 2022
Debt Instrument [Line Items]
Debt instrument, collateral (in shares)		24

DEBT - Aggregate Future Maturities (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Total maturities, principal amount
2021 (remaining three months)	$ 2,015
2022	5,140
2023	8,452
2024	8,896
2025	3,372
Thereafter	22,536
Total debt, principal amount	50,411	$ 52,665
Associated carrying value adjustments
2021 (remaining three months)	(1)
2022	(10)
2023	(14)
2024	(38)
2025	(83)
Thereafter	(404)
Total	(550)
Total maturities, carrying value amount
2021 (remaining three months)	2,014
2022	5,130
2023	8,438
2024	8,858
2025	3,289
Thereafter	22,132
Total debt, carrying value	49,861	$ 52,056
Senior Secured Credit Facilities and First Lien Notes
Total maturities, principal amount
2021 (remaining three months)	0
2022	172
2023	286
2024	7,384
2025	1,047
Thereafter	18,297
Total debt, principal amount	27,186
Unsecured Notes and Debentures
Total maturities, principal amount
2021 (remaining three months)	0
2022	400
2023	0
2024	0
2025	0
Thereafter	952
Total debt, principal amount	1,352
Senior Notes and EMC Notes
Total maturities, principal amount
2021 (remaining three months)	0
2022	1,075
2023	0
2024	1,000
2025	1,625
Thereafter	0
Total debt, principal amount	3,700
VMware Notes
Total maturities, principal amount
2021 (remaining three months)	0
2022	0
2023	1,500
2024	0
2025	0
Thereafter	3,250
Total debt, principal amount	4,750
DFS Debt
Total maturities, principal amount
2021 (remaining three months)	2,012
2022	3,481
2023	2,654
2024	356
2025	692
Thereafter	6
Total debt, principal amount	9,201
Margin Loan Facility
Total maturities, principal amount
2021 (remaining three months)	0
2022	0
2023	4,000
2024	0
2025	0
Thereafter	0
Total debt, principal amount	4,000
Other
Total maturities, principal amount
2021 (remaining three months)	3
2022	12
2023	12
2024	156
2025	8
Thereafter	31
Total debt, principal amount	$ 222

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Narrative) (Details)	9 Months Ended
	Oct. 30, 2020
Foreign Exchange Forward and Option \| Designated as cash flow hedging instruments
Derivative [Line Items]
Term of derivative contract	12 months
Foreign Exchange Forward \| Not Designated as Hedging Instrument
Derivative [Line Items]
Term of derivative contract	3 months
Foreign Exchange Forward \| Not Designated as Hedging Instrument \| Financing receivables
Derivative [Line Items]
Term of derivative contract	3 years
Interest Rate Swap \| Not Designated as Hedging Instrument
Derivative [Line Items]
Term of derivative contract	5 years
Interest Rate Swap \| Not Designated as Hedging Instrument \| Structured financing debt
Derivative [Line Items]
Term of derivative contract	3 years
Cross Currency Interest Rate Contract \| Not Designated as Hedging Instrument
Derivative [Line Items]
Term of derivative contract	5 years

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amounts of Outstanding Derivative Instruments (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Foreign exchange contracts
Derivative [Line Items]
Notional amount	$ 15,244	$ 16,414
Foreign exchange contracts \| Designated as cash flow hedging instruments
Derivative [Line Items]
Notional amount	6,436	8,703
Foreign exchange contracts \| Non-designated as hedging instruments
Derivative [Line Items]
Notional amount	8,808	7,711
Interest rate contracts \| Non-designated as hedging instruments
Derivative [Line Items]
Notional amount	$ 5,164	$ 4,043

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effect of Derivative Instruments on the Condensed Consolidated Statements of Financial Position and the Condensed Consolidated Statements of Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives	$ 45	$ (47)	$ (45)	$ 210
Gain (Loss) Reclassified from Accumulated OCI into Income	(84)	71	24	197
Gain (Loss) Recognized in Income	(126)	14	44	(67)
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives	45	(47)	(45)	210
Foreign exchange contracts \| Total net revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(88)	71	17	197
Foreign exchange contracts \| Total cost of net revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	4	0	7	0
Foreign exchange contracts \| Interest and other, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income	(127)	13	87	(46)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives	0	0	0	0
Interest rate contracts \| Interest and other, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	0	0	0	0
Gain (Loss) Recognized in Income	$ 1	$ 1	$ (43)	$ (21)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Value of Derivative Instruments in the Condensed Consolidated Statements of Financial Position (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Derivatives, Fair Value [Line Items]
Asset position	$ 209	$ 299
Liability position	(338)	(286)
Gross Amounts of Recognized Assets/ (Liabilities)	(129)	13
Other Current Assets
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	40	80
Other Non- Current Assets
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	12	1
Other Current Liabilities
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	(149)	(30)
Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	(32)	(38)
Designated as cash flow hedging instruments
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	68	118
Designated as cash flow hedging instruments \| Other Current Assets
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	22	106
Designated as cash flow hedging instruments \| Other Non- Current Assets
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	0	0
Designated as cash flow hedging instruments \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	46	12
Designated as cash flow hedging instruments \| Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	0	0
Designated as cash flow hedging instruments \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset position	81	123
Liability position	(13)	(5)
Designated as cash flow hedging instruments \| Foreign exchange contracts \| Other Current Assets
Derivatives, Fair Value [Line Items]
Asset position	22	108
Liability position	0	(2)
Designated as cash flow hedging instruments \| Foreign exchange contracts \| Other Non- Current Assets
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	0	0
Designated as cash flow hedging instruments \| Foreign exchange contracts \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	59	15
Liability position	(13)	(3)
Designated as cash flow hedging instruments \| Foreign exchange contracts \| Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	0	0
Non-designated as hedging instruments
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	(197)	(105)
Non-designated as hedging instruments \| Other Current Assets
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	18	(26)
Non-designated as hedging instruments \| Other Non- Current Assets
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	12	1
Non-designated as hedging instruments \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	(195)	(42)
Non-designated as hedging instruments \| Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Gross Amounts of Recognized Assets/ (Liabilities)	(32)	(38)
Non-designated as hedging instruments \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset position	117	175
Liability position	(295)	(249)
Non-designated as hedging instruments \| Foreign exchange contracts \| Other Current Assets
Derivatives, Fair Value [Line Items]
Asset position	37	136
Liability position	(19)	(162)
Non-designated as hedging instruments \| Foreign exchange contracts \| Other Non- Current Assets
Derivatives, Fair Value [Line Items]
Asset position	1	0
Liability position	0	0
Non-designated as hedging instruments \| Foreign exchange contracts \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	79	39
Liability position	(274)	(81)
Non-designated as hedging instruments \| Foreign exchange contracts \| Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	(2)	(6)
Non-designated as hedging instruments \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset position	11	1
Liability position	(30)	(32)
Non-designated as hedging instruments \| Interest rate contracts \| Other Current Assets
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	0	0
Non-designated as hedging instruments \| Interest rate contracts \| Other Non- Current Assets
Derivatives, Fair Value [Line Items]
Asset position	11	1
Liability position	0	0
Non-designated as hedging instruments \| Interest rate contracts \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	0	0
Non-designated as hedging instruments \| Interest rate contracts \| Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	$ (30)	$ (32)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Gross amounts of derivative instruments, amounts offset due to master netting agreements (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Financial assets
Gross Amounts of Recognized Assets/ (Liabilities)	$ 209	$ 299
Gross Amounts Offset in the Statement of Financial Position	(157)	(218)
Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position	52	81
Financial Instruments	0	0
Cash Collateral Received or Pledged	0	0
Net Amount	52	81
Financial liabilities
Gross Amounts of Recognized Assets/ (Liabilities)	(338)	(286)
Gross Amounts Offset in the Statement of Financial Position	157	218
Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position	(181)	(68)
Financial Instruments	0	0
Cash Collateral Received or Pledged	(4)	15
Net Amount	(185)	(53)
Total derivative instruments
Gross Amounts of Recognized Assets/ (Liabilities)	(129)	13
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts of Assets/ (Liabilities) Presented in the Statement of Financial Position	(129)	13
Financial Instruments	0	0
Cash Collateral Received or Pledged	(4)	15
Net Amount	$ (133)	$ 28

BUSINESS COMBINATIONS, GOODWILL AND INTANGIBLE ASSETS - VMware Acquisitions (Details)	3 Months Ended			9 Months Ended
	Oct. 30, 2020 USD ($)	Jul. 31, 2020 USD ($)	May 01, 2020 USD ($)	Oct. 30, 2020 USD ($) acquisition	Nov. 01, 2019 USD ($)	Jan. 31, 2020 USD ($)
Business Acquisition [Line Items]
Payments to acquire businesses, net				$ (2,187,000,000)	$ 3,000,000
Goodwill	$ 40,643,000,000			40,643,000,000		$ 41,691,000,000
VMware
Business Acquisition [Line Items]
Goodwill	20,762,000,000			20,762,000,000		$ 20,532,000,000
VMware \| SaltStack
Business Acquisition [Line Items]
Payments to acquire businesses, net	51,000,000
Intangible assets	29,000,000			29,000,000
Goodwill	24,000,000			24,000,000
Goodwill, expected tax deductible amount	$ 0			0
Weighted-average useful lives	3 years
VMware \| Datrium
Business Acquisition [Line Items]
Payments to acquire businesses, net		$ 137,000,000
Intangible assets		25,000,000
Goodwill		91,000,000
Goodwill, expected tax deductible amount		$ 0
VMware \| Datrium \| Technology \| Minimum
Business Acquisition [Line Items]
Weighted-average useful lives		3 years
VMware \| Datrium \| Technology \| Maximum
Business Acquisition [Line Items]
Weighted-average useful lives		5 years
VMware \| Lastline, Inc.
Business Acquisition [Line Items]
Payments to acquire businesses, net		$ 114,000,000
Intangible assets		29,000,000
Goodwill		86,000,000
Goodwill, expected tax deductible amount		$ 0
VMware \| Lastline, Inc. \| Technology \| Minimum
Business Acquisition [Line Items]
Weighted-average useful lives		1 year
VMware \| Lastline, Inc. \| Technology \| Maximum
Business Acquisition [Line Items]
Weighted-average useful lives		4 years
VMware \| Nyansa, Inc
Business Acquisition [Line Items]
Payments to acquire businesses, net			$ 14,000,000
Intangible assets			38,000,000
Goodwill			24,000,000
Goodwill, expected tax deductible amount			$ 0
VMware \| Nyansa, Inc \| Technology \| Minimum
Business Acquisition [Line Items]
Weighted-average useful lives			1 year
VMware \| Nyansa, Inc \| Technology \| Maximum
Business Acquisition [Line Items]
Weighted-average useful lives			4 years
VMware \| Fiscal 2021 Acquisitions
Business Acquisition [Line Items]
Payments to acquire businesses, net				44,000,000
Intangible assets	$ 35,000,000			35,000,000
Goodwill	16,000,000			16,000,000
Goodwill, expected tax deductible amount	$ 24,000,000			$ 24,000,000
Number of completed acquisitions \| acquisition				3
VMware \| Fiscal 2021 Acquisitions \| Technology \| Minimum
Business Acquisition [Line Items]
Weighted-average useful lives				1 year
VMware \| Fiscal 2021 Acquisitions \| Technology \| Maximum
Business Acquisition [Line Items]
Weighted-average useful lives				5 years

BUSINESS COMBINATIONS, GOODWILL AND INTANGIBLE ASSETS - Goodwill (Details) $ in Millions	9 Months Ended
	Oct. 30, 2020 USD ($)
Goodwill [Roll Forward]
Goodwill	$ 41,691
Goodwill acquired	238
Impact of foreign currency translation	99
Goodwill divested	(1,385)
Goodwill	40,643
Infrastructure Solutions Group
Goodwill [Roll Forward]
Goodwill	15,089
Goodwill acquired	0
Impact of foreign currency translation	90
Goodwill divested	0
Goodwill	15,179
Client Solutions Group
Goodwill [Roll Forward]
Goodwill	4,237
Goodwill acquired	0
Impact of foreign currency translation	0
Goodwill divested	0
Goodwill	4,237
VMware
Goodwill [Roll Forward]
Goodwill	20,532
Goodwill acquired	230
Impact of foreign currency translation	0
Goodwill divested	0
Goodwill	20,762
Other Businesses
Goodwill [Roll Forward]
Goodwill	1,833
Goodwill acquired	8
Impact of foreign currency translation	9
Goodwill divested	(1,385)
Goodwill	$ 465

BUSINESS COMBINATIONS, GOODWILL AND INTANGIBLE ASSETS - Goodwill Impairment Tests (Details) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Oct. 30, 2020	Oct. 30, 2020	Nov. 01, 2019	Jan. 31, 2020	Feb. 01, 2019
Business Acquisition [Line Items]
Impairment charges related to intangible assets acquired	$ 0	$ 0	$ 266,000,000
Other Businesses \| Virtustream
Business Acquisition [Line Items]
Impairments			$ 619,000,000	$ 619,000,000	$ 190,000,000
Goodwill impairment				207,000,000
Impairment of property plant and equipment				$ 146,000,000

BUSINESS COMBINATIONS, GOODWILL AND INTANGIBLE ASSETS - Intangible Assets (Details) - USD ($)	3 Months Ended			9 Months Ended
	Oct. 30, 2020	May 01, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019	Jan. 31, 2020
Business Acquisition [Line Items]
Gross	$ 39,149,000,000			$ 39,149,000,000		$ 39,963,000,000
Accumulated Amortization	(27,647,000,000)			(27,647,000,000)		(25,611,000,000)
Total	11,502,000,000			11,502,000,000		14,352,000,000
Total intangible assets	42,904,000,000			42,904,000,000		43,718,000,000
Intangible assets, net	15,257,000,000			15,257,000,000		18,107,000,000
Amortization expense	800,000,000		$ 1,100,000,000	2,500,000,000	$ 3,300,000,000
Impairment charges related to intangible assets acquired	0			0	$ 266,000,000
Gain on sale of assets		$ 120,000,000
Customer relationships
Business Acquisition [Line Items]
Gross	22,399,000,000			22,399,000,000		22,950,000,000
Accumulated Amortization	(15,004,000,000)			(15,004,000,000)		(13,821,000,000)
Total	7,395,000,000			7,395,000,000		9,129,000,000
Developed technology
Business Acquisition [Line Items]
Gross	15,484,000,000			15,484,000,000		15,707,000,000
Accumulated Amortization	(11,758,000,000)			(11,758,000,000)		(10,974,000,000)
Total	3,726,000,000			3,726,000,000		4,733,000,000
Trade names
Business Acquisition [Line Items]
Gross	1,266,000,000			1,266,000,000		1,306,000,000
Accumulated Amortization	(885,000,000)			(885,000,000)		(816,000,000)
Total	381,000,000			381,000,000		490,000,000
Trade names
Business Acquisition [Line Items]
Indefinite-lived trade names	$ 3,755,000,000			$ 3,755,000,000		$ 3,755,000,000

BUSINESS COMBINATIONS, GOODWILL AND INTANGIBLE ASSETS - Amortization Expense (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2021 (remaining three months)	$ 846
2022	2,698
2023	1,820
2024	1,451
2025	1,101
Thereafter	3,586
Total	$ 11,502	$ 14,352

DEFERRED REVENUE - Changes in Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019	Jan. 31, 2020
Deferred revenue:
Deferred revenue at beginning of period	$ 28,791	$ 25,348	$ 27,800	$ 24,010
Revenue deferrals	5,432	5,326	17,560	16,201
Revenue recognized	(5,542)	(4,922)	(16,418)	(14,459)
Other	0	151	(261)	151
Deferred revenue at end of period	28,681	25,903	28,681	25,903
Short-term deferred revenue	15,259	13,787	15,259	13,787	$ 14,881
Long-term deferred revenue	$ 13,422	$ 12,116	$ 13,422	$ 12,116	$ 12,919

DEFERRED REVENUE - Remaining Performance Obligation, Expected Timing (Details) $ in Billions	Oct. 30, 2020 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation, amount	$ 38
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	63.00%
Deferred revenue recognition period	12 months

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions							9 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Mar. 23, 2020 patent	Dec. 30, 2019 plaintiff	Oct. 22, 2019 patent	Aug. 20, 2019 patent	May 06, 2019 patent	Apr. 25, 2019 trademark patent	Oct. 30, 2020 USD ($) plaintiff
Class V Transaction Class Action Case
Loss Contingencies [Line Items]
Number of stockholders \| plaintiff							4
Cirba Inc Versus VMware, Inc
Loss Contingencies [Line Items]
Patents allegedly infringed \| patent	1			4	1	2
Trademarks allegedly infringed \| trademark						3
Amount awarded to other party \| $							$ 237
VMware Inc Versus Cirba Inc
Loss Contingencies [Line Items]
Patents allegedly infringed \| patent			4
Class Actions VMware, Inc.’s Acquisition Of Pivotal Software
Loss Contingencies [Line Items]
Number of stockholders \| plaintiff		2

INCOME AND OTHER TAXES - Narrative (Details) - USD ($) $ in Millions			3 Months Ended		9 Months Ended
	Sep. 01, 2020	Aug. 03, 2020	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019	Jan. 31, 2020
Income Tax Contingency [Line Items]
Effective income tax rate			37.20%	(247.20%)	(6.10%)	5482.10%
Pre-tax gains (losses)			$ 1,402	$ 159	$ 2,038	$ (95)
Discrete tax benefit from audit settlement				$ 305	746	305
Discrete tax benefit from intra-entity asset transfer					59	$ 4,900
Payment for tax settlement		$ 435
Unrecognized tax benefits			$ 1,400		$ 1,400		$ 2,500
Held-for-sale \| RSA Security
Income Tax Contingency [Line Items]
Tax expense from sale	$ 359

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Changes in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
AOCI [Roll Forward]
Balance, beginning of period	$ 4,558	$ 3,095	$ 3,155	$ (942)
Other comprehensive income (loss) before reclassifications			177
Amounts reclassified from accumulated other comprehensive income (loss)			(21)
Total change for the period	108	(68)	156	(165)
Less: Change in comprehensive income (loss) attributable to non-controlling interests	1	(1)	0	0
Balance, end of period	5,939	3,877	5,939	3,877
Accumulated Other Comprehensive Income (Loss)
AOCI [Roll Forward]
Balance, beginning of period	(660)	(565)	(709)	(467)
Total change for the period			156
Balance, end of period	(553)	$ (632)	(553)	$ (632)
Foreign Currency Translation Adjustments
AOCI [Roll Forward]
Balance, beginning of period			(678)
Balance, end of period	(435)		(435)
Cash Flow Hedges
AOCI [Roll Forward]
Balance, beginning of period			14
Balance, end of period	(55)		(55)
Pension and Other Postretirement Plans
AOCI [Roll Forward]
Balance, beginning of period			(45)
Balance, end of period	$ (63)		(63)
Foreign Currency Translation Adjustments Including Portion Attributable to Noncontrolling Interest
AOCI [Roll Forward]
Other comprehensive income (loss) before reclassifications			243
Amounts reclassified from accumulated other comprehensive income (loss)			0
Total change for the period			243
Cash Flow Hedges Including Portion Attributable to Noncontrolling Interests
AOCI [Roll Forward]
Other comprehensive income (loss) before reclassifications			(45)
Amounts reclassified from accumulated other comprehensive income (loss)			(24)
Total change for the period			(69)
Pensions
AOCI [Roll Forward]
Other comprehensive income (loss) before reclassifications			(21)
Amounts reclassified from accumulated other comprehensive income (loss)			3
Total change for the period			(18)
Foreign Currency Translation Adjustments Portion Attributable to Noncontrolling Interest
AOCI [Roll Forward]
Less: Change in comprehensive income (loss) attributable to non-controlling interests			0
Cash Flow Hedges Attributable to Noncontrolling Interests
AOCI [Roll Forward]
Less: Change in comprehensive income (loss) attributable to non-controlling interests			0
Pension and Other Postretirement Plans Portion Attributable to Noncontrolling Interest
AOCI [Roll Forward]
Less: Change in comprehensive income (loss) attributable to non-controlling interests			$ 0

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax, to Net Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net revenue	$ 23,482	$ 22,844	$ 68,112	$ 68,122
Cost of net revenue	(16,221)	(15,718)	(46,842)	(46,873)
Operating expenses	6,132	6,290	18,303	19,344
Total reclassifications, net of tax	881	552	2,162	5,113
Total reclassifications, net of tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net revenue	(88)	71	17	197
Cost of net revenue	4	0	7	0
Operating expenses	1	0	(3)	0
Total reclassifications, net of tax	(83)	71	21	197
Total reclassifications, net of tax \| Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net revenue	(88)	71	17	197
Cost of net revenue	4	0	7	0
Operating expenses	0	0	0	0
Total reclassifications, net of tax	(84)	71	24	197
Total reclassifications, net of tax \| Pensions
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net revenue	0	0	0	0
Cost of net revenue	0	0	0	0
Operating expenses	1	0	(3)	0
Total reclassifications, net of tax	$ 1	$ 0	$ (3)	$ 0

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

NON-CONTROLLING INTERESTS - Additional Information (Narrative) (Details) - USD ($)	Oct. 30, 2020	Jul. 31, 2020	Jan. 31, 2020	Nov. 01, 2019	Aug. 02, 2019	Feb. 01, 2019
Noncontrolling Interest [Line Items]
Non-controlling interests	$ 5,939,000,000	$ 4,558,000,000	$ 3,155,000,000	$ 3,877,000,000	$ 3,095,000,000	$ (942,000,000)
Non-controlling interests
Noncontrolling Interest [Line Items]
Non-controlling interests	$ 5,056,000,000	$ 4,977,000,000	$ 4,729,000,000	$ 5,681,000,000	$ 5,544,000,000	$ 4,823,000,000
VMware, Inc.
Noncontrolling Interest [Line Items]
Outstanding equity interest held	80.40%		80.90%
VMware, Inc. \| Non-controlling interests
Noncontrolling Interest [Line Items]
Non-controlling interests	$ 5,000,000,000.0		$ 4,600,000,000
Pivotal \| Non-controlling interests
Noncontrolling Interest [Line Items]
Non-controlling interests	$ 0		$ 0
SecureWorks
Noncontrolling Interest [Line Items]
Outstanding equity interest held	85.90%		86.80%
Outstanding equity interest, including RSAs	85.10%		86.20%
SecureWorks \| Non-controlling interests
Noncontrolling Interest [Line Items]
Non-controlling interests	$ 94,000,000		$ 88,000,000

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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+ Details

NON-CONTROLLING INTERESTS - Effect of Changes in Ownership Interests of Less than Wholly Owned Subsidiaries (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Noncontrolling Interest [Abstract]
Net income attributable to Dell Technologies Inc.	$ 832	$ 499	$ 2,023	$ 4,208
Transfers (to)/from the non-controlling interests:
Increase in Dell Technologies Inc. additional paid-in-capital for equity issuances and other equity activity			774
Decrease in Dell Technologies Inc. additional paid-in-capital for equity issuances and other equity activity			(704)
Net transfers to non-controlling interests			70
Change from net income attributable to Dell Technologies Inc. and transfers to the non-controlling interests			$ 2,093

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

CAPITALIZATION - Schedule of Stock by Class (Details) - shares	Oct. 30, 2020	Jan. 31, 2020
Class of Stock [Line Items]
Authorized (in shares)	9,143,000,000	9,143,000,000
Issued (in shares)	757,000,000	745,000,000
Outstanding shares (in shares)	749,000,000	743,000,000
Class A
Class of Stock [Line Items]
Authorized (in shares)	600,000,000	600,000,000
Issued (in shares)	385,000,000	385,000,000
Outstanding shares (in shares)	385,000,000	385,000,000
Class B
Class of Stock [Line Items]
Authorized (in shares)	200,000,000	200,000,000
Issued (in shares)	102,000,000	102,000,000
Outstanding shares (in shares)	102,000,000	102,000,000
Class C
Class of Stock [Line Items]
Authorized (in shares)	7,900,000,000	7,900,000,000
Issued (in shares)	270,000,000	258,000,000
Outstanding shares (in shares)	262,000,000	256,000,000
Class D
Class of Stock [Line Items]
Authorized (in shares)	100,000,000	100,000,000
Issued (in shares)	0	0
Outstanding shares (in shares)	0	0
Class V
Class of Stock [Line Items]
Authorized (in shares)	343,000,000	343,000,000
Issued (in shares)	0	0
Outstanding shares (in shares)	0	0

CAPITALIZATION - Preferred Stock Narrative (Details) - $ / shares	Oct. 30, 2020	Jan. 31, 2020
Equity [Abstract]
Preferred stock, authorized (in shares)	1,000,000
Preferred stock, par value (in dollars per share)	$ 0.01
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

CAPITALIZATION - Common Stock Narrative (Details)	9 Months Ended
CAPITALIZATION - Common Stock Narrative (Details)	Oct. 30, 2020 votes $ / shares shares	Jan. 31, 2020 $ / shares
Class of Stock [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 0.01	$ 0.01
Class A
Class of Stock [Line Items]
Number of voting interests per share	10
Class B
Class of Stock [Line Items]
Number of voting interests per share	10
Class C
Class of Stock [Line Items]
Number of voting interests per share	1
Conversion of Stock, Shares Issued \| shares	72,727
Class D
Class of Stock [Line Items]
Number of voting interests per share	1

CAPITALIZATION - Repurchases of Common Stock Narrative (Details) - USD ($) shares in Millions		9 Months Ended
	Feb. 24, 2020	Oct. 30, 2020	Nov. 01, 2019	Jul. 15, 2020	May 29, 2019
Class of Stock [Line Items]
Stock repurchases, remaining authorized amount		$ 1,400,000,000
Aggregate purchase price		240,000,000	$ 2,000,000
Class C
Class of Stock [Line Items]
Stock repurchases, authorized amount	$ 1,000,000,000.0
Stock repurchase program, term	24 months
Stock repurchases, remaining authorized amount		$ 760,000,000
Shares repurchased (in shares)		6.0
Aggregate purchase price		$ 240,000,000
Class A
Class of Stock [Line Items]
Stock repurchases, authorized amount				$ 1,000,000,000.0
Shares repurchased (in shares)		4.2	7.3
Aggregate purchase price		$ 566,000,000	$ 1,300,000,000
Shares withheld for tax withholding obligation		$ 315,000,000	442,000,000
Class A \| Accumulated Deficit
Class of Stock [Line Items]
Aggregate purchase price			$ 200,000,000
Class A \| January 2017 and August 2017 Authorizations
Class of Stock [Line Items]
Stock repurchases, authorized amount					$ 1,500,000,000

EARNINGS PER SHARE - Schedule of Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Earnings Per Share [Abstract]
Earnings (loss) per share - basic (in dollars per share)	$ 1.11	$ 0.69	$ 2.73	$ 5.84
Earnings (loss) per share - diluted (in dollars per share)	$ 1.08	$ 0.66	$ 2.64	$ 5.50
Numerator: Continuing operations
Net income attributable to Dell Technologies — basic	$ 832	$ 499	$ 2,023	$ 4,208
Incremental dilution from VMware	(3)	(6)	(8)	(81)
Net income (loss) - diluted	$ 829	$ 493	$ 2,015	$ 4,127
Denominator: weighted-average shares outstanding
Weighted-average shares outstanding - basic (in shares)	747	725	742	720
Dilutive effect of options, restricted stock units, restricted stock, and other (in shares)	24	25	22	30
Weighted-average shares outstanding - diluted (in shares)	771	750	764	750
Weighted-average shares outstanding - antidilutive (in shares)	0	0	1	0

REDEEMABLE SHARES (Details) - USD ($) shares in Millions, $ in Millions	9 Months Ended
	Oct. 30, 2020	Jan. 31, 2020
Temporary Equity [Line Items]
Holding period	6 months
Expiration period	2 years
Redeemable shares classified as temporary equity	$ 527	$ 629
RSUs
Temporary Equity [Line Items]
Redeemable shares outstanding (in shares)	0	1
Redeemable shares issued (in shares)	0	1
RSAs
Temporary Equity [Line Items]
Redeemable shares outstanding (in shares)	0	0
Redeemable shares issued (in shares)	0	0
Employee Stock Option
Temporary Equity [Line Items]
Redeemable shares outstanding (in shares)	9	15
Redeemable shares issued (in shares)	9	15
Common Stock
Temporary Equity [Line Items]
Redeemable shares outstanding (in shares)	2	2
Redeemable shares issued (in shares)	2	2

SEGMENT INFORMATION - Additional Information (Narrative) (Details)	9 Months Ended
	Oct. 30, 2020 segments
Segment Reporting [Abstract]
Number of reportable segments	3

SEGMENT INFORMATION - Reconciliation of net revenue by reportable segments to consolidated net revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019	Jan. 31, 2020	Feb. 01, 2019
Segment Reporting Information [Line Items]
Total net revenue	$ 23,482	$ 22,844	$ 68,112	$ 68,122
Consolidated operating income (loss)	1,129	836	2,967	1,905
Amortization of intangibles	(800)	(1,100)	(2,500)	(3,300)
Other businesses \| Virtustream
Segment Reporting Information [Line Items]
Impairments				619	$ 619	$ 190
Operating segments
Segment Reporting Information [Line Items]
Total net revenue	23,203	22,471	66,949	67,060
Consolidated operating income (loss)	2,721	2,444	7,400	7,458
Operating segments \| Infrastructure Solutions Group
Segment Reporting Information [Line Items]
Total net revenue	8,024	8,390	23,800	25,213
Consolidated operating income (loss)	882	996	2,587	2,889
Operating segments \| Client Solutions Group
Segment Reporting Information [Line Items]
Total net revenue	12,286	11,410	34,593	34,068
Consolidated operating income (loss)	1,002	739	2,309	2,514
Operating segments \| VMware
Segment Reporting Information [Line Items]
Total net revenue	2,893	2,671	8,556	7,779
Consolidated operating income (loss)	837	709	2,504	2,055
Operating segments \| Other businesses
Segment Reporting Information [Line Items]
Total net revenue	314	456	1,288	1,311
Consolidated operating income (loss)	3	0	105	(48)
Unallocated transactions
Segment Reporting Information [Line Items]
Total net revenue	4	1	4	1
Consolidated operating income (loss)	1	(2)	(1)	(29)
Other corporate expenses	(214)	(55)	(395)	(792)
Reconciling items
Segment Reporting Information [Line Items]
Total net revenue	(39)	(84)	(129)	(250)
Impact of purchase accounting	(49)	(96)	(165)	(299)
Amortization of intangibles	(845)	(1,057)	(2,547)	(3,334)
Transaction-related expenses	(52)	(76)	(211)	(165)
Stock-based compensation expense	$ (436)	$ (322)	$ (1,219)	$ (886)

SEGMENT INFORMATION - Net revenue and property, plant and equipment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Disaggregation of Revenue [Line Items]
Total net revenue	$ 23,482	$ 22,844	$ 68,112	$ 68,122
Operating segments
Disaggregation of Revenue [Line Items]
Total net revenue	23,203	22,471	66,949	67,060
Operating segments \| Infrastructure Solutions Group
Disaggregation of Revenue [Line Items]
Total net revenue	8,024	8,390	23,800	25,213
Operating segments \| Infrastructure Solutions Group \| Servers and networking
Disaggregation of Revenue [Line Items]
Total net revenue	4,164	4,241	12,118	12,858
Operating segments \| Infrastructure Solutions Group \| Storage
Disaggregation of Revenue [Line Items]
Total net revenue	3,860	4,149	11,682	12,355
Operating segments \| Client Solutions Group
Disaggregation of Revenue [Line Items]
Total net revenue	12,286	11,410	34,593	34,068
Operating segments \| Client Solutions Group \| Commercial
Disaggregation of Revenue [Line Items]
Total net revenue	8,783	8,330	25,456	25,714
Operating segments \| Client Solutions Group \| Consumer
Disaggregation of Revenue [Line Items]
Total net revenue	3,503	3,080	9,137	8,354
Operating segments \| VMware
Disaggregation of Revenue [Line Items]
Total net revenue	$ 2,893	$ 2,671	$ 8,556	$ 7,779

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Information on Selected Accounts (Details) - USD ($) $ in Millions	Oct. 30, 2020	Jan. 31, 2020	Nov. 01, 2019
Cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$ 11,304	$ 9,302
Restricted cash - other current assets	761	730
Restricted cash - other non-current assets	92	119
Total cash, cash equivalents, and restricted cash	12,157	10,151
Inventories, net:
Production materials	1,687	1,590
Work-in-process	710	563
Finished goods	996	1,128
Total inventories, net	3,393	3,281
Other Assets, Noncurrent [Abstract]
Deferred and other tax assets	6,127	5,960
Operating lease right of use (“ROU”) assets	2,179	1,780
Deferred commissions	1,028	998
Other	1,727	1,690
Total other non-current assets	11,061	10,428
Other non-current liabilities:
Deferred and other tax liabilities	2,184	3,110
Non-current operating lease liabilities	1,829	1,360
Warranty liability	130	155	$ 169
Other	1,290	758
Total other non-current liabilities	$ 5,433	$ 5,383

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Trade Receivables — Allowance for Expected Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Oct. 30, 2020	Oct. 30, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 146	$ 94
Provision charged to income statement	(4)	43
Bad debt write-offs	(27)	(49)
Balance at end of period	115	115
Adjustment for adoption of accounting standards
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 0	$ 27

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Warranty Liability (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019	Jan. 31, 2020
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty liability at beginning of period	$ 479	$ 525	$ 496	$ 524
Costs accrued for new warranty contracts and changes in estimated for pre-existing warranties	219	211	573	651
Service obligations honored	(206)	(216)	(577)	(655)
Warranty liability at end of period	492	520	492	520
Current portion	362	351	362	351
Non-current portion	$ 130	$ 169	$ 130	$ 169	$ 155

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Severance Liability (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Restructuring Reserve [Roll Forward]
Severance liability at beginning of period	$ 168	$ 115	$ 196	$ 146
Severance charges to provision	226	44	417	141
Cash paid and other	(181)	(44)	(400)	(172)
Severance liability at end of period	$ 213	$ 115	$ 213	$ 115

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Interest and Other, Net (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Sep. 01, 2020	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Interest and other, net:
Investment income, primarily interest		$ 11	$ 41	$ 47	$ 127
Gain on investments, net		489	18	591	160
Interest expense		(566)	(654)	(1,855)	(2,045)
Foreign exchange		(31)	(43)	(130)	(123)
Other		370	(39)	418	(119)
Total interest and other, net		273	$ (677)	(929)	$ (2,000)
Held-for-sale \| RSA Security
Debt and Equity Securities, FV-NI [Line Items]
Gain on sale	$ 338
Strategic Investments
Debt and Equity Securities, FV-NI [Line Items]
Realized gain on investment		$ 465		$ 465

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Severance Charges (Details) - Employee Severance - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 30, 2020	Nov. 01, 2019	Oct. 30, 2020	Nov. 01, 2019
Restructuring Cost and Reserve [Line Items]
Total severance charges	$ 226	$ 44	$ 417	$ 141
Cost of net revenue
Restructuring Cost and Reserve [Line Items]
Total severance charges	46	0	58	14
Selling, general, and administrative
Restructuring Cost and Reserve [Line Items]
Total severance charges	139	31	308	103
Research and development
Restructuring Cost and Reserve [Line Items]
Total severance charges	$ 41	$ 13	$ 51	$ 24