0001571996-23-000046 | 10-Q | XBRL Viewer

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FINANCIAL SERVICES - DFS Debt (Narrative) (Details) $ in Millions				9 Months Ended
	Oct. 18, 2022 EUR (€)	Oct. 27, 2021 EUR (€)	Jun. 24, 2020 EUR (€)	Nov. 03, 2023 USD ($) facility
U.S.
Debt Instrument [Line Items]
Number of asset-based financing facilities \| facility				2
Note payable
Debt Instrument [Line Items]
Aggregate principal amount				$ 250
Note payable \| Mexican Interbank Equilibrium Interest Rate \| Mexico, Pesos
Debt Instrument [Line Items]
Basis spread on variable rate				4.24%
Secured Debt \| Asset-based financing and securitization facilities \| U.S. \| Finance Leases and Revolving Loan Portfolio Segments
Debt Instrument [Line Items]
Total debt capacity				$ 5,100
Secured Debt \| Asset-based financing and securitization facilities \| International \| Finance Leases and Revolving Loan Portfolio Segments
Debt Instrument [Line Items]
Total debt capacity				$ 850
Secured Debt \| Fixed-term securitization offerings \| Minimum
Debt Instrument [Line Items]
Interest rate				0.53%
Secured Debt \| Fixed-term securitization offerings \| Maximum
Debt Instrument [Line Items]
Interest rate				6.80%
Secured Debt \| Other borrowings \| Canada
Debt Instrument [Line Items]
Total debt capacity				$ 328
Secured Debt \| Other borrowings \| Europe
Debt Instrument [Line Items]
Total debt capacity				531
Secured Debt \| Other borrowings \| Australia and New Zealand
Debt Instrument [Line Items]
Total debt capacity				290
Secured Debt \| Other borrowings \| Middle East
Debt Instrument [Line Items]
Total debt capacity				$ 150
Unsecured Debt \| Dell Bank senior unsecured eurobonds
Debt Instrument [Line Items]
Interest rate	4.50%	0.50%	1.625%
Aggregate principal amount \| €	€ 500,000,000	€ 500,000,000	€ 500,000,000
Debt instrument, term	5 years	5 years	4 years

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Nov. 03, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On November 22, 2023, subsequent to the close of the Company’s third quarter of Fiscal 2024, VMware was acquired by Broadcom Inc. (“Broadcom”). Upon the completion of Broadcom’s acquisition of VMware, Mr. Dell relinquished his direct ownership interest in VMware and his position as Chairman of the Board of VMware, Inc. Mr. Dell’s subsequent ownership interest in Broadcom does not represent control or significant influence to an extent that the transacting parties might be prevented from fully pursuing their own separate interests. As a result, the Company determined that the acquisition terminated the preexisting related party relationship with VMware and that no related party relationship exists with either Broadcom or VMware as of the date of issuance of this report. Other than the matter identified above, there were no known events occurring after November 3, 2023 and up until the date of issuance of this report that would materially affect the information presented herein.

OVERVIEW AND BASIS OF PRESENTATION	9 Months Ended
OVERVIEW AND BASIS OF PRESENTATION	Nov. 03, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
OVERVIEW AND BASIS OF PRESENTATION	OVERVIEW AND BASIS OF PRESENTATION Dell Technologies is a leading global end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a wide range of comprehensive and integrated solutions, products, and services. Dell Technologies offerings include servers and networking, storage, cloud solutions, desktops, notebooks, services, software, and third-party software and peripherals. 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 February 3, 2023. 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 the Company as of November 3, 2023 and February 3, 2023, the results of its operations, corresponding comprehensive income, and changes in stockholders’ equity for the three and nine months ended November 3, 2023 and October 28, 2022, and its cash flows for the nine months ended November 3, 2023 and October 28, 2022. 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. Actual results could differ materially from those estimates. The results of the Company’s operations, corresponding comprehensive income, and changes in stockholders’ equity for the three and nine months ended November 3, 2023 and October 28, 2022, and its cash flows for the nine months ended November 3, 2023 and October 28, 2022 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 February 3, 2023 (“Fiscal 2023”) was a 53-week period while the fiscal year ending February 2, 2024 (“Fiscal 2024”) will be a 52-week period. Principles of Consolidation — These Condensed Consolidated Financial Statements include the accounts of Dell Technologies Inc. and its wholly-owned subsidiaries, and the accounts of SecureWorks Corp. (“Secureworks”), which is majority-owned by Dell Technologies. All intercompany transactions have been eliminated. Secureworks — As of November 3, 2023 and February 3, 2023, the Company held approximately 81.1% and 82.6%, respectively, of the outstanding equity interest in Secureworks. The portion of the results of operations of Secureworks allocable to its other owners is shown as net loss attributable to non-controlling interests in the Condensed Consolidated Statements of Income, as an adjustment to net income attributable to Dell Technologies stockholders. The non-controlling interests’ share of equity in Secureworks is reflected as non-controlling interests in the Condensed Consolidated Statements of Financial Position and was $94 million and $97 million as of November 3, 2023 and February 3, 2023, respectively. Variable Interest Entities — The Company consolidates Variable Interest Entities ("VIEs") where it has been determined that the Company is the primary beneficiary of the applicable entities’ operations. For each VIE, the primary beneficiary is the party that has both the power to direct the activities that most significantly impact the VIE's economic performance and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to such VIE. In evaluating whether the Company is the primary beneficiary of each entity, the Company evaluates its power to direct the most significant activities of the VIE by considering the purpose and design of each entity and the risks each entity was designed to create and pass through to its respective variable interest holders. The Company also evaluates its economic interests in each of the VIEs. See Note 4 of the Notes to the Condensed Consolidated Financial Statements for more information regarding consolidated VIEs. Other Events — On July 12, 2023, the Company entered into a definitive agreement with Comenity Capital Bank, a subsidiary of Bread Financial Holdings, Inc. (“Bread”), to establish a new consumer revolving financing program, operated as the “Dell Pay Credit” program, under which transactions are originated, owned, serviced, and collected by Bread. Under the agreement, the Company also agreed to sell its U.S. consumer revolving customer receivables portfolio. On October 4, 2023, the parties closed the sale for total cash consideration of approximately $390 million and the Company recognized an immaterial gain within the Condensed Consolidated Statements of Income. Upon completion of the sale, the Company derecognized transferred receivables, net of $380 million from the Condensed Consolidated Statements of Financial Position. The Company has no continuing involvement with these receivables, which are serviced by Bread. See Note 4 of the Notes to the Condensed Consolidated Financial Statements for more information.

FINANCIAL SERVICES - Schedule of Future Maturity of Fixed-Term Customer Leases (Details) $ in Millions	Nov. 03, 2023 USD ($)
Lessor, Lease, Description [Line Items]
Fiscal 2024 (remaining three months)	$ 809
Fiscal 2025	2,221
Fiscal 2026	1,712
Fiscal 2027	971
Fiscal 2028 and beyond	388
Total undiscounted cash flows	6,101
Total customer receivables, gross	10,316
Less: Unearned income	(911)
Fixed-term loans
Lessor, Lease, Description [Line Items]
Total customer receivables, gross	4,954
Revolving loans
Lessor, Lease, Description [Line Items]
Total customer receivables, gross	$ 172

COVER - shares	9 Months Ended
COVER - shares	Nov. 03, 2023	Dec. 05, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 03, 2023
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 of $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	--02-02
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class C
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		267,486,909
Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		353,480,523
Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		90,633,679

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions		3 Months Ended			9 Months Ended		12 Months Ended
	Dec. 28, 2018	Nov. 03, 2023	Feb. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022	Feb. 03, 2023
Loss Contingencies [Line Items]
Purchase obligation, fiscal 2024		$ 3,800			$ 3,800
Purchase obligation, fiscal 2025		800			800
Purchase obligation, fiscal 2026 and thereafter		600			600
Litigation settlement expense		$ 0		$ 1,000	$ 0	$ 1,000
Class V Transaction Class Action Case
Loss Contingencies [Line Items]
Cash	$ 14,000
Shares issued (in shares)	149,387,617
Class V Transaction Class Action Case \| Settled Litigation
Loss Contingencies [Line Items]
Amount awarded to other party			$ 1,000
Loss contingency liability			$ 1,000				$ 1,000
Litigation settlement expense							900
Insurance recoveries							$ 106

EARNINGS PER SHARE (Tables)

9 Months Ended

Nov. 03, 2023

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

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


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022
Earnings per share attributable to Dell Technologies Inc.
Dell Technologies Common Stock — Basic	$	1.39	$	0.34	$	2.83	$	2.47
Dell Technologies Common Stock — Diluted	$	1.36	$	0.33	$	2.78	$	2.41

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


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Numerator: Dell Technologies Common Stock
Net income attributable to Dell Technologies Inc. - basic and diluted	$	1,006	$	245	$	2,051	$	1,828






Denominator: Dell Technologies Common Stock weighted-average shares outstanding
Weighted-average shares outstanding — basic	722		728		724		740
Dilutive effect of equity awards	18		15		14		19
Weighted-average shares outstanding — diluted	740		743		738		759
Weighted-average shares outstanding — antidilutive	—		18		5		11

FINANCIAL SERVICES - Schedule of Net Revenue, Cost of Net Revenue, and Gross Margin Recognized (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Receivables [Abstract]
Net revenue — products	$ 227	$ 207	$ 766	$ 646
Cost of net revenue — products	176	164	564	532
Gross margin — products	$ 51	$ 43	$ 202	$ 114

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details) $ in Millions	9 Months Ended
	Nov. 03, 2023 USD ($)
Goodwill [Roll Forward]
Balance at the beginning	$ 19,676
Goodwill acquired	82
Impact of foreign currency translation and other	(142)
Balance at the end	19,616
Operating Segments \| Infrastructure Solutions Group
Goodwill [Roll Forward]
Balance at the beginning	15,017
Goodwill acquired	82
Impact of foreign currency translation and other	(142)
Balance at the end	14,957
Operating Segments \| Client Solutions Group
Goodwill [Roll Forward]
Balance at the beginning	4,232
Goodwill acquired	0
Impact of foreign currency translation and other	0
Balance at the end	4,232
Operating Segments \| Other Businesses
Goodwill [Roll Forward]
Balance at the beginning	427
Goodwill acquired	0
Impact of foreign currency translation and other	0
Balance at the end	$ 427

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

FINANCIAL SERVICES - Schedule of Assets and Liabilities Held by the Consolidated VIEs (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other current assets	$ 10,662	$ 10,827
Short-term	4,540	5,281
Long-term	5,773	5,638
Property, plant, and equipment, net	6,222	6,209
Short-term debt	6,498	6,573
Long-term debt	20,119	23,015
Variable Interest Entity, Primary Beneficiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other current assets	146	274
Short-term	3,059	3,702
Long-term	3,261	3,295
Property, plant, and equipment, net	1,097	1,164
Short-term debt	4,138	4,761
Long-term debt	$ 2,753	$ 2,685

CAPITALIZATION (Tables)

9 Months Ended

Nov. 03, 2023

Equity [Abstract]

Schedule of Stock by Class

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 November 3, 2023
Class A	600	379	379
Class B	200	91	91
Class C	7,900	349	245
Class D	100	—	—

	8,800	819	715

Common stock as of February 3, 2023
Class A	600	379	379
Class B	200	95	95
Class C	7,900	324	242
Class D	100	—	—

	8,800	798	716

Schedule of Dividends Declared

The Company paid the following dividends during the periods presented:


Three Months Ended	Declaration Date	Record Date	Payment Date	Dividend per Share		Amount (in millions)
Fiscal 2024
May 5, 2023	March 2, 2023	April 25, 2023	May 5, 2023	$	0.37	$	270
August 4, 2023	June 16, 2023	July 25, 2023	August 4, 2023	$	0.37	$	268
November 3, 2023	September 28, 2023	October 24, 2023	November 3, 2023	$	0.37	$	266
Fiscal 2023
April 29, 2022	February 24, 2022	April 20, 2022	April 29, 2022	$	0.33	$	248
July 29, 2022	June 7, 2022	July 20, 2022	July 29, 2022	$	0.33	$	242
October 28, 2022	September 6, 2022	October 19, 2022	October 28, 2022	$	0.33	$	238

- 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

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+ Details

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Schedule of Activity Related to Severance Liability (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Severance liability:
Severance liability at beginning of period	$ 457	$ 88	$ 408	$ 74
Severance charges	22	97	434	160
Cash paid and other	(277)	(105)	(640)	(154)
Severance liability at end of period	$ 202	$ 80	$ 202	$ 80

FINANCIAL SERVICES - Customer Receivables Sales (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022
Receivables [Abstract]
Financing receivables sold	$ 205	$ 431

INVESTMENTS

9 Months Ended

Nov. 03, 2023

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

The Company has strategic investments in equity and other securities as well as investments in fixed income debt securities. All equity and other securities as well as long-term fixed income debt securities are recorded as long-term investments in the Condensed Consolidated Statements of Financial Position. Short-term fixed income debt securities are recorded as other current assets in the Condensed Consolidated Statements of Financial Position.

As of both November 3, 2023 and February 3, 2023, total investments were $1.6 billion.

Equity and Other Securities

Equity and other securities include strategic investments in marketable and non-marketable securities. Investments in marketable securities are measured at fair value on a recurring basis. The Company has elected to apply the measurement alternative for non-marketable securities. Under the alternative, the Company measures investments without readily determinable fair values at cost, less impairment, adjusted by observable price changes. The Company makes 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 of Equity and Other Securities

The following table presents the cost, cumulative unrealized gains, cumulative unrealized losses, and carrying value of the Company's strategic investments in marketable and non-marketable equity securities as of the dates indicated:


	November 3, 2023								February 3, 2023
	Cost		Unrealized Gain		Unrealized Loss		Carrying Value		Cost		Unrealized Gain		Unrealized Loss		Carrying Value

	(in millions)
Marketable	$	12	$	19	$	(26)	$	5	$	56	$	17	$	(40)	$	33
Non-marketable	729		666		(149)		1,246		714		651		(100)		1,265
Total equity and other securities	$	741	$	685	$	(175)	$	1,251	$	770	$	668	$	(140)	$	1,298

Gains and Losses on Equity and Other Securities

The following table presents unrealized gains and losses on marketable and non-marketable equity and other securities for the periods indicated:


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Marketable securities:
Unrealized gain	$	—	$	50	$	1	$	57
Unrealized loss	—		(10)		(23)		(29)
Net unrealized gain (loss)	—		40		(22)		28
Non-marketable securities:
Unrealized gain	6		—		15		72
Unrealized loss	(3)		(13)		(49)		(333)
Net unrealized gain (loss) (a) (b)	3		(13)		(34)		(261)
Net unrealized gain (loss) on equity and other securities	$	3	$	27	$	(56)	$	(233)

____________________

(a) For the three months ended November 3, 2023, net gains on non-marketable securities are due to upward adjustments for observable price changes offset by losses primarily attributable to impairments.

(b) For the nine months ended November 3, 2023 and the three and nine months ended October 28, 2022, net unrealized losses on non-marketable securities were primarily attributable to impairments. For the three and nine months ended October 28, 2022, the impairments on equity and other securities were generally in line with extended public equity market declines.

Fixed Income Debt Securities

The Company has fixed income debt securities carried at amortized cost which are primarily held as collateral for borrowings. The Company intends to hold the investments to maturity. As of November 3, 2023, the Company held $267 million in fixed income debt securities which will mature within one year and $43 million in fixed income debt securities which will mature within five years.

The following table summarizes the Company’s debt securities as of the dates indicated:


	November 3, 2023								February 3, 2023
	Cost		Unrealized Gain		Unrealized Loss		Carrying Value		Cost		Unrealized Gain		Unrealized Loss		Carrying Value

	(in millions)
Fixed income debt securities	$	343	$	59	$	(92)	$	310	$	348	$	65	$	(95)	$	318

DEBT - Schedule of Outstanding Debt (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Debt Instrument [Line Items]
Total debt, principal amount	$ 26,860	$ 29,867
Unamortized discount, net of unamortized premium	(117)	(133)
Debt issuance costs	(126)	(146)
Total debt, carrying value	26,617	29,588
Total short-term debt, carrying value	6,498	6,573
Total long-term debt, carrying value	20,119	23,015
DFS Debt
Debt Instrument [Line Items]
Total debt, principal amount	$ 9,620
Unsecured Debt \| 5.45% due June 2023
Debt Instrument [Line Items]
Interest rate	5.45%
Total debt, principal amount	$ 0	1,000
Unsecured Debt \| 4.00% due July 2024
Debt Instrument [Line Items]
Interest rate	4.00%
Total debt, principal amount	$ 1,000	1,000
Unsecured Debt \| 5.85% due July 2025
Debt Instrument [Line Items]
Interest rate	5.85%
Total debt, principal amount	$ 1,000	1,000
Unsecured Debt \| 6.02% due June 2026
Debt Instrument [Line Items]
Interest rate	6.02%
Total debt, principal amount	$ 3,500	4,500
Unsecured Debt \| 4.90% due October 2026
Debt Instrument [Line Items]
Interest rate	4.90%
Total debt, principal amount	$ 1,750	1,750
Unsecured Debt \| 6.10% due July 2027
Debt Instrument [Line Items]
Interest rate	6.10%
Total debt, principal amount	$ 500	500
Unsecured Debt \| 5.25% due February 2028
Debt Instrument [Line Items]
Interest rate	5.25%
Total debt, principal amount	$ 1,000	1,000
Unsecured Debt \| 5.30% due October 2029
Debt Instrument [Line Items]
Interest rate	5.30%
Total debt, principal amount	$ 1,750	1,750
Unsecured Debt \| 6.20% due July 2030
Debt Instrument [Line Items]
Interest rate	6.20%
Total debt, principal amount	$ 750	750
Unsecured Debt \| 5.75% due February 2033
Debt Instrument [Line Items]
Interest rate	5.75%
Total debt, principal amount	$ 1,000	1,000
Unsecured Debt \| 8.10% due July 2036
Debt Instrument [Line Items]
Interest rate	8.10%
Total debt, principal amount	$ 1,000	1,000
Unsecured Debt \| 3.38% due December 2041
Debt Instrument [Line Items]
Interest rate	3.38%
Total debt, principal amount	$ 962	1,000
Unsecured Debt \| 8.35% due July 2046
Debt Instrument [Line Items]
Interest rate	8.35%
Total debt, principal amount	$ 800	800
Unsecured Debt \| 3.45% due December 2051
Debt Instrument [Line Items]
Interest rate	3.45%
Total debt, principal amount	$ 1,095	1,250
Unsecured Debt \| 7.10% due April 2028
Debt Instrument [Line Items]
Interest rate	7.10%
Total debt, principal amount	$ 300	300
Unsecured Debt \| 6.50% due April 2038
Debt Instrument [Line Items]
Interest rate	6.50%
Total debt, principal amount	$ 388	388
Unsecured Debt \| 5.40% due September 2040
Debt Instrument [Line Items]
Interest rate	5.40%
Total debt, principal amount	$ 264	264
DFS Debt (Note 4) \| DFS Debt
Debt Instrument [Line Items]
Total debt, principal amount	9,620	10,290
Total short-term debt, carrying value	5,374	5,400
Total long-term debt, carrying value	4,246	4,890
Other
Debt Instrument [Line Items]
Total debt, principal amount	$ 181	$ 325

DEBT

9 Months Ended

Nov. 03, 2023

Debt Disclosure [Abstract]

DEBT

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


	November 3, 2023		February 3, 2023

	(in millions)
Senior Notes:
5.45% due June 2023	$	—	$	1,000
4.00% due July 2024	1,000		1,000
5.85% due July 2025	1,000		1,000
6.02% due June 2026	3,500		4,500
4.90% due October 2026	1,750		1,750
6.10% due July 2027	500		500
5.25% due February 2028	1,000		1,000
5.30% due October 2029	1,750		1,750
6.20% due July 2030	750		750
5.75% due February 2033	1,000		1,000
8.10% due July 2036	1,000		1,000
3.38% due December 2041	962		1,000
8.35% due July 2046	800		800
3.45% due December 2051	1,095		1,250
Legacy Notes and Debentures:
7.10% due April 2028	300		300
6.50% due April 2038	388		388
5.40% due September 2040	264		264
DFS Debt (Note 4)	9,620		10,290
Other	181		325
Total debt, principal amount	$	26,860	$	29,867
Unamortized discount, net of unamortized premium	(117)		(133)
Debt issuance costs	(126)		(146)
Total debt, carrying value	$	26,617	$	29,588
Total short-term debt, carrying value	$	6,498	$	6,573
Total long-term debt, carrying value	$	20,119	$	23,015

During the nine months ended November 3, 2023, the net decrease in the Company’s debt balance was principally attributable to:

•the repayment of $1 billion principal amount of the 5.45% Senior Notes due June 2023; and

•the repayment of $1 billion principal amount of the 6.02% Senior Notes due June 2026 in a tender offer, in connection with which the Company recognized an immaterial amount of debt extinguishment costs in interest and other, net in the Condensed Consolidated Statement of Income.

Outstanding Debt

Senior Notes — The Company completed offerings of multiple series of senior notes which were issued on June 1, 2016, June 22, 2016, March 20, 2019, April 9, 2020, December 13, 2021, and January 24, 2023 in aggregate principal amounts of $20.0 billion, $3.3 billion, $4.5 billion, $2.3 billion, $2.3 billion, and $2.0 billion, respectively (the “Senior Notes”). Interest on these borrowings is payable semiannually.

Legacy Notes and Debentures — The Company has outstanding unsecured notes and debentures (collectively, the “Legacy Notes and Debentures”) that were issued by Dell Inc. (“Dell”), a wholly-owned subsidiary of Dell Technologies Inc., 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.

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.

2021 Revolving Credit Facility — The Company’s revolving credit facility, which was entered into on November 1, 2021 (the “2021 Revolving Credit Facility”), matures on November 1, 2027. This facility provides the Company with revolving commitments in an aggregate principal amount of $6.0 billion for general corporate purposes, including liquidity support for the Company’s commercial paper program, and includes a letter of credit sub-facility of up to $0.5 billion and a swing-line loan sub-facility of up to $0.5 billion. The 2021 Revolving Credit Facility also allows the Company to obtain incremental additional commitments on one or more occasions in minimum amounts of $10 million.

Borrowings under the 2021 Revolving Credit Facility bear interest at a rate per annum equal to an applicable margin plus, at the borrowers’ option, either (a) the specified adjusted term Secured Overnight Financing Rate (“SOFR”) or (b) a base rate. The margin applicable to SOFR and base rate borrowings varies based upon the Company’s existing credit ratings. The base rate is calculated based upon the greatest of the specified prime rate, the specified federal reserve bank rate, or SOFR plus 1%. The borrowers may voluntarily repay outstanding loans under the 2021 Revolving Credit Facility at any time without premium or penalty, other than customary breakage costs.

As of November 3, 2023, the Company had no outstanding borrowings under the 2021 Revolving Credit Facility.

Commercial Paper Program — During Fiscal 2023, the Company established a commercial paper program under which the Company may issue unsecured notes in a maximum aggregate face amount of $5.0 billion outstanding at any time, with maturities up to 397 days from the date of issuance. The notes are sold on customary terms in the U.S. commercial paper market on a private placement basis. The proceeds of the notes are used for general corporate purposes. As of November 3, 2023, the Company had no outstanding borrowings under the commercial paper program.

The Company may purchase, redeem, prepay, refinance, or otherwise retire any amount of outstanding indebtedness under the terms of such indebtedness at any time and from time to time, in open market or negotiated transactions with the holders of such indebtedness or otherwise, as considered appropriate in light of market conditions and other relevant factors.

Covenants — The credit agreement governing the 2021 Revolving Credit Facility and the indentures governing the Senior Notes and the Legacy Notes and Debentures impose various limitations, subject to exceptions, on creating certain liens and entering into sale and lease-back transactions. The foregoing credit agreement 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. The 2021 Revolving Credit Facility is also subject to an interest coverage ratio covenant that is tested at the end of each fiscal quarter with respect to the Company’s preceding four fiscal quarters. The Company was in compliance with this financial covenant as of November 3, 2023.

Aggregate Future Maturities

The following table presents the aggregate future maturities of the Company’s debt as of November 3, 2023 for the periods indicated:


	Maturities by Fiscal Year
	2024 (remaining three months)		2025		2026		2027		2028		Thereafter		Total

	(in millions)
Senior Notes	$	—	$	1,000	$	1,000	$	5,250	$	500	$	8,357	$	16,107
Legacy Notes and Debentures	—		—		—		—		—		952		952
DFS Debt	1,479		4,807		1,833		884		610		7		9,620
Other	13		124		29		8		6		1		181
Total maturities, principal amount	1,492		5,931		2,862		6,142		1,116		9,317		26,860
Associated carrying value adjustments	(2)		(7)		(6)		(33)		(8)		(187)		(243)
Total maturities, carrying value amount	$	1,490	$	5,924	$	2,856	$	6,109	$	1,108	$	9,130	$	26,617

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1E
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical) - $ / shares							3 Months Ended		9 Months Ended
	Sep. 28, 2023	Jun. 16, 2023	Mar. 02, 2023	Sep. 06, 2022	Jun. 07, 2022	Feb. 24, 2022	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Statement of Stockholders' Equity [Abstract]
Dividend declared (in dollars per share)	$ 0.37	$ 0.37	$ 0.37	$ 0.33	$ 0.33	$ 0.33	$ 0.37	$ 0.33	$ 1.11	$ 0.99

CAPITALIZATION

9 Months Ended

Nov. 03, 2023

Equity [Abstract]

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 November 3, 2023
Class A	600	379	379
Class B	200	91	91
Class C	7,900	349	245
Class D	100	—	—

	8,800	819	715

Common stock as of February 3, 2023
Class A	600	379	379
Class B	200	95	95
Class C	7,900	324	242
Class D	100	—	—

	8,800	798	716

Preferred Stock

The Company is authorized to issue one million shares of preferred stock, par value $0.01 per share. As of November 3, 2023 and February 3, 2023, 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 series 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 November 3, 2023, the Company issued 4.7 million shares of Class C Common Stock to stockholders upon the conversion of the same number of shares of Class B Common Stock into Class C Common Stock in accordance with the Company’s certificate of incorporation. During the nine months ended October 28, 2022, there were no conversions of shares of Class A Common Stock or Class B Common Stock into shares of Class C Common Stock.

Dividends

On February 24, 2022, the Company announced that the Board of Directors adopted a dividend policy providing for our payment of quarterly cash dividends on the Dell Technologies common stock at a rate of $0.33 per share per fiscal quarter beginning in the first quarter of Fiscal 2023. On March 2, 2023, the Company announced that the Board of Directors approved a 12% increase in the quarterly dividend rate from $0.33 per share per fiscal quarter to a rate of $0.37 per share per fiscal quarter beginning in the first quarter of Fiscal 2024.

The Company paid the following dividends during the periods presented:


Three Months Ended	Declaration Date	Record Date	Payment Date	Dividend per Share		Amount (in millions)
Fiscal 2024
May 5, 2023	March 2, 2023	April 25, 2023	May 5, 2023	$	0.37	$	270
August 4, 2023	June 16, 2023	July 25, 2023	August 4, 2023	$	0.37	$	268
November 3, 2023	September 28, 2023	October 24, 2023	November 3, 2023	$	0.37	$	266
Fiscal 2023
April 29, 2022	February 24, 2022	April 20, 2022	April 29, 2022	$	0.33	$	248
July 29, 2022	June 7, 2022	July 20, 2022	July 29, 2022	$	0.33	$	242
October 28, 2022	September 6, 2022	October 19, 2022	October 28, 2022	$	0.33	$	238

During the three and nine months ended November 3, 2023, the Company also paid an immaterial amount of dividend equivalents on eligible vested equity awards which are not reflected above.

Repurchases of Common Stock

Effective as of September 23, 2021, the Company’s Board of Directors approved a stock repurchase program under which the Company is authorized to repurchase up to $5 billion of shares of Class C Common Stock with no fixed expiration date.

Effective as of October 5, 2023, the Company’s Board of Directors approved the repurchase of an additional $5 billion of shares of the Company’s Class C Common Stock with no fixed expiration date. Following the approval, the Company had approximately $5.7 billion in authorized amount remaining under the stock repurchase program.

During the nine months ended November 3, 2023, the Company repurchased approximately 22 million shares of Class C Common Stock for a total purchase price of approximately $1.3 billion. During the nine months ended October 28, 2022, the Company repurchased approximately 59 million shares of Class C Common Stock for a total purchase price of approximately $2.7 billion.

The above repurchases of Class C Common Stock exclude shares withheld from stock awards to settle employee tax withholding obligations related to the vesting of such awards.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

GOODWILL AND INTANGIBLE ASSETS - Schedule of Estimated Future Annual Pre-Tax Amortization Expense (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Fiscal 2024 (remaining three months)	$ 205
Fiscal 2025	654
Fiscal 2026	495
Fiscal 2027	386
Fiscal 2028	230
Thereafter	852
Finite-Lived Intangible Assets, Net, Total	$ 2,822	$ 3,383

FINANCIAL SERVICES - Schedule of Components of Financing Receivables Segregated by Portfolio Segment (Details) - USD ($) $ in Millions	Nov. 03, 2023	Aug. 04, 2023	Feb. 03, 2023	Oct. 28, 2022	Jul. 29, 2022	Jan. 28, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	$ 10,316		$ 10,978
Financing receivables, net	10,313		10,919
Short-term	4,540		5,281
Long-term	5,773		5,638
Customer Financing Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	10,316		10,978
Allowances for losses	(153)	$ (149)	(201)	$ (186)	$ (183)	$ (189)
Financing receivables, net	10,163		10,777
Residual interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	150		142
Revolving
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	163		597
Short-term	163		597
Long-term	0		0
Revolving \| Customer Financing Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	172		685
Allowances for losses	(9)	(9)	(88)	(87)	(91)	(102)
Financing receivables, net	163		597
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	10,150		10,322
Short-term	4,377		4,684
Long-term	5,773		5,638
Fixed-term \| Customer Financing Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	10,144		10,293
Allowances for losses	(144)	$ (140)	(113)	$ (99)	$ (92)	$ (87)
Financing receivables, net	10,000		10,180
Fixed-term \| Residual interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	$ 150		$ 142

DEFERRED REVENUE (Tables)

9 Months Ended

Nov. 03, 2023

Revenue from Contract with Customer [Abstract]

Schedule of 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
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Deferred revenue:
Deferred revenue at beginning of period	$	30,312	$	28,025	$	30,286	$	27,573
Revenue deferrals	4,492		4,128		15,236		14,675
Revenue recognized	(5,766)		(5,064)		(16,484)		(14,994)
Other (a)	15		—		15		(165)
Deferred revenue at end of period	$	29,053	$	27,089	$	29,053	$	27,089
Short-term deferred revenue	$	15,206	$	14,106	$	15,206	$	14,106
Long-term deferred revenue	$	13,847	$	12,983	$	13,847	$	12,983

____________________

(a) For the nine months ended October 28, 2022, Other represents the reclassification of deferred revenue to accrued and other liabilities.

FINANCIAL SERVICES - Schedule of DFS Debt (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	$ 26,617	$ 29,588
Total DFS debt	26,860	29,867
Total short-term DFS debt	6,498	6,573
Total long-term DFS debt	20,119	23,015
Secured Debt \| DFS U.S. debt: \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	6,189	6,742
Secured Debt \| DFS international debt: \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	3,431	3,548
Asset-based financing and securitization facilities \| Secured Debt \| DFS U.S. debt: \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	2,443	3,987
Asset-based financing and securitization facilities \| Secured Debt \| DFS international debt: \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	749	790
Fixed-term securitization offerings \| Secured Debt \| DFS U.S. debt: \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	3,715	2,679
Other borrowings \| Secured Debt \| DFS U.S. debt: \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	31	76
Other borrowings \| Secured Debt \| DFS international debt: \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	839	871
Note payable \| Secured Debt \| DFS international debt: \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	250	250
Dell Bank senior unsecured eurobonds \| Unsecured Debt \| DFS international debt: \| Finance Leases and Revolving Loan Portfolio Segments
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	1,593	1,637
DFS Debt
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total DFS debt	9,620
DFS Debt \| Secured Debt
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total DFS debt	9,620	10,290
Total short-term DFS debt	5,374	5,400
Total long-term DFS debt	$ 4,246	$ 4,890

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - Related Party - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Products
Related party cost of net revenue	$ 379	$ 281	$ 970	$ 962
Services
Related party cost of net revenue	$ 884	$ 733	$ 2,640	$ 2,204

CAPITALIZATION - Narrative (Details) $ / shares in Units, $ in Millions							3 Months Ended		9 Months Ended
	Sep. 28, 2023 $ / shares	Jun. 16, 2023 $ / shares	Mar. 02, 2023 $ / shares	Sep. 06, 2022 $ / shares	Jun. 07, 2022 $ / shares	Feb. 24, 2022 $ / shares	Nov. 03, 2023 USD ($) $ / shares shares	Oct. 28, 2022 USD ($) $ / shares	Nov. 03, 2023 USD ($) vote $ / shares shares	Oct. 28, 2022 USD ($) $ / shares shares	Oct. 05, 2023 USD ($)	Feb. 03, 2023 $ / shares shares	Sep. 23, 2021 USD ($)
Class of Stock [Line Items]
Preferred stock, authorized (in shares)							1,000,000		1,000,000
Preferred stock, par value (in dollars per share) \| $ / shares							$ 0.01		$ 0.01
Preferred stock, shares issued (in shares)							0		0			0
Preferred stock, shares outstanding (in shares)							0		0			0
Common stock, par or value (in dollars per share) \| $ / shares							$ 0.01		$ 0.01			$ 0.01
Common stock conversion ratio							1		1
Dividend declared (in dollars per share) \| $ / shares	$ 0.37	$ 0.37	$ 0.37	$ 0.33	$ 0.33	$ 0.33	$ 0.37	$ 0.33	$ 1.11	$ 0.99
Common stock dividend rate increase			12.00%
Treasury stock repurchases \| $							$ 744	$ 609	$ 1,251	$ 2,699
Class A
Class of Stock [Line Items]
Number of voting interests per share \| vote									10
Class B
Class of Stock [Line Items]
Number of voting interests per share \| vote									10
Class C
Class of Stock [Line Items]
Number of voting interests per share \| vote									1
Stock repurchases, authorized amount \| $													$ 5,000
Stock repurchase program, additional authorized amount \| $											$ 5,000
Stock repurchases, remaining authorized amount \| $											$ 5,700
Shares repurchased (in shares)									22,000,000	59,000,000
Treasury stock repurchases \| $									$ 1,300	$ 2,700
Class C \| Class B Common Stock Into Class C Common Stock
Class of Stock [Line Items]
Conversion of stock, shares issued (in shares)									4,700,000	0
Class C \| Class A Common Stock Into Class C Common Stock
Class of Stock [Line Items]
Conversion of stock, shares issued (in shares)										0
Class D
Class of Stock [Line Items]
Number of voting interests per share \| vote									1

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Schedule of Liability for Standard Limited Warranties (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Warranty liability:
Warranty liability at beginning of period	$ 439	$ 463	$ 467	$ 480
Costs accrued for new warranty contracts and changes in estimates for pre-existing warranties	208	243	605	710
Service obligations honored	(203)	(241)	(628)	(725)
Warranty liability at end of period	$ 444	$ 465	$ 444	$ 465

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Nov. 03, 2023

Fair Value Disclosures [Abstract]

Schedule of 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:


	November 3, 2023								February 3, 2023
	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:

Money market funds	$	4,176	$	—	$	—	$	4,176	$	4,301	$	—	$	—	$	4,301






Marketable equity and other securities	5		—		—		5		33		—		—		33
Derivative instruments	—		215		—		215		—		295		—		295
Total assets	$	4,181	$	215	$	—	$	4,396	$	4,334	$	295	$	—	$	4,629
Liabilities:
Derivative instruments	$	—	$	76	$	—	$	76	$	—	$	460	$	—	$	460
Total liabilities	$	—	$	76	$	—	$	76	$	—	$	460	$	—	$	460

Schedule of Carrying Value and Estimated Fair Value of Outstanding Debt

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:


	November 3, 2023				February 3, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value

	(in billions)

Senior Notes	$	16.0	$	15.6	$	18.1	$	18.2
Legacy Notes and Debentures	$	0.9	$	0.9	$	0.9	$	1.0
DFS Debt	$	9.6	$	9.1	$	10.3	$	9.9

RELATED PARTY TRANSACTIONS - Narrative (Details) - Tax Agreement - Related Party - USD ($) $ in Millions	9 Months Ended
	Nov. 03, 2023	Feb. 03, 2023
Related Party Transaction [Line Items]
Accounts receivable	$ 484	$ 599
Transition tax, expected payment period	2 years
Income taxes receivable	$ 95	$ 146

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Nov. 03, 2023

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax

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 February 3, 2023	$	(747)	$	(222)	$	(32)	$	(1,001)
Other comprehensive income (loss) before reclassifications	(130)		230		3		103
Amounts reclassified from accumulated other comprehensive income (loss)	—		75		—		75
Total change for the period	(130)		305		3		178

Balances as of November 3, 2023	$	(877)	$	83	$	(29)	$	(823)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax

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
	November 3, 2023		October 28, 2022
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total

	(in millions)
Total reclassifications, net of tax:
Net revenue	$	83	$	—	$	83	$	324	$	—	$	324
Cost of net revenue	1		—		1		—		—		—
Operating expenses	—		—		—		—		(1)		(1)


Total reclassifications, net of tax	$	84	$	—	$	84	$	324	$	(1)	$	323


	Nine Months Ended
	November 3, 2023		October 28, 2022
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total

	(in millions)
Total reclassifications, net of tax:
Net revenue	$	(68)	$	—	$	(68)	$	754	$	—	$	754
Cost of net revenue	(7)		—		(7)		(28)		—		(28)
Operating expenses	—		—		—		—		(1)		(1)


Total reclassifications, net of tax	$	(75)	$	—	$	(75)	$	726	$	(1)	$	725

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
AOCI [Roll Forward]
Beginning balance	$ (2,677)	$ (2,755)	$ (3,025)	$ (1,580)
Total other comprehensive income (loss), net of tax expense (benefit) of $6 and $6, respectively, and $18 and $14, respectively	(66)	(215)	178	(490)
Ending balance	(2,570)	(3,368)	(2,570)	(3,368)
Foreign Currency Translation Adjustments
AOCI [Roll Forward]
Beginning balance			(747)
Other comprehensive income (loss) before reclassifications			(130)
Amounts reclassified from accumulated other comprehensive income (loss)			0
Total other comprehensive income (loss), net of tax expense (benefit) of $6 and $6, respectively, and $18 and $14, respectively			(130)
Ending balance	(877)		(877)
Cash Flow Hedges
AOCI [Roll Forward]
Beginning balance			(222)
Other comprehensive income (loss) before reclassifications			230
Amounts reclassified from accumulated other comprehensive income (loss)			75
Total other comprehensive income (loss), net of tax expense (benefit) of $6 and $6, respectively, and $18 and $14, respectively			305
Ending balance	83		83
Pension and Other Postretirement Plans
AOCI [Roll Forward]
Beginning balance			(32)
Other comprehensive income (loss) before reclassifications			3
Amounts reclassified from accumulated other comprehensive income (loss)			0
Total other comprehensive income (loss), net of tax expense (benefit) of $6 and $6, respectively, and $18 and $14, respectively			3
Ending balance	(29)		(29)
Accumulated Other Comprehensive Income (Loss)
AOCI [Roll Forward]
Beginning balance	(757)	(705)	(1,001)	(431)
Other comprehensive income (loss) before reclassifications			103
Amounts reclassified from accumulated other comprehensive income (loss)			75
Total other comprehensive income (loss), net of tax expense (benefit) of $6 and $6, respectively, and $18 and $14, respectively			178
Ending balance	$ (823)	$ (920)	$ (823)	$ (920)

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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+ Details

DEBT - Commercial Paper Program (Narrative) (Details) - Commercial Paper Program - Commercial Paper - USD ($)	12 Months Ended
	Feb. 03, 2023	Nov. 03, 2023
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 5,000,000,000
Debt instrument, term	397 days
Outstanding borrowing		$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Debt and Equity Securities, FV-NI [Line Items]
Deferred compensation plan assets	$ 194	$ 179
Strategic Investments
Debt and Equity Securities, FV-NI [Line Items]
Carrying value	$ 1,200	$ 1,300

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Schedule of Severance Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Restructuring Cost and Reserve [Line Items]
Total severance charges	$ 22	$ 97	$ 434	$ 160
Cost of net revenue
Restructuring Cost and Reserve [Line Items]
Total severance charges	7	21	54	22
Selling, general, and administrative
Restructuring Cost and Reserve [Line Items]
Total severance charges	14	57	365	114
Research and development
Restructuring Cost and Reserve [Line Items]
Total severance charges	$ 1	$ 19	$ 15	$ 24

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

LEASES - Schedule of Maturity of Operating Lease Liabilities (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Lessee, Operating Lease, Liability, Payment, Due
Fiscal 2024 (remaining three months)	$ 63
Fiscal 2025	240
Fiscal 2026	194
Fiscal 2027	157
Fiscal 2028	113
Thereafter	145
Total lease payments	912
Less: Imputed interest	(78)
Total	834	$ 890
Current operating lease liabilities	246	260
Non-current operating lease liabilities	$ 588	$ 630

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022
Cash flows from operating activities:
Net income	$ 2,037	$ 1,816
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,462	2,302
Stock-based compensation expense	675	703
Deferred income taxes	(244)	(745)
Other, net	521	648
Changes in assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable	2,517	803
Financing receivables	445	(286)
Inventories	1,203	(485)
Other assets and liabilities	(2,096)	430
Due from/to related party, net	(574)	(641)
Accounts payable	1,012	(4,466)
Deferred revenue	(815)	772
Change in cash from operating activities	7,143	851
Cash flows from investing activities:
Purchases of investments	(143)	(101)
Maturities and sales of investments	150	99
Capital expenditures and capitalized software development costs	(2,029)	(2,244)
Acquisition of businesses and assets, net	(127)	0
Other	35	18
Change in cash from investing activities	(2,114)	(2,228)
Cash flows from financing activities:
Proceeds from the issuance of common stock	8	5
Repurchases of common stock	(1,202)	(2,718)
Repurchases of common stock for employee tax withholdings	(354)	(380)
Payments of dividends and dividend equivalents	(811)	(728)
Proceeds from debt	6,904	8,779
Repayments of debt	(9,766)	(8,079)
Debt-related costs and other, net	(54)	(17)
Change in cash from financing activities	(5,275)	(3,138)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(200)	(343)
Change in cash, cash equivalents, and restricted cash	(446)	(4,858)
Cash, cash equivalents, and restricted cash at beginning of the period	8,894	10,082
Cash, cash equivalents, and restricted cash at the end of the period	$ 8,448	$ 5,224

FINANCIAL SERVICES - Narrative (Details) - USD ($) $ in Billions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
New financing originations	$ 1.8	$ 2.3	$ 6.0	$ 6.7
Fixed-term \| Minimum \| Business Customers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)			2 years
Fixed-term \| Minimum \| Qualified Small Businesses, Large Commercial Accounts, Governmental Organizations, Educational Entities, and Certain Individual Consumer Customers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)			3 years
Fixed-term \| Maximum \| Business Customers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)			4 years
Fixed-term \| Maximum \| Qualified Small Businesses, Large Commercial Accounts, Governmental Organizations, Educational Entities, and Certain Individual Consumer Customers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)			5 years
Revolving
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)			12 months

GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Nov. 03, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The Infrastructure Solutions Group and Client Solutions Group reporting units are consistent with the reportable segments identified in Note 16 of the Notes to the Condensed Consolidated Financial Statements. Other businesses consists of VMware Resale, Secureworks, and Virtustream, which each 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		Other Businesses		Total

	(in millions)
Balances as of February 3, 2023	$	15,017	$	4,232	$	427	$	19,676
Goodwill acquired (a)	82		—		—		82
Impact of foreign currency translation and other	(142)		—		—		(142)



Balances as of November 3, 2023	$	14,957	$	4,232	$	427	$	19,616

____________________

(a) Goodwill acquired represents goodwill recognized in connection with the Company’s acquisition of Moogsoft Inc. during the three months ended November 3, 2023.

Intangible Assets

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


	November 3, 2023						February 3, 2023
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net

	(in millions)
Customer relationships	$	16,968	$	(14,817)	$	2,151	$	16,956	$	(14,474)	$	2,482
Developed technology	9,506		(8,897)		609		9,466		(8,660)		806
Trade names	875		(813)		62		875		(780)		95

Definite-lived intangible assets	27,349		(24,527)		2,822		27,297		(23,914)		3,383
Indefinite-lived trade names	3,085		—		3,085		3,085		—		3,085
Total intangible assets	$	30,434	$	(24,527)	$	5,907	$	30,382	$	(23,914)	$	6,468

Amortization expense related to definite-lived intangible assets was $205 million and $245 million for the three months ended November 3, 2023 and October 28, 2022, respectively, and $613 million and $732 million for the nine months ended November 3, 2023 and October 28, 2022, respectively. There were no material impairment charges related to intangible assets during the three and nine months ended November 3, 2023 and October 28, 2022.

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


	November 3, 2023
	(in millions)
Fiscal 2024 (remaining three months)	$	205
Fiscal 2025	654
Fiscal 2026	495
Fiscal 2027	386
Fiscal 2028	230
Thereafter	852
Total	$	2,822

Goodwill and Indefinite-Lived Intangible Assets Impairment Testing

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.

For the annual impairment review of the Infrastructure Solutions Group (“ISG”) and Client Solutions Group (“CSG”) reporting units during the third quarter of Fiscal 2024, 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 perform 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. For the remaining reporting units, the Company performed a qualitative assessment of goodwill at the reporting unit level. The qualitative assessment included consideration of the relevant events and circumstances affecting the reporting unit, including macroeconomic, industry and market conditions, overall financial performance, and trends in the public company market valuation, where applicable.

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. For the quantitative goodwill impairment test, the fair value of each goodwill reporting unit is generally estimated using a combination of public company multiples and discounted cash flow methodologies. The discounted cash flow and public company multiples methodologies require significant judgment, including estimation of future revenues, gross margins, and operating expenses, which are 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. These methodologies require significant judgment, including estimation of future revenue, 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 November 3, 2023, the fair values of each of the reporting units and indefinite-lived intangibles exceeded their carrying values. No goodwill or indefinite-lived assets impairment test was performed during the nine months ended November 3, 2023 other than the Company’s annual impairment review.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Nov. 03, 2023

Oct. 28, 2022

Nov. 03, 2023

Oct. 28, 2022

Net revenue:

Total net revenue

$ 22,251

$ 24,721

$ 66,107

$ 77,262

Cost of net revenue :

Total cost of net revenue

^[1]

17,103

19,014

50,554

60,332

Gross margin

5,148

5,707

15,553

16,930

Operating expenses:

Selling, general, and administrative

2,970

3,268

9,748

10,364

Research and development

692

677

2,085

1,984

Total operating expenses

3,662

3,945

11,833

12,348

Operating income

1,486

1,762

3,720

4,582

Interest and other, net

(306)

(1,308)

(1,121)

(2,280)

Income before income taxes

1,180

454

2,599

2,302

Income tax expense

176

213

562

486

Net income

1,004

241

2,037

1,816

Less: Net loss attributable to non-controlling interests

(2)

(4)

(14)

(12)

Net income attributable to Dell Technologies Inc.

$ 1,006

$ 245

$ 2,051

$ 1,828

Earnings per share attributable to Dell Technologies Inc.

Basic (in dollars per share)

$ 1.39

$ 0.34

$ 2.83

$ 2.47

Diluted (in dollars per share)

$ 1.36

$ 0.33

$ 2.78

$ 2.41

Products

Net revenue:

Total net revenue

$ 16,233

$ 18,938

$ 48,204

$ 60,212

Cost of net revenue :

Total cost of net revenue

^[1]

13,546

15,601

39,923

50,281

Services

Net revenue:

Total net revenue

6,018

5,783

17,903

17,050

Cost of net revenue :

Total cost of net revenue

^[1]

$ 3,557

$ 3,413

$ 10,631

$ 10,051

[1]


(a) Includes related party cost of net revenue as follows (Note 15):
Products	$	379	$	281	$	970	$	962
Services	$	884	$	733	$	2,640	$	2,204

LEASES (Tables)

9 Months Ended

Nov. 03, 2023

Leases [Abstract]

Schedule of Components of Lease Expense and Supplemental Information

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


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Operating lease costs	$	79	$	67	$	221	$	207
Variable costs	19		25		62		73
Total lease costs	$	98	$	92	$	283	$	280

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	November 3, 2023			February 3, 2023

		(in millions, except for term and discount rate)
Operating lease right-of-use assets	Other non-current assets	$	711		$	725

Current operating lease liabilities	Accrued and other current liabilities	$	246		$	260
Non-current operating lease liabilities	Other non-current liabilities	588			630
Total operating lease liabilities		$	834		$	890

Weighted-average remaining lease term (in years)		4.49			4.95
Weighted-average discount rate		4.71		%	3.48		%

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


	Nine Months Ended
	November 3, 2023		October 28, 2022

	(in millions)
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$	220	$	230

Right-of-use assets obtained in exchange for new operating lease liabilities	$	205	$	134

Schedule of Maturity of Operating Lease Liabilities

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:


	November 3, 2023
	(in millions)
Fiscal 2024 (remaining three months)	$	63
Fiscal 2025	240
Fiscal 2026	194
Fiscal 2027	157
Fiscal 2028	113
Thereafter	145
Total lease payments	912
Less: Imputed interest	(78)
Total	$	834
Current operating lease liabilities	$	246
Non-current operating lease liabilities	$	588

FINANCIAL SERVICES

9 Months Ended

Nov. 03, 2023

Receivables [Abstract]

FINANCIAL SERVICES

The Company offers or arranges various financing options and alternative payment structures for its customers globally. Alternative payment structures consist of various flexible consumption models, including utility, subscription, and as-a-Service models.

Financing options are offered to our customers primarily 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 for the purchase of third-party technology products that complement the Dell Technologies portfolio of products and services. New financing originations were $1.8 billion and $2.3 billion for the three months ended November 3, 2023 and October 28, 2022, respectively, and $6.0 billion and $6.7 billion for the nine months ended November 3, 2023 and October 28, 2022, respectively.

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

Fixed-term leases and loans — The Company enters into financing arrangements with customers who seek lease financing for equipment. DFS leases are generally classified as sales-type leases or operating leases. 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.

Revolving loans — Revolving loans offered under a private label credit financing program, referred to as Dell Business Credit (“DBC”), provide qualified customers with a revolving credit line for the purchase of products and services offered by Dell Technologies. 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.

Prior to the sale of the U.S. consumer revolving customer receivables portfolio described in Note 1 of the Notes to the Condensed Consolidated Financial Statements, the Company also offered private label credit financing under the Dell Preferred Account (“DPA”) program. The DPA product was primarily offered to individual consumer customers.

Flexible consumption models, as defined above, further enable the Company to offer its customers the option to pay over time to provide them with financial flexibility to meet their changing technological requirements. Such models may result in identification of embedded lease arrangements that lead to the recognition of operating or sales-type leases.

Financing Receivables

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


	November 3, 2023						February 3, 2023
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total

	(in millions)
Financing receivables, net:
Customer receivables, gross (a) (b)	$	172	$	10,144	$	10,316	$	685	$	10,293	$	10,978
Allowances for losses	(9)		(144)		(153)		(88)		(113)		(201)
Customer receivables, net	163		10,000		10,163		597		10,180		10,777
Residual interest	—		150		150		—		142		142
Financing receivables, net	$	163	$	10,150	$	10,313	$	597	$	10,322	$	10,919
Short-term	$	163	$	4,377	$	4,540	$	597	$	4,684	$	5,281
Long-term	$	—	$	5,773	$	5,773	$	—	$	5,638	$	5,638

____________________

(a) Customer receivables, gross include amounts due from customers under revolving loans, fixed-term loans, fixed-term leases, and accrued interest.

(b) The decrease in revolving customer financing receivables is primarily attributable to the sale of the U.S. consumer revolving customer receivables portfolio described in Note 1 of the Notes to the Condensed Consolidated Financial Statements.

The following table presents the changes in allowance for financing receivable losses for the periods indicated:


	Three Months Ended
	November 3, 2023						October 28, 2022
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total

	(in millions)
Allowance for financing receivable losses:
Balances at beginning of period	$	9	$	140	$	149	$	91	$	92	$	183

Charge-offs, net of recoveries	(4)		(3)		(7)		(12)		(1)		(13)
Provision charged to income statement	4		7		11		8		8		16
Balances at end of period	$	9	$	144	$	153	$	87	$	99	$	186


	Nine Months Ended
	November 3, 2023						October 28, 2022
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total

	(in millions)
Allowance for financing receivable losses:
Balances at beginning of period	$	88	$	113	$	201	$	102	$	87	$	189

Charge-offs, net of recoveries	(37)		(5)		(42)		(37)		(5)		(42)
Provision charged to income statement	32		36		68		22		17		39
Other (a)	(74)		—		(74)		—		—		—
Balances at end of period	$	9	$	144	$	153	$	87	$	99	$	186

____________________

(a) Other represents the derecognition of the allowance for financing receivable losses related to the sale of the U.S. consumer revolving customer receivables portfolio described in Note 1 of the Notes to the Condensed Consolidated Financial Statements.

The Company recognizes an allowance for financing receivable losses, including both the lease receivable and unguaranteed residual, in an amount equal to the expected losses net of recoveries. The allowance for financing receivable losses on the lease receivable 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. The Company continues to monitor broader economic indicators and their potential impact on future credit loss performance.

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:


	November 3, 2023								February 3, 2023
	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	$	5	$	—	$	—	$	5	$	457	$	34	$	17	$	508
Revolving — DBC	146		17		4		167		154		19		4		177
Fixed-term — Consumer and Commercial	9,140		868		136		10,144		9,309		927		57		10,293
Total customer receivables, gross	$	9,291	$	885	$	140	$	10,316	$	9,920	$	980	$	78	$	10,978

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 transactions. Aging is also impacted by the timing of the Company’s 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 the collectibility of a specific customer receivable. The 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 tables present customer receivables, gross, including accrued interest, by credit quality indicator, segregated by class, as of the dates indicated:


	November 3, 2023
	Fixed-term — Consumer and Commercial
	Fiscal Year of Origination
	2024		2023		2022		2021		2020		Years Prior		Revolving — DPA		Revolving — DBC		Total

	(in millions)
Higher	$	2,494	$	2,195	$	1,076	$	499	$	127	$	3	$	1	$	42	$	6,437
Mid	849		1,047		378		159		40		2		2		49		2,526
Lower	454		516		210		69		25		1		2		76		1,353
Total	$	3,797	$	3,758	$	1,664	$	727	$	192	$	6	$	5	$	167	$	10,316


	February 3, 2023
	Fixed-term — Consumer and Commercial
	Fiscal Year of Origination
	2023		2022		2021		2020		2019		Years Prior		Revolving — DPA		Revolving — DBC		Total

	(in millions)
Higher	$	3,210	$	1,805	$	914	$	343	$	37	$	1	$	123	$	44	$	6,477
Mid	1,242		631		362		119		17		1		136		54		2,562
Lower	1,017		364		157		65		7		1		249		79		1,939
Total	$	5,469	$	2,800	$	1,433	$	527	$	61	$	3	$	508	$	177	$	10,978

The categories shown in the tables above segregate customer receivables based on the relative degrees of credit risk. Credit quality indicators for DBC revolving and fixed-term accounts are generally updated on a periodic basis.

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. Prior to the sale of the U.S. consumer revolving customer receivables revolving portfolio described in Note 1 of the Notes to the Condensed Consolidated Financial Statements, the Company made credit decisions based on proprietary scorecards, which included the customer’s credit history, payment history, credit usage, and other credit agency-related elements. The higher quality category included prime accounts generally comparable to U.S. customer FICO scores of 720 or above. The mid category represented mid-tier accounts that are comparable to U.S. customer FICO scores from 660 to 719. The lower category represented accounts that are comparable to U.S. customer FICO scores below 660.

Leases

The following table presents 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
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Net revenue — products	$	227	$	207	$	766	$	646
Cost of net revenue — products	176		164		564		532
Gross margin — products	$	51	$	43	$	202	$	114

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 Statement of Financial Position as of the date indicated:


	November 3, 2023
	(in millions)
Fiscal 2024 (remaining three months)	$	809
Fiscal 2025	2,221
Fiscal 2026	1,712
Fiscal 2027	971
Fiscal 2028 and beyond	388
Total undiscounted cash flows	6,101
Fixed-term loans	4,954
Revolving loans	172
Less: Unearned income	(911)
Total customer receivables, gross	$	10,316

Operating Leases

The Company’s operating leases primarily consist of DFS captive fixed-term leases and contractually committed embedded leases identified within flexible consumption arrangements.

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:


	November 3, 2023		February 3, 2023

	(in millions)
Equipment under operating lease, gross	$	3,855	$	3,725
Less: Accumulated depreciation	(1,721)		(1,517)
Equipment under operating lease, net	$	2,134	$	2,208

The following table presents operating lease income related to lease payments and depreciation expense for the Company’s operating lease portfolio for the periods indicated:


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Income related to lease payments	$	341	$	297	$	992	$	782
Depreciation expense	$	234	$	212	$	703	$	571

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


	November 3, 2023
	(in millions)
Fiscal 2024 (remaining three months)	$	330
Fiscal 2025	974
Fiscal 2026	628
Fiscal 2027	272
Fiscal 2028 and beyond	113
Total	$	2,317

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 and excludes the allocated portion of the Company’s other borrowings, which represents the additional amount considered to fund the DFS business:


	November 3, 2023		February 3, 2023

DFS debt	(in millions)
DFS U.S. debt:
Asset-based financing and securitization facilities	$	2,443	$	3,987
Fixed-term securitization offerings	3,715		2,679
Other	31		76
Total DFS U.S. debt	6,189		6,742
DFS international debt:
Securitization facility	749		790
Other borrowings	839		871
Note payable	250		250
Dell Bank senior unsecured eurobonds	1,593		1,637
Total DFS international debt	3,431		3,548
Total DFS debt	$	9,620	$	10,290
Total short-term DFS debt	$	5,374	$	5,400
Total long-term DFS debt	$	4,246	$	4,890

DFS U.S. Debt

Asset-Based Financing and Securitization Facilities — The Company maintains separate asset-based financing facilities in the United States, which are revolving facilities for fixed-term leases and loans. 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 November 3, 2023, the total debt capacity related to the U.S. asset-based financing facilities was $5.1 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 the Company’s interest rate swaps.

The Company’s two U.S. asset-based financing facilities for fixed-term leases and loans are effective through July 7, 2025 and June 21, 2024, respectively. The asset-based financing 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 November 3, 2023, these criteria were met.

The Company previously maintained a U.S. securitization facility for revolving loans effective through June 25, 2025. In connection with the sale of the U.S. consumer revolving customer receivables portfolio described in Note 1 of the Notes to the Condensed Consolidated Financial Statements, the Company’s U.S. securitization facility for revolving loans was paid down and terminated during the three months ended November 3, 2023.

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 lease and loan payments and associated equipment, which are held by Special Purpose Entities (“SPEs”), as discussed below. The interest rate on these securities is fixed and ranges from 0.53% to 6.80% per annum as of November 3, 2023, and the duration of these securities is based on the terms of the underlying lease and loan payment streams.

DFS International Debt

Securitization Facility — The Company maintains a securitization facility in Europe for fixed-term leases and loans. The debt under this facility has a variable interest rate, and the duration of the debt is based on the terms of the underlying loan and lease payment streams. This facility is effective through December 23, 2024 and had a total debt capacity of $850 million as of November 3, 2023.

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 November 3, 2023, 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, New Zealand, and the Middle East. The debt under these programs has a variable interest rate, and the duration of the debt is based on the terms of the underlying loan and lease payment streams. The Canadian facility, which is collateralized solely by Canadian loan and lease payments and associated equipment, had a total debt capacity of $328 million as of November 3, 2023 and is effective through January 16, 2025. The European facility, which is collateralized solely by European loan and lease payments and associated equipment, had a total debt capacity of $531 million as of November 3, 2023 and is effective through June 14, 2025. 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 $290 million as of November 3, 2023 and is effective through April 20, 2025. The Middle East facility, which is collateralized solely by Middle East loan and lease payments and associated equipment, had a total debt capacity of $150 million as of November 3, 2023 and is effective through March 24, 2025.

Note Payable — On May 25, 2022, the Company entered into an unsecured credit agreement to fund receivables in Mexico. As of November 3, 2023, the aggregate principal amount of the note payable was $250 million. The note bears interest at an annual rate of 4.24% and will mature on May 31, 2024.

Dell Bank Senior Unsecured Eurobonds — On June 24, 2020, Dell Bank issued 500 million Euro of 1.625% senior unsecured four year eurobonds due June 2024. On October 27, 2021, Dell Bank issued 500 million Euro of 0.5% senior unsecured five year eurobonds due October 2026. On October 18, 2022, Dell Bank issued 500 million Euro of 4.5% senior unsecured five year eurobonds due October 2027. 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 lease and loan payments and associated equipment to SPEs that meet the definition of a VIE and are consolidated, along with the associated debt described above, into the Condensed Consolidated Financial Statements as the Company is the primary beneficiary of the 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.

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. DFS debt outstanding held by the consolidated VIEs is collateralized by the lease and loan payments and associated equipment. 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 securitization in the form of over-collateralization.

The following table presents the assets and liabilities held by the consolidated VIEs as of the dates indicated, which are included in the Condensed Consolidated Statements of Financial Position:


	November 3, 2023		February 3, 2023

	(in millions)
Assets held by consolidated VIEs
Other current assets	$	146	$	274
Financing receivables, net of allowance
Short-term	$	3,059	$	3,702
Long-term	$	3,261	$	3,295
Property, plant, and equipment, net	$	1,097	$	1,164
Liabilities held by consolidated VIEs
Debt, net of unamortized debt issuance costs
Short-term	$	4,138	$	4,761
Long-term	$	2,753	$	2,685

Lease and loan payments and associated equipment transferred via securitization through SPEs were $1.1 billion and $1.6 billion for the three months ended November 3, 2023 and October 28, 2022, respectively, and $3.7 billion and $4.5 billion for the nine months ended November 3, 2023 and October 28, 2022, respectively.

Customer Receivable 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 $205 million and $431 million for the nine months ended November 3, 2023 and October 28, 2022, respectively. The Company’s continuing involvement in these customer receivables is primarily limited to servicing arrangements.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

9 Months Ended

Nov. 03, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 instruments. For derivatives designated as fair value hedges, the Company assesses hedge effectiveness on qualifying instruments using the shortcut method whereby the hedges are considered perfectly effective at the onset of the hedge and over the life of the hedging relationship.

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 November 3, 2023 and October 28, 2022, 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 DFS operations 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 four 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 in order to match the floating rate nature of the banks’ funding pool. The Company also uses interest rate swaps to manage the cash flows related to interest payments on Eurobonds. The interest rate swaps economically convert the fixed rate on the Company’s bonds to a floating rate to match the underlying lease repayments profile. 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 European securitization program. 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 or floating British Pound or U.S. Dollar amount and receives a fixed or 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.

Periodically, the Company also uses interest rate swaps to modify the market risk exposures in connection with long-term debt. During Fiscal 2023, the Company entered into interest rate swaps designated as fair value hedges intended to hedge a portion of its interest rate exposure by converting the fixed interest rate of a certain tranche of debt to a floating interest rate based on the benchmark SOFR Overnight Index Swap rate. The gains and losses related to changes in the fair value of such interest rate swaps perfectly offset changes in the fair value of the hedged portion of the underlying debt that were attributable to the changes in the underlying benchmark interest rate. During the nine months ended November 3, 2023, the Company repaid the hedged debt and terminated the associated interest rate swaps.

Derivative Instruments

The following table presents the notional amounts of outstanding derivative instruments as of the dates indicated:


	November 3, 2023		February 3, 2023

	(in millions)
Foreign exchange contracts:
Designated as cash flow hedging instruments	$	7,317	$	7,746
Non-designated as hedging instruments	6,290		6,833
Total	$	13,607	$	14,579
Interest rate contracts:
Designated as fair value hedging instruments	$	—	$	1,000
Non-designated as hedging instruments	6,107		7,214
Total	$	6,107	$	8,214

The following table presents the effect of derivative instruments designated as cash flow hedging instruments on the Condensed Consolidated Statements of Financial Position and the Condensed Consolidated Statements of Income for the periods indicated:


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 November 3, 2023:
			Total net revenue	$	83
Foreign exchange contracts	$	171	Total cost of net revenue	1
Interest rate contracts	—		Interest and other, net	—
Total	$	171	Total	$	84

For the three months ended October 28, 2022:
			Total net revenue	$	324
Foreign exchange contracts	$	306	Total cost of net revenue	—
Interest rate contracts	—		Interest and other, net	—
Total	$	306	Total	$	324


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 nine months ended November 3, 2023:
			Total net revenue	$	(68)
Foreign exchange contracts	$	230	Total cost of net revenue	(7)
Interest rate contracts	—		Interest and other, net	—
Total	$	230	Total	$	(75)

For the nine months ended October 28, 2022:
			Total net revenue	$	754
Foreign exchange contracts	$	844	Total cost of net revenue	(28)
Interest rate contracts	—		Interest and other, net	—
Total	$	844	Total	$	726

The following table presents the effect of derivative instruments not designated as hedging instruments on the Condensed Consolidated Statements of Income for the periods indicated:


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022		Location of Gain (Loss) Recognized

	(in millions)
Foreign exchange contracts	$	(114)	$	71	$	(97)	$	(234)	Interest and other, net
Interest rate contracts	2		46		5		64		Interest and other, net

Total	$	(112)	$	117	$	(92)	$	(170)

The Company presents its 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:


	November 3, 2023
	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	$	124	$	—	$	28	$	—	$	152
Foreign exchange contracts in a liability position	(8)		—		(5)		—		(13)
Interest rate contracts in an asset position	—		—		—		—		—
Interest rate contracts in a liability position	—		—		—		—		—
Net asset (liability)	116		—		23		—		139
Derivatives not designated as hedging instruments:
Foreign exchange contracts in an asset position	213		—		86		—		299
Foreign exchange contracts in a liability position	(177)		—		(153)		—		(330)
Interest rate contracts in an asset position	6		57		—		—		63
Interest rate contracts in a liability position	—		—		(15)		(17)		(32)
Net asset (liability)	42		57		(82)		(17)		—
Total derivatives at fair value	$	158	$	57	$	(59)	$	(17)	$	139

	February 3, 2023
	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	$	7	$	—	$	30	$	—	$	37
Foreign exchange contracts in a liability position	(21)		—		(142)		—		(163)
Interest rate contracts in an asset position	—		—		—		—		—
Interest rate contracts in a liability position	—		—		—		(6)		(6)
Net asset (liability)	(14)		—		(112)		(6)		(132)
Derivatives not designated as hedging instruments:
Foreign exchange contracts in an asset position	282		1		368		—		651
Foreign exchange contracts in a liability position	(121)		—		(614)		(1)		(736)
Interest rate contracts in an asset position	14		133		—		—		147
Interest rate contracts in a liability position	—		—		—		(95)		(95)
Net asset (liability)	175		134		(246)		(96)		(33)
Total derivatives at fair value	$	161	$	134	$	(358)	$	(102)	$	(165)

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:


	November 3, 2023
	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 of Assets/ (Liabilities) Recognized in the Statement of Financial Position
							Financial Instruments		Cash Collateral Received or Pledged

	(in millions)
Derivative instruments:
Financial assets	$	514	$	(299)	$	215	$	—	$	(21)	$	194
Financial liabilities	(375)		299		(76)		—		17		(59)
Total derivative instruments	$	139	$	—	$	139	$	—	$	(4)	$	135

	February 3, 2023
	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 of Assets/ (Liabilities) Recognized in the Statement of Financial Position
							Financial Instruments		Cash Collateral Received or Pledged

	(in millions)
Derivative instruments:
Financial assets	$	835	$	(540)	$	295	$	—	$	—	$	295
Financial liabilities	(1,000)		540		(460)		—		25		(435)
Total derivative instruments	$	(165)	$	—	$	(165)	$	—	$	25	$	(140)

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Nov. 03, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Richard J. Rothberg [Member]
Trading Arrangements, by Individual
Arrangement Duration	178 days

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Narrative (Details)	9 Months Ended
	Nov. 03, 2023
Foreign Currency Forward and Option Contracts \| Designated as cash flow hedging instruments
Derivative [Line Items]
Term of derivative contract	12 months
Forward Contracts to Hedge Monetary Assets and Liabilities \| Non-designated as hedging instruments
Derivative [Line Items]
Term of derivative contract	3 months
Forward Contracts to Hedge Monetary Assets and Liabilities \| Non-designated as hedging instruments \| Financing Receivables
Derivative [Line Items]
Term of derivative contract	3 years
Interest Rate Swaps \| Non-designated as hedging instruments
Derivative [Line Items]
Term of derivative contract	5 years
Interest Rate Swaps \| Non-designated as hedging instruments \| Structured Financing Debt
Derivative [Line Items]
Term of derivative contract	4 years
Cross Currency Amortizing Swaps \| Non-designated as hedging instruments
Derivative [Line Items]
Term of derivative contract	5 years

RELATED PARTY TRANSACTIONS

9 Months Ended

Nov. 03, 2023

RELATED PARTY TRANSACTIONS

For the periods presented within this report, VMware was considered to be a related party of the Company as a result of Michael Dell’s ownership interests in both Dell Technologies and VMware as well as Mr. Dell’s service as Chairman and Chief Executive Officer of Dell Technologies and as Chairman of the Board of VMware, Inc.

Subsequent to the close of the Company’s third quarter of Fiscal 2024, Broadcom Inc. completed its acquisition of VMware and terminated the preexisting related party relationship. See Note 18 of the Notes to the Condensed Consolidated Financial Statements for more information about the impact of the transaction on the Company’s relationship with VMware.

The information provided below includes a summary of transactions with VMware for the periods presented. Transactions with related parties other than VMware during the periods presented were immaterial, individually and in aggregate.

Transactions with VMware

•Pursuant to original equipment manufacturer and reseller arrangements, Dell Technologies integrates or bundles VMware’s products and services with Dell Technologies’ products and sells them to end-users. Dell Technologies also acts as a distributor, purchasing VMware’s standalone products and services for resale to end-user customers. Where applicable, costs under these arrangements are presented net of rebates received by Dell Technologies.

•Dell Technologies may procure products and services from VMware for its internal use. For the three and nine months ended November 3, 2023 and October 28, 2022, costs incurred associated with products and services purchased from VMware for internal use were immaterial.

•Dell Technologies sells and leases products and sells services to VMware. For the three and nine months ended November 3, 2023 and October 28, 2022, revenue recognized from sales of services to VMware was immaterial.

•DFS provides financing to certain VMware end-users. Upon acceptance of the financing arrangement by both VMware’s end-users and DFS, DFS recognizes amounts due to related parties on the Condensed Consolidated Statements of Financial Position. Associated financing fees are recorded to product net revenue on the Condensed Consolidated Statements of Income and are reflected within sales and leases of products to VMware in the table below.

•Dell Technologies and VMware also enter into joint marketing, sales, and branding arrangements, for which both parties may incur costs. For the three and nine months ended November 3, 2023 and October 28, 2022, consideration received from VMware for joint marketing, sales, and branding arrangements was immaterial.

•Dell Technologies and VMware entered into a transition services agreement in connection with the VMware Spin-off to provide various support services, including investment advisory services, certain support services from Dell Technologies personnel, and other transitional services. Costs associated with this agreement were immaterial for the three and nine months ended October 28, 2022. Activities under the agreement concluded during Fiscal 2023.

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


		Three Months Ended				Nine Months Ended
	Classification	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

		(in millions)
Sales and leases of products to VMware	Net revenue - products	$	16	$	49	$	94	$	130
Purchase of VMware products for resale	Cost of net revenue - products	$	379	$	281	$	970	$	962
Purchase of VMware services for resale	Cost of net revenue - services	$	884	$	733	$	2,640	$	2,204

The following table presents information about the impact of Dell Technologies’ related party transactions with VMware on the Condensed Consolidated Statements of Financial Position as of the dates indicated:


	Classification	November 3, 2023		February 3, 2023

		(in millions)
Deferred costs related to VMware products and services for resale	Other current assets	$	2,926	$	3,000
Deferred costs related to VMware products and services for resale	Other non-current assets	$	2,201	$	2,537


	November 3, 2023		February 3, 2023

	(in millions)
Due from related party, net, current (a)	$	386	$	378
Due from related party, net, non-current (b)	$	239	$	440
Due to related party, current (c)	$	1,246	$	2,067
Due to related party, non-current (d)	$	11	$	—

____________________

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

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

(c) Amounts due to related party, current included amounts due to VMware, which are generally settled in cash within 60 days of each quarter-end.

(d) Amounts due to related party, non-current are included in other non-current liabilities.

Related Party Tax Matters

Tax Agreements — In connection with the VMware Spin-off and concurrently with the execution of the Separation and Distribution Agreement, effective as of April 14, 2021, Dell Technologies and VMware entered into a Tax Matters Agreement (the “Tax Matters Agreement”) and agreed to terminate the tax sharing agreement as amended on December 30, 2019 (together with the Tax Matters Agreement, the “Tax Agreements”). The Tax Matters Agreement governs Dell Technologies’ and VMware’s respective rights and obligations, both for pre-spin-off periods and post-spin-off periods, regarding income and other taxes, and related matters, including tax liabilities and benefits, attributes, and returns.

The timing of the tax payments due to and from related parties is governed by the Tax Agreements. VMware’s portion of the mandatory one-time transition tax on accumulated earnings of foreign subsidiaries (the “Transition Tax”) is governed by a letter agreement between VMware and Dell Technologies entered into on April 1, 2019.

Pursuant to the Tax Agreements, net receipts from VMware during the nine months ended November 3, 2023 and net payments to VMware during the nine months ended October 28, 2022 were immaterial.

As a result of the activity under the Tax Agreements with VMware, amounts due from VMware were $484 million and $599 million as of November 3, 2023 and February 3, 2023, respectively, and primarily related to VMware’s estimated tax obligation resulting from the Transition Tax. The 2017 Tax Cuts and Jobs Act included a deferral election for an eight-year installment payment method on the Transition Tax. Dell Technologies expects VMware to pay the remainder of its Transition Tax over a period of two years.

Indemnification — Upon consummation of the VMware Spin-off, Dell Technologies recorded net income tax indemnification receivables from VMware related to certain income tax liabilities for which Dell Technologies is jointly and severally liable, but for which it is indemnified by VMware under the Tax Matters Agreement. The amounts that VMware may be obligated to pay Dell Technologies could vary depending on the outcome of certain unresolved tax matters, which may not be resolved for several years. The net receivable as of November 3, 2023 and February 3, 2023 was $95 million and $146 million, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

DEFERRED REVENUE - Schedule of Changes in Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022	Feb. 03, 2023
Deferred revenue:
Deferred revenue at beginning of period	$ 30,312	$ 28,025	$ 30,286	$ 27,573
Revenue deferrals	4,492	4,128	15,236	14,675
Revenue recognized	(5,766)	(5,064)	(16,484)	(14,994)
Other	15	0	15	(165)
Deferred revenue at end of period	29,053	27,089	29,053	27,089
Short-term deferred revenue	15,206	14,106	15,206	14,106	$ 15,542
Long-term deferred revenue	$ 13,847	$ 12,983	$ 13,847	$ 12,983	$ 14,744

INVESTMENTS - Schedule of Gains and Losses on Equity and Other Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Marketable securities:
Unrealized gain	$ 0	$ 50	$ 1	$ 57
Unrealized loss	0	(10)	(23)	(29)
Net unrealized gain (loss)	0	40	(22)	28
Non-marketable securities:
Unrealized gain	6	0	15	72
Unrealized loss	(3)	(13)	(49)	(333)
Net unrealized gain (loss)	3	(13)	(34)	(261)
Net unrealized gain (loss) on equity and other securities	$ 3	$ 27	$ (56)	$ (233)

RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Nov. 03, 2023

Schedule of Related Party Transactions

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


		Three Months Ended				Nine Months Ended
	Classification	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

		(in millions)
Sales and leases of products to VMware	Net revenue - products	$	16	$	49	$	94	$	130
Purchase of VMware products for resale	Cost of net revenue - products	$	379	$	281	$	970	$	962
Purchase of VMware services for resale	Cost of net revenue - services	$	884	$	733	$	2,640	$	2,204


	Classification	November 3, 2023		February 3, 2023

		(in millions)
Deferred costs related to VMware products and services for resale	Other current assets	$	2,926	$	3,000
Deferred costs related to VMware products and services for resale	Other non-current assets	$	2,201	$	2,537


	November 3, 2023		February 3, 2023

	(in millions)
Due from related party, net, current (a)	$	386	$	378
Due from related party, net, non-current (b)	$	239	$	440
Due to related party, current (c)	$	1,246	$	2,067
Due to related party, non-current (d)	$	11	$	—

____________________

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

(c) Amounts due to related party, current included amounts due to VMware, which are generally settled in cash within 60 days of each quarter-end.

(d) Amounts due to related party, non-current are included in other non-current liabilities.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Nov. 03, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Instruments

The following table presents the notional amounts of outstanding derivative instruments as of the dates indicated:


	November 3, 2023		February 3, 2023

	(in millions)
Foreign exchange contracts:
Designated as cash flow hedging instruments	$	7,317	$	7,746
Non-designated as hedging instruments	6,290		6,833
Total	$	13,607	$	14,579
Interest rate contracts:
Designated as fair value hedging instruments	$	—	$	1,000
Non-designated as hedging instruments	6,107		7,214
Total	$	6,107	$	8,214

Schedule of Derivative Instruments Designated as Cash Flow 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 November 3, 2023:
			Total net revenue	$	83
Foreign exchange contracts	$	171	Total cost of net revenue	1
Interest rate contracts	—		Interest and other, net	—
Total	$	171	Total	$	84

For the three months ended October 28, 2022:
			Total net revenue	$	324
Foreign exchange contracts	$	306	Total cost of net revenue	—
Interest rate contracts	—		Interest and other, net	—
Total	$	306	Total	$	324


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 nine months ended November 3, 2023:
			Total net revenue	$	(68)
Foreign exchange contracts	$	230	Total cost of net revenue	(7)
Interest rate contracts	—		Interest and other, net	—
Total	$	230	Total	$	(75)

For the nine months ended October 28, 2022:
			Total net revenue	$	754
Foreign exchange contracts	$	844	Total cost of net revenue	(28)
Interest rate contracts	—		Interest and other, net	—
Total	$	844	Total	$	726

Schedule of Derivative Instruments Not Designated as Hedging Instruments

The following table presents the effect of derivative instruments not designated as hedging instruments on the Condensed Consolidated Statements of Income for the periods indicated:


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022		Location of Gain (Loss) Recognized

	(in millions)
Foreign exchange contracts	$	(114)	$	71	$	(97)	$	(234)	Interest and other, net
Interest rate contracts	2		46		5		64		Interest and other, net

Total	$	(112)	$	117	$	(92)	$	(170)

Schedule of Fair Value of Derivative Instruments

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


	November 3, 2023
	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	$	124	$	—	$	28	$	—	$	152
Foreign exchange contracts in a liability position	(8)		—		(5)		—		(13)
Interest rate contracts in an asset position	—		—		—		—		—
Interest rate contracts in a liability position	—		—		—		—		—
Net asset (liability)	116		—		23		—		139
Derivatives not designated as hedging instruments:
Foreign exchange contracts in an asset position	213		—		86		—		299
Foreign exchange contracts in a liability position	(177)		—		(153)		—		(330)
Interest rate contracts in an asset position	6		57		—		—		63
Interest rate contracts in a liability position	—		—		(15)		(17)		(32)
Net asset (liability)	42		57		(82)		(17)		—
Total derivatives at fair value	$	158	$	57	$	(59)	$	(17)	$	139

	February 3, 2023
	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	$	7	$	—	$	30	$	—	$	37
Foreign exchange contracts in a liability position	(21)		—		(142)		—		(163)
Interest rate contracts in an asset position	—		—		—		—		—
Interest rate contracts in a liability position	—		—		—		(6)		(6)
Net asset (liability)	(14)		—		(112)		(6)		(132)
Derivatives not designated as hedging instruments:
Foreign exchange contracts in an asset position	282		1		368		—		651
Foreign exchange contracts in a liability position	(121)		—		(614)		(1)		(736)
Interest rate contracts in an asset position	14		133		—		—		147
Interest rate contracts in a liability position	—		—		—		(95)		(95)
Net asset (liability)	175		134		(246)		(96)		(33)
Total derivatives at fair value	$	161	$	134	$	(358)	$	(102)	$	(165)

Schedule of Gross Amounts of the Company’s Derivative Instruments


	November 3, 2023
	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 of Assets/ (Liabilities) Recognized in the Statement of Financial Position
							Financial Instruments		Cash Collateral Received or Pledged

	(in millions)
Derivative instruments:
Financial assets	$	514	$	(299)	$	215	$	—	$	(21)	$	194
Financial liabilities	(375)		299		(76)		—		17		(59)
Total derivative instruments	$	139	$	—	$	139	$	—	$	(4)	$	135

	February 3, 2023
	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 of Assets/ (Liabilities) Recognized in the Statement of Financial Position
							Financial Instruments		Cash Collateral Received or Pledged

	(in millions)
Derivative instruments:
Financial assets	$	835	$	(540)	$	295	$	—	$	—	$	295
Financial liabilities	(1,000)		540		(460)		—		25		(435)
Total derivative instruments	$	(165)	$	—	$	(165)	$	—	$	25	$	(140)

Schedule of Amounts Offset Due to Master Netting Agreements


	November 3, 2023
	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 of Assets/ (Liabilities) Recognized in the Statement of Financial Position
							Financial Instruments		Cash Collateral Received or Pledged

	(in millions)
Derivative instruments:
Financial assets	$	514	$	(299)	$	215	$	—	$	(21)	$	194
Financial liabilities	(375)		299		(76)		—		17		(59)
Total derivative instruments	$	139	$	—	$	139	$	—	$	(4)	$	135

	February 3, 2023
	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 of Assets/ (Liabilities) Recognized in the Statement of Financial Position
							Financial Instruments		Cash Collateral Received or Pledged

	(in millions)
Derivative instruments:
Financial assets	$	835	$	(540)	$	295	$	—	$	—	$	295
Financial liabilities	(1,000)		540		(460)		—		25		(435)
Total derivative instruments	$	(165)	$	—	$	(165)	$	—	$	25	$	(140)

CAPITALIZATION - Schedule of Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Millions													3 Months Ended		9 Months Ended
	Nov. 03, 2023	Sep. 28, 2023	Aug. 04, 2023	Jun. 16, 2023	May 05, 2023	Mar. 02, 2023	Oct. 28, 2022	Sep. 06, 2022	Jul. 29, 2022	Jun. 07, 2022	Apr. 29, 2022	Feb. 24, 2022	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Equity [Abstract]
Dividend declared (in dollars per share)		$ 0.37		$ 0.37		$ 0.37		$ 0.33		$ 0.33		$ 0.33	$ 0.37	$ 0.33	$ 1.11	$ 0.99
Dividend paid (in dollars per share)	$ 0.37		$ 0.37		$ 0.37		$ 0.33		$ 0.33		$ 0.33
Dividends		$ 266		$ 268		$ 270		$ 238		$ 242		$ 248	$ 276	$ 241	$ 838	$ 742

INVESTMENTS - Schedule of Carrying Value of Equity and Other Securities (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Marketable
Cost	$ 12	$ 56
Unrealized Gain	19	17
Unrealized Loss	(26)	(40)
Carrying Value	5	33
Non-marketable
Cost	729	714
Unrealized Gain	666	651
Unrealized Loss	(149)	(100)
Carrying Value	1,246	1,265
Total equity and other securities
Cost	741	770
Unrealized Gain	685	668
Unrealized Loss	(175)	(140)
Carrying Value	$ 1,251	$ 1,298

SEGMENT INFORMATION

9 Months Ended

Nov. 03, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

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

ISG enables the Company’s customers’ digital transformation with solutions that address the fundamental shift to multicloud environments, machine learning, artificial intelligence (“AI”), and data analytics. The Company’s comprehensive storage portfolio includes traditional as well as next-generation storage solutions, including all-flash arrays, scale-out file, object platforms, hyperconverged infrastructure, and software-defined storage. The Company’s server portfolio includes high-performance rack, blade, and tower servers. The Company’s servers are designed with the capability to run high value workloads across customers’ IT environments, including the training, fine-tuning, and operationalization of AI models. The ISG networking portfolio helps the Company’s 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, docking stations, and other electronics), as well as third-party software and peripherals. CSG also includes services offerings, including support and deployment, configuration, and extended warranty services.

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 operating results 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.

Pursuant to the Commercial Framework Agreement (the “CFA”) established between Dell Technologies and VMware in connection with the VMware Spin-off, Dell Technologies acts as a distributor of VMware’s standalone products and services and purchases such products and services for resale to end-user customers (“VMware Resale”). Dell Technologies also integrates VMware’s products and services with Dell Technologies’ offerings and sells them to end users. The results of standalone VMware Resale transactions are reflected in other businesses. The results of integrated offering transactions are reflected within CSG or ISG, depending upon the nature of the underlying offering sold. Subsequent to the close of the Company’s third quarter of Fiscal 2024, Broadcom Inc. completed its acquisition of VMware. See Note 18 of the Notes to the Condensed Consolidated Financial Statements for more information about the impact of the transaction on the Company’s relationship with VMware.

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 segment operating income to the Company’s consolidated operating income for the periods indicated:


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Consolidated net revenue:
Infrastructure Solutions Group	$	8,499	$	9,630	$	24,553	$	28,451
Client Solutions Group	12,276		13,775		37,201		44,852
Reportable segment net revenue	20,775		23,405		61,754		73,303
Other businesses (a)	1,474		1,313		4,345		3,951
Unallocated transactions (b)	2		3		8		8

Total consolidated net revenue	$	22,251	$	24,721	$	66,107	$	77,262

Consolidated operating income:
Infrastructure Solutions Group	$	1,069	$	1,374	$	2,858	$	3,502
Client Solutions Group	925		1,060		2,786		3,153
Reportable segment operating income	1,994		2,434		5,644		6,655
Other businesses (a)	(32)		(57)		(112)		(192)
Unallocated transactions (b)	2		3		7		4
Impact of purchase accounting (c)	(2)		(21)		(10)		(33)
Amortization of intangibles	(205)		(245)		(613)		(732)
Transaction-related expenses (d)	(3)		(8)		(9)		(16)
Stock-based compensation expense (e)	(227)		(235)		(675)		(703)
Other corporate expenses (f)	(41)		(109)		(512)		(401)
Total consolidated operating income	$	1,486	$	1,762	$	3,720	$	4,582

____________________

(a)Other businesses consists of (i) VMware Resale, (ii) Secureworks, and (iii) Virtustream, and do not meet the requirements for a reportable segment, either individually or collectively.

(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 that was completed in September 2016.

(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 severance, impairment charges, facility action, payroll taxes associated with stock-based compensation, and other costs.

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
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Net revenue:
Infrastructure Solutions Group:
Servers and networking	$	4,656	$	5,201	$	12,767	$	15,458
Storage	3,843		4,429		11,786		12,993
Total ISG net revenue	$	8,499	$	9,630	$	24,553	$	28,451
Client Solutions Group:
Commercial	$	9,835	$	10,747	$	30,251	$	34,859
Consumer	2,441		3,028		6,950		9,993
Total CSG net revenue	$	12,276	$	13,775	$	37,201	$	44,852

- 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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Notional Amounts of Outstanding Derivative Instruments (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Foreign exchange contracts
Derivative [Line Items]
Notional amount	$ 13,607	$ 14,579
Foreign exchange contracts \| Designated as cash flow hedging instruments
Derivative [Line Items]
Notional amount	7,317	7,746
Foreign exchange contracts \| Non-designated as hedging instruments
Derivative [Line Items]
Notional amount	6,290	6,833
Interest rate contracts
Derivative [Line Items]
Notional amount	6,107	8,214
Interest rate contracts \| Designated as cash flow hedging instruments
Derivative [Line Items]
Notional amount	0	1,000
Interest rate contracts \| Non-designated as hedging instruments
Derivative [Line Items]
Notional amount	$ 6,107	$ 7,214

FAIR VALUE MEASUREMENTS - Schedule of Carrying Value and Estimated Fair Value of Outstanding Debt (Details) - USD ($) $ in Billions	Nov. 03, 2023	Feb. 03, 2023
Carrying Value \| Senior Notes \| Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	$ 16.0	$ 18.1
Carrying Value \| Legacy Notes and Debentures \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	0.9	0.9
Carrying Value \| DFS Debt \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	9.6	10.3
Fair Value \| Senior Notes \| Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	15.6	18.2
Fair Value \| Legacy Notes and Debentures \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	0.9	1.0
Fair Value \| DFS Debt \| Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	$ 9.1	$ 9.9

DEBT - Schedule of Aggregate Future Maturities (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Total maturities, principal amount
2024 (remaining three months)	$ 1,492
2025	5,931
2026	2,862
2027	6,142
2028	1,116
Thereafter	9,317
Total DFS debt	26,860	$ 29,867
Associated carrying value adjustments
2024 (remaining three months)	(2)
2025	(7)
2026	(6)
2027	(33)
2028	(8)
Thereafter	(187)
Total	(243)
Total maturities, carrying value amount
2024 (remaining three months)	1,490
2025	5,924
2026	2,856
2027	6,109
2028	1,108
Thereafter	9,130
Total debt, carrying value	26,617	$ 29,588
Senior Notes
Total maturities, principal amount
2024 (remaining three months)	0
2025	1,000
2026	1,000
2027	5,250
2028	500
Thereafter	8,357
Total DFS debt	16,107
Legacy Notes and Debentures
Total maturities, principal amount
2024 (remaining three months)	0
2025	0
2026	0
2027	0
2028	0
Thereafter	952
Total DFS debt	952
DFS Debt
Total maturities, principal amount
2024 (remaining three months)	1,479
2025	4,807
2026	1,833
2027	884
2028	610
Thereafter	7
Total DFS debt	9,620
Other
Total maturities, principal amount
2024 (remaining three months)	13
2025	124
2026	29
2027	8
2028	6
Thereafter	1
Total DFS debt	$ 181

SEGMENT INFORMATION - Schedule of Reconciliation of Revenue from Segments to Consolidated Net Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Segment Reporting Information [Line Items]
Total net revenue	$ 22,251	$ 24,721	$ 66,107	$ 77,262
Consolidated operating income (loss)	1,486	1,762	3,720	4,582
Amortization of intangibles	(205)	(245)	(613)	(732)
Operating Segments
Segment Reporting Information [Line Items]
Total net revenue	20,775	23,405	61,754	73,303
Consolidated operating income (loss)	1,994	2,434	5,644	6,655
Operating Segments \| Infrastructure Solutions Group
Segment Reporting Information [Line Items]
Total net revenue	8,499	9,630	24,553	28,451
Consolidated operating income (loss)	1,069	1,374	2,858	3,502
Operating Segments \| Client Solutions Group
Segment Reporting Information [Line Items]
Total net revenue	12,276	13,775	37,201	44,852
Consolidated operating income (loss)	925	1,060	2,786	3,153
Operating Segments \| Other businesses
Segment Reporting Information [Line Items]
Total net revenue	1,474	1,313	4,345	3,951
Consolidated operating income (loss)	(32)	(57)	(112)	(192)
Unallocated transactions
Segment Reporting Information [Line Items]
Total net revenue	2	3	8	8
Consolidated operating income (loss)	2	3	7	4
Other corporate expenses	(41)	(109)	(512)	(401)
Reconciling items
Segment Reporting Information [Line Items]
Impact of purchase accounting	(2)	(21)	(10)	(33)
Amortization of intangibles	(205)	(245)	(613)	(732)
Transaction-related expenses	(3)	(8)	(9)	(16)
Stock-based compensation expense	$ (227)	$ (235)	$ (675)	$ (703)

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Pay vs Performance Disclosure
Net income (loss)	$ 1,006	$ 245	$ 2,051	$ 1,828

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
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-Publisher FASB
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Paragraph 11
-Subparagraph (a)
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147480167/946-830-55-10

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (f)
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
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-Subparagraph (a)
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+ Details

FINANCIAL SERVICES - Schedule of Future Payments to be Received in Operating Lease Contracts (Details) $ in Millions	Nov. 03, 2023 USD ($)
Operating Leases
Fiscal 2024 (remaining three months)	$ 330
Fiscal 2025	974
Fiscal 2026	628
Fiscal 2027	272
Fiscal 2028 and beyond	113
Total	$ 2,317

GOODWILL AND INTANGIBLE ASSETS - Schedule of Finite-Lived and Indefinite-Lived Intangible Assets (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022	Feb. 03, 2023
Goodwill [Line Items]
Gross	$ 27,349,000,000		$ 27,349,000,000		$ 27,297,000,000
Accumulated Amortization	(24,527,000,000)		(24,527,000,000)		(23,914,000,000)
Finite-Lived Intangible Assets, Net, Total	2,822,000,000		2,822,000,000		3,383,000,000
Total intangible assets	30,434,000,000		30,434,000,000		30,382,000,000
Intangible assets, net	5,907,000,000		5,907,000,000		6,468,000,000
Amortization expense	205,000,000	$ 245,000,000	613,000,000	$ 732,000,000
Impairment charges	0	$ 0	0	$ 0
Trade names
Goodwill [Line Items]
Indefinite-lived trade names	3,085,000,000		3,085,000,000		3,085,000,000
Customer relationships
Goodwill [Line Items]
Gross	16,968,000,000		16,968,000,000		16,956,000,000
Accumulated Amortization	(14,817,000,000)		(14,817,000,000)		(14,474,000,000)
Finite-Lived Intangible Assets, Net, Total	2,151,000,000		2,151,000,000		2,482,000,000
Developed technology
Goodwill [Line Items]
Gross	9,506,000,000		9,506,000,000		9,466,000,000
Accumulated Amortization	(8,897,000,000)		(8,897,000,000)		(8,660,000,000)
Finite-Lived Intangible Assets, Net, Total	609,000,000		609,000,000		806,000,000
Trade names
Goodwill [Line Items]
Gross	875,000,000		875,000,000		875,000,000
Accumulated Amortization	(813,000,000)		(813,000,000)		(780,000,000)
Finite-Lived Intangible Assets, Net, Total	$ 62,000,000		$ 62,000,000		$ 95,000,000

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Gross Amounts of the Company’s Derivative Instruments, Amounts Offset Due to Master Netting Agreements (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Financial assets
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets, Other non-current assets	Other current assets, Other non-current assets
Gross Amounts of Recognized Assets/ (Liabilities)	$ 514	$ 835
Gross Amounts Offset in the Statement of Financial Position	(299)	(540)
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	215	295
Financial Instruments	0	0
Cash Collateral Received or Pledged	(21)	0
Net Amount of Assets/ (Liabilities) Recognized in the Statement of Financial Position	$ 194	$ 295
Financial liabilities
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued and other, Other non-current liabilities	Accrued and other, Other non-current liabilities
Gross Amounts of Recognized Assets/ (Liabilities)	$ (375)	$ (1,000)
Gross Amounts Offset in the Statement of Financial Position	299	540
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	(76)	(460)
Financial Instruments	0	0
Cash Collateral Received or Pledged	17	25
Net Amount of Assets/ (Liabilities) Recognized in the Statement of Financial Position	(59)	(435)
Total derivative instruments
Gross Amounts of Recognized Assets/ (Liabilities)	139	(165)
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	139	(165)
Financial Instruments	0	0
Cash Collateral Received or Pledged	(4)	25
Net Amount of Assets/ (Liabilities) Recognized in the Statement of Financial Position	$ 135	$ (140)

DEFERRED REVENUE - Narrative (Details) $ in Billions	Nov. 03, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 39
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-11-04
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	58.00%
Deferred revenue recognition period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-11-04
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue recognition period

INVESTMENTS (Tables)

9 Months Ended

Nov. 03, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Carrying Value of Equity and Other Securities


	November 3, 2023								February 3, 2023
	Cost		Unrealized Gain		Unrealized Loss		Carrying Value		Cost		Unrealized Gain		Unrealized Loss		Carrying Value

	(in millions)
Marketable	$	12	$	19	$	(26)	$	5	$	56	$	17	$	(40)	$	33
Non-marketable	729		666		(149)		1,246		714		651		(100)		1,265
Total equity and other securities	$	741	$	685	$	(175)	$	1,251	$	770	$	668	$	(140)	$	1,298

Schedule of Gains and Losses on Equity and Other Securities

The following table presents unrealized gains and losses on marketable and non-marketable equity and other securities for the periods indicated:


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Marketable securities:
Unrealized gain	$	—	$	50	$	1	$	57
Unrealized loss	—		(10)		(23)		(29)
Net unrealized gain (loss)	—		40		(22)		28
Non-marketable securities:
Unrealized gain	6		—		15		72
Unrealized loss	(3)		(13)		(49)		(333)
Net unrealized gain (loss) (a) (b)	3		(13)		(34)		(261)
Net unrealized gain (loss) on equity and other securities	$	3	$	27	$	(56)	$	(233)

____________________

Schedule of Fixed Income Debt Securities

The following table summarizes the Company’s debt securities as of the dates indicated:


	November 3, 2023								February 3, 2023
	Cost		Unrealized Gain		Unrealized Loss		Carrying Value		Cost		Unrealized Gain		Unrealized Loss		Carrying Value

	(in millions)
Fixed income debt securities	$	343	$	59	$	(92)	$	310	$	348	$	65	$	(95)	$	318

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

9 Months Ended

Nov. 03, 2023

Condensed Financial Information Disclosure [Abstract]

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

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


	November 3, 2023		February 3, 2023

	(in millions)
Cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$	8,298	$	8,607
Restricted cash - other current assets (a)	145		272
Restricted cash - other non-current assets (a)	5		15
Total cash, cash equivalents, and restricted cash	$	8,448	$	8,894
Inventories:
Production materials	$	1,875	$	3,225
Work-in-process	679		708
Finished goods	827		843
Total inventories	$	3,381	$	4,776


Deferred Costs:
Total deferred costs, current (b)	$	5,494	$	5,459
Property, plant, and equipment, net:
Computer equipment	$	7,534	$	6,899
Land and buildings	2,894		3,059
Machinery and other equipment	3,310		3,134
Total property, plant, and equipment	13,738		13,092
Accumulated depreciation and amortization	(7,516)		(6,883)
Total property, plant, and equipment, net	$	6,222	$	6,209

____________________

(a) Restricted cash includes cash required to be held in escrow pursuant to DFS securitization arrangements.

(b) Deferred costs are included in other current assets in the Condensed Consolidated Statements of Financial Position. Amounts classified as long-term deferred costs are included in other non-current assets and are not disclosed above.

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
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Warranty liability:
Warranty liability at beginning of period	$	439	$	463	$	467	$	480
Costs accrued for new warranty contracts and changes in estimates for pre-existing warranties (a)	208		243		605		710
Service obligations honored	(203)		(241)		(628)		(725)
Warranty liability at end of period	$	444	$	465	$	444	$	465

____________________

(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 those made for new warranty obligations.

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
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Severance liability:
Severance liability at beginning of period	$	457	$	88	$	408	$	74
Severance charges	22		97		434		160
Cash paid and other	(277)		(105)		(640)		(154)
Severance liability at end of period	$	202	$	80	$	202	$	80

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


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Severance charges:
Cost of net revenue	$	7	$	21	$	54	$	22
Selling, general, and administrative	14		57		365		114
Research and development	1		19		15		24
Total severance charges	$	22	$	97	$	434	$	160

Supply Chain Finance Program

The Company maintains a Supply Chain Finance Program (the “SCF Program”), which enables eligible suppliers of the Company, at the supplier's sole discretion, to sell receivables due from the Company to a third-party financial institution. The Company has no involvement in establishing the terms or conditions of the arrangement between its suppliers and the financial institution and no economic interest in a supplier's decision to sell a receivable. Suppliers may elect to sell varying amounts of their outstanding receivables as part of the SCF Program. The Company does not provide legally secured assets or other forms of guarantees under the arrangement.

The SCF Program does not impact the Company's liquidity as payments for participating supplier invoices are remitted by the Company to the financial institution on the original invoice due date, regardless of whether an individual invoice is sold by the supplier to the financial institution. Further, the Company negotiates payment terms with suppliers regardless of their decision to participate in the SCF Program. Payment terms with such suppliers vary and do not exceed 120 days.

Any amounts due to the financial institution for suppliers participating in the SCF Program are recorded within Accounts Payable on the Company's Condensed Consolidated Statements of Financial Position and associated payments are included in cash flows from operating activities on the Condensed Consolidated Statements of Cash Flows.

As of both November 3, 2023 and February 3, 2023, the Company had $1.0 billion included within Accounts Payable representing invoices due to suppliers confirmed as valid under the SCF Program.

Interest and other, net

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


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Interest and other, net:
Investment income, primarily interest	$	88	$	21	$	213	$	52
Gain (loss) on investments, net	8		44		(36)		(197)
Interest expense	(371)		(272)		(1,128)		(835)
Foreign exchange	(30)		(72)		(127)		(227)


Legal settlement, net	—		(1,000)		—		(1,000)
Other	(1)		(29)		(43)		(73)
Total interest and other, net	$	(306)	$	(1,308)	$	(1,121)	$	(2,280)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Nov. 03, 2023

Equity [Abstract]

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 February 3, 2023	$	(747)	$	(222)	$	(32)	$	(1,001)
Other comprehensive income (loss) before reclassifications	(130)		230		3		103
Amounts reclassified from accumulated other comprehensive income (loss)	—		75		—		75
Total change for the period	(130)		305		3		178

Balances as of November 3, 2023	$	(877)	$	83	$	(29)	$	(823)

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
	November 3, 2023		October 28, 2022
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total

	(in millions)
Total reclassifications, net of tax:
Net revenue	$	83	$	—	$	83	$	324	$	—	$	324
Cost of net revenue	1		—		1		—		—		—
Operating expenses	—		—		—		—		(1)		(1)


Total reclassifications, net of tax	$	84	$	—	$	84	$	324	$	(1)	$	323


	Nine Months Ended
	November 3, 2023		October 28, 2022
	Cash Flow Hedges		Pensions		Total		Cash Flow Hedges		Pensions		Total

	(in millions)
Total reclassifications, net of tax:
Net revenue	$	(68)	$	—	$	(68)	$	754	$	—	$	754
Cost of net revenue	(7)		—		(7)		(28)		—		(28)
Operating expenses	—		—		—		—		(1)		(1)


Total reclassifications, net of tax	$	(75)	$	—	$	(75)	$	726	$	(1)	$	725

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022	Feb. 03, 2023
Related Party Transaction [Line Items]
Total net revenue	$ 22,251	$ 24,721	$ 66,107	$ 77,262
Due To/From [Abstract]
Due from related party, net, non-current	239		239		$ 440
Related Party
Due To/From [Abstract]
Due from related party, net, current	386		386		378
Due from related party, net, non-current	239		239		440
Due to related party, current	1,246		1,246		2,067
Due to related party, non-current	11		11		0
Related Party \| Other current assets \| VMware, Inc.
Deferred Costs:
Total deferred charges	2,926		2,926		3,000
Related Party \| Other non-current assets \| VMware, Inc.
Deferred Costs:
Total deferred charges	2,201		2,201		$ 2,537
Products
Related Party Transaction [Line Items]
Total net revenue	16,233	18,938	48,204	60,212
Products \| Related Party
Related Party Transaction [Line Items]
Total net revenue	16	49	94	130
Cost of net revenue - products and services	379	281	970	962
Services
Related Party Transaction [Line Items]
Total net revenue	6,018	5,783	17,903	17,050
Services \| Related Party
Related Party Transaction [Line Items]
Cost of net revenue - products and services	$ 884	$ 733	$ 2,640	$ 2,204

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Derivative Instruments Designated and Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives	$ 171	$ 306	$ 230	$ 844
Gain (Loss) Reclassified from Accumulated OCI into Income	84	324	(75)	726
Effect on the consolidated statement of income	(112)	117	(92)	(170)
Total net revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	83	324	(68)	754
Total cost of net revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	1	0	(7)	(28)
Interest and other, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	0	0	0	0
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives	171	306	230	844
Foreign exchange contracts \| Interest and other, net
Derivative Instruments, Gain (Loss) [Line Items]
Effect on the consolidated statement of income	(114)	71	(97)	(234)
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]
Effect on the consolidated statement of income	$ 2	$ 46	$ 5	$ 64

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Nov. 03, 2023

Oct. 28, 2022

Nov. 03, 2023

Oct. 28, 2022

Accumulated Other Comprehensive Income (Loss) [Line Items]

Net revenue

$ 22,251

$ 24,721

$ 66,107

$ 77,262

Cost of net revenue

^[1]

(17,103)

(19,014)

(50,554)

(60,332)

Operating expenses

(3,662)

(3,945)

(11,833)

(12,348)

Net income

1,004

241

2,037

1,816

Total reclassifications, net of tax

Accumulated Other Comprehensive Income (Loss) [Line Items]

Net revenue

324

(68)

754

Cost of net revenue

(7)

(28)

Operating expenses

(1)

Net income

323

(75)

725

Total reclassifications, net of tax | Cash Flow Hedges

Accumulated Other Comprehensive Income (Loss) [Line Items]

Net revenue

324

(68)

754

Cost of net revenue

(7)

(28)

Operating expenses

Net income

324

(75)

726

Total reclassifications, net of tax | Pensions

Accumulated Other Comprehensive Income (Loss) [Line Items]

(1)

$ 0

$ (1)

$ 0

$ (1)

[1]


(a) Includes related party cost of net revenue as follows (Note 15):
Products	$	379	$	281	$	970	$	962
Services	$	884	$	733	$	2,640	$	2,204

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

+ Details

- Definition

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

+ References

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+ Details

- Definition

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).

+ References

+ Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Derivatives, Fair Value [Line Items]
Asset position	$ 514	$ 835
Liability position	(375)	(1,000)
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	139	(165)
Other Current Assets
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	158	161
Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	57	134
Other Current Liabilities
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	(59)	(358)
Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	(17)	(102)
Designated as cash flow hedging instruments
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	139	(132)
Designated as cash flow hedging instruments \| Other Current Assets
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	116	(14)
Designated as cash flow hedging instruments \| Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	0	0
Designated as cash flow hedging instruments \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	23	(112)
Designated as cash flow hedging instruments \| Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	0	(6)
Designated as cash flow hedging instruments \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset position	152	37
Liability position	(13)	(163)
Designated as cash flow hedging instruments \| Foreign exchange contracts \| Other Current Assets
Derivatives, Fair Value [Line Items]
Asset position	124	7
Liability position	(8)	(21)
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	28	30
Liability position	(5)	(142)
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
Designated as cash flow hedging instruments \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	0	(6)
Designated as cash flow hedging instruments \| Interest rate contracts \| Other Current Assets
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	0	0
Designated as cash flow hedging instruments \| Interest rate contracts \| Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	0	0
Designated as cash flow hedging instruments \| Interest rate contracts \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	0	0
Designated as cash flow hedging instruments \| Interest rate contracts \| Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	0	(6)
Non-designated as hedging instruments
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	0	(33)
Non-designated as hedging instruments \| Other Current Assets
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	42	175
Non-designated as hedging instruments \| Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	57	134
Non-designated as hedging instruments \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	(82)	(246)
Non-designated as hedging instruments \| Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	(17)	(96)
Non-designated as hedging instruments \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset position	299	651
Liability position	(330)	(736)
Non-designated as hedging instruments \| Foreign exchange contracts \| Other Current Assets
Derivatives, Fair Value [Line Items]
Asset position	213	282
Liability position	(177)	(121)
Non-designated as hedging instruments \| Foreign exchange contracts \| Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Asset position	0	1
Liability position	0	0
Non-designated as hedging instruments \| Foreign exchange contracts \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	86	368
Liability position	(153)	(614)
Non-designated as hedging instruments \| Foreign exchange contracts \| Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	0	(1)
Non-designated as hedging instruments \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset position	63	147
Liability position	(32)	(95)
Non-designated as hedging instruments \| Interest rate contracts \| Other Current Assets
Derivatives, Fair Value [Line Items]
Asset position	6	14
Liability position	0	0
Non-designated as hedging instruments \| Interest rate contracts \| Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Asset position	57	133
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	(15)	0
Non-designated as hedging instruments \| Interest rate contracts \| Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	$ (17)	$ (95)

EARNINGS PER SHARE

9 Months Ended

Nov. 03, 2023

Earnings Per Share [Abstract]

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


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022
Earnings per share attributable to Dell Technologies Inc.
Dell Technologies Common Stock — Basic	$	1.39	$	0.34	$	2.83	$	2.47
Dell Technologies Common Stock — Diluted	$	1.36	$	0.33	$	2.78	$	2.41

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


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Numerator: Dell Technologies Common Stock
Net income attributable to Dell Technologies Inc. - basic and diluted	$	1,006	$	245	$	2,051	$	1,828






Denominator: Dell Technologies Common Stock weighted-average shares outstanding
Weighted-average shares outstanding — basic	722		728		724		740
Dilutive effect of equity awards	18		15		14		19
Weighted-average shares outstanding — diluted	740		743		738		759
Weighted-average shares outstanding — antidilutive	—		18		5		11

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 1,004	$ 241	$ 2,037	$ 1,816
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(155)	(196)	(130)	(620)
Cash flow hedges:
Change in unrealized gains	171	306	230	844
Reclassification adjustment for net (gains) losses included in net income	(84)	(324)	75	(726)
Net change in cash flow hedges	87	(18)	305	118
Pension and other postretirement plans:
Recognition of actuarial net gains (losses) from pension and other postretirement plans	2	(2)	3	11
Reclassification adjustments for net losses from pension and other postretirement plans	0	1	0	1
Net change in actuarial net gains (losses) from pension and other postretirement plans	2	(1)	3	12
Total other comprehensive income (loss), net of tax expense (benefit) of $6 and $6, respectively, and $18 and $14, respectively	(66)	(215)	178	(490)
Comprehensive income, net of tax	938	26	2,215	1,326
Less: Net loss attributable to non-controlling interests	(2)	(4)	(14)	(12)
Less: Other comprehensive loss attributable to non-controlling interests	0	0	0	(1)
Comprehensive income attributable to Dell Technologies Inc.	$ 940	$ 30	$ 2,229	$ 1,339

LEASES - Narrative (Details)	Nov. 03, 2023
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 month
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	10 years

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss	$ 74	$ 78
Short-term financing receivables, allowance	73	142
Long-term financing receivables, allowance	$ 80	$ 59
Common stock, par or value (in dollars per share)	$ 0.01	$ 0.01

DEFERRED REVENUE

9 Months Ended

Nov. 03, 2023

Revenue from Contract with Customer [Abstract]

DEFERRED REVENUE

Deferred revenue consists of support and deployment services, software maintenance, training, Software-as-a-Service, and undelivered hardware and professional services, consisting of installations and consulting engagements. Deferred revenue is recorded when the Company has invoiced or payments have been received for undelivered products or services where transfer of control has not occurred. Revenue is 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
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Deferred revenue:
Deferred revenue at beginning of period	$	30,312	$	28,025	$	30,286	$	27,573
Revenue deferrals	4,492		4,128		15,236		14,675
Revenue recognized	(5,766)		(5,064)		(16,484)		(14,994)
Other (a)	15		—		15		(165)
Deferred revenue at end of period	$	29,053	$	27,089	$	29,053	$	27,089
Short-term deferred revenue	$	15,206	$	14,106	$	15,206	$	14,106
Long-term deferred revenue	$	13,847	$	12,983	$	13,847	$	12,983

____________________

(a) For the nine months ended October 28, 2022, Other represents the reclassification of deferred revenue to accrued and other liabilities.

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 November 3, 2023 was approximately $39 billion. The Company expects to recognize approximately 58% 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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+ Details

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Narrative (Details) - Supply Chain Finance Program - Third-Party Financial Institution - USD ($) $ in Billions	9 Months Ended
	Nov. 03, 2023	Feb. 03, 2023
Restructuring Cost and Reserve [Line Items]
Payment term	120 days
Accounts payable	$ 1.0	$ 1.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

INCOME AND OTHER TAXES (Details) - USD ($) $ in Billions	3 Months Ended		9 Months Ended
INCOME AND OTHER TAXES (Details) - USD ($) $ in Billions	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022	Feb. 03, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	14.90%	46.90%	21.60%	21.10%
Income before income taxes	$ 1.2	$ 0.5	$ 2.6	$ 2.3
Unrecognized tax benefits	1.2		1.2		$ 1.3
Reasonably possible decrease in unrecognized tax benefits	$ 0.4		$ 0.4

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Schedule of Information on Selected Assets (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023	Oct. 28, 2022	Jan. 28, 2022
Cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$ 8,298	$ 8,607
Restricted cash - other current assets	145	272
Restricted cash - other non-current assets	5	15
Total cash, cash equivalents, and restricted cash	8,448	8,894	$ 5,224	$ 10,082
Inventories:
Production materials	1,875	3,225
Work-in-process	679	708
Finished goods	827	843
Total inventories	3,381	4,776
Deferred Costs:
Total deferred costs, current	5,494	5,459
Property, plant, and equipment, net:
Total property, plant, and equipment	13,738	13,092
Accumulated depreciation and amortization	(7,516)	(6,883)
Total property, plant, and equipment, net	6,222	6,209
Computer equipment
Property, plant, and equipment, net:
Total property, plant, and equipment	7,534	6,899
Land and buildings
Property, plant, and equipment, net:
Total property, plant, and equipment	2,894	3,059
Machinery and other equipment
Property, plant, and equipment, net:
Total property, plant, and equipment	$ 3,310	$ 3,134

LEASES

9 Months Ended

Nov. 03, 2023

Leases [Abstract]

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 November 3, 2023, the remaining terms of the Company’s leases range from one month to approximately ten years. As of November 3, 2023 and February 3, 2023, there were no material finance leases in which the Company was a lessee.

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 about the Company’s lessor arrangements.

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


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Operating lease costs	$	79	$	67	$	221	$	207
Variable costs	19		25		62		73
Total lease costs	$	98	$	92	$	283	$	280

For both the nine months ended November 3, 2023 and October 28, 2022, 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	November 3, 2023			February 3, 2023

		(in millions, except for term and discount rate)
Operating lease right-of-use assets	Other non-current assets	$	711		$	725

Current operating lease liabilities	Accrued and other current liabilities	$	246		$	260
Non-current operating lease liabilities	Other non-current liabilities	588			630
Total operating lease liabilities		$	834		$	890

Weighted-average remaining lease term (in years)		4.49			4.95
Weighted-average discount rate		4.71		%	3.48		%

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


	Nine Months Ended
	November 3, 2023		October 28, 2022

	(in millions)
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$	220	$	230

Right-of-use assets obtained in exchange for new operating lease liabilities	$	205	$	134


	November 3, 2023
	(in millions)
Fiscal 2024 (remaining three months)	$	63
Fiscal 2025	240
Fiscal 2026	194
Fiscal 2027	157
Fiscal 2028	113
Thereafter	145
Total lease payments	912
Less: Imputed interest	(78)
Total	$	834
Current operating lease liabilities	$	246
Non-current operating lease liabilities	$	588

As of November 3, 2023, the Company’s undiscounted operating leases that had not yet commenced were immaterial.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Current assets:
Cash and cash equivalents	$ 8,298	$ 8,607
Short-term financing receivables, net of allowance of $73 and $142 (Note 4)	4,540	5,281
Inventories	3,381	4,776
Other current assets	10,662	10,827
Total current assets	36,987	42,351
Property, plant, and equipment, net	6,222	6,209
Long-term investments	1,294	1,518
Long-term financing receivables, net of allowance of $80 and $59 (Note 4)	5,773	5,638
Goodwill	19,616	19,676
Intangible assets, net	5,907	6,468
Due from related party, net	239	440
Other non-current assets	7,226	7,311
Total assets	83,264	89,611
Current liabilities:
Short-term debt	6,498	6,573
Accrued and other	6,449	8,874
Short-term deferred revenue	15,206	15,542
Total current liabilities	48,877	51,654
Long-term debt	20,119	23,015
Long-term deferred revenue	13,847	14,744
Other non-current liabilities	2,991	3,223
Total liabilities	85,834	92,636
Commitments and contingencies (Note 10)
Stockholders’ equity (deficit):
Common stock and capital in excess of $0.01 par value (Note 13)	8,742	8,424
Treasury stock at cost	(5,064)	(3,813)
Accumulated deficit	(5,519)	(6,732)
Accumulated other comprehensive loss	(823)	(1,001)
Total Dell Technologies Inc. stockholders’ equity (deficit)	(2,664)	(3,122)
Non-controlling interests	94	97
Total stockholders’ equity (deficit)	(2,570)	(3,025)
Total liabilities and stockholders’ equity	83,264	89,611
Nonrelated Party
Current assets:
Accounts receivable, net of allowance & Due from related party, net	9,720	12,482
Current liabilities:
Accounts payable & Due to related party	19,478	18,598
Related Party
Current assets:
Accounts receivable, net of allowance & Due from related party, net	386	378
Due from related party, net	239	440
Current liabilities:
Accounts payable & Due to related party	$ 1,246	$ 2,067

LEASES - Schedule of Supplemental Information Related to Operating Leases (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Leases [Abstract]
Operating lease right-of-use assets	$ 711	$ 725
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other non-current assets	Other non-current assets
Current operating lease liabilities	$ 246	$ 260
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued and other	Accrued and other
Non-current operating lease liabilities	$ 588	$ 630
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities	Other non-current liabilities
Total operating lease liabilities	$ 834	$ 890
Weighted-average remaining lease term (in years)	4 years 5 months 26 days	4 years 11 months 12 days
Weighted-average discount rate	4.71%	3.48%

INVESTMENTS - Narrative (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Investments	$ 1,600	$ 1,600
Fixed income debt securities
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Mature within one year	267
Mature in two to five years	$ 43

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A

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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

FINANCIAL SERVICES - Schedule of Changes in the Allowance for Financing Receivable Losses (Details) - Customer Financing Receivables - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period	$ 149	$ 183	$ 201	$ 189
Charge-offs, net of recoveries	(7)	(13)	(42)	(42)
Provision charged to income statement	11	16	68	39
Other			(74)	0
Balances at end of period	153	186	153	186
Revolving
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period	9	91	88	102
Charge-offs, net of recoveries	(4)	(12)	(37)	(37)
Provision charged to income statement	4	8	32	22
Other			(74)	0
Balances at end of period	9	87	9	87
Fixed-term
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period	140	92	113	87
Charge-offs, net of recoveries	(3)	(1)	(5)	(5)
Provision charged to income statement	7	8	36	17
Other			0	0
Balances at end of period	$ 144	$ 99	$ 144	$ 99

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

DEBT - 2021 Revolving Credit Facility (Narrative) (Details) - USD ($)	9 Months Ended
	Nov. 03, 2023	Nov. 01, 2021
2021 Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 6,000,000,000
Outstanding borrowings under credit facility	$ 0
2021 Revolving Credit Facility \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
2021 Revolving Credit Facility, Letter Of Credit Sub Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		500,000,000
2021 Revolving Credit Facility, Swing-Line Sub Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		500,000,000
2021 Revolving Credit Facility, Incremental Commitments
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 10,000,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

OVERVIEW AND BASIS OF PRESENTATION (Details) - USD ($) $ in Millions	Oct. 04, 2023	Nov. 03, 2023	Aug. 04, 2023	Feb. 03, 2023	Oct. 28, 2022	Jul. 29, 2022	Jan. 28, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total stockholders’ equity (deficit)		$ (2,570)	$ (2,677)	$ (3,025)	$ (3,368)	$ (2,755)	$ (1,580)
Revolving
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash transaction	$ 390
Derecognized transferred receivables	$ 380
Non-Controlling Interests
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total stockholders’ equity (deficit)		$ 94	$ 95	$ 97	$ 101	$ 105	$ 105
SecureWorks
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Outstanding equity interest held (as a percent)		81.10%		82.60%
SecureWorks \| Non-Controlling Interests
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total stockholders’ equity (deficit)		$ 94		$ 97

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

+ Details

FAIR VALUE MEASUREMENTS

9 Months Ended

Nov. 03, 2023

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

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:


	November 3, 2023								February 3, 2023
	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:

Money market funds	$	4,176	$	—	$	—	$	4,176	$	4,301	$	—	$	—	$	4,301






Marketable equity and other securities	5		—		—		5		33		—		—		33
Derivative instruments	—		215		—		215		—		295		—		295
Total assets	$	4,181	$	215	$	—	$	4,396	$	4,334	$	295	$	—	$	4,629
Liabilities:
Derivative instruments	$	—	$	76	$	—	$	76	$	—	$	460	$	—	$	460
Total liabilities	$	—	$	76	$	—	$	76	$	—	$	460	$	—	$	460

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

Money Market Funds — The Company’s investment 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 money market fund liquidity on a quarterly basis. As of November 3, 2023, the Company’s portfolio had no material exposure to money market funds with a fluctuating net asset value.

Marketable Equity and Other Securities — 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 financial 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 a portion of their compensation. Assets were the same as liabilities associated with the plans at approximately $194 million and $179 million as of November 3, 2023 and February 3, 2023, 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 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 November 3, 2023 and February 3, 2023, the Company held strategic investments in non-marketable equity and other securities of $1.2 billion and $1.3 billion, respectively. As these investments represent early-stage companies without readily determinable fair values, they are not included in the recurring fair value table above. See Note 3 of the Notes to the Condensed Consolidated Financial Statements for additional information about the Company’s strategic investments.


	November 3, 2023				February 3, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value

	(in billions)

Senior Notes	$	16.0	$	15.6	$	18.1	$	18.2
Legacy Notes and Debentures	$	0.9	$	0.9	$	0.9	$	1.0
DFS Debt	$	9.6	$	9.1	$	10.3	$	9.9

The fair values of the outstanding debt shown in the table above 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.

- 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

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) shares in Millions, $ in Millions	Total	Dell Technologies Stockholders’ Equity (Deficit)	Common Stock and Capital in Excess of Par Value	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Income/(Loss)	Non-Controlling Interests
Beginning balance (in shares) at Jan. 28, 2022			777
Beginning balance at Jan. 28, 2022	$ (1,580)	$ (1,685)	$ 7,898	$ (964)	$ (8,188)	$ (431)	$ 105
Beginning balance (in shares) at Jan. 28, 2022				20
Increase (Decrease) in Stockholders' Equity
Net income	1,816	1,828			1,828		(12)
Dividends and dividend equivalents declared	(742)	(742)			(742)
Foreign currency translation adjustments	(620)	(619)				(619)	(1)
Cash flow hedges, net change	118	118				118
Pension and other post-retirement	12	12				12
Issuance of common stock, net of shares repurchased for employee tax withholding (in shares)			20
Issuance of common stock, net of shares repurchased for employee tax withholding	(366)	(366)	$ (366)
Stock-based compensation expense	703	677	677				26
Treasury stock repurchases (in shares)				59
Treasury stock repurchases	(2,699)	(2,699)		$ (2,699)
Impact from equity transactions of non-controlling interests	(10)	7	$ 7				(17)
Ending balance (in shares) at Oct. 28, 2022			797
Ending balance at Oct. 28, 2022	(3,368)	(3,469)	$ 8,216	$ (3,663)	(7,102)	(920)	101
Ending balance (in shares) at Oct. 28, 2022				79
Beginning balance (in shares) at Jul. 29, 2022			796
Beginning balance at Jul. 29, 2022	(2,755)	(2,860)	$ 8,005	$ (3,054)	(7,106)	(705)	105
Beginning balance (in shares) at Jul. 29, 2022				62
Increase (Decrease) in Stockholders' Equity
Net income	241	245			245		(4)
Dividends and dividend equivalents declared	(241)	(241)			(241)
Foreign currency translation adjustments	(196)	(196)				(196)
Cash flow hedges, net change	(18)	(18)				(18)
Pension and other post-retirement	(1)	(1)				(1)
Issuance of common stock, net of shares repurchased for employee tax withholding (in shares)			1
Issuance of common stock, net of shares repurchased for employee tax withholding	(22)	(22)	$ (22)
Stock-based compensation expense	235	226	226				9
Treasury stock repurchases (in shares)				17
Treasury stock repurchases	(609)	(609)		$ (609)
Impact from equity transactions of non-controlling interests	(2)	7	$ 7				(9)
Ending balance (in shares) at Oct. 28, 2022			797
Ending balance at Oct. 28, 2022	$ (3,368)	(3,469)	$ 8,216	$ (3,663)	(7,102)	(920)	101
Ending balance (in shares) at Oct. 28, 2022				79
Beginning balance (in shares) at Feb. 03, 2023	798		798
Beginning balance at Feb. 03, 2023	$ (3,025)	(3,122)	$ 8,424	$ (3,813)	(6,732)	(1,001)	97
Beginning balance (in shares) at Feb. 03, 2023				82
Increase (Decrease) in Stockholders' Equity
Net income	2,037	2,051			2,051		(14)
Dividends and dividend equivalents declared	(838)	(838)			(838)
Foreign currency translation adjustments	(130)	(130)				(130)
Cash flow hedges, net change	305	305				305
Pension and other post-retirement	3	3				3
Issuance of common stock, net of shares repurchased for employee tax withholding (in shares)			21
Issuance of common stock, net of shares repurchased for employee tax withholding	(339)	(339)	$ (339)
Stock-based compensation expense	675	650	650				25
Treasury stock repurchases (in shares)				22
Treasury stock repurchases	(1,251)	(1,251)		$ (1,251)
Impact from equity transactions of non-controlling interests	$ (7)	7	$ 7				(14)
Ending balance (in shares) at Nov. 03, 2023	819		819
Ending balance at Nov. 03, 2023	$ (2,570)	(2,664)	$ 8,742	$ (5,064)	(5,519)	(823)	94
Ending balance (in shares) at Nov. 03, 2023				104
Beginning balance (in shares) at Aug. 04, 2023			817
Beginning balance at Aug. 04, 2023	(2,677)	(2,772)	$ 8,554	$ (4,320)	(6,249)	(757)	95
Beginning balance (in shares) at Aug. 04, 2023				93
Increase (Decrease) in Stockholders' Equity
Net income	1,004	1,006			1,006		(2)
Dividends and dividend equivalents declared	(276)	(276)			(276)
Foreign currency translation adjustments	(155)	(155)				(155)
Cash flow hedges, net change	87	87				87
Pension and other post-retirement	2	2				2
Issuance of common stock, net of shares repurchased for employee tax withholding (in shares)			2
Issuance of common stock, net of shares repurchased for employee tax withholding	(36)	(36)	$ (36)
Stock-based compensation expense	227	217	217				10
Treasury stock repurchases (in shares)				11
Treasury stock repurchases	(744)	(744)		$ (744)
Impact from equity transactions of non-controlling interests	$ (2)	7	$ 7				(9)
Ending balance (in shares) at Nov. 03, 2023	819		819
Ending balance at Nov. 03, 2023	$ (2,570)	$ (2,664)	$ 8,742	$ (5,064)	$ (5,519)	$ (823)	$ 94
Ending balance (in shares) at Nov. 03, 2023				104

DEBT - Outstanding Debt (Narrative) (Details) - USD ($) $ in Billions	Jan. 24, 2023	Dec. 13, 2021	Apr. 09, 2020	Mar. 20, 2019	Jun. 22, 2016	Jun. 01, 2016
Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 2.0	$ 2.3	$ 2.3	$ 4.5	$ 3.3	$ 20.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

INCOME AND OTHER TAXES	9 Months Ended
INCOME AND OTHER TAXES	Nov. 03, 2023
Income Tax Disclosure [Abstract]
INCOME AND OTHER TAXES	INCOME AND OTHER TAXES For the three months ended November 3, 2023, the Company’s effective income tax rate was 14.9% on pre-tax income of $1.2 billion compared to 46.9% on pre-tax income of $0.5 billion for the three months ended October 28, 2022. The decline in the Company’s effective tax rate was primarily attributable to the impact of expenses recognized during the three months ended October 28, 2022 in connection with the agreement to settle the Class V transaction litigation described in Note 10 of the Notes to the Condensed Consolidated Financial Statements. Other changes in the Company’s effective income tax rate were attributable to higher U.S. tax on foreign operations, changes in the Company’s jurisdictional mix of income, and the impact of discrete tax items. For the nine months ended November 3, 2023, the Company’s effective income tax rate was 21.6% on pre-tax income of $2.6 billion compared to 21.1% on pre-tax income of $2.3 billion for the nine months ended October 28, 2022. The increase in the Company’s effective tax rate was attributable to higher U.S. tax on the Company’s foreign operations, changes in the Company’s jurisdictional mix of income, and the impact of discrete tax items, largely offset by the impact of the litigation expenses discussed above. The differences between the estimated effective income tax rates and the U.S. federal statutory rate of 21% principally result from the geographical distribution of income, differences between the book and tax treatment of certain items, and discrete tax items. 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 subject to these tax holidays and lower tax rates is attributable to Singapore and China. A significant portion of these income tax benefits relates to a tax holiday that will be effective until January 31, 2029. Most of the Company’s other tax holidays will expire in whole or in part during fiscal years 2030 through 2031. 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 or as a result of changes in tax legislation. As of November 3, 2023, the Company was not aware of any matters of noncompliance related to these tax holidays or enacted tax legislative changes affecting these tax holidays. In June 2023, the Company received Revenue Agent’s Reports for the examination by the Internal Revenue Service (“IRS”) of fiscal years 2015 through 2017 and fiscal years 2018 through 2019. The Company agreed with the IRS assessments relating to fiscal years 2015 through 2017 and settled those positions in August 2023. The impact to the financial statements for that settlement was not material. For fiscal years 2018 through 2019, the IRS proposed adjustments primarily relating to certain transactions the Company completed as part of its business integration efforts, with which the Company disagrees and which it will contest through the IRS administrative appeals procedures. In August 2023, the Company submitted a written protest to the IRS relating to certain assessments. The Company anticipates that the appeals process for the resolution of these matters will extend beyond the next twelve months. In September 2023, the IRS commenced a federal income tax examination of fiscal years 2020 through 2022. The Company is also currently under income tax audits in various U.S. state and foreign taxing jurisdictions. The Company is undergoing negotiations, and in some cases contested proceedings, relating to tax matters with the taxing authorities in these jurisdictions. 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. The Company believes that it has provided adequate reserves related to all matters contained in tax periods open to examination, including the IRS audits described above. 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. Judgment is required in evaluating the Company’s uncertain tax positions and determining the Company’s provision for income taxes. Unrecognized tax benefits were $1.2 billion and $1.3 billion as of November 3, 2023 and February 3, 2023, respectively, and are included in other non-current liabilities in the Condensed Consolidated Statements of Financial Position. Although the timing of resolution or closure of uncertain tax positions is not certain, the Company believes it is reasonably possible that certain tax matters in various jurisdictions could be concluded within the next twelve months. The resolution of these matters could reduce the Company’s unrecognized tax benefits up to $0.4 billion including interest and penalties. Such a reduction would have a material impact on the Company’s effective tax rate. 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

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+ Details

SEGMENT INFORMATION (Tables)

9 Months Ended

Nov. 03, 2023

Segment Reporting [Abstract]

Schedule of Reconciliation of Revenue from Segments to Consolidated Net Revenue


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Consolidated net revenue:
Infrastructure Solutions Group	$	8,499	$	9,630	$	24,553	$	28,451
Client Solutions Group	12,276		13,775		37,201		44,852
Reportable segment net revenue	20,775		23,405		61,754		73,303
Other businesses (a)	1,474		1,313		4,345		3,951
Unallocated transactions (b)	2		3		8		8

Total consolidated net revenue	$	22,251	$	24,721	$	66,107	$	77,262

Consolidated operating income:
Infrastructure Solutions Group	$	1,069	$	1,374	$	2,858	$	3,502
Client Solutions Group	925		1,060		2,786		3,153
Reportable segment operating income	1,994		2,434		5,644		6,655
Other businesses (a)	(32)		(57)		(112)		(192)
Unallocated transactions (b)	2		3		7		4
Impact of purchase accounting (c)	(2)		(21)		(10)		(33)
Amortization of intangibles	(205)		(245)		(613)		(732)
Transaction-related expenses (d)	(3)		(8)		(9)		(16)
Stock-based compensation expense (e)	(227)		(235)		(675)		(703)
Other corporate expenses (f)	(41)		(109)		(512)		(401)
Total consolidated operating income	$	1,486	$	1,762	$	3,720	$	4,582

____________________

(a)Other businesses consists of (i) VMware Resale, (ii) Secureworks, and (iii) Virtustream, and do not meet the requirements for a reportable segment, either individually or collectively.

(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 that was completed in September 2016.

(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 severance, impairment charges, facility action, payroll taxes associated with stock-based compensation, and other costs.

Schedule of Disaggregation of Net 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
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Net revenue:
Infrastructure Solutions Group:
Servers and networking	$	4,656	$	5,201	$	12,767	$	15,458
Storage	3,843		4,429		11,786		12,993
Total ISG net revenue	$	8,499	$	9,630	$	24,553	$	28,451
Client Solutions Group:
Commercial	$	9,835	$	10,747	$	30,251	$	34,859
Consumer	2,441		3,028		6,950		9,993
Total CSG net revenue	$	12,276	$	13,775	$	37,201	$	44,852

FAIR VALUE MEASUREMENTS - Schedule of Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Assets:
Marketable equity and other securities	$ 5	$ 33
Derivative instruments	215	295
Total assets	4,396	4,629
Liabilities:
Derivative instruments	76	460
Total liabilities	76	460
Level 1
Assets:
Marketable equity and other securities	5	33
Derivative instruments	0	0
Total assets	4,181	4,334
Liabilities:
Derivative instruments	0	0
Total liabilities	0	0
Level 2
Assets:
Marketable equity and other securities	0	0
Derivative instruments	215	295
Total assets	215	295
Liabilities:
Derivative instruments	76	460
Total liabilities	76	460
Level 3
Assets:
Marketable equity and other securities	0	0
Derivative instruments	0	0
Total assets	0	0
Liabilities:
Derivative instruments	0	0
Total liabilities	0	0
Money market funds
Assets:
Money market funds	4,176	4,301
Money market funds \| Level 1
Assets:
Money market funds	4,176	4,301
Money market funds \| Level 2
Assets:
Money market funds	0	0
Money market funds \| Level 3
Assets:
Money market funds	$ 0	$ 0

LEASES - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$ 220	$ 230
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 205	$ 134

CAPITALIZATION - Schedule of Stock by Class (Details) - shares shares in Millions	Nov. 03, 2023	Feb. 03, 2023
Class of Stock [Line Items]
Authorized (in shares)	8,800	8,800
Issued (in shares)	819	798
Outstanding (in shares)	715	716
Class A
Class of Stock [Line Items]
Authorized (in shares)	600	600
Issued (in shares)	379	379
Outstanding (in shares)	379	379
Class B
Class of Stock [Line Items]
Authorized (in shares)	200	200
Issued (in shares)	91	95
Outstanding (in shares)	91	95
Class C
Class of Stock [Line Items]
Authorized (in shares)	7,900	7,900
Issued (in shares)	349	324
Outstanding (in shares)	245	242
Class D
Class of Stock [Line Items]
Authorized (in shares)	100	100
Issued (in shares)	0	0
Outstanding (in shares)	0	0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 13
-Subparagraph (e)
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 505
-SubTopic 10
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-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Statement of Comprehensive Income [Abstract]
Tax expense (benefit)	$ 6	$ 6	$ 18	$ 14

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Section 45
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482659/740-20-45-2

+ Details

SEGMENT INFORMATION - Narrative (Details)	9 Months Ended
SEGMENT INFORMATION - Narrative (Details)	Nov. 03, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	2

OVERVIEW AND BASIS OF PRESENTATION (Policies)	9 Months Ended
OVERVIEW AND BASIS OF PRESENTATION (Policies)	Nov. 03, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidated Entities	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 February 3, 2023. 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 the Company as of November 3, 2023 and February 3, 2023, the results of its operations, corresponding comprehensive income, and changes in stockholders’ equity for the three and nine months ended November 3, 2023 and October 28, 2022, and its cash flows for the nine months ended November 3, 2023 and October 28, 2022. 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. Actual results could differ materially from those estimates. The results of the Company’s operations, corresponding comprehensive income, and changes in stockholders’ equity for the three and nine months ended November 3, 2023 and October 28, 2022, and its cash flows for the nine months ended November 3, 2023 and October 28, 2022 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 February 3, 2023 (“Fiscal 2023”) was a 53-week period while the fiscal year ending February 2, 2024 (“Fiscal 2024”) will be a 52-week period.
Principles of Consolidation	Principles of Consolidation — These Condensed Consolidated Financial Statements include the accounts of Dell Technologies Inc. and its wholly-owned subsidiaries, and the accounts of SecureWorks Corp. (“Secureworks”), which is majority-owned by Dell Technologies. All intercompany transactions have been eliminated.
Variable Interest Entities	Variable Interest Entities — The Company consolidates Variable Interest Entities ("VIEs") where it has been determined that the Company is the primary beneficiary of the applicable entities’ operations. For each VIE, the primary beneficiary is the party that has both the power to direct the activities that most significantly impact the VIE's economic performance and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to such VIE. In evaluating whether the Company is the primary beneficiary of each entity, the Company evaluates its power to direct the most significant activities of the VIE by considering the purpose and design of each entity and the risks each entity was designed to create and pass through to its respective variable interest holders. The Company also evaluates its economic interests in each of the VIEs. See Note 4 of the Notes to the Condensed Consolidated Financial Statements for more information regarding consolidated VIEs.
Money Market Funds	Money Market Funds — The Company’s investment 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 money market fund liquidity on a quarterly basis. As of November 3, 2023, the Company’s portfolio had no material exposure to money market funds with a fluctuating net asset value.
Marketable Equity and Other Securities	Marketable Equity and Other Securities — 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 financial 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 instruments. For derivatives designated as fair value hedges, the Company assesses hedge effectiveness on qualifying instruments using the shortcut method whereby the hedges are considered perfectly effective at the onset of the hedge and over the life of the hedging relationship.
Deferred Compensation Plans	Deferred Compensation Plans — The Company offers deferred compensation plans for eligible employees, which allow participants to defer a portion of their compensation. Assets were the same as liabilities associated with the plans at approximately $194 million and $179 million as of November 3, 2023 and February 3, 2023, 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 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.

FINANCIAL SERVICES - Schedule of Components of Operating Lease Portfolio Included in Property, Plant, and Equipment, Net (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Receivables [Abstract]
Equipment under operating lease, gross	$ 3,855	$ 3,725
Less: Accumulated depreciation	(1,721)	(1,517)
Equipment under operating lease, net	$ 2,134	$ 2,208

SEGMENT INFORMATION - Schedule of Disaggregation of Net Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Disaggregation of Revenue [Line Items]
Total net revenue	$ 22,251	$ 24,721	$ 66,107	$ 77,262
Operating Segments
Disaggregation of Revenue [Line Items]
Total net revenue	20,775	23,405	61,754	73,303
Operating Segments \| Infrastructure Solutions Group
Disaggregation of Revenue [Line Items]
Total net revenue	8,499	9,630	24,553	28,451
Operating Segments \| Infrastructure Solutions Group \| Servers and networking
Disaggregation of Revenue [Line Items]
Total net revenue	4,656	5,201	12,767	15,458
Operating Segments \| Infrastructure Solutions Group \| Storage
Disaggregation of Revenue [Line Items]
Total net revenue	3,843	4,429	11,786	12,993
Operating Segments \| Client Solutions Group
Disaggregation of Revenue [Line Items]
Total net revenue	12,276	13,775	37,201	44,852
Operating Segments \| Client Solutions Group \| Commercial
Disaggregation of Revenue [Line Items]
Total net revenue	9,835	10,747	30,251	34,859
Operating Segments \| Client Solutions Group \| Consumer
Disaggregation of Revenue [Line Items]
Total net revenue	$ 2,441	$ 3,028	$ 6,950	$ 9,993

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

FINANCIAL SERVICES - Schedule of Customer Receivables, Gross, Including Accrued Interest, by Credit Quality Indicator, Segregated by Class (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total customer receivables, gross	$ 10,316	$ 10,978
Fixed-term \| Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	3,797	5,469
Fiscal year before current fiscal year	3,758	2,800
Two years before current fiscal year	1,664	1,433
Three years before current fiscal year	727	527
Four years before current fiscal year	192	61
Years Prior	6	3
Revolving \| Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	5	508
Revolving \| Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	167	177
Higher
Financing Receivable, Credit Quality Indicator [Line Items]
Total customer receivables, gross	6,437	6,477
Higher \| Fixed-term \| Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	2,494	3,210
Fiscal year before current fiscal year	2,195	1,805
Two years before current fiscal year	1,076	914
Three years before current fiscal year	499	343
Four years before current fiscal year	127	37
Years Prior	3	1
Higher \| Revolving \| Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	1	123
Higher \| Revolving \| Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	42	44
Mid
Financing Receivable, Credit Quality Indicator [Line Items]
Total customer receivables, gross	2,526	2,562
Mid \| Fixed-term \| Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	849	1,242
Fiscal year before current fiscal year	1,047	631
Two years before current fiscal year	378	362
Three years before current fiscal year	159	119
Four years before current fiscal year	40	17
Years Prior	2	1
Mid \| Revolving \| Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	2	136
Mid \| Revolving \| Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	49	54
Lower
Financing Receivable, Credit Quality Indicator [Line Items]
Total customer receivables, gross	1,353	1,939
Lower \| Fixed-term \| Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	454	1,017
Fiscal year before current fiscal year	516	364
Two years before current fiscal year	210	157
Three years before current fiscal year	69	65
Four years before current fiscal year	25	7
Years Prior	1	1
Lower \| Revolving \| Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	2	249
Lower \| Revolving \| Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	$ 76	$ 79

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Nov. 03, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Purchase Obligations The Company has contractual obligations to purchase goods or services, which specify significant terms (including fixed or minimum quantities to be purchased), fixed, minimum, or variable price provisions; and the approximate timing of the transaction. As of November 3, 2023, such purchase obligations were $3.8 billion for the remaining three months of Fiscal 2024; $0.8 billion for Fiscal 2025; and $0.6 billion for Fiscal 2026 and thereafter. 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 are recorded in the period in which such a determination is made. For some matters, the incurrence of a 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 — 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. 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. Certain stockholders of the Company, subsequently brought class action complaints arising out of the Class V transaction in which they named as defendants (collectively, the “defendants”) Michael S. Dell and certain other directors serving on the Company’s board of directors at the time of the Class V transaction (collectively, the “director defendants”), certain stockholders of the Company, consisting of Mr. Dell and Silver Lake Group LLC and certain of its affiliated funds (collectively, the “stockholder defendants”), and Goldman Sachs & Co. LLC (“Goldman Sachs”), which served as financial advisor to the Company in connection with the transaction. The plaintiffs generally alleged that the director defendants and the stockholder defendants breached their fiduciary duties under Delaware law to the former holders of the Class V Common Stock in connection with the Class V transaction by offering a transaction value that was allegedly billions of dollars below fair value. As previously reported, during the fourth quarter of Fiscal 2023, the plaintiffs and the defendants entered into an agreement to settle the lawsuit. Under the terms of the settlement, the plaintiffs agreed to the dismissal of all claims upon payment of a total of $1.0 billion (the “settlement amount”), which includes all costs, expenses and fees of the plaintiff class relating to the action and its resolution. The settlement terms required that the settlement amount be paid by the Company and/or the Company’s insurers pursuant to indemnification obligations of the Company to the defendants. The Company is subject to indemnification obligations, upon the satisfaction of specified conditions, to the director and stockholder defendants and their affiliates pursuant to provisions of the Delaware General Corporation Law, the Company’s certificate of incorporation and bylaws, and agreements with the defendants. A special committee of the Board of Directors consisting of directors who were not defendants in the action, advised by independent counsel, informed the Board of Directors of its determination that the defendants are entitled to indemnification under the foregoing obligations. During Fiscal 2023, the Company established a $1.0 billion liability on the Consolidated Statements of Financial Position and recognized $0.9 billion expense, net of $106 million in insurance proceeds, within interest and other, net within the Consolidated Statements of Income related to the settlement agreement. The Company accounted for the expected insurance proceeds as a loss recovery and recognized a benefit within interest and other, net within the Condensed Consolidated Statements of Income and corresponding receivable on the Condensed Consolidated Statements of Financial Position. On May 16, 2023, during the second quarter of Fiscal 2024, the Company paid the settlement amount following approval of the settlement by the Delaware Court of Chancery. The payment is reflected within cash flows from operating activities within the Condensed Consolidated Statements of Cash Flows. The Company does not expect to incur additional expenses with respect to the settlement. Other Litigation — Dell does not currently anticipate that any of the other various legal proceedings it is involved in will have a material adverse effect on its business, financial condition, results of operations, or cash flows. In accordance with the relevant accounting guidance, the Company provides disclosures of matters where it is at least reasonably possible that the Company could experience a material loss exceeding the amounts already accrued for these or other proceedings or matters. In addition, the Company also discloses matters based on its consideration of other matters and qualitative factors, including the experience of other companies in the industry, and investor, customer, and employee relations considerations. As of November 3, 2023, 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 factors, including the nature, timing, and amount of any associated expenses, amounts paid in settlement, damages, or other remedies or consequences. Indemnifications Obligations In the ordinary course of business, the Company enters into various contracts under which it may agree to indemnify other parties for losses incurred from certain events as defined in the relevant contract, such as litigation, regulatory penalties, or claims relating to past performance. Such indemnification obligations may not be subject to maximum loss clauses. Historically, payments related to these indemnification obligations have not been material to the Company. Under the Separation and Distribution Agreement entered into with VMware, Inc. upon the completion of the spin-off of VMware, Inc. by means of a special stock dividend (the “VMware Spin-off”) on November 1, 2021, Dell Technologies agreed to indemnify VMware, Inc., each of its subsidiaries and each of their respective directors, officers, and employees from and against all liabilities relating to, arising out of or resulting from, among other matters, the liabilities allocated to Dell Technologies as part of the separation of Dell Technologies and VMware, Inc. (individually and together with its subsidiaries, “VMware”) and their respective businesses (the “Separation”). VMware similarly agreed to indemnify Dell Technologies Inc., each of its subsidiaries and each of their respective directors, officers, and employees from and against all liabilities relating to, arising out of or resulting from, among other matters, the liabilities allocated to VMware as part of the Separation. Dell Technologies expects VMware to fully perform under the terms of the Separation and Distribution Agreement. For information on the cross-indemnifications related to the tax matters agreement between the Company and VMware effective upon the Separation on November 1, 2021, see Note 15 of the Notes to the Condensed Consolidated Financial Statements.

FINANCIAL SERVICES - Schedule of Aging of Customer's Financing Receivables (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	$ 10,316	$ 10,978
Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	10,316	10,978
Revolving \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	172	685
Revolving \| Revolving — DPA \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	5	508
Revolving \| Revolving — DBC \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	167	177
Fixed-term \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	10,144	10,293
Fixed-term \| Fixed-term — Consumer and Commercial \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	10,144	10,293
Current \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	9,291	9,920
Current \| Revolving \| Revolving — DPA \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	5	457
Current \| Revolving \| Revolving — DBC \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	146	154
Current \| Fixed-term \| Fixed-term — Consumer and Commercial \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	9,140	9,309
Past Due 1 — 90 Days \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	885	980
Past Due 1 — 90 Days \| Revolving \| Revolving — DPA \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	0	34
Past Due 1 — 90 Days \| Revolving \| Revolving — DBC \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	17	19
Past Due 1 — 90 Days \| Fixed-term \| Fixed-term — Consumer and Commercial \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	868	927
Past Due >90 Days \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	140	78
Past Due >90 Days \| Revolving \| Revolving — DPA \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	0	17
Past Due >90 Days \| Revolving \| Revolving — DBC \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	4	4
Past Due >90 Days \| Fixed-term \| Fixed-term — Consumer and Commercial \| Customer Financing Receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	$ 136	$ 57

GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Nov. 03, 2023

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		Other Businesses		Total

	(in millions)
Balances as of February 3, 2023	$	15,017	$	4,232	$	427	$	19,676
Goodwill acquired (a)	82		—		—		82
Impact of foreign currency translation and other	(142)		—		—		(142)



Balances as of November 3, 2023	$	14,957	$	4,232	$	427	$	19,616

____________________

(a) Goodwill acquired represents goodwill recognized in connection with the Company’s acquisition of Moogsoft Inc. during the three months ended November 3, 2023.

Schedule of Finite-Lived Intangible Assets

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


	November 3, 2023						February 3, 2023
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net

	(in millions)
Customer relationships	$	16,968	$	(14,817)	$	2,151	$	16,956	$	(14,474)	$	2,482
Developed technology	9,506		(8,897)		609		9,466		(8,660)		806
Trade names	875		(813)		62		875		(780)		95

Definite-lived intangible assets	27,349		(24,527)		2,822		27,297		(23,914)		3,383
Indefinite-lived trade names	3,085		—		3,085		3,085		—		3,085
Total intangible assets	$	30,434	$	(24,527)	$	5,907	$	30,382	$	(23,914)	$	6,468

Schedule of Indefinite-Lived Intangible Assets

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


	November 3, 2023						February 3, 2023
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net

	(in millions)
Customer relationships	$	16,968	$	(14,817)	$	2,151	$	16,956	$	(14,474)	$	2,482
Developed technology	9,506		(8,897)		609		9,466		(8,660)		806
Trade names	875		(813)		62		875		(780)		95

Definite-lived intangible assets	27,349		(24,527)		2,822		27,297		(23,914)		3,383
Indefinite-lived trade names	3,085		—		3,085		3,085		—		3,085
Total intangible assets	$	30,434	$	(24,527)	$	5,907	$	30,382	$	(23,914)	$	6,468

Schedule of 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:


	November 3, 2023
	(in millions)
Fiscal 2024 (remaining three months)	$	205
Fiscal 2025	654
Fiscal 2026	495
Fiscal 2027	386
Fiscal 2028	230
Thereafter	852
Total	$	2,822

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

FINANCIAL SERVICES - Schedule of Operating Lease Income Related to Lease Payments and Depreciation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Receivables [Abstract]
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net revenue	Total net revenue	Total net revenue	Total net revenue
Income related to lease payments	$ 341	$ 297	$ 992	$ 782
Depreciation expense	$ 234	$ 212	$ 703	$ 571

FINANCIAL SERVICES - Variable Interest Entities (Narrative) (Details) - USD ($) $ in Billions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Variable Interest Entity, Primary Beneficiary
Debt Instrument [Line Items]
Financing receivables transferred via securitization through SPEs	$ 1.1	$ 1.6	$ 3.7	$ 4.5

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

DEBT (Tables)

9 Months Ended

Nov. 03, 2023

Debt Disclosure [Abstract]

Schedule of Outstanding Debt


	November 3, 2023		February 3, 2023

DFS debt	(in millions)
DFS U.S. debt:
Asset-based financing and securitization facilities	$	2,443	$	3,987
Fixed-term securitization offerings	3,715		2,679
Other	31		76
Total DFS U.S. debt	6,189		6,742
DFS international debt:
Securitization facility	749		790
Other borrowings	839		871
Note payable	250		250
Dell Bank senior unsecured eurobonds	1,593		1,637
Total DFS international debt	3,431		3,548
Total DFS debt	$	9,620	$	10,290
Total short-term DFS debt	$	5,374	$	5,400
Total long-term DFS debt	$	4,246	$	4,890

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


	November 3, 2023		February 3, 2023

	(in millions)
Senior Notes:
5.45% due June 2023	$	—	$	1,000
4.00% due July 2024	1,000		1,000
5.85% due July 2025	1,000		1,000
6.02% due June 2026	3,500		4,500
4.90% due October 2026	1,750		1,750
6.10% due July 2027	500		500
5.25% due February 2028	1,000		1,000
5.30% due October 2029	1,750		1,750
6.20% due July 2030	750		750
5.75% due February 2033	1,000		1,000
8.10% due July 2036	1,000		1,000
3.38% due December 2041	962		1,000
8.35% due July 2046	800		800
3.45% due December 2051	1,095		1,250
Legacy Notes and Debentures:
7.10% due April 2028	300		300
6.50% due April 2038	388		388
5.40% due September 2040	264		264
DFS Debt (Note 4)	9,620		10,290
Other	181		325
Total debt, principal amount	$	26,860	$	29,867
Unamortized discount, net of unamortized premium	(117)		(133)
Debt issuance costs	(126)		(146)
Total debt, carrying value	$	26,617	$	29,588
Total short-term debt, carrying value	$	6,498	$	6,573
Total long-term debt, carrying value	$	20,119	$	23,015

Schedule of Aggregate Future Maturities

The following table presents the aggregate future maturities of the Company’s debt as of November 3, 2023 for the periods indicated:


	Maturities by Fiscal Year
	2024 (remaining three months)		2025		2026		2027		2028		Thereafter		Total

	(in millions)
Senior Notes	$	—	$	1,000	$	1,000	$	5,250	$	500	$	8,357	$	16,107
Legacy Notes and Debentures	—		—		—		—		—		952		952
DFS Debt	1,479		4,807		1,833		884		610		7		9,620
Other	13		124		29		8		6		1		181
Total maturities, principal amount	1,492		5,931		2,862		6,142		1,116		9,317		26,860
Associated carrying value adjustments	(2)		(7)		(6)		(33)		(8)		(187)		(243)
Total maturities, carrying value amount	$	1,490	$	5,924	$	2,856	$	6,109	$	1,108	$	9,130	$	26,617

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Earnings Per Share [Abstract]
Dell Technologies Common Stock - Basic (in dollars per share)	$ 1.39	$ 0.34	$ 2.83	$ 2.47
Dell Technologies Common Stock - Diluted (in dollars per share)	$ 1.36	$ 0.33	$ 2.78	$ 2.41
Numerator: Dell Technologies Common Stock
Net income attributable to Dell Technologies Inc. - basic	$ 1,006	$ 245	$ 2,051	$ 1,828
Net income attributable to Dell Technologies Inc. - diluted	$ 1,006	$ 245	$ 2,051	$ 1,828
Denominator: Dell Technologies Common Stock weighted-average shares outstanding
Weighted-average shares outstanding — basic (in shares)	722	728	724	740
Dilutive effect of equity awards (in shares)	18	15	14	19
Weighted-average shares outstanding — diluted (in shares)	740	743	738	759
Weighted-average shares outstanding — antidilutive (in shares)	0	18	5	11

LEASES - Schedule of Components of Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Operating lease expense:
Operating lease costs	$ 79	$ 67	$ 221	$ 207
Variable costs	19	25	62	73
Total lease costs	$ 98	$ 92	$ 283	$ 280

DEBT - Narrative (Details) - Unsecured Debt $ in Billions	9 Months Ended
DEBT - Narrative (Details) - Unsecured Debt $ in Billions	Nov. 03, 2023 USD ($)
5.45% due June 2023
Debt Instrument [Line Items]
Repayment of principal amount	$ 1
Interest rate	5.45%
6.02% due June 2026
Debt Instrument [Line Items]
Repayment of principal amount	$ 1
Interest rate	6.02%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Schedule of Interest and Other, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 03, 2023	Oct. 28, 2022	Nov. 03, 2023	Oct. 28, 2022
Interest and other, net:
Investment income, primarily interest	$ 88	$ 21	$ 213	$ 52
Gain (loss) on investments, net	8	44	(36)	(197)
Interest expense	(371)	(272)	(1,128)	(835)
Foreign exchange	(30)	(72)	(127)	(227)
Legal settlement, net	0	(1,000)	0	(1,000)
Other	(1)	(29)	(43)	(73)
Total interest and other, net	$ (306)	$ (1,308)	$ (1,121)	$ (2,280)

- Definition

Amount of the cost of borrowed funds accounted for as interest expense.

+ References + Details

INVESTMENTS - Schedule of Fixed Income Debt Securities (Details) - USD ($) $ in Millions	Nov. 03, 2023	Feb. 03, 2023
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Unrealized Gain	$ 666	$ 651
Unrealized Loss	(149)	(100)
Carrying Value	1,246	1,265
Fixed income debt securities
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Cost	343	348
Unrealized Gain	59	65
Unrealized Loss	(92)	(95)
Carrying Value	$ 310	$ 318

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

FINANCIAL SERVICES (Tables)

9 Months Ended

Nov. 03, 2023

Receivables [Abstract]

Schedule of 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:


	November 3, 2023						February 3, 2023
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total

	(in millions)
Financing receivables, net:
Customer receivables, gross (a) (b)	$	172	$	10,144	$	10,316	$	685	$	10,293	$	10,978
Allowances for losses	(9)		(144)		(153)		(88)		(113)		(201)
Customer receivables, net	163		10,000		10,163		597		10,180		10,777
Residual interest	—		150		150		—		142		142
Financing receivables, net	$	163	$	10,150	$	10,313	$	597	$	10,322	$	10,919
Short-term	$	163	$	4,377	$	4,540	$	597	$	4,684	$	5,281
Long-term	$	—	$	5,773	$	5,773	$	—	$	5,638	$	5,638

____________________

(a) Customer receivables, gross include amounts due from customers under revolving loans, fixed-term loans, fixed-term leases, and accrued interest.

Schedule of Changes in Allowance for Financing Receivable Losses

The following table presents the changes in allowance for financing receivable losses for the periods indicated:


	Three Months Ended
	November 3, 2023						October 28, 2022
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total

	(in millions)
Allowance for financing receivable losses:
Balances at beginning of period	$	9	$	140	$	149	$	91	$	92	$	183

Charge-offs, net of recoveries	(4)		(3)		(7)		(12)		(1)		(13)
Provision charged to income statement	4		7		11		8		8		16
Balances at end of period	$	9	$	144	$	153	$	87	$	99	$	186


	Nine Months Ended
	November 3, 2023						October 28, 2022
	Revolving		Fixed-term		Total		Revolving		Fixed-term		Total

	(in millions)
Allowance for financing receivable losses:
Balances at beginning of period	$	88	$	113	$	201	$	102	$	87	$	189

Charge-offs, net of recoveries	(37)		(5)		(42)		(37)		(5)		(42)
Provision charged to income statement	32		36		68		22		17		39
Other (a)	(74)		—		(74)		—		—		—
Balances at end of period	$	9	$	144	$	153	$	87	$	99	$	186

____________________

Schedule of Aging of Customer's 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:


	November 3, 2023								February 3, 2023
	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	$	5	$	—	$	—	$	5	$	457	$	34	$	17	$	508
Revolving — DBC	146		17		4		167		154		19		4		177
Fixed-term — Consumer and Commercial	9,140		868		136		10,144		9,309		927		57		10,293
Total customer receivables, gross	$	9,291	$	885	$	140	$	10,316	$	9,920	$	980	$	78	$	10,978

Schedule of Customer Receivables, Gross, Including Accrued Interest, by Credit Quality Indicator, Segregated by Class

The following tables present customer receivables, gross, including accrued interest, by credit quality indicator, segregated by class, as of the dates indicated:


	November 3, 2023
	Fixed-term — Consumer and Commercial
	Fiscal Year of Origination
	2024		2023		2022		2021		2020		Years Prior		Revolving — DPA		Revolving — DBC		Total

	(in millions)
Higher	$	2,494	$	2,195	$	1,076	$	499	$	127	$	3	$	1	$	42	$	6,437
Mid	849		1,047		378		159		40		2		2		49		2,526
Lower	454		516		210		69		25		1		2		76		1,353
Total	$	3,797	$	3,758	$	1,664	$	727	$	192	$	6	$	5	$	167	$	10,316


	February 3, 2023
	Fixed-term — Consumer and Commercial
	Fiscal Year of Origination
	2023		2022		2021		2020		2019		Years Prior		Revolving — DPA		Revolving — DBC		Total

	(in millions)
Higher	$	3,210	$	1,805	$	914	$	343	$	37	$	1	$	123	$	44	$	6,477
Mid	1,242		631		362		119		17		1		136		54		2,562
Lower	1,017		364		157		65		7		1		249		79		1,939
Total	$	5,469	$	2,800	$	1,433	$	527	$	61	$	3	$	508	$	177	$	10,978

Schedule of Net Revenue, Cost of Net Revenue, and Gross Margin Recognized

The following table presents 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
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Net revenue — products	$	227	$	207	$	766	$	646
Cost of net revenue — products	176		164		564		532
Gross margin — products	$	51	$	43	$	202	$	114

Schedule of Future Maturity of Fixed-Term Customer Leases


	November 3, 2023
	(in millions)
Fiscal 2024 (remaining three months)	$	809
Fiscal 2025	2,221
Fiscal 2026	1,712
Fiscal 2027	971
Fiscal 2028 and beyond	388
Total undiscounted cash flows	6,101
Fixed-term loans	4,954
Revolving loans	172
Less: Unearned income	(911)
Total customer receivables, gross	$	10,316

Schedule of Components of Operating Lease Portfolio Included in Property, Plant, and Equipment, Net

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:


	November 3, 2023		February 3, 2023

	(in millions)
Equipment under operating lease, gross	$	3,855	$	3,725
Less: Accumulated depreciation	(1,721)		(1,517)
Equipment under operating lease, net	$	2,134	$	2,208

Schedule of Operating Lease Income Related to Lease Payments and Depreciation Expense

The following table presents operating lease income related to lease payments and depreciation expense for the Company’s operating lease portfolio for the periods indicated:


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Income related to lease payments	$	341	$	297	$	992	$	782
Depreciation expense	$	234	$	212	$	703	$	571

Schedule of Future Payments to be Received in Operating Lease Contracts

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


	November 3, 2023
	(in millions)
Fiscal 2024 (remaining three months)	$	330
Fiscal 2025	974
Fiscal 2026	628
Fiscal 2027	272
Fiscal 2028 and beyond	113
Total	$	2,317

Schedule of DFS Debt


	November 3, 2023		February 3, 2023

DFS debt	(in millions)
DFS U.S. debt:
Asset-based financing and securitization facilities	$	2,443	$	3,987
Fixed-term securitization offerings	3,715		2,679
Other	31		76
Total DFS U.S. debt	6,189		6,742
DFS international debt:
Securitization facility	749		790
Other borrowings	839		871
Note payable	250		250
Dell Bank senior unsecured eurobonds	1,593		1,637
Total DFS international debt	3,431		3,548
Total DFS debt	$	9,620	$	10,290
Total short-term DFS debt	$	5,374	$	5,400
Total long-term DFS debt	$	4,246	$	4,890

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


	November 3, 2023		February 3, 2023

	(in millions)
Senior Notes:
5.45% due June 2023	$	—	$	1,000
4.00% due July 2024	1,000		1,000
5.85% due July 2025	1,000		1,000
6.02% due June 2026	3,500		4,500
4.90% due October 2026	1,750		1,750
6.10% due July 2027	500		500
5.25% due February 2028	1,000		1,000
5.30% due October 2029	1,750		1,750
6.20% due July 2030	750		750
5.75% due February 2033	1,000		1,000
8.10% due July 2036	1,000		1,000
3.38% due December 2041	962		1,000
8.35% due July 2046	800		800
3.45% due December 2051	1,095		1,250
Legacy Notes and Debentures:
7.10% due April 2028	300		300
6.50% due April 2038	388		388
5.40% due September 2040	264		264
DFS Debt (Note 4)	9,620		10,290
Other	181		325
Total debt, principal amount	$	26,860	$	29,867
Unamortized discount, net of unamortized premium	(117)		(133)
Debt issuance costs	(126)		(146)
Total debt, carrying value	$	26,617	$	29,588
Total short-term debt, carrying value	$	6,498	$	6,573
Total long-term debt, carrying value	$	20,119	$	23,015

Schedule of Assets and Liabilities Held by the Consolidated VIEs

The following table presents the assets and liabilities held by the consolidated VIEs as of the dates indicated, which are included in the Condensed Consolidated Statements of Financial Position:


	November 3, 2023		February 3, 2023

	(in millions)
Assets held by consolidated VIEs
Other current assets	$	146	$	274
Financing receivables, net of allowance
Short-term	$	3,059	$	3,702
Long-term	$	3,261	$	3,295
Property, plant, and equipment, net	$	1,097	$	1,164
Liabilities held by consolidated VIEs
Debt, net of unamortized debt issuance costs
Short-term	$	4,138	$	4,761
Long-term	$	2,753	$	2,685

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION (Tables)

9 Months Ended

Nov. 03, 2023

Condensed Financial Information Disclosure [Abstract]

Schedule of Information on Selected Assets

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


	November 3, 2023		February 3, 2023

	(in millions)
Cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$	8,298	$	8,607
Restricted cash - other current assets (a)	145		272
Restricted cash - other non-current assets (a)	5		15
Total cash, cash equivalents, and restricted cash	$	8,448	$	8,894
Inventories:
Production materials	$	1,875	$	3,225
Work-in-process	679		708
Finished goods	827		843
Total inventories	$	3,381	$	4,776


Deferred Costs:
Total deferred costs, current (b)	$	5,494	$	5,459
Property, plant, and equipment, net:
Computer equipment	$	7,534	$	6,899
Land and buildings	2,894		3,059
Machinery and other equipment	3,310		3,134
Total property, plant, and equipment	13,738		13,092
Accumulated depreciation and amortization	(7,516)		(6,883)
Total property, plant, and equipment, net	$	6,222	$	6,209

____________________

(a) Restricted cash includes cash required to be held in escrow pursuant to DFS securitization arrangements.

Schedule of 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
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Warranty liability:
Warranty liability at beginning of period	$	439	$	463	$	467	$	480
Costs accrued for new warranty contracts and changes in estimates for pre-existing warranties (a)	208		243		605		710
Service obligations honored	(203)		(241)		(628)		(725)
Warranty liability at end of period	$	444	$	465	$	444	$	465

____________________

Schedule of 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
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Severance liability:
Severance liability at beginning of period	$	457	$	88	$	408	$	74
Severance charges	22		97		434		160
Cash paid and other	(277)		(105)		(640)		(154)
Severance liability at end of period	$	202	$	80	$	202	$	80

Schedule of Severance Charges

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


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Severance charges:
Cost of net revenue	$	7	$	21	$	54	$	22
Selling, general, and administrative	14		57		365		114
Research and development	1		19		15		24
Total severance charges	$	22	$	97	$	434	$	160

Schedule of Interest and Other, Net

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


	Three Months Ended				Nine Months Ended
	November 3, 2023		October 28, 2022		November 3, 2023		October 28, 2022

	(in millions)
Interest and other, net:
Investment income, primarily interest	$	88	$	21	$	213	$	52
Gain (loss) on investments, net	8		44		(36)		(197)
Interest expense	(371)		(272)		(1,128)		(835)
Foreign exchange	(30)		(72)		(127)		(227)


Legal settlement, net	—		(1,000)		—		(1,000)
Other	(1)		(29)		(43)		(73)
Total interest and other, net	$	(306)	$	(1,308)	$	(1,121)	$	(2,280)