Dell (DELL) 10-Q 12 Jun 23 2024 FY Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	May 05, 2023	Jun. 05, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 05, 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	FY
Amendment Flag	false
Class C
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		253,412,724
Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		378,480,523
Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		95,350,227

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Current assets:
Cash and cash equivalents	$ 7,631	$ 8,607
Accounts receivable, net of allowance of $77 and $78	9,399	12,482
Due from related party, net	384	378
Short-term financing receivables, net of allowance of $148 and $142 (Note 4)	5,013	5,281
Inventories	4,016	4,776
Other current assets	10,949	10,827
Total current assets	37,392	42,351
Property, plant, and equipment, net	6,261	6,209
Long-term investments	1,399	1,518
Long-term financing receivables, net of allowance of $71 and $59 (Note 4)	5,524	5,638
Goodwill	19,661	19,676
Intangible assets, net	6,269	6,468
Due from related party, net	442	440
Other non-current assets	7,146	7,311
Total assets	84,094	89,611
Current liabilities:
Short-term debt	5,470	6,573
Accounts payable	17,796	18,598
Due to related party	594	2,067
Accrued and other	7,438	8,874
Short-term deferred revenue	15,527	15,542
Total current liabilities	46,825	51,654
Long-term debt	22,962	23,015
Long-term deferred revenue	14,168	14,744
Other non-current liabilities	3,063	3,223
Total liabilities	87,018	92,636
Commitments and contingencies (Note 10)
Stockholders’ equity (deficit):
Common stock and capital in excess of $0.01 par value (Note 13)	8,339	8,424
Treasury stock at cost	(4,064)	(3,813)
Accumulated deficit	(6,430)	(6,732)
Accumulated other comprehensive loss	(868)	(1,001)
Total Dell Technologies Inc. stockholders’ equity (deficit)	(3,023)	(3,122)
Non-controlling interests	99	97
Total stockholders’ equity (deficit)	(2,924)	(3,025)
Total liabilities and stockholders’ equity	$ 84,094	$ 89,611

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss	$ 77	$ 78
Short-term financing receivables, allowance	148	142
Long-term financing receivables, allowance	$ 71	$ 59
Common stock, par or value (in dollars per share)	$ 0.01	$ 0.01

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions		3 Months Ended
		May 05, 2023	Apr. 29, 2022
Net revenue:
Total net revenue		$ 20,922	$ 26,116
Cost of net revenue :
Total cost of net revenue	[1]	15,904	20,332
Gross margin		5,018	5,784
Operating expenses:
Selling, general, and administrative		3,261	3,553
Research and development		688	681
Total operating expenses		3,949	4,234
Operating income		1,069	1,550
Interest and other, net		(364)	(337)
Income before income taxes		705	1,213
Income tax expense		127	144
Net income		578	1,069
Less: Net loss attributable to non-controlling interests		(5)	(3)
Net income attributable to Dell Technologies Inc.		$ 583	$ 1,072
Earnings per share attributable to Dell Technologies Inc.
Basic (in dollars per share)		$ 0.81	$ 1.42
Diluted (in dollars per share)		$ 0.79	$ 1.37
Products
Net revenue:
Total net revenue		$ 15,036	$ 20,464
Cost of net revenue :
Total cost of net revenue	[1]	12,375	17,009
Services
Net revenue:
Total net revenue		5,886	5,652
Cost of net revenue :
Total cost of net revenue	[1]	$ 3,529	$ 3,323
[1] (a) Includes related party cost of net revenue as follows (Note 15): Products 207 255 Services 876 709

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Products
Related party cost of revenue	$ 207	$ 255
Services
Related party cost of revenue	$ 876	$ 709

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 578	$ 1,069
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	31	(286)
Cash flow hedges:
Change in unrealized gains	10	372
Reclassification adjustment for net (gains) losses included in net income	91	(96)
Net change in cash flow hedges	101	276
Pension and other postretirement plans:
Recognition of actuarial net gains from pension and other postretirement plans	1	17
Net change in actuarial net gains from pension and other postretirement plans	1	17
Total other comprehensive income, net of tax expense (benefit) of $5 and $16, respectively	133	7
Comprehensive income, net of tax	711	1,076
Less: Net income (loss) attributable to non-controlling interests	(5)	(3)
Comprehensive income attributable to Dell Technologies Inc.	$ 716	$ 1,079

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Statement of Comprehensive Income [Abstract]
Tax expense (benefit)	$ 5	$ 16

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Cash flows from operating activities:
Net income	$ 578	$ 1,069
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	809	726
Stock-based compensation expense	225	232
Deferred income taxes	(93)	(246)
Other, net	308	(91)
Changes in assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable	3,000	864
Financing receivables	367	280
Inventories	684	(419)
Other assets and liabilities	(1,322)	(885)
Due from/to related party, net	(1,458)	(777)
Accounts payable	(726)	(1,501)
Deferred revenue	(595)	479
Change in cash from operating activities	1,777	(269)
Cash flows from investing activities:
Purchases of investments	(15)	(52)
Maturities and sales of investments	19	18
Capital expenditures and capitalized software development costs	(701)	(690)
Other	13	4
Change in cash from investing activities	(684)	(720)
Cash flows from financing activities:
Proceeds from the issuance of common stock	2	4
Repurchases of common stock	(240)	(1,436)
Repurchases of common stock for employee tax withholdings	(306)	(350)
Payments of dividends and dividend equivalents	(276)	(248)
Proceeds from debt	2,521	3,034
Repayments of debt	(3,698)	(2,703)
Debt-related costs and other, net	(5)	(7)
Change in cash from financing activities	(2,002)	(1,706)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(58)	(111)
Change in cash, cash equivalents, and restricted cash	(967)	(2,806)
Cash, cash equivalents, and restricted cash at beginning of the period	8,894	10,082
Cash, cash equivalents, and restricted cash	$ 7,927	$ 7,276

CONDENSED CONSOLIDATED STATEM_8

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) shares in Millions, $ in Millions	Total	Parent	Common Stock and Capital in Excess of Par Value	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Income/(Loss)	Non-Controlling Interests
Balance, beginning of period (in shares) at Jan. 28, 2022			777
Balance, beginning of period at Jan. 28, 2022	$ (1,580)	$ (1,685)	$ 7,898	$ (964)	$ (8,188)	$ (431)	$ 105
Balance, beginning of period (in shares) at Jan. 28, 2022				20
Increase (Decrease) in Stockholders' Equity
Net income (loss)	1,069	1,072			1,072		(3)
Dividends and dividend equivalents declared	(253)	(253)			(253)
Foreign currency translation adjustments	(286)	(286)				(286)
Cash flow hedges, net change	276	276				276
Pension and other post-retirement	17	17				17
Issuance of common stock, net of shares repurchased for employee tax withholding (in shares)			18
Issuance of common stock, net of shares repurchased for employee tax withholding	(339)	(339)	$ (339)
Stock-based compensation expense	232	224	224				8
Repurchases of common stock (in shares)				28
Repurchases of common stock	(1,482)	(1,482)		$ (1,482)
Impact from equity transactions of non-controlling interests	(9)	(6)	$ (6)				(3)
Balance, end of period (in shares) at Apr. 29, 2022			795
Balance, end of period at Apr. 29, 2022	$ (2,355)	(2,462)	$ 7,777	$ (2,446)	(7,369)	(424)	107
Balance, end of period (in shares) at Apr. 29, 2022				48
Balance, beginning of period (in shares) at Feb. 03, 2023	798		798
Balance, beginning of period at Feb. 03, 2023	$ (3,025)	(3,122)	$ 8,424	$ (3,813)	(6,732)	(1,001)	97
Balance, beginning of period (in shares) at Feb. 03, 2023				82
Increase (Decrease) in Stockholders' Equity
Net income (loss)	578	583			583		(5)
Dividends and dividend equivalents declared	(281)	(281)			(281)
Foreign currency translation adjustments	31	31				31
Cash flow hedges, net change	101	101				101
Pension and other post-retirement	1	1				1
Issuance of common stock, net of shares repurchased for employee tax withholding (in shares)			19
Issuance of common stock, net of shares repurchased for employee tax withholding	(299)	(299)	$ (299)
Stock-based compensation expense	225	218	218				7
Repurchases of common stock (in shares)				6
Repurchases of common stock	(251)	(251)		$ (251)
Impact from equity transactions of non-controlling interests	$ (4)	(4)	$ (4)
Balance, end of period (in shares) at May. 05, 2023	817		817
Balance, end of period at May. 05, 2023	$ (2,924)	$ (3,023)	$ 8,339	$ (4,064)	$ (6,430)	$ (868)	$ 99
Balance, end of period (in shares) at May. 05, 2023				88

CONDENSED CONSOLIDATED STATEM_9

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical) - $ / shares			3 Months Ended
	Mar. 02, 2023	Feb. 24, 2022	May 05, 2023	Apr. 29, 2022
Statement of Stockholders' Equity [Abstract]
Dividend declared (in dollars per share)	$ 0.37	$ 0.33	$ 0.37	$ 0.33

OVERVIEW AND BASIS OF PRESENTAT

OVERVIEW AND BASIS OF PRESENTATION	3 Months Ended
	May 05, 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 May 5, 2023 and February 3, 2023 and the results of its operations, corresponding comprehensive income, changes in stockholders’ equity, and cash flows for the three months ended May 5, 2023 and April 29, 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 its operations, corresponding comprehensive income, changes in stockholders’ equity, and cash flows for the three months ended May 5, 2023 and April 29, 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., 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 May 5, 2023 and February 3, 2023, the Company held approximately 81.4% and 82.6%, respectively, of the outstanding equity interest in Secureworks, both including and excluding restricted stock awards (“RSAs”). The portion of the results of operations of Secureworks allocable to its other owners is shown as net income (loss) attributable to the 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 a component of the non-controlling interests in the Condensed Consolidated Statements of Financial Position and was $99 million and $97 million as of May 5, 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.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	May 05, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	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: May 5, 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 $ 3,775 $ — $ — $ 3,775 $ 4,301 $ — $ — $ 4,301 Marketable equity and other securities 9 — — 9 33 — — 33 Derivative instruments — 141 — 141 — 295 — 295 Total assets $ 3,784 $ 141 $ — $ 3,925 $ 4,334 $ 295 $ — $ 4,629 Liabilities: Derivative instruments $ — $ 91 $ — $ 91 $ — $ 460 $ — $ 460 Total liabilities $ — $ 91 $ — $ 91 $ — $ 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 liquidity on a quarterly basis. As of May 5, 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 $190 million and $179 million as of May 5, 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 both May 5, 2023 and February 3, 2023, the Company held strategic investments in non-marketable equity and other securities of $1.3 billion. 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. 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: May 5, 2023 February 3, 2023 Carrying Value Fair Value Carrying Value Fair Value (in billions) Senior Notes $ 17.1 $ 17.1 $ 18.1 $ 18.2 Legacy Notes and Debentures $ 0.9 $ 1.0 $ 0.9 $ 1.0 DFS Debt $ 10.2 $ 9.8 $ 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.

INVESTMENTS

INVESTMENTS	3 Months Ended
	May 05, 2023
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	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 May 5, 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: May 5, 2023 February 3, 2023 Cost Unrealized Gain Unrealized Loss Carrying Value Cost Unrealized Gain Unrealized Loss Carrying Value (in millions) Marketable $ 55 $ 17 $ (63) $ 9 $ 56 $ 17 $ (40) $ 33 Non-marketable 712 660 (105) 1,267 714 651 (100) 1,265 Total equity and other securities $ 767 $ 677 $ (168) $ 1,276 $ 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 May 5, 2023 April 29, 2022 (in millions) Marketable securities: Unrealized loss $ (23) $ (18) Net unrealized gain (loss) (23) (18) Non-marketable securities: Unrealized gain 9 21 Unrealized loss (5) — Net unrealized gain (a) 4 21 Net unrealized gain (loss) on equity and other securities $ (19) $ 3 ____________________ (a) For all periods presented, net unrealized gains on non-marketable securities were primarily due to upward adjustments for observable price changes. Fixed Income Debt Securities The Company has fixed income debt securities carried at amortized cost which are held as collateral for borrowings. The Company intends to hold the investments to maturity. As of May 5, 2023, the Company held $200 million in fixed income debt securities which will mature within one year and $123 million in fixed income debt securities which will mature within two to five years. The following table summarizes the Company’s debt securities as of the dates indicated: May 5, 2023 February 3, 2023 Cost Unrealized Gain Unrealized Loss Carrying Value Cost Unrealized Gain Unrealized Loss Carrying Value (in millions) Fixed income debt securities $ 350 $ 77 $ (104) $ 323 $ 348 $ 65 $ (95) $ 318

FINANCIAL SERVICES

FINANCIAL SERVICES	3 Months Ended
	May 05, 2023
Receivables [Abstract]
FINANCIAL SERVICES	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 $2.1 billion for the three months ended May 5, 2023 and April 29, 2022, respectively. The Company’s lease and loan arrangements with customers are aggregated primarily into the following categories: Revolving loans — Revolving loans offered under private label credit financing programs provide qualified customers with a revolving credit line for the purchase of products and services offered by Dell Technologies. These private label credit financing programs are referred to as Dell Preferred Account (“DPA”) and Dell Business Credit (“DBC”). The DPA product is primarily offered to individual consumer customers, and the DBC product is primarily offered to small and medium-sized commercial customers. Revolving loans in the United States bear interest at a variable annual percentage rate that is tied to the prime rate. Based on historical payment patterns, revolving loan transactions are typically repaid within twelve months on average. Due to the short-term nature of the revolving loan portfolio, the carrying value of the portfolio approximates fair value. Fixed-term leases and loans — The Company enters into financing arrangements with customers who seek lease financing for equipment. DFS leases are generally classified as sales-type leases or operating leases. Leases with business customers have fixed terms of generally two 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 Flexible consumption models, as defined above, 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: May 5, 2023 February 3, 2023 Revolving Fixed-term Total Revolving Fixed-term Total (in millions) Financing receivables, net: Customer receivables, gross (a) $ 658 $ 9,951 $ 10,609 $ 685 $ 10,293 $ 10,978 Allowances for losses (84) (135) (219) (88) (113) (201) Customer receivables, net 574 9,816 10,390 597 10,180 10,777 Residual interest — 147 147 — 142 142 Financing receivables, net $ 574 $ 9,963 $ 10,537 $ 597 $ 10,322 $ 10,919 Short-term $ 574 $ 4,439 $ 5,013 $ 597 $ 4,684 $ 5,281 Long-term $ — $ 5,524 $ 5,524 $ — $ 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. The following table presents the changes in allowance for financing receivable losses for the periods indicated: Three Months Ended May 5, 2023 April 29, 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 (17) (1) (18) (13) (2) (15) Provision charged to income statement 13 23 36 5 2 7 Balances at end of period $ 84 $ 135 $ 219 $ 94 $ 87 $ 181 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: May 5, 2023 February 3, 2023 Current Past Due Past Due Total Current Past Due Past Due Total (in millions) Revolving — DPA $ 433 $ 33 $ 16 $ 482 $ 457 $ 34 $ 17 $ 508 Revolving — DBC 153 19 4 176 154 19 4 177 Fixed-term — Consumer and Commercial 9,128 743 80 9,951 9,309 927 57 10,293 Total customer receivables, gross $ 9,714 $ 795 $ 100 $ 10,609 $ 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: May 5, 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 $ 931 $ 2,640 $ 1,484 $ 716 $ 259 $ 18 $ 113 $ 43 $ 6,204 Mid 410 1,274 536 270 84 9 130 53 2,766 Lower 198 660 296 117 42 7 239 80 1,639 Total $ 1,539 $ 4,574 $ 2,316 $ 1,103 $ 385 $ 34 $ 482 $ 176 $ 10,609 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. The credit quality indicators for DPA revolving accounts are measured primarily as of each quarter-end date, while all other indicators are generally updated on a periodic basis. For DPA revolving receivables shown in the table above, the Company makes credit decisions based on proprietary scorecards, which include the customer’s credit history, payment history, credit usage, and other credit agency-related elements. The higher quality category includes prime accounts generally comparable to U.S. customer FICO scores of 720 or above. The mid category represents the mid-tier accounts that are comparable to U.S. customer FICO scores from 660 to 719. The lower category is generally sub-prime and represents accounts that are comparable to U.S. customer FICO scores below 660. For the DBC revolving receivables and fixed-term commercial receivables shown in the table above, an internal grading system is utilized that assigns a credit level score based on a number of considerations, including liquidity, operating performance, and industry outlook. The grading criteria and classifications for the fixed-term products differ from those for the revolving products as loss experience varies between these product and customer groups. The credit quality categories cannot be compared between the different classes as loss experience varies substantially between the classes. Leases The following table presents the net revenue, cost of net revenue, and gross margin recognized at the commencement date of sales-type leases for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 (in millions) Net revenue — products $ 247 $ 220 Cost of net revenue — products 196 204 Gross margin — products $ 51 $ 16 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: May 5, 2023 (in millions) Fiscal 2024 (remaining nine months) $ 1,997 Fiscal 2025 1,894 Fiscal 2026 1,361 Fiscal 2027 659 Fiscal 2028 and beyond 178 Total undiscounted cash flows 6,089 Fixed-term loans 4,640 Revolving loans 658 Less: Unearned income (778) Total customer receivables, gross $ 10,609 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: May 5, 2023 February 3, 2023 (in millions) Equipment under operating lease, gross $ 3,817 $ 3,725 Less: Accumulated depreciation (1,634) (1,517) Equipment under operating lease, net $ 2,183 $ 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 May 5, 2023 April 29, 2022 (in millions) Income related to lease payments $ 321 $ 232 Depreciation expense $ 233 $ 165 The following table presents the future payments to be received by the Company as lessor in operating lease contracts as of the date indicated: May 5, 2023 (in millions) Fiscal 2024 (remaining nine months) $ 862 Fiscal 2025 824 Fiscal 2026 460 Fiscal 2027 141 Fiscal 2028 and beyond 46 Total $ 2,333 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: May 5, 2023 February 3, 2023 DFS debt (in millions) DFS U.S. debt: Asset-based financing and securitization facilities $ 3,326 $ 3,987 Fixed-term securitization offerings 3,192 2,679 Other 67 76 Total DFS U.S. debt 6,585 6,742 DFS international debt: Securitization facility 818 790 Other borrowings 852 871 Note payable 250 250 Dell Bank senior unsecured eurobonds 1,652 1,637 Total DFS international debt 3,572 3,548 Total DFS debt $ 10,157 $ 10,290 Total short-term DFS debt $ 5,232 $ 5,400 Total long-term DFS debt $ 4,925 $ 4,890 DFS U.S. Debt Asset-Based Financing and Securitization Facilities — The Company maintains separate asset-based financing facilities and a securitization facility in the United States, which are revolving facilities for fixed-term leases and loans and for revolving loans, respectively. This debt is collateralized solely by the U.S. loan and lease payments and associated equipment in the facilities. The debt has a variable interest rate and the duration of the debt is based on the terms of the underlying loan and lease payment streams. As of May 5, 2023, the total debt capacity related to the U.S. asset-based financing and securitization facilities was $5.6 billion. The Company enters into interest swap agreements to effectively convert a portion of this debt from a floating rate to a fixed rate. See Note 7 of the Notes to the Condensed Consolidated Financial Statements for additional information about interest rate swaps. The Company’s U.S. securitization facility for revolving loans is effective through June 25, 2025. The Company’s two U.S. asset-based financing facilities for fixed-term leases and loans are effective through July 10, 2023 and June 21, 2024, respectively. The Company intends to extend the facility currently effective through July 10, 2023 during the second quarter of Fiscal 2024. The asset-based financing and securitization facilities contain standard structural features related to the performance of the funded receivables, which include defined credit losses, delinquencies, average credit scores, and minimum collection requirements. In the event one or more of these criteria are not met and the Company is unable to restructure the facility, no further funding of receivables will be permitted and the timing of the Company’s expected cash flows from over-collateralization will be delayed. As of May 5, 2023, these criteria were met. Fixed-Term Securitization Offerings — The Company periodically issues asset-backed debt securities under fixed-term securitization programs to private investors. The asset-backed debt securities are collateralized solely by the U.S. fixed-term 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 0.33% to 6.80% per annum, 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 $881 million as of May 5, 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 May 5, 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, and New Zealand. 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 $332 million as of May 5, 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 $661 million as of May 5, 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 $301 million as of May 5, 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 May 5, 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 May 5, 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: May 5, 2023 February 3, 2023 (in millions) Assets held by consolidated VIEs Other current assets $ 291 $ 274 Financing receivables, net of allowance Short-term $ 3,620 $ 3,702 Long-term $ 3,361 $ 3,295 Property, plant, and equipment, net $ 1,423 $ 1,164 Liabilities held by consolidated VIEs Debt, net of unamortized debt issuance costs Short-term $ 4,277 $ 4,761 Long-term $ 1,980 $ 2,685 Lease and loan payments and associated equipment transferred via securitization through SPEs were $1.5 billion and $1.7 billion for the three months ended May 5, 2023 and April 29, 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 $169 million and $148 million for the three months ended May 5, 2023 and April 29, 2022, respectively. The Company’s continuing involvement in these customer receivables is primarily limited to servicing arrangements.

LEASES

LEASES	3 Months Ended
	May 05, 2023
Leases [Abstract]
LEASES	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 May 5, 2023, the remaining terms of the Company’s leases range from one month to approximately ten years. As of May 5, 2023 and February 3, 2023, there were no material finance leases for 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 on 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 May 5, 2023 April 29, 2022 (in millions) Operating lease costs $ 79 $ 72 Variable costs 24 25 Total lease costs $ 103 $ 97 During the three months ended May 5, 2023 and April 29, 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 May 5, 2023 February 3, 2023 (in millions, except for term and discount rate) Operating lease right-of-use assets Other non-current assets $ 734 $ 725 Current operating lease liabilities Accrued and other current liabilities $ 268 $ 260 Non-current operating lease liabilities Other non-current liabilities 623 630 Total operating lease liabilities $ 891 $ 890 Weighted-average remaining lease term (in years) 4.77 4.95 Weighted-average discount rate 4.05 % 3.48 % The following table presents supplemental cash flow information related to leases for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 (in millions) Cash paid for amounts included in the measurement of lease liabilities — $ 77 $ 80 Right-of-use assets obtained in exchange for new operating lease liabilities $ 81 $ 72 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: May 5, 2023 (in millions) Fiscal 2024 (remaining nine months) $ 205 Fiscal 2025 224 Fiscal 2026 177 Fiscal 2027 134 Fiscal 2028 95 Thereafter 136 Total lease payments 971 Less: Imputed interest (80) Total $ 891 Current operating lease liabilities $ 268 Non-current operating lease liabilities $ 623 As of May 5, 2023, the Company’s undiscounted operating leases that had not yet commenced were immaterial.

DEBT

DEBT	3 Months Ended
	May 05, 2023
Debt Disclosure [Abstract]
DEBT	DEBT The following table summarizes the Company’s outstanding debt as of the dates indicated: May 5, 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 4,500 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 1,000 1,000 8.35% due July 2046 800 800 3.45% due December 2051 1,200 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) 10,157 10,290 Other 336 325 Total debt, principal amount $ 28,695 $ 29,867 Unamortized discount, net of unamortized premium (121) (133) Debt issuance costs (142) (146) Total debt, carrying value $ 28,432 $ 29,588 Total short-term debt, carrying value $ 5,470 $ 6,573 Total long-term debt, carrying value $ 22,962 $ 23,015 During the three months ended May 5, 2023, the net decrease in the Company’s debt balance primarily reflected the repayment of $1 billion principal amount of the 5.45% Senior Notes due June 2023. 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 May 5, 2023, the Company had no oustanding 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 May 5, 2023, the Company had no outstanding borrowings under the commercial paper program. Commercial paper issuances and repayments with maturities of 90 days or less are presented on a net basis within cash flows from financing activities on the Condensed Consolidated Statements of Cash Flows. 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 May 5, 2023. Aggregate Future Maturities The following table presents the aggregate future maturities of the Company’s debt as of May 5, 2023 for the periods indicated: Maturities by Fiscal Year 2024 (remaining nine months) 2025 2026 2027 2028 Thereafter Total (in millions) Senior Notes $ — $ 1,000 $ 1,000 $ 6,250 $ 500 $ 8,500 $ 17,250 Legacy Notes and Debentures — — — — — 952 952 DFS Debt 4,442 3,829 643 681 562 — 10,157 Other 177 122 26 7 4 — 336 Total maturities, principal amount 4,619 4,951 1,669 6,938 1,066 9,452 28,695 Associated carrying value adjustments (3) (8) (8) (43) (8) (193) (263) Total maturities, carrying value amount $ 4,616 $ 4,943 $ 1,661 $ 6,895 $ 1,058 $ 9,259 $ 28,432

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	May 05, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	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 months ended May 5, 2023 and April 29, 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 its bonds to a floating rate to match the underlying lease repayments profile. None of these contracts are 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. As of May 5, 2023, the carrying amount of the hedged debt was $1 billion. The gains and losses related to changes in the fair value of the interest rate swaps perfectly offset changes in the fair value of the hedged portion of the underlying debt that are attributable to the changes in the underlying benchmark interest rate. During the three months ended May 5, 2023, the cumulative amount of fair value hedge accounting adjustments was immaterial. These contracts expire within four years. Derivative Instruments The following table presents the notional amounts of outstanding derivative instruments as of the dates indicated: May 5, 2023 February 3, 2023 (in millions) Foreign exchange contracts: Designated as cash flow hedging instruments $ 7,588 $ 7,746 Non-designated as hedging instruments 6,782 6,833 Total $ 14,370 $ 14,579 Interest rate contracts: Designated as fair value hedging instruments $ 1,000 $ 1,000 Non-designated as hedging instruments 6,710 7,214 Total $ 7,710 $ 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 May 5, 2023: Total net revenue $ (88) Foreign exchange contracts $ 10 Total cost of net revenue (3) Interest rate contracts — Interest and other, net — Total $ 10 Total $ (91) For the three months ended April 29, 2022: Total net revenue $ 123 Foreign exchange contracts $ 372 Total cost of net revenue (27) Interest rate contracts — Interest and other, net — Total $ 372 Total $ 96 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 May 5, 2023 April 29, 2022 Location of Gain (Loss) Recognized (in millions) Foreign exchange contracts $ 57 $ (231) Interest and other, net Interest rate contracts (21) 17 Interest and other, net Total $ 36 $ (214) 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: May 5, 2023 Other Current Other Non-Current Assets Other Current Liabilities Other Non-Current Total (in millions) Derivatives designated as hedging instruments: Foreign exchange contracts in an asset position $ 4 $ — $ 1 $ — $ 5 Foreign exchange contracts in a liability position (2) — (5) — (7) Interest rate contracts in an asset position — 2 — — 2 Interest rate contracts in a liability position — — — — — Net asset (liability) 2 2 (4) — — Derivatives not designated as hedging instruments: Foreign exchange contracts in an asset position 265 1 124 — 390 Foreign exchange contracts in a liability position (204) — (168) — (372) Interest rate contracts in an asset position 5 70 — — 75 Interest rate contracts in a liability position — — — (43) (43) Net asset (liability) 66 71 (44) (43) 50 Total derivatives at fair value $ 68 $ 73 $ (48) $ (43) $ 50 February 3, 2023 Other Current Other Non-Current Assets Other Current Liabilities Other Non-Current Total (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 (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: May 5, 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 $ 472 $ (331) $ 141 $ — $ (51) $ 90 Financial liabilities (422) 331 (91) — 12 (79) Total derivative instruments $ 50 $ — $ 50 $ — $ (39) $ 11 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)

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	May 05, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	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 Impact of foreign currency translation and other (15) — — (15) Balances as of May 5, 2023 $ 15,002 $ 4,232 $ 427 $ 19,661 Intangible Assets The following table presents the Company’s intangible assets as of the dates indicated: May 5, 2023 February 3, 2023 Gross Accumulated Net Gross Accumulated Net (in millions) Customer relationships $ 16,956 $ (14,589) $ 2,367 $ 16,956 $ (14,474) $ 2,482 Developed technology 9,466 (8,736) 730 9,466 (8,660) 806 Trade names 875 (788) 87 875 (780) 95 Definite-lived intangible assets 27,297 (24,113) 3,184 27,297 (23,914) 3,383 Indefinite-lived trade names 3,085 — 3,085 3,085 — 3,085 Total intangible assets $ 30,382 $ (24,113) $ 6,269 $ 30,382 $ (23,914) $ 6,468 Amortization expense related to definite-lived intangible assets was $199 million and $243 million for the three months ended May 5, 2023 and April 29, 2022, respectively. There were no material impairment charges related to intangible assets during the three months ended May 5, 2023 and April 29, 2022. The following table presents the estimated future annual pre-tax amortization expense of definite-lived intangible assets as of the date indicated: May 5, 2023 (in millions) Fiscal 2024 (remaining nine months) $ 591 Fiscal 2025 619 Fiscal 2026 488 Fiscal 2027 376 Fiscal 2028 236 Thereafter 874 Total $ 3,184 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 during the third quarter of Fiscal 2023, 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. Management exercised significant judgment related to the above assessment, including the identification of goodwill reporting units, assignment of assets and liabilities to goodwill reporting units, assignment of goodwill to reporting units, and determination of the fair value of each goodwill reporting unit. The fair value of each goodwill reporting unit is generally estimated using a combination of public company multiples and discounted cash flow methodologies. 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 Fiscal 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 three months ended May 5, 2023.

DEFERRED REVENUE

DEFERRED REVENUE	3 Months Ended
	May 05, 2023
Revenue from Contract with Customer [Abstract]
DEFERRED REVENUE	DEFERRED REVENUE 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 May 5, 2023 April 29, 2022 (in millions) Deferred revenue: Deferred revenue at beginning of period $ 30,286 $ 27,573 Revenue deferrals 4,719 4,975 Revenue recognized (5,310) (4,980) Other (a) — (165) Deferred revenue at end of period $ 29,695 $ 27,403 Short-term deferred revenue $ 15,527 $ 14,329 Long-term deferred revenue $ 14,168 $ 13,074 ____________________ (a) 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 May 5, 2023 was approximately $39 billion. The Company expects to recognize approximately 57% 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.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	May 05, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Matters The Company is involved in various claims, suits, assessments, investigations, and legal proceedings that arise from time to time in the ordinary course of its business, including those identified below, consisting of matters involving consumer, antitrust, tax, intellectual property, and other issues on a global basis. The Company accrues a liability when it believes that it is both probable that a liability has been incurred and that it can reasonably estimate the amount of the loss. The Company reviews these accruals at least quarterly and adjusts them to reflect ongoing negotiations, settlements, rulings, advice of legal counsel, and other relevant information. To the extent new information is obtained and the Company’s views on the probable outcomes of claims, suits, assessments, investigations, or legal proceedings change, changes in the Company’s accrued liabilities 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 consisting of directors who were not defendants in the action, advised by independent counsel, informed the Board 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, subsequent to the close of the three months ended May 5, 2023, the Company paid the settlement amount following approval of the settlement by the Delaware Court of Chancery. 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 May 5, 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”), Dell Technologies has 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 has 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.

INCOME AND OTHER TAXES

INCOME AND OTHER TAXES	3 Months Ended
	May 05, 2023
Income Tax Disclosure [Abstract]
INCOME AND OTHER TAXES	INCOME AND OTHER TAXES For the three months ended May 5, 2023, the Company’s effective income tax rate was 18.0% on pre-tax income of $0.7 billion compared to 11.9% on pre-tax income of $1.2 billion for the three months ended April 29, 2022. The change in the Company’s effective income tax rate was attributable to a change in the Company’s jurisdictional mix of income as well as higher U.S. tax on foreign operations. 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 that is 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 2033. 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 May 5, 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. The Internal Revenue Service is currently conducting tax examinations of the Company for fiscal years 2015 through 2019. 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. The Company believes that it has provided adequate reserves related to all matters contained in tax periods open to examination. Although the Company believes it has made adequate provisions for the uncertainties surrounding these audits, should the Company experience unfavorable outcomes, such outcomes could have a material impact on its results of operations, financial position, and cash flows. With respect to major U.S. state and foreign taxing jurisdictions, the Company is generally not subject to tax examinations for years prior to the fiscal year ended January 29, 2010. Judgment is required in evaluating the Company’s uncertain tax positions and determining the Company’s provision for income taxes. The unrecognized tax benefits were $1.3 billion as of both May 5, 2023 and February 3, 2023 and are included in accrued and other and other non-current liabilities in the Condensed Consolidated Statements of Financial Position. The Company does not expect a significant change to the total amount of unrecognized tax benefits within the next twelve months. The Company takes certain non-income tax positions in the jurisdictions in which it operates and has received certain non-income tax assessments from various jurisdictions. The Company believes that a material loss in these matters is not probable and that it is not reasonably possible that a material loss exceeding amounts already accrued has been incurred. The Company believes its positions in these non-income tax litigation matters are supportable and that it ultimately will prevail in the matters. In the normal course of business, the Company’s positions and conclusions related to its non-income taxes could be challenged and assessments may be made. To the extent new information is obtained and the Company’s views on its positions, probable outcomes of assessments, or litigation change, changes in estimates to the Company’s accrued liabilities would be recorded in the period in which such a determination is made. In the resolution process for income tax and non-income tax audits, the Company is required in certain situations to provide collateral guarantees or indemnification to regulators and tax authorities until the matter is resolved.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	May 05, 2023
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	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 before reclassifications 31 10 1 42 Amounts reclassified from accumulated other comprehensive income (loss) — 91 — 91 Total change for the period 31 101 1 133 Balances as of May 5, 2023 $ (716) $ (121) $ (31) $ (868) 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 May 5, 2023 April 29, 2022 Cash Flow Hedges Cash Flow Hedges (in millions) Total reclassifications, net of tax: Net revenue $ (88) $ 123 Cost of net revenue (3) (27) Operating expenses — — Total reclassifications, net of tax $ (91) $ 96

CAPITALIZATION

CAPITALIZATION	3 Months Ended
	May 05, 2023
Equity [Abstract]
CAPITALIZATION	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 May 5, 2023 Class A 600 379 379 Class B 200 95 95 Class C 7,900 343 255 Class D 100 — — 8,800 817 729 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 May 5, 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 three months ended May 5, 2023, 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 ) May 5, 2023 March 2, 2023 April 25, 2023 May 5, 2023 $ 0.37 $ 270 April 29, 2022 February 24, 2022 April 20, 2022 April 29, 2022 $ 0.33 $ 248 During the three months ended May 5, 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. During the three months ended May 5, 2023, the Company repurchased approximately 6.1 million shares of Class C Common Stock for a total purchase price of approximately $0.25 billion. During the three months ended April 29, 2022, the Company repurchased approximately 28.8 million shares of Class C Common Stock for a total purchase price of approximately $1.5 billion.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	May 05, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	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 May 5, 2023 April 29, 2022 Earnings per share attributable to Dell Technologies Inc. Dell Technologies Common Stock — Basic $ 0.81 $ 1.42 Dell Technologies Common Stock — Diluted $ 0.79 $ 1.37 The following table presents the computation of basic and diluted earnings per share for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 (in millions) Numerator: Dell Technologies Common Stock Net income attributable to Dell Technologies Inc. - basic and diluted $ 583 $ 1,072 Denominator: Dell Technologies Common Stock weighted-average shares outstanding Weighted-average shares outstanding — basic 724 754 Dilutive effect of options, restricted stock units, restricted stock, and other 13 26 Weighted-average shares outstanding — diluted 737 780 Weighted-average shares outstanding — antidilutive 16 1

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	May 05, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS VMware is 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. The information provided below includes a summary of transactions with VMware. Transactions with related parties other than VMware during the periods presented were immaterial, individually and in aggregate. Transactions with VMware Dell Technologies and VMware engage in the following ongoing related party transactions: • 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 procures products and services from VMware for its internal use. For the three months ended May 5, 2023 and April 29, 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 months ended May 5, 2023 and April 29, 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 months ended May 5, 2023 and April 29, 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 months ended April 29, 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 Classification May 5, 2023 April 29, 2022 (in millions) Sales and leases of products to VMware Net revenue - products $ 40 $ 46 Purchase of VMware products for resale Cost of net revenue - products $ 207 $ 255 Purchase of VMware services for resale Cost of net revenue - services $ 876 $ 709 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 May 5, 2023 February 3, 2023 (in millions) Deferred costs related to VMware products and services for resale Other current assets $ 2,863 $ 3,000 Deferred costs related to VMware products and services for resale Other non-current assets $ 2,234 $ 2,537 Due To/From Related Party The following table presents amounts due to and from VMware as of the dates indicated: May 5, 2023 February 3, 2023 (in millions) Due from related party, net, current (a) $ 384 $ 378 Due from related party, net, non-current (b) $ 442 $ 440 Due to related party, current (c) $ 594 $ 2,067 ____________________ (a) Amounts due from related party, net, current consists 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 consists of the non-current portion of net receivables from VMware under the Tax Agreements. (c) Amounts due to related party, current includes amounts due to VMware, which are generally settled in cash within 60 days of each quarter-end. 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 three months ended May 5, 2023 and net payments to VMware during the three months ended April 29, 2022 were immaterial. As a result of the activity under the Tax Agreements with VMware, amounts due from VMware were $596 million and $599 million as of May 5, 2023 and February 3, 2023, respectively, 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 three 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 May 5, 2023 and February 3, 2023 was $150 million and $146 million, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	May 05, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	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, 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 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 association with the VMware Spin-off, Dell Technologies continues to act as a distributor of VMware’s standalone products and services and purchase such products and services for resale to end-user customers (“VMware Resale”). Dell Technologies also continues to integrate VMware’s products and services with Dell Technologies’ offerings and sell 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. 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 May 5, 2023 April 29, 2022 (in millions) Consolidated net revenue: Infrastructure Solutions Group $ 7,593 $ 9,285 Client Solutions Group 11,983 15,587 Reportable segment net revenue 19,576 24,872 Other businesses (a) 1,343 1,239 Unallocated transactions (b) 3 5 Total consolidated net revenue $ 20,922 $ 26,116 Consolidated operating income: Infrastructure Solutions Group $ 740 $ 1,082 Client Solutions Group 892 1,115 Reportable segment operating income 1,632 2,197 Other businesses (a) (36) (64) Unallocated transactions (b) 2 2 Impact of purchase accounting (c) (4) (9) Amortization of intangibles (199) (243) Transaction-related expenses (d) (3) (5) Stock-based compensation expense (e) (225) (232) Other corporate expenses (f) (98) (96) Total consolidated operating income $ 1,069 $ 1,550 ____________________ (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 impairment charges, incentive charges related to equity investments, severance, 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 May 5, 2023 April 29, 2022 (in millions) Net revenue: Infrastructure Solutions Group: Servers and networking $ 3,837 $ 5,048 Storage 3,756 4,237 Total ISG net revenue $ 7,593 $ 9,285 Client Solutions Group: Commercial $ 9,862 $ 11,971 Consumer 2,121 3,616 Total CSG net revenue $ 11,983 $ 15,587

SUPPLEMENTAL CONSOLIDATED FINAN

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION	3 Months Ended
	May 05, 2023
Condensed Financial Information Disclosure [Abstract]
SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION	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: May 5, 2023 February 3, 2023 (in millions) Cash, cash equivalents, and restricted cash: Cash and cash equivalents $ 7,631 $ 8,607 Restricted cash - other current assets (a) 291 272 Restricted cash - other non-current assets (a) 5 15 Total cash, cash equivalents, and restricted cash $ 7,927 $ 8,894 Inventories, net: Production materials $ 2,541 $ 3,225 Work-in-process 613 708 Finished goods 862 843 Total inventories, net $ 4,016 $ 4,776 Deferred Costs: Total deferred costs, current (b) $ 5,433 $ 5,459 Property, plant, and equipment, net: Computer equipment $ 7,191 $ 6,899 Land and buildings 3,049 3,059 Machinery and other equipment 3,153 3,134 Total property, plant, and equipment 13,393 13,092 Accumulated depreciation and amortization (7,132) (6,883) Total property, plant, and equipment, net $ 6,261 $ 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. 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 secured legal 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. 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 May 5, 2023 and February 3, 2023, the Company had $1 billion included within Accounts Payable representing invoices due to suppliers confirmed as valid under the SCF Program. Warranty Liability The following table presents changes in the Company’s liability for standard limited warranties for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 (in millions) Warranty liability: Warranty liability at beginning of period $ 467 $ 480 Costs accrued for new warranty contracts and changes in estimates for pre-existing warranties (a) 196 223 Service obligations honored (225) (235) Warranty liability at end of period $ 438 $ 468 ____________________ (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. During the three months ended May 5, 2023, the Company announced to its employees reorganizations and actions to align its investments more closely with its previously discussed strategic and customer priorities as it continues to take prudent steps in light of a challenging global economic environment. These actions impacted approximately 5% of the Company’s workforce. The Company recognized $367 million of expense associated with these actions in the fourth quarter of Fiscal 2023 and $48 million in the first quarter of Fiscal 2024. The following table presents the activity related to the Company’s severance liability for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 (in millions) Severance liability: Severance liability at beginning of period $ 408 $ 74 Severance charges 48 17 Cash paid and other (294) (28) Severance liability at end of period $ 162 $ 63 Interest and other, net The following table presents information regarding interest and other, net for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 (in millions) Interest and other, net: Investment income, primarily interest $ 59 $ 15 Gain (loss) on investments, net (15) 14 Interest expense (405) (265) Foreign exchange (32) (89) Other 29 (12) Total interest and other, net $ (364) $ (337)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	May 05, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS There were no known events occurring after May 5, 2023 and up until the date of issuance of this report that would materially affect the information presented herein.

OVERVIEW AND BASIS OF PRESENT_2

OVERVIEW AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	May 05, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	References in these Notes to the Condensed Consolidated Financial Statements to the “Company” or “Dell Technologies” mean Dell Technologies Inc. individually and together with its consolidated subsidiaries.
Basis of Presentation	Basis of Presentation — The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and accompanying Notes filed with the U.S. Securities and Exchange Commission (“SEC”) in the Company’s Annual Report on Form 10-K for the fiscal year ended 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 May 5, 2023 and February 3, 2023 and the results of its operations, corresponding comprehensive income, changes in stockholders’ equity, and cash flows for the three months ended May 5, 2023 and April 29, 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 its operations, corresponding comprehensive income, changes in stockholders’ equity, and cash flows for the three months ended May 5, 2023 and April 29, 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., 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 liquidity on a quarterly basis. As of May 5, 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 $190 million and $179 million as of May 5, 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.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	May 05, 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: May 5, 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 $ 3,775 $ — $ — $ 3,775 $ 4,301 $ — $ — $ 4,301 Marketable equity and other securities 9 — — 9 33 — — 33 Derivative instruments — 141 — 141 — 295 — 295 Total assets $ 3,784 $ 141 $ — $ 3,925 $ 4,334 $ 295 $ — $ 4,629 Liabilities: Derivative instruments $ — $ 91 $ — $ 91 $ — $ 460 $ — $ 460 Total liabilities $ — $ 91 $ — $ 91 $ — $ 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: May 5, 2023 February 3, 2023 Carrying Value Fair Value Carrying Value Fair Value (in billions) Senior Notes $ 17.1 $ 17.1 $ 18.1 $ 18.2 Legacy Notes and Debentures $ 0.9 $ 1.0 $ 0.9 $ 1.0 DFS Debt $ 10.2 $ 9.8 $ 10.3 $ 9.9

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
	May 05, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of carrying value of equity 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: May 5, 2023 February 3, 2023 Cost Unrealized Gain Unrealized Loss Carrying Value Cost Unrealized Gain Unrealized Loss Carrying Value (in millions) Marketable $ 55 $ 17 $ (63) $ 9 $ 56 $ 17 $ (40) $ 33 Non-marketable 712 660 (105) 1,267 714 651 (100) 1,265 Total equity and other securities $ 767 $ 677 $ (168) $ 1,276 $ 770 $ 668 $ (140) $ 1,298
Schedule of gain (loss) on 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 May 5, 2023 April 29, 2022 (in millions) Marketable securities: Unrealized loss $ (23) $ (18) Net unrealized gain (loss) (23) (18) Non-marketable securities: Unrealized gain 9 21 Unrealized loss (5) — Net unrealized gain (a) 4 21 Net unrealized gain (loss) on equity and other securities $ (19) $ 3 ____________________ (a) For all periods presented, net unrealized gains on non-marketable securities were primarily due to upward adjustments for observable price changes.
Schedule of fixed income debt securities	The following table summarizes the Company’s debt securities as of the dates indicated: May 5, 2023 February 3, 2023 Cost Unrealized Gain Unrealized Loss Carrying Value Cost Unrealized Gain Unrealized Loss Carrying Value (in millions) Fixed income debt securities $ 350 $ 77 $ (104) $ 323 $ 348 $ 65 $ (95) $ 318

FINANCIAL SERVICES (Tables)

FINANCIAL SERVICES (Tables)	3 Months Ended
	May 05, 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: May 5, 2023 February 3, 2023 Revolving Fixed-term Total Revolving Fixed-term Total (in millions) Financing receivables, net: Customer receivables, gross (a) $ 658 $ 9,951 $ 10,609 $ 685 $ 10,293 $ 10,978 Allowances for losses (84) (135) (219) (88) (113) (201) Customer receivables, net 574 9,816 10,390 597 10,180 10,777 Residual interest — 147 147 — 142 142 Financing receivables, net $ 574 $ 9,963 $ 10,537 $ 597 $ 10,322 $ 10,919 Short-term $ 574 $ 4,439 $ 5,013 $ 597 $ 4,684 $ 5,281 Long-term $ — $ 5,524 $ 5,524 $ — $ 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 allowance for financing receivable losses	The following table presents the changes in allowance for financing receivable losses for the periods indicated: Three Months Ended May 5, 2023 April 29, 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 (17) (1) (18) (13) (2) (15) Provision charged to income statement 13 23 36 5 2 7 Balances at end of period $ 84 $ 135 $ 219 $ 94 $ 87 $ 181
Schedule of aging of customer financing receivables	The following table presents the aging of the Company’s customer financing receivables, gross, including accrued interest, segregated by class, as of the dates indicated: May 5, 2023 February 3, 2023 Current Past Due Past Due Total Current Past Due Past Due Total (in millions) Revolving — DPA $ 433 $ 33 $ 16 $ 482 $ 457 $ 34 $ 17 $ 508 Revolving — DBC 153 19 4 176 154 19 4 177 Fixed-term — Consumer and Commercial 9,128 743 80 9,951 9,309 927 57 10,293 Total customer receivables, gross $ 9,714 $ 795 $ 100 $ 10,609 $ 9,920 $ 980 $ 78 $ 10,978
Schedule of credit quality indicators	The following tables present customer receivables, gross, including accrued interest, by credit quality indicator, segregated by class, as of the dates indicated: May 5, 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 $ 931 $ 2,640 $ 1,484 $ 716 $ 259 $ 18 $ 113 $ 43 $ 6,204 Mid 410 1,274 536 270 84 9 130 53 2,766 Lower 198 660 296 117 42 7 239 80 1,639 Total $ 1,539 $ 4,574 $ 2,316 $ 1,103 $ 385 $ 34 $ 482 $ 176 $ 10,609 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 finance leases	The following table presents the net revenue, cost of net revenue, and gross margin recognized at the commencement date of sales-type leases for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 (in millions) Net revenue — products $ 247 $ 220 Cost of net revenue — products 196 204 Gross margin — products $ 51 $ 16
Schedule of future maturity of fixed-term customer leases	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: May 5, 2023 (in millions) Fiscal 2024 (remaining nine months) $ 1,997 Fiscal 2025 1,894 Fiscal 2026 1,361 Fiscal 2027 659 Fiscal 2028 and beyond 178 Total undiscounted cash flows 6,089 Fixed-term loans 4,640 Revolving loans 658 Less: Unearned income (778) Total customer receivables, gross $ 10,609
Schedule of operating lease	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: May 5, 2023 February 3, 2023 (in millions) Equipment under operating lease, gross $ 3,817 $ 3,725 Less: Accumulated depreciation (1,634) (1,517) Equipment under operating lease, net $ 2,183 $ 2,208
Schedule of operating lease income and 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 May 5, 2023 April 29, 2022 (in millions) Income related to lease payments $ 321 $ 232 Depreciation expense $ 233 $ 165
Schedule of operating lease income maturities	The following table presents the future payments to be received by the Company as lessor in operating lease contracts as of the date indicated: May 5, 2023 (in millions) Fiscal 2024 (remaining nine months) $ 862 Fiscal 2025 824 Fiscal 2026 460 Fiscal 2027 141 Fiscal 2028 and beyond 46 Total $ 2,333
Schedule of debt	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: May 5, 2023 February 3, 2023 DFS debt (in millions) DFS U.S. debt: Asset-based financing and securitization facilities $ 3,326 $ 3,987 Fixed-term securitization offerings 3,192 2,679 Other 67 76 Total DFS U.S. debt 6,585 6,742 DFS international debt: Securitization facility 818 790 Other borrowings 852 871 Note payable 250 250 Dell Bank senior unsecured eurobonds 1,652 1,637 Total DFS international debt 3,572 3,548 Total DFS debt $ 10,157 $ 10,290 Total short-term DFS debt $ 5,232 $ 5,400 Total long-term DFS debt $ 4,925 $ 4,890 The following table summarizes the Company’s outstanding debt as of the dates indicated: May 5, 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 4,500 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 1,000 1,000 8.35% due July 2046 800 800 3.45% due December 2051 1,200 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) 10,157 10,290 Other 336 325 Total debt, principal amount $ 28,695 $ 29,867 Unamortized discount, net of unamortized premium (121) (133) Debt issuance costs (142) (146) Total debt, carrying value $ 28,432 $ 29,588 Total short-term debt, carrying value $ 5,470 $ 6,573 Total long-term debt, carrying value $ 22,962 $ 23,015
Schedule of financing receivables 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: May 5, 2023 February 3, 2023 (in millions) Assets held by consolidated VIEs Other current assets $ 291 $ 274 Financing receivables, net of allowance Short-term $ 3,620 $ 3,702 Long-term $ 3,361 $ 3,295 Property, plant, and equipment, net $ 1,423 $ 1,164 Liabilities held by consolidated VIEs Debt, net of unamortized debt issuance costs Short-term $ 4,277 $ 4,761 Long-term $ 1,980 $ 2,685

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	May 05, 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 May 5, 2023 April 29, 2022 (in millions) Operating lease costs $ 79 $ 72 Variable costs 24 25 Total lease costs $ 103 $ 97 During the three months ended May 5, 2023 and April 29, 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 May 5, 2023 February 3, 2023 (in millions, except for term and discount rate) Operating lease right-of-use assets Other non-current assets $ 734 $ 725 Current operating lease liabilities Accrued and other current liabilities $ 268 $ 260 Non-current operating lease liabilities Other non-current liabilities 623 630 Total operating lease liabilities $ 891 $ 890 Weighted-average remaining lease term (in years) 4.77 4.95 Weighted-average discount rate 4.05 % 3.48 % The following table presents supplemental cash flow information related to leases for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 (in millions) Cash paid for amounts included in the measurement of lease liabilities — $ 77 $ 80 Right-of-use assets obtained in exchange for new operating lease liabilities $ 81 $ 72
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: May 5, 2023 (in millions) Fiscal 2024 (remaining nine months) $ 205 Fiscal 2025 224 Fiscal 2026 177 Fiscal 2027 134 Fiscal 2028 95 Thereafter 136 Total lease payments 971 Less: Imputed interest (80) Total $ 891 Current operating lease liabilities $ 268 Non-current operating lease liabilities $ 623

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	May 05, 2023
Debt Disclosure [Abstract]
Schedule of outstanding debt	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: May 5, 2023 February 3, 2023 DFS debt (in millions) DFS U.S. debt: Asset-based financing and securitization facilities $ 3,326 $ 3,987 Fixed-term securitization offerings 3,192 2,679 Other 67 76 Total DFS U.S. debt 6,585 6,742 DFS international debt: Securitization facility 818 790 Other borrowings 852 871 Note payable 250 250 Dell Bank senior unsecured eurobonds 1,652 1,637 Total DFS international debt 3,572 3,548 Total DFS debt $ 10,157 $ 10,290 Total short-term DFS debt $ 5,232 $ 5,400 Total long-term DFS debt $ 4,925 $ 4,890 The following table summarizes the Company’s outstanding debt as of the dates indicated: May 5, 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 4,500 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 1,000 1,000 8.35% due July 2046 800 800 3.45% due December 2051 1,200 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) 10,157 10,290 Other 336 325 Total debt, principal amount $ 28,695 $ 29,867 Unamortized discount, net of unamortized premium (121) (133) Debt issuance costs (142) (146) Total debt, carrying value $ 28,432 $ 29,588 Total short-term debt, carrying value $ 5,470 $ 6,573 Total long-term debt, carrying value $ 22,962 $ 23,015
Schedule of aggregate future maturities	The following table presents the aggregate future maturities of the Company’s debt as of May 5, 2023 for the periods indicated: Maturities by Fiscal Year 2024 (remaining nine months) 2025 2026 2027 2028 Thereafter Total (in millions) Senior Notes $ — $ 1,000 $ 1,000 $ 6,250 $ 500 $ 8,500 $ 17,250 Legacy Notes and Debentures — — — — — 952 952 DFS Debt 4,442 3,829 643 681 562 — 10,157 Other 177 122 26 7 4 — 336 Total maturities, principal amount 4,619 4,951 1,669 6,938 1,066 9,452 28,695 Associated carrying value adjustments (3) (8) (8) (43) (8) (193) (263) Total maturities, carrying value amount $ 4,616 $ 4,943 $ 1,661 $ 6,895 $ 1,058 $ 9,259 $ 28,432

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	May 05, 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: May 5, 2023 February 3, 2023 (in millions) Foreign exchange contracts: Designated as cash flow hedging instruments $ 7,588 $ 7,746 Non-designated as hedging instruments 6,782 6,833 Total $ 14,370 $ 14,579 Interest rate contracts: Designated as fair value hedging instruments $ 1,000 $ 1,000 Non-designated as hedging instruments 6,710 7,214 Total $ 7,710 $ 8,214
Schedule of derivative instruments designated as hedging instruments	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 May 5, 2023: Total net revenue $ (88) Foreign exchange contracts $ 10 Total cost of net revenue (3) Interest rate contracts — Interest and other, net — Total $ 10 Total $ (91) For the three months ended April 29, 2022: Total net revenue $ 123 Foreign exchange contracts $ 372 Total cost of net revenue (27) Interest rate contracts — Interest and other, net — Total $ 372 Total $ 96
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 May 5, 2023 April 29, 2022 Location of Gain (Loss) Recognized (in millions) Foreign exchange contracts $ 57 $ (231) Interest and other, net Interest rate contracts (21) 17 Interest and other, net Total $ 36 $ (214)
Schedule of fair value of derivatives	The following tables present the fair value of those derivative instruments presented on a gross basis as of the dates indicated: May 5, 2023 Other Current Other Non-Current Assets Other Current Liabilities Other Non-Current Total (in millions) Derivatives designated as hedging instruments: Foreign exchange contracts in an asset position $ 4 $ — $ 1 $ — $ 5 Foreign exchange contracts in a liability position (2) — (5) — (7) Interest rate contracts in an asset position — 2 — — 2 Interest rate contracts in a liability position — — — — — Net asset (liability) 2 2 (4) — — Derivatives not designated as hedging instruments: Foreign exchange contracts in an asset position 265 1 124 — 390 Foreign exchange contracts in a liability position (204) — (168) — (372) Interest rate contracts in an asset position 5 70 — — 75 Interest rate contracts in a liability position — — — (43) (43) Net asset (liability) 66 71 (44) (43) 50 Total derivatives at fair value $ 68 $ 73 $ (48) $ (43) $ 50 February 3, 2023 Other Current Other Non-Current Assets Other Current Liabilities Other Non-Current Total (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 (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 derivative instruments	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: May 5, 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 $ 472 $ (331) $ 141 $ — $ (51) $ 90 Financial liabilities (422) 331 (91) — 12 (79) Total derivative instruments $ 50 $ — $ 50 $ — $ (39) $ 11 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 offsetting amounts	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: May 5, 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 $ 472 $ (331) $ 141 $ — $ (51) $ 90 Financial liabilities (422) 331 (91) — 12 (79) Total derivative instruments $ 50 $ — $ 50 $ — $ (39) $ 11 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)

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	May 05, 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 Impact of foreign currency translation and other (15) — — (15) Balances as of May 5, 2023 $ 15,002 $ 4,232 $ 427 $ 19,661
Schedule of definite-lived intangible assets	The following table presents the Company’s intangible assets as of the dates indicated: May 5, 2023 February 3, 2023 Gross Accumulated Net Gross Accumulated Net (in millions) Customer relationships $ 16,956 $ (14,589) $ 2,367 $ 16,956 $ (14,474) $ 2,482 Developed technology 9,466 (8,736) 730 9,466 (8,660) 806 Trade names 875 (788) 87 875 (780) 95 Definite-lived intangible assets 27,297 (24,113) 3,184 27,297 (23,914) 3,383 Indefinite-lived trade names 3,085 — 3,085 3,085 — 3,085 Total intangible assets $ 30,382 $ (24,113) $ 6,269 $ 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: May 5, 2023 February 3, 2023 Gross Accumulated Net Gross Accumulated Net (in millions) Customer relationships $ 16,956 $ (14,589) $ 2,367 $ 16,956 $ (14,474) $ 2,482 Developed technology 9,466 (8,736) 730 9,466 (8,660) 806 Trade names 875 (788) 87 875 (780) 95 Definite-lived intangible assets 27,297 (24,113) 3,184 27,297 (23,914) 3,383 Indefinite-lived trade names 3,085 — 3,085 3,085 — 3,085 Total intangible assets $ 30,382 $ (24,113) $ 6,269 $ 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: May 5, 2023 (in millions) Fiscal 2024 (remaining nine months) $ 591 Fiscal 2025 619 Fiscal 2026 488 Fiscal 2027 376 Fiscal 2028 236 Thereafter 874 Total $ 3,184

DEFERRED REVENUE (Tables)

DEFERRED REVENUE (Tables)	3 Months Ended
	May 05, 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 May 5, 2023 April 29, 2022 (in millions) Deferred revenue: Deferred revenue at beginning of period $ 30,286 $ 27,573 Revenue deferrals 4,719 4,975 Revenue recognized (5,310) (4,980) Other (a) — (165) Deferred revenue at end of period $ 29,695 $ 27,403 Short-term deferred revenue $ 15,527 $ 14,329 Long-term deferred revenue $ 14,168 $ 13,074 ____________________ (a) Other represents the reclassification of deferred revenue to accrued and other liabilities.

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	May 05, 2023
Equity [Abstract]
Schedule of changes in accumulated other comprehensive income (loss)	The following table presents changes in accumulated other comprehensive income (loss), net of tax, by the following components as of the dates indicated: Foreign Currency Translation Adjustments Cash Flow Hedges Pension and Other Postretirement Plans Accumulated Other Comprehensive Income (Loss) (in millions) Balances as of February 3, 2023 $ (747) $ (222) $ (32) $ (1,001) Other comprehensive income before reclassifications 31 10 1 42 Amounts reclassified from accumulated other comprehensive income (loss) — 91 — 91 Total change for the period 31 101 1 133 Balances as of May 5, 2023 $ (716) $ (121) $ (31) $ (868)
Schedule of reclassifications out of accumulated other comprehensive income (loss)	The following table presents reclassifications out of accumulated other comprehensive income (loss), net of tax, to net income for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 Cash Flow Hedges Cash Flow Hedges (in millions) Total reclassifications, net of tax: Net revenue $ (88) $ 123 Cost of net revenue (3) (27) Operating expenses — — Total reclassifications, net of tax $ (91) $ 96

CAPITALIZATION (Tables)

CAPITALIZATION (Tables)	3 Months Ended
	May 05, 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 May 5, 2023 Class A 600 379 379 Class B 200 95 95 Class C 7,900 343 255 Class D 100 — — 8,800 817 729 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 ) May 5, 2023 March 2, 2023 April 25, 2023 May 5, 2023 $ 0.37 $ 270 April 29, 2022 February 24, 2022 April 20, 2022 April 29, 2022 $ 0.33 $ 248

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	May 05, 2023
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted earnings per share and reconciliation to consolidated net income	The following table presents basic and diluted earnings per share for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 Earnings per share attributable to Dell Technologies Inc. Dell Technologies Common Stock — Basic $ 0.81 $ 1.42 Dell Technologies Common Stock — Diluted $ 0.79 $ 1.37 The following table presents the computation of basic and diluted earnings per share for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 (in millions) Numerator: Dell Technologies Common Stock Net income attributable to Dell Technologies Inc. - basic and diluted $ 583 $ 1,072 Denominator: Dell Technologies Common Stock weighted-average shares outstanding Weighted-average shares outstanding — basic 724 754 Dilutive effect of options, restricted stock units, restricted stock, and other 13 26 Weighted-average shares outstanding — diluted 737 780 Weighted-average shares outstanding — antidilutive 16 1

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	May 05, 2023
Related Party Transactions [Abstract]
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 Classification May 5, 2023 April 29, 2022 (in millions) Sales and leases of products to VMware Net revenue - products $ 40 $ 46 Purchase of VMware products for resale Cost of net revenue - products $ 207 $ 255 Purchase of VMware services for resale Cost of net revenue - services $ 876 $ 709 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 May 5, 2023 February 3, 2023 (in millions) Deferred costs related to VMware products and services for resale Other current assets $ 2,863 $ 3,000 Deferred costs related to VMware products and services for resale Other non-current assets $ 2,234 $ 2,537 The following table presents amounts due to and from VMware as of the dates indicated: May 5, 2023 February 3, 2023 (in millions) Due from related party, net, current (a) $ 384 $ 378 Due from related party, net, non-current (b) $ 442 $ 440 Due to related party, current (c) $ 594 $ 2,067 ____________________ (a) Amounts due from related party, net, current consists 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 consists of the non-current portion of net receivables from VMware under the Tax Agreements. (c) Amounts due to related party, current includes amounts due to VMware, which are generally settled in cash within 60 days of each quarter-end.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	May 05, 2023
Segment Reporting [Abstract]
Schedule of reconciliation of revenue from segments to consolidated net revenue	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 May 5, 2023 April 29, 2022 (in millions) Consolidated net revenue: Infrastructure Solutions Group $ 7,593 $ 9,285 Client Solutions Group 11,983 15,587 Reportable segment net revenue 19,576 24,872 Other businesses (a) 1,343 1,239 Unallocated transactions (b) 3 5 Total consolidated net revenue $ 20,922 $ 26,116 Consolidated operating income: Infrastructure Solutions Group $ 740 $ 1,082 Client Solutions Group 892 1,115 Reportable segment operating income 1,632 2,197 Other businesses (a) (36) (64) Unallocated transactions (b) 2 2 Impact of purchase accounting (c) (4) (9) Amortization of intangibles (199) (243) Transaction-related expenses (d) (3) (5) Stock-based compensation expense (e) (225) (232) Other corporate expenses (f) (98) (96) Total consolidated operating income $ 1,069 $ 1,550 ____________________ (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.
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 May 5, 2023 April 29, 2022 (in millions) Net revenue: Infrastructure Solutions Group: Servers and networking $ 3,837 $ 5,048 Storage 3,756 4,237 Total ISG net revenue $ 7,593 $ 9,285 Client Solutions Group: Commercial $ 9,862 $ 11,971 Consumer 2,121 3,616 Total CSG net revenue $ 11,983 $ 15,587

SUPPLEMENTAL CONSOLIDATED FIN_2

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION (Tables)	3 Months Ended
	May 05, 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: May 5, 2023 February 3, 2023 (in millions) Cash, cash equivalents, and restricted cash: Cash and cash equivalents $ 7,631 $ 8,607 Restricted cash - other current assets (a) 291 272 Restricted cash - other non-current assets (a) 5 15 Total cash, cash equivalents, and restricted cash $ 7,927 $ 8,894 Inventories, net: Production materials $ 2,541 $ 3,225 Work-in-process 613 708 Finished goods 862 843 Total inventories, net $ 4,016 $ 4,776 Deferred Costs: Total deferred costs, current (b) $ 5,433 $ 5,459 Property, plant, and equipment, net: Computer equipment $ 7,191 $ 6,899 Land and buildings 3,049 3,059 Machinery and other equipment 3,153 3,134 Total property, plant, and equipment 13,393 13,092 Accumulated depreciation and amortization (7,132) (6,883) Total property, plant, and equipment, net $ 6,261 $ 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.
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 May 5, 2023 April 29, 2022 (in millions) Warranty liability: Warranty liability at beginning of period $ 467 $ 480 Costs accrued for new warranty contracts and changes in estimates for pre-existing warranties (a) 196 223 Service obligations honored (225) (235) Warranty liability at end of period $ 438 $ 468 ____________________
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 May 5, 2023 April 29, 2022 (in millions) Severance liability: Severance liability at beginning of period $ 408 $ 74 Severance charges 48 17 Cash paid and other (294) (28) Severance liability at end of period $ 162 $ 63
Schedule of interest and other, net	The following table presents information regarding interest and other, net for the periods indicated: Three Months Ended May 5, 2023 April 29, 2022 (in millions) Interest and other, net: Investment income, primarily interest $ 59 $ 15 Gain (loss) on investments, net (15) 14 Interest expense (405) (265) Foreign exchange (32) (89) Other 29 (12) Total interest and other, net $ (364) $ (337)

OVERVIEW AND BASIS OF PRESENT_3

OVERVIEW AND BASIS OF PRESENTATION - Narrative (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023	Apr. 29, 2022	Jan. 28, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total stockholders’ equity (deficit)	$ (2,924)	$ (3,025)	$ (2,355)	$ (1,580)
Non-Controlling Interests
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total stockholders’ equity (deficit)	$ 99	$ 97	$ 107	$ 105
SecureWorks
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Outstanding equity interest held (as a percent)	81.40%	82.60%
SecureWorks | Non-Controlling Interests
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total stockholders’ equity (deficit)	$ 99	$ 97

FAIR VALUE MEASUREMENTS - Hiera

FAIR VALUE MEASUREMENTS - Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Assets:
Marketable equity and other securities	$ 9	$ 33
Derivative instruments	141	295
Total assets	3,925	4,629
Liabilities:
Derivative instruments	91	460
Total liabilities	91	460
Level 1
Assets:
Marketable equity and other securities	9	33
Derivative instruments	0	0
Total assets	3,784	4,334
Liabilities:
Derivative instruments	0	0
Total liabilities	0	0
Level 2
Assets:
Marketable equity and other securities	0	0
Derivative instruments	141	295
Total assets	141	295
Liabilities:
Derivative instruments	91	460
Total liabilities	91	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	3,775	4,301
Money market funds | Level 1
Assets:
Money market funds	3,775	4,301
Money market funds | Level 2
Assets:
Money market funds	0	0
Money market funds | Level 3
Assets:
Money market funds	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Debt and Equity Securities, FV-NI [Line Items]
Deferred compensation plan assets	$ 190	$ 179
Strategic Investments
Debt and Equity Securities, FV-NI [Line Items]
Carrying Value	$ 1,300	$ 1,300

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Value and Estimated Fair Value of Outstanding Debt (Details) - USD ($) $ in Billions	May 05, 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	$ 17.1	$ 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	10.2	10.3
Fair Value | Senior Notes | Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	17.1	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	1	1
Fair Value | DFS Debt | Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	$ 9.8	$ 9.9

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details) - USD ($) $ in Millions	May 05, 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	200
Mature in two to five years	$ 123

INVESTMENTS - Carrying Value of

INVESTMENTS - Carrying Value of Equity Securities (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Marketable
Cost	$ 55	$ 56
Unrealized Gain	17	17
Unrealized Loss	(63)	(40)
Carrying Value	9	33
Non-marketable
Cost	712	714
Unrealized Gain	660	651
Unrealized Loss	(105)	(100)
Carrying Value	1,267	1,265
Total equity and other securities
Cost	767	770
Unrealized Gain	677	668
Unrealized Loss	(168)	(140)
Carrying Value	$ 1,276	$ 1,298

INVESTMENTS - Gains and losses

INVESTMENTS - Gains and losses on equity securities (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Marketable securities:
Unrealized loss	$ (23)	$ (18)
Net unrealized gain (loss)	(23)	(18)
Non-marketable securities:
Unrealized gain	9	21
Unrealized loss	(5)	0
Net unrealized gain	4	21
Net unrealized gain (loss) on equity and other securities	$ (19)	$ 3

INVESTMENTS - Fixed Income Debt

INVESTMENTS - Fixed Income Debt Securities (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Unrealized Gain	$ 660	$ 651
Unrealized Loss	(105)	(100)
Carrying Value	1,267	1,265
Fixed income debt securities
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Cost	350	348
Unrealized Gain	77	65
Unrealized Loss	(104)	(95)
Carrying Value	$ 323	$ 318

FINANCIAL SERVICES - Narrative

FINANCIAL SERVICES - Narrative (Details) - USD ($) $ in Billions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
New financing originations	$ 1.8	$ 2.1
Revolving
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment term (in years)	12 months
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

FINANCIAL SERVICES - Schedule o

FINANCIAL SERVICES - Schedule of Components of the Company's Financing Receivables Segregated by Portfolio Segment (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023	Apr. 29, 2022	Jan. 28, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	$ 10,609	$ 10,978
Financing receivables, net	10,537	10,919
Short-term	5,013	5,281
Long-term	5,524	5,638
Customer financing receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	10,609	10,978
Allowances for losses	(219)	(201)	$ (181)	$ (189)
Financing receivables, net	10,390	10,777
Residual interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	147	142
Revolving
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	574	597
Short-term	574	597
Long-term	0	0
Revolving | Customer financing receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	658	685
Allowances for losses	(84)	(88)	(94)	(102)
Financing receivables, net	574	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	9,963	10,322
Short-term	4,439	4,684
Long-term	5,524	5,638
Fixed-term | Customer financing receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables, gross	9,951	10,293
Allowances for losses	(135)	(113)	$ (87)	$ (87)
Financing receivables, net	9,816	10,180
Fixed-term | Residual interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	$ 147	$ 142

FINANCIAL SERVICES - Schedule_2

FINANCIAL SERVICES - Schedule of Changes in the Allowance for Financing Receivable Losses (Details) - Customer financing receivables - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period	$ 201	$ 189
Charge-offs, net of recoveries	(18)	(15)
Provision charged to income statement	36	7
Balances at end of period	219	181
Revolving
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period	88	102
Charge-offs, net of recoveries	(17)	(13)
Provision charged to income statement	13	5
Balances at end of period	84	94
Fixed-term
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balances at beginning of period	113	87
Charge-offs, net of recoveries	(1)	(2)
Provision charged to income statement	23	2
Balances at end of period	$ 135	$ 87

FINANCIAL SERVICES - Aging Cust

FINANCIAL SERVICES - Aging Customer Financing Receivables, Gross, Including Accrued Interest (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	$ 10,609	$ 10,978
Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	10,609	10,978
Revolving | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	658	685
Revolving | Revolving — DPA | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	482	508
Revolving | Revolving — DBC | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	176	177
Fixed-term | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	9,951	10,293
Fixed-term | Fixed-term — Consumer and Commercial | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	9,951	10,293
Current | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	9,714	9,920
Current | Revolving | Revolving — DPA | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	433	457
Current | Revolving | Revolving — DBC | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	153	154
Current | Fixed-term | Fixed-term — Consumer and Commercial | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	9,128	9,309
Past Due 1 — 90 Days | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	795	980
Past Due 1 — 90 Days | Revolving | Revolving — DPA | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	33	34
Past Due 1 — 90 Days | Revolving | Revolving — DBC | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	19	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	743	927
Past Due >90 Days | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	100	78
Past Due >90 Days | Revolving | Revolving — DPA | Customer financing receivables
Financing Receivable, Past Due [Line Items]
Total customer receivables, gross	16	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	$ 80	$ 57

FINANCIAL SERVICES - Credit Qua

FINANCIAL SERVICES - Credit Quality Indicators (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total customer receivables, gross	$ 10,609	$ 10,978
Fixed-term | Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,539	5,469
Fiscal year before current fiscal year	4,574	2,800
Two years before current fiscal year	2,316	1,433
Three years before current fiscal year	1,103	527
Four years before current fiscal year	385	61
Years Prior	34	3
Revolving | Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	482	508
Revolving | Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	176	177
Higher
Financing Receivable, Credit Quality Indicator [Line Items]
Total customer receivables, gross	6,204	6,477
Higher | Fixed-term | Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	931	3,210
Fiscal year before current fiscal year	2,640	1,805
Two years before current fiscal year	1,484	914
Three years before current fiscal year	716	343
Four years before current fiscal year	259	37
Years Prior	18	1
Higher | Revolving | Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	113	123
Higher | Revolving | Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	43	44
Mid
Financing Receivable, Credit Quality Indicator [Line Items]
Total customer receivables, gross	2,766	2,562
Mid | Fixed-term | Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	410	1,242
Fiscal year before current fiscal year	1,274	631
Two years before current fiscal year	536	362
Three years before current fiscal year	270	119
Four years before current fiscal year	84	17
Years Prior	9	1
Mid | Revolving | Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	130	136
Mid | Revolving | Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	53	54
Lower
Financing Receivable, Credit Quality Indicator [Line Items]
Total customer receivables, gross	1,639	1,939
Lower | Fixed-term | Fixed-term — Consumer and Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	198	1,017
Fiscal year before current fiscal year	660	364
Two years before current fiscal year	296	157
Three years before current fiscal year	117	65
Four years before current fiscal year	42	7
Years Prior	7	1
Lower | Revolving | Revolving — DPA
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	239	249
Lower | Revolving | Revolving — DBC
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, revolving	$ 80	$ 79

FINANCIAL SERVICES - Finance Le

FINANCIAL SERVICES - Finance Leases (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Receivables [Abstract]
Net revenue — products	$ 247	$ 220
Cost of net revenue — products	196	204
Gross margin — products	$ 51	$ 16

FINANCIAL SERVICES - Finance _2

FINANCIAL SERVICES - Finance Leases Future Maturity (Details) $ in Millions	May 05, 2023 USD ($)
Lessor, Lease, Description [Line Items]
Fiscal 2024 (remaining nine months)	$ 1,997
Fiscal 2025	1,894
Fiscal 2026	1,361
Fiscal 2027	659
Fiscal 2028 and beyond	178
Total undiscounted cash flows	6,089
Total customer receivables, gross	10,609
Less: Unearned income	(778)
Fixed-term loans
Lessor, Lease, Description [Line Items]
Total customer receivables, gross	4,640
Revolving loans
Lessor, Lease, Description [Line Items]
Total customer receivables, gross	$ 658

FINANCIAL SERVICES - Operating

FINANCIAL SERVICES - Operating Leases (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Receivables [Abstract]
Equipment under operating lease, gross	$ 3,817	$ 3,725
Less: Accumulated depreciation	(1,634)	(1,517)
Equipment under operating lease, net	$ 2,183	$ 2,208

FINANCIAL SERVICES - Operatin_2

FINANCIAL SERVICES - Operating Lease Income and Expense (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Receivables [Abstract]
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net revenue	Total net revenue
Income related to lease payments	$ 321	$ 232
Depreciation expense	$ 233	$ 165

FINANCIAL SERVICES - Future Mat

FINANCIAL SERVICES - Future Maturities (Details) $ in Millions	May 05, 2023 USD ($)
Operating Leases
Fiscal 2024 (remaining nine months)	$ 862
Fiscal 2025	824
Fiscal 2026	460
Fiscal 2027	141
Fiscal 2028 and beyond	46
Total	$ 2,333

FINANCIAL SERVICES - DFS Debt (

FINANCIAL SERVICES - DFS Debt (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total debt, carrying value	$ 28,432	$ 29,588
Total DFS debt	28,695	29,867
Total short-term DFS debt	5,470	6,573
Total long-term DFS debt	22,962	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	6,585	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	3,572	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	3,326	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	818	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	3,192	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	67	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	852	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	1,652	1,637
DFS Debt
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total DFS debt	10,157
DFS Debt | Secured Debt
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total DFS debt	10,157	10,290
Total short-term DFS debt	5,232	5,400
Total long-term DFS debt	$ 4,925	$ 4,890

FINANCIAL SERVICES - DFS Debt N

FINANCIAL SERVICES - DFS Debt Narrative (Details) $ in Millions				3 Months Ended
	Oct. 18, 2022 EUR (€)	Oct. 27, 2021 EUR (€)	Jun. 24, 2020 EUR (€)	May 05, 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				$ 5,600
Secured Debt | Asset-based financing and securitization facilities | International | Finance Leases and Revolving Loan Portfolio Segments
Debt Instrument [Line Items]
Total debt capacity				$ 881
Secured Debt | Fixed-term securitization offerings | Minimum
Debt Instrument [Line Items]
Interest rate				0.33%
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				$ 332
Secured Debt | Other borrowings | Europe
Debt Instrument [Line Items]
Total debt capacity				661
Secured Debt | Other borrowings | Australia and New Zealand
Debt Instrument [Line Items]
Total debt capacity				301
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

FINANCIAL SERVICES - Schedule_3

FINANCIAL SERVICES - Schedule of Financing Receivables Held by the Consolidated VIEs (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held by consolidated VIEs	$ 84,094	$ 89,611
Liabilities held by consolidated VIEs	87,018	92,636
Other current assets | Variable Interest Entity, Primary Beneficiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held by consolidated VIEs	291	274
Short-term | Variable Interest Entity, Primary Beneficiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held by consolidated VIEs	3,620	3,702
Long-term | Variable Interest Entity, Primary Beneficiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held by consolidated VIEs	3,361	3,295
Property, plant, and equipment, net | Variable Interest Entity, Primary Beneficiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held by consolidated VIEs	1,423	1,164
Short-term | Variable Interest Entity, Primary Beneficiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Liabilities held by consolidated VIEs	4,277	4,761
Long-term | Variable Interest Entity, Primary Beneficiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Liabilities held by consolidated VIEs	$ 1,980	$ 2,685

FINANCIAL SERVICES - Variable I

FINANCIAL SERVICES - Variable Interest Entities Narrative (Details) - USD ($) $ in Billions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Variable Interest Entity, Primary Beneficiary
Debt Instrument [Line Items]
Financing receivables transferred via securitization through SPEs	$ 1.5	$ 1.7

FINANCIAL SERVICES - Customer R

FINANCIAL SERVICES - Customer Receivables Sales Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Receivables [Abstract]
Financing receivables sold	$ 169	$ 148

LEASES - Narrative (Details)

LEASES - Narrative (Details)	May 05, 2023
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 month
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	10 years

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Operating lease expense:
Operating lease costs	$ 79	$ 72
Variable costs	24	25
Total lease costs	$ 103	$ 97

LEASES - Supplemental Informati

LEASES - Supplemental Information Related to Operating Leases (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Leases [Abstract]
Operating lease right-of-use assets	$ 734	$ 725
Operating lease ROU assets extensible list	Other non-current assets	Other non-current assets
Current operating lease liabilities	$ 268	$ 260
Current operating lease liabilities, extensible list	Accrued and other	Accrued and other
Non-current operating lease liabilities	$ 623	$ 630
Non-current operating lease liabilities, extensible list	Other non-current liabilities	Other non-current liabilities
Total operating lease liabilities	$ 891	$ 890
Weighted-average remaining lease term (in years)	4 years 9 months 7 days	4 years 11 months 12 days
Weighted-average discount rate	4.05%	3.48%

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities — operating cash outflows from operating leases	$ 77	$ 80
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 81	$ 72

LEASES - Maturity of Operating

LEASES - Maturity of Operating Leases (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Lessee, Operating Lease, Liability, Payment, Due
Fiscal 2024 (remaining nine months)	$ 205
Fiscal 2025	224
Fiscal 2026	177
Fiscal 2027	134
Fiscal 2028	95
Thereafter	136
Total lease payments	971
Less: Imputed interest	(80)
Total	891	$ 890
Current operating lease liabilities	268	260
Non-current operating lease liabilities	$ 623	$ 630

DEBT - Outstanding Debt (Detail

DEBT - Outstanding Debt (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Debt Instrument [Line Items]
Total debt, principal amount	$ 28,695	$ 29,867
Unamortized discount, net of unamortized premium	(121)	(133)
Debt issuance costs	(142)	(146)
Total debt, carrying value	28,432	29,588
Total short-term debt, carrying value	5,470	6,573
Total long-term debt, carrying value	22,962	23,015
DFS Debt
Debt Instrument [Line Items]
Total debt, principal amount	$ 10,157
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%
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	$ 4,500	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	$ 1,000	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	$ 1,200	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
Secured Debt | DFS Debt
Debt Instrument [Line Items]
Total debt, principal amount	10,157	10,290
Total short-term debt, carrying value	5,232	5,400
Total long-term debt, carrying value	4,925	4,890
Other
Debt Instrument [Line Items]
Total debt, principal amount	$ 336	$ 325

DEBT - Additional Information (

DEBT - Additional Information (Details) - 5.45% due June 2023 - Unsecured Debt $ in Billions	3 Months Ended
	May 05, 2023 USD ($)
Debt Instrument [Line Items]
Repayment of principal amount	$ 1
Interest rate	5.45%

DEBT - Outstanding Debt Narrati

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	$ 2.3	$ 2.3	$ 4.5	$ 3.3	$ 20

DEBT - 2021 Revolving Credit Fa

DEBT - 2021 Revolving Credit Facility (Details) - USD ($)	3 Months Ended
	May 05, 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%
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

DEBT - Commercial Paper Program

DEBT - Commercial Paper Program (Details) - Commercial Paper Program - Commercial Paper - USD ($)	3 Months Ended	12 Months Ended
	May 05, 2023	Feb. 03, 2023
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 5,000,000,000
Debt instrument, term	90 days	397 days
Outstanding borrowing	$ 0

DEBT - Aggregate future maturit

DEBT - Aggregate future maturities (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Total maturities, principal amount
2024 (remaining nine months)	$ 4,619
2025	4,951
2026	1,669
2027	6,938
2028	1,066
Thereafter	9,452
Total DFS debt	28,695	$ 29,867
Associated carrying value adjustments
2024 (remaining nine months)	(3)
2025	(8)
2026	(8)
2027	(43)
2028	(8)
Thereafter	(193)
Total	(263)
Total maturities, carrying value amount
2024 (remaining nine months)	4,616
2025	4,943
2026	1,661
2027	6,895
2028	1,058
Thereafter	9,259
Total debt, carrying value	28,432	$ 29,588
Senior Notes
Total maturities, principal amount
2024 (remaining nine months)	0
2025	1,000
2026	1,000
2027	6,250
2028	500
Thereafter	8,500
Total DFS debt	17,250
Legacy Notes and Debentures
Total maturities, principal amount
2024 (remaining nine months)	0
2025	0
2026	0
2027	0
2028	0
Thereafter	952
Total DFS debt	952
DFS Debt
Total maturities, principal amount
2024 (remaining nine months)	4,442
2025	3,829
2026	643
2027	681
2028	562
Thereafter	0
Total DFS debt	10,157
Other
Total maturities, principal amount
2024 (remaining nine months)	177
2025	122
2026	26
2027	7
2028	4
Thereafter	0
Total DFS debt	$ 336

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Feb. 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
Interest rate contracts
Derivative [Line Items]
Notional amount	$ 7,710	$ 8,214
Interest rate contracts | Designated as cash flow hedging instruments
Derivative [Line Items]
Term of derivative contract	4 years
Notional amount	$ 1,000	1,000
Interest rate contracts | Non-designated as hedging instruments
Derivative [Line Items]
Notional amount	$ 6,710	$ 7,214

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amounts of Outstanding Derivative Instruments (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Foreign exchange contracts
Derivative [Line Items]
Notional amount	$ 14,370	$ 14,579
Foreign exchange contracts | Designated as cash flow hedging instruments
Derivative [Line Items]
Notional amount	7,588	7,746
Foreign exchange contracts | Non-designated as hedging instruments
Derivative [Line Items]
Notional amount	6,782	6,833
Interest rate contracts
Derivative [Line Items]
Notional amount	7,710	8,214
Interest rate contracts | Designated as cash flow hedging instruments
Derivative [Line Items]
Notional amount	1,000	1,000
Interest rate contracts | Non-designated as hedging instruments
Derivative [Line Items]
Notional amount	$ 6,710	$ 7,214

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effect of Derivative Instruments on the Condensed Consolidated Statements of Financial Position and the Condensed Consolidated Statements of Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives	$ 10	$ 372
Gain (Loss) Reclassified from Accumulated OCI into Income	(91)	96
Effect on the consolidated statement of income	36	(214)
Total net revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(88)	123
Total cost of net revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(3)	(27)
Interest and other, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	0	0
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives	10	372
Foreign exchange contracts | Interest and other, net
Derivative Instruments, Gain (Loss) [Line Items]
Effect on the consolidated statement of income	57	(231)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Accumulated OCI, Net of Tax, on Derivatives	0	0
Interest rate contracts | Interest and other, net
Derivative Instruments, Gain (Loss) [Line Items]
Effect on the consolidated statement of income	$ (21)	$ 17

DERIVATIVE INSTRUMENTS AND HE_6

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Value of Derivative Instruments in the Condensed Consolidated Statements of Financial Position (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Derivatives, Fair Value [Line Items]
Asset position	$ 472	$ 835
Liability position	(422)	(1,000)
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	50	(165)
Other Current Assets
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	68	161
Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	73	134
Other Current Liabilities
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	(48)	(358)
Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	(43)	(102)
Designated as cash flow hedging instruments
Derivatives, Fair Value [Line Items]
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	0	(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	2	(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	2	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	(4)	(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	5	37
Liability position	(7)	(163)
Designated as cash flow hedging instruments | Foreign exchange contracts | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset position	4	7
Liability position	(2)	(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	1	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	2	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	2	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	50	(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	66	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	71	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	(44)	(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	(43)	(96)
Non-designated as hedging instruments | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset position	390	651
Liability position	(372)	(736)
Non-designated as hedging instruments | Foreign exchange contracts | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset position	265	282
Liability position	(204)	(121)
Non-designated as hedging instruments | Foreign exchange contracts | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Asset position	1	1
Liability position	0	0
Non-designated as hedging instruments | Foreign exchange contracts | Other Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	124	368
Liability position	(168)	(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	75	147
Liability position	(43)	(95)
Non-designated as hedging instruments | Interest rate contracts | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset position	5	14
Liability position	0	0
Non-designated as hedging instruments | Interest rate contracts | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Asset position	70	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	0	0
Non-designated as hedging instruments | Interest rate contracts | Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Asset position	0	0
Liability position	$ (43)	$ (95)

DERIVATIVE INSTRUMENTS AND HE_7

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Gross amounts of derivative instruments, amounts offset due to master netting agreements (Details) - USD ($) $ in Millions	May 05, 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)	$ 472	$ 835
Gross Amounts Offset in the Statement of Financial Position	(331)	(540)
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	141	295
Financial Instruments	0	0
Cash Collateral Received or Pledged	(51)	0
Net Amount of Assets/ (Liabilities) Recognized in the Statement of Financial Position	$ 90	$ 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)	$ (422)	$ (1,000)
Gross Amounts Offset in the Statement of Financial Position	331	540
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	(91)	(460)
Financial Instruments	0	0
Cash Collateral Received or Pledged	12	25
Net Amount of Assets/ (Liabilities) Recognized in the Statement of Financial Position	(79)	(435)
Total derivative instruments
Gross Amounts of Recognized Assets/ (Liabilities)	50	(165)
Gross Amounts Offset in the Statement of Financial Position	0	0
Net Amounts of Assets/(Liabilities) Presented in the Statement of Financial Position	50	(165)
Financial Instruments	0	0
Cash Collateral Received or Pledged	(39)	25
Net Amount of Assets/ (Liabilities) Recognized in the Statement of Financial Position	$ 11	$ (140)

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Goodwill (Details) $ in Millions	3 Months Ended
	May 05, 2023 USD ($)
Goodwill [Roll Forward]
Balance at the beginning	$ 19,676
Impact of foreign currency translation and other	(15)
Balance at the end	19,661
Operating segments | Infrastructure Solutions Group
Goodwill [Roll Forward]
Balance at the beginning	15,017
Impact of foreign currency translation and other	(15)
Balance at the end	15,002
Operating segments | Client Solutions Group
Goodwill [Roll Forward]
Balance at the beginning	4,232
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
Impact of foreign currency translation and other	0
Balance at the end	$ 427

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Intangible Assets (Details) - USD ($)	3 Months Ended
	May 05, 2023	Apr. 29, 2022	Feb. 03, 2023
Business Acquisition [Line Items]
Gross	$ 27,297,000,000		$ 27,297,000,000
Accumulated Amortization	(24,113,000,000)		(23,914,000,000)
Finite-Lived Intangible Assets, Net, Total	3,184,000,000		3,383,000,000
Total intangible assets	30,382,000,000		30,382,000,000
Intangible assets, net	6,269,000,000		6,468,000,000
Amortization expense	199,000,000	$ 243,000,000
Impairment charges	0	$ 0
Trade names
Business Acquisition [Line Items]
Indefinite-lived trade names	3,085,000,000		3,085,000,000
Customer relationships
Business Acquisition [Line Items]
Gross	16,956,000,000		16,956,000,000
Accumulated Amortization	(14,589,000,000)		(14,474,000,000)
Finite-Lived Intangible Assets, Net, Total	2,367,000,000		2,482,000,000
Developed technology
Business Acquisition [Line Items]
Gross	9,466,000,000		9,466,000,000
Accumulated Amortization	(8,736,000,000)		(8,660,000,000)
Finite-Lived Intangible Assets, Net, Total	730,000,000		806,000,000
Trade names
Business Acquisition [Line Items]
Gross	875,000,000		875,000,000
Accumulated Amortization	(788,000,000)		(780,000,000)
Finite-Lived Intangible Assets, Net, Total	$ 87,000,000		$ 95,000,000

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Pre-tax Amortization Expense (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Fiscal 2024 (remaining nine months)	$ 591
Fiscal 2025	619
Fiscal 2026	488
Fiscal 2027	376
Fiscal 2028	236
Thereafter	874
Finite-Lived Intangible Assets, Net, Total	$ 3,184	$ 3,383

DEFERRED REVENUE - Changes in D

DEFERRED REVENUE - Changes in Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022	Feb. 03, 2023
Deferred revenue:
Deferred revenue at beginning of period	$ 30,286	$ 27,573
Revenue deferrals	4,719	4,975
Revenue recognized	(5,310)	(4,980)
Other	0	(165)
Deferred revenue at end of period	29,695	27,403
Short-term deferred revenue	15,527	14,329	$ 15,542
Long-term deferred revenue	$ 14,168	$ 13,074	$ 14,744

DEFERRED REVENUE - Remaining Pe

DEFERRED REVENUE - Remaining Performance Obligation, Expected Timing (Details) $ in Billions	May 05, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 39
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-06
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	57%
Deferred revenue recognition period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-06
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue recognition period

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - Class V Transaction Class Action Case - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Dec. 28, 2018	Feb. 03, 2023	Feb. 03, 2023
Loss Contingencies [Line Items]
Cash	$ 14,000
Shares issued (in shares)	149,387,617
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

INCOME AND OTHER TAXES - Narrat

INCOME AND OTHER TAXES - Narrative (Details) - USD ($) $ in Billions	3 Months Ended
	May 05, 2023	Apr. 29, 2022	Feb. 03, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	18%	11.90%
Income before income taxes	$ 0.7	$ 1.2
Unrecognized tax benefits	$ 1.3		$ 1.3

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Changes in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
AOCI [Roll Forward]
Balance, beginning of period	$ (3,025)	$ (1,580)
Total other comprehensive income, net of tax expense (benefit) of $5 and $16, respectively	133	7
Balance, end of period	(2,924)	(2,355)
Foreign Currency Translation Adjustments
AOCI [Roll Forward]
Balance, beginning of period	(747)
Other comprehensive income before reclassifications	31
Amounts reclassified from accumulated other comprehensive income (loss)	0
Total other comprehensive income, net of tax expense (benefit) of $5 and $16, respectively	31
Balance, end of period	(716)
Cash Flow Hedges
AOCI [Roll Forward]
Balance, beginning of period	(222)
Other comprehensive income before reclassifications	10
Amounts reclassified from accumulated other comprehensive income (loss)	91
Total other comprehensive income, net of tax expense (benefit) of $5 and $16, respectively	101
Balance, end of period	(121)
Pension and Other Postretirement Plans
AOCI [Roll Forward]
Balance, beginning of period	(32)
Other comprehensive income before reclassifications	1
Amounts reclassified from accumulated other comprehensive income (loss)	0
Total other comprehensive income, net of tax expense (benefit) of $5 and $16, respectively	1
Balance, end of period	(31)
Accumulated Other Comprehensive Income (Loss)
AOCI [Roll Forward]
Balance, beginning of period	(1,001)	(431)
Other comprehensive income before reclassifications	42
Amounts reclassified from accumulated other comprehensive income (loss)	91
Total other comprehensive income, net of tax expense (benefit) of $5 and $16, respectively	133
Balance, end of period	$ (868)	$ (424)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax, to Net Income (Loss) (Details) - USD ($) $ in Millions		3 Months Ended
		May 05, 2023	Apr. 29, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net revenue		$ 20,922	$ 26,116
Cost of net revenue	[1]	(15,904)	(20,332)
Operating expenses		(3,949)	(4,234)
Net income		578	1,069
Total reclassifications, net of tax | Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net revenue		(88)	123
Cost of net revenue		(3)	(27)
Operating expenses		0	0
Net income		$ (91)	$ 96
[1] (a) Includes related party cost of net revenue as follows (Note 15): Products 207 255 Services 876 709

CAPITALIZATION - Schedule of St

CAPITALIZATION - Schedule of Stock by Class (Details) - shares shares in Millions	May 05, 2023	Feb. 03, 2023
Class of Stock [Line Items]
Authorized (in shares)	8,800	8,800
Issued (in shares)	817	798
Outstanding (in shares)	729	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)	95	95
Outstanding (in shares)	95	95
Class C
Class of Stock [Line Items]
Authorized (in shares)	7,900	7,900
Issued (in shares)	343	324
Outstanding (in shares)	255	242
Class D
Class of Stock [Line Items]
Authorized (in shares)	100	100
Issued (in shares)	0	0
Outstanding (in shares)	0	0

CAPITALIZATION - Narrative (Det

CAPITALIZATION - Narrative (Details) $ / shares in Units, $ in Millions			3 Months Ended
	Mar. 02, 2023 $ / shares	Feb. 24, 2022 $ / shares	May 05, 2023 USD ($) vote $ / shares shares	Apr. 29, 2022 USD ($) $ / shares shares	Feb. 03, 2023 $ / shares shares	Sep. 23, 2021 USD ($)
Class of Stock [Line Items]
Preferred stock, authorized (in shares) | shares			1,000,000
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.01
Preferred stock, shares issued (in shares) | shares			0		0
Preferred stock, shares outstanding (in shares) | shares			0		0
Common stock, par or value (in dollars per share) | $ / shares			$ 0.01		$ 0.01
Common stock conversion ratio			1
Dividend declared (in dollars per share) | $ / shares	$ 0.37	$ 0.33	$ 0.37	$ 0.33
Common stock dividend rate increase	12%
Treasury stock repurchases | $			$ 251	$ 1,482
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
Shares repurchased (in shares) | shares			6,100,000	28,800,000
Treasury stock repurchases | $			$ 250	$ 1,500
Class D
Class of Stock [Line Items]
Number of voting interests per share | vote			1

CAPITALIZATION - Schedule of Di

CAPITALIZATION - Schedule of Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Millions					3 Months Ended
	May 05, 2023	Mar. 02, 2023	Apr. 29, 2022	Feb. 24, 2022	May 05, 2023	Apr. 29, 2022
Equity [Abstract]
Dividend declared (in dollars per share)		$ 0.37		$ 0.33	$ 0.37	$ 0.33
Dividend paid (in dollars per share)	$ 0.37		$ 0.33
Dividends		$ 270		$ 248	$ 281	$ 253

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Earnings Per Share [Abstract]
Dell Technologies Common Stock - Basic (in dollars per share)	$ 0.81	$ 1.42
Dell Technologies Common Stock - Diluted (in dollars per share)	$ 0.79	$ 1.37
Numerator: Dell Technologies Common Stock
Net income attributable to Dell Technologies Inc. - basic	$ 583	$ 1,072
Net income attributable to Dell Technologies Inc. - diluted	$ 583	$ 1,072
Denominator: Dell Technologies Common Stock weighted-average shares outstanding
Weighted average shares outstanding, basic (in shares)	724	754
Dilutive effect of options, restricted stock units, restricted stock, and other (in shares)	13	26
Weighted average shares outstanding, diluted (in shares)	737	780
Weighted-average shares outstanding - antidilutive (in shares)	16	1

RELATED PARTY TRANSACTIONS - Sc

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transaction (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022	Feb. 03, 2023
Related Party Transaction [Line Items]
Total net revenue	$ 20,922	$ 26,116
Related Party Transaction, Due from (to) Related Party [Abstract]
Due from related party, net, current	384		$ 378
Due from related party, net, non-current	442		440
Due to related party, current	594		2,067
Other current assets | VMware, Inc.
Deferred Costs:
Total deferred charges	2,863		3,000
Other non-current assets | VMware, Inc.
Deferred Costs:
Total deferred charges	2,234		2,537
VMware, Inc.
Related Party Transaction, Due from (to) Related Party [Abstract]
Due from related party, net, current	384		378
Due to related party, current	594		$ 2,067
Products
Related Party Transaction [Line Items]
Total net revenue	15,036	20,464
Cost of net revenue - products and services	207	255
Products | Net revenue - products | VMware, Inc.
Related Party Transaction [Line Items]
Total net revenue	40	46
Services
Related Party Transaction [Line Items]
Total net revenue	5,886	5,652
Cost of net revenue - products and services	$ 876	$ 709

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - VMware, Inc. - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Feb. 03, 2023
Related Party Transaction [Line Items]
Transition tax, expected payment period	3 years
Income taxes receivable	$ 150	$ 146
Tax Agreement
Related Party Transaction [Line Items]
Amount due	$ 596	$ 599

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	3 Months Ended
	May 05, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	2

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Net Revenue by Reportable Segments to Consolidated Net Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Segment Reporting Information [Line Items]
Total net revenue	$ 20,922	$ 26,116
Consolidated operating income (loss)	1,069	1,550
Amortization of intangibles	(199)	(243)
Operating segments
Segment Reporting Information [Line Items]
Total net revenue	19,576	24,872
Consolidated operating income (loss)	1,632	2,197
Operating segments | Infrastructure Solutions Group
Segment Reporting Information [Line Items]
Total net revenue	7,593	9,285
Consolidated operating income (loss)	740	1,082
Operating segments | Client Solutions Group
Segment Reporting Information [Line Items]
Total net revenue	11,983	15,587
Consolidated operating income (loss)	892	1,115
Operating segments | Other businesses
Segment Reporting Information [Line Items]
Total net revenue	1,343	1,239
Consolidated operating income (loss)	(36)	(64)
Unallocated transactions
Segment Reporting Information [Line Items]
Total net revenue	3	5
Consolidated operating income (loss)	2	2
Other corporate expenses	(98)	(96)
Reconciling items
Segment Reporting Information [Line Items]
Impact of purchase accounting	(4)	(9)
Amortization of intangibles	(199)	(243)
Transaction-related expenses	(3)	(5)
Stock-based compensation expense	$ (225)	$ (232)

SEGMENT INFORMATION - Disaggreg

SEGMENT INFORMATION - Disaggregation of Net Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Disaggregation of Revenue [Line Items]
Total net revenue	$ 20,922	$ 26,116
Operating segments
Disaggregation of Revenue [Line Items]
Total net revenue	19,576	24,872
Operating segments | Infrastructure Solutions Group
Disaggregation of Revenue [Line Items]
Total net revenue	7,593	9,285
Operating segments | Infrastructure Solutions Group | Servers and networking
Disaggregation of Revenue [Line Items]
Total net revenue	3,837	5,048
Operating segments | Infrastructure Solutions Group | Storage
Disaggregation of Revenue [Line Items]
Total net revenue	3,756	4,237
Operating segments | Client Solutions Group
Disaggregation of Revenue [Line Items]
Total net revenue	11,983	15,587
Operating segments | Client Solutions Group | Commercial
Disaggregation of Revenue [Line Items]
Total net revenue	9,862	11,971
Operating segments | Client Solutions Group | Consumer
Disaggregation of Revenue [Line Items]
Total net revenue	$ 2,121	$ 3,616

SUPPLEMENTAL CONSOLIDATED FIN_3

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Information on Selected Accounts (Details) - USD ($) $ in Millions	May 05, 2023	Feb. 03, 2023	Apr. 29, 2022	Jan. 28, 2022
Cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$ 7,631	$ 8,607
Restricted cash - other current assets	291	272
Restricted cash - other non-current assets	5	15
Total cash, cash equivalents, and restricted cash	7,927	8,894	$ 7,276	$ 10,082
Inventories, net:
Production materials	2,541	3,225
Work-in-process	613	708
Finished goods	862	843
Total inventories, net	4,016	4,776
Deferred Costs:
Total deferred costs, current	5,433	5,459
Property, plant, and equipment, net:
Total property, plant, and equipment	13,393	13,092
Accumulated depreciation and amortization	(7,132)	(6,883)
Equipment under operating lease, net	6,261	6,209
Computer equipment
Property, plant, and equipment, net:
Total property, plant, and equipment	7,191	6,899
Land and buildings
Property, plant, and equipment, net:
Total property, plant, and equipment	3,049	3,059
Machinery and other equipment
Property, plant, and equipment, net:
Total property, plant, and equipment	$ 3,153	$ 3,134

SUPPLEMENTAL CONSOLIDATED FIN_4

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Feb. 03, 2023	Apr. 29, 2022
Restructuring Cost and Reserve [Line Items]
Accounts payable	$ 17,796	$ 18,598
Percentage of workforce eliminated	5%
Severance charges	$ 48	367	$ 17
Supply Chain Finance Program | Third-Party Financial Institution
Restructuring Cost and Reserve [Line Items]
Payment term	120 days
Accounts payable	$ 1,000	$ 1,000

SUPPLEMENTAL CONSOLIDATED FIN_5

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Warranty Liability (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Warranty liability:
Warranty liability at beginning of period	$ 467	$ 480
Costs accrued for new warranty contracts and changes in estimates for pre-existing warranties	196	223
Service obligations honored	(225)	(235)
Warranty liability at end of period	$ 438	$ 468

SUPPLEMENTAL CONSOLIDATED FIN_6

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Severance Liability (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Feb. 03, 2023	Apr. 29, 2022
Severance liability:
Severance liability at beginning of period	$ 408		$ 74
Severance charges	48	$ 367	17
Cash paid and other	(294)		(28)
Severance liability at end of period	$ 162	$ 408	$ 63

SUPPLEMENTAL CONSOLIDATED FIN_7

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION - Interest and Other, Net (Details) - USD ($) $ in Millions	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Interest and other, net:
Investment income, primarily interest	$ 59	$ 15
Gain (loss) on investments, net	(15)	14
Interest expense	(405)	(265)
Foreign exchange	(32)	(89)
Other	29	(12)
Total interest and other, net	$ (364)	$ (337)