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Stock-Based Compensation (Tables) | 12 Months Ended
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Jan. 29, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense, Net of Amounts Capitalized as Inventory | Our Consolidated Statements of Income include stock-based compensation expense, net of amounts allocated to inventory, as follows:
| Year Ended
| January 29, 2023 |  | January 30, 2022 |  | January 31, 2021
| (In millions)
Cost of revenue | $ | 138 |  |  | $ | 141 |  |  | $ | 88 |
Research and development | 1,892 |  |  | 1,298 |  |  | 860 |
Sales, general and administrative | 680 |  |  | 565 |  |  | 449 |
Total | $ | 2,710 |  |  | $ | 2,004 |  |  | $ | 1,397 |
Schedule of Equity Awards | The following is a summary of equity awards granted under our equity incentive plans:
| Year Ended
| January 29, 2023 |  | January 30, 2022 |  | January 31, 2021
| (In millions, except per share data)
RSUs, PSUs and Market-based PSUs |  |  |  |  |
Awards granted | 25 |  |  | 18 |  |  | 36 |
Estimated total grant-date fair value | $ | 4,505 |  |  | $ | 3,492 |  |  | $ | 2,764 |
Weighted average grant-date fair value per share | $ | 183.72 |  |  | $ | 190.69 |  |  | $ | 76.81 |
ESPP |  |  |  |  |
Shares purchased | 3 |  |  | 5 |  |  | 4 |
Weighted average price per share | $ | 122.54 |  |  | $ | 56.36 |  |  | $ | 34.80 |
Weighted average grant-date fair value per share | $ | 51.87 |  |  | $ | 23.24 |  |  | $ | 16.91 |
Schedule of ESPP Valuation Assumptions | The fair value of shares issued under our ESPP have been estimated with the following assumptions:
| Year Ended
| January 29, 2023 |  | January 30, 2022 |  | January 31, 2021
| (Using the Black-Scholes model)
ESPP |  |  |  |  |
Weighted average expected life (in years) | 0.1-2.0 |  | 0.1-2.0 |  | 0.1-2.0
Risk-free interest rate | —%-4.6% |  | —%-0.5% |  | 0.1%-1.6%
Volatility | 43%-72% |  | 20%-58% |  | 26%-89%
Dividend yield | 0.1% |  | 0.1% |  | 0.1%-0.3%
Schedule of Equity Award Transactions | The following is a summary of our equity award transactions under our equity incentive plans:
| RSUs, PSUs and Market-based PSUs Outstanding
| Number of Shares |  | Weighted Average Grant-Date Fair Value
| (In millions, except per share data)
Balances, January 30, 2022 | 46 |  |  | $ | 114.19 |
Granted | 25 |  |  | $ | 183.72 |
Vested restricted stock | (24) |  |  | $ | 100.06 |
Canceled and forfeited | (2) |  |  | $ | 141.17 |
Balances, January 29, 2023 | 45 |  |  | $ | 158.45 |
Vested and expected to vest after January 29, 2023 | 45 |  |  | $ | 158.35 |

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