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Income Taxes (Tables) | 12 Months Ended
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Jan. 29, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expense (benefit) | The income tax expense (benefit) applicable to income before income taxes consists of the following:
| Year Ended
| January 29, 2023 |  | January 30, 2022 |  | January 31, 2021
| (In millions)
Current income taxes: |  |  |  |  |
Federal | $ | 1,703 |  |  | $ | 482 |  |  | $ | 197 |
State | 46 |  |  | 42 |  |  | 1 |
Foreign | 228 |  |  | 71 |  |  | 161 |
Total current | 1,977 |  |  | 595 |  |  | 359 |
Deferred taxes: |  |  |  |  |
Federal | (2,165) |  |  | (420) |  |  | (246) |
Foreign | 1 |  |  | 14 |  |  | (36) |
Total deferred | (2,164) |  |  | (406) |  |  | (282) |
Income tax expense (benefit) | $ | (187) |  |  | $ | 189 |  |  | $ | 77 |
Schedule of Income Before Income Tax | Income before income tax consists of the following:
| Year Ended
| January 29, 2023 |  | January 30, 2022 |  | January 31, 2021
| (In millions)
U.S. | $ | 3,477 |  |  | $ | 8,446 |  |  | $ | 1,437 |
Foreign | 704 |  |  | 1,495 |  |  | 2,972 |
Income before income tax | $ | 4,181 |  |  | $ | 9,941 |  |  | $ | 4,409 |
Schedule of Effective Income Tax Rate Reconciliation | The income tax expense (benefit) differs from the amount computed by applying the U.S. federal statutory rate of 21% to income before income taxes as follows:
| Year Ended
| January 29, 2023 |  | January 30, 2022 |  | January 31, 2021
| (In millions, except percentages)
Tax expense computed at federal statutory rate | $ | 878 |  |  | 21.0 | % |  | $ | 2,088 |  |  | 21.0 | % |  | $ | 926 |  |  | 21.0 | %
Expense (benefit) resulting from: |  |  |  |  |  |  |  |  |  |  |
Acquisition termination cost | 261 |  |  | 6.2 | % |  | — |  |  | — | % |  | — |  |  | — | %
State income taxes, net of federal tax effect | 50 |  |  | 1.2 | % |  | 42 |  |  | 0.4 | % |  | 10 |  |  | 0.2 | %
Foreign-derived intangible income | (739) |  |  | (17.7) | % |  | (520) |  |  | (5.2) | % |  | — |  |  | — | %
Stock-based compensation | (309) |  |  | (7.4) | % |  | (337) |  |  | (3.4) | % |  | (136) |  |  | (3.1) | %
U.S. federal research and development tax credit | (278) |  |  | (6.6) | % |  | (289) |  |  | (2.9) | % |  | (173) |  |  | (3.9) | %
Foreign tax rate differential | (83) |  |  | (2.0) | % |  | (497) |  |  | (5.0) | % |  | (561) |  |  | (12.7) | %
IP domestication | — |  |  | — | % |  | (244) |  |  | (2.5) | % |  | — |  |  | — | %
Other | 33 |  |  | 0.8 | % |  | (54) |  |  | (0.5) | % |  | 11 |  |  | 0.2 | %
Income tax expense (benefit) | $ | (187) |  |  | (4.5) | % |  | $ | 189 |  |  | 1.9 | % |  | $ | 77 |  |  | 1.7 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effect of temporary differences that gives rise to significant portions of the deferred tax assets and liabilities are presented below:
| January 29, 2023 |  | January 30, 2022
| (In millions)
Deferred tax assets: |
Capitalized research and development expenditure (1) | $ | 1,859 |  |  | $ | 508 |
Research and other tax credit carryforwards | 951 |  |  | 798 |
GILTI deferred tax assets | 800 |  |  | 378 |
Accruals and reserves, not currently deductible for tax purposes | 686 |  |  | 258 |
Net operating loss and capital loss carryforwards | 409 |  |  | 118 |
Operating lease liabilities | 193 |  |  | 125 |
Stock-based compensation | 99 |  |  | 86 |
Property, equipment and intangible assets | 66 |  |  | 22 |
Other deferred tax assets | 91 |  |  | 22 |
Gross deferred tax assets | 5,154 |  |  | 2,315 |
Less valuation allowance | (1,484) |  |  | (907) |
Total deferred tax assets | 3,670 |  |  | 1,408 |
Deferred tax liabilities: |  |  |
Unremitted earnings of foreign subsidiaries | (228) |  |  | (150) |
Operating lease assets | (179) |  |  | (113) |
Acquired intangibles | (115) |  |  | (169) |
Gross deferred tax liabilities | (522) |  |  | (432) |
Net deferred tax asset (2) | $ | 3,148 |  |  | $ | 976 |
(1) Capitalized research and development deferred tax assets were previously included in Property, equipment and intangible assets. (2) Net deferred tax asset includes long-term deferred tax assets of $3.40 billion and $1.22 billion and long-term deferred tax liabilities of $247 million and $245 million for fiscal years 2023 and 2022, respectively. Long-term deferred tax liabilities are included in other long-term liabilities on our Consolidated Balance Sheets.
Schedule of Gross Unrecognized Tax Benefits | A reconciliation of gross unrecognized tax benefits is as follows:
| January 29, 2023 |  | January 30, 2022 |  | January 31, 2021
| (In millions)
Balance at beginning of period | $ | 1,013 |  |  | $ | 776 |  |  | $ | 583 |
Increases in tax positions for current year | 268 |  |  | 246 |  |  | 158 |
Increases in tax positions for prior years | 1 |  |  | 14 |  |  | 60 |
Decreases in tax positions for prior years | (15) |  |  | (4) |  |  | (11) |
Settlements | (9) |  |  | (8) |  |  | (5) |
Lapse in statute of limitations | (20) |  |  | (11) |  |  | (9) |
Balance at end of period | $ | 1,238 |  |  | $ | 1,013 |  |  | $ | 776 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
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