XML 48 R36.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
DEBT (Tables)
 3 Months Ended
May 03, 2024
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
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 3, 2024February 2, 2024
DFS debt(in millions)
DFS U.S. debt:
Asset-based financing facility$2,331 $2,730 
Fixed-term securitization offerings 3,305 3,157 
Other26 28 
Total DFS U.S. debt, principal amount5,662 5,915 
DFS international debt:
Securitization facility720 761 
Other borrowings797 935 
Note payable250 250 
Dell Bank senior unsecured eurobonds1,609 1,631 
Total DFS international debt, principal amount3,376 3,577 
Total DFS debt, principal amount$9,038 $9,492 
Total short-term DFS debt$5,038 $5,863 
Total long-term DFS debt$4,000 $3,629 
The following table summarizes the Company’s outstanding debt as of the dates indicated:
 May 3, 2024February 2, 2024
(in millions)
Senior Notes$15,607 $15,607 
Legacy Notes952 952 
DFS Debt (Note 4)
9,038 9,492 
Other108 171 
Total debt, principal amount25,705 26,222 
Unamortized discount, net of unamortized premium(111)(114)
Debt issuance costs(114)(114)
Total debt, carrying value$25,480 $25,994 
Total short-term debt, carrying value$6,098 $6,982 
Total long-term debt, carrying value$19,382 $19,012 
Schedule of Aggregate Future Maturities
The following table presents the aggregate future maturities of the Company’s debt as of May 3, 2024, excluding associated carrying value adjustments, for the periods indicated:
May 3, 2024
(in millions)
Fiscal 2025 (remaining nine months)$5,248 
Fiscal 20263,867 
Fiscal 20275,560 
Fiscal 20281,194 
Fiscal 20291,327 
Thereafter8,509 
Total maturities, principal amount$25,705