DELL TECHNOLOGIES INC. Segment Information (in millions, except percentages; unaudited; continued) | |||||||
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| Three Months Ended |
| Fiscal Year Ended | ||||
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| January 28,
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| January 29,
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| January 28,
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| January 29,
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Reconciliation to consolidated net revenue: |
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Reportable segment net revenue | $ 26,548 |
| $ 22,685 |
| $ 95,830 |
| $ 81,389 |
Other businesses (a) | 1,448 |
| 1,488 |
| 5,388 |
| 5,382 |
Unallocated transactions (b) | 4 |
| 3 |
| 11 |
| 5 |
Impact of purchase accounting (c) | (8) |
| (26) |
| (32) |
| (106) |
Total consolidated net revenue | $ 27,992 |
| $ 24,150 |
| $ 101,197 |
| $ 86,670 |
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Reconciliation to consolidated operating income: |
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Reportable segment operating income | $ 2,259 |
| $ 2,223 |
| $ 8,101 |
| $ 7,086 |
Other businesses (a) | (71) |
| (56) |
| (319) |
| (139) |
Unallocated transactions (b) | 3 |
| 3 |
| 3 |
| 2 |
Impact of purchase accounting (c) | (20) |
| (36) |
| (67) |
| (144) |
Amortization of intangibles | (323) |
| (527) |
| (1,641) |
| (2,133) |
Transaction-related expenses (d) | 22 |
| (19) |
| (273) |
| (124) |
Stock-based compensation expense (e) | (216) |
| (137) |
| (808) |
| (487) |
Other corporate expenses (f) | (45) |
| (28) |
| (337) |
| (376) |
| Total consolidated operating income | $ 1,609 |
| $ 1,423 |
| $ 4,659 |
| $ 3,685 |
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| (a) | Other businesses consists of: 1) Dell's resale of standalone VMware, Inc. products and services, "VMware Resale", 2) Secureworks, and 3) Virtustream, and do not meet the requirements for a reportable segment, either individually or collectively. On September 1, 2020, the Company completed the sale of RSA Security and, on October 1, 2021, the Company completed the sale of Boomi. Prior to the divestitures, Boomi and RSA Security's results were included within Other businesses. | |||||||||
| (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. | |||||||||
| (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, facilities action, and other costs. | |||||||||
SUPPLEMENTAL SELECTED NON-GAAP FINANCIAL MEASURES
