DELL TECHNOLOGIES INC.
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| Three Months Ended |
| Fiscal Year Ended | ||||
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| February 3,
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| January 28,
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| February 3,
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| January 28,
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Reconciliation to consolidated net revenue: |
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Reportable segment net revenue | $ 23,266 |
| $ 26,548 |
| $ 96,569 |
| $ 95,830 |
Other businesses (a) | 1,770 |
| 1,448 |
| 5,721 |
| 5,388 |
Unallocated transactions (b) | 3 |
| 4 |
| 11 |
| 11 |
Impact of purchase accounting (c) | — |
| (8) |
| — |
| (32) |
Total consolidated net revenue | $ 25,039 |
| $ 27,992 |
| $ 102,301 |
| $ 101,197 |
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Reconciliation to consolidated operating income: |
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Reportable segment operating income | $ 2,214 |
| $ 2,259 |
| $ 8,869 |
| $ 8,101 |
Other businesses (a) | (48) |
| (71) |
| (240) |
| (319) |
Unallocated transactions (b) | 4 |
| 3 |
| 8 |
| 3 |
Impact of purchase accounting (c) | (11) |
| (20) |
| (44) |
| (67) |
Amortization of intangibles | (238) |
| (323) |
| (970) |
| (1,641) |
Transaction-related (income) expenses (d) | (6) |
| 22 |
| (22) |
| (273) |
| Stock-based compensation expense (e) | (228) |
| (216) |
| (931) |
| (808) |
| Other corporate expenses (f) | (498) |
| (45) |
| (899) |
| (337) |
| Total consolidated operating income | $ 1,189 |
| $ 1,609 |
| $ 5,771 |
| $ 4,659 |
| _________________ | |
| (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. |
| (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 (income) expenses includes acquisition, integration, and divestiture related costs. From time to time, this category also may include transaction-related income related to divestitures of businesses or asset sales. |
| (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, payroll taxes associated with stock-based compensation, facilities action, and other costs. During the three months ended February 3, 2023, other corporate expenses includes $367 million of severance expense incurred in connection with the Company's workforce reduction announced on February 6, 2023. During the fiscal year ended February 3, 2023, other corporate expenses includes impairment and other costs incurred in connection with exiting the Company's business in Russia. |
