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NVIDIA (NVDA)

Document and Entity Information

Document and Entity Information Document - USD ($)3 Months Ended
Apr. 29, 2018May 18, 2018Jul. 28, 2017
Document Information [Line Items]
Entity Registrant NameNVIDIA CORP
Entity Central Index Key1045810
Current Fiscal Year End Date--01-27
Entity Filer CategoryLarge Accelerated Filer
Document Type10-Q
Document Period End DateApr. 29,
2018
Document Fiscal Year Focus2019
Document Fiscal Period FocusQ1
Amendment Flagfalse
Entity Common Stock, Shares Outstanding607,171,892
Entity Well-known Seasoned IssuerYes
Entity Voluntary FilersNo
Entity Current Reporting StatusYes
Entity Public Float $ 94,311,225,054

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions3 Months Ended
Apr. 29, 2018Apr. 30, 2017
Revenue $ 3,207 $ 1,937
Cost of revenue1,139 787
Gross profit2,068 1,150
Operating expenses
Research and development542 411
Sales, general and administrative231 185
Total operating expenses773 596
Income from operations1,295 554
Interest income25 16
Interest expense(15)(16)
Other, net6 (18)
Total other income (expense)16 (18)
Income before income tax1,311 536
Income tax expense67 29
Net income $ 1,244 $ 507
Basic net income per share[1] $ 2.05 $ 0.86
Diluted net income per share[2] $ 1.98 $ 0.79
Basic weighted average shares606 592
Diluted weighted average shares627 641
Cash dividends declared and paid per common share $ 0.150 $ 0.140
[1]Calculated as net income divided by basic weighted average shares.
[2]Calculated as net income divided by diluted weighted average shares.

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions3 Months Ended
Apr. 29, 2018Apr. 30, 2017
Net income $ 1,244 $ 507
Net unrealized gain on available-for-sale securities7 3
Net unrealized loss on cash flow hedges(3)(1)
Reclassification adjustments for net realized loss on cash flow hedges included in net income, net of tax1 1
Net change in unrealized loss on cash flow hedges(2)0
Other comprehensive income, net of tax5 3
Total comprehensive income $ 1,249 $ 510

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in MillionsApr. 29, 2018Jan. 28, 2018
Current assets:
Cash and cash equivalents $ 765 $ 4,002
Marketable securities6,535 3,106
Accounts receivable, net1,220 1,265
Inventories797 796
Prepaid expenses and other current assets131 86
Total current assets9,448 9,255
Property and equipment, net1,066 997
Goodwill618 618
Intangible assets, net55 52
Other assets273 319
Total assets11,460 11,241
Current liabilities:
Accounts payable623 596
Accrued and other current liabilities469 542
Convertible short-term debt14 15
Total current liabilities1,106 1,153
Long-term debt1,986 1,985
Other long-term liabilities651 632
Total liabilities3,743 3,770
Commitments and contingencies - see Note 12
Shareholders' equity
Preferred stock0 0
Common stock1 1
Additional paid-in capital5,546 5,351
Treasury stock, at cost(7,755)(6,650)
Accumulated other comprehensive loss(23)(18)
Retained earnings9,948 8,787
Total shareholders' equity7,717 7,471
Total liabilities and shareholders' equity $ 11,460 $ 11,241

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions3 Months Ended
Apr. 29, 2018Apr. 30, 2017
Cash flows from operating activities:
Net income $ 1,244 $ 507
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense129 76
Depreciation and amortization57 47
Deferred income taxes51 22
Loss on early debt conversions0 14
Other(8)7
Changes in operating assets and liabilities:
Accounts receivable56 (150)
Inventories(2)(27)
Prepaid expenses and other assets(38)(2)
Accounts payable22 (133)
Accrued and other current liabilities(81)(87)
Other long-term liabilities15 8
Net cash provided by operating activities1,445 282
Cash flows from investing activities:
Proceeds from maturities of marketable securities239 200
Proceeds from sales of marketable securities33 649
Purchases of marketable securities(3,705)(36)
Purchases of property and equipment and intangible assets(118)(54)
Investment in non-affiliates0 (5)
Net cash provided by (used in) investing activities(3,551)754
Cash flows from financing activities:
Payments related to repurchases of common stock(655)0
Repayment of Convertible Notes(2)(605)
Dividends paid(91)(82)
Proceeds related to employee stock plans66 65
Payments related to tax on restricted stock units(449)(190)
Other0 (1)
Net cash used in financing activities(1,131)(813)
Change in cash and cash equivalents(3,237)223
Cash and cash equivalents at beginning of period4,002 1,766
Cash and cash equivalents at end of period765 1,989
Other non-cash activity:
Assets acquired by assuming related liabilities $ 43 $ 14

Summary of Significant Accounti

Summary of Significant Accounting Policies3 Months Ended
Apr. 29, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting PoliciesSummary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America, or U.S. GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission, or SEC, Regulation S-X. The January 28, 2018 consolidated balance sheet was derived from our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2018 , as filed with the SEC, but does not include all disclosures required by U.S. GAAP. In the opinion of management, all adjustments, consisting only of normal recurring adjustments except as otherwise noted, considered necessary for a fair statement of results of operations and financial position have been included. The results for the interim periods presented are not necessarily indicative of the results expected for any future period. The following information should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2018 . Significant Accounting Policies Except for the accounting policy for revenue recognition, which was updated as a result of adopting a new accounting standard related to revenue recognition, there have been no material changes to our significant accounting policies in Note 1 - Organization and Summary of Significant Accounting Policies, of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2018 . Revenue Recognition We derive our revenue primarily from product sales, license and development arrangements, and software licensing. We determine revenue recognition through the following steps: (1) identification of the contract with a customer; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when, or as, we satisfy a performance obligation. Product Sales Revenue Revenue from product sales is recognized upon transfer of control of promised products to customers in an amount that reflects the consideration we expect to receive in exchange for those products. Revenue is recognized net of allowances for returns, customer programs and any taxes collected from customers. For products sold with a right of return, we record a reduction to revenue by establishing a sales return allowance for estimated product returns at the time revenue is recognized, based primarily on historical return rates. However, if product returns for a fiscal period are anticipated to exceed historical return rates, we may determine that additional sales return allowances are required to properly reflect our estimated exposure for product returns. Our customer programs primarily involve rebates, which are designed to serve as sales incentives to resellers of our products in various target markets, and marketing development funds, or MDFs, which represent monies paid to our partners that are earmarked for market segment development and are designed to support our partners’ activities while also promoting NVIDIA products. We account for customer programs as a reduction to revenue and accrue for potential rebates and MDFs based on the amount we expect to be claimed by customers. License and Development Arrangements Our license and development arrangements with customers typically require significant customization of our intellectual property components. As a result, we recognize the revenue from the license and the revenue from the development services as a single performance obligation over the period in which the development services are performed. We measure progress to completion based on actual cost incurred to date as a percentage of the estimated total cost required to complete each project. If a loss on an arrangement becomes probable during a period, we record a provision for such loss in that period. Software Licensing Our software licenses provide our customers with a right to use the software when it is made available to the customer. Customers may purchase either perpetual licenses or subscriptions to licenses, which differ mainly in the duration over which the customer benefits from the software. Software licenses are frequently sold along with post contract customer support, or PCS. For such arrangements, we allocate revenue to the software license and PCS on a relative standalone selling price basis by maximizing the use of observable inputs to determine the standalone selling price for each performance obligation. Revenue from software licenses is recognized up front when the software is made available to the customer. PCS revenue is recognized ratably over the service period, or as services are performed. Fiscal Year We operate on a 52- or 53-week year, ending on the last Sunday in January. Fiscal years 2019 and 2018 are both 52-week years. The first quarters of fiscal years 2019 and 2018 were both 13-week quarters. Reclassifications Certain prior fiscal year balances have been reclassified to conform to the current fiscal year presentation. Principles of Consolidation Our condensed consolidated financial statements include the accounts of NVIDIA Corporation and our wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from our estimates. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition, cash equivalents and marketable securities, accounts receivable, inventories, income taxes, goodwill, stock-based compensation, litigation, investigation and settlement costs, restructuring and other charges, and other contingencies. These estimates are based on historical facts and various other assumptions that we believe are reasonable. Adoption of New and Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements The Financial Accounting Standards Board, or FASB, issued an accounting standards update that creates a single source of revenue guidance under U.S. GAAP for all companies, in all industries. We adopted this guidance on January 29, 2018 using the modified retrospective approach. Refer to Note 2 of these Notes to Condensed Consolidated Financial Statements for additional information. In January 2016, the FASB issued an accounting standards update to amend certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. We are now required to recognize changes in the fair value of our equity investments through net income rather than other comprehensive income. We adopted this guidance in the first quarter of fiscal year 2019 and applied it prospectively. The adoption of this guidance did not have a significant impact on our consolidated financial statements. Recent Accounting Pronouncement Not Yet Adopted In February 2016, the FASB issued an accounting standards update regarding the accounting for leases by which we will begin recognizing lease assets and liabilities on the balance sheet for lease terms of more than 12 months. The update will be effective for us beginning in the first quarter of fiscal year 2020. We expect the adoption of this accounting guidance to result in an increase in lease assets and a corresponding increase in lease liabilities on our Consolidated Balance Sheets.

New Revenue Accounting Standard

New Revenue Accounting Standard New Revenue Accounting Standard3 Months Ended
Apr. 29, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]New Revenue Accounting Standard Method and Impact of Adoption On January 29, 2018, we adopted the new revenue accounting standard using the modified retrospective method and applied it to contracts that were not completed as of that date. Upon adoption, we recognized the cumulative effect of the new standard as an increase to opening retained earnings of $7 million , net of tax. Comparative information for prior periods has not been adjusted. The impact of applying the new standard on our consolidated financial statements for the quarter ended April 29, 2018 was not significant. Deferred Revenue and Performance Obligations Deferred revenue is comprised mainly of customer advances and deferrals related to license and development arrangements and PCS related to software licenses. The following table shows the changes in deferred revenue during the first quarter of fiscal year 2019: April 29, 2018 (In millions) Balance as of January 28, 2018 $ 68 Adjustment to retained earnings upon adoption of new revenue standard (5 ) Balance as of January 29, 2018 63 Deferred revenue added during the period 86 Revenue recognized during the period (75 ) Balance as of April 29, 2018 $ 74 Revenue related to remaining performance obligations represents the amount of contracted license and development arrangements and PCS that has not been recognized. As of April 29, 2018, the amount of our remaining performance obligations that have not been recognized as revenue was $243 million , of which we expect to recognize approximately 50% as revenue over the next twelve months and the remainder thereafter. This amount excludes the value of remaining performance obligations for contracts with an original expected length of one year or less. Refer to Note 15 of these Notes to Condensed Consolidated Financial Statements for additional information, including disaggregated revenue disclosures.

Stock Based Compensation

Stock Based Compensation3 Months Ended
Apr. 29, 2018
Employee Service Share-based Compensation, Aggregate Disclosures [Abstract]
Stock-Based CompensationStock-Based Compensation Our stock-based compensation expense is associated with stock options, restricted stock units, or RSUs, performance stock units that are based on our corporate financial performance targets, or PSUs, performance stock units that are based on market conditions, or market-based PSUs, and our employee stock purchase plan, or ESPP. Our Condensed Consolidated Statements of Income include stock-based compensation expense, net of amounts capitalized as inventory, as follows: Three Months Ended April 29, April 30, (In millions) Cost of revenue $ 8 $ 4 Research and development 74 41 Sales, general and administrative 47 31 Total $ 129 $ 76 Equity Award Activity The following is a summary of equity award transactions under our equity incentive plans: RSUs, PSUs, and Market-based PSUs Outstanding Number of Shares Weighted Average Grant-Date Fair Value Per Share (In millions, except per share data) Balances, January 28, 2018 22 $ 66.72 Granted (1) (2) 1 $ 235.59 Vested restricted stock (5 ) $ 33.98 Canceled and forfeited — Balances, April 29, 2018 18 $ 81.82 (1) Includes PSUs that will be issued and eligible to vest if the maximum corporate financial performance goal for fiscal year 2019 is achieved. Depending on the actual level of the corporate performance achievement at the end of fiscal year 2019 , the PSUs issued could be up to 0.3 million shares. (2) Includes market-based PSUs that will be issued and eligible to vest if the maximum goal for total shareholder return, or TSR, over the 3-year measurement period is achieved. Depending on the ranking of our TSR compared to those of the companies comprising the Standard & Poor’s 500 Index during that period, the market-based PSUs issued could be up to 45 thousand shares. Of the total fair value of equity awards granted during the first quarters of fiscal years 2019 and 2018 , we estimated that the stock-based compensation expense related to equity awards that are not expected to vest was $18 million and $27 million , respectively. The following summarizes the aggregate unearned stock-based compensation expense and estimated weighted average amortization period as of April 29, 2018 and January 28, 2018 : April 29, January 28, 2018 2018 (In millions) Aggregate unearned stock-based compensation expense $ 1,103 $ 1,091 Estimated weighted average remaining amortization period (In years) RSUs, PSUs, and market-based PSUs 2.3 2.3 ESPP 1.0 0.7

Net Income Per Share

Net Income Per Share3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Net Income Per ShareNet Income Per Share The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented: Three Months Ended April 29, April 30, 2018 2017 (In millions, except per share data) Numerator: Net income $ 1,244 $ 507 Denominator: Basic weighted average shares 606 592 Dilutive impact of outstanding securities: Equity awards 20 26 1.00% Convertible Senior Notes 1 14 Warrants issued with the 1.00% Convertible Senior Notes — 9 Diluted weighted average shares 627 641 Net income per share: Basic (1) $ 2.05 $ 0.86 Diluted (2) $ 1.98 $ 0.79 Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive 1 2 (1) Calculated as net income divided by basic weighted average shares. (2) Calculated as net income divided by diluted weighted average shares. The 1.00% Convertible Senior Notes Due 2018, or the Convertible Notes, are included in the calculation of diluted net income per share. The Convertible Notes have a dilutive impact on net income per share if our average stock price for the reporting period exceeds the adjusted conversion price of $20.0296 per share. The warrants associated with our Convertible Notes, or the Warrants, outstanding are also included in the calculation of diluted net income per share. As of April 29, 2018 , there were no warrants outstanding. For the first quarter of fiscal year 2019 , our average stock price was $235.10 , which exceeded the adjusted conversion price, causing the Convertible Notes to have a dilutive impact. The denominator for diluted net income per share does not include any effect from the convertible note hedge transactions, or the Note Hedges, that we entered into concurrently with the issuance of the Convertible Notes, as its effect would be anti-dilutive. In the event of conversion of the Convertible Notes, the shares delivered to us under the Note Hedges will offset the dilutive effect of the shares that we would issue under the Convertible Notes. Refer to Note 1 2 of these Notes to Condensed Consolidated Financial Statements for additional discussion regarding the Convertible Notes and Note Hedges.

Income Taxes

Income Taxes3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Income TaxesIncome Taxes We recognized income tax expense of $67 million and $29 million for the first quarter of fiscal years 2019 and 2018 , respectively. Income tax expense as a percentage of income before income tax was 5.1% and 5.5% for the first quarter of fiscal years 2019 and 2018 , respectively. The decrease in our effective tax rate in the first quarter of fiscal year 2019 as compared to the same period in the prior fiscal year is primarily due to a decrease in the U.S. statutory tax rate from 35% to 21% , partially offset by a decrease in the impact of tax benefits from stock-based compensation. Our effective tax rates for the first quarter of fiscal years 2019 and 2018 of 5.1% and 5.5% , respectively, were lower than the U.S. federal statutory rates of 21% and 33.9% , for fiscal years 2019 and 2018, respectively, due primarily to income earned in jurisdictions where the tax rate is lower than the U.S. federal statutory tax rate, tax benefits related to stock-based compensation, and the benefit of the U.S. federal research tax credit. In December 2017, the SEC issued guidance that allows companies to record provisional amounts for the tax effects of the Tax Cuts and Job Acts, or TCJA, during a measurement period not to exceed one year. The TCJA was effective in the fourth quarter of fiscal year 2018 and we have recorded provisional amounts based on reasonable estimates for those tax effects. For the first quarter of fiscal year 2019, we have not recorded any adjustments to our provisional amounts. We will continue our analysis of these provisional amounts, which are still subject to change during the measurement period, and we anticipate further guidance on accounting interpretations from the FASB and application of the law from the U.S. Department of Treasury. The TCJA subjects a U.S. corporation to tax on its global intangible low-taxed income, or GILTI. Under U.S. GAAP, we can make an accounting policy election to either treat taxes due on the GILTI as a current period expense or factor such amounts into our measurement of deferred taxes. Given the complexity of the GILTI provisions, we are still evaluating its effects and have not yet determined our accounting policy. We expect to complete our analysis within the measurement period. For the first quarter of fiscal year 2019, because we are still evaluating the effects of the GILTI provisions, we have included tax expense related to GILTI for current-year operations in our estimated annual effective tax rate and have not provided for GILTI on deferred items. For the first quarter of fiscal year 2019 , there have been no material changes to our tax years that remain subject to examination by major tax jurisdictions. Additionally, there have been no material changes to our unrecognized tax benefits and any related interest or penalties since the fiscal year ended January 28, 2018 . While we believe that we have adequately provided for all uncertain tax positions, or tax positions where we believe it is not more-likely-than-not that the position will be sustained upon review, amounts asserted by tax authorities could be greater or less than our accrued position. Accordingly, our provisions on federal, state and foreign tax related matters to be recorded in the future may change as revised estimates are made or the underlying matters are settled or otherwise resolved with the respective tax authorities. As of April 29, 2018 , we do not believe that our estimates, as otherwise provided for, on such tax positions will significantly increase or decrease within the next twelve months.

Marketable Securities

Marketable Securities3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Marketable SecuritiesMarketable Securities All of our cash equivalents and marketable securities are classified as “available-for-sale” debt securities. The following is a summary of cash equivalents and marketable securities as of April 29, 2018 and January 28, 2018 : April 29, 2018 Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value Reported as Cash Equivalents Marketable Securities (In millions) Debt securities issued by the United States Treasury $ 2,741 $ — $ (4 ) $ 2,737 $ 100 $ 2,637 Corporate debt securities 1,803 — (11 ) 1,792 — 1,792 Debt securities of United States government agencies 1,734 — (7 ) 1,727 — 1,727 Money market funds 460 — — 460 460 — Asset-backed securities 230 — (3 ) 227 — 227 Mortgage-backed securities issued by United States government-sponsored enterprises 119 2 — 121 — 121 Foreign government bonds 31 — — 31 — 31 Total $ 7,118 $ 2 $ (25 ) $ 7,095 $ 560 $ 6,535 January 28, 2018 Amortized Unrealized Unrealized Estimated Reported as Cash Equivalents Marketable Securities (In millions) Money market funds $ 3,789 $ — $ — $ 3,789 $ 3,789 $ — Corporate debt securities 1,304 — (9 ) 1,295 — 1,295 Debt securities of United States government agencies 822 — (7 ) 815 — 815 Debt securities issued by the United States Treasury 577 — (4 ) 573 — 573 Asset-backed securities 254 — (2 ) 252 — 252 Mortgage-backed securities issued by United States government-sponsored enterprises 128 2 — 130 — 130 Foreign government bonds 42 — (1 ) 41 — 41 Total $ 6,916 $ 2 $ (23 ) $ 6,895 $ 3,789 $ 3,106 The following table provides the breakdown of unrealized losses as of April 29, 2018 , aggregated by investment category and length of time that individual securities have been in a continuous loss position: Less than 12 Months 12 Months or Greater Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses (In millions) Debt securities issued by the United States Treasury $ 1,539 $ — $ 502 $ (4 ) $ 2,041 $ (4 ) Debt securities issued by United States government agencies 1,039 (1 ) 687 (6 ) 1,726 (7 ) Corporate debt securities 253 (2 ) 835 (9 ) 1,088 (11 ) Asset-backed securities 56 (1 ) 172 (2 ) 228 (3 ) $ 2,887 $ (4 ) $ 2,196 $ (21 ) $ 5,083 $ (25 ) The gross unrealized losses related to fixed income securities were primarily due to changes in interest rates, which we believe are temporary in nature. Currently, we have the intent and ability to hold our investments until maturity. For the first quarter of fiscal years 2019 and 2018 , there were no other-than-temporary impairment losses and net realized gains were not significant. The amortized cost and estimated fair value of cash equivalents and marketable securities as of April 29, 2018 and January 28, 2018 are shown below by contractual maturity. April 29, 2018 January 28, 2018 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (In millions) Less than 1 year $ 5,490 $ 5,481 $ 5,381 $ 5,375 Due in 1 - 5 years 1,593 1,578 1,500 1,485 Mortgage-backed securities issued by United States government-sponsored enterprises not due at a single maturity date 35 36 35 35 Total $ 7,118 $ 7,095 $ 6,916 $ 6,895

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Fair Value of Financial Assets and LiabilitiesFair Value of Financial Assets and Liabilities The fair values of our financial assets and liabilities are determined using quoted market prices of identical assets or quoted market prices of similar assets from active markets. We review fair value hierarchy classification on a quarterly basis. There were no significant transfers between Levels 1 and 2 financial assets and liabilities for the first quarter of fiscal year 2019 . Level 3 financial assets and liabilities are based on unobservable inputs to the valuation methodology and include our own data about assumptions market participants would use in pricing the asset or liability based on the best information available under the circumstances. Fair Value at Pricing Category April 29, 2018 January 28, 2018 (In millions) Assets Cash equivalents and marketable securities: Debt securities issued by the United States Treasury Level 2 $ 2,737 $ 573 Corporate debt securities Level 2 $ 1,792 $ 1,295 Debt securities of United States government agencies Level 2 $ 1,727 $ 815 Money market funds Level 1 $ 460 $ 3,789 Asset-backed securities Level 2 $ 227 $ 252 Mortgage-backed securities issued by United States government-sponsored enterprises Level 2 $ 121 $ 130 Foreign government bonds Level 2 $ 31 $ 41 Liabilities Current liability: 1.00% Convertible Senior Notes (1) Level 2 $ 159 $ 189 Other noncurrent liabilities: 2.20% Notes Due 2021 (1) Level 2 $ 972 $ 982 3.20% Notes Due 2026 (1) Level 2 $ 954 $ 986 (1) These liabilities are carried on our Consolidated Balance Sheets at their original issuance value, net of unamortized debt discount and issuance costs, and are not marked to fair value each period. Refer to Note 12 of these Notes to Condensed Consolidated Financial Statements for additional information.

Intangible Assets

Intangible Assets3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Intangible AssetsAmortizable Intangible Assets The components of our amortizable intangible assets are as follows: April 29, 2018 January 28, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In millions) (In millions) Acquisition-related intangible assets $ 195 $ (183 ) $ 12 $ 195 $ (180 ) $ 15 Patents and licensed technology 483 (440 ) 43 469 (432 ) 37 Total intangible assets $ 678 $ (623 ) $ 55 $ 664 $ (612 ) $ 52 The increase in gross carrying amount of intangible assets is primarily due to purchases of licensed technology during the first quarter of fiscal year 2019. Amortization expense associated with intangible assets was $11 million and $15 million for the first quarter of fiscal years 2019 and 2018 , respectively. Future amortization expense related to the net carrying amount of intangible assets as of April 29, 2018 is estimated to be $18 million for the remainder of fiscal year 2019, $20 million in fiscal year 2020 , $11 million in fiscal year 2021 , $3 million in fiscal year 2022 , and $3 million in fiscal year 2023 and beyond.

Balance Sheet Components

Balance Sheet Components3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Balance Sheet ComponentsBalance Sheet Components Certain balance sheet components are as follows: April 29, January 28, 2018 2018 Inventories: (In millions) Raw materials $ 214 $ 227 Work in-process 254 192 Finished goods 329 377 Total inventories $ 797 $ 796 As of April 29, 2018 , we had outstanding inventory purchase obligations totaling $1.69 billion . April 29, January 28, 2018 2018 Accrued and Other Current Liabilities: (In millions) Customer program accruals $ 182 $ 181 Accrued payroll and related expenses 94 172 Deferred revenue (1) 56 53 Taxes payable 38 33 Accrued royalties 17 17 Professional service fees 16 15 Warranty accrual (2) 15 15 Coupon interest on debt obligations 7 20 Other 44 36 Total accrued and other current liabilities $ 469 $ 542 (1) Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements and PCS. (2) Refer to Note 11 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties. April 29, January 28, 2018 2018 Other Long-Term Liabilities: (In millions) Income tax payable (1) $ 569 $ 559 Deferred income tax liability 19 18 Employee benefits liability 18 12 Deferred revenue (2) 18 15 Deferred rent 12 9 Other 15 19 Total other long-term liabilities $ 651 $ 632 (1) As of April 29, 2018, represents the long-term portion of the one-time transition tax payable of $369 million , as well as unrecognized tax benefits of $184 million and related interest and penalties of $16 million . (2) Deferred revenue primarily includes deferrals related to license and development arrangements and PCS.

Derivative Financial Instrument

Derivative Financial Instrument3 Months Ended
Apr. 29, 2018
Summary of Derivative Instruments [Abstract]
Derivative Instruments and Hedging Activities DisclosureDerivative Financial Instruments We enter into foreign currency forward contracts to mitigate the impact of foreign currency exchange rate movements on our operating expenses. We designate these contracts as cash flow hedges and assess the effectiveness of the hedge relationships on a spot to spot basis. Gains or losses on the contracts are recorded in accumulated other comprehensive income or loss and reclassified to operating expense when the related operating expenses are recognized in earnings or ineffectiveness should occur. The fair value of the contracts was not significant as of April 29, 2018 and January 28, 2018 . We also enter into foreign currency forward contracts to mitigate the impact of foreign currency movements on monetary assets and liabilities that are denominated in currencies other than U.S. dollar. These forward contracts were not designated for hedge accounting treatment. Therefore, the change in fair value of these contracts is recorded in other income or expense and offsets the change in fair value of the hedged foreign currency denominated monetary assets and liabilities, which is also recorded in other income or expense. The table below presents the notional value of our foreign currency forward contracts outstanding as of April 29, 2018 and January 28, 2018 : April 29, January 28, (In millions) Designated as cash flow hedges $ 216 $ 104 Not designated for hedge accounting $ 76 $ 94 As of April 29, 2018 , all designated foreign currency forward contracts mature within twelve months. We expect to realize all gains and losses deferred into accumulated other comprehensive income (loss) related to foreign currency forward contracts within the next twelve months. During the first quarter of fiscal years 2019 and 2018 , the impact of derivative financial instruments designated for hedge accounting treatment on other comprehensive income or loss was not significant and all such instruments were determined to be highly effective. Therefore, there were no gains or losses associated with ineffectiveness.

Guarantees

Guarantees3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
GuaranteesGuarantees U.S. GAAP requires that upon issuance of a guarantee, the guarantor must recognize a liability for the fair value of the obligation it assumes under that guarantee. In addition, U.S. GAAP requires disclosures about the guarantees that an entity has issued, including a tabular reconciliation of the changes of the entity’s product warranty liabilities. Accrual for Product Warranty Liabilities We record a reduction to revenue for estimated product returns at the time revenue is recognized primarily based on historical return rates. Cost of revenue includes the estimated cost of product warranties. Under limited circumstances, we may offer an extended limited warranty to customers for certain products. Additionally, we accrue for known warranty and indemnification issues if a loss is probable and can be reasonably estimated. The estimated product returns and estimated product warranty liabilities was $15 million as of April 29, 2018 and January 28, 2018. In connection with certain agreements that we have entered into in the past, we have provided indemnities to cover the indemnified party for matters such as tax, product, and employee liabilities. We have included intellectual property indemnification provisions in our technology related agreements with third parties. Maximum potential future payments cannot be estimated because many of these agreements do not have a maximum stated liability. We have not recorded any liability in our Condensed Consolidated Financial Statements for such indemnifications.

Debt

Debt3 Months Ended
Apr. 29, 2018
Debt Disclosure [Abstract]
Debt DisclosureDebt Long-Term Debt 2.20% Notes Due 2021 and 3.20% Notes Due 2026 In fiscal year 2017, we issued $1.00 billion of the 2.20% Notes Due 2021, and $1.00 billion of the 3.20% Notes Due 2026, or collectively, the Notes. Interest on the Notes is payable on March 16 and September 16 of each year, beginning on March 16, 2017. Upon 30 days' notice to holders of the Notes, we may redeem the Notes for cash prior to maturity, at redemption prices that include accrued and unpaid interest, if any, and a make-whole premium. However, no make-whole premium will be paid for redemptions of the Notes Due 2021 on or after August 16, 2021, or for redemptions of the Notes Due 2026 on or after June 16, 2026. The net proceeds from the Notes were $1.98 billion , after deducting debt discount and issuance costs. The Notes are our unsecured senior obligations and rank equally in right of payment with all of our existing and future unsecured and unsubordinated indebtedness. The Notes are structurally subordinated to the liabilities of our subsidiaries and are effectively subordinated to any secured indebtedness to the extent of the value of the assets securing such indebtedness. All existing and future liabilities of our subsidiaries will be effectively senior to the Notes. The carrying value of the Notes and the associated interest rates were as follows: Expected Remaining Term (years) Effective Interest Rate April 29, 2018 January 28, 2018 (In millions) 2.20% Notes Due 2021 3.4 2.38% $ 1,000 $ 1,000 3.20% Notes Due 2026 8.4 3.31% 1,000 1,000 Unamortized debt discount and issuance costs (14 ) (15 ) Net carrying amount $ 1,986 $ 1,985 Convertible Debt 1.00% Convertible Senior Notes Due 2018 In fiscal year 2014, we issued $1.50 billion of 1.00% Convertible Senior Notes due 2018. Through the first quarter of fiscal year 2019 , we had settled an aggregate of $1.49 billion of the Convertible Notes. The Convertible Notes are unsecured, unsubordinated obligations of the Company paying interest in cash semi-annually at a rate of 1.00% per annum and will mature on December 1, 2018 unless previously repurchased or converted. Upon conversion, we pay cash up to the aggregate principal amount and pay or deliver cash, shares of our common stock or a combination thereof, at our election, of our conversion obligation in excess of the aggregate principal amount being converted. Holders may convert all or any portion of their Convertible Notes at any time prior to August 1, 2018 under certain circumstances. For example, during any fiscal quarter, if the last reported sale price of the common stock for at least 20 trading days during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the conversion price on each applicable trading day, the Convertible Notes become convertible at the holders' option. As this condition has been met, all outstanding Convertible Notes are convertible at the holders’ option through July 29, 2018. During the first quarter of fiscal year 2019 , we paid cash to settle an aggregate of $2 million in principal amount of the Convertible Notes and had $14 million in principal amount outstanding as of April 29, 2018. We also issued 74 thousand shares of our common stock for the excess conversion value and the related loss on early conversions was not significant. Based on the closing price of our common stock of $226.33 on the last trading day of the first quarter of fiscal year 2019 , the if-converted value of the remaining outstanding Convertible Notes exceeded their principal amount by approximately $144 million . As of April 29, 2018, the conversion rate was 49.9261 shares of common stock per $1,000 principal amount of the Convertible Notes (equivalent to an adjusted conversion price of $20.0296 per share of common stock). Note Hedges Concurrently with the issuance of the Convertible Notes, we entered into the Note Hedges. The Note Hedges have an adjusted strike price of $20.0296 per share and allow us to receive shares of our common stock and/or cash related to the excess conversion value that we would deliver and/or pay, respectively, to the holders of the Convertible Notes upon conversion. Through April 29, 2018, we had received 56 million shares of our common stock from the exercise of a portion of the Note Hedges related to the settlement of $1.49 billion in principal amount of the Convertible Notes. Revolving Credit Facility In fiscal year 2017, we entered into a credit agreement, or the Credit Agreement, under which we may borrow, repay and re-borrow amounts from time to time, up to $575 million , for working capital and other general corporate purposes. The commitments under the Credit Agreement are available for a 5-year period ending on October 7, 2021. The Credit Agreement also permits us to obtain additional revolving loan commitments up to $425 million , subject to certain conditions. As of April 29, 2018, we had not borrowed any amounts and were in compliance with all related covenants under the Credit Agreement. Commercial Paper In fiscal year 2018, we established a commercial paper program to support general corporate purposes. Under the program, we can issue up to $575 million in commercial paper. As of April 29, 2018, we had not issued any commercial paper and there was no commercial paper outstanding.

Commitments and Contingencies

Commitments and Contingencies3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Commitments and ContingenciesCommitments and Contingencies Litigation Polaris Innovations Limited On May 16, 2016, Polaris Innovations Limited, or Polaris, a non-practicing entity and wholly-owned subsidiary of Quarterhill Inc. (formerly WiLAN Inc.), filed a complaint against NVIDIA for patent infringement in the United States District Court for the Western District of Texas. Polaris alleges that NVIDIA has infringed and is continuing to infringe six U.S. patents relating to the control of dynamic random-access memory, or DRAM: 6,532,505; 7,124,325; 7,405,993; 7,886,122; 8,161,344; and 8,207,976. The complaint seeks unspecified monetary damages, enhanced damages, interest, fees, expenses, and costs against NVIDIA. On September 14, 2016, NVIDIA answered the Polaris Complaint and asserted various defenses including non-infringement and invalidity of the six Polaris patents. On December 5, 2016, the Texas Court granted NVIDIA’s motion to transfer and ordered the case transferred to the Northern District of California. Between December 7, 2016 and July 25, 2017, NVIDIA filed multiple petitions for inter partes review, or IPR, at the United States Patent and Trademark Office, or USPTO, challenging the validity of each of the patents asserted by Polaris in the U.S. litigation. The USPTO instituted IPRs for U.S. Patent Nos. 6,532,505; 7,405,993; 7,886,122; and 8,161,344. The USPTO declined to institute IPRs on U.S. Patent Nos. 7,124,325 and 8,207,976. On June 15, 2017, the California Court granted NVIDIA’s motion to stay the district court litigation pending resolution of the petitions for IPR. The California Court has not set a trial date. On December 30, 2016, Polaris filed a complaint against NVIDIA for patent infringement in the Regional Court of Düsseldorf, Germany. Polaris alleges that NVIDIA has infringed and is continuing to infringe three patents relating to control of DRAM: European Patent No. EP1428225, and German Patent Nos. DE 10223167 and DE 1020066043668. On July 14, 2017, NVIDIA filed defenses to the infringement allegations including non-infringement with respect to each of the three asserted patents. An oral hearing is scheduled for February 21, 2019. Between March 31, 2017 and June 12, 2017, NVIDIA filed nullity actions with the German Patent Court challenging the validity of each of the patents asserted by Polaris in the German litigation. ZiiLabs 1 Patents Lawsuit On October 2, 2017, ZiiLabs Inc., Ltd., or ZiiLabs, a non-practicing entity, filed a complaint in the United States District Court for the District of Delaware alleging that NVIDIA has infringed and is continuing to infringe four U.S. patents relating to GPUs: 6,683,615; 7,050,061; 7,710,425; and 9,098,943, or the ZiiLabs 1 Patents. ZiiLabs is a Bermuda corporation and a wholly-owned subsidiary of Creative Technology Asia Limited, a Hong Kong company which is itself is a wholly-owned subsidiary of Creative Technology Ltd. a publicly traded Singapore company. The complaint seeks unspecified monetary damages, enhanced damages, interest, costs, and fees against NVIDIA and an injunction against further direct or direct infringement of the ZiiLabs 1 Patents. On November 27, 2017, NVIDIA answered the ZiiLabs complaint and asserted various defenses including non-infringement and invalidity of the ZiiLabs 1 Patents. On January 10, 2018, ZiiLabs filed a first amended complaint asserting infringement of a fifth U.S. Patent No. 6,977,649. On February 22, 2018, the Delaware Court stayed the ZiiLabs 1 case pending the resolution of the ITC investigation over the ZiiLabs 2 patents. ZiiLabs 2 Patents Lawsuits On December 27, 2017, ZiiLabs filed a second complaint in the United States District Court for the District of Delaware alleging that NVIDIA has infringed four additional U.S. Patents: 6,181,355; 6,900,800; 8,144,156; and 8,643,659, or the ZiiLabs 2 Patents. The second complaint also seeks unspecified monetary damages, enhanced damages, interest, costs, and fees against NVIDIA and an injunction against further direct or direct infringement of the ZiiLabs 2 Patents. On February 22, 2018, the Delaware Court stayed the district court action on the ZiiLabs 2 patents pending the resolution of the ITC Investigation over the ZiiLabs 2 patents. On December 29, 2017, ZiiLabs filed a request with the U.S. International Trade Commission, or USITC, to commence an Investigation pursuant to Section 337 of the Tariff Act of 1930 relating to the unlawful importation of certain graphics processors and products containing the same. ZiiLabs alleges that the unlawful importation results from the infringement of the ZiiLabs 2 Patents by products from respondents NVIDIA, ASUSTeK Computer Inc., ASUS Computer International, EVGA Corporation, Gigabyte Technology Co., Ltd., G.B.T. Inc., Micro-Star International Co., Ltd., MSI Computer Corp., Nintendo Co., Ltd., Nintendo of America Inc., PNY Technologies Inc., Zotac International (MCO) Ltd., and Zotac USA Inc. On February 28, 2018, NVIDIA and the other respondents answered the ITC complaint and asserted various defenses including non-infringement and invalidity of the four asserted ZiiLabs 2 patents. Accounting for Loss Contingencies While there can be no assurance of favorable outcomes, we believe the claims made by the other parties in the above ongoing matters are without merit and we intend to vigorously defend the actions. As of April 29, 2018 , we have not recorded any accrual for contingent liabilities associated with the legal proceedings described above based on our belief that liabilities, while possible, are not probable. Further, any possible loss or range of loss in these matters cannot be reasonably estimated at this time. We are engaged in other legal actions not described above arising in the ordinary course of its business and, while there can be no assurance of favorable outcomes, we believe that the ultimate outcome of these actions will not have a material adverse effect on our operating results, liquidity or financial position.

Shareholders' Equity

Shareholders' Equity3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Stockholders' EquityShareholders’ Equity Capital Return Program Beginning August 2004, our Board of Directors authorized us to repurchase our stock. During the first quarter of fiscal year 2019 , we repurchased a total of 3 million shares for $655 million and paid $91 million in cash dividends to our shareholders. Through April 29, 2018 , we have repurchased an aggregate of 254 million shares under our share repurchase program for a total cost of $6.16 billion . All shares delivered from these repurchases have been placed into treasury stock. As of April 29, 2018 , we were authorized, subject to certain specifications, to repurchase additional shares of our common stock up to $1.16 billion through December 2020. Preferred Stock As of April 29, 2018 and January 28, 2018 , there were no shares of preferred stock outstanding. Common Stock We are authorized to issue up to 2.00 billion shares of our common stock at $0.001 per share par value.

Segment Information

Segment Information3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Segment InformationSegment Information Our Chief Executive Officer, who is considered to be our chief operating decision maker, or CODM, reviews financial information presented on an operating segment basis for purposes of making operating decisions and assessing financial performance. Our operating segments are equivalent to our reportable segments. We report our business in two primary reportable segments - the GPU business and the Tegra Processor business - based on a single underlying graphics architecture. While our GPU and CUDA architecture is unified, our GPU product brands are aimed at specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. Our Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. Under the single unifying graphics architecture for our GPU and Tegra Processors, we leverage our visual computing expertise by charging the operating expenses of certain core engineering functions to the GPU business, while charging the Tegra Processor business for the incremental cost of the teams working directly for that business. In instances where the operating expenses of certain functions benefit both reportable segments, our CODM assigns 100% of those expenses to the reportable segment that benefits the most. The “All Other” category presented below represents the revenue and expenses that our CODM does not assign to either the GPU business or the Tegra Processor business for purposes of making operating decisions or assessing financial performance. The revenue includes primarily patent licensing revenue and the expenses include stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, contributions, restructuring and other charges, product warranty charge, and other non-recurring charges and benefits that our CODM deems to be enterprise in nature. Our CODM does not review any information regarding total assets on a reportable segment basis. Reportable segments do not record intersegment revenue, and, accordingly, there is none to be reported. The accounting policies for segment reporting are the same as for NVIDIA as a whole. The table below presents details of our reportable segments and the “All Other” category. GPU Tegra Processor All Other Consolidated (In millions) Three Months Ended April 29, 2018 Revenue $ 2,765 $ 442 $ — $ 3,207 Depreciation and amortization expense $ 40 $ 10 $ 7 $ 57 Operating income (loss) $ 1,394 $ 97 $ (196 ) $ 1,295 Three Months Ended April 30, 2017 Revenue $ 1,562 $ 332 $ 43 $ 1,937 Depreciation and amortization expense $ 28 $ 9 $ 10 $ 47 Operating income (loss) $ 602 $ 47 $ (95 ) $ 554 Three Months Ended April 29, April 30, (In millions) Reconciling items included in "All Other" category: Unallocated revenue $ — $ 43 Stock-based compensation expense (129 ) (76 ) Unallocated cost of revenue and operating expenses (63 ) (56 ) Acquisition-related costs (2 ) (4 ) Legal settlement costs (2 ) — Contributions — (2 ) Total $ (196 ) $ (95 ) Revenue by geographic region is allocated to individual countries based on the location to which the products are initially billed even if our customers’ revenue is attributable to end customers that are located in a different location. The following table summarizes information pertaining to our revenue from customers based on the invoicing address by geographic regions: Three Months Ended April 29, April 30, 2018 2017 (In millions) Revenue: Taiwan $ 967 $ 602 China 754 330 Other Asia Pacific 583 377 United States 434 353 Europe 235 182 Other Americas 234 93 Total revenue $ 3,207 $ 1,937 The following table summarizes information pertaining to our revenue by each of the specialized markets we serve: Three Months Ended April 29, April 30, 2018 2017 (In millions) Revenue: Gaming $ 1,723 $ 1,027 Professional Visualization 251 205 Datacenter 701 409 Automotive 145 140 OEM & IP 387 156 Total revenue $ 3,207 $ 1,937 Revenue from significant customers, those representing 10% or more of total revenue, aggregated approximately 20% of our total revenue from two customers for the first quarter of fiscal year 2019 , and was attributable primarily to the GPU business. No single customer represented 10% or more of total revenue for the first quarter of fiscal year 2018 . Accounts receivable from significant customers, those representing more than 10% of total accounts receivable, aggregated approximately 18% of our accounts receivable balance from one customer as of April 29, 2018 , and approximately 28% of our accounts receivable balance from two customers as of January 28, 2018 .

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)3 Months Ended
Apr. 29, 2018
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting PoliciesBasis of Presentation The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America, or U.S. GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission, or SEC, Regulation S-X. The January 28, 2018 consolidated balance sheet was derived from our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2018 , as filed with the SEC, but does not include all disclosures required by U.S. GAAP. In the opinion of management, all adjustments, consisting only of normal recurring adjustments except as otherwise noted, considered necessary for a fair statement of results of operations and financial position have been included. The results for the interim periods presented are not necessarily indicative of the results expected for any future period. The following information should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2018 . Significant Accounting Policies Except for the accounting policy for revenue recognition, which was updated as a result of adopting a new accounting standard related to revenue recognition, there have been no material changes to our significant accounting policies in Note 1 - Organization and Summary of Significant Accounting Policies, of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2018 . Revenue Recognition We derive our revenue primarily from product sales, license and development arrangements, and software licensing. We determine revenue recognition through the following steps: (1) identification of the contract with a customer; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when, or as, we satisfy a performance obligation. Product Sales Revenue Revenue from product sales is recognized upon transfer of control of promised products to customers in an amount that reflects the consideration we expect to receive in exchange for those products. Revenue is recognized net of allowances for returns, customer programs and any taxes collected from customers. For products sold with a right of return, we record a reduction to revenue by establishing a sales return allowance for estimated product returns at the time revenue is recognized, based primarily on historical return rates. However, if product returns for a fiscal period are anticipated to exceed historical return rates, we may determine that additional sales return allowances are required to properly reflect our estimated exposure for product returns. Our customer programs primarily involve rebates, which are designed to serve as sales incentives to resellers of our products in various target markets, and marketing development funds, or MDFs, which represent monies paid to our partners that are earmarked for market segment development and are designed to support our partners’ activities while also promoting NVIDIA products. We account for customer programs as a reduction to revenue and accrue for potential rebates and MDFs based on the amount we expect to be claimed by customers. License and Development Arrangements Our license and development arrangements with customers typically require significant customization of our intellectual property components. As a result, we recognize the revenue from the license and the revenue from the development services as a single performance obligation over the period in which the development services are performed. We measure progress to completion based on actual cost incurred to date as a percentage of the estimated total cost required to complete each project. If a loss on an arrangement becomes probable during a period, we record a provision for such loss in that period. Software Licensing Our software licenses provide our customers with a right to use the software when it is made available to the customer. Customers may purchase either perpetual licenses or subscriptions to licenses, which differ mainly in the duration over which the customer benefits from the software. Software licenses are frequently sold along with post contract customer support, or PCS. For such arrangements, we allocate revenue to the software license and PCS on a relative standalone selling price basis by maximizing the use of observable inputs to determine the standalone selling price for each performance obligation. Revenue from software licenses is recognized up front when the software is made available to the customer. PCS revenue is recognized ratably over the service period, or as services are performed.
Fiscal YearFiscal Year We operate on a 52- or 53-week year, ending on the last Sunday in January. Fiscal years 2019 and 2018 are both 52-week years. The first quarters of fiscal years 2019 and 2018 were both 13-week quarters.
ReclassificationsReclassifications Certain prior fiscal year balances have been reclassified to conform to the current fiscal year presentation.
Principles of ConsolidationPrinciples of Consolidation Our condensed consolidated financial statements include the accounts of NVIDIA Corporation and our wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of EstimatesUse of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from our estimates. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition, cash equivalents and marketable securities, accounts receivable, inventories, income taxes, goodwill, stock-based compensation, litigation, investigation and settlement costs, restructuring and other charges, and other contingencies. These estimates are based on historical facts and various other assumptions that we believe are reasonable.
Adoption of New and Recently Issued Accounting PronouncementsAdoption of New and Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements The Financial Accounting Standards Board, or FASB, issued an accounting standards update that creates a single source of revenue guidance under U.S. GAAP for all companies, in all industries. We adopted this guidance on January 29, 2018 using the modified retrospective approach. Refer to Note 2 of these Notes to Condensed Consolidated Financial Statements for additional information. In January 2016, the FASB issued an accounting standards update to amend certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. We are now required to recognize changes in the fair value of our equity investments through net income rather than other comprehensive income. We adopted this guidance in the first quarter of fiscal year 2019 and applied it prospectively. The adoption of this guidance did not have a significant impact on our consolidated financial statements. Recent Accounting Pronouncement Not Yet Adopted In February 2016, the FASB issued an accounting standards update regarding the accounting for leases by which we will begin recognizing lease assets and liabilities on the balance sheet for lease terms of more than 12 months. The update will be effective for us beginning in the first quarter of fiscal year 2020. We expect the adoption of this accounting guidance to result in an increase in lease assets and a corresponding increase in lease liabilities on our Consolidated Balance Sheets.

New Revenue Accounting Standa22

New Revenue Accounting Standard (Tables)3 Months Ended
Apr. 29, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Changes in Deferred Revenue April 29, 2018 (In millions) Balance as of January 28, 2018 $ 68 Adjustment to retained earnings upon adoption of new revenue standard (5 ) Balance as of January 29, 2018 63 Deferred revenue added during the period 86 Revenue recognized during the period (75 ) Balance as of April 29, 2018 $ 74

Stock Based Compensation (Table

Stock Based Compensation (Tables)3 Months Ended
Apr. 29, 2018
Employee Service Share-based Compensation, Aggregate Disclosures [Abstract]
Stock-based compensation expense, net of amounts capitalized as inventory Three Months Ended April 29, April 30, (In millions) Cost of revenue $ 8 $ 4 Research and development 74 41 Sales, general and administrative 47 31 Total $ 129 $ 76
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award RSUs, PSUs, and Market-based PSUs Outstanding Number of Shares Weighted Average Grant-Date Fair Value Per Share (In millions, except per share data) Balances, January 28, 2018 22 $ 66.72 Granted (1) (2) 1 $ 235.59 Vested restricted stock (5 ) $ 33.98 Canceled and forfeited — Balances, April 29, 2018 18 $ 81.82 (1) Includes PSUs that will be issued and eligible to vest if the maximum corporate financial performance goal for fiscal year 2019 is achieved. Depending on the actual level of the corporate performance achievement at the end of fiscal year 2019 , the PSUs issued could be up to 0.3 million shares. (2) Includes market-based PSUs that will be issued and eligible to vest if the maximum goal for total shareholder return, or TSR, over the 3-year measurement period is achieved. Depending on the ranking of our TSR compared to those of the companies comprising the Standard & Poor’s 500 Index during that period, the market-based PSUs issued could be up to 45 thousand shares.
Summary of unearned stock-based compensation expense April 29, January 28, 2018 2018 (In millions) Aggregate unearned stock-based compensation expense $ 1,103 $ 1,091 Estimated weighted average remaining amortization period (In years) RSUs, PSUs, and market-based PSUs 2.3 2.3 ESPP 1.0 0.7

Net Income Per Share (Tables)

Net Income Per Share (Tables)3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Reconciliation of numerators and denominators of basic and diluted net income (loss) per share computations Three Months Ended April 29, April 30, 2018 2017 (In millions, except per share data) Numerator: Net income $ 1,244 $ 507 Denominator: Basic weighted average shares 606 592 Dilutive impact of outstanding securities: Equity awards 20 26 1.00% Convertible Senior Notes 1 14 Warrants issued with the 1.00% Convertible Senior Notes — 9 Diluted weighted average shares 627 641 Net income per share: Basic (1) $ 2.05 $ 0.86 Diluted (2) $ 1.98 $ 0.79 Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive 1 2 (1) Calculated as net income divided by basic weighted average shares. (2) Calculated as net income divided by diluted weighted average shares.

Marketable Securities (Tables)

Marketable Securities (Tables)3 Months Ended
Apr. 29, 2018
Schedule of Available-for-sale Securities [Line Items]
Cash Equivalents and Marketable Securities April 29, 2018 Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value Reported as Cash Equivalents Marketable Securities (In millions) Debt securities issued by the United States Treasury $ 2,741 $ — $ (4 ) $ 2,737 $ 100 $ 2,637 Corporate debt securities 1,803 — (11 ) 1,792 — 1,792 Debt securities of United States government agencies 1,734 — (7 ) 1,727 — 1,727 Money market funds 460 — — 460 460 — Asset-backed securities 230 — (3 ) 227 — 227 Mortgage-backed securities issued by United States government-sponsored enterprises 119 2 — 121 — 121 Foreign government bonds 31 — — 31 — 31 Total $ 7,118 $ 2 $ (25 ) $ 7,095 $ 560 $ 6,535 January 28, 2018 Amortized Unrealized Unrealized Estimated Reported as Cash Equivalents Marketable Securities (In millions) Money market funds $ 3,789 $ — $ — $ 3,789 $ 3,789 $ — Corporate debt securities 1,304 — (9 ) 1,295 — 1,295 Debt securities of United States government agencies 822 — (7 ) 815 — 815 Debt securities issued by the United States Treasury 577 — (4 ) 573 — 573 Asset-backed securities 254 — (2 ) 252 — 252 Mortgage-backed securities issued by United States government-sponsored enterprises 128 2 — 130 — 130 Foreign government bonds 42 — (1 ) 41 — 41 Total $ 6,916 $ 2 $ (23 ) $ 6,895 $ 3,789 $ 3,106
Schedule of Unrealized Loss on Investments Less than 12 Months 12 Months or Greater Total Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses (In millions) Debt securities issued by the United States Treasury $ 1,539 $ — $ 502 $ (4 ) $ 2,041 $ (4 ) Debt securities issued by United States government agencies 1,039 (1 ) 687 (6 ) 1,726 (7 ) Corporate debt securities 253 (2 ) 835 (9 ) 1,088 (11 ) Asset-backed securities 56 (1 ) 172 (2 ) 228 (3 ) $ 2,887 $ (4 ) $ 2,196 $ (21 ) $ 5,083 $ (25 )
Investments Classified by Contractual Maturity Date April 29, 2018 January 28, 2018 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (In millions) Less than 1 year $ 5,490 $ 5,481 $ 5,381 $ 5,375 Due in 1 - 5 years 1,593 1,578 1,500 1,485 Mortgage-backed securities issued by United States government-sponsored enterprises not due at a single maturity date 35 36 35 35 Total $ 7,118 $ 7,095 $ 6,916 $ 6,895

Fair Value of Financial Asset26

Fair Value of Financial Assets and Liabilities (Tables)3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Fair Value Measurements, Recurring and Nonrecurring Fair Value at Pricing Category April 29, 2018 January 28, 2018 (In millions) Assets Cash equivalents and marketable securities: Debt securities issued by the United States Treasury Level 2 $ 2,737 $ 573 Corporate debt securities Level 2 $ 1,792 $ 1,295 Debt securities of United States government agencies Level 2 $ 1,727 $ 815 Money market funds Level 1 $ 460 $ 3,789 Asset-backed securities Level 2 $ 227 $ 252 Mortgage-backed securities issued by United States government-sponsored enterprises Level 2 $ 121 $ 130 Foreign government bonds Level 2 $ 31 $ 41 Liabilities Current liability: 1.00% Convertible Senior Notes (1) Level 2 $ 159 $ 189 Other noncurrent liabilities: 2.20% Notes Due 2021 (1) Level 2 $ 972 $ 982 3.20% Notes Due 2026 (1) Level 2 $ 954 $ 986

Intangible Assets (Tables)

Intangible Assets (Tables)3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Amortizable Intangible Assets Components April 29, 2018 January 28, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In millions) (In millions) Acquisition-related intangible assets $ 195 $ (183 ) $ 12 $ 195 $ (180 ) $ 15 Patents and licensed technology 483 (440 ) 43 469 (432 ) 37 Total intangible assets $ 678 $ (623 ) $ 55 $ 664 $ (612 ) $ 52

Balance Sheet Components (Table

Balance Sheet Components (Tables)3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Inventories April 29, January 28, 2018 2018 Inventories: (In millions) Raw materials $ 214 $ 227 Work in-process 254 192 Finished goods 329 377 Total inventories $ 797 $ 796
Accrued and Other Current Liabilities April 29, January 28, 2018 2018 Accrued and Other Current Liabilities: (In millions) Customer program accruals $ 182 $ 181 Accrued payroll and related expenses 94 172 Deferred revenue (1) 56 53 Taxes payable 38 33 Accrued royalties 17 17 Professional service fees 16 15 Warranty accrual (2) 15 15 Coupon interest on debt obligations 7 20 Other 44 36 Total accrued and other current liabilities $ 469 $ 542 (1) Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements and PCS. (2) Refer to Note 11 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties.
Other Long-term Liabilities April 29, January 28, 2018 2018 Other Long-Term Liabilities: (In millions) Income tax payable (1) $ 569 $ 559 Deferred income tax liability 19 18 Employee benefits liability 18 12 Deferred revenue (2) 18 15 Deferred rent 12 9 Other 15 19 Total other long-term liabilities $ 651 $ 632 (1) As of April 29, 2018, represents the long-term portion of the one-time transition tax payable of $369 million , as well as unrecognized tax benefits of $184 million and related interest and penalties of $16 million . (2) Deferred revenue primarily includes deferrals related to license and development arrangements and PCS.

Derivative Financial Instrume29

Derivative Financial Instrument Summary of notional value of foreign currency forward contracts (Tables)3 Months Ended
Apr. 29, 2018
Derivative [Line Items]
Schedule of Notional Amounts of Outstanding Derivative Positions April 29, January 28, (In millions) Designated as cash flow hedges $ 216 $ 104 Not designated for hedge accounting $ 76 $ 94

Debt (Table)

Debt (Table)3 Months Ended
Apr. 29, 2018
Debt Disclosure [Abstract]
Long-term DebtThe carrying value of the Notes and the associated interest rates were as follows: Expected Remaining Term (years) Effective Interest Rate April 29, 2018 January 28, 2018 (In millions) 2.20% Notes Due 2021 3.4 2.38% $ 1,000 $ 1,000 3.20% Notes Due 2026 8.4 3.31% 1,000 1,000 Unamortized debt discount and issuance costs (14 ) (15 ) Net carrying amount $ 1,986 $ 1,985

Segment Information (Tables)

Segment Information (Tables)3 Months Ended
Apr. 29, 2018
Notes to financial statements [Abstract]
Financial Information by Operating Segment GPU Tegra Processor All Other Consolidated (In millions) Three Months Ended April 29, 2018 Revenue $ 2,765 $ 442 $ — $ 3,207 Depreciation and amortization expense $ 40 $ 10 $ 7 $ 57 Operating income (loss) $ 1,394 $ 97 $ (196 ) $ 1,295 Three Months Ended April 30, 2017 Revenue $ 1,562 $ 332 $ 43 $ 1,937 Depreciation and amortization expense $ 28 $ 9 $ 10 $ 47 Operating income (loss) $ 602 $ 47 $ (95 ) $ 554
Reconciling items included in All Other category Three Months Ended April 29, April 30, (In millions) Reconciling items included in "All Other" category: Unallocated revenue $ — $ 43 Stock-based compensation expense (129 ) (76 ) Unallocated cost of revenue and operating expenses (63 ) (56 ) Acquisition-related costs (2 ) (4 ) Legal settlement costs (2 ) — Contributions — (2 ) Total $ (196 ) $ (95 )
Revenue from customers based in different geographic regions Three Months Ended April 29, April 30, 2018 2017 (In millions) Revenue: Taiwan $ 967 $ 602 China 754 330 Other Asia Pacific 583 377 United States 434 353 Europe 235 182 Other Americas 234 93 Total revenue $ 3,207 $ 1,937
Schedule of Revenue by Major Markets Three Months Ended April 29, April 30, 2018 2017 (In millions) Revenue: Gaming $ 1,723 $ 1,027 Professional Visualization 251 205 Datacenter 701 409 Automotive 145 140 OEM & IP 387 156 Total revenue $ 3,207 $ 1,937

New Revenue Accounting Standa32

New Revenue Accounting Standard (Details) - USD ($) $ in Millions3 Months Ended
Apr. 29, 2018Jan. 29, 2018Jan. 28, 2018
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred Revenue $ 68
New Revenue Accounting Standard
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax $ 7
Deferred Revenue74 $ 63
Adjustment to Retained Earnings upon Adoption of New Revenue Standard, Deferred Revenue Adjustment(5)
Deferred Revenue, Additions86
Deferred Revenue, Revenue Recognized(75)
Revenue, Remaining Performance Obligation $ 243
Percent of Remaining Performance Obligations to be Recognized Over the Next Twelve Months50.00%

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions3 Months Ended
Apr. 29, 2018Jan. 28, 2018Apr. 30, 2017
Share-based Compensation
Cost of revenue $ 8 $ 4
Research and development74 41
Sales, general and administrative47 31
Stock-based compensation expense $ 129 76
RSUs, PSUs, and Market-based PSUs
RSUs, PSUs and mkt-based PSUs beginning balance (in shares)22,000
RSUs, PSUs and mkt-based PSUs granted (in shares)[1],[2]1,000
RSUs, PSUs and mkt-based PSUs vested (in shares)(5,000)
RSUs, PSUs, and mkt-based PSUs ending balance (in shares)18,000 22,000
Weighted average grant date fair value of RSUs, PSUs and mkt-based PSUs at beginning of period $ 66.72
Weighted avg grant-date FV of RSUs, PSUs and mkt-based PSUs235.59
Weighted average grant-date fair value of RSUs, PSUs and mkt-based PSUs vested33.98
Weighted avg grant date FV of RSUs, PSUs and mkt-based PSUs at end of period $ 81.82 $ 66.72
Maximum number of PSUs issuable300
Maximum number of market-based PSUs issuable45
Stock-based compensation expense related to equity awards not expected to vest $ 18 $ 27
Summary of unearned SBC expense
Aggregate amount of unearned stock-based compensation expense related to equity awards, adjusted for estimated forfeitures $ 1,103 $ 1,091
RSUs, PSUs, and Market-based PSUs
Summary of unearned SBC expense
Estimated weighted average amortization period2 years 4 months 6 days2 years 3 months 7 days
Employee Stock Purchase Plan
Summary of unearned SBC expense
Estimated weighted average amortization period1 year 10 days8 months 6 days
[1]Includes PSUs that will be issued and eligible to vest if the maximum corporate financial performance goal for fiscal year 2019 is achieved. Depending on the actual level of the corporate performance achievement at the end of fiscal year 2019, the PSUs issued could be up to 0.3 million shares.
[2]Includes market-based PSUs that will be issued and eligible to vest if the maximum goal for total shareholder return, or TSR, over the 3-year measurement period is achieved. Depending on the ranking of our TSR compared to those of the companies comprising the Standard & Poor’s 500 Index during that period, the market-based PSUs issued could be up to 45 thousand shares.

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions3 Months Ended
Apr. 29, 2018Apr. 30, 2017
Numerator:
Net income $ 1,244 $ 507
Denominator:
Basic weighted average shares606 592
Dilutive impact of outstanding securities:
Equity awards20 26
1.00% Convertible Senior Notes1 14
Warrants issued with the 1.00% Convertible Senior Notes0 9
Diluted weighted average shares627 641
Net income per share:
Basic net income per share[1] $ 2.05 $ 0.86
Diluted net income per share[2] $ 1.98 $ 0.79
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive1 2
Stated interest rate, Convertible Notes1.00%
Conversion price - Convertible Notes $ 20.0296
Average stock price $ 235.10
[1]Calculated as net income divided by basic weighted average shares.
[2]Calculated as net income divided by diluted weighted average shares.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions3 Months Ended12 Months Ended
Apr. 29, 2018Apr. 30, 2017Jan. 28, 2018
Income Taxes
Income tax expense $ 67 $ 29
Effective Income Tax Rate, Continuing Operations5.10%5.50%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate21.00%35.00%33.90%

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in MillionsApr. 29, 2018Jan. 28, 2018
Summary of cash equivalents and marketable securities:
Amortized Cost $ 7,118 $ 6,916
Unrealized Gain2 2
Unrealized Loss(25)(23)
Classified as:
Cash equivalents560 3,789
Marketable securities6,535 3,106
Total cash equivalents and marketable securities7,095 6,895
Amortized Cost
Less than one year5,490 5,381
Due in 1-5 years1,593 1,500
Mortgage-backed securities issued by government-sponsored enterprises not due to a single maturity date35 35
Total7,118 6,916
Estimated Fair Value
Less than one year5,481 5,375
Due in 1-5 years1,578 1,485
Mortgage-backed securities issued by United States government-sponsored enterprises not due to a single maturity date36 35
Total7,095 6,895
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months2,887
Fair value, unrealized loss greater than 12 months2,196
Fair value with unrealized loss, total5,083
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross(4)
Unrealized loss, 12 months or greater, gross(21)
Gross unrealized loss, total(25)
Corporate debt securities
Summary of cash equivalents and marketable securities:
Amortized Cost1,803 1,304
Unrealized Gain0 0
Unrealized Loss(11)(9)
Classified as:
Cash equivalents0 0
Marketable securities1,792 1,295
Total cash equivalents and marketable securities1,792 1,295
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months253
Fair value, unrealized loss greater than 12 months835
Fair value with unrealized loss, total1,088
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross(2)
Unrealized loss, 12 months or greater, gross(9)
Gross unrealized loss, total(11)
Debt securities of United States government agencies
Summary of cash equivalents and marketable securities:
Amortized Cost1,734 822
Unrealized Gain0 0
Unrealized Loss(7)(7)
Classified as:
Cash equivalents0 0
Marketable securities1,727 815
Total cash equivalents and marketable securities1,727 815
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months1,039
Fair value, unrealized loss greater than 12 months687
Fair value with unrealized loss, total1,726
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross(1)
Unrealized loss, 12 months or greater, gross(6)
Gross unrealized loss, total(7)
Debt securities issued by the United States Treasury
Summary of cash equivalents and marketable securities:
Amortized Cost2,741 577
Unrealized Gain0 0
Unrealized Loss(4)(4)
Classified as:
Cash equivalents100 0
Marketable securities2,637 573
Total cash equivalents and marketable securities2,737 573
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months1,539
Fair value, unrealized loss greater than 12 months502
Fair value with unrealized loss, total2,041
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross0
Unrealized loss, 12 months or greater, gross(4)
Gross unrealized loss, total(4)
Asset-backed Securities
Summary of cash equivalents and marketable securities:
Amortized Cost230 254
Unrealized Gain0 0
Unrealized Loss(3)(2)
Classified as:
Cash equivalents0 0
Marketable securities227 252
Total cash equivalents and marketable securities227 252
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months56
Fair value, unrealized loss greater than 12 months172
Fair value with unrealized loss, total228
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross(1)
Unrealized loss, 12 months or greater, gross(2)
Gross unrealized loss, total(3)
Mortgage backed securities issued by United States government-sponsored enterprises
Summary of cash equivalents and marketable securities:
Amortized Cost119 128
Unrealized Gain2 2
Unrealized Loss0 0
Classified as:
Cash equivalents0 0
Marketable securities121 130
Total cash equivalents and marketable securities121 130
Foreign government bonds
Summary of cash equivalents and marketable securities:
Amortized Cost31 42
Unrealized Gain0 0
Unrealized Loss0 (1)
Classified as:
Cash equivalents0 0
Marketable securities31 41
Total cash equivalents and marketable securities31 41
Money market funds
Summary of cash equivalents and marketable securities:
Amortized Cost460 3,789
Unrealized Gain0 0
Unrealized Loss0 0
Classified as:
Cash equivalents460 3,789
Marketable securities0 0
Total cash equivalents and marketable securities $ 460 $ 3,789

Fair Value of Financial Asset37

Fair Value of Financial Assets and Liabilities (Details) - USD ($) $ in MillionsApr. 29, 2018Jan. 28, 2018
Financial assets and liabilities measured at fair value:
Stated interest rate, Convertible Notes1.00%
2021 Notes [Member]
Financial assets and liabilities measured at fair value:
Long-term Debt, Stated interest rate2.20%
2026 Notes [Member]
Financial assets and liabilities measured at fair value:
Long-term Debt, Stated interest rate3.20%
Fair Value, Inputs, Level 1 [Member] | Money market funds
Financial assets and liabilities measured at fair value:
Assets, fair value $ 460 $ 3,789
Fair Value, Inputs, Level 2 [Member]
Financial assets and liabilities measured at fair value:
Convertible Notes, Fair Value[1]159 189
Fair Value, Inputs, Level 2 [Member] | 2021 Notes [Member]
Financial assets and liabilities measured at fair value:
Long-term Debt, Fair Value[1]972 982
Fair Value, Inputs, Level 2 [Member] | 2026 Notes [Member]
Financial assets and liabilities measured at fair value:
Long-term Debt, Fair Value[1]954 986
Fair Value, Inputs, Level 2 [Member] | Corporate debt securities
Financial assets and liabilities measured at fair value:
Assets, fair value1,792 1,295
Fair Value, Inputs, Level 2 [Member] | Debt securities of United States government agencies
Financial assets and liabilities measured at fair value:
Assets, fair value1,727 815
Fair Value, Inputs, Level 2 [Member] | Debt securities issued by the United States Treasury
Financial assets and liabilities measured at fair value:
Assets, fair value2,737 573
Fair Value, Inputs, Level 2 [Member] | Asset-backed Securities
Financial assets and liabilities measured at fair value:
Assets, fair value227 252
Fair Value, Inputs, Level 2 [Member] | Mortgage backed securities issued by United States government-sponsored enterprises
Financial assets and liabilities measured at fair value:
Assets, fair value121 130
Fair Value, Inputs, Level 2 [Member] | Foreign government bonds
Financial assets and liabilities measured at fair value:
Assets, fair value $ 31 $ 41
[1]These liabilities are carried on our Consolidated Balance Sheets at their original issuance value, net of unamortized debt discount and issuance costs, and are not marked to fair value each period. Refer to Note 12 of these Notes to Condensed Consolidated Financial Statements for additional information.

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions3 Months Ended
Apr. 29, 2018Apr. 30, 2017Jan. 28, 2018
Amortizable intangible assets components
Amortization expense $ 11 $ 15
Future amortization expense associated with intangible assets
Remainder of fiscal 201918
Fiscal 2,020 20
Fiscal 2,021 11
Fiscal 2,022 3
Fiscal 2023 and beyond3
Acquisition-related intangible assets
Amortizable intangible assets components
Gross Carrying Amount195 $ 195
Accumulated Amortization(183)(180)
Net Carrying Amount12 15
Patents and licensed technology
Amortizable intangible assets components
Gross Carrying Amount483 469
Accumulated Amortization(440)(432)
Net Carrying Amount43 37
Total intangible assets
Amortizable intangible assets components
Gross Carrying Amount678 664
Accumulated Amortization(623)(612)
Net Carrying Amount $ 55 $ 52

Balance Sheet Components (Detai

Balance Sheet Components (Details) - USD ($) $ in Millions3 Months Ended
Apr. 29, 2018Jan. 28, 2018
Inventories
Raw materials $ 214 $ 227
Work in-process254 192
Finished goods329 377
Total inventories797 796
Outstanding Inventory Purchase Obligations1,690
Accrued Liabilities and Other Current Liabilities
Customer program accruals182 181
Accrued payroll and related expenses94 172
Deferred Revenue[1]56 53
Taxes payable38 33
Accrued royalties17 17
Professional service fees16 15
Warranty accrual[2]15 15
Coupon interest on debt obligations7 20
Other44 36
Total accrued and other current liabilities469 542
Other Long-Term Liabilities
Income taxes payable[3]569 559
Deferred income tax liability19 18
Employee benefits liability18 12
Deferred Revenue[4]18 15
Deferred rent12 9
Other15 19
Total other long-term liabilities651 $ 632
Unrecognized Tax Benefit (Non Current)184
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued16
One time transition tax payable, noncurrent $ 369
[1]Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements and PCS.
[2]Refer to Note 11 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties.
[3]As of April 29, 2018, represents the long-term portion of the one-time transition tax payable of $369 million, as well as unrecognized tax benefits of $184 million and related interest and penalties of $16 million.
[4]Deferred revenue primarily includes deferrals related to license and development arrangements and PCS.

Derivative Financial Instrume40

Derivative Financial Instrument (Details) - USD ($) $ in MillionsApr. 29, 2018Jan. 28, 2018
Summary of Derivative Instruments [Abstract]
Notional amount of FX forward contract, designated as cash flow hedges $ 216 $ 104
Notional amount of FX forward contract, not designated for hedge accounting $ 76 $ 94

Guarantees (Details)

Guarantees (Details) - USD ($) $ in MillionsApr. 29, 2018Jan. 28, 2018
Notes to financial statements [Abstract]
Warranty accrual[1] $ 15 $ 15
[1]Refer to Note 11 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties.

Debt (Details)

Debt (Details) $ / shares in Units, shares in Thousands, $ in Thousands3 Months Ended
Apr. 29, 2018USD ($)$ / sharessharesApr. 27, 2018$ / sharesJan. 28, 2018USD ($)
Debt Instrument
Proceeds from issuance of debt $ 1,980,000
Unamortized discount and issuance costs(14,000) $ (15,000)
Long-term debt, net carrying amount1,986,000 1,985,000
Convertible Notes - Face Amount $ 1,500,000
Stated interest rate, Convertible Notes1.00%
Extinguishment of Debt, to date $ 1,490,000
Repayment of Convertible Notes2,000
Convertible short-term debt $ 14,000 15,000
Shares issued - Convertible Notes | shares74
Closing stock price | $ / shares $ 226.33
If-converted value in excess of principal - Convertible Notes $ 144,000
Conversion ratio - Convertible Notes49.9261
Principal amount of Convertible Notes $ 1
Conversion price - Convertible Notes | $ / shares $ 20.0296
Note Hedges Strike Price | $ / shares $ 20.0296
Shares received from Note Hedges | shares56,000
Revolving Credit Facility [Member]
Debt Instrument
Line of Credit Facility, Current Borrowing Capacity $ 575,000
Additional borrowing capacity from Revolving Credit Facility425,000
Commercial Paper [Member]
Debt Instrument
Line of Credit Facility, Current Borrowing Capacity575,000
2021 Notes [Member]
Debt Instrument
Long-term Debt, Gross $ 1,000,000 1,000,000
Long-term Debt, Stated interest rate2.20%
Expected remaining term - Long-term debt3 years 4 months 24 days
Effective interest rate - Long-term debt2.38%
2026 Notes [Member]
Debt Instrument
Long-term Debt, Gross $ 1,000,000 $ 1,000,000
Long-term Debt, Stated interest rate3.20%
Expected remaining term - Long-term debt8 years 4 months 24 days
Effective interest rate - Long-term debt3.31%

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions3 Months Ended
Apr. 29, 2018Apr. 30, 2017
Notes to financial statements [Abstract]
Stock Repurchased During Period, Shares3
Stock Repurchased During Period, Value $ 655
Payments of Dividends $ 91 $ 82
Aggregated number of shares repurchased under stock repurchase program254
Aggregated cost of shares repurchased $ 6,160
Stock Repurchase Program, Remaining Authorized Repurchase Amount $ 1,160
Authorized number of shares of common stock2,000
Par value of common stock $ 0.001

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions3 Months Ended
Apr. 29, 2018Apr. 30, 2017Jan. 28, 2018
Revenue by Operating Segment and Geographic Region
Revenue $ 3,207 $ 1,937
Depreciation and amortization expense57 47
Operating income (loss)1,295 554
Reconciling items included in All Other category
Stock-based compensation expense(129)(76)
Unallocated cost of revenue and operating expenses(63)(56)
Acquisition-related costs(2)(4)
Legal Settlement Costs(2)0
Contributions $ 0 (2)
Revenue from significant customers (in percent)20.00%
Accounts receivable from significant customers (in percent)18.00%28.00%
Gaming
Revenue by Operating Segment and Geographic Region
Revenue $ 1,723 1,027
Professional Visualization
Revenue by Operating Segment and Geographic Region
Revenue251 205
Datacenter
Revenue by Operating Segment and Geographic Region
Revenue701 409
Automotive
Revenue by Operating Segment and Geographic Region
Revenue145 140
OEM & IP
Revenue by Operating Segment and Geographic Region
Revenue387 156
Taiwan
Revenue by Operating Segment and Geographic Region
Revenue967 602
China
Revenue by Operating Segment and Geographic Region
Revenue754 330
Other Asia Pacific
Revenue by Operating Segment and Geographic Region
Revenue583 377
United States
Revenue by Operating Segment and Geographic Region
Revenue434 353
Other Americas
Revenue by Operating Segment and Geographic Region
Revenue234 93
Europe
Revenue by Operating Segment and Geographic Region
Revenue235 182
GPU
Revenue by Operating Segment and Geographic Region
Revenue2,765 1,562
Depreciation and amortization expense40 28
Operating income (loss)1,394 602
Tegra Processor
Revenue by Operating Segment and Geographic Region
Revenue442 332
Depreciation and amortization expense10 9
Operating income (loss)97 47
All Other
Revenue by Operating Segment and Geographic Region
Revenue0 43
Depreciation and amortization expense7 10
Operating income (loss) $ (196) $ (95)