DELL TECHNOLOGIES INC.

Segment Information

(in millions, except percentages; unaudited; continued)

Three Months Ended

Six Months Ended

July 29, 2022

July 30, 2021

July 29, 2022

July 30, 2021

Reconciliation to consolidated net revenue:

Reportable segment net revenue

$             25,026

$             22,818

$             49,898

$             44,162

Other businesses (a)

1,399

1,378

2,638

2,630

Unallocated transactions (b)

—

3

5

5

Impact of purchase accounting (c)

—

(8)

—

(16)

Total consolidated net revenue

$             26,425

$             24,191

$             52,541

$             46,781

Reconciliation to consolidated operating income:

Reportable segment operating income

$                2,024

$                1,948

$                4,221

$                3,806

Other businesses (a)

(71)

(77)

(135)

(167)

Unallocated transactions (b)

(1)

(3)

1

(1)

Impact of purchase accounting (c)

(3)

(15)

(12)

(35)

Amortization of intangibles

(244)

(442)

(487)

(887)

Transaction-related expenses (d)

(3)

(37)

(8)

(66)

Stock-based compensation expense (e)

(236)

(206)

(468)

(378)

Other corporate expenses (f)

(196)

(151)

(292)

(268)

Total consolidated operating income

$                1,270

$                1,017

$                2,820

$                2,004