Nvidia recognized revenue of $26,974 million and net income of $4,368 million for the fiscal...
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Nvidia recognized revenue of $26,974 million and net income of $4,368 million for the fiscal year ended January 29, 2023. Assume all customer program accruals and deferred revenue relate to revenue. By how much did these accruals increase or decrease revenue for the fiscal year? Is this a material amount? Why?
\begin{tabular}{|c|c|c|c|c|} \hline \multirow{3}{*}{ Accrued and Other Current Liabilities: } & \multicolumn{2}{|c|}{\begin{tabular}{c} January 29, \\ 2023 \end{tabular}} & \\ \hline & \multicolumn{4}{|c|}{ (in milions) } \\ \hline & & & & \\ \hline Customer program accruals & $ & 1,196 & $ & 1,000 \\ \hline Excess inwentory purchase obligations (1) & & 954 & & 196 \\ \hline Accrued payroll and related expenses & & 530 & & 409 \\ \hline Taxes payable & & 467 & & 132 \\ \hline Deferred revenue (2) & & 354 & & 300 \\ \hline Operating leases & & 176 & & 144 \\ \hline Other & & 443 & & 371 \\ \hline Total accrued and other current liabilities & $ & 4,120 & $ & 2,552 \\ \hline \end{tabular}
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