The mix used for this stage is shown in Table 1. It consists of approximately 3.9 trillion tokens, with over 95% derived from web data. We refer to this set as OLMo 2 Mix 1124. This is the same pretraining data used in OLMoE (Muennighoff et al., 2024).
We combine data from DCLM (Li et al., 2024) and Dolma 1.7 (Soldaini et al., 2024). From DCLM, we use the “baseline 1.0” mix. From Dolma, we use the arXiv (Together AI, 2023), OpenWebMath (Paster et al., 2023), Algebraic Stack, peS2o (Soldaini and Lo, 2023), and Wikipedia subsets. arXiv, OpenWebMath, and Algebraic Stack were originally part of ProofPile II (Azerbayev et al., 2023).
Finally, we include code from StarCoder (Li et al., 2023b), which is derived from permissively-licensed repositories from GitHub (Kocetkov et al., 2022). In an attempt to include higher quality code, we remove any document from a repository with fewer than 2 stars on GitHub. Further, through manual inspection of this source, we found it to contain documents encoded in binary format or containing mostly numerical content; to remove them, we discarded documents whose most frequent word constitutes over 30% of the document, or whose top-2 most frequent words constitute over 50% of the document. To mitigate possible training loss spikes, we remove documents with repeated sequences of 32 or more n-grams. We report details and show effectiveness of this intervention in Section §3.1.
2.1.2 Mid-training data: Dolmino Mix 1124
After the initial pretraining stage on mostly web data, we further train with a mixture of web data that has been more restrictively filtered for quality and a collection of domain-specific high quality data, much of which is synthetic. The purpose of this mixture is to imbue the model with math-centric skills and provide focused exposure to STEM references and high quality text. We generate several variants of this mixture, with varying sizes, but generally refer to this mixture as DOLMINO MIX 1124. The base sources from which DOLMINO MIX 1124 is subsampled are described in Table 2. We refer the reader to Section §4 for a deep dive detailing our processes for experimenting and curating data for this mix.
| Wikipedia & Wikibooks from Dolma 1.7 | Encyclopedic | 3.7B | 3.16B | 16.2B | 6.17M |
| Total | | **3.90T** | **3.48T** | **22.38T**| **3.08B**|
Table 1: Composition of the pretraining data for OLMo 2. The OLMo 2 1124 Mix is composed of StarCoder (Li et al., 2023b; Kocetkov et al., 2022), peS2o (Soldaini and Lo, 2023), web text from DCLM (Li et al., 2024) and Wiki come from Dolma 1.7 (Soldaini et al., 2024). arXiv comes from Red-Pajama (Together AI, 2023), while OpenWebMath (Paster et al., 2023) and Algebraic Stack come from ProofPile II (Azerbayev et al., 2023).
2.1.1 Pretraining data: OLMo 2 Mix 1124
The mix used for this stage is shown in Table 1. It consists of approximately 3.9 trillion tokens, with over 95% derived from web data. We refer to this set as OLMo 2 Mix 1124. This is the same pretraining data used in OLMoE (Muenninghoff et al., 2024).
We combine data from DCLM (Li et al., 2024) and Dolma 1.7 (Soldaini et al., 2024). From DCLM, we use the “baseline 1.0” mix. From Dolma, we use the arXiv (Together AI, 2023), OpenWebMath (Paster et al., 2023), Algebraic Stack, peS2o (Soldaini and Lo, 2023), and Wikipedia subsets. arXiv, OpenWebMath, and Algebraic Stack were originally part of ProofPile II (Azerbayev et al., 2023).
Finally, we include code from StarCoder (Li et al., 2023b), which is derived from permissively-licensed repositories from GitHub (Kocetkov et al., 2022). In an attempt to include higher quality code, we remove any document from a repository with fewer than 2 stars on GitHub. Further, through manual inspection of this source, we found it to contain documents encoded in binary format or containing mostly numerical content; to remove them, we discarded documents whose most frequent word constitutes over 30% of the document, or whose top-2 most frequent words constitute over 50% of the document. To mitigate possible training loss spikes, we remove documents with repeated sequences of 32 or more n-grams. We report details and show effectiveness of this intervention in Section §3.1.
2.1.2 Mid-training data: Dolmino Mix 1124
After the initial pretraining stage on mostly web data, we further train with a mixture of web data that has been more restrictively filtered for quality and a collection of domain-specific high quality data, much of which is synthetic. The purpose of this mixture is to imbue the model with math-centric skills and provide focused exposure to STEM references and high quality text. We generate several variants of this mixture, with varying sizes, but generally refer to this mixture as Dolmino Mix 1124. The base sources from which Dolmino Mix 1124 is subsampled are described in Table 2. We refer the reader to Section §4 for a deep dive detailing our processes for experimenting and curating data for this mix.
Table 1: Composition of the pretraining data for OLMo 2. The OLMo 2 1124 Mix is composed of StarCoder (Li et al., 2023b; Kocetkov et al., 2022), peS2o (Soldaini and Lo, 2023), web text from DCLM (Li et al., 2024) and Wiki come from Dolma 1.7 (Soldaini et al., 2024). arXiv comes from Red-Pajama (Together AI, 2023), while OpenWebMath (Paster et al., 2023) and Algebraic Stack come from ProofPile II (Azerbayev et al., 2023).
2.1.1 Pretraining data: OLMo 2 Mix 1124
The mix used for this stage is shown in Table 1. It consists of approximately 3.9 trillion tokens, with over 95% derived from web data. We refer to this set as OLMo 2 Mix 1124. This is the same pretraining data used in OLMoE (Muenninghoff et al., 2024).
We combine data from DCLM (Li et al., 2024) and Dolma 1.7 (Soldaini et al., 2024). From DCLM, we use the “baseline 1.0” mix. From Dolma, we use the arXiv (Together AI, 2023), OpenWebMath (Paster et al., 2023), Algebraic Stack, peS2o (Soldaini and Lo, 2023), and Wikipedia subsets. arXiv, OpenWebMath, and Algebraic Stack were originally part of ProofPile II (Azerbayev et al., 2023).
Finally, we include code from StarCoder (Li et al., 2023b), which is derived from permissively-licensed repositories from GitHub (Kocetkov et al., 2022). In an attempt to include higher quality code, we remove any document from a repository with fewer than 2 stars on GitHub. Further, through manual inspection of this source, we found it to contain documents encoded in binary format or containing mostly numerical content; to remove them, we discarded documents whose most frequent word constitutes over 30% of the document, or whose top-2 most frequent words constitute over 50% of the document. To mitigate possible training loss spikes, we remove documents with repeated sequences of 32 or more n-grams. We report details and show effectiveness of this intervention in Section §3.1.
2.1.2 Mid-training data: Dolmino Mix 1124
After the initial pretraining stage on mostly web data, we further train with a mixture of web data that has been more restrictively filtered for quality and a collection of domain-specific high quality data, much of which is synthetic. The purpose of this mixture is to imbue the model with math-centric skills and provide focused exposure to STEM references and high quality text. We generate several variants of this mixture, with varying sizes, but generally refer to this mixture as Dolmino Mix 1124. The base sources from which Dolmino Mix 1124 is subsampled are described in Table 2. We refer the reader to Section §4 for a deep dive detailing our processes for experimenting and curating data for this mix.
For the following exercises, the given functions represent the position of a particle traveling along a horizontal line.
a. Find the velocity and acceleration functions.
b. Determine the time intervals when the object is slowing down or speeding up.
150.\( s(t) = 2t^3 - 3t^2 - 12t + 8 \)
151.\( s(t) = 2t^3 - 15t^2 + 36t - 10 \)
152.\( s(t) = \frac{t}{1 + t^2} \)
153. A rocket is fired vertically upward from the ground. The distance \( s \) in feet that the rocket travels from the ground after \( t \) seconds is given by \( s(t) = -16t^2 + 560t \).
a. Find the velocity of the rocket 3 seconds after being fired.
b. Find the acceleration of the rocket 3 seconds after being fired.
154. A ball is thrown downward with a speed of 8 ft/s from the top of a 64-foot-tall building. After \( t \) seconds, its height above the ground is given by \( s(t) = -16t^2 - 8t + 64 \).
a. Determine how long it takes for the ball to hit the ground.
b. Determine the velocity of the ball when it hits the ground.
155. The position function \( s(t) = t^2 - 3t - 4 \) represents the position of the back of a car backing out of a driveway and then driving in a straight line, where \( s \) is in feet and \( t \) is in seconds. In this case, \( s(t) = 0 \) represents the time at which the back of the car is at the garage door, so \( s(0) = -4 \) is the starting position of the car, 4 feet inside the garage.
a. Determine the velocity of the car when \( s(t) = 0 \).
b. Determine the velocity of the car when \( s(t) = 14 \).
156. The position of a hummingbird flying along a straight line in \( t \) seconds is given by \( s(t) = 3t^3 - 7t \) meters.
a. Determine the velocity of the bird at \( t = 1 \) sec.
b. Determine the acceleration of the bird at \( t = 1 \) sec.
c. Determine the acceleration of the bird when the velocity equals 0.
157. A potato is launched vertically upward with an initial velocity of 100 ft/s from a potato gun at the top of an 85-foot-tall building. The distance in feet that the potato travels from the ground after \( t \) seconds is given by \( s(t) = -16t^2 + 100t + 85 \).
a. Find the velocity of the potato after 0.5 s and 5.75 s.
b. Find the speed of the potato at 0.5 s and 5.75 s.
c. Determine when the potato reaches its maximum height.
d. Find the acceleration of the potato at 0.5 s and 1.5 s.
e. Determine how long the potato is in the air.
f. Determine the velocity of the potato upon hitting the ground.
158. The position function \( s(t) = t^3 - 8t \) gives the position in miles of a freight train where east is the positive direction and \( t \) is measured in hours.
a. Determine the direction the train is traveling when \( s(t) = 0 \).
b. Determine the direction the train is traveling when \( s(t) = 0 \).
c. Determine the time intervals when the train is slowing down or speeding up.
159. The following graph shows the position \( y = s(t) \) of an object moving along a straight line.
[Graph showing position vs. time]
a. Use the graph of the position function to determine the time intervals when the velocity is positive, negative, or zero.
b. Sketch the graph of the velocity function.
c. Use the graph of the velocity function to determine the time intervals when the acceleration is positive, negative, or zero.
d. Determine the time intervals when the object is speeding up or slowing down.
For the following exercises, the given functions represent the position of a particle traveling along a horizontal line.
a. Find the velocity and acceleration functions.
b. Determine the time intervals when the object is slowing down or speeding up.
150.\( s(t) = 2t^3 - 3t^2 - 12t + 8 \)
151.\( s(t) = 2t^3 - 15t^2 + 36t - 10 \)
152.\( s(t) = \frac{t}{1 + t^2} \)
153. A rocket is fired vertically upward from the ground. The distance \( s \) in feet that the rocket travels from the ground after \( t \) seconds is given by \( s(t) = -16t^2 + 560t \).
a. Find the velocity of the rocket 3 seconds after being fired.
b. Find the acceleration of the rocket 3 seconds after being fired.
154. A ball is thrown downward with a speed of 8 ft/s from the top of a 64-foot-tall building. After \( t \) seconds, its height above the ground is given by \( s(t) = -16t^2 - 8t + 64 \).
a. Determine how long it takes for the ball to hit the ground.
b. Determine the velocity of the ball when it hits the ground.
155. The position function \( s(t) = t^2 - 3t - 4 \) represents the position of the back of a car backing out of a driveway and then driving in a straight line, where \( s \) is in feet and \( t \) is in seconds. In this case, \( s(t) = 0 \) represents the time at which the back of the car is at the garage door, so \( s(0) = -4 \) is the starting position of the car, 4 feet inside the garage.
a. Determine the velocity of the car when \( s(t) = 0 \).
b. Determine the velocity of the car when \( s(t) = 14 \).
156. The position of a hummingbird flying along a straight line in \( t \) seconds is given by \( s(t) = 3t^3 - 7t \) meters.
a. Determine the velocity of the bird at \( t = 1 \) sec.
b. Determine the acceleration of the bird at \( t = 1 \) sec.
c. Determine the acceleration of the bird when the velocity equals 0.
157. A potato is launched vertically upward with an initial velocity of 100 ft/s from a potato gun at the top of an 85-foot-tall building. The distance in feet that the potato travels from the ground after \( t \) seconds is given by \( s(t) = -16t^2 + 100t + 85 \).
a. Find the velocity of the potato after 0.5 s and 5.75 s.
b. Find the speed of the potato at 0.5 s and 5.75 s.
c. Determine when the potato reaches its maximum height.
d. Find the acceleration of the potato at 0.5 s and 1.5 s.
e. Determine how long the potato is in the air.
f. Determine the velocity of the potato upon hitting the ground.
158. The position function \( s(t) = t^3 - 8t \) gives the position in miles of a freight train where east is the positive direction and \( t \) is measured in hours.
a. Determine the direction the train is traveling when \( s(t) = 0 \).
b. Determine the direction the train is traveling when \( s(t) = 0 \).
c. Determine the time intervals when the train is slowing down or speeding up.
159. The following graph shows the position \( y = s(t) \) of an object moving along a straight line.
[Graph]
a. Use the graph of the position function to determine the time intervals when the velocity is positive, negative, or zero.
b. Sketch the graph of the velocity function.
c. Use the graph of the velocity function to determine the time intervals when the acceleration is positive, negative, or zero.
d. Determine the time intervals when the object is speeding up or slowing down.
For the following exercises, the given functions represent the position of a particle traveling along a horizontal line.
a. Find the velocity and acceleration functions.
b. Determine the time intervals when the object is slowing down or speeding up.
150.\( s(t) = 2t^3 - 3t^2 - 12t + 8 \)
151.\( s(t) = 2t^3 - 15t^2 + 36t - 10 \)
152.\( s(t) = \frac{t}{1 + t^2} \)
153. A rocket is fired vertically upward from the ground. The distance \( s \) in feet that the rocket travels from the ground after \( t \) seconds is given by \( s(t) = -16t^2 + 560t \).
a. Find the velocity of the rocket 3 seconds after being fired.
b. Find the acceleration of the rocket 3 seconds after being fired.
154. A ball is thrown downward with a speed of 8 ft/s from the top of a 64-foot-tall building. After \( t \) seconds, its height above the ground is given by \( s(t) = -16t^2 - 8t + 64 \).
a. Determine how long it takes for the ball to hit the ground.
b. Determine the velocity of the ball when it hits the ground.
155. The position function \( s(t) = t^2 - 3t - 4 \) represents the position of the back of a car backing out of a driveway and then driving in a straight line, where \( s \) is in feet and \( t \) is in seconds. In this case, \( s(t) = 0 \) represents the time at which the back of the car is at the garage door, so \( s(0) = -4 \) is the starting position of the car, 4 feet inside the garage.
a. Determine the velocity of the car when \( s(t) = 0 \).
b. Determine the velocity of the car when \( s(t) = 14 \).
156. The position of a hummingbird flying along a straight line in \( t \) seconds is given by \( s(t) = 3t^3 - 7t \) meters.
a. Determine the velocity of the bird at \( t = 1 \) sec.
b. Determine the acceleration of the bird at \( t = 1 \) sec.
c. Determine the acceleration of the bird when the velocity equals 0.
157. A potato is launched vertically upward with an initial velocity of 100 ft/s from a potato gun at the top of an 85-foot-tall building. The distance in feet that the potato travels from the ground after \( t \) seconds is given by \( s(t) = -16t^2 + 100t + 85 \).
a. Find the velocity of the potato after 0.5 s and 5.75 s.
b. Find the speed of the potato at 0.5 s and 5.75 s.
c. Determine when the potato reaches its maximum height.
d. Find the acceleration of the potato at 0.5 s and 1.5 s.
e. Determine how long the potato is in the air.
f. Determine the velocity of the potato upon hitting the ground.
158. The position function \( s(t) = t^3 - 8t \) gives the position in miles of a freight train where east is the positive direction and \( t \) is measured in hours.
a. Determine the direction the train is traveling when \( s(t) = 0 \).
b. Determine the direction the train is traveling when \( a(t) = 0 \).
c. Determine the time intervals when the train is slowing down or speeding up.
159. The following graph shows the position \( y = s(t) \) of an object moving along a straight line.
a. Use the graph of the position function to determine the time intervals when the velocity is positive, negative, or zero.
b. Sketch the graph of the velocity function.
c. Use the graph of the velocity function to determine the time intervals when the acceleration is positive, negative, or zero.
d. Determine the time intervals when the object is speeding up or slowing down.
For the following exercises, the given functions represent the position of a particle traveling along a horizontal line.
a. Find the velocity and acceleration functions.
b. Determine the time intervals when the object is slowing down or speeding up.
150.\( s(t) = 2t^3 - 3t^2 - 12t + 8 \)
151.\( s(t) = 2t^3 - 15t^2 + 36t - 10 \)
152.\( s(t) = \frac{t}{1 + t^2} \)
153. A rocket is fired vertically upward from the ground. The distance \( s \) in feet that the rocket travels from the ground after \( t \) seconds is given by \( s(t) = -16t^2 + 560t \).
a. Find the velocity of the rocket 3 seconds after being fired.
b. Find the acceleration of the rocket 3 seconds after being fired.
154. A ball is thrown downward with a speed of 8 ft/s from the top of a 64-foot-tall building. After \( t \) seconds, its height above the ground is given by \( s(t) = -16t^2 - 8t + 64 \).
a. Determine how long it takes for the ball to hit the ground.
b. Determine the velocity of the ball when it hits the ground.
155. The position function \( s(t) = t^2 - 3t - 4 \) represents the position of the back of a car backing out of a driveway and then driving in a straight line, where \( s \) is in feet and \( t \) is in seconds. In this case, \( s(t) = 0 \) represents the time at which the back of the car is at the garage door, so \( s(0) = -4 \) is the starting position of the car, 4 feet inside the garage.
a. Determine the velocity of the car when \( s(t) = 0 \).
b. Determine the velocity of the car when \( s(t) = 14 \).
156. The position of a hummingbird flying along a straight line in \( t \) seconds is given by \( s(t) = 3t^3 - 7t \) meters.
a. Determine the velocity of the bird at \( t = 1 \) sec.
b. Determine the acceleration of the bird at \( t = 1 \) sec.
c. Determine the acceleration of the bird when the velocity equals 0.
157. A potato is launched vertically upward with an initial velocity of 100 ft/s from a potato gun at the top of an 85-foot-tall building. The distance in feet that the potato travels from the ground after \( t \) seconds is given by \( s(t) = -16t^2 + 100t + 85 \).
a. Find the velocity of the potato after 0.5 s and 5.75 s.
b. Find the speed of the potato at 0.5 s and 5.75 s.
c. Determine when the potato reaches its maximum height.
d. Find the acceleration of the potato at 0.5 s and 1.5 s.
e. Determine how long the potato is in the air.
f. Determine the velocity of the potato upon hitting the ground.
158. The position function \( s(t) = t^3 - 8t \) gives the position in miles of a freight train where east is the positive direction and \( t \) is measured in hours.
a. Determine the direction the train is traveling when \( s(t) = 0 \).
b. Determine the direction the train is traveling when \( a(t) = 0 \).
c. Determine the time intervals when the train is slowing down or speeding up.
159. The following graph shows the position \( y = s(t) \) of an object moving along a straight line.
a. Use the graph of the position function to determine the time intervals when the velocity is positive, negative, or zero.
b. Sketch the graph of the velocity function.
Use the graph of the velocity function to determine the time intervals when the acceleration is positive, negative, or zero.
d. Determine the time intervals when the object is speeding up or slowing down.
For the following exercises, the given functions represent the position of a particle traveling along a horizontal line.
a. Find the velocity and acceleration functions.
b. Determine the time intervals when the object is slowing down or speeding up.
150.\( s(t) = 2t^3 - 3t^2 - 12t + 8 \)
151.\( s(t) = 2t^3 - 15t^2 + 36t - 10 \)
152.\( s(t) = \frac{t}{1 + t^2} \)
153. A rocket is fired vertically upward from the ground. The distance \( s \) in feet that the rocket travels from the ground after \( t \) seconds is given by \( s(t) = -16t^2 + 560t. \)
a. Find the velocity of the rocket 3 seconds after being fired.
b. Find the acceleration of the rocket 3 seconds after being fired.
154. A ball is thrown downward with a speed of 8 ft/ s from the top of a 64-foot-tall building. After \( t \) seconds, its height above the ground is given by \( s(t) = -16t^2 - 8t + 64. \)
a. Determine how long it takes for the ball to hit the ground.
b. Determine the velocity of the ball when it hits the ground.
155. The position function \( s(t) = t^2 - 3t - 4 \) represents the position of the back of a car backing out of a driveway and then driving in a straight line, where \( s \) is in feet and \( t \) is in seconds. In this case, \( s(t) = 0 \) represents the time at which the back of the car is at the garage door, so \( s(0) = -4 \) is the starting position of the car, 4 feet inside the garage.
a. Determine the velocity of the car when \( s(t) = 0. \)
b. Determine the velocity of the car when \( s(t) = 14. \)
156. The position of a hummingbird flying along a straight line in \( t \) seconds is given by \( s(t) = 3t^3 - 7t \) meters.
a. Determine the velocity of the bird at \( t = 1 \) sec.
b. Determine the acceleration of the bird at \( t = 1 \) sec.
c. Determine the acceleration of the bird when the velocity equals 0.
157. A potato is launched vertically upward with an initial velocity of 100 ft/ s from a potato gun at the top of an 85-foot-tall building. The distance in feet that the potato travels from the ground after \( t \) seconds is given by \( s(t) = -16t^2 + 100t + 85. \)
a. Find the velocity of the potato after 0.5 s and 5.75 s.
b. Find the speed of the potato at 0.5 s and 5.75 s.
c. Determine when the potato reaches its maximum height.
d. Find the acceleration of the potato at 0.5 s and 1.5 s.
e. Determine how long the potato is in the air.
f. Determine the velocity of the potato upon hitting the ground.
158. The position function \( s(t) = t^3 - 8t \) gives the position in miles of a freight train where east is the positive direction and \( t \) is measured in hours.
a. Determine the direction the train is traveling when \( s(t) = 0. \)
b. Determine the direction the train is traveling when \( s(t) = 0. \)
c. Determine the time intervals when the train is slowing down or speeding up.
159. The following graph shows the position \( y = s(t) \) of an object moving along a straight line.
a. Use the graph of the position function to determine the time intervals when the velocity is positive, negative, or zero.
b. Sketch the graph of the velocity function.
c. Use the graph of the velocity function to determine the time intervals when the acceleration is positive, negative, or zero.
d. Determine the time intervals when the object is speeding up or slowing down.
Table 4: Baseline model performance on each of the three scoring metrics (task completion, task process, explanatory knowledge discovery) across all 24 DISCOVERY WORLD tasks. Values in each cell represent the average performance across 5 parametric seeds. Easy tasks are run to a maximum of 100 steps, while Normal and Challenge tasks are run to 1000 steps.
Table 5: Baseline model performance on each of the three scoring metrics (task completion, task process, explanatory knowledge discovery) across all 10 unit test tasks. Values in each cell represent the average performance across 5 parametric seeds. Unit tests tasks are run to a maximum of 100 steps.
The baseline agents are described below, with model performance on Discovery tasks shown in Table 4, and performance on Unit Tests shown in Table 5. We use the GPT-4O model for all our agents due to its higher performance and lower cost compared to other models. For space we provide...
In November 2023, the Financial Accounting Standards Board, or FASB, issued a new accounting standard requiring disclosures of significant expenses in operating segments. We adopted this standard in our fiscal year 2025 annual report. Refer to Note 16 of the Notes to the Consolidated Financial Statements in Part IV, Item 15 of this Annual Report on Form 10-K for further information.
Recent Accounting Pronouncements Not Yet Adopted
In December 2023, the FASB issued a new accounting standard which includes new and updated income tax disclosures, including disaggregation of information in the rate reconciliation and income taxes paid. We expect to adopt this standard in our fiscal year 2026 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.
In November 2024, the FASB issued a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each income statement expense caption, as applicable. We expect to adopt this standard in our fiscal year 2028 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.
Note 2 - Business Combination
Termination of the Arm Share Purchase Agreement
In February 2022, NVIDIA and SoftBank Group Corp, or SoftBank, announced the termination of the Share Purchase Agreement whereby NVIDIA would have acquired Arm from SoftBank. The parties agreed to terminate it due to significant regulatory challenges preventing the completion of the transaction. We recorded an acquisition termination cost of $1.4 billion in fiscal year 2023 reflecting the write-off of the prepayment provided at signing.
Note 3 - Stock-Based Compensation
Stock-based compensation expense is associated with RSUs, PSUs, market-based PSUs, and our ESPP.
Consolidated Statements of Income include stock-based compensation expense, net of amounts capitalized into inventory and subsequently recognized to cost of revenue, as follows:
In November 2023, the Financial Accounting Standards Board, or FASB, issued a new accounting standard requiring disclosures of significant expenses in operating segments. We adopted this standard in our fiscal year 2025 annual report. Refer to Note 16 of the Notes to the Consolidated Financial Statements in Part IV, Item 15 of this Annual Report on Form 10-K for further information.
Recent Accounting Pronouncements Not Yet Adopted
In December 2023, the FASB issued a new accounting standard which includes new and updated income tax disclosures, including disaggregation of information in the rate reconciliation and income taxes paid. We expect to adopt this standard in our fiscal year 2026 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.
In November 2024, the FASB issued a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each income statement expense caption, as applicable. We expect to adopt this standard in our fiscal year 2028 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.
Note 2 - Business Combination
Termination of the Arm Share Purchase Agreement
In February 2022, NVIDIA and SoftBank Group Corp, or SoftBank, announced the termination of the Share Purchase Agreement whereby NVIDIA would have acquired Arm from SoftBank. The parties agreed to terminate it due to significant regulatory challenges preventing the completion of the transaction. We recorded an acquisition termination cost of $1.4 billion in fiscal year 2023 reflecting the write-off of the prepayment provided at signing.
Note 3 - Stock-Based Compensation
Stock-based compensation expense is associated with RSUs, PSUs, market-based PSUs, and our ESPP.
Consolidated Statements of Income include stock-based compensation expense, net of amounts capitalized into inventory and subsequently recognized to cost of revenue, as follows:
| Year Ended | Jan 29, 2023 | Jan 28, 2024 | Jan 29, 2023 |
