Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value of Investments

The fair value of these investments is as follows:

(Amounts in millions)	Fair Value as of January 31, 2025		Fair Value as of January 31, 2024
Equity investments measured using Level 1 inputs	$	959	$	2,835
Equity investments measured using Level 2 inputs	2,082		4,414
Total	$	3,041	$	7,249

Notional Amounts and Fair Values of Derivatives

As of January 31, 2025 and January 31, 2024, the notional amounts and fair values of these derivatives were as follows:

	January 31, 2025					January 31, 2024
(Amounts in millions)	Notional Amount		Fair Value			Notional Amount		Fair Value
Receive fixed-rate, pay variable-rate interest rate swaps designated as fair value hedges	$	4,771	$	(611)	(1)	$	6,271	$	(654)	(1)
Receive fixed-rate, pay fixed-rate cross-currency swaps designated as cash flow hedges	5,452		(1,388)		(1)	5,879		(1,302)		(1)
Total	$	10,223	$	(1,999)		$	12,150	$	(1,956)

(1)Primarily classified in deferred income taxes and other within the Company's Consolidated Balance Sheets.

Carrying Value and Fair Value of Long-Term Debt

The carrying value and fair value of the Company's long-term debt as of January 31, 2025 and 2024, are as follows:

	January 31, 2025				January 31, 2024
(Amounts in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt, including amounts due within one year	$	35,999	$	33,790	$	39,579	$	38,431