Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

May. 01, 2016

Notes to financial statements [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

		Fair Value at
	Pricing Category	May 1, 2016			January 31, 2016
		(In millions)
Assets
Cash equivalents and marketable securities:
Corporate debt securities (1)	Level 2	$	1,793		$	1,901
Debt securities of United States government agencies (2)	Level 2	$	1,028		$	1,170
Debt securities issued by United States Treasury (2)	Level 2	$	718		$	801
Asset-backed securities (2)	Level 2	$	381		$	435
Mortgage-backed securities issued by United States government-sponsored enterprises (2)	Level 2	$	188		$	231
Foreign government bonds (2)	Level 2	$	102		$	92
Money market funds (3)	Level 1	$	31		$	43
Liabilities
Current liability:
1.00% Convertible Senior Notes (4)	Level 2	$	2,675		$	2,273
Other noncurrent liability:
Interest rate swap (5)	Level 2	$	(8	)	$	(7	)

(1) Included $3 million and $51 million in cash equivalents as of May 1, 2016 and January 31, 2016, respectively, and $1.79 billion and $1.85 billion in marketable securities as of May 1, 2016 and January 31, 2016, respectively, on the Condensed Consolidated Balance Sheets.

(2) Reported in marketable securities on the Condensed Consolidated Balance Sheets.

(3) Reported in cash equivalents on the Condensed Consolidated Balance Sheets.

(4) The Notes are carried on our Condensed Consolidated Balance Sheets at their original issuance value, net of unamortized debt discount, and are not marked to fair value each period. See Note 11 of these Notes to Condensed Consolidated Financial Statements for additional information on the Notes.

(5) Please refer to Note 9 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding our interest rate swap.