Fair Value Measurement (Tables)

6 Months Ended

Jul. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value an a Recurring Basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value as of July 31, 2020 and indicates the fair value hierarchy of the valuation (in millions):

Description	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of July 31, 2020
Cash equivalents (1):
Time deposits	$	0	$	858	$	0	$	858
Money market mutual funds	1,114		0		0		1,114
Marketable securities:
Corporate notes and obligations	0		2,959		0		2,959
U.S. treasury securities	0		160		0		160
Mortgage backed obligations	0		319		0		319
Asset backed securities	0		1,061		0		1,061
Municipal securities	0		297		0		297
Foreign government obligations	0		107		0		107
U.S. agency obligations	0		17		0		17
Covered bonds	0		311		0		311
Strategic investments:
Publicly held equity securities	864		0		0		864
Foreign currency derivative contracts (2)	0		107		0		107
Total assets	$	1,978	$	6,196	$	0	$	8,174
Liabilities:
Foreign currency derivative contracts (3)	0		94		0		94
Total liabilities	$	0	$	94	$	0	$	94

___________ 

(1) Included in “cash and cash equivalents” in the accompanying condensed consolidated balance sheet as of July 31, 2020, in addition to $2.1 billion of cash.

(2) Included in “prepaid expenses and other current assets” in the accompanying condensed consolidated balance sheet as of July 31, 2020.

(3) Included in “accounts payable, accrued expenses and other liabilities” in the accompanying condensed consolidated balance sheet as of July 31, 2020.

The following table presents information about the Company’s assets and liabilities that are measured at fair value as of January 31, 2020 and indicates the fair value hierarchy of the valuation (in millions):

Description	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of January 31, 2020
Cash equivalents (1):
Time deposits	$	0	$	746	$	0	$	746
Money market mutual funds	1,293		0		0		1,293
Marketable securities:
Corporate notes and obligations	0		2,207		0		2,207
U.S. treasury securities	0		183		0		183
Mortgage backed obligations	0		226		0		226
Asset backed securities	0		781		0		781
Municipal securities	0		158		0		158
Foreign government obligations	0		69		0		69
U.S. agency obligations	0		12		0		12
Time deposits	0		1		0		1
Covered bonds	0		165		0		165
Strategic investments:
Publicly held equity securities	370		0		0		370
Foreign currency derivative contracts (2)	0		28		0		28
Total assets	$	1,663	$	4,576	$	0	$	6,239
Liabilities:
Foreign currency derivative contracts (3)	0		24		0		24
Total liabilities	$	0	$	24	$	0	$	24

______________ 

(1) Included in “cash and cash equivalents” in the accompanying condensed consolidated balance sheet in addition to $2.1 billion of cash.

(2) Included in “prepaid expenses and other current assets” in the accompanying condensed consolidated balance sheet.

(3) Included in “accounts payable, accrued expenses and other liabilities” in the accompanying condensed consolidated balance sheet.