Investments (Tables)

12 Months Ended

Jan. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Marketable Securities

At January 31, 2022, marketable securities consisted of the following (in millions):

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Corporate notes and obligations	$	3,153	$	2	$	(34)	$	3,121
U.S. treasury securities	205		0		(3)		202
Mortgage-backed obligations	229		0		(4)		225
Asset-backed securities	1,056		0		(5)		1,051
Municipal securities	225		0		(2)		223
Commercial paper	27		0		0		27
Covered bonds	212		0		(2)		210
Other	14		0		0		14
Total marketable securities	$	5,121	$	2	$	(50)	$	5,073

At January 31, 2021, marketable securities consisted of the following (in millions):

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Corporate notes and obligations	$	3,321	$	20	$	0	$	3,341
U.S. treasury securities	205		1		0		206
Mortgage-backed obligations	382		5		0		387
Asset-backed securities	1,096		6		(1)		1,101
Municipal securities	242		2		0		244
Covered bonds	328		0		0		328
Other	164		0		0		164
Total marketable securities	$	5,738	$	34	$	(1)	$	5,771

Schedule of Short-Term and Long-Term Marketable Securities

The contractual maturities of the investments classified as marketable securities were as follows (in millions):

	As of
	January 31, 2022		January 31, 2021
Due within 1 year	$	2,161	$	2,525
Due in 1 year through 5 years	2,899		3,236
Due in 5 years through 10 years	13		10
	$	5,073	$	5,771

Schedules of Strategic Investments

Strategic investments by form and measurement category as of January 31, 2022 were as follows (in millions):

	Measurement Category
	Fair Value		Measurement Alternative		Other		Total
Equity securities	$	370	$	4,204	$	122	$	4,696
Debt securities and other investments	0		0		88		88
Balance as of January 31, 2022	$	370	$	4,204	$	210	$	4,784

Strategic investments by form and measurement category as of January 31, 2021 were as follows (in millions):

	Measurement Category
	Fair Value		Measurement Alternative		Other		Total
Equity securities	$	2,068	$	1,670	$	120	$	3,858
Debt securities and other investments	0		0		51		51
Balance as of January 31, 2021	$	2,068	$	1,670	$	171	$	3,909

The components of gains and losses on strategic investments were as follows (in millions):

4	Fiscal Year Ended January 31,
	2022		2021		2020
Unrealized gains (losses) recognized on publicly traded equity securities, net	$	(241)	$	1,743	$	138
Unrealized gains recognized on privately held equity securities, net	1,210		184		270
Impairments on privately held equity and debt securities	(51)		(124)		(76)
Unrealized gains, net	918		1,803		332
Realized gains on sales of securities, net	293		367		95
Gains on strategic investments, net	$	1,211	$	2,170	$	427