Fair Value Measurement (Tables)

6 Months Ended

Jul. 31, 2025

Fair Value Disclosures [Abstract]

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

The following table presents information about the Company’s assets that were measured at fair value as of July 31, 2025 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)		Fair Value
Cash equivalents (1):
Time deposits	$	0	$	2,013	$	0	$	2,013
Money market mutual funds	5,800		0		0		5,800
Cash equivalent securities	0		274		0		274
Marketable securities:
Corporate notes and obligations	0		2,673		0		2,673
U.S. treasury securities	0		526		0		526
Mortgage-backed obligations	0		141		0		141
Asset-backed securities	0		1,192		0		1,192
Municipal securities	0		68		0		68
Commercial paper	0		255		0		255
Covered bonds	0		19		0		19
Other	0		133		0		133
Strategic investments:
Equity securities	84		0		0		84
Total assets	$	5,884	$	7,294	$	0	$	13,178

(1) Included in “cash and cash equivalents” in the accompanying condensed consolidated balance sheets in addition to $2.3 billion of cash, as of July 31, 2025.

The following table presents information about the Company’s assets that were measured at fair value as of January 31, 2025 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)		Fair Value
Cash equivalents (1):
Time deposits	$	0	$	1,698	$	0	$	1,698
Money market mutual funds	4,373		0		0		4,373
Cash equivalent securities	0		686		0		686
Marketable securities:
Corporate notes and obligations	0		2,557		0		2,557
U.S. treasury securities	0		542		0		542
Mortgage-backed obligations	0		122		0		122
Asset-backed securities	0		1,217		0		1,217
Municipal securities	0		107		0		107
Commercial paper	0		506		0		506
Covered bonds	0		27		0		27
Other	0		106		0		106
Strategic investments:
Equity securities	69		0		0		69
Total assets	$	4,442	$	7,568	$	0	$	12,010

(1) Included in “cash and cash equivalents” in the accompanying condensed consolidated balance sheets in addition to $2.1 billion of cash, as of January 31, 2025.