FAIR VALUE MEASUREMENTS AND INVESTMENTS (Tables)

3 Months Ended

May 01, 2020

Hierarchy for assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of the dates indicated:



	May 1, 2020								January 31, 2020
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs				Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(in millions)
Assets:
Cash and cash equivalents:
Money market funds	$	7,981	$	—	$	—	$	7,981	$	4,621	$	—	$	—	$	4,621
Equity and other securities	3		—		—		3		12		—		—		12
Derivative instruments	—		352		—		352		—		81		—		81
Total assets	$	7,984	$	352	$	—	$	8,336	$	4,633	$	81	$	—	$	4,714
Liabilities:
Derivative instruments	$	—	$	114	$	—	$	114	$	—	$	68	$	—	$	68
Total liabilities	$	—	$	114	$	—	$	114	$	—	$	68	$	—	$	68

Carrying value and estimated fair value of outstanding debt

Carrying Value and Estimated Fair Value of Outstanding Debt — The following table presents the carrying value and estimated fair value of the Company’s outstanding debt as described in Note 6 of the Notes to the Condensed Consolidated Financial Statements, including the current portion, as of the dates indicated:



	May 1, 2020				January 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in billions)
Senior Secured Credit Facilities	$	8.7	$	8.6	$	8.8	$	9.0
First Lien Notes	$	22.8	$	24.8	$	20.5	$	23.9
Unsecured Notes and Debentures	$	1.2	$	1.4	$	1.2	$	1.5
Senior Notes	$	2.6	$	2.8	$	2.6	$	2.8
EMC Notes	$	1.6	$	1.6	$	1.6	$	1.6
VMware Notes and VMware Term Loan Facility	$	7.5	$	7.7	$	5.5	$	5.6
Margin Loan Facility	$	4.0	$	3.9	$	4.0	$	3.9

Investments

The following table presents the carrying value of the Company’s strategic investments in publicly-traded and privately-held companies as of the dates indicated:



	May 1, 2020									January 31, 2020
	Cost		Unrealized Gain		Unrealized (Loss)			Carrying Value		Cost		Unrealized Gain		Unrealized (Loss)			Carrying Value
	(in millions)
Equity and other securities	$	904	$	83	$	(13	)	$	974	$	783	$	116	$	(35	)	$	864