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Financial Instruments (Tables)
 9 Months Ended
Oct. 31, 2024
Investments, All Other Investments [Abstract]  
Schedule of Company's Financial Instruments by Significant Investment Category
The following tables summarize the Company's financial instruments by significant investment category as of October 31, 2024, and January 31, 2024:
October 31, 2024
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$367 $— $— $367 
Commercial paper 200 — — 200 
Certificates of deposit92 — — 92 
U.S. government securities77 — — 77 
Other (2)2 — — 2 
Marketable securities:
Short-term
Commercial paper162 — — 162 
Corporate debt securities78 — — 78 
Asset-backed securities18 — — 18 
Other (3)18 — — 18 
Long-term
Corporate debt securities105 (1)104 
Asset-backed securities66 — — 66 
Agency mortgage-backed securities46 — — 46 
U.S. government securities44 (1)43 
Other (4)5 — — 5 
Mutual funds (5) (6)105 13 — 118 
Total$1,385 $13 $(2)$1,396 
___________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Primarily consists of corporate debt securities.
(3)Primarily consists of agency discount bonds, mortgage-backed securities, and U.S. government securities.
(4)Primarily consists of agency collateralized mortgage obligations and supranational bonds.
(5)See Note 12, “Deferred Compensation” for more information.
(6)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.
January 31, 2024
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$693 $— $— $693 
Commercial paper250 — — 250 
U.S government securities92 — — 92 
Certificates of deposit80 — — 80 
Other (2)6 — — 6 
Marketable securities:
Short-term
Commercial paper159 — — 159 
Corporate debt securities75 — — 75 
U.S. government securities 70 — — 70 
Asset-backed securities 28 — — 28 
Other (3)22 — — 22 
Long-term
Corporate debt securities103 1 — 104 
Asset backed securities59 — — 59 
Agency mortgage-backed securities36 ——36 
U.S. government securities24 — — 24 
Other (4)11 — — 11 
Mutual funds (5) (6)89 12 (1)100 
Total$1,797 $13 $(1)$1,809 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists primarily of mortgage-backed securities and corporate debt securities.
(3)Consists primarily of agency discount bonds, U.S. government securities, mortgage-backed securities, certificates of deposit, and agency bonds.
(4)Consists primarily of agency bonds, agency collateralized mortgage obligations, and mortgage-backed securities.
(5)See Note 12, “Deferred Compensation” for more information.
(6)Included in “Prepaid expenses and other current assets,” or “Long-term other assets,” in the accompanying Condensed Consolidated Balance Sheets.
Schedule of Investments Classified by Contractual Maturity Date
The following table summarizes the fair values of investments classified as marketable debt securities by contractual maturity date as of October 31, 2024:
Fair Value
Due within 1 year$247 
Due in 1 year through 5 years255 
Due in 5 years through 10 years16 
Due after 10 years22 
Total
$540 
Schedule of Marketable Securities
Proceeds from the sale and maturity of marketable debt securities were as follows:
Three Months Ended October 31,Nine Months Ended October 31,
2024202320242023
Marketable debt securities$168 $190 $690 $529 
Schedule of Equity Securities Without Readily Determinable Fair Value
Adjustments to the carrying value of our strategic investment equity securities with no readily determined fair values measured using the measurement alternative are included in “Interest and other income (expense), net” on the Company's Condensed Consolidated Statements of Operations. These adjustments were as follows:
 Nine Months Ended October 31,Cumulative Amount as of
20242023October 31, 2024
Upward adjustments$— $— $29 
Negative adjustments, including impairments (7)(21)(121)
Net unrealized adjustments$(7)$(21)$(92)
Schedule of Fair Value, by Balance Sheet Grouping
The following tables summarize the Company's financial instruments measured at fair value on a recurring basis by significant investment category as of October 31, 2024, and January 31, 2024:  
October 31, 2024
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$367 $— $— $367 
Commercial paper — 200 — 200 
Certificates of deposit— 92 — 92 
U.S. government securities— 77 — 77 
Other (2)— 2 — 2 
Marketable securities:
Short-term
Commercial paper— 162 — 162 
Corporate debt securities— 78 — 78 
Asset-backed securities— 18 — 18 
Other (3)— 18 — 18 
Long-term
Corporate debt securities— 104 — 104 
Asset-backed securities— 66 — 66 
Agency mortgage-backed securities— 46 — 46 
U.S. government securities— 43 — 43 
Other (4)— 5 — 5 
Long-term other assets:
Mutual funds (5)(6)118 — — 118 
Derivative assets:
Derivative contract assets (6)— 22 — 22 
Derivative liabilities:
Derivative contract liabilities (7)— (10)— (10)
Total$485 $923 $— $1,408 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Primarily consists of corporate debt securities.
(3)Primarily consists of agency discount bonds, mortgage-backed securities, and U.S. government securities.
(4)Primarily consists of agency collateralized mortgage obligations and supranational bonds.
(5)See Note 12, “Deferred Compensation” for more information.
(6)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.
(7)Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.
January 31, 2024
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$693 $— $— $693 
Commercial paper— 250 — 250 
U.S government securities— 92 — 92 
Certificates of deposit— 80 — 80 
Other (2)— 6 — 6 
Marketable securities:
Short-term
Commercial paper— 159 — 159 
Corporate debt securities— 75 — 75 
U.S. government securities — 70 — 70 
Asset backed securities — 28 — 28 
Other (3)— 22 — 22 
Long-term
Corporate debt securities— 104 — 104 
Asset backed securities— 59 — 59 
Agency bonds— 36 — 36 
U.S. government securities— 24 — 24 
Other (4)— 11 — 11 
Long-term other assets:
Mutual funds (5) (6)100 — — 100 
Derivative assets:
Derivative contract assets (6)— 21 — 21 
Derivative liabilities:
Derivative contract liabilities (7)— (15)— (15)
Total$793 $1,022 $— $1,815 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists primarily of mortgage-backed securities and corporate debt securities.
(3)Consists primarily of agency discount bonds, U.S. government securities, mortgage-backed securities, certificates of deposit, and agency bonds.
(4)Consists primarily of agency bonds, agency collateralized mortgage obligations, and mortgage-backed securities.
(5)See Note 12, “Deferred Compensation” for more information.
(6)Included in “Prepaid expenses and other current assets,” or “Long-term other assets,” in the accompanying Condensed Consolidated Balance Sheets.
(7)Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.