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Financial Instruments (Tables)
 12 Months Ended
Jan. 31, 2025
Investments, All Other Investments [Abstract]  
Schedule of Financial Instruments by Significant Investment Category
The following tables summarize the Company’s financial instruments by significant investment category as of January 31, 2025 and 2024.
January 31, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$618 $— $— $618 
Commercial paper85 — — 85 
Certificates of deposit38 — — 38 
U.S. government securities19 — — 19 
Other (2)4 — — 4 
Marketable securities:
Short-term
Commercial paper96 — — 96 
Corporate debt securities79 — 79 
U.S. government securities74 — — 74 
Asset backed securities19 — — 19 
Other (3)19 — 19 
Long-term
Corporate debt securities96 1 — 97 
Asset backed securities71 — — 71 
U.S. government securities52 — (1)51 
Agency mortgage-backed securities40 — — 40 
Other (4)8 — — 8 
Mutual funds (5) (6)106 12 — 118 
Total$1,424 $13 $(1)$1,436 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists primarily of corporate debt securities.
(3)Consists primarily of agency discount bonds, agency mortgage-backed securities, mortgage-backed securities, and US treasury bonds.
(4)Consists primarily of agency collateralized mortgage obligations and supranational bonds.
(5)See Note 7, "Deferred Compensation" for more information.
(6)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Consolidated Balance Sheets.
 
January 31, 2024
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$693 $— $— $693 
Commercial paper250 — — 250 
Certificates of deposit80 — — 80 
U.S. government securities92 — — 92 
Other (2)6 — — 6 
Marketable securities:
Short-term
Corporate debt securities
Commercial paper159 — — 159 
Corporate debt securities75 — 75 
U.S. government securities70 — — 70 
Asset backed securities28 — — 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 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 7, "Deferred Compensation" for more information.
(6)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying 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 January 31, 2025:
Fair Value
Due within 1 year$254 
Due in 1 year through 5 years267
Due in 5 years through 10 years15
Due after 10 years18
Total
$554 
Schedule of Marketable Securities
Proceeds from the sale and maturity of marketable debt securities were as follows:
 Fiscal Year Ended
202520242023
Marketable debt securities $861 $764 $450 
Schedule of Equity Securities without Readily Determinable Fair Value
Adjustments to the carrying value of our strategic investments in equity securities with no readily determined fair values measured using the measurement alternative are included in Interest and Other Income (Expense), net on the Company’s Consolidated Statements of Operations. These adjustments were as follows:
 Fiscal Year EndedCumulative Amount as of
202520242023January 31, 2025
Upward adjustments$— $— $6 $29 
Negative adjustments, including impairments(8)(28)(9)(122)
Net adjustments$(8)$(28)$(3)$(93)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables summarize the Company's financial instruments measured at fair value on a recurring basis by significant investment category as of January 31, 2025 and 2024:
January 31, 2025
Level 1Level 2Level 3Total
Cash equivalents (1):
Money market funds$618 $— $— $618 
Commercial paper— 85 — 85 
Certificates of deposit— 38 — 38 
U.S. government securities— 19 — 19 
Other (2)— 4 — 4 
Marketable securities:
Short-term
Commercial paper— 96 — 96 
Corporate debt securities— 79 — 79 
U.S. government securities— 74 — 74 
Asset backed securities— 19 — 19 
Other (3)— 19 — 19 
Long-term
Corporate debt securities— 97 — 97 
Asset backed securities— 71 — 71 
U.S. government securities— 51 — 51 
Agency bonds— 40 — 40 
Other (4)— 8 — 8 
Long-term other assets:
Mutual funds (5) (6)118 — — 118 
Derivative assets:
Derivative contract assets (6)— 28 — 28 
Derivative liabilities:
Derivative contract liabilities (7)— (22)— (22)
Total$736 $706 $— $1,442 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists primarily of corporate debt securities.
(3)Consists primarily of agency discount bonds, agency mortgage-backed securities, mortgage-backed securities, and US treasury bonds.
(4)Consists primarily of agency collateralized mortgage obligations and supranational bonds.
(5)See Note 7, "Deferred Compensation" for more information.
(6)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Consolidated Balance Sheets.
(7)Included in “Other accrued liabilities” in the accompanying Consolidated Balance Sheets.
   
January 31, 2024
Level 1Level 2Level 3Total
Cash equivalents (1):
Money market funds$693 $— $— $693 
Commercial paper— 250 — 250
Certificates of deposit— 80 — 80
U.S. government securities— 92 — 92
Other (2)— 6 — 6
Marketable securities:
Short-term
Corporate debt securities— 75 — 75
Commercial paper— 159 — 159
Asset backed securities— 28 — 28
U.S. government securities— 70 — 70
Other (3)— 22 — 22
Long-term
Agency bonds— 36 — 36
Corporate debt securities— 104 — 104
U.S. government securities— 24 — 24
Asset backed securities— 59 — 59
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 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 7, "Deferred Compensation" for more information.
(6)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Consolidated Balance Sheets.
(7)Included in “Other accrued liabilities” in the accompanying Consolidated Balance Sheets.