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Financial Instruments (Tables)
 3 Months Ended
Apr. 30, 2025
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 April 30, 2025, and January 31, 2025:
April 30, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$750 $— $— $750 
Commercial paper 124 — — 124 
Certificates of deposit51 — — 51 
U.S. government securities39 — — 39 
Marketable securities:
Short-term
Corporate debt securities76 — — 76 
U.S. government securities66 — — 66 
Commercial paper36 — — 36 
Asset-backed securities23 — — 23 
Certificates of deposit10 — — 10 
Other (2)13 — — 13 
Long-term
Corporate debt securities92 1 — 93 
Asset-backed securities66 — — 66 
U.S. government securities59 1 — 60 
Agency mortgage-backed securities34 — — 34 
Other (3)8 — — 8 
Mutual funds (4) (5)112 9 (1)120 
Total$1,559 $11 $(1)$1,569 
___________________ 
(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 agency mortgage-backed securities, mortgage backed securities and U.S. government securities.
(3)Primarily consists of agency collateralized mortgage obligations and agency bonds.
(4)See Note 11, “Deferred Compensation” for more information.
(5)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.
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 securities 74 — — 74 
Asset-backed securities 19 — — 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 Condensed 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 11, “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 April 30, 2025:
Fair Value
Due within 1 year$194 
Due in 1 year through 5 years261 
Due in 5 years through 10 years16 
Due after 10 years14 
Total
$485 
Schedule of Marketable Securities
Proceeds from the sale and maturity of marketable debt securities were as follows:
Three Months Ended April 30,
20252024
Marketable debt securities$175 $262 
Schedule of Equity Securities Without Readily Determinable Fair Value
Adjustments to the carrying value of our strategic investment equity securities with no readily determined fair values measured using the measurement alternative are included in “Interest and other income, net” on the Company's Condensed Consolidated Statements of Operations. These adjustments were as follows:
 Three Months Ended April 30,Cumulative Amount as of
20252024April 30, 2025
Upward adjustments$— $— $29 
Negative adjustments, including impairments — — (122)
Net unrealized adjustments$— $— $(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 April 30, 2025, and January 31, 2025:
April 30, 2025
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$750 $— $— $750 
Commercial paper — 124 — 124 
Certificates of deposit— 51 — 51 
U.S. government securities— 39 — 39 
Marketable securities:
Short-term
Corporate debt securities— 76 — 76 
U.S. government securities— 66 — 66 
Commercial paper— 36 — 36 
Asset-backed securities— 23 — 23 
Certificates of deposit— 10 — 10 
Other (2)— 13 — 13 
Long-term
Corporate debt securities— 93 — 93 
Asset-backed securities— 66 — 66 
U.S. government securities— 60 — 60 
Agency mortgage-backed securities— 34 — 34 
Other (3)— 8 — 8 
Long-term other assets:
Mutual funds (4)(5)120 — — 120 
Derivative assets:
Derivative contract assets (5)— 29 — 29 
Derivative liabilities:
Derivative contract liabilities (6)— (57)— (57)
Total$870 $671 $— $1,541 
____________________ 
(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 agency mortgage-backed securities, mortgage backed securities and U.S. government securities.
(3)Primarily consists of agency collateralized mortgage obligations and agency bonds.
(4)See Note 11, “Deferred Compensation” for more information.
(5)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.
(6)Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.
January 31, 2025
Level 1Level 2Level 3Total
Assets:
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 Condensed 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 11, “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.