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Financial Instruments (Tables)
 6 Months Ended
Jul. 31, 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 July 31, 2025, and January 31, 2025:
July 31, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$1,095 $— $— $1,095 
Commercial paper 85 — — 85 
Certificates of deposit44 — — 44 
U.S. government securities50 — — 50 
Other (2)1 — — 1 
Marketable securities:
Short-term
Corporate debt securities53 — — 53 
U.S. government securities71 — — 71 
Commercial paper55 — — 55 
Asset-backed securities20 — — 20 
Certificates of deposit18 — — 18 
Agency mortgage-backed securities11 — — 11 
Other (3)5 — — 5 
Long-term
Corporate debt securities113 1 — 114 
Asset-backed securities72 — — 72 
U.S. government securities60 — — 60 
Agency mortgage-backed securities29 — — 29 
Other (4)7 — — 7 
Mutual funds (5) (6)112 18 — 130 
Total$1,901 $19 $— $1,920 
___________________ 
(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 asset backed securities.
(3)Primarily consists of U.S. treasury bonds and agency bonds.
(4)Primarily consists of agency collateralized mortgage obligations, supranational bonds, and sovereign government 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.
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 U.S. 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 July 31, 2025:
Fair Value
Due within 1 year$206 
Due in 1 year through 5 years286 
Due in 5 years through 10 years15 
Due after 10 years8 
Total
$515 
Schedule of Marketable Securities
Proceeds from the sale and maturity of marketable debt securities were as follows:
Three Months Ended July 31,Six Months Ended July 31,
2025202420252024
Marketable debt securities$178 $168 $353 $430 
Schedule of Equity Securities Without Readily Determinable Fair Value
Adjustments to the carrying value of our strategic investment equity securities with no readily determined fair values measured using the measurement alternative are included in “Interest and other income, net” on the Company's Condensed Consolidated Statements of Operations. These adjustments were as follows:
 Six Months Ended July 31,Cumulative Amount as of
20252024July 31, 2025
Upward adjustments$— $— $29 
Negative adjustments, including impairments (1)(6)(123)
Net unrealized adjustments$(1)$(6)$(94)
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 July 31, 2025, and January 31, 2025:
July 31, 2025
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$1,095 $— $— $1,095 
Commercial paper — 85 — 85 
Certificates of deposit— 44 — 44 
U.S. government securities— 50 — 50 
Other (2)— 1 — 1 
Marketable securities:
Short-term
Corporate debt securities— 53 — 53 
U.S. government securities— 71 — 71 
Commercial paper— 55 — 55 
Asset-backed securities— 20 — 20 
Certificates of deposit— 18 — 18 
Agency mortgage-backed securities— 11 — 11 
Other (3)— 5 — 5 
Long-term
Corporate debt securities— 114 — 114 
Asset-backed securities— 72 — 72 
U.S. government securities— 60 — 60 
Agency mortgage-backed securities— 29 — 29 
Other (4)— 7 — 7 
Long-term other assets:
Mutual funds (5)(6)130 — — 130 
Derivative assets:
Derivative contract assets (6)— 33 — 33 
Derivative liabilities:
Derivative contract liabilities (7)— (30)— (30)
Total$1,225 $698 $— $1,923 
____________________ 
(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 asset backed securities.
(3)Primarily consists of U.S. treasury bonds and agency bonds.
(4)Primarily consists of agency collateralized mortgage obligations, supranational bonds, and sovereign government 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.
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 U.S. 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.