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Financial Instruments (Tables)
 6 Months Ended
Jul. 31, 2026
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 July 31, 2026, and January 31, 2026:
July 31, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$280 $— $— $280 
Certificates of deposit83 — — 83 
U.S. government securities160 — — 160 
Marketable securities:
Short-term
Commercial paper30 — — 30 
Corporate debt securities11 — — 11 
Asset-backed securities12 — — 12 
Other (2)4 — — 4 
Long-term
Corporate debt securities58 — — 58 
Asset-backed securities37 — — 37 
U.S. government securities81 — (1)80 
Agency mortgage-backed securities24 — — 24 
Other (3)3 — — 3 
Mutual funds (4) 146 — — 146 
Total$929 $— $(1)$928 
___________________ 
(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.
(3)Primarily consists of agency commercial mortgage obligations.
(4)Investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans, $14 million was classified as current in “Prepaid expenses and other current assets” and $132 million was classified as non-current in “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets. The liability balance was $150 million in the accompanying Condensed Consolidated Balance Sheets.
January 31, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$1,107 $— $— $1,107 
Commercial paper163 — — 163 
Certificates of deposit54 — — 54 
U.S government securities96 — — 96 
Other (2)1 — — 1 
Marketable securities:
Short-term
Commercial paper155 — — 155 
Corporate debt securities66 — — 66 
U.S government securities67 — — 67 
Asset-backed securities25 — — 25 
Certificates of deposit16 — — 16 
Other (3)19 — — 19 
Long-term
Corporate debt securities156 1 — 157 
Asset backed securities85 — — 85 
U.S. government securities83 — — 83 
Agency mortgage-backed securities23 — — 23 
Other (4)28 — — 28 
Mutual funds (5) 117 20 — 137 
Total$2,261 $21 $— $2,282 
____________________ 
(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 mortgage-backed securities and agency discount bonds.
(4)Consists primarily of agency bonds and sovereign government bonds.
(5)Investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans, $14 million was classified as current in “Prepaid expenses and other current assets” and $123 million was classified as non-current in “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets. The liability balance was $137 million 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, 2026:
Fair Value
Due within 1 year$45 
Due after 1 year through 5 years197 
Due after 5 years through 10 years14 
Due after 10 years3 
Total
$259 
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:
Six Months Ended July 31,Cumulative Amount as of
20262025July 31, 2026
Upward adjustments$60 $— $89 
Negative adjustments, including impairments (15)(1)(155)
Net unrealized adjustments$45 $(1)$(66)
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, 2026, and January 31, 2026:
July 31, 2026
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$280 $— $— $280 
Certificates of deposit— 83 — 83 
U.S. government securities— 160 — 160 
Marketable securities:
Short-term
Commercial paper— 30 — 30 
Corporate debt securities— 11 — 11 
Asset-backed securities— 12 — 12 
Other (2)— 4 — 4 
Long-term
Corporate debt securities— 58 — 58 
Asset-backed securities— 37 — 37 
U.S. government securities— 80 — 80 
Agency mortgage-backed securities— 24 — 24 
Other (3)— 3 — 3 
Long-term other assets:
Mutual funds (4)146 — — 146 
Derivative assets:
Derivative contract assets (5)— 24 — 24 
Derivative liabilities:
Derivative contract liabilities (6)— (25)— (25)
Total$426 $501 $— $927 
____________________ 
(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.
(3)Primarily consists of agency commercial mortgage obligations.
(4)Investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans with a corresponding deferred compensation liability. Included in “Prepaid expenses and other current assets”, “Long-term other assets”, “Accrued compensation”, and “Long-term other liabilities,” in the accompanying Condensed Consolidated Balance Sheets.
(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, 2026
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$1,107 $— $— $1,107 
Commercial paper— 163 — 163 
Certificates of deposit— 54 — 54 
U.S government securities— 96 — 96 
Other (2)— 1 — 1 
Marketable securities:
Short-term
Commercial paper— 155 — 155 
Corporate debt securities— 66 — 66 
U.S government securities— 67 — 67 
Asset-backed securities— 25 — 25 
Certificates of deposit— 16 — 16 
Other (3)— 19 — 19 
Long-term
Corporate debt securities— 157 — 157 
Asset backed securities— 85 — 85 
U.S. government securities— 83 — 83 
Agency mortgage-backed securities— 23 — 23 
Other (4)— 28 — 28 
Long-term other assets:
Mutual funds (5) 137 — — 137 
Derivative assets:
Derivative contract assets (6)— 26 — 26 
Derivative liabilities:
Derivative contract liabilities (7)— (28)— (28)
Total$1,244 $1,036 $— $2,280 
____________________ 
(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 mortgage-backed securities and agency discount notes.
(4)Consists primarily of agency bonds and sovereign government bonds.
(5)Investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans with a corresponding deferred compensation liability. Included in “Prepaid expenses and other current assets”, “Long-term other assets”, “Accrued compensation”, and “Long-term other liabilities,” in the accompanying Condensed Consolidated Balance Sheets.
(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.