v3.23.1
Debt
 3 Months Ended
Apr. 30, 2023
Debt Disclosure [Abstract]  
Debt Debt
Long-Term Debt
The carrying value of our outstanding notes, the calendar year of maturity, and the associated interest rates were as follows:
Carrying Value at
Expected
Remaining Term (years)		Effective
Interest Rate		April 30, 2023January 29, 2023
(In millions)
0.309% Notes Due 2023
0.10.41%$1,250 $1,250 
0.584% Notes Due 2024
1.10.66%1,250 1,250 
3.20% Notes Due 2026
3.43.31%1,000 1,000 
1.55% Notes Due 2028
5.11.64%1,250 1,250 
2.85% Notes Due 2030
6.92.93%1,500 1,500 
2.00% Notes Due 2031
8.12.09%1,250 1,250 
3.50% Notes Due 2040
16.93.54%1,000 1,000 
3.50% Notes Due 2050
26.93.54%2,000 2,000 
3.70% Notes Due 2060
36.93.73%500 500 
Unamortized debt discount and issuance costs(46)(47)
Net carrying amount10,954 10,953 
Less short-term portion(1,250)(1,250)
Total long-term portion$9,704 $9,703 
All our notes are unsecured senior obligations. All existing and future liabilities of our subsidiaries will be effectively senior to the notes. Our notes pay interest semi-annually. We may redeem each of our notes prior to maturity, subject to a make-whole premium as defined in the applicable form of note.
As of April 30, 2023, we were in compliance with the required covenants, which are non-financial in nature, under the outstanding notes.
Commercial Paper
We have a $575 million commercial paper program to support general corporate purposes. As of April 30, 2023, we had not issued any commercial paper.