The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis and their assigned levels within the valuation hierarchy as of July 31, 2023 (in thousands):


	Level 1		Level 2		Level 3		Total
U.S. treasury securities	$	2,567,260	$	—	$	—	$	2,567,260
U.S. agency obligations	—		540,606		—		540,606
Corporate bonds	—		1,635,530		—		1,635,530
Commercial paper	—		1,184,790		—		1,184,790
Money market funds	447,869		—		—		447,869
Marketable equity investments	56,302		—		—		56,302
Foreign currency derivative assets	—		47,191		—		47,191
Total assets	$	3,071,431	$	3,408,117	$	—	$	6,479,548
Foreign currency derivative liabilities	$	—	$	38,943	$	—	$	38,943
Total liabilities	$	—	$	38,943	$	—	$	38,943


	Level 1		Level 2		Level 3		Total
U.S. treasury securities	$	2,449,051	$	—	$	—	$	2,449,051
U.S. agency obligations	—		321,790		—		321,790
Corporate bonds	—		961,703		—		961,703
Commercial paper	—		1,016,636		—		1,016,636
Money market funds	902,226		—		—		902,226
Marketable equity investments	80,766		—		—		80,766
Foreign currency derivative assets	—		64,824		—		64,824
Total assets	$	3,432,043	$	2,364,953	$	—	$	5,796,996
Foreign currency derivative liabilities	$	—	$	33,972	$	—	$	33,972
Total liabilities	$	—	$	33,972	$	—	$	33,972