| Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
The following table presents information about the Company’s assets that were measured at fair value as of April 30, 2024 and indicates the fair value hierarchy of the valuation (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Description | Quoted Prices in
Active Markets
for Identical Assets
(Level 1) | | Significant Other
Observable
Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | Fair Value | | Cash equivalents (1): | | | | | | | | | Time deposits | $ | 0 | | | $ | 1,485 | | | $ | 0 | | | $ | 1,485 | | | Money market mutual funds | 5,652 | | | 0 | | | 0 | | | 5,652 | | | Cash equivalent securities | 0 | | | 1,046 | | | 0 | | | 1,046 | | | Marketable securities: | | | | | | | | | Corporate notes and obligations | 0 | | | 3,699 | | | 0 | | | 3,699 | | | U.S. treasury securities | 0 | | | 541 | | | 0 | | | 541 | | | Mortgage-backed obligations | 0 | | | 262 | | | 0 | | | 262 | | | Asset-backed securities | 0 | | | 1,645 | | | 0 | | | 1,645 | | | Municipal securities | 0 | | | 134 | | | 0 | | | 134 | | | | | | | | | | | Commercial paper | 0 | | | 1,223 | | | 0 | | | 1,223 | | | | | | | | | | | Covered bonds | 0 | | | 69 | | | 0 | | | 69 | | | Other | 0 | | | 139 | | | 0 | | | 139 | | | Strategic investments: | | | | | | | | | Equity securities | 83 | | | 0 | | | 0 | | | 83 | | | | | | | | | | | | | | | | | | | Total assets | $ | 5,735 | | | $ | 10,243 | | | $ | 0 | | | $ | 15,978 | | | | | | | | | | | | | | | | | | | | | | | | | |
(1) Included in “cash and cash equivalents” in the accompanying condensed consolidated balance sheets in addition to $1.8 billion of cash, as of April 30, 2024. The following table presents information about the Company’s assets that were measured at fair value as of January 31, 2024 and indicates the fair value hierarchy of the valuation (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Description | Quoted Prices in
Active Markets
for Identical Assets
(Level 1) | | Significant Other
Observable Inputs (Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | Fair Value | | Cash equivalents (1): | | | | | | | | | Time deposits | $ | 0 | | | $ | 1,337 | | | $ | 0 | | | $ | 1,337 | | | Money market mutual funds | 4,447 | | | 0 | | | 0 | | | 4,447 | | | Cash equivalent securities | 0 | | | 493 | | | 0 | | | 493 | | | Marketable securities: | | | | | | | | | Corporate notes and obligations | 0 | | | 2,978 | | | 0 | | | 2,978 | | | U.S. treasury securities | 0 | | | 575 | | | 0 | | | 575 | | | Mortgage-backed obligations | 0 | | | 236 | | | 0 | | | 236 | | | Asset-backed securities | 0 | | | 1,379 | | | 0 | | | 1,379 | | | Municipal securities | 0 | | | 136 | | | 0 | | | 136 | | | Commercial paper | 0 | | | 213 | | | 0 | | | 213 | | | Covered bonds | 0 | | | 78 | | | 0 | | | 78 | | | Other | 0 | | | 127 | | | 0 | | | 127 | | | Strategic investments: | | | | | | | | | Equity securities | 80 | | | 0 | | | 0 | | | 80 | | | | | | | | | | | | | | | | | | | Total assets | $ | 4,527 | | | $ | 7,552 | | | $ | 0 | | | $ | 12,079 | |
(1) Included in “cash and cash equivalents” in the accompanying condensed consolidated balance sheets in addition to $2.2 billion of cash, as of January 31, 2024.
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