v3.24.1.1.u2
Financial Instruments (Tables)
 3 Months Ended
Apr. 30, 2024
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 April 30, 2024, and January 31, 2024:
April 30, 2024
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$592 $— $— $592 
Commercial paper 278 — — 278 
Certificates of deposit83 — — 83 
U.S. government securities12 — — 12 
Corporate debt securities 10 — — 10 
Marketable securities:
Short-term
Commercial paper141 — — 141 
Corporate debt securities73 — — 73 
U.S. government securities54 — — 54 
Asset-backed securities25 — — 25 
Other (2)15 — — 15 
Long-term
Corporate debt securities108 — (1)107 
Asset-backed securities62 — — 62 
Agency mortgage backed securities39 — (1)38 
U.S. government securities25 — (1)24 
Other (3)7 — — 7 
Mutual funds (4) (5)95 13 (1)107 
Total$1,619 $13 $(4)$1,628 
___________________ 
(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 discount bonds, mortgage-backed securities, agency bonds, and certificates of deposit.
(3)Consists of agency collateralized mortgage obligations, agency bonds, and mortgage-backed securities.
(4)See Note 12, “Deferred Compensation” for more information.
(5)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.
January 31, 2024
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$693 $— $— $693 
Commercial paper250 — — 250 
U.S government securities92 — — 92 
Certificates of deposit80 — — 80 
Other (2)6 — — 6 
Marketable securities:
Short-term
Commercial paper159 — — 159 
Corporate debt securities75 — — 75 
U.S. government securities 70 — — 70 
Asset-backed securities 28 — — 28 
Other (3)22 — — 22 
Long-term
Corporate debt securities103 1 — 104 
Asset backed securities59 — — 59 
Agency mortgage-backed securities36 ——36 
U.S. government securities24 — — 24 
Other (4)11 — — 11 
Mutual funds (5) (6)89 12 (1)100 
Total$1,797 $13 $(1)$1,809 
____________________ 
(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 mortgage-backed securities and corporate debt securities.
(3)Consists primarily of agency discount bonds, U.S. government securities, mortgage-backed securities, certificates of deposit, and agency bonds.
(4)Consists primarily of agency bonds, agency collateralized mortgage obligations, and mortgage-backed securities.
(5)See Note 12, “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 April 30, 2024:
Fair Value
Due within 1 year$276 
Due in 1 year through 5 years232 
Due in 5 years through 10 years13 
Due after 10 years25 
Total
$546 
Schedule of Marketable Securities
Proceeds from the sale and maturity of marketable debt securities were as follows:
Three Months Ended April 30,
20242023
Marketable debt securities$262 $163 
Schedule of Equity Securities Without Readily Determinable Fair Value
Adjustments to the carrying value of our strategic investment equity securities with no readily determined fair values measured using the measurement alternative are included in “Interest and other income, net” on the Company's Condensed Consolidated Statements of Operations. These adjustments were as follows:
 Three Months Ended April 30,Cumulative Amount as of
20242023April 30, 2024
Upward adjustments$— $— $29 
Negative adjustments, including impairments — — (114)
Net unrealized adjustments$— $— $(85)
Schedule of Fair Value, by Balance Sheet Grouping
The following tables summarize the Company's financial instruments measured at fair value on a recurring basis by significant investment category as of April 30, 2024, and January 31, 2024:  
April 30, 2024
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$592 $— $— $592 
Commercial paper — 278 — 278 
Certificates of deposit— 83 — 83 
U.S. government securities— 12 — 12 
Corporate debt securities — 10 — 10 
Marketable securities:
Short-term
Commercial paper— 141 — 141 
Corporate debt securities— 73 — 73 
U.S. government securities— 54 — 54 
Asset-backed securities— 25 — 25 
Other (2)— 15 — 15 
Long-term
Corporate debt securities— 107 — 107 
Asset-backed securities— 62 — 62 
Agency mortgage backed securities— 38 — 38 
U.S. government securities— 24 — 24 
Other (3)— 7 — 7 
Long-term other assets:
Mutual funds (4)(5)107 — — 107 
Derivative assets:
Derivative contract assets (5)— 19 — 19 
Derivative liabilities:
Derivative contract liabilities (6)— (14)— (14)
Total$699 $934 $— $1,633 
____________________ 
(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 discount bonds, mortgage-backed securities, agency bonds, and certificates of deposit.
(3)Consists of agency collateralized mortgage obligations, agency bonds, and mortgage-backed securities.
(4)See Note 12, “Deferred Compensation” for more information.
(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, 2024
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$693 $— $— $693 
Commercial paper— 250 — 250 
U.S government securities— 92 — 92 
Certificates of deposit— 80 — 80 
Other (2)— 6 — 6 
Marketable securities:
Short-term
Commercial paper— 159 — 159 
Corporate debt securities— 75 — 75 
U.S. government securities — 70 — 70 
Asset backed securities — 28 — 28 
Other (3)— 22 — 22 
Long-term
Corporate debt securities— 104 — 104 
Asset backed securities— 59 — 59 
Agency bonds— 36 — 36 
U.S. government securities— 24 — 24 
Other (4)— 11 — 11 
Long-term other assets:
Mutual funds (5) (6)100 — — 100 
Derivative assets:
Derivative contract assets (6)— 21 — 21 
Derivative liabilities:
Derivative contract liabilities (7)— (15)— (15)
Total$793 $1,022 $— $1,815 
____________________ 
(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 mortgage-backed securities and corporate debt securities.
(3)Consists primarily of agency discount bonds, U.S. government securities, mortgage-backed securities, certificates of deposit, and agency bonds.
(4)Consists primarily of agency bonds, agency collateralized mortgage obligations, and mortgage-backed securities.
(5)See Note 12, “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.