Debt (Tables)

9 Months Ended

Oct. 31, 2024

The components of the Company's borrowings were as follows (in millions):


Instrument	Date of Issuance	Maturity Date	Contractual Interest Rate		Outstanding Principal as of October 31, 2024	Carrying Value as of October 31, 2024		Carrying Value as of January 31, 2024


2024 Senior Notes (1)	July 2021	July 2024	0.625	%	0	0		999

2028 Senior Notes	April 2018	April 2028	3.70		1,500	1,495		1,495
2028 Senior Sustainability Notes	July 2021	July 2028	1.50		1,000	995		994
2031 Senior Notes	July 2021	July 2031	1.95		1,500	1,491		1,490
2041 Senior Notes	July 2021	July 2041	2.70		1,250	1,236		1,235
2051 Senior Notes	July 2021	July 2051	2.90		2,000	1,979		1,978
2061 Senior Notes	July 2021	July 2061	3.05		1,250	1,236		1,235
Total carrying value of debt					8,500	8,432		9,426
Less current portion of debt						0		(999)
Total noncurrent debt						$	8,432	$	8,427

(1) The Company repaid in full the 2024 Senior Notes in the second quarter of fiscal 2025.

Schedule of Future Principal Payments

The contractual future principal payments for all borrowings as of October 31, 2024 were as follows (in millions):


Fiscal Period:
Remaining three months of fiscal 2025	$	0
Fiscal 2026	0
Fiscal 2027	0
Fiscal 2028	0
Fiscal 2029	2,500
Thereafter	6,000
Total principal outstanding	$	8,500

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details