The following table presents information about the Company’s assets that were measured at fair value as of July 31, 2026 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	$	1,914	$	0	$	1,914
Money market mutual funds	3,479		0		0		3,479
Cash equivalent securities	0		937		0		937
Marketable securities:
Corporate notes and obligations	0		1,564		0		1,564
U.S. treasury securities	0		740		0		740
Mortgage-backed obligations	0		35		0		35
Asset-backed securities	0		562		0		562
Municipal securities	0		18		0		18

Commercial paper	0		104		0		104


Other	0		70		0		70
Strategic investments:
Equity securities	0		0		0		0

Foreign currency derivative contracts	0		98		0		98
Total assets	$	3,479	$	6,042	$	0	$	9,521
Liabilities:
Foreign currency derivative contracts	0		155		0		155
Total liabilities	$	0	$	155	$	0	$	155

The following table presents information about the Company’s assets that were measured at fair value as of January 31, 2026 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	$	1,393	$	0	$	1,393
Money market mutual funds	3,204		0		0		3,204
Cash equivalent securities	0		567		0		567
Marketable securities:
Corporate notes and obligations	0		1,353		0		1,353
U.S. treasury securities	0		170		0		170
Mortgage-backed obligations	0		31		0		31
Asset-backed securities	0		622		0		622
Municipal securities	0		17		0		17
Commercial paper	0		30		0		30

Other	0		15		0		15
Strategic investments:
Equity securities	5		0		0		5


Total assets	$	3,209	$	4,198	$	0	$	7,407