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 January 31, 2026 (in millions):


	Level 1		Level 2		Level 3		Total
U.S. treasury securities	$	1,831	$	0	$	0	$	1,831
U.S. agency obligations	0		266		0		266
Corporate bonds	0		1,896		0		1,896
Commercial paper	0		164		0		164
Asset-backed securities	0		157		0		157
Supranational securities	0		26		0		26
Money market funds	694		0		0		694
Foreign currency derivative assets	0		21		0		21
Total assets	$	2,525	$	2,530	$	0	$	5,055
Foreign currency derivative liabilities	$	0	$	148	$	0	$	148
Total liabilities	$	0	$	148	$	0	$	148


	Level 1		Level 2		Level 3		Total
U.S. treasury securities	$	2,072	$	0	$	0	$	2,072
U.S. agency obligations	0		636		0		636
Corporate bonds	0		3,540		0		3,540
Commercial paper	0		294		0		294
Asset-backed securities	0		104		0		104
Supranational securities	0		5		0		5
Money market funds	988		0		0		988
Foreign currency derivative assets	0		112		0		112
Total assets	$	3,060	$	4,691	$	0	$	7,751
Foreign currency derivative liabilities	$	0	$	26	$	0	$	26
Total liabilities	$	0	$	26	$	0	$	26