The following table presents information about the Company’s assets that were measured at fair value as of April 30, 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	$	993	$	0	$	993
Money market mutual funds	5,672		0		0		5,672
Cash equivalent securities	0		161		0		161
Marketable securities:
Corporate notes and obligations	0		1,467		0		1,467
U.S. treasury securities	0		673		0		673
Mortgage-backed obligations	0		32		0		32
Asset-backed securities	0		551		0		551
Municipal securities	0		29		0		29

Commercial paper	0		94		0		94

Covered bonds	0		1		0		1
Other	0		55		0		55
Strategic investments:
Equity securities	3		0		0		3

Foreign currency derivative contracts	0		143		0		143
Total assets	$	5,675	$	4,199	$	0	$	9,874
Liabilities:
Foreign currency derivative contracts	0		124		0		124
Total liabilities	$	0	$	124	$	0	$	124

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
Covered bonds	0		1		0		1
Other	0		14		0		14
Strategic investments:
Equity securities	5		0		0		5


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