v3.26.1
Financial Instruments (Tables)
 3 Months Ended
Apr. 30, 2026
Investments, All Other Investments [Abstract]  
Schedule of Financial Instruments by Significant Investment Category
The following tables summarize the Company's financial instruments by significant investment category as of April 30, 2026, and January 31, 2026:
April 30, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$1,349 $— $— $1,349 
Commercial paper 213 — — 213 
Certificates of deposit73 — — 73 
U.S. government securities138 — — 138 
Agency discount notes2 — — 2 
Marketable securities:
Short-term
Commercial paper112 — — 112 
Corporate debt securities82 — — 82 
U.S. government securities13 — — 13 
Asset-backed securities29 — — 29 
Certificates of deposit5 — — 5 
Other (2)12 — — 12 
Long-term
Corporate debt securities164 — — 164 
Asset-backed securities81 — — 81 
U.S. government securities97 — (1)96 
Agency mortgage-backed securities23 — — 23 
Agency bonds11 — — 11 
Other (3)10 — — 10 
Mutual funds (4) 145 — — 145 
Total$2,559 $— $(1)$2,558 
___________________ 
(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 mortgage backed securities.
(3)Primarily consists of sovereign government bonds.
(4)Investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans, $14 million was classified as current in “Prepaid expenses and other current assets” and $131 million was classified as non-current in “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets. The liability balance was $146 million in the accompanying Condensed Consolidated Balance Sheets.

January 31, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$1,107 $— $— $1,107 
Commercial paper163 — — 163 
Certificates of deposit54 — — 54 
U.S government securities96 — — 96 
Other (2)1 — — 1 
Marketable securities:
Short-term
Commercial paper155 — — 155 
Corporate debt securities66 — — 66 
U.S government securities67 — — 67 
Asset-backed securities25 — — 25 
Certificates of deposit16 — — 16 
Other (3)19 — — 19 
Long-term
Corporate debt securities156 1 — 157 
Asset backed securities85 — — 85 
U.S. government securities83 — — 83 
Agency mortgage-backed securities23 — — 23 
Other (4)28 — — 28 
Mutual funds (5) 117 20 — 137 
Total$2,261 $21 $— $2,282 
____________________ 
(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 corporate debt securities.
(3)Consists primarily of agency mortgage-backed securities and agency discount bonds.
(4)Consists primarily of agency bonds and sovereign government bonds.
(5)Investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans, $14 million was classified as current in “Prepaid expenses and other current assets” and $123 million was classified as non-current in “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets. The liability balance was $137 million 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, 2026:
Fair Value
Due within 1 year$213 
Due after 1 year through 5 years403 
Due after 5 years through 10 years17 
Due after 10 years5 
Total
$638 
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
20262025April 30, 2026
Upward adjustments$60 $— $89 
Negative adjustments, including impairments (1)— (141)
Net unrealized adjustments$59 $— $(52)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
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, 2026, and January 31, 2026:
April 30, 2026
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$1,349 $— $— $1,349 
Commercial paper — 213 — 213 
Certificates of deposit— 73 — 73 
U.S. government securities— 138 — 138 
Agency discount notes— 2 — 2 
Marketable securities:
Short-term
Commercial paper— 112 — 112 
Corporate debt securities— 82 — 82 
U.S. government securities— 13 — 13 
Asset-backed securities— 29 — 29 
Certificates of deposit— 5 — 5 
Other (2)— 12 — 12 
Long-term
Corporate debt securities— 164 — 164 
Asset-backed securities— 81 — 81 
U.S. government securities— 96 — 96 
Agency mortgage-backed securities— 23 — 23 
Agency bonds— 11 — 11 
Other (3)— 10 — 10 
Long-term other assets:
Mutual funds (4)145 — — 145 
Derivative assets:
Derivative contract assets (5)— 25 — 25 
Derivative liabilities:
Derivative contract liabilities (6)— (22)— (22)
Total$1,494 $1,067 $— $2,561 
____________________ 
(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 mortgage backed securities.
(3)Primarily consists of sovereign government bonds.
(4)Investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans with a corresponding deferred compensation liability. Included in “Prepaid expenses and other current assets”, “Long-term other assets”, “Accrued compensation”, and “Long-term other liabilities,” in the accompanying Condensed Consolidated Balance Sheets.
(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, 2026
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$1,107 $— $— $1,107 
Commercial paper— 163 — 163 
Certificates of deposit— 54 — 54 
U.S government securities— 96 — 96 
Other (2)— 1 — 1 
Marketable securities:
Short-term
Commercial paper— 155 — 155 
Corporate debt securities— 66 — 66 
U.S government securities— 67 — 67 
Asset-backed securities— 25 — 25 
Certificates of deposit— 16 — 16 
Other (3)— 19 — 19 
Long-term
Corporate debt securities— 157 — 157 
Asset backed securities— 85 — 85 
U.S. government securities— 83 — 83 
Agency mortgage-backed securities— 23 — 23 
Other (4)— 28 — 28 
Long-term other assets:
Mutual funds (5) 137 — — 137 
Derivative assets:
Derivative contract assets (6)— 26 — 26 
Derivative liabilities:
Derivative contract liabilities (7)— (28)— (28)
Total$1,244 $1,036 $— $2,280 
____________________ 
(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 corporate debt securities.
(3)Consists primarily of agency mortgage-backed securities and agency discount notes.
(4)Consists primarily of agency bonds and sovereign government bonds.
(5)Investments in debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans with a corresponding deferred compensation liability. Included in “Prepaid expenses and other current assets”, “Long-term other assets”, “Accrued compensation”, and “Long-term other liabilities,” in the accompanying Condensed Consolidated Balance Sheets.
(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.