v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jul. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Outstanding Derivative Instruments
The fair values of outstanding derivative instruments were as follows (in millions):
Condensed Consolidated Balance Sheets LocationJuly 31, 2026January 31, 2026
Derivative assets:
Cash flow hedgesPrepaid expenses and other current assets$21 $15 
Cash flow hedgesOther assets18 2 
Non-designated hedgesPrepaid expenses and other current assets5 4 
Total derivative assets$44 $21 
Derivative liabilities:
Cash flow hedgesAccrued expenses and other current liabilities$51 $71 
Cash flow hedgesOther liabilities35 65 
Non-designated hedgesAccrued expenses and other current liabilities8 12 
Total derivative liabilities$94 $148 
Schedule of Cash Flow Hedges Gain (Loss)
The effect of cash flow hedges on the Condensed Consolidated Statements of Operations was as follows (in millions):
Three Months Ended July 31,
Condensed Consolidated Statements of Operations Location20262025
TotalGains (losses) related to cash flow hedgesTotalGains (losses) related to cash flow hedges
Revenues$2,649 $(12)$2,348 $8 
Costs and expenses2,336 (2)2,100 6 
Six Months Ended July 31,
Condensed Consolidated Statements of Operations Location20262025
TotalGains (losses) related to cash flow hedgesTotalGains (losses) related to cash flow hedges
Revenues$5,191 $(21)$4,588 $16 
Costs and expenses4,540 0 4,301 0 
Pre-tax gains (losses) associated with cash flow hedges were as follows (in millions):
Condensed Consolidated Statements of Operations and Statements of Comprehensive Income LocationsThree Months Ended July 31, Six Months Ended July 31,
2026202520262025
Gains (losses) recognized in OCINet change in unrealized gains (losses) on cash flow hedges$37 $(2)$58 $(164)
Gains (losses) reclassified from AOCI into income (effective portion)Revenues(12)8 (21)16 
Gains (losses) reclassified from AOCI into income (effective portion)Costs and expenses(2)6 0 0 
Losses associated with non-designated hedges were as follows (in millions):
Condensed Consolidated Statements of Operations LocationThree Months Ended July 31, Six Months Ended July 31,
2026202520262025
Losses related to non-designated hedges
Other income, net
$(10)$(12)$(14)$(12)