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 | |
(1) Included in “cash and cash equivalents” in the accompanying condensed consolidated balance sheets, in addition to $2.0 billion of cash, as of July 31, 2026. 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 | |
(1) Included in “cash and cash equivalents” in the accompanying condensed consolidated balance sheets in addition to $2.2 billion of cash, as of January 31, 2026.
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