Borrowing Arrangements (Tables)

6 Months Ended

Jul. 31, 2026

The outstanding borrowings under our Senior Notes as of July 31, 2026, were as follows:


Instrument	Date of Issuance	Principal Outstanding		Fair value
5.30% senior notes due June 15, 2035	June 2025	$	500	$	490
2.40% senior notes due December 15, 2031	October 2021	1,000		869
2.85% senior notes due January 15, 2030	January 2020	500		467
3.50% senior notes due June 15, 2027	June 2017	500		496
Total principal outstanding		2,500
Less unamortized debt discount and issuance costs (1)		16
Total senior notes payable, net		$	2,484

_______________

(1)Both the debt discount and issuance costs are being amortized to interest expense over the term of the senior notes using the effective interest method.

Schedule of Future Minimum Payments For Borrowings

The expected future principal payments as of July 31, 2026, were as follows (in millions):



Fiscal year ending
2027 (remainder)	$	—
2028	500
2029	—
2030	500
2031	—
Thereafter	1,500
Total principal outstanding	$	2,500

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details