The following table summarizes our financial assets and liabilities measured at fair value (in millions):
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July 31, 2026 |
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Fair Value Measurements at Reporting Date Using |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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Cash and cash equivalents: |
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Cash |
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$ |
685 |
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$ |
685 |
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$ |
— |
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$ |
— |
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Money market funds |
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651 |
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651 |
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— |
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— |
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Certificates of deposit |
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137 |
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— |
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137 |
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— |
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U.S. Treasury and government debt securities |
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100 |
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100 |
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— |
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— |
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Total cash and cash equivalents |
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1,573 |
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1,436 |
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137 |
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— |
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Short-term investments: |
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U.S. Treasury and government debt securities |
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2,003 |
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2,003 |
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— |
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— |
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Total short-term investments |
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2,003 |
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2,003 |
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— |
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— |
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Total cash, cash equivalents and short-term investments |
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$ |
3,576 |
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$ |
3,439 |
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$ |
137 |
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$ |
— |
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Other items: |
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Mutual funds (1) |
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$ |
10 |
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$ |
10 |
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$ |
— |
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$ |
— |
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Mutual funds (2) |
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$ |
42 |
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$ |
42 |
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$ |
— |
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$ |
— |
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Foreign currency exchange contracts assets (1) |
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$ |
14 |
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$ |
— |
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$ |
14 |
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$ |
— |
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Contingent consideration liability (3) |
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$ |
(106 |
) |
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$ |
— |
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$ |
— |
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$ |
(106 |
) |
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April 24, 2026 |
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Fair Value Measurements at Reporting Date Using |
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Total |
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Level 1 |
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Level 2 |
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Cash and cash equivalents: |
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Cash |
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$ |
578 |
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$ |
578 |
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$ |
— |
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Money market funds |
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|
808 |
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|
808 |
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— |
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Certificates of deposit |
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86 |
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— |
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86 |
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U.S. Treasury and government debt securities |
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598 |
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598 |
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— |
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Total cash and cash equivalents |
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2,070 |
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1,984 |
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|
86 |
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Short-term investments: |
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U.S. Treasury and government debt securities |
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1,514 |
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1,514 |
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— |
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Total short-term investments |
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1,514 |
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1,514 |
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— |
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Total cash, cash equivalents and short-term investments |
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$ |
3,584 |
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$ |
3,498 |
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$ |
86 |
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Other items: |
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Mutual funds (1) |
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$ |
9 |
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$ |
9 |
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$ |
— |
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Mutual funds (2) |
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$ |
40 |
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$ |
40 |
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$ |
— |
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Foreign currency exchange contracts assets (1) |
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$ |
10 |
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$ |
— |
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$ |
10 |
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Foreign currency exchange contracts liabilities (3) |
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$ |
(1 |
) |
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$ |
— |
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$ |
(1 |
) |
(1)Reported as other current assets in the condensed consolidated balance sheets (2)Reported as other non-current assets in the condensed consolidated balance sheets (3)Reported as accrued expenses in the condensed consolidated balance sheets Our contingent consideration liability is related to the acquisition of DataPelago and was valued using a probability-weighted discounted cash flow model. See Note 3 – Business Combination for further details of the acquisition and contingent consideration.
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