Fair Value of Financial Assets and Liabilities (Tables)

6 Months Ended

Jul. 26, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

		Fair Value at
	Pricing Category	July 26, 2020		January 26, 2020
		(In millions)
Assets
Cash equivalents and marketable securities:
Money market funds	Level 1	$	2,053	$	7,507
Corporate debt securities	Level 2	$	3,497	$	592
Debt securities issued by United States government agencies	Level 2	$	2,102	$	1,096
Debt securities issued by the United States Treasury	Level 2	$	1,956	$	1,358
Certificates of deposit	Level 2	$	893	$	27
Foreign government bonds	Level 2	$	256	$	200
Other asset:
Investment in non-affiliated entities (1)	Level 3	$	110	$	77
Liabilities
Other non-current liabilities:
2.20% Notes Due 2021 (2)	Level 2	$	1,019	$	1,006
3.20% Notes Due 2026 (2)	Level 2	$	1,139	$	1,065
2.85% Notes Due 2030 (2)	Level 2	$	1,684	$	—
3.50% Notes Due 2040 (2)	Level 2	$	1,211	$	—
3.50% Notes Due 2050 (2)	Level 2	$	2,432	$	—
3.70% Notes Due 2060 (2)	Level 2	$	637	$	—

(1)  Investment in non-affiliated entities is privately held and recorded at fair value on a non-recurring basis only if an impairment or observable price adjustment occurs in the period with changes in fair value recorded through net income. The amount recorded as of July 26, 2020 has not been significant.

(2) These liabilities are carried on our Consolidated Balance Sheets at their original issuance value, net of unamortized debt discount and issuance costs, and are not marked to fair value each period. Refer to Note 12 of these Notes to Condensed Consolidated Financial Statements for additional information.