Derivatives

6 Months Ended

Jul. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

Derivatives

Details on outstanding foreign currency derivative contracts are presented below (in millions):

	As of
	July 31, 2018			January 31, 2018
Notional amount of foreign currency derivative contracts	$	1,566		$	1,871
Fair value of foreign currency derivative contracts	(1		)	12

The fair value of the Company’s outstanding derivative instruments not designated as hedging instruments are summarized below (in millions):

		As of
	Balance Sheet Location	July 31, 2018		January 31, 2018
Foreign currency derivative contracts	Prepaid expenses and other current assets	$	1	$	18

Gains/losses on derivative instruments not designated as hedging instruments recorded in Other income in the condensed consolidated statements of operations during the three and six months ended July 31, 2018 and 2017, respectively, are summarized below (in millions):

	Three Months Ended July 31,					Six Months Ended July 31,
	2018			2017		2018		2017
Foreign currency derivative contracts	$	(10	)	$	3	$	10	$	10