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Financial Instruments (Tables)
 6 Months Ended
Jul. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Company's Financial Instruments by Significant Investment Category
The following tables summarize the Company's financial instruments by significant investment category as of July 31, 2023, and January 31, 2023:
July 31, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$499 $— $— $499 
Commercial paper 194 — — 194 
Certificates of deposit75 — — 75 
U.S. government securities44 — — 44 
Municipal bonds11 — — 11 
Other (2)5 — — 5 
Marketable securities:
Short-term
Commercial paper179 — — 179 
Corporate debt securities63 — — 63 
U.S. government securities61 — — 61 
Asset-backed securities29 — — 29 
Other (3)27 — — 27 
Long-term
Corporate debt securities104 — — 104 
Asset-backed securities47 — — 47 
U.S. government securities29 — — 29 
Agency mortgage backed securities26 — — 26 
Other (4)13 — — 13 
Mutual funds (5) (6)86 12 (1)97 
Total$1,492 $12 $(1)$1,503 
___________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists of mortgage-backed securities and asset-backed securities.
(3)Primarily consists of supranational bonds, agency discount notes, and mortgage-backed securities.
(4)Primarily consists of agency bonds, agency collateralized mortgage obligations, and mortgage-backed securities.
(5)See Note 11, “Deferred Compensation” for more information.
(6)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.
January 31, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$737 $— $— $737 
Commercial paper169 — — 169 
Certificates of deposit35 — — 35 
U.S government securities13 — — 13 
Other (2)12 — — 12 
Marketable securities:
Short-term
Corporate debt securities44 — — 44 
Commercial paper42 — — 42 
Asset-backed securities 19 — — 19 
U.S. government securities 17 — — 17 
Other (3)3 — — 3 
Long-term
Corporate debt securities45 — — 45 
U.S. government securities35 — — 35 
Asset backed securities13 — — 13 
Other (4)9 — — 9 
Mutual funds (5) (6)81 6 (1)86 
Convertible debt securities (6)3 1 (2)2 
Strategic investments derivative asset (6)2 — (2)— 
Total$1,279 $7 $(5)$1,281 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists of custody cash deposits, agency discount notes, municipal bonds, corporate debt securities, asset-backed securities, and mortgage-backed securities.
(3)Consists of mortgage-backed securities, agency mortgage-backed securities, common stock, and agency collateralized mortgage obligations.
(4)Consists of agency mortgage-backed securities, agency bonds, agency collateralized mortgage obligations, mortgage-backed securities, and collateralized mortgage obligations.
(5)See Note 11, “Deferred Compensation” for more information.
(6)Included in “Prepaid expenses and other current assets,” or “Long-term other assets,” in the accompanying Condensed Consolidated Balance Sheets.
Schedule of Investments Classified by Contractual Maturity Date
The following table summarizes the fair values of investments classified as marketable debt securities by contractual maturity date as of July 31, 2023:
Fair Value
Due within 1 year$331 
Due in 1 year through 5 years212 
Due in 5 years through 10 years16 
Due after 10 years19 
Total
$578 
Schedule of Marketable Securities Proceeds from the sale and maturity of marketable debt securities were as follows:
Three Months Ended July 31,Six Months Ended July 31,
2023202220232022
Marketable debt securities$176 $43 $339 $245 
Schedule of Equity Securities Without Readily Determinable Fair Value Adjustments to the carrying value of our strategic investment equity securities with no readily determined fair values measured using the measurement alternative are included in “Interest and other (expense) income, net” on the Company's Condensed Consolidated Statements of Operations. These adjustments were as follows:
 Six Months Ended July 31,Cumulative Amount as of
20232022July 31, 2023
Upward adjustments$— $1 $29 
Negative adjustments, including impairments (11)(5)(97)
Net unrealized adjustments$(11)$(4)$(68)
Fair Value, by Balance Sheet Grouping
The following tables summarize the Company's financial instruments measured at fair value on a recurring basis by significant investment category as of July 31, 2023, and January 31, 2023:  
July 31, 2023
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$499 $— $— $499 
Commercial paper — 194 — 194 
Certificates of deposit— 75 — 75 
U.S. government securities— 44 — 44 
Municipal bonds— 11 — 11 
Other (2)— 5 — 5 
Marketable securities:
Short-term
Commercial paper— 179 — 179 
Corporate debt securities— 63 — 63 
U.S. government securities— 61 — 61 
Asset-backed securities— 29 — 29 
Other (3)— 27 — 27 
Long-term
Corporate debt securities— 104 — 104 
Asset-backed securities— 47 — 47 
U.S. government securities— 29 — 29 
Agency mortgage backed securities— 26 — 26 
Other (4)— 13 — 13 
Long-term other assets:
Mutual funds (5)(6)97 — — 97 
Derivative assets:
Derivative contract assets (6)— 12 — 12 
Derivative liabilities:
Derivative contract liabilities (7)— (11)— (11)
Total$596 $908 $— $1,504 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists of mortgage-backed securities and asset-backed securities.
(3)Primarily consists of supranational bonds, agency discount notes, and mortgage-backed securities.
(4)Primarily consists of agency bonds, agency collateralized mortgage obligations, and mortgage-backed securities.
(5)See Note 11, “Deferred Compensation” for more information.
(6)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.
(7)Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.
January 31, 2023
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$737 $— $— $737 
Commercial paper— 169 — 169 
Certificates of deposit— 35 — 35 
U.S government securities— 13 — 13 
Other (2)4 8 — 12 
Marketable securities:
Short-term
Corporate debt securities— 44 — 44 
Commercial paper— 42 — 42 
Asset backed securities — 19 — 19 
U.S. government securities — 17 — 17 
Other (3)— 3 — 3 
Long-term
Corporate debt securities— 45 — 45 
U.S. government securities— 35 — 35 
Asset backed securities— 13 — 13 
Other (4)— 9 — 9 
Long-term other assets:
Mutual funds (5) (6)86 — — 86 
Convertible debt securities (6)— — 2 2 
Derivative assets:
Derivative contract assets (6)— 14 — 14 
Derivative liabilities:
Derivative contract liabilities (7)— (31)— (31)
Total$827 $435 $2 $1,264 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists of custody cash deposits, agency discount notes, municipal bonds, corporate debt securities, asset-backed securities, and mortgage-backed securities.
(3)Consists of mortgage-backed securities, agency mortgage-backed securities, common stock, and agency collateralized mortgage obligations.
(4)Consists of agency mortgage-backed securities, agency bonds, agency collateralized mortgage obligations, mortgage-backed securities, and collateralized mortgage obligations.
(5)See Note 11, “Deferred Compensation” for more information.
(6)Included in “Prepaid expenses and other current assets,” or “Long-term other assets,” in the accompanying Condensed Consolidated Balance Sheets.
(7)Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.