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Financial Instruments (Tables)
 9 Months Ended
Oct. 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 October 31, 2023, and January 31, 2023:
October 31, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$546 $— $— $546 
Commercial paper 257 — — 257 
Certificates of deposit69 — — 69 
Other (2)14 — — 14 
Marketable securities:
Short-term
Commercial paper207 — — 207 
U.S. government securities90 — — 90 
Corporate debt securities71 — — 71 
Asset-backed securities32 — — 32 
Agency discount notes11 — — 11 
Other (3)17 — — 17 
Long-term
Corporate debt securities97 — (1)96 
Asset-backed securities55 — (1)54 
Agency mortgage backed securities35 — (1)34 
U.S. government securities23 — — 23 
Other (4)12 — — 12 
Mutual funds (5) (6)87 6 (3)90 
Total$1,623 $6 $(6)$1,623 
___________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Primarily consists of U.S. government securities and mortgage-backed securities.
(3)Primarily consists of supranational bonds, mortgage-backed securities, agency bonds, and certificates of deposit .
(4)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 October 31, 2023:
Fair Value
Due within 1 year$401 
Due in 1 year through 5 years203 
Due in 5 years through 10 years15 
Due after 10 years28 
Total
$647 
Schedule of Marketable Securities
Proceeds from the sale and maturity of marketable debt securities were as follows:
Three Months Ended October 31,Nine Months Ended October 31,
2023202220232022
Marketable debt securities$190 $57 $529 $302 
Schedule of Equity Securities Without Readily Determinable Fair Value
Adjustments to the carrying value of our strategic investment equity securities with no readily determined fair values measured using the measurement alternative are included in “Interest and other expense, net” on the Company's Condensed Consolidated Statements of Operations. These adjustments were as follows:
 Nine Months Ended October 31,Cumulative Amount as of
20232022October 31, 2023
Upward adjustments$— $6 $29 
Negative adjustments, including impairments (21)(5)(107)
Net unrealized adjustments$(21)$1 $(78)
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 October 31, 2023, and January 31, 2023:  
October 31, 2023
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$546 $— $— $546 
Commercial paper — 257 — 257 
Certificates of deposit— 69 — 69 
Other (2)— 14 — 14 
Marketable securities:
Short-term
Commercial paper— 207 — 207 
U.S. government securities— 90 — 90 
Corporate debt securities— 71 — 71 
Asset-backed securities— 32 — 32 
Agency discount notes— 11 — 11 
Other (3)— 17 — 17 
Long-term
Corporate debt securities— 96 — 96 
Asset-backed securities— 54 — 54 
Agency mortgage backed securities— 34 — 34 
U.S. government securities— 23 — 23 
Other (4)— 12 — 12 
Long-term other assets:
Mutual funds (5)(6)90 — — 90 
Derivative assets:
Derivative contract assets (6)— 27 — 27 
Derivative liabilities:
Derivative contract liabilities (7)— (18)— (18)
Total$636 $996 $— $1,632 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Primarily consists of U.S. government securities and mortgage-backed securities.
(3)Primarily consists of supranational bonds, mortgage-backed securities, agency bonds, and certificates of deposit .
(4)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.