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Fair Value Measurements (Tables) | 9 Months Ended
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Oct. 29, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The tables below set forth, by level, the Company’s assets and liabilities that are measured at fair value on a recurring basis. The tables do not include assets and liabilities that are measured at historical cost or any basis other than fair value (in millions):
| Fair Value Measurements at October 29, 2022
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Items measured at fair value on a recurring basis: |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Time deposits | $ | — |  |  | $ | 228.2 |  |  | $ | — |  |  | $ | 228.2 |
Other non-current assets: |  |  |  |  |  |  |
Marketable equity investments | 1.8 |  |  | — |  |  | — |  |  | 1.8 |
Severance pay fund | — |  |  | 0.7 |  |  | — |  |  | 0.7 |
Total assets | $ | 1.8 |  |  | $ | 228.9 |  |  | $ | — |  |  | $ | 230.7 |
Liabilities |  |  |  |  |  |  |
Accrued liabilities: |  |  |  |  |  |  |
Foreign currency forward contracts | $ | — |  |  | $ | 1.1 |  |  | $ | — |  |  | $ | 1.1 |
Total liabilities | $ | — |  |  | $ | 1.1 |  |  | $ | — |  |  | $ | 1.1 |
The carrying value of investments in non-marketable equity securities recorded to fair value on a non-recurring basis is adjusted for observable transactions for identical or similar investments of the same issuer or for impairment. These securities relate to equity investments in privately-held companies. These items measured at fair value on a non-recurring basis are classified as Level 3 in the fair value hierarchy because the value is estimated based on valuation methods using the observable transaction price at the transaction date and other unobservable inputs such as volatility, rights and obligations of the securities held. As of October 29, 2022 and January 29, 2022, non-marketable equity investments had a carrying value of $35.7 million and $30.7 million, respectively, and are included in other non-current assets in the Company’s unaudited condensed consolidated balance sheets.
| Fair Value Measurements at January 29, 2022
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Items measured at fair value on a recurring basis: |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Time deposits | $ | — |  |  | $ | 177.6 |  |  | $ | — |  |  | $ | 177.6 |
Other non-current assets: |  |  |  |  |  |  |
Marketable equity investments | 1.2 |  |  | — |  |  | — |  |  | 1.2 |
Severance pay fund | — |  |  | 0.7 |  |  | — |  |  | 0.7 |
Total assets | $ | 1.2 |  |  | $ | 178.3 |  |  | $ | — |  |  | $ | 179.5 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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