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Derivative Instruments (Tables) | 9 Months Ended
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Oct. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Values of Outstanding Derivative Instruments | The fair values of outstanding derivative instruments were as follows (in millions):
| Condensed Consolidated Balance Sheets Location |  | October 31, 2024 |  | January 31, 2024
Derivative assets: |  |  |  |  |
Cash flow hedges | Prepaid expenses and other current assets |  | $ | 30 |  |  | $ | 30 |
Cash flow hedges | Other assets |  | 13 |  |  | 14 |
Non-designated hedges | Prepaid expenses and other current assets |  | 3 |  |  | 2 |
Total derivative assets |  |  | $ | 46 |  |  | $ | 46 |
Derivative liabilities: |  |  |  |  |
Cash flow hedges | Accrued expenses and other current liabilities |  | $ | 12 |  |  | $ | 14 |
Cash flow hedges | Other liabilities |  | 12 |  |  | 12 |
Non-designated hedges | Accrued expenses and other current liabilities |  | 1 |  |  | 1 |
Total derivative liabilities |  |  | $ | 25 |  |  | $ | 27 |
Derivative Instruments Gain (Loss) | The effect of cash flow hedges on the Condensed Consolidated Statements of Operations was as follows (in millions):
| Three Months Ended October 31,
Condensed Consolidated Statements of Operations Location | 2024 |  | 2023
| Total |  | Gains (losses) related to cash flow hedges |  | Total |  | Gains (losses) related to cash flow hedges
Revenues | $ | 2,160 |  |  | $ | 7 |  |  | $ | 1,866 |  |  | $ | 16 |
Costs and expenses | 1,995 |  |  | 3 |  |  | 1,778 |  |  | 1 |
| Nine Months Ended October 31,
Condensed Consolidated Statements of Operations Location | 2024 |  | 2023
| Total |  | Gains (losses) related to cash flow hedges |  | Total |  | Gains (losses) related to cash flow hedges
Revenues | $ | 6,235 |  |  | $ | 23 |  |  | $ | 5,337 |  |  | $ | 49 |
Costs and expenses | 5,895 |  |  | (2) |  |  | 5,233 |  |  | 2 |
Pre-tax gains (losses) associated with cash flow hedges were as follows (in millions):
| Condensed Consolidated Statements of Operations and Statements of Comprehensive Income (Loss) Locations | Three Months Ended October 31, |  | Nine Months Ended October 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Gains (losses) recognized in OCI | Net change in unrealized gains (losses) on cash flow hedges | $ | 0 |  |  | $ | 67 |  |  | $ | 11 |  |  | $ | 54 |
Gains (losses) reclassified from AOCI into income (effective portion) | Revenues | 7 |  |  | 16 |  |  | 23 |  |  | 49 |
Gains (losses) reclassified from AOCI into income (effective portion) | Costs and expenses | 3 |  |  | 1 |  |  | (2) |  |  | 2 |
Gains (losses) associated with non-designated hedges were as follows (in millions):
| Condensed Consolidated Statements of Operations Location | Three Months Ended October 31, |  | Nine Months Ended October 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Gains (losses) related to non-designated hedges | Other income (expense), net | $ | 0 |  |  | $ | 6 |  |  | $ | (2) |  |  | $ | 8 |
Offsetting Assets | As of October 31, 2024, information related to these offsetting arrangements was as follows (in millions):
| Gross Amounts of Recognized Assets |  | Gross Amounts Offset on the Condensed Consolidated Balance Sheets |  | Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets |  | Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets |  | Net Assets Exposed
|  |  |  | Financial Instruments |  | Cash Collateral Received |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |
Counterparty A | $ | 13 |  |  | $ | 0 |  |  | $ | 13 |  |  | $ | (4) |  |  | $ | 0 |  |  | $ | 9 |
Counterparty B | 9 |  |  | 0 |  |  | 9 |  |  | (6) |  |  | 0 |  |  | 3 |
Counterparty C | 3 |  |  | 0 |  |  | 3 |  |  | (1) |  |  | 0 |  |  | 2 |
Counterparty D | 17 |  |  | 0 |  |  | 17 |  |  | (13) |  |  | 0 |  |  | 4 |
Counterparty E | 1 |  |  | 0 |  |  | 1 |  |  | 0 |  |  | 0 |  |  | 1 |
Counterparty F | 2 |  |  | 0 |  |  | 2 |  |  | (1) |  |  | 0 |  |  | 1 |
Counterparty G | 1 |  |  | 0 |  |  | 1 |  |  | 0 |  |  | 0 |  |  | 1 |
Total | $ | 46 |  |  | $ | 0 |  |  | $ | 46 |  |  | $ | (25) |  |  | $ | 0 |  |  | $ | 21 |
Offsetting Liabilities | As of October 31, 2024, information related to these offsetting arrangements was as follows (in millions):
| Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset on the Condensed Consolidated Balance Sheets |  | Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets |  | Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets |  | Net Liabilities Exposed
|  |  |  | Financial Instruments |  | Cash Collateral Pledged |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |
Counterparty A | $ | 4 |  |  | $ | 0 |  |  | $ | 4 |  |  | $ | (4) |  |  | $ | 0 |  |  | $ | 0 |
Counterparty B | 6 |  |  | 0 |  |  | 6 |  |  | (6) |  |  | 0 |  |  | 0 |
Counterparty C | 1 |  |  | 0 |  |  | 1 |  |  | (1) |  |  | 0 |  |  | 0 |
Counterparty D | 13 |  |  | 0 |  |  | 13 |  |  | (13) |  |  | 0 |  |  | 0 |
Counterparty F | 1 |  |  | 0 |  |  | 1 |  |  | (1) |  |  | 0 |  |  | 0 |
Total | $ | 25 |  |  | $ | 0 |  |  | $ | 25 |  |  | $ | (25) |  |  | $ | 0 |  |  | $ | 0 |

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