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Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis as of April 30, 2024 (in thousands):

						Level 1						Level 2												Total
Assets
Cash equivalents:
Money market funds						$	292,069					$	—											$	292,069
U.S. Treasury securities						—						67,891												67,891
Commercial paper						—						35,543												35,543
Short-term investments:
Certificates of deposit						—						98,618												98,618
Asset-backed securities						—						656,355												656,355
Commercial paper						—						284,018												284,018
Corporate notes and bonds						—						1,707,067												1,707,067
Foreign government bonds						—						54,378												54,378
Municipal securities						—						76,348												76,348
U.S. agency obligations						—						55,709												55,709
U.S. Treasury securities						—						635,348												635,348
Foreign currency derivative contracts						—						108												108
Total financial assets						$	292,069					$	3,671,383											$	3,963,452
Liabilities
Foreign currency derivative contracts						$	—					$	(806)											$	(806)
Total financial liabilities						$	—					$	(806)											$	(806)

The following table presents the fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis as of January 31, 2024 (in thousands):

						Level 1						Level 2												Total
Assets
Cash equivalents:
Money market funds						$	73,197					$	—											$	73,197
U.S. Treasury securities						—						9,969												9,969
Short-term investments:
Certificates of deposit						—						94,283												94,283
Asset-backed securities						—						606,981												606,981
Commercial paper						—						144,245												144,245
Corporate notes and bonds						—						1,585,029												1,585,029
Foreign government bonds						—						50,206												50,206
Municipal securities						—						79,474												79,474
U.S. agency obligations						—						49,592												49,592
U.S. Treasury securities						—						714,459												714,459
Foreign currency derivative contracts						—						616												616
Total financial assets						$	73,197					$	3,334,854											$	3,408,051
Liabilities
Foreign currency derivative contracts						—						$	(232)											(232)
Total financial liabilities						$	—					$	(232)											$	(232)

Schedule of Fair Value of Outstanding Derivative Instruments

The fair value of our outstanding derivative instruments is summarized below (in thousands): 

			April 30, 2024						January 31, 2024
Notional amount of foreign currency derivative contracts			$	133,096					$	201,407
Fair value of foreign currency derivative contracts			133,909						201,024

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- References

No definition available.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B

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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
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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