22 unchanged sentences
Fluctuations in foreign currencies impact the amount of total assets, liabilities, revenues, operating expenses and cash flows that we repor t for our foreign subsidiaries upon the translation of these amounts into USD.
−Removed: Total revenue during the three months ended July 31, 2024 , was negatively impacted by approximately one percent due to fluctuations in foreign currencies compared to the three months ended July 31, 2023 .
−Removed: In addition, fluctuations in USD against international currencies negatively impacted our current remaining performance obligation a s of July 31, 2024 by approximately one percent compared to what we would have reported as of July 31, 2023 using constant currency rates.
+Added: Total revenue during the three months ended October 31, 2024 , was minimally impacted by fluctuations in foreign currencies compared to the three months ended October 31, 2023 .
+Added: In addition, fluctuations in foreign currencies minimally impacted our current remaining performance obligation a s of October 31, 2024 compared to what we would have reported as of October 31, 2023.
Interest Rate Sensitivity
−Removed: As of July 31, 2024, we had cash, cash equivalents and marketable securities totaling $12.6 billion.
+Added: As of October 31, 2024, we had cash, cash equivalents and marketable securities totaling $12.8 billion.
This amount was invested primarily in money market funds, time deposits, corporate notes and bonds, government securities and other debt securities with credit ratings of at least BBB or better.
8 unchanged sentences
Our fixed-income portfolio is also subject to interest rate risk.
−Removed: An immediate increase or decrease in interest rates of 100 basis points at July 31, 2024 could result in a $45 million market value reduction or increase of the same amount.
+Added: An immediate increase or decrease in interest rates of 100 basis points at October 31, 2024 could result in a $56 million market value reduction or increase of the same amount.
This estimate is based on a sensitivity model that measures market value changes when changes in interest rates occur.
−Removed: Fluctuations in the
−Removed: value of our investment securities caused by a change in interest rates (gains or losses on the carrying value) are recorded in other comprehensive income, net, and are realized only if we sell the underlying securities.
+Added: Fluctuations in the value of our investment securities caused by a change in interest rates (gains or losses on the carrying value) are recorded in other comprehensive income, net, and are realized only if we sell the underlying securities.
At January 31, 2024, we had cash, cash equivalents and marketable securities totaling $14.2 billion.
3 unchanged sentences
We maintain debt obligations that are subject to market interest risk, as follows (in millions):
−Removed: Instrument Maturity Date Principal Outstanding as of July 31, 2024 Interest Terms Contractual Interest Rate
−Removed: Credit Facility December 2025 0 Floating N/A
+Added: Instrument Maturity Date Principal Outstanding as of October 31, 2024 Interest Terms Contractual Interest Rate
+Added: Credit Facility October 2029 0 Floating N/A
2028 Senior Notes April 2028 1,500 Fixed 3.70
4 unchanged sentences
2061 Senior Notes July 2061 1,250 Fixed 3.05
−Removed: Any borrowings under our Credit Facility bear interest, at our option, at a base rate plus a spread of 0.00% to 0.125% or an adjusted benchmark rate plus a spread of 0.50% to 1.125%, in each case with such spread being determined based on our credit rating.
+Added: Any borrowings under our Credit Facility bear interest, at our option, at a base rate plus a spread of 0.00% or an adjusted benchmark rate plus a spread of 0.50% to 0.85%, in each case with such spread being determined based on our credit rating.
We are also obligated to pay an ongoing commitment fee on undrawn amounts.
−Removed: As of July 31, 2024, there was no outstanding borrowing amount under the Credit Facility.
+Added: As of October 31, 2024, there was no outstanding borrowing amount under the Credit Facility.
The bank counterparties to our derivative contracts potentially expose us to credit-related losses in the event of their nonperformance.
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Strategic Investments
−Removed: As of July 31, 2024, our strategic investment portfolio consisted of investments in over 400 companies w ith a combined carrying value of $5.0 billion, includ ing two privately he ld investments with carrying values that were individually greater than five percent of the total strategic investments portfolio and represent ed 15 percent of t he portfolio in aggregate.
−Removed: The following table sets forth additional information regarding active equity investments within our strategic investment portfolio as of July 31, 2024 and excludes exited investments (in millions):
−Removed: Investment Type Capital Invested Unrealized Gains (Cumulative) Unrealized Losses (Cumulative) Carrying Value as of July 31, 2024
+Added: As of October 31, 2024, our strategic investment portfolio consisted of investments in ove r 400 companies wit h a combined carrying value of $4.8 billion, includ ing two privately he ld investments with carrying values that were individually greater th an five percent of t he total strategic investments portfolio and repres ented 13 percent of th e portfolio in aggregate.
+Added: The following table sets forth additional information regarding active equity investments within our strategic investment portfolio as of October 31, 2024 and excludes exited investments (in millions):
+Added: Investment Type Capital Invested Unrealized Gains (Cumulative) Unrealized Losses (Cumulative) Carrying Value as of October 31, 2024
Publicly held equity securities $ 26 $ 46 $ 0 $ 72
7 unchanged sentences
As a result, the value of our investment in a specific company may move by more or less than a change in that company’s overall value.
−Removed: Our ten largest privately held equity securities represent 38 percent of our total strategic investments as of July 31, 2024.
−Removed: If the enterprise value of the companies in which we hold those securities decreased by ten percent, the
−Removed: carrying value of our investment portfolio would decline by approximatel y $124 million.
+Added: Our ten largest privately held equity securities represent 37 percent of our total strategic investments as of October 31, 2024.
+Added: If the enterprise value of the companies in which we hold those securities decreased by ten percent, the carrying value of our investment portfolio would decline by approximatel y $101 million.
We continually evaluate our investments in privately held and publicly traded companies.
−Removed: In certain cases, our ability to sell these investments may be impacted by contractual obligations to hold the securities for a set period of time after a public offering.
+Added: In certain cases, our ability to
+Added: sell these investments may be impacted by contractual obligations to hold the securities for a set period of time after a public offering.
In addition, the financial success of our investment in any company is typically dependent on a liquidity event, such as a public offering, acquisition or other favorable market event reflecting appreciation to the cost of our initial investment.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.