The following tables present our assets and liabilities measured at fair value on a recurring basis: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | July 29, 2023 | | | | | | | | | Adjusted Cost | | Unrealized Gains | | Unrealized Losses | | Fair Value | | | | | | | | Assets | | | | | | | | | | | | | | | | Level 1: | | | | | | | | | | | | | | | U.S. government securities(1) | | $ | 258.5 | | | $ | — | | | $ | (0.4) | | -0.4 | $ | 258.1 | | | | | | | | Time deposits(2) | | 42.9 | | | — | | | — | | | 42.9 | | | | | | | | | Level 2: | | | | | | | | | | | | | | | Company-owned life insurance(3) | | 0.4 | | | — | | | — | | | 0.4 | | | | | | | | | Total assets | | $ | 301.8 | | | $ | — | | | $ | (0.4) | | | $ | 301.4 | | | | | | | | | Liabilities | | | | | | | | | | | | | | | | Level 2: | | | | | | | | | | | | | | | Foreign currency contracts(4) | | $ | 6.4 | | | $ | — | | | $ | — | | | $ | 6.4 | | | | | | | | Nonqualified deferred compensation(4) | | 0.4 | | | — | | | — | | | 0.4 | | | | | | | | | Total liabilities | | $ | 6.8 | | | $ | — | | | $ | — | | | $ | 6.8 | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | July 30, 2022 | | | Adjusted Cost | | Unrealized Gains | | Unrealized Losses | | Fair Value | | Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | Level 2: | | | | | | | | | Foreign currency contracts(5) | | $ | 1.7 | | | $ | — | | | $ | — | | | $ | 1.7 | | Company-owned life insurance(3) | | 0.5 | | | — | | | — | | | 0.5 | | | Total assets | | $ | 2.2 | | | $ | — | | | $ | — | | | $ | 2.2 | | | Liabilities | | | | | | | | | | Level 2: | | | | | | | | | | | | | | | | | | Nonqualified deferred compensation(4) | | 0.5 | | | — | | | — | | | 0.5 | | | Total liabilities | | $ | 0.5 | | | $ | — | | | $ | — | | | $ | 0.5 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | January 28,
2023 | | | Adjusted Cost | | Unrealized Gains | | Unrealized Losses | | Fair Value | | Assets | | | | | | | | | | Level 1: | | | | | | | | | U.S. government securities(1) | | $ | 253.5 | | | $ | — | | | $ | (0.9) | | | $ | 252.6 | | | Level 2: | | | | | | | | | | | | | | | | | | Company-owned life insurance(3) | | 0.5 | | | — | | | — | | | 0.5 | | | Total assets | | $ | 254.0 | | | $ | — | | | $ | (0.9) | | | $ | 253.1 | | | Liabilities | | | | | | | | | | Level 2: | | | | | | | | | Foreign currency contracts(4) | | $ | 5.9 | | | $ | — | | | $ | — | | | $ | 5.9 | | Nonqualified deferred compensation(4) | | 0.4 | | | — | | | — | | | 0.4 | | | Total liabilities | | $ | 6.3 | | | $ | — | | | $ | — | | | $ | 6.3 | |
_________________________________________________(1) Recognized in cash and cash equivalents and marketable securities on our Condensed Consolidated Balance Sheets. (2) Recognized in marketable securities on our Condensed Consolidated Balance Sheets. (3) Recognized in accrued liabilities and other current liabilities on our Condensed Consolidated Balance Sheets. (4) Recognized in other noncurrent assets on our Condensed Consolidated Balance Sheets. (5) Recognized in prepaid expenses and other current assets on our Condensed Consolidated Balance Sheets.
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