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Goodwill and Acquired Intangbile Asstes (Tables)
12 Months Ended
Jul. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
(In millions)
Balance
July 31,
2009
 
Goodwill
Acquired/
Adjusted
 
Balance
July 31,
2010
 
Goodwill
Acquired/
Adjusted
 
Goodwill Impairment Charges
 
Balance
July 31,
2011
Financial Management Solutions
$
152


 
$
(1
)
 
$
151


 
$


 


 
$
151


Employee Management Solutions
274


 
(3
)
 
271


 


 


 
271


Payment Solutions
182


 


 
182


 


 


 
182


Consumer Tax
30


 


 
30


 


 


 
30


Accounting Professionals
90


 


 
90


 


 


 
90


Financial Services
1,009


 


 
1,009


 
(4
)
 


 
1,005


Other Businesses
17


 
164


 
181


 


 
(24
)
 
157


Totals
$
1,754


 
$
160


 
$
1,914


 
$
(4
)
 
(24
)
 
$
1,886


Schedule of Acquired Finite-Lived Intangible Assets by Major Class
The following table shows the cost, accumulated amortization and weighted average life in years for our acquired intangible assets at the dates indicated.


(Dollars in millions)
Customer
Lists
 
Purchased
Technology
 
Trade
Names
and Logos
 
Covenants
Not to
Compete
or Sue
 
Total
 
 
 
 
 
 
 
 
 
 
At July 31, 2011:
 
 
 
 
 
 
 
 
 
Cost
$
433


 
$
422


 
$
35


 
$
35


 
$
925


Accumulated amortization
(371
)
 
(329
)
 
(25
)
 
(20
)
 
(745
)
Acquired intangible assets, net
$
62


 
$
93


 
$
10


 
$
15


 
$
180


Weighted average life in years
7


 
7


 
7


 
8


 
7


 
 
 
 
 
 
 
 
 
 
At July 31, 2010:
 
 
 
 
 
 
 
 
 
Cost
$
438


 
$
414


 
$
35


 
$
36


 
$
923


Accumulated amortization
(328
)
 
(301
)
 
(21
)
 
(17
)
 
(667
)
Acquired intangible assets, net
$
110


 
$
113


 
$
14


 
$
19


 
$
256


Weighted average life in years
6


 
7


 
7


 
8


 
7


Schedule of Finite-Lived Intangible Assets, Future Amortization Expense


(In millions)
Expected
Future
Amortization
Expense
 
 
Twelve months ending July 31,
 
2012
$
57


2013
33


2014
30


2015
25


2016
19


Thereafter
16


Total expected future amortization expense
$
180