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Description of Business and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Apr. 30, 2012
Accounting Policies [Abstract]  
Composition of shares used in the computation of basic and diluted net income per share
The following table presents the composition of shares used in the computation of basic and diluted net income per share for the periods indicated.
 
Three Months Ended
 
Nine Months Ended
(In millions, except per share amounts)
April 30,
2012
 
April 30,
2011
 
April 30,
2012
 
April 30,
2011
Numerator:
 
 
 
 
 
 
 
Net income
$
734

 
$
688

 
$
788

 
$
691

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Shares used in basic per share amounts:
 
 
 
 
 
 
 
Weighted average common shares outstanding
295

 
303

 
297

 
309

 
 
 
 
 
 
 
 
Shares used in diluted per share amounts:
 
 
 
 
 
 
 
Weighted average common shares outstanding
295

 
303

 
297

 
309

Dilutive common equivalent shares from stock options
 
 
 
 
 
 
 
and restricted stock awards
8

 
10

 
9

 
10

Dilutive weighted average common shares outstanding
303

 
313

 
306

 
319

 
 
 
 
 
 
 
 
Basic and diluted net income per share:
 
 
 
 
 
 
 
Basic net income per share
$
2.49

 
$
2.27

 
$
2.65

 
$
2.23

Diluted net income per share
$
2.42

 
$
2.20

 
$
2.58

 
$
2.16

 
 
 
 
 
 
 
 
Weighted average stock options and restricted stock units excluded from calculation due to anti-dilutive effect

 
1

 
3