Property and Equipment

12 Months Ended

Jul. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following at the dates indicated:



	Life in	July 31,
(Dollars in millions)	Years	2013			2012
Equipment	3-5	$	388		$	370
Computer software	3-6	489			466
Furniture and fixtures	5	72			59
Leasehold improvements	2-16	262			213
Land	NA	6			17
Buildings	5-30	191			191
Capital in progress	NA	92			79
		1,500			1,395
Less accumulated depreciation and amortization		(945		)	(852		)
Total property and equipment, net		$	555		$	543

__________________________

NA = Not Applicable

Capital in progress at July 31, 2013 and July 31, 2012 consisted primarily of costs related to internal use software projects and land that we have purchased adjacent to our headquarters campus in Mountain View, California that contains buildings that we plan to demolish and reconstruct. As discussed in Note 1, “Description of Business and Summary of Significant Accounting Policies – Internal Use Software,” we capitalize costs related to the development of computer software for internal use. We capitalized internal use software costs totaling $66 million for the twelve months ended July 31, 2013; $51 million for the twelve months ended July 31, 2012; and $99 million for the twelve months ended July 31, 2011. These amounts included capitalized labor costs of $56 million, $30 million and $35 million. Costs related to internal use software projects are included in the capital in progress category of property and equipment until project completion, at which time they are transferred to the computer software category

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details