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Goodwill and Acquired Intangbile Asstes (Tables)
12 Months Ended
Jul. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
(In millions)
Balance
July 31,
2012
 
Goodwill
Acquired/
Adjusted
 
Goodwill Impairment Charges
 
Balance
July 31,
2013
 
Goodwill
Acquired/
Adjusted
 
Balance
July 31,
2014
Small Business
$
957

 
$
(2
)
 

 
$
955

 
$
96

 
$
1,051

Consumer
198

 

 

 
198

 
293

 
491

Professional Tax
93

 

 

 
93

 

 
93

Goodwill for Intuit Health discontinued operations
38

 

 
(38
)
 

 

 

Totals
$
1,286

 
$
(2
)
 
$
(38
)
 
$
1,246

 
$
389

 
$
1,635

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, 2014:
 
 
 
 
 
 
 
 
 
Cost
$
318

 
$
366

 
$
33

 
$
34

 
$
751

Accumulated amortization
(261
)
 
(242
)
 
(23
)
 
(26
)
 
(552
)
Acquired intangible assets, net
$
57

 
$
124

 
$
10

 
$
8

 
$
199

Weighted average life in years
6

 
5

 
6

 
8

 
6

 
 
 
 
 
 
 
 
 
 
At July 31, 2013:
 
 
 
 
 
 
 
 
 
Cost
$
306

 
$
277

 
$
32

 
$
33

 
$
648

Accumulated amortization
(249
)
 
(207
)
 
(20
)
 
(23
)
 
(499
)
Acquired intangible assets, net
$
57

 
$
70

 
$
12

 
$
10

 
$
149

Weighted average life in years
7

 
6

 
6

 
9

 
7

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

(In millions)
Expected
Future
Amortization
Expense
 
 
Twelve months ending July 31,
 
2015
$
67

2016
55

2017
36

2018
25

2019
15

Thereafter
1

Total expected future amortization expense
$
199