Cash and Cash Equivalents, Investments and Funds Held for Customers (Tables)

6 Months Ended

Jan. 31, 2015

Cash and Cash Equivalents, Investments and Funds Held for Customers [Abstract]

Cash and cash equivalents, investments and funds held for customers by balance sheet classification

The following table summarizes our cash and cash equivalents, investments, and funds held for customers by balance sheet classification at the dates indicated.

	January 31, 2015				July 31, 2014
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Classification on balance sheets:
Cash and cash equivalents	$	482	$	482	$	849	$	849
Investments	884		885		1,064		1,065
Funds held for customers	354		354		289		289
Long-term investments	35		35		31		31
Total cash and cash equivalents, investments, and funds held for customers	$	1,755	$	1,756	$	2,233	$	2,234

Cash and cash equivalents, investments and funds held for customers by investment category

The following table summarizes our cash and cash equivalents, investments, and funds held for customers by investment category at the dates indicated. See Note 2, “Fair Value Measurements,” for more information on our municipal auction rate securities.

	January 31, 2015				July 31, 2014
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Type of issue:
Total cash and cash equivalents	$	661	$	661	$	994	$	994
Available-for-sale debt securities:
Municipal bonds	474		474		700		701
Corporate notes	580		581		466		466
U.S. agency securities	5		5		42		42
Municipal auction rate securities	21		21		21		21
Total available-for-sale debt securities	1,080		1,081		1,229		1,230
Other long-term investments	14		14		10		10
Total cash and cash equivalents, investments, and funds held for customers	$	1,755	$	1,756	$	2,233	$	2,234

Available-for-sale debt securities classified by the stated maturity date of the security

The following table summarizes our available-for-sale debt securities classified by the stated maturity date of the security at the dates indicated.

	January 31, 2015				July 31, 2014
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	364	$	365	$	363	$	363
Due within two years	408		408		443		443
Due within three years	261		261		303		303
Due after three years	47		47		120		121
Total available-for-sale debt securities	$	1,080	$	1,081	$	1,229	$	1,230