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Description of Business and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Oct. 31, 2018
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
(In millions, except per share amounts)
October 31,
2018
 
October 31,
2017
Numerator:
 
 
 
Net income (loss)
$
34

 
$
(2
)
 
 
 
 
Denominator:
 
 
 
Shares used in basic per share amounts:
 
 
 
Weighted average common shares outstanding
260

 
256

 
 
 
 
Shares used in diluted per share amounts:
 
 
 
Weighted average common shares outstanding
260

 
256

Dilutive common equivalent shares from stock options
 
 
 
and restricted stock awards
4

 

Dilutive weighted average common shares outstanding
264

 
256

 
 
 
 
Basic and diluted net income (loss) per share:
 
 
 
Basic net income (loss) per share
$
0.13

 
$
(0.01
)
 
 
 
 
Diluted net income (loss) per share
$
0.13

 
$
(0.01
)
 
 
 
 
Shares excluded from diluted net income (loss) per share:
 
 
 
Weighted average stock options and restricted stock units that have been excluded from dilutive common equivalent shares outstanding due to their anti-dilutive effect

 
14

Schedule of effect of new accounting pronouncements The adoption of ASU 2016-18 impacted our previously reported consolidated statement of cash flows as follows:
 
Three Months Ended October 31, 2017
(Dollars in millions)
As Reported
 
ASU 2016-18 Adjustment
 
As Adjusted
Net cash provided by (used in):
 
 
 
 
 
Operating activities
$
(78
)
 
$

 
$
(78
)
Investing activities
(75
)
 
(53
)
 
(128
)
Financing activities
158

 

 
158

Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents
(5
)
 

 
(5
)
Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents
$

 
$
(53
)
 
$
(53
)
Adoption of ASU 2014-09 impacted our previously reported results as follows:
 
July 31, 2018
(In millions)
As Reported
 
Topic 606 Adjustment
 
As Adjusted
Prepaid expenses and other current assets
$
184

 
$
18

 
$
202

Long-term deferred income taxes (1)
87

 
(85
)
 
2

Other assets (1)
190

 
23

 
213

Deferred revenue
961

 
(380
)
 
581

Other current liabilities
191

 
7

 
198

Long-term deferred revenue (2)
197

 
(194
)
 
3

Other long-term obligations (2)
123

 
61

 
184

Stockholders’ equity
2,354

 
462

 
2,816

(1) Long-term deferred income taxes is included in other assets on our consolidated balance sheets.
(2) Long-term deferred revenue is included in other long-term obligations on our consolidated balance sheets.
 
Three Months Ended October 31, 2017
(In millions, except per share amounts)
As Reported
 
Topic 606 Adjustment
 
As Adjusted
Net revenue
$
886

 
$
24

 
$
910

Selling and marketing expense
308

 

 
308

Operating loss
(57
)
 
22

 
(35
)
Income tax benefit
(42
)
 
7

 
(35
)
Net loss
(17
)
 
15

 
(2
)
Diluted net loss per share
(0.07
)
 
0.06

 
(0.01
)