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

12 Months Ended

Jul. 31, 2019

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.

	July 31, 2019				July 31, 2018
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Classification on consolidated balance sheets:
Cash and cash equivalents	$	2,116	$	2,116	$	1,464	$	1,464
Investments	622		624		253		252
Funds held for customers	436		436		368		367
Long-term investments	13		13		13		13
Total cash and cash equivalents, investments, and funds held for customers	$	3,187	$	3,189	$	2,098	$	2,096

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.

	July 31, 2019				July 31, 2018
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Type of issue:
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	2,352	$	2,352	$	1,631	$	1,631
Available-for-sale debt securities:
Municipal bonds	5		5		31		31
Corporate notes	798		800		414		412
U.S. agency securities	19		19		9		9
Total available-for-sale debt securities	822		824		454		452
Other long-term investments	13		13		13		13
Total cash and cash equivalents, investments, and funds held for customers	$	3,187	$	3,189	$	2,098	$	2,096

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

The following table summarizes our available-for-sale debt securities, included in investments and funds held for customers, classified by the stated maturity date of the security at the dates indicated.

	July 31, 2019				July 31, 2018
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	415	$	416	$	250	$	250
Due within two years	208		208		117		116
Due within three years	163		164		66		65
Due after three years	36		36		21		21
Total available-for-sale debt securities	$	822	$	824	$	454	$	452

Schedule of funds held for customers

The following table summarizes our funds held for customers by investment category at the dates indicated.

	July 31, 2019		July 31, 2018		July 31, 2017		July 31, 2016
(In millions)
Restricted cash and restricted cash equivalents	$	236	$	167	$	172	$	104
Available-for-sale debt securities	200		200		200		200
Total funds held for customers	$	436	$	367	$	372	$	304