Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Cash flows from operating activities:
Net income	$ 297	$ 223
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	98	99
Amortization of acquired intangible assets	16	13
Non-cash operating lease cost	32
Share-based compensation expense	218	205
Deferred income taxes	(30)	(21)
Other	4	6
Total adjustments	338	302
Changes in operating assets and liabilities:
Accounts receivable	(516)	(456)
Income taxes receivable	13	(1)
Prepaid expenses and other assets	(82)	(54)
Accounts payable	175	210
Accrued compensation and related liabilities	(121)	(146)
Deferred revenue	51	58
Operating lease liabilities	(28)
Other liabilities	63	62
Total changes in operating assets and liabilities	(445)	(327)
Net cash provided by operating activities	190	198
Cash flows from investing activities:
Purchases of corporate and customer fund investments	(357)	(153)
Sales of corporate and customer fund investments	73	42
Maturities of corporate and customer fund investments	287	106
Purchases of property and equipment	(68)	(80)
Originations of term loans to small businesses	(166)	(152)
Principal repayments of term loans from small businesses	155	116
Other	(20)	13
Net cash used in investing activities	(96)	(108)
Cash flows from financing activities:
Repayment of debt	(25)	(25)
Proceeds from issuance of stock under employee stock plans	121	154
Payments for employee taxes withheld upon vesting of restricted stock units	(104)	(76)
Cash paid for purchases of treasury stock	(278)	(274)
Dividends and dividend rights paid	(280)	(251)
Net change in customer fund deposits	25	67
Other	(1)	(5)
Net cash used in financing activities	(542)	(410)
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents	(2)	(2)
Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents	(450)	(322)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period	2,352	1,631
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period	1,902	1,309
Total cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period	$ 1,902	$ 1,309