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Cash and Cash Equivalents, Investments, and Funds Held for Customers (Tables)
3 Months Ended
Oct. 31, 2020
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.
 October 31, 2020July 31, 2020
(In millions)Amortized
Cost
Fair ValueAmortized
Cost
Fair Value
Classification on condensed consolidated balance sheets:    
Cash and cash equivalents$5,174 $5,174 $6,442 $6,442 
Investments613 619 600 608 
Funds held for customers484 484 455 455 
Total cash and cash equivalents, investments, and funds
held for customers
$6,271 $6,277 $7,497 $7,505 
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.
 October 31, 2020July 31, 2020
(In millions)Amortized
Cost
Fair ValueAmortized
Cost
Fair Value
Type of issue:    
Total cash, cash equivalents, restricted cash,
and restricted cash equivalents
$5,458 $5,458 $6,697 $6,697 
Available-for-sale debt securities:
Municipal bonds17 17 
Corporate notes741 747 744 752 
U.S. agency securities55 55 47 47 
Total available-for-sale debt securities813 819 800 808 
Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments$6,271 $6,277 $7,497 $7,505 
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.
 October 31, 2020July 31, 2020
(In millions)Amortized
Cost
Fair ValueAmortized
Cost
Fair Value
Due within one year$371 $372 $389 $390 
Due within two years246 250 256 261 
Due within three years187 188 137 139 
Due after three years18 18 
Total available-for-sale debt securities$813 $819 $800 $808 
Schedule of funds held for customers
The following table summarizes our funds held for customers by investment category at the dates indicated.
 October 31, 2020July 31, 2020
(In millions)
Restricted cash and restricted cash equivalents$284 $255 
Restricted available-for-sale debt securities200 200 
Total funds held for customers$484 $455 
 October 31, 2019July 31, 2019
(In millions)
Restricted cash and restricted cash equivalents$213 $236 
Restricted available-for-sale debt securities200 200 
Total funds held for customers$413 $436