Description of Business and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Apr. 30, 2021

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				Nine Months Ended
(In millions, except per share amounts)	April 30, 2021		April 30, 2020		April 30, 2021		April 30, 2020
Numerator:
Net income	$	1,464	$	1,084	$	1,682	$	1,381
Denominator:
Shares used in basic per share amounts:
Weighted average common shares outstanding	273		261		269		261
Shares used in diluted per share amounts:
Weighted average common shares outstanding	273		261		269		261
Dilutive common equivalent shares from stock options
and restricted stock awards	3		3		2		3
Dilutive weighted average common shares outstanding	276		264		271		264
Basic and diluted net income per share:
Basic net income per share	$	5.36	$	4.15	$	6.26	$	5.29
Diluted net income per share	$	5.30	$	4.11	$	6.20	$	5.24
Shares excluded from diluted net income 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	—		—		—		—