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

12 Months Ended

Jul. 31, 2021

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, 2021				July 31, 2020
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Classification on consolidated balance sheets:
Cash and cash equivalents	$	2,562	$	2,562	$	6,442	$	6,442
Investments	1,305		1,308		600		608
Funds held for customers	456		457		455		455
Total cash and cash equivalents, investments, and funds held for customers	$	4,323	$	4,327	$	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.

	July 31, 2021				July 31, 2020
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Type of issue:
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	2,819	$	2,819	$	6,697	$	6,697
Available-for-sale debt securities:
Municipal bonds	37		38		9		9
Corporate notes	1,397		1,400		744		752
U.S. agency securities	70		70		47		47
Total available-for-sale debt securities	1,504		1,508		800		808
Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments	$	4,323	$	4,327	$	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.

	July 31, 2021				July 31, 2020
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	551	$	553	$	389	$	390
Due within two years	550		551		256		261
Due within three years	398		398		137		139
Due after three years	5		6		18		18
Total available-for-sale debt securities	$	1,504	$	1,508	$	800	$	808

Schedule of funds held for customers

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

(In millions)	July 31, 2021		July 31, 2020		July 31, 2019		July 31, 2018
Restricted cash and restricted cash equivalents	$	257	$	255	$	236	$	167
Restricted available-for-sale debt securities	200		200		200		200
Total funds held for customers	$	457	$	455	$	436	$	367