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Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers (Tables)
3 Months Ended
Oct. 31, 2022
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 receivable and amounts held for customers by balance sheet classification at the dates indicated.
 October 31, 2022July 31, 2022
(In millions)Amortized
Cost
Fair ValueAmortized
Cost
Fair Value
Classification on condensed consolidated balance sheets:    
Cash and cash equivalents$2,125 $2,125 $2,796 $2,796 
Investments608 599 490 485 
Funds receivable and amounts held for customers476 468 435 431 
Total cash and cash equivalents, investments, and funds receivable and amounts held for customers$3,209 $3,192 $3,721 $3,712 
Cash and cash equivalents, investments and funds held for customers by investment category
The following table summarizes our cash and cash equivalents, investments, and relevant portion of funds receivable and amounts held for customers by investment category at the dates indicated. As of October 31, 2022 and July 31, 2022, this excludes $253 million and $30 million, respectively, of funds receivable included on our condensed consolidated balance sheets in funds receivable and amounts held for customers not measured and recorded at fair value.
 October 31, 2022July 31, 2022
(In millions)Amortized
Cost
Fair ValueAmortized
Cost
Fair Value
Type of issue:    
Total cash, cash equivalents, restricted cash,
and restricted cash equivalents
$2,140 $2,140 $2,997 $2,997 
Available-for-sale debt securities:
Municipal bonds— — — — 
Corporate notes697 684 597 589 
U.S. agency securities119 115 97 96 
Total available-for-sale debt securities816 799 694 685 
Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments$2,956 $2,939 $3,691 $3,682 
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 relevant portion of funds receivable and amounts held for customers, classified by the stated maturity date of the security at the dates indicated.
 October 31, 2022July 31, 2022
(In millions)Amortized
Cost
Fair ValueAmortized
Cost
Fair Value
Due within one year$458 $453 $316 $313 
Due within two years263 254 298 293 
Due within three years95 92 79 78 
Due after three years— — 
Total available-for-sale debt securities$816 $799 $694 $685 
Schedule of funds held for customers
The following table summarizes our funds receivable and amounts held for customers by asset category at the dates indicated.
(In millions)October 31, 2022July 31,
2022
Restricted cash and restricted cash equivalents$15 $201 
Restricted available-for-sale debt securities and funds receivable453 230 
Total funds receivable and amounts held for customers$468 $431 
(In millions)October 31, 2021July 31,
2021
Restricted cash and restricted cash equivalents$108 $257 
Restricted available-for-sale debt securities and funds receivable198 200 
Total funds receivable and amounts held for customers$306 $457