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

6 Months Ended

Jan. 31, 2023

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.

	January 31, 2023				July 31, 2022
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Classification on condensed consolidated balance sheets:
Cash and cash equivalents	$	1,547	$	1,547	$	2,796	$	2,796
Investments	529		524		490		485
Funds receivable and amounts held for customers	381		376		435		431
Total cash and cash equivalents, investments, and funds receivable and amounts held for customers	$	2,457	$	2,447	$	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 January 31, 2023 and July 31, 2022, this excludes $174 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.

	January 31, 2023				July 31, 2022
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Type of issue:
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	1,549	$	1,549	$	2,997	$	2,997
Available-for-sale debt securities:
Corporate notes	605		597		597		589
U.S. agency securities	129		127		97		96
Total available-for-sale debt securities	734		724		694		685
Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments	$	2,283	$	2,273	$	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.

	January 31, 2023				July 31, 2022
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	375	$	371	$	316	$	313
Due within two years	230		225		298		293
Due within three years	129		128		79		78
Due after three years	—		—		1		1
Total available-for-sale debt securities	$	734	$	724	$	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)	January 31, 2023		July 31, 2022
Restricted cash and restricted cash equivalents	$	2	$	201
Restricted available-for-sale debt securities and funds receivable	374		230
Total funds receivable and amounts held for customers	$	376	$	431

(In millions)	January 31, 2022		July 31, 2021
Restricted cash and restricted cash equivalents	$	176	$	257
Restricted available-for-sale debt securities and funds receivable	199		200
Total funds receivable and amounts held for customers	$	375	$	457