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

12 Months Ended

Jul. 31, 2023

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.

	Twelve Months Ended July 31,
(In millions, except per share amounts)	2023		2022		2021
Numerator:
Net income	$	2,384	$	2,066	$	2,062
Denominator:
Shares used in basic per share amounts:
Weighted-average common shares outstanding	281		280		270
Shares used in diluted per share amounts:
Weighted-average common shares outstanding	281		280		270
Dilutive common equivalent shares from stock options and restricted stock awards	2		4		3
Dilutive weighted-average common shares outstanding	283		284		273
Basic and diluted net income per share:
Basic net income per share	$	8.49	$	7.38	$	7.65
Diluted net income per share	$	8.42	$	7.28	$	7.56
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	1		1		—