XML 73 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K under the Exchange Act, we are providing the following information about the relationship between the “Compensation Actually Paid” (as computed in accordance with SEC rules) to our CEO and non-CEO NEOs (as a group) and certain financial performance measures. The amounts of  “Compensation Actually Paid” reflect the Summary Compensation Table total with certain adjustments as described in the following table and footnotes. We discuss our pay-for-performance philosophy and how we align executive compensation with our performance in the “Compensation Discussion and Analysis” above.
Value of Initial Fixed $100
Investment Based on:
Fiscal
Year
Summary
Compensation
Table Total for
CEO(1)
($)
Compensation
Actually Paid to
CEO(1)
($)
Average
Summary
Compensation
Table Total For
Non-CEO NEO(1)
($)
Average
Compensation
Actually Paid to
Non-CEO NEO(1)
($)
Total
Shareholder
Return(2)
($)
Peer Group Total
Shareholder
Return(3)
($)
Net Income
($ in millions)
Company
Selected
Performance
Measure:
Revenue(4)
($ in millions)
2023 27,305,429 34,871,125 11,557,818 14,414,929 170.19 156.73 2,384 14,368
2022 27,174,857 18,442,842 13,385,497 9,760,839 150.61 124.73 2,066 12,726
2021 24,929,237 82,944,429 12,290,493 39,367,120 174.01 138.17 2,062 9,633
(1)
The named executives included in the above table were:
Fiscal
Year
CEO
Non-CEO NEOs
2023 Sasan Goodarzi Michelle M. Clatterbuck, J. Alexander Chriss, Laura A. Fennell, and Marianna Tessel
2022 Sasan Goodarzi Michelle M. Clatterbuck, J. Alexander Chriss, Laura A. Fennell, and Marianna Tessel
2021 Sasan Goodarzi Michelle M. Clatterbuck, J. Alexander Chriss, Gregory N. Johnson, and Marianna Tessel
(2)
Total shareholder return (TSR) for each of fiscal 2023, 2022, and 2021 is cumulative, reflecting the value of a fixed $100 investment beginning with the market close on July 31, 2020, the last trading day before fiscal 2021, through and including the end of the respective listed fiscal years, and that all dividends were reinvested.
(3)
The peer group for this purpose is the Morgan Stanley Technology Index, which is the industry peer group we use for purposes of Item 201(e) of Regulation S-K.
(4)
Our company selected financial measure, as required by Item 402(v) of Regulation S-K, is revenue, which, in our assessment, represents the most important financial performance measure linking fiscal 2023 NEO Compensation Actually Paid to company performance.
To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation:
Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
CEO
($)
Average for
Non-CEO
NEOs
($)
CEO
($)
Average for
Non-CEO
NEOs
($)
CEO
($)
Average for
Non-CEO
NEOs
($)
SCT Total 27,305,429 11,557,818 27,174,857 13,385,497 24,929,237 12,290,493
Adjustments
Deduction: Amounts reported
under “Stock Awards” and
“Option Awards” column in the
SCT(1)
(24,215,429) (9,980,620) (23,864,857) (11,974,177) (21,731,737) (10,704,625)
Addition: Year-end fair value of
equity awards granted in the
year(2)
26,676,804 10,953,613 25,804,418 12,916,982 23,063,084 11,363,452
Addition: Fair value of awards
on the vesting date for awards
granted and vested during the
year(2)
14,042 9,264
Addition/Deduction: Change
in fair value from prior
year-end to current year-end of
awards granted in prior years
that were outstanding and
unvested as of year-end(2)
8,008,087 2,988,233 (10,985,018) (4,729,399) 49,253,012 23,426,211
Addition/Deduction: Change in fair value from prior year-end to vesting date of awards granted in prior years that vested during the year(2) (2,981,810) (1,270,414) 37,148 46,504 7,127,838 2,912,101
Addition: Value of dividends or
other earnings paid on equity
awards not otherwise reflected
in fair value or SCT total (2)
78,044 152,257 276,294 106,168 302,995 79,488
Compensation Actually Paid
34,871,125 14,414,929 18,442,842 9,760,839 82,944,429 39,367,120
(1)
Represents the grant date fair value of the equity-based awards computed in accordance with FASB ASC Topic 718 and disclosed in the SCT.
(2)
Reflects the adjustments made based on the value of equity awards calculated in accordance with the SEC methodology for determining CAP for each year shown. The valuation assumptions used to calculate the fair values did not materially differ from those disclosed at the time of grant.
   
Company Selected Measure Name Revenue    
Named Executive Officers, Footnote
(1)
The named executives included in the above table were:
Fiscal
Year
CEO
Non-CEO NEOs
2023 Sasan Goodarzi Michelle M. Clatterbuck, J. Alexander Chriss, Laura A. Fennell, and Marianna Tessel
2022 Sasan Goodarzi Michelle M. Clatterbuck, J. Alexander Chriss, Laura A. Fennell, and Marianna Tessel
2021 Sasan Goodarzi Michelle M. Clatterbuck, J. Alexander Chriss, Gregory N. Johnson, and Marianna Tessel
   
Peer Group Issuers, Footnote
(2)
Total shareholder return (TSR) for each of fiscal 2023, 2022, and 2021 is cumulative, reflecting the value of a fixed $100 investment beginning with the market close on July 31, 2020, the last trading day before fiscal 2021, through and including the end of the respective listed fiscal years, and that all dividends were reinvested.
(3)
The peer group for this purpose is the Morgan Stanley Technology Index, which is the industry peer group we use for purposes of Item 201(e) of Regulation S-K.
   
PEO Total Compensation Amount $ 27,305,429 $ 27,174,857 $ 24,929,237
PEO Actually Paid Compensation Amount $ 34,871,125 18,442,842 82,944,429
Adjustment To PEO Compensation, Footnote
To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation:
Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
CEO
($)
Average for
Non-CEO
NEOs
($)
CEO
($)
Average for
Non-CEO
NEOs
($)
CEO
($)
Average for
Non-CEO
NEOs
($)
SCT Total 27,305,429 11,557,818 27,174,857 13,385,497 24,929,237 12,290,493
Adjustments
Deduction: Amounts reported
under “Stock Awards” and
“Option Awards” column in the
SCT(1)
(24,215,429) (9,980,620) (23,864,857) (11,974,177) (21,731,737) (10,704,625)
Addition: Year-end fair value of
equity awards granted in the
year(2)
26,676,804 10,953,613 25,804,418 12,916,982 23,063,084 11,363,452
Addition: Fair value of awards
on the vesting date for awards
granted and vested during the
year(2)
14,042 9,264
Addition/Deduction: Change
in fair value from prior
year-end to current year-end of
awards granted in prior years
that were outstanding and
unvested as of year-end(2)
8,008,087 2,988,233 (10,985,018) (4,729,399) 49,253,012 23,426,211
Addition/Deduction: Change in fair value from prior year-end to vesting date of awards granted in prior years that vested during the year(2) (2,981,810) (1,270,414) 37,148 46,504 7,127,838 2,912,101
Addition: Value of dividends or
other earnings paid on equity
awards not otherwise reflected
in fair value or SCT total (2)
78,044 152,257 276,294 106,168 302,995 79,488
Compensation Actually Paid
34,871,125 14,414,929 18,442,842 9,760,839 82,944,429 39,367,120
(1)
Represents the grant date fair value of the equity-based awards computed in accordance with FASB ASC Topic 718 and disclosed in the SCT.
(2)
Reflects the adjustments made based on the value of equity awards calculated in accordance with the SEC methodology for determining CAP for each year shown. The valuation assumptions used to calculate the fair values did not materially differ from those disclosed at the time of grant
   
Non-PEO NEO Average Total Compensation Amount $ 11,557,818 13,385,497 12,290,493
Non-PEO NEO Average Compensation Actually Paid Amount $ 14,414,929 9,760,839 39,367,120
Adjustment to Non-PEO NEO Compensation Footnote
To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation:
Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
CEO
($)
Average for
Non-CEO
NEOs
($)
CEO
($)
Average for
Non-CEO
NEOs
($)
CEO
($)
Average for
Non-CEO
NEOs
($)
SCT Total 27,305,429 11,557,818 27,174,857 13,385,497 24,929,237 12,290,493
Adjustments
Deduction: Amounts reported
under “Stock Awards” and
“Option Awards” column in the
SCT(1)
(24,215,429) (9,980,620) (23,864,857) (11,974,177) (21,731,737) (10,704,625)
Addition: Year-end fair value of
equity awards granted in the
year(2)
26,676,804 10,953,613 25,804,418 12,916,982 23,063,084 11,363,452
Addition: Fair value of awards
on the vesting date for awards
granted and vested during the
year(2)
14,042 9,264
Addition/Deduction: Change
in fair value from prior
year-end to current year-end of
awards granted in prior years
that were outstanding and
unvested as of year-end(2)
8,008,087 2,988,233 (10,985,018) (4,729,399) 49,253,012 23,426,211
Addition/Deduction: Change in fair value from prior year-end to vesting date of awards granted in prior years that vested during the year(2) (2,981,810) (1,270,414) 37,148 46,504 7,127,838 2,912,101
Addition: Value of dividends or
other earnings paid on equity
awards not otherwise reflected
in fair value or SCT total (2)
78,044 152,257 276,294 106,168 302,995 79,488
Compensation Actually Paid
34,871,125 14,414,929 18,442,842 9,760,839 82,944,429 39,367,120
(1)
Represents the grant date fair value of the equity-based awards computed in accordance with FASB ASC Topic 718 and disclosed in the SCT.
(2)
Reflects the adjustments made based on the value of equity awards calculated in accordance with the SEC methodology for determining CAP for each year shown. The valuation assumptions used to calculate the fair values did not materially differ from those disclosed at the time of grant
   
Compensation Actually Paid vs. Total Shareholder Return
[MISSING IMAGE: bc_tsr-pn.jpg]
   
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_income-pn.jpg]
   
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_revenue-pn.jpg]
   
Tabular List, Table
Financial Performance Measures
As discussed in “Compensation Discussion and Analysis,” our executive compensation program reflects a pay-for-performance philosophy. The metrics that we use to determine the compensation of executives are designed to incentivize our executives to drive growth and long-term shareholder value. Below is an unranked list of the most important financial performance measures that we use to link Compensation Actually Paid to the NEOs, for the most recently completed fiscal year, to the Company’s performance:

Revenue

Non-GAAP operating income

Relative TSR
   
Total Shareholder Return Amount $ 170.19 150.61 174.01
Peer Group Total Shareholder Return Amount 156.73 124.73 138.17
Net Income (Loss) $ 2,384,000,000 $ 2,066,000,000 $ 2,062,000,000
Company Selected Measure Amount 14,368,000,000 12,726,000,000 9,633,000,000
PEO Name Sasan Goodarzi Sasan Goodarzi Sasan Goodarzi
Measure:: 1      
Pay vs Performance Disclosure      
Name Revenue    
Non-GAAP Measure Description
(4)
Our company selected financial measure, as required by Item 402(v) of Regulation S-K, is revenue, which, in our assessment, represents the most important financial performance measure linking fiscal 2023 NEO Compensation Actually Paid to company performance.
   
Measure:: 2      
Pay vs Performance Disclosure      
Name Non-GAAP operating income    
Measure:: 3      
Pay vs Performance Disclosure      
Name Relative TSR    
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (24,215,429) $ (23,864,857) $ (21,731,737)
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 26,676,804 25,804,418 23,063,084
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 8,008,087 (10,985,018) 49,253,012
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (2,981,810) 37,148 7,127,838
PEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 78,044 276,294 302,995
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (9,980,620) (11,974,177) (10,704,625)
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 10,953,613 12,916,982 11,363,452
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 14,042 9,264  
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 2,988,233 (4,729,399) 23,426,211
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (1,270,414) 46,504 2,912,101
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 152,257 $ 106,168 $ 79,488