Segment Information

6 Months Ended

Jan. 31, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information

We have defined seven reportable segments based on factors such as how we manage our operations and how our chief operating decision maker views results. We define the chief operating decision maker as our Chief Executive Officer and our Chief Financial Officer. Our chief operating decision maker organizes and manages our business primarily on the basis of product and service offerings.

All of our business segments except Other Businesses operate primarily in the United States and sell primarily to customers in the United States. International total net revenue was less than 5% of consolidated total net revenue for all periods presented.

We include expenses such as corporate selling and marketing, product development, and general and administrative expenses and share-based compensation expenses that are not allocated to specific segments in unallocated corporate items. Unallocated corporate items also include amortization of acquired technology, amortization of other acquired intangible assets, and goodwill and intangible asset impairment charges.

The accounting policies of our reportable segments are the same as those described in the summary of significant accounting policies in Note 1 to the financial statements in Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2011. Except for goodwill and purchased intangible assets, we do not generally track assets by reportable segment and, consequently, we do not disclose total assets by reportable segment.

The following table shows our financial results by reportable segment for the periods indicated.

	Three Months Ended						Six Months Ended
(In millions)	January 31, 2012			January 31, 2011			January 31, 2012			January 31, 2011
Net revenue:
Financial Management Solutions	$	199		$	187		$	367		$	341
Employee Management Solutions	128			116			249			223
Payment Solutions	99			85			193			165
Consumer Tax	295			205			336			234
Accounting Professionals	131			122			158			147
Financial Services	92			84			181			165
Other Businesses	75			79			129			135
Total net revenue	$	1,019		$	878		$	1,613		$	1,410
Operating income:
Financial Management Solutions	$	67		$	60		$	109		$	93
Employee Management Solutions	72			63			147			127
Payment Solutions	23			12			47			24
Consumer Tax	114			53			86			24
Accounting Professionals	81			70			67			54
Financial Services	25			22			43			37
Other Businesses	12			16			9			17
Total segment operating income	394			296			508			376
Unallocated corporate items:
Share-based compensation expense	(43		)	(38		)	(83		)	(73		)
Other common expenses	(145		)	(131		)	(288		)	(265		)
Amortization of acquired technology	(4		)	(5		)	(8		)	(9		)
Amortization of other acquired intangible assets	(10		)	(11		)	(31		)	(22		)
Total unallocated corporate items	(202		)	(185		)	(410		)	(369		)
Total operating income	$	192		$	111		$	98		$	7