Segment Information

9 Months Ended

Apr. 30, 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						Nine Months Ended
(In millions)	April 30, 2012			April 30, 2011			April 30, 2012			April 30, 2011
Net revenue:
Financial Management Solutions	$	197		$	183		$	564		$	524
Employee Management Solutions	129			115			378			338
Payment Solutions	107			93			300			258
Consumer Tax	1,072			1,036			1,408			1,270
Accounting Professionals	236			225			394			372
Financial Services	91			89			272			254
Other Businesses	113			107			242			242
Total net revenue	$	1,945		$	1,848		$	3,558		$	3,258
Operating income:
Financial Management Solutions	$	72		$	61		$	181		$	154
Employee Management Solutions	81			70			228			197
Payment Solutions	25			20			72			44
Consumer Tax	845			853			931			877
Accounting Professionals	194			187			261			241
Financial Services	23			20			66			57
Other Businesses	49			42			58			59
Total segment operating income	1,289			1,253			1,797			1,629
Unallocated corporate items:
Share-based compensation expense	(37		)	(39		)	(120		)	(112		)
Other common expenses	(139		)	(138		)	(427		)	(403		)
Amortization of acquired technology	(4		)	(4		)	(12		)	(13		)
Amortization of other acquired intangible assets	(2		)	(11		)	(33		)	(33		)
Total unallocated corporate items	(182		)	(192		)	(592		)	(561		)
Total operating income	$	1,107		$	1,061		$	1,205		$	1,068