Segment Information

6 Months Ended

Jan. 31, 2013

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, 2012. 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. Results for our Financial Management Solutions segment have been adjusted for all periods presented to exclude results for our Intuit Websites business, which we classified as discontinued operations in the fourth quarter of fiscal 2012. See Note 4, “Discontinued Operations,” for more information.

Beginning in the first quarter of fiscal 2013, we moved the segment revenue and operating results for our Mint business from Personal Finance in our Other Businesses segment to our Financial Services segment. Since segment revenue and operating results for Mint were not significant for any period presented, we did not reclassify previously reported segment results to reflect this change. As a result of the reorganization of the reporting structure of Personal Finance and synergies achieved during the time it was managed as one business, we allocated a portion of the total goodwill associated with that reporting unit to Personal Finance and a portion to Mint, which was transferred to the Financial Services reporting unit. We based the allocation of the total goodwill on the fair value of the remaining Personal Finance reporting unit compared with the fair value of the Mint component at the time of the transfer. The subsequent financial performance of the Personal Finance reporting unit relative to the projections used for the allocation of goodwill will determine the realizability of that goodwill.

	Three Months Ended						Six Months Ended
(In millions)	January 31, 2013			January 31, 2012			January 31, 2013			January 31, 2012
Net revenue:
Financial Management Solutions	$	208		$	179		$	388		$	328
Employee Management Solutions	144			128			279			249
Payment Solutions	117			99			231			193
Consumer Tax	216			295			252			336
Accounting Professionals	123			131			155			158
Financial Services	93			92			186			181
Other Businesses	67			75			124			129
Total net revenue	$	968		$	999		$	1,615		$	1,574
Operating income from continuing operations:
Financial Management Solutions	$	75		$	69		$	133		$	120
Employee Management Solutions	85			72			170			147
Payment Solutions	24			23			46			47
Consumer Tax	24			114			(3		)	86
Accounting Professionals	72			81			62			67
Financial Services	20			25			35			43
Other Businesses	10			12			16			9
Total segment operating income	310			396			459			519
Unallocated corporate items:
Share-based compensation expense	(47		)	(43		)	(96		)	(83		)
Other common expenses	(157		)	(145		)	(314		)	(288		)
Amortization of acquired technology	(6		)	(3		)	(11		)	(6		)
Amortization of other acquired intangible assets	(7		)	(10		)	(14		)	(31		)
Total unallocated corporate items	(217		)	(201		)	(435		)	(408		)
Total operating income from continuing operations	$	93		$	195		$	24		$	111