Cash and Cash Equivalents, Investments and Funds Held for Customers (Tables)

9 Months Ended

Apr. 30, 2014

Cash and Cash Equivalents, Investments and Funds Held for Customers [Abstract]

Cash and cash equivalents, investments and funds held for customers by balance sheet classification

The following table summarizes our cash and cash equivalents, investments, and funds held for customers by balance sheet classification at the dates indicated.

	April 30, 2014				July 31, 2013
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Classification on balance sheets:
Cash and cash equivalents	$	1,574	$	1,574	$	1,009	$	1,009
Investments	1,036		1,059		653		652
Funds held for customers	273		273		235		235
Long-term investments	31		31		54		83
Total cash and cash equivalents, investments, and funds held for customers	$	2,914	$	2,937	$	1,951	$	1,979

Cash and cash equivalents, investments and funds held for customers by investment category

The following table summarizes our cash and cash equivalents, investments, and funds held for customers by investment category at the dates indicated. See Note 2, “Fair Value Measurements,” for more information on our municipal auction rate securities.

	April 30, 2014				July 31, 2013
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Type of issue:
Total cash and cash equivalents	$	1,672	$	1,672	$	1,069	$	1,069
Available-for-sale debt securities:
Municipal bonds	663		664		489		489
Corporate notes	445		445		269		269
U.S. agency securities	98		98		69		69
Municipal auction rate securities	21		21		33		33
Total available-for-sale debt securities	1,227		1,228		860		860
Available-for-sale corporate equity securities	5		27		5		33
Other long-term investments	10		10		17		17
Total cash and cash equivalents, investments, and funds held for customers	$	2,914	$	2,937	$	1,951	$	1,979

Available-for-sale debt securities classified by the stated maturity date of the security

The following table summarizes our available-for-sale debt securities classified by the stated maturity date of the security at the dates indicated.

	April 30, 2014				July 31, 2013
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	345	$	346	$	234	$	235
Due within two years	397		397		245		245
Due within three years	360		360		211		210
Due after three years	125		125		170		170
Total available-for-sale debt securities	$	1,227	$	1,228	$	860	$	860