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Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jul. 31, 2015
Accounting Policies [Abstract]  
Composition of shares used in the computation of basic and diluted net income per share
The following table presents the composition of shares used in the computation of basic and diluted net income per share for the periods indicated.
 
Twelve Months Ended July 31,
(In millions, except per share amounts)
2015
 
2014
 
2013
Numerator:
 
 
 
 
 
Net income from continuing operations
$
413

 
$
853

 
$
807

Net income (loss) from discontinued operations
(48
)
 
54

 
51

Net income
$
365

 
$
907

 
$
858

Denominator:
 
 
 
 
 
Shares used in basic per share amounts:
 
 
 
 
 
Weighted average common shares outstanding
281

 
285

 
297

Shares used in diluted per share amounts:
 
 
 
 
 
Weighted average common shares outstanding
281

 
285

 
297

Dilutive common equivalent shares from stock options and restricted stock awards
5

 
6

 
6

Dilutive weighted average common shares outstanding
286

 
291

 
303

 
 
 
 
 
 
Basic and diluted net income per share:
 
 
 
 
 
Basic net income per share from continuing operations
$
1.47

 
$
2.99

 
$
2.72

Basic net income (loss) per share from discontinued operations
(0.17
)
 
0.19

 
0.17

Basic net income per share
$
1.30

 
$
3.18

 
$
2.89

Diluted net income per share from continuing operations
$
1.45

 
$
2.94

 
$
2.66

Diluted net income (loss) per share from discontinued operations
(0.17
)
 
0.18

 
0.17

Diluted net income per share
$
1.28

 
$
3.12

 
$
2.83

 
 
 
 
 
 
Weighted average stock options and restricted stock units excluded from
    calculation due to anti-dilutive effect
2

 

 
3