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Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 31, 2017
Jul. 31, 2016
Current assets:    
Cash and cash equivalents $ 529 $ 638
Investments 248 442
Accounts receivable, net of allowance for doubtful accounts of $46 and $51 103 108
Income taxes receivable 63 20
Prepaid expenses and other current assets 100 102
Current assets before funds held for customers 1,043 1,310
Funds held for customers 372 304
Total current assets 1,415 1,614
Long-term investments 31 28
Property and equipment, net 1,030 1,031
Goodwill 1,295 1,282
Acquired intangible assets, net 22 44
Long-term deferred income taxes 132 139
Other assets 143 112
Total assets 4,068 4,250
Current liabilities:    
Short-term debt 50 512
Accounts payable 157 184
Accrued compensation and related liabilities 300 289
Deferred revenue 887 801
Other current liabilities 178 161
Current liabilities before customer fund deposits 1,572 1,947
Customer fund deposits 372 304
Total current liabilities 1,944 2,251
Long-term debt 438 488
Long-term deferred revenue 202 204
Other long-term obligations 130 146
Total liabilities 2,714 3,089
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value Authorized - 1,345 shares total; 145 shares designated Series A; 250 shares designated Series B Junior Participating Issued and outstanding - None 0 0
Common stock, $0.01 par value Authorized - 750,000 shares Outstanding - 255,668 shares at July 31, 2017 and 257,853 shares at July 31, 2016 3 3
Additional paid-in capital 4,854 4,442
Treasury stock, at cost (10,778) (9,939)
Accumulated other comprehensive loss (22) (32)
Retained earnings 7,297 6,687
Total stockholders’ equity 1,354 1,161
Total liabilities and stockholders’ equity $ 4,068 $ 4,250