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

3 Months Ended

Oct. 31, 2018

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.

	October 31, 2018				July 31, 2018
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Classification on consolidated balance sheets:
Cash and cash equivalents	$	1,084	$	1,084	$	1,464	$	1,464
Investments	250		248		253		252
Funds held for customers	438		438		368		367
Long-term investments	13		13		13		13
Total cash and cash equivalents, investments, and funds held for customers	$	1,785	$	1,783	$	2,098	$	2,096

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.

	October 31, 2018				July 31, 2018
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Type of issue:
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	1,322	$	1,322	$	1,631	$	1,631
Available-for-sale debt securities:
Municipal bonds	13		13		31		31
Corporate notes	422		420		414		412
U.S. agency securities	15		15		9		9
Total available-for-sale debt securities	450		448		454		452
Other long-term investments	13		13		13		13
Total cash and cash equivalents, investments, and funds held for customers	$	1,785	$	1,783	$	2,098	$	2,096

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

The following table summarizes our available-for-sale debt securities, included in investments and funds held for customers, classified by the stated maturity date of the security at the dates indicated.

	October 31, 2018				July 31, 2018
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	262	$	261	$	250	$	250
Due within two years	119		118		117		116
Due within three years	47		47		66		65
Due after three years	22		22		21		21
Total available-for-sale debt securities	$	450	$	448	$	454	$	452

Schedule of funds held for customers

The following table summarizes our funds held for customers by investment category at the dates indicated.

	October 31, 2018		July 31, 2018
(In millions)
Restricted cash and restricted cash equivalents	$	238	$	167
Available-for-sale debt securities	200		200
Total funds held for customers	$	438	$	367

	October 31, 2017		July 31, 2017
(In millions)
Restricted cash and restricted cash equivalents	$	119	$	172
Available-for-sale debt securities	200		200
Total funds held for customers	$	319	$	372