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

9 Months Ended

Apr. 30, 2019

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, 2019				July 31, 2018
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Classification on consolidated balance sheets:
Cash and cash equivalents	$	2,946	$	2,946	$	1,464	$	1,464
Investments	400		400		253		252
Funds held for customers	383		383		368		367
Long-term investments	13		13		13		13
Total cash and cash equivalents, investments, and funds held for customers	$	3,742	$	3,742	$	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.

	April 30, 2019				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	$	3,129	$	3,129	$	1,631	$	1,631
Available-for-sale debt securities:
Municipal bonds	5		5		31		31
Corporate notes	570		570		414		412
U.S. agency securities	25		25		9		9
Total available-for-sale debt securities	600		600		454		452
Other long-term investments	13		13		13		13
Total cash and cash equivalents, investments, and funds held for customers	$	3,742	$	3,742	$	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.

	April 30, 2019				July 31, 2018
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	330	$	330	$	250	$	250
Due within two years	145		145		117		116
Due within three years	81		81		66		65
Due after three years	44		44		21		21
Total available-for-sale debt securities	$	600	$	600	$	454	$	452

Schedule of funds held for customers

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

	April 30, 2019		July 31, 2018
(In millions)
Restricted cash and restricted cash equivalents	$	183	$	167
Available-for-sale debt securities	200		200
Total funds held for customers	$	383	$	367

	April 30, 2018		July 31, 2017
(In millions)
Restricted cash and restricted cash equivalents	$	219	$	172
Available-for-sale debt securities	200		200
Total funds held for customers	$	419	$	372