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

6 Months Ended

Jan. 31, 2020

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.

	January 31, 2020				July 31, 2019
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Classification on condensed consolidated balance sheets:
Cash and cash equivalents	$	1,641	$	1,641	$	2,116	$	2,116
Investments	621		625		622		624
Funds held for customers	461		461		436		436
Long-term investments	13		13		13		13
Total cash and cash equivalents, investments, and funds held for customers	$	2,736	$	2,740	$	3,187	$	3,189

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.

	January 31, 2020				July 31, 2019
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Type of issue:
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	1,902	$	1,902	$	2,352	$	2,352
Available-for-sale debt securities:
Municipal bonds	1		1		5		5
Corporate notes	790		794		798		800
U.S. agency securities	30		30		19		19
Total available-for-sale debt securities	821		825		822		824
Other long-term investments	13		13		13		13
Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments	$	2,736	$	2,740	$	3,187	$	3,189

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.

	January 31, 2020				July 31, 2019
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	397	$	397	$	415	$	416
Due within two years	216		218		208		208
Due within three years	177		178		163		164
Due after three years	31		32		36		36
Total available-for-sale debt securities	$	821	$	825	$	822	$	824

Schedule of funds held for customers

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

	January 31, 2020		July 31, 2019
(In millions)
Restricted cash and restricted cash equivalents	$	261	$	236
Restricted available-for-sale debt securities	200		200
Total funds held for customers	$	461	$	436

	January 31, 2019		July 31, 2018
(In millions)
Restricted cash and restricted cash equivalents	$	234	$	167
Restricted available-for-sale debt securities	200		200
Total funds held for customers	$	434	$	367