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Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 31, 2020
Jul. 31, 2019
Current assets:    
Cash and cash equivalents $ 6,442 $ 2,116
Investments 608 624
Accounts receivable, net of allowance for doubtful accounts of $12 and $3 149 87
Income taxes receivable 12 65
Prepaid expenses and other current assets 314 266
Current assets before funds held for customers 7,525 3,158
Funds held for customers 455 436
Total current assets 7,980 3,594
Long-term investments 19 13
Property and equipment, net 734 780
Operating lease right-of-use assets 226  
Goodwill 1,654 1,655
Acquired intangible assets, net 28 54
Long-term deferred income taxes 65 1
Other assets 225 186
Total assets 10,931 6,283
Current liabilities:    
Short-term debt 1,338 50
Accounts payable 305 274
Accrued compensation and related liabilities 482 385
Deferred revenue 652 619
Other current liabilities 297 202
Current liabilities before customer fund deposits 3,074 1,530
Customer fund deposits 455 436
Total current liabilities 3,529 1,966
Long-term debt 2,031 386
Long-term deferred income tax liabilities 2 37
Operating lease liabilities 221  
Other long-term obligations 42 145
Total liabilities 5,825 2,534
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 - 261,740 shares at July 31, 2020 and 260,180 shares at July 31, 2019 3 3
Additional paid-in capital 6,179 5,772
Treasury stock, at cost (11,929) (11,611)
Accumulated other comprehensive loss (32) (36)
Retained earnings 10,885 9,621
Total stockholders’ equity 5,106 3,749
Total liabilities and stockholders’ equity $ 10,931 $ 6,283