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Fair Value Measurements (Tables)

3 Months Ended

Oct. 31, 2020

Fair Value Disclosures [Abstract]

Financial assets and liabilities measured at fair value on recurring basis

The following table summarizes financial assets and financial liabilities that we measured at fair value on a recurring basis at the dates indicated, classified in accordance with the fair value hierarchy described above.

			October 31, 2020																		July 31, 2020
(In millions)			Level 1						Level 2												Total Fair Value						Level 1						Level 2												Total Fair Value
Assets:
Cash equivalents, primarily money market funds and time deposits			$	4,016					$	—											$	4,016					$	5,765					$	—											$	5,765
Available-for-sale debt securities:
Municipal bonds			—						17												17						—						9												9
Corporate notes			—						747												747						—						752												752
U.S. agency securities			—						55												55						—						47												47
Total available-for-sale debt securities			—						819												819						—						808												808
Total assets measured at fair value on a recurring basis			$	4,016					$	819											$	4,835					$	5,765					$	808											$	6,573
Liabilities:
Senior unsecured notes(1)			$	—					$	2,013											$	2,013					$	—					$	2,042											$	2,042

Cash equivalents and available-for-sale debt and equity securities by balance sheet classification and level in the fair value hierarchy

The following table summarizes our cash equivalents and available-for-sale debt securities by balance sheet classification and level in the fair value hierarchy at the dates indicated.

			October 31, 2020																		July 31, 2020
(In millions)			Level 1						Level 2												Total Fair Value						Level 1						Level 2												Total Fair Value
Cash equivalents:
In cash and cash equivalents			$	4,016					$	—											$	4,016					$	5,765					$	—											$	5,765
Available-for-sale debt securities:
In investments			$	—					$	619											$	619					$	—					$	608											$	608
In funds held for customers			—						200												200						—						200												200
Total available-for-sale debt securities			$	—					$	819											$	819					$	—					$	808											$	808

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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X

- References

No definition available.

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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