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Business Combinations (Tables) | 6 Months Ended
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Jan. 31, 2021
Business Combinations [Abstract] |
Preliminary Purchase Price Allocation | The preliminary allocation of the Credit Karma purchase price is as follows:
(In millions) | Amount
Cash and cash equivalents | $ | 436 |
Accounts receivable, net | 141 |
Income taxes receivable | 59 |
Prepaid expenses and other current assets | 8 |
Long-term investments | 3 |
Property and equipment, net | 63 |
Operating lease right-of-use assets | 167 |
Goodwill | 3,899 |
Intangible assets | 3,372 |
Other assets | 83 |
Accounts payable | (86) |
Accrued compensation and related liabilities | (113) |
Other current liabilities | (24) |
Operating lease liabilities | (172) |
Long-term deferred income tax liabilities | (632) |
Other long-term obligations | (10) |
Total preliminary purchase price allocation | $ | 7,194 |
Schedule of Intangible Assets Acquired | The following table presents the details of identifiable intangible assets acquired.
(In millions, except years) | Estimated Useful Life |  | Amount
User relationships | 15 years |  | $ | 2,781 |
Trade names/Trademarks | 15 years |  | 375 |
Purchased technology | 6 years |  | 216 |
Total identifiable intangible assets |  |  | $ | 3,372 |
Schedule Of Long Term Deferred Tax Assets And Liabilities Acquired | The following table summarizes the long-term deferred income tax liabilities included in the purchase price allocation above:
(In millions) | Amount
Intangibles | $ | (847) |
Federal and state net operating loss carryforwards | 135 |
Federal research and experimentation credit carryforwards | 45 |
Other, net | 35 |
Total long-term deferred income tax liabilities | $ | (632) |
Schedule of Pro Forma Information | The following table summarizes the pro forma financial information:
| Three Months Ended |  | Six Months Ended
(In millions) | January 31, 2021 |  | January 31, 2020 |  | January 31, 2021 |  | January 31, 2020
Total revenue | $ | 1,647 |  |  | $ | 1,958 |  |  | $ | 3,142 |  |  | $ | 3,381 |
Net income | $ | 23 |  |  | $ | 120 |  |  | $ | 104 |  |  | $ | 78 |
Basic net income per share | $ | 0.08 |  |  | $ | 0.44 |  |  | $ | 0.38 |  |  | $ | 0.29 |
Diluted net income per share | $ | 0.08 |  |  | $ | 0.44 |  |  | $ | 0.38 |  |  | $ | 0.28 |

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