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

6 Months Ended

Jan. 31, 2021

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, 2021				July 31, 2020
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Classification on condensed consolidated balance sheets:
Cash and cash equivalents	$	1,952	$	1,952	$	6,442	$	6,442
Investments	781		786		600		608
Funds held for customers	426		426		455		455

Total cash and cash equivalents, investments, and funds held for customers	$	3,159	$	3,164	$	7,497	$	7,505

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, 2021				July 31, 2020
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Type of issue:
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	2,178	$	2,178	$	6,697	$	6,697

Available-for-sale debt securities:
Municipal bonds	34		34		9		9
Corporate notes	864		869		744		752
U.S. agency securities	83		83		47		47

Total available-for-sale debt securities	981		986		800		808

Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments	$	3,159	$	3,164	$	7,497	$	7,505

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, 2021				July 31, 2020
(In millions)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	414	$	415	$	389	$	390
Due within two years	284		287		256		261
Due within three years	277		278		137		139
Due after three years	6		6		18		18
Total available-for-sale debt securities	$	981	$	986	$	800	$	808

Schedule of funds held for customers

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


(In millions)	January 31, 2021		July 31, 2020
Restricted cash and restricted cash equivalents	$	226	$	255
Restricted available-for-sale debt securities	200		200
Total funds held for customers	$	426	$	455


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