XML 46 R25.htm IDEA: XBRL DOCUMENT
v3.21.1

Business Combinations (Tables) | 9 Months Ended
--- | ---
Apr. 30, 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 | $ | (850) |
Federal and state net operating loss carryforwards | 132 |
Federal research and experimentation credit carryforwards | 51 |
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 |  | Nine Months Ended
(In millions) | April 30, 2021 |  | April 30, 2020 |  | April 30, 2021 |  | April 30, 2020
Total revenue | $ | 4,173 |  |  | $ | 3,242 |  |  | $ | 7,315 |  |  | $ | 6,623 |
Net income | $ | 1,476 |  |  | $ | 949 |  |  | $ | 1,581 |  |  | $ | 1,027 |
Basic net income per share | $ | 5.41 |  |  | $ | 3.49 |  |  | $ | 5.77 |  |  | $ | 3.78 |
Diluted net income per share | $ | 5.35 |  |  | $ | 3.46 |  |  | $ | 5.71 |  |  | $ | 3.73 |

X
- Definition Schedule Of Deferred Tax Assets And Liabilities Acquired + References No definition available. + Details
Name: | intu_ScheduleOfDeferredTaxAssetsAndLiabilitiesAcquiredTableTextBlock
Namespace Prefix: | intu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration