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Stockholders' Equity (Tables)
9 Months Ended
Apr. 30, 2021
Equity [Abstract]  
Total share-based compensation expense
The following table summarizes the total share-based compensation expense that we recorded in operating income for the periods shown.
 Three Months EndedNine Months Ended
(In millions)April 30, 2021April 30, 2020April 30, 2021April 30, 2020
Cost of revenue$16 $15 $47 $44 
Selling and marketing51 27 127 86 
Research and development82 36 187 111 
General and administrative69 25 148 80 
Total share-based compensation expense$218 $103 $509 $321 
Summary of share-based awards available for grant
A summary of share-based awards available for grant under our plans for the nine months ended April 30, 2021 was as follows:
(Shares in thousands)Shares
Available
for Grant
Balance at July 31, 202018,047 
Shares available for grant under an assumed plan4,298 
Restricted stock units granted (1)
(4,667)
Options granted— 
Share-based awards canceled/forfeited/expired (1) (2)
3,181 
Balance at April 30, 202120,859 
(1)RSUs granted from the pool of shares available for grant under our 2005 Equity Incentive Plan reduce the pool by 2.3 shares for each share granted. RSUs forfeited and returned to the pool of shares available for grant under the 2005 Equity Incentive Plan increase the pool by 2.3 shares for each share forfeited. Shares granted from the Credit Karma Plan reduce the pool by one share for each share granted. Shares forfeited and returned to the pool from the Credit Karma Plan increase the pool by one share for each share forfeited.
(2)Stock options and RSUs canceled, expired or forfeited under our 2005 Equity Incentive Plan and Credit Karma Plan are returned to the pool of shares available for grant. Under the 2005 Equity Incentive Plan, shares withheld for income taxes upon vesting of RSUs that were granted on or after July 21, 2016 are also returned to the pool of shares available for grant. Stock options and RSUs canceled, expired or forfeited under older expired plans are not returned to the pool of shares available for grant
Summary of restricted stock unit activity
A summary of restricted stock unit (RSU) and restricted stock activity for the nine months ended April 30, 2021 was as follows:
(Shares in thousands)Number
of Shares
Weighted
Average
Grant Date
Fair Value
Nonvested at July 31, 20205,664 $231.97 
Assumed through acquisition1,998 355.49 
Granted (1)
1,793 376.34 
Restricted stock subject to revest provisions issued in connection with acquisition775 355.49 
Vested(1,486)244.57 
Forfeited(878)240.99 
Nonvested at April 30, 20217,866 $305.03 
(1)This includes 809,000 RSUs granted to the employees of Credit Karma in connection with the acquisition with a grant date fair value of $300 million. See Note 5, "Business Combinations."
Summary of stock option activity
A summary of stock option activity for the nine months ended April 30, 2021 was as follows:
 Options Outstanding
(Shares in thousands)Number
of Shares
Weighted
Average
Exercise
Price
Per Share
Balance at July 31, 20202,681 $185.83 
Granted— — 
Exercised(465)126.79 
Canceled or expired(72)261.11 
Balance at April 30, 20212,144 $196.11 
Exercisable at April 30, 20211,478 $156.43