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Stockholders' Equity (Tables) | 6 Months Ended
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Jan. 31, 2022
Equity [Abstract] |
Total share-based compensation expense | The following table summarizes the total share-based compensation expense that we recorded in operating income or loss for the periods shown.
| Three Months Ended |  | Six Months Ended
(In millions) | January 31, 2022 |  | January 31, 2021 |  | January 31, 2022 |  | January 31, 2021
Cost of revenue | $ | 38 |  |  | $ | 16 |  |  | $ | 65 |  |  | $ | 31 |
Selling and marketing | 83 |  |  | 44 |  |  | 147 |  |  | 76 |
Research and development | 132 |  |  | 67 |  |  | 241 |  |  | 105 |
General and administrative | 83 |  |  | 53 |  |  | 163 |  |  | 79 |
Total share-based compensation expense | $ | 336 |  |  | $ | 180 |  |  | $ | 616 |  |  | $ | 291 |
Summary of share-based awards available for grant | A summary of share-based awards available for grant under our plans for the six months ended January 31, 2022 was as follows:
(Shares in thousands) | Shares Available for Grant
Balance at July 31, 2021 | 16,851 |
Additional shares authorized | 19,903 |
Restricted stock units granted (1) | (3,128) |
Options granted | — |
Share-based awards canceled/forfeited/expired (1) (2) | 2,297 |
Balance at January 31, 2022 | 35,923 |
(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. Under the Credit Karma Plan, shares withheld for income taxes are also 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 six months ended January 31, 2022 was as follows:
(Shares in thousands) | Number of Shares |  | Weighted Average Grant Date Fair Value
Nonvested at July 31, 2021 | 9,038 |  |  | $ | 345.86 |
Granted (1) | 1,530 |  |  | 601.57 |
Vested | (1,622) |  |  | 314.11 |
Forfeited | (593) |  |  | 323.73 |
Nonvested at January 31, 2022 | 8,353 |  |  | $ | 400.43 |
(1)Includes approximately 583,000 RSUs granted to the employees of Mailchimp in substitution of outstanding equity incentive awards with a grant date fair value of approximately $355 million and approximately 325,000 RSUs granted to the employees of Mailchimp in connection with the acquisition with a grant date fair value of approximately $211 million. See Note 5, "Business Combinations."
Summary of stock option activity | A summary of stock option activity for the six months ended January 31, 2022 was as follows:
| Options Outstanding
(Shares in thousands) | Number of Shares |  | Weighted Average Exercise Price Per Share
Balance at July 31, 2021 | 2,204 |  |  | $ | 251.48 |
Granted | — |  |  | — |
Exercised | (81) |  |  | 207.68 |
Canceled or expired | (11) |  |  | 525.51 |
Balance at January 31, 2022 | 2,112 |  |  | $ | 251.74 |
Exercisable at January 31, 2022 | 1,406 |  |  | $ | 180.98 |

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