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Business Combinations (Tables) | 12 Months Ended
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Jul. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of recognized identified assets acquired and liabilities assumed | The allocation of the Mailchimp purchase price is as follows:
(In millions) | Amount
Cash and cash equivalents | $ | 42 |
Investments | 126 |
Accounts receivable, net | 25 |
Income taxes receivable | 1 |
Prepaid expenses and other current assets | 24 |
Long-term investments | 1 |
Property and equipment, net | 15 |
Operating lease right-of-use assets | 31 |
Goodwill | 8,102 |
Intangible assets | 4,340 |
Long-term deferred income tax assets | 6 |
Other assets | 1 |
Accounts payable | (163) |
Accrued compensation and related liabilities | (409) |
Deferred revenue | (52) |
Other current liabilities | (69) |
Long-term portion of operating lease liabilities | (20) |
Other long-term obligations | (5) |
Total purchase price allocation | $ | 11,996 |
The 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 | 7 |
Long-term investments | 3 |
Property and equipment, net | 63 |
Operating lease right-of-use assets | 167 |
Goodwill | 3,898 |
Intangible assets | 3,372 |
Other assets | 81 |
Accounts payable | (86) |
Accrued compensation and related liabilities | (113) |
Other current liabilities | (24) |
Operating lease liabilities | (172) |
Long-term deferred income tax liabilities | (627) |
Other long-term obligations | (10) |
Total purchase price allocation | $ | 7,195 |
Schedule of finite-lived intangible assets acquired as part of business combination | The following table presents the details of identifiable intangible assets acquired.
(In millions, except years) | Estimated Useful Life |  | Amount
Customer lists | 13 years |  | $ | 3,160 |
Purchased technology | 9 years |  | 900 |
Trade names/trademarks | 10 years |  | 280 |
Total identifiable intangible assets |  |  | $ | 4,340 |
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 deferred tax assets and liabilities acquired | The following table summarizes the long-term deferred income tax assets and liabilities included in the purchase price allocation above:
(In millions) | Amount
Intangibles | $ | (851) |
Federal and state net operating loss carryforwards | 138 |
Federal research and experimentation credit carryforwards | 51 |
Other, net | 35 |
Total net long-term deferred income tax liabilities | $ | (627) |

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- 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
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- 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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