Description of Business and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Apr. 30, 2023

The following table presents the composition of shares used in the computation of basic and diluted net income per share for the periods indicated.


	Three Months Ended				Nine Months Ended
(In millions, except per share amounts)	April 30, 2023		April 30, 2022		April 30, 2023		April 30, 2022
Numerator:


Net income	$	2,087	$	1,794	$	2,295	$	2,122

Denominator:
Shares used in basic per share amounts:
Weighted-average common shares outstanding	281		282		281		279

Shares used in diluted per share amounts:
Weighted-average common shares outstanding	281		282		281		279
Dilutive common equivalent shares from stock options
and restricted stock awards	2		4		2		5
Dilutive weighted-average common shares outstanding	283		286		283		284

Basic and diluted net income per share:


Basic net income per share	$	7.44	$	6.35	$	8.17	$	7.60



Diluted net income per share	$	7.38	$	6.28	$	8.11	$	7.48

Shares excluded from diluted net income per share:


Weighted-average stock options and restricted stock units that have been excluded from dilutive common equivalent shares outstanding due to their anti-dilutive effect	2		2		2		1