Fair Value Measurements (Tables)

3 Months Ended

Oct. 31, 2024

Schedule of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

The following table summarizes financial assets and financial liabilities that we measured at fair value on a recurring basis at the dates indicated, classified in accordance with the fair value hierarchy described above.


	October 31, 2024				July 31, 2024
(In millions)	Level 1		Level 2		Total Fair Value		Level 1		Level 2		Total Fair Value
Assets:
Cash equivalents, primarily money market funds	$	1,832	$	—	$	1,832	$	2,538	$	—	$	2,538
Available-for-sale debt securities:

Corporate notes	—		488		488		—		456		456
U.S. agency securities	—		148		148		—		159		159
Total available-for-sale debt securities	—		636		636		—		615		615
Total assets measured at fair value on a recurring basis	$	1,832	$	636	$	2,468	$	2,538	$	615	$	3,153

Schedule of Cash Equivalents And Available-for-sale Debt And Equity Securities

The following table summarizes our cash equivalents and available-for-sale debt securities by balance sheet classification and level in the fair value hierarchy at the dates indicated.


	October 31, 2024				July 31, 2024
(In millions)	Level 1		Level 2		Total Fair Value		Level 1		Level 2		Total Fair Value
Cash equivalents:
In cash and cash equivalents	$	1,832	$	—	$	1,832	$	2,538	$	—	$	2,538




Available-for-sale debt securities:
In investments	$	—	$	486	$	486	$	—	$	465	$	465
In funds receivable and amounts held for customers	—		150		150		—		150		150

Total available-for-sale debt securities	$	—	$	636	$	636	$	—	$	615	$	615