Palo Alto Networks (PANW) 10-Q 5 Jun 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Apr. 30, 2018	May 18, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Palo Alto Networks Inc
Entity Central Index Key	1,327,567
Document Type	10-Q
Document Period End Date	Apr. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Document Fiscal Year End Date	--07-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		92,880,096

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 30, 2018	Jul. 31, 2017
Current assets:
Cash and cash equivalents	$ 949	$ 744.3
Short-term investments	672.2	630.7
Accounts receivable, net of allowance for doubtful accounts of $1.1 and $0.7 at April 30, 2018 and July 31, 2017, respectively	361.8	432.1
Prepaid expenses and other current assets	222.5	169.2
Total current assets	2,205.5	1,976.3
Property and equipment, net	264.2	211.1
Long-term investments	592.9	789.3
Goodwill	522.2	238.8
Intangible assets, net	147.7	53.7
Other assets	175.8	169.1
Total assets	3,908.3	3,438.3
Current liabilities:
Accounts payable	32.7	35.5
Accrued compensation	95.1	117.5
Accrued and other liabilities	106	79.9
Deferred revenue	1,165.5	968.4
Convertible senior notes, net	543.8	0
Total current liabilities	1,943.1	1,201.3
Convertible senior notes, net	0	524.7
Long-term deferred revenue	989.4	805.1
Other long-term liabilities	226	147.6
Commitments and contingencies (Note 8)
Temporary equity	27.7	0
Stockholders’ equity:
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding at April 30, 2018 and July 31, 2017	0	0
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 92.9 and 91.5 shares issued and outstanding at April 30, 2018 and July 31, 2017, respectively	1,717.6	1,599.7
Accumulated other comprehensive loss	(13.2)	(3.4)
Accumulated deficit	(982.3)	(836.7)
Total stockholders’ equity	722.1	759.6
Total liabilities, temporary equity, and stockholders’ equity	$ 3,908.3	$ 3,438.3

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Millions, $ in Millions	Apr. 30, 2018	Jul. 31, 2017
Current assets:
Allowance for doubtful accounts (in usd)	$ 1.1	$ 0.7
Stockholders’ equity:
Preferred stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	100	100
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	1,000	1,000
Common stock, shares issued (in shares)	92.9	91.5
Common stock, shares outstanding (in shares)	92.9	91.5

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Revenue:
Product	$ 215.2	$ 164.2	$ 603.9	$ 496.8
Subscription and support	351.9	267.6	1,011.1	755.7
Total revenue	567.1	431.8	1,615	1,252.5
Cost of revenue:
Product	68.9	49.7	190.4	137.7
Subscription and support	91	74	270.2	200.4
Total cost of revenue	159.9	123.7	460.6	338.1
Total gross profit	407.2	308.1	1,154.4	914.4
Operating expenses:
Research and development	99.6	86	290.4	260.1
Sales and marketing	277.1	226.9	800.6	673.7
General and administrative	82.1	44.3	201.1	133.1
Total operating expenses	458.8	357.2	1,292.1	1,066.9
Operating loss	(51.6)	(49.1)	(137.7)	(152.5)
Interest expense	(6.5)	(6.2)	(19.2)	(18.3)
Other income, net	8.6	2.1	18.3	7.3
Loss before income taxes	(49.5)	(53.2)	(138.6)	(163.5)
Provision for (benefit from) income taxes	(2.8)	7.7	7	14.9
Net loss	$ (46.7)	$ (60.9)	$ (145.6)	$ (178.4)
Net loss per share, basic and diluted	$ (0.51)	$ (0.67)	$ (1.59)	$ (1.97)
Weighted-average shares used to compute net loss per share, basic and diluted	91.9	91	91.3	90.5

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Statement of Comprehensive Income [Abstract]
Net loss	$ (46.7)	$ (60.9)	$ (145.6)	$ (178.4)
Other comprehensive income (loss), net of tax:
Change in unrealized gains (losses) on investments	(1.9)	0	(9.1)	(4.7)
Change in unrealized gains (losses) on cash flow hedges	(4.1)	0.9	(0.7)	(0.5)
Other comprehensive income (loss)	(6)	0.9	(9.8)	(5.2)
Comprehensive loss	$ (52.7)	$ (60)	$ (155.4)	$ (183.6)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Cash flows from operating activities
Net loss	$ (145.6)	$ (178.4)
Adjustments to reconcile net loss to net cash provided by operating activities:
Share-based compensation for equity based awards	373.1	356.8
Depreciation and amortization	68	43.1
Cease-use loss related to facility exit	41.1	0
Amortization of debt discount and debt issuance costs	19.2	18.3
Amortization of investment premiums, net of accretion of purchase discounts	0.6	2.1
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable, net	72.5	(14.9)
Prepaid expenses and other assets	(60.3)	(11.8)
Accounts payable	(4.6)	2.8
Accrued compensation	(24.4)	1.7
Accrued and other liabilities	42.4	39.2
Deferred revenue	377.1	370.1
Net cash provided by operating activities	759.1	629
Cash flows from investing activities
Purchases of investments	(387.9)	(726.9)
Proceeds from maturities of investments	531	520.7
Business acquisitions, net of cash acquired	(370.1)	(90.7)
Purchases of property, equipment, and other assets	(86.6)	(114.2)
Net cash used in investing activities	(313.6)	(411.1)
Cash flows from financing activities
Repurchases of common stock	(259.1)	(295.1)
Proceeds from sales of shares through employee equity incentive plans	52.6	45.8
Payments for taxes related to net share settlement of equity awards	(34.3)	(11)
Net cash used in financing activities	(240.8)	(260.3)
Net increase (decrease) in cash and cash equivalents	204.7	(42.4)
Cash and cash equivalents—beginning of period	744.3	734.4
Cash and cash equivalents—end of period	949	692
Non-cash investing and financing activities
Property and equipment acquired through lease incentives	$ 37.8	$ 0

Description of Business, Basis

Description of Business, Basis of Presentation, Principles of Consolidation, and Summary of Significant Accounting Policies (Notes)	9 Months Ended
	Apr. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of business, basis of presentation, principles of consolidation, and summary of significant accounting policies	Description of Business and Summary of Significant Accounting Policies Description of Business Palo Alto Networks, Inc. (the “Company,” “we,” “us,” or “our”), located in Santa Clara, California, was incorporated in March 2005 under the laws of the State of Delaware and commenced operations in April 2005. We offer a security operating platform that empowers enterprises, service providers, and government entities to secure their organizations by safely enabling applications running in their networks, on their endpoints, and in the cloud, and by preventing breaches that stem from targeted cyberattacks. Basis of Presentation and Principles of Consolidation The accompanying condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) , consistent in all material respects with those applied in our Annual Report on Form 10-K for the fiscal year ended July 31, 2017 , filed with the Securities and Exchange Commission (“SEC”) on September 7, 2017. Our condensed consolidated financial statements include our accounts and our wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Our condensed consolidated financial statements are unaudited, but include all adjustments of a normal recurring nature necessary for a fair presentation of our quarterly results. We have made estimates and judgments affecting the amounts reported in our condensed consolidated financial statements and the accompanying notes. The actual results that we experience may differ materially from our estimates. Certain prior-period amounts have been reclassified to conform to current-period presentation. Our condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes in our Annual Report on Form 10-K for the fiscal year ended July 31, 2017 . Summary of Significant Accounting Policies There have been no material changes to our significant accounting policies as of and for the nine months ended April 30, 2018 , as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended July 31, 2017 . Recently Adopted Accounting Pronouncements Derivatives and Hedging In August 2017, the Financial Accounting Standards Board (“FASB”) issued new authoritative guidance on derivatives and hedging to better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships, and the presentation of hedge results. We early adopted the standard in our second quarter of fiscal 2018 on a modified retrospective basis. The adoption of this standard did not have a material impact on our condensed consolidated financial statements. Recently Issued Accounting Pronouncements Business Combinations - Definition of a Business In January 2017, the FASB issued authoritative guidance clarifying the definition of a business to assist companies with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The standard is effective for us in our first quarter of fiscal 2019 and will be applied on a prospective basis. Early adoption is permitted. We do not expect the adoption of the standard will have a material impact on our condensed consolidated financial statements. Statement of Cash Flows - Restricted Cash In November 2016, the FASB issued authoritative guidance on the presentation of restricted cash or restricted cash equivalents in the statement of cash flows. Under the new standard, restricted cash or restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard is effective for us in our first quarter of fiscal 2019 and will be applied on a retrospective basis. Early adoption is permitted. We do not expect the adoption of the standard will have a material impact on our condensed consolidated financial statements because our restricted cash balance has not been material. Income Taxes - Intra-Entity Asset Transfers In October 2016, the FASB issued authoritative guidance requiring the recognition of income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. The standard is effective for us in our first quarter of fiscal 2019 and will be applied on a modified retrospective basis through a cumulative-effect adjustment to accumulated deficit as of the date of adoption. Early adoption is permitted. We plan to adopt the standard in our first quarter of fiscal 2019. The adoption of this standard may have a material impact on our condensed consolidated financial statements, subject to any potential intra-entity transfers of assets (excluding inventory) and additional guidance and interpretations issued by U.S. regulatory and standard-setting bodies related to the Tax Cuts and Jobs Act (“TCJA”) enacted into law on December 22, 2017. Refer to Note 11 . Income Taxes for more information on the TCJA. Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued new authoritative guidance addressing eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain transactions are presented and classified in the statement of cash flows. The standard is effective for us in our first quarter of fiscal 2019 and will be applied on a retrospective basis. Early adoption is permitted. We do not expect the adoption of the standard will have a material impact on our condensed consolidated financial statements. Financial Instruments - Credit Losses In June 2016, the FASB issued new authoritative guidance on the accounting for credit losses on most financial assets and certain financial instruments. The standard replaces the existing incurred loss model with an expected credit loss model for financial assets measured at amortized cost, including trade receivables, and requires that credit losses on available-for-sale debt securities be presented as an allowance rather than as a write-down. The standard is effective for us in our first quarter of fiscal 2021 and will be applied on a modified retrospective basis. Early adoption is permitted beginning our first quarter of fiscal 2020. We are currently evaluating whether this standard will have a material impact on our condensed consolidated financial statements. Leases In February 2016, the FASB issued new authoritative guidance on lease accounting. Among its provisions, the standard requires lessees to recognize right-of-use assets and lease liabilities on the balance sheet for operating leases and also requires additional qualitative and quantitative disclosures about lease arrangements. The standard is effective for us in our first quarter of fiscal 2020 and will be applied on a modified retrospective basis, with the option to elect certain practical expedients. Early adoption is permitted. We are currently evaluating whether this standard will have a material impact on our condensed consolidated financial statements. Revenue Recognition In May 2014, the FASB issued new authoritative guidance on revenue from contracts with customers. The new standard provides principles for recognizing revenue for the transfer of promised goods or services to customers with the consideration to which the entity expects to be entitled in exchange for those goods or services, as well as guidance on the recognition of costs related to obtaining and fulfilling customer contracts. The standard also requires expanded disclosures about the nature, amount, timing, and uncertainty of revenues and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The standard is effective for us in our first quarter of fiscal 2019 using either of two methods: (i) retrospective to each prior reporting period presented with the option to elect certain practical expedients as defined within the guidance (“full retrospective method”); or (ii) retrospective with the cumulative effect of initially applying the guidance recognized at the date of initial application and providing certain additional disclosures as defined per the guidance (“modified retrospective method”). We will adopt the standard in our first quarter of fiscal 2019 using the full retrospective method and are on schedule with the preparation of our relevant prior-period financial statements. We are continuing to evaluate the impact of the new standard on our accounting policies, processes, internal controls over financial reporting, and system requirements, and have assigned cross-functional internal resources and engaged third-party service providers to assist in our evaluation and system implementation. Furthermore, we have made and will continue to make investments in systems to enable timely and accurate reporting under the new standard. We are also continuing to evaluate the impact the standard will have on our condensed consolidated financial statements and disclosures, including reviewing the provisions of our customer contracts and identifying performance obligations under the requirements of the new standard, and comparing to our current accounting policies and practices. Although we have not yet determined whether the effect will be material, we believe the new standard will impact our accounting for revenue arrangements in the following areas: • removal of the current limitation on contingent revenue may result in revenue being recognized earlier for certain contracts; • term license revenue associated with our virtual firewalls will be recognized upfront; • allocation of revenue related to software due to the removal of the residual method of revenue recognition; and • amortization period for incremental costs to obtain or fulfill customer contracts. The exact impact of the new standard will be dependent on facts and circumstances at adoption and could vary from quarter to quarter.

Fair Value Measurements (Notes)

Fair Value Measurements (Notes)	9 Months Ended
	Apr. 30, 2018
Fair Value Disclosures [Abstract]
Fair value measurements	Fair Value Measurements We categorize assets and liabilities recorded or disclosed at fair value on our condensed consolidated balance sheets based upon the level of judgment associated with inputs used to measure their fair value. The categories are as follows: • Level 1—Inputs are unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2—Inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the assets or liabilities, either directly or indirectly through market corroboration, for substantially the full term of the financial instruments. • Level 3—Inputs are unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value. The inputs require significant management judgment or estimation. The following table presents the fair value of our financial assets and liabilities measured at fair value on a recurring basis using the above input categories as of April 30, 2018 and July 31, 2017 (in millions): April 30, 2018 July 31, 2017 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 361.8 $ — $ — $ 361.8 $ — $ — $ — $ — Commercial paper — 32.1 — 32.1 — — — — Corporate debt securities — 1.0 — 1.0 — — — — U.S. government and agency securities — 129.6 — 129.6 — — — — Total cash equivalents 361.8 162.7 — 524.5 — — — — Short-term investments: Certificates of deposit — 5.4 — 5.4 — — — — Corporate debt securities — 145.6 — 145.6 — 159.4 — 159.4 U.S. government and agency securities — 521.2 — 521.2 — 471.3 — 471.3 Total short-term investments — 672.2 — 672.2 — 630.7 — 630.7 Prepaid expenses and other current assets: Foreign currency forward contracts — 1.0 — 1.0 — — — — Total prepaid expenses and other current assets — 1.0 — 1.0 — — — — Long-term investments: Certificates of deposit — — — — — 5.4 — 5.4 Corporate debt securities — 135.6 — 135.6 — 186.5 — 186.5 U.S. government and agency securities — 457.3 — 457.3 — 597.4 — 597.4 Total long-term investments — 592.9 — 592.9 — 789.3 — 789.3 Total assets measured at fair value $ 361.8 $ 1,428.8 $ — $ 1,790.6 $ — $ 1,420.0 $ — $ 1,420.0 Accrued and other liabilities: Foreign currency forward contracts $ — $ 2.3 $ — $ 2.3 $ — $ — $ — $ — Total accrued and other liabilities — 2.3 — 2.3 — — — — Total liabilities measured at fair value $ — $ 2.3 $ — $ 2.3 $ — $ — $ — $ — As of April 30, 2018 , we did not have any assets required to be measured at fair value on a nonrecurring basis. As of July 31, 2017 , we determined that certain property and equipment related to our previous corporate headquarters were impaired. In connection with our planned relocation to our new corporate headquarters, we assessed the recoverability of certain leasehold improvements and other long-lived assets associated with our previous headquarter facilities and determined that the carrying amount of these assets exceeded their fair value of $4.2 million . The resulting impairment loss of $20.9 million was recorded as general and administrative expense in our consolidated statements of operations during the fiscal year ended July 31, 2017. We calculated the fair value of the leasehold improvements and other long-lived assets based on estimated future discounted cash flows and classified the fair value as a Level 3 measurement due to the significance of unobservable inputs, which included the amount and timing of estimated sublease rental receipts that we could reasonably obtain over the remaining lease term and the discount rate. We did not have any liabilities required to be measured at fair value on a nonrecurring basis as of April 30, 2018 and July 31, 2017 . Refer to Note 7 . Convertible Senior Notes for the carrying amount and estimated fair value of our convertible senior notes as of April 30, 2018 and July 31, 2017 .

Cash Equivalents and Investment

Cash Equivalents and Investments (Notes)	9 Months Ended
	Apr. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Cash equivalents and investments	Cash Equivalents and Investments The following tables summarize the amortized cost, unrealized gains and losses, and fair value of our available-for-sale securities as of April 30, 2018 and July 31, 2017 (in millions): April 30, 2018 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash equivalents: Money market funds $ 361.8 $ — $ — $ 361.8 Commercial paper 32.1 — — 32.1 Corporate debt securities 1.0 — — 1.0 U.S. government and agency securities 129.6 — — 129.6 Total cash equivalents $ 524.5 $ — $ — $ 524.5 Investments: Certificates of deposit $ 5.4 $ — $ — $ 5.4 Corporate debt securities 283.9 0.1 (2.8 ) 281.2 U.S. government and agency securities 987.6 — (9.1 ) 978.5 Total investments $ 1,276.9 $ 0.1 $ (11.9 ) $ 1,265.1 July 31, 2017 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Investments: Certificates of deposit $ 5.4 $ — $ — $ 5.4 Corporate debt securities 346.1 0.3 (0.5 ) 345.9 U.S. government and agency securities 1,071.2 0.1 (2.6 ) 1,068.7 Total investments $ 1,422.7 $ 0.4 $ (3.1 ) $ 1,420.0 Unrealized losses related to these securities are due to interest rate fluctuations as opposed to credit quality. In addition, we do not intend to sell and it is not likely that we would be required to sell these securities before recovery of their amortized cost basis, which may be at maturity. As a result, there were no other-than-temporary impairments for these securities at April 30, 2018 and July 31, 2017 . The following table summarizes the amortized cost and fair value of our available-for-sale securities as of April 30, 2018 , by contractual years-to-maturity (in millions): Amortized Cost Fair Value Due within one year $ 1,199.8 $ 1,196.7 Due between one and three years 601.6 592.9 Total $ 1,801.4 $ 1,789.6

Derivative Instruments (Notes)

Derivative Instruments (Notes)	9 Months Ended
	Apr. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative instruments	Derivative Instruments As a global business, we are exposed to currency exchange rate risk. Substantially all of our revenue is transacted in U.S. dollars, however, a portion of our operating expenditures are incurred outside of the United States and are denominated in foreign currencies, making them subject to fluctuations in foreign currency exchange rates. We enter into foreign currency derivative contracts with maturities of 13 months or less which we designate as cash flow hedges to manage the foreign currency exchange rate risk associated with these expenditures. These derivative contracts expose us to credit risk to the extent that the counterparties may be unable to meet the terms of the arrangement. We mitigate this credit risk by transacting with major financial institutions with high credit ratings and also enter into master netting arrangements, which permit net settlement of transactions with the same counterparty. We are not required to pledge, and are not entitled to receive, cash collateral related to these derivative instruments. We do not enter into derivative contracts for trading or speculative purposes. Our derivative financial instruments are recorded at fair value, on a gross basis, as either assets or liabilities in our condensed consolidated balance sheets. Gains or losses related to our cash flow hedges are recorded as a component of accumulated other comprehensive income (loss) (“AOCI”) in our condensed consolidated balance sheets and are reclassified into the financial statement line item associated with the underlying hedged transaction in our condensed consolidated statements of operations when the underlying hedged transaction is recognized in earnings. If it becomes probable that the hedged transaction will not occur, the cumulative unrealized gain or loss is reclassified immediately from AOCI into the financial statement line item associated with the underlying hedged transaction in our condensed consolidated statements of operations. Gains or losses related to non-designated derivative instruments are recognized in other income (expense), net in our condensed consolidated statements of operations for each period until the instrument matures, is terminated, is re-designated as a qualified cash flow hedge, or is sold. Derivatives designated as cash flow hedges are classified in our condensed consolidated statements of cash flows in the same manner as the underlying hedged transaction, primarily within cash flows from operating activities. As of April 30, 2018 , the total notional amount of our outstanding foreign currency forward contracts was $154.6 million . We did not have any forward contracts outstanding as of July 31, 2017 . Refer to Note 2 . Fair Value Measurements for the fair value of our derivative instruments as reported in our condensed consolidated balance sheets as of April 30, 2018 . During the three and nine months ended April 30, 2018 and 2017 , both unrealized gains and losses recognized in AOCI related to our cash flow hedges and amounts reclassified into earnings were not material. Unrealized losses in AOCI related to our cash flow hedges as of April 30, 2018 and 2017 were not material.

Acquisitions (Notes)

Acquisitions (Notes)	9 Months Ended
	Apr. 30, 2018
Business Combinations [Abstract]
Acquisitions	Acquisitions Evident.io, Inc. On March 26, 2018, we completed our acquisition of all outstanding shares of Evident.io, Inc. (“Evident.io”) , a privately-held cloud security company. The acquisition expands our API-based security capabilities for the public cloud with the addition of Evident.io ’s cloud services infrastructure protection technology. Total purchase consideration for the acquisition of Evident.io was $292.9 million in cash, of which $4.0 million was accrued and will be paid over a period of five months from the acquisition date. We have accounted for this transaction as a business combination and allocated the purchase consideration to assets acquired and liabilities assumed based on preliminary estimated fair values, as presented in the following table (in millions): Amount Goodwill $ 209.8 Identified intangible assets 85.1 Net liabilities assumed (2.0 ) Total $ 292.9 Goodwill generated from this business combination is primarily attributable to the assembled workforce and expected post-acquisition synergies from integrating Evident.io ’s technology into our platform and sales opportunities of Evident.io ’s software as a service (“SaaS”) offerings. The goodwill is not deductible for income tax purposes. The following table presents details of the identified intangible assets acquired (in millions, except years): Fair Value Estimated Useful Life Developed technology $ 68.4 6 years Trade name and trademarks 8.5 8 years Customer relationships 8.2 8 years Total $ 85.1 In addition, we paid $6.6 million in cash to settle certain Evident.io stock options, for which vesting was accelerated in connection with the acquisition and the subsequent termination of the option holders’ services. This amount was recorded as post-acquisition share-based compensation included in general and administrative expenses in our condensed consolidated statements of operations. Cyber Secdo Ltd. On April 24, 2018, we completed our acquisition of all outstanding shares of Cyber Secdo Ltd. (“Secdo”) , a privately-held company specializing in endpoint detection and response (“EDR”) . The acquisition expands the functionality of our platform by adding EDR capabilities. Total purchase consideration for the acquisition of Secdo was $82.7 million in cash. We have accounted for this transaction as a business combination and allocated the purchase consideration to assets acquired and liabilities assumed based on preliminary estimated fair values, as presented in the following table (in millions): Amount Goodwill $ 68.6 Identified intangible assets 17.3 Net liabilities assumed (3.2 ) Total $ 82.7 Goodwill generated from this business combination is primarily attributable to the assembled workforce and expected post-acquisition synergies from integrating Secdo ’s technology into our advanced endpoint protection offering and our platform. The goodwill is not deductible for income tax purposes. The following table presents details of the identified intangible assets acquired (in millions, except years): Fair Value Estimated Useful Life Developed technology $ 16.4 5 years Customer relationships 0.9 2 years Total $ 17.3 Additional Acquisition-Related Information The operating results of the acquired companies are included in our condensed consolidated statements of operations from the respective dates of acquisition. Pro forma results of operations have not been presented because the effects of these acquisitions, individually and in the aggregate, were not material to our condensed consolidated statements of operations. Additional information, such as that related to income tax and other contingencies, existing as of the acquisition date but unknown to us may become known during the remainder of the measurement period, not to exceed 12 months from the respective acquisition date, which may result in changes to the amounts and allocations recorded.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Notes)	9 Months Ended
	Apr. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The following table presents details of our goodwill during the nine months ended April 30, 2018 (in millions): Amount Balance as of July 31, 2017 $ 238.8 Goodwill acquired 283.4 Balance as of April 30, 2018 $ 522.2 Purchased Intangible Assets The following table presents details of our purchased intangible assets as of April 30, 2018 and July 31, 2017 (in millions): April 30, 2018 July 31, 2017 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets subject to amortization: Developed technology $ 154.5 $ (32.0 ) $ 122.5 $ 69.7 $ (23.8 ) $ 45.9 Customer relationships 12.2 (0.7 ) 11.5 3.1 (0.4 ) 2.7 Acquired intellectual property 8.9 (4.4 ) 4.5 8.9 (3.8 ) 5.1 Trade name and trademarks 8.5 (0.1 ) 8.4 — — — Other 2.2 (2.2 ) — 2.2 (2.2 ) — Total intangible assets subject to amortization 186.3 (39.4 ) 146.9 83.9 (30.2 ) 53.7 Intangible assets not subject to amortization: In-process research and development 0.8 — 0.8 — — — Total purchased intangible assets $ 187.1 $ (39.4 ) $ 147.7 $ 83.9 $ (30.2 ) $ 53.7 We recognized amortization expense of $3.8 million and $9.2 million for the three and nine months ended April 30, 2018 , respectively, and $2.5 million and $7.1 million for the three and nine months ended April 30, 2017 , respectively. The following table summarizes estimated future amortization expense of our intangible assets as of April 30, 2018 (in millions): Amount Fiscal years ending July 31: Remaining 2018 $ 7.0 2019 27.8 2020 27.7 2021 25.7 2022 21.2 2023 and thereafter 37.5 Total future amortization expense $ 146.9

Convertible Senior Notes (Notes

Convertible Senior Notes (Notes)	9 Months Ended
	Apr. 30, 2018
Debt Disclosure [Abstract]
Convertible senior notes	Convertible Senior Notes Convertible Senior Notes On June 30, 2014 , we issued $575.0 million aggregate principal amount of 0.0% Convertible Senior Notes due 2019 (the “Notes”) . The Notes mature on July 1, 2019 unless converted or repurchased in accordance with their terms prior to such date. The Notes do not contain any financial covenants and we cannot redeem the Notes prior to maturity. The Notes are convertible for up to 5.2 million shares of our common stock at an initial conversion price of approximately $110.28 per share of common stock, subject to adjustment. Holders of the Notes may surrender their Notes for conversion at their option at any time prior to the close of business on the business day immediately preceding January 1, 2019 , only under the following circumstances: • during any fiscal quarter commencing after the fiscal quarter ending on October 31, 2014 (and only during such fiscal quarter), if the last reported sale price of our common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the conversion price for the Notes on each applicable trading day (the “sale price condition”) ; • during the five business day period after any five consecutive trading day period, in which the trading price per $1,000 principal amount of Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate for the Notes on each such trading day; or • upon the occurrence of specified corporate events. On or after January 1, 2019, holders may convert all or any portion of their Notes at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date regardless of the foregoing conditions. Upon conversion, holders will receive cash equal to the aggregate principal amount of the Notes to be converted, and, at our election, cash and/or shares of our common stock for any amounts in excess of the aggregate principal amount of the Notes being converted. As of April 30, 2018 , all of the Notes remained outstanding. The sale price condition was met during the fiscal quarter ended April 30, 2018 , and as a result, holders may convert their Notes at any time during the fiscal quarter ending July 31, 2018 . Accordingly, the net carrying amount of the Notes was reclassified into current liabilities and the portion of the equity component representing the conversion option was reclassified into temporary equity in our condensed consolidated balance sheets as of April 30, 2018 . The portion of the equity component classified as temporary equity is measured as the difference between the principal and net carrying amount of the Notes , excluding debt issuance costs. The sale price condition was not met during the fiscal quarter ended July 31, 2017 . Since the Notes were not convertible, the net carrying amount of the Notes was classified as a long-term liability and the equity component was included in additional paid-in capital in our condensed consolidated balance sheets as of July 31, 2017 . The following table sets forth the components of the Notes as of April 30, 2018 and July 31, 2017 (in millions): April 30, 2018 July 31, 2017 Liability: Principal $ 575.0 $ 575.0 Less: debt discount and debt issuance costs, net of amortization 31.2 50.3 Net carrying amount $ 543.8 $ 524.7 Equity (including temporary equity) $ 109.8 $ 109.8 The total estimated fair value of the Notes was $1.0 billion and $747.5 million at April 30, 2018 and July 31, 2017 , respectively. The fair value was determined based on the closing trading price per $100 of the Notes as of the last day of trading for the period. We consider the fair value of the Notes at April 30, 2018 and July 31, 2017 to be a Level 2 measurement. The fair value of the Notes is primarily affected by the trading price of our common stock and market interest rates. As of April 30, 2018 , the if-converted value of the Notes exceeded its principal amount by $406.8 million . The following table sets forth interest expense recognized related to the Notes (dollars in millions): Three Months Ended Nine Months Ended April 30, April 30, 2018 2017 2018 2017 Amortization of debt discount $ 5.7 $ 5.5 $ 17.1 $ 16.4 Amortization of debt issuance costs 0.8 0.7 2.1 1.9 Total interest expense recognized $ 6.5 $ 6.2 $ 19.2 $ 18.3 Effective interest rate of the liability component 4.8 % 4.8 % 4.8 % 4.8 % Note Hedges To minimize the impact of potential economic dilution upon conversion of the Notes , we entered into convertible note hedge transactions (the “Note Hedges”) with respect to our common stock concurrent with the issuance of the Notes . The Note Hedges cover up to 5.2 million shares of our common stock at a strike price per share that corresponds to the initial conversion price of the Notes, which are also subject to adjustment, and are exercisable upon conversion of the Notes . The Note Hedges will expire upon maturity of the Notes . The Note Hedges are separate transactions and are not part of the terms of the Notes . Holders of the Notes will not have any rights with respect to the Note Hedges . The shares receivable related to the Note Hedges are excluded from the calculation of diluted earnings per share as they are antidilutive. Warrants Separately, but concurrently with our issuance of the Notes , we entered into transactions whereby we sold warrants (the “Warrants”) to acquire up to 5.2 million shares of our common stock at a strike price of approximately $137.85 per share, subject to adjustments. The shares issuable under the Warrants will be included in the calculation of diluted earnings per share when the average market value per share of our common stock for the reporting period exceeds the strike price of the Warrants . The Warrants are separate transactions and are not part of the Notes or Note Hedges , and are not remeasured through earnings each reporting period. Holders of the Notes and Note Hedges will not have any rights with respect to the Warrants . For more information on the Notes , the Note Hedges , and the Warrants , refer to Note 8. Convertible Senior Notes included in Part II, Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2017 .

Commitments and Contingencies (

Commitments and Contingencies (Notes)	9 Months Ended
	Apr. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and Contingencies Leases We lease our facilities under various non-cancelable operating leases, which expire through the year ending July 31, 2028 . In May 2015 and October 2015, we entered into a total of three lease agreements for approximately 941,000 square feet of corporate office space in Santa Clara, California, which serves as our new corporate headquarters. The leases contain rent holiday periods, scheduled rent increases, lease incentives, and renewal options which allow the lease terms to be extended beyond their expiration dates of July 2028 through July 2046. In September 2017, per the terms of the lease agreements, the landlords exercised their option to amend our lease payment schedules and eliminate our rent holiday periods, which increased our rental payments by $24.4 million , $11.8 million , and $2.0 million for fiscal 2018 , 2019 , and 2020 , respectively. In exchange, we received an upfront cash reimbursement of $38.2 million during the three months ended October 31, 2017, which we will apply against the future additional rental payments when due. As amended, rental payments under the three lease agreements are approximately $412.0 million over the lease terms. In May 2015, we also entered into a lease agreement for approximately 122,000 square feet of space in Santa Clara, California, to serve as an extension of our previous corporate headquarters. The lease contains scheduled rent increases, lease incentives, and renewal options which allow the lease term to be extended beyond the expiration date of April 2021 through July 2046. Rental payments under the lease agreement are approximately $23.1 million over the lease term. In December 2017, we entered into an agreement to sublease this office space for the remaining lease term. Proceeds from this sublease will be approximately $16.3 million over the sublease term. In September 2012, we entered into two lease agreements for a total of approximately 300,000 square feet of space in Santa Clara, California, which served as our previous corporate headquarters through August 2017, when we relocated to our new corporate campus. The leases contain rent holiday periods and two separate five -year options to extend the lease terms beyond their expiration dates of July 2023. Rental payments under these lease agreements are approximately $94.3 million over the lease term. In August 2017, we exited our previous headquarter facilities and relocated to our new corporate campus, which resulted in the recognition of a cease-use loss of $15.4 million during the three months ended October 31, 2017. Due to the changes in market conditions in recent months, we recognized an additional cease-use loss of $23.8 million during the three months ended April 30, 2018, based on changes to the amount and timing of estimated cash flows from sublease rentals that could be reasonably obtained. The total cease-use loss of $39.2 million , recognized as general and administrative expense in our condensed consolidated statements of operations during the nine months ended April 30, 2018, and a corresponding liability in our condensed consolidated balance sheets, was calculated as the present value of the excess of the remaining lease obligation for the vacated facilities, adjusted for the effects of any deferred items recognized under the leases and related costs, over the estimated sublease rentals that could be reasonably obtained. The amount of the cease-use loss may vary if the timing or amount of estimated cash flows change. During the three and nine months ended April 30, 2018 , we released $2.8 million and $7.4 million , respectively, of the cease-use liability through rental payments. As of April 30, 2018 , the remaining balance of the cease-use liability was $31.8 million , which is expected to be paid through the end of the lease term in July 2023. The following table presents details of the aggregate future non-cancelable minimum rental payments under our operating leases as of April 30, 2018 (in millions): Amount Fiscal years ending July 31: Remaining 2018 $ 16.7 2019 65.9 2020 67.8 2021 63.3 2022 59.7 2023 and thereafter 281.3 Committed gross lease payments 554.7 Less: proceeds from sublease rentals 14.6 Net operating lease obligation $ 540.1 Manufacturing Purchase Commitments Our electronics manufacturing service provider (“EMS provider”) procures components and assembles our products based on our forecasts. These forecasts are based on estimates of demand for our products primarily for the next 12 months, which are in turn based on historical trends and an analysis from our sales and product management organizations, adjusted for overall market conditions. In order to reduce manufacturing lead times and plan for adequate supply, we may issue non-cancelable orders for products and components to our manufacturing partners or component suppliers. As of April 30, 2018 , our purchase commitments under such orders were $142.7 million , excluding obligations under contracts that we can cancel without a significant penalty. Other Purchase Commitments In March 2018, we amended an agreement with a third-party provider for our use of certain cloud services through June 2020. Under the non-cancelable addendum, we are committed to a minimum purchase of $14.0 million between April 2018 and March 2019 and $8.0 million between April 2019 and March 2020. As of April 30, 2018 , our purchase commitment under the addendum was $22.0 million . Litigation We are subject to legal proceedings, claims, and litigation arising in the ordinary course of business, including intellectual property litigation. Such matters are subject to many uncertainties and outcomes are not predictable with assurance. We accrue for contingencies when we believe that a loss is probable and that we can reasonably estimate the amount of any such loss. To the extent there is a reasonable possibility that a loss exceeding amounts already recognized may be incurred and the amount of such additional loss would be material, we will either disclose the estimated additional loss or state that such an estimate cannot be made. As of April 30, 2018 , we have not recorded any significant accruals for loss contingencies associated with such legal proceedings, determined that an unfavorable outcome is probable or reasonably possible, or determined that the amount or range of any possible loss is reasonably estimable.

Stockholders' Equity (Notes)

Stockholders' Equity (Notes)	9 Months Ended
	Apr. 30, 2018
Equity [Abstract]
Stockholders’ equity	Stockholders’ Equity Share Repurchase In August 2016, our board of directors authorized a $500.0 million share repurchase that is funded from available working capital. In February 2017, our board of directors authorized a $500.0 million increase to our repurchase program, bringing the total authorization to $1.0 billion . Repurchases may be made at management’s discretion from time to time on the open market, through privately negotiated transactions, transactions structured through investment banking institutions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. The repurchase authorization will expire on December 31, 2018 , and may be suspended or discontinued at any time. During the nine months ended April 30, 2018 , we repurchased and retired 1.7 million shares of our common stock under the authorization for an aggregate purchase price of $250.0 million , including transaction costs. The total price of the shares repurchased and related transaction costs are reflected as a reduction to common stock and additional paid-in capital on our condensed consolidated balance sheets. As of April 30, 2018 , $330.0 million remained available for future share repurchases under the repurchase authorization.

Equity Award Plans (Notes)

Equity Award Plans (Notes)	9 Months Ended
	Apr. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity award plans	Equity Award Plans 2012 Employee Stock Purchase Plan Our 2012 Employee Stock Purchase Plan was adopted by our board of directors and approved by the stockholders on June 5, 2012, and was effective upon completion of our initial public offering (“IPO”) . On August 29, 2017, we amended and restated our 2012 Employee Stock Purchase Plan (our “2012 ESPP”) to extend the length of our offering periods from six to 24 months . Under our 2012 ESPP , each 24 -month offering period consists of four consecutive six -month purchase periods, with purchase dates on the first trading day on or after February 28 and August 31 of each year. Our 2012 ESPP permits eligible employees to acquire shares of our common stock at 85% of the lower of the fair market value of our common stock on the first trading day of each offering period or on the purchase date. If the fair market value of our common stock on the purchase date is lower than the first trading day of the offering period, the current offering period will be cancelled after purchase and a new 24 -month offering period will begin. Participants may purchase shares of common stock through payroll deductions of up to 15% of their eligible compensation, subject to purchase limits of 625 shares per six-month purchase period and $25,000 worth of stock for each calendar year. Stock Option Activities The following table summarizes the stock option activity under our stock plans during the reporting period (in millions, except per share amounts): Options Outstanding Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Balance—July 31, 2017 1.6 $ 13.11 4.2 $ 190.6 Options granted — $ — Options forfeited — $ — Options exercised (0.4 ) $ 11.77 Balance—April 30, 2018 1.2 $ 13.54 3.5 $ 217.0 Options exercisable—April 30, 2018 1.2 $ 13.54 3.5 $ 217.0 Restricted Stock Award (“RSA”) , Performance-Based Stock Award (“PSA”) , Restricted Stock Unit (“RSU”) , and Performance-Based Stock Unit (“PSU”) Activities Our PSAs and PSUs vest over a period of four years from the date of grant. The actual number of PSAs and PSUs earned and eligible to vest are determined based on level of achievement against a pre-established billings target for the fiscal year in which the awards are granted. We recognize share-based compensation expense for our PSAs and PSUs on a straight-line basis over the requisite service period for each separately vesting portion of the award when it is probable that the performance condition will be achieved. The following table summarizes the RSA , PSA , RSU , and PSU activity under our stock plans during the reporting period (in millions, except per share amounts): RSAs and PSAs Outstanding RSUs and PSUs Outstanding Number of Shares Weighted-Average Grant-Date Fair Value Per Share Number of Shares Weighted-Average Grant-Date Fair Value Per Share Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Balance—July 31, 2017 1.0 $ 163.55 6.5 $ 141.16 1.3 $ 854.1 Granted (1) — $ — 2.8 $ 152.36 Vested (0.3 ) $ 168.33 (2.7 ) $ 137.19 Forfeited (0.3 ) $ 157.49 (0.5 ) $ 143.24 Balance—April 30, 2018 0.4 $ 162.85 6.1 $ 147.82 1.5 $ 1,181.3 ______________ (1) For PSA s and PSU s, shares granted represents the aggregate maximum number of shares that may be earned and issued with respect to these awards over their full terms. Share-Based Compensation The following table summarizes share-based compensation included in costs and expenses (in millions): Three Months Ended Nine Months Ended April 30, April 30, 2018 2017 2018 2017 Cost of product revenue $ 1.7 $ 1.8 $ 5.5 $ 5.5 Cost of subscription and support revenue 15.1 14.0 50.9 41.3 Research and development 35.4 37.1 108.4 116.4 Sales and marketing 50.7 46.2 155.2 139.7 General and administrative 20.8 18.3 60.2 55.1 Total share-based compensation $ 123.7 $ 117.4 $ 380.2 $ 358.0 As of April 30, 2018 , total compensation cost related to unvested share-based awards not yet recognized was $920.0 million . This cost is expected to be amortized on a straight-line basis over a weighted-average period of approximately 2.6 years .

Income Taxes (Notes)

Income Taxes (Notes)	9 Months Ended
	Apr. 30, 2018
Income Tax Disclosure [Abstract]
Income taxes	Income Taxes Our provision for (benefit from) income taxes for the three and nine months ended April 30, 2018 reflects an effective tax rate of 5.7% and (5.1)% , respectively. Our effective tax rate for the nine months ended April 30, 2018 was negative as we recorded a provision for income taxes on year to date losses. The key components of our income tax provision primarily consisted of foreign income taxes, withholding taxes, and amortization of our deferred tax charges. In addition, we recorded the following one-time tax benefits during the nine months ended April 30, 2018: $5.8 million due to new tax legislation enacted during the fiscal quarter ended January 31, 2018; $4.6 million due to a partial release of our valuation allowance related to our acquisition of Evident.io during the fiscal quarter ended April 30, 2018; and $3.5 million due to an Israeli judicial ruling related to share-based compensation during the fiscal quarter ended April 30, 2018. Our effective tax rate differs from the U.S. statutory tax rate primarily due to deductibility of our share-based compensation, foreign income at other than U.S. tax rates, and changes in our valuation allowance. Our provision for income taxes for the three and nine months ended April 30, 2017 reflects an effective tax rate of (14.5)% and (9.1)% , respectively. Our effective tax rates for these periods were negative as we recorded a provision for income taxes on year to date losses. The key components of our income tax provision primarily consisted of foreign income taxes, withholding taxes, and amortization of our deferred tax charges. On December 22, 2017, the TCJA was enacted into law. The TCJA provides for significant tax law changes and modifications including, but not limited to, the reduction of the U.S. federal corporate statutory tax rate from 35% to 21% as of January 1, 2018, the requirement for companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred, and the creation of new taxes on certain foreign-sourced earnings. As a fiscal year-end taxpayer, certain provisions of the TCJA began to impact us during the fiscal quarter ended January 31, 2018, while other provisions will impact us beginning in our fiscal year ending July 31, 2019. As a result of the TCJA, we recorded a provisional benefit of $5.8 million for the nine months ended April 30, 2018, related to alternative minimum tax credits that will be refundable if not utilized. We expect adjustments to our deferred tax assets resulting from the TCJA to be offset by a corresponding adjustment to our valuation allowance. We have not recorded any amounts relating to the transition tax because we had no unremitted earnings as of the measurement date, based on our current estimate. Accounting standards require companies to recognize the effect of tax law changes in the period of enactment. However, the SEC staff and FASB issued guidance that allows companies to record provisional amounts for the effects of the TCJA during a measurement period not to extend beyond one year from the enactment date. In accordance with this guidance, we have determined the amounts recorded and positions taken, as discussed, are provisional as of April 30, 2018 . We continue to assess the impacts of the TCJA, and the final impact of the TCJA recorded by us may differ from the provisional amounts due to a number of uncertainties and factors, including information not available until the close of our fiscal year ending July 31, 2018, the need for further guidance and clarification of the new law by U.S. federal and state tax authorities, and the need for further guidance on the related income tax accounting. In addition to the previously discussed impacts on our fiscal year ending July 31, 2018, the TCJA also establishes new tax laws that will be effective beginning with our fiscal year ending July 31, 2019, including a provision for low-taxed income of foreign subsidiaries. Due to its complexity, we are continuing to evaluate this provision of the TCJA. Based on recent FASB deliberations, we will be allowed to make an accounting policy election to either (i) treat taxes due on future U.S. inclusions in taxable income as a current-period expense when incurred or (ii) factor such amounts into our measurement of deferred taxes. Our selection of accounting policy will depend, in part, on analyzing our facts and circumstances to determine the expected impact under each method.

Net Loss Per Share (Notes)

Net Loss Per Share (Notes)	9 Months Ended
	Apr. 30, 2018
Earnings Per Share [Abstract]
Net loss per share	Net Loss Per Share Basic net loss per share is computed by dividing net loss by basic weighted-average shares outstanding during the period. Diluted net loss per share is computed by dividing net loss by diluted weighted-average shares outstanding, including potentially dilutive securities. The following table presents the computation of basic and diluted net loss per share of common stock (in millions, except per share data): Three Months Ended Nine Months Ended April 30, April 30, 2018 2017 2018 2017 Net loss $ (46.7 ) $ (60.9 ) $ (145.6 ) $ (178.4 ) Weighted-average shares used to compute net loss per share, basic and diluted 91.9 91.0 91.3 90.5 Net loss per share, basic and diluted $ (0.51 ) $ (0.67 ) $ (1.59 ) $ (1.97 ) The following securities were excluded from the computation of diluted net loss per share of common stock for the periods presented as their effect would have been antidilutive (in millions): Three and Nine Months Ended April 30, 2018 2017 RSUs and PSUs 6.1 6.3 Convertible senior notes 5.2 5.2 Warrants related to the issuance of convertible senior notes 5.2 5.2 Options to purchase common stock 1.2 1.6 RSAs and PSAs 0.4 1.1 ESPP shares 0.1 — Total 18.2 19.4

Description of Business, Basi19

Description of Business, Basis of Presentation, Principles of Consolidation, and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Apr. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of business, basis of presentation, principles of consolidation, and summary of significant accounting policies	Description of Business Palo Alto Networks, Inc. (the “Company,” “we,” “us,” or “our”), located in Santa Clara, California, was incorporated in March 2005 under the laws of the State of Delaware and commenced operations in April 2005. We offer a security operating platform that empowers enterprises, service providers, and government entities to secure their organizations by safely enabling applications running in their networks, on their endpoints, and in the cloud, and by preventing breaches that stem from targeted cyberattacks. Basis of Presentation and Principles of Consolidation The accompanying condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) , consistent in all material respects with those applied in our Annual Report on Form 10-K for the fiscal year ended July 31, 2017 , filed with the Securities and Exchange Commission (“SEC”) on September 7, 2017. Our condensed consolidated financial statements include our accounts and our wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Our condensed consolidated financial statements are unaudited, but include all adjustments of a normal recurring nature necessary for a fair presentation of our quarterly results. We have made estimates and judgments affecting the amounts reported in our condensed consolidated financial statements and the accompanying notes. The actual results that we experience may differ materially from our estimates. Certain prior-period amounts have been reclassified to conform to current-period presentation. Our condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes in our Annual Report on Form 10-K for the fiscal year ended July 31, 2017 . Summary of Significant Accounting Policies There have been no material changes to our significant accounting policies as of and for the nine months ended April 30, 2018 , as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended July 31, 2017 .
Recent accounting pronouncements	Recently Adopted Accounting Pronouncements Derivatives and Hedging In August 2017, the Financial Accounting Standards Board (“FASB”) issued new authoritative guidance on derivatives and hedging to better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships, and the presentation of hedge results. We early adopted the standard in our second quarter of fiscal 2018 on a modified retrospective basis. The adoption of this standard did not have a material impact on our condensed consolidated financial statements. Recently Issued Accounting Pronouncements Business Combinations - Definition of a Business In January 2017, the FASB issued authoritative guidance clarifying the definition of a business to assist companies with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The standard is effective for us in our first quarter of fiscal 2019 and will be applied on a prospective basis. Early adoption is permitted. We do not expect the adoption of the standard will have a material impact on our condensed consolidated financial statements. Statement of Cash Flows - Restricted Cash In November 2016, the FASB issued authoritative guidance on the presentation of restricted cash or restricted cash equivalents in the statement of cash flows. Under the new standard, restricted cash or restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard is effective for us in our first quarter of fiscal 2019 and will be applied on a retrospective basis. Early adoption is permitted. We do not expect the adoption of the standard will have a material impact on our condensed consolidated financial statements because our restricted cash balance has not been material. Income Taxes - Intra-Entity Asset Transfers In October 2016, the FASB issued authoritative guidance requiring the recognition of income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. The standard is effective for us in our first quarter of fiscal 2019 and will be applied on a modified retrospective basis through a cumulative-effect adjustment to accumulated deficit as of the date of adoption. Early adoption is permitted. We plan to adopt the standard in our first quarter of fiscal 2019. The adoption of this standard may have a material impact on our condensed consolidated financial statements, subject to any potential intra-entity transfers of assets (excluding inventory) and additional guidance and interpretations issued by U.S. regulatory and standard-setting bodies related to the Tax Cuts and Jobs Act (“TCJA”) enacted into law on December 22, 2017. Refer to Note 11 . Income Taxes for more information on the TCJA. Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued new authoritative guidance addressing eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain transactions are presented and classified in the statement of cash flows. The standard is effective for us in our first quarter of fiscal 2019 and will be applied on a retrospective basis. Early adoption is permitted. We do not expect the adoption of the standard will have a material impact on our condensed consolidated financial statements. Financial Instruments - Credit Losses In June 2016, the FASB issued new authoritative guidance on the accounting for credit losses on most financial assets and certain financial instruments. The standard replaces the existing incurred loss model with an expected credit loss model for financial assets measured at amortized cost, including trade receivables, and requires that credit losses on available-for-sale debt securities be presented as an allowance rather than as a write-down. The standard is effective for us in our first quarter of fiscal 2021 and will be applied on a modified retrospective basis. Early adoption is permitted beginning our first quarter of fiscal 2020. We are currently evaluating whether this standard will have a material impact on our condensed consolidated financial statements. Leases In February 2016, the FASB issued new authoritative guidance on lease accounting. Among its provisions, the standard requires lessees to recognize right-of-use assets and lease liabilities on the balance sheet for operating leases and also requires additional qualitative and quantitative disclosures about lease arrangements. The standard is effective for us in our first quarter of fiscal 2020 and will be applied on a modified retrospective basis, with the option to elect certain practical expedients. Early adoption is permitted. We are currently evaluating whether this standard will have a material impact on our condensed consolidated financial statements. Revenue Recognition In May 2014, the FASB issued new authoritative guidance on revenue from contracts with customers. The new standard provides principles for recognizing revenue for the transfer of promised goods or services to customers with the consideration to which the entity expects to be entitled in exchange for those goods or services, as well as guidance on the recognition of costs related to obtaining and fulfilling customer contracts. The standard also requires expanded disclosures about the nature, amount, timing, and uncertainty of revenues and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The standard is effective for us in our first quarter of fiscal 2019 using either of two methods: (i) retrospective to each prior reporting period presented with the option to elect certain practical expedients as defined within the guidance (“full retrospective method”); or (ii) retrospective with the cumulative effect of initially applying the guidance recognized at the date of initial application and providing certain additional disclosures as defined per the guidance (“modified retrospective method”). We will adopt the standard in our first quarter of fiscal 2019 using the full retrospective method and are on schedule with the preparation of our relevant prior-period financial statements. We are continuing to evaluate the impact of the new standard on our accounting policies, processes, internal controls over financial reporting, and system requirements, and have assigned cross-functional internal resources and engaged third-party service providers to assist in our evaluation and system implementation. Furthermore, we have made and will continue to make investments in systems to enable timely and accurate reporting under the new standard. We are also continuing to evaluate the impact the standard will have on our condensed consolidated financial statements and disclosures, including reviewing the provisions of our customer contracts and identifying performance obligations under the requirements of the new standard, and comparing to our current accounting policies and practices. Although we have not yet determined whether the effect will be material, we believe the new standard will impact our accounting for revenue arrangements in the following areas: • removal of the current limitation on contingent revenue may result in revenue being recognized earlier for certain contracts; • term license revenue associated with our virtual firewalls will be recognized upfront; • allocation of revenue related to software due to the removal of the residual method of revenue recognition; and • amortization period for incremental costs to obtain or fulfill customer contracts. The exact impact of the new standard will be dependent on facts and circumstances at adoption and could vary from quarter to quarter.
Fair value measurements	Fair Value Measurements We categorize assets and liabilities recorded or disclosed at fair value on our condensed consolidated balance sheets based upon the level of judgment associated with inputs used to measure their fair value. The categories are as follows: • Level 1—Inputs are unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2—Inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the assets or liabilities, either directly or indirectly through market corroboration, for substantially the full term of the financial instruments. • Level 3—Inputs are unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value. The inputs require significant management judgment or estimation.
Derivative instruments	Our derivative financial instruments are recorded at fair value, on a gross basis, as either assets or liabilities in our condensed consolidated balance sheets. Gains or losses related to our cash flow hedges are recorded as a component of accumulated other comprehensive income (loss) (“AOCI”) in our condensed consolidated balance sheets and are reclassified into the financial statement line item associated with the underlying hedged transaction in our condensed consolidated statements of operations when the underlying hedged transaction is recognized in earnings. If it becomes probable that the hedged transaction will not occur, the cumulative unrealized gain or loss is reclassified immediately from AOCI into the financial statement line item associated with the underlying hedged transaction in our condensed consolidated statements of operations. Gains or losses related to non-designated derivative instruments are recognized in other income (expense), net in our condensed consolidated statements of operations for each period until the instrument matures, is terminated, is re-designated as a qualified cash flow hedge, or is sold. Derivatives designated as cash flow hedges are classified in our condensed consolidated statements of cash flows in the same manner as the underlying hedged transaction, primarily within cash flows from operating activities.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Apr. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of fair value of financial assets and liabilities measured on a recurring basis	The following table presents the fair value of our financial assets and liabilities measured at fair value on a recurring basis using the above input categories as of April 30, 2018 and July 31, 2017 (in millions): April 30, 2018 July 31, 2017 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 361.8 $ — $ — $ 361.8 $ — $ — $ — $ — Commercial paper — 32.1 — 32.1 — — — — Corporate debt securities — 1.0 — 1.0 — — — — U.S. government and agency securities — 129.6 — 129.6 — — — — Total cash equivalents 361.8 162.7 — 524.5 — — — — Short-term investments: Certificates of deposit — 5.4 — 5.4 — — — — Corporate debt securities — 145.6 — 145.6 — 159.4 — 159.4 U.S. government and agency securities — 521.2 — 521.2 — 471.3 — 471.3 Total short-term investments — 672.2 — 672.2 — 630.7 — 630.7 Prepaid expenses and other current assets: Foreign currency forward contracts — 1.0 — 1.0 — — — — Total prepaid expenses and other current assets — 1.0 — 1.0 — — — — Long-term investments: Certificates of deposit — — — — — 5.4 — 5.4 Corporate debt securities — 135.6 — 135.6 — 186.5 — 186.5 U.S. government and agency securities — 457.3 — 457.3 — 597.4 — 597.4 Total long-term investments — 592.9 — 592.9 — 789.3 — 789.3 Total assets measured at fair value $ 361.8 $ 1,428.8 $ — $ 1,790.6 $ — $ 1,420.0 $ — $ 1,420.0 Accrued and other liabilities: Foreign currency forward contracts $ — $ 2.3 $ — $ 2.3 $ — $ — $ — $ — Total accrued and other liabilities — 2.3 — 2.3 — — — — Total liabilities measured at fair value $ — $ 2.3 $ — $ 2.3 $ — $ — $ — $ —

Cash Equivalents and Investme21

Cash Equivalents and Investments (Tables)	9 Months Ended
	Apr. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of available-for-sale securities	The following tables summarize the amortized cost, unrealized gains and losses, and fair value of our available-for-sale securities as of April 30, 2018 and July 31, 2017 (in millions): April 30, 2018 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash equivalents: Money market funds $ 361.8 $ — $ — $ 361.8 Commercial paper 32.1 — — 32.1 Corporate debt securities 1.0 — — 1.0 U.S. government and agency securities 129.6 — — 129.6 Total cash equivalents $ 524.5 $ — $ — $ 524.5 Investments: Certificates of deposit $ 5.4 $ — $ — $ 5.4 Corporate debt securities 283.9 0.1 (2.8 ) 281.2 U.S. government and agency securities 987.6 — (9.1 ) 978.5 Total investments $ 1,276.9 $ 0.1 $ (11.9 ) $ 1,265.1 July 31, 2017 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Investments: Certificates of deposit $ 5.4 $ — $ — $ 5.4 Corporate debt securities 346.1 0.3 (0.5 ) 345.9 U.S. government and agency securities 1,071.2 0.1 (2.6 ) 1,068.7 Total investments $ 1,422.7 $ 0.4 $ (3.1 ) $ 1,420.0
Schedule of contractual maturities of available-for-sale securities	The following table summarizes the amortized cost and fair value of our available-for-sale securities as of April 30, 2018 , by contractual years-to-maturity (in millions): Amortized Cost Fair Value Due within one year $ 1,199.8 $ 1,196.7 Due between one and three years 601.6 592.9 Total $ 1,801.4 $ 1,789.6

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Apr. 30, 2018
Evident.io, Inc.
Business Acquisition
Schedule of recognized identified assets acquired and liabilities assumed	We have accounted for this transaction as a business combination and allocated the purchase consideration to assets acquired and liabilities assumed based on preliminary estimated fair values, as presented in the following table (in millions): Amount Goodwill $ 209.8 Identified intangible assets 85.1 Net liabilities assumed (2.0 ) Total $ 292.9
Schedule of finite-lived intangible assets acquired as part of business combination	The following table presents details of the identified intangible assets acquired (in millions, except years): Fair Value Estimated Useful Life Developed technology $ 68.4 6 years Trade name and trademarks 8.5 8 years Customer relationships 8.2 8 years Total $ 85.1
Cyber Secdo Ltd.
Business Acquisition
Schedule of recognized identified assets acquired and liabilities assumed	We have accounted for this transaction as a business combination and allocated the purchase consideration to assets acquired and liabilities assumed based on preliminary estimated fair values, as presented in the following table (in millions): Amount Goodwill $ 68.6 Identified intangible assets 17.3 Net liabilities assumed (3.2 ) Total $ 82.7
Schedule of finite-lived intangible assets acquired as part of business combination	The following table presents details of the identified intangible assets acquired (in millions, except years): Fair Value Estimated Useful Life Developed technology $ 16.4 5 years Customer relationships 0.9 2 years Total $ 17.3

Goodwill and Intangible Asset23

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Apr. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The following table presents details of our goodwill during the nine months ended April 30, 2018 (in millions): Amount Balance as of July 31, 2017 $ 238.8 Goodwill acquired 283.4 Balance as of April 30, 2018 $ 522.2
Schedule of purchased finite-lived intangible assets by major class	The following table presents details of our purchased intangible assets as of April 30, 2018 and July 31, 2017 (in millions): April 30, 2018 July 31, 2017 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets subject to amortization: Developed technology $ 154.5 $ (32.0 ) $ 122.5 $ 69.7 $ (23.8 ) $ 45.9 Customer relationships 12.2 (0.7 ) 11.5 3.1 (0.4 ) 2.7 Acquired intellectual property 8.9 (4.4 ) 4.5 8.9 (3.8 ) 5.1 Trade name and trademarks 8.5 (0.1 ) 8.4 — — — Other 2.2 (2.2 ) — 2.2 (2.2 ) — Total intangible assets subject to amortization 186.3 (39.4 ) 146.9 83.9 (30.2 ) 53.7 Intangible assets not subject to amortization: In-process research and development 0.8 — 0.8 — — — Total purchased intangible assets $ 187.1 $ (39.4 ) $ 147.7 $ 83.9 $ (30.2 ) $ 53.7
Schedule of purchased indefinite-lived intangible assets by major class	The following table presents details of our purchased intangible assets as of April 30, 2018 and July 31, 2017 (in millions): April 30, 2018 July 31, 2017 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets subject to amortization: Developed technology $ 154.5 $ (32.0 ) $ 122.5 $ 69.7 $ (23.8 ) $ 45.9 Customer relationships 12.2 (0.7 ) 11.5 3.1 (0.4 ) 2.7 Acquired intellectual property 8.9 (4.4 ) 4.5 8.9 (3.8 ) 5.1 Trade name and trademarks 8.5 (0.1 ) 8.4 — — — Other 2.2 (2.2 ) — 2.2 (2.2 ) — Total intangible assets subject to amortization 186.3 (39.4 ) 146.9 83.9 (30.2 ) 53.7 Intangible assets not subject to amortization: In-process research and development 0.8 — 0.8 — — — Total purchased intangible assets $ 187.1 $ (39.4 ) $ 147.7 $ 83.9 $ (30.2 ) $ 53.7
Future amortization expense of intangible assets	The following table summarizes estimated future amortization expense of our intangible assets as of April 30, 2018 (in millions): Amount Fiscal years ending July 31: Remaining 2018 $ 7.0 2019 27.8 2020 27.7 2021 25.7 2022 21.2 2023 and thereafter 37.5 Total future amortization expense $ 146.9

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	9 Months Ended
	Apr. 30, 2018
Debt Disclosure [Abstract]
Components of convertible senior notes	The following table sets forth the components of the Notes as of April 30, 2018 and July 31, 2017 (in millions): April 30, 2018 July 31, 2017 Liability: Principal $ 575.0 $ 575.0 Less: debt discount and debt issuance costs, net of amortization 31.2 50.3 Net carrying amount $ 543.8 $ 524.7 Equity (including temporary equity) $ 109.8 $ 109.8
Interest expense recognized related to the convertible senior notes	The following table sets forth interest expense recognized related to the Notes (dollars in millions): Three Months Ended Nine Months Ended April 30, April 30, 2018 2017 2018 2017 Amortization of debt discount $ 5.7 $ 5.5 $ 17.1 $ 16.4 Amortization of debt issuance costs 0.8 0.7 2.1 1.9 Total interest expense recognized $ 6.5 $ 6.2 $ 19.2 $ 18.3 Effective interest rate of the liability component 4.8 % 4.8 % 4.8 % 4.8 %

Commitments and Contingencies25

Commitments and Contingencies (Tables)	9 Months Ended
	Apr. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of future non-cancelable minimum rental payments for operating leases	The following table presents details of the aggregate future non-cancelable minimum rental payments under our operating leases as of April 30, 2018 (in millions): Amount Fiscal years ending July 31: Remaining 2018 $ 16.7 2019 65.9 2020 67.8 2021 63.3 2022 59.7 2023 and thereafter 281.3 Committed gross lease payments 554.7 Less: proceeds from sublease rentals 14.6 Net operating lease obligation $ 540.1

Equity Award Plans (Tables)

Equity Award Plans (Tables)	9 Months Ended
	Apr. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock option activity	The following table summarizes the stock option activity under our stock plans during the reporting period (in millions, except per share amounts): Options Outstanding Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Balance—July 31, 2017 1.6 $ 13.11 4.2 $ 190.6 Options granted — $ — Options forfeited — $ — Options exercised (0.4 ) $ 11.77 Balance—April 30, 2018 1.2 $ 13.54 3.5 $ 217.0 Options exercisable—April 30, 2018 1.2 $ 13.54 3.5 $ 217.0
Schedule of restricted stock award (“RSA”), performance-based stock award (“PSA”), restricted stock unit (“RSU”), and performance-based stock unit (“PSU”) activities	The following table summarizes the RSA , PSA , RSU , and PSU activity under our stock plans during the reporting period (in millions, except per share amounts): RSAs and PSAs Outstanding RSUs and PSUs Outstanding Number of Shares Weighted-Average Grant-Date Fair Value Per Share Number of Shares Weighted-Average Grant-Date Fair Value Per Share Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Balance—July 31, 2017 1.0 $ 163.55 6.5 $ 141.16 1.3 $ 854.1 Granted (1) — $ — 2.8 $ 152.36 Vested (0.3 ) $ 168.33 (2.7 ) $ 137.19 Forfeited (0.3 ) $ 157.49 (0.5 ) $ 143.24 Balance—April 30, 2018 0.4 $ 162.85 6.1 $ 147.82 1.5 $ 1,181.3 ______________ (1) For PSA s and PSU s, shares granted represents the aggregate maximum number of shares that may be earned and issued with respect to these awards over their full terms.
Schedule of allocation of share-based compensation expense	The following table summarizes share-based compensation included in costs and expenses (in millions): Three Months Ended Nine Months Ended April 30, April 30, 2018 2017 2018 2017 Cost of product revenue $ 1.7 $ 1.8 $ 5.5 $ 5.5 Cost of subscription and support revenue 15.1 14.0 50.9 41.3 Research and development 35.4 37.1 108.4 116.4 Sales and marketing 50.7 46.2 155.2 139.7 General and administrative 20.8 18.3 60.2 55.1 Total share-based compensation $ 123.7 $ 117.4 $ 380.2 $ 358.0

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Apr. 30, 2018
Earnings Per Share [Abstract]
Computation of basic and diluted net loss per share of common stock	The following table presents the computation of basic and diluted net loss per share of common stock (in millions, except per share data): Three Months Ended Nine Months Ended April 30, April 30, 2018 2017 2018 2017 Net loss $ (46.7 ) $ (60.9 ) $ (145.6 ) $ (178.4 ) Weighted-average shares used to compute net loss per share, basic and diluted 91.9 91.0 91.3 90.5 Net loss per share, basic and diluted $ (0.51 ) $ (0.67 ) $ (1.59 ) $ (1.97 )
Schedule of antidilutive securities excluded from the computation of net loss per share	The following securities were excluded from the computation of diluted net loss per share of common stock for the periods presented as their effect would have been antidilutive (in millions): Three and Nine Months Ended April 30, 2018 2017 RSUs and PSUs 6.1 6.3 Convertible senior notes 5.2 5.2 Warrants related to the issuance of convertible senior notes 5.2 5.2 Options to purchase common stock 1.2 1.6 RSAs and PSAs 0.4 1.1 ESPP shares 0.1 — Total 18.2 19.4

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2017	Apr. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	$ 0	$ 524.5
Short-term investments	630.7	672.2
Prepaid expenses and other current assets	0	1
Long-term investments	789.3	592.9
Total assets measured at fair value	1,420	1,790.6
Accrued and other liabilities	0	2.3
Total liabilities measured at fair value	0	2.3
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	361.8
Short-term investments	0	0
Prepaid expenses and other current assets	0	0
Long-term investments	0	0
Total assets measured at fair value	0	361.8
Accrued and other liabilities	0	0
Total liabilities measured at fair value	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	162.7
Short-term investments	630.7	672.2
Prepaid expenses and other current assets	0	1
Long-term investments	789.3	592.9
Total assets measured at fair value	1,420	1,428.8
Accrued and other liabilities	0	2.3
Total liabilities measured at fair value	0	2.3
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Short-term investments	0	0
Prepaid expenses and other current assets	0	0
Long-term investments	0	0
Total assets measured at fair value	0	0
Accrued and other liabilities	0	0
Total liabilities measured at fair value	0	0
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	361.8
Money market funds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	361.8
Money market funds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Money market funds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	32.1
Commercial paper | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Commercial paper | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	32.1
Commercial paper | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	1
Short-term investments	159.4	145.6
Long-term investments	186.5	135.6
Corporate debt securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Short-term investments	0	0
Long-term investments	0	0
Corporate debt securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	1
Short-term investments	159.4	145.6
Long-term investments	186.5	135.6
Corporate debt securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Short-term investments	0	0
Long-term investments	0	0
U.S. government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	129.6
Short-term investments	471.3	521.2
Long-term investments	597.4	457.3
U.S. government and agency securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Short-term investments	0	0
Long-term investments	0	0
U.S. government and agency securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	129.6
Short-term investments	471.3	521.2
Long-term investments	597.4	457.3
U.S. government and agency securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Short-term investments	0	0
Long-term investments	0	0
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Short-term investments	0	5.4
Long-term investments	5.4	0
Certificates of deposit | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Short-term investments	0	0
Long-term investments	0	0
Certificates of deposit | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Short-term investments	0	5.4
Long-term investments	5.4	0
Certificates of deposit | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Short-term investments	0	0
Long-term investments	0	0
Foreign currency forward contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepaid expenses and other current assets	0	1
Accrued and other liabilities	0	2.3
Foreign currency forward contracts | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepaid expenses and other current assets	0	0
Accrued and other liabilities	0	0
Foreign currency forward contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepaid expenses and other current assets	0	1
Accrued and other liabilities	0	2.3
Foreign currency forward contracts | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepaid expenses and other current assets	0	0
Accrued and other liabilities	0	$ 0
Fair Value, Measurements, Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Leasehold improvements and other long-lived assets related to previous corporate headquarters	4.2
General and administrative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impairment of property and equipment	$ 20.9

Cash Equivalents and Investme29

Cash Equivalents and Investments (Available-for-Sale Securities) (Details) - USD ($) $ in Millions	Apr. 30, 2018	Jul. 31, 2017
Cash equivalents
Schedule of Available-for-sale Securities
Amortized cost	$ 524.5
Unrealized gains	0
Unrealized losses	0
Estimated fair value	524.5
Cash equivalents | Money market funds
Schedule of Available-for-sale Securities
Amortized cost	361.8
Unrealized gains	0
Unrealized losses	0
Estimated fair value	361.8
Cash equivalents | Commercial paper
Schedule of Available-for-sale Securities
Amortized cost	32.1
Unrealized gains	0
Unrealized losses	0
Estimated fair value	32.1
Cash equivalents | Corporate debt securities
Schedule of Available-for-sale Securities
Amortized cost	1
Unrealized gains	0
Unrealized losses	0
Estimated fair value	1
Cash equivalents | U.S. government and agency securities
Schedule of Available-for-sale Securities
Amortized cost	129.6
Unrealized gains	0
Unrealized losses	0
Estimated fair value	129.6
Investments
Schedule of Available-for-sale Securities
Amortized cost	1,276.9	$ 1,422.7
Unrealized gains	0.1	0.4
Unrealized losses	(11.9)	(3.1)
Estimated fair value	1,265.1	1,420
Investments | Corporate debt securities
Schedule of Available-for-sale Securities
Amortized cost	283.9	346.1
Unrealized gains	0.1	0.3
Unrealized losses	(2.8)	(0.5)
Estimated fair value	281.2	345.9
Investments | U.S. government and agency securities
Schedule of Available-for-sale Securities
Amortized cost	987.6	1,071.2
Unrealized gains	0	0.1
Unrealized losses	(9.1)	(2.6)
Estimated fair value	978.5	1,068.7
Investments | Certificates of deposit
Schedule of Available-for-sale Securities
Amortized cost	5.4	5.4
Unrealized gains	0	0
Unrealized losses	0	0
Estimated fair value	$ 5.4	$ 5.4

Cash Equivalents and Investme30

Cash Equivalents and Investments (Available-for-Sale Securities, Contractual Maturities) (Details) $ in Millions	Apr. 30, 2018USD ($)
Amortized Cost
Due within one year	$ 1,199.8
Due between one and three years	601.6
Total	1,801.4
Fair Value
Due within one year	1,196.7
Due between one and three years	592.9
Total	$ 1,789.6

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Millions	9 Months Ended
	Apr. 30, 2018	Jul. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Maximum contract term of cash flow hedge	13 months
Notional amount of derivatives	$ 154.6	$ 0

Acquisitions (Consideration Tra

Acquisitions (Consideration Transferred) (Details) - USD ($) $ in Millions	Apr. 24, 2018	Mar. 26, 2018
Evident.io, Inc.
Business Acquisition
Total cash consideration transferred		$ 292.9
Accrued consideration		$ 4
Cyber Secdo Ltd.
Business Acquisition
Total cash consideration transferred	$ 82.7

Acquisitions (Purchase Price Al

Acquisitions (Purchase Price Allocation) (Details) - USD ($) $ in Millions	Apr. 30, 2018	Apr. 24, 2018	Mar. 26, 2018	Jul. 31, 2017
Business Acquisition
Goodwill	$ 522.2			$ 238.8
Evident.io, Inc.
Business Acquisition
Goodwill			$ 209.8
Identified intangible assets			85.1
Net liabilities assumed			(2)
Total			$ 292.9
Cyber Secdo Ltd.
Business Acquisition
Goodwill		$ 68.6
Identified intangible assets		17.3
Net liabilities assumed		(3.2)
Total		$ 82.7

Acquisitions (Intangible assets

Acquisitions (Intangible assets acquired as part of business combination) (Details) - USD ($) $ in Millions	Apr. 24, 2018	Mar. 26, 2018
Evident.io, Inc.
Finite-Lived Intangible Assets
Fair value of identified intangible assets acquired		$ 85.1
Evident.io, Inc. | Developed technology
Finite-Lived Intangible Assets
Fair value of identified intangible assets acquired		$ 68.4
Estimated useful life (in years)		6 years
Evident.io, Inc. | Trade name and trademarks
Finite-Lived Intangible Assets
Fair value of identified intangible assets acquired		$ 8.5
Estimated useful life (in years)		8 years
Evident.io, Inc. | Customer relationships
Finite-Lived Intangible Assets
Fair value of identified intangible assets acquired		$ 8.2
Estimated useful life (in years)		8 years
Cyber Secdo Ltd.
Finite-Lived Intangible Assets
Fair value of identified intangible assets acquired	$ 17.3
Cyber Secdo Ltd. | Developed technology
Finite-Lived Intangible Assets
Fair value of identified intangible assets acquired	$ 16.4
Estimated useful life (in years)	5 years
Cyber Secdo Ltd. | Customer relationships
Finite-Lived Intangible Assets
Fair value of identified intangible assets acquired	$ 0.9
Estimated useful life (in years)	2 years

Acquisitions (Supplementary Inf

Acquisitions (Supplementary Information) (Details) $ in Millions	Mar. 26, 2018USD ($)
Evident.io, Inc. | General and administrative
Business Acquisition
Share-based compensation recognized for accelerated vesting of acquiree stock options	$ 6.6

Goodwill and Intangible Asset36

Goodwill and Intangible Assets (Goodwill) (Details) $ in Millions	9 Months Ended
	Apr. 30, 2018USD ($)
Goodwill Rollforward
Balance as of July 31, 2017	$ 238.8
Goodwill acquired	283.4
Balance as of April 30, 2018	$ 522.2

Goodwill and Intangible Asset37

Goodwill and Intangible Assets (Purchased Intangible Assets by Major Class) (Details) - USD ($) $ in Millions	Apr. 30, 2018	Jul. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Total purchased intangible assets, gross carrying amount	$ 187.1	$ 83.9
Total purchased intangible assets, net carrying amount	147.7	53.7
Finite-Lived Intangible Assets
Gross carrying amount	186.3	83.9
Accumulated amortization	(39.4)	(30.2)
Net carrying amount	146.9	53.7
In-process research and development
Indefinite-lived Intangible Assets
In-process research and development	0.8	0
Developed technology
Finite-Lived Intangible Assets
Gross carrying amount	154.5	69.7
Accumulated amortization	(32)	(23.8)
Net carrying amount	122.5	45.9
Customer relationships
Finite-Lived Intangible Assets
Gross carrying amount	12.2	3.1
Accumulated amortization	(0.7)	(0.4)
Net carrying amount	11.5	2.7
Acquired intellectual property
Finite-Lived Intangible Assets
Gross carrying amount	8.9	8.9
Accumulated amortization	(4.4)	(3.8)
Net carrying amount	4.5	5.1
Trade name and trademarks
Finite-Lived Intangible Assets
Gross carrying amount	8.5	0
Accumulated amortization	(0.1)	0
Net carrying amount	8.4	0
Other
Finite-Lived Intangible Assets
Gross carrying amount	2.2	2.2
Accumulated amortization	(2.2)	(2.2)
Net carrying amount	$ 0	$ 0

Goodwill and Intangible Asset38

Goodwill and Intangible Assets (Amortization Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 3.8	$ 2.5	$ 9.2	$ 7.1

Goodwill and Intangible Asset39

Goodwill and Intangible Assets (Future Amortization Expense of Intangible Assets) (Details) - USD ($) $ in Millions	Apr. 30, 2018	Jul. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining 2,018	$ 7
2,019	27.8
2,020	27.7
2,021	25.7
2,022	21.2
2023 and thereafter	37.5
Net carrying amount	$ 146.9	$ 53.7

Convertible Senior Notes (Addit

Convertible Senior Notes (Additional Information) (Details) $ / shares in Units, shares in Millions, $ in Millions	Apr. 30, 2018USD ($)	Jun. 30, 2014USD ($)shares$ / shares	Jul. 31, 2017USD ($)
Debt Instrument
Aggregate principal amount | $		$ 575
Contractual interest rate (in percentage)		0.00%
Number of common stock convertible at initial conversion rate (in shares) | shares		5.2
Initial conversion price (in usd per share) | $ / shares		$ 110.28
Convertible senior notes, threshold trading days (in days)		20
Convertible senior notes, threshold consecutive trading days (in days)		30
Convertible senior notes, threshold percentage of stock price trigger (in percentage)		130.00%
Convertible senior notes, threshold business days, per $1,000 principal (in days)		5
Convertible senior notes, threshold consecutive trading days, per $1,000 principal (in days)		5 days
Convertible senior notes, threshold percentage of Note price trigger, per $1,000 principal (in percentage)		98.00%
If-converted value in excess of principal | $	$ 406.8
Shares of common stock covered by note hedges (in shares) | shares		5.2
Warrants sold, shares authorized to sell to counterparties (in shares) | shares		5.2
Strike price of warrants (in usd per share) | $ / shares		$ 137.85
Level 2
Debt Instrument
Fair value of convertible senior notes | $	$ 1,000		$ 747.5

Convertible Senior Notes (Compo

Convertible Senior Notes (Components of Convertible Senior Notes) (Details) - USD ($) $ in Millions	Apr. 30, 2018	Jul. 31, 2017
Debt Disclosure [Abstract]
Principal	$ 575	$ 575
Less: debt discount and debt issuance costs, net of amortization	31.2	50.3
Net carrying amount	543.8	524.7
Equity (including temporary equity)	$ 109.8	$ 109.8

Convertible Senior Notes (Sched

Convertible Senior Notes (Schedule of Interest Expense Recognized) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Debt Disclosure [Abstract]
Amortization of debt discount	$ 5.7	$ 5.5	$ 17.1	$ 16.4
Amortization of debt issuance costs	0.8	0.7	2.1	1.9
Total interest expense recognized	$ 6.5	$ 6.2	$ 19.2	$ 18.3
Effective interest rate of the liability component (in percentage)	4.80%	4.80%	4.80%	4.80%

Commitments and Contingencies43

Commitments and Contingencies (Lease Arrangements) (Details) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2012USD ($)ft²lease_agreementlease_renewal_option	Apr. 30, 2018USD ($)	Oct. 31, 2017USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2017USD ($)	Dec. 31, 2017USD ($)lease_agreement	Oct. 31, 2015USD ($)ft²lease_agreement	May 31, 2015USD ($)ft²lease_agreement
Operating Leased Assets
Total payments under the lease agreements		$ 554.7		$ 554.7
Proceeds from sublease		14.6		14.6
Cease-use loss related to facility exit				41.1	$ 0
Q415 and Q116 New lease arrangements, new corporate headquarters
Operating Leased Assets
Number of lease agreements | lease_agreement							3
Area of office space (in square feet) | ft²							941,000
Increase in annual rental payments for fiscal 2018			$ 24.4
Increase in annual rental payments for fiscal 2019			11.8
Increase in annual rental payments for fiscal 2020			2
Cash reimbursement from lessors			38.2
Total payments under the lease agreements							$ 412
Q415 New lease arrangements, previous corporate headquarters
Operating Leased Assets
Number of lease agreements | lease_agreement								1
Area of office space (in square feet) | ft²								122,000
Total payments under the lease agreements								$ 23.1
Q218 New sublease arrangement, previous corporate headquarters
Operating Leased Assets
Number of lease agreements | lease_agreement						1
Proceeds from sublease						$ 16.3
Q113 New lease arrangements, previous corporate headquarters
Operating Leased Assets
Number of lease agreements | lease_agreement	2
Area of office space (in square feet) | ft²	300,000
Total payments under the lease agreements	$ 94.3
Number of lease renewal options | lease_renewal_option	2
Renewal term (in years)	5 years
Cease-use loss related to facility exit		23.8	$ 15.4
Cease-use liability		31.8		31.8
Liability release through rental payments		$ (2.8)		(7.4)
General and administrative | Q113 New lease arrangements, previous corporate headquarters
Operating Leased Assets
Cease-use loss related to facility exit				$ 39.2

Commitments and Contingencies44

Commitments and Contingencies (Lease Commitment) (Details) $ in Millions	Apr. 30, 2018USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Remaining 2,018	$ 16.7
2,019	65.9
2,020	67.8
2,021	63.3
2,022	59.7
2023 and thereafter	281.3
Committed gross lease payments	554.7
Less: proceeds from sublease rentals	14.6
Net operating lease obligation	$ 540.1

Commitments and Contingencies45

Commitments and Contingencies (Manufacturing Purchase Commitments) (Details) $ in Millions	Apr. 30, 2018USD ($)
Manufacturing products and components
Unrecorded Unconditional Purchase Obligation
Manufacturing purchase commitments	$ 142.7

Commitments and Contingencies46

Commitments and Contingencies (Other Purchase Commitments) (Details) - Cloud services - USD ($) $ in Millions	Mar. 31, 2018	Apr. 30, 2018
Unrecorded Unconditional Purchase Obligation
Other purchase commitment, April 2018 to March 2019	$ 14
Other purchase commitment, April 2019 to March 2020	$ 8
Other purchase commitment		$ 22

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) shares in Millions, $ in Millions	9 Months Ended
	Apr. 30, 2018	Feb. 28, 2017	Aug. 31, 2016
Equity [Abstract]
Share repurchase, authorized amount		$ 500	$ 500
Stock repurchase, total authorized amount	$ 1,000
Repurchase and retirement of common stock (in shares)	1.7
Repurchase and retirement of common stock	$ 250
Share repurchase, remaining authorized repurchase amount	$ 330

Equity Award Plans (Share-Based

Equity Award Plans (Share-Based Compensation Plans) (Details) - Employee stock purchase plan (ESPP) - 2012 Employee stock purchase plan (ESPP)	9 Months Ended
	Apr. 30, 2018USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period	24 months
Purchase price of common stock in percentage of the lower of the fair market value of our common stock on the first trading day of each offering period or on the exercise date (in percentage)	85.00%
Maximum subscription rate (in percentage)	15.00%
Purchase limit per employee, number of shares, during each purchase period (in shares) | shares	625
Purchase limit per employee, total fair value of common stock, for each calendar year | $	$ 25,000

Equity Award Plans (Stock Optio

Equity Award Plans (Stock Option Activities) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended	12 Months Ended
	Apr. 30, 2018	Jul. 31, 2017
Options, Outstanding Roll Forward
Balance, beginning (in shares)	1.6
Options granted (in shares)	0
Options forfeited (in shares)	0
Options exercised (in shares)	(0.4)
Balance, ending (in shares)	1.2	1.6
Options, Outstanding, Weighted Average Exercise Price Roll Forward
Balance, beginning (in usd per share)	$ 13.11
Options granted (in usd per share)	0
Options forfeited (in usd per share)	0
Options exercised (in usd per share)	11.77
Balance, ending (in usd per share)	$ 13.54	$ 13.11
Options, Additional Disclosures
Weighted-average remaining contractual life (in years)	3 years 6 months	4 years 2 months
Aggregate Intrinsic Value	$ 217	$ 190.6
Options exercisable (in shares)	1.2
Options exercisable, weighted-average exercise price (in usd per share)	$ 13.54
Options exercisable, weighted-average remaining contractual term (in years)	3 years 6 months
Options exercisable, aggregate intrinsic value	$ 217

Equity Award Plans (Restricted

Equity Award Plans (Restricted Stock Award (RSA), Performance-Based Stock Award (PSA), Restricted Stock Unit (RSU), and Performance-Based Stock Unit (PSU) Activities) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended	12 Months Ended
	Apr. 30, 2018	Jul. 31, 2017
RSAs and PSAs
RSAs, PSAs, RSUs, and PSUs, Outstanding
Balance, beginning (in shares)	1
Granted (in shares)	0
Vested (in shares)	(0.3)
Forfeited (in shares)	(0.3)
Balance, ending (in shares)	0.4	1
RSAs, PSAs, RSUs, and PSUs, Outstanding, Weighted Average Grant-Date Fair Value Per Share
Balance, beginning (in usd per share)	$ 163.55
Granted (in usd per share)	0
Vested (in usd per share)	168.33
Forfeited (in usd per share)	157.49
Balance, ending (in usd per share)	$ 162.85	$ 163.55
RSUs and PSUs
RSAs, PSAs, RSUs, and PSUs, Outstanding
Balance, beginning (in shares)	6.5
Granted (in shares)	2.8
Vested (in shares)	(2.7)
Forfeited (in shares)	(0.5)
Balance, ending (in shares)	6.1	6.5
RSAs, PSAs, RSUs, and PSUs, Outstanding, Weighted Average Grant-Date Fair Value Per Share
Balance, beginning (in usd per share)	$ 141.16
Granted (in usd per share)	152.36
Vested (in usd per share)	137.19
Forfeited (in usd per share)	143.24
Balance, ending (in usd per share)	$ 147.82	$ 141.16
RSAs, PSAs, RSUs, and PSUs, Additional Disclosures
Weighted-average remaining contractual term (in years)	1 year 6 months	1 year 3 months
Aggregate intrinsic value	$ 1,181.3	$ 854.1

Equity Award Plans (Allocation

Equity Award Plans (Allocation of Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share-based compensation expense	$ 123.7	$ 117.4	$ 380.2	$ 358
Total compensation cost not yet recognized, unvested awards	920		$ 920
Period for recognition of total compensation cost not yet recognized (in years)			2 years 7 months
Cost of product revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share-based compensation expense	1.7	1.8	$ 5.5	5.5
Cost of subscription and support revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share-based compensation expense	15.1	14	50.9	41.3
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share-based compensation expense	35.4	37.1	108.4	116.4
Sales and marketing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share-based compensation expense	50.7	46.2	155.2	139.7
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share-based compensation expense	$ 20.8	$ 18.3	$ 60.2	$ 55.1

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Income Tax Expense (Benefit)
Income tax expense (benefit)	$ (2.8)	$ 7.7	$ 7	$ 14.9
Effective income tax rate (in percentage)	5.70%	(14.50%)	(5.10%)	(9.10%)
Provisional income tax expense (benefit) related to alternative minimum tax credits as a result of the Tax Cuts and Jobs Act of 2017			$ (5.8)
Israel | Foreign tax authority
Income Tax Expense (Benefit)
Income tax expense (benefit)			(3.5)
Evident.io, Inc.
Business Acquisition
Valuation allowance, increase (decrease), amount			$ (4.6)

Net Loss Per Share (Computation

Net Loss Per Share (Computation of Basic and Diluted Net Loss Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Earnings Per Share [Abstract]
Net loss	$ (46.7)	$ (60.9)	$ (145.6)	$ (178.4)
Weighted-average shares used to compute net loss per share, basic and diluted	91.9	91	91.3	90.5
Net loss per share, basic and diluted (in usd per share)	$ (0.51)	$ (0.67)	$ (1.59)	$ (1.97)

Net Loss Per Share (Schedule of

Net Loss Per Share (Schedule of Antidilutive Securities Excluded from Computation) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities (in shares)	18.2	19.4	18.2	19.4
RSUs and PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities (in shares)	6.1	6.3	6.1	6.3
Convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities (in shares)	5.2	5.2	5.2	5.2
Warrants related to the issuance of convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities (in shares)	5.2	5.2	5.2	5.2
Options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities (in shares)	1.2	1.6	1.2	1.6
RSAs and PSAs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities (in shares)	0.4	1.1	0.4	1.1
ESPP shares
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities (in shares)	0.1	0	0.1	0