Intuit (INTU) 10-K 1 Sep 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Jul. 31, 2015	Aug. 24, 2015	Jan. 30, 2015
DEI [Abstract]
Entity Registrant Name	INTUIT INC
Entity Central Index Key	896,878
Current Fiscal Year End Date	--07-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Jul. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		277,306,606
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 23.2

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Net revenue:
Product	$ 1,146	$ 1,459	$ 1,447
Service and other	3,046	2,784	2,499
Total net revenue	4,192	4,243	3,946
Cost of revenue:
Cost of product revenue	139	137	125
Cost of service and other revenue	556	466	402
Amortization of acquired technology	30	18	13
Selling and marketing	1,288	1,157	1,122
Research and development	798	714	647
General and administrative	483	444	412
Amortization of other acquired intangible assets	12	7	17
Goodwill and intangible asset impairment charges	148	0	0
Total costs and expenses	3,454	2,943	2,738
Operating income from continuing operations	738	1,300	1,208
Interest expense	(27)	(31)	(30)
Interest and other income, net	1	31	7
Income from continuing operations before income taxes	712	1,300	1,185
Income tax provision	299	447	378
Net income from continuing operations	413	853	807
Net income (loss) from discontinued operations	(48)	54	51
Net income	$ 365	$ 907	$ 858
Basic net income per share from continuing operations	$ 1.47	$ 2.99	$ 2.72
Basic net income (loss) per share from discontinued operations	(0.17)	0.19	0.17
Basic net income per share	$ 1.30	$ 3.18	$ 2.89
Shares used in basic per share calculations	281	285	297
Diluted net income per share from continuing operations	$ 1.45	$ 2.94	$ 2.66
Diluted net income (loss) per share from discontinued operations	(0.17)	0.18	0.17
Diluted net income per share	$ 1.28	$ 3.12	$ 2.83
Shares used in diluted per share calculations	286	291	303
Cash dividends declared per common share	$ 1	$ 0.76	$ 0.68

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income Statement - USD ($) $ in Millions		12 Months Ended
		Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Net income		$ 365	$ 907	$ 858
Other comprehensive income (loss), net of income taxes:
Realized gain reclassified to net income	[1]	0	(13)	0
Foreign currency translation losses		(27)	(5)	(4)
Total other comprehensive loss, net		(28)	(22)	(5)
Comprehensive income		337	885	853
Interest and Other Income
Other comprehensive income (loss), net of income taxes:
Realized gain reclassified to net income	[1]	21
Income Taxes
Other comprehensive income (loss), net of income taxes:
Related taxes on realized gain reclassified to net income	[1]	8
Debt Securities
Other comprehensive income (loss), net of income taxes:
Unrealized gains (losses) on available-for-sale securities		(1)	1	(1)
Equity Securities
Other comprehensive income (loss), net of income taxes:
Unrealized gains (losses) on available-for-sale securities		$ 0	$ (5)	$ 0
[1]	Includes $21 million of realized gain on an available-for-sale equity security reclassified into interest and other income, net on the consolidated statements of operations and $8 million of related income taxes.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2015	Jul. 31, 2014
Current assets:
Cash and cash equivalents	$ 808	$ 849
Investments	889	1,065
Accounts receivable, net of allowance for doubtful accounts of $45 and $40	91	115
Income taxes receivable	84	35
Deferred income taxes	231	124
Prepaid expenses and other current assets	94	115
Current assets of discontinued operations	26	29
Current assets before funds held for customers	2,223	2,332
Funds held for customers	337	289
Total current assets	2,560	2,621
Long-term investments	27	31
Property and equipment, net	682	589
Goodwill	1,266	1,323
Acquired intangible assets, net	87	133
Other assets	111	108
Long-term assets of discontinued operations	235	396
Total assets	4,968	5,201
Current liabilities:
Accounts payable	190	145
Accrued compensation and related liabilities	283	262
Deferred revenue	691	495
Other current liabilities	150	150
Current liabilities of discontinued operations	93	80
Current liabilities before customer fund deposits	1,407	1,132
Customer fund deposits	337	289
Total current liabilities	1,744	1,421
Long-term debt	500	499
Long-term deferred revenue	152	3
Other long-term obligations	172	166
Long-term obligations of discontinued operations	68	34
Total liabilities	$ 2,636	$ 2,123
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value Authorized - 1,345 shares total; 145 shares designated Series A; 250 shares designated Series B Junior Participating Issued and outstanding - None	$ 0	$ 0
Common stock, $0.01 par value Authorized - 750,000 shares Outstanding - 277,706 shares at July 31, 2015 and 284,950 shares at July 31, 2014	3	3
Additional paid-in capital	4,007	3,558
Treasury stock, at cost	(7,675)	(6,430)
Accumulated other comprehensive loss	(30)	(2)
Retained earnings	6,027	5,949
Total stockholders’ equity	2,332	3,078
Total liabilities and stockholders’ equity	$ 4,968	$ 5,201

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Jul. 31, 2015	Jul. 31, 2014
Allowance for Doubtful Accounts Receivable, Current	$ 45	$ 40
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized (in shares)	1,345,000	1,345,000
Preferred Stock, Shares Issued (in shares)
Preferred Stock, Shares Outstanding (in shares)
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized (in shares)	750,000,000	750,000,000
Common Stock, Shares, Outstanding (in shares)	277,706,000	284,950,000
Series A Preferred Stock
Preferred Stock, Shares Authorized (in shares)	145,000	145,000
Series B Preferred Stock
Preferred Stock, Shares Authorized (in shares)	250,000	250,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Millions	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Beginning Balance, shares at Jul. 31, 2012		295,289
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of treasury stock under employee stock plans, shares		9,034
Stock repurchases under stock repurchase programs, shares		(4,820)
Ending Balance, shares at Jul. 31, 2013		299,503
Beginning Balance at Jul. 31, 2012	$ 2,744	$ 3	$ 3,015	$ (4,911)	$ 25	$ 4,612
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	853				(5)	858
Issuance of treasury stock under employee stock plans	165		(81)	251		(5)
Stock repurchases under stock repurchase programs	(292)			(292)
Cash dividends declared	(203)					(203)
Tax benefit from share-based compensation plans	69		69
Share-based compensation expense	195		195
Ending Balance at Jul. 31, 2013	$ 3,531	$ 3	3,198	(4,952)	20	5,262
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of treasury stock under employee stock plans, shares		7,914
Stock repurchases under stock repurchase programs, shares		(22,467)
Ending Balance, shares at Jul. 31, 2014	284,950	284,950
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	$ 885				(22)	907
Issuance of treasury stock under employee stock plans	173		74	99		0
Stock repurchases under stock repurchase programs	(1,577)			(1,577)
Cash dividends declared	(220)					(220)
Tax benefit from share-based compensation plans	82		82
Share-based compensation expense	204		204
Ending Balance at Jul. 31, 2014	$ 3,078	$ 3	3,558	(6,430)	(2)	5,949
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of treasury stock under employee stock plans, shares		6,565
Stock repurchases under stock repurchase programs, shares		(13,809)
Ending Balance, shares at Jul. 31, 2015	277,706	277,706
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	$ 337				(28)	365
Issuance of treasury stock under employee stock plans	107		107	0		0
Stock repurchases under stock repurchase programs	(1,245)			(1,245)
Cash dividends declared	(287)					(287)
Tax benefit from share-based compensation plans	85		85
Share-based compensation expense	257		257
Ending Balance at Jul. 31, 2015	$ 2,332	$ 3	$ 4,007	$ (7,675)	$ (30)	$ 6,027

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per common share	$ 1	$ 0.76	$ 0.68

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		12 Months Ended
		Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Cash flows from operating activities:
Net income		$ 365	$ 907	$ 858
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		157	144	166
Amortization of acquired intangible assets		74	53	66
Goodwill and intangible asset impairment charges		297	0	46
Share-based compensation expense		257	204	195
Pre-tax gain on sale of discontinued operations	[1]	0	(40)	(53)
Net realized gain on sale of available-for-sale equity securities		0	(21)	0
Deferred income taxes		(100)	93	13
Tax benefit from share-based compensation plans		85	82	69
Excess tax benefit from share-based compensation plans		(85)	(82)	(69)
Other		4	24	19
Total adjustments		689	457	452
Changes in operating assets and liabilities:
Accounts receivable		24	(5)	12
Income taxes receivable		(49)	27	(9)
Prepaid expenses and other assets		22	(14)	(33)
Accounts payable		35	15	4
Accrued compensation and related liabilities		24	43	8
Deferred revenue		398	15	62
Other liabilities		(4)	1	12
Total changes in operating assets and liabilities		450	82	56
Net cash provided by operating activities		1,504	1,446	1,366
Cash flows from investing activities:
Purchases of available-for-sale debt securities		(939)	(1,334)	(869)
Sales of available-for-sale debt securities		620	346	333
Maturities of available-for-sale debt securities		475	567	228
Net change in money market funds and other cash equivalents held to satisfy customer fund obligations		(49)	(54)	55
Net change in customer fund deposits		49	54	(55)
Proceeds from the sale of available-for-sale equity securities		0	26	0
Purchases of property and equipment		(142)	(104)	(129)
Capitalization of internal use software		(119)	(82)	(66)
Acquisitions of businesses, net of cash acquired		(95)	(471)	(17)
Proceeds from divestiture of businesses		0	1,025	60
Other		18	(22)	(25)
Net cash used in investing activities		(182)	(49)	(485)
Cash flows from financing activities:
Net proceeds from issuance of stock under employee stock plans		107	165	165
Cash paid for purchases of treasury stock		(1,245)	(1,577)	(292)
Dividends and dividend rights paid		(283)	(220)	(203)
Excess tax benefit from share-based compensation plans		85	82	69
Other		(1)	(1)	(1)
Net cash used in financing activities		(1,337)	(1,551)	(262)
Effect of exchange rates on cash and cash equivalents		(26)	(6)	(3)
Net increase (decrease) in cash and cash equivalents		(41)	(160)	616
Cash and cash equivalents at beginning of period		849	1,009	393
Cash and cash equivalents at end of period		808	849	1,009
Supplemental disclosure of cash flow information:
Interest paid		32	32	33
Income taxes paid		$ 222	$ 240	$ 309
[1]	Because the cash flows of our discontinued operations were not material for any period presented, we have not segregated the cash flows of those businesses on these statements of cash flows. We have presented the effect of the pre-tax gains on the disposals on these statements of cash flows. See Note 7, “Discontinued Operations,” for more information.

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Description of Business and Summary of Significant Accounting Policies Description of Business Intuit Inc. provides business and financial management solutions for small businesses, consumers, and accounting professionals. With flagship products and services that include QuickBooks and TurboTax, we help customers solve important business and financial management problems such as running a small business, paying bills, and filing income taxes. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Incorporated in 1984 and headquartered in Mountain View, California, we sell our products and services primarily in the United States. Basis of Presentation These consolidated financial statements include the financial statements of Intuit and its wholly owned subsidiaries. We have eliminated all significant intercompany balances and transactions in consolidation. We have reclassified certain amounts previously reported in our financial statements to conform to the current presentation, including amounts related to discontinued operations and reportable segments. See Note 7, “Discontinued Operations,” and Note 14, “Segment Information,” for more information. In fiscal 2014 we acquired Check Inc. (now known as Mint Bills). We have included the results of operations for this company in our consolidated results of operations from the date of acquisition. See Note 6, “Business Combinations,” for more information. As discussed in Note 7, in September 2012 we sold our Intuit Websites business. In August 2013 we sold our Intuit Financial Services (IFS) business and our Intuit Health business. In the fourth quarter of fiscal 2015 we classified our Demandforce, QuickBase, and Quicken businesses as discontinued operations. We have reclassified our statements of operations and balance sheets for all periods presented to reflect these businesses as discontinued operations. Because the cash flows of these discontinued operations were not material for any period presented, we have not segregated the cash flows of these businesses on our statements of cash flows. Unless noted otherwise, discussions in these notes pertain to our continuing operations. Seasonality Our Consumer Tax, Professional Tax, and QuickBooks offerings have significant and distinct seasonal patterns. Sales of income tax preparation products and services are heavily concentrated in the period from November through April. Revenue from our QuickBooks offerings tends to be highest around calendar year end, during our second and third fiscal quarters. These seasonal patterns mean that our total net revenue is usually highest during our second quarter ending January 31 and third quarter ending April 30. We typically report losses in our first quarter ending October 31 and fourth quarter ending July 31, when our total net revenue is lower but core operating expenses such as research and development continue at relatively consistent levels. Use of Estimates In preparing our consolidated financial statements in accordance with U.S. generally accepted accounting principles (GAAP), we make certain estimates and assumptions that affect the amounts reported in our financial statements and the disclosures made in the accompanying notes. For example, we use estimates in determining the appropriate levels of reserves for product returns and rebates, the collectibility of accounts receivable, the appropriate levels of various accruals including accruals for litigation contingencies, the amount of our worldwide tax provision, and the realizability of deferred tax assets. We also use estimates in determining the remaining economic lives and carrying values of acquired intangible assets, property and equipment, and other long-lived assets. In addition, we use assumptions to estimate the fair value of reporting units and share-based compensation. Despite our intention to establish accurate estimates and use reasonable assumptions, actual results may differ from our estimates. Revenue Recognition We derive revenue from the sale of software subscriptions, hosted services, packaged software products, financial supplies, technical support plans, transaction fees, merchant services hardware, and multiple element arrangements that may include a combination of these items. We recognize revenue when all four revenue recognition criteria have been met: persuasive evidence of an arrangement exists, we have delivered the product or performed the service, the fee is fixed or determinable, and collectibility is probable. Determining whether and when these criteria have been satisfied involves exercising judgment and using estimates and assumptions that can have a significant impact on the timing and amount of revenue that we recognize. In some situations, we receive advance payments from our customers. We defer revenue associated with these advance payments and the relative fair value of undelivered elements under multiple element arrangements until we ship the products or perform the services. We account for cash consideration (such as sales incentives) that we give to our customers or resellers as a reduction of revenue rather than as an operating expense unless we receive a benefit that we can identify and for which we can reasonably estimate the fair value. Product Revenue Prior to fiscal 2015, we recognized revenue from the sale of our packaged software products when legal title transferred. This generally occurred when our customers electronically downloaded products from the Internet, when we shipped the products or, in the case of certain agreements, when products were delivered to retailers. In the first quarter of fiscal 2015 we began delivering ongoing enhancements and certain connected services for QuickBooks and Professional Tax desktop solutions that we sold from that time forward. As a result, we recognize revenue for these QuickBooks desktop solutions over the period that the enhancements and connected services are provided, which is approximately three years. We recognize revenue for these Professional Tax desktop solutions as services are provided over the calendar year, once tax forms are available from taxing agencies and the agencies are able to receive electronic tax return submissions. We recognize revenue from the sale of our financial supplies such as printed check stock and merchant services hardware such as retail point-of-sale equipment and credit card readers for mobile phones when legal title transfers. This is generally when we ship the products. We record product revenue net of our sales tax obligations. We sell some of our QuickBooks and TurboTax desktop software products on consignment to certain retailers. We begin recognizing revenue for these consignment transactions only when the end-user sale has occurred. For software products that are sold on a subscription basis and include periodic updates, we recognize revenue ratably over the period that we provide services to the customer. We reduce product revenue from distributors and retailers for estimated returns that are based on historical returns experience and other factors, such as the volume and price mix of products in the retail channel, return rates for prior releases of the product, trends in retailer inventory, and economic trends that might impact customer demand for our products (including the competitive environment and the timing of new releases of our product). We also reduce product revenue for the estimated redemption of rebates on certain current product sales. Our estimated reserves for distributor and retailer sales incentive rebates are based on distributors’ and retailers’ actual performance against the terms and conditions of rebate programs. Our reserves for end user rebates are estimated based on the terms and conditions of the specific promotional rebate program, actual sales during the promotion, and historical redemption trends by product and by type of promotional program. Service and Other Revenue Our service revenue consists primarily of hosted services such as QuickBooks Online, QuickBooks desktop software term licenses, TurboTax Online, payroll services, electronic merchant payment processing services, and electronic tax filing and advice services. Our service revenue also includes QuickBooks technical support plans in our Small Business segment. We recognize revenue from hosted services as the services are performed, provided we have no other remaining obligations to these customers. We generally require customers to remit payroll tax funds to us in advance of the payroll date via electronic funds transfer. We include in total net revenue the interest that we earn on these funds between the time that we collect them from customers and the time that we remit them to outside parties. Service revenue for electronic payment processing services that we provide to merchants is recorded net of interchange fees charged by credit card associations. We offer several QuickBooks technical support plans and recognize support revenue over the life of the plans. Other revenue consists primarily of revenue from revenue-sharing and royalty arrangements with third-party partners. We typically recognize this revenue as earned based upon reporting provided to us by our partners. Multiple Element Arrangements We enter into multiple element revenue arrangements in which a customer may purchase a combination of software, upgrades, hosted services, technical support, and hardware. Multiple Element Arrangements That Contain Software and Software-Related Elements For multiple element arrangements that contain only software and software-related elements, such as QuickBooks desktop software and paid technical support plans, we allocate and defer revenue for the undelivered elements based on their vendor-specific objective evidence of fair value (VSOE). VSOE is the price charged when that element is sold separately. In situations where VSOE exists for all elements (delivered and undelivered), we allocate the total revenue to be earned under the arrangement among the various elements, based on their relative fair value. For arrangements where VSOE exists only for the undelivered elements, we defer the full fair value of the undelivered elements and recognize the difference between the total arrangement fee and the amount deferred for the undelivered items as revenue. If VSOE does not exist for an undelivered service element, we recognize the revenue from the entire arrangement as the services are delivered. If VSOE does not exist for undelivered elements that are specified products or features, we defer revenue until the earlier of the delivery of all elements or the point at which we determine VSOE for these undelivered elements. We recognize revenue related to the delivered products or services only if: (1) the above revenue recognition criteria are met; (2) any undelivered products or services are not essential to the functionality of the delivered products and services; (3) payment for the delivered products or services is not contingent upon delivery of the remaining products or services; and (4) we have an enforceable claim to receive the amount due in the event that we do not deliver the undelivered products or services. Multiple Element Arrangements That Contain Non-Software Elements For multiple element arrangements that contain non-software elements such as hosted services or credit card readers for mobile phones, we: (1) determine whether and when each element has been delivered; (2) determine the fair value of each element using the selling price hierarchy of vendor-specific evidence (VSOE) of fair value if available, third-party evidence (TPE) if VSOE is not available, and estimated selling price (ESP) if neither VSOE nor TPE is available; and (3) allocate the total price among the various elements using the relative selling price method. Once we have allocated the total price among the various elements, we recognize revenue when the revenue recognition criteria described above are met for each element. VSOE generally exists when we sell the deliverable separately and we are normally able to establish VSOE for all deliverables in these multiple element arrangements; however, in certain limited instances VSOE cannot be established. This may be because we do not sell the element separately, do not price products or services within a narrow range, or have a limited sales history. When VSOE cannot be established, we attempt to establish selling price for each element based on TPE. TPE is determined based on competitor prices for similar deliverables when sold separately. When we are unable to establish selling price using VSOE or TPE, we use ESP in our allocation of arrangement consideration. ESP is the estimated price at which we would sell a product or service if it were sold on a stand-alone basis. We determine ESP for a product or service by considering multiple factors including, but not limited to, pricing practices, market conditions, competitive landscape, type of customer, geographies, stage of product lifecycle, internal costs, and gross margin objectives. Significant pricing practices that we take into consideration include historic contractually stated prices, volume discounts where applicable, and our price lists. The determination of ESP is made through consultation with and formal approval by management, taking into consideration our overall go-to-market strategy. Shipping and Handling We record the amounts we charge our customers for the shipping and handling of our software products as product revenue and we record the related costs as cost of product revenue in our statements of operations. Customer Service and Technical Support We include the costs of providing customer service under paid technical support contracts and as included in certain software subscriptions on the cost of service and other revenue line in our statements of operations. We also include the costs of customer service and technical support associated with our online or hosted offerings in cost of service and other revenue. We include the costs of customer service and free technical support related to desktop offerings in selling and marketing expense in our statements of operations. Customer service and technical support costs include costs associated with performing order processing, answering customer inquiries by telephone and through websites, e-mail and other electronic means, and providing free technical support assistance to customers. We expense the cost of providing this free support as incurred. Software Development Costs We expense software development costs as we incur them until technological feasibility has been established, at which time those costs are capitalized until the product is available for general release to customers. To date, our software has been available for general release concurrent with the establishment of technological feasibility and, accordingly, we have not capitalized any development costs. Costs we incur to enhance our existing products or after the general release of the service using the product are expensed in the period they are incurred and included in research and development expense in our statements of operations. Internal Use Software We capitalize costs related to development of hosted services that we provide to our customers and internal use of enterprise-level business and finance software in support of our operational needs. Costs incurred in the application development phase are capitalized and amortized on a straight-line basis over their useful lives, which are generally three to five years. Costs related to planning and other preliminary project activities and to post-implementation activities are expensed as incurred. We test these assets for impairment whenever events or changes in circumstances occur that could impact their recoverability. Advertising We expense all advertising costs as we incur them to selling and marketing expense in our statements of operations. We recorded advertising expense of approximately $229 million for the twelve months ended July 31, 2015 , $171 million for the twelve months ended July 31, 2014 , and $182 million for the twelve months ended July 31, 2013 . Leases We review all leases for capital or operating classification at their inception. We use our incremental borrowing rate in the assessment of lease classification and define the initial lease term to include the construction build-out period but to exclude lease extension periods. We conduct our operations primarily under operating leases. For leases that contain rent escalations, we record the total rent payable during the lease term, as defined above, on a straight-line basis over the term of the lease. We record the difference between the rent paid and the straight-line rent in a deferred rent account in other current liabilities or other long-term obligations, as appropriate, on our balance sheets. We record landlord allowances as deferred rent liabilities in other current liabilities or other long-term obligations, as appropriate, on our balance sheets. We record landlord cash incentives as operating activity on our statements of cash flows. We record other landlord allowances as non-cash investing and financing activities on our statements of cash flows. We classify the amortization of landlord allowances as a reduction of occupancy expense in our statements of operations. Capitalization of Interest Expense We capitalize interest on capital projects, including facilities build-out projects and internal use computer software projects. Capitalization commences with the first expenditure for the project and continues until the project is substantially complete and ready for its intended use. We amortize capitalized interest to depreciation expense using the straight-line method over the same lives as the related assets. Capitalized interest was not significant for any period presented. Foreign Currency The functional currencies of our international operating subsidiaries are generally the local currencies. We translate the assets and liabilities of our foreign subsidiaries at the exchange rates in effect on the balance sheet date. We translate their revenue, costs and expenses at the average rates of exchange in effect during the period. We include translation gains and losses in the stockholders’ equity section of our balance sheets. We include net gains and losses resulting from foreign exchange transactions in interest and other income in our statements of operations. Translation gains and losses and transaction gains and losses were not significant for any period presented. Income Taxes We estimate our income taxes based on the various jurisdictions where we conduct business. Significant judgment is required in determining our worldwide income tax provision. We estimate our current tax liability and assess temporary differences that result from differing treatments of certain items for tax and accounting purposes. These differences result in deferred tax assets and liabilities, which we show on our balance sheet. We must then assess the likelihood that our deferred tax assets will be realized. To the extent we believe that realization is not likely, we establish a valuation allowance. When we establish a valuation allowance or increase this allowance in an accounting period, we record a corresponding income tax expense in our statement of operations. We review the need for a valuation allowance to reflect uncertainties about whether we will be able to utilize some of our deferred tax assets before they expire. The valuation allowance analysis is based on our estimates of taxable income for the jurisdictions in which we operate and the periods over which our deferred tax assets will be realizable. While we have considered future taxable income in assessing the need for a valuation allowance for the periods presented, we could be required to record a valuation allowance to take into account additional deferred tax assets that we may be unable to realize. An increase in the valuation allowance would have an adverse impact, which could be material, on our income tax provision and net income in the period in which we record the increase. We recognize and measure benefits for uncertain tax positions using a two-step approach. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that the tax position will be sustained upon audit, including resolution of any related appeals or litigation processes. For tax positions that are more likely than not of being sustained upon audit, the second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. Significant judgment is required to evaluate uncertain tax positions. We evaluate our uncertain tax positions on a quarterly basis. Our evaluations are based upon a number of factors, including changes in facts or circumstances, changes in tax law, correspondence with tax authorities during the course of audits and effective settlement of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in our income tax expense in the period in which we make the change, which could have a material impact on our effective tax rate and operating results. A description of our accounting policies associated with tax-related contingencies and valuation allowances assumed as part of a business combination is provided under “Business Combinations” below. Computation of Net Income (Loss) Per Share We compute basic net income or loss per share using the weighted average number of common shares outstanding during the period. We compute diluted net income per share using the weighted average number of common shares and dilutive potential common shares outstanding during the period. Dilutive potential common shares consist of the shares issuable upon the exercise of stock options and upon the vesting of restricted stock units (RSUs) under the treasury stock method. We include stock options with combined exercise prices, unrecognized compensation expense and tax benefits that are less than the average market price for our common stock, and RSUs with combined unrecognized compensation expense and tax benefits that are less than the average market price for our common stock, in the calculation of diluted net income per share. We exclude stock options with combined exercise prices, unrecognized compensation expense and tax benefits that are greater than the average market price for our common stock, and RSUs with combined unrecognized compensation expense and tax benefits that are greater than the average market price for our common stock, from the calculation of diluted net income per share because their effect is anti-dilutive. Under the treasury stock method, the amount that must be paid to exercise stock options, the amount of compensation expense for future service that we have not yet recognized for stock options and RSUs, and the amount of tax benefits that will be recorded in additional paid-in capital when the awards become deductible are assumed to be used to repurchase shares. All of the RSUs we grant have dividend rights. Dividend rights are accumulated and paid when the underlying RSUs vest. Since the dividend rights are subject to the same vesting requirements as the underlying equity awards they are considered a contingent transfer of value. Consequently, the RSUs are not considered participating securities and we do not present them separately in earnings per share. The following table presents the composition of shares used in the computation of basic and diluted net income per share for the periods indicated. Twelve Months Ended July 31, (In millions, except per share amounts) 2015 2014 2013 Numerator: Net income from continuing operations $ 413 $ 853 $ 807 Net income (loss) from discontinued operations (48 ) 54 51 Net income $ 365 $ 907 $ 858 Denominator: Shares used in basic per share amounts: Weighted average common shares outstanding 281 285 297 Shares used in diluted per share amounts: Weighted average common shares outstanding 281 285 297 Dilutive common equivalent shares from stock options and restricted stock awards 5 6 6 Dilutive weighted average common shares outstanding 286 291 303 Basic and diluted net income per share: Basic net income per share from continuing operations $ 1.47 $ 2.99 $ 2.72 Basic net income (loss) per share from discontinued operations (0.17 ) 0.19 0.17 Basic net income per share $ 1.30 $ 3.18 $ 2.89 Diluted net income per share from continuing operations $ 1.45 $ 2.94 $ 2.66 Diluted net income (loss) per share from discontinued operations (0.17 ) 0.18 0.17 Diluted net income per share $ 1.28 $ 3.12 $ 2.83 Weighted average stock options and restricted stock units excluded from calculation due to anti-dilutive effect 2 — 3 Cash Equivalents and Investments We consider highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. Cash equivalents consist primarily of AAA-rated money market funds in all periods presented. Investments consist of available-for-sale investment-grade debt securities that we carry at fair value. Except for direct obligations of the United States government, securities issued by agencies of the United States government, and money market funds, we diversify our investments by limiting our holdings with any individual issuer. We use the specific identification method to compute gains and losses on investments. We record unrealized gains and losses on investments, net of tax, in accumulated other comprehensive income in the stockholders’ equity section of our balance sheets and reflect unrealized gain and loss activity in other comprehensive income on our statement of comprehensive income. We generally classify available-for-sale debt securities as current assets based upon our ability and intent to use any and all of these securities as necessary to satisfy the significant short-term liquidity requirements that may arise from the highly seasonal nature of our businesses. Because of our significant business seasonality, stock repurchase programs, and acquisition opportunities, cash flow requirements may fluctuate dramatically from quarter to quarter and require us to use a significant amount of the investments we hold as available-for-sale securities. Accounts Receivable and Allowances for Doubtful Accounts Accounts receivable are recorded at the invoiced amount and are not interest bearing. We maintain an allowance for doubtful accounts to reserve for potentially uncollectible receivables. We review our accounts receivable by aging category to identify significant customers or invoices with known disputes or collectibility issues. For those invoices not specifically identified as uncollectible, we provide an allowance based on the age of the receivable. In determining the amount of the allowance, we make judgments about the creditworthiness of significant customers based on ongoing credit evaluations. We also consider our historical level of credit losses and current economic trends that might impact the level of future credit losses. When we determine that amounts are uncollectible we write them off against the allowance. Funds Held for Customers and Customer Fund Deposits Funds held for customers represent cash held on behalf of our customers that is invested in cash and cash equivalents and investment grade available-for-sale debt securities. Customer fund deposits consist of amounts we owe on behalf of our customers, such as direct deposit payroll funds and payroll taxes. Property and Equipment Property and equipment is stated at the lower of cost or realizable value, net of accumulated depreciation. We calculate depreciation using the straight-line method over the estimated useful lives of the assets, which range from two to 30 years. We amortize leasehold improvements using the straight-line method over the lesser of their estimated useful lives or remaining lease terms. We include the amortization of assets that are recorded under capital leases in depreciation expense. We review property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. We did not record any significant property impairment charges during the twelve months ended July 31, 2015 , 2014 , or 2013 . Business Combinations The acquisition method of accounting for business combinations requires us to use significant estimates and assumptions, including fair value estimates, as of the business combination date and to refine those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which we may adjust the provisional amounts recognized for a business combination). Under the acquisition method of accounting we recognize separately from goodwill the identifiable assets acquired, the liabilities assumed, and any noncontrolling interests in an acquiree, generally at the acquisition date fair value. We measure goodwill as of the acquisition date as the excess of consideration transferred, which we also measure at fair value, over the net of the acquisition date amounts of the identifiable assets acquired and liabilities assumed. Costs that we incur to complete the business combination such as investment banking, legal and other professional fees are not considered part of consideration and we charge them to general and administrative expense as they are incurred. Under the acquisition method we also account for acquired company restructuring activities that we initiate separately from the business combination. Should the initial accounting for a business combination be incomplete by the end of a reporting period that falls within the measurement period, we report provisional amounts in our financial statements. During the measurement period, we adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date and we record those adjustments to our financial statements. We apply those measurement period adjustments that we determine to be significant retrospectively to comparative information in our financial statements, including adjustments to depreciation and amortization expense. Under the acquisition method of accounting for business combinations, if we identify changes to acquired deferred tax asset valuation allowances or liabilities related to uncertain tax positions during the measurement period and they relate to new information obtained about facts and circumstances that existed as of the acquisition date, those changes are considered a measurement period adjustment and we record the offset to goodwill. We record all other changes to deferred tax asset valuation allowances and liabilities related to uncertain tax positions in current period income tax expense. This accounting applies to all of our acquisitions regardless of acquisition date. Goodwill, Acquired Intangible Assets and Other Long-Lived Assets Goodwill We record goodwill when the fair value of consideration transferred in a business combination exceeds the fair value of the identifiable assets acquired and liabilities assumed. Goodwill and other intangible assets that have indefinite useful lives are not amortized, but we test them for impairment annually during our fourth fiscal quarter and whenever an event or change in circumstances indicates that the carrying value of the asset may not be recoverable. For goodwill, we perform a two-step impairment test. In the first step, we compare the fair value of each reporting unit to its carrying value. In accordance with authoritative guidance, we define fair value as the price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We consider and use all valuation methods that are appropriate in estimating the fair value of our reporting units and generally use a weighted combination of income and market approaches. Under the income approach, we estimate the fair value of each reporting unit based on the present value of future cash flows. We use a number of ass

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair Value Hierarchy The authoritative guidance defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. When determining fair value, we consider the principal or most advantageous market for an asset or liability and assumptions that market participants would use when pricing the asset or liability. In addition, we consider and use all valuation methods that are appropriate in estimating the fair value of an asset or liability. The authoritative guidance establishes a fair value hierarchy that is based on the extent and level of judgment used to estimate the fair value of assets and liabilities. In general, the authoritative guidance requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset or liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the measurement of its fair value. The three levels of input defined by the authoritative guidance are as follows: • Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities. • Level 2 uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data. These include quoted prices in active markets for similar assets or liabilities: quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates and volatility, can be corroborated by readily observable market data for substantially the full term of the assets or liabilities. • Level 3 uses one or more unobservable inputs that are supported by little or no market activity and that are significant to the determination of fair value. Level 3 assets and liabilities include those whose fair values are determined using pricing models, discounted cash flow methodologies or similar valuation techniques and significant management judgment or estimation. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table summarizes financial assets and financial liabilities that we measured at fair value on a recurring basis at the dates indicated, classified in accordance with the fair value hierarchy described above. At July 31, 2015 At July 31, 2014 (In millions) Level 1 Level 2 Level 3 Total Fair Value Level 1 Level 2 Level 3 Total Fair Value Assets: Cash equivalents, primarily money market funds $ 695 $ — $ — $ 695 $ 652 $ — $ — $ 652 Available-for-sale debt securities: Municipal bonds — 506 — 506 — 701 — 701 Municipal auction rate securities — — 15 15 — — 21 21 Corporate notes — 546 — 546 — 466 — 466 U.S. agency securities — 12 — 12 — 42 — 42 Total available-for-sale securities — 1,064 15 1,079 — 1,209 21 1,230 Total assets measured at fair value on a recurring basis $ 695 $ 1,064 $ 15 $ 1,774 $ 652 $ 1,209 $ 21 $ 1,882 Liabilities: Senior notes (1) $ — $ 531 $ — $ 531 $ — $ 556 $ — $ 556 ______________________ (1) Carrying value on our balance sheets at July 31, 2015 was $500 million and at July 31, 2014 was $499 million. See Note 9. The following table summarizes our cash equivalents and available-for-sale debt securities by balance sheet classification and level in the fair value hierarchy at the dates shown: At July 31, 2015 At July 31, 2014 (In millions) Level 1 Level 2 Level 3 Total Fair Value Level 1 Level 2 Level 3 Total Fair Value Cash equivalents: In cash and cash equivalents $ 533 $ — $ — $ 533 $ 507 $ — $ — $ 507 In funds held for customers 162 — — 162 145 — — 145 Total cash and cash equivalents $ 695 $ — $ — $ 695 $ 652 $ — $ — $ 652 Available-for-sale securities: In investments $ — $ 889 $ — $ 889 $ — $ 1,065 $ — $ 1,065 In funds held for customers — 175 — 175 — 144 — 144 In long-term investments — — 15 15 — — 21 21 Total available-for-sale securities $ — $ 1,064 $ 15 $ 1,079 $ — $ 1,209 $ 21 $ 1,230 We value our Level 1 assets, consisting primarily of money market funds, using quoted prices in active markets for identical instruments. Financial assets whose fair values we measure on a recurring basis using Level 2 inputs consist of municipal bonds, corporate notes and U.S. agency securities. We measure the fair values of these assets with the help of a pricing service that either provides quoted market prices in active markets for identical or similar securities or uses observable inputs for their pricing without applying significant adjustments. Our fair value processes include controls that are designed to ensure that we record appropriate fair values for our Level 2 investments. These controls include comparison to pricing provided by a secondary pricing service or investment manager, validation of pricing sources and models, review of key model inputs, analysis of period-over-period price fluctuations, and independent recalculation of prices where appropriate. Financial liabilities whose fair values we measure using Level 2 inputs consist of debt. See Note 9, “ Long-Term Obligations and Commitments,” for more information. We measure the fair value of our senior notes based on their trading prices and the interest rates we could obtain for other borrowings with similar terms. Financial assets whose fair values we measure using significant unobservable (Level 3) inputs consist of municipal auction rate securities that are no longer liquid. We estimate the fair values of these auction rate securities using a discounted cash flow model. Using our discounted cash flow model, we determined that the fair values of the municipal auction rate securities we held at July 31, 2015 , 2014 , and 2013 were approximately equal to their par values and as a result we recorded no decrease in their fair values during the twelve months then ended. During the twelve months ended July 31, 2015 , issuers redeemed $6 million of these securities at par, leaving a remaining balance of $15 million at July 31, 2015 . We continue to classify them as long-term investments based on the maturities of the underlying securities at that date. We do not intend to sell our municipal auction rate securities. In addition, it is more likely than not that we will not be required to sell them before recovery at par, which may be at maturity. There were no transfers between Level 1, Level 2, and Level 3 of the fair value hierarchy during the twelve months ended July 31, 2015 , 2014 or 2013 . Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis Assets measured at fair value on a non-recurring basis include reporting units measured at fair value in a goodwill impairment test. Estimates of fair value for reporting units fall under Level 3 of the fair value hierarchy. During the fourth quarters of fiscal 2015 , fiscal 2014 , and fiscal 2013 we performed our annual goodwill impairment tests. Using the methodology described in Note 1, we determined that the estimated fair values of all of our reporting units exceeded their carrying values and that they were not impaired. During the third quarter of fiscal 2015 there was a significant decline in the revenue and operating income forecast for our Consumer Ecosystem reporting unit. As a result of this development, we performed an interim impairment test of goodwill and acquired intangible assets for that reporting unit. We concluded that the carrying value of goodwill associated with our Consumer Ecosystem reporting unit was impaired and we recorded an impairment charge of $263 million that reduced the carrying value of goodwill to $211 million as of April 30, 2015. The amount of the impairment charge was determined by comparing the carrying value of goodwill assigned to the reporting unit with the implied fair value of the goodwill. We used a weighted combination of a discounted cash flow model (income approach) and comparisons to publicly traded companies engaged in similar businesses (market approach) to estimate the fair value of our Consumer Ecosystem reporting unit. Key assumptions that we used in the income approach included the amount and timing of estimated future cash flows to be generated by the business over an extended period of time, long-term growth rates for the business, and a rate of return that considered the relative risk of achieving the cash flows and the time value of money. For the market approach, we estimated the fair value of the reporting unit based on market multiples of revenue, operating income, and earnings for comparable publicly traded companies engaged in similar businesses. We believe that the assumptions used to determine the impairment amount for the goodwill of this reporting unit are reasonable. During the fourth quarter of fiscal 2015 management approved a plan to sell our Quicken business, which was part of our Consumer Ecosystem reporting unit, and we accounted for it as discontinued operations. As a result, we reclassified a portion of the goodwill impairment charge that we recorded in the third quarter of fiscal 2015 to discontinued operations based on the relative fair values of Quicken and the remaining components of our Consumer Ecosystem reporting unit. In March 2013 the largest customer for our Intuit Health business acquired a company that offers similar solutions and competes with us directly in that market space. As a result, we performed an interim impairment test of goodwill and acquired intangible assets during the third quarter of fiscal 2013. We concluded that the carrying amounts of goodwill and certain definite-lived acquired intangible assets associated with our Intuit Health business were impaired and recorded an impairment charge of $46 million that reduced the carrying value of those assets to zero . For goodwill, the amount of the impairment charge was determined by comparing the carrying value of goodwill assigned to the reporting unit with the implied fair value of the goodwill. We used a weighted combination of a discounted cash flow model (income approach) and comparisons to publicly traded companies engaged in similar businesses (market approach) to estimate the fair value of our Intuit Health reporting unit. Key assumptions that we used in the income approach included the amount and timing of estimated future cash flows to be generated by the business over an extended period of time, long-term growth rates for the business, and a rate of return that considered the relative risk of achieving the cash flows and the time value of money. For the market approach, we estimated the fair value of the reporting unit based on market multiples of revenue, operating income, and earnings for comparable publicly traded companies engaged in similar businesses. For those acquired intangible assets where the unamortized balances exceeded the undiscounted future net cash flows, we measured the amount of the impairment by calculating the amount by which the carrying values exceeded the estimated fair values, which were based on projected discounted future net cash flows. We believe that the assumptions used to determine the impairment amounts for the goodwill and acquired intangible assets for this business unit are reasonable. In the fourth quarter of fiscal 2013 management approved a plan to sell our Intuit Health business, which was part of our former Other Businesses reportable segment. On August 19, 2013 we completed the sale for cash consideration that was not significant.

Cash and Cash Equivalents, Inve

Cash and Cash Equivalents, Investments and Funds Held for Customers	12 Months Ended
	Jul. 31, 2015
Cash and Cash Equivalents, Investments and Funds Held for Customers [Abstract]
Cash and Cash Equivalents, Investments and Funds Held for Customers	Cash and Cash Equivalents, Investments and Funds Held for Customers The following table summarizes our cash and cash equivalents, investments and funds held for customers by balance sheet classification at the dates indicated. July 31, 2015 July 31, 2014 (In millions) Amortized Cost Fair Value Amortized Cost Fair Value Classification on balance sheets: Cash and cash equivalents $ 808 $ 808 $ 849 $ 849 Investments 890 889 1,064 1,065 Funds held for customers 337 337 289 289 Long-term investments 27 27 31 31 Total cash and cash equivalents, investments and funds held for customers $ 2,062 $ 2,061 $ 2,233 $ 2,234 The following table summarizes our cash and cash equivalents, investments and funds held for customers by investment category at the dates indicated. See Note 2 for more information on our municipal auction rate securities. July 31, 2015 July 31, 2014 (In millions) Amortized Cost Fair Value Amortized Cost Fair Value Type of issue: Total cash and cash equivalents $ 970 $ 970 $ 994 $ 994 Available-for-sale debt securities: Municipal bonds 507 506 700 701 Municipal auction rate securities 15 15 21 21 Corporate notes 546 546 466 466 U.S. agency securities 12 12 42 42 Total available-for-sale debt securities 1,080 1,079 1,229 1,230 Other long-term investments 12 12 10 10 Total cash and cash equivalents, investments and funds held for customers $ 2,062 $ 2,061 $ 2,233 $ 2,234 We include realized gains and losses on our available-for-sale debt securities in interest and other income, net in our statements of operations. Gross realized gains and losses on our available-for-sale debt securities for the twelve months ended July 31, 2015 , 2014 and 2013 were not significant. We accumulate unrealized gains and losses on our available-for-sale debt securities, net of tax, in accumulated other comprehensive income in the stockholders’ equity section of our balance sheets. Gross unrealized gains and losses on our available-for-sale debt securities at July 31, 2015 and July 31, 2014 were not significant. We periodically review our investment portfolios to determine if any investment is other-than-temporarily impaired due to changes in credit risk or other potential valuation concerns. We believe that the investments that we held at July 31, 2015 were not other-than-temporarily impaired. Unrealized losses on available-for-sale debt securities at July 31, 2015 were not significant and are due to changes in interest rates, including market credit spreads, and not due to increased credit risks associated with specific securities. We do not intend to sell these investments. In addition, it is more likely than not that we will not be required to sell them before recovery at par, which may be at maturity. The following table summarizes our available-for-sale debt securities classified by the stated maturity date of the security at the dates indicated. July 31, 2015 July 31, 2014 (In millions) Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ 434 $ 435 $ 363 $ 363 Due within two years 443 442 443 443 Due within three years 156 156 303 303 Due after three years 47 46 120 121 Total available-for-sale debt securities $ 1,080 $ 1,079 $ 1,229 $ 1,230 Available-for-sale debt securities due after three years in the table above include our municipal auction rate securities. See Note 2, “Fair Value Measurements,” for more information. All of the remaining securities in that category had interest reset dates or mandatory call dates within three years of the dates indicated in the table.

Property and Equipment

Property and Equipment	12 Months Ended
	Jul. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consisted of the following at the dates indicated: Life in July 31, (Dollars in millions) Years 2015 2014 Equipment 3-5 $ 447 $ 398 Computer software 3-6 552 507 Furniture and fixtures 5 71 68 Leasehold improvements 2-16 286 273 Land NA 7 6 Buildings 5-30 192 192 Capital in progress NA 188 127 1,743 1,571 Less accumulated depreciation and amortization (1,061 ) (982 ) Total property and equipment, net $ 682 $ 589 __________________________ NA = Not Applicable Capital in progress at July 31, 2015 and July 31, 2014 consisted primarily of costs related to internal use software projects and land that we have purchased adjacent to our headquarters campus in Mountain View, California that contains buildings that we are in the process of demolishing and reconstructing. As discussed in Note 1, “Description of Business and Summary of Significant Accounting Policies – Internal Use Software , ” we capitalize costs related to the development of computer software for internal use. We capitalized internal use software costs totaling $116 million for the twelve months ended July 31, 2015 ; $80 million for the twelve months ended July 31, 2014 ; and $66 million for the twelve months ended July 31, 2013 . These amounts included capitalized labor costs of $89 million, $46 million and $56 million. Costs related to internal use software projects are included in the capital in progress category of property and equipment until project completion, at which time they are transferred to the computer software category.

Goodwill and Acquired Intangibl

Goodwill and Acquired Intangible Assets	12 Months Ended
	Jul. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Acquired Intangible Assets	Goodwill and Acquired Intangible Assets Goodwill Changes in the carrying value of goodwill by reportable segment during the twelve months ended July 31, 2015 and July 31, 2014 were as shown in the following table. Our reportable segments are described in Note 14, “Segment Information.” (In millions) Balance July 31, 2013 Goodwill Acquired/ Adjusted Balance July 31, 2014 Goodwill Acquired/ Adjusted Goodwill Impairment Charges Balance July 31, 2015 Small Business $ 988 $ 225 $ 1,213 $ 58 (114 ) $ 1,157 Consumer Tax 19 (2 ) 17 1 — 18 Professional Tax 93 — 93 (2 ) — 91 Totals $ 1,100 $ 223 $ 1,323 $ 57 $ (114 ) $ 1,266 We had no accumulated goodwill impairment losses for our continuing operations at July 31, 2013 . See Note 2, “ Fair Value Measurements – Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis,” for a description of the goodwill impairment charge we recorded for our Consumer Ecosystem reporting unit in fiscal 2015. The increase in goodwill in our Small Business segment during the twelve months ended July 31, 2015 was due to a number of small acquisitions, none of which were individually significant. The increase in goodwill in our Small Business segment during the twelve months ended July 31, 2014 was due to the acquisition of Mint Bills (formerly Check Inc.). See Note 6, “Business Combinations,” and Note 14, “ Segment Information,” for more information. Acquired Intangible Assets The following table shows the cost, accumulated amortization and weighted average life in years for our acquired intangible assets at the dates indicated. (Dollars in millions) Customer Lists Purchased Technology Trade Names and Logos Covenants Not to Compete or Sue Total At July 31, 2015: Cost $ 243 $ 371 $ 24 $ 32 $ 670 Accumulated amortization (239 ) (294 ) (23 ) (27 ) (583 ) Acquired intangible assets, net $ 4 $ 77 $ 1 $ 5 $ 87 Weighted average life in years 5 5 4 9 5 At July 31, 2014: Cost $ 244 $ 336 $ 23 $ 32 $ 635 Accumulated amortization (231 ) (227 ) (19 ) (25 ) (502 ) Acquired intangible assets, net $ 13 $ 109 $ 4 $ 7 $ 133 Weighted average life in years 7 5 8 8 6 The following table shows the expected future amortization expense for our acquired intangible assets at July 31, 2015 . Amortization of purchased technology is charged to cost of service and other revenue and to amortization of acquired technology in our statements of operations. Amortization of other acquired intangible assets such as customer lists is charged to amortization of other acquired intangible assets in our statements of operations. If impairment events occur, they could accelerate the timing of acquired intangible asset charges. (In millions) Expected Future Amortization Expense Twelve months ending July 31, 2016 $ 37 2017 24 2018 16 2019 7 2020 3 Thereafter — Total expected future amortization expense $ 87

Business Combinations

Business Combinations	12 Months Ended
	Jul. 31, 2015
Business Combinations [Abstract]
Business Combinations	Business Combinations Check Inc. (Mint Bills) On June 16, 2014 we acquired all of the outstanding equity interests of Check Inc. for total cash and other consideration of approximately $369 million . The $369 million included total purchase consideration of approximately $342 million and $27 million for the fair value of assumed equity awards that is being charged to expense over service periods of up to four years. Check provides a mobile application that automates and consolidates the bill payment process in one place, reducing complexity for consumers. Check is now known as Mint Bills and is part of our Small Business segment. See Note 14, “ Segment Information,” for more information. We have included the results of operations for Check in our consolidated results of operations from the date of acquisition. Their results of operations for periods prior to the date of acquisition were not material when compared with our consolidated results of operations. Under the acquisition method of accounting we allocated the fair value of the total purchase consideration of $342 million to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values on the date of acquisition. The fair values assigned to the identifiable intangible assets acquired were based on estimates and assumptions determined by management. We recorded the excess of consideration over the aggregate fair values as goodwill. Using information available at the time the acquisition closed, we allocated approximately $14 million of the consideration to net tangible assets and approximately $35 million of the consideration to identified intangible assets. We recorded the excess consideration of approximately $293 million as goodwill, none of which is deductible for income tax purposes.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Jul. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations Demandforce, QuickBase, and Quicken In the fourth quarter of fiscal 2015 management having the authority to do so formally approved a plan to sell our Demandforce, QuickBase, and Quicken businesses. The decision was a result of management’s desire to focus resources on our core small business and tax strategy. We determined that these businesses became long-lived assets held for sale in the fourth quarter of fiscal 2015. A long-lived asset classified as held for sale is measured at the lower of its carrying amount or fair value less cost to sell. Since the carrying value of these three businesses at July 31, 2015 was less than the estimated fair value less cost to sell, no adjustments to the carrying values of these long-lived assets were necessary at that date. We also classified our Demandforce, QuickBase, and Quicken businesses as discontinued operations in the fourth quarter of fiscal 2015 and have therefore segregated their operating results from continuing operations in our statements of operations and on our balance sheets for all periods presented. Because operating cash flows from these businesses were not material for any period presented, we have not segregated them from continuing operations on our statements of cash flows. Demandforce and QuickBase were part of our Small Business segment and Quicken was part of our former Consumer segment. See the table later in this Note 7 for more information on the operating results of Demandforce, QuickBase, and Quicken. The carrying amounts of the major classes of assets and liabilities of Demandforce, QuickBase, and Quicken at July 31, 2015 and July 31, 2014 were as shown in the following table. July 31, (In millions) 2015 2014 Accounts receivable $ 19 $ 19 Deferred income taxes 5 9 Prepaid and other current assets 2 1 Property and equipment, net 25 17 Goodwill 165 312 Purchased intangible assets, net 43 66 Other assets 2 1 Total assets 261 425 Accounts payable 7 16 Accrued compensation 21 16 Deferred revenue 48 31 Other current liabilities 17 17 Long-term deferred revenue 39 7 Long-term obligations 29 27 Total liabilities 161 114 Net assets $ 100 $ 311 Intuit Financial Services On July 1, 2013 we signed a definitive agreement to sell our Intuit Financial Services (IFS) business and on August 1, 2013 we completed the sale for approximately $1.025 billion in cash. We recorded a $44 million pre-tax gain on the disposal of IFS that was partially offset by a related income tax provision of approximately $8 million , resulting in a net gain on disposal of approximately $36 million in the first quarter of fiscal 2014. The decision to sell the IFS business was a result of management’s desire to focus resources on our offerings for small businesses, consumers, and accounting professionals. The IFS business comprised substantially all of our former Financial Services reportable segment. We determined that our IFS business became a long-lived asset held for sale in the fourth quarter of fiscal 2013. A long-lived asset classified as held for sale is measured at the lower of its carrying amount or fair value less cost to sell. Since the carrying value of IFS at July 31, 2013 was less than the estimated fair value less cost to sell, no adjustment to the carrying value of this long-lived asset was necessary at that date. We also classified our IFS business as discontinued operations in the fourth quarter of fiscal 2013 and have therefore segregated its operating results from continuing operations in our statements of operations for all periods presented. See the table later in this Note for more information. Because operating cash flows from the IFS business were not material for any period presented, we have not segregated them from continuing operations on our statements of cash flows. Intuit Health In July 2013 management having the authority to do so formally approved a plan to sell our Intuit Health business and on August 19, 2013 we completed the sale for cash consideration that was not significant. We recorded a $4 million pre-tax loss on the disposal of Intuit Health that was more than offset by a related income tax benefit of approximately $14 million, resulting in a net gain on disposal of approximately $10 million in the first quarter of fiscal 2014. The decision to sell the Intuit Health business was a result of management’s desire to focus resources on our offerings for small businesses, consumers, and accounting professionals. Intuit Health was part of our former Other Businesses reportable segment. We determined that our Intuit Health business became a long-lived asset held for sale in the fourth quarter of fiscal 2013. A long-lived asset classified as held for sale is measured at the lower of its carrying amount or fair value less cost to sell. Since the carrying value of Intuit Health at July 31, 2013 was less than the estimated fair value less cost to sell, no adjustment to the carrying value of this long-lived asset was necessary at that date. We also classified our Intuit Health business as discontinued operations in the fourth quarter of fiscal 2013 and have segregated its operating results in our statements of operations for all periods presented. See the table later in this Note for more information. Because operating cash flows from the Intuit Health business were also not material for any period presented, we have not segregated them from continuing operations on our statements of cash flows. Intuit Websites In July 2012 management having the authority to do so formally approved a plan to sell our Intuit Websites business, which was a component of our Small Business segment. The decision was the result of a shift in our strategy for helping small businesses to establish an online presence. On August 10, 2012 we signed a definitive agreement to sell our Intuit Websites business and on September 17, 2012 we completed the sale for approximately $60 million in cash. We recorded a gain on disposal of approximately $32 million , net of income taxes. We determined that our Intuit Websites business became a long-lived asset held for sale in the fourth quarter of fiscal 2012. A long-lived asset classified as held for sale is measured at the lower of its carrying amount or fair value less cost to sell. Since the carrying value of Intuit Websites at July 31, 2012 was less than the estimated fair value less cost to sell, no adjustment to the carrying value of this long-lived asset was necessary at that date. We also classified our Intuit Websites business as discontinued operations in the fourth quarter of fiscal 2012 and have segregated its operating results in our statements of operations for all periods presented. See the table later in this Note for more information. Because operating cash flows from the Intuit Websites business were also not material for any period presented, we have not segregated them from continuing operations on our statements of cash flows. Net Income (Loss) from Discontinued Operations Net revenue from discontinued operations, income or loss from discontinued operations before income taxes, and the components of net income (loss) from discontinued operations were as follows for the periods indicated: Twelve Months Ended July 31, (In millions) 2015 2014 2013 Net revenue from discontinued operations: Intuit Financial Services $ — $ — $ 325 Intuit Health — 1 16 Intuit Websites — — 10 Demandforce 115 107 80 QuickBase 70 57 47 Quicken 51 98 99 Total net revenue from discontinued operations $ 236 $ 263 $ 577 Income (loss) from discontinued operations before income taxes: Intuit Financial Services $ — $ — $ 52 Intuit Health — (1 ) (71 ) Demandforce (63 ) (51 ) (41 ) QuickBase 11 7 10 Quicken (136 ) 57 58 Total income (loss) from discontinued operations before income taxes $ (188 ) $ 12 $ 8 Net income (loss) from discontinued operations: Net income from Intuit Financial Services operations $ — $ — $ 34 Net gain on disposal of Intuit Financial Services discontinued operations — 36 8 Net loss from Intuit Health operations — — (57 ) Net gain on disposal of Intuit Health discontinued operations — 10 18 Net gain on disposal of Intuit Websites discontinued operations — — 32 Net loss from Demandforce operations (39 ) (30 ) (27 ) Net income from QuickBase operations 7 4 6 Net income (loss) from Quicken operations (140 ) 34 37 Tax benefit from discontinued operations 124 — — Total net income (loss) from discontinued operations $ (48 ) $ 54 $ 51 The tax benefit from discontinued operations for the twelve months ended July 31, 2015 and the net gains on disposal of Intuit Financial Services and Intuit Health for the twelve months ended July 31, 2013 were comprised of tax benefits from the anticipated sales of those businesses. See Note 10, “Income Taxes,” for more information.

Current Liabilities

Current Liabilities	12 Months Ended
	Jul. 31, 2015
Other Liabilities Disclosure [Abstract]
Current Liabilities	Current Liabilities Unsecured Revolving Credit Facility On February 17, 2012 we entered into an agreement with certain institutional lenders for a $500 million unsecured revolving credit facility that will expire on February 17, 2017. Advances under the credit facility will accrue interest at rates that are equal to, at our election, either JP Morgan’s alternate base rate plus a margin that ranges from 0.0% to 0.5% or the London InterBank Offered Rate (LIBOR) plus a margin that ranges from 0.9% to 1.5% . Actual margins under either election will be based on our senior debt credit ratings. The agreement includes customary affirmative and negative covenants, including financial covenants that require us to maintain a ratio of total debt to annual earnings before interest, taxes, depreciation and amortization (EBITDA) of not greater than 3.25 to 1.00 as of any date and a ratio of annual EBITDA to interest payable of not less than 3.00 to 1.00 as of the last day of each fiscal quarter. We remained in compliance with these covenants at all times during the twelve months ended July 31, 2015 . We may use the proceeds of any advances under this credit facility for general corporate purposes, including future acquisitions and stock repurchases. To date we have not borrowed under this credit facility. Other Current Liabilities Other current liabilities were as follows at the dates indicated: July 31, (In millions) 2015 2014 Reserve for product returns $ 12 $ 15 Reserve for rebates 12 21 Current portion of license fee payable 10 10 Current portion of deferred rent 8 6 Interest payable 10 10 Executive deferred compensation plan liabilities 63 62 Other 35 26 Total other current liabilities $ 150 $ 150

Long-Term Obligations and Commi

Long-Term Obligations and Commitments	12 Months Ended
	Jul. 31, 2015
Long-Term Obligations and Commitments [Abstract]
Long-Term Obligations and Commitments	Long-Term Obligations and Commitments Long-Term Debt On March 12, 2007 we issued $500 million of 5.75% senior unsecured notes due on March 15, 2017 (the Notes). We carried the Notes at face value less the unamortized discount in long-term debt on our balance sheets at July 31, 2015 and July 31, 2014 . The Notes are redeemable by Intuit at any time, subject to a make-whole premium, and include covenants that limit our ability to grant liens on our facilities and to enter into sale and leaseback transactions, subject to significant allowances. Interest on the Notes is payable semi-annually on March 15 and September 15. We paid $29 million in cash for interest on the Notes during each of the twelve months ended July 31, 2015 , July 31, 2014 and July 31, 2013 . Other Long-Term Obligations Other long-term obligations were as follows at the dates indicated: July 31, (In millions) 2015 2014 Total deferred rent $ 49 $ 52 Total license fee payable 34 41 Long-term income tax liabilities 45 32 Long-term deferred income tax liabilities 50 44 Other 13 14 Total long-term obligations 191 183 Less current portion (included in other current liabilities) (19 ) (17 ) Long-term obligations due after one year $ 172 $ 166 In May 2009 we entered into an agreement to license certain technology for $20 million in cash and $100 million payable over ten fiscal years. The total present value of the arrangement at inception was approximately $89 million. The total license fee payable in the table above includes imputed interest through the dates indicated. Operating Lease Commitments and Unconditional Purchase Obligations We lease office facilities and equipment under non-cancellable operating lease arrangements. Our facilities leases generally provide for periodic rent increases and many contain escalation clauses and renewal options. The leases for our corporate headquarters campus in Mountain View, California expire in 2024 and 2026, with options to extend the lease terms for an additional ten years at rates to be determined in accordance with the agreements. In the ordinary course of business we enter into certain unconditional purchase obligations with our suppliers. These are agreements to purchase products and services that are enforceable, legally binding, and specify terms that include fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the payments. Annual minimum commitments under operating leases and purchase obligations at July 31, 2015 were as shown in the table below. (In millions) Operating Lease Commitments Purchase Obligations Fiscal year ending July 31, 2016 $ 74 $ 26 2017 72 12 2018 58 55 2019 50 — 2020 47 — Thereafter 221 1 Total commitments $ 522 $ 94 Less minimum payments to be received from non-cancellable subleases (13 ) Net operating lease commitments $ 509 Rent expense for continuing operations totaled $59 million for the twelve months ended July 31, 2015 , $54 million for the twelve months ended July 31, 2014 , and $50 million for the twelve months ended July 31, 2013 . Rent expense includes base contractual rent and contractual variable expenses such as building maintenance, utilities, property taxes and insurance.

Income Taxes

Income Taxes	12 Months Ended
	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes from continuing operations consisted of the following for the periods indicated: Twelve Months Ended July 31, (In millions) 2015 2014 2013 Current: Federal $ 253 $ 358 $ 328 State 20 21 30 Foreign 7 10 5 Total current 280 389 363 Deferred: Federal 14 51 4 State 1 5 1 Foreign 4 2 10 Total deferred 19 58 15 Total provision for income taxes from continuing operations $ 299 $ 447 $ 378 Excess tax benefits associated with share-based compensation deductions are credited to stockholders’ equity. The reductions of income taxes payable resulting from share-based compensation deductions that were credited to stockholders’ equity were approximately $85 million for the twelve months ended July 31, 2015 , $82 million for the twelve months ended July 31, 2014 , and $69 million for the twelve months ended July 31, 2013 . The sources of income from continuing operations before the provision for income taxes consisted of the following for the periods indicated: Twelve Months Ended July 31, (In millions) 2015 2014 2013 United States $ 716 $ 1,276 $ 1,140 Foreign (4 ) 24 45 Total $ 712 $ 1,300 $ 1,185 Differences between income taxes calculated using the federal statutory income tax rate of 35% and the provision for income taxes from continuing operations were as follows for the periods indicated: Twelve Months Ended July 31, (In millions) 2015 2014 2013 Income from continuing operations before income taxes $ 712 $ 1,300 $ 1,185 Statutory federal income tax $ 249 $ 455 $ 415 State income tax, net of federal benefit 15 17 17 Federal research and experimentation credits (19 ) (7 ) (23 ) Domestic production activities deduction (19 ) (25 ) (29 ) Share-based compensation 15 8 6 Effects of non-U.S. operations 12 1 (2 ) Non-deductible goodwill 40 — — Other, net 6 (2 ) (6 ) Total provision for income taxes from continuing operations $ 299 $ 447 $ 378 In December 2014 the Tax Increase Prevention Act of 2014 was signed into law. The Act includes a reinstatement of the federal research and experimentation credit through December 31, 2014 that was retroactive to January 1, 2014. We recorded a discrete tax benefit of approximately $11 million for the retroactive effect during the twelve months ended July 31, 2015. As of July 31, 2015, the federal research and experimentation credit had not been extended beyond December 31, 2014. In January 2013 the American Taxpayer Relief Act of 2012 was signed into law. The Act includes a reinstatement of the federal research and experimentation credit through December 31, 2013 that was retroactive to January 1, 2012. We recorded a discrete tax benefit of approximately $8 million for the retroactive effect during the twelve months ended July 31, 2013. Significant deferred tax assets and liabilities were as follows at the dates indicated: July 31, (In millions) 2015 2014 Deferred tax assets: Accruals and reserves not currently deductible $ 36 $ 53 Deferred rent 10 8 Accrued and deferred compensation 52 48 Loss and tax credit carryforwards 44 41 Share-based compensation 52 50 Net basis difference in investments held for sale 122 — Other, net 6 1 Total deferred tax assets 322 201 Deferred tax liabilities: Intangible assets 87 97 Property and equipment 20 4 Total deferred tax liabilities 107 101 Total net deferred tax assets 215 100 Valuation allowance (30 ) (20 ) Total net deferred tax assets, net of valuation allowance $ 185 $ 80 The components of total net deferred tax assets, net of valuation allowances, as shown on our balance sheets were as follows at the dates indicated: July 31, (In millions) 2015 2014 Current deferred income taxes $ 231 $ 124 Long-term deferred income taxes included in other assets 4 — Long-term deferred income taxes included in other long-term obligations (50 ) (44 ) Total net deferred tax assets, net of valuation allowance $ 185 $ 80 We have provided a valuation allowance related to the benefits of federal and state net basis difference in investments held for sale, state capital and operating loss carryforwards, foreign operating loss carryforwards, and state tax credit carryforwards that we believe are unlikely to be realized. Changes in the valuation allowance during the twelve months ended July 31, 2015 were primarily related to an increase in the valuation allowance for state tax credit and foreign operating loss carryforwards, offset with a reduction in the valuation allowance for state capital loss carryforwards. Changes in the valuation allowance during the twelve months ended July 31, 2014 were primarily related to the reduction of the valuation allowance on the loss associated with the sale of our Intuit Health investment, partially offset by the increase of the valuation allowance related to state tax credit and state and foreign operating loss carryforwards. The deferred tax asset for the net basis difference in the Demandforce investment held for sale was $122 million . We recorded the related tax benefit to tax benefit from discontinued operations. See Note 7, “ Discontinued Operations,” for more information. At July 31, 2015, the deferred tax asset for the state capital loss carryforwards on the sale of Intuit Websites and Intuit Financial Services was $4 million , on which there was a valuation allowance of $1 million . During the twelve months ended July 31, 2015 the valuation allowance was reduced by $2 million and the related tax benefit was recorded to tax benefit from discontinued operations. See Note 7, “ Discontinued Operations ,” for more information. At July 31, 2015 , we had total federal net operating loss carryforwards of approximately $23 million that will start to expire in fiscal 2029 . Utilization of the net operating losses is subject to annual limitation. The annual limitation may result in the expiration of net operating losses before utilization. At July 31, 2015 , we had total state net operating loss carryforwards of approximately $115 million for which we have recorded a deferred tax asset of $7 million and a valuation allowance of $6 million . The state net operating losses will start to expire in fiscal 2016 . Utilization of the net operating losses is subject to annual limitation. The annual limitation may result in the expiration of net operating losses before utilization. At July 31, 2015 , we had Singapore operating loss carryforwards of approximately $46 million which have an indefinite carryforward period. We recorded a full valuation allowance on the related deferred tax asset. At July 31, 2015 , we had California research and experimentation credit carryforwards of approximately $44 million . If realized, $11 million of the carryfoward will be recognized as additional paid in capital. We recorded a full valuation on the related deferred tax asset. Unrecognized Tax Benefits The aggregate changes in the balance of our gross unrecognized tax benefits were as follows for the periods indicated: Twelve Months Ended July 31, (In millions) 2015 2014 2013 Gross unrecognized tax benefits, beginning balance $ 40 $ 39 $ 38 Increases related to tax positions from prior fiscal years, including acquisitions 15 4 5 Decreases related to tax positions from prior fiscal years (1 ) (8 ) (12 ) Increases related to tax positions taken during current fiscal year 5 5 9 Settlements with tax authorities (3 ) — (1 ) Gross unrecognized tax benefits, ending balance $ 56 $ 40 $ 39 The total amount of our unrecognized tax benefits at July 31, 2015 was $56 million. Net of related deferred tax assets, unrecognized tax benefits were $37 million at that date. If we were to recognize these net benefits, our income tax expense would reflect a favorable net impact of $37 million. We do not believe that it is reasonably possible that there will be a significant increase or decrease in unrecognized tax benefits over the next 12 months. We file U.S. federal, U.S. state, and foreign tax returns. Our major tax jurisdictions are U.S. federal and the State of California. For U.S. federal tax returns we are no longer subject to tax examinations for years prior to fiscal 2010. For California tax returns we are no longer subject to tax examinations for years prior to fiscal 2009. We are currently under examination by the Internal Revenue Service for fiscal 2010 through fiscal 2012. We recognize interest and penalties related to unrecognized tax benefits within the provision for income taxes. Amounts accrued at July 31, 2015 and July 31, 2014 for the payment of interest and penalties were not significant. The amounts of interest and penalties that we recognized during the twelve months ended July 31, 2015 , 2014 and 2013 were also not significant.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Stock Repurchase Programs Intuit’s Board of Directors has authorized a series of common stock repurchase programs. Shares of common stock repurchased under these programs become treasury shares. Under these programs, we repurchased 13.8 million shares of our common stock for $1.2 billion during the twelve months ended July 31, 2015 ; 22.5 million shares for $1.6 billion during the twelve months ended July 31, 2014 ; and 4.8 million shares for $292 million during the twelve months ended July 31, 2013 . At July 31, 2015 , we had authorization from our Board of Directors to expend up to an additional $2.6 billion for stock repurchases through May 19, 2019. Future stock repurchases under the current program are at the discretion of management, and authorization of future stock repurchase programs is subject to the final determination of our Board of Directors. To facilitate our stock repurchase program, from time to time we repurchase shares in the open market. On August 23, 2013 we entered into an accelerated share repurchase (ASR) agreement with a large financial institution to repurchase $1.4 billion of Intuit’s common stock on an accelerated basis. On August 23, 2013 we paid $1.4 billion to the financial institution and received an initial delivery of 17.6 million shares of Intuit common stock. On December 23, 2013 we received a final delivery of 2.6 million shares of Intuit common stock. We treated the ASR as a forward contract indexed to our own common stock. The forward contract met all of the applicable criteria for equity classification, so we did not account for it as a derivative instrument. We have reflected the shares delivered to us by the financial institution as treasury shares as of the date they were physically delivered in computing weighted average shares outstanding for both basic and diluted net loss per share. Our treasury shares are repurchased at the market price on the trade date; accordingly, all amounts paid to reacquire these shares have been recorded as treasury stock on our balance sheets. Repurchased shares of our common stock are held as treasury shares until they are reissued or retired. When we reissue treasury stock, if the proceeds from the sale are more than the average price we paid to acquire the shares we record an increase in additional paid-in capital. Conversely, if the proceeds from the sale are less than the average price we paid to acquire the shares, we record a decrease in additional paid-in capital to the extent of increases previously recorded for similar transactions and a decrease in retained earnings for any remaining amount. In the past we have satisfied option exercises and restricted stock unit vesting under our employee equity incentive plans by reissuing treasury shares, and we may do so again in the future. During the second quarter of fiscal 2014 we began issuing new shares of common stock to satisfy option exercises and RSU vesting under our 2005 Equity Incentive Plan. We have not yet determined the ultimate disposition of the shares that we have repurchased in the past, and consequently we continue to hold them as treasury shares. Dividends on Common Stock During fiscal 2015 we declared and paid cash dividends that totaled $1.00 per share of outstanding common stock or approximately $283 million . In August 2015 our Board of Directors declared a quarterly cash dividend of $0.30 per share of outstanding common stock payable on October 19, 2015 to stockholders of records at the close of business on October 12, 2015 . Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors. Description of 2005 Equity Incentive Plan Our stockholders initially approved our 2005 Equity Incentive Plan (2005 Plan) on December 9, 2004. On January 23, 2014 our stockholders approved an Amended and Restated 2005 Equity Incentive Plan (Restated 2005 Plan) that expires on October 29, 2023. Under the Restated 2005 Plan, we are permitted to grant incentive and non-qualified stock options, restricted stock awards, restricted stock units (RSUs), stock appreciation rights and stock bonus awards to our employees, non-employee directors, and consultants. The Compensation and Organizational Development Committee of our Board of Directors or its delegates determine who will receive grants, when those grants will be exercisable, their exercise price and other terms. We are permitted to issue up to 115.0 million shares under the Restated 2005 Plan. The plan provides a fungible share reserve. Each stock option granted on or after November 1, 2010 reduces the share reserve by one share and each restricted stock award or restricted stock unit granted reduces the share reserve by 2.3 shares. Stock options forfeited and returned to the pool of shares available for grant increase the pool by one share for each share forfeited. Restricted stock awards and RSUs forfeited and returned to the pool of shares available for grant increase the pool by 2.3 shares for each share forfeited. At July 31, 2015 , there were approximately 17.2 million shares available for grant under this plan. Stock options granted under the 2005 Plan and the Restated 2005 Plan typically vest over three years based on continued service and have a seven year term. RSUs granted under those plans typically vest over three years based on continued service. Certain RSUs granted to senior management vest based on the achievement of pre-established performance or market goals. Description of Employee Stock Purchase Plan On November 26, 1996 our stockholders initially adopted our Employee Stock Purchase Plan (ESPP) under Section 423 of the Internal Revenue Code. The ESPP permits our eligible employees to make payroll deductions to purchase our stock on regularly scheduled purchase dates at a discount. Our stockholders have approved amendments to the ESPP to permit the issuance of up to 23.8 million shares under the ESPP, which expires upon the earliest to occur of (a) termination of the ESPP by the Board, or (b) issuance of all the shares of Intuit’s common stock reserved for issuance under the ESPP. Offering periods under the ESPP are six months in duration and composed of two consecutive three -month accrual periods. Shares are purchased at 85% of the lower of the closing price for Intuit common stock on the first day of the offering period or the last day of the accrual period. Under the ESPP, employees purchased 892,632 shares of Intuit common stock during the twelve months ended July 31, 2015 ; 1,044,961 shares during the twelve months ended July 31, 2014 ; and 1,172,822 shares during the twelve months ended July 31, 2013 . At July 31, 2015 , there were 4,638,773 shares available for issuance under this plan. Share-Based Compensation Expense The following table summarizes the total share-based compensation expense that we recorded in operating income from continuing operations for the periods shown. Twelve Months Ended July 31, (In millions except per share amounts) 2015 2014 2013 Cost of service and other revenue $ 6 $ 7 $ 4 Selling and marketing 69 53 55 Research and development 80 59 50 General and administrative 87 67 57 Total share-based compensation expense from continuing operations 242 186 166 Income tax benefit (75 ) (60 ) (55 ) Decrease in net income from continuing operations $ 167 $ 126 $ 111 Decrease in net income per share from continuing operations: Basic $ 0.59 $ 0.44 $ 0.37 Diluted $ 0.58 $ 0.43 $ 0.37 The table above excludes share-based compensation expense for our discontinued operations, which totaled $15 million during the twelve months ended July 31, 2015, $18 million during the twelve months ended July 31, 2014, and $29 million during the twelve months ended July 31, 2013. Because we have not reclassified our statements of cash flows to segregate discontinued operations, these amounts are included in share-based compensation expense on our statements of cash flows for that period. Determining Fair Value Valuation and Amortization Method. We estimate the fair value of stock options granted using a lattice binomial model and a multiple option award approach. Our stock options have various restrictions, including vesting provisions and restrictions on transfer, and are often exercised prior to their contractual maturity. We believe that lattice binomial models are more capable of incorporating the features of our stock options than closed-form models such as the Black Scholes model. The use of a lattice binomial model requires the use of extensive actual employee exercise behavior and a number of complex assumptions including the expected volatility of our stock price over the term of the options, risk-free interest rates and expected dividends. We amortize the fair value of options on a straight-line basis over the requisite service periods of the awards, which are generally the vesting periods. Restricted stock units (RSUs) granted typically vest based on continued service. We value these time-based RSUs at the date of grant using the intrinsic value method, adjusted for estimated forfeitures. We amortize the fair value of time-based RSUs on a straight-line basis adjusted for estimated forfeitures over the service period. Certain RSUs granted to senior management vest based on the achievement of pre-established performance or market goals. We estimate the fair value of performance-based RSUs at the date of grant using the intrinsic value method and the probability that the specified performance criteria will be met, adjusted for estimated forfeitures. Each quarter we update our assessment of the probability that the specified performance criteria will be achieved and adjust our estimate of the fair value of the performance-based RSUs if necessary. We amortize the fair values of performance-based RSUs over the requisite service period adjusted for estimated forfeitures for each separately vesting tranche of the award. We estimate the fair value of market-based RSUs at the date of grant using a Monte Carlo valuation methodology and amortize those fair values over the requisite service period adjusted for estimated forfeitures for each separately vesting tranche of the award. The Monte Carlo methodology that we use to estimate the fair value of market-based RSUs at the date of grant incorporates into the valuation the possibility that the market condition may not be satisfied. Provided that the requisite service is rendered, the total fair value of the market-based RSUs at the date of grant must be recognized as compensation expense even if the market condition is not achieved. However, the number of shares that ultimately vest can vary significantly with the performance of the specified market criteria. All of the RSUs we grant have dividend rights that are subject to the same vesting requirements as the underlying equity awards, so we do not adjust the market price of our stock on the date of grant for dividends. Expected Term . The expected term of options granted represents the period of time that they are expected to be outstanding and is a derived output of the lattice binomial model. The expected term of stock options is impacted by all of the underlying assumptions and calibration of our model. The lattice binomial model assumes that option exercise behavior is a function of the option’s remaining vested life and the extent to which the market price of our common stock exceeds the option exercise price. The lattice binomial model estimates the probability of exercise as a function of these two variables based on the history of exercises and cancellations on all past option grants made by us. Expected Volatility . We estimate the volatility of our common stock at the date of grant based on the implied volatility of one-year and two-year publicly traded options on our common stock. Our decision to use implied volatility was based upon the availability of actively traded options on our common stock and our assessment that implied volatility is more representative of future stock price trends than historical volatility. Risk-Free Interest Rate. We base the risk-free interest rate that we use in our option valuation model on the implied yield in effect at the time of option grant on constant maturity U.S. Treasury issues with equivalent remaining terms. Dividends. We use an annualized expected dividend yield in our option valuation model. We paid quarterly cash dividends during fiscal 2015, fiscal 2014, and fiscal 2013 and currently expect to continue to pay cash dividends in the future. Forfeitures. We estimate forfeitures at the time of grant and revise those estimates in subsequent periods if actual forfeitures differ from those estimates. We use historical data to estimate pre-vesting option forfeitures and record share-based compensation expense only for those awards that are expected to vest. We used the following assumptions to estimate the fair value of stock options granted and shares purchased under our Employee Stock Purchase Plan for the periods indicated: Twelve Months Ended July 31, 2015 2014 2013 Assumptions for stock options: Expected volatility (range) 22% - 24% 22% - 24% 22% - 27% Weighted average expected volatility 23 % 23 % 23 % Risk-free interest rate (range) 1.13% - 1.47% 1.01% - 1.40% 0.49% - 1.05% Expected dividend yield 0.93% - 1.05% 0.92% - 1.06% 1.02% - 1.18% Assumptions for ESPP: Expected volatility (range) 20% - 23% 19% - 22% 20% - 24% Weighted average expected volatility 21 % 21 % 22 % Risk-free interest rate (range) 0.01% - 0.15% 0.02% - 0.08% 0.05% - 0.11% Expected dividend yield 0.96% - 1.19% 0.94% - 1.15% 1.04% - 1.17% Share-Based Awards Available for Grant A summary of share-based awards available for grant under our 2005 Equity Incentive Plan for the fiscal periods indicated was as follows: (Shares in thousands) Shares Available for Grant Balance at July 31, 2012 21,760 Options granted (2,607 ) Restricted stock units granted (1) (9,310 ) Share-based awards canceled/forfeited/expired (1)(2) 2,277 Balance at July 31, 2013 12,120 Additional shares authorized 19,000 Options granted (2,206 ) Restricted stock units granted (1) (8,959 ) Share-based awards canceled/forfeited/expired (1)(2) 4,248 Balance at July 31, 2014 24,203 Options granted (1,981 ) Restricted stock units granted (1) (8,053 ) Share-based awards canceled/forfeited/expired (1)(2) 3,014 Balance at July 31, 2015 17,183 ________________________________ (1) RSUs granted from the pool of shares available for grant under our 2005 Equity Incentive Plan reduce the pool by 2.3 shares for each share granted. RSUs forfeited and returned to the pool of shares available for grant increase the pool by 2.3 shares for each share forfeited. (2) Stock options and restricted stock units canceled, expired or forfeited under our 2005 Equity Incentive Plan are returned to the pool of shares available for grant. Stock options and restricted stock units canceled, expired or forfeited under older expired plans are not returned to the pool of shares available for grant. Stock Option Activity and Related Share-Based Compensation Expense A summary of activity under all share-based compensation plans for the fiscal periods indicated was as follows: Options Outstanding (Shares in thousands) Number of Shares Weighted Average Exercise Price Per Share Balance at July 31, 2012 18,061 $37.49 Granted 2,607 62.93 Exercised (5,826 ) 32.79 Canceled or expired (636 ) 44.60 Balance at July 31, 2013 14,206 43.77 Granted 2,206 82.15 Assumed in connection with acquisitions 261 5.16 Exercised (5,041 ) 37.74 Canceled or expired (694 ) 54.77 Balance at July 31, 2014 10,938 52.67 Granted 1,981 106.86 Exercised (3,704 ) 41.65 Canceled or expired (502 ) 62.32 Balance at July 31, 2015 8,713 $69.13 Information regarding stock options outstanding as of July 31, 2015 is summarized below: Number of Shares (in thousands) Weighted Average Remaining Contractual Life (in Years) Weighted Average Exercise Price per Share Aggregate Intrinsic Value (in millions) Options outstanding 8,713 5.50 $69.13 $332 Options vested and expected to vest 8,282 5.36 $67.86 $326 Options exercisable 4,389 3.50 $51.55 $244 Options expected to vest are unvested shares net of expected forfeitures. The aggregate intrinsic values at July 31, 2015 are calculated as the difference between the exercise price of the underlying options and the market price of our common stock for shares that were in-the-money at that date. In-the-money options at July 31, 2015 were options that had exercise prices that were lower than the $105.77 market price of our common stock at that date. Additional information regarding our stock options and ESPP shares is shown in the table below. Twelve Months Ended July 31, (In millions except per share amounts) 2015 2014 2013 Weighted average fair value of options granted (per share) $ 19.39 $ 21.34 $ 11.24 Total fair value of options vested $ 33 $ 20 $ 41 Aggregate intrinsic value of options exercised $ 191 $ 177 $ 166 Share-based compensation expense for stock options and ESPP $ 54 $ 43 $ 44 Total tax benefit for stock option and ESPP share-based compensation $ 12 $ 11 $ 13 Cash received from option exercises $ 154 $ 190 $ 191 Cash tax benefits realized related to tax deductions for non-qualified option exercises and disqualifying dispositions under all share-based payment arrangements $ 68 $ 63 $ 60 At July 31, 2015 , there was $67 million of unrecognized compensation cost related to non-vested stock options that we will amortize to expense in the future. Unrecognized compensation cost will be adjusted for future changes in estimated forfeitures. We expect to recognize that cost over a weighted average vesting period of 2.4 years. Restricted Stock Unit Activity and Related Share-Based Compensation Expense A summary of restricted stock unit (RSU) activity for the periods indicated was as follows: (Shares in thousands) Number of Shares Weighted Average Grant Date Fair Value Nonvested at July 31, 2012 9,607 $46.79 Granted 4,048 62.76 Vested (3,670 ) 43.00 Forfeited (801 ) 48.16 Nonvested at July 31, 2013 9,184 55.23 Granted 3,896 71.37 Assumed or granted in connection with acquisitions 782 71.00 Vested (2,820 ) 53.98 Forfeited (1,587 ) 61.76 Nonvested at July 31, 2014 9,455 62.46 Granted 3,501 100.18 Assumed or granted in connection with acquisitions 292 91.87 Vested (3,155 ) 67.00 Forfeited (1,177 ) 62.32 Nonvested at July 31, 2015 8,916 $76.64 Additional information regarding our RSUs is shown in the table below. Twelve Months Ended July 31, (In millions) 2015 2014 2013 Total fair value of RSUs vested $ 282 $ 204 $ 224 Share-based compensation for RSUs $ 188 $ 143 $ 122 Total tax benefit related to RSU share-based compensation expense $ 63 $ 49 $ 42 Cash tax benefits realized for tax deductions for RSUs $ 96 $ 134 $ 77 At July 31, 2015 , there was $446 million of unrecognized compensation cost related to non-vested RSUs that we will amortize to expense in the future. Unrecognized compensation cost will be adjusted for future changes in estimated forfeitures. We expect to recognize that cost over a weighted average vesting period of 2.3 years. Accumulated Other Comprehensive Loss Comprehensive income consists of two elements, net income and other comprehensive income (loss). Other comprehensive income (loss) items are recorded in the stockholders’ equity section of our balance sheets and excluded from net income. Our other comprehensive income (loss) consists of unrealized gains and losses on marketable debt and equity securities classified as available-for-sale and foreign currency translation adjustments for subsidiaries with functional currencies other than the U.S. dollar. The following table shows the components of accumulated other comprehensive loss, net of income taxes, in the stockholders’ equity section of our balance sheets at the dates indicated. July 31, (In millions) 2015 2014 Unrealized gains on available-for-sale debt securities $ — $ 1 Foreign currency translation adjustments (30 ) (3 ) Total accumulated other comprehensive loss $ (30 ) $ (2 )

Benefit Plans

Benefit Plans	12 Months Ended
	Jul. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Benefit Plans	Benefit Plans Executive Deferred Compensation Plan In December 2004 we initially adopted our 2005 Executive Deferred Compensation Plan, which became effective January 1, 2005. We adopted this plan to meet the requirements for deferred compensation under Section 409A of the Internal Revenue Code. The plan provides that executives who meet minimum compensation requirements are eligible to defer up to 75% of their salaries, bonuses and commissions. We have agreed to credit the participants’ contributions with earnings that reflect the performance of certain independent investment funds. We may also make discretionary employer contributions to participant accounts in certain circumstances. The timing, amounts and vesting schedules of employer contributions are at the sole discretion of the Compensation and Organizational Development Committee of our Board of Directors or its delegate. The benefits under this plan are unsecured. Participants are generally eligible to receive payment of their vested benefit at the end of their elected deferral period or after termination of their employment with Intuit for any reason or at a later date to comply with the restrictions of Section 409A. Discretionary company contributions and the related earnings vest completely upon the participant’s disability, death or a change of control of Intuit. We made no employer contributions to the plan for any period presented. We had liabilities related to this plan of $63 million at July 31, 2015 and $62 million at July 31, 2014 . We have matched the plan liabilities with similar performing assets, which are primarily investments in life insurance contracts. These assets are recorded in other long-term assets while liabilities related to obligations are recorded in other current liabilities on our balance sheets. 401(k) Plan In the United States, employees who participate in the Intuit Inc. 401(k) Plan may currently contribute up to 50% of pre-tax compensation, subject to Internal Revenue Service limitations and the terms and conditions of the plan. We match a portion of employee contributions, currently 125% up to six percent of salary, subject to Internal Revenue Service limitations. Matching contributions were $44 million for the twelve months ended July 31, 2015 ; $43 million for the twelve months ended July 31, 2014 ; and $40 million for the twelve months ended July 31, 2013 .

Litigation

Litigation	12 Months Ended
	Jul. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Litigation	Litigation Intuit has been contacted by regulatory authorities, including Congress, the Federal Trade Commission, the SEC, the Department of Justice and certain state Attorneys General, in connection with the increase during the 2015 tax season in attempts by criminals using stolen identity information to file fraudulent tax returns and claim refunds at the state and federal levels. Intuit is cooperating with all such government inquiries, including formal requests for information. In addition, we are the subject of certain actions, including putative class action lawsuits by individuals who claim to have suffered damages in connection with the foregoing events. We believe that the allegations contained within these lawsuits are without merit, and we intend to vigorously defend against them. Intuit is subject to certain routine legal proceedings, including class action lawsuits like those described above, as well as demands, claims, government inquiries and threatened litigation, that arise in the normal course of our business, including assertions that we may be infringing patents or other intellectual property rights of others. We currently believe that, in addition to any amounts accrued, the amount of potential losses, if any, for any pending claims of any type (either alone or combined) will not have a material impact on our consolidated financial statements. The ultimate outcome of any litigation is uncertain and, regardless of outcome, litigation can have an adverse impact on Intuit because of defense costs, negative publicity, diversion of management resources and other factors. Our failure to obtain necessary license or other rights, or litigation arising out of intellectual property claims could adversely affect our business.

Segment Information

Segment Information	12 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information We have defined three reportable segments, described below, based on factors such as how we manage our operations and how our chief operating decision maker views results. We define the chief operating decision maker as our Chief Executive Officer and our Chief Financial Officer. Our chief operating decision maker organizes and manages our business primarily on the basis of product and service offerings. Small Business. Our Small Business segment includes the following offerings, which target small businesses and the accounting professionals who serve them. • QuickBooks financial and business management online services and desktop software; QuickBooks technical support; and financial supplies. • QuickBooks Accountant, QuickBooks Accountant Plus, and QuickBooks Online Accountant as well as the QuickBooks ProAdvisor Program, all of which are intended for the accounting professionals who serve small businesses. • Small business payroll products and services, including online payroll offerings such as Quickbooks Online Payroll and Intuit Online Payroll; desktop payroll offerings such as QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; and full service payroll offerings such as Intuit Full Service Payroll and QuickBooks Assisted Payroll. • Payment processing services for small businesses, including merchant services such as credit and debit card processing; Web-based transaction processing services for online merchants; secure online payments for small businesses and their customers through the Intuit Commerce Network; GoPayment mobile payment processing services; and QuickBooks Point of Sale solutions. Consumer Tax. Consumer Tax targets consumers and includes TurboTax income tax preparation products and services and electronic tax filing services. Professional Tax. Our Professional Tax segment targets professional accountants in the U.S. and Canada and includes Lacerte, ProSeries, ProFile and Intuit Tax Online professional tax preparation products and services, electronic tax filing services, bank product transmission services, and training services. All of our segments operate primarily in the United States and sell primarily to customers in the United States. International total net revenue was less than 5% of consolidated total net revenue for the twelve months ended July 31, 2015 , 2014 and 2013 . We include expenses such as corporate selling and marketing, product development, and general and administrative expenses and share-based compensation expenses, which are not allocated to specific segments, in unallocated corporate items. Unallocated corporate items also include amortization of acquired technology, amortization of other acquired intangible assets, and goodwill and intangible asset impairment charges. The accounting policies of our reportable segments are the same as those described in the summary of significant accounting policies in Note 1. Except for goodwill and acquired intangible assets, we do not generally track assets by reportable segment and, consequently, we do not disclose total assets by reportable segment. See Note 5, “Goodwill and Acquired Intangible Assets,” for goodwill by reportable segment. The following table shows our financial results by reportable segment for the periods indicated. Results for all periods presented have been adjusted to exclude results for our Demandforce, QuickBase, and Quicken businesses, which we classified as discontinued operations in the fourth quarter of fiscal 2015. Demandforce and QuickBase were part of the Small Business segment, and Quicken was part of the Consumer Ecosystem product line in the former Consumer segment. The remaining components of the Consumer Ecosystem product line are included in the Small Business segment for all periods presented and the former Consumer segment is now called the Consumer Tax segment. Results for all periods presented also exclude results for our Intuit Financial Services and Intuit Health businesses, which we classified as discontinued operations in the fourth quarter of fiscal 2013, and our Intuit Websites business, which we classified as discontinued operations in the fourth quarter of fiscal 2012. See Note 7, “ Discontinued Operations,” for more information. Twelve Months Ended July 31, (In millions) 2015 2014 2013 Net revenue: Small Business segment $ 2,108 $ 2,158 $ 1,988 Consumer Tax segment 1,800 1,663 1,552 Professional Tax segment 284 422 406 Total net revenue $ 4,192 $ 4,243 $ 3,946 Operating income from continuing operations: Small Business segment 696 852 806 Consumer Tax segment 1,131 1,075 964 Professional Tax segment 108 268 260 Total segment operating income 1,935 2,195 2,030 Unallocated corporate items: Share-based compensation expense (242 ) (186 ) (166 ) Other common expenses (765 ) (684 ) (626 ) Amortization of acquired technology (30 ) (18 ) (13 ) Amortization of other acquired intangible assets (12 ) (7 ) (17 ) Goodwill and intangible asset impairment charges (148 ) — — Total unallocated corporate items (1,197 ) (895 ) (822 ) Total operating income from continuing operations $ 738 $ 1,300 $ 1,208

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Jul. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	Selected Quarterly Financial Data (Unaudited) The following tables contain selected quarterly financial data for the twelve months ended July 31, 2015 and July 31, 2014 . We have classified our Demandforce, QuickBase, Quicken, Intuit Financial Services, Intuit Health, and Intuit Websites businesses as discontinued operations and as a result have segregated their operating results from continuing operations in our statements of operations and in these tables. See Note 7, “ Discontinued Operations,” for more information. Fiscal 2015 Quarter Ended (In millions, except per share amounts) October 31 January 31 April 30 July 31 Total net revenue $ 612 $ 749 $ 2,135 $ 696 Cost of revenue 159 188 202 176 All other costs and expenses 562 650 867 650 Operating income (loss) from continuing operations (109 ) (89 ) 1,066 (130 ) Net income (loss) from continuing operations (81 ) (60 ) 656 (102 ) Net income (loss) from discontinued operations (3 ) (6 ) (155 ) 116 Net income (loss) (84 ) (66 ) 501 14 Basic net income (loss) per share from continuing operations $ (0.28 ) $ (0.21 ) $ 2.37 $ (0.37 ) Basic net income (loss) per share from discontinued operations (0.01 ) (0.02 ) (0.56 ) 0.42 Basic net income (loss) per share $ (0.29 ) $ (0.23 ) $ 1.81 $ 0.05 Diluted net income (loss) per share from continuing operations $ (0.28 ) $ (0.21 ) $ 2.33 $ (0.37 ) Diluted net income (loss) per share from discontinued operations (0.01 ) (0.02 ) (0.55 ) 0.42 Diluted net income (loss) per share $ (0.29 ) $ (0.23 ) $ 1.78 $ 0.05 Fiscal 2014 Quarter Ended (In millions, except per share amounts) October 31 January 31 April 30 July 31 Total net revenue $ 565 $ 711 $ 2,318 $ 649 Cost of revenue 133 164 158 166 All other costs and expenses 509 602 673 538 Operating income (loss) from continuing operations (77 ) (55 ) 1,487 (55 ) Net income (loss) from continuing operations (57 ) (42 ) 980 (28 ) Net income (loss) from discontinued operations 46 5 4 (1 ) Net income (loss) (11 ) (37 ) 984 (29 ) Basic net income (loss) per share from continuing operations $ (0.20 ) $ (0.15 ) $ 3.45 $ (0.10 ) Basic net income (loss) per share from discontinued operations 0.16 0.02 0.02 — Basic net income (loss) per share $ (0.04 ) $ (0.13 ) $ 3.47 $ (0.10 ) Diluted net income (loss) per share from continuing operations $ (0.20 ) $ (0.15 ) $ 3.38 $ (0.10 ) Diluted net income (loss) per share from discontinued operations 0.16 0.02 0.01 — Diluted net income (loss) per share $ (0.04 ) $ (0.13 ) $ 3.39 $ (0.10 )

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts [Schedule II]	12 Months Ended
	Jul. 31, 2015
Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts [Schedule II]	Schedule II INTUIT INC. VALUATION AND QUALIFYING ACCOUNTS (In millions) Beginning Balance Additions Charged to Expense/ Revenue Deductions Ending Balance Year ended July 31, 2015 Allowance for doubtful accounts $ 40 $ 57 $ (52 ) $ 45 Reserve for product returns 15 68 (71 ) 12 Reserve for rebates 21 97 (106 ) 12 Year ended July 31, 2014 Allowance for doubtful accounts $ 38 $ 50 $ (48 ) $ 40 Reserve for product returns 14 74 (73 ) 15 Reserve for rebates 14 103 (96 ) 21 Year ended July 31, 2013 Allowance for doubtful accounts $ 46 $ 49 $ (57 ) $ 38 Reserve for product returns 16 92 (94 ) 14 Reserve for rebates 16 107 (109 ) 14 Notes: The table above excludes balances and activity for our discontinued operations for all periods presented.

Description of Business and S25

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These consolidated financial statements include the financial statements of Intuit and its wholly owned subsidiaries. We have eliminated all significant intercompany balances and transactions in consolidation. We have reclassified certain amounts previously reported in our financial statements to conform to the current presentation, including amounts related to discontinued operations and reportable segments. See Note 7, “Discontinued Operations,” and Note 14, “Segment Information,” for more information. In fiscal 2014 we acquired Check Inc. (now known as Mint Bills). We have included the results of operations for this company in our consolidated results of operations from the date of acquisition. See Note 6, “Business Combinations,” for more information. As discussed in Note 7, in September 2012 we sold our Intuit Websites business. In August 2013 we sold our Intuit Financial Services (IFS) business and our Intuit Health business. In the fourth quarter of fiscal 2015 we classified our Demandforce, QuickBase, and Quicken businesses as discontinued operations. We have reclassified our statements of operations and balance sheets for all periods presented to reflect these businesses as discontinued operations. Because the cash flows of these discontinued operations were not material for any period presented, we have not segregated the cash flows of these businesses on our statements of cash flows. Unless noted otherwise, discussions in these notes pertain to our continuing operations.
Seasonality	Seasonality Our Consumer Tax, Professional Tax, and QuickBooks offerings have significant and distinct seasonal patterns. Sales of income tax preparation products and services are heavily concentrated in the period from November through April. Revenue from our QuickBooks offerings tends to be highest around calendar year end, during our second and third fiscal quarters. These seasonal patterns mean that our total net revenue is usually highest during our second quarter ending January 31 and third quarter ending April 30. We typically report losses in our first quarter ending October 31 and fourth quarter ending July 31, when our total net revenue is lower but core operating expenses such as research and development continue at relatively consistent levels.
Use of Estimates	Use of Estimates In preparing our consolidated financial statements in accordance with U.S. generally accepted accounting principles (GAAP), we make certain estimates and assumptions that affect the amounts reported in our financial statements and the disclosures made in the accompanying notes. For example, we use estimates in determining the appropriate levels of reserves for product returns and rebates, the collectibility of accounts receivable, the appropriate levels of various accruals including accruals for litigation contingencies, the amount of our worldwide tax provision, and the realizability of deferred tax assets. We also use estimates in determining the remaining economic lives and carrying values of acquired intangible assets, property and equipment, and other long-lived assets. In addition, we use assumptions to estimate the fair value of reporting units and share-based compensation. Despite our intention to establish accurate estimates and use reasonable assumptions, actual results may differ from our estimates.
Revenue Recognition	Revenue Recognition We derive revenue from the sale of software subscriptions, hosted services, packaged software products, financial supplies, technical support plans, transaction fees, merchant services hardware, and multiple element arrangements that may include a combination of these items. We recognize revenue when all four revenue recognition criteria have been met: persuasive evidence of an arrangement exists, we have delivered the product or performed the service, the fee is fixed or determinable, and collectibility is probable. Determining whether and when these criteria have been satisfied involves exercising judgment and using estimates and assumptions that can have a significant impact on the timing and amount of revenue that we recognize. In some situations, we receive advance payments from our customers. We defer revenue associated with these advance payments and the relative fair value of undelivered elements under multiple element arrangements until we ship the products or perform the services. We account for cash consideration (such as sales incentives) that we give to our customers or resellers as a reduction of revenue rather than as an operating expense unless we receive a benefit that we can identify and for which we can reasonably estimate the fair value. Product Revenue Prior to fiscal 2015, we recognized revenue from the sale of our packaged software products when legal title transferred. This generally occurred when our customers electronically downloaded products from the Internet, when we shipped the products or, in the case of certain agreements, when products were delivered to retailers. In the first quarter of fiscal 2015 we began delivering ongoing enhancements and certain connected services for QuickBooks and Professional Tax desktop solutions that we sold from that time forward. As a result, we recognize revenue for these QuickBooks desktop solutions over the period that the enhancements and connected services are provided, which is approximately three years. We recognize revenue for these Professional Tax desktop solutions as services are provided over the calendar year, once tax forms are available from taxing agencies and the agencies are able to receive electronic tax return submissions. We recognize revenue from the sale of our financial supplies such as printed check stock and merchant services hardware such as retail point-of-sale equipment and credit card readers for mobile phones when legal title transfers. This is generally when we ship the products. We record product revenue net of our sales tax obligations. We sell some of our QuickBooks and TurboTax desktop software products on consignment to certain retailers. We begin recognizing revenue for these consignment transactions only when the end-user sale has occurred. For software products that are sold on a subscription basis and include periodic updates, we recognize revenue ratably over the period that we provide services to the customer. We reduce product revenue from distributors and retailers for estimated returns that are based on historical returns experience and other factors, such as the volume and price mix of products in the retail channel, return rates for prior releases of the product, trends in retailer inventory, and economic trends that might impact customer demand for our products (including the competitive environment and the timing of new releases of our product). We also reduce product revenue for the estimated redemption of rebates on certain current product sales. Our estimated reserves for distributor and retailer sales incentive rebates are based on distributors’ and retailers’ actual performance against the terms and conditions of rebate programs. Our reserves for end user rebates are estimated based on the terms and conditions of the specific promotional rebate program, actual sales during the promotion, and historical redemption trends by product and by type of promotional program. Service and Other Revenue Our service revenue consists primarily of hosted services such as QuickBooks Online, QuickBooks desktop software term licenses, TurboTax Online, payroll services, electronic merchant payment processing services, and electronic tax filing and advice services. Our service revenue also includes QuickBooks technical support plans in our Small Business segment. We recognize revenue from hosted services as the services are performed, provided we have no other remaining obligations to these customers. We generally require customers to remit payroll tax funds to us in advance of the payroll date via electronic funds transfer. We include in total net revenue the interest that we earn on these funds between the time that we collect them from customers and the time that we remit them to outside parties. Service revenue for electronic payment processing services that we provide to merchants is recorded net of interchange fees charged by credit card associations. We offer several QuickBooks technical support plans and recognize support revenue over the life of the plans. Other revenue consists primarily of revenue from revenue-sharing and royalty arrangements with third-party partners. We typically recognize this revenue as earned based upon reporting provided to us by our partners. Multiple Element Arrangements We enter into multiple element revenue arrangements in which a customer may purchase a combination of software, upgrades, hosted services, technical support, and hardware. Multiple Element Arrangements That Contain Software and Software-Related Elements For multiple element arrangements that contain only software and software-related elements, such as QuickBooks desktop software and paid technical support plans, we allocate and defer revenue for the undelivered elements based on their vendor-specific objective evidence of fair value (VSOE). VSOE is the price charged when that element is sold separately. In situations where VSOE exists for all elements (delivered and undelivered), we allocate the total revenue to be earned under the arrangement among the various elements, based on their relative fair value. For arrangements where VSOE exists only for the undelivered elements, we defer the full fair value of the undelivered elements and recognize the difference between the total arrangement fee and the amount deferred for the undelivered items as revenue. If VSOE does not exist for an undelivered service element, we recognize the revenue from the entire arrangement as the services are delivered. If VSOE does not exist for undelivered elements that are specified products or features, we defer revenue until the earlier of the delivery of all elements or the point at which we determine VSOE for these undelivered elements. We recognize revenue related to the delivered products or services only if: (1) the above revenue recognition criteria are met; (2) any undelivered products or services are not essential to the functionality of the delivered products and services; (3) payment for the delivered products or services is not contingent upon delivery of the remaining products or services; and (4) we have an enforceable claim to receive the amount due in the event that we do not deliver the undelivered products or services. Multiple Element Arrangements That Contain Non-Software Elements For multiple element arrangements that contain non-software elements such as hosted services or credit card readers for mobile phones, we: (1) determine whether and when each element has been delivered; (2) determine the fair value of each element using the selling price hierarchy of vendor-specific evidence (VSOE) of fair value if available, third-party evidence (TPE) if VSOE is not available, and estimated selling price (ESP) if neither VSOE nor TPE is available; and (3) allocate the total price among the various elements using the relative selling price method. Once we have allocated the total price among the various elements, we recognize revenue when the revenue recognition criteria described above are met for each element. VSOE generally exists when we sell the deliverable separately and we are normally able to establish VSOE for all deliverables in these multiple element arrangements; however, in certain limited instances VSOE cannot be established. This may be because we do not sell the element separately, do not price products or services within a narrow range, or have a limited sales history. When VSOE cannot be established, we attempt to establish selling price for each element based on TPE. TPE is determined based on competitor prices for similar deliverables when sold separately. When we are unable to establish selling price using VSOE or TPE, we use ESP in our allocation of arrangement consideration. ESP is the estimated price at which we would sell a product or service if it were sold on a stand-alone basis. We determine ESP for a product or service by considering multiple factors including, but not limited to, pricing practices, market conditions, competitive landscape, type of customer, geographies, stage of product lifecycle, internal costs, and gross margin objectives. Significant pricing practices that we take into consideration include historic contractually stated prices, volume discounts where applicable, and our price lists. The determination of ESP is made through consultation with and formal approval by management, taking into consideration our overall go-to-market strategy.
Shipping and Handling	Shipping and Handling We record the amounts we charge our customers for the shipping and handling of our software products as product revenue and we record the related costs as cost of product revenue in our statements of operations.
Customer Service and Technical Report	Customer Service and Technical Support We include the costs of providing customer service under paid technical support contracts and as included in certain software subscriptions on the cost of service and other revenue line in our statements of operations. We also include the costs of customer service and technical support associated with our online or hosted offerings in cost of service and other revenue. We include the costs of customer service and free technical support related to desktop offerings in selling and marketing expense in our statements of operations. Customer service and technical support costs include costs associated with performing order processing, answering customer inquiries by telephone and through websites, e-mail and other electronic means, and providing free technical support assistance to customers. We expense the cost of providing this free support as incurred.
Software Development Costs	Software Development Costs We expense software development costs as we incur them until technological feasibility has been established, at which time those costs are capitalized until the product is available for general release to customers. To date, our software has been available for general release concurrent with the establishment of technological feasibility and, accordingly, we have not capitalized any development costs. Costs we incur to enhance our existing products or after the general release of the service using the product are expensed in the period they are incurred and included in research and development expense in our statements of operations.
Internal Use Software	Internal Use Software We capitalize costs related to development of hosted services that we provide to our customers and internal use of enterprise-level business and finance software in support of our operational needs. Costs incurred in the application development phase are capitalized and amortized on a straight-line basis over their useful lives, which are generally three to five years. Costs related to planning and other preliminary project activities and to post-implementation activities are expensed as incurred. We test these assets for impairment whenever events or changes in circumstances occur that could impact their recoverability.
Advertising	Advertising We expense all advertising costs as we incur them to selling and marketing expense in our statements of operations.
Leases	Leases We review all leases for capital or operating classification at their inception. We use our incremental borrowing rate in the assessment of lease classification and define the initial lease term to include the construction build-out period but to exclude lease extension periods. We conduct our operations primarily under operating leases. For leases that contain rent escalations, we record the total rent payable during the lease term, as defined above, on a straight-line basis over the term of the lease. We record the difference between the rent paid and the straight-line rent in a deferred rent account in other current liabilities or other long-term obligations, as appropriate, on our balance sheets. We record landlord allowances as deferred rent liabilities in other current liabilities or other long-term obligations, as appropriate, on our balance sheets. We record landlord cash incentives as operating activity on our statements of cash flows. We record other landlord allowances as non-cash investing and financing activities on our statements of cash flows. We classify the amortization of landlord allowances as a reduction of occupancy expense in our statements of operations.
Capitalization of Interest Expense	Capitalization of Interest Expense We capitalize interest on capital projects, including facilities build-out projects and internal use computer software projects. Capitalization commences with the first expenditure for the project and continues until the project is substantially complete and ready for its intended use. We amortize capitalized interest to depreciation expense using the straight-line method over the same lives as the related assets. Capitalized interest was not significant for any period presented.
Foreign Currency	Foreign Currency The functional currencies of our international operating subsidiaries are generally the local currencies. We translate the assets and liabilities of our foreign subsidiaries at the exchange rates in effect on the balance sheet date. We translate their revenue, costs and expenses at the average rates of exchange in effect during the period. We include translation gains and losses in the stockholders’ equity section of our balance sheets. We include net gains and losses resulting from foreign exchange transactions in interest and other income in our statements of operations. Translation gains and losses and transaction gains and losses were not significant for any period presented.
Income Taxes	Income Taxes We estimate our income taxes based on the various jurisdictions where we conduct business. Significant judgment is required in determining our worldwide income tax provision. We estimate our current tax liability and assess temporary differences that result from differing treatments of certain items for tax and accounting purposes. These differences result in deferred tax assets and liabilities, which we show on our balance sheet. We must then assess the likelihood that our deferred tax assets will be realized. To the extent we believe that realization is not likely, we establish a valuation allowance. When we establish a valuation allowance or increase this allowance in an accounting period, we record a corresponding income tax expense in our statement of operations. We review the need for a valuation allowance to reflect uncertainties about whether we will be able to utilize some of our deferred tax assets before they expire. The valuation allowance analysis is based on our estimates of taxable income for the jurisdictions in which we operate and the periods over which our deferred tax assets will be realizable. While we have considered future taxable income in assessing the need for a valuation allowance for the periods presented, we could be required to record a valuation allowance to take into account additional deferred tax assets that we may be unable to realize. An increase in the valuation allowance would have an adverse impact, which could be material, on our income tax provision and net income in the period in which we record the increase. We recognize and measure benefits for uncertain tax positions using a two-step approach. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that the tax position will be sustained upon audit, including resolution of any related appeals or litigation processes. For tax positions that are more likely than not of being sustained upon audit, the second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. Significant judgment is required to evaluate uncertain tax positions. We evaluate our uncertain tax positions on a quarterly basis. Our evaluations are based upon a number of factors, including changes in facts or circumstances, changes in tax law, correspondence with tax authorities during the course of audits and effective settlement of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in our income tax expense in the period in which we make the change, which could have a material impact on our effective tax rate and operating results. A description of our accounting policies associated with tax-related contingencies and valuation allowances assumed as part of a business combination is provided under “Business Combinations” below.
Computation of Net Income (Loss) Per Share	Computation of Net Income (Loss) Per Share We compute basic net income or loss per share using the weighted average number of common shares outstanding during the period. We compute diluted net income per share using the weighted average number of common shares and dilutive potential common shares outstanding during the period. Dilutive potential common shares consist of the shares issuable upon the exercise of stock options and upon the vesting of restricted stock units (RSUs) under the treasury stock method. We include stock options with combined exercise prices, unrecognized compensation expense and tax benefits that are less than the average market price for our common stock, and RSUs with combined unrecognized compensation expense and tax benefits that are less than the average market price for our common stock, in the calculation of diluted net income per share. We exclude stock options with combined exercise prices, unrecognized compensation expense and tax benefits that are greater than the average market price for our common stock, and RSUs with combined unrecognized compensation expense and tax benefits that are greater than the average market price for our common stock, from the calculation of diluted net income per share because their effect is anti-dilutive. Under the treasury stock method, the amount that must be paid to exercise stock options, the amount of compensation expense for future service that we have not yet recognized for stock options and RSUs, and the amount of tax benefits that will be recorded in additional paid-in capital when the awards become deductible are assumed to be used to repurchase shares. All of the RSUs we grant have dividend rights. Dividend rights are accumulated and paid when the underlying RSUs vest. Since the dividend rights are subject to the same vesting requirements as the underlying equity awards they are considered a contingent transfer of value. Consequently, the RSUs are not considered participating securities and we do not present them separately in earnings per share.
Cash Equivalents And Investments	Cash Equivalents and Investments We consider highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. Cash equivalents consist primarily of AAA-rated money market funds in all periods presented. Investments consist of available-for-sale investment-grade debt securities that we carry at fair value. Except for direct obligations of the United States government, securities issued by agencies of the United States government, and money market funds, we diversify our investments by limiting our holdings with any individual issuer. We use the specific identification method to compute gains and losses on investments. We record unrealized gains and losses on investments, net of tax, in accumulated other comprehensive income in the stockholders’ equity section of our balance sheets and reflect unrealized gain and loss activity in other comprehensive income on our statement of comprehensive income. We generally classify available-for-sale debt securities as current assets based upon our ability and intent to use any and all of these securities as necessary to satisfy the significant short-term liquidity requirements that may arise from the highly seasonal nature of our businesses. Because of our significant business seasonality, stock repurchase programs, and acquisition opportunities, cash flow requirements may fluctuate dramatically from quarter to quarter and require us to use a significant amount of the investments we hold as available-for-sale securities.
Accounts Receivable and Allowances for Doubtful Accounts	Accounts Receivable and Allowances for Doubtful Accounts Accounts receivable are recorded at the invoiced amount and are not interest bearing. We maintain an allowance for doubtful accounts to reserve for potentially uncollectible receivables. We review our accounts receivable by aging category to identify significant customers or invoices with known disputes or collectibility issues. For those invoices not specifically identified as uncollectible, we provide an allowance based on the age of the receivable. In determining the amount of the allowance, we make judgments about the creditworthiness of significant customers based on ongoing credit evaluations. We also consider our historical level of credit losses and current economic trends that might impact the level of future credit losses. When we determine that amounts are uncollectible we write them off against the allowance.
Funds Held for Customers and Customer Fund Deposits	Funds Held for Customers and Customer Fund Deposits Funds held for customers represent cash held on behalf of our customers that is invested in cash and cash equivalents and investment grade available-for-sale debt securities. Customer fund deposits consist of amounts we owe on behalf of our customers, such as direct deposit payroll funds and payroll taxes.
Property and Equipment	Property and Equipment Property and equipment is stated at the lower of cost or realizable value, net of accumulated depreciation. We calculate depreciation using the straight-line method over the estimated useful lives of the assets, which range from two to 30 years. We amortize leasehold improvements using the straight-line method over the lesser of their estimated useful lives or remaining lease terms. We include the amortization of assets that are recorded under capital leases in depreciation expense.
Business Combinations	Business Combinations The acquisition method of accounting for business combinations requires us to use significant estimates and assumptions, including fair value estimates, as of the business combination date and to refine those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which we may adjust the provisional amounts recognized for a business combination). Under the acquisition method of accounting we recognize separately from goodwill the identifiable assets acquired, the liabilities assumed, and any noncontrolling interests in an acquiree, generally at the acquisition date fair value. We measure goodwill as of the acquisition date as the excess of consideration transferred, which we also measure at fair value, over the net of the acquisition date amounts of the identifiable assets acquired and liabilities assumed. Costs that we incur to complete the business combination such as investment banking, legal and other professional fees are not considered part of consideration and we charge them to general and administrative expense as they are incurred. Under the acquisition method we also account for acquired company restructuring activities that we initiate separately from the business combination. Should the initial accounting for a business combination be incomplete by the end of a reporting period that falls within the measurement period, we report provisional amounts in our financial statements. During the measurement period, we adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date and we record those adjustments to our financial statements. We apply those measurement period adjustments that we determine to be significant retrospectively to comparative information in our financial statements, including adjustments to depreciation and amortization expense. Under the acquisition method of accounting for business combinations, if we identify changes to acquired deferred tax asset valuation allowances or liabilities related to uncertain tax positions during the measurement period and they relate to new information obtained about facts and circumstances that existed as of the acquisition date, those changes are considered a measurement period adjustment and we record the offset to goodwill. We record all other changes to deferred tax asset valuation allowances and liabilities related to uncertain tax positions in current period income tax expense. This accounting applies to all of our acquisitions regardless of acquisition date.
Goodwill, Acquired Intangible Assets and Other Long-Lived Assets	Goodwill, Acquired Intangible Assets and Other Long-Lived Assets Goodwill We record goodwill when the fair value of consideration transferred in a business combination exceeds the fair value of the identifiable assets acquired and liabilities assumed. Goodwill and other intangible assets that have indefinite useful lives are not amortized, but we test them for impairment annually during our fourth fiscal quarter and whenever an event or change in circumstances indicates that the carrying value of the asset may not be recoverable. For goodwill, we perform a two-step impairment test. In the first step, we compare the fair value of each reporting unit to its carrying value. In accordance with authoritative guidance, we define fair value as the price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We consider and use all valuation methods that are appropriate in estimating the fair value of our reporting units and generally use a weighted combination of income and market approaches. Under the income approach, we estimate the fair value of each reporting unit based on the present value of future cash flows. We use a number of assumptions in our discounted cash flow model, including market factors specific to the business, the amount and timing of estimated future cash flows to be generated by the business over an extended period of time, long-term growth rates for the business, and a rate of return that considers the relative risk of achieving the cash flows and the time value of money. Under the market approach, we estimate the fair value of each reporting unit based on market multiples of revenue, operating income, and earnings for comparable publicly traded companies engaged in similar businesses. If the estimated fair value of the reporting unit exceeds the carrying value of the net assets assigned to that unit, goodwill is not impaired and no further analysis is required. If the carrying value of the net assets assigned to a reporting unit exceeds the estimated fair value of the unit, we perform the second step of the impairment test. In this step we allocate the fair value of the reporting unit calculated in step one to all of the assets and liabilities of that unit, as if we had just acquired the reporting unit in a business combination. The excess of the fair value of the reporting unit over the total amount allocated to the assets and liabilities represents the implied fair value of goodwill. If the carrying value of a reporting unit’s goodwill exceeds its implied fair value, we would record an impairment loss equal to the difference. See Note 2, “Fair Value Measurements – Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis,” for a discussion of the goodwill impairment charges that we recorded for the twelve months ended July 31, 2015 and July 31, 2013. Acquired Intangible Assets and Other Long-Lived Assets We generally record acquired intangible assets that have finite useful lives, such as acquired technology, in connection with business combinations. We amortize the cost of acquired intangible assets on a straight-line basis over their estimated useful lives, which range from two to nine years. We review intangible assets that have finite useful lives and other long-lived assets whenever an event or change in circumstances indicates that the carrying value of the asset may not be recoverable. We estimate the recoverability of these assets by comparing the carrying amount of the asset to the future undiscounted cash flows that we expect the asset to generate. We estimate the fair value of assets that have finite useful lives based on the present value of future cash flows for those assets. If the carrying value of an asset with a finite life exceeds its estimated fair value, we would record an impairment loss equal to the difference. See Note 2, “Fair Value Measurements – Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis,” for a discussion of the acquired intangible asset impairment charges that we recorded for the twelve months ended July 31, 2015 and July 31, 2013.
Share Based Compensation Plans	Share-Based Compensation Plans We estimate the fair value of stock options granted using a lattice binomial model and a multiple option award approach. We use historical data to estimate pre-vesting option forfeitures and record share-based compensation expense only for those awards that are expected to vest. We amortize the fair value of stock options on a straight-line basis over the requisite service periods of the awards, which are generally the vesting periods. Restricted stock units (RSUs) granted typically vest based on continued service. We value these time-based RSUs at the date of grant using the intrinsic value method, adjusted for estimated forfeitures. We amortize the fair value of time-based RSUs on a straight-line basis adjusted for estimated forfeitures over the service period. Certain RSUs granted to senior management vest based on the achievement of pre-established performance or market goals. We estimate the fair value of performance-based RSUs at the date of grant using the intrinsic value method and the probability that the specified performance criteria would be met, adjusted for estimated forfeitures. Each quarter we update our assessment of the probability that the specified performance criteria will be achieved and adjust our estimate of the fair value of the performance-based RSUs if necessary. We amortize the fair values of performance-based RSUs over the requisite service period adjusted for estimated forfeitures for each separately vesting tranche of the award. We estimate the fair value of market-based RSUs at the date of grant using a Monte Carlo valuation methodology and amortize those fair values over the requisite service period adjusted for estimated forfeitures for each separately vesting tranche of the award. The Monte Carlo methodology that we use to estimate the fair value of market-based RSUs at the date of grant incorporates into the valuation the possibility that the market condition may not be satisfied. Provided that the requisite service is rendered, the total fair value of the market-based RSUs at the date of grant must be recognized as compensation expense even if the market condition is not achieved. However, the number of shares that ultimately vest can vary significantly with the performance of the specified market criteria. All of the RSUs we grant have dividend rights that are subject to the same vesting requirements as the underlying equity awards, so we do not adjust the intrinsic (market) value of our RSUs for dividends. See Note 11, “Stockholders’ Equity,” for a description of our share-based compensation plans and more information on the assumptions we use to calculate the fair value of share-based compensation.
Concentration of Credit Risk and Significant Customers and Suppliers	Concentration of Credit Risk and Significant Customers and Suppliers We operate in markets that are highly competitive and rapidly changing. Significant technological changes, shifting customer needs, the emergence of competitive products or services with new capabilities and other factors could negatively impact our operating results. We are also subject to risks related to changes in the value of our significant balance of investments. Our portfolio of investments consists of investment-grade securities. Except for direct obligations of the United States government, securities issued by agencies of the United States government and money market funds, we diversify our investments by limiting our holdings with any individual issuer. We sell a significant portion of our products through third-party retailers and distributors. As a result, we face risks related to the collectibility of our accounts receivable. To appropriately manage this risk, we perform ongoing evaluations of customer credit and limit the amount of credit extended as we deem appropriate, but generally do not require collateral. We maintain reserves for estimated credit losses and these losses have historically been within our expectations. However, since we cannot predict future changes in the financial stability of our customers, we cannot guarantee that our reserves will continue to be adequate. No customer accounted for 10% or more of total net revenue for the twelve months ended July 31, 2015 , 2014 or 2013 , nor did any customer account for 10% or more of total accounts receivable at July 31, 2015 or July 31, 2014 . We rely primarily on one third-party vendor to perform the manufacturing and distribution functions for our retail desktop software products. We also have a key single-source vendor that prints and fulfills orders for most of our financial supplies business. While we believe that relying on key vendors improves the efficiency and reliability of our business operations, relying on any one vendor for a significant aspect of our business can have a significant negative impact on our revenue and profitability if that vendor fails to perform at acceptable service levels for any reason, including financial difficulties of the vendor.
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2014-08, “ Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” In April 2014 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” This update raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures for discontinued operations and disposals that do not meet the definition of a discontinued operation. ASU 2014-08 is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2014, which means that it will be effective for us in the first quarter of our fiscal year beginning August 1, 2015. ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” In May 2014 the FASB issued ASU No. 2014-09, “ Revenue from Contracts with Customers (Topic 606),” and in August 2015 the FASB issued ASU 2015-14, “ Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date,” which defers the effective date of ASU 2014-09 by one year. ASU 2014-09 supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, it is possible that more judgment and estimates may be required within the revenue recognition process than is required under present U.S. GAAP. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price, and allocating the transaction price to each separate performance obligation. The new standard also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. ASU 2014-09 is effective for reporting periods beginning after December 15, 2017, which means that it will be effective for us in the first quarter of our fiscal year beginning August 1, 2018. Early adoption of one year prior to the required effective date is permitted. ASU 2014-09 allows adoption using either of two methods: (i) retrospective to each prior reporting period presented, with the option to elect certain practical expedients; or (ii) retrospective with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application and providing certain additional disclosures. We are currently evaluating the impact of our pending adoption of ASU 2014-09 on our consolidated financial statements.

Description of Business and S26

Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Composition of shares used in the computation of basic and diluted net income per share	The following table presents the composition of shares used in the computation of basic and diluted net income per share for the periods indicated. Twelve Months Ended July 31, (In millions, except per share amounts) 2015 2014 2013 Numerator: Net income from continuing operations $ 413 $ 853 $ 807 Net income (loss) from discontinued operations (48 ) 54 51 Net income $ 365 $ 907 $ 858 Denominator: Shares used in basic per share amounts: Weighted average common shares outstanding 281 285 297 Shares used in diluted per share amounts: Weighted average common shares outstanding 281 285 297 Dilutive common equivalent shares from stock options and restricted stock awards 5 6 6 Dilutive weighted average common shares outstanding 286 291 303 Basic and diluted net income per share: Basic net income per share from continuing operations $ 1.47 $ 2.99 $ 2.72 Basic net income (loss) per share from discontinued operations (0.17 ) 0.19 0.17 Basic net income per share $ 1.30 $ 3.18 $ 2.89 Diluted net income per share from continuing operations $ 1.45 $ 2.94 $ 2.66 Diluted net income (loss) per share from discontinued operations (0.17 ) 0.18 0.17 Diluted net income per share $ 1.28 $ 3.12 $ 2.83 Weighted average stock options and restricted stock units excluded from calculation due to anti-dilutive effect 2 — 3

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Financial assets and liabilities measured at fair value on recurring basis	The following table summarizes financial assets and financial liabilities that we measured at fair value on a recurring basis at the dates indicated, classified in accordance with the fair value hierarchy described above. At July 31, 2015 At July 31, 2014 (In millions) Level 1 Level 2 Level 3 Total Fair Value Level 1 Level 2 Level 3 Total Fair Value Assets: Cash equivalents, primarily money market funds $ 695 $ — $ — $ 695 $ 652 $ — $ — $ 652 Available-for-sale debt securities: Municipal bonds — 506 — 506 — 701 — 701 Municipal auction rate securities — — 15 15 — — 21 21 Corporate notes — 546 — 546 — 466 — 466 U.S. agency securities — 12 — 12 — 42 — 42 Total available-for-sale securities — 1,064 15 1,079 — 1,209 21 1,230 Total assets measured at fair value on a recurring basis $ 695 $ 1,064 $ 15 $ 1,774 $ 652 $ 1,209 $ 21 $ 1,882 Liabilities: Senior notes (1) $ — $ 531 $ — $ 531 $ — $ 556 $ — $ 556 ______________________ (1) Carrying value on our balance sheets at July 31, 2015 was $500 million and at July 31, 2014 was $499 million. See Note 9.
Cash equivalents and available-for-sale debt and equity securities by balance sheet classification and level in the fair value hierarchy	The following table summarizes our cash equivalents and available-for-sale debt securities by balance sheet classification and level in the fair value hierarchy at the dates shown: At July 31, 2015 At July 31, 2014 (In millions) Level 1 Level 2 Level 3 Total Fair Value Level 1 Level 2 Level 3 Total Fair Value Cash equivalents: In cash and cash equivalents $ 533 $ — $ — $ 533 $ 507 $ — $ — $ 507 In funds held for customers 162 — — 162 145 — — 145 Total cash and cash equivalents $ 695 $ — $ — $ 695 $ 652 $ — $ — $ 652 Available-for-sale securities: In investments $ — $ 889 $ — $ 889 $ — $ 1,065 $ — $ 1,065 In funds held for customers — 175 — 175 — 144 — 144 In long-term investments — — 15 15 — — 21 21 Total available-for-sale securities $ — $ 1,064 $ 15 $ 1,079 $ — $ 1,209 $ 21 $ 1,230

Cash and Cash Equivalents, In28

Cash and Cash Equivalents, Investments and Funds Held for Customers (Tables)	12 Months Ended
	Jul. 31, 2015
Cash and Cash Equivalents, Investments and Funds Held for Customers [Abstract]
Cash and cash equivalents, investments and funds held for customers by balance sheet classification	The following table summarizes our cash and cash equivalents, investments and funds held for customers by balance sheet classification at the dates indicated. July 31, 2015 July 31, 2014 (In millions) Amortized Cost Fair Value Amortized Cost Fair Value Classification on balance sheets: Cash and cash equivalents $ 808 $ 808 $ 849 $ 849 Investments 890 889 1,064 1,065 Funds held for customers 337 337 289 289 Long-term investments 27 27 31 31 Total cash and cash equivalents, investments and funds held for customers $ 2,062 $ 2,061 $ 2,233 $ 2,234
Cash and cash equivalents, investments and funds held for customers by investment category	The following table summarizes our cash and cash equivalents, investments and funds held for customers by investment category at the dates indicated. See Note 2 for more information on our municipal auction rate securities. July 31, 2015 July 31, 2014 (In millions) Amortized Cost Fair Value Amortized Cost Fair Value Type of issue: Total cash and cash equivalents $ 970 $ 970 $ 994 $ 994 Available-for-sale debt securities: Municipal bonds 507 506 700 701 Municipal auction rate securities 15 15 21 21 Corporate notes 546 546 466 466 U.S. agency securities 12 12 42 42 Total available-for-sale debt securities 1,080 1,079 1,229 1,230 Other long-term investments 12 12 10 10 Total cash and cash equivalents, investments and funds held for customers $ 2,062 $ 2,061 $ 2,233 $ 2,234
Available-for-sale debt securities classified by the stated maturity date of the security	The following table summarizes our available-for-sale debt securities classified by the stated maturity date of the security at the dates indicated. July 31, 2015 July 31, 2014 (In millions) Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ 434 $ 435 $ 363 $ 363 Due within two years 443 442 443 443 Due within three years 156 156 303 303 Due after three years 47 46 120 121 Total available-for-sale debt securities $ 1,080 $ 1,079 $ 1,229 $ 1,230

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Jul. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property and equipment consisted of the following at the dates indicated: Life in July 31, (Dollars in millions) Years 2015 2014 Equipment 3-5 $ 447 $ 398 Computer software 3-6 552 507 Furniture and fixtures 5 71 68 Leasehold improvements 2-16 286 273 Land NA 7 6 Buildings 5-30 192 192 Capital in progress NA 188 127 1,743 1,571 Less accumulated depreciation and amortization (1,061 ) (982 ) Total property and equipment, net $ 682 $ 589 __________________________ NA = Not Applicable

Goodwill and Acquired Intangi30

Goodwill and Acquired Intangible Assets (Tables)	12 Months Ended
	Jul. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying value of goodwill by reportable segment during the twelve months ended July 31, 2015 and July 31, 2014 were as shown in the following table. Our reportable segments are described in Note 14, “Segment Information.” (In millions) Balance July 31, 2013 Goodwill Acquired/ Adjusted Balance July 31, 2014 Goodwill Acquired/ Adjusted Goodwill Impairment Charges Balance July 31, 2015 Small Business $ 988 $ 225 $ 1,213 $ 58 (114 ) $ 1,157 Consumer Tax 19 (2 ) 17 1 — 18 Professional Tax 93 — 93 (2 ) — 91 Totals $ 1,100 $ 223 $ 1,323 $ 57 $ (114 ) $ 1,266
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	The following table shows the cost, accumulated amortization and weighted average life in years for our acquired intangible assets at the dates indicated. (Dollars in millions) Customer Lists Purchased Technology Trade Names and Logos Covenants Not to Compete or Sue Total At July 31, 2015: Cost $ 243 $ 371 $ 24 $ 32 $ 670 Accumulated amortization (239 ) (294 ) (23 ) (27 ) (583 ) Acquired intangible assets, net $ 4 $ 77 $ 1 $ 5 $ 87 Weighted average life in years 5 5 4 9 5 At July 31, 2014: Cost $ 244 $ 336 $ 23 $ 32 $ 635 Accumulated amortization (231 ) (227 ) (19 ) (25 ) (502 ) Acquired intangible assets, net $ 13 $ 109 $ 4 $ 7 $ 133 Weighted average life in years 7 5 8 8 6
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table shows the expected future amortization expense for our acquired intangible assets at July 31, 2015 . Amortization of purchased technology is charged to cost of service and other revenue and to amortization of acquired technology in our statements of operations. Amortization of other acquired intangible assets such as customer lists is charged to amortization of other acquired intangible assets in our statements of operations. If impairment events occur, they could accelerate the timing of acquired intangible asset charges. (In millions) Expected Future Amortization Expense Twelve months ending July 31, 2016 $ 37 2017 24 2018 16 2019 7 2020 3 Thereafter — Total expected future amortization expense $ 87

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Jul. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	Net revenue from discontinued operations, income or loss from discontinued operations before income taxes, and the components of net income (loss) from discontinued operations were as follows for the periods indicated: Twelve Months Ended July 31, (In millions) 2015 2014 2013 Net revenue from discontinued operations: Intuit Financial Services $ — $ — $ 325 Intuit Health — 1 16 Intuit Websites — — 10 Demandforce 115 107 80 QuickBase 70 57 47 Quicken 51 98 99 Total net revenue from discontinued operations $ 236 $ 263 $ 577 Income (loss) from discontinued operations before income taxes: Intuit Financial Services $ — $ — $ 52 Intuit Health — (1 ) (71 ) Demandforce (63 ) (51 ) (41 ) QuickBase 11 7 10 Quicken (136 ) 57 58 Total income (loss) from discontinued operations before income taxes $ (188 ) $ 12 $ 8 Net income (loss) from discontinued operations: Net income from Intuit Financial Services operations $ — $ — $ 34 Net gain on disposal of Intuit Financial Services discontinued operations — 36 8 Net loss from Intuit Health operations — — (57 ) Net gain on disposal of Intuit Health discontinued operations — 10 18 Net gain on disposal of Intuit Websites discontinued operations — — 32 Net loss from Demandforce operations (39 ) (30 ) (27 ) Net income from QuickBase operations 7 4 6 Net income (loss) from Quicken operations (140 ) 34 37 Tax benefit from discontinued operations 124 — — Total net income (loss) from discontinued operations $ (48 ) $ 54 $ 51 The carrying amounts of the major classes of assets and liabilities of Demandforce, QuickBase, and Quicken at July 31, 2015 and July 31, 2014 were as shown in the following table. July 31, (In millions) 2015 2014 Accounts receivable $ 19 $ 19 Deferred income taxes 5 9 Prepaid and other current assets 2 1 Property and equipment, net 25 17 Goodwill 165 312 Purchased intangible assets, net 43 66 Other assets 2 1 Total assets 261 425 Accounts payable 7 16 Accrued compensation 21 16 Deferred revenue 48 31 Other current liabilities 17 17 Long-term deferred revenue 39 7 Long-term obligations 29 27 Total liabilities 161 114 Net assets $ 100 $ 311

Current Liabilities (Tables)

Current Liabilities (Tables)	12 Months Ended
	Jul. 31, 2015
Other Liabilities Disclosure [Abstract]
Other current liabilities	Other current liabilities were as follows at the dates indicated: July 31, (In millions) 2015 2014 Reserve for product returns $ 12 $ 15 Reserve for rebates 12 21 Current portion of license fee payable 10 10 Current portion of deferred rent 8 6 Interest payable 10 10 Executive deferred compensation plan liabilities 63 62 Other 35 26 Total other current liabilities $ 150 $ 150

Long-Term Obligations and Com33

Long-Term Obligations and Commitments (Tables)	12 Months Ended
	Jul. 31, 2015
Long-Term Obligations and Commitments [Abstract]
Other long-term obligations	Other long-term obligations were as follows at the dates indicated: July 31, (In millions) 2015 2014 Total deferred rent $ 49 $ 52 Total license fee payable 34 41 Long-term income tax liabilities 45 32 Long-term deferred income tax liabilities 50 44 Other 13 14 Total long-term obligations 191 183 Less current portion (included in other current liabilities) (19 ) (17 ) Long-term obligations due after one year $ 172 $ 166
Operating leases of lessee and purchase obligations disclosure	Annual minimum commitments under operating leases and purchase obligations at July 31, 2015 were as shown in the table below. (In millions) Operating Lease Commitments Purchase Obligations Fiscal year ending July 31, 2016 $ 74 $ 26 2017 72 12 2018 58 55 2019 50 — 2020 47 — Thereafter 221 1 Total commitments $ 522 $ 94 Less minimum payments to be received from non-cancellable subleases (13 ) Net operating lease commitments $ 509

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Provision For Income Taxes From Continuing Operations	The provision for income taxes from continuing operations consisted of the following for the periods indicated: Twelve Months Ended July 31, (In millions) 2015 2014 2013 Current: Federal $ 253 $ 358 $ 328 State 20 21 30 Foreign 7 10 5 Total current 280 389 363 Deferred: Federal 14 51 4 State 1 5 1 Foreign 4 2 10 Total deferred 19 58 15 Total provision for income taxes from continuing operations $ 299 $ 447 $ 378
Sources of Income From Continuing Operations Before The Provision For Income Taxes	The sources of income from continuing operations before the provision for income taxes consisted of the following for the periods indicated: Twelve Months Ended July 31, (In millions) 2015 2014 2013 United States $ 716 $ 1,276 $ 1,140 Foreign (4 ) 24 45 Total $ 712 $ 1,300 $ 1,185
Differences Between Income Taxes Calculated Using The Federal Statutory Income Tax Rate And The Provision For Income Taxes From Continuing Operations	Differences between income taxes calculated using the federal statutory income tax rate of 35% and the provision for income taxes from continuing operations were as follows for the periods indicated: Twelve Months Ended July 31, (In millions) 2015 2014 2013 Income from continuing operations before income taxes $ 712 $ 1,300 $ 1,185 Statutory federal income tax $ 249 $ 455 $ 415 State income tax, net of federal benefit 15 17 17 Federal research and experimentation credits (19 ) (7 ) (23 ) Domestic production activities deduction (19 ) (25 ) (29 ) Share-based compensation 15 8 6 Effects of non-U.S. operations 12 1 (2 ) Non-deductible goodwill 40 — — Other, net 6 (2 ) (6 ) Total provision for income taxes from continuing operations $ 299 $ 447 $ 378
Components of deferred tax assets and liabilities	Significant deferred tax assets and liabilities were as follows at the dates indicated: July 31, (In millions) 2015 2014 Deferred tax assets: Accruals and reserves not currently deductible $ 36 $ 53 Deferred rent 10 8 Accrued and deferred compensation 52 48 Loss and tax credit carryforwards 44 41 Share-based compensation 52 50 Net basis difference in investments held for sale 122 — Other, net 6 1 Total deferred tax assets 322 201 Deferred tax liabilities: Intangible assets 87 97 Property and equipment 20 4 Total deferred tax liabilities 107 101 Total net deferred tax assets 215 100 Valuation allowance (30 ) (20 ) Total net deferred tax assets, net of valuation allowance $ 185 $ 80
Components of Net Deferred Tax Assets and Liabilities	The components of total net deferred tax assets, net of valuation allowances, as shown on our balance sheets were as follows at the dates indicated: July 31, (In millions) 2015 2014 Current deferred income taxes $ 231 $ 124 Long-term deferred income taxes included in other assets 4 — Long-term deferred income taxes included in other long-term obligations (50 ) (44 ) Total net deferred tax assets, net of valuation allowance $ 185 $ 80
Aggregate changes in the balance of gross unrecognized tax benefits	The aggregate changes in the balance of our gross unrecognized tax benefits were as follows for the periods indicated: Twelve Months Ended July 31, (In millions) 2015 2014 2013 Gross unrecognized tax benefits, beginning balance $ 40 $ 39 $ 38 Increases related to tax positions from prior fiscal years, including acquisitions 15 4 5 Decreases related to tax positions from prior fiscal years (1 ) (8 ) (12 ) Increases related to tax positions taken during current fiscal year 5 5 9 Settlements with tax authorities (3 ) — (1 ) Gross unrecognized tax benefits, ending balance $ 56 $ 40 $ 39

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Total share-based compensation expense	The following table summarizes the total share-based compensation expense that we recorded in operating income from continuing operations for the periods shown. Twelve Months Ended July 31, (In millions except per share amounts) 2015 2014 2013 Cost of service and other revenue $ 6 $ 7 $ 4 Selling and marketing 69 53 55 Research and development 80 59 50 General and administrative 87 67 57 Total share-based compensation expense from continuing operations 242 186 166 Income tax benefit (75 ) (60 ) (55 ) Decrease in net income from continuing operations $ 167 $ 126 $ 111 Decrease in net income per share from continuing operations: Basic $ 0.59 $ 0.44 $ 0.37 Diluted $ 0.58 $ 0.43 $ 0.37
Assumptions used to estimate the fair value of stock options granted and shares purchased under Employee Stock Purchase Plan	We used the following assumptions to estimate the fair value of stock options granted and shares purchased under our Employee Stock Purchase Plan for the periods indicated: Twelve Months Ended July 31, 2015 2014 2013 Assumptions for stock options: Expected volatility (range) 22% - 24% 22% - 24% 22% - 27% Weighted average expected volatility 23 % 23 % 23 % Risk-free interest rate (range) 1.13% - 1.47% 1.01% - 1.40% 0.49% - 1.05% Expected dividend yield 0.93% - 1.05% 0.92% - 1.06% 1.02% - 1.18% Assumptions for ESPP: Expected volatility (range) 20% - 23% 19% - 22% 20% - 24% Weighted average expected volatility 21 % 21 % 22 % Risk-free interest rate (range) 0.01% - 0.15% 0.02% - 0.08% 0.05% - 0.11% Expected dividend yield 0.96% - 1.19% 0.94% - 1.15% 1.04% - 1.17%
Share-based Awards Available for Grant	A summary of share-based awards available for grant under our 2005 Equity Incentive Plan for the fiscal periods indicated was as follows: (Shares in thousands) Shares Available for Grant Balance at July 31, 2012 21,760 Options granted (2,607 ) Restricted stock units granted (1) (9,310 ) Share-based awards canceled/forfeited/expired (1)(2) 2,277 Balance at July 31, 2013 12,120 Additional shares authorized 19,000 Options granted (2,206 ) Restricted stock units granted (1) (8,959 ) Share-based awards canceled/forfeited/expired (1)(2) 4,248 Balance at July 31, 2014 24,203 Options granted (1,981 ) Restricted stock units granted (1) (8,053 ) Share-based awards canceled/forfeited/expired (1)(2) 3,014 Balance at July 31, 2015 17,183 ________________________________ (1) RSUs granted from the pool of shares available for grant under our 2005 Equity Incentive Plan reduce the pool by 2.3 shares for each share granted. RSUs forfeited and returned to the pool of shares available for grant increase the pool by 2.3 shares for each share forfeited. (2) Stock options and restricted stock units canceled, expired or forfeited under our 2005 Equity Incentive Plan are returned to the pool of shares available for grant. Stock options and restricted stock units canceled, expired or forfeited under older expired plans are not returned to the pool of shares available for grant.
Activity under all share based compensation plans	A summary of activity under all share-based compensation plans for the fiscal periods indicated was as follows: Options Outstanding (Shares in thousands) Number of Shares Weighted Average Exercise Price Per Share Balance at July 31, 2012 18,061 $37.49 Granted 2,607 62.93 Exercised (5,826 ) 32.79 Canceled or expired (636 ) 44.60 Balance at July 31, 2013 14,206 43.77 Granted 2,206 82.15 Assumed in connection with acquisitions 261 5.16 Exercised (5,041 ) 37.74 Canceled or expired (694 ) 54.77 Balance at July 31, 2014 10,938 52.67 Granted 1,981 106.86 Exercised (3,704 ) 41.65 Canceled or expired (502 ) 62.32 Balance at July 31, 2015 8,713 $69.13
Options outstanding, exercisable and expected to vest, and exercisable	Information regarding stock options outstanding as of July 31, 2015 is summarized below: Number of Shares (in thousands) Weighted Average Remaining Contractual Life (in Years) Weighted Average Exercise Price per Share Aggregate Intrinsic Value (in millions) Options outstanding 8,713 5.50 $69.13 $332 Options vested and expected to vest 8,282 5.36 $67.86 $326 Options exercisable 4,389 3.50 $51.55 $244
Additional Information Regarding Stock Options Restricted Stock and Espp [Table Text Block]	Additional information regarding our stock options and ESPP shares is shown in the table below. Twelve Months Ended July 31, (In millions except per share amounts) 2015 2014 2013 Weighted average fair value of options granted (per share) $ 19.39 $ 21.34 $ 11.24 Total fair value of options vested $ 33 $ 20 $ 41 Aggregate intrinsic value of options exercised $ 191 $ 177 $ 166 Share-based compensation expense for stock options and ESPP $ 54 $ 43 $ 44 Total tax benefit for stock option and ESPP share-based compensation $ 12 $ 11 $ 13 Cash received from option exercises $ 154 $ 190 $ 191 Cash tax benefits realized related to tax deductions for non-qualified option exercises and disqualifying dispositions under all share-based payment arrangements $ 68 $ 63 $ 60
Summary of restricted stock unit activity	A summary of restricted stock unit (RSU) activity for the periods indicated was as follows: (Shares in thousands) Number of Shares Weighted Average Grant Date Fair Value Nonvested at July 31, 2012 9,607 $46.79 Granted 4,048 62.76 Vested (3,670 ) 43.00 Forfeited (801 ) 48.16 Nonvested at July 31, 2013 9,184 55.23 Granted 3,896 71.37 Assumed or granted in connection with acquisitions 782 71.00 Vested (2,820 ) 53.98 Forfeited (1,587 ) 61.76 Nonvested at July 31, 2014 9,455 62.46 Granted 3,501 100.18 Assumed or granted in connection with acquisitions 292 91.87 Vested (3,155 ) 67.00 Forfeited (1,177 ) 62.32 Nonvested at July 31, 2015 8,916 $76.64
Additional information regarding restricted stock units	Additional information regarding our RSUs is shown in the table below. Twelve Months Ended July 31, (In millions) 2015 2014 2013 Total fair value of RSUs vested $ 282 $ 204 $ 224 Share-based compensation for RSUs $ 188 $ 143 $ 122 Total tax benefit related to RSU share-based compensation expense $ 63 $ 49 $ 42 Cash tax benefits realized for tax deductions for RSUs $ 96 $ 134 $ 77
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table shows the components of accumulated other comprehensive loss, net of income taxes, in the stockholders’ equity section of our balance sheets at the dates indicated. July 31, (In millions) 2015 2014 Unrealized gains on available-for-sale debt securities $ — $ 1 Foreign currency translation adjustments (30 ) (3 ) Total accumulated other comprehensive loss $ (30 ) $ (2 )

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Financial results by reportable segment	The following table shows our financial results by reportable segment for the periods indicated. Results for all periods presented have been adjusted to exclude results for our Demandforce, QuickBase, and Quicken businesses, which we classified as discontinued operations in the fourth quarter of fiscal 2015. Demandforce and QuickBase were part of the Small Business segment, and Quicken was part of the Consumer Ecosystem product line in the former Consumer segment. The remaining components of the Consumer Ecosystem product line are included in the Small Business segment for all periods presented and the former Consumer segment is now called the Consumer Tax segment. Results for all periods presented also exclude results for our Intuit Financial Services and Intuit Health businesses, which we classified as discontinued operations in the fourth quarter of fiscal 2013, and our Intuit Websites business, which we classified as discontinued operations in the fourth quarter of fiscal 2012. See Note 7, “ Discontinued Operations,” for more information. Twelve Months Ended July 31, (In millions) 2015 2014 2013 Net revenue: Small Business segment $ 2,108 $ 2,158 $ 1,988 Consumer Tax segment 1,800 1,663 1,552 Professional Tax segment 284 422 406 Total net revenue $ 4,192 $ 4,243 $ 3,946 Operating income from continuing operations: Small Business segment 696 852 806 Consumer Tax segment 1,131 1,075 964 Professional Tax segment 108 268 260 Total segment operating income 1,935 2,195 2,030 Unallocated corporate items: Share-based compensation expense (242 ) (186 ) (166 ) Other common expenses (765 ) (684 ) (626 ) Amortization of acquired technology (30 ) (18 ) (13 ) Amortization of other acquired intangible assets (12 ) (7 ) (17 ) Goodwill and intangible asset impairment charges (148 ) — — Total unallocated corporate items (1,197 ) (895 ) (822 ) Total operating income from continuing operations $ 738 $ 1,300 $ 1,208

Selected Quarterly Financial 37

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Jul. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The following tables contain selected quarterly financial data for the twelve months ended July 31, 2015 and July 31, 2014 . We have classified our Demandforce, QuickBase, Quicken, Intuit Financial Services, Intuit Health, and Intuit Websites businesses as discontinued operations and as a result have segregated their operating results from continuing operations in our statements of operations and in these tables. See Note 7, “ Discontinued Operations,” for more information. Fiscal 2015 Quarter Ended (In millions, except per share amounts) October 31 January 31 April 30 July 31 Total net revenue $ 612 $ 749 $ 2,135 $ 696 Cost of revenue 159 188 202 176 All other costs and expenses 562 650 867 650 Operating income (loss) from continuing operations (109 ) (89 ) 1,066 (130 ) Net income (loss) from continuing operations (81 ) (60 ) 656 (102 ) Net income (loss) from discontinued operations (3 ) (6 ) (155 ) 116 Net income (loss) (84 ) (66 ) 501 14 Basic net income (loss) per share from continuing operations $ (0.28 ) $ (0.21 ) $ 2.37 $ (0.37 ) Basic net income (loss) per share from discontinued operations (0.01 ) (0.02 ) (0.56 ) 0.42 Basic net income (loss) per share $ (0.29 ) $ (0.23 ) $ 1.81 $ 0.05 Diluted net income (loss) per share from continuing operations $ (0.28 ) $ (0.21 ) $ 2.33 $ (0.37 ) Diluted net income (loss) per share from discontinued operations (0.01 ) (0.02 ) (0.55 ) 0.42 Diluted net income (loss) per share $ (0.29 ) $ (0.23 ) $ 1.78 $ 0.05 Fiscal 2014 Quarter Ended (In millions, except per share amounts) October 31 January 31 April 30 July 31 Total net revenue $ 565 $ 711 $ 2,318 $ 649 Cost of revenue 133 164 158 166 All other costs and expenses 509 602 673 538 Operating income (loss) from continuing operations (77 ) (55 ) 1,487 (55 ) Net income (loss) from continuing operations (57 ) (42 ) 980 (28 ) Net income (loss) from discontinued operations 46 5 4 (1 ) Net income (loss) (11 ) (37 ) 984 (29 ) Basic net income (loss) per share from continuing operations $ (0.20 ) $ (0.15 ) $ 3.45 $ (0.10 ) Basic net income (loss) per share from discontinued operations 0.16 0.02 0.02 — Basic net income (loss) per share $ (0.04 ) $ (0.13 ) $ 3.47 $ (0.10 ) Diluted net income (loss) per share from continuing operations $ (0.20 ) $ (0.15 ) $ 3.38 $ (0.10 ) Diluted net income (loss) per share from discontinued operations 0.16 0.02 0.01 — Diluted net income (loss) per share $ (0.04 ) $ (0.13 ) $ 3.39 $ (0.10 )

Description of Business and S38

Description of Business and Summary of Significant Accounting Policies (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2013	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Numerator:
Net income from continuing operations	$ (102)	$ 656	$ (60)	$ (81)	$ (28)	$ 980	$ (42)	$ (57)	$ 413	$ 853	$ 807
Net income (loss) from discontinued operations	116	(155)	(6)	(3)	(1)	4	5	46	(48)	54	51
Net income	$ 14	$ 501	$ (66)	$ (84)	$ (29)	$ 984	$ (37)	$ (11)	$ 365	$ 907	$ 858
Shares used in basic per share amounts:
Weighted average common shares outstanding									281	285	297
Shares used in diluted per share amounts:
Weighted average common shares outstanding									281	285	297
Dilutive common equivalent shares from stock options and restricted stock awards									5	6	6
Dilutive weighted average common shares outstanding									286	291	303
Basic and diluted net income per share:
Basic net income per share from continuing operations	$ (0.37)	$ 2.37	$ (0.21)	$ (0.28)	$ (0.10)	$ 3.45	$ (0.15)	$ (0.20)	$ 1.47	$ 2.99	$ 2.72
Basic net income (loss) per share from discontinued operations	0.42	(0.56)	(0.02)	(0.01)	0	0.02	0.02	0.16	(0.17)	0.19	0.17
Basic net income per share	0.05	1.81	(0.23)	(0.29)	(0.10)	3.47	(0.13)	(0.04)	1.30	3.18	2.89
Diluted net income per share from continuing operations	(0.37)	2.33	(0.21)	(0.28)	(0.10)	3.38	(0.15)	(0.20)	1.45	2.94	2.66
Diluted net income (loss) per share from discontinued operations	0.42	(0.55)	(0.02)	(0.01)	0	0.01	0.02	0.16	(0.17)	0.18	0.17
Diluted net income per share	$ 0.05	$ 1.78	$ (0.23)	$ (0.29)	$ (0.10)	$ 3.39	$ (0.13)	$ (0.04)	$ 1.28	$ 3.12	$ 2.83
Weighted average stock options and restricted stock units excluded from calculation due to anti-dilutive effect									2	0	3
Description of Business and Summary of Significant Accounting Policies (Textuals)
Period of revenue recognition for software product enhancements and connected services									3 years
Advertising expense									$ 229	$ 171	$ 182
Business combination, measurement period									1 year
Finite-lived intangible asset, useful life (in years)									5 years	6 years
Sales Revenue, Net
Description of Business and Summary of Significant Accounting Policies (Textuals)
Concentration Risk, Percentage									0.00%	0.00%	0.00%
Accounts Receivable
Description of Business and Summary of Significant Accounting Policies (Textuals)
Concentration Risk, Percentage									0.00%	0.00%
Minimum
Description of Business and Summary of Significant Accounting Policies (Textuals)
Property, plant and equipment, useful life (in years)									2 years
Finite-lived intangible asset, useful life (in years)									2 years
Maximum
Description of Business and Summary of Significant Accounting Policies (Textuals)
Property, plant and equipment, useful life (in years)									30 years
Finite-lived intangible asset, useful life (in years)									9 years
Software Development | Minimum
Description of Business and Summary of Significant Accounting Policies (Textuals)
Property, plant and equipment, useful life (in years)									3 years
Software Development | Maximum
Description of Business and Summary of Significant Accounting Policies (Textuals)
Property, plant and equipment, useful life (in years)									5 years

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions		Jul. 31, 2015	Jul. 31, 2014
Available-for-sale securities:
Total available-for-sale securities		$ 2,061	$ 2,234
Liabilities:
Senior notes, noncurrent		500	499
Senior Notes			499
Municipal bonds
Available-for-sale securities:
Total available-for-sale securities		506	701
Municipal auction rate securities
Available-for-sale securities:
Total available-for-sale securities		15	21
Corporate notes
Available-for-sale securities:
Total available-for-sale securities		546	466
U.S. agency securities
Available-for-sale securities:
Total available-for-sale securities		12	42
Fair Value, Measurements, Recurring
Assets:
Cash equivalents, primarily money market funds		695	652
Available-for-sale securities:
Total available-for-sale securities		1,079	1,230
Total assets measured at fair value on a recurring basis		1,774	1,882
Liabilities:
Senior notes	[1]	531	556
Fair Value, Measurements, Recurring | Municipal bonds
Available-for-sale securities:
Total available-for-sale securities		506	701
Fair Value, Measurements, Recurring | Municipal auction rate securities
Available-for-sale securities:
Total available-for-sale securities		15	21
Fair Value, Measurements, Recurring | Corporate notes
Available-for-sale securities:
Total available-for-sale securities		546	466
Fair Value, Measurements, Recurring | U.S. agency securities
Available-for-sale securities:
Total available-for-sale securities		12	42
Fair Value, Measurements, Recurring | Level 1
Assets:
Cash equivalents, primarily money market funds		695	652
Available-for-sale securities:
Total available-for-sale securities		0	0
Total assets measured at fair value on a recurring basis		695	652
Liabilities:
Senior notes	[1]	0	0
Fair Value, Measurements, Recurring | Level 1 | Municipal bonds
Available-for-sale securities:
Total available-for-sale securities		0	0
Fair Value, Measurements, Recurring | Level 1 | Municipal auction rate securities
Available-for-sale securities:
Total available-for-sale securities		0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate notes
Available-for-sale securities:
Total available-for-sale securities		0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. agency securities
Available-for-sale securities:
Total available-for-sale securities		0	0
Fair Value, Measurements, Recurring | Level 2
Assets:
Cash equivalents, primarily money market funds		0	0
Available-for-sale securities:
Total available-for-sale securities		1,064	1,209
Total assets measured at fair value on a recurring basis		1,064	1,209
Liabilities:
Senior notes	[1]	531	556
Fair Value, Measurements, Recurring | Level 2 | Municipal bonds
Available-for-sale securities:
Total available-for-sale securities		506	701
Fair Value, Measurements, Recurring | Level 2 | Municipal auction rate securities
Available-for-sale securities:
Total available-for-sale securities		0	0
Fair Value, Measurements, Recurring | Level 2 | Corporate notes
Available-for-sale securities:
Total available-for-sale securities		546	466
Fair Value, Measurements, Recurring | Level 2 | U.S. agency securities
Available-for-sale securities:
Total available-for-sale securities		12	42
Fair Value, Measurements, Recurring | Level 3
Assets:
Cash equivalents, primarily money market funds		0	0
Available-for-sale securities:
Total available-for-sale securities		15	21
Total assets measured at fair value on a recurring basis		15	21
Liabilities:
Senior notes	[1]	0	0
Fair Value, Measurements, Recurring | Level 3 | Municipal bonds
Available-for-sale securities:
Total available-for-sale securities		0	0
Fair Value, Measurements, Recurring | Level 3 | Municipal auction rate securities
Available-for-sale securities:
Total available-for-sale securities		15	21
Fair Value, Measurements, Recurring | Level 3 | Corporate notes
Available-for-sale securities:
Total available-for-sale securities		0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. agency securities
Available-for-sale securities:
Total available-for-sale securities		$ 0	$ 0
[1]	Carrying value on our balance sheets at July 31, 2015 was $500 million and at July 31, 2014 was $499 million. See Note 9.

Fair Value Measurements (Deta40

Fair Value Measurements (Details 2) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jul. 31, 2015	Jul. 31, 2014
Cash equivalents:
Cash equivalents	$ 695	$ 652
Available-for-sale securities:
Investments	1,079	1,230
Cash and cash equivalents
Cash equivalents:
Cash equivalents	533	507
Cash equivalents in funds held for customers
Cash equivalents:
Cash equivalents	162	145
Available-for-sale securities in investments
Available-for-sale securities:
Investments	889	1,065
Available-for-sale securities in funds held for customers
Available-for-sale securities:
Investments	175	144
Available-for-sale securities in long-term investments
Available-for-sale securities:
Investments	15	21
Level 1
Cash equivalents:
Cash equivalents	695	652
Available-for-sale securities:
Investments	0	0
Level 1 | Cash and cash equivalents
Cash equivalents:
Cash equivalents	533	507
Level 1 | Cash equivalents in funds held for customers
Cash equivalents:
Cash equivalents	162	145
Level 1 | Available-for-sale securities in investments
Available-for-sale securities:
Investments	0	0
Level 1 | Available-for-sale securities in funds held for customers
Available-for-sale securities:
Investments	0	0
Level 1 | Available-for-sale securities in long-term investments
Available-for-sale securities:
Investments	0	0
Level 2
Cash equivalents:
Cash equivalents	0	0
Available-for-sale securities:
Investments	1,064	1,209
Level 2 | Cash and cash equivalents
Cash equivalents:
Cash equivalents	0	0
Level 2 | Cash equivalents in funds held for customers
Cash equivalents:
Cash equivalents	0	0
Level 2 | Available-for-sale securities in investments
Available-for-sale securities:
Investments	889	1,065
Level 2 | Available-for-sale securities in funds held for customers
Available-for-sale securities:
Investments	175	144
Level 2 | Available-for-sale securities in long-term investments
Available-for-sale securities:
Investments	0	0
Level 3
Cash equivalents:
Cash equivalents	0	0
Available-for-sale securities:
Investments	15	21
Level 3 | Cash and cash equivalents
Cash equivalents:
Cash equivalents	0	0
Level 3 | Cash equivalents in funds held for customers
Cash equivalents:
Cash equivalents	0	0
Level 3 | Available-for-sale securities in investments
Available-for-sale securities:
Investments	0	0
Level 3 | Available-for-sale securities in funds held for customers
Available-for-sale securities:
Investments	0	0
Level 3 | Available-for-sale securities in long-term investments
Available-for-sale securities:
Investments	$ 15	$ 21

Fair Value Measurements (Deta41

Fair Value Measurements (Details 3) - USD ($)	3 Months Ended		12 Months Ended
	Apr. 30, 2015	Apr. 30, 2013	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Goodwill, impairment loss			$ 114,000,000		$ 0
Goodwill			1,266,000,000	$ 1,323,000,000	1,100,000,000
Goodwill and intangible asset impairment charges			297,000,000	0	46,000,000
Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments			1,079,000,000	1,230,000,000
Intuit Health | Fair Value, Measurements, Nonrecurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Goodwill and intangible asset impairment charges		$ 46,000,000
Carrying value of intuit health intangibles and goodwill after impairment		$ 0
Consumer Tax segment
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Goodwill, impairment loss			0
Goodwill			18,000,000	17,000,000	$ 19,000,000
Consumer Ecosystem | Consumer Tax segment
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Goodwill, impairment loss	$ 263,000,000
Goodwill	$ 211,000,000
Level 3 | Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments			15,000,000	$ 21,000,000
Municipal auction rate securities | Level 3 | Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale securities, sold at par			6,000,000
Investments			$ 15,000,000

Cash and Cash Equivalents, In42

Cash and Cash Equivalents, Investments and Funds Held for Customers (Details) - USD ($) $ in Millions	Jul. 31, 2015	Jul. 31, 2014
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	$ 2,062	$ 2,233
Available-for-sale securities, fair value disclosure	2,061	2,234
Available-for-sale securities:
Total cash and cash equivalents, investments and funds held for customers	2,062	2,233
Available-for-sale debt securities classified by the stated maturity date of the security
Due within one year, fair value	435	363
Due within two years, fair value	442	443
Due within three years, fair value	156	303
Due after three years, fair value	46	121
Total available-for-sale debt securities, fair value	1,079	1,230
Cash and cash equivalents including funds held for customers
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	970	994
Available-for-sale securities, fair value disclosure	970	994
Municipal bonds
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	507	700
Available-for-sale securities, fair value disclosure	506	701
Municipal auction rate securities
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	15	21
Available-for-sale securities, fair value disclosure	15	21
Corporate notes
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	546	466
Available-for-sale securities, fair value disclosure	546	466
U.S. agency securities
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	12	42
Available-for-sale securities, fair value disclosure	12	42
Available-for-sale debt securities
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	1,080	1,229
Available-for-sale securities, fair value disclosure	1,079	1,230
Other long-term investments
Classification on balance sheets:
Available-for-sale securities, fair value disclosure	12	10
Available-for-sale securities:
Other long-term investments	12	10
Cash and cash equivalents
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	808	849
Available-for-sale securities, fair value disclosure	808	849
Investments
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	890	1,064
Available-for-sale securities, fair value disclosure	889	1,065
Funds held for customers
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	337	289
Available-for-sale securities, fair value disclosure	337	289
Long-term investments
Classification on balance sheets:
Available-for-sale securities, amortized cost basis	27	31
Available-for-sale securities, fair value disclosure	27	31
Amortized cost
Available-for-sale debt securities classified by the stated maturity date of the security
Due within one year, amortized cost	434	363
Due within two years, amortized cost	443	443
Due within three years, amortized cost	156	303
Due after three years, amortized cost	47	120
Total available-for-sale debt securities, amortized cost	$ 1,080	$ 1,229

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Property, Plant and Equipment [Line Items]
Equipment	$ 447	$ 398
Computer software	552	507
Furniture and fixtures	71	68
Leasehold improvements	286	273
Land	7	6
Buildings	192	192
Capital in progress	188	127
Total property plant and equipment, gross	1,743	1,571
Less accumulated depreciation and amortization	(1,061)	(982)
Total property and equipment, net	682	589
Capitalized computer software, additions	116	80	$ 66
Capitalized labor costs	$ 89	$ 46	$ 56
Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	2 years
Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	30 years
Equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	5 years
Computer software | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Computer software | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	6 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	5 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	5 years
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	2 years
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	16 years
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	5 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	30 years

Goodwill and Acquired Intangi44

Goodwill and Acquired Intangible Assets (Details) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Goodwill [Roll Forward]
Goodwill, beginning	$ 1,323,000,000	$ 1,100,000,000
Goodwill Acquired/ Adjusted	57,000,000	223,000,000
Goodwill Impairment Charges	(114,000,000)		$ 0
Goodwill, ending	1,266,000,000	1,323,000,000	1,100,000,000
Small Business segment
Goodwill [Roll Forward]
Goodwill, beginning	1,213,000,000	988,000,000
Goodwill Acquired/ Adjusted	58,000,000	225,000,000
Goodwill Impairment Charges	(114,000,000)
Goodwill, ending	1,157,000,000	1,213,000,000	988,000,000
Consumer Tax segment
Goodwill [Roll Forward]
Goodwill, beginning	17,000,000	19,000,000
Goodwill Acquired/ Adjusted	1,000,000	(2,000,000)
Goodwill Impairment Charges	0
Goodwill, ending	18,000,000	17,000,000	19,000,000
Professional Tax segment
Goodwill [Roll Forward]
Goodwill, beginning	93,000,000	93,000,000
Goodwill Acquired/ Adjusted	(2,000,000)	0
Goodwill Impairment Charges	0
Goodwill, ending	$ 91,000,000	$ 93,000,000	$ 93,000,000

Goodwill and Acquired Intangi45

Goodwill and Acquired Intangible Assets Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Finite-Lived Intangible Assets [Abstract]
Cost	$ 670	$ 635
Accumulated amortization	(583)	(502)
Acquired intangible assets, net	$ 87	$ 133
Weighted average life in years	5 years	6 years
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,016	$ 37
2,017	24
2,018	16
2,019	7
2,020	3
Thereafter	0
Acquired intangible assets, net	87	$ 133
Customer Lists
Finite-Lived Intangible Assets [Abstract]
Cost	243	244
Accumulated amortization	(239)	(231)
Acquired intangible assets, net	$ 4	$ 13
Weighted average life in years	5 years	7 years
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Acquired intangible assets, net	$ 4	$ 13
Purchased Technology
Finite-Lived Intangible Assets [Abstract]
Cost	371	336
Accumulated amortization	(294)	(227)
Acquired intangible assets, net	$ 77	$ 109
Weighted average life in years	5 years	5 years
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Acquired intangible assets, net	$ 77	$ 109
Trade Names and Logos
Finite-Lived Intangible Assets [Abstract]
Cost	24	23
Accumulated amortization	(23)	(19)
Acquired intangible assets, net	$ 1	$ 4
Weighted average life in years	4 years	8 years
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Acquired intangible assets, net	$ 1	$ 4
Covenants Not to Compete or Sue
Finite-Lived Intangible Assets [Abstract]
Cost	32	32
Accumulated amortization	(27)	(25)
Acquired intangible assets, net	$ 5	$ 7
Weighted average life in years	9 years	8 years
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Acquired intangible assets, net	$ 5	$ 7

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ in Millions	Jun. 16, 2014	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Business Combinations (Textuals)
Goodwill		$ 1,266	$ 1,323	$ 1,100
Check Inc.
Business Combinations (Textuals)
Cost of acquired entity	$ 369
Purchase consideration	342
Fair value of assumed equity awards	27
Fair value of assumed equity awards, expected service period, in years		4 years
Net tangible assets acquired	14
Intangible assets acquired	35
Goodwill	$ 293

Discontinued Operations Carryin

Discontinued Operations Carrying Amounts of Major Classes of Assets and Liabilities (Details) - Demandforce, QuickBase, and Quicken - USD ($) $ in Millions	Jul. 31, 2015	Jul. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable	$ 19	$ 19
Deferred income taxes	5	9
Prepaid and other current assets	2	1
Property and equipment, net	25	17
Goodwill	165	312
Purchased intangible assets, net	43	66
Other assets	2	1
Total assets	261	425
Accounts payable	7	16
Accrued compensation	21	16
Deferred revenue	48	31
Other current liabilities	17	17
Long-term deferred revenue	39	7
Long-term obligations	29	27
Total liabilities	161	114
Net assets	$ 100	$ 311

Discontinued Operations (Detail

Discontinued Operations (Details)		Aug. 01, 2013USD ($)	Sep. 17, 2012USD ($)	Oct. 31, 2013USD ($)	Jul. 31, 2013USD ($)	Jul. 31, 2012USD ($)	Jul. 31, 2015USD ($)business	Jul. 31, 2014USD ($)	Jul. 31, 2013USD ($)
Discontinued Operations (Textuals)
Number of businesses held for sale | business							3
Pre-tax gain (loss) on sale of discontinued operations	[1]						$ 0	$ 40,000,000	$ 53,000,000
Income tax expense (benefit) from discontinued operations							(124,000,000)	0	0
Demandforce, QuickBase, and Quicken
Discontinued Operations (Textuals)
Impairment of long-lived assets							0
Intuit Financial Services
Discontinued Operations (Textuals)
Impairment of long-lived assets					$ 0
Gross proceeds from sale of business		$ 1,025,000,000
Pre-tax gain (loss) on sale of discontinued operations				$ 44,000,000
Income tax expense (benefit) from discontinued operations				8,000,000
Net gain (loss) on disposal of business				36,000,000			0	36,000,000	8,000,000
Intuit Health
Discontinued Operations (Textuals)
Impairment of long-lived assets					$ 0
Pre-tax gain (loss) on sale of discontinued operations				(4,000,000)
Income tax expense (benefit) from discontinued operations				(14,000,000)
Net gain (loss) on disposal of business				$ 10,000,000			0	10,000,000	18,000,000
Intuit Websites
Discontinued Operations (Textuals)
Impairment of long-lived assets						$ 0
Gross proceeds from sale of business			$ 60,000,000
Net gain (loss) on disposal of business			$ 32,000,000				$ 0	$ 0	$ 32,000,000
[1]	Because the cash flows of our discontinued operations were not material for any period presented, we have not segregated the cash flows of those businesses on these statements of cash flows. We have presented the effect of the pre-tax gains on the disposals on these statements of cash flows. See Note 7, “Discontinued Operations,” for more information.

Discontinued Operations Net Inc

Discontinued Operations Net Income (loss) from Discontinued Operations (Details) - USD ($) $ in Millions	Sep. 17, 2012	Oct. 31, 2013	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue from discontinued operations			$ 236	$ 263	$ 577
Income (loss) from discontinued operations before income taxes			(188)	12	8
Net income (loss) from discontinued operations			(48)	54	51
Income tax (expense) benefit from discontinued operations			124	0	0
Intuit Financial Services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue from discontinued operations			0	0	325
Income (loss) from discontinued operations before income taxes			0	0	52
Net income (loss) from discontinued operations			0	0	34
Net gain (loss) on disposal of business		$ 36	0	36	8
Income tax (expense) benefit from discontinued operations		(8)
Intuit Health
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue from discontinued operations			0	1	16
Income (loss) from discontinued operations before income taxes			0	(1)	(71)
Net income (loss) from discontinued operations			0	0	(57)
Net gain (loss) on disposal of business		10	0	10	18
Income tax (expense) benefit from discontinued operations		$ 14
Intuit Websites
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue from discontinued operations			0	0	10
Net gain (loss) on disposal of business	$ 32		0	0	32
Demandforce
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue from discontinued operations			115	107	80
Income (loss) from discontinued operations before income taxes			(63)	(51)	(41)
Net income (loss) from discontinued operations			(39)	(30)	(27)
QuickBase
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue from discontinued operations			70	57	47
Income (loss) from discontinued operations before income taxes			11	7	10
Net income (loss) from discontinued operations			7	4	6
Quicken
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue from discontinued operations			51	98	99
Income (loss) from discontinued operations before income taxes			(136)	57	58
Net income (loss) from discontinued operations			$ (140)	$ 34	$ 37

Current Liabilities (Details)

Current Liabilities (Details)	12 Months Ended
	Jul. 31, 2015USD ($)	Jul. 31, 2014USD ($)	Feb. 17, 2012USD ($)
Current Liabilities (Textuals)
Unsecured revolving credit facility			$ 500,000,000
Maximum ratio of debt to annual earnings before interest, taxes, depreciation and amortization as per agreement	3.25
Minimum ratio of annual earnings before interest, taxes, depreciation and amortization to interest payable as per agreement	3
Other Current Liabilities
Reserve for product returns	$ 12,000,000	$ 15,000,000
Reserve for rebates	12,000,000	21,000,000
Current portion of license fee payable	10,000,000	10,000,000
Current portion of deferred rent	8,000,000	6,000,000
Interest payable	10,000,000	10,000,000
Executive deferred compensation plan liabilities	63,000,000	62,000,000
Other	35,000,000	26,000,000
Total other current liabilities	$ 150,000,000	$ 150,000,000
JP Morgan Alternate Base | Minimum
Current Liabilities (Textuals)
Libor plus variable interest rate on advances under credit facilities	0.00%
JP Morgan Alternate Base | Maximum
Current Liabilities (Textuals)
Libor plus variable interest rate on advances under credit facilities	0.50%
LIBOR | Minimum
Current Liabilities (Textuals)
Libor plus variable interest rate on advances under credit facilities	0.90%
LIBOR | Maximum
Current Liabilities (Textuals)
Libor plus variable interest rate on advances under credit facilities	1.50%

Long-Term Obligations and Com51

Long-Term Obligations and Commitments (Details) - USD ($)	1 Months Ended	12 Months Ended
	May. 31, 2009	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013	Mar. 12, 2007
Long Term Obligations And Commitments (Textuals)
Interest paid		$ 32,000,000	$ 32,000,000	$ 33,000,000
Cash paid to license technology	$ 20,000,000
Amount payable over next ten fiscal years for agreement to license technology	100,000,000
Present value of license technology agreement	$ 89,000,000
Years lease term can be extended under lease option		10 years
Operating leases, rent expense		$ 59,000,000	54,000,000	50,000,000
Other long-term obligations
Total deferred rent		49,000,000	52,000,000
Total license fee payable		34,000,000	41,000,000
Long-term income tax liabilities		45,000,000	32,000,000
Long-term deferred income tax liabilities		50,000,000	44,000,000
Other		13,000,000	14,000,000
Total long-term obligations		191,000,000	183,000,000
Less current portion (included in other current liabilities)		(19,000,000)	(17,000,000)
Long-term obligations due after one year		172,000,000	166,000,000
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Operating Leases, Future Minimum Payments Due, Current		74,000,000
Operating Leases, Future Minimum Payments, Due in Two Years		72,000,000
Operating Leases, Future Minimum Payments, Due in Three Years		58,000,000
Operating Leases, Future Minimum Payments, Due in Four Years		50,000,000
Operating Leases, Future Minimum Payments, Due in Five Years		47,000,000
Operating Leases, Future Minimum Payments, Due Thereafter		221,000,000
Operating Leases, Future Minimum Payments Due		522,000,000
Operating Leases, Future Minimum Payments Due, Future Minimum Sublease Rentals		(13,000,000)
Operating Leases, Future Minimum Payments Due Net of Lease Receivables		509,000,000
Purchase Obligations
Purchase Obligation, Fiscal Year Maturity [Abstract]
Purchase Obligation, Due in Next Twelve Months		26,000,000
Purchase Obligation, Due in Second Year		12,000,000
Purchase Obligation, Due in Third Year		55,000,000
Purchase Obligation, Due in Fourth Year		0
Purchase Obligation, Due in Fifth Year		0
Purchase Obligation, Due after Fifth Year		1,000,000
Purchase Obligation		94,000,000
Senior Notes
Long Term Obligations And Commitments (Textuals)
Interest paid		$ 29,000,000	$ 29,000,000	$ 29,000,000
5.75 percent fixed-rate notes due 2017
Long Term Obligations And Commitments (Textuals)
Senior notes					$ 500,000,000
Senior notes, rate					5.75%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Current:
Federal	$ 253	$ 358	$ 328
State	20	21	30
Foreign	7	10	5
Total current	280	389	363
Deferred:
Federal	14	51	4
State	1	5	1
Foreign	4	2	10
Total deferred	19	58	15
Total provision for income taxes from continuing operations	299	447	378
Income Statement [Abstract]
United States	716	1,276	1,140
Foreign	(4)	24	45
Income from continuing operations before income taxes	712	1,300	1,185
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income from continuing operations before income taxes	712	1,300	1,185
Statutory federal income tax	249	455	415
State income tax, net of federal benefit	15	17	17
Federal research and experimentation credits	(19)	(7)	(23)
Domestic production activities deduction	(19)	(25)	(29)
Share-based compensation	15	8	6
Effects of non-U.S. operations	12	1	(2)
Non-deductible goodwill	40	0	0
Other, net	6	(2)	(6)
Total provision for income taxes from continuing operations	299	447	378
Deferred tax assets:
Accruals and reserves not currently deductible	36	53
Deferred rent	10	8
Accrued and deferred compensation	52	48
Loss and tax credit carryforwards	44	41
Share-based compensation	52	50
Net basis difference in investments held for sale	122	0
Other, net	6	1
Total deferred tax assets	322	201
Deferred tax liabilities:
Intangible assets	87	97
Property and equipment	20	4
Total deferred tax liabilities	107	101
Total net deferred tax assets	215	100
Valuation allowance	(30)	(20)
Total net deferred tax assets, net of valuation allowance	185	80
Deferred Tax Assets, Net [Abstract]
Current deferred income taxes	231	124
Long-term deferred income taxes included in other assets	4	0
Long-term deferred income taxes included in other long-term obligations	(50)	(44)
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Gross unrecognized tax benefits, beginning balance	40	39	38
Increases related to tax positions from prior fiscal years, including acquisitions	15	4	5
Decreases related to tax positions from prior fiscal years	(1)	(8)	(12)
Increases related to tax positions taken during current fiscal year	5	5	9
Settlements with tax authorities	(3)	0	(1)
Gross unrecognized tax benefits, ending balance	56	40	39
Income Taxes (Textuals)
Income tax effects allocated directly to equity, employee stock options	$ 85	82	69
Federal statutory income tax rate	35.00%
Discrete tax benefit due to changes in federal tax law	$ 11		$ 8
Total net deferred tax assets, net of valuation allowance	185	$ 80
Unrecognized tax benefits net of related deferred tax assets	37
Favorable net impact to income tax expense due to recognition of tax benefits	37
Domestic Country
Income Taxes (Textuals)
Operating loss carryforwards	23
State and Local Jurisdiction
Deferred tax liabilities:
Valuation allowance	(6)
Total net deferred tax assets, net of valuation allowance	7
Income Taxes (Textuals)
Operating loss carryforwards	115
Total net deferred tax assets, net of valuation allowance	7
Foreign Tax Authority
Income Taxes (Textuals)
Deferred tax assets, operating loss carryforwards, foreign	46
Research Tax Credit Carryforward | State and Local Jurisdiction
Income Taxes (Textuals)
Deferred tax assets, tax credit carryforwards	44
Amount of carryforward, if realized, to be recognized as additional paid in capital	11
Financial Services
Deferred tax assets:
Net basis difference in investments held for sale	122
Intuit Websites and Intuit Financial Services
Income Taxes (Textuals)
Deferred tax assets, capital loss carryforwards	4
Intuit Websites and Intuit Financial Services | Capital Loss Carryforward
Deferred tax liabilities:
Valuation allowance	(1)
Income Taxes (Textuals)
Valuation allowance, deferred tax asset, increase (decrease), amount	$ 2

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Millions		Dec. 23, 2013shares	Aug. 23, 2013USD ($)shares	Jul. 31, 2015USD ($)Period_of_time$ / sharesshares	Jul. 31, 2014USD ($)$ / sharesshares	Jul. 31, 2013USD ($)$ / sharesshares	Aug. 31, 2015$ / shares	Jul. 31, 2015USD ($)$ / sharesshares	Jul. 31, 2014USD ($)$ / sharesshares
Stockholders' Equity (Textuals)
Stock repurchases under stock repurchase programs				$ (1,245)	$ (1,577)	$ (292)
Common stock dividends, cash paid (per share) | $ / shares				$ 1
Dividends and dividend rights paid				$ (283)	$ (220)	$ (203)
Common stock, shares authorized (in shares) | shares								750,000,000	750,000,000
Pool shares reduced for each share granted | shares				2.3
Pool shares increased for each share forfeited | shares				2.3
Stock offering period, months, employee stock purchase plans				6 months
Stock accrual period, employee stock purchase plans, number of accrual periods | Period_of_time				2
Stock offering period, number of months in accrual period				3 months
Percentage of lower of the closing price for stock on the first day last day of the offering period				85.00%
Shares issued during period for Employee Stock Purchase Plans | shares				892,632	1,044,961	1,172,822
Shares available for issuance under Employee Stock Purchase Plan | shares								4,638,773
Share-based Compensation [Abstract]
Share-based compensation expense				$ 257	$ 204	$ 195
Income tax benefit				(75)	(60)	(55)
Decrease in net income from continuing operations				$ 167	$ 126	$ 111
Share-Based Awards Available for Grant [Roll Forward]
Shares available for Grant, Beginning | shares				24,203,000	12,120,000	21,760,000
Additional shares authorized | shares					19,000,000
Options granted | shares				(1,981,000)	(2,206,000)	(2,607,000)
Restricted stock units granted | shares	[1]			(8,053,000)	(8,959,000)	(9,310,000)
Share-based awards canceled/forfeited/expired | shares	[1],[2]			3,014,000	4,248,000	2,277,000
Shares available for Grant, Ending | shares				17,183,000	24,203,000	12,120,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of shares, Beginning Balance | shares				10,938,000	14,206,000	18,061,000
Granted | shares				1,981,000	2,206,000	2,607,000
Assumed in connection with acquisitions | shares					261,000
Exercised | shares				(3,704,000)	(5,041,000)	(5,826,000)
Canceled or expired | shares				(502,000)	(694,000)	(636,000)
Number of shares, Ending Balance | shares				8,713,000	10,938,000	14,206,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted average exercise price per share, Beginning Balance | $ / shares				$ 52.67	$ 43.77	$ 37.49
Granted | $ / shares				106.86	82.15	62.93
Assumed in connection with acquisitions | $ / shares					5.16
Exercised | $ / shares				41.65	37.74	32.79
Canceled or expired | $ / shares				62.32	54.77	44.60
Weighted average exercise price per share, Ending Balance | $ / shares				$ 69.13	$ 52.67	$ 43.77
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Number of shares (in thousands), options outstanding | shares				10,938,000	14,206,000	18,061,000		8,713,000	10,938,000
Weighted average remaining contractual life (in years), options outstanding				5 years 6 months
Weighted average exercise price per share, options outstanding | $ / shares				$ 52.67	$ 43.77	$ 37.49		$ 69.13	$ 52.67
Aggregate intrinsic value (in millions), options outstanding								$ 332
Number of shares (in thousands), options exercisable and expected to vest | shares								8,282,000
Weighted average remaining contractual life (in years), options exercisable and expected to vest				5 years 4 months 9 days
Weighted Average Exercise Price per Share. options exercisable and expected to vest | $ / shares								$ 67.86
Aggregate Intrinsic Value (in millions), options exercisable and expected to vest								$ 326
Number of Shares (in thousands), options exercisable | shares								4,389,000
Weighted Average Remaining Contractual Life (in Years), options exercisable				3 years 6 months
Weighted Average Exercise Price per Share, options exercisable | $ / shares								$ 51.55
Aggregate Intrinsic Value (in millions), options exercisable								$ 244
Additional information regarding stock options, restricted stock and ESPP
Weighted average fair value of options granted (per share) | $ / shares				$ 19.39	$ 21.34	$ 11.24
Total fair value of options vested				$ 33	$ 20	$ 41
Aggregate intrinsic value of options exercised				191	177	166
Total tax benefit for stock option and ESPP share-based compensation				75	60	55
Cash received from option exercises				154	190	191
Cash tax benefits realized related to tax deductions for non-qualified option exercises and disqualifying dispositions under all share-based payment arrangements				$ 68	$ 63	$ 60
Summary of restricted stock unit activity
Nonvested, Number of shares, Beginning Balance | shares				9,455,000	9,184,000	9,607,000
Granted | shares				3,501,000	3,896,000	4,048,000
Assumed or granted in connection with acquisitions | shares				292,000	782,000
Vested | shares				(3,155,000)	(2,820,000)	(3,670,000)
Forfeited | shares				(1,177,000)	(1,587,000)	(801,000)
Nonvested, Number of shares, Ending Balance | shares				8,916,000	9,455,000	9,184,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares				$ 62.46	$ 55.23	$ 46.79
Granted | $ / shares				100.18	71.37	62.76
Assumed or granted in connection with acquisitions | $ / shares				91.87	71
Vested | $ / shares				67	53.98	43
Forfeited | $ / shares				62.32	61.76	48.16
Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ / shares				$ 76.64	$ 62.46	$ 55.23
Additional information regarding RSUs
Total tax benefit related to RSU share-based compensation expense				$ 75	$ 60	$ 55
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income (loss), net of tax								(30)	$ (2)
Discontinued Operations, Disposed of by Sale
Additional information regarding stock options, restricted stock and ESPP
Share-based compensation expense for stock options and ESPP				15	18	29
Additional information regarding RSUs
Share-based compensation for RSUs				15	18	29
Cost of service and other revenue
Share-based Compensation [Abstract]
Share-based compensation expense				6	7	4
Selling and marketing
Share-based Compensation [Abstract]
Share-based compensation expense				69	53	55
Research and development
Share-based Compensation [Abstract]
Share-based compensation expense				80	59	50
General and administrative
Share-based Compensation [Abstract]
Share-based compensation expense				87	67	57
Segment, Continuing Operations
Share-based Compensation [Abstract]
Share-based compensation expense				$ 242	$ 186	$ 166
Stock Options
Stockholders' Equity (Textuals)
Award vesting period				3 years
Number of years until options vest				7 years
Unrecognized compensation cost related to non-vested share based compensation expense								67
Expected weighted average vesting period to recognize compensation cost related to share based compensation expense, in years				2 years 5 months
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Weighted average expected volatility				23.00%	23.00%	23.00%
Share-Based Awards Available for Grant [Roll Forward]
Shares available for Grant, Ending | shares				17,200,000
Restricted Stock Units (RSUs)
Stockholders' Equity (Textuals)
Award vesting period				3 years
Unrecognized compensation cost related to non-vested share based compensation expense								$ 446
Expected weighted average vesting period to recognize compensation cost related to share based compensation expense, in years				2 years 4 months
Share-based Compensation [Abstract]
Income tax benefit				$ (63)	$ (49)	$ (42)
Additional information regarding stock options, restricted stock and ESPP
Share-based compensation expense for stock options and ESPP				188	143	122
Total tax benefit for stock option and ESPP share-based compensation				63	49	42
Additional information regarding RSUs
Total fair value of RSUs vested				282	204	224
Share-based compensation for RSUs				188	143	122
Total tax benefit related to RSU share-based compensation expense				63	49	42
Cash tax benefits realized for tax deductions for RSUs				$ 96	$ 134	$ 77
Employee Stock
Stockholders' Equity (Textuals)
Common stock, shares authorized (in shares) | shares								23,800,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Weighted average expected volatility				21.00%	21.00%	22.00%
Share Based Compensation Expense
Decrease in net income per share from continuing operations:
Basic | $ / shares				$ 0.59	$ 0.44	$ 0.37
Diluted | $ / shares				$ 0.58	$ 0.43	$ 0.37
Stock Options And Espp
Share-based Compensation [Abstract]
Income tax benefit				$ (12)	$ (11)	$ (13)
Additional information regarding stock options, restricted stock and ESPP
Share-based compensation expense for stock options and ESPP				54	43	44
Total tax benefit for stock option and ESPP share-based compensation				12	11	13
Additional information regarding RSUs
Share-based compensation for RSUs				54	43	44
Total tax benefit related to RSU share-based compensation expense				$ 12	$ 11	$ 13
Common Stock
Stockholders' Equity (Textuals)
Common stock repurchased, share | shares				13,809,000	22,467,000	4,820,000
Accumulated Net Unrealized Investment Gain (Loss) | Debt Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income (loss), net of tax								$ 0	1
Accumulated Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income (loss), net of tax								$ (30)	$ (3)
Minimum | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected volatility (range)				22.00%	22.00%	22.00%
Risk-free interest rate (range)				1.13%	1.01%	0.49%
Expected dividend yield				0.93%	0.92%	1.02%
Minimum | Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected volatility (range)				20.00%	19.00%	20.00%
Risk-free interest rate (range)				0.01%	0.02%	0.05%
Expected dividend yield				0.96%	0.94%	1.04%
Maximum
Stockholders' Equity (Textuals)
Market price of common stock used to define in money options exercise price | $ / shares								$ 105.77
Maximum | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected volatility (range)				24.00%	24.00%	27.00%
Risk-free interest rate (range)				1.47%	1.40%	1.05%
Expected dividend yield				1.05%	1.06%	1.18%
Maximum | Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected volatility (range)				23.00%	22.00%	24.00%
Risk-free interest rate (range)				0.15%	0.08%	0.11%
Expected dividend yield				1.19%	1.15%	1.17%
Subsequent Event
Stockholders' Equity (Textuals)
Dividend per share payable | $ / shares							$ 0.30
Restated 2005 Plan | Stock Options
Stockholders' Equity (Textuals)
Pool shares reduced for each share granted | shares				1
Number of shares added back to plan when grants are forfeited | shares				1
Current Program
Stockholders' Equity (Textuals)
Stock repurchases under stock repurchase programs					$ (1,577)
Stock repurchase program remaining authorized repurchase amount								$ 2,600
Restated 2005 Plan
Stockholders' Equity (Textuals)
Common stock, shares authorized (in shares) | shares								115,000,000
Common Stock | Accelerated Stock Repurchase Agreement
Stockholders' Equity (Textuals)
Common stock repurchased, share | shares		2,600,000	17,600,000
Stock repurchase program, authorized amount			$ 1,400
Accelerated Share Repurchases, Settlement (Payment) or Receipt			$ 1,400
[1]	RSUs granted from the pool of shares available for grant under our 2005 Equity Incentive Plan reduce the pool by 2.3 shares for each share granted. RSUs forfeited and returned to the pool of shares available for grant increase the pool by 2.3 shares for each share forfeited.
[2]	Stock options and restricted stock units canceled, expired or forfeited under our 2005 Equity Incentive Plan are returned to the pool of shares available for grant. Stock options and restricted stock units canceled, expired or forfeited under older expired plans are not returned to the pool of shares available for grant.

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Maximum percent of salary bonus and commission eligible for executive deferred compensation plan	75.00%
Executive deferred compensation plan liabilities	$ 63	$ 62
Maximum percent of pre tax salary eligible for contribution to employee plan	50.00%
Additional employer contribution for next six percent of salary in percent	125.00%
Additional salary contributed by the employee, in percent	6.00%
Matching contributions	$ 44	$ 43	$ 40

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended								12 Months Ended
	Jul. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Jan. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Jul. 31, 2014USD ($)	Apr. 30, 2014USD ($)	Jan. 31, 2014USD ($)	Oct. 31, 2013USD ($)	Jul. 31, 2015USD ($)segment	Jul. 31, 2014USD ($)	Jul. 31, 2013USD ($)
Net revenue:
Total net revenue	$ 696	$ 2,135	$ 749	$ 612	$ 649	$ 2,318	$ 711	$ 565	$ 4,192	$ 4,243	$ 3,946
Operating income from continuing operations:
Total operating income from continuing operations	$ (130)	$ 1,066	$ (89)	$ (109)	$ (55)	$ 1,487	$ (55)	$ (77)	738	1,300	1,208
Unallocated corporate items:
Amortization of acquired technology									(30)	(18)	(13)
Amortization of other acquired intangible assets									(12)	(7)	(17)
Goodwill and intangible asset impairment charges									$ 148	0	0
Segment Information (Textuals)
Number of Reportable Segments | segment									3
Small Business segment
Net revenue:
Total net revenue									$ 2,108	2,158	1,988
Operating income from continuing operations:
Total operating income from continuing operations									696	852	806
Consumer Tax segment
Net revenue:
Total net revenue									1,800	1,663	1,552
Operating income from continuing operations:
Total operating income from continuing operations									1,131	1,075	964
Professional Tax segment
Net revenue:
Total net revenue									284	422	406
Operating income from continuing operations:
Total operating income from continuing operations									108	268	260
Operating Segments
Operating income from continuing operations:
Total operating income from continuing operations									1,935	2,195	2,030
Segment Reconciling Items
Unallocated corporate items:
Share-based compensation expense									(242)	(186)	(166)
Other common expenses									(765)	(684)	(626)
Amortization of acquired technology									(30)	(18)	(13)
Amortization of other acquired intangible assets									(12)	(7)	(17)
Goodwill and intangible asset impairment charges									148	0	0
Total unallocated corporate items									$ (1,197)	$ (895)	$ (822)
International | Maximum
Segment Information (Textuals)
International Total Net Revenue As A Percentage Of Total									5.00%	5.00%	5.00%

Selected Quarterly Financial 56

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2013	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Total net revenue	$ 696	$ 2,135	$ 749	$ 612	$ 649	$ 2,318	$ 711	$ 565	$ 4,192	$ 4,243	$ 3,946
Cost of revenue	176	202	188	159	166	158	164	133
All other costs and expenses	650	867	650	562	538	673	602	509
Operating income from continuing operations	(130)	1,066	(89)	(109)	(55)	1,487	(55)	(77)	738	1,300	1,208
Net income from continuing operations	(102)	656	(60)	(81)	(28)	980	(42)	(57)	413	853	807
Net income (loss) from discontinued operations	116	(155)	(6)	(3)	(1)	4	5	46	(48)	54	51
Net income	$ 14	$ 501	$ (66)	$ (84)	$ (29)	$ 984	$ (37)	$ (11)	$ 365	$ 907	$ 858
Basic net income per share from continuing operations	$ (0.37)	$ 2.37	$ (0.21)	$ (0.28)	$ (0.10)	$ 3.45	$ (0.15)	$ (0.20)	$ 1.47	$ 2.99	$ 2.72
Basic net income (loss) per share from discontinued operations	0.42	(0.56)	(0.02)	(0.01)	0	0.02	0.02	0.16	(0.17)	0.19	0.17
Basic net income per share	0.05	1.81	(0.23)	(0.29)	(0.10)	3.47	(0.13)	(0.04)	1.30	3.18	2.89
Diluted net income (loss) per share from continuing operations	(0.37)	2.33	(0.21)	(0.28)	(0.10)	3.38	(0.15)	(0.20)	1.45	2.94	2.66
Diluted net income (loss) per share from discontinued operations	0.42	(0.55)	(0.02)	(0.01)	0	0.01	0.02	0.16	(0.17)	0.18	0.17
Diluted net income per share	$ 0.05	$ 1.78	$ (0.23)	$ (0.29)	$ (0.10)	$ 3.39	$ (0.13)	$ (0.04)	$ 1.28	$ 3.12	$ 2.83

Valuation and Qualifying Acco57

Valuation and Qualifying Accounts [Schedule II] (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Allowance for doubtful accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation allowances and reserves, beginning balance	$ 40	$ 38	$ 46
Valuation allowances and reserves, additions charged to expense/revenue	57	50	49
Valuation allowances and reserves, deductions	(52)	(48)	(57)
Valuation allowances and reserves, ending balance	45	40	38
Reserve for product returns
Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation allowances and reserves, beginning balance	15	14	16
Valuation allowances and reserves, additions charged to expense/revenue	68	74	92
Valuation allowances and reserves, deductions	(71)	(73)	(94)
Valuation allowances and reserves, ending balance	12	15	14
Reserve for rebates
Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation allowances and reserves, beginning balance	21	14	16
Valuation allowances and reserves, additions charged to expense/revenue	97	103	107
Valuation allowances and reserves, deductions	(106)	(96)	(109)
Valuation allowances and reserves, ending balance	$ 12	$ 21	$ 14