Filed pursuant to Rule 424(b)(5)
Registration No. 333-274330
PROSPECTUS SUPPLEMENT
(To Prospectus dated September 1, 2023)
$4,000,000,000
INTUIT INC.
$750,000,000 5.250% Notes due 2026
$750,000,000 5.125% Notes due 2028
$1,250,000,000 5.200% Notes due 2033
$1,250,000,000 5.500% Notes due 2053
We are offering $750,000,000 of our 5.250% notes due 2026 (the “2026 Notes”), $750,000,000 of our 5.125% notes due 2028 (the “2028 Notes”), $1,250,000,000 of our 5.200% notes due 2033 (the “2033 Notes”) and $1,250,000,000 of our 5.500% notes due 2053 (the “2053 Notes” and, together with the 2026 Notes, the 2028 Notes and the 2033 Notes, the “notes”).
We will pay interest on the notes semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2024. The 2026 Notes will mature on September 15, 2026, the 2028 Notes will mature on September 15, 2028, the 2033 Notes will mature on September 15, 2033 and the 2053 Notes will mature on September 15, 2053.
We may redeem the notes in whole or in part at any time or from time to time at the redemption prices described under “Description of Notes—Optional Redemption.”
The notes will be our senior unsecured obligations and will rank equally in right of payment with all of our other senior unsecured obligations from time to time outstanding. The notes will be issued only in registered book-entry form and in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof thereafter. The notes will not be listed on any securities exchange. Currently, there is no public market for any series of the notes.
Investing in the notes involves certain risks. See “Risk Factors” beginning on page S-4 of this prospectus supplement and in the documents incorporated by reference herein for a discussion of certain risks that you should consider in connection with an investment in the notes.
Neither the Securities and Exchange Commission nor any state or other securities commission has approved or disapproved of these securities or determined if this prospectus supplement and the accompanying prospectus are truthful or complete. Any representation to the contrary is a criminal offense.
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| | Public Offering Price(1) | | | Underwriting Discount | | | Proceeds, Before Expenses, to Us | |
| | Per Note | | | Total | | | Per Note | | | Total | | | Per Note | | | Total | |
5.250% Notes due 2026 | | | 99.910 | % | | $ | 749,325,000 | | | | 0.200 | % | | $ | 1,500,000 | | | | 99.710 | % | | $ | 747,825,000 | |
5.125% Notes due 2028 | | | 99.795 | % | | $ | 748,462,500 | | | | 0.300 | % | | $ | 2,250,000 | | | | 99.495 | % | | $ | 746,212,500 | |
5.200% Notes due 2033 | | | 99.423 | % | | $ | 1,242,787,500 | | | | 0.415 | % | | $ | 5,187,500 | | | | 99.008 | % | | $ | 1,237,600,000 | |
5.500% Notes due 2053 | | | 99.172 | % | | $ | 1,239,650,000 | | | | 0.800 | % | | $ | 10,000,000 | | | | 98.372 | % | | $ | 1,229,650,000 | |
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Total | | | — | | | $ | 3,980,225,000 | | | | — | | | $ | 18,937,500 | | | | — | | | $ | 3,961,287,500 | |
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(1) | Plus accrued interest, if any, from September 15, 2023. |
The notes will be ready for delivery in book-entry form, only through the facilities of The Depository Trust Company for the accounts of its participants, which may include Clearstream Banking, société anonyme, and Euroclear Bank S.A./N.V., as operator of the Euroclear System, against payment in New York, New York, on or about September 15, 2023, which is the third business day following the date of this prospectus supplement (such settlement being referred to as “T+3”). See “Underwriting (Conflicts of Interest).
Joint Book-Running Managers
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BofA Securities | | J.P. Morgan | | Morgan Stanley |
Scotiabank
Co-Managers
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MUFG | | US Bancorp | | Wells Fargo Securities | | Academy Securities | | Siebert Williams Shank |
The date of this prospectus supplement is September 12, 2023.