Accumulated impairment loss

[Table of Contents](#if58bf2b7da5f49b78db442640b215d13_7)The following table summarizes our available-for-sale debt securities, included in investments and funds held for customers, classified by the stated maturity date of the security at the dates indicated.

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|   | April 30, 2022 |  | July 31, 2021 |
| (In millions) | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value |
| Due within one year | $ | 220  |  |  | $ | 218  |  |  | $ | 551  |  |  | $ | 553  |  |
| Due within two years | 311  |  |  | 305  |  |  | 550  |  |  | 551  |  |
| Due within three years | 51  |  |  | 49  |  |  | 398  |  |  | 398  |  |
| Due after three years | 1  |  |  | 1  |  |  | 5  |  |  | 6  |  |
| Total available-for-sale debt securities | $ | 583  |  |  | $ | 573  |  |  | $ | 1,504  |  |  | $ | 1,508  |  |

  
The following table summarizes our funds held for customers by investment category at the dates indicated.

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| (In millions) | April 30, 2022 |  | July 31,2021 |  |
| Restricted cash and restricted cash equivalents | $ | 339  |  |  | $ | 257  |  |  |
| Restricted available-for-sale debt securities | 200  |  |  | 200  |  |  |
| Total funds held for customers | $ | 539  |  |  | $ | 457  |  |  |



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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |
| (In millions) | April 30, 2021 |  | July 31,2020 |  |
| Restricted cash and restricted cash equivalents | $ | 148  |  |  | $ | 255  |  |  |
| Restricted available-for-sale debt securities | 200  |  |  | 200  |  |  |
| Total funds held for customers | $ | 348  |  |  | $ | 455  |  |  |



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| 4. Goodwill and Acquired Intangible Assets |



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| Goodwill |

Changes in the carrying value of goodwill by reportable segment during the nine months ended April 30, 2022 were as shown in the following table. Our reportable segments are described in Note 12, “Segment Information.”

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (In millions) |  | Balance July 31, 2021 |  | GoodwillAcquired |  | Foreign Currency Translation |  | Balance April 30, 2022 |
| Small Business & Self-Employed |  | $ | 1,578  |  |  | $ | 8,108  |  |  | $ | (3) |  |  | $ | 9,683  |  |
| Consumer |  | 42  |  |  | 10  |  |  | (1) |  |  | 51  |  |
| Credit Karma |  | 3,898  |  |  | 5  |  |  | (3) |  |  | 3,900  |  |
| ProConnect |  | 95  |  |  | 2  |  |  | —  |  |  | 97  |  |
| Totals |  | $ | 5,613  |  |  | $ | 8,125  |  |  | $ | (7) |  |  | $ | 13,731  |  |

Goodwill is net of accumulated impairment losses of $114 million, which were recorded prior to July 31, 2021 and are included in our Consumer segment. The fiscal 2022 increase in the Small Business & Self-Employed segment was primarily due to the acquisition of Mailchimp. See Note 5, "Business Combinations." 

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|  |  Intuit Q3 Fiscal 2022 Form 10-Q | 17 |  |


