Intuit Inc. (INTU)

Capitalization of Interest Expense

Intuit capitalizes 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. Intuit amortizes 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.

Source: 10-K (filing date: 2019-08-30).

Intuit Inc., balance sheet: debt

US$ in millions

		Jul 31, 2019	Jul 31, 2018	Jul 31, 2017	Jul 31, 2016	Jul 31, 2015	Jul 31, 2014
	Short-term debt
	Long-term debt
	Total debt (carrying amount)

Based on: 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01), 10-K (filing date: 2015-09-01), 10-K (filing date: 2014-09-12).

	Jul 31, 2019
Selected Financial Data (US$ in millions)
Short-term debt
Long-term debt
Total debt (fair value)
Financial Ratio
Debt, fair value to carrying amount ratio

Based on: 10-K (filing date: 2019-08-30).

Weighted-average interest rate on debt:

Interest Rate	Debt Amount1	Interest Rate × Debt Amount	Weighted-average Interest Rate2
Total

Based on: 10-K (filing date: 2019-08-30).