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Long-Term Obligations and Commitments (Tables) | 9 Months Ended
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Apr. 30, 2021
Debt Disclosure [Abstract] |
Senior unsecured notes | The carrying value of the Notes was as follows at the dates indicated:
(In millions) | April 30, 2021 |  | July 31, 2020 |  | Effective Interest Rate
Senior unsecured notes issued June 2020: |  |  |  |  |
0.650% notes due July 2023 | $ | 500 |  |  | $ | 500 |  |  | 0.837%
0.950% notes due July 2025 | 500 |  |  | 500 |  |  | 1.127%
1.350% notes due July 2027 | 500 |  |  | 500 |  |  | 1.486%
1.650% notes due July 2030 | 500 |  |  | 500 |  |  | 1.767%
Total senior unsecured notes | 2,000 |  |  | 2,000 |  |  |
Unamortized discount and debt issuance costs | (15) |  |  | (17) |  |  |
Net carrying value senior unsecured notes | $ | 1,985 |  |  | $ | 1,983 |  |  |
Other long-term obligations | Other long-term obligations were as follows at the dates indicated:
(In millions) | April 30, 2021 |  | July 31, 2020
Long-term income tax liabilities | $ | 28 |  |  | $ | 10 |
Total dividend payable | 16 |  |  | 12 |
Long-term deferred revenue | 7 |  |  | 13 |
Other | 16 |  |  | 17 |
Total long-term obligations | 67 |  |  | 52 |
Less current portion (included in other current liabilities) | (11) |  |  | (10) |
Long-term obligations due after one year | $ | 56 |  |  | $ | 42 |

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