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Long-Term Obligations and Commitments (Tables)
9 Months Ended
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 notes2,000 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 payable16 12 
Long-term deferred revenue13 
Other16 17 
Total long-term obligations67 52 
Less current portion (included in other current liabilities)(11)(10)
Long-term obligations due after one year$56 $42