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Long-Term Obligations and Commitments (Tables)
9 Months Ended
Apr. 30, 2022
Debt Disclosure [Abstract]  
Senior unsecured notes
The carrying value of the Notes was as follows at the dates indicated:
(In millions)April 30,
2022
July 31,
2021
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(12)(14)
Net carrying value senior unsecured notes$1,988 $1,986 
Schedule of maturities of long-term debt
Future principal payments for long-term debt at April 30, 2022 were as shown in the table below.
(In millions)
Fiscal year ending July 31, 
2022 (excluding the nine months ended April 30, 2022)$— 
2023500 
2024170 
20255,200 
2026— 
Thereafter1,000 
Total future principal payments for long-term debt$6,870 
Other long-term obligations
Other long-term obligations were as follows at the dates indicated:
(In millions)April 30,
2022
July 31,
2021
Income tax liabilities$39 $24 
Dividend payable12 
Deferred revenue
Other29 13 
Total other long-term obligations$86 $53