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Debt (Tables)

6 Months Ended

Jan. 31, 2023

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The carrying value of our debt was as follows at the dates indicated:

(In millions)			January 31, 2023						July 31, 2022						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%
Term loan			4,700						4,700
Secured revolving credit facilities			389						230
Total principal balance of debt			7,089						6,930
Unamortized discount and debt issuance costs			(12)						(16)
Net carrying value of debt			$	7,077					$	6,914
Short-term debt			$	501					$	499
Long-term debt			$	6,576					$	6,415

Schedule of maturities of long-term debt

Future principal payments for debt at January 31, 2023 were as shown in the table below.

(In millions)
Fiscal year ending July 31,
2023 (excluding the six months ended January 31, 2023)			$	501
2024			—
2025			5,200
2026			388
2027			500
Thereafter			500
Total future principal payments for debt			$	7,089

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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