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v3.23.3

Debt (Tables) | 3 Months Ended
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Oct. 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) | October 31, 2023 |  | July 31, 2023 |  | Effective Interest Rate
Senior unsecured notes issued June 2020: |  |  |  |  |
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%
Senior unsecured notes issued September 2023: |  |  |  |  |
5.250% notes due September 2026 | 750 |  |  | — |  |  | 5.367%
5.125% notes due September 2028 | 750 |  |  | — |  |  | 5.221%
5.200% notes due September 2033 | 1,250 |  |  | — |  |  | 5.268%
5.500% notes due September 2053 | 1,250 |  |  | — |  |  | 5.565%
Term loan | — |  |  | 4,200 |  |  |
Secured revolving credit facilities | 430 |  |  | 430 |  |  |
Total principal balance of debt | 5,930 |  |  | 6,130 |  |  |
Unamortized discount and debt issuance costs | (51) |  |  | (10) |  |  |
Net carrying value of debt | $ | 5,879 |  |  | $ | 6,120 |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  |
Long-term debt | $ | 5,879 |  |  | $ | 6,120 |  |  |
Schedule of maturities of long-term debt | Future principal payments for debt at October 31, 2023 were as shown in the table below.
(In millions) |
Fiscal year ending July 31, |
2024 (excluding the three months ended October 31, 2023) | $ | — |
2025 | 500 |
2026 | 430 |
2027 | 1,250 |
2028 | — |
Thereafter | 3,750 |
Total future principal payments for debt | $ | 5,930 |

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