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Other Liabilities and Commitments | 6 Months Ended
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Jan. 31, 2025
Other Liabilities Disclosure [Abstract] |
Other Liabilities and Commitments |
7. Other Liabilities and Commitments
Other Current Liabilities
Other current liabilities were as follows at the dates indicated:
(In millions) | January 31, 2025 |  | July 31, 2024
Executive deferred compensation plan liabilities | $ | 230 |  |  | $ | 207 |
Interest payable | 85 |  |  | 84 |
Reserve for returns, credits, and promotional discounts | 81 |  |  | 40 |
Current portion of operating lease liabilities | 59 |  |  | 71 |
Sales, property, and other taxes | 59 |  |  | 47 |
Income taxes payable | 30 |  |  | 8 |
Other | 115 |  |  | 100 |
Total other current liabilities | $ | 659 |  |  | $ | 557 |
The balances of several of our other current liabilities, particularly our reserves for returns, credits, and promotional discounts, are affected by the seasonality of our business. See Note 1, “Description of Business and Summary of Significant Accounting Policies – Seasonality,” for more information.
Other Long-Term Obligations
Other long-term obligations were as follows at the dates indicated:
(In millions) | January 31, 2025 |  | July 31, 2024
Income tax liabilities | $ | 159 |  |  | $ | 157 |
Dividends payable | 19 |  |  | 19 |
Deferred income tax liabilities | 10 |  |  | 3 |
Deferred revenue | 3 |  |  | 4 |
Other | 30 |  |  | 25 |
Total other long-term obligations | $ | 221 |  |  | $ | 208 |
Unconditional Purchase Obligations
We describe our unconditional purchase obligations in Note 9 to the financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2024. In December 2024, we amended an existing cloud services agreement to extend the term through 2032. Under the amended agreement, we have an annual minimum purchase commitment that ranges from $256 million to $411 million per contract year, and a total minimum purchase commitment of $3.5 billion over the eight-year term. There were no other significant changes outside the ordinary course of business in our purchase obligations during the six months ended January 31, 2025.

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