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Leases (Tables)

6 Months Ended

Jan. 31, 2025

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense were as follows:

			Three Months Ended												Six Months Ended
(In millions)			January 31, 2025						January 31, 2024						January 31, 2025						January 31, 2024
Operating lease cost (1)			$	25					$	26					$	54					$	52
Variable lease cost			5						6						10						12
Sublease income			(3)						(3)						(6)						(6)
Total net lease cost			$	27					$	29					$	58					$	58

(1)    Includes short-term leases, which were not material for each of the three and six months ended January 31, 2025 and 2024.

Supplemental cash flow information related to operating leases was as follows:

			Six Months Ended
(In millions)			January 31, 2025						January 31, 2024
Cash paid for amounts included in the measurement of operating lease liabilities			$	57					$	42
Right-of-use assets obtained in exchange for operating lease liabilities			$	151					$	22

Other information related to operating leases was as follows at the dates indicated:

			January 31, 2025						July 31, 2024
Weighted-average remaining lease term for operating leases			8.2 years						7.7 years
Weighted-average discount rate for operating leases			3.7		%				3.3		%

Supplemental balance sheet information related to operating leases was as follows at the dates indicated:

(In millions)			January 31, 2025						July 31, 2024
Operating lease right-of-use assets			$	518					$	411
Other current liabilities			$	59					$	71
Operating lease liabilities			573						458
Total operating lease liabilities			$	632					$	529

Schedule of Future Payments

Future minimum lease payments under non-cancellable operating leases as of January 31, 2025 were as follows:

(In millions)			Operating Leases (1)
Fiscal year ending July 31,
2025 (excluding the six months ended January 31, 2025)			$	29
2026			97
2027			95
2028			88
2029			91
Thereafter			346
Total future minimum lease payments			746
Less imputed interest			(114)
Present value of lease liabilities			$	632

(1)    Non-cancellable sublease proceeds for the remainder of the fiscal year ending July 31, 2025 and the fiscal years ending July 31, 2026, 2027, 2028, 2029, and thereafter of $2 million, $4 million, $4 million, $3 million, $3 million, and $3 million, respectively, are not included in the table above.

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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