XML 47 R30.htm IDEA: XBRL DOCUMENT

Leases (Tables)

9 Months Ended

Apr. 30, 2025

The components of lease expense were as follows:


	Three Months Ended				Nine Months Ended
(In millions)	April 30, 2025		April 30, 2024		April 30, 2025		April 30, 2024
Operating lease cost (1)	$	28	$	25	$	82	$	77

Variable lease cost	5		6		15		18
Sublease income	(2)		(3)		(8)		(9)
Total net lease cost	$	31	$	28	$	89	$	86

(1)Includes short-term leases, which were not material for each of the three and nine months ended April 30, 2025 and 2024.

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


	Nine Months Ended
(In millions)	April 30, 2025		April 30, 2024
Cash paid for amounts included in the measurement of operating lease liabilities	$	78	$	58
Right-of-use assets obtained in exchange for operating lease liabilities	$	210	$	28

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


	April 30, 2025		July 31, 2024
Weighted-average remaining lease term for operating leases	8.3 years		7.7 years
Weighted-average discount rate for operating leases	3.8	%	3.3	%

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


(In millions)	April 30, 2025		July 31, 2024

Operating lease right-of-use assets	$	560	$	411

Other current liabilities	$	67	$	71
Operating lease liabilities	614		458
Total operating lease liabilities	$	681	$	529

Schedule of Future Payments

Future minimum lease payments under non-cancellable operating leases as of April 30, 2025 were as follows:


(In millions)	Operating Leases (1)
Fiscal year ending July 31,
2025 (excluding the nine months ended April 30, 2025)	$	16
2026	85
2027	105
2028	96
2029	100
Thereafter	411
Total future minimum lease payments	813
Less imputed interest	(132)
Present value of lease liabilities	$	681

(1)Non-cancellable future sublease proceeds as of April 30, 2025 totaled $19 million through July 31, 2029 and $3 million thereafter, and are not included in the table above.