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Fair Value Measurements
 3 Months Ended
Oct. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table summarizes the carrying values and fair values of the Company’s financial instruments that were not carried at fair value in the consolidated balance sheets:
October 31, 2021July 31, 2021
(In thousands)Carrying Value TotalFair Value TotalCarrying Value TotalFair Value Total
Assets
Cash equivalents$1,019,239 $1,019,249 $754,300 $754,304 
Total Assets$1,019,239 $1,019,249 $754,300 $754,304 
Liabilities
Long-term fixed rate debt, including current portion$399,742 $422,386 $399,733 $432,027 
Total Liabilities$399,742 $422,386 $399,733 $432,027 
During the three months ended October 31, 2021, no transfers were made between any levels within the fair value hierarchy. The fair value of the Senior Notes is based on the discounted value of each interest and principal payment calculated utilizing market interest rates of similar types of borrowing arrangements and was classified within Level II of the fair value hierarchy. See Note 1 – Summary of Significant Accounting Policies, and Note 6 – Long-Term Debt.