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Fair Value Measurements
 3 Months Ended
Oct. 31, 2025
Fair Value Disclosures [Abstract]  
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, 2025

 

 

July 31, 2025

 

(In thousands)

 

Carrying
Value Total

 

 

Fair
Value Total

 

 

Carrying
Value Total

 

 

Fair
Value Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

4,896,837

 

 

$

4,905,968

 

 

$

2,196,593

 

 

$

2,204,512

 

Investment in held to maturity securities

 

 

9,861

 

 

 

9,984

 

 

 

2,008,539

 

 

 

2,024,114

 

Total Assets

 

$

4,906,698

 

 

$

4,915,952

 

 

$

4,205,132

 

 

$

4,228,626

 

 

The Company has investments in U.S. Treasury Bills some of which mature over a period greater than 90 days and are classified as short-term investments. The U.S. Treasury Bills are carried at amortized cost and classified as held to maturity as the Company has the intent and the ability to hold them until they mature. The carrying value of the U.S. Treasury Bills are adjusted for accretion of discounts over the remaining life of the investment. Income related to the Treasury Bills is recognized in interest income in the Company’s consolidated statement of income. The U.S. Treasury Bills are classified within Level I of the fair value hierarchy.

During the three months ended October 31, 2025, no transfers were made between any levels within the fair value hierarchy.