Property, plant and equipment

12 Months Ended

Jul. 31, 2024

Property, Plant and Equipment [Abstract]

Property, plant and equipment

Note 5. Property, plant and equipment

Property, plant and equipment consisted of the following:

	As of July 31,
(In millions)	2024	2023
Land	$388	$348
Buildings	1,185	1,134
Leasehold improvements	618	529
Plant and machinery	927	834
Other equipment	166	156
Property, plant and equipment	3,284	3,001
Less: Accumulated depreciation	(1,532)	(1,406)
Property, plant and equipment, net	$1,752	$1,595

Depreciation related to property, plant and equipment included in operating costs for fiscal 2024 was $162 million (2023: $148 million and 2022: $140 million).