Summary of significant accounting policies (Tables)

12 Months Ended

Jul. 31, 2024

Accounting Policies [Abstract]

Schedule of Net Advertising Expense

The following table presents net advertising expenses included in SG&A:

	For the years ended July 31,
(In millions)	2024	2023	2022
Net advertising and marketing costs	$380	$403	$389

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows.

	As of July 31,
(In millions)	2024	2023	2022
Cash and cash equivalents	$571	$601	$771
Restricted cash	54	68	14
Total cash, cash equivalents and restricted cash	$625	$669	$785

Schedule of Finite-Lived Intangible Assets

The estimated useful life of the respective intangible assets are as follows: 

Customer relationships	4 – 15 years
Trade names and brands	1 – 15 years
Software	3 – 5 years
Other	1 – 5 years

The Company's major categories of definite-lived intangible assets and the respective weighted average remaining useful lives consisted of the following:

		As of July 31, 2024		As of July 31, 2023
(In millions, except remaining useful life)	Weighted average remaining useful life (years)	Gross Carrying Amount	Accumulated Amortization	Gross Carrying Amount	Accumulated Amortization
Software	3	$300	($223)	$283	($197)
Customer relationships*	7	1,452	(855)	1,345	(750)
Tradenames and brands*	3	273	(224)	268	(200)
Other*	3	219	(189)	209	(175)
Total intangible assets		$2,244	($1,491)	$2,105	($1,322)
* Acquired intangible assets

Schedule of Estimated Useful Lives of Property, Plant and Equipment

Assets are depreciated to their estimated residual value using the straight-line method over their estimated useful lives as follows: 

Owned buildings	20 - 50 years
Leasehold improvements	Period of lease
Plant and machinery	10 years
Computer hardware	3 - 5 years
Furniture, fixtures, equipment	5 - 7 years
Vehicles	4 years

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