Revenue and segment information (Tables)

12 Months Ended

Jul. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting

Segment results were as follows:

	For the years ended July 31,
(In millions)	2024	2023	2022
Net sales:
United States	$28,195	$28,291	$27,067
Canada	1,440	1,443	1,499
Total net sales	$29,635	$29,734	$28,566
Adjusted operating profit:
United States	$2,820	$2,892	$2,893
Canada	60	76	112
Central and other costs	(56)	(51)	(54)
Corporate restructurings(1)	(28)	—	(17)
Impairment and other charges(2)	—	(125)	—
Amortization of acquired intangible assets	(144)	(133)	(114)
Interest expense, net	(179)	(184)	(111)
Other expense, net	(9)	(11)	(1)
Income before income taxes	$2,464	$2,464	$2,708

(1)For fiscal 2024, corporate restructuring costs related to incremental costs in connection with the Merger. For fiscal 2022, corporate restructuring costs primarily related to the incremental costs of the Company’s listing in the United States.

(2)See Note 8, Other intangible assets for further information.

An additional disaggregation of net sales by end market for continuing operations is as follows:

	For the years ended July 31,
(In millions)	2024	2023	2022
United States:
Residential	$14,464	$14,820	$14,657
Non-residential:
Commercial	9,431	9,213	8,600
Civil/Infrastructure	2,396	2,344	2,163
Industrial	1,904	1,914	1,647
Total Non-residential	13,731	13,471	12,410
Total United States	28,195	28,291	27,067
Canada	1,440	1,443	1,499
Total net sales	$29,635	$29,734	$28,566

Capital expenditures and depreciation and amortization by segment were as follows:

	For the years ended July 31,
(In millions)	2024	2023	2022
Capital expenditures:
United States	$353	$423	$283
Canada	19	18	7
Total capital expenditures	$372	$441	$290
Depreciation and amortization:
United States	$323	$313	$292
Canada	12	8	9
Total depreciation and amortization(1)	$335	$321	$301
(1) Includes amortization of acquired intangible assets of $144 million, $133 million and $114 million in 2024, 2023 and 2022, respectively. These amounts are not included in segment adjusted operating profit.

Assets by segment included:

	As of July 31,
(In millions)	2024	2023
Assets:
United States	$14,795	$14,167
Canada	898	795
Corporate	879	1,032
Total assets	$16,572	$15,994