Debt (Tables)

12 Months Ended

Jul. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt obligations consisted of the following:

	As of July 31,
(In millions)	2024	2023
Variable-rate debt:
Receivables Facility	$250	$50
Term Loan	500	500
Private Placement Notes:
3.30% due November 2023	—	55
3.44% due November 2024	150	150
3.73% due September 2025	400	400
3.51% due November 2026	150	150
3.83% due September 2027	150	150
Unsecured Senior Notes:
4.25% due April 2027	300	300
4.50% due October 2028	750	750
3.25% due June 2030	600	600
4.65% due April 2032	700	700
Subtotal	$3,950	$3,805
Less: current maturities of debt	(150)	(55)
Unamortized discounts and debt issuance costs	(18)	(22)
Interest rate swap - fair value adjustment	(8)	(17)
Total long-term debt	$3,774	$3,711

Schedule of Maturities of Long-Term Debt

Debt maturities, exclusive of unamortized original issue discounts, unamortized debt issuance costs, fair-value hedge adjustments, and finance lease obligations, for the next five fiscal years and thereafter are as follows:

	As of July 31,
(In millions)	2024
2025	$150
2026	1,150
2027	450
2028	150
2029	750
Thereafter	1,300
Total	$3,950