Acquisitions (Tables)

12 Months Ended

Jul. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation for the assets acquired and liabilities assumed in regards to the Company's respective acquisitions occurring in fiscal 2024 and 2023:

	Acquisitions occurring in fiscal
(In millions)	2024	2023
Cash and cash equivalents	$1	$3
Receivables and other assets	53	134
Inventories	50	180
Property, plant and equipment	6	11
Operating lease right-of-use assets	11	66
Trade name intangible assets	5	9
Customer relationships intangible assets	108	207
Other intangible assets	10	4
Trade and other payables	(41)	(80)
Lease liabilities	(11)	(66)
Deferred tax	(7)	—
Provisions	—	(4)
Other	(2)	—
Total	183	464
Goodwill	124	198
Consideration	$307	$662
Satisfied by:
Cash	$261	$619
Deferred consideration	46	43
Total consideration	$307	$662

Schedule of Business Acquisitions

The net outflow of cash in respect of the purchase of businesses is as follows:  

	For the years ended July 31,
(In millions)	2024	2023
Purchase consideration	$261	$619
Cash, cash equivalents and bank overdrafts acquired	(1)	(3)
Cash consideration paid, net of cash acquired	260	616
Deferred and contingent consideration paid for prior years’ acquisitions(1)	44	34
Net cash outflow in respect of the purchase of businesses	$304	$650

(1) Included in other financing activities in the consolidated statements of cash flows

Schedule of Business Acquisition, Pro Forma Information

If each acquisition had been completed on the first day of the prior fiscal year, the Company’s unaudited pro forma net sales would have been:

	Year ended July 31,
(In millions)	2024	2023
Pro forma net sales for current year acquisitions	$29,902	$30,140

	Year ended July 31,
(In millions)	2023	2022
Pro forma net sales for prior year acquisitions	$30,299	$29,354