Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2024	Jul. 31, 2023
Assets
Cash and cash equivalents	$ 571	$ 601
Accounts receivable, less allowances of $21 and $27, respectively	3,602	3,597
Inventories	4,188	3,898
Prepaid and other current assets	1,020	953
Assets held for sale	29	28
Total current assets	9,410	9,077
Property, plant and equipment, net	1,752	1,595
Operating lease right-of-use assets	1,565	1,474
Deferred income taxes, net	181	300
Goodwill	2,357	2,241
Other intangible assets, net	753	783
Other non-current assets	554	524
Total assets	16,572	15,994
Liabilities and shareholders' equity
Accounts payable	3,410	3,408
Short-term debt	150	55
Current portion of operating lease liabilities	395	366
Share repurchase liability	0	84
Other current liabilities	1,261	1,516
Total current liabilities	5,216	5,429
Long-term debt	3,774	3,711
Long-term portion of operating lease liabilities	1,198	1,126
Other long-term liabilities	768	691
Total liabilities	10,956	10,957
Shareholders’ equity:
Ordinary shares, par value 10 pence: 500,000,000 shares authorized, 232,171,182 shares issued	30	30
Paid-in capital	864	809
Retained earnings	9,589	8,557
Treasury shares, 30,827,929 and 27,893,680 shares, respectively at cost	(3,936)	(3,425)
Employee Benefit Trust, 0 and 274,031 shares, respectively at cost	0	(46)
Accumulated other comprehensive loss	(931)	(888)
Total shareholders' equity	5,616	5,037
Total liabilities and shareholders' equity	$ 16,572	$ 15,994