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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Cash flows from operating activities:    
Net income $ 470 $ 519
Depreciation and amortization 90 80
Share-based compensation 11 13
Changes in deferred income taxes (1) (3)
Changes in inventories (203) (217)
Changes in receivables and other assets (4) (29)
Changes in accounts payable and other liabilities (169) 27
Changes in income taxes payable 158 166
Other operating activities (7) 1
Net cash provided by operating activities 345 557
Cash flows from investing activities:    
Purchase of businesses acquired, net of cash acquired (22) (12)
Capital expenditures (77) (91)
Other investing activities 0 7
Net cash used in investing activities (99) (96)
Cash flows from financing activities:    
Purchase of treasury shares (256) (108)
Repayments of debt (1,550) (550)
Proceeds from debt 1,621 500
Change in bank overdrafts 4 11
Cash dividends 0 (152)
Other financing activities (33) (14)
Net cash used in financing activities (214) (313)
Change in cash, cash equivalents and restricted cash 32 148
Effects of exchange rate changes (3) (9)
Cash, cash equivalents and restricted cash, beginning of period 625 669
Cash, cash equivalents and restricted cash, end of period 654 808
Supplemental Disclosures:    
Cash paid for income taxes, net 0 9
Cash paid for interest 74 70
Accrued capital expenditures 7 8
Accrued dividends $ 158 $ 152