Debt (Tables)

6 Months Ended

Jan. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt obligations consisted of the following:

	As of
(In millions)	January 31, 2025	July 31, 2024
Variable-rate debt:
Receivables Facility	$575	$250
Term Loan	—	500
Fixed-rate debt:
Private placement notes	700	850
Unsecured senior notes, due April 2027 - April 2032	2,350	2,350
2034 Senior Notes, 5.00% due October 2034	750	—
Subtotal	$4,375	$3,950
Less: current maturities of debt	(400)	(150)
Unamortized discounts and debt issuance costs	(21)	(18)
Interest rate swap - fair value adjustment	(5)	(8)
Total long-term debt	$3,949	$3,774