Acquisitions (Tables)

6 Months Ended

Jan. 31, 2025

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 regard to the Company's acquisitions:

(In millions)
Trade and other receivables	$7
Inventories	6
Property, plant and equipment	1
Right of use assets	4
Trade names and brands	1
Customer relationships	32
Other intangible assets	1
Trade and other payables	(2)
Lease liabilities	(4)
Total	46
Goodwill	15
Consideration	$61
Satisfied by:
Cash	$46
Deferred & other consideration	15
Total consideration	$61

Schedule of Businesses Acquired

The net outflow of cash related to business acquisitions is as follows:  

	Six months ended
(In millions)	January 31, 2025
Purchase consideration	$46
Cash, cash equivalents and bank overdrafts acquired	—
Cash consideration paid, net of cash acquired	46
Deferred and contingent consideration(1)	11
Net cash outflow in respect of the purchase of businesses	$57

(1) Included in other financing activities in the Condensed 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:

	Three months ended		Six months ended
	January 31,		January 31,
(In millions)	2025	2024	2025	2024
Pro forma net sales	$6,873	$6,685	$14,654	$14,405