Acquisitions (Tables)

9 Months Ended

Apr. 30, 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)
Cash and cash equivalents	$2
Trade and other receivables	35
Inventories	45
Property, plant and equipment	3
Right of use assets	12
Trade names and brands	7
Customer relationships	111
Other intangible assets	6
Trade and other payables	(20)
Lease liabilities	(12)
Total	189
Goodwill	74
Consideration	$263
Satisfied by:
Cash	$244
Deferred & other consideration	19
Total consideration	$263

Schedule of Businesses Acquired

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

	Nine months ended
(In millions)	April 30, 2025
Purchase consideration	$244
Cash, cash equivalents and bank overdrafts acquired	(2)
Cash consideration paid, net of cash acquired	242
Deferred and contingent consideration(1)	33
Net cash outflow in respect of the purchase of businesses	$275

(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		Nine months ended
	April 30,		April 30,
(In millions)	2025	2024	2025	2024
Pro forma net sales	$7,656	$7,373	$22,413	$21,884