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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2023
Cash flows from operating activities:      
Net income $ 1,856 $ 1,735 $ 1,889
Depreciation and amortization 373 335 321
Share-based compensation 28 49 51
Non-cash impact of impairments 0 0 125
Changes in deferred income taxes (39) 125 (104)
Changes in inventories (273) (252) 607
Changes in receivables and other assets (321) (98) (1)
Changes in accounts payable and other liabilities 278 11 (196)
Changes in income taxes payable 7 (45) 24
Other operating activities (1) 13 11
Net cash provided by operating activities of continuing operations 1,908 1,873 2,727
Net cash used in operating activities of discontinued operations 0 0 (4)
Net cash provided by operating activities 1,908 1,873 2,723
Cash flows from investing activities:      
Purchase of businesses acquired, net of cash acquired (301) (260) (616)
Capital expenditures (305) (372) (441)
Other investing activities 63 31 3
Net cash used in investing activities (543) (601) (1,054)
Cash flows from financing activities:      
Purchase of treasury shares (948) (634) (908)
Proceeds from sale of treasury shares 0 17 17
Repayments of debt (4,400) (2,110) (2,930)
Proceeds from debt 4,621 2,255 2,775
Change in bank overdrafts 4 (16) (15)
Cash dividends (489) (784) (711)
Other financing activities (74) (41) (35)
Net cash used in financing activities (1,286) (1,313) (1,807)
Change in cash, cash equivalents and restricted cash 79 (41) (138)
Effects of exchange rate changes 3 (3) 22
Cash, cash equivalents and restricted cash, beginning of period 625 669 785
Cash, cash equivalents and restricted cash, end of period 707 625 669
Supplemental Disclosures:      
Cash paid for income taxes 601 651 656
Cash paid for interest 189 188 182
Accrued capital expenditures 14 6 17
Accrued dividends $ 163 $ 0 $ 152