XML 55 R34.htm IDEA: XBRL DOCUMENT v3.25.2
Summary of significant accounting policies (Tables)
12 Months Ended
Jul. 31, 2025
Accounting Policies [Abstract]  
Schedule of Net Advertising Expense
The following table presents net advertising expenses included in SG&A:
For the years ended July 31,
(In millions)202520242023
Net advertising and marketing costs$376 $380 $403 
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows.
As of July 31,
(In millions)202520242023
Cash and cash equivalents$674 $571 $601 
Restricted cash33 54 68 
Total cash, cash equivalents and restricted cash$707 $625 $669 
Schedule of Finite-Lived Intangible Assets
The estimated useful life of the respective intangible assets are as follows: 
Customer relationships
4 – 15 years
Trade names and brands
1 – 15 years
Software
3 – 5 years
Other
1 – 5 years
The Company's major categories of definite-lived intangible assets and the respective weighted average remaining useful lives consisted of the following:
As of July 31, 2025
As of July 31, 2024
(In millions, except remaining useful life)Weighted average remaining useful life (years)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Software2$315 ($252)$300 ($223)
Customer relationships*71,568 (959)1,452 (855)
Tradenames and brands*4279 (246)273 (224)
Other*3223 (202)219 (189)
Total intangible assets$2,385 ($1,659)$2,244 ($1,491)
 * Acquired intangible assets
Schedule of Estimated Useful Lives of Property, Plant and Equipment
Assets are depreciated to their estimated residual value using the straight-line method over their estimated useful lives as follows: 
Owned buildings
20 - 50 years
Leasehold improvementsUp to period of lease
Plant and machinery
10 years
Computer hardware
3 - 5 years
Furniture, fixtures, equipment
5 - 7 years
Vehicles
4 years
Property, plant and equipment consisted of the following:
As of July 31,
(In millions)20252024
Land$399 $388 
Buildings1,206 1,185 
Leasehold improvements719 618 
Plant and machinery1,012 927 
Other equipment173 166 
Property, plant and equipment3,509 3,284 
Less: Accumulated depreciation(1,663)(1,532)
Property, plant and equipment, net$1,846 $1,752 
Schedule of Supplier Finance Program
The rollforward of outstanding obligations confirmed as valid under the supplier finance program is as follows:
For the year ended July 31,
(In millions)2025
Beginning balance$46 
Invoices confirmed during the year390 
Confirmed invoices paid during the year(374)
Ending balance$62