Segment and net sales information (Tables)

12 Months Ended

Jul. 31, 2025

Segment results were as follows:


	For the years ended July 31,
(In millions)	2025	2024	2023
Net sales:
United States	$29,269	$28,195	$28,291
Canada	1,493	1,440	1,443
Total net sales	$30,762	$29,635	$29,734

Cost of sales:
United States	(20,238)	(19,528)	(19,650)
Canada	(1,089)	(1,054)	(1,059)


Operating costs:
United States	(6,191)	(5,847)	(5,749)
Canada	(338)	(326)	(308)


Adjusted operating profit:
United States	2,840	2,820	2,892
Canada	66	60	76
Total segment adjusted operating profit	2,906	2,880	2,968

Central and other costs(1)	(64)	(56)	(51)


Restructuring and impairment expenses(2)	(80)	(28)	(125)
Amortization of acquired intangible assets	(156)	(144)	(133)
Interest expense, net	(190)	(179)	(184)
Other expense, net	7	(9)	(11)
Income before income taxes	$2,423	$2,464	$2,464

(1)Primarily includes SG&A, including depreciation expense on long lived assets and software amortization expense that is not related to a segment.

(2)See Note 18, Restructuring and impairment expenses for further information.

Capital expenditures and depreciation and amortization by segment were as follows:


	For the years ended July 31,
(In millions)	2025	2024	2023
Capital expenditures:
United States	$300	$353	$423
Canada	5	19	18

Total capital expenditures	$305	$372	$441

Depreciation and amortization:
United States	$356	$323	$313
Canada	17	12	8

Total depreciation and amortization(1)	$373	$335	$321
(1) Includes amortization of acquired intangible assets of $156 million, $144 million and $133 million in 2025, 2024 and 2023, respectively. These amounts are not included in segment adjusted operating profit.

Assets by segment included:

Long-lived assets are as follows:

A disaggregation of net sales by end market is as follows: