Debt (Tables)

12 Months Ended

Jul. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt obligations consisted of the following:

	As of July 31,
(In millions)	2025	2024
Variable-rate debt:
Receivables Facility	$375	$250
Term Loan	—	500
Private Placement Notes:
3.44% due November 2024	—	150
3.73% due September 2025	400	400
3.51% due November 2026	150	150
3.83% due September 2027	150	150
Unsecured Senior Notes:
4.25% due April 2027	300	300
4.50% due October 2028	750	750
3.25% due June 2030	600	600
4.65% due April 2032	700	700
5.00% due October 2034	750	—
Subtotal	$4,175	$3,950
Less: current maturities of debt	(400)	(150)
Unamortized discounts and debt issuance costs	(19)	(18)
Interest rate swap - fair value adjustment	(4)	(8)
Total long-term debt	$3,752	$3,774

Schedule of Maturities of Long-Term Debt

Debt maturities, excluding of unamortized original issue discounts, unamortized debt issuance costs, fair-value hedge adjustments, and finance lease obligations, for the next five fiscal years and thereafter are as follows:

	As of July 31,
(In millions)	2025
2026	$400
2027	450
2028	525
2029	750
2030	600
Thereafter	1,450
Total	$4,175