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Income tax - Schedule of Reconciliation of Income Tax Expense (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2023
Income Tax Disclosure [Abstract]        
Provision for income taxes at US and UK statutory rate   $ 509 $ 616 $ 518
Provision for income taxes at US and UK statutory rate (percent)   21.00% 25.00% 21.00%
State and local income tax net of federal income tax benefit   $ 92    
State and local income tax net of federal income tax benefit (percent)   3.80%    
Non-U.K. tax rate differentials   $ 8 $ (30) $ 68
Non-UK tax rate differentials (percent)   0.30% (1.20%) 2.80%
Impact of change in reserves   $ (21) $ 12 $ 8
Impact of change in reserves (percent)   (0.90%) 0.50% 0.30%
US business tax credits   $ (11) $ (8) $ (15)
US business tax credits (percent)   (0.40%) (0.30%) (0.60%)
Impact of merger transaction     $ 144 $ 0
Impact of merger transaction (percent)     5.80% 0.00%
Non-taxable income   $ (10) $ (13) $ (6)
Non-taxable income (percent)   (0.40%) (0.50%) (0.20%)
Other     $ 8 $ 2
Other (percent)     0.30% 0.00%
Provision for income taxes   $ 567 $ 729 $ 575
Income tax expense (percent)   23.40% 29.60% 23.30%
Non-cash deferred tax charges $ 137      
Reversal of tax losses deemed worthless 90      
Change in valuation allowance $ 47