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Revenue and segment information (Tables)
 3 Months Ended
Oct. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting
Segment results were as follows:
Three months ended
October 31,
(In millions)20252024
Net sales:
United States$7,757 $7,369 
Canada412 403 
Total net sales8,169 7,772 
Cost of sales:
United States(5,361)(5,136)
Canada(302)(296)
Operating costs:
United States(1,590)(1,536)
Canada(94)(84)
Adjusted operating profit:
United States806 697 
Canada16 23 
Total segment adjusted operating profit822 720 
Central and other costs(1)
(14)(14)
Corporate restructuring expenses(2)(3)
Amortization of acquired intangible assets(35)(38)
Interest expense, net(46)(46)
Other (expense) income, net(13)5 
Income before income taxes$712 $624 
(1)Primarily includes SG&A, including depreciation expense on long lived assets and software amortization expense that is not related to a segment.
Capital expenditures and depreciation and amortization by segment were as follows:
Three months ended
October 31,
(In millions)20252024
Capital expenditures:
United States$114 $76 
Canada4 1 
Total capital expenditures$118 $77 
Depreciation and amortization:
United States$89 $85 
Canada5 5 
Total depreciation and amortization(1)
$94 $90 
(1) Includes amortization of acquired intangible assets of $35 million and $38 million in the three months ended October 31, 2025 and 2024, respectively. These amounts are not included in segment adjusted operating profit.
Assets by segment included:
As of
(In millions)October 31, 2025July 31, 2025
Assets:
United States$15,914 $15,757 
Canada990 1,008 
Total segment assets16,904 16,765 
Corporate790 964 
Total assets$17,694 $17,729 
Long-lived assets are as follows:
As of
(In millions)October 31, 2025July 31, 2025
Long-lived assets:
United States$1,836 $1,795 
Canada50 51 
Total long-lived assets$1,886 $1,846 
A disaggregation of net sales by customer group in the United States is as follows:
Three months ended
October 31,
20252024
Customer Group
Waterworks25 %23 %
Ferguson Home21 %21 %
Commercial/Mechanical15 %13 %
Residential Trade Plumbing14 %16 %
HVAC11 %13 %
Industrial7 %7 %
Facilities Supply4 %4 %
Fire & Fabrication3 %3 %
Total United States100 %100 %