Debt (Tables)

3 Months Ended

Oct. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt obligations consisted of the following:

	As of
(In millions)	October 31, 2025	July 31, 2025
Variable-rate debt:
Receivables Facility	$—	$375
Fixed-rate debt:
Private placement notes	300	700
Unsecured senior notes, due April 2027 - October 2034	3,100	3,100
2031 Senior Notes, 4.35% due March 2031	750	—
Subtotal	$4,150	$4,175
Less: current maturities of debt	—	(400)
Unamortized discounts and debt issuance costs	(23)	(19)
Interest rate swap - fair value adjustment	(3)	(4)
Total long-term debt	$4,124	$3,752