Share-based compensation (Tables)

3 Months Ended

Oct. 31, 2025

Share-Based Payment Arrangement [Abstract]

The following table summarizes the share-based incentive awards activity for the three months ended October 31, 2025:


	Number of shares	Weighted average grant date fair value
Outstanding as of July 31, 2025	636,239	$159.58
RSU awards granted	95,641	234.31

PSU-EX granted	34,884	282.98
Share adjustments from modification(1)	193,618	224.13
Share adjustments based on performance	84,585	199.13
Vested	(338,550)	176.54
Forfeited	(7,652)	172.21
Outstanding as of October 31, 2025	698,765	$190.20

(1)In September 2025, the Company’s Compensation Committee used discretion to adjust the payout percentage for certain performance stock awards granted in fiscal 2023 that were not probable of vesting such that they became probable of vesting. This modification resulted in $43 million of share-based compensation expense and impacted approximately 530 grantees.

The following table relates to RSU, PSU and PSU-EX awards activity:


			Three months ended
			October 31,
(In millions, except per share amounts)			2025
Fair value of awards vested			$80
Weighted average grant date fair value per share granted			$247.32

Schedule of Share-Based Compensation Awards

The following table relates to all share-based compensation awards:


	Three months ended
	October 31,
(In millions)	2025	2024
Share-based compensation expense (within SG&A)	$64	$11
Income tax benefit	16	3