Stock-Based Compensation (Tables)

12 Months Ended

Jul. 31, 2024

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Valuation Assumption Used to Determine Fair Value of Stock-Based Compensation Awards

The fair value of these awards was determined using the following inputs:

	Year Ended July 31,
	2024		2023		2022
Risk-free interest rate	3.8% - 4.6%		3.8% - 4.2%		1.2% - 1.8%
Expected volatility	26.8% - 27.2%		26.8% - 27.5%		26.0% - 27.0%
Expected dividend yield	1.6	%	1.6	%	1.6	%
Expected life:
Director grants	8 years		8 years		8 years
Officer grants	7 years		7 years		7 years
Non-officer grants	7 years		7 years		7 years

Schedule of Stock Option Activity

Option activity was as follows:

	Options	Weighted Average Exercise Price
Balance outstanding as of July 31, 2023	6,777,407	$	47.80
Granted	809,278	59.95
Exercised	(1,372,191)	42.30
Expired/forfeited	(51,438)	54.14
Balance outstanding as of July 31, 2024	6,163,056	$	50.57

Schedule of Outstanding and Exercisable Options

Outstanding and exercisable stock options as of July 31, 2024 were as follows:

Range of Exercise Prices	Number Outstanding	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price		Number Exercisable	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price
$28.00 to $37.99	494,960	1.3	$	29.54	494,960	1.3	$	29.54
$38.00 to $43.99	620,682	2.3	42.25		620,682	2.3	42.25
$44.00 to $49.99	1,255,623	4.9	45.97		1,255,623	4.9	45.97
$50.00 to $55.99	1,538,333	6.8	51.33		977,432	6.0	51.58
$56.00 and above	2,253,458	7.0	59.52		1,156,389	5.5	59.23
	6,163,056	5.6	$	50.57	4,505,086	4.5	$	48.27

Schedule of Status of Options that Contain Vesting Provisions

For the year ended July 31, 2024, activity for non-vested stock options that contain vesting provisions was as follows:

	Options	Weighted Average Grant Date Fair Value
Balance outstanding as of beginning of year	1,783,711	$	14.27
Granted	809,278	19.00
Vested	(893,885)	13.34
Forfeited	(41,134)	16.61
Balance outstanding as of end of year	1,657,970	$	17.02

Schedule of Performance Shares Activity

The weighted average grant date fair value related to the Company’s performance-based awards was as follows:

	Year Ended July 31,
	2024		2023		2022
Weighted average grant date fair value	$	59.66	$	50.89	$	59.40

Performance-based awards for non-vested activity were as follows:

	Performance Shares	Weighted Average Grant Date Fair Value
Balance outstanding as of July 31, 2023	194,761	$	54.46
Granted	114,800	59.66
Vested	(81,661)	59.40
Forfeited	—	—
Balance outstanding as of July 31, 2024	227,900	$	55.31