Income Taxes (Notes)

6 Months Ended

Jan. 31, 2022

Income Tax Disclosure [Abstract]

Income Tax Disclosure

Income Taxes

The income tax rate for the three and six months ended January 31, 2022, was 19.6% and 20.6%, respectively. The Company expects its ongoing annual income tax rate to be approximately 20% based on its current global business mix and based on tax laws and statutory tax rates currently in effect.

The income tax rate for the three and six months ended January 31, 2021, was 20.8% and 20.6%, respectively.