Long-Term Obligations and Commitments (Tables)

3 Months Ended

Oct. 31, 2021

Debt Disclosure [Abstract]

Senior unsecured notes

The carrying value of the Notes was as follows at the dates indicated:

(In millions)	October 31, 2021		July 31, 2021		Effective Interest Rate
Senior unsecured notes issued June 2020:
0.650% notes due July 2023	$	500	$	500	0.837%
0.950% notes due July 2025	500		500		1.127%
1.350% notes due July 2027	500		500		1.486%
1.650% notes due July 2030	500		500		1.767%
Total senior unsecured notes	2,000		2,000
Unamortized discount and debt issuance costs	(13)		(14)
Net carrying value senior unsecured notes	$	1,987	$	1,986

Other long-term obligations

Other long-term obligations were as follows at the dates indicated:

(In millions)	October 31, 2021		July 31, 2021
Income tax liabilities	$	24	$	24
Dividend payable	9		8
Deferred revenue	6		8
Other	12		13
Total long-term obligations	$	51	$	53