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Leases (Tables)
 3 Months Ended
Oct. 31, 2021
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
Three Months Ended
(In millions)October 31, 2021October 31, 2020
Operating lease cost (1)
$21 $15 
Variable lease cost3 3 
Sublease income(5)(4)
Total net lease cost$19 $14 
(1)    Includes short-term leases, which were not significant for each of the three months ended October 31, 2021 and 2020.
Supplemental cash flow information related to operating leases was as follows:
Three Months Ended
(In millions)October 31, 2021October 31, 2020
Cash paid for amounts included in the measurement of operating lease liabilities$24 $14 
Right-of-use assets obtained in exchange for operating lease liabilities$43 $19 
Other information related to operating leases was as follows at the dates indicated:
October 31, 2021July 31,
2021
Weighted-average remaining lease term for operating leases6.9 years6.8 years
Weighted-average discount rate for operating leases2.3 %2.3 %
Supplemental balance sheet information related to operating leases was as follows at the dates indicated:
(In millions)October 31, 2021July 31,
2021
Operating lease right-of-use assets$405 $380 
Other current liabilities$67 $66 
Operating lease liabilities403 380 
Total operating lease liabilities$470 $446 
Future Minimum Lease Payments
Future minimum lease payments under non-cancellable operating leases as of October 31, 2021 were as follows:
(In millions)
Operating
Leases (1)
Fiscal year ending July 31, 
2022 (excluding the three months ended October 31, 2021)$55 
202388 
202484 
202568 
202649 
Thereafter164 
Total future minimum lease payments508 
Less imputed interest(38)
Present value of lease liabilities$470 
(1)    Non-cancellable sublease proceeds for the remainder of the fiscal year ending July 31, 2022 and the fiscal years ending July 31, 2023, 2024, and 2025, of $13 million, $11 million, $8 million, and $4 million, respectively, are not included in the table above.