Long-Term Obligations and Commitments (Tables)

6 Months Ended

Jan. 31, 2022

Debt Disclosure [Abstract]

Senior unsecured notes

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

(In millions)	January 31, 2022		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	(12)		(14)
Net carrying value senior unsecured notes	$	1,988	$	1,986

Schedule of maturities of long-term debt

Future principal payments for long-term debt at January 31, 2022 were as shown in the table below.

(In millions)
Fiscal year ending July 31,
2022 (excluding the six months ended January 31, 2022)	$	—
2023	500
2024	50
2025	5,200
2026	—
Thereafter	1,000
Total future principal payments for long-term debt	$	6,750

Other long-term obligations

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

(In millions)	January 31, 2022		July 31, 2021
Income tax liabilities	$	25	$	24
Dividend payable	11		8
Deferred revenue	5		8
Other	32		13
Total other long-term obligations	$	73	$	53