Debt (Tables)

12 Months Ended

Jul. 31, 2022

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


	July 31,		July 31,		Effective
(In millions)	2022		2021		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%
Term loan	4,700		—
Secured revolving credit facility	230		48
Total principal balance of long-term debt	6,930		2,048
Unamortized discount and debt issuance costs	(16)		(14)
Total carrying value of long-term debt	$	6,914	$	2,034

Short-term debt	$	499	$	—
Long-term debt	$	6,415	$	2,034

Future principal payments for long-term debt

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


(In millions)
Fiscal year ending July 31,
2023	$	500
2024	—
2025	5,200
2026	230
2027	500
Thereafter	500
Total future principal payments for long-term debt	$	6,930

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details