XML 87 R57.htm IDEA: XBRL DOCUMENT v3.22.2.2
Debt - Narrative (Details)
1 Months Ended 12 Months Ended
Jul. 18, 2022
USD ($)
Nov. 01, 2021
USD ($)
extension
Jun. 30, 2021
series
Jun. 30, 2020
USD ($)
Jul. 31, 2022
USD ($)
Jul. 31, 2021
USD ($)
Jul. 31, 2020
USD ($)
Debt Instrument [Line Items]              
Number of unsecured note series | series     4        
Proceeds from issuance of long-term debt         $ 4,700,000,000 $ 0 $ 1,983,000,000
Interest paid         67,000,000 30,000,000 14,000,000
Total future principal payments for long-term debt         6,914,000,000 2,034,000,000  
Unamortized debt issuance costs         16,000,000 14,000,000  
Line of Credit | Revolving Credit Facility              
Debt Instrument [Line Items]              
Interest paid         0 1,000,000 2,000,000
Unsecured Debt | The Rocket Science Group, LLC (Mailchimp)              
Debt Instrument [Line Items]              
Total future principal payments for long-term debt   $ 4,700,000,000     4,700,000,000    
Unamortized debt issuance costs         5,000,000    
The Notes | Senior Unsecured Notes              
Debt Instrument [Line Items]              
Proceeds from issuance of long-term debt       $ 1,980,000,000      
Debt discount       2,000,000      
Debt issuance costs       $ 15,000,000      
Interest paid         23,000,000 24,000,000  
Repurchase price (in percent)       101.00%      
Amendment To Master Credit Agreement | Term Loan              
Debt Instrument [Line Items]              
Interest paid         42,000,000 2,000,000 9,000,000
Amendment To Master Credit Agreement | Line of Credit              
Debt Instrument [Line Items]              
Aggregate principal amount   $ 5,700,000,000          
Debt instrument, covenant, debt To EBITDA ratio, maximum   3.25          
Debt instrument, covenant, EBITDA to annual interest expense ratio, minimum   3.00          
Amendment To Master Credit Agreement | Line of Credit | Revolving Credit Facility              
Debt Instrument [Line Items]              
Revolving credit facility   $ 1,000,000,000          
Revolving credit facility, increase limit   $ 250,000,000          
Debt instrument, maturity date extension | extension   2          
Fair value of amount outstanding         0    
Amendment To Master Credit Agreement | Line of Credit | Revolving Credit Facility | Base Rate | Minimum              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.00%          
Amendment To Master Credit Agreement | Line of Credit | Revolving Credit Facility | Base Rate | Maximum              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.10%          
Amendment To Master Credit Agreement | Line of Credit | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Minimum              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.69%          
Amendment To Master Credit Agreement | Line of Credit | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum              
Debt Instrument [Line Items]              
Basis spread on variable rate   1.10%          
Amendment To Master Credit Agreement | Unsecured Debt | Term Loan              
Debt Instrument [Line Items]              
Aggregate principal amount   $ 4,700,000,000          
Revolving Credit Facility Due 2026 | Revolving Credit Facility              
Debt Instrument [Line Items]              
Option to increase credit amount   $ 400,000,000          
Unsecured Term Loan Due 2024 | Base Rate | Minimum              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.00%          
Unsecured Term Loan Due 2024 | Base Rate | Maximum              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.125%          
Unsecured Term Loan Due 2024 | SOFR | Minimum              
Debt Instrument [Line Items]              
Basis spread on variable rate   0.625%          
Unsecured Term Loan Due 2024 | SOFR | Maximum              
Debt Instrument [Line Items]              
Basis spread on variable rate   1.125%          
Secured Revolving Credit Facility | Revolving Credit Facility              
Debt Instrument [Line Items]              
Interest paid         2,000,000 3,000,000 $ 3,000,000
Secured Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Subsidiary              
Debt Instrument [Line Items]              
Revolving credit facility $ 500,000,000            
Committed portion of revolving credit facility 300,000,000            
Uncommitted portion of revolving credit facility $ 200,000,000            
Amount outstanding under credit facility         $ 230,000,000 $ 48,000,000  
Weighted-average interest rate         3.96%    
Amounts secured on outstanding balance         $ 615,000,000    
Secured Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Subsidiary | Minimum              
Debt Instrument [Line Items]              
Interest accrual, unused portion 0.25%            
Secured Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Subsidiary | Maximum              
Debt Instrument [Line Items]              
Interest accrual, unused portion 0.75%            
Secured Revolving Credit Facility | Line of Credit | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Subsidiary              
Debt Instrument [Line Items]              
Basis spread on variable rate 1.50%