Debt (Tables)

9 Months Ended

Apr. 30, 2023

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

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

(In millions)	April 30, 2023		July 31, 2022		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%
Term loan	4,200		4,700
Secured revolving credit facilities	421		230
Total principal balance of debt	6,621		6,930
Unamortized discount and debt issuance costs	(11)		(16)
Net carrying value of debt	$	6,610	$	6,914
Short-term debt	$	501	$	499
Long-term debt	$	6,109	$	6,415

Schedule of maturities of long-term debt

Future principal payments for debt at April 30, 2023 were as shown in the table below.

(In millions)
Fiscal year ending July 31,
2023 (excluding the nine months ended April 30, 2023)	$	501
2024	—
2025	4,700
2026	420
2027	500
Thereafter	500
Total future principal payments for debt	$	6,621