Other Liabilities and Commitments

3 Months Ended

Oct. 31, 2023

Other Liabilities Disclosure [Abstract]

Other Liabilities and Commitments

7. Other Liabilities and Commitments

Other Current Liabilities

Other current liabilities were as follows at the dates indicated:

(In millions)	October 31, 2023		July 31, 2023
Executive deferred compensation plan liabilities	$	172	$	171
Current portion of operating lease liabilities	84		89
Sales, property, and other taxes	54		45
Interest payable	35		12
Reserve for returns, credits, and promotional discounts	32		32
Amounts due for share repurchases	27		10
Other	102		89
Total other current liabilities	$	506	$	448

The balances of several of our other current liabilities, particularly our reserves for product returns, credits, and promotional discounts, are affected by the seasonality of our business. See Note 1, “Description of Business and Summary of Significant Accounting Policies – Seasonality,” for more information.

Other Long-Term Obligations

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

(In millions)	October 31, 2023		July 31, 2023
Income tax liabilities	$	101	$	76
Dividend payable	17		16
Deferred revenue	4		5
Other	22		20
Total other long-term obligations	$	144	$	117

Unconditional Purchase Obligations

We describe our unconditional purchase obligations in Note 9 to the financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2023. There were no significant changes outside the ordinary course of business in our purchase obligations during the three months ended October 31, 2023.