XML 85 R62.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Debt - Narrative (Details)
1 Months Ended 12 Months Ended
Apr. 30, 2024
USD ($)
Feb. 05, 2024
USD ($)
Jul. 18, 2022
USD ($)
Jun. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Jun. 30, 2020
USD ($)
Jul. 31, 2024
USD ($)
Jul. 31, 2023
USD ($)
Jul. 31, 2022
USD ($)
Nov. 01, 2021
USD ($)
Total principal balance of debt                    
Amount outstanding on loan             $ 6,038,000,000 $ 6,120,000,000    
Interest paid             200,000,000 272,000,000 $ 67,000,000  
Fair value of amount outstanding             0      
Line of Credit | Revolving Credit Facility | Subsidiary                    
Total principal balance of debt                    
Amount outstanding under credit facility             585,000,000 430,000,000    
The Notes | Senior Unsecured Notes                    
Total principal balance of debt                    
Proceeds from issuance of long-term debt, net of discount and issuance costs           $ 1,980,000,000        
Debt discount           2,000,000        
Debt issuance costs           $ 15,000,000        
Amount outstanding on loan             1,500,000,000      
Interest paid             20,000,000 23,000,000 23,000,000  
Repurchase price (in percent)           101.00%        
Amendment to Master Credit Agreement | Term loan                    
Total principal balance of debt                    
Interest paid             42,000,000 230,000,000 42,000,000  
Revolving Credit Facility Due 2026 | Unsecured Debt                    
Total principal balance of debt                    
Aggregate principal amount                   $ 1,000,000,000
Unsecured Term Loan Due 2024 | Unsecured Debt                    
Total principal balance of debt                    
Aggregate principal amount                   $ 4,700,000,000
Secured Revolving Credit Facility, 2019 | Revolving Credit Facility                    
Total principal balance of debt                    
Interest paid             20,000,000 16,000,000 $ 2,000,000  
Secured Revolving Credit Facility, 2019 | Line of Credit | Revolving Credit Facility | Subsidiary                    
Total principal balance of debt                    
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             $ 285,000,000      
Weighted-average interest rate             6.99%      
Amounts secured on outstanding balance             $ 1,100,000,000      
Secured Revolving Credit Facility, 2019 | Line of Credit | Revolving Credit Facility | Subsidiary | Minimum                    
Total principal balance of debt                    
Interest accrual, unused portion     0.25%              
Secured Revolving Credit Facility, 2019 | Line of Credit | Revolving Credit Facility | Subsidiary | Maximum                    
Total principal balance of debt                    
Interest accrual, unused portion     0.75%              
Secured Revolving Credit Facility, 2019 | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Subsidiary                    
Total principal balance of debt                    
Basis spread on variable rate     1.50%              
Secured Revolving Credit Facility, 2022 | Line of Credit | Revolving Credit Facility | Subsidiary                    
Total principal balance of debt                    
Interest paid             12,000,000 $ 4,000,000    
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             $ 300,000,000      
Weighted-average interest rate             6.68%      
Secured Revolving Credit Facility, 2022 | Line of Credit | Revolving Credit Facility | Subsidiary | Asset Pledged as Collateral                    
Total principal balance of debt                    
Amounts secured on outstanding balance             $ 832,000,000      
Secured Revolving Credit Facility, 2022 | Line of Credit | Revolving Credit Facility | Subsidiary | Minimum                    
Total principal balance of debt                    
Interest accrual, unused portion 0.20%                  
Secured Revolving Credit Facility, 2022 | Line of Credit | Revolving Credit Facility | Subsidiary | Maximum                    
Total principal balance of debt                    
Interest accrual, unused portion 0.40%                  
Secured Revolving Credit Facility, 2022 | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Subsidiary                    
Total principal balance of debt                    
Basis spread on variable rate 1.30%                  
The 2023 Senior Unsecured Notes                    
Total principal balance of debt                    
Proceeds from issuance of long-term debt, net of discount and issuance costs         $ 3,960,000,000          
Debt discount         20,000,000          
Debt issuance costs         24,000,000          
Amount outstanding on loan         $ 4,000,000,000          
The 2023 Senior Unsecured Notes | Senior Unsecured Notes                    
Total principal balance of debt                    
Interest paid             106,000,000      
Commercial Paper Program | Line of Credit                    
Total principal balance of debt                    
Commercial paper             0      
Commercial Paper Program | Line of Credit | Commercial Paper                    
Total principal balance of debt                    
Revolving credit facility       $ 1,500,000,000            
Maturity of commercial paper       397 days            
2024 Credit Facility | Line of Credit | Revolving Credit Facility                    
Total principal balance of debt                    
Amount outstanding on loan             0      
Interest paid             $ 0      
Revolving credit facility   $ 1,500,000,000                
Option to increase credit amount   $ 1,000,000,000                
Term of option to extend line of credit facility   1 year                
Restrictive covenant, ratio, total gross debt to EBIDTA   4.00                
2024 Credit Facility | Line of Credit | Revolving Credit Facility | Base Rate | Minimum                    
Total principal balance of debt                    
Basis spread on variable rate   0.00%                
2024 Credit Facility | Line of Credit | Revolving Credit Facility | Base Rate | Maximum                    
Total principal balance of debt                    
Basis spread on variable rate   0.125%                
2024 Credit Facility | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Minimum                    
Total principal balance of debt                    
Basis spread on variable rate   0.70%                
2024 Credit Facility | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Maximum                    
Total principal balance of debt                    
Basis spread on variable rate   1.125%                
2024 Credit Facility | Line of Credit | Revolving Credit Facility | Interest Benchmark For Relevant Currency | Minimum                    
Total principal balance of debt                    
Basis spread on variable rate   0.70%                
2024 Credit Facility | Line of Credit | Revolving Credit Facility | Interest Benchmark For Relevant Currency | Maximum                    
Total principal balance of debt                    
Basis spread on variable rate   1.125%                
2024 Credit Facility | Line of Credit | Swingline Loans                    
Total principal balance of debt                    
Revolving credit facility   $ 500,000,000                
2024 Credit Facility | Line of Credit | Letter of Credit                    
Total principal balance of debt                    
Revolving credit facility   $ 250,000,000