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Other Liabilities and Commitments
3 Months Ended
Oct. 31, 2024
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,
2024
July 31,
2024
Executive deferred compensation plan liabilities$229 $207 
Current portion of operating lease liabilities65 71 
Sales, property, and other taxes52 47 
Reserve for returns, credits, and promotional discounts37 40 
Interest payable37 84 
Other116 100 
Total other current liabilities$536 $549 
The balances of several of our other current liabilities, particularly our reserves for 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,
2024
July 31,
2024
Income tax liabilities$159 $157 
Dividends payable
18 19 
Deferred income tax liabilities
11 
Deferred revenue
Other30 25 
Total other long-term obligations$221 $208 
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, 2024. There were no significant changes outside the ordinary course of business in our purchase obligations during the three months ended October 31, 2024.