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Leases (Tables)
12 Months Ended
Jul. 31, 2025
Leases [Abstract]  
Components of lease expense
The components of lease expense were as follows:
Twelve Months Ended July 31,
(In millions)202520242023
Operating lease cost (1)
$111 $108 $124 
Variable lease cost22 23 20 
Sublease income(10)(11)(12)
Total net lease cost$123 $120 $132 
(1)    Includes short-term leases, which were not material for the twelve months ended July 31, 2025, 2024, or 2023.
Supplemental cash flow information related to operating leases was as follows:
Twelve Months Ended July 31,
(In millions)202520242023
Cash paid for amounts included in the measurement of operating lease liabilities$101 $89 $107 
Right-of-use assets obtained in exchange for operating lease liabilities$212 $35 $28 
Other information related to operating leases was as follows at the dates indicated:
July 31,
202520242023
Weighted-average remaining lease term for operating leases8.1 years7.7 years7.9 years
Weighted-average discount rate for operating leases3.8 %3.3 %3.0 %
Supplemental balance sheet information related to operating leases was as follows at the dates indicated:
July 31,
(In millions)20252024
Operating lease right-of-use assets$541 $411 
Other current liabilities$69 $71 
Operating lease liabilities597 458 
Total operating lease liabilities$666 $529 
Future minimum lease payments
Future minimum lease payments under non-cancellable operating leases as of July 31, 2025 were as follows:
(In millions)
Operating
Leases (1)
Fiscal year ending July 31, 
2026$78 
2027105 
202897 
2029100 
203098 
Thereafter314 
Total future minimum lease payments792 
Less imputed interest(126)
Present value of lease liabilities$666 
(1)    Non-cancellable future sublease proceeds as of July 31, 2025 totaled $22 million through July 31, 2030 and $1 million thereafter, and are not included in the table above.