Other Liabilities and Commitments

3 Months Ended

Oct. 31, 2025

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, 2025		July 31, 2025
Executive deferred compensation plan liabilities	$	284	$	248
Current portion of operating lease liabilities	78		69
Sales, property, and other taxes	66		55
Reserve for returns, credits, and promotional discounts	39		39
Interest payable	37		85
Other	154		129
Total other current liabilities	$	658	$	625

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, 2025		July 31, 2025
Income tax liabilities	$	248	$	238
Other	68		70
Total other long-term obligations	$	316	$	308

Unconditional Purchase Obligations

We describe our unconditional purchase obligations in Note 8 to the financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2025. There were no significant changes outside the ordinary course of business in our purchase obligations during the three months ended October 31, 2025.