| Summary of Borrowings |
The following table summarizes our borrowings as of July 31, 2025: | | | | | | | | | | | | | | | | | Effective Interest Rate | | Amount (in thousands) | Fixed-rate 4.550% Senior Notes due on April 1, 2027 | | 4.840 | % | | $ | 1,000,000 | | Fixed-rate 4.650% Senior Notes due on April 1, 2028 | | 4.850 | % | | 1,000,000 | | Fixed-rate 4.850% Senior Notes due on April 1, 2030 | | 4.980 | % | | 2,000,000 | | Fixed-rate 5.000% Senior Notes due on April 1, 2032 | | 5.150 | % | | 1,500,000 | | Fixed-rate 5.150% Senior Notes due on April 1, 2035 | | 5.270 | % | | 2,400,000 | | Fixed-rate 5.700% Senior Notes due on April 1, 2055 | | 5.800 | % | | 2,100,000 | | Term Loan due on July 17, 2027 | | 5.670 | % | | 1,450,000 | | Term Loan due on July 17, 2028 | | 5.770 | % | | 2,850,000 | | | Total | | | | 14,300,000 | | Unamortized discount and issuance costs | | | | (94,474) | | Total Senior Notes and Term Loan | | | | 14,205,526 | | Deferred payment on settlement of interest rate treasury lock | | | | 121,643 | | Other borrowings | | | | 12,964 | | Total | | | | $ | 14,340,133 | | Reported as: | | | | | Short-term debt | | | | $ | 22,117 | | | Long-term debt | | | | 14,318,016 | | | Total | | | | $ | 14,340,133 | |
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| Schedule of Future Principal Payments of Debt |
The future principal payments of debt as of July 31, 2025 are as follows: | | | | | | | Principal Payments | | Fiscal year | (in thousands) | | Remainder of fiscal 2025 | $ | 11,058 | | | 2026 | 24,710 | | | 2027 | 2,474,710 | | | 2028 | 3,874,710 | | | 2029 | 24,710 | | | 2030 and thereafter | 8,024,709 | | | Total | $ | 14,434,607 | |
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