| | | | 7. Other Liabilities and Commitments |
| | | Other Current Liabilities |
Other current liabilities were as follows at the dates indicated: | | | | | | | | | | | | | (In millions) | April 30,
2026 | | July 31,
2025 | | Executive deferred compensation plan liabilities | $ | 296 | | | $ | 248 | | | Sales, property, and other taxes | 111 | | | 55 | | | Current portion of operating lease liabilities | 83 | | | 69 | | | Reserve for returns, credits, and promotional discounts | 81 | | | 39 | | | | | | | Interest payable | 37 | | | 85 | | Amounts due for share repurchases | 31 | | | 14 | | | Other | 210 | | | 115 | | | Total other current liabilities | $ | 849 | | | $ | 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) | April 30,
2026 | | July 31,
2025 | | Income tax liabilities | $ | 223 | | | $ | 238 | | | Long-term deferred income tax liabilities | 76 | | | 20 | | | Other | 59 | | | 50 | | | Total other long-term obligations | $ | 358 | | | $ | 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 nine months ended April 30, 2026.
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