The following table summarizes our short-term and long-term financing receivables as of April 30, 2026 and July 31, 2025 (in millions):


	April 30, 2026		July 31, 2025
Short-term financing receivables, gross	$	661	$	806
Unearned income	(65)		(86)
Allowance for credit losses	(5)		(5)
Short-term financing receivables, net	$	591	$	715
Long-term financing receivables, gross	$	834	$	1,079
Unearned income	(47)		(69)
Allowance for credit losses	(8)		(8)
Long-term financing receivables, net	$	779	$	1,002

The following table presents amortized cost basis of our financing receivables categorized by internal risk rating and year of origination (in millions):


Internal Risk Rating(1)	April 30, 2026												July 31, 2025
	Fiscal Year of Origination												Fiscal Year of Origination
	2026		2025		2024		2023		2022		Total		2025		2024		2023		2022		2021		Total
1 to 4	$	95	$	223	$	553	$	126	$	5	$	1,002	$	261	$	732	$	242	$	9	$	18	$	1,262
5 to 6	109		104		120		10		—		343		174		226		50		—		—		450
7 to 10	—		25		9		4		—		38		—		4		14		—		—		18
Amortized cost basis of financing receivables	$	204	$	352	$	682	$	140	$	5	$	1,383	$	435	$	962	$	306	$	9	$	18	$	1,730

(1)Internal risk ratings are categorized as 1 through 10, with the lowest rating representing the highest quality.

There was no significant activity in allowance for credit losses during the three and nine months ended April 30, 2026 and 2025. Past due amounts on financing receivables were not material as of April 30, 2026 and July 31, 2025.

We sold financing receivables of $49 million and $54 million for the three and nine months ended April 30, 2026, respectively, and $28 million and $30 million for the three and nine months ended April 30, 2025, respectively. The associated gains and losses were not material.