Subsequent Events |
12 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events On August 3, 2026, the Company completed the acquisition of the PSS business through the purchase of all related equity interests. The acquisition includes PSS’s global manufacturing operations for integrated mobile computing, scanning, and printing, supported by its software solutions and service operations. The cash purchase price was $1.4 billion, subject to customary post-closing adjustments. The acquisition was funded through a combination of cash on hand, $800 million of borrowings under the Company’s $1.0 billion credit agreement, and proceeds from the $800 million private placement of senior notes described below. The excess proceeds were designated for general corporate purposes. As of the issuance date of these consolidated financial statements, the initial accounting for the acquisition for the PSS business was incomplete. Due to the proximity of the acquisition date to the issuance date of these consolidated financial statements, the Company has not completed the valuation of the assets acquired and liabilities assumed and is therefore unable to disclose the preliminary purchase price allocation, including the amounts assigned to the major classes of assets acquired, liabilities assumed, goodwill, or the supplemental unaudited pro forma information. The financial results of the PSS business will be integrated into the Company’s consolidated financial statements starting from August 3, 2026 and will be included in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2026. On August 3, 2026, the Company completed a private placement of $250 million aggregate principal amount of 5.43% Senior Notes, Series A, due August 3, 2031 (the “Series A Notes”), $300 million aggregate principal amount of 5.65% Senior Notes, Series B, due August 3, 2033 (the “Series B Notes”), and $250 million aggregate principal amount of 5.90% Senior Notes, Series C, due August 3, 2036 (the “Series C Notes”) and, together with the Series A Notes and the Series B Notes, the “Senior Notes”), in each case pursuant to a Note Purchase Agreement with the purchasers party thereto. The Senior Notes are senior unsecured obligations of the Company and are guaranteed by certain of the Company’s wholly-owned domestic subsidiaries. A portion of the proceeds of the Senior Notes were used to finance the PSS acquisition and related fees and expenses, with the remaining proceeds available for general corporate purposes. On September 2, 2026, the Company announced an increase in the annual dividend to shareholders of the Company’s Class A Common Stock, from $0.98 to $1.00 per share. A quarterly dividend of $0.25 will be paid on October 30, 2026, to shareholders of record at the close of business on October 9, 2026. This dividend represents an increase of 2.0% and is the 41st consecutive annual increase in dividends.
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