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Leases
 12 Months Ended
Jul. 31, 2026
Leases [Abstract]  
Leases
9. Leases
We lease office facilities under noncancellable operating lease arrangements. Our facility leases generally provide for periodic rent increases and may contain escalation clauses and renewal options. Our leases have remaining lease terms of up to 16 years, which include options to extend that are reasonably certain of being exercised. Some of our leases include one or more options to extend the lease for up to 10 years per option, which we are not reasonably certain to exercise. The options to extend are generally at rates to be determined in accordance with the agreements. Options to extend the lease are included in the lease liability if they are reasonably certain of being exercised.
We sublease certain office facilities to third parties. These subleases have remaining lease terms of up to 4 years, one of which includes an option to extend the sublease for up to 3 years.
The components of lease expense were as follows:
Twelve Months Ended July 31,
(In millions)202620252024
Operating lease cost (1)
$142 $111 $108 
Variable lease cost25 22 23 
Sublease income(8)(10)(11)
Total net lease cost$159 $123 $120 
(1)    Includes short-term leases, which were not material for the twelve months ended July 31, 2026, 2025, or 2024.
Supplemental cash flow information related to operating leases was as follows:
Twelve Months Ended July 31,
(In millions)202620252024
Cash paid for amounts included in the measurement of operating lease liabilities$124 $101 $89 
Right-of-use assets obtained in exchange for operating lease liabilities$183 $212 $35 
Other information related to operating leases was as follows at the dates indicated:
July 31,
202620252024
Weighted-average remaining lease term for operating leases7.2 years8.1 years7.7 years
Weighted-average discount rate for operating leases4.4 %3.8 %3.3 %
Future minimum lease payments under noncancellable operating leases as of July 31, 2026 were as follows:
(In millions)
Operating
Leases (1)
Fiscal year ending July 31,
2027$112 
2028130 
2029134 
2030124 
2031109 
Thereafter285 
Total future minimum lease payments894 
Less imputed interest(142)
Present value of lease liabilities$752 
(1)    Noncancellable future sublease proceeds as of July 31, 2026 totaled $17 million through July 31, 2031 and are not included in the table above.
Supplemental balance sheet information related to operating leases was as follows at the dates indicated:
July 31,
(In millions)20262025
Operating lease right-of-use assets$609 $541 
Other current liabilities$85 $69 
Operating lease liabilities667 597 
Total operating lease liabilities$752 $666 
As of July 31, 2026, we have additional operating leases with total minimum lease payments of $56 million primarily for office facilities that have not yet commenced and therefore are not reflected on the consolidated balance sheets or in the tables above. These operating leases are expected to commence in fiscal year 2027 with lease terms ranging from five to 10 years.