v3.26.1
Debt (Tables)
12 Months Ended
Jul. 31, 2026
Debt Disclosure [Abstract]  
Schedule of carrying value of debt
The following table summarizes the carrying value of our debt at the dates indicated:
EffectiveJuly 31,July 31,
(Dollars in millions)Issuance DateInterest Rate20262025
5.250%, 2023 Notes due September 2026
September 20235.325%$750 $750 
1.350%, 2020 Notes due July 2027
June 20201.486%500 500 
5.125%, 2023 Notes due September 2028
September 20235.258%750 750 
1.650%, 2020 Notes due July 2030
June 2020
1.767%500 500 
4.950%, 2026 Notes due June 2031
June 2026
5.083%750 — 
5.200%, 2023 Notes due September 2033
September 20235.312%1,250 1,250 
5.500%, 2026 Notes due June 2036
June 20265.620%1,000 — 
5.500%, 2023 Notes due September 2053
September 20235.576%1,250 1,250 
Total senior unsecured notes6,750 5,000 
Secured revolving credit facilities970 1,014 
Total principal balance of debt7,720 6,014 
Unamortized discount and debt issuance costs(51)(41)
Net carrying value of debt$7,669 $5,973 
Short-term debt$1,249 $— 
Long-term debt$6,420 $5,973 
Schedule of future principal payments for long-term debt
The following table summarizes the future principal payments for debt at July 31, 2026:
(In millions)
Fiscal year ending July 31,
2027$1,250 
2028400 
20291,100 
2030720 
2031750 
Thereafter3,500 
Total future principal payments for debt$7,720 
Schedule of line of credit facilities
The following table summarizes details of the secured revolving credit facilities:
StatedUnused
Termination Date
Maturity Date
Interest Rate
Commitment Fee
Interest Rate1
2019 Secured Facility
August 2027August 2028
SOFR + 1.35%
0.25% to 0.75%
5.01%
2022 Secured Facility
April 2027May 2028
SOFR + 1.10%
0.20% to 0.40%
4.76%
2024 Secured Facility
November 2028November 2029
SOFR + 1.15%
0.20% to 0.40%
5.19%
(1)    The presented interest rates reflect the stated interest rate in effect for each of our secured revolving credit facilities as of July 31, 2026 and include any applicable unused commitment fee on the unused portions of the committed facilities.
The following table summarizes each facility’s limits as of July 31, 2026 and the outstanding principal balances of the secured revolving credit facilities, which are liabilities of the SPVs, as of the dates indicated:
UncommittedCommittedTotalOutstanding Principal Balance
(Dollars in millions)Facility LimitFacility LimitFacility LimitJuly 31, 2026July 31, 2025
2019 Secured Facility$200 $300 $500 $350 $440 
2022 Secured Facility100 400 500 400 300 
2024 Secured Facility— 500 500 220 274 
Total secured revolving credit facilities:$300 $1,200 $1,500 $970 $1,014