v3.26.1
Leases (Tables)
 12 Months Ended
Jul. 31, 2026
Leases [Abstract]  
Schedule of Components of lease expense
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 %
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 
Schedule of Future minimum lease payments
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.