v3.26.1
Financing Receivables
 12 Months Ended
Jul. 31, 2026
Receivables [Abstract]  
Financing Receivables Financing Receivables
The following table summarizes our short-term and long-term financing receivables (in millions):
July 31,
20262025
Short-term financing receivables, gross
$671 $806 
Unearned income
(74)(86)
Allowance for credit losses
(5)(5)
Short-term financing receivables, net
$592 $715 
Long-term financing receivables, gross
$1,013 $1,079 
Unearned income
(61)(69)
Allowance for credit losses
(8)(8)
Long-term financing receivables, net
$944 $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)
July 31, 2026July 31, 2025
Fiscal Years Ended July 31,Fiscal Years Ended July 31,
20262025202420232022Total20252024202320222021Total
1 to 4$411 $208 $438 $102 $5 $1,164 $261 $732 $242 $9 $18 $1,262 
5 to 6156 92 85 9 — 342 174 226 50 — — 450 
7 to 10— 32 10 1 — 43 — 4 14 — — 18 
Amortized cost basis of financing receivables$567 $332 $533 $112 $5 $1,549 $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.
During the years ended July 31, 2026 and 2025, we sold $54 million and $38 million, respectively, of our financing receivables. The associated gains and losses were not material.
There was no significant activity in allowance for credit losses during the years ended July 31, 2026 and 2025. Past due amounts on financing receivables were not material as of July 31, 2026 and 2025.