Debt (Tables)

12 Months Ended

Jul. 31, 2023

The carrying value of our debt was as follows at the dates indicated:


	July 31,		July 31,		Effective
(In millions)	2023		2022		Interest Rate
Senior unsecured notes issued June 2020:
0.650% notes due July 2023	$	—	$	500	0.837%
0.950% notes due July 2025	500		500		1.127%
1.350% notes due July 2027	500		500		1.486%
1.650% notes due July 2030	500		500		1.767%
Term loan	4,200		4,700
Secured revolving credit facilities	430		230
Total principal balance of debt	6,130		6,930
Unamortized discount and debt issuance costs	(10)		(16)
Net carrying value of debt	$	6,120	$	6,914

Short-term debt	$	—	$	499
Long-term debt	$	6,120	$	6,415

Future principal payments for long-term debt

Future principal payments for debt at July 31, 2023 were as shown in the table below.


(In millions)
Fiscal year ending July 31,
2024	$	—
2025	4,700
2026	430
2027	500
2028	—
Thereafter	500
Total future principal payments for debt	$	6,130

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details