Other Liabilities and Commitments

6 Months Ended

Jan. 31, 2024

Other Liabilities Disclosure [Abstract]

Other Liabilities and Commitments

7. Other Liabilities and Commitments

Other Current Liabilities

Other current liabilities were as follows at the dates indicated:

(In millions)	January 31, 2024		July 31, 2023
Executive deferred compensation plan liabilities	$	185	$	171
Reserve for returns, credits, and promotional discounts	101		32
Interest payable	84		12
Current portion of operating lease liabilities	81		89
Sales, property, and other taxes	57		45
Other	94		99
Total other current liabilities	$	602	$	448

The balances of several of our other current liabilities, particularly our reserves for product returns, credits, and promotional discounts, are affected by the seasonality of our business. See Note 1, “Description of Business and Summary of Significant Accounting Policies – Seasonality,” for more information.

Other Long-Term Obligations

Other long-term obligations were as follows at the dates indicated:

(In millions)	January 31, 2024		July 31, 2023
Income tax liabilities	$	86	$	76
Dividends payable	18		16
Deferred revenue	3		5
Other	31		20
Total other long-term obligations	$	138	$	117

Unconditional Purchase Obligations

We describe our unconditional purchase obligations in Note 9 to the financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2023. There were no significant changes outside the ordinary course of business in our purchase obligations during the six months ended January 31, 2024.