Description of Business and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jan. 31, 2024

Accounting Policies [Abstract]

Composition of shares used in the computation of basic and diluted net income per share

The following table presents the composition of shares used in the computation of basic and diluted net income per share for the periods indicated.

	Three Months Ended				Six Months Ended
(In millions, except per share amounts)	January 31, 2024		January 31, 2023		January 31, 2024		January 31, 2023
Numerator:
Net income	$	353	$	168	$	594	$	208
Denominator:
Shares used in basic per share amounts:
Weighted-average common shares outstanding	280		281		280		281
Shares used in diluted per share amounts:
Weighted-average common shares outstanding	280		281		280		281
Dilutive common equivalent shares from stock options
and restricted stock awards	4		1		4		2
Dilutive weighted-average common shares outstanding	284		282		284		283
Basic and diluted net income per share:
Basic net income per share	$	1.26	$	0.60	$	2.12	$	0.74
Diluted net income per share	$	1.25	$	0.60	$	2.10	$	0.73
Shares excluded from diluted net income per share:
Weighted-average stock options and restricted stock units that have been excluded from dilutive common equivalent shares outstanding due to their anti-dilutive effect	—		7		1		3