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Debt (Tables)
 6 Months Ended
Jan. 31, 2024
Debt Disclosure [Abstract]  
Schedule of long-term debt instruments
The carrying value of our debt was as follows at the dates indicated:
(Dollars in millions)
January 31,
2024		July 31,
2023		Effective
Interest Rate
Senior unsecured notes issued June 2020:
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%
Senior unsecured notes issued September 2023:
5.250% notes due September 2026
750 — 5.367%
5.125% notes due September 2028
750 — 5.221%
5.200% notes due September 2033
1,250 — 5.268%
5.500% notes due September 2053
1,250 — 5.565%
Term loan— 4,200 
Secured revolving credit facilities500 430 
Total principal balance of debt6,000 6,130 
Unamortized discount and debt issuance costs(50)(10)
Net carrying value of debt$5,950 $6,120 
Short-term debt$— $— 
Long-term debt$5,950 $6,120 
Schedule of maturities of long-term debt
Future principal payments for debt at January 31, 2024 were as shown in the table below.
(In millions)
Fiscal year ending July 31, 
2024 (excluding the six months ended January 31, 2024)$— 
2025500 
2026500 
20271,250 
2028— 
Thereafter3,750 
Total future principal payments for debt$6,000