v3.24.3
Financing Receivables (Tables)
 3 Months Ended
Oct. 31, 2024
Receivables [Abstract]  
Schedule of short and long-term financing receivables
The following table summarizes our short-term and long-term financing receivables as of October 31, 2024 and July 31, 2024 (in millions):
October 31, 2024July 31, 2024
Short-term financing receivables, gross$911.6 $830.2 
Unearned income
(99.0)(95.7)
Allowance for credit losses(7.5)(8.6)
Short-term financing receivables, net$805.1 $725.9 
Long-term financing receivables, gross$1,191.5 $1,286.4 
Unearned income
(91.4)(94.6)
Allowance for credit losses(7.9)(9.7)
Long-term financing receivables, net$1,092.2 $1,182.1 
The following table presents amortized cost basis of our financing receivables categorized by internal risk rating and year of origination (in millions):
Schedule of financing receivable credit quality indicators
Internal Risk Rating(1)
October 31, 2024July 31, 2024
Fiscal Year of Origination
Fiscal Year of Origination
20252024202320222021Total2024202320222021Total
1 to 4
$7.4 $916.1 $387.5 $9.9 $26.7 $1,347.6 $885.9 $477.3 $14.7 $44.4 $1,422.3 
5 to 6
43.7 330.1 152.3 3.1 1.1 530.3 272.2 172.0 21.1 1.1 466.4 
7 to 10
0.1 2.2 22.9 0.3 9.3 34.8 3.2 25.0 0.3 9.1 37.6 
Amortized cost basis of financing receivables
$51.2 $1,248.4 $562.7 $13.3 $37.1 $1,912.7 $1,161.3 $674.3 $36.1 $54.6 $1,926.3 
(1)Internal risk ratings are categorized as 1 through 10, with the lowest rating representing the highest quality.