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

3 Months Ended

Oct. 31, 2024

Accounting Policies [Abstract]

Schedule 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
(In millions, except per share amounts)			October 31, 2024						October 31, 2023
Numerator:


Net income			$	197					$	241

Denominator:
Shares used in basic per share amounts:
Weighted-average common shares outstanding			280						280

Shares used in diluted per share amounts:
Weighted-average common shares outstanding			280						280
Dilutive common equivalent shares from stock options and restricted awards			3						3
Dilutive weighted-average common shares outstanding			283						283

Basic and diluted net income per share:


Basic net income per share			$	0.70					$	0.86



Diluted net income per share			$	0.70					$	0.85

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			—						1