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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2015
Income Statement [Abstract]      
Net sales $ 2,371.9 $ 2,220.3 $ 2,371.2
Cost of sales 1,548.8 1,465.5 1,562.6
Gross profit 823.1 754.8 808.6
Selling, general and administrative 439.8 425.1 460.1
Research and development 54.7 55.5 60.2
Operating income 328.6 274.2 288.3
Other income, net (12.9) (3.9) (15.5)
Interest expense 19.5 20.7 15.2
Earnings before income taxes 322.0 257.4 288.6
Income taxes 89.2 66.6 80.5
Net earnings $ 232.8 $ 190.8 $ 208.1
Weighted average shares – basic (in shares) 132.6 133.8 137.8
Weighted average shares – diluted (in shares) 134.1 134.8 139.4
Net earnings per share – basic (in dollars per share) $ 1.76 $ 1.43 $ 1.51
Net earnings per share – diluted (in dollars per share) 1.74 1.42 1.49
Cash dividends paid per share (in dollars per share) $ 0.700 $ 0.685 $ 0.665