Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2017	Jul. 31, 2016
Current assets:
Cash and cash equivalents	$ 308.4	$ 243.2
Accounts receivable, less allowance of $8.7 and $8.6, respectively	497.7	452.4
Inventories, net	293.5	234.1
Deferred income taxes		29.0
Prepaids and other current assets	51.4	51.0
Total current assets	1,151.0	1,009.7
Property, plant and equipment, net	484.6	469.8
Goodwill	238.1	229.3
Intangible assets, net	40.6	38.5
Deferred income taxes	30.3
Deferred income taxes		7.8
Other long-term assets	35.1	31.9
Total assets	1,979.7	1,787.0
Current liabilities:
Short-term borrowings	23.3	165.5
Current maturities of long-term debt	50.6	51.2
Trade accounts payable	194.0	143.3
Accrued employee compensation and related taxes	100.0	61.0
Accrued liabilities	31.1	37.5
Other current liabilities	85.1	85.3
Total current liabilities	484.1	543.8
Long-term debt	537.3	350.2
Deferred income taxes	3.6
Deferred income taxes		3.1
Other long-term liabilities	100.2	118.5
Total liabilities	1,125.2	1,015.6
Commitments and contingencies (Note 17)
Shareholders’ equity:
Preferred stock, $1.00 par value, 1,000,000 shares authorized, none issued	0.0	0.0
Common stock, $5.00 par value, 240,000,000 shares authorized, 151,643,194 shares issued	758.2	758.2
Retained earnings	1,041.2	905.1
Non-controlling interest	4.4	4.0
Stock compensation plans	15.7	16.7
Accumulated other comprehensive loss	(157.0)	(205.6)
Treasury stock, 21,037,353 and 18,750,503 shares, respectively, at cost	(808.0)	(707.0)
Total shareholders’ equity	854.5	771.4
Total liabilities and shareholders’ equity	$ 1,979.7	$ 1,787.0