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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Apr. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Reconciliation of goodwill
The following is a reconciliation of goodwill by reportable segment for the nine months ended April 30, 2019 (in millions):
 
Engine
Products
 
Industrial
Products
 
Total
Goodwill
Balance as of July 31, 2018
$
84.9

 
$
153.5

 
$
238.4

Goodwill acquired

 
73.6

 
73.6

Foreign exchange translation
(0.4
)
 
(2.8
)
 
(3.2
)
Balance as of April 30, 2019
$
84.5

 
$
224.3

 
$
308.8

Schedule of finite-lived intangible assets
The following is a reconciliation of net intangible asset classes for the nine months ended April 30, 2019 (in millions):
Customer relationships
Gross Carrying Amount
 
Accumulated Amortization
 
Net Intangible Assets
Balance as of July 31, 2018
$
63.0

 
$
(35.7
)
 
$
27.3

Intangibles acquired
38.9

 

 
38.9

Amortization expense

 
(4.2
)
 
(4.2
)
Foreign exchange translation
(0.9
)
 
0.2

 
(0.7
)
Balance as of April 30, 2019
101.0

 
(39.7
)
 
61.3


Patents, trademarks and technology
 
 
 
 
 
Balance as of July 31, 2018
43.7

 
(35.4
)
 
8.3

Intangibles acquired
6.8

 

 
6.8

Amortization expense

 
(1.4
)
 
(1.4
)
Foreign exchange translation
(1.2
)
 
1.1

 
(0.1
)
Balance as of April 30, 2019
49.3

 
(35.7
)
 
13.6

Total intangible assets, net
$
150.3

 
$
(75.4
)
 
$
74.9