CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 30, 2019	Jul. 31, 2018
Current assets:
Cash and cash equivalents	$ 203.8	$ 204.7
Accounts receivable, less allowance of $5.7 and $8.3, respectively	534.3	534.6
Inventories, net	359.5	334.1
Prepaid expenses and other current assets	76.0	52.3
Total current assets	1,173.6	1,125.7
Property, plant and equipment, net	569.8	509.3
Goodwill	308.8	238.4
Intangible assets, net	74.9	35.6
Deferred income taxes	14.7	19.2
Other long-term assets	64.1	48.4
Total assets	2,205.9	1,976.6
Current liabilities:
Short-term borrowings	50.3	28.2
Current maturities of long-term debt	0.3	15.3
Trade accounts payable	238.7	201.3
Other current liabilities	157.1	224.6
Total current liabilities	446.4	469.4
Long-term debt	644.4	499.6
Non-current income taxes payable	98.6	105.3
Deferred income taxes	19.0	4.2
Other long-term liabilities	39.7	40.3
Total liabilities	1,248.1	1,118.8
Commitments and contingencies (Note 15)
Redeemable non-controlling interest	12.9	0.0
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	1,276.0	1,122.1
Non-controlling interest	5.2	4.8
Stock-compensation plans	22.3	21.3
Accumulated other comprehensive loss	(158.6)	(149.8)
Treasury stock, 23,866,959 and 22,871,145 shares, respectively, at cost	(958.2)	(898.8)
Total shareholders' equity	944.9	857.8
Total liabilities and shareholders' equity	$ 2,205.9	$ 1,976.6