CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Oct. 31, 2019	Jul. 31, 2019
Current assets:
Cash and cash equivalents	$ 210.0	$ 177.8
Accounts receivable, less allowance of $4.9 and $4.8, respectively	501.5	529.5
Inventories, net	361.5	332.8
Prepaid expenses and other current assets	86.1	82.5
Total current assets	1,159.1	1,122.6
Property, plant and equipment, net	606.2	588.9
Right-of-use lease assets	79.3
Goodwill	307.9	303.1
Intangible assets, net	71.2	70.9
Deferred income taxes	14.0	14.2
Other long-term assets	45.6	42.9
Total assets	2,283.3	2,142.6
Current liabilities:
Short-term borrowings	60.9	2.1
Current maturities of long-term debt	50.0	50.2
Trade accounts payable	229.1	237.5
Current lease liabilities	24.8
Other current liabilities	166.3	193.1
Total current liabilities	531.1	482.9
Long-term debt	596.8	584.4
Non-current income taxes payable	111.4	110.9
Deferred income taxes	17.0	13.2
Long-term lease liabilities	54.4
Other long-term liabilities	44.9	48.5
Total liabilities	1,355.6	1,239.9
Commitments and contingencies (Note 15)
Redeemable non-controlling interest	10.7	10.0
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	1,346.0	1,281.5
Non-controlling interest	5.4	5.4
Stock-compensation plans	15.1	21.7
Accumulated other comprehensive loss	(182.5)	(192.9)
Treasury stock, 25,166,367 and 24,324,483 shares, respectively, at cost	(1,025.2)	(981.2)
Total shareholders’ equity	917.0	892.7
Total liabilities and shareholders’ equity	$ 2,283.3	$ 2,142.6