Goodwill and Intangible Assets (Tables)

9 Months Ended

Apr. 30, 2020

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, 2020 (in millions):

	Engine Products		Industrial Products		Total
Balance as of July 31, 2019	$	84.5	$	218.6	$	303.1
Goodwill acquired	—		—		—
Currency translation	(0.4)		1.1		0.7
Balance as of April 30, 2020	$	84.1	$	219.7	$	303.8

Schedule of finite-lived intangible assets

The following table summarizes the net intangible asset classes as of April 30, 2020 (in millions):

	Gross Carrying Amount		Accumulated Amortization		Total
Customer relationships	$	101.8	$	(47.9)	$	53.9
Patents, trademarks and technology	22.4		(11.0)		11.4
Total intangible assets, net	$	124.2	$	(58.9)	$	65.3

The following table summarizes the net intangible asset classes as of July 31, 2019 (in millions):

	Gross Carrying Amount		Accumulated Amortization		Total
Customer relationships	$	101.5	$	(43.3)	$	58.2
Patents, trademarks and technology	22.3		(9.6)		12.7
Total intangible assets, net	$	123.8	$	(52.9)	$	70.9