Fair Value Measurements (Tables)

12 Months Ended

Jul. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of derivatives on balance sheet

The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the Consolidated Balance Sheets as of July 31, 2020 and 2019 (in millions):

					Fair Values of Significant Other Observable Inputs (Level 2)
	Notional Amounts				Assets					Liabilities (1)
	July 31,				July 31,					July 31,
	2020		2019		2020		2019			2020		2019
Forward foreign currency exchange contracts	$	26.2	$	28.2	$	2.1	$	1.6	(2)	$	(1.4)	$	(1.8)
Net investment hedge	55.8		55.8		1.2		1.1		(3)	—		(1.9)
Total	$	82.0	$	84.0	$	3.3	$	2.7		$	(1.4)	$	(3.7)

(1)Amounts of $3.2 million and of $0.1 million, respectively, are recorded within prepaid expenses and other current assets, and in other long-term assets, in the Company’s Consolidated Balance Sheets as of July 31, 2020. Amount of $2.7 million is recorded within prepaid expenses and other current assets in the Company’s Consolidated Balance Sheets as of July 31, 2019.

(2)Forward foreign currency exchange contracts are recorded within other current liabilities in the Company’s Consolidated Balance Sheets.

(3)Net investment hedges are recorded within other long-term liabilities in the Company’s Consolidated Balance Sheets.

Schedule of net investment hedges

The following table summarizes the pre-tax impact of the gains and losses on the Company’s designated forward foreign currency exchange contracts and net investment hedges (in millions):

	Pre-tax Gains (Losses) Recognized in Accumulated Other Comprehensive Income (Loss):
	Year Ended July 31,
	2020		2019		2018
Forward foreign currency exchange contracts	$	(1.4)	$	0.2	$	3.2
Net investment hedge	2.0		(0.8)		—

	Pre-tax (Gains) Losses Reclassified from Accumulated Other Comprehensive Income (Loss):
	Year Ended July 31,
	2020		2019		2018
Forward foreign currency exchange contracts	$	1.0	$	0.1	$	0.2
Net investment hedge	—		—		—

Schedule of cash flow hedges

The following table summarizes the pre-tax impact of the gains and losses on the Company’s designated forward foreign currency exchange contracts and net investment hedges (in millions):

	Pre-tax Gains (Losses) Recognized in Accumulated Other Comprehensive Income (Loss):
	Year Ended July 31,
	2020		2019		2018
Forward foreign currency exchange contracts	$	(1.4)	$	0.2	$	3.2
Net investment hedge	2.0		(0.8)		—

	Pre-tax (Gains) Losses Reclassified from Accumulated Other Comprehensive Income (Loss):
	Year Ended July 31,
	2020		2019		2018
Forward foreign currency exchange contracts	$	1.0	$	0.1	$	0.2
Net investment hedge	—		—		—