CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 31, 2020	Jul. 31, 2019
Current assets:
Cash and cash equivalents	$ 236.6	$ 177.8
Accounts receivable, less allowance of $6.2 and $4.8, respectively	455.3	529.5
Inventories, net	322.7	332.8
Prepaid expenses and other current assets	82.1	82.5
Total current assets	1,096.7	1,122.6
Property, plant and equipment, net	631.6	588.9
Right-of-use lease assets	73.7
Goodwill	316.8	303.1
Intangible assets, net	67.3	70.9
Deferred income taxes	16.8	14.2
Other long-term assets	41.7	42.9
Total assets	2,244.6	2,142.6
Current liabilities:
Short-term borrowings	3.8	2.1
Current maturities of long-term debt	5.7	50.2
Trade accounts payable	187.7	237.5
Accrued employee compensation and related taxes	71.2	87.8
Current lease liabilities	25.7
Accrued and other current liabilities	112.7	105.3
Total current liabilities	406.8	482.9
Commitments and contingencies (Note 17)
Redeemable non-controlling interest	10.9	10.0
Long-term debt	617.4	584.4
Non-current income taxes payable	87.4	110.9
Deferred income taxes	16.7	13.2
Long-term lease liabilities	48.1
Other long-term liabilities	64.4	48.5
Total liabilities	1,240.8	1,239.9
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	1,430.0	1,281.5
Non-controlling interest	5.8	5.4
Stock compensation plans	15.9	21.7
Accumulated other comprehensive loss	(184.0)	(192.9)
Treasury stock, 25,304,515 and 24,324,483 shares, respectively, at cost	(1,033.0)	(981.2)
Total shareholders’ equity	992.9	892.7
Total liabilities and shareholders’ equity	$ 2,244.6	$ 2,142.6