Fair Value Measurements (Tables)

6 Months Ended

Jan. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of derivative on the balance sheet

The fair value of the Company’s derivative contracts, which are recorded on a gross basis on the Company’s Condensed Consolidated Balance Sheets as of January 31, 2021 and July 31, 2020, are as follows (in millions):

					Fair Values Significant Other Observable Inputs
	Notional Amounts				Assets (1)				Liabilities (2) (3)
	January 31,		July 31,		January 31,		July 31,		January 31,		July 31,
	2021		2020		2021		2020		2021		2020
Forward foreign currency exchange contracts	$	20.6	$	26.2	$	1.5	$	2.1	$	(2.3)	$	(1.4)
Net investment hedge	50.0		55.8		1.1		1.2		(3.3)		—
Interest rate swap	40.0		—		1.1		—		—		—
Total	$	110.6	$	82.0	$	3.7	$	3.3	$	(5.6)	$	(1.4)

(1)As of January 31, 2021, the Company recorded $3.7 million in other current assets on the Company’s Condensed Consolidated Balance Sheets. As of July 31, 2020, the Company recorded $3.2 million and $0.1 million in other current assets and other long-term assets, respectively, on the Company’s Condensed Consolidated Balance Sheets.

(2)The forward foreign currency exchange contracts are recorded in other current liabilities on the Company’s Condensed Consolidated Balance Sheets.

(3)The net investment hedge is recorded in other long-term liabilities on the Company’s Condensed Consolidated Balance Sheets.