CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jan. 31, 2021	Jul. 31, 2020
Current assets:
Cash and cash equivalents	$ 207.3	$ 236.6
Accounts receivable, less allowances of $8.3 and $6.2, respectively	492.9	455.3
Inventories, net	347.6	322.7
Prepaid expenses and other current assets	78.5	82.1
Total current assets	1,126.3	1,096.7
Property, plant and equipment, net	624.3	631.6
Goodwill	322.1	316.8
Other long-term assets	198.4	199.5
Total assets	2,271.1	2,244.6
Current liabilities:
Short-term borrowings	16.7	3.8
Current maturities of long-term debt	5.7	5.7
Accounts payable	228.1	187.7
Accrued employee compensation and related taxes	99.4	71.2
Current income taxes	18.3	17.6
Other current liabilities	131.3	120.8
Total current liabilities	499.5	406.8
Long-term debt	495.1	617.4
Other long-term liabilities	202.1	216.6
Total liabilities	1,196.7	1,240.8
Redeemable non-controlling interest	0.0	10.9
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
Additional paid-in capital	5.1	0.0
Retained earnings	1,494.4	1,430.0
Non-controlling interest	0.0	5.8
Stock-based compensation plans	13.2	15.9
Accumulated other comprehensive loss	(143.0)	(184.0)
Treasury stock, 25,544,032 and 25,304,515 shares, respectively, at cost	(1,053.5)	(1,033.0)
Total shareholders’ equity	1,074.4	992.9
Total liabilities and shareholders’ equity	$ 2,271.1	$ 2,244.6