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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Operating Activities    
Net earnings $ 118.1 $ 129.5
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 46.6 42.8
Deferred income taxes (7.0) 2.5
Stock-based compensation expense 10.2 10.2
Other, net 13.5 10.5
Changes in operating assets and liabilities 20.9 (18.7)
Net cash provided by operating activities 202.3 176.8
Investing Activities    
Net expenditures on property, plant and equipment (30.4) (79.7)
Net cash used in investing activities (30.4) (79.7)
Financing Activities    
Proceeds from long-term debt 0.0 122.7
Repayments of long-term debt (125.0) (111.1)
Change in short-term borrowings 13.0 32.2
Purchase of non-controlling interests (14.4) 0.0
Purchase of treasury stock (46.3) (65.0)
Dividends paid (53.1) (53.2)
Tax withholding payments for stock compensation transactions (3.5) (6.0)
Exercise of stock options 18.7 17.4
Net cash used in financing activities (210.6) (63.0)
Effect of exchange rate changes on cash 9.4 (0.8)
(Decrease) increase in cash and cash equivalents (29.3) 33.3
Cash and cash equivalents, beginning of period 236.6 177.8
Cash and cash equivalents, end of period 207.3 211.1
Supplemental Cash Flow Information    
Income taxes paid 51.9 45.3
Interest paid 5.8 9.4
Supplemental Disclosure of Non-Cash Operating and Investing Transactions    
Accrued property, plant and equipment additions 6.0 12.5
Right-of-use lease assets obtained in exchange for new lease liabilities $ 5.8 $ 19.1