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Fair Value Measurements (Tables)
12 Months Ended
Jul. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of derivatives on balance sheet
The fair value of the Company’s derivative contracts, which were recorded on the Consolidated Balance Sheets was as follows (in millions):
Fair Values Significant Other Observable Inputs
Total Notional Amounts
Assets
Liabilities
July 31,July 31,July 31,
202120202021202020212020
Designated as hedging instruments
Forward foreign currency exchange contracts (1)
$117.2 $68.1 $1.0 $0.1 $1.2 $0.6 
Net investment hedge55.8 55.8 1.1 1.2 2.0 — 
Total designated173.0123.92.11.33.20.6
Not designated as hedging instruments
Forward foreign currency exchange contracts (2)
154.2169.10.52.00.40.8
Total not designated154.2 169.1 0.5 2.0 0.4 0.8 
Total$327.2 $293.0 $2.6 $3.3 $3.6 $1.4 
(1)The total notional amount of $117.2 million as of July 31, 2021 includes purchases of $73.0 million and sales of $44.2 million, or net purchases of $28.8 million. The total notional amount of $68.1 million as of July 31, 2020 includes purchases of $45.2 million and sales of $22.9 million, or net purchases of $22.3 million.
(2)The total notional amount of $154.2 million as of July 31, 2021 includes purchases of $76.1 million and sales of $78.1 million, or net sales of $2.0 million. The total notional amount of $169.1 million as of July 31, 2020 includes purchases of $82.9 million and sales of $86.2 million, or net sales of $3.2 million.