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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 31, 2021
Jul. 31, 2020
Current assets:    
Cash and cash equivalents $ 222.8 $ 236.6
Accounts receivable, less allowances of $7.0 and $6.2, respectively 552.7 455.3
Inventories, net 384.5 322.7
Prepaid expenses and other current assets 84.0 82.1
Total current assets 1,244.0 1,096.7
Property, plant and equipment, net 617.8 631.6
Goodwill 322.5 316.8
Intangible assets, net 61.6 67.3
Other long-term assets 154.3 132.2
Total assets 2,400.2 2,244.6
Current liabilities:    
Short-term borrowings 48.5 3.8
Current maturities of long-term debt 0.0 5.7
Accounts payable 293.9 187.7
Accrued employee compensation and related taxes 126.8 71.2
Current lease liabilities 18.1 25.7
Dividend payable 27.6 26.6
Other current liabilities 91.7 86.1
Total current liabilities 606.6 406.8
Long-term debt 461.0 617.4
Non-current income taxes payable 80.7 87.4
Deferred income taxes 26.6 16.7
Other long-term liabilities 88.2 112.5
Total liabilities 1,263.1 1,240.8
Commitments and contingencies (Note 17)
Redeemable non-controlling interest 0.0 10.9
Stockholders’ 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 5.8 0.0
Retained earnings 1,608.4 1,430.0
Non-controlling interest 0.0 5.8
Stock-based compensation plans 12.8 15.9
Accumulated other comprehensive loss (118.2) (184.0)
Treasury stock, 26,620,560 and 25,304,515 shares, respectively, at cost (1,129.9) (1,033.0)
Total stockholders’ equity 1,137.1 992.9
Total liabilities and stockholders’ equity $ 2,400.2 $ 2,244.6