CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Oct. 31, 2021	Jul. 31, 2021
Current assets:
Cash and cash equivalents	$ 200.8	$ 222.8
Accounts receivable, less allowances of $6.6 and $7.0, respectively	545.1	552.7
Inventories, net	444.7	384.5
Prepaid expenses and other current assets	105.2	84.0
Total current assets	1,295.8	1,244.0
Property, plant and equipment, net	609.7	617.8
Goodwill	320.6	322.5
Intangible assets, net	59.2	61.6
Other long-term assets	153.2	154.3
Total assets	2,438.5	2,400.2
Current liabilities:
Short-term borrowings	41.2	48.5
Accounts payable	310.0	293.9
Accrued employee compensation and related taxes	108.6	126.8
Dividend payable	0.0	27.6
Other current liabilities	122.1	109.8
Total current liabilities	581.9	606.6
Long-term debt	548.1	461.0
Non-current income taxes payable	81.1	80.7
Deferred income taxes	26.5	26.6
Other long-term liabilities	85.0	88.2
Total liabilities	1,322.6	1,263.1
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	12.3	5.8
Retained earnings	1,685.9	1,608.4
Stock-based compensation plans	14.5	12.8
Accumulated other comprehensive loss	(125.4)	(118.2)
Treasury stock, 28,133,757 and 26,620,560 shares, respectively, at cost	(1,229.6)	(1,129.9)
Total stockholders’ equity	1,115.9	1,137.1
Total liabilities and stockholders’ equity	$ 2,438.5	$ 2,400.2