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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2020
Operating Activities      
Net earnings $ 332.8 $ 286.9 $ 257.0
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 93.8 95.3 87.6
Equity in earnings of affiliates, net of distributions 0.3 (2.1) (2.7)
Deferred income taxes (1.4) (5.9) 2.7
Stock-based compensation expense 20.4 14.2 15.2
Other, net 10.6 19.6 23.9
Changes in operating assets and liabilities, excluding effect of acquired businesses:      
Accounts receivable, net (100.8) (92.7) 77.1
Inventories, net (147.8) (56.3) 11.9
Prepaid expenses and other current assets (10.5) (5.3) 1.4
Accounts payable 51.1 106.6 (43.5)
Income taxes payable 4.9 (3.6) (13.1)
Accrued employee compensation and related taxes and other current liabilities (0.6) 45.2 (30.5)
Net cash provided by operating activities 252.8 401.9 387.0
Investing Activities      
Purchases of property, plant and equipment (85.5) (59.0) (124.4)
Proceeds from sale of property, plant and equipment 0.4 0.7 2.0
Acquisitions, net of cash acquired (68.9) 0.0 (6.5)
Net cash used in investing activities (154.0) (58.3) (128.9)
Financing Activities      
Proceeds from long-term debt 289.3 7.9 262.4
Repayments of long-term debt (90.0) (170.4) (281.0)
Change in short-term borrowings (43.9) 45.2 0.9
Purchase of non-controlling interests 0.0 (14.4) 0.0
Purchase right exercised in finance lease 0.0 (13.8) 0.0
Purchase of treasury stock (170.6) (142.2) (94.3)
Dividends paid (110.1) (107.2) (106.4)
Tax withholding for stock compensation transactions (1.8) (4.2) (6.3)
Exercise of stock options 12.9 35.8 25.2
Net cash used in financing activities (114.2) (363.3) (199.5)
Effect of exchange rate changes on cash (14.1) 5.9 0.2
(Decrease) increase in cash and cash equivalents (29.5) (13.8) 58.8
Cash and cash equivalents, beginning of year 222.8 236.6 177.8
Cash and cash equivalents, end of year 193.3 222.8 236.6
Supplemental Cash Flow Information      
Income taxes paid 102.4 105.9 90.7
Interest paid 12.2 10.9 17.1
Supplemental Disclosure of Non-Cash Operating and Investing Transactions      
Accrued property, plant and equipment additions 16.3 7.0 9.5
Leased assets obtained in exchange for new operating lease liabilities 17.0 12.4 33.1
Transfer of operating lease asset and operating lease liability $ 0.0 $ (9.2) $ 0.0