Short-Term Borrowings and Long-Term Debt (Tables)

12 Months Ended

Jul. 31, 2023

Debt Disclosure [Abstract]

Schedule of Short-term Borrowings

Short-term borrowings were as follows (in millions):

	European Commercial Paper Program				U.S. Credit Facilities				European Operations Credit Facilities				Rest of the World Credit Facilities				Total
	Year Ended July 31,
	2023		2022		2023		2022		2023		2022		2023		2022		2023		2022
Available credit facilities	$	110.3	$	102.1	$	100.0	$	100.0	$	45.0	$	42.4	$	50.8	$	52.8	$	306.1	$	297.3
Reductions to borrowing capacity:
Outstanding borrowings	24.3		—		9.8		—		—		—		—		3.7		34.1		3.7
Other non-borrowing reductions	—		—		—		—		28.8		27.0		18.8		19.1		47.6		46.1
Total reductions	24.3		—		9.8		—		28.8		27.0		18.8		22.8		81.7		49.8
Remaining borrowing capacity	$	86.0	$	102.1	$	90.2	$	100.0	$	16.2	$	15.4	$	32.0	$	30.0	$	224.4	$	247.5

Weighted average interest rate as of July 31, 2023 and 2022 4.09  % N/A 6.17  % N/A N/A N/A N/A 0.37  % 4.69  % 0.37  %

Schedule of Long-term Debt

Long-term debt was as follows:

					Interest Rate				Outstanding Balance (in millions)
Financial Instrument	Fixed or Variable	Amount		Maturity Date	July 31, 2023		July 31, 2022		July 31, 2023		July 31, 2022
Unsecured senior notes	Fixed	$125.0 million		March 27, 2024	3.72	%	3.72	%	$	125.0	$	125.0
Unsecured senior notes	Fixed	$125.0 million		June 17, 2030	3.18	%	3.18	%	125.0		125.0
Unsecured senior notes	Fixed	$100.0 million		August 5, 2031	2.50	%	2.50	%	100.0		100.0
Unsecured revolving credit facility	Variable	$500.0 million		May 21, 2026	5.09	%	2.88	%	96.2		125.0
Unsecured term loan	Variable	€80.0 million		October 28, 2024	4.41	%	0.91	%	88.2		81.7
Unsecured senior notes	Fixed	$50.0 million		November 5, 2028	2.12	%	2.12	%	50.0		50.0
Unsecured senior notes	Fixed	$25.0 million		April 16, 2025	2.93	%	2.93	%	25.0		25.0
Unsecured term loan	Variable	¥1.0	billion	July 31, 2028	0.57	%	0.41	%	7.0		7.5
Unsecured term loan	Variable	¥1.0	billion	July 15, 2026	0.49	%	0.49	%	7.0		7.5
Debt issuance costs, net									(1.8)		(2.4)
Subtotal									621.6		644.3
Less current maturities									(125.0)		—
Total long-term debt									$	496.6	$	644.3

Schedule of Maturities Of Long-term Debt

Future maturities of the Company’s long-term debt as of July 31, 2023 were as follows (in millions):

2024	$	125.0
2025	113.2
2026	103.2
2027	—
2028	7.0
Thereafter	275.0
Total future maturities payments	623.4
Less debt issuance costs, net	(1.8)
Total future maturities payments, net of debt issuance costs	$	621.6