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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Operating Activities    
Net earnings $ 190.8 $ 173.2
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 48.9 44.8
Deferred income taxes (10.3) (7.1)
Stock-based compensation expense 14.5 13.7
Other, net 1.4 2.9
Changes in operating assets and liabilities (20.3) (7.0)
Net cash provided by operating activities 225.0 220.5
Investing Activities    
Purchases of property, plant and equipment (44.5) (57.6)
Net cash used in investing activities (44.5) (57.6)
Financing Activities    
Proceeds from long-term debt 35.0 40.0
Repayments of long-term debt (88.7) (65.0)
Change in short-term borrowings 16.3 0.3
Purchase of treasury stock (86.6) (115.2)
Dividends paid (60.3) (56.2)
Exercise of stock options and other 12.6 19.3
Net cash used in financing activities (171.7) (176.8)
Effect of exchange rate changes on cash (2.1) 0.0
Increase (decrease) in cash and cash equivalents 6.7 (13.9)
Cash and cash equivalents, beginning of period 187.1 193.3
Cash and cash equivalents, end of period 193.8 179.4
Supplemental Cash Flow Information    
Income taxes paid 85.1 72.3
Interest paid 11.3 8.9
Supplemental Disclosure of Non-Cash Operating and Investing Transactions    
Accrued property, plant and equipment additions 14.5 19.2
Leased assets obtained in exchange for new operating lease liabilities $ 8.2 $ 10.3