XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Apr. 30, 2024
Jul. 31, 2023
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Jul. 31, 2023
Operating Activities            
Net earnings $ 113.5   $ 93.7 $ 304.3 $ 266.9  
Adjustments to reconcile net earnings to net cash provided by operating activities:            
Depreciation and amortization       73.5 67.3  
Deferred income taxes       (16.6) (9.6)  
Stock-based compensation expense       18.3 17.1  
Other, net       2.0 3.8  
Changes in operating assets and liabilities       (15.0) 8.2  
Net cash provided by operating activities       366.5 353.7  
Investing Activities            
Purchases of property, plant and equipment       (65.8) (92.8)  
Acquisitions, net of cash acquired       (2.0) (62.3)  
Net cash used in investing activities       (67.8) (155.1)  
Financing Activities            
Proceeds from long-term debt       119.7 80.0  
Repayments of long-term debt       (228.8) (135.0)  
Change in short-term borrowings       15.9 23.1  
Purchase of treasury stock       (113.8) (119.3)  
Payment of contingent consideration       (1.7) 0.0  
Dividends paid       (90.3) (84.1)  
Exercise of stock options and other       41.5 31.2  
Net cash used in financing activities       (257.5) (204.1)  
Effect of exchange rate changes on cash       (4.6) (1.8)  
Increase (decrease) in cash and cash equivalents       36.6 (7.3)  
Cash and cash equivalents, beginning of period   $ 186.0   187.1 193.3 $ 193.3
Cash and cash equivalents, end of period $ 223.7 $ 187.1 $ 186.0 223.7 186.0 $ 187.1
Supplemental Cash Flow Information            
Income taxes paid       115.1 112.7  
Interest paid       17.8 15.6  
Supplemental Disclosure of Non-Cash Operating and Investing Transactions            
Accrued property, plant and equipment additions       12.0 17.9  
Leased assets obtained in exchange for new operating lease liabilities       $ 16.3 $ 20.6