Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Current assets
Cash and cash equivalents	$ 296,418	$ 224,138
Short-term investments	127,201	99,750
Accounts receivable, less allowance of $6,763 and $7,040	474,157	430,766
Inventories, net	253,351	234,820
Deferred income taxes	27,886	26,464
Prepaids and other current assets	46,264	39,724
Total current assets	1,225,277	1,055,662
Property, plant, and equipment, net	451,665	419,280
Goodwill	166,406	165,568
Intangible assets, net	36,045	41,307
Other long-term assets	63,018	61,739
Total assets	1,942,411	1,743,556
Current liabilities
Short-term borrowings	185,303	9,190
Current maturities of long-term debt	1,738	98,664
Trade accounts payable	216,603	186,460
Accrued employee compensation and related taxes	84,944	68,954
Accrued liabilities	40,845	38,527
Other current liabilities	80,147	74,640
Total current liabilities	609,580	476,435
Long-term debt	243,726	102,774
Deferred income taxes	22,386	23,604
Other long-term liabilities	64,236	55,556
Total liabilities	939,928	658,369
Commitments and contingencies (Note L and Note N)
Shareholders' equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized, none issued
Common stock, $5.00 par value, 240,000,000 shares authorized, 151,643,194 shares issued in both 2014 and 2013	758,216	758,216
Retained earnings	702,435	532,307
Stock compensation plans	19,601	21,745
Accumulated other comprehensive income (loss)	(45,810)	(37,473)
Treasury stock, 11,237,522 and 5,490,725 shares in 2014 and 2013, at cost	(431,959)	(189,608)
Total shareholders' equity	1,002,483	1,085,187
Total liabilities and shareholders' equity	$ 1,942,411	$ 1,743,556