Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2015	Jul. 31, 2014
Current assets
Cash and cash equivalents	$ 189,898	$ 296,418
Short-term investments	27,470	127,201
Accounts receivable, less allowance of $6,747 and $6,763	460,027	474,157
Inventories, net	264,955	253,351
Deferred income taxes	28,177	27,886
Prepaids and other current assets	60,189	46,264
Total current assets	1,030,716	1,225,277
Property, plant, and equipment, net	470,611	451,665
Goodwill	223,732	166,406
Intangible assets, net	37,870	36,045
Other long-term assets	46,605	63,018
Total assets	1,809,534	1,942,411
Current liabilities
Short-term borrowings	187,320	185,303
Current maturities of long-term debt	1,849	1,738
Trade accounts payable	179,174	216,603
Accrued employee compensation and related taxes	66,536	84,944
Accrued liabilities	42,853	40,845
Other current liabilities	82,915	80,147
Total current liabilities	560,647	609,580
Long-term debt	389,218	243,726
Deferred income taxes	12,493	22,386
Other long-term liabilities	68,525	64,236
Total liabilities	$ 1,030,883	$ 939,928
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 2015 and 2014	$ 758,216	$ 758,216
Retained earnings	815,166	702,435
Non-controlling interest	3,882
Stock compensation plans	17,852	19,601
Accumulated other comprehensive income (loss)	(161,990)	(45,810)
Treasury stock at cost, 17,044,950 and 11,237,522 shares in 2015 and 2014, at cost	(654,475)	(431,959)
Total shareholders' equity	778,651	1,002,483
Total liabilities and shareholders' equity	$ 1,809,534	$ 1,942,411

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.