Fair Values (Tables)

3 Months Ended

Oct. 31, 2015

Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]

Fair Value Of Outstanding Derivatives In Consolidated Balance Sheets

The following summarizes the Company’s fair value of outstanding derivatives at October 31, 2015 and July 31, 2015, on the balance sheets (millions of dollars):

	Significant Other Observable Inputs (Level 2)*
	October 31, 2015			July 31, 2015
Asset derivatives recorded under the caption Prepaids and other current assets
Foreign exchange contracts	$	3.0		$	3.6
Liability derivatives recorded under the caption Other current liabilities
Foreign exchange contracts	(2.9		)	(2.2		)
Forward exchange contracts - net asset (liability) position	$	0.1		$	1.4

* Inputs to the valuation methodology of Level 2 assets include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means.