Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 31, 2016	Jul. 31, 2015
Current assets
Cash and cash equivalents	$ 222.1	$ 189.9
Short-term investments	9.8	27.5
Accounts receivable, less allowance of $6.5 and $6.7	402.7	460.0
Inventories	274.8	265.0
Prepaids and other current assets	97.3	88.3
Total current assets	1,006.7	1,030.7
Property, plant, and equipment, at cost	1,149.4	1,128.1
Less accumulated depreciation	(677.6)	(657.5)
Property, plant, and equipment, net	471.8	470.6
Goodwill	228.5	223.7
Intangible assets, net	41.7	37.9
Other assets	40.2	46.6
Total assets	1,788.9	1,809.5
Current liabilities
Short-term borrowings	261.4	187.3
Current maturities of long-term debt	1.2	1.8
Trade accounts payable	150.1	179.2
Other current liabilities	174.8	192.3
Total current liabilities	587.5	560.6
Long-term debt	389.0	389.2
Deferred income taxes	3.3	12.5
Other long-term liabilities	103.3	68.5
Total liabilities	1,083.1	1,030.8
Shareholders' equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized,, none issued	0.0	0.0
Common stock, $5.00 par value, 240,000,000 shares authorized, 151,643,194 shares issued	758.2	758.2
Retained earnings	843.5	815.2
Non-controlling interest	4.0	3.9
Stock compensation plans	16.7	17.9
Accumulated other comprehensive loss	(209.4)	(162.0)
Treasury stock at cost, 18,712,985 and 17,044,950 shares at January 31, 2016 and July 31, 2015, respectively	(707.2)	(654.5)
Total shareholders' equity	705.8	778.7
Total liabilities and shareholders' equity	$ 1,788.9	$ 1,809.5