Summary of Significant Accounting Policies (Tables)

9 Months Ended

Apr. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Quantifying Prior Year Misstatements Corrected in Current Year Financial Statements

The impact of these misstatements is included in the Fiscal 2015 amounts in the accompanying condensed consolidated financial statements, including applicable footnotes, and is summarized as follows (millions of dollars, except per share amounts):

	Three Months Ended April 30, 2015						Nine Months Ended April 30, 2015
	As Previously Reported		Effect of Revision		As Revised		As Previously Reported		Effect of Revision			As Revised
Net sales	$	568.0	$	7.6	$	575.6	$	1,761.4	$	(0.8	)	$	1,760.6
Cost of sales	376.0		5.5		381.5		1,154.8		(0.5		)	1,154.3
Gross profit	192.0		2.1		194.1		606.6		(0.3		)	606.3
Operating income	65.0		2.1		67.1		210.2		(0.3		)	209.9
Earnings before income taxes	65.7		2.1		67.8		210.8		(0.3		)	210.5
Income taxes	19.3		0.7		20.0		58.9		(0.1		)	58.8
Net earnings	$	46.4	$	1.4	$	47.8	$	151.9	$	(0.2	)	$	151.7
Basic earnings per share	$	0.34	$	0.01	$	0.35	$	1.10	$	—		$	1.10
Diluted earnings per share	$	0.33	$	0.01	$	0.34	$	1.08	$	—		$	1.08
Comprehensive income	$	45.6	$	1.4	$	47.0	$	68.0	$	(0.2	)	$	67.8