CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 30, 2019
Jul. 31, 2018
Current assets:    
Cash and cash equivalents $ 203.8 $ 204.7
Accounts receivable, less allowance of $5.7 and $8.3, respectively 534.3 534.6
Inventories, net 359.5 334.1
Prepaid expenses and other current assets 76.0 52.3
Total current assets 1,173.6 1,125.7
Property, plant and equipment, net 569.8 509.3
Goodwill 308.8 238.4
Intangible assets, net 74.9 35.6
Deferred income taxes 14.7 19.2
Other long-term assets 64.1 48.4
Total assets 2,205.9 1,976.6
Current liabilities:    
Short-term borrowings 50.3 28.2
Current maturities of long-term debt 0.3 15.3
Trade accounts payable 238.7 201.3
Other current liabilities 157.1 224.6
Total current liabilities 446.4 469.4
Long-term debt 644.4 499.6
Non-current income taxes payable 98.6 105.3
Deferred income taxes 19.0 4.2
Other long-term liabilities 39.7 40.3
Total liabilities 1,248.1 1,118.8
Commitments and contingencies (Note 15)
Redeemable non-controlling interest 12.9 0.0
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 1,276.0 1,122.1
Non-controlling interest 5.2 4.8
Stock-compensation plans 22.3 21.3
Accumulated other comprehensive loss (158.6) (149.8)
Treasury stock, 23,866,959 and 22,871,145 shares, respectively, at cost (958.2) (898.8)
Total shareholders' equity 944.9 857.8
Total liabilities and shareholders' equity $ 2,205.9 $ 1,976.6