Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 31, 2017	Jul. 31, 2016
Current assets
Cash and cash equivalents	$ 296.3	$ 243.2
Accounts receivable, less allowance of $9.3 and $8.6	408.4	452.4
Inventories, net	260.4	234.1
Prepaids and other current assets	60.1	80.0
Total current assets	1,025.2	1,009.7
Property, plant, and equipment, at cost	1,160.4	1,150.6
Less accumulated depreciation	(700.7)	(680.8)
Property, plant, and equipment, net	459.7	469.8
Goodwill	228.7	229.3
Intangible assets, net	40.1	38.5
Deferred income taxes	34.2	7.8
Other long-term assets	29.8	31.9
Total assets	1,817.7	1,787.0
Current liabilities
Short-term borrowings	176.4	165.5
Current maturities of long-term debt	100.7	51.2
Trade accounts payable	157.8	143.3
Other current liabilities	180.6	183.8
Total current liabilities	615.5	543.8
Long-term debt	297.8	350.2
Deferred income taxes	3.2	3.1
Other long-term liabilities	120.5	118.5
Total liabilities	1,037.0	1,015.6
Commitments and contingencies (Note 14)
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	961.8	905.1
Non-controlling interest	4.2	4.0
Stock compensation plans	15.5	16.7
Accumulated other comprehensive loss	(222.0)	(205.6)
Treasury stock, 19,546,658 and 18,750,503 shares, at cost	(737.0)	(707.0)
Total shareholders' equity	780.7	771.4
Total liabilities and shareholders' equity	$ 1,817.7	$ 1,787.0