Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 30, 2017	Jul. 31, 2016
Current assets
Cash and cash equivalents	$ 295.9	$ 243.2
Accounts receivable, less allowance of $9.1 and $8.6	459.2	452.4
Inventories, net	272.8	234.1
Prepaids and other current assets	56.1	80.0
Total current assets	1,084.0	1,009.7
Property, plant, and equipment, at cost	1,184.2	1,150.6
Less accumulated depreciation	(721.7)	(680.8)
Property, plant, and equipment, net	462.5	469.8
Goodwill	229.6	229.3
Intangible assets, net	38.5	38.5
Deferred income taxes, net	35.4
Deferred income taxes		7.8
Other long-term assets	30.3	31.9
Total assets	1,880.3	1,787.0
Current liabilities
Short-term borrowings	206.3	165.5
Current maturities of long-term debt	100.6	51.2
Trade accounts payable	179.0	143.3
Other current liabilities	169.0	183.8
Total current liabilities	654.9	543.8
Long-term debt	298.1	350.2
Deferred income taxes, net	3.2
Deferred income taxes		3.1
Other long-term liabilities	122.1	118.5
Total liabilities	1,078.3	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	1,020.5	905.1
Non-controlling interest	4.3	4.0
Stock compensation plans	15.4	16.7
Accumulated other comprehensive loss	(210.6)	(205.6)
Treasury stock, 20,587,579 and 18,750,503 shares, at cost	(785.8)	(707.0)
Total shareholders' equity	802.0	771.4
Total liabilities and shareholders' equity	$ 1,880.3	$ 1,787.0