XML 22 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2015
Operating Activities      
Net earnings $ 232.8 $ 190.8 $ 208.1
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 75.2 74.9 74.3
Equity in earnings of affiliates, net of distributions (0.5) (0.3) (1.1)
Deferred income taxes (10.6) (3.3) (5.6)
Tax benefit of equity plans (4.9) (2.7) (6.8)
Stock compensation plan expense 9.1 7.3 10.7
Other, net 5.1 11.7 25.1
Changes in operating assets and liabilities, excluding effect of acquired businesses      
Accounts receivable (31.8) 8.5 (20.7)
Inventories (42.4) 29.1 (26.2)
Prepaids and other current assets 12.8 0.8 (27.8)
Trade accounts payable and other accrued expenses 65.5 (30.7) (17.2)
Net cash provided by operating activities 310.3 286.1 212.8
Investing Activities      
Purchases of property, plant and equipment (65.9) (72.9) (93.8)
Proceeds from sale of property, plant and equipment 2.4 2.2 0.2
Purchases of short-term investments 0.0 0.0 (27.0)
Proceeds from sale of short-term investments 0.0 28.0 114.5
Acquisitions, net of cash acquired (32.2) (12.9) (105.6)
Net cash used in investing activities (95.7) (55.6) (111.7)
Financing Activities      
Proceeds from long-term debt 0.0 9.6 150.0
Purchases of short-term investments (81.7) (1.4) (4.2)
Change in short-term borrowings 129.2 (23.6) 2.8
Purchase of treasury stock (140.4) (84.3) (256.3)
Dividends paid (92.4) (91.2) (91.2)
Tax benefit of equity plans 4.9 2.7 6.8
Exercise of stock options 22.7 13.2 13.1
Net cash used in financing activities (157.7) (175.0) (179.0)
Effect of exchange rate changes on cash 8.3 (2.2) (28.6)
Increase (decrease) in cash and cash equivalents 65.2 53.3 (106.5)
Cash and cash equivalents, beginning of year 243.2 189.9 296.4
Cash and cash equivalents, end of year 308.4 243.2 189.9
Supplemental Cash Flow Information      
Income taxes 88.0 67.8 85.6
Interest $ 19.9 $ 19.7 $ 14.7