Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 31, 2017	Jul. 31, 2017
Current assets:
Cash and cash equivalents	$ 349.6	$ 308.4
Accounts receivable, less allowance of $8.7 and $8.7, respectively	483.0	497.7
Inventories, net	319.6	293.5
Prepaid expenses and other current assets	52.1	51.4
Total current assets	1,204.3	1,151.0
Property, plant and equipment, net	483.8	484.6
Goodwill	238.2	238.1
Intangible assets, net	39.2	40.6
Deferred income taxes	30.6	30.3
Other long-term assets	36.3	35.1
Total assets	2,032.4	1,979.7
Current liabilities:
Short-term borrowings	13.8	23.3
Current maturities of long-term debt	25.4	50.6
Trade accounts payable	190.6	194.0
Other current liabilities	185.3	216.2
Total current liabilities	415.1	484.1
Long-term debt	631.7	537.3
Deferred income taxes	4.3	3.6
Other long-term liabilities	100.3	100.2
Total liabilities	1,151.4	1,125.2
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
Additional paid-in capital	0.8	0.0
Retained earnings	1,102.2	1,041.2
Non-controlling interests	4.7	4.4
Stock compensation plans	18.0	15.7
Accumulated other comprehensive loss	(159.0)	(157.0)
Treasury stock, 21,793,696 and 21,037,353 shares, respectively, at cost	(843.9)	(808.0)
Total shareholders' equity	881.0	854.5
Total liabilities and shareholders' equity	$ 2,032.4	$ 1,979.7