Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 30, 2018	Jul. 31, 2017
Current assets:
Cash and cash equivalents	$ 317.3	$ 308.4
Accounts receivable, less allowance of $8.1 and $8.7, respectively	530.6	497.7
Inventories, net	344.2	293.5
Prepaid expenses and other current assets	57.1	51.4
Total current assets	1,249.2	1,151.0
Property, plant and equipment, net	511.1	484.6
Goodwill	240.0	238.1
Intangible assets, net	37.1	40.6
Deferred income taxes	14.5	30.3
Other long-term assets	43.1	35.1
Total assets	2,095.0	1,979.7
Current liabilities:
Short-term borrowings	4.1	23.3
Current maturities of long-term debt	0.4	50.6
Trade accounts payable	201.5	194.0
Other current liabilities	191.7	216.2
Total current liabilities	397.7	484.1
Long-term debt	687.5	537.3
Deferred income taxes	5.0	3.6
Other long-term liabilities	168.4	100.2
Total liabilities	1,258.6	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
Retained earnings	1,089.1	1,056.9
Non-controlling interests	4.7	4.4
Accumulated other comprehensive loss	(124.4)	(157.0)
Treasury stock, 22,730,646 and 21,037,353 shares, respectively, at cost	(891.2)	(808.0)
Total shareholders' equity	836.4	854.5
Total liabilities and shareholders' equity	$ 2,095.0	$ 1,979.7