XML 18 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Jul. 31, 2016
Income Statement [Abstract]      
Net sales $ 2,734.2 $ 2,371.9 $ 2,220.3
Cost of sales 1,798.7 1,548.8 1,465.5
Gross profit 935.5 823.1 754.8
Selling, general and administrative 495.6 439.8 425.1
Research and development 59.9 54.7 55.5
Operating income 380.0 328.6 274.2
Other income, net 21.3 19.5 20.7
Interest expense (4.9) (12.9) (3.9)
Earnings before income taxes 363.6 322.0 257.4
Income taxes 183.3 89.2 66.6
Net earnings $ 180.3 $ 232.8 $ 190.8
Weighted average shares – basic (in shares) 130.3 132.6 133.8
Weighted average shares – diluted (in shares) 132.2 134.1 134.8
Net earnings per share – basic (in dollars per share) $ 1.38 $ 1.76 $ 1.43
Net earnings per share – diluted (in dollars per share) 1.36 1.74 1.42
Dividends paid per share (in dollars per share) $ 0.730 $ 0.700 $ 0.685