Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2018	Jul. 31, 2017
Current assets:
Cash and cash equivalents	$ 204.7	$ 308.4
Accounts receivable, less allowance of $8.3 and $8.7, respectively	534.6	497.7
Inventories, net	334.1	293.5
Prepaid expenses and other current assets	52.3	51.4
Total current assets	1,125.7	1,151.0
Property, plant and equipment, net	509.3	484.6
Goodwill	238.4	238.1
Intangible assets, net	35.6	40.6
Deferred income taxes	19.2	30.3
Other long-term assets	48.4	35.1
Total assets	1,976.6	1,979.7
Current liabilities:
Short-term borrowings	28.2	23.3
Current maturities of long-term debt	15.3	50.6
Trade accounts payable	201.3	194.0
Accrued employee compensation and related taxes	103.5	100.0
Accrued liabilities	34.5	31.1
Other current liabilities	86.6	85.1
Total current liabilities	469.4	484.1
Long-term debt	499.6	537.3
Non-current income taxes payable	105.3	21.1
Deferred income taxes	4.2	3.6
Other long-term liabilities	40.3	79.1
Total liabilities	1,118.8	1,125.2
Commitments and contingencies (Note 17)
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
Non-controlling interest	1,122.1	1,041.2
Stock compensation plans	4.8	4.4
Stock compensation plans	21.3	15.7
Accumulated other comprehensive loss	(149.8)	(157.0)
Treasury stock, 22,871,145 and 21,037,353 shares, respectively, at cost	(898.8)	(808.0)
Total shareholders’ equity	857.8	854.5
Total liabilities and shareholders’ equity	$ 1,976.6	$ 1,979.7