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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Jul. 31, 2016
Operating Activities      
Net earnings $ 180.3 $ 232.8 $ 190.8
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 76.7 75.2 74.9
Equity in earnings of affiliates, net of distributions (2.7) (0.5) (0.3)
Deferred income taxes 7.0 (10.6) (3.3)
Stock-based compensation plan expense 16.7 9.1 7.3
Other, net (27.6) 5.1 11.7
Changes in operating assets and liabilities, excluding effect of acquired businesses:      
Accounts receivable (41.7) (31.8) 8.5
Inventories (43.8) (42.4) 29.1
Prepaid expenses and other current assets 3.6 12.8 0.8
Income taxes payable 87.9 8.5 2.8
Trade accounts payable and other accrued expenses 6.5 59.6 (31.0)
Net cash provided by operating activities 262.9 317.8 291.3
Investing Activities      
Purchases of property, plant and equipment (97.5) (65.9) (72.9)
Proceeds from sale of property, plant and equipment 1.6 2.4 2.2
Proceeds from sale of short-term investments 0.0 0.0 28.0
Acquisitions, net of cash acquired 0.5 (32.2) (12.9)
Net cash used in investing activities (95.4) (95.7) (55.6)
Financing Activities      
Proceeds from long-term debt 197.7 0.0 9.6
Repayments of long-term debt (272.4) (81.7) (1.4)
Change in short-term borrowings 6.0 129.2 (23.6)
Purchase of treasury stock (122.0) (140.4) (84.3)
Dividends paid (94.7) (92.4) (91.2)
Tax withholding for stock compensation transactions (2.6) (2.6) (2.5)
Exercise of stock options 19.2 22.7 13.2
Net cash used in financing activities (268.8) (165.2) (180.2)
Effect of exchange rate changes on cash (2.4) 8.3 (2.2)
(Decrease) increase in cash and cash equivalents (103.7) 65.2 53.3
Cash and cash equivalents, beginning of year 308.4 243.2 189.9
Cash and cash equivalents, end of year 204.7 308.4 243.2
Supplemental Cash Flow Information      
Income taxes 82.6 88.0 67.8
Interest $ 21.9 $ 19.9 $ 19.7