Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 31, 2018	Jul. 31, 2018
Current assets:
Cash and cash equivalents	$ 199.9	$ 204.7
Accounts receivable, less allowance of $6.3 and $8.3, respectively	542.4	534.6
Inventories, net	360.5	334.1
Prepaid expenses and other current assets	67.6	52.3
Total current assets	1,170.4	1,125.7
Property, plant and equipment, net	517.9	509.3
Goodwill	305.4	238.4
Intangible assets, net	81.3	35.6
Deferred income taxes	19.0	19.2
Other long-term assets	50.0	48.4
Total assets	2,144.0	1,976.6
Current liabilities:
Short-term borrowings	59.0	28.2
Current maturities of long-term debt	15.0	15.3
Trade accounts payable	230.6	201.3
Other current liabilities	183.0	224.6
Total current liabilities	487.6	469.4
Long-term debt	630.6	499.6
Non-current income taxes payable	106.4	105.3
Deferred income taxes	12.9	4.2
Other long-term liabilities	39.2	40.3
Total liabilities	1,276.7	1,118.8
Commitments and contingencies (Note 15)
Redeemable non-controlling interest	12.9	0.0
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	1,192.6	1,122.1
Non-controlling interest	4.8	4.8
Stock-compensation plans	21.2	21.3
Accumulated other comprehensive loss	(171.9)	(149.8)
Treasury stock, 23,772,387 and 22,871,145 shares, respectively, at cost	(950.5)	(898.8)
Total shareholders' equity	854.4	857.8
Total liabilities and shareholders' equity	$ 2,144.0	$ 1,976.6