CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jan. 31, 2019	Jul. 31, 2018
Current assets:
Cash and cash equivalents	$ 191.2	$ 204.7
Accounts receivable, less allowance of $6.2 and $8.3, respectively	515.3	534.6
Inventories, net	365.6	334.1
Prepaid expenses and other current assets	85.6	52.3
Total current assets	1,157.7	1,125.7
Property, plant and equipment, net	552.5	509.3
Goodwill	310.5	238.4
Intangible assets, net	77.5	35.6
Deferred income taxes	15.4	19.2
Other long-term assets	52.7	48.4
Total assets	2,166.3	1,976.6
Current liabilities:
Short-term borrowings	50.4	28.2
Current maturities of long-term debt	15.6	15.3
Trade accounts payable	226.7	201.3
Other current liabilities	200.4	224.6
Total current liabilities	493.1	469.4
Long-term debt	632.5	499.6
Non-current income taxes payable	101.3	105.3
Deferred income taxes	14.8	4.2
Other long-term liabilities	38.9	40.3
Total liabilities	1,280.6	1,118.8
Commitments and contingencies (Note 15)
Redeemable non-controlling interest	13.1	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	1,202.7	1,122.1
Non-controlling interest	5.2	4.8
Stock-compensation plans	21.1	21.3
Accumulated other comprehensive loss	(147.7)	(149.8)
Treasury stock, 24,097,437 and 22,871,145 shares, respectively, at cost	(966.9)	(898.8)
Total shareholders' equity	872.6	857.8
Total liabilities and shareholders' equity	$ 2,166.3	$ 1,976.6