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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Operating Activities    
Net earnings $ 133.9 $ 8.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 39.2 37.9
Deferred income taxes 4.9 7.0
Stock-based compensation expense 10.6 9.6
Other, net (2.1) (1.3)
Changes in operating assets and liabilities, excluding effect of acquired businesses (43.7) 48.6
Net cash provided by operating activities 142.8 109.8
Investing Activities    
Net expenditures on property, plant and equipment (67.1) (45.8)
Acquisitions, net of cash acquired (96.0) 0.8
Net cash used in investing activities (163.1) (45.0)
Financing Activities    
Proceeds from long-term debt 145.0 140.0
Repayments of long-term debt (24.6) (60.2)
Change in short-term borrowings 22.6 (4.1)
Purchase of treasury stock (102.0) (62.9)
Dividends paid (48.7) (46.8)
Tax withholding payments for stock compensation transactions (3.6) (2.2)
Exercise of stock options 17.3 13.6
Net cash provided by (used in) financing activities 6.0 (22.6)
Effect of exchange rate changes on cash 0.8 11.6
(Decrease) increase in cash and cash equivalents (13.5) 53.8
Cash and cash equivalents, beginning of period 204.7 308.4
Cash and cash equivalents, end of period $ 191.2 $ 362.2