Long-Term Debt (Tables)

12 Months Ended

Jul. 31, 2019

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following (in millions):

	July 31,
	2019			2018
3.72% Unsecured senior notes, interest payable semi-annually, principal payment of $125.0 million due March 27, 2024	$	125.0		$	125.0
2.93% Unsecured senior notes, interest payable semi-annually, principal payment of $25.0 million due April 16, 2025	25.0			25.0
3.18% Unsecured senior notes, interest payable semi-annually, principal payment of $125.0 million due June 17, 2030	125.0			125.0
Variable rate committed, unsecured $500.0 million revolving credit facility due July 21, 2022 and an interest rate of 2.55% as of July 31, 2019	286.5			167.4
Variable rate committed, unsecured $50.0 million term loan due July 21, 2020 and an interest rate of 3.55% as of July 31, 2019	50.0			50.0
Variable rate guaranteed senior note, interest payable quarterly, principal payment of ¥1.65 billion due May 20, 2024 and an interest rate of 0.41% as of July 31, 2019	15.2			14.8
Variable rate guaranteed senior note, interest payable quarterly, principal payment of ¥1.00 billion due July 15, 2021 and an interest rate of 0.26% as of July 31, 2019	9.2			9.0
Capitalized lease obligations, with various maturity dates and interest rates	0.2			0.6
Debt issuance costs, net	(1.5		)	(1.9		)
Subtotal	634.6			514.9
Less: current maturities	50.2			15.3
Total long-term debt	$	584.4		$	499.6

Schedule of maturities of long-term debt

The estimated future maturities of the Company’s long-term debt as of July 31, 2019, are as follows (in millions):

Year Ended July 31,	Amount
2020	$	50.2
2021	8.8
2022	286.1
2023	—
2024	140.0
Thereafter	149.5
Total estimated future maturities	$	634.6