Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2019	Jul. 31, 2018
Current assets:
Cash and cash equivalents	$ 177.8	$ 204.7
Accounts receivable, less allowance of $4.8 and $8.3, respectively	529.5	534.6
Inventories, net	332.8	334.1
Prepaid expenses and other current assets	82.5	52.3
Total current assets	1,122.6	1,125.7
Property, plant and equipment, net	588.9	509.3
Goodwill	303.1	238.4
Intangible assets, net	70.9	35.6
Deferred income taxes	14.2	19.2
Other long-term assets	42.9	48.4
Total assets	2,142.6	1,976.6
Current liabilities:
Short-term borrowings	2.1	28.2
Current maturities of long-term debt	50.2	15.3
Trade accounts payable	237.5	201.3
Accrued employee compensation and related taxes	87.8	103.5
Accrued liabilities	32.2	34.5
Other current liabilities	73.1	86.6
Total current liabilities	482.9	469.4
Long-term debt	584.4	499.6
Non-current income taxes payable	110.9	105.3
Deferred income taxes	13.2	4.2
Other long-term liabilities	48.5	40.3
Total liabilities	1,239.9	1,118.8
Commitments and contingencies (Note 17)
Redeemable non-controlling interest	10.0	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
Non-controlling interest	1,281.5	1,122.1
Stock compensation plans	5.4	4.8
Stock compensation plans	21.7	21.3
Accumulated other comprehensive loss	(192.9)	(149.8)
Treasury stock, 24,324,483 and 22,871,145 shares, respectively, at cost	(981.2)	(898.8)
Total shareholders’ equity	892.7	857.8
Total liabilities and shareholders’ equity	$ 2,142.6	$ 1,976.6