Fair Value Measurements (Tables)

3 Months Ended

Oct. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of derivative on the balance sheet

The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the Company’s Condensed Consolidated Balance Sheets as of October 31, 2019 and July 31, 2019 (in millions):

					Fair Values Significant Other Observable Inputs (Level 2)
	Notional Amounts				Assets (1)				Liabilities (2)
	October 31,		July 31,		October 31,		July 31,		October 31,		July 31,
	2019		2019		2019		2019		2019		2019
Forward foreign currency exchange contracts	$	27.2	$	28.2	$	1.6	$	1.6	$	1.3	$	(1.8	)
Net investment hedges	55.8		55.8		1.1		1.1		—		(1.9		)
Total	$	83.0	$	84.0	$	2.7	$	2.7	$	1.3	$	(3.7	)

(1) Recorded within prepaid expenses and other current assets in the Company’s Condensed Consolidated Balance Sheets.

(2) Recorded within other long-term liabilities in the Company’s Condensed Consolidated Balance Sheets.

Schedule of cash flow hedges

The following table summarizes the pre-tax impact of the gains and losses on the Company’s designated forward foreign currency exchange contracts and net investment hedges (in millions):

	Pre-tax Gains (Losses) Recognized in Accumulated Other Comprehensive Income (Loss)
	Three Months Ended October 31,
	2019			2018
Forward foreign currency exchange contracts	$	(0.7	)	$	1.0
Net investment hedges	$	0.8		$	—

	Pre-tax (Gains) Losses Reclassified from Accumulated Other Comprehensive Income (Loss)
	Three Months Ended October 31,
	2019		2018
Forward foreign currency exchange contracts	$	1.9	$	(0.3	)
Net investment hedges	$	—	$	—

Schedule of net investment hedges

The following table summarizes the pre-tax impact of the gains and losses on the Company’s designated forward foreign currency exchange contracts and net investment hedges (in millions):

	Pre-tax Gains (Losses) Recognized in Accumulated Other Comprehensive Income (Loss)
	Three Months Ended October 31,
	2019			2018
Forward foreign currency exchange contracts	$	(0.7	)	$	1.0
Net investment hedges	$	0.8		$	—

	Pre-tax (Gains) Losses Reclassified from Accumulated Other Comprehensive Income (Loss)
	Three Months Ended October 31,
	2019		2018
Forward foreign currency exchange contracts	$	1.9	$	(0.3	)
Net investment hedges	$	—	$	—