Fair Value Measurements (Tables)

6 Months Ended

Jan. 31, 2020

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 January 31, 2020 and July 31, 2019 (in millions):

					Fair Values Significant Other Observable Inputs
	Notional Amounts				Assets (1)				Liabilities (2) (3)
	January 31,		July 31,		January 31,		July 31,		January 31,		July 31,
	2020		2019		2020		2019		2020		2019
Forward foreign currency exchange contracts	$	14.0	$	28.2	$	2.7	$	1.6	$	0.7	$	1.8
Net investment hedges	55.8		55.8		1.1		1.1		—		1.9
Total	$	69.8	$	84.0	$	3.8	$	2.7	$	0.7	$	3.7

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

(2) Forward foreign currency exchange contracts are recorded within other current liabilities in the Company’s Condensed Consolidated Balance Sheets.

(3) Net investment hedges are 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 Loss
	Three Months Ended January 31,					Six Months Ended January 31,
	2020			2019		2020			2019
Forward foreign currency exchange contracts	$	(0.6	)	$	0.1	$	(1.3	)	$	1.1
Net investment hedges	$	0.6		$	—	$	1.4		$	—

	Pre-tax (Gains) Losses Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended January 31,					Six Months Ended January 31,
	2020		2019			2020		2019
Forward foreign currency exchange contracts	$	0.1	$	(0.1	)	$	2.0	$	(0.4	)
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 Loss
	Three Months Ended January 31,					Six Months Ended January 31,
	2020			2019		2020			2019
Forward foreign currency exchange contracts	$	(0.6	)	$	0.1	$	(1.3	)	$	1.1
Net investment hedges	$	0.6		$	—	$	1.4		$	—

	Pre-tax (Gains) Losses Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended January 31,					Six Months Ended January 31,
	2020		2019			2020		2019
Forward foreign currency exchange contracts	$	0.1	$	(0.1	)	$	2.0	$	(0.4	)
Net investment hedges	$	—	$	—		$	—	$	—