Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jul. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of reconciliation of goodwill

The following is a reconciliation of goodwill for the years ended July 31, 2020 and 2019 (in millions):

	Engine Products		Industrial Products		Total
Balance as of July 31, 2018	$	84.9	$	153.5	$	238.4
Goodwill acquired	—		72.9		72.9
Currency translation	(0.4)		(7.8)		(8.2)
Balance as of July 31, 2019	84.5		218.6		303.1
Goodwill acquired	—		5.4		5.4
Currency translation	0.3		8.0		8.3
Balance as of July 31, 2020	$	84.8	$	232.0	$	316.8

Schedule of reconciliation of intangibles

The following table summarizes the net intangible assets for the years ended July 31, 2020 and 2019 (in millions, except weighted average useful life):

		July 31, 2020				July 31, 2019
	Weighted Average Useful Life (years)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	12.3	$	105.2	$	(50.0)	$	101.5	$	(43.3)
Patents, trademarks and technology	7.5	23.7		(11.6)		22.3		(9.6)
Total other intangible assets, net		$	128.9	$	(61.6)	$	123.8	$	(52.9)

Schedule of expected amortization expense

Expected amortization expense relating to existing intangible assets is as follows (in millions):

	Amount
2021	$	8.0
2022	6.9
2023	6.1
2024	5.8
2025	5.6
Thereafter	34.9
Total expected amortization expense	$	67.3