Stock-Based Compensation (Tables)

3 Months Ended

Oct. 31, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stock options expense

Expenses associated with stock options are as follows (in millions):

	Three Months Ended October 31,
	2020		2019
Pretax compensation expense associated with stock options	$	5.1	$	5.3
Tax benefits associated with stock options	$	0.6	$	1.1

Expenses associated with performance-based awards are as follows (in millions):

	Three Months Ended October 31,
	2020		2019
Pretax compensation expense associated with performance-based awards	$	0.9	$	0.9

Summary of stock option activity

Stock option activity during the three months ended October 31, 2020 is as follows:

	Options Outstanding	Weighted Average Exercise Price
Outstanding as of July 31, 2020	6,533,979	$	42.44
Granted	946,100	46.06
Exercised	(269,215)	32.33
Canceled	(10,433)	52.77
Outstanding as of October 31, 2020	7,200,431	$	43.28

Schedule of performance shares activity

Performance-based award activity during the three months ended October 31, 2020 is as follows:

	Performance Shares Outstanding	Weighted Average Grant Date Fair Value
Non-vested at July 31, 2020	198,200	$	54.93
Granted	106,100	46.06
Vested	—	—
Canceled/forfeited	—	—
Non-vested at October 31, 2020	304,300	$	51.84