CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Oct. 31, 2020	Jul. 31, 2020
Current assets:
Cash and cash equivalents	$ 270.0	$ 236.6
Accounts receivable, less allowances of $8.2 and $6.2, respectively	465.1	455.3
Inventories, net	329.5	322.7
Prepaid expenses and other current assets	79.0	82.1
Total current assets	1,143.6	1,096.7
Property, plant and equipment, net	617.1	631.6
Goodwill	315.0	316.8
Other long-term assets	193.7	199.5
Total assets	2,269.4	2,244.6
Current liabilities:
Short-term borrowings	1.0	3.8
Current maturities of long-term debt	5.7	5.7
Trade accounts payable	209.4	187.7
Current income taxes	27.5	17.6
Other current liabilities	175.8	192.0
Total current liabilities	419.4	406.8
Long-term debt	576.3	617.4
Other long-term liabilities	210.2	216.6
Total liabilities	1,205.9	1,240.8
Redeemable non-controlling interest	10.9	10.9
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
Additional paid-in capital	2.7	0.0
Retained earnings	1,491.9	1,430.0
Non-controlling interest	5.8	5.8
Stock-compensation plans	13.0	15.9
Accumulated other comprehensive loss	(182.8)	(184.0)
Treasury stock, 25,323,054 and 25,304,515 shares, respectively, at cost	(1,036.2)	(1,033.0)
Total shareholders’ equity	1,052.6	992.9
Total liabilities and shareholders’ equity	$ 2,269.4	$ 2,244.6