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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Operating activities    
Net earnings $ 61.9 $ 65.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 23.3 21.2
Deferred income taxes (2.9) 3.1
Stock-based compensation expense 6.3 6.6
Other, net 7.3 7.1
Changes in operating assets and liabilities 33.0 (16.9)
Net cash provided by operating activities 128.9 86.1
Investing activities    
Net expenditures on property, plant and equipment (18.8) (37.1)
Net cash used in investing activities (18.8) (37.1)
Financing activities    
Proceeds from long-term debt 0.0 122.9
Repayments of long-term debt (40.0) (111.1)
Change in short-term borrowings (2.8) 58.2
Purchase of treasury stock (15.6) (65.0)
Dividends paid (26.6) (26.6)
Tax withholding payments for stock compensation transactions (2.2) (4.1)
Exercise of stock options 8.3 11.0
Net cash used in financing activities (78.9) (14.7)
Effect of exchange rate changes on cash 2.2 (2.1)
Increase in cash and cash equivalents 33.4 32.2
Cash and cash equivalents, beginning of period 236.6 177.8
Cash and cash equivalents, end of period 270.0 210.0
Supplemental cash flow information    
Income taxes paid 13.2 11.4
Interest paid 3.6 5.6
Supplemental disclosure of non-cash operating and investing transactions    
Accrued property, plant and equipment additions 5.0 16.6
Right-of-use lease assets obtained in exchange for new lease liabilities $ 1.2 $ 13.0