CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 30, 2022	Jul. 31, 2021
Current assets:
Cash and cash equivalents	$ 168.7	$ 222.8
Accounts receivable, less allowances of $5.7 and $7.0, respectively	585.5	552.7
Inventories, net	510.7	384.5
Prepaid expenses and other current assets	102.4	84.0
Total current assets	1,367.3	1,244.0
Property, plant and equipment, net	591.1	617.8
Goodwill	336.6	322.5
Intangible assets, net	73.8	61.6
Other long-term assets	150.4	154.3
Total assets	2,519.2	2,400.2
Current liabilities:
Short-term borrowings	31.3	48.5
Accounts payable	335.8	293.9
Accrued employee compensation and related taxes	106.7	126.8
Income taxes payable	25.4	17.7
Dividend payable	0.0	27.6
Other current liabilities	107.3	92.1
Total current liabilities	606.5	606.6
Long-term debt	607.2	461.0
Non-current income taxes payable	74.7	80.7
Deferred income taxes	30.9	26.6
Other long-term liabilities	76.3	88.2
Total liabilities	1,395.6	1,263.1
Stockholders’ 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	12.9	5.8
Retained earnings	1,785.6	1,608.4
Stock-based compensation plans	17.0	12.8
Accumulated other comprehensive loss	(182.3)	(118.2)
Treasury stock, 28,794,251 and 26,620,560 shares, respectively, at cost	(1,267.8)	(1,129.9)
Total stockholders’ equity	1,123.6	1,137.1
Total liabilities and stockholders’ equity	$ 2,519.2	$ 2,400.2