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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Operating Activities    
Net earnings $ 231.8 $ 202.6
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 71.0 70.4
Deferred income taxes 3.0 (5.4)
Stock-based compensation expense 17.0 11.6
Other, net 4.3 16.1
Changes in operating assets and liabilities (183.2) 10.3
Net cash provided by operating activities 143.9 305.6
Investing Activities    
Purchases of property, plant and equipment (56.8) (40.2)
Acquisitions, net of cash acquired (49.0) 0.0
Net cash used in investing activities (105.8) (40.2)
Financing Activities    
Proceeds from long-term debt 249.3 0.0
Repayments of long-term debt (90.0) (165.0)
Change in short-term borrowings (16.4) 21.6
Purchase of non-controlling interests 0.0 (14.4)
Purchase of treasury stock (153.7) (78.7)
Dividends paid (81.8) (79.5)
Tax withholding payments for stock compensation transactions (1.7) (4.0)
Exercise of stock options 11.5 24.5
Net cash used in financing activities (82.8) (295.5)
Effect of exchange rate changes on cash (9.4) 8.8
Decrease in cash and cash equivalents (54.1) (21.3)
Cash and cash equivalents, beginning of period 222.8 236.6
Cash and cash equivalents, end of period 168.7 215.3
Supplemental Cash Flow Information    
Income taxes paid 80.5 76.5
Interest paid 9.4 9.0
Supplemental Disclosure of Non-Cash Operating and Investing Transactions    
Accrued property, plant and equipment additions 12.0 7.3
Leased assets obtained in exchange for new operating lease liabilities 12.9 6.2
Transfer of operating lease asset and operating lease liability 0.0 (9.2)
Recognized financing lease asset and finance lease liability $ 0.0 $ 13.9