Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Oct. 31, 2014	Jul. 31, 2014
Current assets
Cash and cash equivalents	$ 192,454	$ 296,418
Short-term investments	75,146	127,201
Accounts receivable, less allowance of $6,786 and $6,763	429,000	474,157
Inventories, net	278,866	253,351
Prepaids and other current assets	92,758	74,150
Total current assets	1,068,224	1,225,277
Property, plant, and equipment, at cost	1,120,568	1,099,188
Less accumulated depreciation	648,140	647,523
Property, plant, and equipment, net	472,428	451,665
Goodwill	221,874	166,406
Intangible assets, net	42,081	36,045
Other long-term assets	65,391	63,018
Total assets	1,869,998	1,942,411
Current liabilities
Short-term borrowings	272,894	185,303
Current maturities of long-term debt	1,748	1,738
Trade accounts payable	197,137	216,603
Other current liabilities	176,305	205,936
Total current liabilities	648,084	609,580
Long-term debt	241,918	243,726
Deferred income taxes	20,292	22,386
Other long-term liabilities	67,155	64,236
Total liabilities	977,449	939,928
Shareholders' equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized, none issued
Common stock, $5.00 par value, 240,000,000 shares authorized, 151,643,194 shares issued	758,216	758,216
Retained earnings	755,975	702,435
Stock compensation plans	18,279	19,601
Accumulated other comprehensive loss	(82,709)	(45,810)
Treasury stock at cost, 14,345,280 and 11,237,522 shares at October 31, 2014 and July 31, 2014, respectively	(557,212)	(431,959)
Total shareholders' equity	892,549	1,002,483
Total liabilities and shareholders' equity	$ 1,869,998	$ 1,942,411