Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jan. 31, 2015	Jul. 31, 2014
Current assets
Cash and cash equivalents	$ 228,998	$ 296,418
Short-term investments	28,220	127,201
Accounts receivable, less allowance of $6,878 and $6,763	431,498	474,157
Inventories	272,007	253,351
Prepaids and other current assets	100,966	74,150
Total current assets	1,061,689	1,225,277
Property, plant, and equipment, at cost	1,109,747	1,099,188
Less accumulated depreciation	(644,242)	(647,523)
Property, plant, and equipment, net	465,505	451,665
Goodwill	218,319	166,406
Intangible assets, net	37,886	36,045
Other assets	66,851	63,018
Total assets	1,850,250	1,942,411
Current liabilities
Short-term borrowings	322,160	185,303
Current maturities of long-term debt	1,830	1,738
Trade accounts payable	188,061	216,603
Other current liabilities	185,002	205,936
Total current liabilities	697,053	609,580
Long-term debt	240,896	243,726
Deferred income taxes	20,915	22,386
Other long-term liabilities	66,596	64,236
Total liabilities	1,025,460	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	760,019	702,435
Stock compensation plans	17,736	19,601
Accumulated other comprehensive loss	(128,878)	(45,810)
Treasury stock at cost, 15,007,173 and 11,237,522 shares at January 31, 2015 and July 31, 2014, respectively	(582,303)	(431,959)
Total shareholders' equity	824,790	1,002,483
Total liabilities and shareholders' equity	$ 1,850,250	$ 1,942,411