Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Apr. 30, 2015	Jul. 31, 2014
Current assets
Cash and cash equivalents	$ 222,338	$ 296,418
Short-term investments	28,062us-gaap_ShortTermInvestments	127,201us-gaap_ShortTermInvestments
Accounts receivable, less allowance of $7,737 and $6,763	422,801us-gaap_AccountsReceivableNetCurrent	474,157us-gaap_AccountsReceivableNetCurrent
Inventories	285,678us-gaap_InventoryNet	253,351us-gaap_InventoryNet
Prepaids and other current assets	93,823	74,150
Total current assets	1,052,702us-gaap_AssetsCurrent	1,225,277us-gaap_AssetsCurrent
Property, plant, and equipment, at cost	1,125,459us-gaap_PropertyPlantAndEquipmentGross	1,099,188us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation	(656,648)	(647,523)
Property, plant, and equipment, net	468,811us-gaap_PropertyPlantAndEquipmentNet	451,665us-gaap_PropertyPlantAndEquipmentNet
Goodwill	218,255us-gaap_Goodwill	166,406us-gaap_Goodwill
Intangible assets, net	36,002	36,045
Other assets	70,062us-gaap_OtherAssetsNoncurrent	63,018us-gaap_OtherAssetsNoncurrent
Total assets	1,845,832us-gaap_Assets	1,942,411us-gaap_Assets
Current liabilities
Short-term borrowings	286,440us-gaap_ShortTermBorrowings	185,303us-gaap_ShortTermBorrowings
Current maturities of long-term debt	1,841	1,738
Trade accounts payable	187,060us-gaap_AccountsPayableCurrent	216,603us-gaap_AccountsPayableCurrent
Other current liabilities	168,600us-gaap_OtherLiabilitiesCurrent	205,936us-gaap_OtherLiabilitiesCurrent
Total current liabilities	643,941us-gaap_LiabilitiesCurrent	609,580us-gaap_LiabilitiesCurrent
Long-term debt	265,192	243,726
Deferred income taxes	21,773	22,386
Other long-term liabilities	67,400us-gaap_OtherLiabilitiesNoncurrent	64,236us-gaap_OtherLiabilitiesNoncurrent
Total liabilities	998,306us-gaap_Liabilities	939,928us-gaap_Liabilities
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	758,216us-gaap_CommonStockValue	758,216us-gaap_CommonStockValue
Retained earnings	805,197	702,435
Stock compensation plans	17,678us-gaap_DeferredCompensationEquity	19,601us-gaap_DeferredCompensationEquity
Accumulated other comprehensive loss	(129,665)	(45,810)
Treasury stock at cost, 15,586,296 and 11,237,522 shares at April 30, 2015 and July 31, 2014, respectively	(603,900)us-gaap_TreasuryStockValue	(431,959)us-gaap_TreasuryStockValue
Total shareholders' equity	847,526us-gaap_StockholdersEquity	1,002,483us-gaap_StockholdersEquity
Total liabilities and shareholders' equity	$ 1,845,832	$ 1,942,411

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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