Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2016	Jul. 31, 2015
Current assets:
Cash and cash equivalents	$ 243.2	$ 189.9
Short-term investments	0.0	27.5
Accounts receivable, less allowance of $8.6 and $6.7	452.4	460.0
Inventories, net	234.1	265.0
Deferred income taxes	29.0	28.2
Prepaids and other current assets	51.0	60.1
Total current assets	1,009.7	1,030.7
Property, plant and equipment, net	469.8	470.6
Goodwill	229.3	223.7
Intangible assets, net	38.5	37.9
Other long-term assets	41.3	46.6
Total assets	1,788.6	1,809.5
Current liabilities:
Short-term borrowings	165.5	187.3
Current maturities of long-term debt	51.2	1.8
Trade accounts payable	143.3	179.2
Accrued employee compensation and related taxes	61.0	66.5
Accrued liabilities	37.5	42.9
Other current liabilities	85.3	82.9
Total current liabilities	543.8	560.6
Long-term debt	351.8	389.2
Deferred income taxes	3.1	12.5
Other long-term liabilities	118.5	68.5
Total liabilities	1,017.2	1,030.8
Commitments and contingencies
Shareholders’ 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
Retained earnings	905.1	815.2
Non-controlling interest	4.0	3.9
Stock compensation plans	(16.7)	(17.9)
Accumulated other comprehensive income (loss)	(205.6)	(162.0)
Treasury stock, 18,750,503 and 17,044,950 shares, at cost	(707.0)	(654.5)
Total shareholders’ equity	771.4	778.7
Total liabilities and shareholders’ equity	$ 1,788.6	$ 1,809.5