Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 31, 2016	Jul. 31, 2016
Current assets
Cash and cash equivalents	$ 262.2	$ 243.2
Accounts receivable, less allowance of $9.5 and $8.6	415.0	452.4
Inventories, net	249.2	234.1
Prepaids and other current assets	66.6	80.0
Total current assets	993.0	1,009.7
Property, plant, and equipment, at cost	1,156.5	1,150.6
Less accumulated depreciation	(690.4)	(680.8)
Property, plant, and equipment, net	466.1	469.8
Goodwill	228.7	229.3
Intangible assets, net	41.8	38.5
Deferred income taxes	33.6	7.8
Other long-term assets	30.9	31.9
Total assets	1,794.1	1,787.0
Current liabilities
Short-term borrowings	169.1	165.5
Current maturities of long-term debt	75.9	51.2
Trade accounts payable	160.7	143.3
Other current liabilities	157.7	183.8
Total current liabilities	563.4	543.8
Long-term debt	324.7	350.2
Deferred income taxes	3.2	3.1
Other long-term liabilities	118.1	118.5
Total liabilities	1,009.4	1,015.6
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	961.0	905.1
Non-controlling interest	4.1	4.0
Stock compensation plans	16.5	16.7
Accumulated other comprehensive loss	(214.6)	(205.6)
Treasury stock, 19,670,723 and 18,750,503 shares, at cost	(740.5)	(707.0)
Total shareholders' equity	784.7	771.4
Total liabilities and shareholders' equity	$ 1,794.1	$ 1,787.0