XML 68 R56.htm IDEA: XBRL DOCUMENT v3.3.1.900
Fair Value of TSR Performance-Based Awards Valuation Assumption (Detail) - Total Shareholders Return Performance-based Awards - $ / shares
3 Months Ended 6 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Jan. 31, 2016
Jan. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock Price [1] $ 81.90 $ 73.91 $ 84.06 $ 71.34
Expected volatility [2] 27.60% 28.40% 26.40% 29.40%
Risk-free interest rate [3] 1.16% 0.83% 1.04% 1.00%
Expected annual dividend yield [4] 0.00% 0.00% 0.00% 0.00%
Time Based Restricted Stock Awards        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Weighted average grant date fair value $ 81.90 $ 74.06 $ 83.99 $ 71.22
Performance Based Restricted Stock Award        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Weighted average grant date fair value $ 100.82 $ 82.49 $ 98.81 $ 78.42
[1] The stock price is the closing price of our common stock on the date of grant.
[2] The expected volatility for each grant is determined based on the historical volatility for the peer group companies and our common stock over a period equal to the remaining term of the performance period from the date of grant for all awards.
[3] The risk-free interest rate is determined based on the yield of zero-coupon U.S. Treasury securities for a period that is commensurate with the performance period.
[4] Dividends are considered reinvested when calculating TSR. The dividend yield is therefore considered to be 0%.