XML 65 R53.htm IDEA: XBRL DOCUMENT v3.8.0.1
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, 2018
Jan. 31, 2017
Jan. 31, 2018
Jan. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock price [1]     $ 77.15 $ 90.23
Expected volatility [2] 0.00% 0.00% 26.88% 27.00%
Risk-free interest rate [3] 0.00% 0.00% 1.48% 0.85%
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 of time-based restricted stock awards $ 82.71 $ 92.30 $ 77.19 $ 89.48
Performance Based Restricted Stock Awards        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Weighted average grant date fair value of time-based restricted stock awards $ 0.00   $ 79.87 $ 87.05
[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%.