ACCOUNTING POLICIES AND RELATED MATTERS (Tables)

12 Months Ended

Jul. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Reconciliation between basic shares outstanding and diluted shares outstanding

The following is a reconciliation between average basic shares outstanding and average diluted shares outstanding:

	2013	2012	2011
Average basic shares outstanding	112,803	116,061	116,521
Effect of dilutive securities (a)	1,433	1,602	1,745
Average diluted shares outstanding	114,236	117,663	118,266

(a)       Refer to Note 15, Common Stock, for a description of the Company’s stock plans.