ACCOUNTING POLICIES AND RELATED MATTERS (Tables)

12 Months Ended

Jul. 31, 2014

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:

	2014	2013	2012
Average basic shares outstanding	110,776	112,803	116,061
Effect of dilutive securities (a)	1,173	1,433	1,602
Average diluted shares outstanding	111,949	114,236	117,663

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