ACCRUED AND OTHER NON-CURRENT LIABILITIES (Tables)

12 Months Ended

Jul. 31, 2011

Accrued and Other Non Current Liabilities (Tables) [Abstract]

Schedule of Accrued liabilities

Schedule of  Accrued liabilities

	2011		2010
Payroll and related taxes	$	148,063	$	128,953
Customer advances		40,203		31,590
Benefits		18,549		15,208
Interest payable		7,257		25,277
Environmental remediation (a)		2,985		3,452
Deferred income taxes		1,188		103
Other		76,240		65,661
	$	294,485	$	270,244

(a)For further discussion regarding environmental remediation liabilities refer to Note 14, Contingencies and Commitments.

Schedule of Other Non-current liabilities

Schedule of Other Non-current liabilities
		2011		2010
	Retirement benefits (b)	$	218,395	$	243,564
	Interest payable – non-current		22,504		20,323
	Deferred revenue (c)		7,359		9,513
	Environmental remediation (a)		12,301		9,351
	Other		14,224		12,838
		$	274,783	$	295,589

(a)	For further discussion regarding environmental remediation liabilities refer to Note 14, Contingencies and Commitments.
(b)	For discussion regarding retirement benefits refer to Note 13, Pension and Profit Sharing Plans and Arrangements.
(c)	On December 16, 2005, the Company sold the rights to its Western Hemisphere commercial aerospace aftermarket distribution channel for the Company’s products for a ten-year period to Satair. The proceeds received for the distribution rights were recorded as deferred revenue and are being amortized as an increase to sales over the life of the distribution agreement.