PENSION AND PROFIT SHARING PLANS AND ARRANGEMENTS (Tables)

12 Months Ended

Jul. 31, 2011

Pension and Profit Sharing Plans and Arrangements [Abstract]

	U.S. Plans						Foreign Plans						Total
	2011			2010			2011			2010			2011			2010
Change in benefit obligation:
Benefit obligation - beginning of year	$	238,809		$	210,575		$	365,680		$	332,489		$	604,489		$	543,064
Curtailments and settlements		–			–			(8,832	)		(93	)		(8,832	)		(93	)
Service cost		8,058			7,954			5,260			4,868			13,318			12,822
Interest cost		12,264			12,213			18,495			17,684			30,759			29,897
Plan participant contributions		–			–			25			25			25			25
Plan amendments		4			4,053			(2,806	)		–			(2,802	)		4,053
Actuarial loss		14,425			14,462			3,492			39,936			17,917			54,398
Total benefits paid		(12,069	)		(10,448	)		(14,506	)		(11,657	)		(26,575	)		(22,105	)
Effect of exchange rates		–			–			23,811			(17,572	)		23,811			(17,572	)
Benefit obligation – end of year		261,491			238,809			390,619			365,680			652,110			604,489

Change in plan assets

		U.S. Plans						Foreign Plans						Total
		2011			2010			2011			2010			2011			2010
Change in plan assets (a):
Fair value of plan assets – beginning of year		114,588			95,773			241,883			211,436			356,471			307,209
Curtailments and settlements		–			–			(8,832	)		–			(8,832	)		–
Actual return on plan assets		14,131			8,845			28,213			24,477			42,344			33,322
Company contributions		24,688			20,418			25,888			26,835			50,576			47,253
Plan participant contributions		–			–			25			25			25			25
Benefits paid from plan assets		(12,069	)		(10,448	)		(14,506	)		(11,657	)		(26,575	)		(22,105	)
Effect of exchange rates		–			–			14,758			(9,233	)		14,758			(9,233	)
Fair value of plan assets - end of year		141,338			114,588			287,429			241,883			428,767			356,471

Funded status (a)	$	(120,153	)	$	(124,221	)	$	(103,190	)	$	(123,797	)	$	(223,343	)	$	(248,018	)

(a) The Company has certain supplemental defined benefit plans, which provide benefits to eligible executives in the U.S. and employees abroad for which the above tables do not include certain Company assets relating to these plans of $75,012 and $61,685 for the U.S. plans and $20,992 and $19,753 for the foreign plans as of July 31, 2011 and July 31, 2010, respectively. Liabilities, included in the tables above, related to these plans were $99,169 and $85,361 for the U.S. plans and $55,859 and $52,063 for the foreign plans as of July 31, 2011 and July 31, 2010, respectively.

Plans with accumulated benefit obligations in excess of plan assets

	U.S. Plans				Foreign Plans				Total
	2011		2010		2011		2010		2011		2010
Accumulated benefit obligation	$	240,430	$	215,548	$	377,910	$	355,109	$	618,340	$	570,657

Plans with accumulated benefit obligations in excess
of plan assets consist of the following:
Accumulated benefit obligation	$	240,430	$	215,548	$	375,368	$	354,183	$	615,798	$	569,731
Projected benefit obligation		261,491		238,809		387,542		364,754		649,033		603,563
Plan assets at fair value		141,338		114,588		284,667		240,774		426,005		355,362

Benefit Plan recognized in Balance Sheet

	U.S. Plans						Foreign Plans
	2011			2010			2011			2010
Amounts recognized in the balance sheet consists of:
Non-current assets	$	–		$	–		$	177		$	183
Current liabilities		(3,746	)		(3,328	)		(1,379	)		(1,309	)
Non-current liabilities		(116,407	)		(120,893	)		(101,988	)		(122,671	)
Net amount recognized	$	(120,153	)	$	(124,221	)	$	(103,190	)	$	(123,797	)

Net periodic benefit cost for the Company's defined benefit pension plans

Net periodic benefit cost for the Company’s defined benefit pension plans

	U.S. Plans									Foreign Plans
	2011			2010			2009			2011			2010			2009
Service cost	$	8,058		$	7,954		$	8,132		$	5,260		$	4,868		$	4,723
Interest cost		12,264			12,213			12,426			18,495			17,684			16,025
Expected return on plan assets		(8,381	)		(8,092	)		(8,455	)		(14,319	)		(13,309	)		(13,132	)
Amortization of prior service cost		2,142			1,813			1,538			310			256			235
Amortization of actuarial loss		5,826			2,432			1,056			5,702			2,765			701
Gain due to curtailments and
settlements		–			–			–			1,776			(43	)		(9	)
Net periodic benefit cost	$	19,909		$	16,320		$	14,697		$	17,224		$	12,221		$	8,543

Other changes in plan assets and benefit obligations recognized in other comprehensive income

	U.S. Plans			Foreign Plans
Net actuarial loss/(gain)	$	8,675		$	(10,402	)
Recognized actuarial loss (including impact of curtailments and settlements)		(5,826	)		(7,478	)
Prior service cost/(credit)		4			(2,806	)
Recognized prior service cost		(2,142	)		(310	)
Effect of exchange rates on amounts included in accumulated other
comprehensive income		–			5,725
Total recognized in other comprehensive (income)/loss, before tax effects	$	711		$	(15,271	)
Total recognized in other comprehensive (income)/loss, net of tax effects	$	455		$	(11,201	)
Total recognized in net periodic benefit cost and other comprehensive
(income)/loss, before tax effects	$	20,620		$	1,953
Total recognized in net periodic benefit cost and other comprehensive
(income)/loss, net of tax effects	$	13,197		$	362

Schedule of Amounts recognized in accumulated other comprehensive income (before tax effects)

July 31, 2011

			Foreign
	U.S. Plans		Plans			Total
Prior service cost/(credit)	$	9,513	$	(1,716	)	$	7,797
Net loss		76,451		99,337			175,788
Total amounts recognized in accumulated other
comprehensive income	$	85,964	$	97,621		$	183,585

Schedule of Amounts recognized in accumulated other comprehensive income (before tax effects)

July 31, 2010

			Foreign
	U.S. Plans		Plans		Total
Prior service cost	$	11,651	$	1,256	$	12,907
Net loss		73,602		111,636		185,238
Total amounts recognized in accumulated other
comprehensive income	$	85,253	$	112,892	$	198,145

Amounts in accumulated other comprehensive income expected to be amortized as components of net periodic benefit cost

			Foreign
	U.S. Plans		Plans			Total
Prior service cost/(credit)	$	1,779	$	(134	)	$	1,645
Net actuarial loss	$	7,733	$	5,438		$	13,171

Schedule of weighted-average assumptions used to determine benefit obligations and net periodic benefit cost

	U.S. Plans						Foreign Plans
	2011		2010		2009		2011		2010		2009
Assumptions used to determine
benefit obligations
Discount rate	5.00	%	5.25	%	6.00	%	4.90	%	5.00	%	5.66	%
Rate of compensation increase	4.61	%	4.63	%	4.66	%	3.18	%	3.00	%	3.01	%

Assumptions used to determine
net periodic benefit cost
Discount rate	5.25	%	6.00	%	6.75	%	5.00	%	5.66	%	5.92	%
Expected long-term rate of return on
plan assets	7.00	%	7.00	%	7.00	%	5.71	%	5.92	%	6.33	%
Rate of compensation increase	4.63	%	4.66	%	4.69	%	3.00	%	3.01	%	3.15	%

Schedule of Fair Value Measurements

			Fair Value Measurements
	As of
	Jul. 31, 2011		Level 1		Level 2		Level 3
U.S. Plans
Assets
Investments
Equity securities	$	77,753	$	77,753	$	–	$	–
Debt securities:
Other U.S. government &
mortgage/asset-backed		19,070		–		19,070		–
Corporate		16,664		–		16,664		–
U.S. Treasury		6,846		–		6,846		–
Other investments:
Limited partnership		10,058		–		–		10,058
Commingled funds		13,168		–		13,168		–
Total investments		143,559		77,753		55,748		10,058
Other receivables		388		388		–		–
Total assets	$	143,947	$	78,141	$	55,748	$	10,058

Liabilities
Payables	$	2,609	$	2,609	$	–	$	–
Total liabilities		2,609		2,609		–		–
Net U.S. pension assets	$	141,338	$	75,532	$	55,748	$	10,058

Foreign Plans
Cash equivalents	$	455	$	455	$	–	$	–
Equity securities		126,137		126,137		–		–
Debt securities:
Corporate		41,544		–		41,544		–
Government bonds		46,414		–		46,414		–
Other investments:
Commingled funds		51,266		–		39,101		12,165
Insurance contracts		13,631		–		–		13,631
Real estate funds		8,617		–		–		8,617
Total foreign pension assets	$	288,064	$	126,592	$	127,059	$	34,413

Liabilities
Longevity derivative	$	635	$	–	$	–	$	635
Total liabilities		635		–		–		635
Net foreign pension assets	$	287,429	$	126,592	$	127,059	$	33,778

			Fair Value Measurements
	As of
	Jul. 31, 2010		Level 1		Level 2		Level 3
U.S. Plans
Assets
Investments
Equity securities	$	57,773	$	57,773	$	–	$	–
Debt securities:
Other U.S. government &
mortgage/asset-backed		16,167		–		16,167		–
Corporate		13,719		–		13,719		–
U.S. Treasury		10,269		–		10,269		–
Other investments:
Limited partnership		6,794		–		–		6,794
Commingled funds		14,602		–		14,602		–
Total investments		119,324		57,773		54,757		6,794
Other receivables		412		412		–		–
Total assets	$	119,736	$	58,185	$	54,757	$	6,794

Liabilities
Payables	$	5,148	$	5,148	$	–	$	–
Total liabilities		5,148		5,148		–		–
Net U.S. pension assets	$	114,588	$	53,037	$	54,757	$	6,794

Foreign Plans
Assets
Cash equivalents	$	8,260	$	8,260	$	–	$	–
Equity securities		103,745		103,745		–		–
Debt securities:
Corporate		40,577		–		40,577		–
Government bonds		28,258		–		28,258		–
Other investments:
Commingled funds		41,023		–		39,405		1,618
Insurance contracts		12,309		–		–		12,309
Real estate funds		7,711		–		–		7,711
Net foreign pension assets	$	241,883	$	112,005	$	108,240	$	21,638

Analysis of changes in Level 3 plan assets

	Fair Value Measurements Using Significant Unobservable Inputs
	(Level 3)
	Limited		Commingled		Insurance			Real estate		Longevity
	partnership		funds		contracts			funds		derivative			Total
Beginning Balance at July 31, 2010	$	6,794	$	1,618	$	12,309		$	7,711	$	–		$	28,432
Actual return on plan assets:
Assets held, end of year		739		324		509			550		(619	)		1,503
Assets sold during the period		25		–		–			–		–			25
Purchases, sales, and
settlements, net		2,500		9,798		(725	)		6					11,579
Exchange rate changes		–		425		1,538			350		(16	)		2,297
Ending balance at July 31, 2011	$	10,058	$	12,165	$	13,631		$	8,617	$	(635	)	$	43,836

	Fair Value Measurements Using Significant Unobservable Inputs
	(Level 3)
	Limited		Commingled			Insurance			Real estate
	partnership		funds			contracts			funds			Total
Beginning Balance at July 31, 2009	$	6,184	$	1,698		$	13,210		$	7,320		$	28,412
Actual return on plan assets:
Assets held, end of year		610		38			431			839			1,918
Assets sold during the period		–		5			10			–			15
Purchases, sales, and
settlements, net		–		26			(209	)		–			(183	)
Exchange rate changes		–		(149	)		(1,133	)		(448	)		(1,730	)
Ending balance at July 31, 2010	$	6,794	$	1,618		$	12,309		$	7,711		$	28,432

Schedule of Expected pension benefit payments

Expected pension benefit payments
2012	$	24,097
2013		34,814
2014		27,007
2015		29,681
2016		32,328
2017-2021		188,186