CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012		Jul. 31, 2011
ASSETS
Cash and cash equivalents	$ 500,274		$ 557,766
Accounts receivable	655,436		646,769
Inventory	364,766		444,842
Other current assets	195,464		159,831
Assets held for sale	136,517		0
Total current assets	1,852,457		1,809,208
Property, plant and equipment	750,993		794,599
Goodwill	338,941	[1]	290,606
Intangible assets	151,144	[2]	61,735	[2]
Other non-current assets	254,357		276,268
Total assets	3,347,892		3,232,416
LIABILITIES AND STOCKHOLDERS' EQUITY
Notes payable	204,940		214,957
Accounts payable	184,868		225,398
Accrued liabilities	380,466		294,485
Income taxes payable	57,422		34,531
Current portion of long-term debt	453		511
Dividends payable	23,979		20,125
Total current liabilities	852,128		790,007
Long-term debt, net of current portion	490,706		491,954
Income taxes payable - non-current	161,684		175,040
Deferred income taxes	8,880		10,811
Other non-current liabilities	324,459		274,783
Total liabilities	1,837,857		1,742,595
Stockholders' equity:
Common stock, par value $.10 per share; 500,000 shares authorized; 127,958 shares issued	12,796		12,796
Capital in excess of par value	271,489		246,665
Retained earnings	1,840,926		1,619,051
Treasury stock, at cost (2012 - 13,770 shares, 2011 - 12,963 shares)	(552,215)		(483,705)
Stock option loans	(54)		(133)
Accumulated other comprehensive income/(loss):
Foreign currency translation	97,663		207,478
Pension liability adjustment	(164,444)		(121,831)
Unrealized investment gains	3,604		9,500
Unrealized gains on derivatives	270		0
Total accumulated other comprehensive income/(loss)	(62,907)		95,147
Total stockholders' equity	1,510,035		1,489,821
Total liabilities and stockholders' equity	$ 3,347,892		$ 3,232,416

[1] For further discussion regarding environmental remediation liabilities refer to Note 14, Contingencies and Commitments.

[2] Goodwill and intangible assets as of July 31, 2012 exclude goodwill and intangible assets, net, classified as held for sale of $18,514 and $524, respectively. See Note 19, Discontinued Operations, for further details.