PENSION AND PROFIT SHARING PLANS AND ARRANGEMENTS (Tables)

12 Months Ended

Jul. 31, 2012

Compensation and Retirement Disclosure [Abstract]

Change in Benefit obligation

	U.S. Plans						Foreign Plans						Total
	2012			2011			2012			2011			2012			2011
Change in benefit obligation:
Benefit obligation - beginning of year	$	261,491		$	238,809		$	390,619		$	365,680		$	652,110		$	604,489
Curtailments and settlements	—			—			(5,112		)	(8,832		)	(5,112		)	(8,832		)
Service cost	8,924			8,058			4,726			5,260			13,650			13,318
Interest cost	12,722			12,264			18,100			18,495			30,822			30,759
Plan participant contributions	—			—			18			25			18			25
Plan amendments	1,428			4			1,082			(2,806		)	2,510			(2,802		)
Actuarial loss	48,856			14,425			20,679			3,492			69,535			17,917
Total benefits paid	(13,842		)	(12,069		)	(11,916		)	(14,506		)	(25,758		)	(26,575		)
Effect of exchange rates	—			—			(25,895		)	23,811			(25,895		)	23,811
Benefit obligation – end of year	319,579			261,491			392,301			390,619			711,880			652,110

Change in plan assets

Change in plan assets (a):
Fair value of plan assets – beginning of year	141,338			114,588			287,429			241,883			428,767			356,471
Curtailments and settlements	—			—			(4,861		)	(8,832		)	(4,861		)	(8,832		)
Actual return on plan assets	3,573			14,131			8,008			28,213			11,581			42,344
Company contributions	11,329			24,688			17,895			25,888			29,224			50,576
Plan participant contributions	—			—			18			25			18			25
Benefits paid from plan assets	(13,842		)	(12,069		)	(11,916		)	(14,506		)	(25,758		)	(26,575		)
Effect of exchange rates	—			—			(13,139		)	14,758			(13,139		)	14,758
Fair value of plan assets - end of year	142,398			141,338			283,434			287,429			425,832			428,767
Funded status (a)	$	(177,181	)	$	(120,153	)	$	(108,867	)	$	(103,190	)	$	(286,048	)	$	(223,343	)

Plans with accumulated benefit obligations in excess of plan assets

Accumulated benefit obligation	$	297,088	$	240,430	$	378,654	$	377,910	$	675,742	$	618,340
Plans with accumulated benefit obligations in excess of plan assets consist of the following:
Accumulated benefit obligation	$	297,088	$	240,430	$	375,177	$	375,368	$	672,265	$	615,798
Projected benefit obligation	319,579		261,491		388,824		387,542		708,403		649,033
Plan assets at fair value	142,398		141,338		279,418		284,667		421,816		426,005

Benefit Plan recognized in Balance Sheet

	U.S. Plans						Foreign Plans						Total
	2012			2011			2012			2011			2012			2011
Amounts recognized in the balance sheet consists of:
Non-current assets	$	—		$	—		$	538		$	177		$	538		$	177
Current liabilities	(3,899		)	(3,746		)	(3,077		)	(1,379		)	(6,976		)	(5,125		)
Non-current liabilities	(173,282		)	(116,407		)	(106,328		)	(101,988		)	(279,610		)	(218,395		)
Net amount recognized	$	(177,181	)	$	(120,153	)	$	(108,867	)	$	(103,190	)	$	(286,048	)	$	(223,343	)

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

Net periodic benefit cost for the Company’s defined benefit pension plans includes the following components:

	U.S. Plans									Foreign Plans									Total
	2012			2011			2010			2012			2011			2010			2012			2011			2010
Service cost	$	8,924		$	8,058		$	7,954		$	4,726		$	5,260		$	4,868		$	13,650		$	13,318		$	12,822
Interest cost	12,722			12,264			12,213			18,100			18,495			17,684			30,822			30,759			29,897
Expected return on plan assets	(9,212		)	(8,381		)	(8,092		)	(15,582		)	(14,319		)	(13,309		)	(24,794		)	(22,700		)	(21,401		)
Amortization of prior service cost	1,779			2,142			1,813			(93		)	310			256			1,686			2,452			2,069
Amortization of actuarial loss	7,998			5,826			2,432			5,237			5,702			2,765			13,235			11,528			5,197
Gain/(loss) due to curtailments and settlements	—			—			—			589			1,776			(43		)	589			1,776			(43		)
Net periodic benefit cost	$	22,211		$	19,909		$	16,320		$	12,977		$	17,224		$	12,221		$	35,188		$	37,133		$	28,541

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

Other changes in plan assets and benefit obligations recognized in other comprehensive income for the year ending July 31, 2012 are as follows:

	U.S. Plans			Foreign Plans			Total
Net actuarial loss	$	54,495		$	28,253		$	82,748
Recognized actuarial loss (including impact of curtailments and settlements)	(7,998		)	(5,237		)	(13,235		)
Prior service cost	1,428			1,082			2,510
Recognized prior service (cost)/credit	(1,779		)	93			(1,686		)
Impact of curtailments and settlements	—			(841		)	(841		)
Effect of exchange rates on amounts included in accumulated other comprehensive income	—			(6,023		)	(6,023		)
Total recognized in other comprehensive (income)/loss, before tax effects	$	46,146		$	17,327		$	63,473
Total recognized in other comprehensive (income)/loss, net of tax effects	$	29,534		$	13,079		$	42,613
Total recognized in net periodic benefit cost and other comprehensive (income)/loss, before tax effects	$	68,357		$	30,304		$	98,661
Total recognized in net periodic benefit cost and other comprehensive (income)/loss, net of tax effects	$	43,749		$	22,119		$	65,868

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

Amounts recognized in accumulated other comprehensive income (before tax effects) as of July 31, 2012 are as follows:

	U.S. Plans		Foreign Plans			Total
Prior service cost/(credit)	$	9,162	$	(524	)	$	8,638
Net loss	122,948		115,472			238,420
Total amounts recognized in accumulated other comprehensive income	$	132,110	$	114,948		$	247,058

Amounts recognized in accumulated other comprehensive income (before tax effects) as of July 31, 2011 are as follows:

	U.S. Plans		Foreign 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

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

Amounts in accumulated other comprehensive income expected to be amortized as components of net periodic benefit cost during fiscal year 2013 are as follows:

	U.S. Plans			Foreign Plans			Total
Prior service cost/(credit)	$	(1,620	)	$	67		$	(1,553	)
Net actuarial loss	$	(9,738	)	$	(5,487	)	$	(15,225	)

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

The following table provides the weighted-average assumptions used to determine benefit obligations and net periodic benefit cost:

	U.S. Plans						Foreign Plans
	2012		2011		2010		2012		2011		2010
Assumptions used to determine benefit obligations
Discount rate	3.40	%	5.00	%	5.25	%	4.10	%	4.90	%	5.00	%
Rate of compensation increase	3.45	%	4.61	%	4.63	%	3.18	%	3.18	%	3.00	%
Assumptions used to determine net periodic benefit cost
Discount rate	5.00	%	5.25	%	6.00	%	4.90	%	5.00	%	5.66	%
Expected long-term rate of return on plan assets	7.00	%	7.00	%	7.00	%	5.88	%	5.71	%	5.92	%
Rate of compensation increase	4.61	%	4.63	%	4.66	%	3.18	%	3.00	%	3.01	%

Schedule of Fair Value Measurements

The following tables present, for each of the fair value hierarchy levels (as defined in Note 9, Fair Value Measurements) the Company’s U.S. and Foreign defined benefit net pension plan assets as of July 31, 2012 and July 31, 2011:

			Fair Value Measurements
	As of Jul. 31, 2012		Level 1		Level 2		Level 3
U.S. Plans
Assets
Investments
Equity securities	$	74,115	$	74,115	$	—	$	—
Debt securities:
Federal agency	3,567		—		3,567		—
Mortgage/ asset-backed	14,664		—		14,664		—
Corporate	17,015		—		17,015		—
U.S. Treasury	8,642		—		8,642		—
Other investments:
Limited partnership	9,634		—		—		9,634
Commingled funds	17,116		—		17,116		—
Total investments	144,753		74,115		61,004		9,634
Other receivables	1,006		1,006		—		—
Total assets	145,759		75,121		61,004		9,634
Liabilities
Payables	3,361		3,361		—		—
Total liabilities	3,361		3,361		—		—
Net U.S. pension assets	$	142,398	$	71,760	$	61,004	$	9,634
Foreign Plans
Cash equivalents	$	7,871	$	7,871	$	—	$	—
Equity securities	122,204		122,204		—		—
Debt securities:
Corporate	41,852		—		41,852		—
Government bonds	72,132		—		72,132		—
Other investments:
Commingled funds	19,106		—		8,196		10,910
Insurance contracts	12,180		—		—		12,180
Real estate funds	8,701		—		—		8,701
Total foreign pension assets	284,046		130,075		122,180		31,791
Liabilities
Longevity derivative	612		$	—	$	—	$	612
Total liabilities	612		—		—		612
Net foreign pension assets	$	283,434	$	130,075	$	122,180	$	31,179
Total pension assets	$	425,832	$	201,835	$	183,184	$	40,813

			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:
Federal agency	5,558		—		5,558		—
Mortgage/ asset-backed	12,856		—		12,856		—
Corporate	17,320		—		17,320		—
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
Total pension assets	$	428,767	$	202,124	$	182,807	$	43,836

Analysis of changes in Level 3 plan assets

The following tables present an analysis of changes during fiscal year 2012 and fiscal year 2011 in Level 3 plan assets, by plan asset class, for U.S. and Foreign pension plans using significant unobservable inputs to measure fair value:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Limited partnership			Commingled funds			Insurance contracts			Real estate funds			Longevity derivative			Total
Beginning Balance at July 31, 2011	$	10,058		$	12,165		$	13,631		$	8,617		$	(635	)	$	43,836
Actual return on plan assets:
Assets held, end of year	(399		)	234			676			435			(3		)	943
Assets sold during the period	(25		)							—						(25		)
Purchases, sales, and settlements, net	—			(841		)	(170		)	—						(1,011		)
Exchange rate changes	—			(648		)	(1,957		)	(351		)	26			(2,930		)
Ending balance at July 31, 2012	$	9,634		$	10,910		$	12,180		$	8,701		$	(612	)	$	40,813

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Limited partnership		Commingled funds		Insurance contracts			Real estate funds		Longevity 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

Schedule of Expected pension benefit payments

The following table provides the pension benefits expected to be paid to participants in the next ten fiscal years, which include payments funded from the Company’s assets, as discussed above, as well as payments paid from plan assets:

Expected pension benefit payments
2013	$	32,706
2014	26,297
2015	30,033
2016	31,255
2017	33,257
2018-2022	190,742