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ACCRUED AND OTHER NON-CURRENT LIABILITIES (Details 1) (USD $)
In Thousands, unless otherwise specified
Jul. 31, 2012
Jul. 31, 2011
Other Liabilities Disclosure [Abstract]    
Retirement benefits $ 279,610 [1] $ 218,395 [1]
Interest payable - non-current 7,861 22,504
Deferred revenue 5,205 [2] 7,359 [2]
Environmental remediation 9,737 [3] 12,301 [3]
Other 22,046 14,224
Other non-current liabilities $ 324,459 $ 274,783
[1] For discussion regarding retirement benefits refer to Note 13, Pension and Profit Sharing Plans and Arrangements.
[2] On December 16, 2005, the Company sold the rights to its Americas 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.
[3] For further discussion regarding environmental remediation liabilities refer to Note 14, Contingencies and Commitments.