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Earnings Per Share | 9 Months Ended
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Apr. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Note 9. Earnings Per Share Basic net earnings per share (EPS) is computed by dividing net earnings by the weighted average number of outstanding common shares. Diluted net EPS is computed by dividing net earnings by the weighted average number of outstanding common shares and common share equivalents relating to stock options and other stock incentive plans. Basic and diluted net EPS calculations were as follows (in millions, except per share amounts):
| Three Months Ended April 30, |  | Nine Months Ended April 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net earnings | $ | 93.7 |  |  | $ | 83.0 |  |  | $ | 266.9 |  |  | $ | 231.8 |
Weighted average common shares outstanding |  |  |  |  |  |  |
Weighted average common shares – basic | 121.6 |  |  | 123.4 |  |  | 122.0 |  |  | 123.9 |
Dilutive impact of stock-based awards | 1.9 |  |  | 1.2 |  |  | 1.7 |  |  | 1.7 |
Weighted average common shares – diluted | 123.5 |  |  | 124.6 |  |  | 123.7 |  |  | 125.6 |
Net EPS – basic | $ | 0.77 |  |  | $ | 0.67 |  |  | $ | 2.19 |  |  | $ | 1.87 |
Net EPS – diluted | $ | 0.76 |  |  | $ | 0.67 |  |  | $ | 2.16 |  |  | $ | 1.85 |
Stock options excluded from net EPS calculation | — |  |  | 1.7 |  |  | 1.5 |  |  | 1.6 |

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