v3.25.3

Employee Benefit Plans | 3 Months Ended
--- | ---
Oct. 31, 2025
Retirement Benefits, Description [Abstract] |
Employee Benefit Plans | Note 13. Employee Benefit Plans The Company has defined benefit pension plans for certain hourly and salaried employees. They consist of plans in the U.S., Belgium, Germany, Mexico and the United Kingdom. These plans generally provide pension benefits based on years of service and compensation level. Components of net periodic pension costs other than the service cost component are included in other income, net in the Condensed Consolidated Statements of Earnings. Net periodic pension costs for the Company’s pension plans were as follows (in millions):
| Three Months Ended October 31, |  |
| 2025 |  | 2024 |  |  |  |
Service cost | $ | 1.3 |  |  | $ | 1.2 |  |  |  |  |
Interest cost | 5.1 |  |  | 4.9 |  |  |  |  |
Expected return on assets | (6.3) |  |  | (6.4) |  |  |  |  |
Actuarial loss amortization | 0.5 |  |  | 0.6 |  |  |  |  |
Net periodic pension costs | $ | 0.6 |  |  | $ | 0.3 |  |  |  |  |
The Company’s general funding policy is to make at least the minimum required contributions under applicable regulations, plus any additional amounts it determines to be appropriate. Future required pension plan contributions may change significantly depending on the actual rate of return on plan assets, discount rates and regulatory requirements.

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