<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUL-31-1996 <PERIOD-START> AUG-01-1995 <PERIOD-END> JUL-31-1996 <CASH> 23,618 <SECURITIES> 39,025 <RECEIVABLES> 152,133 <ALLOWANCES> (3,215) <INVENTORY> 71,332 <CURRENT-ASSETS> 304,108 <PP&E> 557,069 <DEPRECIATION> (268,197) <TOTAL-ASSETS> 695,850 <CURRENT-LIABILITIES> 97,870 <BONDS> 30,600 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 45,587 <OTHER-SE> 464,856 <TOTAL-LIABILITY-AND-EQUITY> 695,850 <SALES> 862,287 <TOTAL-REVENUES> 862,287 <CGS> 538,373 <TOTAL-COSTS> 745,365 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 560 <INTEREST-EXPENSE> 1,311 <INCOME-PRETAX> 118,478 <INCOME-TAX> 45,479 <INCOME-CONTINUING> 72,999 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 72,999 <EPS-PRIMARY> 1.60 <EPS-DILUTED> 1.60