Acquisitions (Tables)

9 Months Ended

Jan. 31, 2016

Components of business acquisition purchase price

The following table summarizes the purchase price of the Big Heart acquisition.



Shares issued	$	2,035.5
Assumed debt from Big Heart	2,630.2
Cash consideration, net of cash acquired	1,232.1
Total purchase price	$	5,897.8

Estimated fair values of the assets acquired and liabilities assumed

The following table summarizes the preliminary fair values at January 31, 2016, of the assets acquired and liabilities assumed at the acquisition date.



Assets acquired:
Trade receivables	$	142.0
Inventories	254.5
Other current assets	196.8
Property, plant, and equipment	324.0
Other intangible assets - net	4,009.8
Goodwill	2,874.1
Other noncurrent assets	28.3
Total assets acquired	$	7,829.5
Liabilities assumed:
Current liabilities	$	385.6
Deferred income taxes	1,464.0
Other noncurrent liabilities	82.1
Total liabilities assumed	$	1,931.7
Net assets acquired	$	5,897.8

The purchase price allocated to the identifiable intangible assets

The purchase price was preliminarily allocated to the identifiable intangible assets acquired as follows:



Intangible assets with finite lives:
Customer relationships (25-year useful life)	$	2,289.8
Trademarks (15-year useful life)	257.0
Intangible assets with indefinite lives:
Trademarks	1,463.0
Total intangible assets	$	4,009.8

Business acquisition pro forma information

Big Heart’s results of operations are included in our consolidated financial statements from the date of the transaction. Had the transaction occurred at the beginning of the full comparable prior year period, the unaudited pro forma consolidated results would have been as follows:



	Three Months Ended January 31, 2015		Nine Months Ended January 31, 2015
Net sales	$	2,029.9	$	5,930.7
Net income	194.1		490.5
Net income per common share - assuming dilution	1.62		4.10