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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Operating Activities    
Net income $ 497.7 $ 435.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 165.5 114.1
Amortization 158.2 75.3
Share-based compensation expense 26.9 15.9
Gain on divestiture (25.3) 0.0
Loss on disposal of assets – net 3.8 4.3
Other noncash adjustments (1.5) (0.6)
Defined benefit pension contributions (2.4) (4.3)
Changes in assets and liabilities, net of effect from businesses acquired:    
Trade receivables (79.0) (65.3)
Inventories 192.1 (16.5)
Other current assets 27.7 43.0
Accounts payable (14.8) (68.9)
Accrued liabilities 108.1 (60.5)
Proceeds from settlement of interest rate swap 0.0 53.5
Income and other taxes 66.7 8.2
Other – net (0.9) (21.8)
Net Cash Provided by Operating Activities 1,122.8 511.6
Investing Activities    
Business acquired, net of cash acquired 7.9 (80.5)
Equity investment in affiliate (16.0) 0.0
Additions to property, plant, and equipment (160.8) (162.1)
Proceeds from divestiture 193.7 0.0
Proceeds from disposal of property, plant, and equipment 0.2 1.6
Other – net 5.7 (12.0)
Net Cash Provided by (Used for) Investing Activities 30.7 (253.0)
Financing Activities    
Short-term (repayments) borrowings - net (88.0) 15.6
Repayments of long-term debt (800.0) (100.0)
Quarterly dividends paid (236.5) (189.0)
Purchase of treasury shares (7.8) (15.3)
Other – net 2.6 10.3
Net Cash Used for Financing Activities (1,129.7) (278.4)
Effect of exchange rate changes on cash (8.9) (22.0)
Net increase (decrease) in cash and cash equivalents 14.9 (41.8)
Cash and cash equivalents at beginning of period 125.6 153.5
Cash and Cash Equivalents at End of Period $ 140.5 $ 111.7