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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Operating Activities    
Net income $ 170.0 $ 136.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 54.0 55.7
Amortization 51.7 53.0
Share-based compensation expense 8.1 7.7
Loss on disposal of assets – net 0.5 1.3
Other noncash adjustments 0.2 (3.5)
Defined benefit pension contributions (0.8) (0.9)
Changes in assets and liabilities, net of effect from businesses acquired:    
Trade receivables (74.3) (80.8)
Inventories (117.3) 8.4
Other current assets 20.1 13.5
Accounts payable 18.2 (37.8)
Accrued liabilities 34.7 21.1
Income and other taxes 45.1 127.9
Other – net 28.7 5.0
Net Cash Provided by Operating Activities 238.9 307.0
Investing Activities    
Business acquired, net of cash acquired 0.0 7.9
Additions to property, plant, and equipment (50.2) (53.0)
Other – net (12.3) 7.0
Net Cash Provided by (Used for) Investing Activities (62.5) (38.1)
Financing Activities    
Short-term borrowings (repayments) - net 22.0 76.6
Repayments of long-term debt, including make-whole payments (100.0) (250.0)
Quarterly dividends paid (77.8) (76.4)
Purchase of treasury shares (18.1) (6.9)
Other – net 0.7 0.5
Net Cash Used for Financing Activities (173.2) (256.2)
Effect of exchange rate changes on cash (3.4) (4.7)
Net decrease in cash and cash equivalents (0.2) 8.0
Cash and cash equivalents at beginning of period 109.8 125.6
Cash and Cash Equivalents at End of Period $ 109.6 $ 133.6