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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 30, 2018
Apr. 30, 2017
Current Assets    
Cash and cash equivalents $ 192.6 $ 166.8
Trade receivables, less allowance for doubtful accounts 385.6 438.7
Inventories:    
Finished products 542.1 562.4
Raw materials 312.3 343.3
Total Inventory 854.4 905.7
Other current assets 122.4 130.6
Total Current Assets 1,555.0 1,641.8
Property, Plant, and Equipment    
Land and land improvements 120.1 115.6
Buildings and fixtures 812.6 766.2
Machinery and equipment 2,111.5 1,983.0
Construction in progress 212.1 116.9
Gross Property, Plant, and Equipment 3,256.3 2,981.7
Accumulated depreciation (1,527.2) (1,364.2)
Total Property, Plant, and Equipment 1,729.1 1,617.5
Other Noncurrent Assets    
Goodwill 5,942.2 6,077.1
Other intangible assets – net 5,916.5 6,149.9
Other noncurrent assets 158.4 153.4
Total Other Noncurrent Assets 12,017.1 12,380.4
Total Assets 15,301.2 15,639.7
Current Liabilities    
Accounts payable 512.1 477.2
Accrued compensation 79.8 88.2
Accrued trade marketing and merchandising 101.6 106.0
Dividends payable 88.6 85.1
Current portion of long-term debt [1] 0.0 499.0
Short-term borrowings 144.0 454.0
Other current liabilities 107.7 123.1
Total Current Liabilities 1,033.8 1,832.6
Noncurrent Liabilities    
Long-term debt, less current portion [1] 4,688.0 4,445.5
Defined benefit pensions 144.1 189.8
Other postretirement benefits 61.9 66.6
Deferred income taxes 1,377.2 2,167.0
Other noncurrent liabilities 105.1 88.0
Total Noncurrent Liabilities 6,376.3 6,956.9
Total Liabilities 7,410.1 8,789.5
Shareholders’ Equity    
Serial preferred shares – no par value: Authorized – 6,000,000 shares; outstanding – none 0.0 0.0
Common shares – no par value: Authorized – 300,000,000 shares; outstanding – 113,572,840 at April 30, 2018, and 113,439,553 at April 30, 2017 (net of 32,924,890 and 33,058,177 treasury shares, respectively), at stated value 28.9 28.4
Additional capital 5,739.7 5,724.7
Retained income 2,239.2 1,240.5
Accumulated other comprehensive income (loss) (116.7) (143.4)
Total Shareholders’ Equity 7,891.1 6,850.2
Total Liabilities and Shareholders’ Equity $ 15,301.2 $ 15,639.7
[1] Represents the carrying amount included in the Consolidated Balance Sheets, which includes the impact of terminated interest rate contracts, offering discounts, and capitalized debt issuance costs.