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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Oct. 31, 2019
Apr. 30, 2019
Current Assets    
Cash and cash equivalents $ 48.8 $ 101.3
Trade receivables, less allowance for doubtful accounts 522.4 503.8
Inventories:    
Finished products 667.3 590.8
Raw materials 346.0 319.5
Total Inventory 1,013.3 910.3
Other current assets 74.7 109.8
Total Current Assets 1,659.2 1,625.2
Property, Plant, and Equipment    
Land and land improvements 123.4 122.1
Buildings and fixtures 953.2 903.2
Machinery and equipment 2,354.4 2,185.0
Construction in progress 171.6 321.8
Gross Property, Plant, and Equipment 3,602.6 3,532.1
Accumulated depreciation (1,687.1) (1,619.7)
Total Property, Plant, and Equipment 1,915.5 1,912.4
Other Noncurrent Assets    
Operating lease right-of-use assets 153.2 0.0
Goodwill 6,313.6 6,310.9
Other intangible assets – net 6,602.7 6,718.8
Other noncurrent assets 146.8 144.0
Total Other Noncurrent Assets 13,216.3 13,173.7
Total Assets 16,791.0 16,711.3
Current Liabilities    
Accounts payable 521.8 591.0
Accrued trade marketing and merchandising 214.2 142.7
Current portion of long-term debt [1] 799.5 798.5
Short-term borrowings 327.9 426.0
Current operating lease liabilities 44.4 0.0
Other current liabilities 402.3 383.3
Total Current Liabilities 2,310.1 2,341.5
Noncurrent Liabilities    
Long-term debt, less current portion [1] 4,584.5 4,686.3
Deferred income taxes 1,377.6 1,398.6
Noncurrent operating lease liabilities 116.2 0.0
Other noncurrent liabilities 307.3 314.4
Total Noncurrent Liabilities 6,385.6 6,399.3
Total Liabilities 8,695.7 8,740.8
Shareholders’ Equity    
Common shares 29.0 28.9
Additional capital 5,781.7 5,755.8
Retained income 2,533.0 2,367.6
Accumulated other comprehensive income (loss) (248.4) (181.8)
Total Shareholders’ Equity 8,095.3 7,970.5
Total Liabilities and Shareholders’ Equity $ 16,791.0 $ 16,711.3
[1]
Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, terminated interest rate contracts, and offering discounts.