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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Operating Activities    
Net income $ 365.8 $ 321.5
Adjustments to reconcile net income to net cash provided by (used for) operations:    
Depreciation 103.4 102.9
Amortization 117.6 120.2
Share-based compensation expense 13.7 10.5
Gain on divestiture 0.0 (26.6)
Other noncash adjustments – net 6.6 3.0
Changes in assets and liabilities, net of effect from acquisition and divestiture:    
Trade receivables (18.2) (111.2)
Inventories (102.0) (60.4)
Other current assets 13.3 17.6
Accounts payable (41.3) 15.2
Accrued liabilities 25.7 60.4
Income and other taxes (32.6) 18.5
Other – net (6.5) (25.7)
Net Cash Provided by (Used for) Operating Activities 445.5 445.9
Investing Activities    
Business acquired, net of cash acquired 0.0 (1,903.0)
Additions to property, plant, and equipment (136.4) (179.1)
Proceeds from divestiture 0.0 372.1
Other – net 32.2 (8.9)
Net Cash Provided by (Used for) Investing Activities (104.2) (1,718.9)
Financing Activities    
Short-term borrowings (repayments) – net (102.9) 246.0
Proceeds from long-term debt 0.0 1,500.0
Repayments of long-term debt (100.0) (300.0)
Quarterly dividends paid (196.6) (184.9)
Purchase of treasury shares (3.5) (5.0)
Proceeds from stock option exercises 7.0 0.0
Other – net 0.8 0.1
Net Cash Provided by (Used for) Financing Activities (395.2) 1,256.2
Effect of exchange rate changes on cash 1.4 (4.6)
Net increase (decrease) in cash and cash equivalents (52.5) (21.4)
Cash and cash equivalents at beginning of period 101.3 192.6
Cash and Cash Equivalents at End of Period $ 48.8 $ 171.2