Reportable Segments (Tables)

12 Months Ended

Apr. 30, 2020

Segmental information related to depreciation, amortization, and impairment charges, and property, plant, and equipment additions


	Year Ended April 30,
	2020		2019		2018
Net sales:
U.S. Retail Pet Foods	$	2,869.5	$	2,879.5	$	2,165.3
U.S. Retail Coffee	2,149.5		2,122.3		2,086.8
U.S. Retail Consumer Foods	1,731.7		1,761.5		1,985.6
International and Away From Home	1,050.3		1,074.7		1,119.4
Total net sales	$	7,801.0	$	7,838.0	$	7,357.1
Segment profit:
U.S. Retail Pet Foods	$	552.7	$	503.4	$	439.4
U.S. Retail Coffee	691.0		676.3		612.4
U.S. Retail Consumer Foods	389.7		406.1		475.3
International and Away From Home	173.4		198.5		200.1
Total segment profit	$	1,806.8	$	1,784.3	$	1,727.2
Amortization	(236.3)		(240.3)		(206.8)
Goodwill impairment charges	—		(97.9)		(145.0)
Other intangible assets impairment charges	(52.4)		(107.2)		(31.9)
Interest expense – net	(189.2)		(207.9)		(174.1)
Unallocated derivative gains (losses)	19.6		(54.2)		37.3
Cost of products sold – special project costs ^(A)	—		—		(3.9)
Other special project costs ^(A)	(16.5)		(64.1)		(45.4)
Corporate administrative expenses	(298.1)		(292.0)		(287.5)
Other income (expense) – net	(7.2)		(19.1)		(8.9)
Income before income taxes	$	1,026.7	$	701.6	$	861.0
Assets:
U.S. Retail Pet Foods	$	7,731.4	$	7,847.0	$	5,932.3
U.S. Retail Coffee	4,787.4		4,771.9		4,815.4
U.S. Retail Consumer Foods	2,873.1		2,850.8		3,217.5
International and Away From Home	1,048.0		1,019.5		1,043.9
Unallocated ^(B)	530.5		222.1		292.1
Total assets	$	16,970.4	$	16,711.3	$	15,301.2
Depreciation, amortization, and impairment charges:
U.S. Retail Pet Foods	$	243.0	$	301.4	$	314.8
U.S. Retail Coffee	96.4		98.3		96.6
U.S. Retail Consumer Foods	72.5		162.4		80.2
International and Away From Home	51.9		52.8		57.8
Unallocated ^(C)	35.1		36.5		40.6
Total depreciation, amortization, and impairment charges	$	498.9	$	651.4	$	590.0
Additions to property, plant, and equipment:
U.S. Retail Pet Foods	$	60.1	$	136.0	$	34.3
U.S. Retail Coffee	62.4		63.9		89.4
U.S. Retail Consumer Foods	107.7		138.9		168.9
International and Away From Home	39.1		21.0		29.3
Total additions to property, plant, and equipment	$	269.3	$	359.8	$	321.9

(A)Special project costs include integration and restructuring costs. For more information, see Note 3: Integration and Restructuring Costs.

(B)Primarily represents unallocated cash and cash equivalents and corporate-held investments.

(C)Primarily represents unallocated corporate administrative expense, mainly depreciation and software amortization.

Segment information related to net sales and long-lived assets

The following table presents certain geographical information.


	Year Ended April 30,
	2020		2019		2018
Net sales:
United States	$	7,247.9	$	7,298.0	$	6,786.5
International:
Canada	$	445.3	$	421.9	$	431.8
All other international	107.8		118.1		138.8
Total international	$	553.1	$	540.0	$	570.6
Total net sales	$	7,801.0	$	7,838.0	$	7,357.1
Assets:
United States	$	16,547.6	$	16,338.0	$	14,828.2
International:
Canada	$	421.3	$	362.1	$	428.7
All other international	1.5		11.2		44.3
Total international	$	422.8	$	373.3	$	473.0
Total assets	$	16,970.4	$	16,711.3	$	15,301.2
Long-lived assets (excluding goodwill and other intangible assets):
United States	$	2,209.9	$	2,037.5	$	1,869.8
International:
Canada	$	54.3	$	18.9	$	17.4
All other international	—		—		0.3
Total international	$	54.3	$	18.9	$	17.7
Total long-lived assets (excluding goodwill and other intangible assets)	$	2,264.2	$	2,056.4	$	1,887.5

Product sales information

The following table presents product category information.


	Year Ended April 30,
	2020		2019		2018		Primary Reportable Segment ^(A)
Coffee	$	2,475.4	$	2,479.4	$	2,469.7	U.S. Retail Coffee
Dog food	1,217.6		1,313.1		756.8		U.S. Retail Pet Foods
Cat food	869.2		812.8		702.5		U.S. Retail Pet Foods
Pet snacks	849.7		815.1		767.2		U.S. Retail Pet Foods
Peanut butter	730.6		756.6		745.1		U.S. Retail Consumer Foods
Fruit spreads	370.3		341.6		353.8		U.S. Retail Consumer Foods
Frozen handheld	365.0		289.0		254.1		U.S. Retail Consumer Foods
Shortening and oils	262.3		253.6		258.1		U.S. Retail Consumer Foods
Portion control	153.3		162.7		160.3		International and Away From Home
Juices and beverages	125.7		123.9		140.8		U.S. Retail Consumer Foods
Baking mixes and ingredients	89.9		185.2		437.9		International and Away From Home ^(B)
Other	292.0		305.0		310.8		International and Away From Home
Total net sales	$	7,801.0	$	7,838.0	$	7,357.1

(A)The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category.

(B)During 2019 and 2018, the primary reportable segment was U.S. Retail Consumer Foods, as the majority of the net sales within this category were related to the divested U.S. baking business. For more information, see Note 4: Divestiture.