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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 30, 2020
Apr. 30, 2019
Current Assets    
Cash and cash equivalents $ 391.1 $ 101.3
Trade receivables, less allowance for doubtful accounts 551.4 503.8
Inventories:    
Finished products 563.5 590.8
Raw materials 331.8 319.5
Total Inventory 895.3 910.3
Other current assets 134.9 109.8
Total Current Assets 1,972.7 1,625.2
Property, Plant, and Equipment    
Land and land improvements 129.5 122.1
Buildings and fixtures 977.9 903.2
Machinery and equipment 2,398.3 2,185.0
Construction in progress 232.6 321.8
Gross Property, Plant, and Equipment 3,738.3 3,532.1
Accumulated depreciation (1,768.9) (1,619.7)
Total Property, Plant, and Equipment 1,969.4 1,912.4
Other Noncurrent Assets    
Operating lease right-of-use assets 148.4 0.0
Goodwill 6,304.5 6,310.9
Other intangible assets – net 6,429.0 6,718.8
Other noncurrent assets 146.4 144.0
Total Other Noncurrent Assets 13,028.3 13,173.7
Total Assets 16,970.4 16,711.3
Current Liabilities    
Accounts payable 782.0 591.0
Accrued compensation 99.8 85.0
Accrued trade marketing and merchandising 167.5 142.7
Dividends payable 100.3 96.7
Current portion of long-term debt [1] 0.0 798.5
Short-term borrowings 248.0 426.0
Current operating lease liabilities 36.5 0.0
Other current liabilities 153.0 201.6
Total Current Liabilities 1,587.1 2,341.5
Noncurrent Liabilities    
Long-term debt, less current portion [1] 5,373.3 4,686.3
Defined benefit pensions 179.3 139.1
Other postretirement benefits 70.0 65.0
Deferred income taxes 1,351.6 1,398.6
Noncurrent operating lease liabilities 120.0 0.0
Other noncurrent liabilities 98.2 110.3
Total Noncurrent Liabilities 7,192.4 6,399.3
Total Liabilities 8,779.5 8,740.8
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 – 114,072,726 at April 30, 2020, and 113,742,296 at April 30, 2019 (net of 32,425,004 and 32,755,434 treasury shares, respectively), at stated value 29.0 28.9
Additional capital 5,794.1 5,755.8
Retained income 2,746.8 2,367.6
Accumulated other comprehensive income (loss) (379.0) (181.8)
Total Shareholders’ Equity 8,190.9 7,970.5
Total Liabilities and Shareholders’ Equity $ 16,970.4 $ 16,711.3
[1] Represents the carrying amount included in the Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.