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Statements of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2018
Operating Activities      
Net income $ 779.5 $ 514.4 $ 1,338.6
Adjustments to reconcile net income to net cash provided by (used for) operations:      
Depreciation 210.2 206.0 206.3
Amortization 236.3 240.3 206.8
Goodwill impairment charges 0.0 97.9 [1] 145.0
Other intangible assets impairment charges 52.4 107.2 31.9
Share-based compensation expense 26.8 20.7 15.4
Gain on divestiture 0.0 (27.7) 0.0
Deferred income tax expense (benefit) 7.6 (93.5) (803.4)
Loss on disposal of assets - net 13.0 4.5 6.6
Other noncash adjustments – net 8.1 1.2 3.7
Settlement of interest rate contracts (239.8) 0.0 0.0
Defined benefit pension contributions (5.1) (29.3) (39.6)
Changes in assets and liabilities, net of effect from acquisition and divestiture:      
Trade receivables (49.1) (53.0) 54.7
Inventories 12.6 (5.3) 54.0
Other current assets (15.7) 13.3 (5.3)
Accounts payable 181.6 43.7 19.0
Accrued liabilities 48.0 66.7 20.5
Income and other taxes 6.5 51.8 (28.7)
Other – net (18.1) (17.7) (7.5)
Net Cash Provided by (Used for) Operating Activities 1,254.8 1,141.2 1,218.0
Investing Activities      
Business acquired, net of cash acquired 0.0 (1,903.0) 0.0
Additions to property, plant, and equipment (269.3) (359.8) (321.9)
Proceeds from divestiture 0.0 369.5 0.0
Proceeds from disposal of property, plant, and equipment 2.4 1.1 13.4
Other – net (4.6) (32.0) 30.9
Net Cash Provided by (Used for) Investing Activities (271.5) (1,924.2) (277.6)
Financing Activities      
Short-term borrowings (repayments) – net (185.8) 282.0 (310.0)
Proceeds from long-term debt 798.2 1,500.0 799.6
Repayments of long-term debt (900.0) (700.0) (1,050.3)
Quarterly dividends paid (396.8) (377.9) (350.3)
Purchase of treasury shares (4.2) (5.4) (7.0)
Proceeds from stock option exercises 7.1 0.0 3.9
Other – net (7.2) 0.3 (7.9)
Net Cash Provided by (Used for) Financing Activities (688.7) 699.0 (922.0)
Effect of exchange rate changes on cash (4.8) (7.3) 7.4
Net increase (decrease) in cash and cash equivalents 289.8 (91.3) 25.8
Cash and cash equivalents at beginning of year 101.3 192.6 166.8
Cash and Cash Equivalents at End of Year $ 391.1 $ 101.3 $ 192.6
[1] We have recognized accumulated goodwill impairment charges of $242.9 as of April 30, 2020.