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Statements of Consolidated Shareholders' Equity - USD ($)
$ in Millions
Total
Common Shares
Additional Capital
Retained Income
Accumulated Other Comprehensive Income (Loss)
Balance at Apr. 30, 2017 $ 6,850.2 $ 28.4 $ 5,724.7 $ 1,240.5 $ (143.4)
Balance, shares at Apr. 30, 2017   113,439,553      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 1,338.6     1,338.6  
Other comprehensive income (loss) 41.7       41.7
Comprehensive Income 1,380.3        
Purchase of treasury shares (7.0) $ 0.0 (5.8) (1.2)  
Purchase of treasury shares, shares   (54,535)      
Stock plans 21.3 $ 0.0 21.3    
Stock plans, shares   187,822      
Cash dividends declared (353.7)     (353.7)  
Reclassification of stranded tax effects [1] 0.0     15.0 (15.0) [2]
Other 0.0 $ 0.5 (0.5)    
Balance at Apr. 30, 2018 7,891.1 $ 28.9 5,739.7 2,239.2 (116.7)
Balance, shares at Apr. 30, 2018   113,572,840      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 514.4     514.4  
Other comprehensive income (loss) (65.1)       (65.1)
Comprehensive Income 449.3        
Purchase of treasury shares (5.4) $ 0.0 (5.4) 0.0  
Purchase of treasury shares, shares   (50,723)      
Stock plans 21.5 $ 0.0 21.5    
Stock plans, shares   220,179      
Cash dividends declared (386.0)     (386.0)  
Other 0.0 $ 0.0 0.0  
Balance at Apr. 30, 2019 $ 7,970.5 $ 28.9 5,755.8 2,367.6 (181.8)
Balance, shares at Apr. 30, 2019 113,742,296 113,742,296      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income $ 779.5     779.5  
Other comprehensive income (loss) (197.2)       (197.2)
Comprehensive Income 582.3        
Purchase of treasury shares (4.2) $ 0.0 (4.3) 0.1  
Purchase of treasury shares, shares   (35,588)      
Stock plans 42.7 $ 0.1 42.6    
Stock plans, shares   366,018      
Cash dividends declared (400.4)     (400.4)  
Other 0.0     0.0  
Balance at Apr. 30, 2020 $ 8,190.9 $ 29.0 $ 5,794.1 $ 2,746.8 $ (379.0)
Balance, shares at Apr. 30, 2020 114,072,726 114,072,726      
[1] During 2018, we elected to early adopt Accounting Standards Update (“ASU”) 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which allowed us to reclassify the stranded income tax effects resulting from the U.S. Tax Cuts and Jobs Act (the “Tax Act”) from accumulated other comprehensive income (loss) to retained earnings.
[2] During 2018, we adopted ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which allowed us to reclassify the stranded income tax effects resulting from the Tax Act from accumulated other comprehensive income (loss) to retained earnings.