XML 125 R89.htm IDEA: XBRL DOCUMENT v3.20.1
Income Taxes (Details 2) - USD ($)
$ in Millions
4 Months Ended 8 Months Ended 12 Months Ended
Apr. 30, 2018
Dec. 31, 2017
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2018
(Percent of Pre-tax Income)          
Statutory federal income tax rate 21.00% 35.00% 21.00% 21.00% 30.40%
Tax reform – net impact on U.S. deferred tax assets and liabilities     0.00% 0.00% (92.00%)
Tax reform – transition tax     0.00% (0.50%) 3.00%
Goodwill impairment charges     0.00% 2.90% 5.50%
Sale of the U.S. baking business     0.00% 2.40% 0.00%
State and local income taxes     3.30% 2.70% 1.90%
Domestic manufacturing deduction     0.00% 0.00% (3.00%)
Deferred tax benefit from integration     0.00% (2.40%) 0.00%
Other items – net     (0.20%) 0.60% (1.30%)
Effective income tax rate     24.10% 26.70% (55.50%)
Income taxes paid     $ 227.1 $ 250.9 $ 336.8