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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jul. 31, 2020
Apr. 30, 2020
Current Assets    
Cash and cash equivalents $ 396.6 $ 391.1
Trade receivables – net 497.6 551.4
Inventories:    
Finished products 615.8 563.5
Raw materials 379.2 331.8
Total Inventory 995.0 895.3
Other current assets 95.6 134.9
Total Current Assets 1,984.8 1,972.7
Property, Plant, and Equipment    
Land and land improvements 130.9 129.5
Buildings and fixtures 986.4 977.9
Machinery and equipment 2,434.6 2,398.3
Construction in progress 217.5 232.6
Gross Property, Plant, and Equipment 3,769.4 3,738.3
Accumulated depreciation (1,820.8) (1,768.9)
Total Property, Plant, and Equipment 1,948.6 1,969.4
Other Noncurrent Assets    
Operating lease right-of-use assets 138.3 148.4
Goodwill 6,310.7 6,304.5
Other intangible assets – net 6,371.6 6,429.0
Other noncurrent assets 148.3 146.4
Total Other Noncurrent Assets 12,968.9 13,028.3
Total Assets 16,902.3 16,970.4
Current Liabilities    
Accounts payable 780.6 782.0
Accrued trade marketing and merchandising 188.3 167.5
Current portion of long-term debt [1] 399.8 0.0
Short-term borrowings 296.0 248.0
Current operating lease liabilities 35.9 36.5
Other current liabilities 372.5 353.1
Total Current Liabilities 2,073.1 1,587.1
Noncurrent Liabilities    
Long-term debt, less current portion [1] 4,672.8 5,373.3
Deferred income taxes 1,353.9 1,351.6
Noncurrent operating lease liabilities 112.5 120.0
Other noncurrent liabilities 344.8 347.5
Total Noncurrent Liabilities 6,484.0 7,192.4
Total Liabilities 8,557.1 8,779.5
Shareholders’ Equity    
Common shares 28.5 29.0
Additional capital 5,795.3 5,794.1
Retained income 2,882.3 2,746.8
Accumulated other comprehensive income (loss) (360.9) (379.0)
Total Shareholders’ Equity 8,345.2 8,190.9
Total Liabilities and Shareholders’ Equity $ 16,902.3 $ 16,970.4
[1] Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.