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Leases (Tables)
 6 Months Ended
Oct. 31, 2020
Leases [Abstract]  
Right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheet
The following table sets forth the right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheets.
October 31, 2020April 30, 2020
Operating lease right-of-use assets$129.8 $148.4 
Operating lease liabilities:
Current operating lease liabilities$35.5 $36.5 
Noncurrent operating lease liabilities
105.7 120.0 
Total operating lease liabilities$141.2 $156.5 
Finance lease right-of-use assets:
Machinery and equipment
$10.1 $11.6 
Accumulated depreciation
(5.2)(5.9)
Total property, plant, and equipment$4.9 $5.7 
Finance lease liabilities:
Other current liabilities
$2.1 $2.2 
Other noncurrent liabilities
2.9 3.5 
Total finance lease liabilities$5.0 $5.7 
Components of lease expense
The following table summarizes the components of lease expense.
Three Months Ended October 31,Six Months Ended October 31,
2020201920202019
Operating lease cost$11.1 $12.9 $22.4 $25.3 
Finance lease cost:
Amortization of right-of-use assets 0.6 0.8 1.2 1.6 
Interest on lease liabilities
— — 0.1 0.1 
Variable lease cost5.5 6.3 11.1 12.6 
Short-term lease cost10.3 9.7 19.3 17.4 
Sublease income(1.0)(1.5)(2.5)(2.3)
Net lease cost$26.5 $28.2 $51.6 $54.7 
Cash flow and noncash information related to leases
The following table sets forth cash flow and noncash information related to leases.
Six Months Ended October 31,
20202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$20.2 $25.3 
Operating cash flows from finance leases 0.1 0.1 
Financing cash flows from finance leases
1.4 1.5 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases— 16.2 
Finance leases
0.5 0.8 
Maturity of operating lease liabilities by fiscal year
The following table summarizes the maturity of our lease liabilities by fiscal year.
October 31, 2020
Operating LeasesFinance Leases
2021 (remainder of the year)$20.2 $1.2 
202237.2 1.7 
202334.6 1.1 
202422.9 0.8 
202515.0 0.3 
2026 and beyond 20.7 0.1 
Total undiscounted minimum lease payments $150.6 $5.2 
Less: Imputed interest9.4 0.2 
Lease liabilities $141.2 $5.0 
Maturity of finance lease liabilities by fiscal year
The following table summarizes the maturity of our lease liabilities by fiscal year.
October 31, 2020
Operating LeasesFinance Leases
2021 (remainder of the year)$20.2 $1.2 
202237.2 1.7 
202334.6 1.1 
202422.9 0.8 
202515.0 0.3 
2026 and beyond 20.7 0.1 
Total undiscounted minimum lease payments $150.6 $5.2 
Less: Imputed interest9.4 0.2 
Lease liabilities $141.2 $5.0 
Weighted average remaining lease tern and discount rate
The following table sets forth the weighted average remaining lease term and discount rate.
October 31, 2020April 30, 2020
Weighted average remaining lease term (in years):
Operating leases
4.54.7
Finance leases 3.23.4
Weighted average discount rate:
Operating leases3.0 %3.1 %
Finance leases
2.8 %2.9 %