Reportable Segments (Tables)

12 Months Ended

Apr. 30, 2021

Income, total assets, depreciation, amortization, impairment, and total additions to property plant and equipment by segment

The following table reconciles segment profit to income before income taxes and presents total assets, total depreciation, amortization, and impairment charges, and total additions to property, plant, and equipment by segment.


	Year Ended April 30,
	2021		2020		2019
Net sales:
U.S. Retail Pet Foods	$	2,844.5	$	2,869.5	$	2,879.5
U.S. Retail Coffee	2,374.6		2,149.5		2,122.3
U.S. Retail Consumer Foods	1,835.7		1,731.7		1,761.5
International and Away From Home	947.9		1,050.3		1,074.7
Total net sales	$	8,002.7	$	7,801.0	$	7,838.0
Segment profit:
U.S. Retail Pet Foods	$	487.0	$	552.7	$	503.4
U.S. Retail Coffee	769.1		691.0		676.3
U.S. Retail Consumer Foods	472.5		389.7		378.4
International and Away From Home	124.1		173.4		198.5
Total segment profit	$	1,852.7	$	1,806.8	$	1,756.6
Amortization	(233.0)		(236.3)		(240.3)
Goodwill impairment charge	—		—		(97.9)
Other intangible assets impairment charges	(3.8)		(52.4)		(107.2)
Gain on divestitures – net	25.3		—		27.7
Interest expense – net	(177.1)		(189.2)		(207.9)
Unallocated derivative gains (losses)	93.6		19.6		(54.2)
Cost of products sold – special project costs (A)	(3.4)		—		—
Other special project costs (A)	(20.7)		(16.5)		(64.1)
Corporate administrative expenses	(323.9)		(298.1)		(292.0)
Other income (expense) – net	(37.8)		(7.2)		(19.1)
Income before income taxes	$	1,171.9	$	1,026.7	$	701.6
Assets:
U.S. Retail Pet Foods	$	7,480.8	$	7,731.4	$	7,847.0
U.S. Retail Coffee	4,793.9		4,787.4		4,771.9
U.S. Retail Consumer Foods	2,553.4		2,873.1		2,850.8
International and Away From Home	1,013.8		1,048.0		1,019.5
Unallocated (B)	442.3		530.5		222.1
Total assets	$	16,284.2	$	16,970.4	$	16,711.3
Depreciation, amortization, and impairment charges:
U.S. Retail Pet Foods	$	194.8	$	243.0	$	301.4
U.S. Retail Coffee	96.7		96.4		98.3
U.S. Retail Consumer Foods	75.4		72.5		162.4
International and Away From Home	50.2		51.9		52.8
Unallocated (C)	39.2		35.1		36.5
Total depreciation, amortization, and impairment charges	$	456.3	$	498.9	$	651.4
Additions to property, plant, and equipment:
U.S. Retail Pet Foods	$	72.4	$	60.1	$	136.0
U.S. Retail Coffee	42.5		62.4		63.9
U.S. Retail Consumer Foods	167.4		107.7		138.9
International and Away From Home	24.4		39.1		21.0
Total additions to property, plant, and equipment	$	306.7	$	269.3	$	359.8

(A)Special project costs include integration and restructuring costs. For more information, see Note 3: Integration and Restructuring Costs.

(B)Primarily represents unallocated cash and cash equivalents and corporate-held investments.

(C)Primarily represents unallocated corporate administrative expense, mainly consisting of depreciation and software amortization.

Geographical Information

The following table presents certain geographical information.


	Year Ended April 30,
	2021		2020		2019
Net sales:
United States	$	7,448.3	$	7,247.9	$	7,298.0
International:
Canada	$	443.6	$	445.3	$	421.9
All other international	110.8		107.8		118.1
Total international	$	554.4	$	553.1	$	540.0
Total net sales	$	8,002.7	$	7,801.0	$	7,838.0
Assets:
United States	$	15,879.7	$	16,547.6	$	16,338.0
International:
Canada	$	402.7	$	421.3	$	362.1
All other international	1.8		1.5		11.2
Total international	$	404.5	$	422.8	$	373.3
Total assets	$	16,284.2	$	16,970.4	$	16,711.3
Long-lived assets (excluding goodwill and other intangible assets):
United States	$	2,220.6	$	2,209.9	$	2,037.5
International:
Canada	$	57.1	$	54.3	$	18.9
All other international	—		—		—
Total international	$	57.1	$	54.3	$	18.9
Total long-lived assets (excluding goodwill and other intangible assets)	$	2,277.7	$	2,264.2	$	2,056.4

Product category information

The following table presents product category information.


	Year Ended April 30,
	2021		2020		2019		Primary Reportable Segment (A)
Coffee	$	2,639.7	$	2,475.4	$	2,479.4	U.S. Retail Coffee
Dog food	1,090.8		1,217.6		1,313.1		U.S. Retail Pet Foods
Cat food	918.4		869.2		812.8		U.S. Retail Pet Foods
Pet snacks	907.3		849.7		815.1		U.S. Retail Pet Foods
Peanut butter	796.1		730.6		756.6		U.S. Retail Consumer Foods
Frozen handheld	430.3		365.0		289.0		U.S. Retail Consumer Foods
Fruit spreads	385.9		370.3		341.6		U.S. Retail Consumer Foods
Shortening and oils	193.9		262.3		253.6		U.S. Retail Consumer Foods
Juices and beverages	139.0		125.7		123.9		U.S. Retail Consumer Foods
Portion control	120.5		153.3		162.7		Other (C)
Baking mixes and ingredients	93.5		89.9		185.2		Other (B)(C)
Other	287.3		292.0		305.0		Other (C)
Total net sales	$	8,002.7	$	7,801.0	$	7,838.0

(A)The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category.

(B)During 2019, the primary reportable segment was U.S. Retail Consumer Foods, as the majority of the net sales within this category were related to the divested U.S. baking business. For more information, see Note 4: Divestitures.

(C)Represents the combined International and Away From Home operating segments.