Reportable Segments (Tables)

12 Months Ended

Apr. 30, 2022

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,
	2022		2021		2020
Net sales:
U.S. Retail Pet Foods	$	2,764.3	$	2,844.5	$	2,869.5
U.S. Retail Coffee	2,497.3		2,374.6		2,149.5
U.S. Retail Consumer Foods	1,707.2		1,835.7		1,731.7
International and Away From Home	1,030.1		947.9		1,050.3
Total net sales	$	7,998.9	$	8,002.7	$	7,801.0
Segment profit:
U.S. Retail Pet Foods	$	395.9	$	487.0	$	552.7
U.S. Retail Coffee	736.7		769.1		691.0
U.S. Retail Consumer Foods	424.2		472.5		389.7
International and Away From Home	142.0		124.1		173.4
Total segment profit	$	1,698.8	$	1,852.7	$	1,806.8
Amortization	(223.6)		(233.0)		(236.3)

Other intangible assets impairment charges	(150.4)		(3.8)		(52.4)
Gain on divestitures – net	9.6		25.3		—
Interest expense – net	(160.9)		(177.1)		(189.2)
Change in net cumulative unallocated derivative gains and losses	(23.4)		93.6		19.6
Cost of products sold – special project costs (A)	(20.5)		(3.4)		—
Other special project costs (A)	(8.0)		(20.7)		(16.5)
Corporate administrative expenses	(258.7)		(323.9)		(298.1)
Other income (expense) – net	(19.1)		(37.8)		(7.2)
Income before income taxes	$	843.8	$	1,171.9	$	1,026.7
Assets:
U.S. Retail Pet Foods	$	7,167.4	$	7,480.8	$	7,731.4
U.S. Retail Coffee	4,891.8		4,793.9		4,787.4
U.S. Retail Consumer Foods	2,692.1		2,553.4		2,873.1
International and Away From Home	973.9		1,013.8		1,048.0
Unallocated (B)	329.8		442.3		530.5
Total assets	$	16,055.0	$	16,284.2	$	16,970.4
Depreciation, amortization, and impairment charges:
U.S. Retail Pet Foods	$	342.8	$	194.8	$	243.0
U.S. Retail Coffee	100.2		96.7		96.4
U.S. Retail Consumer Foods	64.6		75.4		72.5
International and Away From Home	46.2		50.2		51.9
Unallocated (C)	55.7		39.2		35.1
Total depreciation, amortization, and impairment charges	$	609.5	$	456.3	$	498.9
Additions to property, plant, and equipment:
U.S. Retail Pet Foods	$	74.0	$	72.4	$	60.1
U.S. Retail Coffee	49.8		42.5		62.4
U.S. Retail Consumer Foods	274.8		167.4		107.7
International and Away From Home	18.9		24.4		39.1
Total additions to property, plant, and equipment	$	417.5	$	306.7	$	269.3

(A)Special project costs include certain divestiture, acquisition, integration, and restructuring costs, which are recognized in cost of products sold and other special project costs in the Statements of Consolidated Income. For more information, see Note 2: Integration and Restructuring Costs.

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

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

Geographical information

The following table presents certain geographical information.


	Year Ended April 30,
	2022		2021		2020
Net sales:
United States	$	7,469.6	$	7,448.3	$	7,247.9
International:
Canada	$	439.6	$	443.6	$	445.3
All other international	89.7		110.8		107.8
Total international	$	529.3	$	554.4	$	553.1
Total net sales	$	7,998.9	$	8,002.7	$	7,801.0
Assets:
United States	$	15,653.5	$	15,879.7	$	16,547.6
International:
Canada	$	399.8	$	402.7	$	421.3
All other international	1.7		1.8		1.5
Total international	$	401.5	$	404.5	$	422.8
Total assets	$	16,055.0	$	16,284.2	$	16,970.4
Long-lived assets (excluding goodwill and other intangible assets):
United States	$	2,331.2	$	2,220.6	$	2,209.9
International:
Canada	$	45.7	$	57.1	$	54.3
All other international	—		—		—
Total international	$	45.7	$	57.1	$	54.3
Total long-lived assets (excluding goodwill and other intangible assets)	$	2,376.9	$	2,277.7	$	2,264.2

Product category information

The following table presents product category information.


	Year Ended April 30,
	2022		2021		2020		Primary Reportable Segment (A)
Coffee	$	2,804.7	$	2,639.7	$	2,475.4	U.S. Retail Coffee
Cat food	969.9		918.4		869.2		U.S. Retail Pet Foods
Pet snacks	944.9		907.3		849.7		U.S. Retail Pet Foods
Dog food	926.5		1,090.8		1,217.6		U.S. Retail Pet Foods
Peanut butter	801.1		796.1		730.6		U.S. Retail Consumer Foods
Frozen handheld	510.7		430.3		365.0		U.S. Retail Consumer Foods
Fruit spreads	386.5		385.9		370.3		U.S. Retail Consumer Foods
Portion control	158.2		120.5		153.3		Other (B)
Juices and beverages	106.3		139.0		125.7		U.S. Retail Consumer Foods
Baking mixes and ingredients	85.5		93.5		89.9		Other (B)
Shortening and oils	—		193.9		262.3		U.S. Retail Consumer Foods (C)
Other	304.6		287.3		292.0		Other (B)
Total net sales	$	7,998.9	$	8,002.7	$	7,801.0

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

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

(C)During 2021 and 2020, the net sales within this category were related to the divested Crisco business. For more information, see Note 3: Divestitures.