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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Operating Activities    
Net income $ 109.8 $ 153.9
Adjustments to reconcile net income to net cash provided by (used for) operations:    
Depreciation 55.1 58.5
Amortization 55.6 55.4
Share-based compensation expense 7.9 5.3
Gain on divestiture (1.6) 0.0
Other noncash adjustments – net 4.1 3.1
Make-whole payments included in financing activities 0.0 7.0
Defined benefit pension contributions (70.7) (0.9)
Changes in assets and liabilities:    
Trade receivables (80.2) (32.9)
Inventories (223.0) (146.3)
Other current assets (3.3) 8.0
Accounts payable 73.1 28.5
Accrued liabilities 8.9 (43.9)
Income and other taxes 25.6 47.4
Other – net (0.3) (5.3)
Net Cash Provided by (Used for) Operating Activities (39.0) 137.8
Investing Activities    
Additions to property, plant, and equipment (88.3) (68.0)
Proceeds from divestiture 1.6 0.0
Other – net 15.2 (12.0)
Net Cash Provided by (Used for) Investing Activities (71.5) (80.0)
Financing Activities    
Short-term borrowings (repayments) – net 207.0 284.0
Repayments of long-term debt, including make-whole payments 0.0 (407.0)
Quarterly dividends paid (105.1) (97.2)
Purchase of treasury shares (7.8) (6.8)
Proceeds from stock option exercises 0.9 4.0
Other – net (3.1) (0.3)
Net Cash Provided by (Used for) Financing Activities 91.9 (223.3)
Effect of exchange rate changes on cash 0.3 0.0
Net increase (decrease) in cash and cash equivalents (18.3) (165.5)
Cash and cash equivalents at beginning of period 169.9 334.3
Cash and Cash Equivalents at End of Period $ 151.6 $ 168.8