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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Operating Activities    
Net income $ 300.9 $ 359.9
Adjustments to reconcile net income to net cash provided by (used for) operations:    
Depreciation 112.2 119.0
Amortization 111.2 110.8
Share-based compensation expense 5.3 10.6
Gain on divestiture (1.6) 0.0
Other noncash adjustments – net 12.3 6.5
Make-whole payments included in financing activities 0.0 7.0
Defined benefit pension contributions (71.8) (2.9)
Changes in assets and liabilities:    
Trade receivables (87.1) (125.6)
Inventories (273.8) (140.8)
Other current assets 19.1 38.2
Accounts payable 77.5 (8.2)
Accrued liabilities 20.8 (53.3)
Income and other taxes (56.3) (18.0)
Other – net (2.7) (0.3)
Net Cash Provided by (Used for) Operating Activities 166.0 302.9
Investing Activities    
Additions to property, plant, and equipment (190.4) (127.2)
Proceeds from divestiture 1.6 0.0
Other – net (20.5) (15.8)
Net Cash Provided by (Used for) Investing Activities (209.3) (143.0)
Financing Activities    
Short-term borrowings (repayments) – net 118.2 237.8
Proceeds from long-term debt 0.0 797.6
Repayments of long-term debt, including make-whole payments 0.0 (1,157.0)
Capitalized debt issuance costs 0.0 (10.2)
Quarterly dividends paid (213.5) (204.1)
Purchase of treasury shares (7.9) (7.5)
Proceeds from stock option exercises 6.1 4.0
Other – net (1.7) 0.6
Net Cash Provided by (Used for) Financing Activities (98.8) (338.8)
Effect of exchange rate changes on cash (0.7) (0.1)
Net increase (decrease) in cash and cash equivalents (142.8) (179.0)
Cash and cash equivalents at beginning of period 169.9 334.3
Cash and Cash Equivalents at End of Period $ 27.1 $ 155.3