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Leases (Tables)
 3 Months Ended
Jul. 31, 2023
Leases [Abstract]  
Right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheets The following table sets forth the right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheets.
July 31, 2023April 30, 2023
Operating lease right-of-use assets$169.2 $103.0 
Operating lease liabilities:
Current operating lease liabilities$35.9 $33.2 
Noncurrent operating lease liabilities
141.1 77.2 
Total operating lease liabilities$177.0 $110.4 
Finance lease right-of-use assets:
Machinery and equipment
$7.6 $7.7 
Accumulated depreciation
(4.6)(4.4)
Total property, plant, and equipment$3.0 $3.3 
Finance lease liabilities:
Other current liabilities
$1.2 $1.2 
Other noncurrent liabilities
1.9 2.2 
Total finance lease liabilities$3.1 $3.4 
Components of lease expense
The following table summarizes the components of lease expense.
Three Months Ended July 31,
20232022
Operating lease cost$12.7 $10.5 
Finance lease cost:
Amortization of right-of-use assets 0.3 0.4 
Interest on lease liabilities
0.1 — 
Variable lease cost6.1 6.1 
Short-term lease cost9.4 11.8 
Total lease cost (A)
$28.6 $28.8 
(A)Total lease cost does not include sublease income which is immaterial for all years presented.
Cash flow and noncash information related to leases The following table sets forth cash flow and noncash information related to leases.
Three Months Ended July 31,
20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$12.3 $10.9 
Operating cash flows from finance leases — — 
Financing cash flows from finance leases
0.5 0.5 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases75.1 1.4 
Finance leases
— 0.9 
Maturity of operating lease liabilities by fiscal year The following table summarizes the maturity of our lease liabilities by fiscal year.
July 31, 2023
Operating LeasesFinance Leases
2024 (remainder of the year)$32.2 $0.9 
202536.0 1.0 
202632.9 0.7 
202718.8 0.4 
202814.3 0.1 
2029 and beyond 73.1 0.1 
Total undiscounted minimum lease payments $207.3 $3.2 
Less: Imputed interest30.3 0.1 
Lease liabilities $177.0 $3.1 
Maturity of finance lease liabilities by fiscal year The following table summarizes the maturity of our lease liabilities by fiscal year.
July 31, 2023
Operating LeasesFinance Leases
2024 (remainder of the year)$32.2 $0.9 
202536.0 1.0 
202632.9 0.7 
202718.8 0.4 
202814.3 0.1 
2029 and beyond 73.1 0.1 
Total undiscounted minimum lease payments $207.3 $3.2 
Less: Imputed interest30.3 0.1 
Lease liabilities $177.0 $3.1 
Weighted average remaining lease term and discount rate
The following table sets forth the weighted average remaining lease term and discount rate.
July 31, 2023April 30, 2023
Weighted average remaining lease term (in years):
Operating leases
6.94.8
Finance leases 3.13.1
Weighted average discount rate:
Operating leases4.1 %3.3 %
Finance leases
2.4 %2.4 %