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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Operating Activities    
Net income $ 183.6 $ 109.8
Adjustments to reconcile net income to net cash provided by (used for) operations:    
Depreciation 50.2 55.1
Amortization 39.8 55.6
Pension settlement loss (gain) 3.2 0.0
Unrealized loss (gain) on investment in equity securities 27.4 0.0
Share-based compensation expense 5.1 7.9
Deferred income tax expense (benefit) (8.9) 0.0
Other noncash adjustments – net 4.8 2.5
Defined benefit pension contributions (0.7) (70.7)
Changes in assets and liabilities, net of effect from divestitures:    
Trade receivables 6.1 (80.2)
Inventories (81.4) (223.0)
Other current assets (4.8) (3.3)
Accounts payable (43.8) 73.1
Accrued liabilities (7.7) 8.9
Income and other taxes 57.3 25.6
Other – net (12.3) (0.3)
Net Cash Provided by (Used for) Operating Activities 217.9 (39.0)
Investing Activities    
Additions to property, plant, and equipment (150.3) (88.3)
Other – net (1.6) 16.8
Net Cash Provided by (Used for) Investing Activities (151.9) (71.5)
Financing Activities    
Short-term borrowings (repayments) – net 0.0 207.0
Quarterly dividends paid (105.2) (105.1)
Purchase of treasury shares (372.0) (7.8)
Proceeds from stock option exercises 0.0 0.9
Other – net (4.1) (3.1)
Net Cash Provided by (Used for) Financing Activities (481.3) 91.9
Effect of exchange rate changes on cash 0.6 0.3
Net increase (decrease) in cash and cash equivalents (414.7) (18.3)
Cash and cash equivalents at beginning of period 655.8 169.9
Cash and Cash Equivalents at End of Period $ 241.1 $ 151.6