Reportable Segments (Tables)

9 Months Ended

Jan. 31, 2025

Segment Reporting [Abstract]

Income by segment

The following table reconciles segment profit to income before income taxes.

	Three Months Ended January 31,				Nine Months Ended January 31,
	2025		2024		2025		2024
Net sales:
U.S. Retail Coffee	$	740.6	$	727.5	$	2,068.0	$	2,038.3
U.S. Retail Frozen Handheld and Spreads	445.2		436.8		1,427.2		1,365.1
U.S. Retail Pet Foods	423.0		465.2		1,268.1		1,370.2
Sweet Baked Snacks	278.6		300.3		927.8		300.3
International and Away From Home	298.6		299.4		891.2		899.1
Total net sales	$	2,186.0	$	2,229.2	$	6,582.3	$	5,973.0
Segment profit:
U.S. Retail Coffee	$	208.6	$	207.8	$	583.9	$	548.9
U.S. Retail Frozen Handheld and Spreads	99.2		104.1		334.3		338.3
U.S. Retail Pet Foods	116.8		109.5		353.5		288.0
Sweet Baked Snacks	54.8		68.0		199.8		68.0
International and Away From Home	61.6		50.4		178.2		147.0
Total segment profit	$	541.0	$	539.8	$	1,649.7	$	1,390.2
Amortization	(53.9)		(55.7)		(165.7)		(135.1)
Goodwill impairment charge	(794.3)		—		(794.3)		—
Other intangible assets impairment charge	(208.2)		—		(208.2)		—
Gain (loss) on divestitures – net	(50.2)		(0.3)		(311.0)		(12.9)
Interest expense – net	(95.4)		(99.8)		(294.5)		(167.0)
Change in net cumulative unallocated derivative gains and losses	60.0		(5.2)		41.7		(21.1)
Cost of products sold – special project costs	(1.1)		—		(11.7)		—
Other special project costs	(10.1)		(98.9)		(27.9)		(105.7)
Other debt gains (charges) – net	30.3		—		30.3		(19.5)
Corporate administrative expenses	(77.2)		(82.3)		(247.4)		(215.6)
Other income (expense) – net	(3.4)		(2.1)		(10.7)		(30.0)
Income before income taxes	$	(662.5)	$	195.5	$	(349.7)	$	683.3

Geographical information

The following table presents certain geographical information.

	Three Months Ended January 31,				Nine Months Ended January 31,
	2025		2024		2025		2024
Net sales:
United States	$	2,068.4	$	2,094.7	$	6,220.0	$	5,567.4
International:
Canada	$	89.8	$	111.8	$	271.9	$	333.0
All other international	27.8		22.7		90.4		72.6
Total international	$	117.6	$	134.5	$	362.3	$	405.6
Total net sales	$	2,186.0	$	2,229.2	$	6,582.3	$	5,973.0

Product category information

The following table presents product category information.

	Three Months Ended January 31,				Nine Months Ended January 31,
	2025		2024		2025		2024		Primary Reportable Segment (A)
Coffee	$	830.8	$	817.6	$	2,339.7	$	2,305.1	U.S. Retail Coffee
Sweet baked goods	266.1		270.2		841.9		270.2		Sweet Baked Snacks
Pet snacks	237.4		261.0		719.4		760.3		U.S. Retail Pet Foods
Frozen handheld	210.5		182.6		679.6		573.8		U.S. Retail Frozen Handheld and Spreads
Peanut butter	200.9		204.5		633.3		617.1		U.S. Retail Frozen Handheld and Spreads
Cat food	197.8		203.4		581.7		599.1		U.S. Retail Pet Foods
Fruit spreads	99.4		108.2		307.6		321.7		U.S. Retail Frozen Handheld and Spreads
Portion control	53.1		51.5		164.0		153.1		Other (B)
Cookies	12.9		30.1		86.3		30.1		Sweet Baked Snacks
Toppings and syrups	20.7		21.0		69.3		67.7		U.S. Retail Frozen Handheld and Spreads
Baking mixes and ingredients	23.2		23.1		66.3		68.0		Other (B)
Dog food	5.2		17.4		19.0		64.5		U.S. Retail Pet Foods
Other	28.0		38.6		74.2		142.3		Other (B)
Total net sales	$	2,186.0	$	2,229.2	$	6,582.3	$	5,973.0

(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.