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Derivative Financial Instruments (Tables)
 9 Months Ended
Jan. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Outstanding derivative contracts
The following table presents the gross notional value of outstanding derivative contracts.
January 31, 2025April 30, 2024
Commodity contracts$1,534.4 $787.7 
Foreign currency exchange contracts98.0 98.6 
Fair value of derivative instruments
The following tables set forth the gross fair value amounts of derivative instruments recognized in the Condensed Consolidated Balance Sheets.
 January 31, 2025
 Other
Current
Assets		Other
Current
Liabilities		Other
Noncurrent
Assets		Other
Noncurrent
Liabilities
Derivatives not designated as hedging instruments:
Commodity contracts$57.0 $36.6 $— $— 
Foreign currency exchange contracts4.4 — 0.2 — 
Total derivative instruments$61.4 $36.6 $0.2 $— 
 April 30, 2024
 Other
Current
Assets		Other
Current
Liabilities		Other
Noncurrent
Assets		Other
Noncurrent
Liabilities
Derivatives not designated as hedging instruments:
Commodity contracts$35.8 $9.3 $— $0.1 
Foreign currency exchange contracts1.9 0.1 — — 
Total derivative instruments$37.7 $9.4 $— $0.1 
Net gains and losses recognized in costs of products sold on derivatives not designated as hedging instruments
The following table presents the net gains and losses recognized in cost of products sold in the Condensed Statements of Consolidated Income on derivatives not designated as hedging instruments.
 Three Months Ended January 31,Nine Months Ended January 31,
 2025202420252024
Derivative gains (losses) on commodity contracts$60.1 $(6.1)$50.7 $(3.3)
Derivative gains (losses) on foreign currency exchange contracts3.8 (3.3)5.5 (0.7)
Total derivative gains (losses) recognized in cost of products sold$63.9 $(9.4)$56.2 $(4.0)
Net cumulative unallocated derivative gains (losses) The following table presents the net change in cumulative unallocated derivative gains and losses.
 Three Months Ended January 31,Nine Months Ended January 31,
2025202420252024
Net derivative gains (losses) recognized and classified as unallocated$63.9 $(9.4)$56.2 $(4.0)
Less: Net derivative gains (losses) reclassified to segment operating profit3.9 (4.2)14.5 17.1 
Change in net cumulative unallocated derivative gains and losses$60.0 $(5.2)$41.7 $(21.1)
Pre-tax gains and losses recognized on all contracts previously designated as cash flow hedges
The following table presents information on the pre-tax gains and losses recognized on all contracts previously designated as cash flow hedges.
Three Months Ended January 31,Nine Months Ended January 31,
2025202420252024
Gains (losses) recognized in other comprehensive income (loss)$— $— $— $— 
Less: Gains (losses) reclassified from accumulated other comprehensive income (loss) to interest expense – net (A)
(3.0)(3.3)(9.8)(10.1)
Less: Gains (losses) reclassified from accumulated other comprehensive income (loss) to other debt gains (charges) – net (B)
(56.9)— (56.9)— 
Change in accumulated other comprehensive income (loss)$59.9 $3.3 $66.7 $10.1 
(A)Interest expense – net, as presented in the Condensed Statements of Consolidated Income was $95.4 and $99.8 for the three months ended January 31, 2025 and 2024, respectively, and $294.5 and $167.0 for the nine months ended January 31, 2025 and 2024, respectively. The reclassification includes terminated contracts which were designated as cash flow hedges.
(B)Other debt gains (charges) – net, as presented in the Condensed Statement of Consolidated Income was $30.3 for the three and nine months ended January 31, 2025. The reclassification is related to the debt extinguishment due to the tender offers, as discussed in Note 9: Debt and Financing Arrangements.