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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jan. 31, 2025
Apr. 30, 2024
Current Assets    
Cash and cash equivalents $ 47.2 $ 62.0
Trade receivables – net 654.3 736.5
Inventories:    
Finished products 575.6 639.4
Raw materials 510.7 399.5
Total Inventory 1,086.3 1,038.9
Other current assets 187.5 129.5
Total Current Assets 1,975.3 1,966.9
Property, Plant, and Equipment    
Land and land improvements 150.4 152.4
Buildings and fixtures 1,290.7 1,174.9
Machinery and equipment 3,182.1 2,933.7
Construction in progress 712.1 911.7
Gross Property, Plant, and Equipment 5,335.3 5,172.7
Accumulated depreciation (2,283.6) (2,100.0)
Total Property, Plant, and Equipment 3,051.7 3,072.7
Other Noncurrent Assets    
Operating lease right-of-use assets 121.4 174.6
Goodwill 6,569.7 7,649.9
Other intangible assets – net 6,511.1 7,255.4
Assets held for sale – net 37.1 0.0
Other noncurrent assets 159.3 154.2
Total Other Noncurrent Assets 13,398.6 15,234.1
Total Assets 18,425.6 20,273.7
Current Liabilities    
Accounts payable 1,133.3 1,336.2
Accrued trade marketing and merchandising 207.1 214.3
Current portion of long-term debt [1] 999.9 999.3
Short-term borrowings 461.9 591.0
Other current liabilities 487.2 620.3
Total Current Liabilities 3,289.4 3,761.1
Noncurrent Liabilities    
Long-term debt, less current portion [1] 6,385.5 6,773.7
Deferred income taxes 1,592.9 1,737.4
Noncurrent operating lease liabilities 89.8 143.5
Other noncurrent liabilities 160.7 164.1
Total Noncurrent Liabilities 8,228.9 8,818.7
Total Liabilities 11,518.3 12,579.8
Shareholders’ Equity    
Common shares 26.6 26.5
Additional capital 5,732.9 5,713.9
Retained income 1,345.1 2,188.1
Accumulated other comprehensive income (loss) (197.3) (234.6)
Total Shareholders’ Equity 6,907.3 7,693.9
Total Liabilities and Shareholders’ Equity $ 18,425.6 $ 20,273.7
[1] Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.