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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Operating Activities    
Net income (loss) $ (501.8) $ 498.9
Adjustments to reconcile net income (loss) to net cash provided by (used for) operations:    
Depreciation 213.4 170.7
Amortization 165.7 135.1
Goodwill impairment charge 794.3 0.0
Other intangible assets impairment charge 208.2 0.0
Realized loss on investment in equity securities – net 0.0 21.5
Share-based compensation expense 25.2 15.9
Loss (gain) on divestitures – net 311.0 12.9
Deferred income tax expense (benefit) (63.2) (22.1)
Other noncash adjustments – net 6.7 25.5
Settlement of interest rate contracts 0.0 42.5
Changes in assets and liabilities, net of effect from acquisition and divestitures:    
Trade receivables 80.5 (10.8)
Inventories (59.2) 55.3
Other current assets (27.7) 13.2
Accounts payable (173.7) (147.9)
Accrued liabilities (117.0) 61.8
Income and other taxes (33.5) (43.5)
Other – net (12.4) (27.7)
Net Cash Provided by (Used for) Operating Activities 816.5 801.3
Investing Activities    
Business acquired, net of cash acquired 0.0 (3,920.6)
Proceeds from sale of equity securities 0.0 466.3
Additions to property, plant, and equipment (298.8) (455.9)
Proceeds from divestitures – net 290.5 50.5
Other – net (10.2) (1.5)
Net Cash Provided by (Used for) Investing Activities (18.5) (3,861.2)
Financing Activities    
Short-term borrowings (repayments) – net (153.2) 413.2
Proceeds from long-term debt 0.0 4,285.0
Repayments of long-term debt (300.0) (1,441.0)
Capitalized debt issuance costs 0.0 (32.1)
Quarterly dividends paid (340.9) (325.5)
Purchase of treasury shares (3.1) (372.5)
Payment of assumed tax receivable agreement obligation 0.0 (86.4)
Other – net (13.4) (1.2)
Net Cash Provided by (Used for) Financing Activities (810.6) 2,439.5
Effect of exchange rate changes on cash (2.2) 0.5
Net increase (decrease) in cash and cash equivalents (14.8) (619.9)
Cash and cash equivalents at beginning of period 62.0 655.8
Cash and cash equivalents at end of period $ 47.2 $ 35.9