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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 30, 2025
Apr. 30, 2024
Current Assets    
Cash and cash equivalents $ 69.9 $ 62.0
Trade receivables – net 619.0 736.5
Inventories:    
Finished products 680.0 639.4
Raw materials 529.4 399.5
Total Inventory 1,209.4 1,038.9
Other current assets 248.3 129.5
Total Current Assets 2,146.6 1,966.9
Property, Plant, and Equipment    
Land and land improvements 157.5 152.4
Buildings and fixtures 1,383.5 1,174.9
Machinery and equipment 3,257.1 2,933.7
Construction in progress 619.4 911.7
Gross Property, Plant, and Equipment 5,417.5 5,172.7
Accumulated depreciation (2,337.9) (2,100.0)
Total Property, Plant, and Equipment 3,079.6 3,072.7
Other Noncurrent Assets    
Operating lease right-of-use assets 115.4 174.6
Goodwill 5,710.0 7,649.9
Other intangible assets – net 6,346.9 7,255.4
Other noncurrent assets 164.8 154.2
Total Other Noncurrent Assets 12,337.1 15,234.1
Total Assets 17,563.3 20,273.7
Current Liabilities    
Accounts payable 1,288.7 1,336.2
Accrued compensation 118.0 151.5
Accrued trade marketing and merchandising 188.8 214.3
Dividends payable 114.6 112.8
Current portion of long-term debt [1] 0.0 999.3
Short-term borrowings 640.8 591.0
Other current liabilities 301.1 356.0
Total Current Liabilities 2,652.0 3,761.1
Noncurrent Liabilities    
Long-term debt, less current portion [1] 7,036.8 6,773.7
Defined benefit pensions 53.0 54.1
Other postretirement benefits 45.8 44.3
Deferred income taxes 1,548.6 1,737.4
Noncurrent operating lease liabilities 84.1 143.5
Other noncurrent liabilities 60.4 65.7
Total Noncurrent Liabilities 8,828.7 8,818.7
Total Liabilities 11,480.7 12,579.8
Shareholders’ Equity    
Serial preferred shares – no par value: Authorized – 6,000,000 shares; outstanding – none 0.0 0.0
Common shares – no par value: Authorized – 300,000,000 shares; outstanding – 106,425,081 at April 30, 2025, and 106,194,281 at April 30, 2024 (net of 44,062,564 and 44,293,364 treasury shares, respectively), at stated value 26.6 26.5
Additional capital 5,738.7 5,713.9
Retained income 501.8 2,188.1
Accumulated other comprehensive income (loss) (184.5) (234.6)
Total Shareholders’ Equity 6,082.6 7,693.9
Total Liabilities and Shareholders’ Equity $ 17,563.3 $ 20,273.7
[1] Represents the carrying amount included in the Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.