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Statements of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2023
Operating Activities      
Net income (loss) $ (1,230.8) $ 744.0 $ (91.3)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operations:      
Depreciation 283.2 239.7 224.1
Amortization 219.3 191.1 206.9
Goodwill impairment charges 1,661.6 [1] 0.0 0.0
Other intangible assets impairment charges 320.9 0.0 0.0
Realized loss on investment in equity securities - net 0.0 21.5 0.0
Pension settlement loss (gain) 0.0 3.2 7.4
Share-based compensation expense 29.9 23.9 25.6
Loss (gain) on divestitures – net 310.1 12.9 1,018.5
Deferred income tax expense (benefit) (108.0) (40.5) (190.8)
Loss (gain) on disposal of assets – net 12.6 7.8 5.1
Other noncash adjustments – net 15.3 31.9 23.9
Settlement of interest rate contracts 0.0 42.5 0.0
Defined benefit pension contributions (5.0) (4.1) (74.1)
Changes in assets and liabilities, net of effect from acquisition and divestitures:      
Trade receivables 117.2 41.5 (74.8)
Inventories (180.6) 2.9 (134.6)
Other current assets (48.9) (35.5) 86.8
Accounts payable (36.5) (81.7) 151.6
Accrued liabilities (85.4) 99.4 0.4
Income and other taxes (50.6) (34.9) 9.5
Other – net (13.9) (36.2) 0.2
Net Cash Provided by (Used for) Operating Activities 1,210.4 1,229.4 1,194.4
Investing Activities      
Business acquired, net of cash acquired 0.0 (3,920.6) 0.0
Proceeds from sale of equity securities 0.0 466.3 0.0
Proceeds from divestitures – net 326.0 56.3 686.3
Additions to property, plant, and equipment (393.8) (586.5) (477.4)
Other – net (32.5) 19.9 47.3
Net Cash Provided by (Used for) Investing Activities (100.3) (3,964.6) 256.2
Financing Activities      
Short-term borrowings (repayments) – net 19.2 578.2 (185.9)
Proceeds from long-term debt 650.0 4,285.0 0.0
Repayments of long-term debt (1,300.0) (1,791.0) 0.0
Capitalized debt issuance costs (3.0) (32.1) 0.0
Quarterly dividends paid (455.4) (437.5) (430.2)
Purchase of treasury shares (3.3) (372.8) (367.5)
Proceeds from stock option exercises 1.9 3.2 21.6
Payment of assumed tax receivable agreement obligation 0.0 (86.4) 0.0
Other – net (12.1) (5.0) (2.6)
Net Cash Provided by (Used for) Financing Activities (1,102.7) 2,141.6 (964.6)
Effect of exchange rate changes on cash 0.5 (0.2) (0.1)
Net increase (decrease) in cash and cash equivalents 7.9 (593.8) 485.9
Cash and cash equivalents at beginning of year 62.0 655.8 169.9
Cash and Cash Equivalents at End of Year $ 69.9 $ 62.0 $ 655.8
[1] Included in goodwill as of April 30, 2025, are accumulated goodwill impairment charges of $1,904.5.