Reportable Segments

3 Months Ended

Jul. 31, 2011

Reportable Segments [Abstract]

Reportable Segments

Note G — Reportable Segments

The Company operates in one industry: the manufacturing and marketing of food products. Effective May 1, 2011, the Company’s reportable segments have been modified to align segment financial results with the responsibilities of segment management, consistent with the executive appointments announced in March 2011. As a result, the Company now presents the following three reportable segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, and International, Foodservice, and Natural Foods. The U.S. Retail Coffee segment primarily represents the domestic sales of Folgers^®, Dunkin’ Donuts^®, Millstone^®, Café Bustelo^®, and Café Pilon^TM branded coffee to retail customers; the U.S. Retail Consumer Foods segment primarily includes domestic sales of Smucker’s^®, Crisco^®, Jif^®, Pillsbury^®, Eagle Brand^®, Hungry Jack^®, and Martha White^® branded products; and the International, Foodservice, and Natural Foods segment is comprised of products distributed domestically and in foreign countries through retail channels, foodservice distributors and operators (e.g., restaurants, schools and universities, health care operators), and health and natural foods stores and distributors.

Also effective May 1, 2011, certain specialty brands which were previously included in the U.S. Retail Consumer Foods segment are included in the International, Foodservice, and Natural Foods segment (“product realignments”). Segment performance for 2011 has been reclassified for these product realignments and the organizational changes described above.

The following table sets forth reportable segment information.

	Three Months Ended
	July 31,
	2011			2010
Net sales:
U.S. Retail Coffee	$	500,109		$	393,570
U.S. Retail Consumer Foods		459,500			448,522
International, Foodservice, and Natural Foods		229,274			205,220
Total net sales	$	1,188,883		$	1,047,312
Segment profit:
U.S. Retail Coffee	$	139,711		$	111,882
U.S. Retail Consumer Foods		79,019			93,355
International, Foodservice, and Natural Foods		38,545			35,521
Total segment profit	$	257,275		$	240,758
Interest income		302			433
Interest expense		(15,422	)		(16,539	)
Share-based compensation expense		(5,151	)		(4,340	)
Cost of products sold — restructuring		(9,666	)		(9,453	)
Cost of products sold — merger and integration		(760	)		0
Other restructuring costs		(9,897	)		(18,104	)
Other merger and integration costs		(4,685	)		(2,656	)
Corporate administrative expenses		(46,413	)		(41,038	)
Other income — net		1,243			693
Income before income taxes	$	166,826		$	149,754