Guarantor and Non-Guarantor Financial Information (Tables)

9 Months Ended

Jan. 31, 2013

Guarantor and Non - Guarantor Financial Information [Abstract]

CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME


	Three Months Ended January 31, 2013
	The J.M. Smucker		Subsidiary		Non-Guarantor
	Company (Parent)		Guarantors		Subsidiaries		Eliminations		Consolidated
Net sales	$	1,144,268	$	326,125	$	1,465,800	$	(1,376,635)	$	1,559,558
Cost of products sold		994,229		300,108		1,099,700		(1,370,708)		1,023,329

Gross Profit		150,039		26,017		366,100		(5,927)		536,229
Selling, distribution, and administrative expenses, restructuring, and merger and integration costs		41,708		10,396		205,782		—		257,886
Amortization		1,195		—		23,005		—		24,200
Other operating income—net		(2,464)		(793)		(907)		—		(4,164)

Operating Income		109,600		16,414		138,220		(5,927)		258,307
Interest (expense) income—net		(24,115)		299		56		—		(23,760)
Other (expense) income—net		(10,124)		324		9,247		—		(553)
Equity in net earnings of subsidiaries		103,357		41,944		16,735		(162,036)		—

Income Before Income Taxes		178,718		58,981		164,258		(167,963)		233,994
Income taxes		24,550		102		55,174		—		79,826

Net Income	$	154,168	$	58,879	$	109,084	$	(167,963)	$	154,168
Other comprehensive income, net of tax		5,354		3,735		3,793		(7,528)		5,354

Comprehensive Income	$	159,522	$	62,614	$	112,877	$	(175,491)	$	159,522

CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME


	Three Months Ended January 31, 2012
	The J.M. Smucker		Subsidiary		Non-Guarantor
	Company (Parent)		Guarantors		Subsidiaries		Eliminations		Consolidated
Net sales	$	1,159,940	$	396,539	$	1,040,114	$	(1,128,952)	$	1,467,641
Cost of products sold		1,038,288		357,429		741,938		(1,135,699)		1,001,956

Gross Profit		121,652		39,110		298,176		6,747		465,685
Selling, distribution, and administrative expenses, restructuring, and merger and integration costs		60,727		19,867		163,844		—		244,438
Amortization		1,550		—		20,481		—		22,031
Loss on divestiture and other operating (income) expense—net		(627)		(717)		194		—		(1,150)

Operating Income		60,002		19,960		113,657		6,747		200,366
Interest (expense) income—net		(23,353)		721		(503)		—		(23,135)
Other (expense) income—net		(11)		96		(81)		—		4
Equity in net earnings of subsidiaries		95,637		55,084		20,048		(170,769)		—

Income Before Income Taxes		132,275		75,861		133,121		(164,022)		177,235
Income taxes		15,431		245		44,715		—		60,391

Net Income	$	116,844	$	75,616	$	88,406	$	(164,022)	$	116,844
Other comprehensive (loss) income, net of tax		(2,875)		755		52		(807)		(2,875)

Comprehensive Income	$	113,969	$	76,371	$	88,458	$	(164,829)	$	113,969


CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME

	Nine Months Ended January 31, 2013
	The J.M. Smucker		Subsidiary		Non-Guarantor
	Company (Parent)		Guarantors		Subsidiaries		Eliminations		Consolidated
Net sales	$	3,331,257	$	1,002,619	$	4,312,763	$	(4,088,632)	$	4,558,007
Cost of products sold		2,931,429		921,062		3,238,047		(4,080,444)		3,010,094

Gross Profit		399,828		81,557		1,074,716		(8,188)		1,547,913
Selling, distribution, and administrative expenses, restructuring, merger and integration, and other special project costs		157,670		33,134		591,806		—		782,610
Amortization		7,064		—		65,530		—		72,594
Other operating (income) expense—net		(3,174)		(2,041)		1,550		—		(3,665)

Operating Income		238,268		50,464		415,830		(8,188)		696,374
Interest (expense) income—net		(72,046)		895		(101)		—		(71,252)
Other (expense) income—net		(624)		999		(20)		—		355
Equity in net earnings of subsidiaries		302,396		115,404		51,454		(469,254)		—

Income Before Income Taxes		467,994		167,762		467,163		(477,442)		625,477
Income taxes		54,116		304		157,179		—		211,599

Net Income	$	413,878	$	167,458	$	309,984	$	(477,442)	$	413,878
Other comprehensive income, net of tax		9,132		5,338		3,395		(8,733)		9,132

Comprehensive Income	$	423,010	$	172,796	$	313,379	$	(486,175)	$	423,010


CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME

	Nine Months Ended January 31, 2012
	The J.M. Smucker		Subsidiary		Non-Guarantor
	Company (Parent)		Guarantors		Subsidiaries		Eliminations		Consolidated
Net sales	$	3,258,136	$	1,179,939	$	2,915,302	$	(3,182,948)	$	4,170,429
Cost of products sold		2,853,831		1,074,723		2,028,091		(3,181,654)		2,774,991

Gross Profit		404,305		105,216		887,211		(1,294)		1,395,438
Selling, distribution, and administrative expenses, restructuring, and merger and integration costs		183,782		46,291		499,328		—		729,401
Amortization		4,228		—		58,597		—		62,825
Loss on divestiture and other operating (income) expense—net		(711)		(469)		11,709		—		10,529

Operating Income		217,006		59,394		317,577		(1,294)		592,683
Interest (expense) income—net		(58,071)		2,671		(1,979)		—		(57,379)
Other income—net		678		330		950		—		1,958
Equity in net earnings of subsidiaries		250,596		164,707		59,715		(475,018)		—

Income Before Income Taxes		410,209		227,102		376,263		(476,312)		537,262
Income taxes		54,595		893		126,160		—		181,648

Net Income	$	355,614	$	226,209	$	250,103	$	(476,312)	$	355,614
Other comprehensive loss, net of tax		(36,355)		(8,962)		(28,055)		37,017		(36,355)

Comprehensive Income	$	319,259	$	217,247	$	222,048	$	(439,295)	$	319,259

CONDENSED CONSOLIDATED BALANCE SHEETS


	January 31, 2013
	The J.M. Smucker		Subsidiary		Non-Guarantor
	Company (Parent)		Guarantors		Subsidiaries		Eliminations		Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	294,693	$	—	$	144,121	$	—	$	438,814
Inventories		—		134,825		766,382		(23,051)		878,156
Other current assets		359,252		1,090		68,633		—		428,975

Total Current Assets		653,945		135,915		979,136		(23,051)		1,745,945
PROPERTY, PLANT, AND EQUIPMENT		229,287		425,303		467,025		—		1,121,615
INVESTMENTS IN SUBSIDIARIES AND INTERCOMPANY		5,370,945		4,245,444		969,653		(10,586,042)		—
OTHER NONCURRENT ASSETS
Goodwill		1,081,988		—		1,971,758		—		3,053,746
Other intangible assets—net		511,056		—		2,602,968		—		3,114,024
Other noncurrent assets		68,366		14,923		65,835		—		149,124

Total Other Noncurrent Assets		1,661,410		14,923		4,640,561		—		6,316,894

	$	7,915,587	$	4,821,585	$	7,056,375	$	(10,609,093)	$	9,184,454

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES	$	312,261	$	92,379	$	188,823	$	—	$	593,463
NONCURRENT LIABILITIES
Long-term debt		2,018,508		—		—		—		2,018,508
Deferred income taxes		108,103		—		891,221		—		999,324
Other noncurrent liabilities		216,479		19,928		76,516		—		312,923

Total Noncurrent Liabilities		2,343,090		19,928		967,737		—		3,330,755
SHAREHOLDERS’ EQUITY		5,260,236		4,709,278		5,899,815		(10,609,093)		5,260,236

	$	7,915,587	$	4,821,585	$	7,056,375	$	(10,609,093)	$	9,184,454


CONDENSED CONSOLIDATED BALANCE SHEETS

	April 30, 2012
	The J.M. Smucker		Subsidiary		Non-Guarantor
	Company (Parent)		Guarantors		Subsidiaries		Eliminations		Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	108,281	$	—	$	121,427	$	—	$	229,708
Inventories		—		161,411		815,030		(14,865)		961,576
Other current assets		334,220		3,499		114,462		—		452,181

Total Current Assets		442,501		164,910		1,050,919		(14,865)		1,643,465
PROPERTY, PLANT, AND EQUIPMENT		220,354		389,163		486,572		—		1,096,089
INVESTMENTS IN SUBSIDIARIES AND INTERCOMPANY		5,684,496		4,241,145		702,550		(10,628,191)		—
OTHER NONCURRENT ASSETS
Goodwill		981,606		—		2,073,012		—		3,054,618
Other intangible assets—net		435,713		—		2,751,294		—		3,187,007
Other noncurrent assets		59,992		11,137		62,918		—		134,047

Total Other Noncurrent Assets		1,477,311		11,137		4,887,224		—		6,375,672

	$	7,824,662		4,806,355	$	7,127,265	$	(10,643,056)	$	9,115,226

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES	$	323,608	$	101,714	$	191,650	$	—	$	616,972
NONCURRENT LIABILITIES
Long-term debt		2,020,543		—		—		—		2,020,543
Deferred income taxes		104,822		311		887,559		—		992,692
Other noncurrent liabilities		212,303		20,031		89,299		—		321,633

Total Noncurrent Liabilities		2,337,668		20,342		976,858		—		3,334,868
SHAREHOLDERS’ EQUITY		5,163,386		4,684,299		5,958,757		(10,643,056)		5,163,386

	$	7,824,662	$	4,806,355	$	7,127,265	$	(10,643,056)	$	9,115,226

CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS


	Nine Months Ended January 31, 2013
	The J.M. Smucker		Subsidiary			Non-Guarantor
	Company (Parent)		Guarantors			Subsidiaries		Eliminations		Consolidated
Net Cash Provided by Operating Activities	$	119,090	$	103,388		$	461,161	$	—	$	683,639
INVESTING ACTIVITIES
Additions to property, plant, and equipment		(24,941)		(70,704)			(50,894)		—		(146,539)
Proceeds from disposal of property, plant, and equipment		—		69			3,046		—		3,115
Other—net		(9,449)		3,911			22,735		—		17,197

Net Cash Used for Investing Activities		(34,390)		(66,724)			(25,113)		—		(126,227)
FINANCING ACTIVITIES
Quarterly dividends paid		(166,475)		—			—		—		(166,475)
Purchase of treasury shares		(175,490)		—			—		—		(175,490)
Proceeds from stock option exercises		1,881		—			—		—		1,881
Intercompany		438,913		(36,664)			(402,249)		—		—
Other—net		2,883		—			(10,000)		—		(7,117)

Net Cash Provided by (Used for) Financing Activities		101,712		(36,664)			(412,249)		—		(347,201)
Effect of exchange rate changes on cash		—		—			(1,105)		—		(1,105)

Net increase in cash and cash equivalents		186,412		—			22,694		—		209,106
Cash and cash equivalents at beginning of period		108,281		—			121,427		—		229,708

Cash and Cash Equivalents at End of Period	$	294,693	$	—		$	144,121	$	—	$	438,814


CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS

	Nine Months Ended January 31, 2012
	The J.M. Smucker		Subsidiary			Non-Guarantor
	Company (Parent)		Guarantors			Subsidiaries		Eliminations		Consolidated
Net Cash Provided by Operating Activities	$	79,972	$	94,057		$	295,210	$	—	$	469,239
INVESTING ACTIVITIES
Businesses acquired, net of cash acquired		—		—			(742,355)		—		(742,355)
Additions to property, plant, and equipment		(41,483)		(101,333	)		(54,075)		—		(196,891)
Proceeds from divestiture		—		—			9,268		—		9,268
Sales and maturities of marketable securities		18,600		—			—		—		18,600
Proceeds from disposal of property, plant, and equipment		262		320			2,202		—		2,784
Other—net		—		—			(1,021)		—		(1,021)

Net Cash Used for Investing Activities		(22,621)		(101,013	)		(785,981)		—		(909,615)
FINANCING ACTIVITIES
Proceeds from long-term debt—net		748,560		—			—		—		748,560
Quarterly dividends paid		(159,389)		—			—		—		(159,389)
Purchase of treasury shares		(90,522)		—			—		—		(90,522)
Proceeds from stock option exercises		1,719		—			—		—		1,719
Intercompany		(497,712)		6,956			490,756		—		—
Other—net		(2,915)		—			—		—		(2,915)

Net Cash (Used for) Provided by Financing Activities		(259)		6,956			490,756		—		497,453
Effect of exchange rate changes		—		—			(6,494)		—		(6,494)

Net increase (decrease) in cash and cash equivalents		57,092		—			(6,509)		—		50,583
Cash and cash equivalents at beginning of period		206,845		—			113,000		—		319,845

Cash and Cash Equivalents at End of Period	$	263,937	$	—		$	106,491	$	—	$	370,428