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Derivative Financial Instruments (Tables)
3 Months Ended
Jul. 31, 2013
Derivative Financial Instruments [Abstract]  
Fair value of derivative instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

July 31, 2013

 

  

April 30, 2013

 

 

  

Other
Current

Assets

 

  

Other
Current

Liabilities

 

  

Other
Current

Assets

 

  

Other
Current

Liabilities

 

Derivatives designated as hedging instruments:

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Commodity contracts

  

$

0.8

  

  

$

1.3

  

  

$

2.1

  

  

$

2.0

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Derivatives not designated as hedging instruments:

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Commodity contracts

  

$

4.3

  

  

$

2.5

  

  

$

3.6

  

  

$

2.3

  

Foreign currency exchange contracts

  

 

0.8

  

  

 

0.3

  

  

 

0.7

  

  

 

0.2

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total derivatives not designated as hedging instruments

  

$

5.1

  

  

$

2.8

  

  

$

4.3

  

  

$

2.5

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total derivative instruments

  

$

5.9

  

  

$

4.1

  

  

$

6.4

  

  

$

4.5

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

 

Commodity contracts gains and losses recognized on derivatives designated as cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended July 31,

 

 

  

2013

 

 

2012

 

Losses recognized in other comprehensive loss (effective portion)

  

$

(6.0)

 

 

$

(2.2)

 

Losses reclassified from accumulated other comprehensive loss to cost of products sold (effective portion)

  

 

(8.8)

 

 

 

(6.5)

 

 

  

 

 

 

 

 

 

 

Change in accumulated other comprehensive loss

  

$

2.8

  

 

$

4.3

  

 

  

 

 

 

 

 

 

 

Losses recognized in cost of products sold (ineffective portion)

  

$

—  

  

 

$

(0.1)

 

 

  

 

 

 

 

 

 

 

 

Net realized and unrealized gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended July 31,

 

 

  

2013

 

 

2012

 

Unrealized gains on commodity contracts

  

$

4.5

  

 

$

19.6

  

Unrealized gains on foreign currency exchange contracts

  

 

0.1

  

 

 

0.1

  

 

  

 

 

 

 

 

 

 

Total unrealized gains recognized in cost of products sold

  

$

4.6

  

 

$

19.7

  

 

  

 

 

 

 

 

 

 

Realized losses on commodity contracts

  

$

(6.4)

 

 

$

(7.8)

 

Realized gains on foreign currency exchange contracts

  

 

1.0

  

 

 

0.1

  

 

  

 

 

 

 

 

 

 

Total realized losses recognized in cost of products sold

  

$

(5.4)

 

 

$

(7.7)

 

 

  

 

 

 

 

 

 

 

Total (losses) gains recognized in cost of products sold

  

$

(0.8)

 

 

$

12.0

  

 

  

 

 

 

 

 

 

 

 

Outstanding derivative contracts

 

 

 

 

 

 

 

 

 

 

 

  

July 31, 2013

 

  

April 30, 2013

 

Commodity contracts

  

$

315.6

  

  

$

347.6

  

Foreign currency exchange contracts

  

 

68.3

  

  

 

56.8