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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

October 31, 2013

 

  

April 30, 2013

 

 

  

Other
Current

Assets

 

  

Other
Current

Liabilities

 

  

Other
Noncurrent

Liabilities

 

  

Other
Current

Assets

 

  

Other
Current

Liabilities

 

Derivatives designated as hedging instruments:

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

    Interest rate contract

  

$

18.2

  

  

$

—  

  

  

$

1.0

  

  

$

—  

  

  

$

—  

  

    Commodity contracts

  

 

1.0

  

  

 

3.8

  

  

 

—  

  

  

 

2.1

  

  

 

2.0

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total derivatives designated as hedging instruments

  

$

19.2

  

  

$

3.8

  

  

$

1.0

  

  

$

2.1

  

  

$

2.0

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Derivatives not designated as hedging instruments:

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

    Commodity contracts

  

$

5.4

  

  

$

4.6

  

  

$

—  

  

  

$

3.6

  

  

$

2.3

  

    Foreign currency exchange contracts

  

 

0.8

  

  

 

0.2

  

  

 

—  

  

  

 

0.7

  

  

 

0.2

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total derivatives not designated as hedging instruments

  

$

6.2

  

  

$

4.8

  

  

$

—  

  

  

$

4.3

  

  

$

2.5

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total derivative instruments

  

$

25.4

  

  

$

8.6

  

  

$

1.0

  

  

$

6.4

  

  

$

4.5

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended October 31,

 

 

Six Months Ended October 31,

 

 

  

2013

 

 

2012

 

 

2013

 

 

2012

 

Losses recognized in other comprehensive (loss) income (effective portion)

  

$

(4.6)

 

 

$

(13.1)

 

 

$

(10.6)

 

 

$

(15.3)

 

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

  

 

(3.9)

 

 

 

(12.5)

 

 

 

(12.7)

 

 

 

(19.0)

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in accumulated other comprehensive loss

  

$

(0.7)

 

 

$

(0.6)

 

 

$

2.1

  

 

$

3.7

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains (losses) recognized in cost of products sold (ineffective portion)

  

$

0.1

  

 

$

(0.1)

 

 

$

0.1

  

 

$

(0.2)

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended October 31,

 

 

Six Months Ended October 31,

 

 

  

2013

 

 

2012

 

 

2013

 

 

2012

 

Unrealized (losses) gains on commodity contracts

  

$

(1.5)

 

 

$

(11.2)

 

 

$

3.0

  

 

$

8.4

  

Unrealized gains on foreign currency exchange contracts

  

 

—  

  

 

 

0.9

  

 

 

0.1

  

 

 

1.0

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total unrealized (losses) gains recognized in cost of products sold

  

$

(1.5)

 

 

$

(10.3)

 

 

$

3.1

  

 

$

9.4

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gains (losses) on commodity contracts

  

$

0.3

  

 

$

7.2

  

 

$

(6.1)

 

 

$

(0.6)

 

Realized gains (losses) on foreign currency exchange contracts

  

 

0.8

  

 

 

(0.3)

 

 

 

1.8

  

 

 

(0.2)

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total realized gains (losses) recognized in cost of products sold

  

$

1.1

  

 

$

6.9

  

 

$

(4.3)

 

 

$

(0.8)

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total (losses) gains recognized in cost of products sold

  

$

(0.4)

 

 

$

(3.4)

 

 

$

(1.2)

 

 

$

8.6

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding derivative contracts

 

 

 

 

 

 

 

 

 

 

 

  

October 31, 2013

 

  

April 30, 2013

 

Commodity contracts

  

$

324.5

  

  

$

347.6

  

Foreign currency exchange contracts

  

 

63.0

  

  

 

56.8

  

Interest rate contract

  

 

750.0

  

  

 

—