Guarantor and Non-Guarantor Financial Information (Tables)

12 Months Ended

Apr. 30, 2014

Guarantor and Non Guarantor Financial Information [Abstract]

CONDENSED STATEMENTS OF CONSOLIDATED INCOME AND COMPREHENSIVE INCOME

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

	Year Ended April 30, 2014
	The J. M. Smucker Company (Parent)		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net sales	$	3,162.8	$	1,278.8	$	6,601.3	$	(5,432.3)	$	5,610.6
Cost of products sold		2,573.6		1,166.0		5,268.5		(5,428.5)		3,579.6
Gross Profit		589.2		112.8		1,332.8		(3.8)		2,031.0
Selling, distribution, and administrative expenses, restructuring, and merger and integration costs		197.1		47.5		769.8		—		1,014.4
Amortization		4.2		—		94.7		—		98.9
Other operating (income) expense – net		(1.3)		0.9		(0.9)		—		(1.3)
Operating Income		389.2		64.4		469.2		(3.8)		919.0
Interest (expense) income – net		(80.8)		1.2		(1.5)		1.7		(79.4)
Other income (expense) – net		10.8		—		1.0		(1.7)		10.1
Equity in net earnings of subsidiaries		345.1		141.4		64.4		(550.9)		—
Income Before Income Taxes		664.3		207.0		533.1		(554.7)		849.7
Income taxes		99.1		0.4		185.0		—		284.5
Net Income	$	565.2	$	206.6	$	348.1	$	(554.7)	$	565.2
Other comprehensive income, net of tax		25.0		27.4		6.0		(33.4)		25.0
Comprehensive Income	$	590.2	$	234.0	$	354.1	$	(588.1)	$	590.2

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

	Year Ended April 30, 2013
	The J. M. Smucker Company (Parent)		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net sales	$	4,447.6	$	1,296.4	$	5,430.3	$	(5,276.6)	$	5,897.7
Cost of products sold		3,957.3		1,190.6		4,015.0		(5,292.8)		3,870.1
Gross Profit		490.3		105.8		1,415.3		16.2		2,027.6
Selling, distribution, and administrative expenses, restructuring, merger and integration costs, and other special project costs		199.0		42.9		781.5		—		1,023.4
Amortization		4.8		—		92.0		—		96.8
Other operating (income) expense – net		(2.7)		(2.2)		1.9		—		(3.0)
Operating Income		289.2		65.1		539.9		16.2		910.4
Interest (expense) income – net		(94.4)		1.2		(0.2)		—		(93.4)
Other income (expense) – net		0.7		1.1		(1.5)		—		0.3
Equity in net earnings of subsidiaries		408.6		156.7		66.4		(631.7)		—
Income Before Income Taxes		604.1		224.1		604.6		(615.5)		817.3
Income taxes		59.9		0.4		212.8		—		273.1
Net Income	$	544.2	$	223.7	$	391.8	$	(615.5)	$	544.2
Other comprehensive income, net of tax		7.4		9.0		4.1		(13.1)		7.4
Comprehensive Income	$	551.6	$	232.7	$	395.9	$	(628.6)	$	551.6

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

	Year Ended April 30, 2012
	The J. M. Smucker Company (Parent)		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net sales	$	4,302.7	$	1,547.8	$	3,822.4	$	(4,147.1)	$	5,525.8
Cost of products sold		3,741.0		1,408.8		2,682.7		(4,151.9)		3,680.6
Gross Profit		561.7		139.0		1,139.7		4.8		1,845.2
Selling, distribution, and administrative expenses, restructuring, and merger and integration costs		243.4		61.5		660.3		—		965.2
Amortization and impairment charges		11.2		—		81.5		—		92.7
Other operating (income) expense – net		(1.3)		(1.3)		11.6		—		9.0
Operating Income		308.4		78.8		386.3		4.8		778.3
Interest (expense) income – net		(80.7)		3.0		(2.1)		—		(79.8)
Other income (expense) – net		1,404.4		0.4		(3.6)		(1,398.5)		2.7
Equity in net earnings of subsidiaries		(1,095.0)		184.2		79.2		831.6		—
Income Before Income Taxes		537.1		266.4		459.8		(562.1)		701.2
Income taxes		77.3		1.2		163.0		—		241.5
Net Income	$	459.8	$	265.2	$	296.8	$	(562.1)	$	459.7
Other comprehensive loss, net of tax		(87.7)		(23.1)		(49.8)		73.0		(87.6)
Comprehensive Income	$	372.1	$	242.1	$	247.0	$	(489.1)	$	372.1

CONDENSED CONSOLIDATED BALANCE SHEETS

CONDENSED CONSOLIDATING BALANCE SHEETS

	April 30, 2014
	The J. M. Smucker Company (Parent)		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations		Consolidated
ASSETS
Current Assets
Cash and cash equivalents	$	6.8	$	—	$	146.7	$	—	$	153.5
Inventories		—		173.3		761.4		(3.7)		931.0
Other current assets		360.2		9.9		94.6		(10.1)		454.6
Total Current Assets		367.0		183.2		1,002.7		(13.8)		1,539.1
Property, Plant, and Equipment – Net		233.6		551.1		480.9		—		1,265.6
Investments in Subsidiaries		8,367.6		4,063.3		237.9		(12,668.8)		—
Intercompany Receivable		—		315.5		1,132.2		(1,447.7)		—
Other Noncurrent Assets
Goodwill		1,082.0		—		2,016.2		—		3,098.2
Other intangible assets – net		505.5		—		2,518.8		—		3,024.3
Other noncurrent assets		70.4		11.1		63.4		—		144.9
Total Other Noncurrent Assets		1,657.9		11.1		4,598.4		—		6,267.4
Total Assets	$	10,626.1	$	5,124.2	$	7,452.1	$	(14,130.3)	$	9,072.1
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities	$	595.9	$	103.8	$	201.4	$	(10.1)	$	891.0
Noncurrent Liabilities
Long-term debt		1,879.8		—		—		—		1,879.8
Deferred income taxes		107.6		—		913.1		—		1,020.7
Intercompany payable		2,792.9		—		—		(2,792.9)		—
Other noncurrent liabilities		220.3		12.8		17.9		—		251.0
Total Noncurrent Liabilities		5,000.6		12.8		931.0		(2,792.9)		3,151.5
Total Liabilities		5,596.5		116.6		1,132.4		(2,803.0)		4,042.5
Total Shareholders’ Equity		5,029.6		5,007.6		6,319.7		(11,327.3)		5,029.6
Total Liabilities and Shareholders’ Equity	$	10,626.1	$	5,124.2	$	7,452.1	$	(14,130.3)	$	9,072.1

CONDENSED CONSOLIDATING BALANCE SHEETS

	April 30, 2013
	The J. M. Smucker Company (Parent)		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations		Consolidated
ASSETS
Current Assets
Cash and cash equivalents	$	108.0	$	—	$	148.4	$	—	$	256.4
Inventories		—		225.9		733.2		(13.6)		945.5
Other current assets		335.1		3.3		69.6		(14.7)		393.3
Total Current Assets		443.1		229.2		951.2		(28.3)		1,595.2
Property, Plant, and Equipment – Net		230.9		445.1		466.5		—		1,142.5
Investments in Subsidiaries		7,950.9		3,856.6		146.6		(11,954.1)		—
Intercompany Receivable		—		324.8		956.0		(1,280.8)		—
Other Noncurrent Assets
Goodwill		1,082.0		—		1,970.9		—		3,052.9
Other intangible assets – net		509.8		—		2,579.6		—		3,089.4
Other noncurrent assets		72.0		13.7		66.1		—		151.8
Total Other Noncurrent Assets		1,663.8		13.7		4,616.6		—		6,294.1
Total Assets	$	10,288.7	$	4,869.4	$	7,136.9	$	(13,263.2)	$	9,031.8
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities	$	317.8	$	104.9	$	188.8	$	(14.7)	$	596.8
Noncurrent Liabilities
Long-term debt		1,967.8		—		—		—		1,967.8
Deferred income taxes		97.5		—		889.7		—		987.2
Intercompany payable		2,519.2		—		—		(2,519.2)		—
Other noncurrent liabilities		237.6		18.1		75.5		—		331.2
Total Noncurrent Liabilities		4,822.1		18.1		965.2		(2,519.2)		3,286.2
Total Liabilities		5,139.9		123.0		1,154.0		(2,533.9)		3,883.0
Total Shareholders’ Equity		5,148.8		4,746.4		5,982.9		(10,729.3)		5,148.8
Total Liabilities and Shareholders’ Equity	$	10,288.7	$	4,869.4	$	7,136.9	$	(13,263.2)	$	9,031.8

CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

	Year Ended April 30, 2014
	The J. M. Smucker Company (Parent)		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Cash Provided by Operating Activities	$	297.8	$	168.5	$	389.7	$	—	$	856.0
Investing Activities
Businesses acquired, net of cash acquired		—		—		(101.8)		—		(101.8)
Additions to property, plant, and equipment		(31.1)		(163.2)		(85.2)		—		(279.5)
Sales and maturities of marketable securities		10.0		—		—		—		10.0
Proceeds from disposal of property, plant, and equipment		—		0.6		10.1		—		10.7
Equity investments in subsidiaries		(108.9)		(17.1)		—		126.0		—
Repayments from (disbursements of) intercompany loans		—		9.3		(283.0)		273.7		—
Other – net		(3.2)		0.2		(6.7)		—		(9.7)
Net Cash (Used for) Provided by Investing Activities		(133.2)		(170.2)		(466.6)		399.7		(370.3)
Financing Activities
Revolving credit facility – net		248.4		—		—		—		248.4
Repayments of long-term debt		(50.0)		—		—		—		(50.0)
Quarterly dividends paid		(238.0)		—		—		—		(238.0)
Purchase of treasury shares		(508.5)		—		—		—		(508.5)
Proceeds from stock option exercises		0.5		—		—		—		0.5
Investments in subsidiaries		—		—		126.0		(126.0)		—
Intercompany payable		273.7		—		—		(273.7)		—
Other – net		8.1		1.7		(37.7)		—		(27.9)
Net Cash (Used for) Provided by Financing Activities		(265.8)		1.7		88.3		(399.7)		(575.5)
Effect of exchange rate changes on cash		—		—		(13.1)		—		(13.1)
Net decrease in cash and cash equivalents		(101.2)		—		(1.7)		—		(102.9)
Cash and cash equivalents at beginning of year		108.0		—		148.4		—		256.4
Cash and Cash Equivalents at End of Year	$	6.8	$	—	$	146.7	$	—	$	153.5

(    ) Denotes use of cash

CONSOLIDATING STATEMENTS OF CASH FLOWS

	Year Ended April 30, 2013
	The J. M. Smucker Company (Parent)		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Cash Provided by Operating Activities	$	201.7	$	46.4	$	607.7	$	—	$	855.8
Investing Activities
Additions to property, plant, and equipment		(33.6)		(103.1)		(69.8)		—		(206.5)
Proceeds from disposal of property, plant, and equipment		—		0.1		3.2		—		3.3
Equity investments in subsidiaries		(3.7)		(174.2)		—		177.9		—
Repayments from (disbursements of) intercompany loans		—		227.4		(693.6)		466.2		—
Other – net		(9.5)		3.4		23.7		—		17.6
Net Cash (Used for) Provided by Investing Activities		(46.8)		(46.4)		(736.5)		644.1		(185.6)
Financing Activities
Repayments of long-term debt		(50.0)		—		—		—		(50.0)
Quarterly dividends paid		(222.8)		—		—		—		(222.8)
Purchase of treasury shares		(364.2)		—		—		—		(364.2)
Proceeds from stock option exercises		2.2		—		—		—		2.2
Investments in subsidiaries		9.9		—		168.0		(177.9)		—
Intercompany payable		466.2		—		—		(466.2)		—
Other – net		3.5		—		(9.7)		—		(6.2)
Net Cash (Used for) Provided by Financing Activities		(155.2)		—		158.3		(644.1)		(641.0)
Effect of exchange rate changes on cash		—		—		(2.5)		—		(2.5)
Net (decrease) increase in cash and cash equivalents		(0.3)		—		27.0		—		26.7
Cash and cash equivalents at beginning of year		108.3		—		121.4		—		229.7
Cash and Cash Equivalents at End of Year	$	108.0	$	—	$	148.4	$	—	$	256.4

(    ) Denotes use of cash

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

	Year Ended April 30, 2012
	The J. M. Smucker Company (Parent)		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Cash Provided by (Used for) Operating Activities	$	1,669.7	$	181.0	$	(1,119.8)	$	—	$	730.9
Investing Activities
Businesses acquired, net of cash acquired		—		—		(737.3)		—		(737.3)
Additions to property, plant, and equipment		(53.0)		(133.6)		(87.6)		—		(274.2)
Equity investment in affiliate		—		—		(35.9)		—		(35.9)
Proceeds from divestiture		—		—		9.3		—		9.3
Sales and maturities of marketable securities		18.6		—		—		—		18.6
Proceeds from disposal of property, plant, and equipment		0.2		0.4		3.4		—		4.0
Equity investments in subsidiaries		(2,985.2)		—		(690.7)		3,675.9		—
(Disbursements of) repayments from intercompany loans		—		(3,720.2)		2,688.6		1,031.6		—
Other – net		—		(3.5)		(16.9)		—		(20.4)
Net Cash (Used for) Provided by Investing Activities		(3,019.4)		(3,856.9)		1,132.9		4,707.5		(1,035.9)
Financing Activities
Proceeds from long-term debt		748.6		—		—		—		748.6
Quarterly dividends paid		(213.7)		—		—		—		(213.7)
Purchase of treasury shares		(315.8)		—		—		—		(315.8)
Proceeds from stock option exercises		2.8		—		—		—		2.8
Investments in subsidiaries		—		3,675.9		—		(3,675.9)		—
Intercompany payable		1,031.6		—		—		(1,031.6)		—
Other – net		(2.3)		—		—		—		(2.3)
Net Cash Provided by (Used for) Financing Activities		1,251.2		3,675.9		—		(4,707.5)		219.6
Effect of exchange rate changes on cash		—		—		(4.7)		—		(4.7)
Net (decrease) increase in cash and cash equivalents		(98.5)		—		8.4		—		(90.1)
Cash and cash equivalents at beginning of year		206.8		—		113.0		—		319.8
Cash and Cash Equivalents at End of Year	$	108.3	$	—	$	121.4	$	—	$	229.7

(    ) Denotes use of cash