Guarantor and Non-Guarantor Financial Information (Tables)

6 Months Ended

Oct. 31, 2016

Guarantor and Non - Guarantor Financial Information [Abstract]

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME	Three Months Ended October 31, 2016
	The J.M. Smucker Company (Parent)			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	527.9		$	328.7		$	2,714.3		$	(1,657.0	)	$	1,913.9
Cost of products sold	380.8			302.7			2,158.4			(1,670.9		)	1,171.0
Gross Profit	147.1			26.0			555.9			13.9			742.9
Selling, distribution, and administrative expenses and    other special project costs	86.5			10.8			292.4			—			389.7
Amortization	2.6			—			49.2			—			51.8
Other operating expense (income) – net	0.1			(0.3		)	(1.7		)	—			(1.9		)
Operating Income	57.9			15.5			216.0			13.9			303.3
Interest (expense) income – net	(41.3		)	0.3			—			—			(41.0		)
Other (expense) income – net	(1.0		)	2.6			1.6			—			3.2
Equity in net earnings of subsidiaries	171.5			37.9			18.1			(227.5		)	—
Income Before Income Taxes	187.1			56.3			235.7			(213.6		)	265.5
Income taxes	9.8			0.1			78.3			—			88.2
Net Income	$	177.3		$	56.2		$	157.4		$	(213.6	)	$	177.3
Other comprehensive (loss) income, net of tax	(10.2		)	0.3			(10.1		)	9.8			(10.2		)
Comprehensive Income	$	167.1		$	56.5		$	147.3		$	(203.8	)	$	167.1

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME	Three Months Ended October 31, 2015
	The J.M. Smucker Company (Parent)			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	827.2		$	341.7	$	2,316.1		$	(1,407.3	)	$	2,077.7
Cost of products sold	629.8			314.3		1,755.1			(1,408.8		)	1,290.4
Gross Profit	197.4			27.4		561.0			1.5			787.3
Selling, distribution, and administrative expenses and    other special project costs	62.7			10.2		347.5			—			420.4
Amortization	1.0			—		52.0			—			53.0
Other operating expense – net	—			—		0.1			—			0.1
Operating Income	133.7			17.2		161.4			1.5			313.8
Interest (expense) income – net	(42.8		)	0.3		(0.1		)	—			(42.6		)
Other income (expense) – net	0.6			0.1		(2.3		)	—			(1.6		)
Equity in net earnings of subsidiaries	116.8			32.0		17.3			(166.1		)	—
Income Before Income Taxes	208.3			49.6		176.3			(164.6		)	269.6
Income taxes	32.3			0.1		61.2			—			93.6
Net Income	$	176.0		$	49.5	$	115.1		$	(164.6	)	$	176.0
Other comprehensive income (loss), net of tax	2.1			0.2		(0.9		)	0.7			2.1
Comprehensive Income	$	178.1		$	49.7	$	114.2		$	(163.9	)	$	178.1

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME	Six Months Ended October 31, 2016
	The J.M. Smucker Company (Parent)			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	1,503.9		$	639.3		$	5,314.2		$	(3,727.7	)	$	3,729.7
Cost of products sold	1,187.4			582.6			4,220.5			(3,726.4		)	2,264.1
Gross Profit	316.5			56.7			1,093.7			(1.3		)	1,465.6
Selling, distribution, and administrative expenses and    other special project costs	171.4			20.9			575.6			—			767.9
Amortization	5.1			—			98.4			—			103.5
Other operating expense (income) – net	0.3			(0.3		)	(2.9		)	—			(2.9		)
Operating Income	139.7			36.1			422.6			(1.3		)	597.1
Interest (expense) income – net	(83.0		)	0.6			(0.1		)	—			(82.5		)
Other income – net	1.1			2.7			0.5			—			4.3
Equity in net earnings of subsidiaries	306.0			72.8			38.8			(417.6		)	—
Income Before Income Taxes	363.8			112.2			461.8			(418.9		)	518.9
Income taxes	16.5			0.2			154.9			—			171.6
Net Income	$	347.3		$	112.0		$	306.9		$	(418.9	)	$	347.3
Other comprehensive (loss) income, net of tax	(7.7		)	0.6			(23.6		)	23.0			(7.7		)
Comprehensive Income	$	339.6		$	112.6		$	283.3		$	(395.9	)	$	339.6

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME	Six Months Ended October 31, 2015
	The J.M. Smucker Company (Parent)			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	1,588.0		$	639.9	$	4,550.1		$	(2,748.3	)	$	4,029.7
Cost of products sold	1,239.7			586.5		3,436.9			(2,749.4		)	2,513.7
Gross Profit	348.3			53.4		1,113.2			1.1			1,516.0
Selling, distribution, and administrative expenses and    other special project costs	124.9			20.8		685.2			—			830.9
Amortization	2.1			—		103.9			—			106.0
Other operating (income) expense – net	(0.1		)	0.4		(2.1		)	—			(1.8		)
Operating Income	221.4			32.2		326.2			1.1			580.9
Interest (expense) income – net	(87.4		)	0.6		(0.2		)	—			(87.0		)
Other income (expense) – net	3.5			0.1		(5.1		)	—			(1.5		)
Equity in net earnings of subsidiaries	223.2			65.2		32.3			(320.7		)	—
Income Before Income Taxes	360.7			98.1		353.2			(319.6		)	492.4
Income taxes	48.3			0.2		131.5			—			180.0
Net Income	$	312.4		$	97.9	$	221.7		$	(319.6	)	$	312.4
Other comprehensive (loss) income, net of tax	(19.0		)	0.5		(23.2		)	22.7			(19.0		)
Comprehensive Income	$	293.4		$	98.4	$	198.5		$	(296.9	)	$	293.4

CONDENSED CONSOLIDATING BALANCE SHEETS

CONDENSED CONSOLIDATING BALANCE SHEETS	October 31, 2016
	The J.M. Smucker Company (Parent)		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets
Cash and cash equivalents	$	11.4	$	—	$	110.4	$	—		$	121.8
Inventories	—		152.4		877.2		(1.2		)	1,028.4
Other current assets	596.8		2.9		68.2		(12.9		)	655.0
Total Current Assets	608.2		155.3		1,055.8		(14.1		)	1,805.2
Property, Plant, and Equipment – Net	291.8		572.0		722.9		—			1,586.7
Investments in Subsidiaries	15,376.8		4,390.7		371.0		(20,138.5		)	—
Intercompany Receivable	—		475.0		1,728.5		(2,203.5		)	—
Other Noncurrent Assets
Goodwill	1,494.8		—		4,585.2		—			6,080.0
Other intangible assets – net	423.1		—		5,964.2		—			6,387.3
Other noncurrent assets	55.9		11.9		131.2		—			199.0
Total Other Noncurrent Assets	1,973.8		11.9		10,680.6		—			12,666.3
Total Assets	$	18,250.6	$	5,604.9	$	14,558.8	$	(22,356.1	)	$	16,058.2
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities	$	815.3	$	102.2	$	401.7	$	(12.9	)	$	1,306.3
Noncurrent Liabilities
Long-term debt	4,945.4		—		—		—			4,945.4
Deferred income taxes	69.9		—		2,175.1		—			2,245.0
Intercompany payable	4,904.9		—		—		(4,904.9		)	—
Other noncurrent liabilities	335.0		17.9		28.5		—			381.4
Total Noncurrent Liabilities	10,255.2		17.9		2,203.6		(4,904.9		)	7,571.8
Total Liabilities	11,070.5		120.1		2,605.3		(4,917.8		)	8,878.1
Total Shareholders’ Equity	7,180.1		5,484.8		11,953.5		(17,438.3		)	7,180.1
Total Liabilities and Shareholders’ Equity	$	18,250.6	$	5,604.9	$	14,558.8	$	(22,356.1	)	$	16,058.2

CONDENSED CONSOLIDATING BALANCE SHEETS	April 30, 2016
	The J.M. Smucker Company (Parent)		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets
Cash and cash equivalents	$	7.0	$	—	$	102.8	$	—		$	109.8
Inventories	—		143.2		752.0		4.2			899.4
Other current assets	497.3		5.9		71.9		(10.9		)	564.2
Total Current Assets	504.3		149.1		926.7		(6.7		)	1,573.4
Property, Plant, and Equipment – Net	296.3		587.0		744.4		—			1,627.7
Investments in Subsidiaries	15,092.2		4,317.9		331.6		(19,741.7		)	—
Intercompany Receivable	—		404.7		1,543.9		(1,948.6		)	—
Other Noncurrent Assets
Goodwill	1,494.8		—		4,596.3		—			6,091.1
Other intangible assets – net	428.3		—		6,066.1		—			6,494.4
Other noncurrent assets	57.4		10.4		129.7		—			197.5
Total Other Noncurrent Assets	1,980.5		10.4		10,792.1		—			12,783.0
Total Assets	$	17,873.3	$	5,469.1	$	14,338.7	$	(21,697.0	)	$	15,984.1
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities	$	723.3	$	78.9	$	421.6	$	(10.8	)	$	1,213.0
Noncurrent Liabilities
Long-term debt	5,146.0		—		—		—			5,146.0
Deferred income taxes	60.7		—		2,169.6		—			2,230.3
Intercompany payable	4,644.7		—		—		(4,644.7		)	—
Other noncurrent liabilities	290.1		17.9		78.3		—			386.3
Total Noncurrent Liabilities	10,141.5		17.9		2,247.9		(4,644.7		)	7,762.6
Total Liabilities	10,864.8		96.8		2,669.5		(4,655.5		)	8,975.6
Total Shareholders’ Equity	7,008.5		5,372.3		11,669.2		(17,041.5		)	7,008.5
Total Liabilities and Shareholders’ Equity	$	17,873.3	$	5,469.1	$	14,338.7	$	(21,697.0	)	$	15,984.1

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	Six Months Ended October 31, 2016
	The J.M. Smucker Company (Parent)			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Cash Provided by Operating Activities	$	22.4		$	87.9		$	265.0		$	—		$	375.3
Investing Activities
Additions to property, plant, and equipment	(17.0		)	(18.8		)	(48.2		)	—			(84.0		)
Proceeds from disposal of property, plant, and equipment	—			—			0.4			—			0.4
(Disbursements of) repayments from intercompany loans	—			(70.3		)	(189.9		)	260.2			—
Other – net	(0.1		)	1.2			(13.8		)	—			(12.7		)
Net Cash (Used for) Provided by Investing Activities	(17.1		)	(87.9		)	(251.5		)	260.2			(96.3		)
Financing Activities
Short-term borrowings – net	122.0			—			—			—			122.0
Repayments of long-term debt	(200.0		)	—			—			—			(200.0		)
Quarterly dividends paid	(164.9		)	—			—			—			(164.9		)
Purchase of treasury shares	(18.8		)	—			—			—			(18.8		)
Intercompany payable	260.2			—			—			(260.2		)	—
Other – net	0.6			—			—			—			0.6
Net Cash Used for Financing Activities	(0.9		)	—			—			(260.2		)	(261.1		)
Effect of exchange rate changes on cash	—			—			(5.9		)	—			(5.9		)
Net increase in cash and cash equivalents	4.4			—			7.6			—			12.0
Cash and cash equivalents at beginning of period	7.0			—			102.8			—			109.8
Cash and Cash Equivalents at End of Period	$	11.4		$	—		$	110.4		$	—		$	121.8

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	Six Months Ended October 31, 2015
	The J.M. Smucker Company (Parent)			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Cash Provided by Operating Activities	$	104.3		$	73.2		$	405.0		$	—		$	582.5
Investing Activities
Business acquired, net of cash acquired	—			—			7.9			—			7.9
Additions to property, plant, and equipment	(56.3		)	(20.3		)	(40.8		)	—			(117.4		)
Proceeds from disposal of property, plant, and equipment	—			0.1			0.1			—			0.2
(Disbursements of) repayments from intercompany loans	—			(53.3		)	(368.0		)	421.3			—
Other – net	—			0.3			13.0			—			13.3
Net Cash (Used for) Provided by Investing Activities	(56.3		)	(73.2		)	(387.8		)	421.3			(96.0		)
Financing Activities
Short-term borrowings – net	144.0			—			—			—			144.0
Repayments of long-term debt	(450.0		)	—			—			—			(450.0		)
Quarterly dividends paid	(156.5		)	—			—			—			(156.5		)
Purchase of treasury shares	(7.4		)	—			—			—			(7.4		)
Intercompany payable	421.3			—			—			(421.3		)	—
Other – net	0.5			—			—			—			0.5
Net Cash Used for Financing Activities	(48.1		)	—			—			(421.3		)	(469.4		)
Effect of exchange rate changes on cash	—			—			(3.7		)	—			(3.7		)
Net increase in cash and cash equivalents	(0.1		)	—			13.5			—			13.4
Cash and cash equivalents at beginning of period	7.1			—			118.5			—			125.6
Cash and Cash Equivalents at End of Period	$	7.0		$	—		$	132.0		$	—		$	139.0