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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 30, 2017
Apr. 30, 2016
Current Assets    
Cash and cash equivalents $ 166.8 $ 109.8
Trade receivables, less allowance for doubtful accounts 438.7 450.1
Inventories:    
Finished products 562.4 560.0
Raw materials 343.3 339.4
Total Inventory 905.7 899.4
Other current assets 130.6 114.1
Total Current Assets 1,641.8 1,573.4
Property, Plant, and Equipment    
Land and land improvements 115.6 114.6
Buildings and fixtures 766.2 727.7
Machinery and equipment 1,983.0 1,870.7
Construction in progress 116.9 91.3
Gross Property, Plant, and Equipment 2,981.7 2,804.3
Accumulated depreciation (1,364.2) (1,176.6)
Total Property, Plant, and Equipment 1,617.5 1,627.7
Other Noncurrent Assets    
Goodwill 6,077.1 6,091.1
Other intangible assets – net 6,149.9 6,494.4
Other noncurrent assets 153.4 197.5
Total Other Noncurrent Assets 12,380.4 12,783.0
Total Assets 15,639.7 15,984.1
Current Liabilities    
Accounts payable 477.2 459.4
Accrued compensation 88.2 139.6
Accrued trade marketing and merchandising 106.0 112.3
Dividends payable 85.1 77.9
Current portion of long-term debt [1] 499.0 0.0
Short-term borrowings 454.0 284.0
Other current liabilities 123.1 139.8
Total Current Liabilities 1,832.6 1,213.0
Noncurrent Liabilities    
Long-term debt, less current portion [1] 4,445.5 5,146.0
Defined benefit pensions 189.8 222.3
Other postretirement benefits 66.6 75.9
Deferred income taxes 2,167.0 2,230.3
Other noncurrent liabilities 88.0 88.1
Total Noncurrent Liabilities 6,956.9 7,762.6
Total Liabilities 8,789.5 8,975.6
Shareholders’ Equity    
Serial preferred shares – no par value: Authorized – 6,000,000 shares; outstanding – none 0.0 0.0
Common shares – no par value: Authorized – 300,000,000 shares; outstanding – 113,439,553 at April 30, 2017, and 116,306,894 at April 30, 2016 (net of 33,058,177 and 30,190,836 treasury shares, respectively), at stated value 28.4 29.1
Additional capital 5,724.7 5,860.1
Retained income 1,240.5 1,267.7
Accumulated other comprehensive loss (143.4) (148.4)
Total Shareholders’ Equity 6,850.2 7,008.5
Total Liabilities and Shareholders’ Equity $ 15,639.7 $ 15,984.1
[1] Represents the carrying amount included in the Consolidated Balance Sheets, which includes the impact of terminated interest rate swaps, offering discounts, and capitalized debt issuance costs.