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Statements of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2015
Operating Activities      
Net income $ 592.3 $ 688.7 $ 344.9
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation 211.7 221.7 157.5
Amortization 207.3 208.4 109.7
Impairment charges 133.2 0.0 1.2
Share-based compensation expense 22.0 34.6 23.5
Gain on divestiture 0.0 (25.3) 0.0
Deferred income tax (benefit) expense (79.4) (95.2) 7.7
Other noncash adjustments 4.8 3.4 (6.0)
Make-whole payments included in financing activities 0.0 0.0 163.3
Defined benefit pension contributions (28.7) (8.6) (15.7)
Changes in assets and liabilities, net of effect from businesses acquired:      
Trade receivables 8.9 (21.9) 21.8
Inventories (10.4) 240.1 25.3
Other current assets 8.9 14.6 74.1
Accounts payable 2.1 46.1 (25.4)
Accrued liabilities (39.8) 2.4 (140.3)
Proceeds from settlement of interest rate swaps – net 0.0 0.0 53.5
Income and other taxes 7.9 146.9 (35.7)
Other – net 18.2 5.1 (20.3)
Net Cash Provided by Operating Activities 1,059.0 1,461.0 739.1
Investing Activities      
Businesses acquired, net of cash acquired 0.0 7.9 (1,320.5)
Equity investment in affiliate 0.0 (16.0) 0.0
Additions to property, plant, and equipment (192.4) (201.4) (247.7)
Proceeds from divestiture 0.0 193.7 0.0
Proceeds from sale of investment 40.6 0.0 0.0
Proceeds from disposal of property, plant, and equipment 0.5 4.0 2.6
Other – net (38.4) 33.5 (30.1)
Net Cash (Used for) Provided by Investing Activities (189.7) 21.7 (1,595.7)
Financing Activities      
Short-term borrowings (repayments) – net 170.0 58.0 (22.4)
Proceeds from long-term debt 0.0 0.0 5,382.5
Repayments of long-term debt, including make-whole payments (200.0) (800.0) (4,193.9)
Quarterly dividends paid (339.3) (316.6) (254.0)
Purchase of treasury shares (437.6) (441.1) (24.3)
Other – net 0.8 0.8 (30.6)
Net Cash (Used for) Provided by Financing Activities (806.1) (1,498.9) 857.3
Effect of exchange rate changes on cash (6.2) 0.4 (28.6)
Net increase (decrease) in cash and cash equivalents 57.0 (15.8) (27.9)
Cash and cash equivalents at beginning of year 109.8 125.6 153.5
Cash and Cash Equivalents at End of Year $ 166.8 $ 109.8 $ 125.6