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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Operating Activities    
Net income $ 729.3 $ 553.2
Adjustments to reconcile net income to net cash provided by (used for) operations:    
Depreciation 161.7 156.7
Amortization 176.1 176.4
Other intangible assets impairment charge 0.0 52.4
Pension settlement loss (gain) 30.8 0.0
Share-based compensation expense 20.9 19.8
Gain on divestitures - net (27.2) 0.0
Other noncash adjustments – net 11.6 15.9
Changes in assets and liabilities, net of effect from divestitures:    
Trade receivables (50.4) 26.7
Inventories (50.9) (48.0)
Other current assets 0.9 7.0
Accounts payable 142.7 12.3
Accrued liabilities 88.7 44.6
Income and other taxes 20.1 (40.9)
Other – net 19.7 (9.0)
Net Cash Provided by (Used for) Operating Activities 1,274.0 967.1
Investing Activities    
Additions to property, plant, and equipment (198.7) (192.9)
Proceeds from divestitures - net 569.3 0.0
Other – net 48.5 15.3
Net Cash Provided by (Used for) Investing Activities 419.1 (177.6)
Financing Activities    
Short-term borrowings (repayments) – net (82.4) (122.6)
Repayments of long-term debt (700.0) (400.0)
Quarterly dividends paid (304.8) (296.7)
Purchase of treasury shares (504.1) (4.3)
Proceeds from stock option exercises 0.7 7.0
Other – net 0.0 0.5
Net Cash Provided by (Used for) Financing Activities (1,590.6) (816.1)
Effect of exchange rate changes on cash 7.9 (0.3)
Net increase (decrease) in cash and cash equivalents 110.4 (26.9)
Cash and cash equivalents at beginning of period 391.1 101.3
Cash and Cash Equivalents at End of Period $ 501.5 $ 74.4