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Leases (Tables)
6 Months Ended
Oct. 31, 2021
Leases [Abstract]  
Right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheet The following table sets forth the right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheets.
October 31, 2021April 30, 2021
Operating lease right-of-use assets$123.8 $142.0 
Operating lease liabilities:
Current operating lease liabilities$40.9 $41.1 
Noncurrent operating lease liabilities
94.1 112.8 
Total operating lease liabilities$135.0 $153.9 
Finance lease right-of-use assets:
Machinery and equipment
$9.9 $9.8 
Accumulated depreciation
(5.8)(5.5)
Total property, plant, and equipment$4.1 $4.3 
Finance lease liabilities:
Other current liabilities
$1.5 $1.8 
Other noncurrent liabilities
2.6 2.5 
Total finance lease liabilities$4.1 $4.3 
Components of lease expense
The following table summarizes the components of lease expense.
Three Months Ended October 31,Six Months Ended October 31,
2021202020212020
Operating lease cost$10.6 $11.1 $21.4 $22.4 
Finance lease cost:
Amortization of right-of-use assets 0.6 0.6 1.1 1.2 
Interest on lease liabilities
0.1 — 0.1 0.1 
Variable lease cost5.7 5.5 11.0 11.1 
Short-term lease cost9.3 10.3 20.1 19.3 
Sublease income(0.3)(1.0)(0.6)(2.5)
Net lease cost$26.0 $26.5 $53.1 $51.6 
Cash flow and noncash information related to leases The following table sets forth cash flow and noncash information related to leases.
Six Months Ended October 31,
20212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$22.0 $20.2 
Operating cash flows from finance leases 0.1 0.1 
Financing cash flows from finance leases
1.3 1.4 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases2.1 — 
Finance leases
1.2 0.5 
Maturity of operating lease liabilities by fiscal year The following table summarizes the maturity of our lease liabilities by fiscal year.
October 31, 2021
Operating LeasesFinance Leases
2022 (remainder of the year)$22.4 $0.8 
202341.4 1.3 
202429.8 1.1 
202521.4 0.7 
202618.7 0.3 
2027 and beyond 7.8 0.1 
Total undiscounted minimum lease payments $141.5 $4.3 
Less: Imputed interest6.5 0.2 
Lease liabilities $135.0 $4.1 
Maturity of finance lease liabilities by fiscal year The following table summarizes the maturity of our lease liabilities by fiscal year.
October 31, 2021
Operating LeasesFinance Leases
2022 (remainder of the year)$22.4 $0.8 
202341.4 1.3 
202429.8 1.1 
202521.4 0.7 
202618.7 0.3 
2027 and beyond 7.8 0.1 
Total undiscounted minimum lease payments $141.5 $4.3 
Less: Imputed interest6.5 0.2 
Lease liabilities $135.0 $4.1 
Weighted average remaining lease tern and discount rate
The following table sets forth the weighted average remaining lease term and discount rate.
October 31, 2021April 30, 2021
Weighted average remaining lease term (in years):
Operating leases
4.04.4
Finance leases 3.23.1
Weighted average discount rate:
Operating leases2.5 %2.5 %
Finance leases
2.2 %2.6 %