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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 30, 2022
Apr. 30, 2021
Current Assets    
Cash and cash equivalents $ 169.9 $ 334.3
Trade receivables – net 524.7 533.7
Inventories:    
Finished products 704.4 607.6
Raw materials 384.9 352.3
Total Inventory 1,089.3 959.9
Other current assets 226.2 113.8
Total Current Assets 2,010.1 1,941.7
Property, Plant, and Equipment    
Land and land improvements 120.4 124.3
Buildings and fixtures 959.7 967.0
Machinery and equipment 2,503.3 2,469.7
Construction in progress 527.8 282.3
Gross Property, Plant, and Equipment 4,111.2 3,843.3
Accumulated depreciation (1,979.5) (1,841.8)
Total Property, Plant, and Equipment 2,131.7 2,001.5
Other Noncurrent Assets    
Operating lease right-of-use assets 106.5 142.0
Goodwill 6,015.8 [1] 6,023.6
Other intangible assets – net 5,652.2 6,041.2
Other noncurrent assets 138.7 134.2
Total Other Noncurrent Assets 11,913.2 12,341.0
Total Assets 16,055.0 16,284.2
Current Liabilities    
Accounts payable 1,193.3 1,034.1
Accrued compensation 91.8 139.9
Accrued trade marketing and merchandising 193.8 200.6
Dividends payable 105.3 97.4
Current portion of long-term debt [2] 0.0 1,152.9
Short-term borrowings 180.0 82.0
Current operating lease liabilities 40.1 41.1
Other current liabilities 148.5 119.5
Total Current Liabilities 1,952.8 2,867.5
Noncurrent Liabilities    
Long-term debt, less current portion [2] 4,310.6 3,516.8
Defined benefit pensions 114.9 151.9
Other postretirement benefits 54.2 64.3
Deferred income taxes 1,325.8 1,349.3
Noncurrent operating lease liabilities 76.2 112.8
Other noncurrent liabilities 80.4 96.8
Total Noncurrent Liabilities 5,962.1 5,291.9
Total Liabilities 7,914.9 8,159.4
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 – 106,458,317 at April 30, 2022, and 108,339,057 at April 30, 2021 (net of 40,039,413 and 38,158,673 treasury shares, respectively), at stated value 26.6 27.1
Additional capital 5,457.9 5,527.6
Retained income 2,893.0 2,847.5
Accumulated other comprehensive income (loss) (237.4) (277.4)
Total Shareholders’ Equity 8,140.1 8,124.8
Total Liabilities and Shareholders’ Equity $ 16,055.0 $ 16,284.2
[1] Included in goodwill as of April 30, 2022, are accumulated goodwill impairment charges of $242.9.
[2] Represents the carrying amount included in the Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.