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Leases (Tables)
 12 Months Ended
Apr. 30, 2023
Leases [Abstract]  
Right-of-use assets and lease liabilities recognized in the Consolidated Balance Sheet
The following table sets forth the right-of-use assets and lease liabilities recognized in the Consolidated Balance Sheets.
Year Ended April 30,
20232022
Operating lease right-of-use assets$103.0 $106.5 
Operating lease liabilities:
Current operating lease liabilities$33.2 $40.1 
Noncurrent operating lease liabilities
77.2 76.2 
Total operating lease liabilities$110.4 $116.3 
Finance lease right-of-use assets:
Machinery and equipment
$7.7 $8.1 
Accumulated depreciation
(4.4)(4.3)
Total property, plant, and equipment$3.3 $3.8 
Finance lease liabilities:
Other current liabilities
$1.2 $1.4 
Other noncurrent liabilities
2.2 2.5 
Total finance lease liabilities$3.4 $3.9 
Components of lease expense
The following table summarizes the components of lease expense.
Year Ended April 30,
202320222021
Operating lease cost$42.2 $43.8 $45.4 
Finance lease cost:
Amortization of right-of-use assets 1.6 2.0 2.4 
Interest on lease liabilities
0.1 0.1 0.1 
Variable lease cost24.9 21.6 23.2 
Short-term lease cost44.5 43.5 37.6 
Total lease cost (A)
$113.3 $111.0 $108.7 
(A)Total lease cost does not include sublease income which is immaterial for all years presented.
Cash flow and noncash information related to leases The following table sets forth cash flow and noncash information related to leases.
Year Ended April 30,
202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$44.3 $45.6 $45.7 
Operating cash flows from finance leases 0.1 0.1 0.2 
Financing cash flows from finance leases
1.7 2.1 2.6 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases37.9 7.2 34.8 
Finance leases
1.5 1.8 1.1 
Maturity of operating lease liabilities by fiscal year The following table summarizes the maturity of our lease liabilities by fiscal year.
April 30, 2023
Operating LeasesFinance Leases
2024$35.9 $1.3 
202527.2 1.0 
202623.8 0.7 
20279.5 0.4 
20284.6 0.1 
2029 and beyond19.9 — 
Total undiscounted minimum lease payments $120.9 $3.5 
Less: Imputed interest10.5 0.1 
Lease liabilities $110.4 $3.4 
Maturity of finance lease liabilities by fiscal year The following table summarizes the maturity of our lease liabilities by fiscal year.
April 30, 2023
Operating LeasesFinance Leases
2024$35.9 $1.3 
202527.2 1.0 
202623.8 0.7 
20279.5 0.4 
20284.6 0.1 
2029 and beyond19.9 — 
Total undiscounted minimum lease payments $120.9 $3.5 
Less: Imputed interest10.5 0.1 
Lease liabilities $110.4 $3.4 
Weighted average remaining lease tern and discount rate The following table sets forth the weighted average remaining lease term and discount rate.
Year Ended April 30,
20232022
Weighted average remaining lease term (in years):
Operating leases
4.83.6
Finance leases 3.13.3
Weighted average discount rate:
Operating leases3.3 %2.5 %
Finance leases
2.4 %2.1 %