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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 30, 2023
Apr. 30, 2022
Current Assets    
Cash and cash equivalents $ 655.8 $ 169.9
Trade receivables – net 597.6 524.7
Inventories:    
Finished products 657.6 704.4
Raw materials 352.2 384.9
Total Inventory 1,009.8 1,089.3
Investment in equity securities 487.8 0.0
Other current assets 107.7 226.2
Total Current Assets 2,858.7 2,010.1
Property, Plant, and Equipment    
Land and land improvements 131.0 120.4
Buildings and fixtures 956.1 959.7
Machinery and equipment 2,443.5 2,503.3
Construction in progress 629.4 527.8
Gross Property, Plant, and Equipment 4,160.0 4,111.2
Accumulated depreciation (1,920.5) (1,979.5)
Total Property, Plant, and Equipment 2,239.5 2,131.7
Other Noncurrent Assets    
Operating lease right-of-use assets 103.0 106.5
Goodwill 5,216.9 [1] 6,015.8
Other intangible assets – net 4,429.3 5,652.2
Other noncurrent assets 144.0 138.7
Total Other Noncurrent Assets 9,893.2 11,913.2
Total Assets 14,991.4 16,055.0
Current Liabilities    
Accounts payable 1,392.6 1,193.3
Accrued compensation 112.9 91.8
Accrued trade marketing and merchandising 187.7 193.8
Dividends payable 106.3 105.3
Short-term borrowings 0.0 180.0
Current operating lease liabilities 33.2 40.1
Other current liabilities 154.0 148.5
Total Current Liabilities 1,986.7 1,952.8
Noncurrent Liabilities    
Long-term debt [2] 4,314.2 4,310.6
Defined benefit pensions 62.1 114.9
Other postretirement benefits 49.1 54.2
Deferred income taxes 1,138.9 1,325.8
Noncurrent operating lease liabilities 77.2 76.2
Other noncurrent liabilities 72.4 80.4
Total Noncurrent Liabilities 5,713.9 5,962.1
Total Liabilities 7,700.6 7,914.9
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 – 104,398,618 at April 30, 2023, and 106,458,317 at April 30, 2022 (net of 42,099,112 and 40,039,413 treasury shares, respectively), at stated value 26.1 26.6
Additional capital 5,371.8 5,457.9
Retained income 2,132.1 2,893.0
Accumulated other comprehensive income (loss) (239.2) (237.4)
Total Shareholders’ Equity 7,290.8 8,140.1
Total Liabilities and Shareholders’ Equity $ 14,991.4 $ 16,055.0
[1] Included in goodwill as of April 30, 2023, 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.