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Statements of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2022
Operating Activities      
Net income (loss) $ 744.0 $ (91.3) $ 631.7
Adjustments to reconcile net income (loss) to net cash provided by (used for) operations:      
Depreciation 239.7 224.1 235.5
Amortization 191.1 206.9 223.6
Realized loss on investment in equity securities - net 21.5 0.0 0.0
Other intangible assets impairment charges 0.0 0.0 150.4
Pension settlement loss (gain) 3.2 7.4 10.8
Share-based compensation expense 23.9 25.6 22.3
Loss (gain) on divestitures – net 12.9 1,018.5 (9.6)
Deferred income tax expense (benefit) (40.5) (190.8) (38.1)
Loss (gain) on disposal of assets – net 7.8 5.1 4.7
Other noncash adjustments – net 31.9 23.9 14.9
Settlement of interest rate contracts 42.5 0.0 0.0
Make-whole payments included in financing activities 0.0 0.0 7.0
Defined benefit pension contributions (4.1) (74.1) (5.3)
Changes in assets and liabilities, net of effect from acquisition and divestitures:      
Trade receivables 41.5 (74.8) 7.5
Inventories 2.9 (134.6) (178.7)
Other current assets (35.5) 86.8 (52.8)
Accounts payable (81.7) 151.6 149.5
Accrued liabilities 99.4 0.4 (33.0)
Income and other taxes (34.9) 9.5 12.8
Other – net (36.2) 0.2 (16.9)
Net Cash Provided by (Used for) Operating Activities 1,229.4 1,194.4 1,136.3
Investing Activities      
Business acquired, net of cash acquired (3,920.6) 0.0 0.0
Proceeds from sale of equity securities 466.3 0.0 0.0
Proceeds from divestitures – net 56.3 686.3 130.0
Additions to property, plant, and equipment (586.5) (477.4) (417.5)
Other – net 19.9 47.3 (68.0)
Net Cash Provided by (Used for) Investing Activities (3,964.6) 256.2 (355.5)
Financing Activities      
Short-term borrowings (repayments) – net 578.2 (185.9) 97.6
Proceeds from long-term debt 4,285.0 0.0 797.6
Repayments of long-term debt, including make-whole payments (1,791.0) 0.0 (1,157.0)
Capitalized debt issuance costs (32.1) 0.0 (10.4)
Quarterly dividends paid (437.5) (430.2) (418.1)
Purchase of treasury shares (372.8) (367.5) (270.4)
Proceeds from stock option exercises 3.2 21.6 16.3
Payment of assumed tax receivable agreement obligation (86.4) 0.0 0.0
Other – net (5.0) (2.6) (0.1)
Net Cash Provided by (Used for) Financing Activities 2,141.6 (964.6) (944.5)
Effect of exchange rate changes on cash (0.2) (0.1) (0.7)
Net increase (decrease) in cash and cash equivalents (593.8) 485.9 (164.4)
Cash and cash equivalents at beginning of year 655.8 169.9 334.3
Cash and Cash Equivalents at End of Year $ 62.0 $ 655.8 $ 169.9