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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 30, 2024
Apr. 30, 2023
Current Assets    
Cash and cash equivalents $ 62.0 $ 655.8
Trade receivables – net 736.5 597.6
Inventories:    
Finished products 639.4 657.6
Raw materials 399.5 352.2
Total Inventory 1,038.9 1,009.8
Investment in equity securities 0.0 487.8
Other current assets 129.5 107.7
Total Current Assets 1,966.9 2,858.7
Property, Plant, and Equipment    
Land and land improvements 152.4 131.0
Buildings and fixtures 1,174.9 956.1
Machinery and equipment 2,933.7 2,443.5
Construction in progress 911.7 629.4
Gross Property, Plant, and Equipment 5,172.7 4,160.0
Accumulated depreciation (2,100.0) (1,920.5)
Total Property, Plant, and Equipment 3,072.7 2,239.5
Other Noncurrent Assets    
Operating lease right-of-use assets 174.6 103.0
Goodwill 7,649.9 [1] 5,216.9
Other intangible assets – net 7,255.4 4,429.3
Other noncurrent assets 154.2 144.0
Total Other Noncurrent Assets 15,234.1 9,893.2
Total Assets 20,273.7 14,991.4 Close
Current Liabilities    
Accounts payable 1,336.2 1,392.6
Accrued compensation 151.5 112.9
Accrued trade marketing and merchandising 214.3 187.7
Dividends payable 112.8 106.3
Current portion of long-term debt [2] 999.3 0.0
Short-term borrowings 591.0 0.0
Current operating lease liabilities 40.5 33.2
Other current liabilities 315.5 154.0
Total Current Liabilities 3,761.1 1,986.7
Noncurrent Liabilities    
Long-term debt, less current portion [2] 6,773.7 4,314.2
Defined benefit pensions 54.1 62.1
Other postretirement benefits 44.3 49.1
Deferred income taxes 1,737.4 1,138.9
Noncurrent operating lease liabilities 143.5 77.2
Other noncurrent liabilities 65.7 72.4
Total Noncurrent Liabilities 8,818.7 5,713.9
Total Liabilities 12,579.8 7,700.6 Close
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 – 106,194,281 at April 30, 2024, and 104,398,618 at April 30, 2023 (net of 44,293,364 and 42,099,112 treasury shares, respectively), at stated value 26.5 26.1
Additional capital 5,713.9 5,371.8
Retained income 2,188.1 2,132.1
Accumulated other comprehensive income (loss) (234.6) (239.2)
Total Shareholders’ Equity 7,693.9 7,290.8 Close
Total Liabilities and Shareholders’ Equity $ 20,273.7 $ 14,991.4
[1] Included in goodwill as of April 30, 2024, 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.