The J. M. Smucker Company (SJM) 10-Q 23 Feb 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2018	Feb. 16, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	J M SMUCKER Co
Entity Central Index Key	91,419
Document Type	10-Q
Document Period End Date	Jan. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--04-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		113,599,142

Condensed Statements of Consoli

Condensed Statements of Consolidated Income (Unaudited) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Income Statement [Abstract]
Net sales		$ 1,903.3	$ 1,878.8	$ 5,575.8	$ 5,608.5
Cost of products sold		1,174.8	1,155.9	3,430.2	3,420
Gross Profit		728.5	722.9	2,145.6	2,188.5
Selling, distribution, and administrative expenses		331.9	337.2	1,043	1,056.3
Amortization		51.6	51.7	154.7	155.2
Impairment charges		176.9	75.7	176.9	75.7
Other special project costs	[1],[2]	5.6	18	42.4	66.8
Other operating expense (income) – net		(0.2)	2.6	1.4	(0.3)
Operating Income		162.7	237.7	727.2	834.8
Interest expense – net		(43.1)	(40.3)	(126.7)	(122.8)
Other income (expense) – net		(3.6)	0.2	(3.7)	4.5
Income Before Income Taxes		116	197.6	596.8	716.5
Income tax expense (benefit)		(715.3)	63	(555.9)	234.6
Net Income		$ 831.3	$ 134.6	$ 1,152.7	$ 481.9
Earnings per common share:
Net Income (in dollars per share)		$ 7.32	$ 1.16	$ 10.15	$ 4.14
Net Income - Assuming Dilution (in dollars per share)		7.32	1.16	10.15	4.14
Dividends Declared per Common Share (in dollars per share)		$ 0.78	$ 0.75	$ 2.34	$ 2.25
[1]	Other special project costs includes integration and restructuring costs. For more information, see Note 4: Integration and Restructuring Costs.
[2]	Special project costs includes integration and restructuring costs. For more information, see Note 4: Integration and Restructuring Costs.

Condensed Statements of Consol3

Condensed Statements of Consolidated Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 831.3	$ 134.6	$ 1,152.7	$ 481.9
Other comprehensive income (loss):
Foreign currency translation adjustments	21.9	9	43.8	(17.2)
Cash flow hedging derivative activity, net of tax	(0.5)	0.1	1.9	0.3
Pension and other postretirement benefit plans activity, net of tax	1.1	1.3	6.8	19.3
Available-for-sale securities activity, net of tax	0.1	(0.7)	(0.2)	(0.4)
Total Other Comprehensive Income (Loss)	22.6	9.7	52.3	2
Comprehensive Income	$ 853.9	$ 144.3	$ 1,205	$ 483.9

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions		Jan. 31, 2018	Apr. 30, 2017
Current Assets
Cash and cash equivalents		$ 186.2	$ 166.8
Trade receivables, less allowance for doubtful accounts		422.7	438.7
Inventories:
Finished products		584.6	562.4
Raw materials		324.5	343.3
Total Inventory		909.1	905.7
Other current assets		91.9	130.6
Total Current Assets		1,609.9	1,641.8
Property, Plant, and Equipment
Land and land improvements		119.9	115.6
Buildings and fixtures		807.5	766.2
Machinery and equipment		2,049.2	1,983
Construction in progress		153.2	116.9
Gross Property, Plant, and Equipment		3,129.8	2,981.7
Accumulated depreciation		(1,496.1)	(1,364.2)
Total Property, Plant, and Equipment		1,633.7	1,617.5
Other Noncurrent Assets
Goodwill		5,949.4	6,077.1
Other intangible assets – net		5,970.8	6,149.9
Other noncurrent assets		165.4	153.4
Total Other Noncurrent Assets		12,085.6	12,380.4
Total Assets		15,329.2	15,639.7
Current Liabilities
Accounts payable		471.2	477.2
Accrued trade marketing and merchandising		117.3	106
Current portion of long-term debt	[1]	0	499
Short-term borrowings		254	454
Other current liabilities		247.4	296.4
Total Current Liabilities		1,089.9	1,832.6
Noncurrent Liabilities
Long-term debt, less current portion	[1]	4,688.5	4,445.5
Deferred income taxes		1,380.6	2,167
Other noncurrent liabilities		366	344.4
Total Noncurrent Liabilities		6,435.1	6,956.9
Total Liabilities		7,525	8,789.5
Shareholders’ Equity
Common shares		28.9	28.4
Additional capital		5,739.7	5,724.7
Retained income		2,126.7	1,240.5
Accumulated other comprehensive income (loss)		(91.1)	(143.4)
Total Shareholders’ Equity		7,804.2	6,850.2
Total Liabilities and Shareholders’ Equity		$ 15,329.2	$ 15,639.7
[1]	Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of terminated interest rate contracts, offering discounts, and capitalized debt issuance costs.

Condensed Statements of Consol5

Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Operating Activities
Net income	$ 1,152.7	$ 481.9
Adjustments to reconcile net income to net cash provided by (used for) operations:
Depreciation	157.2	159.6
Amortization	154.7	155.2
Impairment charges	176.9	75.7
Share-based compensation expense	16.8	22
Remeasurement of U.S. deferred tax assets and liabilities	(791.9)	0
Loss on disposal of assets - net	5.3	3.9
Other noncash adjustments	4	0.4
Defined benefit pension contributions	(32.4)	(6.5)
Changes in assets and liabilities, net of effect from businesses acquired:
Trade receivables	18.6	27
Inventories	1.6	(98.6)
Other current assets	19.4	26.9
Accounts payable	15.9	(3.4)
Accrued liabilities	11.7	(13.5)
Income and other taxes	(33.9)	(57.1)
Other – net	27	21.3
Net Cash Provided by (Used for) Operating Activities	903.6	794.8
Investing Activities
Additions to property, plant, and equipment	(210.3)	(136.6)
Proceeds from disposal of property, plant, and equipment	8.9	0.4
Other – net	29.6	(11.9)
Net Cash Provided by (Used for) Investing Activities	(171.8)	(148.1)
Financing Activities
Short-term borrowings (repayments) – net	(200)	(142)
Proceeds from long-term debt	799.6	0
Repayments of long-term debt	(1,050.3)	(200)
Quarterly dividends paid	(261.4)	(252.1)
Purchase of treasury shares	(6.9)	(19)
Other – net	(6.2)	0.7
Net Cash Provided by (Used for) Financing Activities	(725.2)	(612.4)
Effect of exchange rate changes on cash	12.8	(4.5)
Net increase (decrease) in cash and cash equivalents	19.4	29.8
Cash and cash equivalents at beginning of period	166.8	109.8
Cash and Cash Equivalents at End of Period	$ 186.2	$ 139.6

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jan. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited interim condensed consolidated financial statements of The J. M. Smucker Company (“Company,” “we,” “us,” or “our”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments of a normal recurring nature considered necessary for a fair presentation have been included. Operating results for the nine months ended January 31, 2018 , are not necessarily indicative of the results that may be expected for the year ending April 30, 2018. For further information, reference is made to the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended April 30, 2017 .

Recently Issued Accounting Stan

Recently Issued Accounting Standards	9 Months Ended
	Jan. 31, 2018
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which will allow a reclassification from accumulated other comprehensive income to retained earnings for the tax effects resulting from “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018” (the “Act”) that are stranded in accumulated other comprehensive income. This standard also requires certain disclosures about stranded tax effects. This ASU, however, does not change the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations. ASU 2018-02 will be effective for us on May 1, 2019, with the option to early adopt at any time prior to the effective date. It must be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Act is recognized. We do not anticipate that the adoption of this ASU will have a material impact on our consolidated financial statements and disclosures. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815) Targeted Improvements to Accounting for Hedging Activities , which simplifies the application of hedge accounting and enables companies to better portray the economics of their risk management activities in their financial statements . ASU 2017-12 is effective for us on May 1, 2019, but we have elected to early adopt during the second quarter of 2018, as permitted. Early adoption of this ASU had an overall immaterial impact on our condensed consolidated financial statements and disclosures. For additional information, see Note 10: Derivative Financial Instruments. In March 2017, the FASB issued ASU 2017-07, Compensation – Retirement Benefits (Topic 715) Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost , which requires the service cost component of the net periodic pension cost to be presented separately from the other components of the net periodic pension cost in the income statement. Additionally, only the service cost component of the net periodic pension cost is eligible for capitalization. ASU 2017-07 will be effective for us on May 1, 2019, with the option to early adopt at any time prior to the effective date. The change in presentation of service cost must be applied retrospectively, while the capitalization of service cost must be applied on a prospective basis. We do not anticipate that the adoption of this ASU will have a material impact on our consolidated financial statements and disclosures. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment , which eliminates Step 2 from the goodwill impairment test and requires an impairment charge to be recorded based on the excess of a reporting unit's carrying value over its fair value. ASU 2017-04 is effective for us on May 1, 2020, but we have elected to early adopt on a prospective basis during the third quarter of 2018, as permitted. For additional information, see Note 7: Goodwill and Other Intangible Assets. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740) Intra-Entity Transfers of Assets Other Than Inventory, which requires the recognition of the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs rather than deferring such recognition until the asset is sold to an outside party. ASU 2016-16 is effective for us on May 1, 2018, and it will require adoption on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. We do not anticipate that the adoption of this ASU will have a material impact on our consolidated financial statements and disclosures. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments, which will make changes to how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 will be effective for us on May 1, 2018, and it will require adoption on a retrospective basis. We do not anticipate that the adoption of this ASU will have a material impact on the presentation of our consolidated financial statements and disclosures. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) , which will require lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. ASU 2016-02 will be effective for us on May 1, 2019, with the option to early adopt at any time prior to the effective date. It will require a modified retrospective application for leases existing at, or entered into after, the beginning of the earliest comparative period presented and will exclude any leases that expired before the date of initial application. We are currently compiling an inventory of our lease arrangements in order to determine the impact the new guidance will have on our consolidated financial statements and disclosures. We are also in the process of evaluating lease accounting software as we prepare for the standard's additional reporting requirements. Based on our assessment to date, we expect the adoption of ASU 2016-02 will result in a significant increase in lease-related assets and liabilities recognized in our Consolidated Balance Sheets, but we are unable to quantify the impact at this time. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . The core principle of the new guidance is that an entity must recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. It requires additional disclosures to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows relating to customer contracts. ASU 2014-09 requires either full retrospective application to each prior reporting period presented or modified retrospective application with the cumulative effect of initially applying the standard recognized at the date of adoption. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) Deferral of the Effective Date, which extends the standard's effective date by one year . As a result of this issuance, the standard will be effective for us on May 1, 2018. Our plan to implement the standard is on track. With the involvement of a cross-functional team, we performed a detailed review of the new guidance as compared to our current policies to identify any potential accounting differences. We then reviewed contracts from each of our significant revenue streams to determine the validity of our initial conclusions. We have not identified any accounting changes that would materially impact our consolidated financial statements, and therefore we intend to utilize the modified retrospective transition method.

Acquisition

Acquisition	9 Months Ended
	Jan. 31, 2018
Business Combinations [Abstract]
Acquisition	Acquisition On May 30, 2017, we announced a definitive agreement to acquire the Wesson ® oil brand from Conagra Brands, Inc. (“Conagra”). The all-cash transaction, which is expected to be funded primarily with debt, is valued at approximately $ 285.0 , subject to a post-closing working capital adjustment. We anticipate the addition of the Wesson brand will add annual net sales of approximately $ 230.0 . The transaction is subject to certain customary closing conditions, including the termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”). On August 28, 2017, both parties received a request for additional information under the HSR Act (a “second request”) from the U.S. Federal Trade Commission (“FTC”) in connection with the FTC's review of the transaction. Issuance of the second request extends the waiting period under the HSR Act until 30 days after both parties have substantially complied with the request, or as the parties otherwise agree, unless the waiting period is terminated earlier by the FTC. The agreement to acquire the Wesson brand provides that, unless otherwise agreed upon by both parties, if the closing of the transaction has not occurred on or prior to March 31, 2018, because HSR approval has not been received as of such date, then either party may terminate the agreement. Following the close of the transaction, Conagra will continue to manufacture products sold under the Wesson brand and provide certain other transition services. We expect to consolidate Wesson production into our existing oils manufacturing facility in Cincinnati, Ohio, within one year.

Integration and Restructuring C

Integration and Restructuring Costs	9 Months Ended
	Jan. 31, 2018
Restructuring and Related Activities [Abstract]
Integration and Restructuring Costs	Integration and Restructuring Costs Integration and restructuring costs primarily consist of employee-related costs, outside service and consulting costs, and other costs related to certain acquisition or restructuring activities. Employee-related costs include severance, retention bonuses, and relocation costs. Severance costs and retention bonuses are recognized over the estimated future service period of the affected employees, and relocation costs are expensed as incurred. Other costs include professional fees, information systems costs, and other miscellaneous expenditures associated with the integration or restructuring activities, which are expensed as incurred. These one-time costs are not allocated to segment profit, and the majority of these costs are reported in other special project costs in the Condensed Statements of Consolidated Income. The obligation related to employee separation costs is included in other current liabilities in the Condensed Consolidated Balance Sheets. Integration Costs: Total one-time costs related to the acquisition of Big Heart Pet Brands (“Big Heart”) are anticipated to be approximately $290.0 , and will be incurred through 2018. Of the total anticipated one-time costs, we expect to incur $100.0 , $120.0 , and $70.0 in employee-related costs, outside service and consulting costs, and other costs, respectively. The following table summarizes our one-time costs incurred related to the Big Heart acquisition. Three Months Ended January 31, Nine Months Ended January 31, Total Costs Incurred to Date at January 31, 2018 2018 2017 2018 2017 Employee-related costs $ 2.0 $ 4.7 $ 8.2 $ 17.9 $ 90.3 Outside service and consulting costs 1.6 8.1 9.1 26.5 115.1 Other costs 1.2 0.8 6.4 12.0 63.6 Total one-time costs $ 4.8 $ 13.6 $ 23.7 $ 56.4 $ 269.0 Noncash charges of $0.3 and $2.8 were included in the one-time costs incurred during the three and nine months ended January 31, 2018 , respectively, and $1.6 and $8.6 during the three and nine months ended January 31, 2017 , respectively. Noncash charges included in total one-time costs incurred to date were $30.6 , which primarily consisted of share-based compensation and accelerated depreciation. The obligation related to severance costs and retention bonuses was $0.4 and $5.3 at January 31, 2018 and April 30, 2017, respectively. Restructuring Costs: An organization optimization program was approved by the Board of Directors during the fourth quarter of 2016. Under this program, we identified opportunities to reduce costs and optimize the organization, which we expect to achieve by the end of 2018. Related projects include an organizational redesign and the optimization of our manufacturing footprint. During 2017, we exited two leased facilities in Livermore, California, and consolidated all ancient grains and pasta production into our facility in Chico, California. We consolidated all of our coffee produced at our Harahan, Louisiana, facility into one of our facilities in New Orleans, Louisiana, which was completed during the third quarter of 2018. The organization optimization program is nearly complete and has resulted in total headcount reductions of approximately 275 full-time positions. Upon completion of this program in 2018, total restructuring costs are expected to be approximately $45.0 , of which the majority represents employee-related costs, while the remainder primarily consists of site preparation, equipment relocation, and production start-up costs at the impacted facilities. The following table summarizes our one-time costs incurred related to the organization optimization program. Three Months Ended January 31, Nine Months Ended January 31, Total Costs Incurred to Date at January 31, 2018 2018 2017 2018 2017 Employee-related costs $ (0.5 ) $ 3.4 $ 11.1 $ 10.7 $ 24.8 Outside service and consulting costs 0.1 — 0.3 1.7 2.1 Other costs 3.5 1.5 11.2 2.8 15.6 Total one-time costs $ 3.1 $ 4.9 $ 22.6 $ 15.2 $ 42.5 Noncash charges of $2.9 and $ 9.8 were included in the one-time costs incurred during the three and nine months ended January 31, 2018 , respectively, and $0.5 and $1.5 during the three and nine months ended January 31, 2017 , respectively. Noncash charges included in total one-time costs incurred to date were $11.9 , and primarily consisted of accelerated depreciation. The obligation related to severance costs and retention bonuses was $1.1 and $ 3.3 at January 31, 2018 and April 30, 2017, respectively.

Reportable Segments

Reportable Segments	9 Months Ended
	Jan. 31, 2018
Segment Reporting [Abstract]
Reportable Segments	Reportable Segments We operate in one industry: the manufacturing and marketing of food and beverage products. We have four reportable segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. During the second quarter of 2018, we added the International and Away From Home reportable segment, as a single segment manager was named to oversee the entire operating segment. Prior year segment results have not been modified, as the new reportable segment represents the previously reported combination of the International and Away From Home strategic business areas, which were previously managed separately and not individually significant. The U.S. Retail Coffee segment primarily includes the domestic sales of Folgers ® , Dunkin’ Donuts ® , and Café Bustelo ® branded coffee; the U.S. Retail Consumer Foods segment primarily includes the domestic sales of Jif ® , Smucker’s ® , Crisco ® , and Pillsbury ® branded products; and the U.S. Retail Pet Foods segment primarily includes the domestic sales of Meow Mix ® , Milk-Bone ® , Natural Balance ® , Kibbles ’n Bits ® , 9Lives ® , Pup-Peroni ® , and Nature’s Recipe ® branded products. The International and Away From Home segment is comprised of products distributed domestically and in foreign countries through retail channels and foodservice distributors and operators (e.g., restaurants, lodging, schools and universities, health care operators). Segment profit represents net sales, less direct and allocable operating expenses, and is consistent with the way in which we manage our segments. However, we do not represent that the segments, if operated independently, would report operating profit equal to the segment profit set forth below as segment profit excludes certain expenses such as corporate administrative expenses, amortization expense and impairment charges related to intangible assets, integration and restructuring costs, as well as unallocated gains and losses on commodity and foreign currency exchange derivative activities. Commodity and foreign currency exchange derivative gains and losses are reported in unallocated derivative gains and losses outside of segment operating results until the related inventory is sold. At that time, we reclassify the hedge gains and losses from unallocated derivative gains and losses to segment profit, allowing our segments to realize the economic effect of the hedge without experiencing any mark-to-market volatility. We would expect that any gain or loss in the estimated fair value of the derivatives would generally be offset by a change in the estimated fair value of the underlying exposures. Three Months Ended January 31, Nine Months Ended January 31, 2018 2017 2018 2017 Net sales: U.S. Retail Coffee $ 550.5 $ 537.6 $ 1,584.0 $ 1,602.7 U.S. Retail Consumer Foods 511.6 517.3 1,535.5 1,611.6 U.S. Retail Pet Foods 561.9 550.9 1,635.7 1,601.4 International and Away From Home 279.3 273.0 820.6 792.8 Total net sales $ 1,903.3 $ 1,878.8 $ 5,575.8 $ 5,608.5 Segment profit: U.S. Retail Coffee $ 182.1 $ 172.2 $ 458.5 $ 532.5 U.S. Retail Consumer Foods 121.3 119.2 363.1 349.5 U.S. Retail Pet Foods 118.0 126.3 339.2 363.0 International and Away From Home 52.6 45.5 144.6 136.7 Total segment profit $ 474.0 $ 463.2 $ 1,305.4 $ 1,381.7 Amortization (51.6 ) (51.7 ) (154.7 ) (155.2 ) Impairment charges (176.9 ) (75.7 ) (176.9 ) (75.7 ) Interest expense – net (43.1 ) (40.3 ) (126.7 ) (122.8 ) Unallocated derivative gains (losses) (0.7 ) 0.8 21.6 (5.7 ) Cost of products sold – special project costs (A) (2.3 ) (0.5 ) (3.9 ) (4.8 ) Other special project costs (A) (5.6 ) (18.0 ) (42.4 ) (66.8 ) Corporate administrative expenses (74.2 ) (80.4 ) (221.9 ) (238.7 ) Other income (expense) – net (3.6 ) 0.2 (3.7 ) 4.5 Income before income taxes $ 116.0 $ 197.6 $ 596.8 $ 716.5 (A) Special project costs includes integration and restructuring costs. For more information, see Note 4: Integration and Restructuring Costs.

Earnings per Share

Earnings per Share	9 Months Ended
	Jan. 31, 2018
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The following table sets forth the computation of net income per common share and net income per common share – assuming dilution under the two-class method. Three Months Ended January 31, Nine Months Ended January 31, 2018 2017 2018 2017 Net income $ 831.3 $ 134.6 $ 1,152.7 $ 481.9 Less: Net income allocated to participating securities 4.4 0.6 6.1 2.2 Net income allocated to common stockholders $ 826.9 $ 134.0 $ 1,146.6 $ 479.7 Weighted-average common shares outstanding 113.0 115.9 113.0 115.9 Add: Dilutive effect of stock options — 0.1 — 0.1 Weighted-average common shares outstanding – assuming dilution 113.0 116.0 113.0 116.0 Net income per common share $ 7.32 $ 1.16 $ 10.15 $ 4.14 Net income per common share – assuming dilution $ 7.32 $ 1.16 $ 10.15 $ 4.14

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Jan. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Other Intangible Assets A summary of changes in goodwill by reportable segment is as follows: U.S. Retail Coffee U.S. Retail Consumer Foods U.S. Retail Pet Foods International and Away From Home Total Balance at May 1, 2016 $ 2,090.9 $ 1,600.9 $ 1,969.5 $ 429.8 $ 6,091.1 Other (A) — (1.9 ) — (12.1 ) (14.0 ) Balance at April 30, 2017 $ 2,090.9 $ 1,599.0 $ 1,969.5 $ 417.7 $ 6,077.1 Impairment charges (B) — — (145.0 ) — (145.0 ) Other (A) — 2.4 — 14.9 17.3 Balance at January 31, 2018 $ 2,090.9 $ 1,601.4 $ 1,824.5 $ 432.6 $ 5,949.4 (A) The amounts classified as other represent foreign currency exchange adjustments. (B) There have been no goodwill impairment charges recognized in prior periods. The following table summarizes our other intangible assets and related accumulated amortization and impairment charges, including foreign currency exchange adjustments. January 31, 2018 April 30, 2017 Acquisition Cost Accumulated Amortization/Impairment Charges/Foreign Currency Exchange Net Acquisition Cost Accumulated Amortization/Impairment Charges/Foreign Currency Exchange Net Finite-lived intangible assets subject to amortization: Customer and contractual relationships $ 3,520.1 $ 918.0 $ 2,602.1 $ 3,520.1 $ 802.1 $ 2,718.0 Patents and technology 168.5 111.2 57.3 168.5 101.4 67.1 Trademarks 556.4 136.8 419.6 556.4 112.7 443.7 Total intangible assets subject to amortization $ 4,245.0 $ 1,166.0 $ 3,079.0 $ 4,245.0 $ 1,016.2 $ 3,228.8 Indefinite-lived intangible assets not subject to amortization: Trademarks $ 3,078.1 $ 186.3 $ 2,891.8 $ 3,078.1 $ 157.0 $ 2,921.1 Total other intangible assets $ 7,323.1 $ 1,352.3 $ 5,970.8 $ 7,323.1 $ 1,173.2 $ 6,149.9 We review goodwill and other indefinite-lived intangible assets at least annually on February 1 for impairment, and more often if indicators of impairment exist. During the third quarter of 2018, we completed our long-range planning process which resulted in a decline in forecasted net sales for the U.S. Retail Pet Foods segment. As a result of the decreased projections, as well as the narrow differences between estimated fair value and carrying value as of April 30, 2017, we performed an interim impairment analysis on the goodwill of the Pet Foods reporting unit and the indefinite-lived trademarks included within the U.S. Retail Pet Foods segment. We recognized total impairment charges of $176.9 during the third quarter of 2018, of which $145.0 and $31.9 related to the goodwill of the Pet Foods reporting unit and certain indefinite-lived trademarks within the U.S. Retail Pet Foods segment, respectively, to the extent the carrying values exceeded the estimated fair values. These charges were included as a noncash charge in our Condensed Statement of Consolidated Income. Furthermore, we early adopted ASU 2017-04, Intangibles – Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment in connection with the third quarter of 2018 interim impairment analysis. As a result, we did not perform Step 2 of the goodwill impairment test for the goodwill of the Pet Foods reporting unit, and recorded the impairment charge based on the excess of the reporting unit's carrying value over its fair value. For further details, refer to Note 2: Recently Issued Accounting Standards. During the third quarter of 2017, we completed an interim impairment analysis on the goodwill of the Pet Foods reporting unit and the indefinite-lived trademarks included within the U.S. Retail Pet Foods segment as a result of a decline in the 2017 actual and forecasted net sales for the U.S. Retail Pet Foods segment, as well as an increase in our weighted-average cost of capital, which reflected the rising market-based interest rates throughout the year. As a result, we recognized an impairment charge of $75.7 related to certain indefinite-lived trademarks within the U.S. Retail Pet Foods segment, to the extent that carrying value exceeded the estimated fair value, which was included as a noncash charge in our Condensed Statement of Consolidated Income. W e did no t recognize an impairment charge related to the goodwill of the Pet Foods reporting unit during the third quarter of 2017. The goodwill and indefinite-lived trademarks within the U.S. Retail Pet Foods segment remain susceptible to future impairment charges as the carrying values approximate estimated fair values at January 31, 2018. In addition, the goodwill related to the Pet Foods reporting unit remains susceptible to future impairment charges, as the U.S. deferred tax assets and liabilities remeasurement that was recorded during the third quarter of 2018, as a result of the enactment of tax legislation in December 2017, is provisional. As such, we could have additional adjustments to the U.S. deferred tax assets and liabilities in the future as we refine our tax calculations, which could potentially affect the measurement of these balances or potentially give rise to new or additional deferred tax amounts, thus impacting the carrying value of the Pet Foods reporting unit. These adjustments would be reflected as a change in accounting estimate during the period identified. For further details, refer to Note 12: Income Taxes.

Debt and Financing Arrangements

Debt and Financing Arrangements	9 Months Ended
	Jan. 31, 2018
Debt Disclosure [Abstract]
Debt and Financing Arrangements	Debt and Financing Arrangements Long-term debt consists of the following: January 31, 2018 April 30, 2017 Principal Outstanding Carrying Amount (A) Principal Outstanding Carrying Amount (A) 1.75% Senior Notes due March 15, 2018 $ — $ — $ 500.0 $ 499.0 2.20% Senior Notes due December 6, 2019 300.0 298.4 — — 2.50% Senior Notes due March 15, 2020 500.0 497.5 500.0 496.6 3.50% Senior Notes due October 15, 2021 750.0 777.3 750.0 782.6 3.00% Senior Notes due March 15, 2022 400.0 397.1 400.0 396.6 3.50% Senior Notes due March 15, 2025 1,000.0 994.2 1,000.0 993.6 3.38% Senior Notes due December 15, 2027 500.0 495.7 — — 4.25% Senior Notes due March 15, 2035 650.0 643.0 650.0 642.6 4.38% Senior Notes due March 15, 2045 600.0 585.3 600.0 584.9 Term Loan Credit Agreement due March 23, 2020 — — 550.0 548.6 Total long-term debt $ 4,700.0 $ 4,688.5 $ 4,950.0 $ 4,944.5 Current portion of long-term debt — — 500.0 499.0 Total long-term debt, less current portion $ 4,700.0 $ 4,688.5 $ 4,450.0 $ 4,445.5 (A) Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of terminated interest rate contracts, offering discounts, and capitalized debt issuance costs. In December 2017, we completed an offering of $800.0 in Senior Notes due December 6, 2019 and December 15, 2027. The Senior Notes included $6.1 of capitalized debt issuance costs and offering discounts to be amortized to interest expense over the time for which the debt is outstanding. The net proceeds from the offering were used to prepay the $500.0 in principal amount of the Senior Notes due March 15, 2018. In addition, we prepaid, in full, the remaining outstanding balance of the $1.8 billion senior unsecured delayed-draw Term Loan Credit Agreement (“Term Loan”). During the three and nine months ended January 31, 2018, we prepaid on the Term Loan $400.0 and $550.0 , respectively. As a result of prepaying both the Senior Notes due March 15, 2018 and the Term Loan, we recognized debt costs of $1.7 , which primarily consisted of the write-off of capitalized debt issuance costs, and were included in interest expense. Concurrent with the pricing of the Senior Notes due December 15, 2027, we terminated the treasury lock prior to maturity, resulting in a gain of $2.7 , which was deferred and included as a component of accumulated other comprehensive income (loss) and will be amortized as a reduction to interest expense over the life of the debt. For additional information on the treasury lock, see Note 10: Derivative Financial Instruments. All of our Senior Notes outstanding at January 31, 2018 , are unsecured and interest is paid semiannually, with no required scheduled principal payments until maturity. We may prepay all or part of the Senior Notes at 100 percent of the principal amount thereof, together with the accrued and unpaid interest, and any applicable make-whole amount. In September 2017, we entered into an unsecured revolving credit facility with a group of 11 banks, which provides for a revolving credit line of $1.8 billion and matures in September 2022. Additionally, we terminated the previous $1.5 billion credit facility. The new revolving credit facility included $4.1 of capitalized debt issuance costs, which will be amortized to interest expense over the time for which the revolving credit facility is effective. Borrowings under the revolving credit facility bear interest on the prevailing U.S. Prime Rate, London Interbank Offered Rate (“LIBOR”), or Canadian Dealer Offered Rate, based on our election. Interest is payable either on a quarterly basis or at the end of the borrowing term. We did no t have a balance outstanding under the current and previous revolving credit facilities at January 31, 2018 and April 30, 2017 , respectively. As a result of the termination of the previous $1.5 billion credit facility, and because there are no subsidiary guarantors of the new $1.8 billion credit facility, the guarantees provided by the Company's subsidiaries, J. M. Smucker LLC and The Folgers Coffee Company (the “subsidiary guarantors”), related to the obligations under the Term Loan and all of our outstanding Senior Notes were released. For additional information, see Note 16: Guarantor and Non-Guarantor Financial Information. We participate in a commercial paper program under which we can issue short-term, unsecured commercial paper not to exceed $1.8 billion at any time, which was increased from the previous limit of $1.0 billion in conjunction with entering into the new unsecured revolving credit facility in September 2017. The commercial paper program is backed by our revolving credit facility and reduces what we can borrow under the revolving credit facility by the amount of commercial paper outstanding. Commercial paper will be used as a continuing source of short-term financing for general corporate purposes. As of January 31, 2018 and April 30, 2017, we had $254.0 and $454.0 of short-term borrowings outstanding, respectively, which were issued under our commercial paper program at weighted-average interest rates of 1.75 percent and 1.15 percent , respectively. Interest paid totaled $4.7 and $3.1 for the three months ended January 31, 2018 and 2017 , respectively, and $88.2 and $84.4 for the nine months ended January 31, 2018 and 2017 , respectively. This differs from interest expense due to the timing of interest payments, amortization of debt issuance costs and discounts, effect of interest rate contracts, other debt fees, and capitalized interest. Our debt instruments contain certain financial covenant restrictions, including a leverage ratio and an interest coverage ratio. We are in compliance with all covenants.

Pensions and Other Postretireme

Pensions and Other Postretirement Benefits	9 Months Ended
	Jan. 31, 2018
Compensation and Retirement Disclosure [Abstract]
Pensions and Other Postretirement Benefits	Pensions and Other Postretirement Benefits The components of our net periodic benefit cost for defined benefit pension and other postretirement benefit plans are shown below. Three Months Ended January 31, Defined Benefit Pension Plans Other Postretirement Benefits 2018 2017 2018 2017 Service cost $ 1.3 $ 3.0 $ 0.5 $ 0.5 Interest cost 5.4 6.2 0.5 0.7 Expected return on plan assets (7.2 ) (7.3 ) — — Amortization of net actuarial loss (gain) 2.9 3.3 (0.1 ) — Amortization of prior service cost (credit) 0.2 0.3 (0.4 ) (0.4 ) Net periodic benefit cost $ 2.6 $ 5.5 $ 0.5 $ 0.8 Nine Months Ended January 31, Defined Benefit Pension Plans Other Postretirement Benefits 2018 2017 2018 2017 Service cost $ 4.7 $ 10.7 $ 1.5 $ 1.7 Interest cost 16.2 19.1 1.6 2.0 Expected return on plan assets (21.6 ) (21.9 ) — — Amortization of net actuarial loss (gain) 8.6 10.4 (0.3 ) (0.1 ) Amortization of prior service cost (credit) 0.7 0.9 (1.1 ) (1.1 ) Settlement loss — 0.1 — — Net periodic benefit cost $ 8.6 $ 19.3 $ 1.7 $ 2.5 As of April 30, 2017, we changed the approach utilized to estimate the service and interest cost components of net periodic benefit cost for our defined benefit pension and other postretirement benefit plans. Historically, we estimated the service and interest cost components using a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. As of April 30, 2017, we utilized a spot rate approach for the estimation of service and interest cost for our plans by applying specific spot rates along the yield curve to the relevant projected cash flows to provide a better estimate of service and interest costs. This approach does not affect the measurement of the total benefit obligations, and has been accounted for as a change in estimate that is effected by a change in accounting principle. As such, we accounted for this change in methodology on a prospective basis beginning May 1, 2017, which will result in a benefit of approximately $4.3 in 2018. During the first quarter of 2017, we announced our plans to harmonize our retirement benefits and freeze our non-union U.S. defined benefit pension plans by December 31, 2017. The amendments resulted in an immaterial net settlement loss and a decrease in accumulated other comprehensive income (loss) of $25.2 at July 31, 2016. As a result of the plan changes that occurred at the end of calendar year 2017, we expect to realize additional future savings. During the third quarter of 2018, we made additional contributions to the defined benefit pension plans of $20.0 , and as a result, we anticipate total contributions to be $35.1 in 2018, of which the majority has been contributed as of January 31, 2018. The additional contribution was funded by the current year tax savings that resulted from the tax legislation that was enacted during the third quarter of 2018. For further details on the tax legislation changes, refer to Note 12: Income Taxes.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Jan. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We are exposed to market risks, such as changes in commodity prices, foreign currency exchange rates, and interest rates. To manage the volatility related to these exposures, we enter into various derivative transactions. We have policies in place that define acceptable instrument types we may enter into and establish controls to limit our market risk exposure. In the second quarter of 2018, we early adopted ASU 2017-12, Derivatives and Hedging (Topic 815) Targeted Improvements to Accounting for Hedging Activities , which did not have a material impact on our condensed consolidated financial statements and disclosures. For further details, refer to Note 2: Recently Issued Accounting Standards. Commodity Price Management: We enter into commodity derivatives to manage price volatility and reduce the variability of future cash flows related to anticipated inventory purchases of key raw materials, notably green coffee, edible oils, corn, wheat, and soybean meal. We also enter into commodity derivatives to manage price risk for energy input costs, including diesel fuel and natural gas. Our derivative instruments generally have maturities of less than one year . We do not qualify commodity derivatives for hedge accounting treatment and, as a result, the derivative gains and losses are immediately recognized in earnings. Although we do not perform the assessments required to achieve hedge accounting for derivative positions, we believe all of our commodity derivatives are economic hedges of our risk exposure. The commodities hedged have a high inverse correlation to price changes of the derivative instrument. Thus, we would expect that over time any gain or loss in the estimated fair value of the derivatives would generally be offset by an increase or decrease in the estimated fair value of the underlying exposures. Foreign Currency Exchange Rate Hedging: We utilize foreign currency derivatives to manage the effect of foreign currency exchange fluctuations on future cash payments primarily related to purchases of certain raw materials and finished goods. The contracts generally have maturities of less than one year . We do not qualify instruments used to manage foreign currency exchange exposures for hedge accounting treatment. Interest Rate Hedging: We utilize derivative instruments to manage changes in the fair value and cash flows of our debt. Interest rate contracts mitigate the risk associated with the underlying hedged item. At the inception of the contract, the instrument is evaluated and documented for hedge accounting treatment. If the contract is designated as a cash flow hedge, the mark-to-market gains or losses on the contract are deferred and included as a component of accumulated other comprehensive income (loss) and reclassified to interest expense in the period during which the hedged transaction affects earnings. If the contract is designated as a fair value hedge, the contract is recognized at fair value on the balance sheet and changes in the fair value are recognized in interest expense. Generally, changes in the fair value of the contract are equal to changes in the fair value of the underlying debt and have no impact on earnings. In June 2017, we entered into a treasury lock, with a notional value of $300.0 , to manage our exposure to interest rate volatility associated with anticipated debt financing in 2018. This interest rate contract was designated as a cash flow hedge. In December 2017, concurrent with the pricing of the Senior Notes due December 15, 2027, we terminated the treasury lock prior to maturity. The termination resulted in a gain of $2.7 , which was deferred and included as a component of accumulated other comprehensive income (loss) and will be amortized as a reduction to interest expense over the life of the debt. In 2015, we terminated the interest rate swap on the 3.50 percent Senior Notes due October 15, 2021, which was designated as a fair value hedge and used to hedge against the changes in the fair value of the debt. As a result of the early termination, we received $58.1 in cash, which included $4.6 of accrued and prepaid interest. The gain on termination was deferred and is being recognized over the remaining life of the underlying debt as a reduction of interest expense. To date, we have recognized $23.1 , of which $2.0 and $5.9 was recognized during the three and nine months ended January 31, 2018 , respectively. The remaining gain will be recognized as follows: $1.9 through the remainder of 2018, $8.0 in 2019, $8.1 in 2020, $8.4 in 2021, and $4.0 in 2022. The following tables set forth the gross fair value amounts of derivative instruments recognized in the Condensed Consolidated Balance Sheets. January 31, 2018 Other Current Assets Other Current Liabilities Other Noncurrent Assets Other Noncurrent Liabilities Derivatives not designated as hedging instruments: Commodity contracts $ 8.9 $ 5.9 $ — $ — Foreign currency exchange contracts 0.1 4.4 0.1 0.2 Total derivative instruments $ 9.0 $ 10.3 $ 0.1 $ 0.2 April 30, 2017 Other Current Assets Other Current Liabilities Other Noncurrent Assets Other Noncurrent Liabilities Derivatives not designated as hedging instruments: Commodity contracts $ 5.2 $ 21.2 $ — $ — Foreign currency exchange contracts 3.2 0.1 — — Total derivative instruments $ 8.4 $ 21.3 $ — $ — We have elected to not offset fair value amounts recognized for our exchange-traded commodity derivative instruments and our cash margin accounts executed with the same counterparty that are generally subject to enforceable netting agreements. We are required to maintain cash margin accounts in connection with funding the settlement of our open positions. At January 31, 2018 and April 30, 2017 , we maintained cash margin account balances of $12.2 and $41.8 , respectively, included in other current assets in the Condensed Consolidated Balance Sheets. The change in the cash margin account balances is included in other – net, investing activities in the Condensed Statements of Consolidated Cash Flows. In the event of default and immediate net settlement of all of our open positions with individual counterparties, all of our derivative liabilities would be fully offset by either our derivative asset positions or margin accounts based on the net asset or liability position with our individual counterparties. During the three and nine months ended January 31, 2018 , interest expense – net, as presented in the Condensed Statements of Consolidated Income, was $43.1 and $126.7 , respectively. Within interest expense, during both of the three-month periods ended January 31, 2018 and 2017 , we recognized pre-tax losses of $0.1 related to the termination of prior interest rate contracts. Within interest expense, during both of the nine -month periods ended January 31, 2018 and 2017 , we recognized $0.4 in pre-tax losses related to the termination of prior interest rate contracts. Included as a component of accumulated other comprehensive income (loss) at January 31, 2018 and April 30, 2017 , were deferred net pre-tax losses of $3.9 and $7.0 , respectively, related to the terminated interest rate contracts. The related net tax benefit recognized in accumulated other comprehensive income (loss) was $1.4 and $2.6 at January 31, 2018 and April 30, 2017 , respectively. Approximately $0.4 of the net pre-tax loss will be recognized over the next 12 months related to the terminated interest rate contracts. The following table presents the net gains and losses recognized in cost of products sold on derivatives not designated as hedging instruments. Three Months Ended January 31, Nine Months Ended January 31, 2018 2017 2018 2017 Gains (losses) on commodity contracts $ (1.8 ) $ 6.4 $ 0.7 $ (14.3 ) Gains (losses) on foreign currency exchange contracts (4.9 ) (3.8 ) (10.1 ) 4.7 Total gains (losses) recognized in cost of products sold $ (6.7 ) $ 2.6 $ (9.4 ) $ (9.6 ) Commodity and foreign currency exchange derivative gains and losses are reported in unallocated derivative gains and losses outside of segment operating results until the related inventory is sold. At that time, we reclassify the hedge gains and losses from unallocated derivative gains and losses to segment profit, allowing our segments to realize the economic effect of the hedge without experiencing any mark-to-market volatility. The following table presents the activity in unallocated derivative gains and losses. Three Months Ended January 31, Nine Months Ended January 31, 2018 2017 2018 2017 Net gains (losses) on mark-to-market valuation of unallocated derivative positions $ (6.7 ) $ 2.6 $ (9.4 ) $ (9.6 ) Less: Net gains (losses) on derivative positions reclassified to segment operating profit (6.0 ) 1.8 (31.0 ) (3.9 ) Unallocated derivative gains (losses) $ (0.7 ) $ 0.8 $ 21.6 $ (5.7 ) The net cumulative unallocated derivative losses at January 31, 2018 and April 30, 2017, were $14.0 and $35.6 , respectively. The following table presents the gross contract notional value of outstanding derivative contracts. January 31, 2018 April 30, 2017 Commodity contracts $ 533.1 $ 704.9 Foreign currency exchange contracts 144.1 195.4

Other Financial Instruments and

Other Financial Instruments and Fair Value Measurements	9 Months Ended
	Jan. 31, 2018
Fair Value Disclosures [Abstract]
Other Financial Instruments and Fair Value Measurements	Other Financial Instruments and Fair Value Measurements Financial instruments, other than derivatives, that potentially subject us to significant concentrations of credit risk consist principally of cash investments, short-term borrowings, and trade receivables. The carrying value of these financial instruments approximates fair value. Our remaining financial instruments, with the exception of long-term debt, are recognized at estimated fair value in the Condensed Consolidated Balance Sheets. The following table provides information on the carrying amounts and fair values of our financial instruments. January 31, 2018 April 30, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Marketable securities and other investments $ 47.7 $ 47.7 $ 47.3 $ 47.3 Derivative financial instruments – net (1.4 ) (1.4 ) (12.9 ) (12.9 ) Long-term debt (4,688.5 ) (4,763.0 ) (4,944.5 ) (5,023.8 ) Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Valuation techniques are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions. The following tables summarize the fair values and the levels within the fair value hierarchy in which the fair value measurements fall for our financial instruments. Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at January 31, 2018 Marketable securities and other investments: (A) Equity mutual funds $ 10.4 $ — $ — $ 10.4 Municipal obligations — 37.1 — 37.1 Money market funds 0.2 — — 0.2 Derivative financial instruments: (B) Commodity contracts – net 3.2 (0.2 ) — 3.0 Foreign currency exchange contracts – net (0.3 ) (4.1 ) — (4.4 ) Long-term debt (C) (4,763.0 ) — — (4,763.0 ) Total financial instruments measured at fair value $ (4,749.5 ) $ 32.8 $ — $ (4,716.7 ) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at April 30, 2017 Marketable securities and other investments: (A) Equity mutual funds $ 1.1 $ — $ — $ 1.1 Municipal obligations — 34.7 — 34.7 Money market funds 11.5 — — 11.5 Derivative financial instruments: (B) Commodity contracts – net (15.8 ) (0.2 ) — (16.0 ) Foreign currency exchange contracts – net 0.3 2.8 — 3.1 Long-term debt (C) (4,473.2 ) (550.6 ) — (5,023.8 ) Total financial instruments measured at fair value $ (4,476.1 ) $ (513.3 ) $ — $ (4,989.4 ) (A) Marketable securities and other investments consist of funds maintained for the payment of benefits associated with nonqualified retirement plans. The funds include equity securities listed in active markets, municipal obligations valued by a third party using valuation techniques that utilize inputs that are derived principally from or corroborated by observable market data, and money market funds with maturities of three months or less . Based on the short-term nature of these money market funds, carrying value approximates fair value. As of January 31, 2018 , our municipal obligations are scheduled to mature as follows: $0.4 in 2018, $2.3 in 2019, $1.7 in 2020, $4.9 in 2021, and the remaining $27.8 in 2022 and beyond. (B) Level 1 commodity and foreign currency exchange derivatives are valued using quoted market prices for identical instruments in active markets. Level 2 commodity and foreign currency exchange derivatives are valued using quoted prices for similar assets or liabilities in active markets. For additional information, see Note 10: Derivative Financial Instruments. (C) Long-term debt is comprised of public Senior Notes classified as Level 1 and the Term Loan classified as Level 2. The public Senior Notes are traded in an active secondary market and valued using quoted prices. The value of the Term Loan is based on the net present value of each interest and principal payment calculated utilizing an interest rate derived from an estimated yield curve obtained from independent pricing sources for similar types of term loan borrowing arrangements. In December 2017, the Term Loan was prepaid in full and the agreement was terminated. For additional information, see Note 8: Debt and Financing Arrangements. Furthermore, we recognized nonrecurring fair value adjustments of $176.9 during the third quarter of 2018, of which $145.0 and $31.9 related to the goodwill of the Pet Foods reporting unit and certain indefinite-lived trademarks within the U.S. Retail Pet Foods segment, respectively. During the third quarter of 2017, we recognized a nonrecurring fair value adjustment of $75.7 , which was related to the impairment of certain indefinite-lived trademarks in the U.S. Retail Pet Foods segment. These adjustments were included as noncash charges in our Condensed Statements of Consolidated Income. We utilized Level 3 inputs based on management’s best estimates and assumptions to estimate the fair value of the reporting unit and indefinite-lived trademarks. For additional information, see Note 7: Goodwill and Other Intangible Assets.

Income Taxes

Income Taxes	9 Months Ended
	Jan. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, the U.S. government enacted “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018” (the “Act”), which is commonly referred to as “The Tax Cuts and Jobs Act”. The Act provides for comprehensive tax legislation that reduces the U.S. federal statutory corporate tax rate from 35.0 percent to 21.0 percent effective January 1, 2018, broadens the U.S. federal income tax base, requires companies to pay a one-time repatriation tax on earnings of certain foreign subsidiaries that were previously tax deferred (“transition tax”), and creates new taxes on certain foreign sourced earnings. As we have an April 30 fiscal year-end, the lower corporate income tax rate is administratively phased in, resulting in a blended U.S. federal statutory tax rate of approximately 30.4 percent for our fiscal year ending April 30, 2018, and 21.0 percent for our fiscal years thereafter. On December 22, 2017, the U.S. Securities and Exchange Commission (“SEC”) issued Staff Accounting Bulletin 118 (“SAB 118”), expressing its views regarding the FASB's Accounting Standards Codification 740, Income Taxes , in the reporting period that includes the enactment date of the Act. SAB 118 recognizes that a registrant’s review of certain income tax effects of the Act may be incomplete at the time financial statements are issued for the reporting period that includes the enactment date, including interim periods therein. Specifically, SAB 118 allows a company to report provisional estimates in the reporting period that includes the enactment date if the company does not have the necessary information available, prepared, or fully analyzed for certain income tax effects of the Act. The provisional estimates would be adjusted during a measurement period not to exceed 12 months from the enactment date of the Act, at which time the accounting for the income tax effects of the Act is required to be completed. As of January 31, 2018, we have not completed our accounting for the income tax effects of the enactment of the Act; however, we have made a reasonable estimate of the effects on our existing deferred tax balances and the one-time transition tax. In addition to the estimates further described below, we also used assumptions and estimates that may change as a result of future guidance and interpretation from the Internal Revenue Service, the SEC, the FASB and various other taxing jurisdictions. In particular, we anticipate that the U.S. state jurisdictions will continue to determine and announce their conformity or decoupling from the Act, either in its entirety or with respect to specific provisions. All of these potential legislative and interpretive actions could result in adjustments to our provisional estimates when the accounting for the income tax effects of the Act is completed. Accordingly, our income tax provision as of January 31, 2018, reflects the current year impacts of the Act on the estimated annual effective tax rate, and the following provisional estimates of our discrete adjustments resulting directly from the enactment of the Act based on information available, prepared, or analyzed to date in reasonable detail. (Provisional amounts recorded) Three Months Ended January 31, 2018 Net impact on U.S. deferred tax assets and liabilities $ (791.9 ) Transition tax 26.1 Net impact of discrete adjustments $ (765.8 ) The provisional net benefit amount of $765.8 from the discrete adjustments is included as a component of income tax expense (benefit) in the Condensed Statement of Consolidated Income. Deferred tax assets and liabilities: We remeasured our existing U.S. deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, of which the federal component is approximately 30.4 percent for reversals expected in 2018 and 21.0 percent thereafter. The provisional amount recorded related to the remeasurement of our deferred tax balance is a benefit of $791.9 . We determined that the calculation cannot be completed until all of the underlying timing differences as of April 30, 2018, are known, rather than estimated at January 31, 2018. Furthermore, we are still analyzing certain aspects of the Act and refining our calculations, which could potentially affect the measurement of these balances or potentially give rise to new or additional deferred tax amounts. Foreign tax effects: The transition tax is based on our total post-1986 earnings and profits which were previously deferred from U.S. income taxes. We recorded a provisional income tax expense of $26.1 for the transition tax for our foreign subsidiaries, and determined that the transition tax is provisional because numerous components of the computation are estimated as of January 31, 2018 . Consistent with provisions allowed in the Act, the $26.1 estimated transition tax liability will be paid over an eight-year period beginning in 2018. The amount of the estimated transition tax liability expected to be paid within the next 12 months has been included in other current liabilities, with the remainder included in other noncurrent liabilities in the Condensed Consolidated Balance Sheet. As of January 31, 2018 , the undistributed earnings of our foreign subsidiaries continue to be permanently reinvested and we do not intend to repatriate any of the amounts. As a result, no additional income or withholding taxes have been provided for, outside of the transition tax, for the undistributed earnings or any additional outside basis differences inherent in the foreign entities. We continue to review the anticipated impacts of the global intangible low taxed income (“GILTI”) and base erosion anti-abuse tax (“BEAT”), which are not effective until May 1, 2018. We have not recorded any impact associated with either GILTI or BEAT in the tax rate during the three and nine months ended January 31, 2018 . During the three and nine months ended January 31, 2018, we revised our estimated annual effective tax rate to reflect the change in the federal statutory rate resulting from the legislation that was enacted. The effective tax rates of (616.6) percent and (93.1) percent for the three and nine months ended January 31, 2018, respectively, varied from the U.S. statutory rate of 30.4 percent primarily due to the favorable discrete impacts that resulted from the enactment of the Act, the impact of the lower blended rate on current year earnings, and the domestic manufacturing deduction, offset by additional income tax expense related to the goodwill impairment charge and state income taxes. During the three and nine months ended January 31, 2017, the effective rate varied from the U.S. statutory income tax rate of 35.0 percent primarily due to the domestic manufacturing deduction, offset by state income taxes. Within the next 12 months it is reasonably possible that we could decrease our unrecognized tax benefits by an additional $4.5 , primarily as a result of expiring statute of limitations periods.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Jan. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss), including the reclassification adjustments for items that are reclassified from accumulated other comprehensive income (loss) to net income, are shown below. Foreign Currency Translation Adjustment Net Gains (Losses) on Cash Flow Hedging Derivatives (A) Pension and Other Postretirement Liabilities (B) Unrealized Gain (Loss) on Available- for-Sale Securities Accumulated Other Comprehensive Income (Loss) Balance at May 1, 2017 $ (43.0 ) $ (4.4 ) $ (100.0 ) $ 4.0 $ (143.4 ) Reclassification adjustments — 0.4 8.0 — 8.4 Current period credit (charge) 43.8 2.7 2.0 (0.4 ) 48.1 Income tax benefit (expense) — (1.2 ) (3.2 ) 0.2 (4.2 ) Balance at January 31, 2018 $ 0.8 $ (2.5 ) $ (93.2 ) $ 3.8 $ (91.1 ) Foreign Currency Translation Adjustment Net Gains (Losses) on Cash Flow Hedging Derivatives (A) Pension and Other Postretirement Liabilities (B) Unrealized Gain (Loss) on Available- for-Sale Securities Accumulated Other Comprehensive Income (Loss) Balance at May 1, 2016 $ (13.1 ) $ (4.8 ) $ (134.1 ) $ 3.6 $ (148.4 ) Reclassification adjustments — 0.4 11.3 — 11.7 Current period credit (charge) (17.2 ) — 18.8 (0.6 ) 1.0 Income tax benefit (expense) — (0.1 ) (10.8 ) 0.2 (10.7 ) Balance at January 31, 2017 $ (30.3 ) $ (4.5 ) $ (114.8 ) $ 3.2 $ (146.4 ) (A) The reclassification from accumulated other comprehensive income (loss) to interest expense was related to the termination of prior interest rate contracts. The current period credit relates to the gain on the interest rate contract terminated in December 2017. For additional information, see Note 10: Derivative Financial Instruments. (B) Amortization of net losses was reclassified from accumulated other comprehensive income (loss) to selling, distribution, and administrative expenses.

Contingencies

Contingencies	9 Months Ended
	Jan. 31, 2018
Contingency [Abstract]
Contingencies	Contingencies We, like other food manufacturers, are from time to time subject to various administrative, regulatory, and other legal proceedings arising in the ordinary course of business. We are currently a defendant in a variety of such legal proceedings. We cannot predict with certainty the ultimate results of these proceedings or reasonably determine a range of potential loss. Our policy is to accrue losses for contingent liabilities when such liabilities are probable and amounts can be reasonably estimated. Based on the information known to date, we do not believe the final outcome of these proceedings will have a material adverse effect on our financial position, results of operations, or cash flows.

Common Shares

Common Shares	9 Months Ended
	Jan. 31, 2018
Stockholders' Equity Note [Abstract]
Common Shares	Common Shares The following table sets forth common share information. January 31, 2018 April 30, 2017 Common shares authorized 300.0 300.0 Common shares outstanding 113.6 113.4 Treasury shares 32.9 33.1 Share repurchases during the first nine months of 2018 consisted of shares repurchased from stock plan recipients in lieu of cash payments. We did no t repurchase any common shares during the first nine months of 2018 under a repurchase plan authorized by the Board of Directors (the “Board”). At January 31, 2018 , we had approximately 3.6 million common shares available for repurchase pursuant to the Board's authorizations.

Guarantor and Non-Guarantor Fin

Guarantor and Non-Guarantor Financial Information	9 Months Ended
	Jan. 31, 2018
Guarantor and Non - Guarantor Financial Information [Abstract]
Guarantor and Non-Guarantor Financial Information	Guarantor and Non-Guarantor Financial Information In September 2017, we terminated the revolving credit facility that was entered into in September 2013, and as a result, the guarantees provided by the subsidiary guarantors were released. In addition, the subsidiary guarantors are not guarantors under the new $1.8 billion revolving credit facility entered into in September 2017. As a result, the guarantees of the subsidiary guarantors, in respect to the obligations under the Term Loan and all of our outstanding Senior Notes, were released in accordance with the terms of the amended Term Loan agreement and the indentures governing such notes, as applicable. As the Senior Notes were not guaranteed as of January 31, 2018, the condensed consolidated financial statements are not provided for the subsidiary guarantors. For additional information, see Note 8: Debt and Financing Arrangements.

Recently Issued Accounting St22

Recently Issued Accounting Standards (Policies)	9 Months Ended
	Jan. 31, 2018
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which will allow a reclassification from accumulated other comprehensive income to retained earnings for the tax effects resulting from “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018” (the “Act”) that are stranded in accumulated other comprehensive income. This standard also requires certain disclosures about stranded tax effects. This ASU, however, does not change the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations. ASU 2018-02 will be effective for us on May 1, 2019, with the option to early adopt at any time prior to the effective date. It must be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Act is recognized. We do not anticipate that the adoption of this ASU will have a material impact on our consolidated financial statements and disclosures. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815) Targeted Improvements to Accounting for Hedging Activities , which simplifies the application of hedge accounting and enables companies to better portray the economics of their risk management activities in their financial statements . ASU 2017-12 is effective for us on May 1, 2019, but we have elected to early adopt during the second quarter of 2018, as permitted. Early adoption of this ASU had an overall immaterial impact on our condensed consolidated financial statements and disclosures. For additional information, see Note 10: Derivative Financial Instruments. In March 2017, the FASB issued ASU 2017-07, Compensation – Retirement Benefits (Topic 715) Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost , which requires the service cost component of the net periodic pension cost to be presented separately from the other components of the net periodic pension cost in the income statement. Additionally, only the service cost component of the net periodic pension cost is eligible for capitalization. ASU 2017-07 will be effective for us on May 1, 2019, with the option to early adopt at any time prior to the effective date. The change in presentation of service cost must be applied retrospectively, while the capitalization of service cost must be applied on a prospective basis. We do not anticipate that the adoption of this ASU will have a material impact on our consolidated financial statements and disclosures. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment , which eliminates Step 2 from the goodwill impairment test and requires an impairment charge to be recorded based on the excess of a reporting unit's carrying value over its fair value. ASU 2017-04 is effective for us on May 1, 2020, but we have elected to early adopt on a prospective basis during the third quarter of 2018, as permitted. For additional information, see Note 7: Goodwill and Other Intangible Assets. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740) Intra-Entity Transfers of Assets Other Than Inventory, which requires the recognition of the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs rather than deferring such recognition until the asset is sold to an outside party. ASU 2016-16 is effective for us on May 1, 2018, and it will require adoption on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. We do not anticipate that the adoption of this ASU will have a material impact on our consolidated financial statements and disclosures. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments, which will make changes to how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 will be effective for us on May 1, 2018, and it will require adoption on a retrospective basis. We do not anticipate that the adoption of this ASU will have a material impact on the presentation of our consolidated financial statements and disclosures. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) , which will require lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. ASU 2016-02 will be effective for us on May 1, 2019, with the option to early adopt at any time prior to the effective date. It will require a modified retrospective application for leases existing at, or entered into after, the beginning of the earliest comparative period presented and will exclude any leases that expired before the date of initial application. We are currently compiling an inventory of our lease arrangements in order to determine the impact the new guidance will have on our consolidated financial statements and disclosures. We are also in the process of evaluating lease accounting software as we prepare for the standard's additional reporting requirements. Based on our assessment to date, we expect the adoption of ASU 2016-02 will result in a significant increase in lease-related assets and liabilities recognized in our Consolidated Balance Sheets, but we are unable to quantify the impact at this time. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . The core principle of the new guidance is that an entity must recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. It requires additional disclosures to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows relating to customer contracts. ASU 2014-09 requires either full retrospective application to each prior reporting period presented or modified retrospective application with the cumulative effect of initially applying the standard recognized at the date of adoption. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) Deferral of the Effective Date, which extends the standard's effective date by one year . As a result of this issuance, the standard will be effective for us on May 1, 2018. Our plan to implement the standard is on track. With the involvement of a cross-functional team, we performed a detailed review of the new guidance as compared to our current policies to identify any potential accounting differences. We then reviewed contracts from each of our significant revenue streams to determine the validity of our initial conclusions. We have not identified any accounting changes that would materially impact our consolidated financial statements, and therefore we intend to utilize the modified retrospective transition method.

Integration and Restructuring23

Integration and Restructuring Costs (Tables)	9 Months Ended
	Jan. 31, 2018
Restructuring and Related Activities [Abstract]
One-time integration costs	The following table summarizes our one-time costs incurred related to the Big Heart acquisition. Three Months Ended January 31, Nine Months Ended January 31, Total Costs Incurred to Date at January 31, 2018 2018 2017 2018 2017 Employee-related costs $ 2.0 $ 4.7 $ 8.2 $ 17.9 $ 90.3 Outside service and consulting costs 1.6 8.1 9.1 26.5 115.1 Other costs 1.2 0.8 6.4 12.0 63.6 Total one-time costs $ 4.8 $ 13.6 $ 23.7 $ 56.4 $ 269.0
One-time restructuring costs	The following table summarizes our one-time costs incurred related to the organization optimization program. Three Months Ended January 31, Nine Months Ended January 31, Total Costs Incurred to Date at January 31, 2018 2018 2017 2018 2017 Employee-related costs $ (0.5 ) $ 3.4 $ 11.1 $ 10.7 $ 24.8 Outside service and consulting costs 0.1 — 0.3 1.7 2.1 Other costs 3.5 1.5 11.2 2.8 15.6 Total one-time costs $ 3.1 $ 4.9 $ 22.6 $ 15.2 $ 42.5

Reportable Segments (Tables)

Reportable Segments (Tables)	9 Months Ended
	Jan. 31, 2018
Segment Reporting [Abstract]
Income by segment	Three Months Ended January 31, Nine Months Ended January 31, 2018 2017 2018 2017 Net sales: U.S. Retail Coffee $ 550.5 $ 537.6 $ 1,584.0 $ 1,602.7 U.S. Retail Consumer Foods 511.6 517.3 1,535.5 1,611.6 U.S. Retail Pet Foods 561.9 550.9 1,635.7 1,601.4 International and Away From Home 279.3 273.0 820.6 792.8 Total net sales $ 1,903.3 $ 1,878.8 $ 5,575.8 $ 5,608.5 Segment profit: U.S. Retail Coffee $ 182.1 $ 172.2 $ 458.5 $ 532.5 U.S. Retail Consumer Foods 121.3 119.2 363.1 349.5 U.S. Retail Pet Foods 118.0 126.3 339.2 363.0 International and Away From Home 52.6 45.5 144.6 136.7 Total segment profit $ 474.0 $ 463.2 $ 1,305.4 $ 1,381.7 Amortization (51.6 ) (51.7 ) (154.7 ) (155.2 ) Impairment charges (176.9 ) (75.7 ) (176.9 ) (75.7 ) Interest expense – net (43.1 ) (40.3 ) (126.7 ) (122.8 ) Unallocated derivative gains (losses) (0.7 ) 0.8 21.6 (5.7 ) Cost of products sold – special project costs (A) (2.3 ) (0.5 ) (3.9 ) (4.8 ) Other special project costs (A) (5.6 ) (18.0 ) (42.4 ) (66.8 ) Corporate administrative expenses (74.2 ) (80.4 ) (221.9 ) (238.7 ) Other income (expense) – net (3.6 ) 0.2 (3.7 ) 4.5 Income before income taxes $ 116.0 $ 197.6 $ 596.8 $ 716.5 (A) Special project costs includes integration and restructuring costs. For more information, see Note 4: Integration and Restructuring Costs.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Jan. 31, 2018
Earnings Per Share [Abstract]
Computation of earnings per common share, basic and diluted	The following table sets forth the computation of net income per common share and net income per common share – assuming dilution under the two-class method. Three Months Ended January 31, Nine Months Ended January 31, 2018 2017 2018 2017 Net income $ 831.3 $ 134.6 $ 1,152.7 $ 481.9 Less: Net income allocated to participating securities 4.4 0.6 6.1 2.2 Net income allocated to common stockholders $ 826.9 $ 134.0 $ 1,146.6 $ 479.7 Weighted-average common shares outstanding 113.0 115.9 113.0 115.9 Add: Dilutive effect of stock options — 0.1 — 0.1 Weighted-average common shares outstanding – assuming dilution 113.0 116.0 113.0 116.0 Net income per common share $ 7.32 $ 1.16 $ 10.15 $ 4.14 Net income per common share – assuming dilution $ 7.32 $ 1.16 $ 10.15 $ 4.14

Goodwill and Other Intangible26

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Jan. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of changes in the company's goodwill	A summary of changes in goodwill by reportable segment is as follows: U.S. Retail Coffee U.S. Retail Consumer Foods U.S. Retail Pet Foods International and Away From Home Total Balance at May 1, 2016 $ 2,090.9 $ 1,600.9 $ 1,969.5 $ 429.8 $ 6,091.1 Other (A) — (1.9 ) — (12.1 ) (14.0 ) Balance at April 30, 2017 $ 2,090.9 $ 1,599.0 $ 1,969.5 $ 417.7 $ 6,077.1 Impairment charges (B) — — (145.0 ) — (145.0 ) Other (A) — 2.4 — 14.9 17.3 Balance at January 31, 2018 $ 2,090.9 $ 1,601.4 $ 1,824.5 $ 432.6 $ 5,949.4 (A) The amounts classified as other represent foreign currency exchange adjustments. (B) There have been no goodwill impairment charges recognized in prior periods.
Other intangible assets and related accumulated amortization, impairment charges, and foreign currency exchange	The following table summarizes our other intangible assets and related accumulated amortization and impairment charges, including foreign currency exchange adjustments. January 31, 2018 April 30, 2017 Acquisition Cost Accumulated Amortization/Impairment Charges/Foreign Currency Exchange Net Acquisition Cost Accumulated Amortization/Impairment Charges/Foreign Currency Exchange Net Finite-lived intangible assets subject to amortization: Customer and contractual relationships $ 3,520.1 $ 918.0 $ 2,602.1 $ 3,520.1 $ 802.1 $ 2,718.0 Patents and technology 168.5 111.2 57.3 168.5 101.4 67.1 Trademarks 556.4 136.8 419.6 556.4 112.7 443.7 Total intangible assets subject to amortization $ 4,245.0 $ 1,166.0 $ 3,079.0 $ 4,245.0 $ 1,016.2 $ 3,228.8 Indefinite-lived intangible assets not subject to amortization: Trademarks $ 3,078.1 $ 186.3 $ 2,891.8 $ 3,078.1 $ 157.0 $ 2,921.1 Total other intangible assets $ 7,323.1 $ 1,352.3 $ 5,970.8 $ 7,323.1 $ 1,173.2 $ 6,149.9

Debt and Financing Arrangemen27

Debt and Financing Arrangements (Tables)	9 Months Ended
	Jan. 31, 2018
Debt Disclosure [Abstract]
Long-term debt	Long-term debt consists of the following: January 31, 2018 April 30, 2017 Principal Outstanding Carrying Amount (A) Principal Outstanding Carrying Amount (A) 1.75% Senior Notes due March 15, 2018 $ — $ — $ 500.0 $ 499.0 2.20% Senior Notes due December 6, 2019 300.0 298.4 — — 2.50% Senior Notes due March 15, 2020 500.0 497.5 500.0 496.6 3.50% Senior Notes due October 15, 2021 750.0 777.3 750.0 782.6 3.00% Senior Notes due March 15, 2022 400.0 397.1 400.0 396.6 3.50% Senior Notes due March 15, 2025 1,000.0 994.2 1,000.0 993.6 3.38% Senior Notes due December 15, 2027 500.0 495.7 — — 4.25% Senior Notes due March 15, 2035 650.0 643.0 650.0 642.6 4.38% Senior Notes due March 15, 2045 600.0 585.3 600.0 584.9 Term Loan Credit Agreement due March 23, 2020 — — 550.0 548.6 Total long-term debt $ 4,700.0 $ 4,688.5 $ 4,950.0 $ 4,944.5 Current portion of long-term debt — — 500.0 499.0 Total long-term debt, less current portion $ 4,700.0 $ 4,688.5 $ 4,450.0 $ 4,445.5 (A) Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of terminated interest rate contracts, offering discounts, and capitalized debt issuance costs.

Pensions and Other Postretire28

Pensions and Other Postretirement Benefits (Tables)	9 Months Ended
	Jan. 31, 2018
Compensation and Retirement Disclosure [Abstract]
Net periodic benefit cost	The components of our net periodic benefit cost for defined benefit pension and other postretirement benefit plans are shown below. Three Months Ended January 31, Defined Benefit Pension Plans Other Postretirement Benefits 2018 2017 2018 2017 Service cost $ 1.3 $ 3.0 $ 0.5 $ 0.5 Interest cost 5.4 6.2 0.5 0.7 Expected return on plan assets (7.2 ) (7.3 ) — — Amortization of net actuarial loss (gain) 2.9 3.3 (0.1 ) — Amortization of prior service cost (credit) 0.2 0.3 (0.4 ) (0.4 ) Net periodic benefit cost $ 2.6 $ 5.5 $ 0.5 $ 0.8 Nine Months Ended January 31, Defined Benefit Pension Plans Other Postretirement Benefits 2018 2017 2018 2017 Service cost $ 4.7 $ 10.7 $ 1.5 $ 1.7 Interest cost 16.2 19.1 1.6 2.0 Expected return on plan assets (21.6 ) (21.9 ) — — Amortization of net actuarial loss (gain) 8.6 10.4 (0.3 ) (0.1 ) Amortization of prior service cost (credit) 0.7 0.9 (1.1 ) (1.1 ) Settlement loss — 0.1 — — Net periodic benefit cost $ 8.6 $ 19.3 $ 1.7 $ 2.5

Derivative Financial Instrume29

Derivative Financial Instruments (Tables)	9 Months Ended
	Jan. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative instruments	The following tables set forth the gross fair value amounts of derivative instruments recognized in the Condensed Consolidated Balance Sheets. January 31, 2018 Other Current Assets Other Current Liabilities Other Noncurrent Assets Other Noncurrent Liabilities Derivatives not designated as hedging instruments: Commodity contracts $ 8.9 $ 5.9 $ — $ — Foreign currency exchange contracts 0.1 4.4 0.1 0.2 Total derivative instruments $ 9.0 $ 10.3 $ 0.1 $ 0.2 April 30, 2017 Other Current Assets Other Current Liabilities Other Noncurrent Assets Other Noncurrent Liabilities Derivatives not designated as hedging instruments: Commodity contracts $ 5.2 $ 21.2 $ — $ — Foreign currency exchange contracts 3.2 0.1 — — Total derivative instruments $ 8.4 $ 21.3 $ — $ —
Net realized and unrealized gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments	The following table presents the net gains and losses recognized in cost of products sold on derivatives not designated as hedging instruments. Three Months Ended January 31, Nine Months Ended January 31, 2018 2017 2018 2017 Gains (losses) on commodity contracts $ (1.8 ) $ 6.4 $ 0.7 $ (14.3 ) Gains (losses) on foreign currency exchange contracts (4.9 ) (3.8 ) (10.1 ) 4.7 Total gains (losses) recognized in cost of products sold $ (6.7 ) $ 2.6 $ (9.4 ) $ (9.6 )
Schedule of unallocated derivative gains (losses)	The following table presents the activity in unallocated derivative gains and losses. Three Months Ended January 31, Nine Months Ended January 31, 2018 2017 2018 2017 Net gains (losses) on mark-to-market valuation of unallocated derivative positions $ (6.7 ) $ 2.6 $ (9.4 ) $ (9.6 ) Less: Net gains (losses) on derivative positions reclassified to segment operating profit (6.0 ) 1.8 (31.0 ) (3.9 ) Unallocated derivative gains (losses) $ (0.7 ) $ 0.8 $ 21.6 $ (5.7 )
Outstanding derivative contracts	The following table presents the gross contract notional value of outstanding derivative contracts. January 31, 2018 April 30, 2017 Commodity contracts $ 533.1 $ 704.9 Foreign currency exchange contracts 144.1 195.4

Other Financial Instruments a30

Other Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Jan. 31, 2018
Fair Value Disclosures [Abstract]
Carrying amount and fair value of financial instruments	The following table provides information on the carrying amounts and fair values of our financial instruments. January 31, 2018 April 30, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Marketable securities and other investments $ 47.7 $ 47.7 $ 47.3 $ 47.3 Derivative financial instruments – net (1.4 ) (1.4 ) (12.9 ) (12.9 ) Long-term debt (4,688.5 ) (4,763.0 ) (4,944.5 ) (5,023.8 )
Financial assets (liabilities) measured at fair value on a recurring basis	The following tables summarize the fair values and the levels within the fair value hierarchy in which the fair value measurements fall for our financial instruments. Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at January 31, 2018 Marketable securities and other investments: (A) Equity mutual funds $ 10.4 $ — $ — $ 10.4 Municipal obligations — 37.1 — 37.1 Money market funds 0.2 — — 0.2 Derivative financial instruments: (B) Commodity contracts – net 3.2 (0.2 ) — 3.0 Foreign currency exchange contracts – net (0.3 ) (4.1 ) — (4.4 ) Long-term debt (C) (4,763.0 ) — — (4,763.0 ) Total financial instruments measured at fair value $ (4,749.5 ) $ 32.8 $ — $ (4,716.7 ) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at April 30, 2017 Marketable securities and other investments: (A) Equity mutual funds $ 1.1 $ — $ — $ 1.1 Municipal obligations — 34.7 — 34.7 Money market funds 11.5 — — 11.5 Derivative financial instruments: (B) Commodity contracts – net (15.8 ) (0.2 ) — (16.0 ) Foreign currency exchange contracts – net 0.3 2.8 — 3.1 Long-term debt (C) (4,473.2 ) (550.6 ) — (5,023.8 ) Total financial instruments measured at fair value $ (4,476.1 ) $ (513.3 ) $ — $ (4,989.4 ) (A) Marketable securities and other investments consist of funds maintained for the payment of benefits associated with nonqualified retirement plans. The funds include equity securities listed in active markets, municipal obligations valued by a third party using valuation techniques that utilize inputs that are derived principally from or corroborated by observable market data, and money market funds with maturities of three months or less . Based on the short-term nature of these money market funds, carrying value approximates fair value. As of January 31, 2018 , our municipal obligations are scheduled to mature as follows: $0.4 in 2018, $2.3 in 2019, $1.7 in 2020, $4.9 in 2021, and the remaining $27.8 in 2022 and beyond. (B) Level 1 commodity and foreign currency exchange derivatives are valued using quoted market prices for identical instruments in active markets. Level 2 commodity and foreign currency exchange derivatives are valued using quoted prices for similar assets or liabilities in active markets. For additional information, see Note 10: Derivative Financial Instruments. (C) Long-term debt is comprised of public Senior Notes classified as Level 1 and the Term Loan classified as Level 2. The public Senior Notes are traded in an active secondary market and valued using quoted prices. The value of the Term Loan is based on the net present value of each interest and principal payment calculated utilizing an interest rate derived from an estimated yield curve obtained from independent pricing sources for similar types of term loan borrowing arrangements. In December 2017, the Term Loan was prepaid in full and the agreement was terminated. For additional information, see Note 8: Debt and Financing Arrangements.

Income Taxes Income Taxes (Tabl

Income Taxes Income Taxes (Tables)	9 Months Ended
	Jan. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Accordingly, our income tax provision as of January 31, 2018, reflects the current year impacts of the Act on the estimated annual effective tax rate, and the following provisional estimates of our discrete adjustments resulting directly from the enactment of the Act based on information available, prepared, or analyzed to date in reasonable detail. (Provisional amounts recorded) Three Months Ended January 31, 2018 Net impact on U.S. deferred tax assets and liabilities $ (791.9 ) Transition tax 26.1 Net impact of discrete adjustments $ (765.8 )

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Jan. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Components of accumulated other comprehensive income (loss)	The components of accumulated other comprehensive income (loss), including the reclassification adjustments for items that are reclassified from accumulated other comprehensive income (loss) to net income, are shown below. Foreign Currency Translation Adjustment Net Gains (Losses) on Cash Flow Hedging Derivatives (A) Pension and Other Postretirement Liabilities (B) Unrealized Gain (Loss) on Available- for-Sale Securities Accumulated Other Comprehensive Income (Loss) Balance at May 1, 2017 $ (43.0 ) $ (4.4 ) $ (100.0 ) $ 4.0 $ (143.4 ) Reclassification adjustments — 0.4 8.0 — 8.4 Current period credit (charge) 43.8 2.7 2.0 (0.4 ) 48.1 Income tax benefit (expense) — (1.2 ) (3.2 ) 0.2 (4.2 ) Balance at January 31, 2018 $ 0.8 $ (2.5 ) $ (93.2 ) $ 3.8 $ (91.1 ) Foreign Currency Translation Adjustment Net Gains (Losses) on Cash Flow Hedging Derivatives (A) Pension and Other Postretirement Liabilities (B) Unrealized Gain (Loss) on Available- for-Sale Securities Accumulated Other Comprehensive Income (Loss) Balance at May 1, 2016 $ (13.1 ) $ (4.8 ) $ (134.1 ) $ 3.6 $ (148.4 ) Reclassification adjustments — 0.4 11.3 — 11.7 Current period credit (charge) (17.2 ) — 18.8 (0.6 ) 1.0 Income tax benefit (expense) — (0.1 ) (10.8 ) 0.2 (10.7 ) Balance at January 31, 2017 $ (30.3 ) $ (4.5 ) $ (114.8 ) $ 3.2 $ (146.4 ) (A) The reclassification from accumulated other comprehensive income (loss) to interest expense was related to the termination of prior interest rate contracts. The current period credit relates to the gain on the interest rate contract terminated in December 2017. For additional information, see Note 10: Derivative Financial Instruments. (B) Amortization of net losses was reclassified from accumulated other comprehensive income (loss) to selling, distribution, and administrative expenses.

Common Shares (Tables)

Common Shares (Tables)	9 Months Ended
	Jan. 31, 2018
Stockholders' Equity Note [Abstract]
Common Shares Information	The following table sets forth common share information. January 31, 2018 April 30, 2017 Common shares authorized 300.0 300.0 Common shares outstanding 113.6 113.4 Treasury shares 32.9 33.1

Acquisition (Details Textual)

Acquisition (Details Textual) - Pending Acquisition [Member] $ in Millions	May 30, 2017USD ($)
Business Acquisition [Line Items]
Anticipated Payments To Acquire Business Gross	$ 285
Expected Annual Sales Revenue Goods Net	$ 230

Integration and Restructuring35

Integration and Restructuring Costs (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2018USD ($)	Jan. 31, 2017USD ($)	Jan. 31, 2018USD ($)Position	Jan. 31, 2017USD ($)	Apr. 30, 2017USD ($)lease
Big Heart [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	$ 290		$ 290
Restructuring and Related Cost, Incurred Cost	4.8	$ 13.6	23.7	$ 56.4
Restructuring and Related Cost, Incurred Noncash Charge	0.3	1.6	2.8	8.6
Restructuring and Related Cost, Cost Incurred to Date	269		269
Restructuring and Related Cost, Noncash Charge Incurred to Date	30.6		30.6
Employee Severance [Member] | Big Heart [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	100		100
Restructuring and Related Cost, Incurred Cost	2	4.7	8.2	17.9
Restructuring and Related Cost, Cost Incurred to Date	90.3		90.3
Restructuring Reserve	0.4		0.4		$ 5.3
Outside Services and Consulting [Member] | Big Heart [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	120		120
Restructuring and Related Cost, Incurred Cost	1.6	8.1	9.1	26.5
Restructuring and Related Cost, Cost Incurred to Date	115.1		115.1
Other Restructuring [Member] | Big Heart [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	70		70
Restructuring and Related Cost, Incurred Cost	1.2	0.8	6.4	12
Restructuring and Related Cost, Cost Incurred to Date	63.6		63.6
Organization Optimization Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	45		45
Restructuring and Related Cost, Incurred Cost	3.1	4.9	22.6	15.2
Restructuring and Related Cost, Incurred Noncash Charge	2.9	0.5	9.8	1.5
Restructuring and Related Cost, Cost Incurred to Date	42.5		42.5
Restructuring and Related Cost, Noncash Charge Incurred to Date	11.9		$ 11.9
Restructuring and Related Costs, Number of Leases Exited | lease					2
Restructuring and Related Cost, Number of Positions Eliminated | Position			275
Organization Optimization Program [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	(0.5)	3.4	$ 11.1	10.7
Restructuring and Related Cost, Cost Incurred to Date	24.8		24.8
Restructuring Reserve	1.1		1.1		$ 3.3
Organization Optimization Program [Member] | Outside Services and Consulting [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	0.1	0	0.3	1.7
Restructuring and Related Cost, Cost Incurred to Date	2.1		2.1
Organization Optimization Program [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	3.5	$ 1.5	11.2	$ 2.8
Restructuring and Related Cost, Cost Incurred to Date	$ 15.6		$ 15.6

Reportable Segments (Details)

Reportable Segments (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Net sales:
Net sales		$ 1,903.3	$ 1,878.8	$ 5,575.8	$ 5,608.5
Segment profit:
Segment profit		474	463.2	1,305.4	1,381.7
Amortization		(51.6)	(51.7)	(154.7)	(155.2)
Impairment charges		(176.9)	(75.7)	(176.9)	(75.7)
Interest expense – net		(43.1)	(40.3)	(126.7)	(122.8)
Unallocated derivative gains (losses)		(0.7)	0.8	21.6	(5.7)
Cost of products sold – special project costs (A)	[1]	(2.3)	(0.5)	(3.9)	(4.8)
Other special project costs (A)	[1],[2]	(5.6)	(18)	(42.4)	(66.8)
Corporate administrative expenses		(74.2)	(80.4)	(221.9)	(238.7)
Other income (expense) – net		(3.6)	0.2	(3.7)	4.5
Income Before Income Taxes		116	197.6	596.8	716.5
U.S. Retail Coffee [Member]
Net sales:
Net sales		550.5	537.6	1,584	1,602.7
Segment profit:
Segment profit		182.1	172.2	458.5	532.5
U.S. Retail Consumer Foods [Member]
Net sales:
Net sales		511.6	517.3	1,535.5	1,611.6
Segment profit:
Segment profit		121.3	119.2	363.1	349.5
U.S. Retail Pet Foods [Member]
Net sales:
Net sales		561.9	550.9	1,635.7	1,601.4
Segment profit:
Segment profit		118	126.3	339.2	363
International and Away From Home [Member]
Net sales:
Net sales		279.3	273	820.6	792.8
Segment profit:
Segment profit		$ 52.6	$ 45.5	$ 144.6	$ 136.7
[1]	Special project costs includes integration and restructuring costs. For more information, see Note 4: Integration and Restructuring Costs.
[2]	Other special project costs includes integration and restructuring costs. For more information, see Note 4: Integration and Restructuring Costs.

Reportable Segments (Details Te

Reportable Segments (Details Textual)	9 Months Ended
	Jan. 31, 2018IndustrySegment
Segment Reporting Information [Line Items]
Number of industries in which Company operates | Industry	1
Number of reportable segments | Segment	4

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Earnings Per Share [Abstract]
Net income	$ 831.3	$ 134.6	$ 1,152.7	$ 481.9
Less: Net income allocated to participating securities	4.4	0.6	6.1	2.2
Net income allocated to common stockholders	$ 826.9	$ 134	$ 1,146.6	$ 479.7
Weighted-average common shares outstanding (in shares)	113	115.9	113	115.9
Add: Dilutive effect of stock options (in shares)	0	0.1	0	0.1
Weighted-average common shares outstanding - assuming dilution (in shares)	113	116	113	116
Net income per common share (in dollars per share)	$ 7.32	$ 1.16	$ 10.15	$ 4.14
Net Income - Assuming Dilution (in dollars per share)	$ 7.32	$ 1.16	$ 10.15	$ 4.14

Goodwill and Other Intangible39

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended			12 Months Ended
		Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018		Jan. 31, 2017	Apr. 30, 2017	Apr. 30, 2016
Goodwill [Line Items]
Goodwill		$ 5,949.4		$ 5,949.4			$ 6,077.1	$ 6,091.1
Goodwill, Impairment Loss	[1]			(145)
Goodwill, Other Increase (Decrease)	[2]			17.3			(14)
U.S. Retail Coffee [Member]
Goodwill [Line Items]
Goodwill		2,090.9		2,090.9			2,090.9	2,090.9
Goodwill, Impairment Loss	[1]			0
Goodwill, Other Increase (Decrease)	[2]			0			0
U S Retail Consumer Foods [Member]
Goodwill [Line Items]
Goodwill		1,601.4		1,601.4			1,599	1,600.9
Goodwill, Impairment Loss	[1]			0
Goodwill, Other Increase (Decrease)	[2]			2.4			(1.9)
U.S. Retail Pet Foods [Member]
Goodwill [Line Items]
Goodwill		1,824.5		1,824.5			1,969.5	1,969.5
Goodwill, Impairment Loss		(145)	$ 0	(145)	[1]	$ 0
Goodwill, Other Increase (Decrease)	[2]			0			0
International and Away From Home [Member]
Goodwill [Line Items]
Goodwill		$ 432.6		432.6			417.7	$ 429.8
Goodwill, Impairment Loss	[1]			0
Goodwill, Other Increase (Decrease)	[2]			$ 14.9			$ (12.1)
[1]	There have been no goodwill impairment charges recognized in prior periods.
[2]	The amounts classified as other represent foreign currency exchange adjustments.

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets (Details 1) - USD ($) $ in Millions	Jan. 31, 2018	Apr. 30, 2017
Finite-lived intangible assets subject to amortization:
Finite-lived intangible assets subject to amortization, Acquisition Cost	$ 4,245	$ 4,245
Accumulated Amortization, Impairment Charges And Foreign Currency Exchange Expense For Finite Lived Assets	1,166	1,016.2
Finite-lived intangible assets subject to amortization, Net	3,079	3,228.8
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets, Acquisition Cost	7,323.1	7,323.1
Total Other Intangible Assets Accumulated Amortization Impairment Charges Foreign Currency Exchange	1,352.3	1,173.2
Intangible Assets, Net (Excluding Goodwill)	5,970.8	6,149.9
Trademarks [Member]
Indefinite-lived intangible assets not subject to amortization:
Indefinite-lived intangible assets not subject to amortization, Acquisition Cost	3,078.1	3,078.1
Accumulated Amortization, Impairment Charges And Foreign Currency Exchange Expense For Indefinite Lived Assets	186.3	157
Indefinite-lived intangible assets not subject to amortization, Net	2,891.8	2,921.1
Customer Contracts [Member]
Finite-lived intangible assets subject to amortization:
Finite-lived intangible assets subject to amortization, Acquisition Cost	3,520.1	3,520.1
Accumulated Amortization, Impairment Charges And Foreign Currency Exchange Expense For Finite Lived Assets	918	802.1
Finite-lived intangible assets subject to amortization, Net	2,602.1	2,718
Patented Technology [Member]
Finite-lived intangible assets subject to amortization:
Finite-lived intangible assets subject to amortization, Acquisition Cost	168.5	168.5
Accumulated Amortization, Impairment Charges And Foreign Currency Exchange Expense For Finite Lived Assets	111.2	101.4
Finite-lived intangible assets subject to amortization, Net	57.3	67.1
Trademarks [Member]
Finite-lived intangible assets subject to amortization:
Finite-lived intangible assets subject to amortization, Acquisition Cost	556.4	556.4
Accumulated Amortization, Impairment Charges And Foreign Currency Exchange Expense For Finite Lived Assets	136.8	112.7
Finite-lived intangible assets subject to amortization, Net	$ 419.6	$ 443.7

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018		Jan. 31, 2017	Apr. 30, 2017
Goodwill and Intangible Assets [Line Items]
Goodwill, Impaired, Accumulated Impairment Loss		$ 145		$ 145			$ 0
Impairment charges		176.9	$ 75.7	176.9		$ 75.7
Goodwill, Impairment Loss	[1]			145
U.S. Retail Pet Foods [Member]
Goodwill and Intangible Assets [Line Items]
Impairment charges		176.9		176.9
Goodwill, Impairment Loss		145	0	145	[1]	0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		$ 31.9	$ 75.7	$ 31.9		$ 75.7
[1]	There have been no goodwill impairment charges recognized in prior periods.

Debt and Financing Arrangemen42

Debt and Financing Arrangements (Details) - USD ($)		Jan. 31, 2018	Apr. 30, 2017
Long-term debt
Debt instrument face amount		$ 4,700,000,000	$ 4,950,000,000
Current portion of long-term debt	[1]	0	499,000,000
Long-term debt	[1]	4,688,500,000	4,944,500,000
Long-term debt, less current portion	[1]	$ 4,688,500,000	$ 4,445,500,000
1.75% Senior Notes due March 15, 2018 [Member]
Long-term debt
Interest rate on notes		1.75%	1.75%
Debt instrument face amount		$ 0	$ 500,000,000
Notes Payable, Noncurrent	[1]	$ 0	$ 499,000,000
2.20% Senior Notes due December 6, 2019 [Member]
Long-term debt
Interest rate on notes		2.20%	2.20%
Debt instrument face amount		$ 300,000,000	$ 0
Notes Payable, Noncurrent	[1]	$ 298,400,000	$ 0
2.50% Senior Notes due March 15, 2020 [Member]
Long-term debt
Interest rate on notes		2.50%	2.50%
Debt instrument face amount		$ 500,000,000	$ 500,000,000
Notes Payable, Noncurrent	[1]	$ 497,500,000	$ 496,600,000
3.50% Senior Notes due October 15, 2021 [Member]
Long-term debt
Interest rate on notes		3.50%	3.50%
Debt instrument face amount		$ 750,000,000	$ 750,000,000
Notes Payable, Noncurrent	[1]	$ 777,300,000	$ 782,600,000
3.00% Senior Notes due March 15, 2022 [Member]
Long-term debt
Interest rate on notes		3.00%	3.00%
Debt instrument face amount		$ 400,000,000	$ 400,000,000
Notes Payable, Noncurrent	[1]	$ 397,100,000	$ 396,600,000
3.50% Senior Notes due March 15, 2025 [Member]
Long-term debt
Interest rate on notes		3.50%	3.50%
Debt instrument face amount		$ 1,000,000,000	$ 1,000,000,000
Notes Payable, Noncurrent	[1]	$ 994,200,000	$ 993,600,000
3.38% Senior Notes due December 15, 2027 [Member]
Long-term debt
Interest rate on notes		3.38%	3.38%
Debt instrument face amount		$ 500,000,000	$ 0
Notes Payable, Noncurrent	[1]	$ 495,700,000	$ 0
4.25% Senior Notes due March 15, 2035 [Member]
Long-term debt
Interest rate on notes		4.25%	4.25%
Debt instrument face amount		$ 650,000,000	$ 650,000,000
Notes Payable, Noncurrent	[1]	$ 643,000,000	$ 642,600,000
4.38% Senior Notes due March 15, 2045 [Member]
Long-term debt
Interest rate on notes		4.38%	4.38%
Debt instrument face amount		$ 600,000,000	$ 600,000,000
Notes Payable, Noncurrent	[1]	585,300,000	584,900,000
Term Loan Credit Agreement due March 23, 2020 [Member]
Long-term debt
Debt instrument face amount		0	550,000,000
Term loan credit agreement carrying value	[1]	0	548,600,000
Current portion of long-term debt
Long-term debt
Debt instrument face amount		0	500,000,000
Total long-term debt, less current portion
Long-term debt
Debt instrument face amount		$ 4,700,000,000	$ 4,450,000,000
[1]	Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of terminated interest rate contracts, offering discounts, and capitalized debt issuance costs.

Debt and Financing Arrangemen43

Debt and Financing Arrangements (Details Textual)	3 Months Ended		9 Months Ended		12 Months Ended	34 Months Ended
	Jan. 31, 2018USD ($)Bank	Jan. 31, 2017USD ($)	Jan. 31, 2018USD ($)Bank	Jan. 31, 2017USD ($)	Apr. 30, 2015USD ($)	Jan. 31, 2018USD ($)Bank	Aug. 31, 2017USD ($)	Jul. 31, 2017USD ($)	Apr. 30, 2017USD ($)
Debt and Financing Arrangements (Textual) [Abstract]
Debt instrument face amount	$ 4,700,000,000		$ 4,700,000,000			$ 4,700,000,000			$ 4,950,000,000
Repayments of long-term debt			$ 1,050,300,000	$ 200,000,000
Number of banks | Bank	11		11			11
Outstanding balance under revolving credit facility	$ 0		$ 0			$ 0			0
Revolving credit facility maximum borrowing capacity	1,800,000,000		1,800,000,000			$ 1,800,000,000	$ 1,500,000,000
Payments of Debt Issuance Costs	$ 4,100,000		$ 4,100,000
Percentage of the principal amount thereof which company can prepay	100.00%		100.00%			100.00%
Interest paid	$ 4,700,000	$ 3,100,000	$ 88,200,000	$ 84,400,000
Short-term borrowings	254,000,000		254,000,000			$ 254,000,000			$ 454,000,000
Write off of Deferred Debt Issuance Cost	$ 1,700,000		$ 1,700,000
1.75% Senior Notes due March 15, 2018 [Member]
Debt Disclosure [Abstract]
Debt Instrument, Interest Rate, Stated Percentage	1.75%		1.75%			1.75%			1.75%
Debt and Financing Arrangements (Textual) [Abstract]
Debt instrument face amount	$ 0		$ 0			$ 0			$ 500,000,000
Repayments of long-term debt	500,000,000		500,000,000
Senior Notes [Member]
Debt and Financing Arrangements (Textual) [Abstract]
Debt instrument face amount	800,000,000		800,000,000			800,000,000
Payments of Debt Issuance Costs	6,100,000		6,100,000
Term Loan Credit Agreement due March 23, 2020 [Member]
Debt and Financing Arrangements (Textual) [Abstract]
Debt instrument face amount	0		0			0			$ 550,000,000
Repayments of long-term debt	$ 400,000,000		$ 550,000,000			$ 1,800,000,000
Fair Value Hedging [Member]
Outstanding derivative contracts
Gain (loss) on early termination agreement					$ 58,100,000
Commercial Paper [Member]
Debt and Financing Arrangements (Textual) [Abstract]
Commercial paper weighted-average interest rate	1.75%		1.75%			1.75%			1.15%
Commercial paper, borrowing capacity	$ 1,800,000,000		$ 1,800,000,000			$ 1,800,000,000	$ 1,000,000,000
Short-term borrowings	254,000,000		254,000,000			$ 254,000,000			$ 454,000,000
Treasury Lock [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount								$ 300,000,000
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ 2,700,000		$ 2,700,000

Pensions and Other Postretire44

Pensions and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jul. 31, 2016	Jan. 31, 2018	Jan. 31, 2017
Components of net periodic benefit cost
Decrease in expected service and interest cost during fiscal year due to change in discount rate methodology				$ 4.3
Plan amendment change in AOCI			$ (25.2)
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 20
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year				35.1
Defined Benefit Pension Plans [Member]
Components of net periodic benefit cost
Service cost	1.3	$ 3		4.7	$ 10.7
Interest cost	5.4	6.2		16.2	19.1
Expected return on plan assets	(7.2)	(7.3)		(21.6)	(21.9)
Amortization of net actuarial loss (gain)	2.9	3.3		8.6	10.4
Amortization of prior service cost (credit)	0.2	0.3		0.7	0.9
Settlement loss				0	0.1
Net periodic benefit cost	2.6	5.5		8.6	19.3
Other Postretirement Benefits [Member]
Components of net periodic benefit cost
Service cost	0.5	0.5		1.5	1.7
Interest cost	0.5	0.7		1.6	2
Expected return on plan assets	0	0		0	0
Amortization of net actuarial loss (gain)	(0.1)	0		(0.3)	(0.1)
Amortization of prior service cost (credit)	(0.4)	(0.4)		(1.1)	(1.1)
Settlement loss				0	0
Net periodic benefit cost	$ 0.5	$ 0.8		$ 1.7	$ 2.5

Derivative Financial Instrume45

Derivative Financial Instruments (Details) - Not designated as hedging instruments [Member] - USD ($) $ in Millions	Jan. 31, 2018	Apr. 30, 2017
Other Current Assets [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	$ 9	$ 8.4
Other Current Assets [Member] | Commodity contracts [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	8.9	5.2
Other Current Assets [Member] | Foreign currency exchange contracts [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	0.1	3.2
Other Current Liabilities [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	10.3	21.3
Other Current Liabilities [Member] | Commodity contracts [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	5.9	21.2
Other Current Liabilities [Member] | Foreign currency exchange contracts [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	4.4	0.1
Other Noncurrent Assets [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	0.1	0
Other Noncurrent Assets [Member] | Commodity contracts [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	0	0
Other Noncurrent Assets [Member] | Foreign currency exchange contracts [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	0.1	0
Other Noncurrent Liabilities [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	0.2	0
Other Noncurrent Liabilities [Member] | Commodity contracts [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	0	0
Other Noncurrent Liabilities [Member] | Foreign currency exchange contracts [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	$ 0.2	$ 0

Derivative Financial Instrume46

Derivative Financial Instruments (Details 1) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments
Total gains (losses) recognized in cost of products sold	$ (6.7)	$ 2.6	$ (9.4)	$ (9.6)
Commodity contracts [Member]
Gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments
Total gains (losses) recognized in cost of products sold	(1.8)	6.4	0.7	(14.3)
Foreign currency exchange contracts [Member]
Gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments
Total gains (losses) recognized in cost of products sold	$ (4.9)	$ (3.8)	$ (10.1)	$ 4.7

Derivative Financial Instrume47

Derivative Financial Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Price Risk Derivatives [Abstract]
Net gains (losses) on mark-to-market valuation of unallocated derivative positions	$ (6.7)	$ 2.6	$ (9.4)	$ (9.6)
Less: Net gains (losses) on derivative positions reclassified to segment operating profit	(6)	1.8	(31)	(3.9)
Unallocated derivative gains (losses)	$ (0.7)	$ 0.8	$ 21.6	$ (5.7)

Derivative Financial Instrume48

Derivative Financial Instruments (Details 3) - USD ($) $ in Millions	Jan. 31, 2018	Jul. 31, 2017	Apr. 30, 2017
Commodity contracts [Member]
Outstanding derivative contracts
Gross contract notional amount	$ 533.1		$ 704.9
Foreign currency exchange contracts [Member]
Outstanding derivative contracts
Gross contract notional amount	$ 144.1		$ 195.4
Treasury Lock [Member]
Outstanding derivative contracts
Gross contract notional amount		$ 300

Derivative Financial Instrume49

Derivative Financial Instruments (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017	Apr. 30, 2017	Apr. 30, 2015	Jul. 31, 2017
Derivative Financial Instruments (Textual) [Abstract]
Interest expense – net	$ (43.1)	$ (40.3)	$ (126.7)	$ (122.8)
Amortization of deferred gain on early termination agreement	2		5.9
Derivative Financial Instruments (Additional Textual) [Abstract]
Cash margin accounts related to derivative instruments recognized	12.2		12.2		$ 41.8
Cumulative net mark-to-market valuation of certain derivative positions recognized in unallocated derivative gains (losses)			$ (14)		(35.6)
Fair Value Hedging [Member]
Derivative Financial Instruments (Textual) [Abstract]
Gain (loss) on early termination agreement						$ 58.1
Commodity contracts [Member]
Derivative Financial Instruments (Textual) [Abstract]
Derivative instrument maturity			1 year
Gross contract notional amount	533.1		$ 533.1		704.9
Foreign currency exchange contracts [Member]
Derivative Financial Instruments (Textual) [Abstract]
Derivative instrument maturity			1 year
Gross contract notional amount	144.1		$ 144.1		195.4
Treasury Lock [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	2.7		2.7
Derivative Financial Instruments (Textual) [Abstract]
Gross contract notional amount							$ 300
Interest rate contract [Member]
Derivative Financial Instruments (Textual) [Abstract]
Deferred pre-tax gain (loss) included in accumulated other comprehensive loss	(3.9)		(3.9)		(7)
Tax impact related to deferred losses and gains on cash flow hedges included in accumulated other comprehensive loss	$ 1.4		1.4		$ 2.6
Effective portion of the hedge loss reclassified to interest expense over the next twelve months			(0.4)
Gain (loss) on early termination agreement						$ 4.6
Total Through Q3 2018 [Member]
Derivative Financial Instruments (Textual) [Abstract]
Amortization of deferred gain on early termination agreement			23.1
2018 [Member]
Derivative Financial Instruments (Textual) [Abstract]
Amortization of deferred gain on early termination agreement			1.9
2019 [Member]
Derivative Financial Instruments (Textual) [Abstract]
Amortization of deferred gain on early termination agreement			8
2020 [Member]
Derivative Financial Instruments (Textual) [Abstract]
Amortization of deferred gain on early termination agreement			8.1
2021 [Member]
Derivative Financial Instruments (Textual) [Abstract]
Amortization of deferred gain on early termination agreement			8.4
2022 [Member]
Derivative Financial Instruments (Textual) [Abstract]
Amortization of deferred gain on early termination agreement			$ 4
3.50% Senior Notes due October 15, 2021 [Member]
Debt Instrument [Line Items]
Interest rate on notes	3.50%		3.50%		3.50%
Interest Expense [Member] | Interest rate contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (0.1)	$ (0.1)	$ (0.4)	$ (0.4)

Other Financial Instruments a50

Other Financial Instruments and Fair Value Measurements (Details) - USD ($) $ in Millions		Jan. 31, 2018	Apr. 30, 2017
Carrying amount and fair value of financial instruments
Long-term debt	[1]	$ (4,688.5)	$ (4,944.5)
Carrying Amount [Member]
Carrying amount and fair value of financial instruments
Marketable securities and other investments		47.7	47.3
Derivative financial instruments – net		(1.4)	(12.9)
Long-term debt		(4,688.5)	(4,944.5)
Fair Value [Member]
Carrying amount and fair value of financial instruments
Marketable securities and other investments		47.7	47.3
Derivative financial instruments – net		(1.4)	(12.9)
Long-term debt		$ (4,763)	$ (5,023.8)
[1]	Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of terminated interest rate contracts, offering discounts, and capitalized debt issuance costs.

Other Financial Instruments a51

Other Financial Instruments and Fair Value Measurements (Details 1) - Fair value measurements recurring [Member] - USD ($) $ in Millions		Jan. 31, 2018	Apr. 30, 2017
Financial assets (liabilities) measured at fair value on a recurring basis
Long-term debt	[1]	$ (4,763)	$ (5,023.8)
Total financial instruments measured at fair value		(4,716.7)	(4,989.4)
Equity Funds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	10.4	1.1
Municipal Bonds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	37.1	34.7
Money market funds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	0.2	11.5
Commodity contracts - net [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	3	(16)
Foreign currency exchange contracts - net [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	(4.4)	3.1
Fair Value, Inputs, Level 1 [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Long-term debt	[1]	(4,763)	(4,473.2)
Total financial instruments measured at fair value		(4,749.5)	(4,476.1)
Fair Value, Inputs, Level 1 [Member] | Equity Funds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	10.4	1.1
Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	0	0
Fair Value, Inputs, Level 1 [Member] | Money market funds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	0.2	11.5
Fair Value, Inputs, Level 1 [Member] | Commodity contracts - net [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	3.2	(15.8)
Fair Value, Inputs, Level 1 [Member] | Foreign currency exchange contracts - net [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	(0.3)	0.3
Fair Value, Inputs, Level 2 [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Long-term debt	[1]	0	(550.6)
Total financial instruments measured at fair value		32.8	(513.3)
Fair Value, Inputs, Level 2 [Member] | Equity Funds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	0	0
Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	37.1	34.7
Fair Value, Inputs, Level 2 [Member] | Money market funds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	0	0
Fair Value, Inputs, Level 2 [Member] | Commodity contracts - net [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	(0.2)	(0.2)
Fair Value, Inputs, Level 2 [Member] | Foreign currency exchange contracts - net [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	(4.1)	2.8
Fair Value, Inputs, Level 3 [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Long-term debt	[1]	0	0
Total financial instruments measured at fair value		0	0
Fair Value, Inputs, Level 3 [Member] | Equity Funds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	0	0
Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	0	0
Fair Value, Inputs, Level 3 [Member] | Money market funds [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Other investments	[2]	0	0
Fair Value, Inputs, Level 3 [Member] | Commodity contracts - net [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Foreign currency exchange contracts - net [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	$ 0	$ 0
[1]	Long-term debt is comprised of public Senior Notes classified as Level 1 and the Term Loan classified as Level 2. The public Senior Notes are traded in an active secondary market and valued using quoted prices. The value of the Term Loan is based on the net present value of each interest and principal payment calculated utilizing an interest rate derived from an estimated yield curve obtained from independent pricing sources for similar types of term loan borrowing arrangements. In December 2017, the Term Loan was prepaid in full and the agreement was terminated. For additional information, see Note 8: Debt and Financing Arrangements.
[2]	Marketable securities and other investments consist of funds maintained for the payment of benefits associated with nonqualified retirement plans. The funds include equity securities listed in active markets, municipal obligations valued by a third party using valuation techniques that utilize inputs that are derived principally from or corroborated by observable market data, and money market funds with maturities of three months or less. Based on the short-term nature of these money market funds, carrying value approximates fair value. As of January 31, 2018, our municipal obligations are scheduled to mature as follows: $0.4 in 2018, $2.3 in 2019, $1.7 in 2020, $4.9 in 2021, and the remaining $27.8 in 2022 and beyond.
[3]	Level 1 commodity and foreign currency exchange derivatives are valued using quoted market prices for identical instruments in active markets. Level 2 commodity and foreign currency exchange derivatives are valued using quoted prices for similar assets or liabilities in active markets. For additional information, see Note 10: Derivative Financial Instruments.

Other Financial Instruments a52

Other Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018		Jan. 31, 2017
Other Financial Instruments and Fair Value Measurements (Textual) [Abstract]
Company's Municipal bond mature in 2018		$ 0.4		$ 0.4
Company's Municipal bond mature in 2019		2.3		2.3
Company's Municipal bond mature in 2020		1.7		1.7
Company's Municipal bond mature in 2021		4.9		4.9
Company's Municipal bond mature in 2022 and beyond		27.8		$ 27.8
Money market funds maturity period				three months or less
Indefinite-lived Intangible Assets [Line Items]
Impairment charges		176.9	$ 75.7	$ 176.9		$ 75.7
Goodwill, Impairment Loss	[1]			145
U.S. Retail Pet Foods [Member]
Indefinite-lived Intangible Assets [Line Items]
Impairment charges		176.9		176.9
Goodwill, Impairment Loss		145	0	145	[1]	0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		$ 31.9	$ 75.7	$ 31.9		$ 75.7
[1]	There have been no goodwill impairment charges recognized in prior periods.

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jan. 31, 2018	Jan. 31, 2018	Jan. 31, 2017
Income Tax Disclosure [Abstract]
Remeasurement of U.S. deferred tax assets and liabilities	$ (791.9)	$ (791.9)	$ 0
Transition tax	26.1	26.1
Net impact of discrete adjustments	$ (765.8)	$ (765.8)

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended	4 Months Ended	8 Months Ended	9 Months Ended		12 Months Ended
	Jan. 31, 2018	Apr. 30, 2018	Dec. 31, 2017	Jan. 31, 2018	Jan. 31, 2017	Apr. 30, 2019	Apr. 30, 2018
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%	35.00%			21.00%	30.40%
Net impact of discrete adjustments	$ (765.8)			$ (765.8)
Remeasurement of U.S. deferred tax assets and liabilities	(791.9)			(791.9)	$ 0
Transition tax	$ 26.1			$ 26.1
Effective Income Tax Rate Reconciliation, Percent	(616.60%)			(93.10%)
Income Taxes (Textual) [Abstract]
Time Period Over Which it is Reasonably Possible That Company Could Increase or Decrease its Unrecognized Tax Benefits				12 months
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 4.5			$ 4.5

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance		$ (143.4)	$ (148.4)
Reclassification adjustments		8.4	11.7
Current period credit (charge)		48.1	1
Income tax benefit (expense)		(4.2)	(10.7)
Accumulated Other Comprehensive Income (Loss), Ending Balance		(91.1)	(146.4)
Foreign Currency Translation Adjustment [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance		(43)	(13.1)
Reclassification adjustments		0	0
Current period credit (charge)		43.8	(17.2)
Income tax benefit (expense)		0	0
Accumulated Other Comprehensive Income (Loss), Ending Balance		0.8	(30.3)
Net Gains (Losses) on Cash Flow Hedging Derivatives [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance	[1]	(4.4)	(4.8)
Reclassification adjustments	[1]	0.4	0.4
Current period credit (charge)	[1]	2.7	0
Income tax benefit (expense)	[1]	(1.2)	(0.1)
Accumulated Other Comprehensive Income (Loss), Ending Balance	[1]	(2.5)	(4.5)
Pension and Other Postretirement Liabilities [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance	[2]	(100)	(134.1)
Reclassification adjustments	[2]	8	11.3
Current period credit (charge)	[2]	2	18.8
Income tax benefit (expense)	[2]	(3.2)	(10.8)
Accumulated Other Comprehensive Income (Loss), Ending Balance	[2]	(93.2)	(114.8)
Unrealized Gain (Loss) on Available-for-Sale Securities [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance		4	3.6
Reclassification adjustments		0	0
Current period credit (charge)		(0.4)	(0.6)
Income tax benefit (expense)		0.2	0.2
Accumulated Other Comprehensive Income (Loss), Ending Balance		$ 3.8	$ 3.2
[1]	The reclassification from accumulated other comprehensive income (loss) to interest expense was related to the termination of prior interest rate contracts. The current period credit relates to the gain on the interest rate contract terminated in December 2017. For additional information, see Note 10: Derivative Financial Instruments.
[2]	Amortization of net losses was reclassified from accumulated other comprehensive income (loss) to selling, distribution, and administrative expenses.

Common Shares (Details)

Common Shares (Details) - shares	9 Months Ended
	Jan. 31, 2018	Apr. 30, 2017
Stockholders' Equity Note [Abstract]
Stock Repurchased During Period, Shares	0
Common Shares Information
Common shares authorized	300,000,000	300,000,000
Common shares outstanding	113,600,000	113,400,000
Treasury shares	32,900,000	33,100,000
Common Shares (Additional Textual) [Abstract]
Shares remaining for repurchase	3,600,000

Guarantor and Non-Guarantor F57

Guarantor and Non-Guarantor Financial Information (Details Textual) - USD ($)	Jan. 31, 2018	Aug. 31, 2017
Guarantor and Non Guarantor Financial Information (Textual) [Abstract]
Revolving credit facility maximum borrowing capacity	$ 1,800,000,000	$ 1,500,000,000