The J. M. Smucker Company (SJM) 10-Q 26 Aug 21 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2021	Aug. 19, 2021
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2021
Document Transition Report	false
Entity File Number	1-5111
Entity Registrant Name	The J. M. Smucker Company
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-0538550
Entity Address, Address Line One	One Strawberry Lane
Entity Address, City or Town	Orrville,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44667-0280
City Area Code	(330)
Local Phone Number	682-3000
Title of 12(b) Security	Common shares, no par value
Trading Symbol	SJM
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000091419
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--04-30
Entity Common Stock, Shares Outstanding		108,358,521

Condensed Statements of Consoli

Condensed Statements of Consolidated Income (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
Income Statement [Abstract]
Net sales		$ 1,858	$ 1,971.8
Cost of products sold (A)	[1]	1,218.6	1,196.4
Gross Profit		639.4	775.4
Selling, distribution, and administrative expenses		324	357.5
Amortization		55.4	59.6
Other special project costs	[1],[2]	1.8	0
Other operating expense (income) – net		(1.2)	(2.8)
Operating Income		259.4	361.1
Interest expense – net		(43.1)	(46.1)
Other income (expense) – net		(11.1)	(1.4)
Income Before Income Taxes		205.2	313.6
Income tax expense		51.3	76.6
Net Income		$ 153.9	$ 237
Earnings per common share:
Net Income (in dollars per share)		$ 1.42	$ 2.08
Net Income - Assuming Dilution (in dollars per share)		$ 1.42	$ 2.08
[1]	Special project costs include divestiture, acquisition, integration, and restructuring costs, which are recognized in cost of products sold and other special project costs. For more information, see Note 3: Integration and Restructuring Costs and Note 5: Reportable Segments.
[2]	Special project costs include divestiture, acquisition, integration, and restructuring costs, which are recognized in cost of products sold and other special project costs in the Condensed Statement of Consolidated Income. For more information, see Note 3: Integration and Restructuring Costs.

Condensed Statements of Conso_2

Condensed Statements of Consolidated Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 153.9	$ 237
Other comprehensive income (loss):
Foreign currency translation adjustments	(4)	12.9
Cash flow hedging derivative activity, net of tax	2.3	2.6
Pension and other postretirement benefit plans activity, net of tax	(2.6)	1.7
Available-for-sale securities activity, net of tax	0.1	0.9
Total Other Comprehensive Income (Loss)	(4.2)	18.1
Comprehensive Income	$ 149.7	$ 255.1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions		Jul. 31, 2021	Apr. 30, 2021
Current Assets
Cash and cash equivalents		$ 168.8	$ 334.3
Trade receivables – net		566	533.7
Inventories:
Finished products		700.8	607.6
Raw materials		404.7	352.3
Total Inventory		1,105.5	959.9
Other current assets		112.6	113.8
Total Current Assets		1,952.9	1,941.7
Property, Plant, and Equipment
Land and land improvements		124.5	124.3
Buildings and fixtures		970.8	967
Machinery and equipment		2,486.4	2,469.7
Construction in progress		305.2	282.3
Gross Property, Plant, and Equipment		3,886.9	3,843.3
Accumulated depreciation		(1,898.5)	(1,841.8)
Total Property, Plant, and Equipment		1,988.4	2,001.5
Other Noncurrent Assets
Operating lease right-of-use assets		133.5	142
Goodwill		6,021	6,023.6
Other intangible assets – net		5,985.2	6,041.2
Other noncurrent assets		130.7	134.2
Total Other Noncurrent Assets		12,270.4	12,341
Total Assets		16,211.7	16,284.2
Current Liabilities
Accounts payable		1,041.2	1,034.1
Accrued trade marketing and merchandising		194.9	200.6
Current portion of long-term debt	[1]	751.6	1,152.9
Short-term borrowings		366	82
Current operating lease liabilities		41.2	41.1
Other current liabilities		368.3	356.8
Total Current Liabilities		2,763.2	2,867.5
Noncurrent Liabilities
Long-term debt, less current portion	[1]	3,517.5	3,516.8
Deferred income taxes		1,348.8	1,349.3
Noncurrent operating lease liabilities		103.9	112.8
Other noncurrent liabilities		308	313
Total Noncurrent Liabilities		5,278.2	5,291.9
Total Liabilities		8,041.4	8,159.4
Shareholders’ Equity
Common shares		27.1	27.1
Additional capital		5,531	5,527.6
Retained income		2,893.8	2,847.5
Accumulated other comprehensive income (loss)		(281.6)	(277.4)
Total Shareholders’ Equity		8,170.3	8,124.8
Total Liabilities and Shareholders’ Equity		$ 16,211.7	$ 16,284.2
[1]	Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.

Condensed Statements of Conso_3

Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Operating Activities
Net income	$ 153.9	$ 237
Adjustments to reconcile net income to net cash provided by (used for) operations:
Depreciation	58.5	54.1
Amortization	55.4	59.6
Pension settlement loss (gain)	3.7	0
Share-based compensation expense	5.3	5.9
Other noncash adjustments – net	3.1	3.8
Make-whole payments included in financing activities	7	0
Changes in assets and liabilities:
Trade receivables	(32.9)	55.1
Inventories	(146.3)	(98.5)
Other current assets	8	0.3
Accounts payable	28.5	41.1
Accrued liabilities	(43.9)	7.1
Income and other taxes	47.4	43.4
Other – net	(9.9)	0.1
Net Cash Provided by (Used for) Operating Activities	137.8	409
Investing Activities
Additions to property, plant, and equipment	(68)	(76.6)
Other – net	(12)	27.4
Net Cash Provided by (Used for) Investing Activities	(80)	(49.2)
Financing Activities
Short-term borrowings (repayments) – net	284	47.8
Repayments of long-term debt	(407)	(300)
Quarterly dividends paid	(97.2)	(100.1)
Purchase of treasury shares	(6.8)	(4.6)
Proceeds from stock option exercises	4	0
Other – net	(0.3)	(0.4)
Net Cash Provided by (Used for) Financing Activities	(223.3)	(357.3)
Effect of exchange rate changes on cash	0	3
Net increase (decrease) in cash and cash equivalents	(165.5)	5.5
Cash and cash equivalents at beginning of period	334.3	391.1
Cash and Cash Equivalents at End of Period	$ 168.8	$ 396.6

Condensed Statements of Conso_4

Condensed Statements of Consolidated Shareholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Common Shares	Additional Capital	Retained Income	Accumulated Other Comprehensive Income (Loss)
Balance at Apr. 30, 2020	$ 8,190.9	$ 29	$ 5,794.1	$ 2,746.8	$ (379)
Balance, shares at Apr. 30, 2020		114,072,726
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	237			237
Other comprehensive income (loss)	18.1				18.1
Comprehensive Income	255.1
Purchase of treasury shares	(4.6)	$ 0	(5.5)	0.9
Purchase of treasury shares, shares		(42,194)
Stock plans	6.2	$ 0	6.2
Stock plans, shares		56,910
Cash dividends declared	(102.4)			(102.4)
Other	0	$ (0.5)	0.5	0
Balance at Jul. 31, 2020	8,345.2	$ 28.5	5,795.3	2,882.3	(360.9)
Balance, shares at Jul. 31, 2020		114,087,442
Balance at Apr. 30, 2021	$ 8,124.8	$ 27.1	5,527.6	2,847.5	(277.4)
Balance, shares at Apr. 30, 2021	108,300,000	108,339,057
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 153.9			153.9
Other comprehensive income (loss)	(4.2)				(4.2)
Comprehensive Income	149.7
Purchase of treasury shares	(6.8)	$ 0	(6.1)	(0.7)
Purchase of treasury shares, shares		(50,203)
Stock plans	9.5	$ 0	9.5
Stock plans, shares		71,140
Cash dividends declared	(106.9)			(106.9)
Balance at Jul. 31, 2021	$ 8,170.3	$ 27.1	$ 5,531	$ 2,893.8	$ (281.6)
Balance, shares at Jul. 31, 2021	108,400,000	108,359,994

Condensed Statements of Conso_5

Condensed Statements of Consolidated Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.99	$ 0.90

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jul. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 three months ended July 31, 2021, are not necessarily indicative of the results that may be expected for the year ending April 30, 2022. 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, 2021.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	3 Months Ended
	Jul. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	In November 2020, the U.S. Securities and Exchange Commission (the “SEC”) adopted the final rule under SEC Release No. 33-10890, Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information, to modernize and simplify Management’s Discussion and Analysis and certain financial disclosure requirements. These updates are part of the SEC’s broader disclosure effectiveness initiative and reflect a principles-based, registrant-specific approach to disclosures, intended to improve the content and simplify compliance for registrants. During 2021, we early adopted certain updates to section 301, Selected Financial Data , and 302, Supplementary Financial Information . As required, we will complete the adoption of the remaining amendments during 2022 and do not anticipate that the adoption of these amendments will have a material impact on our financial statements and disclosures. In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes , which removes certain exceptions for investments, intraperiod allocations and interim calculations, and adds guidance to reduce complexity in accounting for income taxes. ASU 2019-12 was effective for us on May 1, 2021. The accounting guidance for franchise taxes and foreign investments was adopted on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of 2022. All other applicable provisions were adopted on a prospective basis, as required by ASU 2019-12. The adoption of this ASU did not have a material impact on our financial statements and disclosures.

Integration and Restructuring C

Integration and Restructuring Costs	3 Months Ended
	Jul. 31, 2021
Restructuring and Related Activities [Abstract]
Integration and Restructuring Costs	Integration and restructuring costs primarily consist of employee-related costs and other transition and termination costs related to certain divestiture, acquisition, integration, 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 impacted employees, and relocation costs are expensed as incurred. Other transition and termination costs include fixed asset-related charges, contract and lease termination costs, professional fees, and other miscellaneous expenditures associated with the integration or restructuring activities, which are expensed as incurred. These integration and restructuring costs are reported in costs of products sold and other special project costs in the Condensed Statements of Consolidated Income and are not allocated to segment profit. The obligation related to employee separation costs is included in other current liabilities in the Condensed Consolidated Balance Sheets. Restructuring Costs: A restructuring program was approved by the Board of Directors (the “Board”) during 2021, associated with opportunities identified to reduce our overall cost structure and optimize our organizational design, inclusive of stranded overhead associated with recent divestitures of the Crisco ® and Natural Balance ® businesses. For additional information related to these divestitures, see Note 4: Divestitures. During 2021, we substantially completed an organizational redesign related to our corporate headquarters and announced plans to close our Suffolk, Virginia, production facility by the end of 2022, as a result of a new strategic partnership for the production of our Away From Home liquid coffee products. We expect to incur costs of approximately $85.0 associated with the restructuring activities approved to date. Approximately half of these costs are expected to be other transition and termination costs associated with our cost reduction and margin management initiatives, inclusive of accelerated depreciation, while the remainder represents employee-related costs. We anticipate the activities associated with this restructuring program will be completed by the end of 2023, with the majority of the costs expected to be incurred by the end of 2022. The following table summarizes our restructuring costs incurred related to the restructuring program. Three Months Ended July 31, 2021 Total Costs Incurred to Date at July 31, 2021 Employee-related costs $ 1.3 $ 18.6 Other transition and termination costs 5.1 11.9 Total restructuring costs $ 6.4 $ 30.5

Divestitures

Divestitures	3 Months Ended
	Jul. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	On December 1, 2020, we sold the Crisco oils and shortening business to B&G Foods, Inc. (“B&G Foods”). The transaction included oils and shortening products sold under the Crisco brand, primarily in the U.S. and Canada, certain trademarks and licensing agreements, dedicated manufacturing and warehouse facilities located in Cincinnati, Ohio, and approximately 160 employees who supported the Crisco business. Under our ownership, the business generated net sales of $198.9 in 2021, primarily included in the U.S. Retail Consumer Foods segment. We received net proceeds from the divestiture of $530.2, which were net of cash transaction costs and a working capital adjustment. On January 29, 2021, we sold the Natural Balance premium pet food business to Nexus Capital Management LP (“Nexus”). The transaction included pet food products sold under the Natural Balance brand, certain trademarks and licensing agreements, and select employees who supported the Natural Balance business. Under our ownership, the business generated net sales of $156.7 in 2021, included in the U.S. Retail Pet Foods segment. We received net proceeds from the divestiture of $33.8, which were net of cash transaction costs and a working capital adjustment. Upon completion of these transactions during the second half of 2021, we recognized a pre-tax gain of $114.8 related to the Crisco business and a pre-tax loss of $89.5 related to the Natural Balance business.

Reportable Segments

Reportable Segments	3 Months Ended
	Jul. 31, 2021
Segment Reporting [Abstract]
Reportable Segments	We operate in one industry: the manufacturing and marketing of food and beverage products. We have three reportable segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The presentation of International and Away From Home represents a combination of all other operating segments that are not individually reportable. The U.S. Retail Pet Foods segment primarily includes the domestic sales of Rachael Ray ® Nutrish ® , Meow Mix ® , Milk-Bone ® , 9Lives ® , Kibbles ’n Bits ® , Pup-Peroni ® , and Nature’s Recipe ® branded products; the U.S. Retail Coffee segment primarily includes the domestic sales of Folgers ® , Dunkin’ TM , and Café Bustelo ® branded coffee; and the U.S. Retail Consumer Foods segment primarily includes the domestic sales of Smucker’s ® and Jif ® branded products. International and Away From Home includes the sale of products distributed domestically and in foreign countries through retail channels and foodservice distributors and operators (e.g., health care operators, restaurants, lodging, hospitality, offices, K-12, colleges and universities, and convenience stores). 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 amortization expense and impairment charges related to intangible assets, gains and losses related to the sale of a business, the net change in cumulative unallocated gains and losses on commodity and foreign currency exchange derivative activities (“change in net cumulative unallocated derivative gains and losses”), divestiture, acquisition, integration, and restructuring costs (“special project costs”), as well as corporate administrative expenses. 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. The following table reconciles segment profit to income before income taxes. Three Months Ended July 31, 2021 2020 Net sales: U.S. Retail Pet Foods $ 648.0 $ 692.6 U.S. Retail Coffee 543.2 570.9 U.S. Retail Consumer Foods 435.6 489.2 International and Away From Home 231.2 219.1 Total net sales $ 1,858.0 $ 1,971.8 Segment profit: U.S. Retail Pet Foods $ 79.9 $ 125.3 U.S. Retail Coffee 151.3 182.6 U.S. Retail Consumer Foods 118.7 131.5 International and Away From Home 32.9 30.9 Total segment profit $ 382.8 $ 470.3 Amortization (55.4) (59.6) Interest expense – net (43.1) (46.1) Change in net cumulative unallocated derivative gains and losses (2.2) 16.2 Cost of products sold – special project costs (A) (4.6) — Other special project costs (A) (1.8) — Corporate administrative expenses (59.4) (65.8) Other income (expense) – net (11.1) (1.4) Income before income taxes $ 205.2 $ 313.6 (A) Special project costs include divestiture, acquisition, integration, and restructuring costs, which are recognized in cost of products sold and other special project costs in the Condensed Statement of Consolidated Income. For more information, see Note 3: Integration and Restructuring Costs. The following table presents certain geographical information. Three Months Ended July 31, 2021 2020 Net sales: United States $ 1,733.2 $ 1,829.7 International: Canada $ 102.1 $ 108.2 All other international 22.7 33.9 Total international $ 124.8 $ 142.1 Total net sales $ 1,858.0 $ 1,971.8 The following table presents product category information. Three Months Ended July 31, 2021 2020 Primary Reportable Segment (A) Coffee $ 613.1 $ 635.7 U.S. Retail Coffee Dog food 228.3 277.7 U.S. Retail Pet Foods Cat food 221.0 220.0 U.S. Retail Pet Foods Pet snacks 215.8 212.8 U.S. Retail Pet Foods Peanut butter 211.3 199.9 U.S. Retail Consumer Foods Frozen handheld 121.6 95.5 U.S. Retail Consumer Foods Fruit spreads 90.8 104.3 U.S. Retail Consumer Foods Portion control 34.4 24.0 Other (B) Juices and beverages 33.2 33.6 U.S. Retail Consumer Foods Baking mixes and ingredients 12.4 23.2 Other (B) Shortening and oils — 77.3 U.S. Retail Consumer Foods (C) Other 76.1 67.8 Other (B) Total net sales $ 1,858.0 $ 1,971.8 (A) The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category. (B) Represents the combined International and Away From Home operating segments. (C) During 2021, the net sales within this category were related to the divested Crisco business. For more information, see Note 4: Divestitures.

Earnings per Share

Earnings per Share	3 Months Ended
	Jul. 31, 2021
Earnings Per Share [Abstract]
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 July 31, 2021 2020 Net income $ 153.9 $ 237.0 Less: Net income allocated to participating securities 0.5 1.1 Net income allocated to common stockholders $ 153.4 $ 235.9 Weighted-average common shares outstanding 108.0 113.5 Add: Dilutive effect of stock options 0.1 — Weighted-average common shares outstanding – assuming dilution 108.1 113.5 Net income per common share $ 1.42 $ 2.08 Net income per common share – assuming dilution $ 1.42 $ 2.08

Debt and Financing Arrangements

Debt and Financing Arrangements	3 Months Ended
	Jul. 31, 2021
Debt Disclosure [Abstract]
Debt and Financing Arrangements	The following table summarizes the components of our long-term debt. July 31, 2021 April 30, 2021 Principal Carrying Amount (A) Principal Carrying Amount (A) 3.50% Senior Notes due October 15, 2021 $ 750.0 $ 751.6 $ 750.0 $ 753.5 3.00% Senior Notes due March 15, 2022 — — 400.0 399.4 3.50% Senior Notes due March 15, 2025 1,000.0 997.0 1,000.0 996.8 3.38% Senior Notes due December 15, 2027 500.0 497.2 500.0 497.1 2.38% Senior Notes due March 15, 2030 500.0 495.8 500.0 495.7 4.25% Senior Notes due March 15, 2035 650.0 644.4 650.0 644.3 4.38% Senior Notes due March 15, 2045 600.0 587.2 600.0 587.1 3.55% Senior Notes due March 15, 2050 300.0 295.9 300.0 295.8 Total long-term debt $ 4,300.0 $ 4,269.1 $ 4,700.0 $ 4,669.7 Current portion of long-term debt 750.0 751.6 1,150.0 1,152.9 Total long-term debt, less current portion $ 3,550.0 $ 3,517.5 $ 3,550.0 $ 3,516.8 (A) Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts. During the first quarter of 2022, we prepaid $400.0 in principal of the Senior Notes due March 15, 2022, and as a result, we recognized a net loss on extinguishment of $6.9, which primarily consisted of a make-whole payment and was included in other income (expense) – net in the Condensed Statement of Consolidated Income. As of July 31, 2021, we had available a $1.8 billion unsecured revolving credit facility with a group of 11 banks that was scheduled to mature in September 2022. 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 not have a balance outstanding under the revolving credit facility at July 31, 2021, or April 30, 2021. Subsequent to the first quarter of 2022, we entered into an unsecured revolving credit facility with a group of 11 banks, which provides for a revolving credit line of $2.0 billion and matures in August 2026. As a result of entering into the new facility in August 2021, we terminated the $1.8 billion revolving credit facility. The new revolving credit facility includes approximately $4.0 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 new revolving credit facility bear interest on the prevailing U.S. Prime Rate, LIBOR, Euro Interbank Offered Rate, 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 have not drawn upon the $2.0 billion revolving credit facility. We participate in a commercial paper program under which we can issue short-term, unsecured commercial paper not to exceed $1.8 billion as of July 31, 2021. 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 is used as a continuing source of short-term financing for general corporate purposes. As of July 31, 2021, and April 30, 2021, we had $366.0 and $82.0 of short-term borrowings outstanding, respectively, which were both issued under our commercial paper program at a weighted-average interest rate of 0.17 percent. In conjunction with entering into the $2.0 billion unsecured revolving credit facility in August 2021, we also increased the commercial paper limit from $1.8 billion to $2.0 billion. Interest paid totaled $12.8 and $10.2 for the three months ended July 31, 2021 and 2020, respectively. This differs from interest expense due to the timing of interest payments, capitalized interest, effect of interest rate contracts, amortization of debt issuance costs and discounts, and the payment of other debt fees.

Pensions and Other Postretireme

Pensions and Other Postretirement Benefits	3 Months Ended
	Jul. 31, 2021
Retirement Benefits [Abstract]
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 July 31, Defined Benefit Pension Plans Other Postretirement Benefits 2021 2020 2021 2020 Service cost $ 0.4 $ 0.5 $ 0.3 $ 0.5 Interest cost 3.2 4.6 0.4 0.4 Expected return on plan assets (4.1) (6.1) — — Amortization of net actuarial loss (gain) 1.7 3.3 (0.1) — Amortization of prior service cost (credit) 0.2 0.2 (0.2) (0.3) Settlement loss (gain) 3.7 — — — Net periodic benefit cost $ 5.1 $ 2.5 $ 0.4 $ 0.6

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Jul. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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. Commodity Derivatives: 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, corn, soybean meal, wheat, and edible oils. 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 Derivatives: 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 Derivatives: We utilize derivative instruments to manage interest rate risk associated with anticipated debt transactions, as well as to manage changes in the fair value of our long-term debt. At the inception of an interest rate contract, the instrument is evaluated and documented for qualifying 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 net impact on earnings. The following table presents the gross notional value of outstanding derivative contracts. July 31, 2021 April 30, 2021 Commodity contracts $ 484.8 $ 861.0 Foreign currency exchange contracts 98.5 88.4 The following tables set forth the gross fair value amounts of derivative instruments recognized in the Condensed Consolidated Balance Sheets. July 31, 2021 Other Other Other Other Derivatives not designated as hedging instruments: Commodity contracts $ 41.9 $ 9.1 $ — $ — Foreign currency exchange contracts 1.1 1.1 — — Total derivative instruments $ 43.0 $ 10.2 $ — $ — April 30, 2021 Other Other Other Other Derivatives not designated as hedging instruments: Commodity contracts $ 52.6 $ 13.2 $ — $ — Foreign currency exchange contracts 0.1 3.7 — — Total derivative instruments $ 52.7 $ 16.9 $ — $ — We have elected to not offset fair value amounts recognized for our exchange-traded 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. Our cash margin accounts represented collateral pledged of $0.6 at July 31, 2021 and collateral received of $10.8 at April 30, 2021, and are 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. Cash flows associated with the settlement of derivative instruments are classified in the same line item as the cash flows of the related hedged item, which is within operating activities in the Condensed Statements of Consolidated Cash Flows. Economic Hedges 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 July 31, 2021 2020 Derivative gains (losses) on commodity contracts $ 15.8 $ 11.4 Derivative gains (losses) on foreign currency exchange contracts 1.5 (2.3) Total derivative gains (losses) recognized in cost of products sold $ 17.3 $ 9.1 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 July 31, 2021 2020 Net derivative gains (losses) recognized and classified as unallocated $ 17.3 $ 9.1 Less: Net derivative gains (losses) reclassified to segment operating profit 19.5 (7.1) Change in net cumulative unallocated derivative gains and losses $ (2.2) $ 16.2 The net cumulative unallocated derivative gains were $58.5 and $60.7 at July 31, 2021, and April 30, 2021, respectively. Cash Flow Hedges In 2020, we terminated interest rate contracts concurrent with the pricing of the Senior Notes due March 15, 2030, and March 15, 2050. They were designated as cash flow hedges and were used to manage our exposure to interest rate volatility associated with the anticipated debt financing. The termination resulted in a pre-tax loss of $239.8, which was deferred and included as a component of accumulated other comprehensive income (loss) and is being amortized as interest expense over the life of the debt. The following table presents information on the pre-tax gains and losses recognized on all contracts previously designated as cash flow hedges. Three Months Ended July 31, 2021 2020 Gains (losses) recognized in other comprehensive income (loss) $ — $ — Less: Gains (losses) reclassified from accumulated other comprehensive income (loss) to income (A) (2.9) (3.4) Change in accumulated other comprehensive income (loss) $ 2.9 $ 3.4 (A) Interest expense – net, as presented in the Condensed Statements of Consolidated Income was $43.1 and $46.1 for the three months ended July 31, 2021 and 2020, respectively, which included the reclassification of losses of $3.5 and $3.4, respectively. Other income (expense) – net, as presented in the Condensed Statement of Consolidated Income was expense of $11.1 for the three months ended July 31, 2021, which included the reclassification of a gain of $0.6 related to the debt extinguishment, as discussed in Note 7: Debt and Financing Arrangements. Included as a component of accumulated other comprehensive income (loss) at July 31, 2021, and April 30, 2021, were deferred net pre-tax losses of $224.4 and $227.3, respectively, related to the terminated interest rate contracts. The related net tax benefit recognized in accumulated other comprehensive income (loss) at July 31, 2021, and April 30, 2021, was $51.9 and $52.5, respectively. Approximately $13.6 of the net pre-tax loss will be recognized over the next 12 months related to the terminated interest rate contracts. Fair Value Hedges

Other Financial Instruments and

Other Financial Instruments and Fair Value Measurements	3 Months Ended
	Jul. 31, 2021
Fair Value Disclosures [Abstract]
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. July 31, 2021 April 30, 2021 Carrying Fair Value Carrying Fair Value Marketable securities and other investments $ 30.8 $ 30.8 $ 31.0 $ 31.0 Derivative financial instruments – net 32.8 32.8 35.8 35.8 Total long-term debt (4,269.1) (4,784.5) (4,669.7) (5,034.5) 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 Significant Significant Fair Value at July 30, 2021 Marketable securities and other investments: (A) Equity mutual funds $ 6.5 $ — $ — $ 6.5 Municipal obligations — 24.2 — 24.2 Money market funds 0.1 — — 0.1 Derivative financial instruments: (B) Commodity contracts – net 32.8 — — 32.8 Foreign currency exchange contracts – net 0.2 (0.2) — — Total long-term debt (C) (4,784.5) — — (4,784.5) Total financial instruments measured at fair value $ (4,744.9) $ 24.0 $ — $ (4,720.9) Quoted Prices in Significant Significant Fair Value at Marketable securities and other investments: (A) Equity mutual funds $ 6.3 $ — $ — $ 6.3 Municipal obligations — 24.4 — 24.4 Money market funds 0.3 — — 0.3 Derivative financial instruments: (B) Commodity contracts – net 39.4 — — 39.4 Foreign currency exchange contracts – net (0.4) (3.2) — (3.6) Total long-term debt (C) (5,034.5) — — (5,034.5) Total financial instruments measured at fair value $ (4,988.9) $ 21.2 $ — $ (4,967.7) (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 July 31, 2021, our municipal obligations are scheduled to mature as follows: $1.8 in 2022, $2.2 in 2024, $3.0 in 2025, $2.0 in 2026, and the remaining $15.2 in 2027 and beyond. We do not have any municipal obligations scheduled to mature in 2023. (B) Level 1 commodity and foreign currency exchange derivatives are valued using quoted market prices for identical instruments in active markets. Level 2 foreign currency exchange derivatives are valued using quoted prices for similar assets or liabilities in active markets. For additional information, see Note 9: Derivative Financial Instruments. (C) Long-term debt is composed of public Senior Notes, which are traded in an active secondary market and valued using quoted prices. For additional information, see Note 7: Debt and Financing Arrangements.

Leases

Leases	3 Months Ended
	Jul. 31, 2021
Leases [Abstract]
Leases	We lease certain warehouses, manufacturing facilities, office space, equipment, and vehicles, primarily through operating lease agreements. We have elected to not recognize leases with a term of 12 months or less on the balance sheet. Instead, we recognize the related lease expense on a straight-line basis over the lease term. Although the majority of our right-of-use asset and lease liability balances consist of leases with renewal options, these optional periods do not typically impact the lease term as we are not reasonably certain to exercise them. Certain leases also include termination provisions or options to purchase the leased property. Since we are not reasonably certain to exercise these types of options, minimum lease payments do not include any amounts related to these termination or purchase options. Our lease agreements generally do not contain residual value guarantees or restrictive covenants that are material. We determine if an agreement is or contains a lease at inception by evaluating whether an identified asset exists that we control over the term of the arrangement. A lease commences when the lessor makes the identified asset available for our use. We generally account for lease and non-lease components as a single lease component. Minimum lease payments do not include variable lease payments other than those that depend on an index or rate. Because the interest rate implicit in the lease cannot be readily determined for the majority of our leases, we utilize our incremental borrowing rate to present value lease payments using information available at the lease commencement date. We consider our credit rating and the current economic environment in determining this collateralized rate. The following table sets forth the right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheets. July 31, 2021 April 30, 2021 Operating lease right-of-use assets $ 133.5 $ 142.0 Operating lease liabilities: Current operating lease liabilities $ 41.2 $ 41.1 Noncurrent operating lease liabilities 103.9 112.8 Total operating lease liabilities $ 145.1 $ 153.9 Finance lease right-of-use assets: Machinery and equipment $ 9.3 $ 9.8 Accumulated depreciation (5.6) (5.5) Total property, plant, and equipment $ 3.7 $ 4.3 Finance lease liabilities: Other current liabilities $ 1.5 $ 1.8 Other noncurrent liabilities 2.2 2.5 Total finance lease liabilities $ 3.7 $ 4.3 The following table summarizes the components of lease expense. Three Months Ended July 31, 2021 2020 Operating lease cost $ 10.8 $ 11.3 Finance lease cost: Amortization of right-of-use assets 0.5 0.6 Interest on lease liabilities — 0.1 Variable lease cost 5.3 5.6 Short-term lease cost 10.8 9.0 Sublease income (0.3) (1.5) Net lease cost $ 27.1 $ 25.1 The following table sets forth cash flow and noncash information related to leases. Three Months Ended July 31, 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 11.0 $ 10.4 Operating cash flows from finance leases — — Financing cash flows from finance leases 0.7 0.9 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases 2.0 — Finance leases — 0.3 The following table summarizes the maturity of our lease liabilities by fiscal year. July 31, 2021 Operating Leases Finance Leases 2022 (remainder of the year) $ 33.4 $ 1.3 2023 41.4 1.1 2024 29.8 0.9 2025 21.3 0.5 2026 18.6 0.1 2027 and beyond 8.0 — Total undiscounted minimum lease payments $ 152.5 $ 3.9 Less: Imputed interest 7.4 0.2 Lease liabilities $ 145.1 $ 3.7 The following table sets forth the weighted average remaining lease term and discount rate. July 31, 2021 April 30, 2021 Weighted average remaining lease term (in years): Operating leases 4.2 4.4 Finance leases 3.0 3.1 Weighted average discount rate: Operating leases 2.5 % 2.5 % Finance leases 2.5 % 2.6 %

Income Taxes

Income Taxes	3 Months Ended
	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	The effective income tax rates for the three months ended July 31, 2021 and 2020, were 25.0 and 24.4 percent, respectively. During the three months ended July 31, 2021 and 2020, the effective income tax rates varied from the U.S. statutory income tax rate of 21.0 percent primarily due to the impact of state income taxes. Within the next 12 months, it is reasonably possible that we could decrease our unrecognized tax benefits by an estimated $3.3, primarily as a result of the expiration of statute of limitation periods.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Jul. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive Income (Loss) Note	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 Net Gains (Losses) on Cash Flow Hedging Derivatives (A) Pension and Other Postretirement Liabilities (B) Unrealized Accumulated Balance at May 1, 2021 $ (9.0) $ (174.8) $ (97.3) $ 3.7 $ (277.4) Reclassification adjustments — 2.9 (5.3) — (2.4) Current period credit (charge) (4.0) — 1.8 0.2 (2.0) Income tax benefit (expense) — (0.6) 0.9 (0.1) 0.2 Balance at July 31, 2021 $ (13.0) $ (172.5) $ (99.9) $ 3.8 $ (281.6) Foreign Net Gains (Losses) on Cash Flow Hedging Derivatives (A) Pension and Other Postretirement Liabilities (B) Unrealized Accumulated Balance at May 1, 2020 $ (50.5) $ (185.6) $ (146.7) $ 3.8 $ (379.0) Reclassification adjustments — 3.4 2.2 — 5.6 Current period credit (charge) 12.9 — — 1.1 14.0 Income tax benefit (expense) — (0.8) (0.5) (0.2) (1.5) Balance at July 31, 2020 $ (37.6) $ (183.0) $ (145.0) $ 4.7 $ (360.9) (A) The reclassification is composed of deferred gains (losses) related to terminated interest rate contracts. During both 2022 and 2021, the reclassification was primarily from accumulated other comprehensive income (loss) to interest expense. In addition, during the first quarter of 2022, a portion of the reclassification was to other income (expense) – net, which was driven by the prepayment of the Senior Notes due March 15, 2022. For additional information, see Note 9: Derivative Financial Instruments. (B) The reclassification from accumulated other comprehensive income (loss) to other income (expense) – net is composed of settlement charges and amortization of net losses and prior service costs. For additional information, see Note 8: Pensions and Other Postretirement Benefits.

Contingencies

Contingencies	3 Months Ended
	Jul. 31, 2021
Contingency [Abstract]
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, including certain lawsuits related to the alleged price-fixing of shelf stable tuna products prior to 2011 by a business previously owned by, but divested prior to our acquisition of, Big Heart Pet Brands, the significant majority of which were settled and paid during 2019 and 2020. While we cannot predict with certainty the ultimate results of these proceedings or potential settlements associated with these or other matters, we have accrued losses for certain contingent liabilities that we have determined are probable and reasonably estimable at July 31, 2021. Based on the information known to date, with the exception of the matters discussed below, we do not believe the final outcome of these proceedings would have a material adverse effect on our financial position, results of operations, or cash flows. In addition to the legal proceedings discussed above, we are currently a defendant in Council for Education and Research on Toxics (“CERT”) v. Brad Barry LLC, et al., which alleges that we, in addition to nearly eighty other defendants (collectively the “Defendants”) who manufacture, package, distribute, or sell packaged coffee, failed to provide warnings for our coffee products of exposure to the chemical acrylamide as required under California Health and Safety Code Section 25249.5, the California Safe Drinking Water and Toxic Enforcement Act of 1986 (better known as “Proposition 65”). CERT sought equitable relief, including warnings to consumers, as well as civil penalties in the amount of the statutory maximum of $2,500 per day per violation of Proposition 65. In addition, CERT asserted that every consumed cup of coffee, absent a compliant warning, was equivalent to a violation under Proposition 65. In June 2019, the state agency responsible for administering the Proposition 65 program, the California Office of Environmental Health Hazard Assessment (“OEHHA”), approved a regulation clarifying that cancer warnings are not required for coffee under Proposition 65, and in August 2020, the trial court granted the Defendants’ motion for summary judgment based on the regulation. CERT appealed the ruling in November 2020 to the California Court of Appeals for the Second Appellate District, which is currently pending. We are also defendants in nine pending putative class action lawsuits filed in federal courts in California, Florida, Illinois, Missouri, Texas, Washington, and Washington D.C. The plaintiffs in those actions assert claims arising under various state laws for false advertising, consumer protection, deceptive and unfair trade practices, and similar statutes. Their claims are premised on allegations that we have misrepresented the number of servings that can be made from various canisters of Folgers coffee on the packaging for those products. Five of the lawsuits have been transferred to the United States District Court for the Western District of Missouri for coordinated pre-trial proceedings. Similar claims have been asserted against certain retailers of our Folgers coffee products, and indemnity claims have been asserted by such retailers against us. Various other potential plaintiffs have threatened to assert similar claims against us. The outcome and the financial impact of these cases, if any, cannot be predicted at this time. Accordingly, no loss contingency has been recorded for these matters as of July 31, 2021, and the likelihood of loss is not considered probable or estimable. However, if we are required to pay significant damages, our business and financial results could be adversely impacted, and sales of those products could suffer not only in these locations but elsewhere.

Common Shares

Common Shares	3 Months Ended
	Jul. 31, 2021
Stockholders' Equity Note [Abstract]
Common Shares	The following table sets forth common share information. July 31, 2021 April 30, 2021 Common shares authorized 300.0 300.0 Common shares outstanding 108.4 108.3 Treasury shares 38.1 38.2 Repurchase Program: At July 31, 2021, approximately 2.8 million common shares remain available for repurchase pursuant to the Board’s authorizations. During the three months ended July 31, 2021 and 2020, we did not repurchase any common shares under a repurchase plan authorized by the Board. The shares repurchased during the three months ended July 31, 2021 and 2020, consisted of shares repurchased from stock plan recipients in lieu of cash payments.

Recently Issued Accounting St_2

Recently Issued Accounting Standards (Policies)	3 Months Ended
	Jul. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	In November 2020, the U.S. Securities and Exchange Commission (the “SEC”) adopted the final rule under SEC Release No. 33-10890, Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information, to modernize and simplify Management’s Discussion and Analysis and certain financial disclosure requirements. These updates are part of the SEC’s broader disclosure effectiveness initiative and reflect a principles-based, registrant-specific approach to disclosures, intended to improve the content and simplify compliance for registrants. During 2021, we early adopted certain updates to section 301, Selected Financial Data , and 302, Supplementary Financial Information . As required, we will complete the adoption of the remaining amendments during 2022 and do not anticipate that the adoption of these amendments will have a material impact on our financial statements and disclosures. In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes , which removes certain exceptions for investments, intraperiod allocations and interim calculations, and adds guidance to reduce complexity in accounting for income taxes. ASU 2019-12 was effective for us on May 1, 2021. The accounting guidance for franchise taxes and foreign investments was adopted on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of 2022. All other applicable provisions were adopted on a prospective basis, as required by ASU 2019-12. The adoption of this ASU did not have a material impact on our financial statements and disclosures.

Integration and Restructuring_2

Integration and Restructuring Costs (Tables)	3 Months Ended
	Jul. 31, 2021
Restructuring and Related Activities [Abstract]
Restructuring costs incurred	The following table summarizes our restructuring costs incurred related to the restructuring program. Three Months Ended July 31, 2021 Total Costs Incurred to Date at July 31, 2021 Employee-related costs $ 1.3 $ 18.6 Other transition and termination costs 5.1 11.9 Total restructuring costs $ 6.4 $ 30.5

Reportable Segments (Tables)

Reportable Segments (Tables)	3 Months Ended
	Jul. 31, 2021
Segment Reporting [Abstract]
Income by segment	The following table reconciles segment profit to income before income taxes. Three Months Ended July 31, 2021 2020 Net sales: U.S. Retail Pet Foods $ 648.0 $ 692.6 U.S. Retail Coffee 543.2 570.9 U.S. Retail Consumer Foods 435.6 489.2 International and Away From Home 231.2 219.1 Total net sales $ 1,858.0 $ 1,971.8 Segment profit: U.S. Retail Pet Foods $ 79.9 $ 125.3 U.S. Retail Coffee 151.3 182.6 U.S. Retail Consumer Foods 118.7 131.5 International and Away From Home 32.9 30.9 Total segment profit $ 382.8 $ 470.3 Amortization (55.4) (59.6) Interest expense – net (43.1) (46.1) Change in net cumulative unallocated derivative gains and losses (2.2) 16.2 Cost of products sold – special project costs (A) (4.6) — Other special project costs (A) (1.8) — Corporate administrative expenses (59.4) (65.8) Other income (expense) – net (11.1) (1.4) Income before income taxes $ 205.2 $ 313.6 (A) Special project costs include divestiture, acquisition, integration, and restructuring costs, which are recognized in cost of products sold and other special project costs in the Condensed Statement of Consolidated Income. For more information, see Note 3: Integration and Restructuring Costs.
Geographical information	The following table presents certain geographical information. Three Months Ended July 31, 2021 2020 Net sales: United States $ 1,733.2 $ 1,829.7 International: Canada $ 102.1 $ 108.2 All other international 22.7 33.9 Total international $ 124.8 $ 142.1 Total net sales $ 1,858.0 $ 1,971.8
Product category information	The following table presents product category information. Three Months Ended July 31, 2021 2020 Primary Reportable Segment (A) Coffee $ 613.1 $ 635.7 U.S. Retail Coffee Dog food 228.3 277.7 U.S. Retail Pet Foods Cat food 221.0 220.0 U.S. Retail Pet Foods Pet snacks 215.8 212.8 U.S. Retail Pet Foods Peanut butter 211.3 199.9 U.S. Retail Consumer Foods Frozen handheld 121.6 95.5 U.S. Retail Consumer Foods Fruit spreads 90.8 104.3 U.S. Retail Consumer Foods Portion control 34.4 24.0 Other (B) Juices and beverages 33.2 33.6 U.S. Retail Consumer Foods Baking mixes and ingredients 12.4 23.2 Other (B) Shortening and oils — 77.3 U.S. Retail Consumer Foods (C) Other 76.1 67.8 Other (B) Total net sales $ 1,858.0 $ 1,971.8 (A) The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category. (B) Represents the combined International and Away From Home operating segments. (C) During 2021, the net sales within this category were related to the divested Crisco business. For more information, see Note 4: Divestitures.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Jul. 31, 2021
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 July 31, 2021 2020 Net income $ 153.9 $ 237.0 Less: Net income allocated to participating securities 0.5 1.1 Net income allocated to common stockholders $ 153.4 $ 235.9 Weighted-average common shares outstanding 108.0 113.5 Add: Dilutive effect of stock options 0.1 — Weighted-average common shares outstanding – assuming dilution 108.1 113.5 Net income per common share $ 1.42 $ 2.08 Net income per common share – assuming dilution $ 1.42 $ 2.08

Debt and Financing Arrangemen_2

Debt and Financing Arrangements (Tables)	3 Months Ended
	Jul. 31, 2021
Debt Disclosure [Abstract]
Long-term debt	The following table summarizes the components of our long-term debt. July 31, 2021 April 30, 2021 Principal Carrying Amount (A) Principal Carrying Amount (A) 3.50% Senior Notes due October 15, 2021 $ 750.0 $ 751.6 $ 750.0 $ 753.5 3.00% Senior Notes due March 15, 2022 — — 400.0 399.4 3.50% Senior Notes due March 15, 2025 1,000.0 997.0 1,000.0 996.8 3.38% Senior Notes due December 15, 2027 500.0 497.2 500.0 497.1 2.38% Senior Notes due March 15, 2030 500.0 495.8 500.0 495.7 4.25% Senior Notes due March 15, 2035 650.0 644.4 650.0 644.3 4.38% Senior Notes due March 15, 2045 600.0 587.2 600.0 587.1 3.55% Senior Notes due March 15, 2050 300.0 295.9 300.0 295.8 Total long-term debt $ 4,300.0 $ 4,269.1 $ 4,700.0 $ 4,669.7 Current portion of long-term debt 750.0 751.6 1,150.0 1,152.9 Total long-term debt, less current portion $ 3,550.0 $ 3,517.5 $ 3,550.0 $ 3,516.8 (A) Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.

Pensions and Other Postretire_2

Pensions and Other Postretirement Benefits (Tables)	3 Months Ended
	Jul. 31, 2021
Retirement Benefits [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 July 31, Defined Benefit Pension Plans Other Postretirement Benefits 2021 2020 2021 2020 Service cost $ 0.4 $ 0.5 $ 0.3 $ 0.5 Interest cost 3.2 4.6 0.4 0.4 Expected return on plan assets (4.1) (6.1) — — Amortization of net actuarial loss (gain) 1.7 3.3 (0.1) — Amortization of prior service cost (credit) 0.2 0.2 (0.2) (0.3) Settlement loss (gain) 3.7 — — — Net periodic benefit cost $ 5.1 $ 2.5 $ 0.4 $ 0.6

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Jul. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding derivative contracts	The following table presents the gross notional value of outstanding derivative contracts. July 31, 2021 April 30, 2021 Commodity contracts $ 484.8 $ 861.0 Foreign currency exchange contracts 98.5 88.4
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. July 31, 2021 Other Other Other Other Derivatives not designated as hedging instruments: Commodity contracts $ 41.9 $ 9.1 $ — $ — Foreign currency exchange contracts 1.1 1.1 — — Total derivative instruments $ 43.0 $ 10.2 $ — $ — April 30, 2021 Other Other Other Other Derivatives not designated as hedging instruments: Commodity contracts $ 52.6 $ 13.2 $ — $ — Foreign currency exchange contracts 0.1 3.7 — — Total derivative instruments $ 52.7 $ 16.9 $ — $ —
Net gains and losses recognized in costs of products sold on derivatives not designated as 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 July 31, 2021 2020 Derivative gains (losses) on commodity contracts $ 15.8 $ 11.4 Derivative gains (losses) on foreign currency exchange contracts 1.5 (2.3) Total derivative gains (losses) recognized in cost of products sold $ 17.3 $ 9.1
Schedule of net cumulative unallocated derivative gains (losses)	The following table presents the activity in unallocated derivative gains and losses. Three Months Ended July 31, 2021 2020 Net derivative gains (losses) recognized and classified as unallocated $ 17.3 $ 9.1 Less: Net derivative gains (losses) reclassified to segment operating profit 19.5 (7.1) Change in net cumulative unallocated derivative gains and losses $ (2.2) $ 16.2
Pre-tax gains and losses recognized on all contracts previously designated as cash flow hedges	The following table presents information on the pre-tax gains and losses recognized on all contracts previously designated as cash flow hedges. Three Months Ended July 31, 2021 2020 Gains (losses) recognized in other comprehensive income (loss) $ — $ — Less: Gains (losses) reclassified from accumulated other comprehensive income (loss) to income (A) (2.9) (3.4) Change in accumulated other comprehensive income (loss) $ 2.9 $ 3.4 (A) Interest expense – net, as presented in the Condensed Statements of Consolidated Income was $43.1 and $46.1 for the three months ended July 31, 2021 and 2020, respectively, which included the reclassification of losses of $3.5 and $3.4, respectively. Other income (expense) – net, as presented in the Condensed Statement of Consolidated Income was expense of $11.1 for the three months ended July 31, 2021, which included the reclassification of a gain of $0.6 related to the debt extinguishment, as discussed in Note 7: Debt and Financing Arrangements.

Other Financial Instruments a_2

Other Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Jul. 31, 2021
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. July 31, 2021 April 30, 2021 Carrying Fair Value Carrying Fair Value Marketable securities and other investments $ 30.8 $ 30.8 $ 31.0 $ 31.0 Derivative financial instruments – net 32.8 32.8 35.8 35.8 Total long-term debt (4,269.1) (4,784.5) (4,669.7) (5,034.5)
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 Significant Significant Fair Value at July 30, 2021 Marketable securities and other investments: (A) Equity mutual funds $ 6.5 $ — $ — $ 6.5 Municipal obligations — 24.2 — 24.2 Money market funds 0.1 — — 0.1 Derivative financial instruments: (B) Commodity contracts – net 32.8 — — 32.8 Foreign currency exchange contracts – net 0.2 (0.2) — — Total long-term debt (C) (4,784.5) — — (4,784.5) Total financial instruments measured at fair value $ (4,744.9) $ 24.0 $ — $ (4,720.9) Quoted Prices in Significant Significant Fair Value at Marketable securities and other investments: (A) Equity mutual funds $ 6.3 $ — $ — $ 6.3 Municipal obligations — 24.4 — 24.4 Money market funds 0.3 — — 0.3 Derivative financial instruments: (B) Commodity contracts – net 39.4 — — 39.4 Foreign currency exchange contracts – net (0.4) (3.2) — (3.6) Total long-term debt (C) (5,034.5) — — (5,034.5) Total financial instruments measured at fair value $ (4,988.9) $ 21.2 $ — $ (4,967.7) (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 July 31, 2021, our municipal obligations are scheduled to mature as follows: $1.8 in 2022, $2.2 in 2024, $3.0 in 2025, $2.0 in 2026, and the remaining $15.2 in 2027 and beyond. We do not have any municipal obligations scheduled to mature in 2023. (B) Level 1 commodity and foreign currency exchange derivatives are valued using quoted market prices for identical instruments in active markets. Level 2 foreign currency exchange derivatives are valued using quoted prices for similar assets or liabilities in active markets. For additional information, see Note 9: Derivative Financial Instruments. (C) Long-term debt is composed of public Senior Notes, which are traded in an active secondary market and valued using quoted prices. For additional information, see Note 7: Debt and Financing Arrangements.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jul. 31, 2021
Leases [Abstract]
Right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheet	The following table sets forth the right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheets. July 31, 2021 April 30, 2021 Operating lease right-of-use assets $ 133.5 $ 142.0 Operating lease liabilities: Current operating lease liabilities $ 41.2 $ 41.1 Noncurrent operating lease liabilities 103.9 112.8 Total operating lease liabilities $ 145.1 $ 153.9 Finance lease right-of-use assets: Machinery and equipment $ 9.3 $ 9.8 Accumulated depreciation (5.6) (5.5) Total property, plant, and equipment $ 3.7 $ 4.3 Finance lease liabilities: Other current liabilities $ 1.5 $ 1.8 Other noncurrent liabilities 2.2 2.5 Total finance lease liabilities $ 3.7 $ 4.3
Components of lease expense	The following table summarizes the components of lease expense. Three Months Ended July 31, 2021 2020 Operating lease cost $ 10.8 $ 11.3 Finance lease cost: Amortization of right-of-use assets 0.5 0.6 Interest on lease liabilities — 0.1 Variable lease cost 5.3 5.6 Short-term lease cost 10.8 9.0 Sublease income (0.3) (1.5) Net lease cost $ 27.1 $ 25.1
Cash flow and noncash information related to leases	The following table sets forth cash flow and noncash information related to leases. Three Months Ended July 31, 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 11.0 $ 10.4 Operating cash flows from finance leases — — Financing cash flows from finance leases 0.7 0.9 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases 2.0 — Finance leases — 0.3
Maturity of operating lease liabilities by fiscal year	The following table summarizes the maturity of our lease liabilities by fiscal year. July 31, 2021 Operating Leases Finance Leases 2022 (remainder of the year) $ 33.4 $ 1.3 2023 41.4 1.1 2024 29.8 0.9 2025 21.3 0.5 2026 18.6 0.1 2027 and beyond 8.0 — Total undiscounted minimum lease payments $ 152.5 $ 3.9 Less: Imputed interest 7.4 0.2 Lease liabilities $ 145.1 $ 3.7
Maturity of finance lease liabilities by fiscal year	The following table summarizes the maturity of our lease liabilities by fiscal year. July 31, 2021 Operating Leases Finance Leases 2022 (remainder of the year) $ 33.4 $ 1.3 2023 41.4 1.1 2024 29.8 0.9 2025 21.3 0.5 2026 18.6 0.1 2027 and beyond 8.0 — Total undiscounted minimum lease payments $ 152.5 $ 3.9 Less: Imputed interest 7.4 0.2 Lease liabilities $ 145.1 $ 3.7
Weighted average remaining lease tern and discount rate	The following table sets forth the weighted average remaining lease term and discount rate. July 31, 2021 April 30, 2021 Weighted average remaining lease term (in years): Operating leases 4.2 4.4 Finance leases 3.0 3.1 Weighted average discount rate: Operating leases 2.5 % 2.5 % Finance leases 2.5 % 2.6 %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Jul. 31, 2021
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 Net Gains (Losses) on Cash Flow Hedging Derivatives (A) Pension and Other Postretirement Liabilities (B) Unrealized Accumulated Balance at May 1, 2021 $ (9.0) $ (174.8) $ (97.3) $ 3.7 $ (277.4) Reclassification adjustments — 2.9 (5.3) — (2.4) Current period credit (charge) (4.0) — 1.8 0.2 (2.0) Income tax benefit (expense) — (0.6) 0.9 (0.1) 0.2 Balance at July 31, 2021 $ (13.0) $ (172.5) $ (99.9) $ 3.8 $ (281.6) Foreign Net Gains (Losses) on Cash Flow Hedging Derivatives (A) Pension and Other Postretirement Liabilities (B) Unrealized Accumulated Balance at May 1, 2020 $ (50.5) $ (185.6) $ (146.7) $ 3.8 $ (379.0) Reclassification adjustments — 3.4 2.2 — 5.6 Current period credit (charge) 12.9 — — 1.1 14.0 Income tax benefit (expense) — (0.8) (0.5) (0.2) (1.5) Balance at July 31, 2020 $ (37.6) $ (183.0) $ (145.0) $ 4.7 $ (360.9) (A) The reclassification is composed of deferred gains (losses) related to terminated interest rate contracts. During both 2022 and 2021, the reclassification was primarily from accumulated other comprehensive income (loss) to interest expense. In addition, during the first quarter of 2022, a portion of the reclassification was to other income (expense) – net, which was driven by the prepayment of the Senior Notes due March 15, 2022. For additional information, see Note 9: Derivative Financial Instruments. (B) The reclassification from accumulated other comprehensive income (loss) to other income (expense) – net is composed of settlement charges and amortization of net losses and prior service costs. For additional information, see Note 8: Pensions and Other Postretirement Benefits.

Common Shares (Tables)

Common Shares (Tables)	3 Months Ended
	Jul. 31, 2021
Stockholders' Equity Note [Abstract]
Common shares information	The following table sets forth common share information. July 31, 2021 April 30, 2021 Common shares authorized 300.0 300.0 Common shares outstanding 108.4 108.3 Treasury shares 38.1 38.2

Integration and Restructuring_3

Integration and Restructuring Costs (Details) - 2021 Restructuring Program - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	$ 85
Restructuring and Related Cost, Cost Incurred to Date	30.5
Restructuring and Related Cost, Incurred Cost	6.4	$ 0
Restructuring and Related Cost, Noncash Charge Incurred to Date	7.7
Restructuring and Related Cost, Incurred Noncash Charge	3.3
Employee-related costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	18.6
Restructuring and Related Cost, Incurred Cost	1.3
Restructuring Reserve	3.8		$ 14.6
Other transition and termination costs
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	11.9
Restructuring and Related Cost, Incurred Cost	$ 5.1

Divestitures (Details)

Divestitures (Details) $ in Millions	12 Months Ended
	Apr. 30, 2021USD ($)	Dec. 01, 2020Position
Crisco Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Number of Employees | Position		160
Proceeds from divestitures - net	$ 530.2
Pre-tax Gain (loss) on divestitures	114.8
Crisco Business [Member] | U.S. Retail Consumer Foods [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Annual net sales	198.9
Natural Balance Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestitures - net	33.8
Pre-tax Gain (loss) on divestitures	(89.5)
Natural Balance Business [Member] | U.S. Retail Pet Foods [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Annual net sales	$ 156.7

Reportable Segments (Details)

Reportable Segments (Details) - USD ($) $ in Millions		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
Net sales:
Net sales		$ 1,858	$ 1,971.8
Segment profit:
Segment profit		382.8	470.3
Amortization		(55.4)	(59.6)
Interest expense – net		(43.1)	(46.1)
Change in net cumulative unallocated derivative gains and losses		(2.2)	16.2
Costs of products sold - special project costs (A)	[1]	(4.6)	0
Other special project costs (A)	[1],[2]	(1.8)	0
Corporate administrative expenses		(59.4)	(65.8)
Other income (expense) – net		(11.1)	(1.4)
Income Before Income Taxes		205.2	313.6
U.S. Retail Pet Foods [Member]
Net sales:
Net sales		648	692.6
Segment profit:
Segment profit		79.9	125.3
U.S. Retail Coffee [Member]
Net sales:
Net sales		543.2	570.9
Segment profit:
Segment profit		151.3	182.6
U.S. Retail Consumer Foods [Member]
Net sales:
Net sales		435.6	489.2
Segment profit:
Segment profit		118.7	131.5
International and Away From Home
Net sales:
Net sales		231.2	219.1
Segment profit:
Segment profit		$ 32.9	$ 30.9
[1]	Special project costs include divestiture, acquisition, integration, and restructuring costs, which are recognized in cost of products sold and other special project costs in the Condensed Statement of Consolidated Income. For more information, see Note 3: Integration and Restructuring Costs.
[2]	Special project costs include divestiture, acquisition, integration, and restructuring costs, which are recognized in cost of products sold and other special project costs. For more information, see Note 3: Integration and Restructuring Costs and Note 5: Reportable Segments.

Reportable Segments (Details 1)

Reportable Segments (Details 1) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Geographical information [Line Items]
Net sales	$ 1,858	$ 1,971.8
United States
Geographical information [Line Items]
Net sales	1,733.2	1,829.7
Total international
Geographical information [Line Items]
Net sales	124.8	142.1
Canada
Geographical information [Line Items]
Net sales	102.1	108.2
All other international
Geographical information [Line Items]
Net sales	$ 22.7	$ 33.9

Reportable Segments (Details 2)

Reportable Segments (Details 2) - USD ($) $ in Millions		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
Product category information [Line Items]
Net sales		$ 1,858	$ 1,971.8
Percent of product sales attributable to primary reportable segment		75.00%
U.S. Retail Coffee [Member]
Product category information [Line Items]
Net sales		$ 543.2	570.9
U.S. Retail Coffee [Member] | Coffee [Member]
Product category information [Line Items]
Net sales	[1]	613.1	635.7
U.S. Retail Pet Foods [Member]
Product category information [Line Items]
Net sales		648	692.6
U.S. Retail Pet Foods [Member] | Dog food [Member]
Product category information [Line Items]
Net sales	[1]	228.3	277.7
U.S. Retail Pet Foods [Member] | Cat food [Member]
Product category information [Line Items]
Net sales	[1]	221	220
U.S. Retail Pet Foods [Member] | Pet snacks [Member]
Product category information [Line Items]
Net sales	[1]	215.8	212.8
U.S. Retail Consumer Foods [Member]
Product category information [Line Items]
Net sales		435.6	489.2
U.S. Retail Consumer Foods [Member] | Peanut butter [Member]
Product category information [Line Items]
Net sales	[1]	211.3	199.9
U.S. Retail Consumer Foods [Member] | Frozen handheld [Member]
Product category information [Line Items]
Net sales	[1]	121.6	95.5
U.S. Retail Consumer Foods [Member] | Fruit spreads [Member]
Product category information [Line Items]
Net sales	[1]	90.8	104.3
U.S. Retail Consumer Foods [Member] | Juices and beverages [Member]
Product category information [Line Items]
Net sales	[1]	33.2	33.6
U.S. Retail Consumer Foods [Member] | Shortening and oils [Member]
Product category information [Line Items]
Net sales	[1],[2]	0	77.3
Other
Product category information [Line Items]
Net sales		231.2	219.1
Other | Portion control [Member]
Product category information [Line Items]
Net sales	[1],[3]	34.4	24
Other | Baking mixes and ingredients [Member]
Product category information [Line Items]
Net sales	[1],[3]	12.4	23.2
Other | Other [Member]
Product category information [Line Items]
Net sales	[1],[3]	$ 76.1	$ 67.8
[1]	The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category.
[2]	During 2021, the net sales within this category were related to the divested Crisco business. For more information, see Note 4: Divestitures.
[3]	Represents the combined International and Away From Home operating segments.

Reportable Segments (Details Te

Reportable Segments (Details Textual)	3 Months Ended
	Jul. 31, 2021SegmentIndustry
Segment Reporting [Abstract]
Number of industries in which Company operates | Industry	1
Number of reportable segments | Segment	3

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Earnings Per Share [Abstract]
Net income	$ 153.9	$ 237
Less: Net income allocated to participating securities	0.5	1.1
Net income allocated to common stockholders	$ 153.4	$ 235.9
Weighted-average common shares outstanding (in shares)	108	113.5
Add: Dilutive effect of stock options (in shares)	0.1	0
Weighted-average common shares outstanding - assuming dilution (in shares)	108.1	113.5
Net income per common share (in dollars per share)	$ 1.42	$ 2.08
Net Income - Assuming Dilution (in dollars per share)	$ 1.42	$ 2.08

Debt and Financing Arrangemen_3

Debt and Financing Arrangements (Details) - USD ($)		Jul. 31, 2021	Apr. 30, 2021
Long-term debt
Debt instrument face amount		$ 4,300,000,000	$ 4,700,000,000
Total long-term debt	[1]	4,269,100,000	4,669,700,000
Current portion of long-term debt	[1]	751,600,000	1,152,900,000
Long-term debt, less current portion	[1]	$ 3,517,500,000	$ 3,516,800,000
3.50% Senior Notes due October 15, 2021
Long-term debt
Interest rate on notes		3.50%	3.50%
Debt instrument face amount		$ 750,000,000	$ 750,000,000
Senior Notes	[1]	$ 751,600,000	$ 753,500,000
3.00% Senior Notes due March 15, 2022
Long-term debt
Interest rate on notes		3.00%	3.00%
Debt instrument face amount		$ 0	$ 400,000,000
Senior Notes	[1]	$ 0	$ 399,400,000
3.50% Senior Notes due March 15, 2025
Long-term debt
Interest rate on notes		3.50%	3.50%
Debt instrument face amount		$ 1,000,000,000	$ 1,000,000,000
Senior Notes	[1]	$ 997,000,000	$ 996,800,000
3.38% Senior Notes due December 15, 2027
Long-term debt
Interest rate on notes		3.38%	3.38%
Debt instrument face amount		$ 500,000,000	$ 500,000,000
Senior Notes	[1]	$ 497,200,000	$ 497,100,000
2.38 % Senior Notes due March 15, 2030
Long-term debt
Interest rate on notes		2.38%	2.38%
Debt instrument face amount		$ 500,000,000	$ 500,000,000
Senior Notes	[1]	$ 495,800,000	$ 495,700,000
4.25% Senior Notes due March 15, 2035
Long-term debt
Interest rate on notes		4.25%	4.25%
Debt instrument face amount		$ 650,000,000	$ 650,000,000
Senior Notes	[1]	$ 644,400,000	$ 644,300,000
4.38% Senior Notes due March 15, 2045
Long-term debt
Interest rate on notes		4.38%	4.38%
Debt instrument face amount		$ 600,000,000	$ 600,000,000
Senior Notes	[1]	$ 587,200,000	$ 587,100,000
3.55% Senior Notes due March 15, 2050
Long-term debt
Interest rate on notes		3.55%	3.55%
Debt instrument face amount		$ 300,000,000	$ 300,000,000
Senior Notes	[1]	295,900,000	295,800,000
Current portion of long term debt
Long-term debt
Debt instrument face amount		750,000,000	1,150,000,000
Total long term debt, less current portion
Long-term debt
Debt instrument face amount		$ 3,550,000,000	$ 3,550,000,000
[1]	Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.

Debt and Financing Arrangemen_4

Debt and Financing Arrangements (Details Textual)	3 Months Ended
	Jul. 31, 2021USD ($)Bank	Jul. 31, 2020USD ($)	Aug. 26, 2021USD ($)	Aug. 19, 2021USD ($)Bank	Apr. 30, 2021USD ($)
Debt and Financing Arrangements (Textual) [Abstract]
Repayments of long-term debt	$ 407,000,000	$ 300,000,000
Short-term borrowings	366,000,000				$ 82,000,000
Interest paid	12,800,000	$ 10,200,000
Revolving Credit Facility [Member]
Debt and Financing Arrangements (Textual) [Abstract]
Revolving credit facility maximum borrowing capacity	$ 1,800,000,000
Number of banks | Bank	11
Outstanding balance under revolving credit facility	$ 0				0
Revolving Credit Facility [Member] | Subsequent Event
Debt and Financing Arrangements (Textual) [Abstract]
Revolving credit facility maximum borrowing capacity				$ 2,000,000,000
Number of banks | Bank				11
Debt issuance costs				$ 4,000,000
Outstanding balance under revolving credit facility			$ 0
3.00% Senior Notes due March 15, 2022
Debt and Financing Arrangements (Textual) [Abstract]
Repayments of long-term debt	400,000,000
3.00% Senior Notes due March 15, 2022 | Other Nonoperating Income (Expense)
Debt and Financing Arrangements (Textual) [Abstract]
Gain (Loss) on Extinguishment of Debt	(6,900,000)
Commercial Paper [Member]
Debt and Financing Arrangements (Textual) [Abstract]
Commercial paper, borrowing capacity	1,800,000,000
Short-term borrowings	$ 366,000,000				$ 82,000,000
Commercial paper weighted-average interest rate	0.17%				0.17%
Commercial Paper [Member] | Subsequent Event
Debt and Financing Arrangements (Textual) [Abstract]
Commercial paper, borrowing capacity				$ 2,000,000,000

Pensions and Other Postretire_3

Pensions and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Components of net periodic benefit cost
Settlement loss (gain)	$ 3.7	$ 0
Defined Benefit Pension Plans
Components of net periodic benefit cost
Service cost	0.4	0.5
Interest cost	3.2	4.6
Expected return on plan assets	(4.1)	(6.1)
Amortization of net actuarial loss (gain)	1.7	3.3
Amortization of prior service cost (credit)	0.2	0.2
Settlement loss (gain)	3.7	0
Net periodic benefit cost	5.1	2.5
Other Postretirement Benefits
Components of net periodic benefit cost
Service cost	0.3	0.5
Interest cost	0.4	0.4
Expected return on plan assets	0	0
Amortization of net actuarial loss (gain)	(0.1)	0
Amortization of prior service cost (credit)	(0.2)	(0.3)
Settlement loss (gain)	0	0
Net periodic benefit cost	$ 0.4	$ 0.6

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Millions	Jul. 31, 2021	Apr. 30, 2021
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gross notional amount	$ 484.8	$ 861
Foreign currency exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gross notional amount	$ 98.5	$ 88.4

Derivative Financial Instrume_4

Derivative Financial Instruments (Details 1) - USD ($) $ in Millions	Jul. 31, 2021	Apr. 30, 2021
Other Current Assets [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	$ 43	$ 52.7
Other Current Liabilities [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	10.2	16.9
Other Noncurrent Assets [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	0	0
Other Noncurrent Liabilities [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	0	0
Commodity contracts | Other Current Assets [Member] | Not designated as hedging instruments [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	41.9	52.6
Commodity contracts | Other Current Liabilities [Member] | Not designated as hedging instruments [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	9.1	13.2
Commodity contracts | Other Noncurrent Assets [Member] | Not designated as hedging instruments [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	0	0
Commodity contracts | Other Noncurrent Liabilities [Member] | Not designated as hedging instruments [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	0	0
Foreign currency exchange contracts | Other Current Assets [Member] | Not designated as hedging instruments [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	1.1	0.1
Foreign currency exchange contracts | Other Current Liabilities [Member] | Not designated as hedging instruments [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	1.1	3.7
Foreign currency exchange contracts | Other Noncurrent Assets [Member] | Not designated as hedging instruments [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Assets	0	0
Foreign currency exchange contracts | Other Noncurrent Liabilities [Member] | Not designated as hedging instruments [Member]
Fair value of derivative instruments [Line Items]
Derivatives Instruments, Liabilities	$ 0	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments
Total derivative gains (losses) recognized in costs of products sold	$ 17.3	$ 9.1
Commodity contracts
Gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments
Total derivative gains (losses) recognized in costs of products sold	15.8	11.4
Foreign currency exchange contracts
Gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments
Total derivative gains (losses) recognized in costs of products sold	$ 1.5	$ (2.3)

Derivative Financial Instrume_6

Derivative Financial Instruments (Details 3) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Price Risk Derivatives [Abstract]
Net derivative gains (losses) recognized and classified as unallocated	$ 17.3	$ 9.1
Less: Net derivatives gains (losses) reclassified to segment operating profit	19.5	(7.1)
Change in net cumulative unallocated derivative gains and losses	$ (2.2)	$ 16.2

Derivative Financial Instrume_7

Derivative Financial Instruments (Details 4) - Cash Flow Hedging [Member] - USD ($) $ in Millions		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in other comprehensive income (loss)		$ 0	$ 0
Gains (losses) reclassified from accumulated other comprehensive income (loss) to income	[1]	(2.9)	(3.4)
Change in accumulated other comprehensive income (loss)		$ 2.9	$ 3.4
[1]	Interest expense – net, as presented in the Condensed Statements of Consolidated Income was $43.1 and $46.1 for the three months ended July 31, 2021 and 2020, respectively, which included the reclassification of losses of $3.5 and $3.4, respectively. Other income (expense) – net, as presented in the Condensed Statement of Consolidated Income was expense of $11.1 for the three months ended July 31, 2021, which included the reclassification of a gain of $0.6 related to the debt extinguishment, as discussed in Note 7: Debt and Financing Arrangements.

Derivative Financial Instrume_8

Derivative Financial Instruments (Details Textual) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2015
Derivative Financial Instruments (Textual) [Abstract]
Collateral pledged		$ 0.6
Collateral received				$ 10.8
Cumulative net mark-to-market valuation of certain derivative positions recognized in unallocated derivative gains (losses)		58.5		60.7
Interest expense – net		(43.1)	$ (46.1)
Other income (expense) – net		(11.1)	(1.4)
Cash Flow Hedging [Member]
Derivative Financial Instruments (Textual) [Abstract]
Reclassification gain (loss)	[1]	(2.9)	(3.4)
Cash Flow Hedging [Member] | Interest Expense [Member]
Derivative Financial Instruments (Textual) [Abstract]
Reclassification gain (loss)		(3.5)	(3.4)
Cash Flow Hedging [Member] | Other Nonoperating Income (Expense)
Derivative Financial Instruments (Textual) [Abstract]
Reclassification gain (loss)		$ 0.6
Commodity contracts
Derivative Financial Instruments (Textual) [Abstract]
Derivative instrument maturity		1 year
Foreign currency exchange contracts
Derivative Financial Instruments (Textual) [Abstract]
Derivative instrument maturity		1 year
Interest rate contracts
Derivative Financial Instruments (Textual) [Abstract]
Deferred pre-tax net gain (loss) included in accumulated other comprehensive loss					$ (239.8)
Deferred Gain (Loss) on Cash Flow Hedges Included in Accumulated Other Comprehensive Income or Loss		$ (224.4)		(227.3)
Tax impact related to deferred losses and gains on cash flow hedges included in accumulated other comprehensive loss		51.9		$ 52.5
Effective portion of the hedge loss reclassified to interest expense over the next twelve months		(13.6)
Interest rate swap | Fair Value Hedging [Member]
Derivative Financial Instruments (Textual) [Abstract]
Amortization of deferred gain on early termination agreement		2.1	$ 2.2
2022 [Member] | Fair Value Hedging [Member]
Derivative Financial Instruments (Textual) [Abstract]
Amortization of deferred gain on early termination agreement		1.9
Total Through Q1 2022 | Fair Value Hedging [Member]
Derivative Financial Instruments (Textual) [Abstract]
Amortization of deferred gain on early termination agreement		$ 51.6
Cash [Member] | Interest rate swap | Fair Value Hedging [Member]
Derivative Financial Instruments (Textual) [Abstract]
Gain (loss) on early termination agreement						$ 58.1
Accrued and Prepaid Interest, Net [Member] | Interest rate swap | Fair Value Hedging [Member]
Derivative Financial Instruments (Textual) [Abstract]
Gain (loss) on early termination agreement						$ 4.6
[1]	Interest expense – net, as presented in the Condensed Statements of Consolidated Income was $43.1 and $46.1 for the three months ended July 31, 2021 and 2020, respectively, which included the reclassification of losses of $3.5 and $3.4, respectively. Other income (expense) – net, as presented in the Condensed Statement of Consolidated Income was expense of $11.1 for the three months ended July 31, 2021, which included the reclassification of a gain of $0.6 related to the debt extinguishment, as discussed in Note 7: Debt and Financing Arrangements.

Other Financial Instruments a_3

Other Financial Instruments and Fair Value Measurements (Details) - USD ($) $ in Millions		Jul. 31, 2021	Apr. 30, 2021
Carrying amount and fair value of financial instruments
Total long-term debt	[1]	$ (4,269.1)	$ (4,669.7)
Carrying Amount [Member]
Carrying amount and fair value of financial instruments
Marketable securities and other investments		30.8	31
Derivative financial instruments – net		32.8	35.8
Total long-term debt		(4,269.1)	(4,669.7)
Fair Value [Member]
Carrying amount and fair value of financial instruments
Marketable securities and other investments		30.8	31
Derivative financial instruments – net		32.8	35.8
Total long-term debt		$ (4,784.5)	$ (5,034.5)
[1]	Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.

Other Financial Instruments a_4

Other Financial Instruments and Fair Value Measurements (Details 1) - Fair value measurements recurring [Member] - USD ($) $ in Millions		Jul. 31, 2021	Apr. 30, 2021
Financial assets (liabilities) measured at fair value on a recurring basis
Total long-term debt	[1]	$ (4,784.5)	$ (5,034.5)
Total financial instruments measured at fair value		(4,720.9)	(4,967.7)
Equity mutual funds
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	6.5	6.3
Municipal obligations
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	24.2	24.4
Money market funds
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	0.1	0.3
Commodity contracts - net
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	32.8	39.4
Foreign currency exchange contracts - net
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	0	(3.6)
Fair Value, Inputs, Level 1 [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Total long-term debt	[1]	(4,784.5)	(5,034.5)
Total financial instruments measured at fair value		(4,744.9)	(4,988.9)
Fair Value, Inputs, Level 1 [Member] | Equity mutual funds
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	6.5	6.3
Fair Value, Inputs, Level 1 [Member] | Municipal obligations
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	0	0
Fair Value, Inputs, Level 1 [Member] | Money market funds
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	0.1	0.3
Fair Value, Inputs, Level 1 [Member] | Commodity contracts - net
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	32.8	39.4
Fair Value, Inputs, Level 1 [Member] | Foreign currency exchange contracts - net
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	0.2	(0.4)
Fair Value, Inputs, Level 2 [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Total long-term debt	[1]	0	0
Total financial instruments measured at fair value		24	21.2
Fair Value, Inputs, Level 2 [Member] | Equity mutual funds
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	0	0
Fair Value, Inputs, Level 2 [Member] | Municipal obligations
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	24.2	24.4
Fair Value, Inputs, Level 2 [Member] | Money market funds
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	0	0
Fair Value, Inputs, Level 2 [Member] | Commodity contracts - net
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	0	0
Fair Value, Inputs, Level 2 [Member] | Foreign currency exchange contracts - net
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	(0.2)	(3.2)
Fair Value, Inputs, Level 3 [Member]
Financial assets (liabilities) measured at fair value on a recurring basis
Total long-term debt	[1]	0	0
Total financial instruments measured at fair value		0	0
Fair Value, Inputs, Level 3 [Member] | Equity mutual funds
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	0	0
Fair Value, Inputs, Level 3 [Member] | Municipal obligations
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	0	0
Fair Value, Inputs, Level 3 [Member] | Money market funds
Financial assets (liabilities) measured at fair value on a recurring basis
Marketable securities and other investments	[2]	0	0
Fair Value, Inputs, Level 3 [Member] | Commodity contracts - net
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
Financial assets (liabilities) measured at fair value on a recurring basis
Derivative financial instruments	[3]	$ 0	$ 0
[1]	Long-term debt is composed of public Senior Notes, which are traded in an active secondary market and valued using quoted prices. For additional information, see Note 7: 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 July 31, 2021, our municipal obligations are scheduled to mature as follows: $1.8 in 2022, $2.2 in 2024, $3.0 in 2025, $2.0 in 2026, and the remaining $15.2 in 2027 and beyond. We do not have any municipal obligations scheduled to mature in 2023.
[3]	Level 1 commodity and foreign currency exchange derivatives are valued using quoted market prices for identical instruments in active markets. Level 2 foreign currency exchange derivatives are valued using quoted prices for similar assets or liabilities in active markets. For additional information, see Note 9: Derivative Financial Instruments.

Other Financial Instruments a_5

Other Financial Instruments and Fair Value Measurements (Details Textual) $ in Millions	Jul. 31, 2021USD ($)
Other Financial Instruments and Fair Value Measurements (Textual) [Abstract]
Company's Municipal bond mature in 2022	$ 1.8
Company's Municipal bond mature in 2023	0
Company's Municipal bond mature in 2024	2.2
Company's Municipal bond mature in 2025	3
Company's Municipal bond mature in 2026	2
Company's Municipal bond mature in 2027 and beyond	$ 15.2

Leases (Details)

Leases (Details) - USD ($) $ in Millions	Jul. 31, 2021	Apr. 30, 2021
Operating lease right-of-use assets	$ 133.5	$ 142
Current operating lease liabilities	41.2	41.1
Noncurrent operating lease liabilities	103.9	112.8
Total operating lease liabilities	145.1	153.9
Total finance lease liabilities	3.7	4.3
Machinery and Equipment [Member]
Machinery and equipment	9.3	9.8
Accumulated Depreciation [Member]
Accumulated depreciation	(5.6)	(5.5)
Property, Plant and Equipment [Member]
Total property, plant, and equipment	3.7	4.3
Other Current Liabilities [Member]
Current finance lease liabilities	1.5	1.8
Other Noncurrent Liabilities [Member]
Noncurrent finance lease liabilities	$ 2.2	$ 2.5

Leases (Details 1)

Leases (Details 1) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Leases [Abstract]
Operating lease cost	$ 10.8	$ 11.3
Finance lease cost:
Amortization of right-of-use assets	0.5	0.6
Interest on lease liabilities	0	0.1
Variable lease cost	5.3	5.6
Short-term lease cost	10.8	9
Sublease income	(0.3)	(1.5)
Net lease cost	$ 27.1	$ 25.1

Leases (Details 2)

Leases (Details 2) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Leases [Abstract]
Operating cash flows from operating leases	$ 11	$ 10.4
Operating cash flows from finance leases	0	0
Financing cash flows from finance leases	0.7	0.9
Right-of-use asset obtained in exchange for operating lease liabilities	2	0
Right-of-use asset obtained in exchange for finance lease liabilities	$ 0	$ 0.3

Leases (Details 3)

Leases (Details 3) - USD ($) $ in Millions	Jul. 31, 2021	Apr. 30, 2021
Operating Lease Liabilities, Payments Due [Abstract]
2022 (remainder of the year)	$ 33.4
2023	41.4
2024	29.8
2025	21.3
2026	18.6
2027 and beyond	8
Total undiscounted minimum lease payments	152.5
Less: Imputed interest	7.4
Total operating lease liabilities	145.1	$ 153.9
Finance Lease Liabilities, Payments, Due [Abstract]
2022 (remainder of the year)	1.3
2023	1.1
2024	0.9
2025	0.5
2026	0.1
2027 and beyond	0
Total undiscounted minimum lease payments	3.9
Less: Imputed interest	0.2
Total finance lease liabilities	$ 3.7	$ 4.3

Leases (Details 4)

Leases (Details 4)	Jul. 31, 2021	Apr. 30, 2021
Leases [Abstract]
Operating leases, Weighted average remaining lease term	4 years 2 months 12 days	4 years 4 months 24 days
Finance leases, Weighted average remaining lease term	3 years	3 years 1 month 6 days
Operating leases, Weighted average discount rate	2.50%	2.50%
Finance leases, Weighted average discount rate	2.50%	2.60%

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	25.00%	24.40%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%
Income Taxes (Textual) [Abstract]
Time Period Over Which it is Reasonably Possible That Company Could Increase or Decrease its Unrecognized Tax Benefits	12 months
Amount unrecognized tax benefit could decrease in the next 12 months	$ 3.3

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		3 Months Ended
		Jul. 31, 2021	Jul. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance		$ (277.4)
Accumulated Other Comprehensive Income (Loss), Ending Balance		(281.6)
Foreign Currency Translation Adjustment [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance		(9)	$ (50.5)
Reclassification adjustments		0	0
Current period credit (charge)		(4)	12.9
Income tax benefit (expense)		0	0
Accumulated Other Comprehensive Income (Loss), Ending Balance		(13)	(37.6)
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]	(174.8)	(185.6)
Reclassification adjustments	[1]	2.9	3.4
Current period credit (charge)	[1]	0	0
Income tax benefit (expense)	[1]	(0.6)	(0.8)
Accumulated Other Comprehensive Income (Loss), Ending Balance	[1]	(172.5)	(183)
Pension and Other Postretirement Liabilities [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance	[2]	(97.3)	(146.7)
Reclassification adjustments	[2]	(5.3)	2.2
Current period credit (charge)	[2]	1.8	0
Income tax benefit (expense)	[2]	0.9	(0.5)
Accumulated Other Comprehensive Income (Loss), Ending Balance	[2]	(99.9)	(145)
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		3.7	3.8
Reclassification adjustments		0	0
Current period credit (charge)		0.2	1.1
Income tax benefit (expense)		(0.1)	(0.2)
Accumulated Other Comprehensive Income (Loss), Ending Balance		3.8	4.7
AOCI Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning Balance		(277.4)	(379)
Reclassification adjustments		(2.4)	5.6
Current period credit (charge)		(2)	14
Income tax benefit (expense)		0.2	(1.5)
Accumulated Other Comprehensive Income (Loss), Ending Balance		$ (281.6)	$ (360.9)
[1]	The reclassification is composed of deferred gains (losses) related to terminated interest rate contracts. During both 2022 and 2021, the reclassification was primarily from accumulated other comprehensive income (loss) to interest expense. In addition, during the first quarter of 2022, a portion of the reclassification was to other income (expense) – net, which was driven by the prepayment of the Senior Notes due March 15, 2022. For additional information, see Note 9: Derivative Financial Instruments.
[2]	The reclassification from accumulated other comprehensive income (loss) to other income (expense) – net is composed of settlement charges and amortization of net losses and prior service costs. For additional information, see Note 8: Pensions and Other Postretirement Benefits

Common Shares (Details)

Common Shares (Details) - shares	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2021
Common Shares Information
Common shares authorized	300,000,000		300,000,000
Common shares outstanding	108,400,000		108,300,000
Treasury shares	38,100,000		38,200,000
Common Shares (Additional Textual) [Abstract]
Shares remaining for repurchase	2,800,000
Shares repurchased	0	0