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Income Taxes (Tables) | 12 Months Ended
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Apr. 30, 2015
Income Tax Disclosure [Abstract] |
Income (loss) before income taxes |
|  | Year Ended April 30, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Domestic |  | $ | 500.7 |  |  | $ | 827.4 |  |  | $ | 791.9 |
Foreign |  |  | 22.3 |  |  |  | 22.3 |  |  |  | 25.4 |
Income before income taxes |  | $ | 523.0 |  |  | $ | 849.7 |  |  | $ | 817.3 |
Components of the provision for income taxes |
|  | Year Ended April 30, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 147.8 |  |  | $ | 265.4 |  |  | $ | 262.1 |
Foreign |  |  | 4.7 |  |  |  | 4.2 |  |  |  | 6.1 |
State and local |  |  | 17.9 |  |  |  | 22.9 |  |  |  | 20.5 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 2.3 |  |  |  | (13.9) |  |  |  | (15.6) |
Foreign |  |  | 0.5 |  |  |  | 2.4 |  |  |  | 0.9 |
State and local |  |  | 4.9 |  |  |  | 3.5 |  |  |  | (0.9) |
Total income tax expense |  | $ | 178.1 |  |  | $ | 284.5 |  |  | $ | 273.1 |
Reconciliation of the statutory federal income tax rate and the effective income tax rate |
|  | Year Ended April 30, |
Percent of Pretax Income |  | 2015 |  |  | 2014 |  |  | 2013 |
Statutory federal income tax rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State and local income taxes |  |  | 2.4 |  |  |  | 1.9 |  |  |  | 1.8 |
Domestic manufacturing deduction |  |  | (2.9) |  |  |  | (3.0) |  |  |  | (3.1) |
Other items – net |  |  | (0.4) |  |  |  | (0.4) |  |  |  | (0.3) |
Effective income tax rate |  |  | 34.1 | % |  |  | 33.5 | % |  |  | 33.4 | %
Income taxes paid |  | $ | 199.3 |  |  | $ | 294.4 |  |  | $ | 279.2 |
Deferred tax assets and liabilities |
|  | April 30, |
|  | 2015 |  |  | 2014 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  | $ | 2,499.4 |  |  | $ | 1,028.7 |
Property, plant, and equipment |  |  | 158.0 |  |  |  | 94.5 |
Other |  |  | 9.6 |  |  |  | 19.4 |
Total deferred tax liabilities |  | $ | 2,667.0 |  |  | $ | 1,142.6 |
Deferred tax assets: |  |  |  |  |  |  |  |
Post-employment and other employee benefits |  | $ | 143.4 |  |  | $ | 103.3 |
Tax credit and loss carryforwards |  |  | 44.8 |  |  |  | — |
Intangible assets |  |  | 22.1 |  |  |  | 7.6 |
Inventory |  |  | 11.6 |  |  |  | — |
Property, plant, and equipment |  |  | 19.4 |  |  |  | — |
Other |  |  | 32.9 |  |  |  | 29.8 |
Total deferred tax assets |  | $ | 274.2 |  |  | $ | 140.7 |
Valuation allowance |  |  | (4.2) |  |  |  | — |
Total deferred tax assets, less allowance |  | $ | 270.0 |  |  | $ | 140.7 |
Net deferred tax liability |  | $ | 2,397.0 |  |  | $ | 1,001.9 |
Summary of operating loss and tax credit carryforwards |
|  | Related Tax Deduction |  |  | Deferred Tax Asset |  |  | Valuation Allowance |  |  | Expiration Date |
Tax carryforwards: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal loss carryforwards |  | $ | 104.6 |  |  | $ | 36.6 |  |  | $ | 4.2 |  |  |  | 2035 |
State loss carryforwards |  |  | 119.4 |  |  |  | 5.9 |  |  |  | — |  |  |  | 2020 to 2035 |
Federal tax credit carryforwards |  |  | — |  |  |  | 0.5 |  |  |  | — |  |  |  | 2035 |
State tax credit carryforwards |  |  | — |  |  |  | 1.8 |  |  |  | — |  |  |  | 2021 |
Total tax carryforwards |  | $ | 224.0 |  |  | $ | 44.8 |  |  | $ | 4.2 |  |  |  |  |
Reconciliation of unrecognized tax benefits |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Balance at May 1, |  | $ | 29.1 |  |  | $ | 29.7 |  |  | $ | 24.0 |
Increases: |  |  |  |  |  |  |  |  |  |  |  |
Current year tax positions |  |  | 2.4 |  |  |  | 5.1 |  |  |  | 4.8 |
Prior year tax positions |  |  | 1.2 |  |  |  | 0.1 |  |  |  | 2.5 |
Acquired businesses |  |  | 13.4 |  |  |  | — |  |  |  | — |
Decreases: |  |  |  |  |  |  |  |  |  |  |  |
Prior year tax positions |  |  | 0.4 |  |  |  | 1.6 |  |  |  | 0.2 |
Settlement with tax authorities |  |  | — |  |  |  | 1.5 |  |  |  | 1.0 |
Expiration of statute of limitations periods |  |  | 0.7 |  |  |  | 2.7 |  |  |  | 0.4 |
Balance at April 30, |  | $ | 45.0 |  |  | $ | 29.1 |  |  | $ | 29.7 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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