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Acquisitions (Tables)
12 Months Ended
Apr. 30, 2015
Acquisitions [Abstract]  
Components of business acquisition purchase price

 

 

 

 

 

 

Shares issued

 

$

2,035.5

  

Assumed debt from Big Heart

 

 

2,630.2

  

Cash consideration, net of cash acquired

 

 

1,240.0

  

 

  

 

 

 

Total purchase price

 

$

5,905.7

  

 

  

 

 

 

 

Estimated fair values of the assets acquired and liabilities assumed

 

 

 

 

 

 

Assets acquired:

 

 

 

 

Trade receivables

 

$

142.0

  

Inventories

 

 

257.7

  

Other current assets

 

 

210.7

  

Property, plant, and equipment

 

 

324.0

  

Intangible assets

 

 

4,009.8

  

Goodwill

 

 

2,871.2

  

Other noncurrent assets

 

 

38.0

  

 

  

 

 

 

Total assets acquired

 

$

7,853.4

  

 

  

 

 

 

Liabilities assumed:

 

 

 

 

Current liabilities

 

$

398.9

  

Deferred tax liabilities

 

 

1,464.0

  

Other noncurrent liabilities

 

 

84.8

  

 

  

 

 

 

Total liabilities assumed

 

$

1,947.7

  

 

  

 

 

 

Net assets acquired

 

$

5,905.7

  

 

The purchase price allocated to the identifiable intangible assets

 

 

 

 

 

 

Intangible assets with finite lives:

  

 

 

 

Customer relationships (25-year useful life)

  

$

2,289.8

  

Trademarks (15-year useful life)

  

 

257.0

  

Intangible assets with indefinite lives:

  

 

 

 

Trademarks

  

 

1,463.0

  

 

  

 

 

 

Total intangible assets

 

$

4,009.8

  

 

  

 

 

 

 

Business acquisition pro forma information

 

 

 

 

 

 

 

 

 

 

 

  

Year Ended April 30,

 

 

  

2015

 

  

2014

 

Net sales

  

$

7,732.5

  

  

$

7,800.7

  

Net income

  

 

541.8

  

  

 

547.7

  

Net income per common share – assuming dilution

  

 

4.53

  

  

 

4.48