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Derivative Financial Instruments (Tables)
 12 Months Ended
Apr. 30, 2015
Derivative Financial Instruments [Abstract]  
Fair value of derivative instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

April 30, 2015

 

  

April 30, 2014

 

 

  

Other
Current
Assets

 

  

Other
Current
Liabilities

 

  

Other
Noncurrent
Assets

 

  

Other
Noncurrent
Liabilities

 

  

Other
Current
Assets

 

  

Other
Current
Liabilities

 

  

Other
Noncurrent
Liabilities

 

Derivatives designated as hedging instruments:

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Commodity contracts

  

$

—  

  

  

$

—  

  

  

$

—  

  

  

$

—  

  

  

$

23.4

  

  

$

10.9

  

  

$

—  

  

Interest rate contract

  

 

—  

  

  

 

—  

  

  

 

—  

  

  

 

—  

  

  

 

18.0

  

  

 

—  

  

  

 

3.1

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total derivatives designated as hedging instruments

 

$

—  

  

 

$

—  

  

 

$

—  

  

 

$

—  

  

 

$

41.4

  

 

$

10.9

  

 

$

3.1

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commodity contracts

 

$

6.4

  

 

$

23.9

  

 

$

0.2

  

 

$

3.8

  

 

$

11.6

  

 

$

5.8

  

 

$

—  

  

Foreign currency exchange contracts

 

 

4.8

  

 

 

1.0

  

 

 

—  

  

 

 

—  

  

 

 

1.4

  

 

 

0.7

  

 

 

—  

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total derivatives not designated as hedging instruments

 

$

11.2

  

 

$

24.9

  

 

$

0.2

  

 

$

3.8

  

 

$

13.0

  

 

$

6.5

  

 

$

—  

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total derivative instruments

 

$

11.2

  

 

$

24.9

  

 

$

0.2

  

 

$

3.8

  

 

$

54.4

  

 

$

17.4

  

 

$

3.1

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

 
Commodity contracts gains and losses recognized on derivatives designated as cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

  

Year Ended April 30,

 

 

  

2015

 

  

2014

 

(Losses) gains recognized in other comprehensive (loss) income (effective portion)

  

$

(4.0)

 

  

$

21.0

  

Gains (losses) reclassified from accumulated other comprehensive loss to cost of products sold (effective portion)

  

 

29.1

  

  

 

(20.3)

 

Losses reclassified from accumulated other comprehensive loss to interest expense (effective portion)

  

 

(0.6)

 

  

 

(0.6)

 

 

  

 

 

 

  

 

 

 

Change in accumulated other comprehensive loss

 

$

(32.5)

 

 

$

41.9

  

 

  

 

 

 

  

 

 

 

Gains recognized in cost of products sold (ineffective portion)

 

$

—  

  

 

$

1.4

  

Losses recognized in interest expense (ineffective portion)

 

$

(0.1)

 

 

$

—  

  

 

  

 

 

 

  

 

 

 

 
Net realized and unrealized gains and losses recognized in cost of products of sold on derivatives not designated as qualified hedging instruments

 

 

 

 

 

 

 

 

 

 

 

  

Year Ended April 30,

 

 

  

2015

 

  

2014

 

(Losses) gains on commodity contracts

  

$

(48.5)

 

  

$

5.2

  

Gains on foreign exchange contracts

  

 

8.8

  

  

 

3.3

  

 

  

 

 

 

  

 

 

 

Total (losses) gains recognized in costs of products sold

 

$

(39.7)

 

 

$

8.5

  

 

  

 

 

 

  

 

 

 

 
Schedule of unallocated derivative (losses) gains

 

 

 

 

 

 

 

 

 

 

 

  

Year Ended April 30,

 

 

  

2015

 

  

2014

 

Net (losses) gains on mark-to-market valuation of unallocated derivative positions

  

$

(39.7)

 

  

$

8.5

  

Net losses (gains) on derivative positions reclassified to segment operating profit

  

 

15.2

  

  

 

(3.2)

  

 

  

 

 

 

  

 

 

 

Net mark-to-market valuation of certain derivative positions recognized in unallocated (losses) gains

 

$

(24.5)

 

 

$

5.3

  

 

  

 

 

 

  

 

 

 

 
Outstanding derivative contracts

 

 

 

 

 

 

 

 

 

 

 

  

Year Ended April 30,

 

 

  

2015

 

  

2014

 

Commodity contracts

  

$

640.6

  

  

$

790.3

  

Foreign currency exchange contracts

  

 

136.4

  

  

 

158.1

  

Interest rate contract

  

 

—  

  

  

 

750.0