XML 60 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Statements of Consolidated Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2016
Operating Activities      
Net income $ 1,338.6 $ 592.3 $ 688.7
Adjustments to reconcile net income to net cash provided by (used for) operations:      
Depreciation 206.3 211.7 221.7
Amortization 206.8 207.3 208.4
Goodwill impairment charge 145.0 [1] 0.0 0.0
Other intangible assets impairment charges 31.9 133.2 0.0
Share-based compensation expense 15.4 22.0 34.6
Gain on divestiture 0.0 0.0 (25.3)
Deferred income tax expense (benefit) (803.4) (79.4) (95.2)
Loss on disposal of assets - net 6.6 4.4 5.6
Other noncash adjustments – net 3.7 0.4 (2.2)
Defined benefit pension contributions (39.6) (28.7) (8.6)
Changes in assets and liabilities, net of effect from businesses acquired:      
Trade receivables 54.7 8.9 (21.9)
Inventories 54.0 (10.4) 240.1
Other current assets (5.3) 8.9 14.6
Accounts payable 19.0 2.1 46.1
Accrued liabilities 20.5 (39.8) 2.4
Income and other taxes (28.7) 7.9 146.9
Other – net (7.5) 18.2 5.1
Net Cash Provided by (Used for) Operating Activities 1,218.0 1,059.0 1,461.0
Investing Activities      
Businesses acquired, net of cash acquired 0.0 0.0 7.9
Equity investment in affiliate 0.0 0.0 (16.0)
Additions to property, plant, and equipment (321.9) (192.4) (201.4)
Proceeds from divestiture 0.0 0.0 193.7
Proceeds from sale of investment 0.0 40.6 0.0
Proceeds from disposal of property, plant, and equipment 13.4 0.5 4.0
Other – net 30.9 (38.4) 33.5
Net Cash Provided by (Used for) Investing Activities (277.6) (189.7) 21.7
Financing Activities      
Short-term borrowings (repayments) – net (310.0) 170.0 58.0
Proceeds from long-term debt 799.6 0.0 0.0
Repayments of long-term debt (1,050.3) (200.0) (800.0)
Quarterly dividends paid (350.3) (339.3) (316.6)
Purchase of treasury shares (7.0) (437.6) (441.1)
Other – net (4.0) 0.8 0.8
Net Cash Provided by (Used for) Financing Activities (922.0) (806.1) (1,498.9)
Effect of exchange rate changes on cash 7.4 (6.2) 0.4
Net increase (decrease) in cash and cash equivalents 25.8 57.0 (15.8)
Cash and cash equivalents at beginning of year 166.8 109.8 125.6
Cash and Cash Equivalents at End of Year $ 192.6 $ 166.8 $ 109.8
[1] There have been no goodwill impairment charges recognized in prior periods.