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Reportable Segments (Tables)

9 Months Ended

Jan. 31, 2020

Segment Reporting [Abstract]

Income by segment

			Three Months Ended January 31,																		Nine Months Ended January 31,
			2020						2019						2020						2019
Net sales:
U.S. Retail Pet Foods			$	721.9					$	759.0					$	2,101.7					$	2,158.3
U.S. Retail Coffee			558.8						561.6						1,567.9						1,596.0
U.S. Retail Consumer Foods			422.9						422.7						1,251.2						1,367.9
International and Away From Home			268.7						268.6						788.2						813.7
Total net sales			$	1,972.3					$	2,011.9					$	5,709.0					$	5,935.9
Segment profit:
U.S. Retail Pet Foods			$	146.0					$	147.9					$	403.1					$	372.2
U.S. Retail Coffee			189.5						183.7						500.9						505.8
U.S. Retail Consumer Foods			84.2						95.9						256.6						327.5
International and Away From Home			49.0						52.5						131.7						152.6
Total segment profit			$	468.7					$	480.0					$	1,292.3					$	1,358.1
Amortization			(58.8)						(59.7)						(176.4)						(179.9)
Other intangible assets impairment charges			(52.4)						(107.2)						(52.4)						(107.2)
Interest expense – net			(45.1)						(51.6)						(143.6)						(158.8)
Unallocated derivative gains (losses)			7.7						(2.9)						37.6						(25.0)
Other special project costs (A)			(3.3)						(18.8)						(9.9)						(51.9)
Corporate administrative expenses			(72.9)						(73.8)						(214.8)						(219.1)
Other income (expense) – net			(1.4)						(8.8)						(4.5)						(16.5)
Income before income taxes			$	242.5					$	157.2					$	728.3					$	599.7

(A)Other special project costs includes integration and restructuring costs. For more information, see Note 4: Integration and Restructuring Costs.

Geographical information

The following table presents certain geographical information.

			Three Months Ended January 31,																		Nine Months Ended January 31,
			2020						2019						2020						2019
Net sales:
United States			$	1,837.6					$	1,880.6					$	5,311.1					$	5,526.1
International:
Canada			$	108.7					$	106.7					$	318.9					$	319.2
All other international			26.0						24.6						79.0						90.6
Total international			$	134.7					$	131.3					$	397.9					$	409.8
Total net sales			$	1,972.3					$	2,011.9					$	5,709.0					$	5,935.9

Product category information

The following table presents product category information.

			Three Months Ended January 31,																		Nine Months Ended January 31,
			2020						2019						2020						2019						Primary Reportable Segment (A)
Coffee			$	650.7					$	653.5					$	1,824.5					$	1,867.3					U.S. Retail Coffee
Dog food			300.8						337.5						899.0						980.9						U.S. Retail Pet Foods
Cat food			223.9						218.9						633.6						615.2						U.S. Retail Pet Foods
Pet snacks			214.6						217.9						617.8						607.6						U.S. Retail Pet Foods
Peanut butter			180.0						188.5						533.3						574.6						U.S. Retail Consumer Foods
Fruit spreads			88.3						86.0						264.0						254.6						U.S. Retail Consumer Foods
Frozen handheld			82.6						67.3						247.5						210.5						U.S. Retail Consumer Foods
Shortening and oils			68.9						74.8						192.2						207.0						U.S. Retail Consumer Foods
Portion control			42.0						40.1						123.9						122.6						International and Away From Home
Juices and beverages			30.4						30.6						94.0						96.7						U.S. Retail Consumer Foods
Baking mixes and ingredients			19.6						21.9						59.3						164.6						International and Away From Home (B)
Other			70.5						74.9						219.9						234.3						International and Away From Home
Total net sales			$	1,972.3					$	2,011.9					$	5,709.0					$	5,935.9

(A)The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category.

(B)During the three and nine months ended January 31, 2019, the primary reportable segment was U.S. Retail Consumer Foods, as the majority of the net sales within this category were related to the divested U.S. baking business. For more information, see Note 5: Divestiture.

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