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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Operating Activities    
Net income $ 553.2 $ 442.9
Adjustments to reconcile net income to net cash provided by (used for) operations:    
Depreciation 156.7 154.1
Amortization 176.4 179.9
Other intangible assets impairment charges 52.4 107.2
Share-based compensation expense 19.8 16.5
Gain on divestiture 0.0 (27.6)
Other noncash adjustments – net 15.9 4.6
Defined benefit pension contributions (1.1) (20.1)
Changes in assets and liabilities, net of effect from acquisition and divestiture:    
Trade receivables 26.7 (51.4)
Inventories (48.0) (18.8)
Other current assets 7.0 19.5
Accounts payable 12.3 (11.2)
Accrued liabilities 44.6 73.1
Income and other taxes (40.9) 10.1
Other – net (7.9) (11.8)
Net Cash Provided by (Used for) Operating Activities 967.1 867.0
Investing Activities    
Business acquired, net of cash acquired 0.0 (1,903.0)
Additions to property, plant, and equipment (192.9) (267.2)
Proceeds from divestiture 0.0 371.4
Other – net 15.3 (24.0)
Net Cash Provided by (Used for) Investing Activities (177.6) (1,822.8)
Financing Activities    
Short-term borrowings (repayments) – net (122.6) 360.0
Proceeds from long-term debt 0.0 1,500.0
Repayments of long-term debt (400.0) (600.0)
Quarterly dividends paid (296.7) (281.4)
Purchase of treasury shares (4.3) (5.2)
Proceeds from stock option exercises 7.0 0.0
Other – net 0.5 0.2
Net Cash Provided by (Used for) Financing Activities (816.1) 973.6
Effect of exchange rate changes on cash (0.3) (3.9)
Net increase (decrease) in cash and cash equivalents (26.9) 13.9
Cash and cash equivalents at beginning of period 101.3 192.6
Cash and Cash Equivalents at End of Period $ 74.4 $ 206.5