XML 36 R27.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Reportable Segments (Tables) | 9 Months Ended
--- | ---
Jan. 31, 2022
Segment Reporting [Abstract] |
Income by segment | The following table reconciles segment profit to income before income taxes.
| Three Months Ended January 31, |  | Nine Months Ended January 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net sales: |  |  |  |  |  |  |
U.S. Retail Pet Foods | $ | 696.6 |  |  | $ | 768.6 |  |  | $ | 2,046.2 |  |  | $ | 2,169.9 |
U.S. Retail Coffee | 661.8 |  |  | 625.9 |  |  | 1,850.1 |  |  | 1,791.5 |
U.S. Retail Consumer Foods | 433.1 |  |  | 447.6 |  |  | 1,309.9 |  |  | 1,415.9 |
International and Away From Home | 265.6 |  |  | 234.6 |  |  | 758.9 |  |  | 705.2 |
Total net sales | $ | 2,057.1 |  |  | $ | 2,076.7 |  |  | $ | 5,965.1 |  |  | $ | 6,082.5 |
Segment profit: |  |  |  |  |  |  |
U.S. Retail Pet Foods | $ | 95.7 |  |  | $ | 135.1 |  |  | $ | 275.2 |  |  | $ | 385.3 |
U.S. Retail Coffee | 213.4 |  |  | 210.7 |  |  | 572.5 |  |  | 595.4 |
U.S. Retail Consumer Foods | 99.5 |  |  | 110.9 |  |  | 329.2 |  |  | 377.7 |
International and Away From Home | 34.2 |  |  | 24.5 |  |  | 107.5 |  |  | 94.9 |
Total segment profit | $ | 442.8 |  |  | $ | 481.2 |  |  | $ | 1,284.4 |  |  | $ | 1,453.3 |
Amortization | (55.3) |  |  | (57.0) |  |  | (166.1) |  |  | (176.1) |
Other intangible assets impairment charge | (150.4) |  |  | — |  |  | (150.4) |  |  | — |
Gain on divestitures – net | 9.6 |  |  | 27.2 |  |  | 9.6 |  |  | 27.2 |
Interest expense – net | (39.5) |  |  | (43.5) |  |  | (122.9) |  |  | (134.7) |
Change in net cumulative unallocated derivative gains and losses | (22.4) |  |  | 33.8 |  |  | (37.9) |  |  | 81.5 |
Cost of products sold – special project costs (A) | (6.8) |  |  | — |  |  | (17.5) |  |  | — |
Other special project costs (A) | (2.0) |  |  | (1.7) |  |  | (5.1) |  |  | (1.7) |
Corporate administrative expenses | (64.9) |  |  | (77.3) |  |  | (195.2) |  |  | (236.1) |
Other income (expense) – net | (1.5) |  |  | (1.2) |  |  | (15.3) |  |  | (34.8) |
Income before income taxes | $ | 109.6 |  |  | $ | 361.5 |  |  | $ | 583.6 |  |  | $ | 978.6 |
(A)Special project costs include certain divestiture, acquisition, integration, and restructuring costs, which are recognized in cost of products sold and other special project costs in the Condensed Statements of Consolidated Income. For more information, see Note 3: Integration and Restructuring Costs.
Geographical information | The following table presents certain geographical information.
| Three Months Ended January 31, |  | Nine Months Ended January 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net sales: |  |  |  |  |  |  |
United States | $ | 1,921.8 |  |  | $ | 1,939.5 |  |  | $ | 5,574.2 |  |  | $ | 5,651.4 |
International: |  |  |  |  |  |  |
Canada | $ | 111.9 |  |  | $ | 113.9 |  |  | $ | 326.5 |  |  | $ | 345.3 |
All other international | 23.4 |  |  | 23.3 |  |  | 64.4 |  |  | 85.8 |
Total international | $ | 135.3 |  |  | $ | 137.2 |  |  | $ | 390.9 |  |  | $ | 431.1 |
Total net sales | $ | 2,057.1 |  |  | $ | 2,076.7 |  |  | $ | 5,965.1 |  |  | $ | 6,082.5 |
Product category information | The following table presents product category information.
| Three Months Ended January 31, |  | Nine Months Ended January 31, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  | Primary Reportable Segment (A)
Coffee | $ | 746.2 |  |  | $ | 693.7 |  |  | $ | 2,077.8 |  |  | $ | 1,989.0 |  |  | U.S. Retail Coffee
Cat food | 243.7 |  |  | 245.2 |  |  | 707.5 |  |  | 697.1 |  |  | U.S. Retail Pet Foods
Pet snacks | 251.5 |  |  | 246.6 |  |  | 697.1 |  |  | 676.1 |  |  | U.S. Retail Pet Foods
Dog food | 219.9 |  |  | 296.5 |  |  | 696.7 |  |  | 852.0 |  |  | U.S. Retail Pet Foods
Peanut butter | 194.6 |  |  | 208.5 |  |  | 606.7 |  |  | 601.2 |  |  | U.S. Retail Consumer Foods
Frozen handheld | 120.2 |  |  | 100.0 |  |  | 380.9 |  |  | 301.8 |  |  | U.S. Retail Consumer Foods
Fruit spreads | 101.6 |  |  | 99.8 |  |  | 282.3 |  |  | 293.3 |  |  | U.S. Retail Consumer Foods
Portion control | 42.4 |  |  | 27.9 |  |  | 117.6 |  |  | 83.0 |  |  | Other (B)
Juices and beverages | 36.0 |  |  | 33.5 |  |  | 105.7 |  |  | 103.8 |  |  | U.S. Retail Consumer Foods
Baking mixes and ingredients | 23.4 |  |  | 21.5 |  |  | 61.3 |  |  | 74.7 |  |  | Other (B)
Shortening and oils | — |  |  | 33.9 |  |  | — |  |  | 193.9 |  |  | U.S. Retail Consumer Foods (C)
Other | 77.6 |  |  | 69.6 |  |  | 231.5 |  |  | 216.6 |  |  | Other (B)
Total net sales | $ | 2,057.1 |  |  | $ | 2,076.7 |  |  | $ | 5,965.1 |  |  | $ | 6,082.5 |  |  |
(A)The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category. (B)Represents the International and Away From Home operating segments, which are combined for segment reporting purposes. (C)During 2021, the net sales within this category were related to the divested Crisco business. For more information, see Note 4: Divestitures.

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration