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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.

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