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Derivative Financial Instruments (Tables) | 12 Months Ended
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Apr. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Outstanding derivative contracts | The following table presents the gross notional value of outstanding derivative contracts.
| Year Ended April 30,
| 2025 |  | 2024
Commodity contracts | $ | 1,698.1 |  |  | $ | 787.7 |
Foreign currency exchange contracts | 122.4 |  |  | 98.6 |
Fair value of derivative instruments | The following tables set forth the gross fair value amounts of derivative instruments recognized in the Consolidated Balance Sheets.
| April 30, 2025
| Other Current Assets |  | Other Current Liabilities |  | Other Noncurrent Assets |  | Other Noncurrent Liabilities
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Commodity contracts | $ | 81.5 |  |  | $ | 18.7 |  |  | $ | — |  |  | $ | — |
Foreign currency exchange contracts | 0.8 |  |  | 1.5 |  |  | — |  |  | — |
Total derivative instruments | $ | 82.3 |  |  | $ | 20.2 |  |  | $ | — |  |  | $ | — |
| April 30, 2024
| Other Current Assets |  | Other Current Liabilities |  | Other Noncurrent Assets |  | Other Noncurrent Liabilities
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Commodity contracts | $ | 35.8 |  |  | $ | 9.3 |  |  | $ | — |  |  | $ | 0.1 |
Foreign currency exchange contracts | 1.9 |  |  | 0.1 |  |  | — |  |  | — |
Total derivative instruments | $ | 37.7 |  |  | $ | 9.4 |  |  | $ | — |  |  | $ | 0.1 |
Net gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments | The following table presents the net gains and losses recognized in cost of products sold on derivatives not designated as hedging instruments.
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
Derivative gains (losses) on commodity contracts | $ | 100.7 |  |  | $ | 26.1 |  |  | $ | (6.1) |
Derivative gains (losses) on foreign currency exchange contracts | 1.6 |  |  | 1.5 |  |  | 4.4 |
Total derivative gains (losses) recognized in cost of products sold | $ | 102.3 |  |  | $ | 27.6 |  |  | $ | (1.7) |
Schedule of unallocated derivative (losses) gains | The following table presents the net change in cumulative unallocated derivative gains and losses.
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
Net derivative gains (losses) recognized and classified as unallocated | $ | 102.3 |  |  | $ | 27.6 |  |  | $ | (1.7) |
Less: Net derivative gains (losses) reclassified to segment operating profit | 44.1 |  |  | 20.9 |  |  | 19.7 |
Change in net cumulative unallocated derivative gains and losses | $ | 58.2 |  |  | $ | 6.7 |  |  | $ | (21.4) |
Pre-tax gains and losses recognized on interest rate contracts designated as cash flow hedges | The following table presents information on the pre-tax gains and losses recognized on all contracts previously designated as cash flow hedges.
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
Gains (losses) recognized in other comprehensive income (loss) | $ | — |  |  | $ | — |  |  | $ | — |
Less: Gains (losses) reclassified from accumulated other comprehensive income (loss) to interest expense – net (A) | (12.8) |  |  | (13.6) |  |  | (13.5) |
Less: Gains (losses) reclassified from accumulated other comprehensive income to other debt gains (charges) – net (B) | (56.9) |  |  | — |  |  | — |
Change in accumulated other comprehensive income (loss) | $ | 69.7 |  |  | $ | 13.6 |  |  | $ | 13.5 |
(A)Interest expense – net, as presented in the Statements of Consolidated Income (Loss), was $388.7, $264.3, and $152.0 in 2025, 2024, and 2023, respectively. The reclassification includes terminated contracts which were designated as cash flow hedges. (B)Other debt gains (charges) – net, as presented in the Statements of Consolidated Income (Loss), was a gain of $30.2 and a charge of $19.5 in 2025 and 2024, respectively. There were no reported other debt gains (charges) – net in 2023. The reclassification is related to the debt extinguishment due to the tender offers in 2025, as discussed in Note 8: Debt and Financing Arrangements.

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- Definition Schedule of amount of net gains and losses reported in cost of products sold in the statement of financial performance on derivative instruments not designated as qualified hedging instruments. + References No definition available. + Details
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- Definition Schedule of activity related to the net mark-to-market valuation of commodity and foreign exchange derivatives recognized in unallocated derivative losses and gains. + References No definition available. + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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