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Leases (Tables) | 6 Months Ended
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Oct. 31, 2025
Leases [Abstract] |
Right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheets | The following table sets forth the right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheets.
| October 31, 2025 |  | April 30, 2025
Operating lease right-of-use assets | $ | 155.0 |  |  | $ | 115.4 |
Operating lease liabilities: |  |  |
Current operating lease liabilities | $ | 35.7 |  |  | $ | 37.5 |
Noncurrent operating lease liabilities | 125.6 |  |  | 84.1 |
Total operating lease liabilities | $ | 161.3 |  |  | $ | 121.6 |
Finance lease right-of-use assets: |  |  |
Machinery and equipment | $ | 23.0 |  |  | $ | 25.4 |
Accumulated depreciation | (12.5) |  |  | (13.5) |
Total property, plant, and equipment | $ | 10.5 |  |  | $ | 11.9 |
Finance lease liabilities: |  |  |
Other current liabilities | $ | 3.2 |  |  | $ | 3.3 |
Other noncurrent liabilities | 8.0 |  |  | 9.2 |
Total finance lease liabilities | $ | 11.2 |  |  | $ | 12.5 |
Components of lease expense | The following table summarizes the components of lease expense.
| Three Months Ended October 31, |  | Six Months Ended October 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Operating lease cost | $ | 11.6 |  |  | $ | 12.0 |  |  | $ | 24.0 |  |  | $ | 24.5 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | 0.8 |  |  | 0.8 |  |  | 1.7 |  |  | 1.6 |
Interest on lease liabilities | 0.1 |  |  | 0.1 |  |  | 0.3 |  |  | 0.3 |
Variable lease cost | 5.5 |  |  | 5.8 |  |  | 11.4 |  |  | 12.3 |
Short-term lease cost | 10.5 |  |  | 12.7 |  |  | 20.8 |  |  | 23.9 |
Total lease cost (A) | $ | 28.5 |  |  | $ | 31.4 |  |  | $ | 58.2 |  |  | $ | 62.6 |
(A)Total lease cost does not include sublease income which is immaterial for all years presented.
Cash flow and noncash information related to leases | The following table sets forth cash flow and noncash information related to leases.
| Six Months Ended October 31,
| 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 23.6 |  |  | $ | 24.1 |
Operating cash flows from finance leases | 0.3 |  |  | 0.3 |
Financing cash flows from finance leases | 1.9 |  |  | 1.9 |
Right-of-use assets obtained in exchange for new lease liabilities: |  |  |
Operating leases | 60.8 |  |  | 2.4 |
Finance leases | 0.4 |  |  | 2.6 |
Maturity of operating lease liabilities by fiscal year | The following table summarizes the maturity of our lease liabilities by fiscal year.
| October 31, 2025
| Operating Leases |  | Finance Leases
2026 (remainder of the year) | $ | 22.8 |  |  | $ | 1.9 |
2027 | 34.5 |  |  | 3.6 |
2028 | 25.5 |  |  | 3.4 |
2029 | 23.9 |  |  | 2.0 |
2030 | 23.7 |  |  | 0.8 |
2031 and beyond | 58.0 |  |  | 0.5 |
Total undiscounted minimum lease payments | $ | 188.4 |  |  | $ | 12.2 |
Less: Imputed interest | 27.1 |  |  | 1.0 |
Lease liabilities | $ | 161.3 |  |  | $ | 11.2 |
Maturity of finance lease liabilities by fiscal year | The following table summarizes the maturity of our lease liabilities by fiscal year.
| October 31, 2025
| Operating Leases |  | Finance Leases
2026 (remainder of the year) | $ | 22.8 |  |  | $ | 1.9 |
2027 | 34.5 |  |  | 3.6 |
2028 | 25.5 |  |  | 3.4 |
2029 | 23.9 |  |  | 2.0 |
2030 | 23.7 |  |  | 0.8 |
2031 and beyond | 58.0 |  |  | 0.5 |
Total undiscounted minimum lease payments | $ | 188.4 |  |  | $ | 12.2 |
Less: Imputed interest | 27.1 |  |  | 1.0 |
Lease liabilities | $ | 161.3 |  |  | $ | 11.2 |
Weighted average remaining lease term and discount rate | The following table sets forth the weighted average remaining lease term and discount rate.
| October 31, 2025 |  | April 30, 2025
Weighted average remaining lease term (in years): |  |  |
Operating leases | 6.2 |  | 6.1
Finance leases | 3.7 |  | 4.0
Weighted average discount rate: |  |  |
Operating leases | 4.8 | % |  | 4.6 | %
Finance leases | 5.1 | % |  | 5.0 | %

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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