v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 30, 2026
Apr. 30, 2025
Current Assets    
Cash and cash equivalents $ 58.6 $ 69.9
Trade receivables – net 656.3 619.0
Inventories:    
Finished products 584.1 680.0
Raw materials 542.4 529.4
Total Inventory 1,126.5 1,209.4
Other current assets 131.7 248.3
Total Current Assets 1,973.1 2,146.6
Property, Plant, and Equipment    
Land and land improvements 158.1 157.5
Buildings and fixtures 1,465.2 1,383.5
Machinery and equipment 3,456.9 3,257.1
Construction in progress 546.1 619.4
Gross Property, Plant, and Equipment 5,626.3 5,417.5
Accumulated depreciation (2,594.2) (2,337.9)
Total Property, Plant, and Equipment 3,032.1 3,079.6
Other Noncurrent Assets    
Operating lease right-of-use assets 148.8 115.4
Goodwill 5,205.0 5,710.0
Other intangible assets – net 5,683.7 6,346.9
Other noncurrent assets 176.7 164.8
Total Other Noncurrent Assets 11,214.2 12,337.1
Total Assets 16,219.4 17,563.3
Current Liabilities    
Accounts payable 1,175.1 1,288.7
Accrued compensation 115.1 118.0
Accrued trade marketing and merchandising 175.9 188.8
Dividends payable 116.9 114.6
Current portion of long-term debt [1] 150.0 0.0
Short-term borrowings 420.9 640.8
Other current liabilities 384.3 301.1
Total Current Liabilities 2,538.2 2,652.0
Noncurrent Liabilities    
Long-term debt, less current portion [1] 6,392.8 7,036.8
Defined benefit pensions 50.6 53.0
Other postretirement benefits 44.3 45.8
Deferred income taxes 1,459.6 1,548.6
Noncurrent operating lease liabilities 125.3 84.1
Other noncurrent liabilities 64.8 60.4
Total Noncurrent Liabilities 8,137.4 8,828.7
Total Liabilities 10,675.6 11,480.7
Shareholders’ Equity    
Serial preferred shares – no par value: Authorized – 6,000,000 shares; outstanding – none 0.0 0.0
Common shares – no par value: Authorized – 300,000,000 shares; outstanding – 106,661,858 at April 30, 2026, and 106,425,081 at April 30, 2025 (net of 43,825,787 and 44,062,564 treasury shares, respectively), at stated value 26.7 26.6
Additional capital 5,752.5 5,738.7
Retained income (accumulated deficit) (101.3) 501.8
Accumulated other comprehensive income (loss) (134.1) (184.5)
Total Shareholders’ Equity 5,543.8 6,082.6
Total Liabilities and Shareholders’ Equity $ 16,219.4 $ 17,563.3
[1] Represents the carrying amount included in the Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.