v3.24.2.u1
Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Operating Activities    
Net income $ 185.0 $ 183.6
Adjustments to reconcile net income to net cash provided by (used for) operations:    
Depreciation 73.0 50.2
Amortization 56.0 39.8
Pension settlement loss (gain) 0.0 3.2
Unrealized loss on investment in equity securities – net 0.0 27.4
Share-based compensation expense 8.9 5.1
Deferred income tax expense (benefit) 2.6 (8.9)
Other noncash adjustments – net 15.1 4.8
Changes in assets and liabilities, net of effect from acquisition and divestitures:    
Trade receivables 1.6 6.1
Inventories (99.0) (81.4)
Other current assets 2.6 (4.8)
Accounts payable (61.5) (43.8)
Accrued liabilities (60.9) (7.7)
Income and other taxes 54.9 57.3
Other – net (5.4) (13.0)
Net Cash Provided by (Used for) Operating Activities 172.9 217.9
Investing Activities    
Additions to property, plant, and equipment (123.7) (150.3)
Other – net (48.7) (1.6)
Net Cash Provided by (Used for) Investing Activities (172.4) (151.9)
Financing Activities    
Short-term borrowings (repayments) – net 96.2 0.0
Quarterly dividends paid (112.1) (105.2)
Purchase of treasury shares (2.6) (372.0)
Other – net (4.5) (4.1)
Net Cash Provided by (Used for) Financing Activities (23.0) (481.3)
Effect of exchange rate changes on cash 0.0 0.6
Net increase (decrease) in cash and cash equivalents (22.5) (414.7)
Cash and cash equivalents at beginning of period 62.0 655.8
Cash and cash equivalents at end of period $ 39.5 $ 241.1