J M SMUCKER CO, 10-Q filed on 2/26/2026
Quarterly Report
v3.25.4
Document and Entity Information - shares
 9 Months Ended
Jan. 31, 2026
Feb. 19, 2026
Entity Listings [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jan. 31, 2026  
Document Transition Report false  
Entity File Number 1-5111  
Entity Registrant Name The J. M. Smucker Company  
Entity Incorporation, State or Country Code OH  
Entity Tax Identification Number 34-0538550  
Entity Address, Address Line One One Strawberry Lane  
Entity Address, City or Town Orrville,  
Entity Address, State or Province OH  
Entity Address, Postal Zip Code 44667-0280  
City Area Code (330)  
Local Phone Number 682-3000  
Title of 12(b) Security Common shares, no par value  
Trading Symbol SJM  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0000091419  
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q3  
Current Fiscal Year End Date --04-30  
Entity Common Stock, Shares Outstanding   106,648,319
v3.25.4
Condensed Statements of Consolidated Income (Loss) (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Income Statement [Abstract]        
Net sales $ 2,339.4 $ 2,186.0 $ 6,782.8 $ 6,582.3
Cost of products sold [1] 1,511.6 1,307.9 4,610.4 4,020.9
Gross Profit 827.8 878.1 2,172.4 2,561.4
Selling, distribution, and administrative expenses 363.2 367.6 1,138.8 1,148.4
Amortization 50.3 53.9 150.7 165.7
Goodwill impairment charges 507.5 794.3 507.5 [2] 794.3
Other intangible assets impairment charges 454.2 208.2 454.2 208.2
Other special project costs [1],[3] 5.0 10.1 16.6 27.9
Loss (gain) on divestitures – net 0.0 50.2 0.0 311.0
Other operating expense (income) – net (4.0) (12.2) (11.1) (19.3)
Operating Income (Loss) (548.4) (594.0) (84.3) (74.8)
Interest expense – net (94.5) (95.4) (293.3) (294.5)
Other debt gains (charges) – net 0.0 30.3 [4] 0.0 30.3 [4]
Other income (expense) – net [1] (9.0) [3] (3.4) (12.4) [3] (10.7)
Income (Loss) Before Income Taxes (651.9) (662.5) (390.0) (349.7)
Income tax expense (benefit) 72.3 (0.2) 136.8 152.1
Net Income (Loss) $ (724.2) $ (662.3) $ (526.8) $ (501.8)
Earnings per common share:        
Net Income (Loss) (in dollars per share) $ (6.79) $ (6.22) $ (4.94) $ (4.72)
Net Income (Loss) - Assuming Dilution (in dollars per share) $ (6.79) $ (6.22) $ (4.94) $ (4.72)
[1] Includes certain divestiture, acquisition, integration, and restructuring costs (“special project costs”). For more information, see Note 4: Special Project Costs and Note 5: Reportable Segments.
[2] We have recognized accumulated goodwill impairment charges of $2,412.0 as of January 31, 2026.
[3] Includes special project costs related to certain divestiture, acquisition, integration, and restructuring activities. For more information, see Note 4: Special Project Costs.
[4] Includes a net gain on extinguishment of debt as a result of tender offers completed during the third quarter of 2025. For more information, see Note 8: Debt and Financing Arrangements.
v3.25.4
Condensed Statements of Consolidated Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ (724.2) $ (662.3) $ (526.8) $ (501.8)
Other comprehensive income (loss):        
Foreign currency translation adjustments 7.1 (3.6) 2.8 (14.3)
Cash flow hedging derivative activity, net of tax 2.4 45.8 7.2 51.0
Pension and other postretirement benefit plans activity, net of tax 5.2 0.3 5.8 1.0
Available-for-sale securities activity, net of tax (0.2) (0.8) 0.5 (0.4)
Total Other Comprehensive Income (Loss) 14.5 41.7 16.3 37.3
Comprehensive Income (Loss) $ (709.7) $ (620.6) $ (510.5) $ (464.5)
v3.25.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jan. 31, 2026
Apr. 30, 2025
Current Assets    
Cash and cash equivalents $ 52.8 $ 69.9
Trade receivables – net 645.7 619.0
Inventories:    
Finished products 647.1 680.0
Raw materials 524.0 529.4
Total Inventory 1,171.1 1,209.4
Other current assets 119.0 248.3
Total Current Assets 1,988.6 2,146.6
Property, Plant, and Equipment    
Land and land improvements 158.3 157.5
Buildings and fixtures 1,437.9 1,383.5
Machinery and equipment 3,447.1 3,257.1
Construction in progress 547.9 619.4
Gross Property, Plant, and Equipment 5,591.2 5,417.5
Accumulated depreciation (2,586.9) (2,337.9)
Total Property, Plant, and Equipment 3,004.3 3,079.6
Other Noncurrent Assets    
Operating Lease, Right-of-Use Asset 153.0 115.4
Goodwill 5,204.6 5,710.0
Other intangible assets – net 5,743.3 6,346.9
Other noncurrent assets 171.9 164.8
Total Other Noncurrent Assets 11,272.8 12,337.1
Total Assets 16,265.7 17,563.3
Current Liabilities    
Accounts payable 1,125.6 1,288.7
Accrued trade marketing and merchandising 198.6 188.8
Short-term borrowings 486.9 640.8
Other current liabilities 546.2 533.7
Total Current Liabilities 2,357.3 2,652.0
Noncurrent Liabilities    
Long-term debt 6,841.3 7,036.8
Deferred income taxes 1,541.1 1,548.6
Noncurrent operating lease liabilities 126.1 84.1
Other noncurrent liabilities 163.8 159.2
Total Noncurrent Liabilities 8,672.3 8,828.7
Total Liabilities 11,029.6 11,480.7
Shareholders’ Equity    
Common shares 26.7 26.6
Additional capital 5,750.4 5,738.7
Retained income (accumulated deficit) (372.8) 501.8
Accumulated other comprehensive income (loss) (168.2) (184.5)
Total Shareholders’ Equity 5,236.1 6,082.6
Total Liabilities and Shareholders’ Equity $ 16,265.7 $ 17,563.3
v3.25.4
Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Operating Activities    
Net income (loss) $ (526.8) $ (501.8)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operations:    
Depreciation 271.9 213.4
Amortization 150.7 165.7
Goodwill impairment charges 507.5 [1] 794.3
Other intangible assets impairment charges 454.2 208.2
Pension settlement loss (gain) 7.8 0.0
Share-based compensation expense 20.4 25.2
Loss (gain) on divestitures – net 0.0 311.0
Deferred income tax expense (benefit) (11.8) (63.2)
Other noncash adjustments – net 41.9 6.7
Changes in assets and liabilities, net of effect from acquisition and divestitures:    
Trade receivables (26.3) 80.5
Inventories 38.6 (59.2)
Other current assets 87.4 (27.7)
Accounts payable (150.8) (173.7)
Accrued liabilities (84.8) (117.0)
Income and other taxes 118.8 (33.5)
Other – net (4.3) (12.4)
Net Cash Provided by (Used for) Operating Activities 894.4 816.5
Investing Activities    
Additions to property, plant, and equipment (222.1) (298.8)
Proceeds from divestitures – net 0.0 290.5
Proceeds from disposal of property, plant, and equipment 13.1 0.2
Collateral received (pledged) for derivative cash margin accounts 34.8 (10.4)
Other – net 0.3 0.0
Net Cash Provided by (Used for) Investing Activities (173.9) (18.5)
Financing Activities    
Short-term borrowings (repayments) – net (181.0) (153.2)
Repayments of long-term debt (200.0) (300.0)
Quarterly dividends paid (347.9) (340.9)
Purchase of treasury shares (5.2) (3.1)
Other – net (3.6) (13.4)
Net Cash Provided by (Used for) Financing Activities (737.7) (810.6)
Effect of exchange rate changes on cash 0.1 (2.2)
Net increase (decrease) in cash and cash equivalents (17.1) (14.8)
Cash and cash equivalents at beginning of period 69.9 62.0
Cash and cash equivalents at end of period $ 52.8 $ 47.2
[1] We have recognized accumulated goodwill impairment charges of $2,412.0 as of January 31, 2026.
v3.25.4
Condensed Statements of Consolidated Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Shares
Additional Capital
Retained Income (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Balance at Apr. 30, 2024 $ 7,693.9 $ 26.5 $ 5,713.9 $ 2,188.1 $ (234.6)
Balance, shares at Apr. 30, 2024   106,194,281      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 185.0     185.0  
Other comprehensive income (loss) 2.4       2.4
Comprehensive income (loss) 187.4        
Purchase of treasury shares (2.6) $ 0.0 (3.2) 0.6  
Purchase of treasury shares, shares   (22,748)      
Stock plans 5.4 $ 0.1 4.5 0.8  
Stock plans, shares   236,997      
Cash dividends declared (114.6)     (114.6)  
Balance at Jul. 31, 2024 7,769.5 $ 26.6 5,715.2 2,259.9 (232.2)
Balance, shares at Jul. 31, 2024   106,408,530      
Balance at Apr. 30, 2024 7,693.9 $ 26.5 5,713.9 2,188.1 (234.6)
Balance, shares at Apr. 30, 2024   106,194,281      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (501.8)        
Other comprehensive income (loss) 37.3        
Comprehensive income (loss) (464.5)        
Balance at Jan. 31, 2025 6,907.3 $ 26.6 5,732.9 1,345.1 (197.3)
Balance, shares at Jan. 31, 2025   106,417,996      
Balance at Jul. 31, 2024 7,769.5 $ 26.6 5,715.2 2,259.9 (232.2)
Balance, shares at Jul. 31, 2024   106,408,530      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (24.5)     (24.5)  
Other comprehensive income (loss) (6.8)       (6.8)
Comprehensive income (loss) (31.3)        
Purchase of treasury shares   $ 0.0 0.3 0.0  
Purchase of treasury shares 0.3        
Purchase of treasury shares, shares   (972)      
Stock plans 8.2 $ 0.0 8.2    
Stock plans, shares   8,972      
Cash dividends declared (113.6)     (113.6)  
Balance at Oct. 31, 2024 7,633.1 $ 26.6 5,723.7 2,121.8 (239.0)
Balance, shares at Oct. 31, 2024   106,416,530      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (662.3)     (662.3)  
Other comprehensive income (loss) 41.7       41.7
Comprehensive income (loss) (620.6)        
Purchase of treasury shares (0.4) $ 0.0 (0.4) 0.0  
Purchase of treasury shares, shares   (3,549)      
Stock plans 9.6 $ 0.0 9.6    
Stock plans, shares   5,015      
Cash dividends declared (114.4)     (114.4)  
Balance at Jan. 31, 2025 6,907.3 $ 26.6 5,732.9 1,345.1 (197.3)
Balance, shares at Jan. 31, 2025   106,417,996      
Balance at Apr. 30, 2025 $ 6,082.6 $ 26.6 5,738.7 501.8 (184.5)
Balance, shares at Apr. 30, 2025 106,400,000 106,425,081      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) $ (43.9)     (43.9)  
Other comprehensive income (loss) 2.0       2.0
Comprehensive income (loss) (41.9)        
Purchase of treasury shares (4.6) $ 0.0 (5.8) 1.2  
Purchase of treasury shares, shares   (47,688)      
Stock plans 6.5 $ 0.1 5.3 1.1  
Stock plans, shares   309,721      
Cash dividends declared (116.7)     (116.7)  
Balance at Jul. 31, 2025 5,925.9 $ 26.7 5,738.2 343.5 (182.5)
Balance, shares at Jul. 31, 2025   106,687,114      
Balance at Apr. 30, 2025 $ 6,082.6 $ 26.6 5,738.7 501.8 (184.5)
Balance, shares at Apr. 30, 2025 106,400,000 106,425,081      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) $ (526.8)        
Other comprehensive income (loss) 16.3        
Comprehensive income (loss) (510.5)        
Balance at Jan. 31, 2026 $ 5,236.1 $ 26.7 5,750.4 (372.8) (168.2)
Balance, shares at Jan. 31, 2026 106,700,000 106,698,183      
Balance at Jul. 31, 2025 $ 5,925.9 $ 26.7 5,738.2 343.5 (182.5)
Balance, shares at Jul. 31, 2025   106,687,114      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 241.3     241.3  
Other comprehensive income (loss) (0.2)       (0.2)
Comprehensive income (loss) 241.1        
Purchase of treasury shares (0.4) $ 0.0 (0.5) 0.1  
Purchase of treasury shares, shares   (3,711)      
Stock plans 10.3 $ 0.0 10.3    
Stock plans, shares   11,766      
Cash dividends declared (116.7)     (116.7)  
Balance at Oct. 31, 2025 6,060.2 $ 26.7 5,748.0 468.2 (182.7)
Balance, shares at Oct. 31, 2025   106,695,169      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (724.2)     (724.2)  
Other comprehensive income (loss) 14.5       14.5
Comprehensive income (loss) (709.7)        
Purchase of treasury shares (0.2) $ 0.0 (0.2) 0.0  
Purchase of treasury shares, shares   (1,163)      
Stock plans 2.6 $ 0.0 2.6    
Stock plans, shares   4,177      
Cash dividends declared (116.8)     (116.8)  
Balance at Jan. 31, 2026 $ 5,236.1 $ 26.7 $ 5,750.4 $ (372.8) $ (168.2)
Balance, shares at Jan. 31, 2026 106,700,000 106,698,183      
v3.25.4
Condensed Statements of Consolidated Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares
 3 Months Ended
Jan. 31, 2026
Oct. 31, 2025
Jul. 31, 2025
Jan. 31, 2025
Oct. 31, 2024
Jul. 31, 2024
Statement of Stockholders' Equity [Abstract]            
Cash dividends declared, per common share $ 1.10 $ 1.10 $ 1.10 $ 1.08 $ 1.08 $ 1.08
v3.25.4
Basis of Presentation
 9 Months Ended
Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
The unaudited interim condensed consolidated financial statements of The J. M. Smucker Company (“Company,” “we,” “us,” or “our”) have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments of a normal recurring nature considered necessary for a fair presentation have been included.
Operating results for the nine months ended January 31, 2026, are not necessarily indicative of the results that may be expected for the year ending April 30, 2026. For further information, reference is made to the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended April 30, 2025.
v3.25.4
Recently Issued Accounting Standards
 9 Months Ended
Jan. 31, 2026
Accounting Changes and Error Corrections [Abstract]  
Recently Issued Accounting Standards
Recently Adopted Accounting Standard: In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures. ASU 2023-07 improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses on an interim and annual basis. This ASU requires entities to provide significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), other segment expenses included in each reported measure of segment profitability, and disclosure of the title and position of the CODM. We adopted the interim disclosure requirements on a retrospective basis during the first quarter of 2026, which are presented in Note 5: Reportable Segments. The annual disclosure requirements were adopted during 2025. The adoption of this standard did not have a material impact on our consolidated financial statements.
Recently Issued Accounting Standards Not Yet Adopted: In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. ASU 2025-06 will modernize the accounting guidance for the costs to develop software for internal use by removing all references to software development project stages so that the guidance is neutral to different software development methods. The ASU requires entities to begin capitalizing software costs when management authorizes and commits to funding the software project and it is probable that the project will be completed and the software will be used for its intended purpose. It will be effective for our annual and interim periods beginning May 1, 2028, with the option to early adopt at any time prior to the effective date on either a prospective or retrospective basis. We do not anticipate any impact to our results of operations, financial position, or cash flows upon adoption and are currently evaluating the impacts of the standard on our disclosures.
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. ASU 2024-03 will provide investors with more decision-useful information about an entity’s expenses by improving disclosures on income statement expenses. The amendments in this ASU will require public business entities to disclose disaggregated information about specific categories underlying certain income statement expense line items. It will be effective for our annual period beginning May 1, 2027, and interim periods beginning May 1, 2028, with the option to early adopt at any time prior to the effective dates on either a prospective or retrospective basis. We do not anticipate any impact to our results of operations, financial position, or cash flows upon adoption and are currently evaluating the impacts of the standard on our disclosures.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures. ASU 2023-09 will improve the transparency and decision usefulness of income tax disclosures to better assess how operations and related tax risks affect tax rates and future cash flows on an interim and annual basis. It is effective for our annual period beginning May 1, 2025, and can be adopted either on a prospective or retrospective basis. We do not anticipate any impact to our results of operations, financial position, or cash flows upon adoption and are currently evaluating the impacts of the standard on our disclosures.
v3.25.4
Divestitures
 9 Months Ended
Jan. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Divestitures
On March 3, 2025, we sold certain Sweet Baked Snacks value brands to JTM Foods, LLC (“JTM”). The transaction included certain trademarks and licenses, a manufacturing facility in Chicago, Illinois, and approximately 400 employees who supported the business. Under our ownership, these Sweet Baked Snacks value brands generated net sales of approximately $48.4 in 2025, which were included in the Sweet Baked Snacks segment. Net proceeds from the divestiture were $34.6, inclusive of the final working capital adjustment and cash transaction costs. We recognized a pre-tax loss of $44.2 on this transaction, primarily during the third quarter of 2025.
On December 2, 2024, we sold the Voortman® business to Second Nature Brands (“Second Nature”). The transaction included products sold under the Voortman brand, inclusive of certain trademarks, a leased manufacturing facility in Burlington, Ontario, and approximately 300 employees who supported the business. Under our ownership, the Voortman business generated net sales of approximately $86.3 in 2025, which were included in the Sweet Baked Snacks segment. Net proceeds from the divestiture were $291.4, inclusive of the final working capital adjustment and cash transaction costs. We recognized a pre-tax loss of $265.9 on this transaction, primarily during the second quarter of 2025.
v3.25.4
Special Project Costs
 9 Months Ended
Jan. 31, 2026
Restructuring and Related Activities [Abstract]  
Special Project Costs
Special project costs consist primarily of employee-related costs and other transition and termination costs related to certain divestiture, acquisition, integration, and restructuring activities. Employee-related costs include severance, retention bonuses, and relocation costs. Severance costs are generally recognized when deemed probable and reasonably estimable, retention bonuses are recognized over the estimated future service period of the impacted employees, and relocation costs are expensed as incurred. Other transition and termination costs include fixed asset-related charges, contract and lease termination costs, professional fees, and other miscellaneous expenditures associated with divestiture, acquisition, integration, and restructuring activities. With the exception of accelerated depreciation, these costs are expensed as incurred. These special project costs are reported in cost of products sold, other special project costs, and other income (expense) – net in the Condensed Statements of Consolidated Income (Loss) and are not allocated to segment profit. The obligation related to employee separation costs is included in other current liabilities in the Condensed Consolidated Balance Sheets.
Divestiture Costs: Total divestiture costs incurred to date related to the Sahale Snacks® and Canada condiment businesses that were divested in 2024 were $6.4, which included $4.3 and $2.1 of employee-related and other transition and termination costs, respectively, all of which were cash charges. We did not incur any divestiture costs during the three and nine months ended January 31, 2026, and incurred divestiture costs of $1.3 and $1.7 during the three and nine months ended January 31, 2025, respectively, primarily consisting of employee-related costs. We do not anticipate any additional costs to be incurred related to these divestiture activities. The obligation related to severance and retention bonuses was fully satisfied as of April 30, 2025.
As a result of our recent divestitures, we identified opportunities to address certain distribution inefficiencies. We anticipate incurring approximately $12.0 of costs related to these efforts, consisting primarily of other transition and termination charges. The majority of these costs are expected to be cash charges and incurred by the end of 2026. We have recognized total cumulative costs of $8.9, of which $0.5 and $2.4 were recognized during the three and nine months ended January 31, 2026, respectively, and $2.1 and $3.0 during the three and nine months ended January 31, 2025, respectively, primarily consisting of other transition and termination costs.
Integration Costs: On November 7, 2023, we completed a cash and stock transaction to acquire Hostess Brands, Inc. (“Hostess Brands”), a manufacturer and marketer of sweet baked goods brands. Total integration costs related to the acquisition are anticipated to be approximately $190.0 and include transaction costs, employee-related costs, and other transition and termination charges.
The following table summarizes our integration costs incurred related to the acquisition of Hostess Brands.
Three Months Ended January 31,Nine Months Ended January 31,
Total Costs Incurred to Date at January 31, 2026
2026202520262025
Transaction costs$— $— $— $— $99.0 
Employee-related costs0.4 2.5 0.8 9.5 43.8 
Other transition and termination costs— 5.3 0.7 25.4 43.6 
Total integration costs$0.4 $7.8 $1.5 $34.9 $186.4 
Cumulative noncash charges incurred through January 31, 2026, were $16.1 and primarily consisted of accelerated depreciation. We incurred noncash charges of $0.2 and $0.7 during the three and nine months ended January 31, 2026, and incurred $1.7 and $13.2 during the three and nine months ended January 31, 2025, respectively. Transaction costs primarily reflect equity compensation payouts, legal fees, and fees related to a 364-day senior unsecured Bridge Term Loan Credit Facility that provided committed financing for the acquisition of Hostess Brands. Other transition and termination costs primarily consist of contract termination charges, accelerated depreciation, and consulting fees. We anticipate the remaining integration costs will be incurred by the end of 2026 and are expected to be split between employee-related and other transition and termination costs. The obligation related to severance and retention bonuses was $1.1 and $6.2 at January 31, 2026, and April 30, 2025, respectively.
Restructuring Costs: During the first quarter of 2026, we announced plans to close our Indianapolis, Indiana manufacturing facility, which manufactures Hostess® branded products, and consolidated operations into other existing facilities during the third quarter of 2026 to further optimize operations within our Sweet Baked Snacks segment.
The following table summarizes our restructuring costs incurred related to the restructuring program.
Three Months Ended January 31,Nine Months Ended January 31,Total Costs Incurred to Date at
January 31, 2026
20262026
Employee-related costs$0.6 $6.4 $6.4 
Other transition and termination costs25.9 68.0 68.0 
Total restructuring costs$26.5 $74.4 $74.4 
Noncash charges were included in other transition and termination costs and consisted of accelerated depreciation. We incurred noncash charges of $23.7 and $62.6 during the three and nine months ended January 31, 2026, respectively. We anticipate any remaining charges to be minimal. The obligation related to severance and retention bonuses was $1.1 at January 31, 2026.
v3.25.4
Reportable Segments
 9 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Reportable Segments
We operate in one industry: the manufacturing and marketing of food and beverage products. We have four reportable segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, and Sweet Baked Snacks. The presentation of International and Away From Home represents a combination of all other operating segments that are not individually reportable. Subsequent to the third quarter of 2026, we announced several senior leadership updates in support of continued advancement of our long-term growth strategy and enhancement of our profitability and earnings. As a result, we are evaluating the impact of these changes to the way in which we present our reportable segments during the fourth quarter of 2026.
The U.S. Retail Coffee segment primarily includes the domestic sales of Folgers®, Dunkin’®, and Café Bustelo® branded coffee; the U.S. Retail Frozen Handheld and Spreads segment primarily includes the domestic sales of Uncrustables®, Jif®, and Smucker’s® branded products; the U.S. Retail Pet Foods segment primarily includes the domestic sales of Meow Mix®, Milk-Bone®, Pup-Peroni®, and Canine Carry Outs® branded products; and the Sweet Baked Snacks segment primarily includes all domestic and foreign sales of Hostess branded products in all channels. With the exception of Sweet Baked Snacks products, International and Away From Home includes the sale of all products that are distributed in foreign countries through retail channels, as well as domestically and in foreign countries through foodservice distributors and operators (e.g., healthcare operators, restaurants, educational institutions, offices, lodging and gaming establishments, and convenience stores).
Reportable segments have been identified based on financial data utilized to manage our businesses by our CODMs. The CODMs use net sales and segment profit to evaluate segment performance and allocate resources, including consideration of plan-to-actual variances and prior year-to-actual variances on a monthly basis. Segment profit represents net sales, less direct and allocable operating expenses, and is consistent with the way in which the CODMs manage our segments. However, we do not represent that the segments, if operated independently, would report operating profit equal to the segment profit set forth below, as segment profit excludes certain expenses such as amortization expense and impairment charges related to intangible assets, gains and losses on divestitures, the net change in cumulative unallocated gains and losses on commodity and foreign currency exchange derivative activities (“change in net cumulative unallocated derivative gains and losses”), special project costs, as well as corporate administrative expenses.
Commodity and foreign currency exchange derivative gains and losses are reported in unallocated derivative gains and losses outside of segment operating results until the related inventory is sold. At that time, we reclassify the hedge gains and losses from unallocated derivative gains and losses to segment profit, allowing our segments to realize the economic effect of the hedge without experiencing any mark-to-market volatility. We would expect that any gain or loss in the estimated fair value of the derivatives would generally be offset by a change in the estimated fair value of the underlying exposures.
The following tables reconcile segment profit to income before income taxes.
Three Months Ended January 31, 2026
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksInternational and Away From HomeTotal
Net sales$908.2 $454.0 $417.1 $224.8 $335.3 $2,339.4 
 Segment cost of products sold (A)
629.8 290.3 231.3 170.9 226.3 
 Segment selling and distribution expenses (B)
79.3 60.3 67.2 42.5 36.8 
 Other segment items (C)
0.1 (0.2)(3.3)(0.8)0.2 
Segment profit$199.0 $103.6 $121.9 $12.2 $72.0 $508.7 
Reconciliation of segment profit:
Amortization(50.3)
Goodwill impairment charges(507.5)
Other intangible assets impairment charges(454.2)
Interest expense – net(94.5)
Change in net cumulative unallocated derivative gains and losses59.3 
Cost of products sold – special project costs (D)
(22.3)
Other special project costs (D)
(5.0)
Corporate administrative expenses(77.1)
Other income (expense) – net (D)
(9.0)
Income before income taxes$(651.9)
Nine Months Ended January 31, 2026
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksInternational and Away From HomeTotal
Net sales$2,474.3 $1,399.8 $1,198.3 $734.1 $976.3 $6,782.8 
 Segment cost of products sold (A)
1,730.8 876.0 660.6 538.0 653.5 
 Segment selling and distribution expenses (B)
255.4 203.0 201.8 126.9 110.7 
 Other segment items (C)
0.6 0.8 (11.7)1.0 (1.8)
Segment profit$487.5 $320.0 $347.6 $68.2 $213.9 $1,437.2 
Reconciliation of segment profit:
Amortization(150.7)
Goodwill impairment charges(507.5)
Other intangible assets impairment charges(454.2)
Interest expense – net(293.3)
Change in net cumulative unallocated derivative gains and losses(90.8)
Cost of products sold – special project costs (D)
(60.7)
Other special project costs (D)
(16.6)
Corporate administrative expenses(241.0)
Other income (expense) – net (D)
(12.4)
Income before income taxes$(390.0)
Three Months Ended January 31, 2025
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksInternational and Away From HomeTotal
Net sales$740.6 $445.2 $423.0 $278.6 $298.6 $2,186.0 
 Segment cost of products sold (A)
464.5 282.2 237.8 182.9 199.4 
 Segment selling and distribution expenses (B)
74.7 62.0 73.3 42.2 38.2 
 Other segment items (C)
(7.2)1.8 (4.9)(1.3)(0.6)
Segment profit$208.6 $99.2 $116.8 $54.8 $61.6 $541.0 
Reconciliation of segment profit:
Amortization(53.9)
Goodwill impairment charges(794.3)
Other intangible assets impairment charges(208.2)
Gain (loss) on divestitures – net(50.2)
Interest expense – net(95.4)
Change in net cumulative unallocated derivative gains and losses60.0 
Cost of products sold – special project costs (D)
(1.1)
Other special project costs (D)
(10.1)
Other debt gains (charges) – net (E)
30.3 
Corporate administrative expenses(77.2)
Other income (expense) – net (3.4)
Income (loss) before income taxes$(662.5)
Nine Months Ended January 31, 2025
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksInternational and Away From HomeTotal
Net sales$2,068.0 $1,427.2 $1,268.1 $927.8 $891.2 $6,582.3 
 Segment cost of products sold (A)
1,260.2 885.7 714.4 593.9 596.7 
 Segment selling and distribution expenses (B)
230.5 204.5 211.0 135.6 119.4 
 Other segment items (C)
(6.6)2.7 (10.8)(1.5)(3.1)
Segment profit$583.9 $334.3 $353.5 $199.8 $178.2 $1,649.7 
Reconciliation of segment profit:
Amortization(165.7)
Goodwill impairment charges(794.3)
Other intangible assets impairment charges(208.2)
Gain (loss) on divestitures – net(311.0)
Interest expense – net(294.5)
Change in net cumulative unallocated derivative gains and losses41.7 
Cost of products sold – special project costs (D)
(11.7)
Other special project costs (D)
(27.9)
Other debt gains (charges) – net (E)
30.3 
Corporate administrative expenses(247.4)
Other income (expense) – net (10.7)
Income before income taxes$(349.7)
(A)     Segment cost of products sold excludes special project costs related to certain divestiture, acquisition, integration, and restructuring activities and the change in net cumulative unallocated derivative gains and losses. For more information, see Note 4: Special Project Costs and Note 10: Derivative Financial Instruments.
(B)    Segment selling and distribution expenses excludes corporate administrative expenses and special project costs that are not allocated to the segments.
(C)    Other segment items primarily reflects the loss (gain) on disposal of assets, plant administrative expenses, equity method investment income, and royalty income. Further, favorable property taxes are included in the U.S. Retail Coffee segment for the three and nine months ended January 31, 2025.
(D)    Includes special project costs related to certain divestiture, acquisition, integration, and restructuring activities. For more information, see Note 4: Special Project Costs.
(E)    Includes a net gain on extinguishment of debt as a result of tender offers completed during the third quarter of 2025. For more information, see Note 8: Debt and Financing Arrangements.
The following tables present total assets; total depreciation, amortization, and impairment charges; and total additions to property, plant, and equipment by segment.
January 31, 2026April 30, 2025
Assets:
U.S. Retail Coffee$4,731.3 $4,927.8 
U.S. Retail Frozen Handheld and Spreads3,236.4 3,263.1 
U.S. Retail Pet Foods4,638.8 4,679.3 
Sweet Baked Snacks2,334.1 3,394.9 
International and Away From Home1,215.5 1,037.1 
Unallocated (A)
109.6 261.1 
Total assets$16,265.7 $17,563.3 
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Depreciation, amortization, and impairment charges:
U.S. Retail Coffee$24.5 $24.2 $73.2 $73.0 
U.S. Retail Frozen Handheld and Spreads24.7 23.4 74.7 64.5 
U.S. Retail Pet Foods31.2 30.1 92.1 89.9 
Sweet Baked Snacks984.5 1,028.4 1,028.8 1,087.3 
International and Away From Home10.1 9.2 30.3 27.0 
Unallocated (B)
30.8 9.3 85.2 39.9 
Total depreciation, amortization, and impairment charges$1,105.8 $1,124.6 $1,384.3 $1,381.6 
Additions to property, plant, and equipment:
U.S. Retail Coffee$8.3 $13.4 $27.1 $44.0 
U.S. Retail Frozen Handheld and Spreads20.0 33.6 78.8 119.1 
U.S. Retail Pet Foods13.8 17.1 35.3 61.2 
Sweet Baked Snacks17.0 12.7 46.0 39.4 
International and Away From Home12.4 11.3 34.9 35.1 
Total additions to property, plant, and equipment$71.5 $88.1 $222.1 $298.8 
(A)Primarily represents unallocated cash and cash equivalents and corporate-held investments.
(B)Primarily represents unallocated accelerated depreciation related to restructuring activities and corporate administrative expenses, mainly consisting of depreciation and software amortization.
The following table presents certain geographical information.
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Net sales:
United States$2,214.4 $2,068.4 $6,426.2 $6,220.0 
International:
Canada$90.1 $89.8 $255.3 $271.9 
All other international34.9 27.8 101.3 90.4 
Total international$125.0 $117.6 $356.6 $362.3 
Total net sales$2,339.4 $2,186.0 $6,782.8 $6,582.3 
The following table presents product category information.
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Primary Reportable Segment (A)
Coffee$1,034.0 $830.8 $2,816.6 $2,339.7 U.S. Retail Coffee
Frozen handheld231.4 210.5 738.4 679.6 U.S. Retail Frozen Handheld and Spreads
Sweet baked goods224.8 266.1 734.1 841.9 Sweet Baked Snacks
Pet snacks227.9 237.4 663.3 719.4 U.S. Retail Pet Foods
Peanut butter201.8 200.9 595.9 633.3 U.S. Retail Frozen Handheld and Spreads
Cat food204.5 197.8 581.0 581.7 U.S. Retail Pet Foods
Fruit spreads92.0 99.4 279.5 307.6 U.S. Retail Frozen Handheld and Spreads
Portion control45.4 53.1 145.9 164.0 
Other (B)
Toppings and syrups25.6 20.7 81.8 69.3 U.S. Retail Frozen Handheld and Spreads
Baking mixes and ingredients24.7 23.2 67.8 66.3 
Other (B)
Cookies— 12.9 — 86.3 Sweet Baked Snacks
Other27.3 33.2 78.5 93.2 
Other (B)
Total net sales$2,339.4 $2,186.0 $6,782.8 $6,582.3 
(A)The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category.
(B)Represents the combined International and Away From Home operating segments.
v3.25.4
Earnings per Share
 9 Months Ended
Jan. 31, 2026
Earnings Per Share [Abstract]  
Earnings per Share
We computed net income (loss) per common share (“basic earnings per share”) under the two-class method for the three and nine months ended January 31, 2026 and 2025, due to certain unvested common shares that contained non-forfeitable rights to dividends (i.e., participating securities) during these periods. Further, we computed net income (loss) per common share – assuming dilution (“diluted earnings per share”) under the two-class and treasury stock methods to determine the method that was most dilutive, in accordance with FASB Accounting Standards Codification 260, Earnings Per Share. For the three and nine months ended January 31, 2026 and 2025, we recognized a net loss and as a result, excluded the anti-dilutive effect of stock-based awards from the computation of diluted earnings per share.
The following table sets forth the computation of basic and diluted earnings per share under the two-class method.
 Three Months Ended January 31,Nine Months Ended January 31,
 2026202520262025
Net income (loss)$(724.2)$(662.3)$(526.8)$(501.8)
Less: Net income (loss) allocated to participating securities— — — — 
Net income (loss) allocated to common stockholders$(724.2)$(662.3)$(526.8)$(501.8)
Weighted-average common shares outstanding106.7 106.4 106.7 106.4 
Add: Dilutive effect of stock options— — — — 
Weighted-average common shares outstanding – assuming dilution106.7 106.4 106.7 106.4 
Net income (loss) per common share$(6.79)$(6.22)$(4.94)$(4.72)
Net income (loss) per common share – assuming dilution$(6.79)$(6.22)$(4.94)$(4.72)
The following table sets forth the computation of diluted earnings per share under the treasury stock method.
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Net income (loss)$(724.2)$(662.3)$(526.8)$(501.8)
Weighted-average common shares outstanding – assuming dilution:
Weighted-average common shares outstanding106.7 106.4 106.7 106.4 
Add: Dilutive effect of stock options— — — — 
Add: Dilutive effect of restricted shares, restricted stock units, and performance units— — — — 
Weighted-average common shares outstanding – assuming dilution106.7 106.4 106.7 106.4 
Net income (loss) per common share – assuming dilution$(6.79)$(6.22)$(4.94)$(4.72)
v3.25.4
Goodwill and Other Intangible Assets
 9 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure
Note 7: Goodwill and Other Intangible Assets

The following table summarizes the changes in our goodwill.
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksInternational and Away From HomeTotal
Balance at April 30, 2025$2,090.9 $1,139.9 $1,580.2 $507.5 $391.5 $5,710.0 
Impairment charge (A)
— — — (507.5)— (507.5)
Other (B)
— — — — 2.1 2.1 
Balance at January 31, 2026$2,090.9 $1,139.9 $1,580.2 $— $393.6 $5,204.6 
(A)We have recognized accumulated goodwill impairment charges of $2,412.0 as of January 31, 2026.
(B)The amount classified as other in International and Away From Home represents foreign currency translation adjustments.
The following table summarizes our other intangible assets and related accumulated amortization and impairment charges including foreign currency exchange adjustments.
January 31, 2026April 30, 2025
Acquisition CostAccumulated Amortization/Impairment Charges/Foreign Currency ExchangeNetAcquisition CostAccumulated Amortization/Impairment Charges/Foreign Currency ExchangeNet
Finite-lived intangible assets subject to
   amortization:
Customer and contractual relationships$4,596.5 $2,245.3 $2,351.2 $4,596.5 $2,099.0 $2,497.5 
Patents and technology163.0 161.2 1.8 163.0 161.0 2.0 
Trademarks1,687.9 894.7 793.2 136.4 116.5 19.9 
Total intangible assets subject to amortization$6,447.4 $3,301.2 $3,146.2 $4,895.9 $2,376.5 $2,519.4 
Indefinite-lived intangible assets not subject to
   amortization:
Trademarks$2,820.5 $223.4 $2,597.1 $4,372.0 $544.5 $3,827.5 
Total other intangible assets$9,267.9 $3,524.6 $5,743.3 $9,267.9 $2,921.0 $6,346.9 

We review goodwill and other indefinite-lived intangible assets for impairment at least annually on February 1, and more often if indicators of impairment exist.

During the third quarter of 2026, both net sales and segment profit continued to underperform as compared to plan for the Sweet Baked Snacks segment, reflecting sustained challenges in the sweet baked goods category, ongoing executional and operating challenges, and the impact of a dynamic macroeconomic environment, inclusive of continued pressures on consumer discretionary spending and an evolving regulatory environment. Furthermore, we also completed our long-range planning process during the third quarter of 2026, which resulted in a decrease in projected net sales and segment profit for the Sweet
Baked Snacks segment, as compared to the projected financial information used in the previous impairment test during the fourth quarter of 2025. The declines are reflective of both near-term underperformance and long-term expectations for both net sales and segment profit, driven by the sustained reduction in consumer discretionary income due to inflationary pressures and an overall shift in consumer sentiment related to sweet baked goods, contributing to a slower than anticipated recovery in the sweet baked goods category. In addition, the overall reduction in net sales and segment profit, in conjunction with the sustained underperformance of the sweet baked goods category, led to a further reduction of the projected long-term growth rate and royalty rate for the Sweet Baked Snacks reporting unit and the Hostess brand indefinite-lived trademark, respectively.

As a result of these declines and the narrow differences between estimated fair values and carrying values as of April 30, 2025, we performed an interim impairment analysis on the goodwill of the Sweet Baked Snacks reporting unit and the Hostess brand indefinite-lived trademark. We recognized total pre-tax impairment charges of $961.7 during the third quarter of 2026, of which $507.5 and $454.2 related to the goodwill of the Sweet Baked Snacks reporting unit and the Hostess brand indefinite-lived trademark, respectively. The goodwill impairment charge represents the full remaining carrying value of the goodwill within the Sweet Baked Snacks reporting unit and the indefinite-lived trademark impairment charge represents the excess of the carrying value over the estimated fair value. These charges were included as noncash charges in our Condensed Statement of Consolidated Income and Condensed Statement of Consolidated Cash Flows. As a result of the goodwill impairment charge, we completed an impairment review of the remaining long-lived assets within the Sweet Baked Snacks reporting unit and did not recognize any additional impairment charges. Furthermore, we reassessed the long-term strategic expectations for the Hostess brand, inclusive of the impact of recent category trends, resulting in the reprioritization of our investments in growth brands outside of the reporting unit and the brand being reclassified as a finite-lived intangible asset as of January 31, 2026. The reclassification will result in annual amortization expense of $38.8. There were no other indicators of impairment during the third quarter of 2026, and as a result, we do not believe that any of our remaining reporting units or material indefinite-lived intangible assets are more likely than not impaired as of January 31, 2026.

During the third quarter of 2025, we recognized total pre-tax impairment charges of $1.0 billion, of which $794.3 and $208.2 related to the goodwill of the Sweet Baked Snacks reporting unit and the Hostess brand indefinite-lived trademark, respectively, due to a decline in both actual and forecasted net sales, reflecting underperformance of the business, increased inflationary pressures, and diminished consumer discretionary income. These charges were included as noncash charges in our Condensed Statement of Consolidated Income and Condensed Statement of Consolidated Cash Flows.
v3.25.4
Debt and Financing Arrangements
 9 Months Ended
Jan. 31, 2026
Debt Disclosure [Abstract]  
Debt and Financing Arrangements
The following table summarizes the components of our long-term debt.
 January 31, 2026April 30, 2025
 Principal
Outstanding
Carrying
Amount (A)
Principal
Outstanding
Carrying
Amount (A)
3.38% Senior Notes due December 15, 2027
$500.0 $499.2 $500.0 $498.9 
5.90% Senior Notes due November 15, 2028
750.0 746.6 750.0 745.7 
2.38% Senior Notes due March 15, 2030
500.0 498.0 500.0 497.7 
2.13% Senior Notes due March 15, 2032
364.5 361.7 364.5 361.3 
6.20% Senior Notes due November 15, 2033
1,000.0 993.1 1,000.0 992.4 
4.25% Senior Notes due March 15, 2035
650.0 646.3 650.0 645.9 
2.75% Senior Notes due September 15, 2041
177.5 176.1 177.5 176.1 
6.50% Senior Notes due November 15, 2043
750.0 737.7 750.0 737.2 
4.38% Senior Notes due March 15, 2045
600.0 589.6 600.0 589.2 
3.55% Senior Notes due March 15, 2050
161.2 159.3 161.2 159.3 
6.50% Senior Notes due November 15, 2053
1,000.0 983.7 1,000.0 983.2 
Term Loan Credit Agreement due March 5, 2027450.0 450.0 650.0 649.9 
Total long-term debt$6,903.2 $6,841.3 $7,103.2 $7,036.8 
(A) Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.
In March 2025, we entered into a $650.0 senior unsecured delayed-draw Term Loan Credit Agreement (“Term Loan”). Borrowings under the Term Loan bear interest on the prevailing Secured Overnight Financing Rate (“SOFR”) and are payable at the end of the borrowing term. The Term Loan matures on March 5, 2027, and does not require scheduled amortization payments. Voluntary prepayments are permitted without premium or penalty. On March 14, 2025, the full amount was drawn on the Term Loan to partially finance the repayment of $1.0 billion in principal of our 3.50% Senior Notes due March 15, 2025. During the three months ended January 31, 2026, we prepaid $200.0. As of January 31, 2026, the interest rate on the Term Loan was 4.77 percent. Subsequent to the quarter, we prepaid an additional $100.0 on the Term Loan.
In December 2024, we commenced cash tender offers to purchase up to $300.0 aggregate purchase price, not including accrued and unpaid interest, of certain outstanding Senior Notes. As a result, an aggregate principal amount of $122.5 of our 2.750% Senior Notes due 2041 and $138.8 of our 3.550% Senior Notes due 2050 were tendered and accepted, and $194.1 of our 2.125% Senior Notes due 2032 were tendered, of which $135.5 was accepted. We recorded a net gain on the extinguishment of debt of $30.3 during the three and nine months ended January 31, 2025, included within other debt gains (charges) – net on the Condensed Statement of Consolidated Income. Components of the net gain include debt carrying value write-off of $335.9 (inclusive of terminated interest rate contract, debt issuance costs, and discounts), net of the reacquisition price of $300.0, debt tender fees of $1.1, and a loss on the associated reverse treasury locks of $4.5. For additional information, see Note 10: Derivative Financial Instruments.
We have available a $2.0 billion unsecured revolving credit facility with a group of ten banks that matures in March 2030. Borrowings under the revolving credit facility bear interest on the prevailing U.S. Prime Rate, SOFR, Euro Interbank Offered Rate, or Canadian Overnight Repo Rate Average, based on our election. Interest is payable either on a quarterly basis or at the end of the borrowing term. We did not have a balance outstanding under the revolving credit facility as of January 31, 2026, or April 30, 2025.
We participate in a commercial paper program under which we can issue short-term, unsecured commercial paper not to exceed $2.0 billion at any time. The commercial paper program is backed by our revolving credit facility and reduces what we can borrow under the revolving credit facility by the amount of commercial paper outstanding. Commercial paper is used as a continuing source of short-term financing for general corporate purposes. As of January 31, 2026, and April 30, 2025, we had $487.0 and $641.0 of short-term borrowings outstanding, respectively, which were issued under our commercial paper program at weighted-average interest rates of 3.85 and 4.73 percent, respectively.

Interest paid totaled $133.5 and $126.9 for the three months ended January 31, 2026 and 2025, respectively, and $332.2 and $341.8 for the nine months ended January 31, 2026 and 2025, respectively. This differs from interest expense due to the timing of interest payments, capitalized interest, the effect of interest rate contracts, amortization of debt issuance costs and discounts, and the payment of other debt fees.

Our debt instruments contain covenant restrictions, including an interest coverage ratio. As of January 31, 2026, we are in compliance with all covenants.
v3.25.4
Pensions and Other Postretirement Benefits
 9 Months Ended
Jan. 31, 2026
Retirement Benefits [Abstract]  
Pensions and Other Postretirement Benefits
The following table summarizes our net periodic benefit cost for defined benefit pension and other postretirement benefit plans.
Three Months Ended January 31,
Defined Benefit Pension PlansOther Postretirement Benefits
2026202520262025
Service cost$0.2 $0.1 $0.2 $0.2 
Interest cost3.8 4.5 0.6 0.7 
Expected return on plan assets(3.3)(3.1)— — 
Amortization of net actuarial loss (gain)0.9 1.1 (0.5)(0.5)
Amortization of prior service cost (credit)— — (0.2)(0.2)
Settlement loss (gain)7.8 — — — 
Net periodic benefit cost$9.4 $2.6 $0.1 $0.2 
Nine Months Ended January 31,
 Defined Benefit Pension PlansOther Postretirement Benefits
 2026202520262025
Service cost$0.5 $0.5 $0.5 $0.5 
Interest cost11.4 13.3 1.8 2.0 
Expected return on plan assets(10.0)(9.3)— — 
Amortization of net actuarial loss (gain)2.9 3.3 (1.4)(1.5)
Amortization of prior service cost (credit)0.1 0.1 (0.5)(0.5)
Settlement loss (gain)7.8 — — — 
Net periodic benefit cost$12.7 $7.9 $0.4 $0.5 
In October 2023, we approved an amendment to terminate one of our U.S. qualified defined benefit plans, effective as of December 31, 2023. We provided notice to participants of the intent to terminate the plan and applied for a determination letter from the Internal Revenue Service. Pension obligations will be distributed through a combination of lump sum payments to eligible plan participants and through the purchase of a group annuity contract. During the plan year ended December 31, 2023, the asset allocation for the plan’s assets was adjusted in anticipation of the plan termination. Upon settlement of the pension obligations, we will reclassify unrecognized actuarial gains or losses, currently recorded in accumulated other comprehensive income (loss), to the Statement of Consolidated Income (Loss) as a settlement gain or charge. As of January 31, 2026, we had unrecognized losses related to the plan of $35.9. We anticipate the termination process will be substantially complete by the end of 2026. As a result of significant lump sum payments during the third quarter of 2026, we recognized a noncash pre-tax settlement charge of $7.8 to accelerate the unrecognized losses within accumulated other comprehensive income (loss) that would have otherwise been recognized in subsequent periods. The settlement charge was included within other income (expense) - net in the Condensed Statement of Consolidated Income (Loss).
We made contributions of $0.7 and $1.0 to our U.S. qualified defined benefit pension plans for the nine months ended January 31, 2026 and 2025, respectively and direct benefit payments of $2.7 for both the nine months ended January 31, 2026 and 2025.
v3.25.4
Derivative Financial Instruments
 9 Months Ended
Jan. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
We are exposed to market risks, such as changes in commodity prices, foreign currency exchange rates, and interest rates. To manage the volatility related to these exposures, we enter into various derivative transactions. We have policies in place that define acceptable instrument types we may enter into and establish controls to limit our market risk exposure. By policy, we do not enter into derivative transactions for speculative purposes.
Commodity Derivatives: We enter into commodity derivatives to manage the price volatility and reduce the variability of future cash flows related to anticipated inventory purchases of key raw materials, notably green coffee, wheat, soybean meal, corn, and edible oils. We also enter into commodity derivatives to manage price risk for energy input costs, including diesel fuel and natural gas. Our derivative instruments generally have maturities of less than one year.
We do not qualify commodity derivatives for hedge accounting treatment, and as a result, the derivative gains and losses are immediately recognized in earnings. Although we do not perform the assessments required to achieve hedge accounting for derivative positions, we believe all of our commodity derivatives are economic hedges of our risk exposure.
The commodities hedged have a high inverse correlation to price changes of the derivative instrument. Thus, we would expect that over time any gain or loss in the estimated fair value of its derivatives would generally be offset by an increase or decrease in the estimated fair value of the underlying exposures.
Foreign Currency Exchange Derivatives: We utilize foreign currency derivatives to manage the effect of foreign currency exchange fluctuations on future cash payments primarily related to purchases of certain raw materials and finished goods. The contracts generally have maturities of less than one year. We do not qualify instruments used to manage foreign currency exchange exposures for hedge accounting treatment and believe all of our foreign currency derivatives are economic hedges of our risk exposure.
Interest Rate Derivatives: From time to time, we utilize derivative instruments to manage interest rate risk associated with anticipated debt transactions, as well as to manage changes in the fair value of our long-term debt. At the inception of an interest rate contract, the instrument is evaluated and documented for qualifying hedge accounting treatment. If the contract is designated as a cash flow hedge, the mark-to-market gains or losses on the contract are deferred and included as a component of accumulated other comprehensive income (loss) and generally reclassified to interest expense in the period during which the hedged transaction affects earnings. If the contract is designated as a fair value hedge, the contract is recognized at fair value on the balance sheet, and changes in the fair value are recognized in interest expense. Generally, changes in the fair value of the contract are equal to changes in the fair value of the underlying debt and have no net impact on earnings.
In November 2024, we entered into reverse treasury locks to manage our exposure to interest rate fluctuations related to the tender offers. In December 2024, concurrent with the pricing of the tender offers, we settled the reverse treasury locks and realized a net loss of $4.5 during the three months ended January 31, 2025, recognized in earnings within other debt gains (charges) – net on the Condensed Statement of Consolidated Income, netting with the gain on extinguishment associated with the tender offers. For additional information, see Note 8: Debt and Financing Arrangements.
The following table presents the gross notional value of outstanding derivative contracts.
January 31, 2026April 30, 2025
Commodity contracts$403.1 $1,698.1 
Foreign currency exchange contracts101.2 122.4 
The following tables set forth the gross fair value amounts of derivative instruments recognized in the Condensed Consolidated Balance Sheets.
 January 31, 2026
 Other
Current
Assets		Other
Current
Liabilities		Other
Noncurrent
Assets		Other
Noncurrent
Liabilities
Derivatives not designated as hedging instruments:
Commodity contracts$10.4 $4.8 $— $— 
Foreign currency exchange contracts0.1 1.1 — — 
Total derivative instruments$10.5 $5.9 $— $— 
 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 contracts0.8 1.5 — — 
Total derivative instruments$82.3 $20.2 $— $— 
We have elected to not offset fair value amounts recognized for our exchange-traded derivative instruments and our cash margin accounts executed with the same counterparty that are generally subject to enforceable netting agreements. We are required to maintain cash margin accounts in connection with funding the settlement of our open positions. Our cash margin
accounts represented collateral pledged of $2.7 and $37.5 at January 31, 2026, and April 30, 2025, respectively, and are included in other current assets in the Condensed Consolidated Balance Sheets. The change in the cash margin accounts is included within investing activities in the Condensed Statements of Consolidated Cash Flows. In the event of default and immediate net settlement of all of our open positions with individual counterparties, all of our derivative liabilities would be fully offset by either our derivative asset positions or margin accounts based on the net asset or liability position with our individual counterparties. Cash flows associated with the settlement of derivative instruments are classified in the same line item as the cash flows of the related hedged item, which is within operating activities in the Condensed Statements of Consolidated Cash Flows.
Economic Hedges
The following table presents the net gains and losses recognized in cost of products sold in the Condensed Statements of Consolidated Income (Loss) on derivatives not designated as hedging instruments.
 Three Months Ended January 31,Nine Months Ended January 31,
 2026202520262025
Derivative gains (losses) on commodity contracts$25.1 $60.1 $(142.8)$50.7 
Derivative gains (losses) on foreign currency exchange contracts(1.7)3.8 (0.1)5.5 
Total derivative gains (losses) recognized in cost of products sold$23.4 $63.9 $(142.9)$56.2 
Commodity and foreign currency exchange derivative gains and losses are reported in unallocated derivative gains and losses outside of segment operating results until the related inventory is sold. At that time, we reclassify the hedge gains and losses from unallocated derivative gains and losses to segment profit, allowing our segments to realize the economic effect of the hedge without experiencing any mark-to-market volatility.
The following table presents the net change in cumulative unallocated derivative gains and losses.
 Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Net derivative gains (losses) recognized and classified as unallocated$23.4 $63.9 $(142.9)$56.2 
Less: Net derivative gains (losses) reclassified to segment operating profit(35.9)3.9 (52.1)14.5 
Change in net cumulative unallocated derivative gains and losses$59.3 $60.0 $(90.8)$41.7 
As of January 31, 2026, the net cumulative unallocated derivative losses were $10.0, and at April 30, 2025, the net cumulative unallocated derivative gains were $80.8.
Cash Flow Hedges
The following table presents information on the pre-tax gains and losses recognized on all contracts previously designated as cash flow hedges.
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Gains (losses) recognized in other comprehensive income (loss)$— $— $— $— 
Less: Gains (losses) reclassified from accumulated other comprehensive income (loss) to interest expense – net (A)
(3.1)(3.0)(9.4)(9.8)
Less: Gains (losses) reclassified from accumulated other comprehensive income (loss) to other debt gains (charges) – net (B)
— (56.9)— (56.9)
Change in accumulated other comprehensive income (loss)$3.1 $59.9 $9.4 $66.7 
(A)Interest expense – net, as presented in the Condensed Statements of Consolidated Income (Loss) was $94.5 and $95.4 for the three months ended January 31, 2026 and 2025, respectively and, $293.3 and $294.5 for the nine months ended January 31, 2026 and 2025. The reclassification includes terminated contracts which were designated as cash flow hedges.
(B)Other debt gains (charges) – net, as presented in the Condensed Statement of Consolidated Income was $30.3 for the three and nine months ended January 31, 2025. The reclassification is related to the debt extinguishment due to the tender offers, as discussed in Note 8: Debt and Financing Arrangements.
Included as a component of accumulated other comprehensive income (loss) at January 31, 2026 and April 30, 2025, were deferred net pre-tax losses of $108.0 and $117.4, respectively, related to the terminated interest rate contracts associated with the Senior Notes due March 15, 2030 and March 15, 2050, which were terminated in 2020. The related net tax benefit recognized in accumulated other comprehensive income (loss) at January 31, 2026 and April 30, 2025, was $25.1 and $27.3, respectively. Approximately $12.5 of the net pre-tax loss will be recognized over the next 12 months related to the terminated interest rate contracts.
v3.25.4
Other Financial Instruments and Fair Value Measurements
 9 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Other Financial Instruments and Fair Value Measurements
Financial instruments, other than derivatives, that potentially subject us to significant concentrations of credit risk consist principally of cash investments, short-term borrowings, and trade receivables. The carrying value of these financial instruments approximates fair value. Our remaining financial instruments, with the exception of long-term debt, are recognized at estimated fair value in the Condensed Consolidated Balance Sheets.
The following table provides information on the carrying amounts and fair values of our financial instruments.
 January 31, 2026April 30, 2025
 Carrying
Amount		Fair ValueCarrying
Amount		Fair Value
Marketable securities and other investments$19.3 $19.3 $20.0 $20.0 
Derivative financial instruments – net4.6 4.6 62.1 62.1 
Total long-term debt(6,841.3)(6,845.7)(7,036.8)(7,242.0)
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Valuation techniques are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions.
The following tables summarize the fair values and the levels within the fair value hierarchy in which the fair value measurements fall for our financial instruments.
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value at January 31, 2026
Marketable securities and other investments: (A)
Equity mutual funds$4.3 $— $— $4.3 
Municipal obligations— 14.1 — 14.1 
Money market funds0.9 — — 0.9 
Derivative financial instruments: (B)
Commodity contracts – net5.7 (0.1)— 5.6 
Foreign currency exchange contracts – net— (1.0)— (1.0)
Total long-term debt (C)
(6,372.6)(473.1)— (6,845.7)
Total financial instruments measured at fair value$(6,361.7)$(460.1)$— $(6,821.8)
 Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value at April 30, 2025
Marketable securities and other investments: (A)
Equity mutual funds$4.0 $— $— $4.0 
Municipal obligations— 15.8 — 15.8 
Money market funds0.2 — — 0.2 
Derivative financial instruments: (B)
Commodity contracts – net62.8 — — 62.8 
Foreign currency exchange contracts – net— (0.7)— (0.7)
Total long-term debt (C)
(6,532.5)(709.5)— (7,242.0)
Total financial instruments measured at fair value$(6,465.5)$(694.4)$— $(7,159.9)
(A)Marketable securities and other investments consist of funds maintained for the payment of benefits associated with nonqualified retirement plans. The funds include equity securities listed in active markets, municipal obligations valued by a third-party using valuation techniques that utilize inputs that are derived principally from or corroborated by observable market data, and money market funds with maturities of three months or less. Based on the short-term nature of these money market funds, carrying value approximates fair value. As of January 31, 2026, our municipal obligations are scheduled to mature as follows: $0.1 in 2026, $3.9 in 2027, $0.4 in 2028, $2.0 in 2029, $0.6 in 2030, and the remaining $7.1 in 2031 and beyond.
(B)Level 1 commodity and foreign currency exchange derivatives are valued using quoted market prices for identical instruments in active markets. Level 2 commodity and foreign currency exchange derivatives are valued using quoted prices for similar assets or liabilities in active markets. For additional information, see Note 10: Derivative Financial Instruments.
(C)Long-term debt is composed of public Senior Notes classified as Level 1 and the Term Loan classified as Level 2. The public Senior Notes are traded in an active secondary market and valued using quoted prices. The fair value of the Term Loan is based on the net present value of each interest and principal payment calculated utilizing an interest rate derived from an estimated yield curve obtained from independent pricing sources for similar types of term loan borrowing arrangements. For additional information, see Note 8: Debt and Financing Arrangements.
During the third quarter of 2026, we recognized nonrecurring fair value adjustments of $961.7, of which $507.5 and $454.2 related to the goodwill of the Sweet Baked Snacks reporting unit and the Hostess brand indefinite-lived trademark, respectively. These adjustments were included as noncash charges in our Condensed Statement of Consolidated Income. We utilized Level 3 inputs based on management’s best estimates and assumptions to estimate the fair values of the reporting unit and the indefinite-lived trademark. For additional information, see Note 7: Goodwill and Other Intangible Assets.
v3.25.4
Leases
 9 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Leases
We lease certain warehouses, manufacturing facilities, office space, equipment, and vehicles, primarily through operating lease agreements. We have elected to not recognize leases with a term of 12 months or less in the Condensed Consolidated Balance Sheets. Instead, we recognize the related lease expense on a straight-line basis over the lease term.
Although the majority of our right-of-use asset and lease liability balances consist of leases with renewal options, these optional periods do not typically impact the lease term as we are not reasonably certain to exercise them. Certain leases also include termination provisions or options to purchase the leased property. Since we are not reasonably certain to exercise these types of options, minimum lease payments do not include any amounts related to these termination or purchase options. Our lease agreements generally do not contain residual value guarantees or restrictive covenants that are material.
We determine if an agreement is or contains a lease at inception by evaluating whether an identified asset exists that we control over the term of the arrangement. A lease commences when the lessor makes the identified asset available for our use. We generally account for lease and non-lease components as a single lease component. Minimum lease payments do not include variable lease payments other than those that depend on an index or rate.
Because the interest rate implicit in the lease cannot be readily determined for the majority of our leases, we utilize our incremental borrowing rate to present value lease payments using information available at the lease commencement date. We consider our credit rating and the current economic environment in determining this collateralized rate.
The following table sets forth the right-of-use assets and lease liabilities recognized in the Condensed Consolidated Balance Sheets.
January 31, 2026April 30, 2025
Operating lease right-of-use assets$153.0 $115.4 
Operating lease liabilities:
Current operating lease liabilities$33.6 $37.5 
Noncurrent operating lease liabilities
126.1 84.1 
Total operating lease liabilities$159.7 $121.6 
Finance lease right-of-use assets:
Machinery and equipment
$22.9 $25.4 
Accumulated depreciation
(13.2)(13.5)
Total property, plant, and equipment$9.7 $11.9 
Finance lease liabilities:
Other current liabilities
$3.2 $3.3 
Other noncurrent liabilities
7.2 9.2 
Total finance lease liabilities$10.4 $12.5 
The following table summarizes the components of lease expense.
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Operating lease cost$11.9 $11.0 $35.9 $35.5 
Finance lease cost:
Amortization of right-of-use assets 0.9 0.9 2.6 2.5 
Interest on lease liabilities
0.1 0.2 0.4 0.5 
Variable lease cost5.4 3.9 16.8 16.2 
Short-term lease cost10.2 9.4 31.0 33.3 
Total lease cost (A)
$28.5 $25.4 $86.7 $88.0 
(A)Total lease cost does not include sublease income which is immaterial for all years presented.
The following table sets forth cash flow and noncash information related to leases.
Nine Months Ended January 31,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$35.3 $36.5 
Operating cash flows from finance leases 0.4 0.4 
Financing cash flows from finance leases
2.7 2.6 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases68.0 8.7 
Finance leases
0.4 2.6 
The following table summarizes the maturity of our lease liabilities by fiscal year.
January 31, 2026
Operating LeasesFinance Leases
2026 (remainder of the year)$11.1 $0.9 
202735.7 3.6 
202827.0 3.4 
202925.4 2.0 
203025.3 0.8 
2031 and beyond 61.8 0.6 
Total undiscounted minimum lease payments $186.3 $11.3 
Less: Imputed interest26.6 0.9 
Lease liabilities $159.7 $10.4 
We entered into a lease and financing agreement with the Development Authority of Columbus, Georgia (the “Development Authority”), effective December 1, 2025, in connection with a taxable revenue bond transaction between Hostess Brands, LLC and the Development Authority on December 30, 2025 (the “Bond Transaction”). The Bond Transaction required Hostess Brands, LLC to exchange its property to the taxing jurisdiction for one or more tax-exempt bonds issued in the name of Hostess Brands, LLC not to exceed $120.6. As both the owner of the bonds and the lessee of the project, we are not required to make lease payments as our obligation to pay rent is equal to the Development Authority’s obligation to pay debt service on the bonds. Further, in connection with the Bond Transaction, we received a letter agreement from the Columbus, Georgia Board of Tax Assessors granting tax abatement for certain real and personal property located at our Columbus, Georgia bakery through 2045, subject to certain commitments. We have elected to use the right of offset under Accounting Standards Codification 210-20 to net the asset and the liability.
The following table sets forth the weighted average remaining lease term and discount rate.
January 31, 2026April 30, 2025
Weighted average remaining lease term (in years):
Operating leases
6.26.1
Finance leases 3.54.0
Weighted average discount rate:
Operating leases4.8 %4.6 %
Finance leases
5.1 %5.0 %
v3.25.4
Income Taxes
 9 Months Ended
Jan. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
Income tax expense (benefit) for the three months ended January 31, 2026 and 2025, was $72.3 and $(0.2), respectively. The effective income tax rate for the third quarter of 2026 varied from the U.S. statutory income tax rate of 21.0 percent primarily due to state income taxes and an unfavorable permanent impact associated with the goodwill impairment charge for the Sweet Baked Snacks reporting unit. The effective income tax rate for the third quarter of 2025 varied from the U.S. statutory income tax rate of 21.0 percent primarily due to state income taxes and an unfavorable permanent impact associated with the goodwill impairment charge for the Sweet Baked Snacks reporting unit, partially offset by the reversal of a deferred tax liability upon completion of the sale of the Voortman Cookies Limited entity, and a favorable noncash deferred tax benefit associated with the integration of Hostess Brands into our Company.

Income tax expense (benefit) for the nine months ended January 31, 2026 and 2025, was $136.8 and $152.1, respectively. The effective income tax rate for the first nine months of 2026 varied from the U.S. statutory income tax rate of 21.0 percent primarily due to state income taxes and an unfavorable permanent impact associated with the goodwill impairment charge for the Sweet Baked Snacks reporting unit. The effective income tax rate for the first nine months of 2025 varied from the U.S. statutory income tax rate of 21.0 percent primarily due to state income taxes and unfavorable permanent impacts associated with the goodwill impairment charge for the Sweet Baked Snacks reporting unit and the sale of the Voortman business, partially offset by the favorable noncash deferred tax benefit associated with the integration of Hostess Brands into our Company.
Within the next 12 months, it is reasonably possible that we could decrease our unrecognized tax benefits by an estimated $1.1, primarily as a result of the expiration of statute of limitation periods.
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (the “Act”). The corporate tax changes included in the Act did not have a material impact on our effective income tax rate during the three and nine months ended January 31, 2026, and we do not anticipate a material impact on our effective income tax rate in future periods. The Act’s provisions for accelerated tax deductions will reduce our cash income tax requirements for the current year.
v3.25.4
Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Jan. 31, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss), including the reclassification adjustments for items that are reclassified from accumulated other comprehensive income (loss) to net income (loss), are shown below.
Foreign
Currency
Translation
Adjustment
Net Gains (Losses)
on Cash Flow
Hedging
Derivatives (A)
Pension and
Other
Postretirement
Liabilities (B)
Unrealized 
Gain (Loss)
on Available-
for-Sale
Securities		Accumulated
Other
Comprehensive
Income (Loss)
Balance at May 1, 2025$(41.7)$(90.1)$(53.2)$0.5 $(184.5)
Reclassification adjustments— 9.4 8.9 — 18.3 
Current period credit (charge)2.8 — (1.4)0.7 2.1 
Income tax benefit (expense)— (2.2)(1.7)(0.2)(4.1)
Balance at January 31, 2026$(38.9)$(82.9)$(47.4)$1.0 $(168.2)
 Foreign
Currency
Translation
Adjustment
Net Gains (Losses)
on Cash Flow
Hedging
Derivatives (A)
Pension and
Other
Postretirement
Liabilities (B)
Unrealized
Gain (Loss)
on Available-
for-Sale
Securities		Accumulated
Other
Comprehensive
Income (Loss)
Balance at May 1, 2024$(39.2)$(143.1)$(53.4)$1.1 $(234.6)
Reclassification adjustments— 66.7 1.4 — 68.1 
Current period credit (charge)(14.3)— — (0.5)(14.8)
Income tax benefit (expense)— (15.7)(0.4)0.1 (16.0)
Balance at January 31, 2025$(53.5)$(92.1)$(52.4)$0.7 $(197.3)
(A)The reclassification from accumulated other comprehensive income (loss) is primarily composed of deferred gains (losses) related to terminated interest rate contracts which were reclassified to interest expense – net. In addition, a portion of the reclassification in 2025 was reclassified to other debt gains (charges) – net resulting from the extinguishment of debt from the tender offers. For additional information, see Note 8: Debt and Financing Arrangements and Note 10: Derivative Financial Instruments.
(B)The reclassification from accumulated other comprehensive income (loss) to other income (expense) – net is composed of settlement charges and amortization of net losses and prior service costs. For additional information, see Note 9: Pensions and Other Postretirement Benefits.
v3.25.4
Contingencies
 9 Months Ended
Jan. 31, 2026
Contingency [Abstract]  
Contingencies
We, like other food manufacturers, are from time to time subject to various administrative, regulatory, and other legal proceedings arising in the ordinary course of business. We are currently a defendant in a variety of such legal proceedings, and while we cannot predict with certainty the ultimate results of these proceedings or potential settlements associated with these or other matters, we have accrued losses for certain contingent liabilities that we have determined are probable and reasonably estimable at January 31, 2026. Based on the information known to date, with the exception of the matters discussed below, we do not believe the final outcome of these proceedings will have a material adverse effect on our financial position, results of operations, or cash flows.
Class Action Lawsuits: We are defendants in a series of putative class action lawsuits that were transferred to the U.S. District Court for the Western District of Missouri for coordinated pre-trial proceedings. The plaintiffs assert claims arising under various state laws for false advertising, consumer protection, deceptive and unfair trade practices, and similar statutes. Their claims are premised on allegations that we have misrepresented the number of servings that can be made from various canisters of Folgers coffee on the packaging for those products. The outcome and the financial impact of these cases, if any, cannot be predicted at this time. Accordingly, no loss contingency has been recorded for these matters as of January 31, 2026, as the likelihood of loss is not considered probable or reasonably estimable. However, if we are required to pay significant damages,
our business and financial results could be adversely impacted, and sales of those products could suffer not only in these locations but elsewhere.
Voortman Contingency: In December 2020, Hostess Brands asserted claims for indemnification against the sellers (the “Sellers”) under the terms of a Share Purchase Agreement (the “Purchase Agreement”) pursuant to which Hostess Brands acquired Voortman Cookies Limited (“Voortman”). The claims were for damages arising out of alleged breaches by the Sellers of certain representations, warranties, and covenants contained in the Purchase Agreement relating to periods prior to the closing of the acquisition. Hostess Brands also submitted claims relating to these alleged breaches under the representation and warranty insurance policy (“RWI”) that was purchased in connection with the acquisition. In the third quarter of calendar 2022, the RWI insurers paid Hostess Brands $42.5 CAD (the RWI coverage limit) (the “Proceeds”) related to these breaches. Per agreement with the RWI insurers, we will not be required to return the Proceeds under any circumstances.
On November 3, 2022, pursuant to the agreement with the RWI insurers, Voortman brought claims in the Ontario (Canada) Superior Court of Justice (the “Claim”), related to the breaches against certain of the Sellers. The Claim alleges the seller defendants made certain non-disclosures and misrepresentations to induce Hostess Brands to overpay for Voortman. We are seeking damages of $109.0 CAD representing the amount of the aggregate liability of the Sellers for indemnification under the Purchase Agreement, $5.0 CAD in punitive or aggravated damages, interest, proceedings fees, and any other relief the presiding court deems appropriate. A portion of any recovery will be shared with the RWI insurers. Although we believe that the Claim is meritorious, no assurance can be given as to whether we will recover all, or any part, of the amounts being pursued. We retained rights to the Claim upon the divestiture of the Voortman business in 2025.
v3.25.4
Common Shares
 9 Months Ended
Jan. 31, 2026
Stockholders' Equity Note [Abstract]  
Common Shares
The following table sets forth common share information.
January 31, 2026April 30, 2025
Common shares authorized300.0 300.0 
Common shares outstanding106.7 106.4 
Treasury shares43.8 44.1 
Repurchase Program: During the nine months ended January 31, 2026 and 2025, we did not repurchase any common shares under a repurchase plan authorized by the Board of Directors (the “Board”). The shares repurchased during the nine months ended January 31, 2026 and 2025, consisted of shares repurchased from stock plan recipients in lieu of cash payments. As of January 31, 2026, approximately 1.1 million common shares remain available for repurchase pursuant to the Board’s authorizations.
v3.25.4
Supplier Financing Program
 9 Months Ended
Jan. 31, 2026
Payables and Accruals [Abstract]  
Supplier Finance Program
As part of ongoing efforts to maximize working capital, we work with our suppliers to optimize our terms and conditions, which includes the extension of payment terms. Payment terms with our suppliers, which we deem to be commercially reasonable, range from 0 to 180 days. We have an agreement with a third-party administrator to provide an accounts payable tracking system and facilitate a supplier financing program which allows participating suppliers the ability to monitor and voluntarily elect to sell our payment obligations to a designated third-party financial institution. Participating suppliers can sell one or more of our payment obligations at their sole discretion. We have no economic interest in a supplier’s decision to enter into these agreements. Our rights and obligations to our suppliers, including amounts due and scheduled payment terms, are not impacted by our suppliers’ decisions to sell amounts under these arrangements. However, our right to offset balances due from suppliers against our payment obligations is restricted by the agreement for those payment obligations that have been sold by our suppliers. The payment of these obligations is included in cash provided by operating activities in the Condensed Statements of Consolidated Cash Flows. Included in accounts payable in the Condensed Consolidated Balance Sheets as of January 31, 2026, and April 30, 2025, were $296.1 and $340.4 of our outstanding payment obligations, respectively, that were elected and sold to a financial institution by participating suppliers. During the first nine months of 2026 and 2025, we paid $938.2 and $1,211.9, respectively, to a financial institution for payment obligations that were settled through the supplier financing program.
v3.25.4
Insider Trading Arrangements
 9 Months Ended
Jan. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Recently Issued Accounting Standards (Policies)
 9 Months Ended
Jan. 31, 2026
Accounting Changes and Error Corrections [Abstract]  
Recently Issued Accounting Standards
Recently Adopted Accounting Standard: In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures. ASU 2023-07 improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses on an interim and annual basis. This ASU requires entities to provide significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), other segment expenses included in each reported measure of segment profitability, and disclosure of the title and position of the CODM. We adopted the interim disclosure requirements on a retrospective basis during the first quarter of 2026, which are presented in Note 5: Reportable Segments. The annual disclosure requirements were adopted during 2025. The adoption of this standard did not have a material impact on our consolidated financial statements.
Recently Issued Accounting Standards Not Yet Adopted: In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. ASU 2025-06 will modernize the accounting guidance for the costs to develop software for internal use by removing all references to software development project stages so that the guidance is neutral to different software development methods. The ASU requires entities to begin capitalizing software costs when management authorizes and commits to funding the software project and it is probable that the project will be completed and the software will be used for its intended purpose. It will be effective for our annual and interim periods beginning May 1, 2028, with the option to early adopt at any time prior to the effective date on either a prospective or retrospective basis. We do not anticipate any impact to our results of operations, financial position, or cash flows upon adoption and are currently evaluating the impacts of the standard on our disclosures.
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. ASU 2024-03 will provide investors with more decision-useful information about an entity’s expenses by improving disclosures on income statement expenses. The amendments in this ASU will require public business entities to disclose disaggregated information about specific categories underlying certain income statement expense line items. It will be effective for our annual period beginning May 1, 2027, and interim periods beginning May 1, 2028, with the option to early adopt at any time prior to the effective dates on either a prospective or retrospective basis. We do not anticipate any impact to our results of operations, financial position, or cash flows upon adoption and are currently evaluating the impacts of the standard on our disclosures.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures. ASU 2023-09 will improve the transparency and decision usefulness of income tax disclosures to better assess how operations and related tax risks affect tax rates and future cash flows on an interim and annual basis. It is effective for our annual period beginning May 1, 2025, and can be adopted either on a prospective or retrospective basis. We do not anticipate any impact to our results of operations, financial position, or cash flows upon adoption and are currently evaluating the impacts of the standard on our disclosures.
v3.25.4
Special Project Costs (Tables)
 9 Months Ended
Jan. 31, 2026
Restructuring and Related Activities [Abstract]  
Schedule Of Integration Costs
The following table summarizes our integration costs incurred related to the acquisition of Hostess Brands.
Three Months Ended January 31,Nine Months Ended January 31,
Total Costs Incurred to Date at January 31, 2026
2026202520262025
Transaction costs$— $— $— $— $99.0 
Employee-related costs0.4 2.5 0.8 9.5 43.8 
Other transition and termination costs— 5.3 0.7 25.4 43.6 
Total integration costs$0.4 $7.8 $1.5 $34.9 $186.4 
Schedule of Restructuring Costs
The following table summarizes our restructuring costs incurred related to the restructuring program.
Three Months Ended January 31,Nine Months Ended January 31,Total Costs Incurred to Date at
January 31, 2026
20262026
Employee-related costs$0.6 $6.4 $6.4 
Other transition and termination costs25.9 68.0 68.0 
Total restructuring costs$26.5 $74.4 $74.4 
v3.25.4
Reportable Segments (Tables)
 9 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segment information
The following tables reconcile segment profit to income before income taxes.
Three Months Ended January 31, 2026
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksInternational and Away From HomeTotal
Net sales$908.2 $454.0 $417.1 $224.8 $335.3 $2,339.4 
 Segment cost of products sold (A)
629.8 290.3 231.3 170.9 226.3 
 Segment selling and distribution expenses (B)
79.3 60.3 67.2 42.5 36.8 
 Other segment items (C)
0.1 (0.2)(3.3)(0.8)0.2 
Segment profit$199.0 $103.6 $121.9 $12.2 $72.0 $508.7 
Reconciliation of segment profit:
Amortization(50.3)
Goodwill impairment charges(507.5)
Other intangible assets impairment charges(454.2)
Interest expense – net(94.5)
Change in net cumulative unallocated derivative gains and losses59.3 
Cost of products sold – special project costs (D)
(22.3)
Other special project costs (D)
(5.0)
Corporate administrative expenses(77.1)
Other income (expense) – net (D)
(9.0)
Income before income taxes$(651.9)
Nine Months Ended January 31, 2026
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksInternational and Away From HomeTotal
Net sales$2,474.3 $1,399.8 $1,198.3 $734.1 $976.3 $6,782.8 
 Segment cost of products sold (A)
1,730.8 876.0 660.6 538.0 653.5 
 Segment selling and distribution expenses (B)
255.4 203.0 201.8 126.9 110.7 
 Other segment items (C)
0.6 0.8 (11.7)1.0 (1.8)
Segment profit$487.5 $320.0 $347.6 $68.2 $213.9 $1,437.2 
Reconciliation of segment profit:
Amortization(150.7)
Goodwill impairment charges(507.5)
Other intangible assets impairment charges(454.2)
Interest expense – net(293.3)
Change in net cumulative unallocated derivative gains and losses(90.8)
Cost of products sold – special project costs (D)
(60.7)
Other special project costs (D)
(16.6)
Corporate administrative expenses(241.0)
Other income (expense) – net (D)
(12.4)
Income before income taxes$(390.0)
Three Months Ended January 31, 2025
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksInternational and Away From HomeTotal
Net sales$740.6 $445.2 $423.0 $278.6 $298.6 $2,186.0 
 Segment cost of products sold (A)
464.5 282.2 237.8 182.9 199.4 
 Segment selling and distribution expenses (B)
74.7 62.0 73.3 42.2 38.2 
 Other segment items (C)
(7.2)1.8 (4.9)(1.3)(0.6)
Segment profit$208.6 $99.2 $116.8 $54.8 $61.6 $541.0 
Reconciliation of segment profit:
Amortization(53.9)
Goodwill impairment charges(794.3)
Other intangible assets impairment charges(208.2)
Gain (loss) on divestitures – net(50.2)
Interest expense – net(95.4)
Change in net cumulative unallocated derivative gains and losses60.0 
Cost of products sold – special project costs (D)
(1.1)
Other special project costs (D)
(10.1)
Other debt gains (charges) – net (E)
30.3 
Corporate administrative expenses(77.2)
Other income (expense) – net (3.4)
Income (loss) before income taxes$(662.5)
Nine Months Ended January 31, 2025
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksInternational and Away From HomeTotal
Net sales$2,068.0 $1,427.2 $1,268.1 $927.8 $891.2 $6,582.3 
 Segment cost of products sold (A)
1,260.2 885.7 714.4 593.9 596.7 
 Segment selling and distribution expenses (B)
230.5 204.5 211.0 135.6 119.4 
 Other segment items (C)
(6.6)2.7 (10.8)(1.5)(3.1)
Segment profit$583.9 $334.3 $353.5 $199.8 $178.2 $1,649.7 
Reconciliation of segment profit:
Amortization(165.7)
Goodwill impairment charges(794.3)
Other intangible assets impairment charges(208.2)
Gain (loss) on divestitures – net(311.0)
Interest expense – net(294.5)
Change in net cumulative unallocated derivative gains and losses41.7 
Cost of products sold – special project costs (D)
(11.7)
Other special project costs (D)
(27.9)
Other debt gains (charges) – net (E)
30.3 
Corporate administrative expenses(247.4)
Other income (expense) – net (10.7)
Income before income taxes$(349.7)
(A)     Segment cost of products sold excludes special project costs related to certain divestiture, acquisition, integration, and restructuring activities and the change in net cumulative unallocated derivative gains and losses. For more information, see Note 4: Special Project Costs and Note 10: Derivative Financial Instruments.
(B)    Segment selling and distribution expenses excludes corporate administrative expenses and special project costs that are not allocated to the segments.
(C)    Other segment items primarily reflects the loss (gain) on disposal of assets, plant administrative expenses, equity method investment income, and royalty income. Further, favorable property taxes are included in the U.S. Retail Coffee segment for the three and nine months ended January 31, 2025.
(D)    Includes special project costs related to certain divestiture, acquisition, integration, and restructuring activities. For more information, see Note 4: Special Project Costs.
(E)    Includes a net gain on extinguishment of debt as a result of tender offers completed during the third quarter of 2025. For more information, see Note 8: Debt and Financing Arrangements.
The following tables present total assets; total depreciation, amortization, and impairment charges; and total additions to property, plant, and equipment by segment.
January 31, 2026April 30, 2025
Assets:
U.S. Retail Coffee$4,731.3 $4,927.8 
U.S. Retail Frozen Handheld and Spreads3,236.4 3,263.1 
U.S. Retail Pet Foods4,638.8 4,679.3 
Sweet Baked Snacks2,334.1 3,394.9 
International and Away From Home1,215.5 1,037.1 
Unallocated (A)
109.6 261.1 
Total assets$16,265.7 $17,563.3 
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Depreciation, amortization, and impairment charges:
U.S. Retail Coffee$24.5 $24.2 $73.2 $73.0 
U.S. Retail Frozen Handheld and Spreads24.7 23.4 74.7 64.5 
U.S. Retail Pet Foods31.2 30.1 92.1 89.9 
Sweet Baked Snacks984.5 1,028.4 1,028.8 1,087.3 
International and Away From Home10.1 9.2 30.3 27.0 
Unallocated (B)
30.8 9.3 85.2 39.9 
Total depreciation, amortization, and impairment charges$1,105.8 $1,124.6 $1,384.3 $1,381.6 
Additions to property, plant, and equipment:
U.S. Retail Coffee$8.3 $13.4 $27.1 $44.0 
U.S. Retail Frozen Handheld and Spreads20.0 33.6 78.8 119.1 
U.S. Retail Pet Foods13.8 17.1 35.3 61.2 
Sweet Baked Snacks17.0 12.7 46.0 39.4 
International and Away From Home12.4 11.3 34.9 35.1 
Total additions to property, plant, and equipment$71.5 $88.1 $222.1 $298.8 
(A)Primarily represents unallocated cash and cash equivalents and corporate-held investments.
(B)Primarily represents unallocated accelerated depreciation related to restructuring activities and corporate administrative expenses, mainly consisting of depreciation and software amortization.
Geographical information
The following table presents certain geographical information.
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Net sales:
United States$2,214.4 $2,068.4 $6,426.2 $6,220.0 
International:
Canada$90.1 $89.8 $255.3 $271.9 
All other international34.9 27.8 101.3 90.4 
Total international$125.0 $117.6 $356.6 $362.3 
Total net sales$2,339.4 $2,186.0 $6,782.8 $6,582.3 
Product category information
The following table presents product category information.
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Primary Reportable Segment (A)
Coffee$1,034.0 $830.8 $2,816.6 $2,339.7 U.S. Retail Coffee
Frozen handheld231.4 210.5 738.4 679.6 U.S. Retail Frozen Handheld and Spreads
Sweet baked goods224.8 266.1 734.1 841.9 Sweet Baked Snacks
Pet snacks227.9 237.4 663.3 719.4 U.S. Retail Pet Foods
Peanut butter201.8 200.9 595.9 633.3 U.S. Retail Frozen Handheld and Spreads
Cat food204.5 197.8 581.0 581.7 U.S. Retail Pet Foods
Fruit spreads92.0 99.4 279.5 307.6 U.S. Retail Frozen Handheld and Spreads
Portion control45.4 53.1 145.9 164.0 
Other (B)
Toppings and syrups25.6 20.7 81.8 69.3 U.S. Retail Frozen Handheld and Spreads
Baking mixes and ingredients24.7 23.2 67.8 66.3 
Other (B)
Cookies— 12.9 — 86.3 Sweet Baked Snacks
Other27.3 33.2 78.5 93.2 
Other (B)
Total net sales$2,339.4 $2,186.0 $6,782.8 $6,582.3 
(A)The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category.
(B)Represents the combined International and Away From Home operating segments.
v3.25.4
Earnings per Share (Tables)
 9 Months Ended
Jan. 31, 2026
Earnings Per Share [Abstract]  
Computation of basic earnings per common share under two-class method
The following table sets forth the computation of basic and diluted earnings per share under the two-class method.
 Three Months Ended January 31,Nine Months Ended January 31,
 2026202520262025
Net income (loss)$(724.2)$(662.3)$(526.8)$(501.8)
Less: Net income (loss) allocated to participating securities— — — — 
Net income (loss) allocated to common stockholders$(724.2)$(662.3)$(526.8)$(501.8)
Weighted-average common shares outstanding106.7 106.4 106.7 106.4 
Add: Dilutive effect of stock options— — — — 
Weighted-average common shares outstanding – assuming dilution106.7 106.4 106.7 106.4 
Net income (loss) per common share$(6.79)$(6.22)$(4.94)$(4.72)
Net income (loss) per common share – assuming dilution$(6.79)$(6.22)$(4.94)$(4.72)
Computation of diluted earnings per common share under two-class method
The following table sets forth the computation of basic and diluted earnings per share under the two-class method.
 Three Months Ended January 31,Nine Months Ended January 31,
 2026202520262025
Net income (loss)$(724.2)$(662.3)$(526.8)$(501.8)
Less: Net income (loss) allocated to participating securities— — — — 
Net income (loss) allocated to common stockholders$(724.2)$(662.3)$(526.8)$(501.8)
Weighted-average common shares outstanding106.7 106.4 106.7 106.4 
Add: Dilutive effect of stock options— — — — 
Weighted-average common shares outstanding – assuming dilution106.7 106.4 106.7 106.4 
Net income (loss) per common share$(6.79)$(6.22)$(4.94)$(4.72)
Net income (loss) per common share – assuming dilution$(6.79)$(6.22)$(4.94)$(4.72)
Computation of diluted earnings per common share under treasury stock method
The following table sets forth the computation of diluted earnings per share under the treasury stock method.
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Net income (loss)$(724.2)$(662.3)$(526.8)$(501.8)
Weighted-average common shares outstanding – assuming dilution:
Weighted-average common shares outstanding106.7 106.4 106.7 106.4 
Add: Dilutive effect of stock options— — — — 
Add: Dilutive effect of restricted shares, restricted stock units, and performance units— — — — 
Weighted-average common shares outstanding – assuming dilution106.7 106.4 106.7 106.4 
Net income (loss) per common share – assuming dilution$(6.79)$(6.22)$(4.94)$(4.72)
v3.25.4
Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in the Company's goodwill
The following table summarizes the changes in our goodwill.
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksInternational and Away From HomeTotal
Balance at April 30, 2025$2,090.9 $1,139.9 $1,580.2 $507.5 $391.5 $5,710.0 
Impairment charge (A)
— — — (507.5)— (507.5)
Other (B)
— — — — 2.1 2.1 
Balance at January 31, 2026$2,090.9 $1,139.9 $1,580.2 $— $393.6 $5,204.6 
(A)We have recognized accumulated goodwill impairment charges of $2,412.0 as of January 31, 2026.
(B)The amount classified as other in International and Away From Home represents foreign currency translation adjustments.
Schedule of Indefinite-Lived Intangible Assets
The following table summarizes our other intangible assets and related accumulated amortization and impairment charges including foreign currency exchange adjustments.
January 31, 2026April 30, 2025
Acquisition CostAccumulated Amortization/Impairment Charges/Foreign Currency ExchangeNetAcquisition CostAccumulated Amortization/Impairment Charges/Foreign Currency ExchangeNet
Finite-lived intangible assets subject to
   amortization:
Customer and contractual relationships$4,596.5 $2,245.3 $2,351.2 $4,596.5 $2,099.0 $2,497.5 
Patents and technology163.0 161.2 1.8 163.0 161.0 2.0 
Trademarks1,687.9 894.7 793.2 136.4 116.5 19.9 
Total intangible assets subject to amortization$6,447.4 $3,301.2 $3,146.2 $4,895.9 $2,376.5 $2,519.4 
Indefinite-lived intangible assets not subject to
   amortization:
Trademarks$2,820.5 $223.4 $2,597.1 $4,372.0 $544.5 $3,827.5 
Total other intangible assets$9,267.9 $3,524.6 $5,743.3 $9,267.9 $2,921.0 $6,346.9 
Schedule of Finite-Lived Intangible Assets
The following table summarizes our other intangible assets and related accumulated amortization and impairment charges including foreign currency exchange adjustments.
January 31, 2026April 30, 2025
Acquisition CostAccumulated Amortization/Impairment Charges/Foreign Currency ExchangeNetAcquisition CostAccumulated Amortization/Impairment Charges/Foreign Currency ExchangeNet
Finite-lived intangible assets subject to
   amortization:
Customer and contractual relationships$4,596.5 $2,245.3 $2,351.2 $4,596.5 $2,099.0 $2,497.5 
Patents and technology163.0 161.2 1.8 163.0 161.0 2.0 
Trademarks1,687.9 894.7 793.2 136.4 116.5 19.9 
Total intangible assets subject to amortization$6,447.4 $3,301.2 $3,146.2 $4,895.9 $2,376.5 $2,519.4 
Indefinite-lived intangible assets not subject to
   amortization:
Trademarks$2,820.5 $223.4 $2,597.1 $4,372.0 $544.5 $3,827.5 
Total other intangible assets$9,267.9 $3,524.6 $5,743.3 $9,267.9 $2,921.0 $6,346.9 
v3.25.4
Debt and Financing Arrangements (Tables)
 9 Months Ended
Jan. 31, 2026
Debt Disclosure [Abstract]  
Long-term debt
The following table summarizes the components of our long-term debt.
 January 31, 2026April 30, 2025
 Principal
Outstanding
Carrying
Amount (A)
Principal
Outstanding
Carrying
Amount (A)
3.38% Senior Notes due December 15, 2027
$500.0 $499.2 $500.0 $498.9 
5.90% Senior Notes due November 15, 2028
750.0 746.6 750.0 745.7 
2.38% Senior Notes due March 15, 2030
500.0 498.0 500.0 497.7 
2.13% Senior Notes due March 15, 2032
364.5 361.7 364.5 361.3 
6.20% Senior Notes due November 15, 2033
1,000.0 993.1 1,000.0 992.4 
4.25% Senior Notes due March 15, 2035
650.0 646.3 650.0 645.9 
2.75% Senior Notes due September 15, 2041
177.5 176.1 177.5 176.1 
6.50% Senior Notes due November 15, 2043
750.0 737.7 750.0 737.2 
4.38% Senior Notes due March 15, 2045
600.0 589.6 600.0 589.2 
3.55% Senior Notes due March 15, 2050
161.2 159.3 161.2 159.3 
6.50% Senior Notes due November 15, 2053
1,000.0 983.7 1,000.0 983.2 
Term Loan Credit Agreement due March 5, 2027450.0 450.0 650.0 649.9 
Total long-term debt$6,903.2 $6,841.3 $7,103.2 $7,036.8 
(A) Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.
v3.25.4
Pensions and Other Postretirement Benefits (Tables)
 9 Months Ended
Jan. 31, 2026
Retirement Benefits [Abstract]  
Net periodic benefit cost
The following table summarizes our net periodic benefit cost for defined benefit pension and other postretirement benefit plans.
Three Months Ended January 31,
Defined Benefit Pension PlansOther Postretirement Benefits
2026202520262025
Service cost$0.2 $0.1 $0.2 $0.2 
Interest cost3.8 4.5 0.6 0.7 
Expected return on plan assets(3.3)(3.1)— — 
Amortization of net actuarial loss (gain)0.9 1.1 (0.5)(0.5)
Amortization of prior service cost (credit)— — (0.2)(0.2)
Settlement loss (gain)7.8 — — — 
Net periodic benefit cost$9.4 $2.6 $0.1 $0.2 
Nine Months Ended January 31,
 Defined Benefit Pension PlansOther Postretirement Benefits
 2026202520262025
Service cost$0.5 $0.5 $0.5 $0.5 
Interest cost11.4 13.3 1.8 2.0 
Expected return on plan assets(10.0)(9.3)— — 
Amortization of net actuarial loss (gain)2.9 3.3 (1.4)(1.5)
Amortization of prior service cost (credit)0.1 0.1 (0.5)(0.5)
Settlement loss (gain)7.8 — — — 
Net periodic benefit cost$12.7 $7.9 $0.4 $0.5 
v3.25.4
Derivative Financial Instruments (Tables)
 9 Months Ended
Jan. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Outstanding derivative contracts
The following table presents the gross notional value of outstanding derivative contracts.
January 31, 2026April 30, 2025
Commodity contracts$403.1 $1,698.1 
Foreign currency exchange contracts101.2 122.4 
Fair value of derivative instruments
The following tables set forth the gross fair value amounts of derivative instruments recognized in the Condensed Consolidated Balance Sheets.
 January 31, 2026
 Other
Current
Assets		Other
Current
Liabilities		Other
Noncurrent
Assets		Other
Noncurrent
Liabilities
Derivatives not designated as hedging instruments:
Commodity contracts$10.4 $4.8 $— $— 
Foreign currency exchange contracts0.1 1.1 — — 
Total derivative instruments$10.5 $5.9 $— $— 
 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 contracts0.8 1.5 — — 
Total derivative instruments$82.3 $20.2 $— $— 
Net gains and losses recognized in costs of products sold on derivatives not designated as hedging instruments
The following table presents the net gains and losses recognized in cost of products sold in the Condensed Statements of Consolidated Income (Loss) on derivatives not designated as hedging instruments.
 Three Months Ended January 31,Nine Months Ended January 31,
 2026202520262025
Derivative gains (losses) on commodity contracts$25.1 $60.1 $(142.8)$50.7 
Derivative gains (losses) on foreign currency exchange contracts(1.7)3.8 (0.1)5.5 
Total derivative gains (losses) recognized in cost of products sold$23.4 $63.9 $(142.9)$56.2 
Net cumulative unallocated derivative gains (losses)
The following table presents the net change in cumulative unallocated derivative gains and losses.
 Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Net derivative gains (losses) recognized and classified as unallocated$23.4 $63.9 $(142.9)$56.2 
Less: Net derivative gains (losses) reclassified to segment operating profit(35.9)3.9 (52.1)14.5 
Change in net cumulative unallocated derivative gains and losses$59.3 $60.0 $(90.8)$41.7 
Pre-tax gains and losses recognized on all contracts previously designated as cash flow hedges
The following table presents information on the pre-tax gains and losses recognized on all contracts previously designated as cash flow hedges.
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Gains (losses) recognized in other comprehensive income (loss)$— $— $— $— 
Less: Gains (losses) reclassified from accumulated other comprehensive income (loss) to interest expense – net (A)
(3.1)(3.0)(9.4)(9.8)
Less: Gains (losses) reclassified from accumulated other comprehensive income (loss) to other debt gains (charges) – net (B)
— (56.9)— (56.9)
Change in accumulated other comprehensive income (loss)$3.1 $59.9 $9.4 $66.7 
(A)Interest expense – net, as presented in the Condensed Statements of Consolidated Income (Loss) was $94.5 and $95.4 for the three months ended January 31, 2026 and 2025, respectively and, $293.3 and $294.5 for the nine months ended January 31, 2026 and 2025. The reclassification includes terminated contracts which were designated as cash flow hedges.
(B)Other debt gains (charges) – net, as presented in the Condensed Statement of Consolidated Income was $30.3 for the three and nine months ended January 31, 2025. The reclassification is related to the debt extinguishment due to the tender offers, as discussed in Note 8: Debt and Financing Arrangements.
v3.25.4
Other Financial Instruments and Fair Value Measurements (Tables)
 9 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Carrying amount and fair value of financial instruments
The following table provides information on the carrying amounts and fair values of our financial instruments.
 January 31, 2026April 30, 2025
 Carrying
Amount		Fair ValueCarrying
Amount		Fair Value
Marketable securities and other investments$19.3 $19.3 $20.0 $20.0 
Derivative financial instruments – net4.6 4.6 62.1 62.1 
Total long-term debt(6,841.3)(6,845.7)(7,036.8)(7,242.0)
Financial assets (liabilities) measured at fair value on a recurring basis
The following tables summarize the fair values and the levels within the fair value hierarchy in which the fair value measurements fall for our financial instruments.
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value at January 31, 2026
Marketable securities and other investments: (A)
Equity mutual funds$4.3 $— $— $4.3 
Municipal obligations— 14.1 — 14.1 
Money market funds0.9 — — 0.9 
Derivative financial instruments: (B)
Commodity contracts – net5.7 (0.1)— 5.6 
Foreign currency exchange contracts – net— (1.0)— (1.0)
Total long-term debt (C)
(6,372.6)(473.1)— (6,845.7)
Total financial instruments measured at fair value$(6,361.7)$(460.1)$— $(6,821.8)
 Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value at April 30, 2025
Marketable securities and other investments: (A)
Equity mutual funds$4.0 $— $— $4.0 
Municipal obligations— 15.8 — 15.8 
Money market funds0.2 — — 0.2 
Derivative financial instruments: (B)
Commodity contracts – net62.8 — — 62.8 
Foreign currency exchange contracts – net— (0.7)— (0.7)
Total long-term debt (C)
(6,532.5)(709.5)— (7,242.0)
Total financial instruments measured at fair value$(6,465.5)$(694.4)$— $(7,159.9)
(A)Marketable securities and other investments consist of funds maintained for the payment of benefits associated with nonqualified retirement plans. The funds include equity securities listed in active markets, municipal obligations valued by a third-party using valuation techniques that utilize inputs that are derived principally from or corroborated by observable market data, and money market funds with maturities of three months or less. Based on the short-term nature of these money market funds, carrying value approximates fair value. As of January 31, 2026, our municipal obligations are scheduled to mature as follows: $0.1 in 2026, $3.9 in 2027, $0.4 in 2028, $2.0 in 2029, $0.6 in 2030, and the remaining $7.1 in 2031 and beyond.
(B)Level 1 commodity and foreign currency exchange derivatives are valued using quoted market prices for identical instruments in active markets. Level 2 commodity and foreign currency exchange derivatives are valued using quoted prices for similar assets or liabilities in active markets. For additional information, see Note 10: Derivative Financial Instruments.
(C)Long-term debt is composed of public Senior Notes classified as Level 1 and the Term Loan classified as Level 2. The public Senior Notes are traded in an active secondary market and valued using quoted prices. The fair value of the Term Loan is based on the net present value of each interest and principal payment calculated utilizing an interest rate derived from an estimated yield curve obtained from independent pricing sources for similar types of term loan borrowing arrangements. For additional information, see Note 8: Debt and Financing Arrangements.
v3.25.4
Leases (Tables)
 9 Months Ended
Jan. 31, 2026
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.
January 31, 2026April 30, 2025
Operating lease right-of-use assets$153.0 $115.4 
Operating lease liabilities:
Current operating lease liabilities$33.6 $37.5 
Noncurrent operating lease liabilities
126.1 84.1 
Total operating lease liabilities$159.7 $121.6 
Finance lease right-of-use assets:
Machinery and equipment
$22.9 $25.4 
Accumulated depreciation
(13.2)(13.5)
Total property, plant, and equipment$9.7 $11.9 
Finance lease liabilities:
Other current liabilities
$3.2 $3.3 
Other noncurrent liabilities
7.2 9.2 
Total finance lease liabilities$10.4 $12.5 
Components of lease expense
The following table summarizes the components of lease expense.
Three Months Ended January 31,Nine Months Ended January 31,
2026202520262025
Operating lease cost$11.9 $11.0 $35.9 $35.5 
Finance lease cost:
Amortization of right-of-use assets 0.9 0.9 2.6 2.5 
Interest on lease liabilities
0.1 0.2 0.4 0.5 
Variable lease cost5.4 3.9 16.8 16.2 
Short-term lease cost10.2 9.4 31.0 33.3 
Total lease cost (A)
$28.5 $25.4 $86.7 $88.0 
(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.
Nine Months Ended January 31,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$35.3 $36.5 
Operating cash flows from finance leases 0.4 0.4 
Financing cash flows from finance leases
2.7 2.6 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases68.0 8.7 
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.
January 31, 2026
Operating LeasesFinance Leases
2026 (remainder of the year)$11.1 $0.9 
202735.7 3.6 
202827.0 3.4 
202925.4 2.0 
203025.3 0.8 
2031 and beyond 61.8 0.6 
Total undiscounted minimum lease payments $186.3 $11.3 
Less: Imputed interest26.6 0.9 
Lease liabilities $159.7 $10.4 
Maturity of finance lease liabilities by fiscal year
The following table summarizes the maturity of our lease liabilities by fiscal year.
January 31, 2026
Operating LeasesFinance Leases
2026 (remainder of the year)$11.1 $0.9 
202735.7 3.6 
202827.0 3.4 
202925.4 2.0 
203025.3 0.8 
2031 and beyond 61.8 0.6 
Total undiscounted minimum lease payments $186.3 $11.3 
Less: Imputed interest26.6 0.9 
Lease liabilities $159.7 $10.4 
Weighted average remaining lease term and discount rate
The following table sets forth the weighted average remaining lease term and discount rate.
January 31, 2026April 30, 2025
Weighted average remaining lease term (in years):
Operating leases
6.26.1
Finance leases 3.54.0
Weighted average discount rate:
Operating leases4.8 %4.6 %
Finance leases
5.1 %5.0 %
v3.25.4
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Jan. 31, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of accumulated other comprehensive income (loss)
The components of accumulated other comprehensive income (loss), including the reclassification adjustments for items that are reclassified from accumulated other comprehensive income (loss) to net income (loss), are shown below.
Foreign
Currency
Translation
Adjustment
Net Gains (Losses)
on Cash Flow
Hedging
Derivatives (A)
Pension and
Other
Postretirement
Liabilities (B)
Unrealized 
Gain (Loss)
on Available-
for-Sale
Securities		Accumulated
Other
Comprehensive
Income (Loss)
Balance at May 1, 2025$(41.7)$(90.1)$(53.2)$0.5 $(184.5)
Reclassification adjustments— 9.4 8.9 — 18.3 
Current period credit (charge)2.8 — (1.4)0.7 2.1 
Income tax benefit (expense)— (2.2)(1.7)(0.2)(4.1)
Balance at January 31, 2026$(38.9)$(82.9)$(47.4)$1.0 $(168.2)
 Foreign
Currency
Translation
Adjustment
Net Gains (Losses)
on Cash Flow
Hedging
Derivatives (A)
Pension and
Other
Postretirement
Liabilities (B)
Unrealized
Gain (Loss)
on Available-
for-Sale
Securities		Accumulated
Other
Comprehensive
Income (Loss)
Balance at May 1, 2024$(39.2)$(143.1)$(53.4)$1.1 $(234.6)
Reclassification adjustments— 66.7 1.4 — 68.1 
Current period credit (charge)(14.3)— — (0.5)(14.8)
Income tax benefit (expense)— (15.7)(0.4)0.1 (16.0)
Balance at January 31, 2025$(53.5)$(92.1)$(52.4)$0.7 $(197.3)
(A)The reclassification from accumulated other comprehensive income (loss) is primarily composed of deferred gains (losses) related to terminated interest rate contracts which were reclassified to interest expense – net. In addition, a portion of the reclassification in 2025 was reclassified to other debt gains (charges) – net resulting from the extinguishment of debt from the tender offers. For additional information, see Note 8: Debt and Financing Arrangements and Note 10: Derivative Financial Instruments.
(B)The reclassification from accumulated other comprehensive income (loss) to other income (expense) – net is composed of settlement charges and amortization of net losses and prior service costs. For additional information, see Note 9: Pensions and Other Postretirement Benefits.
v3.25.4
Common Shares (Tables)
 9 Months Ended
Jan. 31, 2026
Stockholders' Equity Note [Abstract]  
Common shares information
The following table sets forth common share information.
January 31, 2026April 30, 2025
Common shares authorized300.0 300.0 
Common shares outstanding106.7 106.4 
Treasury shares43.8 44.1 
v3.25.4
Divestitures (Details Textual)
$ in Millions
 3 Months Ended 7 Months Ended 9 Months Ended 10 Months Ended 12 Months Ended
Jan. 31, 2026
USD ($)
Jan. 31, 2025
USD ($)
Oct. 31, 2024
USD ($)
Dec. 01, 2024
USD ($)
Jan. 31, 2026
USD ($)
Jan. 31, 2025
USD ($)
Mar. 02, 2025
USD ($)
Apr. 30, 2025
USD ($)
Mar. 03, 2025
Position
Dec. 02, 2024
Position
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                    
Proceeds from divestitures – net         $ 0.0 $ 290.5        
Loss (gain) on divestitures – net $ 0.0 $ 50.2     $ 0.0 $ 311.0        
Voortman                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                    
Proceeds from divestitures – net               $ 291.4    
Loss (gain) on divestitures – net     $ 265.9              
Disposal Group, Not Discontinued Operation, Number of Employees | Position                   300
Voortman | Sweet Baked Snacks                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                    
Annual net sales       $ 86.3            
Sweet Baked Snacks Value Brands                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                    
Proceeds from divestitures – net               $ 34.6    
Loss (gain) on divestitures – net   $ 44.2                
Disposal Group, Not Discontinued Operation, Number of Employees | Position                 400  
Sweet Baked Snacks Value Brands | Sweet Baked Snacks                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                    
Annual net sales             $ 48.4      
v3.25.4
Special Project Costs (Details) - Hostess Brands - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Restructuring Cost and Reserve [Line Items]        
Restructuring and related cost, incurred cost $ 0.4 $ 7.8 $ 1.5 $ 34.9
Restructuring and related cost, cost incurred to date 186.4   186.4  
Transaction Costs        
Restructuring Cost and Reserve [Line Items]        
Restructuring and related cost, incurred cost 0.0 0.0 0.0 0.0
Restructuring and related cost, cost incurred to date 99.0   99.0  
Employee-related costs        
Restructuring Cost and Reserve [Line Items]        
Restructuring and related cost, incurred cost 0.4 2.5 0.8 9.5
Restructuring and related cost, cost incurred to date 43.8   43.8  
Other transition and termination costs        
Restructuring Cost and Reserve [Line Items]        
Restructuring and related cost, incurred cost 0.0 $ 5.3 0.7 $ 25.4
Restructuring and related cost, cost incurred to date $ 43.6   $ 43.6  
v3.25.4
Special Project Costs (Details 1) - Indianapolis Bakery Restructuring
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
USD ($)
Jan. 31, 2026
USD ($)
Restructuring Cost and Reserve [Line Items]    
Restructuring and related cost, incurred cost $ 26.5 $ 74.4
Restructuring and related cost, cost incurred to date 74.4 74.4
Employee-related costs    
Restructuring Cost and Reserve [Line Items]    
Restructuring and related cost, incurred cost 0.6 6.4
Restructuring and related cost, cost incurred to date 6.4 6.4
Other transition and termination costs    
Restructuring Cost and Reserve [Line Items]    
Restructuring and related cost, incurred cost 25.9 68.0
Restructuring and related cost, cost incurred to date $ 68.0 $ 68.0
v3.25.4
Special Project Costs (Details Textual) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 33 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Apr. 30, 2025
Indianapolis Bakery Restructuring            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, cost incurred to date $ 74.4   $ 74.4   $ 74.4  
Restructuring and related cost, incurred cost 26.5   74.4      
Employee-related costs | Indianapolis Bakery Restructuring            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, cost incurred to date 6.4   6.4   6.4  
Restructuring and related cost, incurred cost 0.6   6.4      
Restructuring reserve 1.1   1.1   1.1  
Other transition and termination costs | Indianapolis Bakery Restructuring            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, cost incurred to date 68.0   68.0   68.0  
Restructuring and related cost, incurred cost 25.9   68.0      
Accelerated Depreciation Noncash Charges | Indianapolis Bakery Restructuring            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, incurred cost 23.7   62.6      
Hostess Brands            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, cost incurred to date 186.4   186.4   186.4  
Restructuring and related cost, incurred cost 0.4 $ 7.8 1.5 $ 34.9    
Restructuring and related cost, expected cost 190.0   190.0   190.0  
Restructuring and related cost, noncash charge incurred to date 16.1   16.1   16.1  
Restructuring and related cost, incurred noncash charge 0.2 1.7 0.7 13.2    
Hostess Brands | Employee-related costs            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, cost incurred to date 43.8   43.8   43.8  
Restructuring and related cost, incurred cost 0.4 2.5 0.8 9.5    
Restructuring reserve 1.1   1.1   1.1 $ 6.2
Hostess Brands | Other transition and termination costs            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, cost incurred to date 43.6   43.6   43.6  
Restructuring and related cost, incurred cost 0.0 5.3 0.7 25.4    
Sahale Snacks and Canada Condiment Divestitures            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, cost incurred to date 6.4   6.4   6.4  
Sahale Snacks and Canada Condiment Divestitures | Employee-related costs            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, cost incurred to date 4.3   4.3   4.3  
Restructuring and related cost, incurred cost 0.0 1.3 0.0 1.7    
Sahale Snacks and Canada Condiment Divestitures | Other transition and termination costs            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, cost incurred to date 2.1   2.1   2.1  
Pet Food Brands [Member] | Other transition and termination costs            
Restructuring Cost and Reserve [Line Items]            
Restructuring and related cost, incurred cost 0.5 $ 2.1 2.4 $ 3.0 8.9  
Restructuring and related cost, expected cost $ 12.0   $ 12.0   $ 12.0  
v3.25.4
Reportable Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Segment Reporting Information [Line Items]        
Net sales $ 2,339.4 $ 2,186.0 $ 6,782.8 $ 6,582.3
Segment selling and distribution expenses 363.2 367.6 1,138.8 1,148.4
Segment profit 508.7 541.0 1,437.2 1,649.7
Amortization (50.3) (53.9) (150.7) (165.7)
Goodwill impairment charges (507.5) (794.3) (507.5) [1] (794.3)
Other intangible assets impairment charges (454.2) (208.2) (454.2) (208.2)
Loss (gain) on divestitures – net 0.0 (50.2) 0.0 (311.0)
Interest expense – net (94.5) (95.4) (293.3) (294.5)
Change in net cumulative unallocated derivative gains and losses 59.3 60.0 (90.8) 41.7
Costs of products sold – special project costs [2] (22.3) (1.1) (60.7) (11.7)
Other special project costs [2],[3] (5.0) (10.1) (16.6) (27.9)
Other debt gains (charges) – net 0.0 30.3 [4] 0.0 30.3 [4]
Corporate administrative expenses (77.1) (77.2) (241.0) (247.4)
Other income (expense) – net [3] (9.0) [2] (3.4) (12.4) [2] (10.7)
Income (Loss) Before Income Taxes (651.9) (662.5) (390.0) (349.7)
U.S. Retail Coffee        
Segment Reporting Information [Line Items]        
Net sales 908.2 740.6 2,474.3 2,068.0
Segment cost of products sold [5] 629.8 464.5 1,730.8 1,260.2
Segment selling and distribution expenses [6] 79.3 74.7 255.4 230.5
Other segment items [7] 0.1 (7.2) 0.6 (6.6)
Segment profit 199.0 208.6 487.5 583.9
Goodwill impairment charges [1]     0.0  
U.S. Retail Frozen Handheld and Spreads        
Segment Reporting Information [Line Items]        
Net sales 454.0 445.2 1,399.8 1,427.2
Segment cost of products sold [5] 290.3 282.2 876.0 885.7
Segment selling and distribution expenses [6] 60.3 62.0 203.0 204.5
Other segment items [7] (0.2) 1.8 0.8 2.7
Segment profit 103.6 99.2 320.0 334.3
Goodwill impairment charges [1]     0.0  
U.S. Retail Pet Foods        
Segment Reporting Information [Line Items]        
Net sales 417.1 423.0 1,198.3 1,268.1
Segment cost of products sold [5] 231.3 237.8 660.6 714.4
Segment selling and distribution expenses [6] 67.2 73.3 201.8 211.0
Other segment items [7] (3.3) (4.9) (11.7) (10.8)
Segment profit 121.9 116.8 347.6 353.5
Goodwill impairment charges [1]     0.0  
Sweet Baked Snacks        
Segment Reporting Information [Line Items]        
Net sales 224.8 278.6 734.1 927.8
Segment cost of products sold [5] 170.9 182.9 538.0 593.9
Segment selling and distribution expenses [6] 42.5 42.2 126.9 135.6
Other segment items [7] (0.8) (1.3) 1.0 (1.5)
Segment profit 12.2 54.8 68.2 199.8
Goodwill impairment charges [1]     (507.5)  
International and Away From Home        
Segment Reporting Information [Line Items]        
Net sales 335.3 298.6 976.3 891.2
Segment cost of products sold [5] 226.3 199.4 653.5 596.7
Segment selling and distribution expenses [6] 36.8 38.2 110.7 119.4
Other segment items [7] 0.2 (0.6) (1.8) (3.1)
Segment profit $ 72.0 $ 61.6 213.9 $ 178.2
Goodwill impairment charges [1]     $ 0.0  
[1] We have recognized accumulated goodwill impairment charges of $2,412.0 as of January 31, 2026.
[2] Includes special project costs related to certain divestiture, acquisition, integration, and restructuring activities. For more information, see Note 4: Special Project Costs.
[3] Includes certain divestiture, acquisition, integration, and restructuring costs (“special project costs”). For more information, see Note 4: Special Project Costs and Note 5: Reportable Segments.
[4] Includes a net gain on extinguishment of debt as a result of tender offers completed during the third quarter of 2025. For more information, see Note 8: Debt and Financing Arrangements.
[5] Segment cost of products sold excludes special project costs related to certain divestiture, acquisition, integration, and restructuring activities and the change in net cumulative unallocated derivative gains and losses. For more information, see Note 4: Special Project Costs and Note 10: Derivative Financial Instruments.
[6] Segment selling and distribution expenses excludes corporate administrative expenses and special project costs that are not allocated to the segments.
[7] Other segment items primarily reflects the loss (gain) on disposal of assets, plant administrative expenses, equity method investment income, and royalty income. Further, favorable property taxes are included in the U.S. Retail Coffee segment for the three and nine months ended January 31, 2025.
v3.25.4
Reportable Segments (Details 1) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Apr. 30, 2025
Geographical information [Line Items]          
Assets $ 16,265.7   $ 16,265.7   $ 17,563.3
Depreciation Amortization and Impairment Charges 1,105.8 $ 1,124.6 1,384.3 $ 1,381.6  
Additions to property, plant, and equipment 71.5 88.1 222.1 298.8  
Net sales 2,339.4 2,186.0 6,782.8 6,582.3  
Segment Reporting, Reconciling Item, Corporate Nonsegment          
Geographical information [Line Items]          
Assets [1] 109.6   109.6   261.1
Depreciation Amortization and Impairment Charges [2] 30.8 9.3 85.2 39.9  
U.S. Retail Coffee          
Geographical information [Line Items]          
Net sales 908.2 740.6 2,474.3 2,068.0  
U.S. Retail Coffee | Operating Segments          
Geographical information [Line Items]          
Assets 4,731.3   4,731.3   4,927.8
Depreciation Amortization and Impairment Charges 24.5 24.2 73.2 73.0  
Additions to property, plant, and equipment 8.3 13.4 27.1 44.0  
U.S. Retail Frozen Handheld and Spreads          
Geographical information [Line Items]          
Net sales 454.0 445.2 1,399.8 1,427.2  
U.S. Retail Frozen Handheld and Spreads | Operating Segments          
Geographical information [Line Items]          
Assets 3,236.4   3,236.4   3,263.1
Depreciation Amortization and Impairment Charges 24.7 23.4 74.7 64.5  
Additions to property, plant, and equipment 20.0 33.6 78.8 119.1  
U.S. Retail Pet Foods          
Geographical information [Line Items]          
Net sales 417.1 423.0 1,198.3 1,268.1  
U.S. Retail Pet Foods | Operating Segments          
Geographical information [Line Items]          
Assets 4,638.8   4,638.8   4,679.3
Depreciation Amortization and Impairment Charges 31.2 30.1 92.1 89.9  
Additions to property, plant, and equipment 13.8 17.1 35.3 61.2  
Sweet Baked Snacks          
Geographical information [Line Items]          
Net sales 224.8 278.6 734.1 927.8  
Sweet Baked Snacks | Operating Segments          
Geographical information [Line Items]          
Assets 2,334.1   2,334.1   3,394.9
Depreciation Amortization and Impairment Charges 984.5 1,028.4 1,028.8 1,087.3  
Additions to property, plant, and equipment 17.0 12.7 46.0 39.4  
International and Away From Home          
Geographical information [Line Items]          
Net sales 335.3 298.6 976.3 891.2  
International and Away From Home | Operating Segments          
Geographical information [Line Items]          
Assets 1,215.5   1,215.5   $ 1,037.1
Depreciation Amortization and Impairment Charges 10.1 9.2 30.3 27.0  
Additions to property, plant, and equipment 12.4 11.3 34.9 35.1  
United States          
Geographical information [Line Items]          
Net sales 2,214.4 2,068.4 6,426.2 6,220.0  
Total international          
Geographical information [Line Items]          
Net sales 125.0 117.6 356.6 362.3  
Canada          
Geographical information [Line Items]          
Net sales 90.1 89.8 255.3 271.9  
All other international          
Geographical information [Line Items]          
Net sales $ 34.9 $ 27.8 $ 101.3 $ 90.4  
[1] Primarily represents unallocated cash and cash equivalents and corporate-held investments.
[2] Primarily represents unallocated accelerated depreciation related to restructuring activities and corporate administrative expenses, mainly consisting of depreciation and software amortization.
v3.25.4
Reportable Segments (Details 2) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Product category information [Line Items]        
Net sales $ 2,339.4 $ 2,186.0 $ 6,782.8 $ 6,582.3
Percent of product sales attributable to primary reportable segment     75.00% 75.00%
U.S. Retail Coffee        
Product category information [Line Items]        
Net sales 908.2 740.6 $ 2,474.3 $ 2,068.0
U.S. Retail Coffee | Coffee        
Product category information [Line Items]        
Net sales [1] 1,034.0 830.8 2,816.6 2,339.7
U.S. Retail Frozen Handheld and Spreads        
Product category information [Line Items]        
Net sales 454.0 445.2 1,399.8 1,427.2
U.S. Retail Frozen Handheld and Spreads | Frozen handheld        
Product category information [Line Items]        
Net sales [1] 231.4 210.5 738.4 679.6
U.S. Retail Frozen Handheld and Spreads | Peanut butter        
Product category information [Line Items]        
Net sales [1] 201.8 200.9 595.9 633.3
U.S. Retail Frozen Handheld and Spreads | Fruit spreads        
Product category information [Line Items]        
Net sales [1] 92.0 99.4 279.5 307.6
U.S. Retail Frozen Handheld and Spreads | Toppings and syrups        
Product category information [Line Items]        
Net sales [1] 25.6 20.7 81.8 69.3
U.S. Retail Pet Foods        
Product category information [Line Items]        
Net sales 417.1 423.0 1,198.3 1,268.1
U.S. Retail Pet Foods | Pet snacks        
Product category information [Line Items]        
Net sales [1] 227.9 237.4 663.3 719.4
U.S. Retail Pet Foods | Cat food        
Product category information [Line Items]        
Net sales [1] 204.5 197.8 581.0 581.7
Sweet Baked Snacks        
Product category information [Line Items]        
Net sales 224.8 278.6 734.1 927.8
Sweet Baked Snacks | Sweet Baked Goods        
Product category information [Line Items]        
Net sales [1] 224.8 266.1 734.1 841.9
Sweet Baked Snacks | Cookies        
Product category information [Line Items]        
Net sales [1] 0.0 12.9 0.0 86.3
Other        
Product category information [Line Items]        
Net sales 335.3 298.6 976.3 891.2
Other | Portion control        
Product category information [Line Items]        
Net sales [1],[2] 45.4 53.1 145.9 164.0
Other | Baking mixes and ingredients        
Product category information [Line Items]        
Net sales [1],[2] 24.7 23.2 67.8 66.3
Other | Other        
Product category information [Line Items]        
Net sales [1],[2] $ 27.3 $ 33.2 $ 78.5 $ 93.2
[1] The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category.
[2] Represents the combined International and Away From Home operating segments.
v3.25.4
Reportable Segments (Details Textual)
 9 Months Ended
Jan. 31, 2026
Industry
Segment
Segment Reporting [Abstract]  
Number of industries in which Company operates | Industry 1
Number of reportable segments | Segment 4
v3.25.4
Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Oct. 31, 2025
Jul. 31, 2025
Jan. 31, 2025
Oct. 31, 2024
Jul. 31, 2024
Jan. 31, 2026
Jan. 31, 2025
Schedule of Earnings Per Share, Two Class Method [Line Items]                
Net income (loss) $ (724.2) $ 241.3 $ (43.9) $ (662.3) $ (24.5) $ 185.0 $ (526.8) $ (501.8)
Net income (loss) per common share (in dollars per share) $ (6.79)     $ (6.22)     $ (4.94) $ (4.72)
Net income (loss) per common share – assuming dilution $ (6.79)     $ (6.22)     $ (4.94) $ (4.72)
Two-class method                
Schedule of Earnings Per Share, Two Class Method [Line Items]                
Net income (loss) $ (724.2)     $ (662.3)     $ (526.8) $ (501.8)
Less: Net income (loss) allocated to participating securities 0.0     0.0     0.0 0.0
Net income (loss) allocated to common stockholders $ (724.2)     $ (662.3)     $ (526.8) $ (501.8)
Weighted-average common shares outstanding 106.7     106.4     106.7 106.4
Add: Dilutive effect of stock options (in shares) 0.0     0.0     0.0 0.0
Weighted-average common shares outstanding – assuming dilution (in shares) 106.7     106.4     106.7 106.4
Net income (loss) per common share (in dollars per share) $ (6.79)     $ (6.22)     $ (4.94) $ (4.72)
Net income (loss) per common share – assuming dilution $ (6.79)     $ (6.22)     $ (4.94) $ (4.72)
v3.25.4
Earnings Per Share (Details 1) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Oct. 31, 2025
Jul. 31, 2025
Jan. 31, 2025
Oct. 31, 2024
Jul. 31, 2024
Jan. 31, 2026
Jan. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Net income (loss) $ (724.2) $ 241.3 $ (43.9) $ (662.3) $ (24.5) $ 185.0 $ (526.8) $ (501.8)
Net income (loss) per common share – assuming dilution $ (6.79)     $ (6.22)     $ (4.94) $ (4.72)
Treasury Stock Method [Member]                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Net income (loss) $ (724.2)     $ (662.3)     $ (526.8) $ (501.8)
Weighted-average common shares outstanding 106.7     106.4     106.7 106.4
Weighted-average common shares outstanding – assuming dilution (in shares) 106.7     106.4     106.7 106.4
Net income (loss) per common share – assuming dilution $ (6.79)     $ (6.22)     $ (4.94) $ (4.72)
Employee stock options | Treasury Stock Method [Member]                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Dilutive effect (in shares) 0.0     0.0     0.0 0.0
Restricted shares, restricted stock units, and performance units | Treasury Stock Method [Member]                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Dilutive effect (in shares) 0.0     0.0     0.0 0.0
v3.25.4
Goodwill and Other Intangible Assets (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Goodwill [Line Items]        
Goodwill, Beginning Balance     $ 5,710.0  
Goodwill impairment charges $ (507.5) $ (794.3) (507.5) [1] $ (794.3)
Goodwill, Other Increase (Decrease) [2]     2.1  
Goodwill, Ending Balance 5,204.6   5,204.6  
Goodwill, Impaired, Accumulated Impairment Loss 2,412.0   2,412.0  
U.S. Retail Coffee        
Goodwill [Line Items]        
Goodwill, Beginning Balance     2,090.9  
Goodwill impairment charges [1]     0.0  
Goodwill, Other Increase (Decrease) [2]     0.0  
Goodwill, Ending Balance 2,090.9   2,090.9  
U.S. Retail Frozen Handheld and Spreads        
Goodwill [Line Items]        
Goodwill, Beginning Balance     1,139.9  
Goodwill impairment charges [1]     0.0  
Goodwill, Other Increase (Decrease) [2]     0.0  
Goodwill, Ending Balance 1,139.9   1,139.9  
U.S. Retail Pet Foods        
Goodwill [Line Items]        
Goodwill, Beginning Balance     1,580.2  
Goodwill impairment charges [1]     0.0  
Goodwill, Other Increase (Decrease) [2]     0.0  
Goodwill, Ending Balance 1,580.2   1,580.2  
Sweet Baked Snacks        
Goodwill [Line Items]        
Goodwill, Beginning Balance     507.5  
Goodwill impairment charges [1]     (507.5)  
Goodwill, Other Increase (Decrease) [2]     0.0  
Goodwill, Ending Balance 0.0   0.0  
International and Away From Home        
Goodwill [Line Items]        
Goodwill, Beginning Balance     391.5  
Goodwill impairment charges [1]     0.0  
Goodwill, Other Increase (Decrease) [2]     2.1  
Goodwill, Ending Balance $ 393.6   $ 393.6  
[1] We have recognized accumulated goodwill impairment charges of $2,412.0 as of January 31, 2026.
[2] The amount classified as other in International and Away From Home represents foreign currency translation adjustments.
v3.25.4
Goodwill and Other Intangible Assets (Details 1) - USD ($)
$ in Millions
Jan. 31, 2026
Apr. 30, 2025
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross $ 6,447.4 $ 4,895.9
Accumulated Amortization, Impairment Charges And Foreign Currency Exchange Expense For Finite Lived Assets 3,301.2 2,376.5
Finite-Lived Intangible Assets, Net 3,146.2 2,519.4
Intangible Assets, Net (Excluding Goodwill) [Abstract]    
Intangible Assets, Gross (Excluding Goodwill) 9,267.9 9,267.9
Total Other Intangible Assets Accumulated Amortization Impairment Charges Foreign Currency Exchange 3,524.6 2,921.0
Intangible Assets, Net (Excluding Goodwill) 5,743.3 6,346.9
Trademarks [Member]    
Indefinite-Lived Intangible Assets [Line Items]    
Indefinite-Lived Intangible Assets (Excluding Goodwill), Gross 2,820.5 4,372.0
Accumulated Amortization, Impairment Charges And Foreign Currency Exchange Expense For Finite Lived Assets 223.4 544.5
Indefinite-Lived Intangible Assets (Excluding Goodwill) 2,597.1 3,827.5
Customer Contracts [Member]    
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross 4,596.5 4,596.5
Accumulated Amortization, Impairment Charges And Foreign Currency Exchange Expense For Finite Lived Assets 2,245.3 2,099.0
Finite-Lived Intangible Assets, Net 2,351.2 2,497.5
Patented Technology [Member]    
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross 163.0 163.0
Accumulated Amortization, Impairment Charges And Foreign Currency Exchange Expense For Finite Lived Assets 161.2 161.0
Finite-Lived Intangible Assets, Net 1.8 2.0
Trademarks [Member]    
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross 1,687.9 136.4
Accumulated Amortization, Impairment Charges And Foreign Currency Exchange Expense For Finite Lived Assets 894.7 116.5
Finite-Lived Intangible Assets, Net $ 793.2 $ 19.9
v3.25.4
Goodwill and Other Intangible Assets (Details Textual) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]        
Goodwill impairment charges $ 507.5 $ 794.3 $ 507.5 [1] $ 794.3
Asset Impairment Charges 961.7 1,000.0    
Other intangible assets impairment charges 454.2 $ 208.2 454.2 $ 208.2
Sweet Baked Snacks        
Goodwill and Intangible Assets Disclosure [Abstract]        
Goodwill impairment charges [1]     507.5  
Trademarks [Member] | Sweet Baked Snacks        
Finite-Lived Intangible Assets [Line Items]        
Annual amortization expense $ 38.8   $ 38.8  
[1] We have recognized accumulated goodwill impairment charges of $2,412.0 as of January 31, 2026.
v3.25.4
Debt and Financing Arrangements (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Apr. 30, 2025
Long-term debt    
Debt instrument face amount $ 6,903.2 $ 7,103.2
Total long-term debt [1] 6,841.3 7,036.8
Long-term debt $ 6,841.3 $ 7,036.8
3.38% Senior Notes due December 15, 2027    
Long-term debt    
Interest rate on notes 3.38% 3.38%
Debt instrument face amount $ 500.0 $ 500.0
Senior Notes [1] $ 499.2 $ 498.9
5.90% Senior Notes due November 15, 2028    
Long-term debt    
Interest rate on notes 5.90% 5.90%
Debt instrument face amount $ 750.0 $ 750.0
Senior Notes [1] $ 746.6 $ 745.7
2.38 % Senior Notes due March 15, 2030    
Long-term debt    
Interest rate on notes 2.38% 2.38%
Debt instrument face amount $ 500.0 $ 500.0
Senior Notes [1] $ 498.0 $ 497.7
2.13% Senior Notes due March 15, 2032    
Long-term debt    
Interest rate on notes 2.13% 2.13%
Debt instrument face amount $ 364.5 $ 364.5
Senior Notes [1] $ 361.7 $ 361.3
6.20% Senior Notes due November 15, 2033    
Long-term debt    
Interest rate on notes 6.20% 6.20%
Debt instrument face amount $ 1,000.0 $ 1,000.0
Senior Notes [1] $ 993.1 $ 992.4
4.25% Senior Notes due March 15, 2035    
Long-term debt    
Interest rate on notes 4.25% 4.25%
Debt instrument face amount $ 650.0 $ 650.0
Senior Notes [1] $ 646.3 $ 645.9
2.75% Senior Notes due September 15, 2041    
Long-term debt    
Interest rate on notes 2.75% 2.75%
Debt instrument face amount $ 177.5 $ 177.5
Senior Notes [1] $ 176.1 $ 176.1
6.50% Senior Notes due November 15, 2043    
Long-term debt    
Interest rate on notes 6.50% 6.50%
Debt instrument face amount $ 750.0 $ 750.0
Senior Notes [1] $ 737.7 $ 737.2
4.38% Senior Notes due March 15, 2045    
Long-term debt    
Interest rate on notes 4.38% 4.38%
Debt instrument face amount $ 600.0 $ 600.0
Senior Notes [1] $ 589.6 $ 589.2
3.55% Senior Notes due March 15, 2050    
Long-term debt    
Interest rate on notes 3.55% 3.55%
Debt instrument face amount $ 161.2 $ 161.2
Senior Notes [1] $ 159.3 $ 159.3
6.50% Senior Notes due November 15, 2053    
Long-term debt    
Interest rate on notes 6.50% 6.50%
Debt instrument face amount $ 1,000.0 $ 1,000.0
Senior Notes [1] 983.7 983.2
Term Loan Credit Agreement due 2027    
Long-term debt    
Debt instrument face amount 450.0 650.0
Senior Notes [1] $ 450.0 $ 649.9
[1] Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.
v3.25.4
Debt and Financing Arrangements (Details Textual)
$ in Millions
 1 Months Ended 3 Months Ended 9 Months Ended
Feb. 25, 2026
USD ($)
Jan. 31, 2026
USD ($)
Bank
Jan. 31, 2025
USD ($)
Jan. 31, 2026
USD ($)
Bank
Jan. 31, 2025
USD ($)
Apr. 30, 2025
USD ($)
Debt and Financing Arrangements (Textual) [Abstract]            
Debt instrument face amount   $ 6,903.2   $ 6,903.2   $ 7,103.2
Number of banks | Bank   10   10    
Short-term borrowings   $ 486.9   $ 486.9   640.8
Interest paid   133.5 $ 126.9 332.2 $ 341.8  
Debt Instrument, Repurchased Face Amount     300.0   300.0  
Other debt gains (charges) – net   0.0 30.3 [1] 0.0 30.3 [1]  
Debt Instrument, Repurchase Amount     $ 335.9   335.9  
Debt Reacquisition Price         300.0  
Fees Paid to Execute Debt Extinguishment         1.1  
Loss (Gain) on Reverse Tresaury Lock         4.5  
Commercial Paper [Member]            
Debt and Financing Arrangements (Textual) [Abstract]            
Commercial paper, borrowing capacity   2,000.0   2,000.0    
Short-term borrowings   $ 487.0   $ 487.0   $ 641.0
Short-term Debt, Weighted Average Interest Rate, at Point in Time   3.85%   3.85%   4.73%
Revolving Credit Facility            
Debt and Financing Arrangements (Textual) [Abstract]            
Revolving credit facility maximum borrowing capacity   $ 2,000.0   $ 2,000.0    
Outstanding balance under revolving credit facility   0.0   0.0   $ 0.0
2.75% Senior Notes due September 15, 2041            
Debt and Financing Arrangements (Textual) [Abstract]            
Debt instrument face amount   $ 177.5   $ 177.5   $ 177.5
Debt Instrument, Interest Rate, Stated Percentage   2.75%   2.75%   2.75%
Early Repayment of Senior Debt         122.5  
Cash Tender Offer         122.5  
2.13% Senior Notes due March 15, 2032            
Debt and Financing Arrangements (Textual) [Abstract]            
Debt instrument face amount   $ 364.5   $ 364.5   $ 364.5
Debt Instrument, Interest Rate, Stated Percentage   2.13%   2.13%   2.13%
Early Repayment of Senior Debt         135.5  
Cash Tender Offer         194.1  
3.55% Senior Notes due March 15, 2050            
Debt and Financing Arrangements (Textual) [Abstract]            
Debt instrument face amount   $ 161.2   $ 161.2   $ 161.2
Debt Instrument, Interest Rate, Stated Percentage   3.55%   3.55%   3.55%
Early Repayment of Senior Debt         138.8  
Cash Tender Offer         $ 138.8  
Term Loan Credit Agreement Due March 5, 2027            
Debt and Financing Arrangements (Textual) [Abstract]            
Debt instrument face amount   $ 650.0   $ 650.0    
Long-Term Debt, Percentage Bearing Variable Interest, Percentage Rate   4.77%   4.77%    
Repayments of Debt   $ 200.0        
Term Loan Credit Agreement Due March 5, 2027 | Subsequent Event            
Debt and Financing Arrangements (Textual) [Abstract]            
Repayments of Debt $ 100.0          
Senior Notes Due Period Ten [Member]            
Debt and Financing Arrangements (Textual) [Abstract]            
Debt instrument face amount   $ 1,000.0   $ 1,000.0    
Debt Instrument, Interest Rate, Stated Percentage   3.50%   3.50%    
[1] Includes a net gain on extinguishment of debt as a result of tender offers completed during the third quarter of 2025. For more information, see Note 8: Debt and Financing Arrangements.
v3.25.4
Pensions and Other Postretirement Benefits (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Components of net periodic benefit cost        
Pension settlement loss (gain)     $ 7.8 $ 0.0
Defined Benefit Pension Plans        
Components of net periodic benefit cost        
Service cost $ 0.2 $ 0.1 0.5 0.5
Interest cost 3.8 4.5 11.4 13.3
Expected return on plan assets (3.3) (3.1) (10.0) (9.3)
Amortization of net actuarial loss (gain) 0.9 1.1 2.9 3.3
Amortization of prior service cost (credit) 0.0 0.0 0.1 0.1
Pension settlement loss (gain) 7.8 0.0 7.8 0.0
Net periodic benefit cost 9.4 2.6 12.7 7.9
Other Postretirement Benefits        
Components of net periodic benefit cost        
Service cost 0.2 0.2 0.5 0.5
Interest cost 0.6 0.7 1.8 2.0
Expected return on plan assets 0.0 0.0 0.0 0.0
Amortization of net actuarial loss (gain) (0.5) (0.5) (1.4) (1.5)
Amortization of prior service cost (credit) (0.2) (0.2) (0.5) (0.5)
Pension settlement loss (gain) 0.0 0.0 0.0 0.0
Net periodic benefit cost $ 0.1 $ 0.2 $ 0.4 $ 0.5
v3.25.4
Pensions and Other Postretirement Benefits (Details Textual) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Defined Benefit Plan Disclosure [Line Items]        
Defined Benefit Plan, Plan Assets, Benefits Paid     $ 2.7 $ 2.7
Defined Benefit Plan, Plan Assets, Contributions by Employer     0.7 1.0
Pension settlement (loss) gain     (7.8) 0.0
Defined Benefit Pension Plans        
Defined Benefit Plan Disclosure [Line Items]        
Pension settlement (loss) gain $ (7.8) $ 0.0 (7.8) $ 0.0
Defined Benefit Pension Plans | United States        
Defined Benefit Plan Disclosure [Line Items]        
Defined Benefit Plan, Expected Amortization of Gain (Loss), Next Fiscal Year $ 35.9   $ 35.9  
v3.25.4
Derivative Financial Instruments (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Apr. 30, 2025
Commodity contracts    
Outstanding derivative contracts    
Derivative notional amount 403.1 1,698.1
Foreign currency exchange contracts    
Outstanding derivative contracts    
Derivative notional amount 101.2 122.4
v3.25.4
Derivative Financial Instruments (Details 1) - USD ($)
$ in Millions
Jan. 31, 2026
Apr. 30, 2025
Other Current Assets [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Assets $ 10.5 $ 82.3
Other Current Liabilities [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Liabilities 5.9 20.2
Other Noncurrent Assets [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Assets 0.0 0.0
Other Noncurrent Liabilities [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Liabilities 0.0 0.0
Commodity contracts | Other Current Assets [Member] | Not designated as hedging instruments [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Assets 10.4 81.5
Commodity contracts | Other Current Liabilities [Member] | Not designated as hedging instruments [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Liabilities 4.8 18.7
Commodity contracts | Other Noncurrent Assets [Member] | Not designated as hedging instruments [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Assets 0.0 0.0
Commodity contracts | Other Noncurrent Liabilities [Member] | Not designated as hedging instruments [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Liabilities 0.0 0.0
Foreign currency exchange contracts | Other Current Assets [Member] | Not designated as hedging instruments [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Assets 0.1 0.8
Foreign currency exchange contracts | Other Current Liabilities [Member] | Not designated as hedging instruments [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Liabilities 1.1 1.5
Foreign currency exchange contracts | Other Noncurrent Assets [Member] | Not designated as hedging instruments [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Assets 0.0 0.0
Foreign currency exchange contracts | Other Noncurrent Liabilities [Member] | Not designated as hedging instruments [Member]    
Fair value of derivative instruments [Line Items]    
Derivatives Instruments, Liabilities $ 0.0 $ 0.0
v3.25.4
Derivative Financial Instruments (Details 2) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments        
Total derivative gains (losses) recognized in costs of products sold $ 23.4 $ 63.9 $ (142.9) $ 56.2
Commodity contracts        
Gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments        
Total derivative gains (losses) recognized in costs of products sold 25.1 60.1 (142.8) 50.7
Foreign currency exchange contracts        
Gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments        
Total derivative gains (losses) recognized in costs of products sold $ (1.7) $ 3.8 $ (0.1) $ 5.5
v3.25.4
Derivative Financial Instruments (Details 3) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Price Risk Derivatives [Abstract]        
Net derivative gains (losses) recognized and classified as unallocated $ 23.4 $ 63.9 $ (142.9) $ 56.2
Less: Net derivatives gains (losses) reclassified to segment operating profit (35.9) 3.9 (52.1) 14.5
Change in net cumulative unallocated derivative gains and losses $ 59.3 $ 60.0 $ (90.8) $ 41.7
v3.25.4
Derivative Financial Instruments (Details 4) - Cash Flow Hedging [Member] - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) recognized in other comprehensive income (loss) $ 0.0 $ 0.0 $ 0.0 $ 0.0
Change in accumulated other comprehensive income (loss) 3.1 59.9 9.4 66.7
Interest Expense [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) reclassified from accumulated other comprehensive income (loss) [1] (3.1) (3.0) (9.4) (9.8)
Other Debt Costs        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) reclassified from accumulated other comprehensive income (loss) [2] $ 0.0 $ (56.9) $ 0.0 $ (56.9)
[1] Interest expense – net, as presented in the Condensed Statements of Consolidated Income (Loss) was $94.5 and $95.4 for the three months ended January 31, 2026 and 2025, respectively and, $293.3 and $294.5 for the nine months ended January 31, 2026 and 2025. The reclassification includes terminated contracts which were designated as cash flow hedges.
[2] Other debt gains (charges) – net, as presented in the Condensed Statement of Consolidated Income was $30.3 for the three and nine months ended January 31, 2025. The reclassification is related to the debt extinguishment due to the tender offers, as discussed in Note 8: Debt and Financing Arrangements.
v3.25.4
Derivative Financial Instruments (Details Textual) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Apr. 30, 2025
Derivative Financial Instruments (Textual) [Abstract]          
Collateral pledged $ 2.7   $ 2.7    
Collateral received         $ 37.5
Cumulative net mark-to-market valuation of certain derivative positions recognized in unallocated derivative gains (losses) (10.0)   (10.0)   80.8
Interest expense – net (94.5) $ (95.4) (293.3) $ (294.5)  
Loss (Gain) on Reverse Tresaury Lock       4.5  
Other debt gains (charges) – net $ 0.0 $ 30.3 [1] $ 0.0 $ 30.3 [1]  
Commodity contracts          
Derivative Financial Instruments (Textual) [Abstract]          
Derivative instrument maturity 1 year   1 year    
Foreign currency exchange contracts          
Derivative Financial Instruments (Textual) [Abstract]          
Derivative instrument maturity 1 year   1 year    
Interest rate contracts          
Derivative Financial Instruments (Textual) [Abstract]          
Deferred Gain (Loss) on Cash Flow Hedges Included in Accumulated Other Comprehensive Income or Loss $ (108.0)   $ (108.0)   (117.4)
Tax impact related to deferred losses and gains on cash flow hedges included in accumulated other comprehensive loss $ 25.1   25.1   $ 27.3
Effective portion of the hedge loss reclassified to interest expense over the next twelve months     $ (12.5)    
[1] Includes a net gain on extinguishment of debt as a result of tender offers completed during the third quarter of 2025. For more information, see Note 8: Debt and Financing Arrangements.
v3.25.4
Other Financial Instruments and Fair Value Measurements (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Apr. 30, 2025
Carrying amount and fair value of financial instruments    
Total long-term debt [1] $ (6,841.3) $ (7,036.8)
Carrying Amount [Member]    
Carrying amount and fair value of financial instruments    
Marketable securities and other investments 19.3 20.0
Derivative financial instruments – net 4.6 62.1
Total long-term debt (6,841.3) (7,036.8)
Fair Value [Member]    
Carrying amount and fair value of financial instruments    
Marketable securities and other investments 19.3 20.0
Derivative financial instruments – net 4.6 62.1
Total long-term debt $ (6,845.7) $ (7,242.0)
[1] Represents the carrying amount included in the Condensed Consolidated Balance Sheets, which includes the impact of capitalized debt issuance costs, offering discounts, and terminated interest rate contracts.
v3.25.4
Other Financial Instruments and Fair Value Measurements (Details 1) - Fair value measurements recurring [Member] - USD ($)
$ in Millions
Jan. 31, 2026
Apr. 30, 2025
Financial assets (liabilities) measured at fair value on a recurring basis    
Total long-term debt [1] $ (6,845.7) $ (7,242.0)
Total financial instruments measured at fair value (6,821.8) (7,159.9)
Equity mutual funds    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 4.3 4.0
Municipal obligations    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 14.1 15.8
Money market funds    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 0.9 0.2
Commodity contracts - net    
Financial assets (liabilities) measured at fair value on a recurring basis    
Derivative financial instruments [3] 5.6 62.8
Foreign currency exchange contracts - net    
Financial assets (liabilities) measured at fair value on a recurring basis    
Derivative financial instruments [3] (1.0) (0.7)
Fair Value, Inputs, Level 1 [Member]    
Financial assets (liabilities) measured at fair value on a recurring basis    
Total long-term debt [1] (6,372.6) (6,532.5)
Total financial instruments measured at fair value (6,361.7) (6,465.5)
Fair Value, Inputs, Level 1 [Member] | Equity mutual funds    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 4.3 4.0
Fair Value, Inputs, Level 1 [Member] | Municipal obligations    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Money market funds    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 0.9 0.2
Fair Value, Inputs, Level 1 [Member] | Commodity contracts - net    
Financial assets (liabilities) measured at fair value on a recurring basis    
Derivative financial instruments [3] 5.7 62.8
Fair Value, Inputs, Level 1 [Member] | Foreign currency exchange contracts - net    
Financial assets (liabilities) measured at fair value on a recurring basis    
Derivative financial instruments [3] 0.0 0.0
Fair Value, Inputs, Level 2 [Member]    
Financial assets (liabilities) measured at fair value on a recurring basis    
Total long-term debt [1] (473.1) (709.5)
Total financial instruments measured at fair value (460.1) (694.4)
Fair Value, Inputs, Level 2 [Member] | Equity mutual funds    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 0.0 0.0
Fair Value, Inputs, Level 2 [Member] | Municipal obligations    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 14.1 15.8
Fair Value, Inputs, Level 2 [Member] | Money market funds    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 0.0 0.0
Fair Value, Inputs, Level 2 [Member] | Commodity contracts - net    
Financial assets (liabilities) measured at fair value on a recurring basis    
Derivative financial instruments [3] (0.1) 0.0
Fair Value, Inputs, Level 2 [Member] | Foreign currency exchange contracts - net    
Financial assets (liabilities) measured at fair value on a recurring basis    
Derivative financial instruments [3] (1.0) (0.7)
Fair Value, Inputs, Level 3 [Member]    
Financial assets (liabilities) measured at fair value on a recurring basis    
Total long-term debt [1] 0.0 0.0
Total financial instruments measured at fair value 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Equity mutual funds    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Municipal obligations    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Money market funds    
Financial assets (liabilities) measured at fair value on a recurring basis    
Marketable securities and other investments [2] 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Commodity contracts - net    
Financial assets (liabilities) measured at fair value on a recurring basis    
Derivative financial instruments [3] 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Foreign currency exchange contracts - net    
Financial assets (liabilities) measured at fair value on a recurring basis    
Derivative financial instruments [3] $ 0.0 $ 0.0
[1] Long-term debt is composed of public Senior Notes classified as Level 1 and the Term Loan classified as Level 2. The public Senior Notes are traded in an active secondary market and valued using quoted prices. The fair value of the Term Loan is based on the net present value of each interest and principal payment calculated utilizing an interest rate derived from an estimated yield curve obtained from independent pricing sources for similar types of term loan borrowing arrangements. For additional information, see Note 8: Debt and Financing Arrangements.
[2] Marketable securities and other investments consist of funds maintained for the payment of benefits associated with nonqualified retirement plans. The funds include equity securities listed in active markets, municipal obligations valued by a third-party using valuation techniques that utilize inputs that are derived principally from or corroborated by observable market data, and money market funds with maturities of three months or less. Based on the short-term nature of these money market funds, carrying value approximates fair value. As of January 31, 2026, our municipal obligations are scheduled to mature as follows: $0.1 in 2026, $3.9 in 2027, $0.4 in 2028, $2.0 in 2029, $0.6 in 2030, and the remaining $7.1 in 2031 and beyond.
[3] Level 1 commodity and foreign currency exchange derivatives are valued using quoted market prices for identical instruments in active markets. Level 2 commodity and foreign currency exchange derivatives are valued using quoted prices for similar assets or liabilities in active markets. For additional information, see Note 10: Derivative Financial Instruments.
v3.25.4
Other Financial Instruments and Fair Value Measurements (Details Textual) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Other Financial Instruments and Fair Value Measurements (Textual) [Abstract]        
Company's Municipal bond mature in Year One $ 0.1   $ 0.1  
Company's Municipal bond mature in Year Two 3.9   3.9  
Company's Municipal bond mature in Year Three 0.4   0.4  
Company's Municipal bond mature in Year Four 2.0   2.0  
Company's Municipal bond mature in Year Five 0.6   0.6  
Company's Municipal bond mature in Year Six and beyond 7.1   7.1  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]        
Asset Impairment Charges 961.7 $ 1,000.0    
Goodwill impairment charges 507.5 794.3 507.5 [1] $ 794.3
Other intangible assets impairment charges $ 454.2 $ 208.2 $ 454.2 $ 208.2
[1] We have recognized accumulated goodwill impairment charges of $2,412.0 as of January 31, 2026.
v3.25.4
Leases (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Apr. 30, 2025
Leases [Abstract]    
Operating Lease, Right-of-Use Asset $ 153.0 $ 115.4
Current operating lease liabilities $ 33.6 $ 37.5
Operating lease current liabilities balance sheet location Other Liabilities, Current Other Liabilities, Current
Noncurrent operating lease liabilities $ 126.1 $ 84.1
Total operating lease liabilities 159.7 121.6
Machinery and equipment 22.9 25.4
Accumulated depreciation (13.2) (13.5)
Total property, plant, and equipment $ 9.7 $ 11.9
Finance lease right-of-use assets balance sheet location Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Machinery and Equipment, Gross, Property, Plant and Equipment, Net Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Machinery and Equipment, Gross, Property, Plant and Equipment, Net
Other current liabilities $ 3.2 $ 3.3
Finance lease current liabilities balance sheet location Other Liabilities, Current Other Liabilities, Current
Other noncurrent liabilities $ 7.2 $ 9.2
Finance lease noncurrent liabilities balance sheet location Other Liabilities, Noncurrent Other Liabilities, Noncurrent
Total finance lease liabilities $ 10.4 $ 12.5
Total finance lease liabilities balance sheet location Liabilities Liabilities
v3.25.4
Leases (Details 1) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Leases [Abstract]        
Operating lease cost $ 11.9 $ 11.0 $ 35.9 $ 35.5
Finance lease cost:        
Amortization of right-of-use assets 0.9 0.9 2.6 2.5
Interest on lease liabilities 0.1 0.2 0.4 0.5
Variable lease cost 5.4 3.9 16.8 16.2
Short-term lease cost 10.2 9.4 31.0 33.3
Total lease cost [1] $ 28.5 $ 25.4 $ 86.7 $ 88.0
[1] Total lease cost does not include sublease income which is immaterial for all years presented.
v3.25.4
Leases (Details 2) - USD ($)
$ in Millions
 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Leases [Abstract]    
Operating cash flows from operating leases $ 35.3 $ 36.5
Operating cash flows from finance leases 0.4 0.4
Financing cash flows from finance leases 2.7 2.6
Right-of-use asset obtained in exchange for operating lease liabilities 68.0 8.7
Right-of-use asset obtained in exchange for finance lease liabilities $ 0.4 $ 2.6
v3.25.4
Leases (Details 3) - USD ($)
$ in Millions
Jan. 31, 2026
Apr. 30, 2025
Operating Lease Liabilities, Payments Due [Abstract]    
2026 (remainder of the year) $ 11.1  
2027 35.7  
2028 27.0  
2029 25.4  
2030 25.3  
2031 and beyond 61.8  
Total undiscounted minimum lease payments 186.3  
Less: Imputed interest 26.6  
Total operating lease liabilities 159.7  
Finance Lease Liabilities, Payments, Due [Abstract]    
2026 (remainder of the year) 0.9  
2027 3.6  
2028 3.4  
2029 2.0  
2030 0.8  
2031 and beyond 0.6  
Total undiscounted minimum lease payments 11.3  
Less: Imputed interest 0.9  
Total finance lease liabilities $ 10.4 $ 12.5
v3.25.4
Leases (Details 4)
Jan. 31, 2026
Apr. 30, 2025
Leases [Abstract]    
Operating leases, Weighted average remaining lease term 6 years 2 months 12 days 6 years 1 month 6 days
Finance leases, Weighted average remaining lease term 3 years 6 months 4 years
Operating leases, Weighted average discount rate 4.80% 4.60%
Finance leases, Weighted average discount rate 5.10% 5.00%
v3.25.4
Leases (Details Textual)
$ in Millions
Jan. 31, 2026
USD ($)
Maximum | Development Authority of Columbus GA  
Sale Leaseback Transaction [Line Items]  
TaxExemptBond $ 120.6
v3.25.4
Income Taxes (Details Textual) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Income Taxes (Textual) [Abstract]        
Time Period Over Which it is Reasonably Possible That Company Could Increase or Decrease its Unrecognized Tax Benefits     12 months  
Amount unrecognized tax benefit could decrease in the next 12 months $ 1.1   $ 1.1  
Income Tax Expense (Benefit) $ 72.3 $ (0.2) $ 136.8 $ 152.1
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 21.00% 21.00% 21.00%
v3.25.4
Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Oct. 31, 2025
Jul. 31, 2025
Apr. 30, 2025
Oct. 31, 2024
Jul. 31, 2024
Apr. 30, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]                
Accumulated Other Comprehensive Income (Loss), Beginning Balance $ (184.5)              
Accumulated Other Comprehensive Income (Loss), Ending Balance (168.2)              
Stockholders' Equity Attributable to Parent 5,236.1 $ 6,907.3 $ 6,060.2 $ 5,925.9 $ 6,082.6 $ 7,633.1 $ 7,769.5 $ 7,693.9
Foreign Currency Translation Adjustment [Member]                
AOCI Attributable to Parent, Net of Tax [Roll Forward]                
Reclassification adjustments 0.0 0.0            
Current period credit (charge) 2.8 (14.3)            
Income tax benefit (expense) 0.0 0.0            
Stockholders' Equity Attributable to Parent (38.9) (53.5)     (41.7)     (39.2)
Net Gains (Losses) on Cash Flow Hedging Derivatives [Member]                
AOCI Attributable to Parent, Net of Tax [Roll Forward]                
Reclassification adjustments [1] 9.4 66.7            
Current period credit (charge) [1] 0.0 0.0            
Income tax benefit (expense) [1] (2.2) (15.7)            
Stockholders' Equity Attributable to Parent [1] (82.9) (92.1)     (90.1)     (143.1)
Pension and Other Postretirement Liabilities [Member]                
AOCI Attributable to Parent, Net of Tax [Roll Forward]                
Reclassification adjustments [2] 8.9 1.4            
Current period credit (charge) [2] (1.4) 0.0            
Income tax benefit (expense) [2] (1.7) (0.4)            
Stockholders' Equity Attributable to Parent [2] (47.4) (52.4)     (53.2)     (53.4)
Unrealized Gain (Loss) on Available-for-Sale Securities [Member]                
AOCI Attributable to Parent, Net of Tax [Roll Forward]                
Reclassification adjustments 0.0 0.0            
Current period credit (charge) 0.7 (0.5)            
Income tax benefit (expense) (0.2) 0.1            
Stockholders' Equity Attributable to Parent 1.0 0.7     0.5     1.1
AOCI Attributable to Parent [Member]                
AOCI Attributable to Parent, Net of Tax [Roll Forward]                
Reclassification adjustments 18.3 68.1            
Current period credit (charge) 2.1 (14.8)            
Income tax benefit (expense) (4.1) (16.0)            
Stockholders' Equity Attributable to Parent $ (168.2) $ (197.3) $ (182.7) $ (182.5) $ (184.5) $ (239.0) $ (232.2) $ (234.6)
[1] The reclassification from accumulated other comprehensive income (loss) is primarily composed of deferred gains (losses) related to terminated interest rate contracts which were reclassified to interest expense – net. In addition, a portion of the reclassification in 2025 was reclassified to other debt gains (charges) – net resulting from the extinguishment of debt from the tender offers. For additional information, see Note 8: Debt and Financing Arrangements and Note 10: Derivative Financial Instruments.
[2] The reclassification from accumulated other comprehensive income (loss) to other income (expense) – net is composed of settlement charges and amortization of net losses and prior service costs. For additional information, see Note 9: Pensions and Other Postretirement Benefits.
v3.25.4
Contingencies (Details Textual) - Voortman Contingency - CAD ($)
$ in Millions
 3 Months Ended
Nov. 03, 2022
Sep. 30, 2022
Gain Contingencies [Line Items]    
Damages sought $ 109.0  
Punitive or aggravated damages, interest, proceedings fees and any other relief sought $ 5.0  
Proceeds from legal settlements   $ 42.5
v3.25.4
Common Shares (Details) - shares
shares in Millions
Jan. 31, 2026
Apr. 30, 2025
Common Shares Information    
Common shares authorized 300.0 300.0
Common shares outstanding 106.7 106.4
Treasury shares outstanding 43.8 44.1
CommonStockSharesIssuedNotDisclosed true  
v3.25.4
Common Shares (Details Textual) - USD ($)
shares in Millions, $ in Millions
 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Equity, Class of Treasury Stock [Line Items]    
Payments to repurchase shares $ 5.2 $ 3.1
Board Authorized Repurchased Plan    
Equity, Class of Treasury Stock [Line Items]    
Shares repurchased 0.0 0.0
Share Repurchase Program, Remaining Authorized, Number of Shares 1.1  
v3.25.4
Supplier Financing Program (Details Textual) - USD ($)
$ in Millions
 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Apr. 30, 2025
Supplier Finance Program [Line Items]      
Supplier Finance Program, Obligation $ 296.1   $ 340.4
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration] Accounts Payable, Current   Accounts Payable, Current
Supplier Finance Program, Obligation, Settlement $ 938.2 $ 1,211.9  
Minimum      
Supplier Finance Program [Line Items]      
Supplier Finance Program, Payment Timing, Period 0 days    
Maximum      
Supplier Finance Program [Line Items]      
Supplier Finance Program, Payment Timing, Period 180 days