XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Statements of Consolidated Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Jan. 31, 2018
Jan. 31, 2017
Income Statement [Abstract]        
Net sales $ 1,903.3 $ 1,878.8 $ 5,575.8 $ 5,608.5
Cost of products sold 1,174.8 1,155.9 3,430.2 3,420.0
Gross Profit 728.5 722.9 2,145.6 2,188.5
Selling, distribution, and administrative expenses 331.9 337.2 1,043.0 1,056.3
Amortization 51.6 51.7 154.7 155.2
Impairment charges 176.9 75.7 176.9 75.7
Other special project costs [1],[2] 5.6 18.0 42.4 66.8
Other operating expense (income) – net (0.2) 2.6 1.4 (0.3)
Operating Income 162.7 237.7 727.2 834.8
Interest expense – net (43.1) (40.3) (126.7) (122.8)
Other income (expense) – net (3.6) 0.2 (3.7) 4.5
Income Before Income Taxes 116.0 197.6 596.8 716.5
Income tax expense (benefit) (715.3) 63.0 (555.9) 234.6
Net Income $ 831.3 $ 134.6 $ 1,152.7 $ 481.9
Earnings per common share:        
Net Income (in dollars per share) $ 7.32 $ 1.16 $ 10.15 $ 4.14
Net Income - Assuming Dilution (in dollars per share) 7.32 1.16 10.15 4.14
Dividends Declared per Common Share (in dollars per share) $ 0.78 $ 0.75 $ 2.34 $ 2.25
[1] Other special project costs includes integration and restructuring costs. For more information, see Note 4: Integration and Restructuring Costs.
[2] Special project costs includes integration and restructuring costs. For more information, see Note 4: Integration and Restructuring Costs.