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Condensed Statements of Consolidated Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Oct. 31, 2018
Oct. 31, 2017
Income Statement [Abstract]        
Net sales $ 2,021.5 $ 1,923.6 $ 3,924.0 $ 3,672.5
Cost of products sold 1,250.2 1,168.6 2,474.5 2,255.4
Gross Profit 771.3 755.0 1,449.5 1,417.1
Selling, distribution, and administrative expenses 382.4 359.5 765.7 708.3
Amortization 59.7 51.6 120.2 103.1
Other special project costs [1],[2] 25.4 9.7 33.1 36.8
Other operating expense (income) – net (26.7) 2.1 (26.9) 1.6
Operating Income 330.5 332.1 557.4 567.3
Interest expense – net (53.6) (41.6) (107.2) (83.6)
Other income (expense) – net (7.5) 1.3 (7.7) (2.9)
Income Before Income Taxes 269.4 291.8 442.5 480.8
Income tax expense (benefit) 80.9 97.2 121.0 159.4
Net Income $ 188.5 $ 194.6 $ 321.5 $ 321.4
Earnings per common share:        
Net Income (in dollars per share) $ 1.66 $ 1.71 $ 2.83 $ 2.83
Net Income - Assuming Dilution (in dollars per share) 1.66 1.71 2.83 2.83
Dividends Declared per Common Share (in dollars per share) $ 0.85 $ 0.78 $ 1.70 $ 1.56
[1] Other special project costs includes integration and restructuring costs. For more information, see Note 5: Integration and Restructuring Costs.
[2] Special project costs includes integration and restructuring costs. For more information, see Note 5: Integration and Restructuring Costs.