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Condensed Statements of Consolidated Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
Income Statement [Abstract]        
Net sales $ 2,076.7 $ 1,972.3 $ 6,082.5 $ 5,709.0
Cost of products sold 1,267.3 1,212.3 3,679.5 3,495.4
Gross Profit 809.4 760.0 2,403.0 2,213.6
Selling, distribution, and administrative expenses 371.7 358.9 1,112.0 1,100.9
Amortization 57.0 58.8 176.1 176.4
Other intangible assets impairment charge 0.0 52.4 0.0 52.4
Other special project costs [1] 1.7 3.3 1.7 9.9
Other operating expense (income) – net (27.2) (2.4) (34.9) (2.4)
Operating Income 406.2 289.0 1,148.1 876.4
Interest expense – net (43.5) (45.1) (134.7) (143.6)
Other income (expense) – net (1.2) (1.4) (34.8) (4.5)
Income Before Income Taxes 361.5 242.5 978.6 728.3
Income tax expense 100.0 55.1 249.3 175.1
Net Income $ 261.5 $ 187.4 $ 729.3 $ 553.2
Earnings per common share:        
Net Income (in dollars per share) $ 2.32 $ 1.64 $ 6.42 $ 4.85
Net Income - Assuming Dilution (in dollars per share) $ 2.32 $ 1.64 $ 6.42 $ 4.85
[1] Other special project costs includes integration and restructuring costs. For more information, see Note 3: Integration and Restructuring Costs.