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Condensed Statements of Consolidated Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2023
Jan. 31, 2022
Income Statement [Abstract]        
Net sales $ 2,216.3 $ 2,057.1 $ 6,294.4 $ 5,965.1
Cost of products sold [1] 1,460.5 1,374.0 4,285.0 3,931.1
Gross Profit 755.8 683.1 2,009.4 2,034.0
Selling, distribution, and administrative expenses 380.9 336.0 1,079.0 1,007.7
Amortization 55.6 55.3 166.8 166.1
Other intangible assets impairment charge 0.0 150.4 0.0 150.4
Other special project costs [1],[2] 0.6 2.0 2.7 5.1
Other operating expense (income) – net 0.8 (11.2) (30.1) (17.1)
Operating Income 317.9 150.6 791.0 721.8
Interest expense – net (37.9) (39.5) (116.7) (122.9)
Other income (expense) – net (4.6) (1.5) (4.9) (15.3)
Income Before Income Taxes 275.4 109.6 669.4 583.6
Income tax expense 66.9 39.9 160.0 154.0
Net Income $ 208.5 $ 69.7 $ 509.4 $ 429.6
Earnings per common share:        
Net Income (in dollars per share) $ 1.96 $ 0.64 $ 4.78 $ 3.96
Net Income - Assuming Dilution (in dollars per share) $ 1.95 $ 0.64 $ 4.77 $ 3.96
[1] Special project costs include certain restructuring costs, which are recognized in cost of products sold and other special project costs. For more information, see Note 3: Restructuring Costs and Note 5: Reportable Segments.
[2] Special project costs include certain restructuring costs, which are recognized in cost of products sold and other special project costs in the Condensed Statements of Consolidated Income. For more information, see Note 3: Restructuring Costs.