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Condensed Statements of Consolidated Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2016
Oct. 31, 2015
Income Statement [Abstract]        
Net sales $ 1,913.9 $ 2,077.7 $ 3,729.7 $ 4,029.7
Cost of products sold 1,171.0 1,290.4 2,264.1 2,513.7
Gross Profit 742.9 787.3 1,465.6 1,516.0
Selling, distribution, and administrative expenses 363.1 389.8 719.1 777.4
Amortization 51.8 53.0 103.5 106.0
Other special project costs [1] 26.6 30.6 48.8 53.5
Other operating (income) expense – net (1.9) 0.1 (2.9) (1.8)
Operating Income 303.3 313.8 597.1 580.9
Interest expense – net (41.0) (42.6) (82.5) (87.0)
Other income (expense) – net 3.2 (1.6) 4.3 (1.5)
Income Before Income Taxes 265.5 269.6 518.9 492.4
Income taxes 88.2 93.6 171.6 180.0
Net Income $ 177.3 $ 176.0 $ 347.3 $ 312.4
Earnings per common share:        
Net Income (in dollars per share) $ 1.52 $ 1.47 $ 2.98 $ 2.61
Net Income - Assuming Dilution (in dollars per share) 1.52 1.47 2.98 2.61
Dividends Declared per Common Share (in dollars per share) $ 0.75 $ 0.67 $ 1.50 $ 1.34
[1] Other special project costs include merger and integration and restructuring costs. For more information, see Note 4: Integration and Restructuring Costs.