XML 17 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Consolidated Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2020
Oct. 31, 2019
Income Statement [Abstract]        
Net sales $ 2,034.0 $ 1,957.8 $ 4,005.8 $ 3,736.7
Cost of products sold 1,215.8 1,203.8 2,412.2 2,283.1
Gross Profit 818.2 754.0 1,593.6 1,453.6
Selling, distribution, and administrative expenses 382.8 361.5 740.3 742.0
Amortization 59.5 58.8 119.1 117.6
Other special project costs [1] 0.0 3.3 0.0 6.6
Other operating expense (income) – net (4.9) 0.6 (7.7) 0.0
Operating Income 380.8 329.8 741.9 587.4
Interest expense – net (45.1) (49.1) (91.2) (98.5)
Other income (expense) – net (32.2) (1.6) (33.6) (3.1)
Income Before Income Taxes 303.5 279.1 617.1 485.8
Income tax expense 72.7 67.9 149.3 120.0
Net Income $ 230.8 $ 211.2 $ 467.8 $ 365.8
Earnings per common share:        
Net Income (in dollars per share) $ 2.02 $ 1.85 $ 4.10 $ 3.21
Net Income - Assuming Dilution (in dollars per share) $ 2.02 $ 1.85 $ 4.10 $ 3.21
[1] Other special project costs includes integration and restructuring costs. For more information, see Note 3: Integration and Restructuring Costs.