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Condensed Statements of Consolidated Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Jan. 31, 2021
Income Statement [Abstract]        
Net sales $ 2,057.1 $ 2,076.7 $ 5,965.1 $ 6,082.5
Cost of products sold [1] 1,374.0 1,267.3 3,931.1 3,679.5
Gross Profit 683.1 809.4 2,034.0 2,403.0
Selling, distribution, and administrative expenses 336.0 371.7 1,007.7 1,112.0
Amortization 55.3 57.0 166.1 176.1
Other intangible assets impairment charge 150.4 0.0 150.4 0.0
Other special project costs [1],[2] 2.0 1.7 5.1 1.7
Other operating expense (income) – net (11.2) (27.2) (17.1) (34.9)
Operating Income 150.6 406.2 721.8 1,148.1
Interest expense – net (39.5) (43.5) (122.9) (134.7)
Other income (expense) – net (1.5) (1.2) (15.3) (34.8)
Income Before Income Taxes 109.6 361.5 583.6 978.6
Income tax expense 39.9 100.0 154.0 249.3
Net Income $ 69.7 $ 261.5 $ 429.6 $ 729.3
Earnings per common share:        
Net Income (in dollars per share) $ 0.64 $ 2.32 $ 3.96 $ 6.42
Net Income - Assuming Dilution (in dollars per share) $ 0.64 $ 2.32 $ 3.96 $ 6.42
[1] Special project costs include certain divestiture, acquisition, integration, and restructuring costs, which are recognized in cost of products sold and other special project costs. For more information, see Note 3: Integration and Restructuring Costs and Note 5: Reportable Segments.
[2] Special project costs include certain divestiture, acquisition, integration, and 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: Integration and Restructuring Costs.