XML 23 R16.htm IDEA: XBRL DOCUMENT

Debt

12 Months Ended

Apr. 30, 2011

7. DEBT

Our long-term debt consisted of:


April 30,	2010		2011
5.2% notes, due in fiscal 2012	$	250	$	252
5.0% notes, due in fiscal 2014		250		250
2.5% notes, due in fiscal 2016		—		249
Other		11		8

		511		759
Less current portion		3		255

	$	508	$	504

Debt payments required over the next five fiscal years consist of $253 in 2012, $3 in 2013, $253 in 2014, and $250 in 2016. (As discussed in Note 10, the carrying value of our debt includes adjustments related to interest rate swap contracts.) In addition to long-term debt, we had short-term borrowings outstanding with a weighted average interest rate of 0.2% at April 30, 2010.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details