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Income Taxes (Tables)

12 Months Ended

Apr. 30, 2011

Domestic and foreign income before income taxes


	2009		2010		2011
United States	$	533	$	576	$	696
Foreign		97		106		133

	$	630	$	682	$	829

Deferred tax assets and liabilities


April 30,	2010			2011
Deferred tax assets:
Postretirement and other benefits	$	125		$	94
Accrued liabilities and other		26			22
Loss and credit carryforwards		56			50
Valuation allowance		(40	)		(23	)

Total deferred tax assets, net		167			143


Deferred tax liabilities:
Trademarks and brand names		(168	)		(195	)
Property, plant, and equipment		(37	)		(46	)

Total deferred tax liabilities, net		(205	)		(241	)


Net deferred tax liability	$	(38	)	$	(98	)

Total income tax expense


	2009			2010			2011
Current:
U.S. federal	$	142		$	175		$	171
Foreign		26			28			41
State and local		15			19			18

		183			222			230


Deferred:
U.S. federal	$	14		$	16		$	46
Foreign		(2	)		(5	)		(1	)
State and local		—			—			(18	)

		12			11			27

	$	195		$	233		$	257

Reconciliation of effective tax rate to United States federal statutory tax rate


	Percent of Income Before Taxes
	2009			2010			2011
U.S. federal statutory rate		35.0	%		35.0	%		35.0	%
State taxes, net of U.S. federal tax benefit		1.8			1.8			1.1
Income taxed at other than U.S. federal statutory rate		(1.3	)		(1.0	)		(0.4	)
Tax benefit from U.S. manufacturing		(1.7	)		(1.7	)		(2.2	)
Capital loss benefit		(1.2	)		—			(2.7	)
Nondeductible goodwill on Fetzer sale		—			—			2.1
Other, net		(1.5	)		—			(1.9	)

Effective rate		31.1	%		34.1	%		31.0	%

Reconciliation of beginning and ending unrecognized tax benefits


	2009			2010			2011
Unrecognized tax benefits at beginning of year	$	35		$	26		$	35
Additions for tax positions provided in prior periods		1			—			1
Additions for tax positions provided in current period		4			13			14
Decreases for tax positions provided in prior years		—			—			(4	)
Settlements of tax positions in the current period		(2	)		(3	)		(5	)
Lapse of statutes of limitations		(12	)		(1	)		(1	)

Unrecognized tax benefits at end of year	$	26		$	35		$	40

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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