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Derivative Financial Instruments (Tables)
 3 Months Ended
Jul. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table presents the pre-tax impact that changes in the fair value of our derivative instruments and non-derivative hedging instruments had on AOCI and earnings during the periods covered by this report:
 
 
Three Months Ended
 
 
July 31,
(Dollars in millions)
Classification
2015
 
2016
Derivative Instruments
 
 
 
 
Currency derivatives designated as cash flow hedges:
 
 

 
 

Net gain (loss) recognized in AOCI
n/a
$
29

 
$
29

Net gain (loss) reclassified from AOCI into income
Net sales
13

 
10

Interest rate derivatives designated as cash flow hedges:
 
 
 
 
Net gain (loss) recognized in AOCI
n/a
8

 
—

Currency derivatives designated as net investment hedge:
 
 
 
 
Net gain (loss) recognized in AOCI
n/a
—

 
8

Currency derivatives not designated as hedging instruments:
 
 

 
 

Net gain (loss) recognized in income
Net sales
3

 
1

Net gain (loss) recognized in income
Other income
4

 
(5
)
Non-Derivative Hedging Instruments
 
 
 
 
Foreign currency-denominated debt designated as net investment hedge:
 
 
 
 
Net gain (loss) recognized in AOCI
n/a
—

 
(10
)
Foreign currency-denominated debt not designated as hedging instrument:
 
 
 
 
Net gain (loss) recognized in income
Other income
—

 
(1
)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following table presents the fair values of our derivative instruments as of April 30, 2016 and July 31, 2016.

(Dollars in millions)


Classification
 
Fair value of derivatives in a gain position
 
Fair value of derivatives in a
loss position
April 30, 2016:
 
 
 
 
 
Designated as cash flow hedges:
 
 
 
 
 
Currency derivatives
Other current assets
 
$
23

 
$
(2
)
Currency derivatives
Other assets
 
3

 
(2
)
Currency derivatives
Accrued expenses
 
4

 
(8
)
Currency derivatives
Other liabilities
 
3

 
(9
)
Not designated as hedges:
 
 
 
 
 
Currency derivatives
Other current assets
 
1

 
(4
)
July 31, 2016:
 
 
 
 
 
Designated as cash flow hedges:
 
 
 
 
 
Currency derivatives
Other current assets
 
25

 
(3
)
Currency derivatives
Other assets
 
14

 
(6
)
Currency derivatives
Accrued expenses
 
10

 
(5
)
Currency derivatives
Other liabilities
 
1

 
(2
)
Not designated as hedges:
 
 
 
 
 
Currency derivatives
Other current assets
 
—

 
(2
)
Currency derivatives
Accrued expenses
 
—

 
(9
)
Offsetting Derivative Assets and Liabilities [Table Text Block]
The following table summarizes the gross and net amounts of our derivative contracts.
(Dollars in millions)
Gross Amounts of Recognized Assets (Liabilities)
 
Gross Amounts Offset in Balance Sheet
 
Net Amounts Presented in Balance Sheet
 
Gross Amounts Not Offset in Balance Sheet
 
Net Amounts
April 30, 2016:
 
 
 
 
 
 
 
 
 
Derivative assets
$
34

 
$
(15
)
 
$
19

 
$
(6
)
 
$
13

Derivative liabilities
(25
)
 
15

 
(10
)
 
6

 
(4
)
July 31, 2016:
 
 
 
 
 
 
 
 
 
Derivative assets
50

 
(22
)
 
28

 
(3
)
 
25

Derivative liabilities
(27
)
 
22

 
(5
)
 
3

 
(2
)