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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2017
Cash flows from operating activities:      
Net income $ 835 $ 717 $ 669
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization 72 64 58
Stock-based compensation expense 14 19 14
Deferred income tax provision (benefit) 38 (69) (10)
U.S. Tax Act repatriation tax provision (benefit) (4) 91 0
Other, net 8 (8) 11
Changes in assets and liabilities, excluding the effects of acquisition of business:      
Accounts receivable 23 (70) 6
Inventories (162) (102) (86)
Other current assets 30 29 12
Accounts payable and accrued expenses (43) 58 (17)
Accrued income taxes (16) 8 (11)
Other operating assets and liabilities 5 (84) 10
Cash provided by operating activities 800 653 656
Cash flows from investing activities:      
Acquisition of business, net of cash acquired 0 0 (307)
Additions to property, plant, and equipment (119) (127) (112)
Payments for corporate-owned life insurance (2) (21) (17)
Proceeds from corporate-owned life insurance 4 0 0
Computer software expenditures (2) (1) (3)
Cash used for investing activities (119) (149) (439)
Cash flows from financing activities:      
Net change in short-term borrowings (71) (3) (122)
Repayment of long-term debt 0 (250) 0
Proceeds from long-term debt 0 595 717
Debt issuance costs 0 (6) (5)
Net payments related to exercise of stock-based awards (11) (28) (10)
Acquisition of treasury stock (207) (1) (561)
Dividends paid (310) (773) (274)
Repayment of short-term obligation associated with acquisition of business 0 0 (30)
Cash used for financing activities (599) (466) (285)
Effect of exchange rate changes on cash and cash equivalents (14) 19 (13)
Net increase (decrease) in cash and cash equivalents 68 57 (81)
Cash and cash equivalents, beginning of period 239 182 263
Cash and cash equivalents, end of period 307 239 182
Supplemental disclosure of cash paid for:      
Interest 90 65 48
Income taxes $ 201 $ 200 $ 266