Derivative Financial Instruments and Hedging Activities (Tables)

9 Months Ended

Jan. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss) [Table Text Block]

The following tables present the pre-tax impact that changes in the fair value of our derivative instruments and non-derivative hedging instruments had on AOCI and earnings:

		Three Months Ended
		January 31,
(Dollars in millions)	Classification	2019			2020
Currency derivatives designated as cash flow hedges:
Net gain (loss) recognized in AOCI	n/a	$	(5	)	$	4
Net gain (loss) reclassified from AOCI into earnings	Sales	5			5
Currency derivatives not designated as hedging instruments:
Net gain (loss) recognized in earnings	Sales	$	(1	)	$	(1	)
Net gain (loss) recognized in earnings	Other income (expense), net	6			4
Foreign currency-denominated debt designated as net investment hedge:
Net gain (loss) recognized in AOCI	n/a	$	(11	)	$	(5	)
Total amounts presented in the accompanying condensed consolidated statements of operations for line items affected by the net gains (losses) shown above:
Sales		$	1,181		$	1,178
Other income (expense), net		1			4

		Nine Months Ended
		January 31,
(Dollars in millions)	Classification	2019		2020
Currency derivatives designated as cash flow hedges:
Net gain (loss) recognized in AOCI	n/a	$	51	$	17
Net gain (loss) reclassified from AOCI into earnings	Sales	3		16
Currency derivatives not designated as hedging instruments:
Net gain (loss) recognized in earnings	Sales	$	5	$	(2	)
Net gain (loss) recognized in earnings	Other income (expense), net	4		6
Foreign currency-denominated debt designated as net investment hedge:
Net gain (loss) recognized in AOCI	n/a	$	36	$	(2	)
Total amounts presented in the accompanying condensed consolidated statements of operations for line items affected by the net gains (losses) shown above:
Sales		$	3,329	$	3,404
Other income (expense), net		13		13

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:

		April 30, 2019					January 31, 2020
(Dollars in millions)	Classification	Derivative Assets		Derivative Liabilities			Derivative Assets		Derivative Liabilities
Designated as cash flow hedges:
Currency derivatives	Other current assets	$	21	$	(2	)	$	32	$	(2	)
Currency derivatives	Other assets	22		(1		)	18		(2		)
Currency derivatives	Accrued expenses	—		(5		)	—		(7		)
Currency derivatives	Other liabilities	—		(1		)	—		(2		)
Not designated as hedges:
Currency derivatives	Other current assets	—		—			4		—

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, 2019
Derivative assets	$	43		$	(3	)	$	40		$	—		$	40
Derivative liabilities	(9		)	3			(6		)	—			(6		)
January 31, 2020
Derivative assets	54			(4		)	50			(4		)	46
Derivative liabilities	(13		)	4			(9		)	4			(5		)