XML 37 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases (Tables)
9 Months Ended
Jan. 31, 2020
Leases [Abstract]  
ROU Assets and Lease Liabilities [Table Text Block]
The following table shows the amounts and classification of ROU assets and lease liabilities on our balance sheet as of January 31, 2020:
 
 
January 31,
(Dollars in millions)
Classification
2020
Right-of-use assets
Other assets
$
55

 
 
 
Lease liabilities:
 
 
Current
Accounts payable and accrued expenses
$
17

Non-current
Other liabilities
39

Total
 
$
56


Lease Cost and Other Lease Information [Table Text Block]
The following table shows information about the effects of leases during the three-month and nine-month periods ended January 31, 2020:
 
Three Months
 
Nine Months
 
Ended
 
Ended
(Dollars in millions)
January 31, 2020
 
January 31, 2020
Total lease cost1
$
8

 
$
21

Cash paid for amounts included in the measurement of lease liabilities2
5

 
16

Right-of-use assets obtained in exchange for new lease liabilities
3

 
19

1Consists primarily of operating lease cost. Other components of lease cost were not material.
2Classified within operating activities in the accompanying condensed consolidated statement of cash flows.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The following table includes a maturity analysis of future (undiscounted) operating lease payments and a reconciliation of those payments to the lease liabilities recorded on our balance sheet as of January 31, 2020:
 
January 31,
(Dollars in millions)
2020
Fiscal 2020 (three months remaining)
$
3

Fiscal 2021
18

Fiscal 2022
12

Fiscal 2023
8

Fiscal 2024
5

Thereafter
13

Total lease payments
59

Less: Present value discount
(3
)
Lease liabilities
$
56

 
 
Weighted-average discount rate
3.0%
Weighted-average remaining term
5.1 years

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
Future operating lease payments, as disclosed in our 2019 Form 10-K under the prior accounting standard (ASC Topic 840), were as follows as of April 30, 2019:
 
April 30,
(Dollars in millions)
2019
Fiscal 2020
$
23

Fiscal 2021
16

Fiscal 2022
10

Fiscal 2023
5

Fiscal 2024
3

Thereafter
2

Total lease payments
$
59