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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2018
Cash flows from operating activities:      
Net income $ 827 $ 835 $ 717
Adjustments to reconcile net income to net cash provided by operations:      
Non-cash intangible asset write-down 13 0 0
Depreciation and amortization 74 72 64
Stock-based compensation expense 11 14 19
Deferred income tax provision (benefit) 39 38 (69)
U.S. Tax Act repatriation tax provision (benefit) 0 (4) 91
Other, net 15 8 (8)
Changes in assets and liabilities, excluding the effects of acquisition of business:      
Accounts receivable 12 23 (70)
Inventories (203) (162) (102)
Other current assets (27) 30 29
Accounts payable and accrued expenses (30) (43) 58
Accrued income taxes 18 (16) 8
Other operating assets and liabilities (25) 5 (84)
Cash provided by operating activities 724 800 653
Cash flows from investing activities:      
Acquisition of business, net of cash acquired (22) 0 0
Additions to property, plant, and equipment (113) (119) (127)
Payments for corporate-owned life insurance 0 (2) (21)
Proceeds from corporate-owned life insurance 0 4 0
Computer software expenditures (6) (2) (1)
Cash used for investing activities (141) (119) (149)
Cash flows from financing activities:      
Net change in short-term borrowings 178 (71) (3)
Repayment of long-term debt 0 0 (250)
Proceeds from long-term debt 0 0 595
Debt issuance costs 0 0 (6)
Payments of withholding taxes related to stock-based awards 43 11 28
Acquisition of treasury stock (1) (207) (1)
Dividends paid (325) (310) (773)
Cash used for financing activities (191) (599) (466)
Effect of exchange rate changes on cash and cash equivalents (24) (14) 19
Net increase in cash and cash equivalents 368 68 57
Cash and cash equivalents, beginning of period 307 239 182
Cash and cash equivalents, end of period 675 307 239
Supplemental disclosure of cash paid for:      
Interest 83 90 65
Income taxes $ 143 $ 201 $ 200