XML 22 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2020
Cash flows from operating activities:      
Net income $ 838 $ 903 $ 827
Adjustments to reconcile net income to net cash provided by operations:      
Gain on sale of business 0 (127) 0
Asset impairment charges 61 0 13
Depreciation and amortization 79 77 74
Stock-based compensation expense 15 12 11
Deferred income tax provision (benefit) (11) (53) 39
Other, net 31 (23) 15
Changes in assets and liabilities, net of business acquisitions and dispositions:      
Accounts receivable (77) (150) 12
Inventories (93) (37) (203)
Other current assets 15 31 (27)
Accounts payable and accrued expenses 37 137 (30)
Accrued income taxes 47 8 18
Other operating assets and liabilities (6) 39 (25)
Cash provided by operating activities 936 817 724
Cash flows from investing activities:      
Proceeds from sale of business 0 177 0
Acquisition of business, net of cash acquired 0 (14) (22)
Additions to property, plant, and equipment (138) (62) (113)
Other, net 11 (3) (6)
Cash provided by (used for) investing activities (127) 98 (141)
Cash flows from financing activities:      
Proceeds from short-term borrowings, maturities greater than 90 days 0 344 0
Repayments of short-term borrowings, maturities greater than 90 days 0 (516) 0
Net change in short-term borrowings (196) 46 178
Payments of withholding taxes related to stock-based awards (11) (21) (43)
Acquisition of treasury stock 0 0 (1)
Dividends paid (831) (338) (325)
Cash used for financing activities (1,038) (485) (191)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (47) 45 (24)
Net increase (decrease) in cash, cash equivalents, and restricted cash (276) 475 368
Cash, cash equivalents, and restricted cash at beginning of period 1,150 675 307
Cash, cash equivalents,and restricted cash at end of period 874 1,150 675
Less: Restricted cash (included in other current assets) at end of period (6) 0 0
Cash and cash equivalents at end of period 868 1,150 675
Supplemental disclosure of cash paid for:      
Interest 80 79 83
Income taxes $ 226 $ 204 $ 143