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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2022
Cash flows from operating activities:      
Net income $ 1,024 $ 783 $ 838
Adjustments to reconcile net income to net cash provided by operations:      
Gain on business divestitures (267) 0 0
Asset impairment charges 7 96 61
Depreciation and amortization 87 80 79
Stock-based compensation expense 25 18 15
Deferred income tax provision (benefit) 18 (3) (11)
Change in fair value of contingent consideration 9 0 0
Other, net 7 18 31
Changes in assets and liabilities, net of business acquisitions and divestitures:      
Accounts receivable 88 (21) (77)
Inventories (349) (403) (93)
Other current assets 23 4 15
Accounts payable and accrued expenses (31) 77 37
Accrued income taxes 17 (57) 47
Other operating assets and liabilities (11) 48 (6)
Cash provided by operating activities 647 640 936
Cash flows from investing activities:      
Proceeds from business divestitures 246 0 0
Business acquisitions, net of cash acquired 0 (1,195) 0
Additions to property, plant, and equipment (228) (183) (138)
Other, net 31 23 11
Cash provided by (used for) investing activities 49 (1,355) (127)
Cash flows from financing activities:      
Proceeds from short-term borrowings, maturities greater than 90 days 0 600 0
Repayments of short-term borrowings, maturities greater than 90 days 0 (600) 0
Net change in other short-term borrowings 192 234 (196)
Repayment of long-term debt 0 (250) 0
Proceeds from long-term debt 0 648 0
Acquisition of treasury stock (400) 0 0
Dividends paid (404) (378) (831)
Other, net (6) (15) (11)
Cash provided by (used for) financing activities (618) 239 (1,038)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (6) (14) (47)
Net increase (decrease) in cash, cash equivalents, and restricted cash 72 (490) (276)
Cash, cash equivalents, and restricted cash at beginning of period 384 874 1,150
Cash, cash equivalents, and restricted cash at end of period 456 384 874
Less: Restricted cash (included in other current assets) at end of period (10) (10) (6)
Cash and cash equivalents at end of period 446 374 868
Supplemental information:      
Cash paid for interest 125 85 80
Cash paid for income taxes 242 278 226
Non-cash additions to property, plant, and equipment $ 20 $ 27 $ 15