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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jul. 31, 2024
Apr. 30, 2024
Assets    
Cash and cash equivalents $ 416 $ 446
Accounts receivable, less allowance for doubtful accounts of $8 at April 30 and $8 at July 31 806 769
Inventories:    
Barreled whiskey 1,541 1,490
Finished goods 472 452
Work in process 386 396
Raw materials and supplies 197 218
Total inventories 2,596 2,556
Other current assets 263 265
Total current assets 4,081 4,036
Property, plant, and equipment, net 1,052 1,074
Goodwill 1,464 1,455
Other intangible assets 997 990
Equity method investments 270 270
Deferred tax assets 63 69
Other assets 278 272
Total assets 8,205 8,166
Liabilities    
Accounts payable and accrued expenses 669 793
Dividends payable 103 0
Accrued income taxes 93 38
Short-term borrowings 484 428
Current portion of long-term debt 300 300
Total current liabilities 1,649 1,559
Long-term debt 2,384 2,372
Deferred tax liabilities 302 315
Accrued pension and other postretirement benefits 159 160
Other liabilities 246 243
Total liabilities 4,740 4,649
Commitments and contingencies
Stockholders' Equity    
Additional paid-in capital 12 13
Retained earnings 4,250 4,261
Accumulated other comprehensive income (loss), net of tax (264) (221)
Treasury stock, at cost (11,932,000 and 11,872,000 shares at April 30 and July 31, respectively) (605) (608)
Total stockholders' equity 3,465 3,517
Total liabilities and stockholders' equity 8,205 8,166
Common stock, Class A, voting [Member]    
Stockholders' Equity    
Common stock 25 25
Common stock, Class B, nonvoting [Member]    
Stockholders' Equity    
Common stock $ 47 $ 47