XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Cash flows from operating activities:    
Net income $ 195 $ 231
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 22 21
Stock-based compensation expense 4 4
Deferred income tax provision (benefit) (5) 12
Change in fair value of contingent consideration 4 (7)
Other, net (10) (2)
Changes in assets and liabilities:    
Accounts receivable (42) (15)
Inventories (91) (227)
Other current assets (2) 30
Accounts payable and accrued expenses (104) (53)
Accrued income taxes 54 28
Other operating assets and liabilities (8) 16
Cash provided by operating activities 17 38
Cash flows from investing activities:    
Additions to property, plant, and equipment (41) (49)
Proceeds from sale of assets 51 0
Other, net 0 5
Cash provided by (used for) investing activities 10 (44)
Cash flows from financing activities:    
Net change in short-term borrowings 54 153
Payments of withholding taxes related to stock-based awards (2) (4)
Dividends paid (103) (99)
Cash provided by (used for) financing activities (51) 50
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (6) 8
Net increase (decrease) in cash, cash equivalents, and restricted cash (30) 52
Cash, cash equivalents, and restricted cash at beginning of period 456 384
Cash, cash equivalents, and restricted cash at end of period 426 436
Less: Restricted cash (included in other current assets) at end of period (10) (10)
Cash and cash equivalents at end of period 416 426
Supplemental information:    
Non-cash additions to property, plant and equipment 6 12
Right-of-use assets obtained in exchange for new lease obligations $ 15 $ 15