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Income Taxes (Tables)
12 Months Ended
Apr. 30, 2012
Income Taxes [Abstract]  
Domestic and Foreign income before Income taxes
                         
    2010     2011     2012  

United States

  $ 576     $ 696     $ 660  

Foreign

    106       133       100  
   

 

 

   

 

 

   

 

 

 
    $ 682     $ 829     $ 760  
   

 

 

   

 

 

   

 

 

 
Deferred tax assets and liabilities
                 
    2011     2012  

April 30,

               

Deferred tax assets:

               

Postretirement and other benefits

  $ 94     $ 127  

Accrued liabilities and other

    29       24  

Inventories

    20       12  

Loss and credit carryforwards

    50       35  

Valuation allowance

    (23     (24
   

 

 

   

 

 

 

Total deferred tax assets, net

    170       174  
   

 

 

   

 

 

 

Deferred tax liabilities:

               

Trademarks and brand names

    (195     (228

Property, plant, and equipment

    (46     (49

Other

    (27     (14
   

 

 

   

 

 

 

Total deferred tax liabilities

    (268     (291
   

 

 

   

 

 

 

Net deferred tax liability

  $ (98   $ (117
   

 

 

   

 

 

 
Total income tax expense
                         
    2010     2011     2012  

Current:

                       

U.S. federal

  $ 175     $ 171     $ 160  

Foreign

    28       41       24  

State and local

    19       18       10  
   

 

 

   

 

 

   

 

 

 
      222       230       194  
   

 

 

   

 

 

   

 

 

 

Deferred:

                       

U.S. federal

  $ 16     $ 46     $ 48  

Foreign

    (5     (1     —    

State and local

    —         (18     5  
   

 

 

   

 

 

   

 

 

 
      11       27       53  
   

 

 

   

 

 

   

 

 

 
    $ 233     $ 257     $ 247  
   

 

 

   

 

 

   

 

 

 
Reconciles our effective tax rate to the federal statutory tax rate in the United States
                         
    Percent of Income Before Taxes  
    2010     2011     2012  

U.S. federal statutory rate

    35.0     35.0     35.0

State taxes, net of U.S. federal tax benefit

    1.8       1.1       1.3  

Income taxed at other than U.S. federal statutory rate

    (1.6     (1.6     (1.2

Tax benefit from U.S. manufacturing

    (1.7     (2.2     (2.2

Capital loss benefit

    —         (2.7     —    

Nondeductible goodwill on sale of wine business

    —         2.1       —    

Other, net

    0.6       (0.7     (0.4
   

 

 

   

 

 

   

 

 

 

Effective rate

    34.1     31.0     32.5
   

 

 

   

 

 

   

 

 

 
Reconciliation of ending and beginning unrecognized tax benefits
                         
    2010     2011     2012  

Unrecognized tax benefits at beginning of year

  $ 26     $ 35     $ 40  

Additions for tax positions provided in prior periods

    —         1       —    

Additions for tax positions provided in current period

    13       14       7  

Decreases for tax positions provided in prior years

    —         (4     (5

Settlements of tax positions in the current period

    (3     (5     (27

Lapse of statutes of limitations

    (1     (1     (2
   

 

 

   

 

 

   

 

 

 

Unrecognized tax benefits at end of year

  $ 35     $ 40     $ 13