Income Taxes (Tables)

12 Months Ended

Apr. 30, 2013

Income Tax Disclosure [Abstract]

Domestic and Foreign income before Income taxes

The following table, based on the locations of the taxable entities from which sales were derived (rather than the location of customers), presents the U.S. and foreign components of our income before income taxes:

	2011		2012		2013
United States	$	696	$	660	$	751
Foreign	133		100		114
	$	829	$	760	$	865

Deferred tax assets and liabilities

Deferred tax assets and liabilities as of the end of each of the last two years were as follows:

	2012			2013
April 30,
Deferred tax assets:
Postretirement and other benefits	$	127		$	136
Accrued liabilities and other	24			26
Inventories	12			8
Loss and credit carryforwards	35			39
Valuation allowance	(24		)	(25		)
Total deferred tax assets, net	174			184
Deferred tax liabilities:
Intangible assets	(228		)	(258		)
Property, plant, and equipment	(49		)	(50		)
Other	(14		)	(20		)
Total deferred tax liabilities	(291		)	(328		)
Net deferred tax liability	$	(117	)	$	(144	)

Total income tax expense

Our total income tax expense for each of the last three years was as follows:

	2011			2012		2013
Current:
U.S. federal	$	171		$	160	$	197
Foreign	41			24		41
State and local	18			10		10
	230			194		248
Deferred:
U.S. federal	$	46		$	48	$	23
Foreign	(1		)	—		1
State and local	(18		)	5		2
	27			53		26
	$	257		$	247	$	274

Reconciles our effective tax rate to the federal statutory tax rate in the United States

The following table reconciles our effective tax rate to the federal statutory tax rate in the United States:

	Percent of Income Before Taxes
	2011		2012		2013
U.S. federal statutory rate	35.0	%	35.0	%	35.0	%
State taxes, net of U.S. federal tax benefit	1.1	%	1.3	%	1.0	%
Income taxed at other than U.S. federal statutory rate	(1.6	)%	(1.2	)%	(1.4	)%
Tax benefit from U.S. manufacturing	(2.2	)%	(2.2	)%	(2.1	)%
Capital loss benefit	(2.7	)%	—	%	—	%
Nondeductible goodwill on sale of wine business	2.1	%	—	%	—	%
Other, net	(0.7	)%	(0.4	)%	(0.8	)%
Effective rate	31.0	%	32.5	%	31.7	%

Reconciliation of ending and beginning unrecognized tax benefits

A reconciliation of the beginning and ending unrecognized tax benefits follows:

	2011			2012			2013
Unrecognized tax benefits at beginning of year	$	35		$	40		$	13
Additions for tax positions provided in prior periods	1			—			2
Additions for tax positions provided in current period	14			7			1
Decreases for tax positions provided in prior years	(4		)	(5		)	(1		)
Settlements of tax positions in the current period	(5		)	(27		)	(3		)
Lapse of statutes of limitations	(1		)	(2		)	(1		)
Unrecognized tax benefits at end of year	$	40		$	13		$	11