XML 48 R33.htm IDEA: XBRL DOCUMENT v3.5.0.1
Derivative Financial Instruments (Tables)
 12 Months Ended
Apr. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair values of derivative instruments affecting statements of operations
The following table presents the pre-tax impact that changes in the fair value of our derivative instruments had on AOCI and earnings in 2015 and 2016:
 
Classification in Statement of Operations
 
2015
 
2016
Currency derivatives designated as cash flow hedges:
 
 
 
 
 
Net gain (loss) recognized in AOCI
n/a
 
$
96

 
$
22

Net gain (loss) reclassified from AOCI into earnings
Net sales
 
41

 
60

Interest rate derivatives designated as cash flow hedges:
 
 
 
 
 
Net gain (loss) recognized in AOCI
n/a
 
—

 
8

Derivatives not designated as hedging instruments:
 
 
 
 
 
Currency derivatives – net gain (loss) recognized in earnings
Net sales
 
26

 
1

Currency derivatives – net gain (loss) recognized in earnings
Other income
 
4

 
(5
)
 
Schedule of fair values of derivative instruments
The following table presents the fair values of our derivative instruments as of April 30, 2015 and 2016:
 
Balance Sheet Classification
 
Fair Value of
Derivatives in a
Gain Position
 
Fair Value of
Derivatives in a
Loss Position
April 30, 2015:
 
 
 
 
 
Designated as cash flow hedges:
 
 
 
 
 
Currency derivatives
Other current assets
 
$
42

 
$
(2
)
Currency derivatives
Other assets
 
20

 
(3
)
Currency derivatives
Accrued expenses
 
—

 
(6
)
Currency derivatives
Other liabilities
 
—

 
(6
)
Not designated as hedges:
 
 
 
 
 
Currency derivatives
Other current assets
 
3

 
(1
)
Currency derivatives
Accrued expenses
 
1

 
(7
)
April 30, 2016:
 
 
 
 
 
Designated as cash flow hedges:
 
 
 
 
 
Currency derivatives
Other current assets
 
23

 
(2
)
Currency derivatives
Other assets
 
3

 
(2
)
Currency derivatives
Accrued expenses
 
4

 
(8
)
Currency derivatives
Other liabilities
 
3

 
(9
)
Not designated as hedges:
 
 
 
 
 
Currency derivatives
Other current assets
 
1

 
(4
)
Offsetting Assets and Liabilities [Table Text Block]
The following table summarizes the gross and net amounts of our derivative contracts:
 
Gross Amounts of Recognized Assets (Liabilities)
 
Gross Amounts Offset in Balance Sheet
 
Net Amounts Presented in Balance Sheet
 
Gross Amounts Not Offset in Balance Sheet
 
Net Amounts
April 30, 2015:
 
 
 
 
 
 
 
 
 
Derivative assets
$
65

 
$
(6
)
 
$
59

 
$
—

 
$
59

Derivative liabilities
(24
)
 
6

 
(18
)
 
—

 
(18
)
April 30, 2016:
 
 
 
 
 
 
 
 
 
Derivative assets
34

 
(15
)
 
19

 
(6
)
 
13

Derivative liabilities
(25
)
 
15

 
(10
)
 
6

 
(4
)