XML 16 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Cash flows from operating activities:    
Net income $ 200 $ 178
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 18 15
Stock-based compensation expense 5 4
Deferred income taxes 20 (3)
Changes in assets and liabilities (117) (89)
Cash provided by operating activities 126 105
Cash flows from investing activities:    
Additions to property, plant, and equipment (23) (28)
Payments for corporate-owned life insurance (2) (3)
Cash used for investing activities (25) (31)
Cash flows from financing activities:    
Net change in short-term borrowings (41) 45
Net payments related to exercise of stock-based awards (4) (5)
Acquisition of treasury stock (1) (1)
Dividends paid (76) (70)
Cash used for financing activities (122) (31)
Effect of exchange rate changes on cash and cash equivalents (7) 13
Net increase (decrease) in cash and cash equivalents (28) 56
Cash and cash equivalents, beginning of period 239 182
Cash and cash equivalents, end of period $ 211 $ 238