Debt and Credit Facilities

12 Months Ended

Apr. 30, 2019

Our long-term debt (net of unamortized discounts and issuance costs) consisted of:



April 30,	2018		2019
2.25% senior notes, $250 principal amount, due January 15, 2023	$	248	$	249
3.50% senior notes, $300 principal amount, due April 15, 2025	296		297
1.20% senior notes, €300 principal amount, due July 7, 2026	361		333
2.60% senior notes, £300 principal amount, due July 7, 2028	408		383
4.00% senior notes, $300 principal amount, due April 15, 2038	293		293
3.75% senior notes, $250 principal amount, due January 15, 2043	248		248
4.50% senior notes, $500 principal amount, due July 15, 2045	487		487
	$	2,341	$	2,290

Debt payments required over the next five fiscal years consist of $0 in 2020, $0 in 2021, $0 in 2022, $250 in 2023, $0 in 2024, and $2,073 after 2024.

The senior notes contain terms and covenants customary of these types of unsecured securities, including limitations on the amount of secured debt we can issue.

As of April 30, 2018, our short-term borrowings consisted of $215 of commercial paper, with an average interest rate of 2.04% and an average remaining maturity of 23 days. As of April 30, 2019, our short-term borrowings consisted of $150 of commercial paper, with an average interest rate of 2.60% and an average remaining maturity of 18 days.

We have a committed revolving credit agreement with various U.S. and international banks for $800 that expires in November 2022. At April 30, 2019, there were no borrowings outstanding under this facility.