Leases (Tables)

3 Months Ended

Jul. 31, 2019

Leases [Abstract]

ROU Assets and Lease Liabilities [Table Text Block]

The following table shows the amounts and classification of ROU assets and lease liabilities on our balance sheet as of July 31, 2019:

		July 31,
(Dollars in millions)	Classification	2019
Right-of-use assets	Other assets	$	50
Lease liabilities:
Current	Accounts payable and accrued expenses	$	17
Non-current	Other liabilities	33
Total		$	50

Lease Cost and Other Lease Information [Table Text Block]

The following table shows information about the effects of leases during the three months ended July 31, 2019:

	Three Months
	Ended
(Dollars in millions)	July 31, 2019
Total lease cost1	$	5
Cash paid for amounts included in the measurement of lease liabilities2	5
Right-of-use assets obtained in exchange for new lease liabilities	3

¹Consists primarily of operating lease cost. Other components of lease cost were not material.

²Classified within operating activities in the accompanying consolidated statement of cash flows.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table includes a maturity analysis of future (undiscounted) operating lease payments and a reconciliation of those payments to the lease liabilities recorded on our balance sheet as of July 31, 2019:

	July 31,
(Dollars in millions)	2019
Fiscal 2020 (nine months remaining)	$	14
Fiscal 2021	15
Fiscal 2022	10
Fiscal 2023	5
Fiscal 2024	4
Thereafter	5
Total lease payments	53
Less: Present value discount	(3		)
Lease liabilities	$	50
Weighted-average discount rate	2.9%
Weighted-average remaining term	4.0 years

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Future operating lease payments, as disclosed in our 2019 Form 10-K under the prior accounting standard (ASC Topic 840), were as follows as of April 30, 2019:

	April 30,
(Dollars in millions)	2019
Fiscal 2020	$	23
Fiscal 2021	16
Fiscal 2022	10
Fiscal 2023	5
Fiscal 2024	3
Thereafter	2
Total lease payments	$	59