XML 21 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2019
Cash flows from operating activities:      
Net income $ 903 $ 827 $ 835
Adjustments to reconcile net income to net cash provided by operations:      
Gain on sale of business (127) 0 0
Non-cash intangible asset write-down 0 13 0
Depreciation and amortization 77 74 72
Stock-based compensation expense 12 11 14
Deferred income tax provision (benefit) (53) 39 38
U.S. Tax Act repatriation tax provision (benefit) 0 0 (4)
Other, net (23) 15 8
Changes in assets and liabilities, net of business acquisitions and dispositions:      
Accounts receivable (150) 12 23
Inventories (37) (203) (162)
Other current assets 31 (27) 30
Accounts payable and accrued expenses 137 (30) (43)
Accrued income taxes 8 18 (16)
Other operating assets and liabilities 39 (25) 5
Cash provided by operating activities 817 724 800
Cash flows from investing activities:      
Proceeds from sale of business 177 0 0
Acquisition of business, net of cash acquired (14) (22) 0
Additions to property, plant, and equipment (62) (113) (119)
Payments for corporate-owned life insurance 0 0 (2)
Proceeds from corporate-owned life insurance 0 0 4
Computer software expenditures (3) (6) (2)
Cash provided by (used for) investing activities 98 (141) (119)
Cash flows from financing activities:      
Proceeds from short-term borrowings, maturities greater than 90 days 344 0 0
Repayments of short-term borrowings, maturities greater than 90 days (516) 0 0
Net change in short-term borrowings 46 178 (71)
Payments of withholding taxes related to stock-based awards (21) (43) (11)
Acquisition of treasury stock 0 (1) (207)
Dividends paid (338) (325) (310)
Cash used for financing activities (485) (191) (599)
Effect of exchange rate changes on cash and cash equivalents 45 (24) (14)
Net increase in cash and cash equivalents 475 368 68
Cash and cash equivalents, beginning of period 675 307 239
Cash and cash equivalents, end of period 1,150 675 307
Supplemental disclosure of cash paid for:      
Interest 79 83 90
Income taxes $ 204 $ 143 $ 201