Debt

9 Months Ended

Jan. 31, 2023

Debt Disclosure [Abstract]

Debt

Debt

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

(Principal and carrying amounts in millions)	April 30, 2022		January 31, 2023
2.250% senior notes, $250 principal amount, due January 15, 2023	$	250	$	—
3.500% senior notes, $300 principal amount, due April 15, 2025	298		299
1.200% senior notes, €300 principal amount, due July 7, 2026	315		325
2.600% senior notes, £300 principal amount, due July 7, 2028	374		368
4.000% senior notes, $300 principal amount, due April 15, 2038	295		295
3.750% senior notes, $250 principal amount, due January 15, 2043	248		248
4.500% senior notes, $500 principal amount, due July 15, 2045	489		489
	2,269		2,024
Less current portion	250		—
	$	2,019	$	2,024

We repaid the $250 million principal amount of 2.25% notes on their maturity date of January 15, 2023.

Our short-term borrowings of $1,004 million as of January 31, 2023, included $404 million of borrowings under our commercial paper program. There were no borrowings under that program as of April 30, 2022.

(Dollars in millions)	April 30, 2022	January 31, 2023
Commercial paper	$—	$404
Average interest rate	—%	4.71%
Average remaining days to maturity	0	18

Our short-term borrowings as of January 31, 2023, also included $600 million of borrowings under a $600 million senior unsecured 364-day term loan credit agreement entered into with various U.S. and international banks on January 3, 2023. Borrowings under the credit agreement bear interest at variable rate reflecting the Secured Overnight Financing Rate applicable to the term of particular borrowing plus a margin based on our credit ratings. As of January 31, 2023, the weighted-average interest rate on these borrowings was 5.21%.