Brown-Forman (BF-A) 10-Q 5 Mar 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Jan. 31, 2015	Feb. 28, 2015
Document Information [Line Items]
Entity Registrant Name	BROWN FORMAN CORP
Entity Central Index Key	14693
Document Type	10-Q
Document Period End Date	31-Jan-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	-26
Entity Filer Category	Large Accelerated Filer
Common stock, Class A, voting [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		84,489,246
Common stock, Class B, nonvoting [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		126,089,084

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Income Statement [Abstract]
Net sales	$1,093	$1,078	$3,149	$3,053
Excise taxes	280	296	754	751
Cost of sales	260	250	738	717
Gross profit	553	532	1,657	1,585
Advertising expenses	112	116	334	329
Selling, general, and administrative expenses	163	161	512	479
Other expense (income), net	6	0	16	-6
Operating income	272	255	795	783
Interest income	0	0	1	2
Interest expense	6	6	21	20
Income before income taxes	266	249	775	765
Income taxes	80	72	232	239
Net income	$186	$177	$543	$526
Earnings per share:
Basic (dollars per share)	$0.88	$0.83	$2.56	$2.46
Diluted (dollars per share)	$0.87	$0.82	$2.54	$2.45
Cash dividends per common share:
Declared (dollars per share)	$0.63	$0.58	$1.21	$1.09
Paid (dollars per share)	$0.32	$0.29	$0.90	$0.80

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$186	$177	$543	$526
Other comprehensive income (loss), net of tax:
Currency translation adjustments	-62	-14	-108	-19
Cash flow hedge adjustments	34	7	61	3
Postretirement benefits adjustments	4	5	20	24
Net other comprehensive income (loss)	-24	-2	-27	8
Comprehensive income	$162	$175	$516	$534

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Millions, unless otherwise specified
Assets
Cash and cash equivalents	$250	$437
Accounts receivable, less allowance for doubtful accounts of $9 and $9 at April 30 and January 31, respectively	631	569
Inventories:
Barreled whiskey	536	504
Finished goods	194	187
Work in process	138	144
Raw materials and supplies	52	47
Total inventories	920	882
Current deferred tax assets	10	33
Other current assets	398	256
Total current assets	2,209	2,177
Property, plant, and equipment, net	567	526
Goodwill	607	620
Other intangible assets	619	677
Deferred tax assets	16	18
Other assets	143	85
Total assets	4,161	4,103
Liabilities
Accounts payable and accrued expenses	511	474
Dividends payable	66	0
Accrued income taxes	16	71
Current deferred tax liabilities	9	8
Short-term borrowings	8	8
Current portion of long-term debt	250	0
Total current liabilities	860	561
Long-term debt	748	997
Deferred tax liabilities	129	102
Accrued pension and other postretirement benefits	229	244
Other liabilities	154	167
Total liabilities	2,120	2,071
Commitments and contingencies
Stockholders' Equity
Additional paid-in capital	99	81
Retained earnings	3,166	2,894
Accumulated other comprehensive income (loss), net of tax	-215	-188
Treasury stock, at cost (13,858,000 and 16,592,000 shares at April 30 and January 31, respectively)	-1,043	-789
Total stockholders' equity	2,041	2,032
Total liabilities and stockholders' equity	4,161	4,103
Common stock, Class A, voting [Member]
Stockholders' Equity
Common stock	13	13
Common stock, Class B, nonvoting [Member]
Stockholders' Equity
Common stock	$21	$21

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Millions, except Share data, unless otherwise specified
Allowance for doubtful accounts	$9	$9
Treasury stock, shares	16,592,000	13,858,000
Common stock, Class A, voting [Member]
Common stock, shares authorized	85,000,000	85,000,000
Common stock, shares issued	85,000,000	85,000,000
Common stock, Class B, nonvoting [Member]
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	142,313,000	142,313,000

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Jan. 31, 2014
Cash flows from operating activities:
Net income	$543	$526
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	38	36
Stock-based compensation expense	9	9
Deferred income taxes	-8	-22
Changes in assets and liabilities	-207	-159
Cash provided by operating activities	375	390
Cash flows from investing activities:
Additions to property, plant, and equipment	-92	-87
Acquisition of brand names and trademarks	-3	0
Computer software expenditures	-1	-2
Cash used for investing activities	-96	-89
Cash flows from financing activities:
Net increase in short-term borrowings	1	8
Repayment of long-term debt	0	-2
Net payments related to exercise of stock-based awards	-7	-9
Excess tax benefits from stock-based awards	18	9
Acquisition of treasury stock	-271	-49
Dividends paid	-190	-171
Cash used for financing activities	-449	-214
Effect of exchange rate changes on cash and cash equivalents	-17	-4
Net increase (decrease) in cash and cash equivalents	-187	83
Cash and cash equivalents, beginning of period	437	204
Cash and cash equivalents, end of period	$250

Condensed_Consolidated_Financi

Condensed Consolidated Financial Statements	9 Months Ended
	Jan. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidated Financial Statements	Condensed Consolidated Financial Statements
	We prepared the accompanying unaudited condensed consolidated financial statements pursuant to the rules and regulations of the U.S. Securities and Exchange Commission for interim financial information. In accordance with those rules and regulations, we condensed or omitted certain information and disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). We suggest that you read these condensed financial statements together with the financial statements and footnotes included in our annual report on Form 10-K for the fiscal year ended April 30, 2014 (the 2014 Form 10-K). We prepared the accompanying financial statements on a basis that is substantially consistent with the accounting principles applied in our 2014 Form 10-K.
	In our opinion, the accompanying financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of our financial results for the periods covered by this report.
	In May 2014, the Financial Accounting Standards Board issued new guidance on the recognition of revenue from contracts with customers. We are currently evaluating the potential impact on our financial statements of the new guidance, which will become effective for us beginning in fiscal 2018.

Inventories

Inventories	9 Months Ended
	Jan. 31, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories
	We use the last-in, first-out (LIFO) method to determine the cost of most of our inventories. If the LIFO method had not been used, inventories at current cost would have been $216 million higher than reported as of April 30, 2014, and $226 million higher than reported as of January 31, 2015. Changes in the LIFO valuation reserve for interim periods are based on a proportionate allocation of the estimated change for the entire fiscal year.

Income_Taxes

Income Taxes	9 Months Ended
	Jan. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	Our consolidated interim effective tax rate is based upon our expected annual operating income, statutory tax rates, and income tax laws in the various jurisdictions in which we operate. Significant or unusual items, including adjustments to accruals for tax uncertainties, are recognized in the quarter in which the related event occurs. The effective tax rate of 29.9% for the nine months ended January 31, 2015, is based on an expected tax rate of 30.1% on ordinary income for the full fiscal year, as adjusted for the recognition of a net tax benefit related to discrete items arising during the period and interest on previously provided tax contingencies. Our expected tax rate includes current fiscal year additions for existing tax contingency items.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Jan. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share
	We calculate basic earnings per share by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share further includes the dilutive effect of stock-based compensation awards, including stock options, stock-settled stock appreciation rights, restricted stock units, deferred stock units, and shares of restricted stock. We calculate that dilutive effect using the “treasury stock method” (as defined by GAAP).
	The following table presents information concerning basic and diluted earnings per share:
		Three Months Ended				Nine Months Ended
		January 31,				January 31,
	(Dollars in millions, except per share amounts)	2014		2015		2014		2015
	Net income available to common stockholders	$	177	$	186	$	526	$	543
	Share data (in thousands):
	Basic average common shares outstanding	213,151		211,126		213,493		212,189
	Dilutive effect of stock-based awards	1,641		1,480		1,623		1,512
	Diluted average common shares outstanding	214,792		212,606		215,116		213,701
	Basic earnings per share	$	0.83	$	0.88	$	2.46	$	2.56
	Diluted earnings per share	$	0.82	$	0.87	$	2.45	$	2.54
	We excluded common stock-based awards for approximately 410,000 shares and 359,000 shares from the calculation of diluted earnings per share for the three months ended January 31, 2014 and 2015, respectively. We excluded common stock-based awards for approximately 411,000 shares and 363,000 shares from the calculation of diluted earnings per share for the nine months ended January 31, 2014 and 2015, respectively. We excluded those awards because they were not dilutive for those periods under the treasury stock method.

Contingencies

Contingencies	9 Months Ended
	Jan. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies
	We operate in a litigious environment, and we are sued in the normal course of business. Sometimes plaintiffs seek substantial damages. Significant judgment is required in predicting the outcome of these suits and claims, many of which take years to adjudicate. We accrue estimated costs for a contingency when we believe that a loss is probable and we can make a reasonable estimate of the loss, and then adjust the accrual as appropriate to reflect changes in facts and circumstances. We do not believe it is reasonably possible that these loss contingencies, individually or in the aggregate, would have a material adverse effect on our financial position, results of operations, or liquidity. No material accrued loss contingencies are recorded as of January 31, 2015.
	We have guaranteed the repayment by a third-party importer of its obligation under a bank credit facility that it uses in connection with its importation of our products in Russia. If the importer were to default on that obligation, which we believe is unlikely, our maximum possible exposure under the existing terms of the guaranty would be approximately $14 million (subject to changes in foreign currency exchange rates). Both the fair value and carrying amount of the guaranty are insignificant.
	As of January 31, 2015, our actual exposure under the guaranty of the importer's obligation is approximately $7 million. We also have accounts receivable from that importer of approximately $18 million at January 31, 2015, which we expect to collect in full.
	Based on the financial support we provide to the importer, we believe it meets the definition of a variable interest entity. However, because we do not control this entity, it is not included in our consolidated financial statements.

Pension_and_Other_Postretireme

Pension and Other Postretirement Benefits	9 Months Ended
	Jan. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits
	The following table shows the components of the pension and other postretirement benefit cost recognized for our U.S. benefit plans during the periods covered by this report. Information about similar international plans is not presented due to immateriality.
		Three Months Ended						Nine Months Ended
		January 31,						January 31,
	(Dollars in millions)	2014			2015			2014			2015
	Pension Benefits:
	Service cost	$	5		$	5		$	16		$	16
	Interest cost	8			8			23			25
	Expected return on plan assets	(10		)	(10		)	(30		)	(31		)
	Amortization of:
	Prior service cost	—			—			1			1
	Net actuarial loss	8			6			23			17
	Net cost	$	11		$	9		$	33		$	28
	Other Postretirement Benefits:
	Service cost	$	—		$	—		$	1		$	1
	Interest cost	1			1			3			2
	Amortization of:
	Prior service cost	—			(1		)	—			(1		)
	Net actuarial loss	—			—			—			1
	Net cost	$	1		$	—		$	4		$	3

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Jan. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements
	Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. We categorize the fair values of assets and liabilities into three levels based upon the assumptions (inputs) used to determine those values. Level 1 provides the most reliable measure of fair value, while Level 3 generally requires significant management judgment. The three levels are:
	•	Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities.
	•	Level 2 – Observable inputs other than those included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be derived from or corroborated by observable market data.
	•	Level 3 – Unobservable inputs that are supported by little or no market activity.
	The following table summarizes the assets and liabilities measured or disclosed at fair value on a recurring basis:
	(Dollars in millions)		Level 1		Level 2		Level 3		Total
	April 30, 2014:
	Assets:
	Currency derivatives		$	—	$	7	$	—	$	7
	Liabilities:
	Currency derivatives		—		7		—		7
	Short-term borrowings		—		8		—		8
	Long-term debt		—		963		—		963
	January 31, 2015:
	Assets:
	Currency derivatives		—		137		—		137
	Liabilities:
	Currency derivatives		—		4		—		4
	Short-term borrowings		—		8		—		8
	Current portion of long-term debt		—		255		—		255
	Long-term debt		—		754		—		754
	We determine the fair values of our currency derivatives (forwards and options) using standard valuation models. The significant inputs used in these models are readily available in public markets or can be derived from observable market transactions. Inputs used in these standard valuation models include the applicable exchange rate, forward rates and discount rates for the currency derivatives. The standard valuation model for foreign currency options also uses implied volatility as an additional input. The discount rates are based on the historical U.S. Treasury rates, and the implied volatility specific to individual foreign currency options is based on quoted rates from financial institutions.
	The fair value of short-term borrowings approximates the carrying amount. We determine the fair value of long-term debt primarily based on the prices at which similar debt has recently traded in the market and also considering the overall market conditions on the date of valuation.
	We measure some assets and liabilities at fair value on a nonrecurring basis. That is, we do not measure them at fair value on an ongoing basis, but we do adjust them to fair value in some circumstances (for example, when we determine that an asset is impaired). No material nonrecurring fair value measurements were required during the periods presented in these financial statements.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Jan. 31, 2015
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The fair value of cash, cash equivalents, and short-term borrowings approximate the carrying amounts due to the short maturities of these instruments. We determine the fair value of derivative financial instruments and long-term debt as discussed in Note 7.
	Below is a comparison of the fair values and carrying amounts of these instruments:
		30-Apr-14				31-Jan-15
		Carrying		Fair		Carrying		Fair
	(Dollars in millions)	Amount		Value		Amount		Value
	Assets:
	Cash and cash equivalents	$	437	$	437	$	250	$	250
	Currency derivatives	7		7		137		137
	Liabilities:
	Currency derivatives	7		7		4		4
	Short-term borrowings	8		8		8		8
	Current portion of long-term debt	—		—		250		255
	Long-term debt	997		963		748		754

Derivative_Financial_Instrumen

Derivative Financial Instruments	9 Months Ended
	Jan. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments
	Our multinational business exposes us to global market risks, including the effect of fluctuations in currency exchange rates, commodity prices, and interest rates. We use derivatives to help manage financial exposures that occur in the normal course of business. We formally document the purpose of each derivative contract, which includes linking the contract to the financial exposure it is designed to mitigate. We do not hold or issue derivatives for trading or speculative purposes.
	We use currency derivative contracts to limit our exposure to the currency exchange risk that we cannot mitigate internally by using netting strategies. We designate most of these contracts as cash flow hedges of forecasted transactions (expected to occur within three years). We record all changes in the fair value of cash flow hedges (except any ineffective portion) in accumulated other comprehensive income (AOCI) until the underlying hedged transaction occurs, at which time we reclassify that amount into earnings. We assess the effectiveness of these hedges based on changes in forward exchange rates. The ineffective portion of the changes in fair value of our hedges (recognized immediately in earnings) during the periods presented in this report was not material.
	We do not designate some of our currency derivatives as hedges because we use them to at least partially offset the immediate earnings impact of changes in foreign exchange rates on existing assets or liabilities. We immediately recognize the change in fair value of these contracts in earnings.
	We had outstanding currency derivatives, related primarily to our euro, British pound, Russian ruble, and Australian dollar exposures, with notional amounts totaling $1,152 million at April 30, 2014 and $1,052 million at January 31, 2015.
	We use forward purchase contracts with suppliers to protect against corn price volatility. We expect to physically take delivery of the corn underlying each contract and use it for production over a reasonable period of time. Accordingly, we account for these contracts as normal purchases rather than derivative instruments.
	From time to time, we manage our interest rate risk with swap contracts. However, no such swaps were outstanding at
	April 30, 2014 or January 31, 2015.
	The following tables present the amounts affecting our consolidated statements of operations for the periods covered by this report:
			Three Months Ended
			January 31,
	(Dollars in millions)	Classification	2014				2015
	Currency derivatives designated as cash flow hedge:
	Net gain (loss) recognized in AOCI	n/a	$	10			$	71
	Net gain (loss) reclassified from AOCI into income	Net sales	(1		)		16
	Derivatives not designated as hedging instruments:
	Currency derivatives – net gain (loss) recognized in income	Net sales	5				19
	Currency derivatives – net gain (loss) recognized in income	Other income	2				11
			Nine Months Ended
			January 31,
	(Dollars in millions)	Classification	2014				2015
	Currency derivatives designated as cash flow hedge:
	Net gain (loss) recognized in AOCI	n/a	$	5			$	118
	Net gain (loss) reclassified from AOCI into income	Net sales	—				20
	Derivatives not designated as hedging instruments:
	Currency derivatives – net gain (loss) recognized in income	Net sales	4				31
	Currency derivatives – net gain (loss) recognized in income	Other income	4				5
	We expect to reclassify $63 million of deferred net gains recorded in AOCI as of January 31, 2015, to earnings during the next 12 months. This reclassification would offset the anticipated earnings impact of the underlying hedged exposures. The actual amounts that we ultimately reclassify to earnings will depend on the exchange rates in effect when the underlying hedged transactions occur. The maximum term of our outstanding derivative contracts was 27 months at April 30, 2014 and 27 months at January 31, 2015.
	The following table presents the fair values of our derivative instruments as of April 30, 2014 and January 31, 2015.
	(Dollars in millions)	Classification		Fair value of derivatives in a gain position				Fair value of derivatives in a
								loss position
	April 30, 2014:
	Designated as cash flow hedges:
	Currency derivatives	Other current assets		$	6			$	(6	)
	Currency derivatives	Other assets		2				—
	Currency derivatives	Accrued expenses		2				(6		)
	Currency derivatives	Other liabilities		—				(4		)
	Not designated as hedges:
	Currency derivatives	Other current assets		5				—
	Currency derivatives	Accrued expenses		1				—
	January 31, 2015:
	Designated as cash flow hedges:
	Currency derivatives	Other current assets		77				—
	Currency derivatives	Other assets		39				—
	Not designated as hedges:
	Currency derivatives	Other current assets		21				—
	Currency derivatives	Accrued expenses		—				(4		)
	The fair values reflected in the above table are presented on a gross basis. However, as discussed further below, the fair values of those instruments that are subject to net settlement agreements are presented on a net basis in the accompanying consolidated balance sheets.
	Credit risk. We are exposed to credit-related losses if the counterparties to our derivative contracts default. This credit risk is limited to the fair value of the contracts. To manage this risk, we contract only with major financial institutions that have earned investment-grade credit ratings and with whom we have standard International Swaps and Derivatives Association (ISDA) agreements that allow for net settlement of the derivative contracts. Also, we have established counterparty credit guidelines that are regularly monitored and that provide for reports to senior management according to prescribed guidelines, and we monetize contracts when we believe it is warranted. Because of these safeguards, we believe the risk of loss from counterparty default to be immaterial.
	Some of our derivative instruments require us to maintain a specific level of creditworthiness, which we have maintained. If our creditworthiness were to fall below that specified level, then the counterparties to our derivative instruments could request immediate payment or collateralization for derivative instruments in net liability positions. The aggregate fair value of all derivatives with creditworthiness requirements that were in a net liability position was $6 million at April 30, 2014 and $0 at January 31, 2015.
	Offsetting. As noted above, our derivative contracts are governed by ISDA agreements that allow for net settlement of derivative contracts with the same counterparty. It is our policy to present the fair values of current derivatives (i.e., those with a remaining term of 12 months or less) with the same counterparty on a net basis in the balance sheet. Similarly, we present the fair values of noncurrent derivatives with the same counterparty on a net basis. Current derivatives are not netted with noncurrent derivatives in the balance sheet. The following table summarizes the gross and net amounts of our derivative contracts.
	(Dollars in millions)	Gross Amounts of Recognized Assets (Liabilities)				Gross Amounts Offset in Balance Sheet				Net Amounts Presented in Balance Sheet			Gross Amounts Not Offset in Balance Sheet			Net Amounts
	April 30, 2014:
	Derivative assets	$	17			$	(10	)		$	7		$	(2	)	$	5
	Derivative liabilities	(17		)		10				(7		)	2			(5		)
	January 31, 2015:
	Derivative assets	137				—				137			—			137
	Derivative liabilities	(4		)		—				(4		)	—			(4		)
	No cash collateral was received or pledged related to our derivative contracts as of April 30, 2014 and January 31, 2015.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income	9 Months Ended
	Jan. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income
	The following table summarizes the changes in each component of accumulated other comprehensive income (AOCI), net of tax, during the three months ended January 31, 2014 and 2015:
		Currency Translation Adjustments			Cash Flow Hedge Adjustments			Postretirement Benefits Adjustments			Total AOCI
	Balance at October 31, 2013	$	5		$	(4	)	$	(202	)	$	(201	)
	Net other comprehensive income (loss)	(14		)	7			5			(2		)
	Balance at January 31, 2014	$	(9	)	$	3		$	(197	)	$	(203	)
	Balance at October 31, 2014	$	(40	)	$	23		$	(174	)	$	(191	)
	Net other comprehensive income (loss)	(62		)	34			4			(24		)
	Balance at January 31, 2015	$	(102	)	$	57		$	(170	)	$	(215	)
	The following table presents the components of net other comprehensive income (loss) during the three months ended January 31, 2014 and 2015:
		Pre-Tax			Tax			Net
	Three Months Ended January 31, 2014
	Currency translation adjustments	$	(16	)	$	2		$	(14	)
	Cash flow hedge adjustments:
	Net gain (loss) on hedging instruments	10			(4		)	6
	Reclassification to earnings1	1			—			1
	Postretirement benefits adjustments:
	Net actuarial gain (loss) and prior service cost	—			—			—
	Reclassification to earnings2	9			(4		)	5
	Net other comprehensive income (loss)	$	4		$	(6	)	$	(2	)
	Three Months Ended January 31, 2015
	Currency translation adjustments	$	(65	)	$	3		$	(62	)
	Cash flow hedge adjustments:
	Net gain (loss) on hedging instruments	71			(28		)	43
	Reclassification to earnings1	(16		)	7			(9		)
	Postretirement benefits adjustments:
	Net actuarial gain (loss) and prior service cost	—			—			—
	Reclassification to earnings2	6			(2		)	4
	Net other comprehensive income (loss)	$	(4	)	$	(20	)	$	(24	)
	1Pre-tax amount is classified as net sales in the accompanying consolidated statements of operations.
	2Pre-tax amount is a component of pension and other postretirement benefit expense (as shown in Note 6).
	The following table summarizes the changes in each component of AOCI, net of tax, during the nine months ended January 31, 2014 and 2015:
		Currency Translation Adjustments			Cash Flow Hedge Adjustments			Postretirement Benefits Adjustments			Total AOCI
	Balance at April 30, 2013	$	10		$	—		$	(221	)	$	(211	)
	Net other comprehensive income (loss)	(19		)	3			24			8
	Balance at January 31, 2014	$	(9	)	$	3		$	(197	)	$	(203	)
	Balance at April 30, 2014	$	6		$	(4	)	$	(190	)	$	(188	)
	Net other comprehensive income (loss)	(108		)	61			20			(27		)
	Balance at January 31, 2015	$	(102	)	$	57		$	(170	)	$	(215	)
	The following table presents the components of net other comprehensive income (loss) during the nine months ended January 31, 2014 and 2015:
		Pre-Tax			Tax			Net
	Nine Months Ended January 31, 2014
	Currency translation adjustments	$	(19	)	$	—		$	(19	)
	Cash flow hedge adjustments:
	Net gain (loss) on hedging instruments	5			(2		)	3
	Reclassification to earnings1	—			—			—
	Postretirement benefits adjustments:
	Net actuarial gain (loss) and prior service cost	14			(5		)	9
	Reclassification to earnings2	25			(10		)	15
	Net other comprehensive income (loss)	$	25		$	(17	)	$	8
	Nine Months Ended January 31, 2015
	Currency translation adjustments	$	(113	)	$	5		$	(108	)
	Cash flow hedge adjustments:
	Net gain (loss) on hedging instruments	118			(45		)	73
	Reclassification to earnings1	(20		)	8			(12		)
	Postretirement benefits adjustments:
	Net actuarial gain (loss) and prior service cost	14			(5		)	9
	Reclassification to earnings2	18			(7		)	11
	Net other comprehensive income (loss)	$	17		$	(44	)	$	(27	)
	1Pre-tax amount is classified as net sales in the accompanying consolidated statements of operations.
	2Pre-tax amount is a component of pension and other postretirement benefit expense (as shown in Note 6).

Dividends_Payable

Dividends Payable	9 Months Ended
	Jan. 31, 2015
Dividends [Abstract]
Dividends Payable	Dividends Payable
	On January 20, 2015, our Board of Directors declared a regular quarterly cash dividend of $0.315 per share on our Class A and
	Class B common stock. Stockholders of record on March 10, 2015 will receive the cash dividend on April 1, 2015.

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Policies)	9 Months Ended
	Jan. 31, 2015
Derivative Financial Instruments [Abstract]
Derivatives, Offsetting Fair Value Amounts, Policy [Policy Text Block]	Offsetting. As noted above, our derivative contracts are governed by ISDA agreements that allow for net settlement of derivative contracts with the same counterparty. It is our policy to present the fair values of current derivatives (i.e., those with a remaining term of 12 months or less) with the same counterparty on a net basis in the balance sheet. Similarly, we present the fair values of noncurrent derivatives with the same counterparty on a net basis. Current derivatives are not netted with noncurrent derivatives in the balance sheet

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Jan. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table presents information concerning basic and diluted earnings per share:
		Three Months Ended				Nine Months Ended
		January 31,				January 31,
	(Dollars in millions, except per share amounts)	2014		2015		2014		2015
	Net income available to common stockholders	$	177	$	186	$	526	$	543
	Share data (in thousands):
	Basic average common shares outstanding	213,151		211,126		213,493		212,189
	Dilutive effect of stock-based awards	1,641		1,480		1,623		1,512
	Diluted average common shares outstanding	214,792		212,606		215,116		213,701
	Basic earnings per share	$	0.83	$	0.88	$	2.46	$	2.56
	Diluted earnings per share	$	0.82	$	0.87	$	2.45	$	2.54

Pension_and_Other_Postretireme1

Pension and Other Postretirement Benefits (Tables)	9 Months Ended
	Jan. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	The following table shows the components of the pension and other postretirement benefit cost recognized for our U.S. benefit plans during the periods covered by this report. Information about similar international plans is not presented due to immateriality.
		Three Months Ended						Nine Months Ended
		January 31,						January 31,
	(Dollars in millions)	2014			2015			2014			2015
	Pension Benefits:
	Service cost	$	5		$	5		$	16		$	16
	Interest cost	8			8			23			25
	Expected return on plan assets	(10		)	(10		)	(30		)	(31		)
	Amortization of:
	Prior service cost	—			—			1			1
	Net actuarial loss	8			6			23			17
	Net cost	$	11		$	9		$	33		$	28
	Other Postretirement Benefits:
	Service cost	$	—		$	—		$	1		$	1
	Interest cost	1			1			3			2
	Amortization of:
	Prior service cost	—			(1		)	—			(1		)
	Net actuarial loss	—			—			—			1
	Net cost	$	1		$	—		$	4		$	3

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jan. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following table summarizes the assets and liabilities measured or disclosed at fair value on a recurring basis:
	(Dollars in millions)	Level 1		Level 2		Level 3		Total
	April 30, 2014:
	Assets:
	Currency derivatives	$	—	$	7	$	—	$	7
	Liabilities:
	Currency derivatives	—		7		—		7
	Short-term borrowings	—		8		—		8
	Long-term debt	—		963		—		963
	January 31, 2015:
	Assets:
	Currency derivatives	—		137		—		137
	Liabilities:
	Currency derivatives	—		4		—		4
	Short-term borrowings	—		8		—		8
	Current portion of long-term debt	—		255		—		255
	Long-term debt	—		754		—		754

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Jan. 31, 2015
Fair Value of Financial Instruments [Abstract]
Comparison of the fair values and carrying amounts of financial instrument	The fair value of cash, cash equivalents, and short-term borrowings approximate the carrying amounts due to the short maturities of these instruments. We determine the fair value of derivative financial instruments and long-term debt as discussed in Note 7.
	Below is a comparison of the fair values and carrying amounts of these instruments:
		30-Apr-14				31-Jan-15
		Carrying		Fair		Carrying		Fair
	(Dollars in millions)	Amount		Value		Amount		Value
	Assets:
	Cash and cash equivalents	$	437	$	437	$	250	$	250
	Currency derivatives	7		7		137		137
	Liabilities:
	Currency derivatives	7		7		4		4
	Short-term borrowings	8		8		8		8
	Current portion of long-term debt	—		—		250		255
	Long-term debt	997		963		748		754

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Tables)	9 Months Ended
	Jan. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Gain (Loss) [Table Text Block]	The following tables present the amounts affecting our consolidated statements of operations for the periods covered by this report:
			Three Months Ended
			January 31,
	(Dollars in millions)	Classification	2014				2015
	Currency derivatives designated as cash flow hedge:
	Net gain (loss) recognized in AOCI	n/a	$	10			$	71
	Net gain (loss) reclassified from AOCI into income	Net sales	(1		)		16
	Derivatives not designated as hedging instruments:
	Currency derivatives – net gain (loss) recognized in income	Net sales	5				19
	Currency derivatives – net gain (loss) recognized in income	Other income	2				11
			Nine Months Ended
			January 31,
	(Dollars in millions)	Classification	2014				2015
	Currency derivatives designated as cash flow hedge:
	Net gain (loss) recognized in AOCI	n/a	$	5			$	118
	Net gain (loss) reclassified from AOCI into income	Net sales	—				20
	Derivatives not designated as hedging instruments:
	Currency derivatives – net gain (loss) recognized in income	Net sales	4				31
	Currency derivatives – net gain (loss) recognized in income	Other income	4				5
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The following table presents the fair values of our derivative instruments as of April 30, 2014 and January 31, 2015.
	(Dollars in millions)	Classification		Fair value of derivatives in a gain position				Fair value of derivatives in a
								loss position
	April 30, 2014:
	Designated as cash flow hedges:
	Currency derivatives	Other current assets		$	6			$	(6	)
	Currency derivatives	Other assets		2				—
	Currency derivatives	Accrued expenses		2				(6		)
	Currency derivatives	Other liabilities		—				(4		)
	Not designated as hedges:
	Currency derivatives	Other current assets		5				—
	Currency derivatives	Accrued expenses		1				—
	January 31, 2015:
	Designated as cash flow hedges:
	Currency derivatives	Other current assets		77				—
	Currency derivatives	Other assets		39				—
	Not designated as hedges:
	Currency derivatives	Other current assets		21				—
	Currency derivatives	Accrued expenses		—				(4		)
Offsetting Derivative Assets and Liabilities [Table Text Block]	The following table summarizes the gross and net amounts of our derivative contracts.
	(Dollars in millions)	Gross Amounts of Recognized Assets (Liabilities)				Gross Amounts Offset in Balance Sheet				Net Amounts Presented in Balance Sheet			Gross Amounts Not Offset in Balance Sheet			Net Amounts
	April 30, 2014:
	Derivative assets	$	17			$	(10	)		$	7		$	(2	)	$	5
	Derivative liabilities	(17		)		10				(7		)	2			(5		)
	January 31, 2015:
	Derivative assets	137				—				137			—			137
	Derivative liabilities	(4		)		—				(4		)	—			(4		)

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Jan. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table summarizes the changes in each component of accumulated other comprehensive income (AOCI), net of tax, during the three months ended January 31, 2014 and 2015:
		Currency Translation Adjustments			Cash Flow Hedge Adjustments			Postretirement Benefits Adjustments			Total AOCI
	Balance at October 31, 2013	$	5		$	(4	)	$	(202	)	$	(201	)
	Net other comprehensive income (loss)	(14		)	7			5			(2		)
	Balance at January 31, 2014	$	(9	)	$	3		$	(197	)	$	(203	)
	Balance at October 31, 2014	$	(40	)	$	23		$	(174	)	$	(191	)
	Net other comprehensive income (loss)	(62		)	34			4			(24		)
	Balance at January 31, 2015	$	(102	)	$	57		$	(170	)	$	(215	)
	The following table summarizes the changes in each component of AOCI, net of tax, during the nine months ended January 31, 2014 and 2015:
		Currency Translation Adjustments			Cash Flow Hedge Adjustments			Postretirement Benefits Adjustments			Total AOCI
	Balance at April 30, 2013	$	10		$	—		$	(221	)	$	(211	)
	Net other comprehensive income (loss)	(19		)	3			24			8
	Balance at January 31, 2014	$	(9	)	$	3		$	(197	)	$	(203	)
	Balance at April 30, 2014	$	6		$	(4	)	$	(190	)	$	(188	)
	Net other comprehensive income (loss)	(108		)	61			20			(27		)
	Balance at January 31, 2015	$	(102	)	$	57		$	(170	)	$	(215	)
Comprehensive Income (Loss) [Table Text Block]	The following table presents the components of net other comprehensive income (loss) during the three months ended January 31, 2014 and 2015:
		Pre-Tax			Tax			Net
	Three Months Ended January 31, 2014
	Currency translation adjustments	$	(16	)	$	2		$	(14	)
	Cash flow hedge adjustments:
	Net gain (loss) on hedging instruments	10			(4		)	6
	Reclassification to earnings1	1			—			1
	Postretirement benefits adjustments:
	Net actuarial gain (loss) and prior service cost	—			—			—
	Reclassification to earnings2	9			(4		)	5
	Net other comprehensive income (loss)	$	4		$	(6	)	$	(2	)
	Three Months Ended January 31, 2015
	Currency translation adjustments	$	(65	)	$	3		$	(62	)
	Cash flow hedge adjustments:
	Net gain (loss) on hedging instruments	71			(28		)	43
	Reclassification to earnings1	(16		)	7			(9		)
	Postretirement benefits adjustments:
	Net actuarial gain (loss) and prior service cost	—			—			—
	Reclassification to earnings2	6			(2		)	4
	Net other comprehensive income (loss)	$	(4	)	$	(20	)	$	(24	)
	1Pre-tax amount is classified as net sales in the accompanying consolidated statements of operations.
	2Pre-tax amount is a component of pension and other postretirement benefit expense (as shown in Note 6).
	The following table presents the components of net other comprehensive income (loss) during the nine months ended January 31, 2014 and 2015:
		Pre-Tax			Tax			Net
	Nine Months Ended January 31, 2014
	Currency translation adjustments	$	(19	)	$	—		$	(19	)
	Cash flow hedge adjustments:
	Net gain (loss) on hedging instruments	5			(2		)	3
	Reclassification to earnings1	—			—			—
	Postretirement benefits adjustments:
	Net actuarial gain (loss) and prior service cost	14			(5		)	9
	Reclassification to earnings2	25			(10		)	15
	Net other comprehensive income (loss)	$	25		$	(17	)	$	8
	Nine Months Ended January 31, 2015
	Currency translation adjustments	$	(113	)	$	5		$	(108	)
	Cash flow hedge adjustments:
	Net gain (loss) on hedging instruments	118			(45		)	73
	Reclassification to earnings1	(20		)	8			(12		)
	Postretirement benefits adjustments:
	Net actuarial gain (loss) and prior service cost	14			(5		)	9
	Reclassification to earnings2	18			(7		)	11
	Net other comprehensive income (loss)	$	17		$	(44	)	$	(27	)
	1Pre-tax amount is classified as net sales in the accompanying consolidated statements of operations.
	2Pre-tax amount is a component of pension and other postretirement benefit expense (as shown in Note 6).

Inventories_Details

Inventories (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Millions, unless otherwise specified
Inventories (Textual) [Abstract]
Excess of current costs over stated LIFO value	$226	$216

Income_Taxes_Details

Income Taxes (Details)	9 Months Ended
	Jan. 31, 2015
Income Taxes (Textual) [Abstract]
Effective tax rate	29.90%
Expected tax rate	30.10%

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Share data in Thousands, unless otherwise specified	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Basic and diluted earnings per share
Net income available to common stockholders	$186	$177	$543	$526
Share data (in thousands):
Basic average common shares outstanding	211,126	213,151	212,189	213,493
Dilutive effect of stock-based awards	1,480	1,641	1,512	1,623
Diluted average common shares outstanding	212,606	214,792	213,701	215,116
Basic earnings per share (dollars per share)	$0.88	$0.83	$2.56	$2.46
Diluted earnings per share (dollars per share)	$0.87	$0.82	$2.54	$2.45

Earnings_Per_Share_Details_Tex

Earnings Per Share (Details Textual)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Earnings Per Share (Textual) [Abstract]
Common stock-based awards excluded from the calculation of diluted earnings per share	359	410	363	411

Guarantee_Details

Guarantee (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Millions, unless otherwise specified
Concentration Risk [Line Items]
Accounts receivable	$631	$569
Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Guaranty exposure, maximum	14
Guaranty exposure, current	7
Accounts receivable	$18

Pension_and_Other_Postretireme2

Pension and Other Postretirement Benefits (Details) (USD $)	3 Months Ended			9 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Jan. 31, 2014	Jul. 31, 2012	Jan. 31, 2015	Jan. 31, 2014
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$5	$5		$16	$16
Interest cost	8	8		25	23
Expected return on plan assets	-10	-10		-31	-30
Amortization of:
Prior service cost	0	0		1	1
Net actuarial loss	6	8		17	23
Net cost	9	11		28	33
Other Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0	0		1	1
Interest cost	1	1		2	3
Amortization of:
Prior service cost	-1	0		-1	0
Net actuarial loss	0		0	1
Net cost	$0	$1		$3	$4

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Millions, unless otherwise specified
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Short-term borrowings	$8	$8
Long-term debt	754	963
Currency derivatives [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Currency derivatives	4	7
Fair Value, Measurements, Recurring [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Short-term borrowings	8	8
Current portion of long-term debt	255
Long-term debt	754	963
Fair Value, Measurements, Recurring [Member] | Currency derivatives [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Currency derivatives	137	7
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Currency derivatives	4	7
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Short-term borrowings	0	0
Current portion of long-term debt	0
Long-term debt	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Currency derivatives [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Currency derivatives	0	0
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Currency derivatives	0	0
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Short-term borrowings	8	8
Current portion of long-term debt	255
Long-term debt	754	963
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Currency derivatives [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Currency derivatives	137	7
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Currency derivatives	4	7
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Short-term borrowings	0	0
Current portion of long-term debt	0
Long-term debt	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Currency derivatives [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Currency derivatives	0	0
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Currency derivatives	$0	$0

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014	Oct. 31, 2013	Apr. 30, 2013
In Millions, unless otherwise specified
Assets:
Cash and cash equivalents, Carrying Amount	$250	$437	$287	$204
Cash and cash equivalents, Fair Value	250	437
Liabilities:
Short-term borrowings, Carrying Amount	8	8
Short-term borrowings, Fair Value	8	8
Current portion of long-term debt, Carrying Amount	250	0
Current portion of long-term debt, Fair Value	255	0
Long-term debt, Carrying Amount	748	997
Long-term debt, Fair Value	754	963
Currency derivatives [Member]
Assets:
Currency derivatives, Fair Value	137	7
Liabilities:
Currency derivatives, Fair Value	4	7
Reported Value Measurement [Member]
Assets:
Cash and cash equivalents, Carrying Amount	250	437
Liabilities:
Short-term borrowings, Carrying Amount	8	8
Current portion of long-term debt, Carrying Amount	250	0
Long-term debt, Carrying Amount	748	997
Reported Value Measurement [Member] | Currency derivatives [Member]
Assets:
Currency derivatives, Carrying Amount	137	7
Liabilities:
Currency derivatives, Carrying Amount	$4	$7

Derivative_Financial_Instrumen3

Derivative Financial Instruments (Details) (Currency derivatives [Member], USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Cash Flow Hedging [Member]
Derivative instrument gains and losses affecting statements of operations
Net gain (loss) recognized in AOCI	$71	$10	$118	$5
Net Sales [Member] | Cash Flow Hedging [Member]
Derivative instrument gains and losses affecting statements of operations
Net gain (loss) reclassified from AOCI into income	16	-1	20	0
Net Sales [Member] | Not designated as hedges [Member]
Derivative instrument gains and losses affecting statements of operations
Gain (loss) on derivative instruments recognized in income	19	5	31	4
Other Income [Member] | Not designated as hedges [Member]
Derivative instrument gains and losses affecting statements of operations
Gain (loss) on derivative instruments recognized in income	$11	$2	$5	$4

Derivative_Financial_Instrumen4

Derivative Financial Instruments (Details 1) (Currency derivatives [Member], USD $)	Jan. 31, 2015	Apr. 30, 2014
In Millions, unless otherwise specified
Fair value of derivatives in a gain position [Member] | Cash Flow Hedging [Member] | Other Current Assets [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position	$77	$6
Fair value of derivatives in a gain position [Member] | Cash Flow Hedging [Member] | Other Assets [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position	39	2
Fair value of derivatives in a gain position [Member] | Cash Flow Hedging [Member] | Accrued Expenses [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position		2
Fair value of derivatives in a gain position [Member] | Cash Flow Hedging [Member] | Other Liabilities [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position		0
Fair value of derivatives in a gain position [Member] | Not designated as hedges [Member] | Other Current Assets [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position	21	5
Fair value of derivatives in a gain position [Member] | Not designated as hedges [Member] | Accrued Expenses [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position	0	1
Fair value of derivatives in a loss position [Member] | Cash Flow Hedging [Member] | Other Current Assets [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position	0	-6
Fair value of derivatives in a loss position [Member] | Cash Flow Hedging [Member] | Other Assets [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position	0	0
Fair value of derivatives in a loss position [Member] | Cash Flow Hedging [Member] | Accrued Expenses [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position		-6
Fair value of derivatives in a loss position [Member] | Cash Flow Hedging [Member] | Other Liabilities [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position		-4
Fair value of derivatives in a loss position [Member] | Not designated as hedges [Member] | Other Current Assets [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position	0	0
Fair value of derivatives in a loss position [Member] | Not designated as hedges [Member] | Accrued Expenses [Member]
Fair values of derivative instruments
Fair value of derivatives in a gain (loss) position	($4)	$0

Derivative_Financial_Instrumen5

Derivative Financial Instruments (Details Textual) (USD $)	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Apr. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	$1,052	$1,152
Derivative Financial Instruments (Textual) [Abstract]
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	63
Maximum term of outstanding derivative contracts	27 months	27 months
Aggregate fair value of derivatives with creditworthiness requirements that were in a net liability position	$0	$6

Derivative_Financial_Instrumen6

Derivative Financial Instruments Offsetting Derivative Assets and Liabilities (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Millions, unless otherwise specified
Offsetting Assets and Liabilities [Line Items]
Gross Amount of Derivative Assets	$137	$17
Gross Amount of Derivative Liabilities Offset Against Derivative Assets in Balance Sheet	0	-10
Net Amount of Derivative Assets Presented in Balance Sheet	137	7
Gross Amount of Derivative Liabilities Not Offset Against Derivative Assets in Balance Sheet	0	-2
Net Amount of Derivative Assets	137	5
Gross Amount of Derivative Liabilities	-4	-17
Gross Amount of Derivative Assets Offset Against Derivative Liabilities in Balance Sheet	0	10
Net Amount of Derivative Liabilities Presented in Balance Sheet	4	7
Gross Amount of Derivative Assets Not Offset Against Derivative Liabilities in Balance Sheet	0	2
Net Amount of Derivative Liabilities	$4	$5

Changes_in_Accumulated_Other_C

Changes in Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014	Jul. 31, 2014	Jul. 31, 2013	Apr. 30, 2014	Oct. 31, 2013	Apr. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		($203)	($188)	($211)	($191)	($201)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	-62	-14	-108	-19
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent	34	7	61	3
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax, Portion Attributable to Parent	4	5	20	24
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	-24	-2	-27	8
Ending balance	-215		-215		-191	-201
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance					23	-4	-4	3	0
Ending balance	57		57		23	-4	-4	3	0
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance					-40	5	6	-9	10
Ending balance	-102		-102		-40	5	6	-9	10
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance					-174	-202	-190	-197	-221
Ending balance	($170)		($170)		($174)	($202)	($190)	($197)	($221)

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income Schedule of Other Comprehensive Income (Details) (USD $)	3 Months Ended				9 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015		Jan. 31, 2014		Jan. 31, 2015		Jan. 31, 2014
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	($65)		($16)		($113)		($19)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	3		2		5		0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	-62		-14		-108		-19
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	71		10		118		5
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	-28		-4		-45		-2
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	43		6		73		3
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	-16	[1]	1	[1]	-20	[1]	0	[1]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	7	[1]	0	[1]	8	[1]	0	[1]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	-9	[1]	1	[1]	-12	[1]	0	[1]
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) and Net Prior Service Credit (Cost) Arising During Period, before Tax	0		0		14		14
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) and Net Prior Service Credit (Cost) Arising During Period, Tax	0		0		-5		-5
Other Comprehensive Income Defined Benefit Plan Actuarial Gain Loss And Net Prior Service Costs Credit Arising During Period Net Of Tax	0		0		9		9
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss) and Net Prior Service Credit (Cost), before Tax	6	[2]	9	[2]	18	[2]	25	[2]
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss and Prior Service (Credit) Cost, Tax	-2	[2]	-4	[2]	-7	[2]	-10	[2]
Other Comprehensive Income Reclassification Of Actuarial Gain Loss And Prior Service Cost Net Of Tax	4	[2]	5	[2]	11	[2]	15	[2]
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	-4		4		17		25
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	-20		-6		-44		-17
Other Comprehensive Income (Loss), Net of Tax	($24)		($2)		($27)		$8
[1]	1Pre-tax amount is classified as net sales in the accompanying consolidated statements of operations.
[2]	2Pre-tax amount is a component of pension and other postretirement benefit expense (as shown in Note 6).

Dividends_Payable_Details_Text

Dividends Payable (Details Textual) (USD $)	Jan. 20, 2015
Dividends Payable (Textual) [Abstract]
Cash dividend	$0.32