Document and Entity Information	3 Months Ended
Document and Entity Information	Jul. 31, 2019 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2019
Document Transition Report	false
Entity File Number	001-00123
Entity Registrant Name	Brown-Forman Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	61-0143150
Entity Address, Address Line One	850 Dixie Highway
Entity Address, City or Town	Louisville,
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	40210
City Area Code	502
Local Phone Number	585-1100
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000014693
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--04-30
Common stock, Class A, voting [Member]
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock (voting), $0.15 par value
Trading Symbol	BFA
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	169,038,689
Common stock, Class B, nonvoting [Member]
Document Information [Line Items]
Title of 12(b) Security	Class B Common Stock (nonvoting), $0.15 par value
Trading Symbol	BFB
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	308,500,493
1.20% notes, due July 7, 2026 [Member]
Document Information [Line Items]
Title of 12(b) Security	1.200% Notes due 2026
Trading Symbol	BF26
Security Exchange Name	NYSE
2.60% notes, due July 7, 2028 [Member]
Document Information [Line Items]
Title of 12(b) Security	2.600% Notes due 2028
Trading Symbol	BF28
Security Exchange Name	NYSE

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Income Statement [Abstract]
Sales	$ 978	$ 987
Excise taxes	212	221
Net sales	766	766
Cost of sales	268	243
Gross profit	498	523
Advertising expenses	92	98
Selling, general, and administrative expenses	164	168
Other expense (income), net	(6)	(7)
Operating income	248	264
Non-operating postretirement expense	1	2
Interest income	(2)	(2)
Interest expense	21	22
Income before income taxes	228	242
Income taxes	42	42
Net income	$ 186	$ 200
Earnings per share:
Basic (dollars per share)	$ 0.39	$ 0.42
Diluted (dollars per share)	$ 0.39	$ 0.41

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 186	$ 200
Other comprehensive income (loss), net of tax:
Currency translation adjustments	(13)	(12)
Cash flow hedge adjustments	9	23
Postretirement benefits adjustments	3	3
Net other comprehensive income (loss)	(1)	14
Comprehensive income	$ 185	$ 214

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jul. 31, 2019	Apr. 30, 2019
Assets
Cash and cash equivalents	$ 307	$ 307
Accounts receivable, less allowance for doubtful accounts of $7 at April 30 and July 31	626	609
Inventories:
Barreled whiskey	1,016	1,004
Finished goods	325	279
Work in process	163	152
Raw materials and supplies	105	85
Total inventories	1,609	1,520
Other current assets	295	283
Total current assets	2,837	2,719
Property, plant, and equipment, net	815	816
Goodwill	754	753
Other intangible assets	654	645
Deferred tax assets	16	16
Other assets	246	190
Total assets	5,322	5,139
Liabilities
Accounts payable and accrued expenses	524	544
Dividends payable	79	0
Accrued income taxes	44	9
Short-term borrowings	220	150
Total current liabilities	867	703
Long-term debt	2,267	2,290
Deferred tax liabilities	148	145
Accrued pension and other postretirement benefits	197	197
Other liabilities	180	157
Total liabilities	3,659	3,492
Commitments and contingencies
Stockholders' Equity
Additional paid-in capital	1	0
Retained earnings	2,282	2,238
Accumulated other comprehensive income (loss), net of tax	(407)	(363)
Treasury stock, at cost (7,360,000 and 6,993,000 shares at April 30 and July 31, respectively)	(285)	(300)
Total stockholders' equity	1,663	1,647
Total liabilities and stockholders' equity	5,322	5,139
Common stock, Class A, voting [Member]
Stockholders' Equity
Common stock	25	25
Common stock, Class B, nonvoting [Member]
Stockholders' Equity
Common stock	$ 47	$ 47

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Millions	Jul. 31, 2019	Apr. 30, 2019
Allowance for doubtful accounts	$ 7	$ 7
Treasury stock, shares	6,993,000	7,360,000
Common stock, Class A, voting [Member]
Common stock, par value	$ 0.15	$ 0.15
Common stock, shares authorized	170,000,000	170,000,000
Common stock, shares issued	170,000,000	170,000,000
Common stock, Class B, nonvoting [Member]
Common stock, par value	$ 0.15	$ 0.15
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	314,532,000	314,532,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Cash flows from operating activities:
Net income	$ 186	$ 200
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	18	18
Stock-based compensation expense	3	5
Deferred income tax provision (benefit)	(9)	20
U.S Tax Act repatriation tax provision (benefit)	0	(6)
Other, net	1	4
Changes in:
Accounts receivable	(20)	(22)
Inventories	(100)	(83)
Other current assets	(4)	(5)
Accounts payable and accrued expenses	(34)	(33)
Accrued income taxes	35	27
Other operating assets and liabilities	(4)	1
Cash provided by operating activities	72	126
Cash flows from investing activities:
Acquisition of business, net of cash acquired	(22)	0
Additions to property, plant, and equipment	(21)	(23)
Payments for corporate-owned life insurance	0	(2)
Cash used for investing activities	(43)	(25)
Cash flows from financing activities:
Net change in short-term borrowings	67	(41)
Net payments related to exercise of stock-based awards	(13)	(4)
Acquisition of treasury stock	(1)	(1)
Dividends paid	(79)	(76)
Cash used for financing activities	(26)	(122)
Effect of exchange rate changes on cash and cash equivalents	(3)	(7)
Net decrease in cash and cash equivalents	0	(28)
Cash and cash equivalents, beginning of period	307	239
Cash and cash equivalents, end of period	$ 307	$ 211

Condensed Consolidated Financial Statements

3 Months Ended

Jul. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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 (SEC) 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). In our opinion, the accompanying financial statements include all adjustments, consisting only of normal recurring adjustments (unless otherwise indicated), necessary for a fair statement of our financial results for the periods presented in these financial statements. The results for interim periods are not necessarily indicative of future or annual results.

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, 2019 (2019 Form 10-K). Except for adopting the new accounting standards discussed below, we prepared the accompanying financial statements on a basis that is substantially consistent with the accounting principles applied in our 2019 Form 10-K.

As of May 1, 2019, we adopted the following Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board:

•

ASU 2016-02: Leases. This update, codified along with various amendments as Accounting Standards Codification Topic 842 (ASC 842), replaces previous lease accounting guidance. Under ASC 842, a lessee should recognize on its balance sheet a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. ASC 842 permits an entity to make an accounting policy election not to recognize lease assets and liabilities for leases with a term of 12 months or less. It also requires additional quantitative and qualitative disclosures about leasing arrangements.

We adopted ASC 842 using a modified retrospective transition approach for leases existing at the date of adoption. For the transition, we elected to use the package of practical expedients to not reassess (a) whether existing contracts are or contain leases, (b) the classification of existing leases, and (c) initial direct costs for existing leases. Upon adoption, we recorded lease liabilities and right-of-use assets of $54 million. The adoption did not have a material impact on our results of operations, stockholders’ equity, or cash flows. See Note 13 for additional information about our leases.

•

ASU 2018-02: Reclassification of Certain Effects from Accumulated Other Comprehensive Income (AOCI). This new guidance allows a reclassification from AOCI to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act enacted by the U.S. government in December 2017. We elected to make the reclassification, which increased retained earnings and decreased AOCI as of May 1, 2019, by $43 million.

Earnings Per Share

3 Months Ended

Jul. 31, 2019

Earnings Per Share [Abstract]

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. 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
	July 31,
(Dollars in millions, except per share amounts)	2018		2019
Net income available to common stockholders	$	200	$	186

Share data (in thousands):
Basic average common shares outstanding	480,964		477,369
Dilutive effect of stock-based awards	3,477		2,719
Diluted average common shares outstanding	484,441		480,088

Basic earnings per share	$	0.42	$	0.39
Diluted earnings per share	$	0.41	$	0.39

We excluded common stock-based awards for approximately 100,000 shares and 362,000 shares from the calculation of diluted earnings per share for the three months ended July 31, 2018 and 2019, respectively. We excluded those awards because they were not dilutive for those periods under the treasury stock method.

Inventories	3 Months Ended
Inventories	Jul. 31, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are valued at the lower of cost or market. Some of our consolidated inventories are valued using the last-in, first-out (LIFO) method, which we use for the majority of our U.S. inventories. If the LIFO method had not been used, inventories at current cost would have been $303 million higher than reported as of April 30, 2019, and $306 million higher than reported as of July 31, 2019. Changes in the LIFO valuation reserve for interim periods are based on a proportionate allocation of the estimated change for the entire fiscal year.

Goodwill and Other Intangible Assets

3 Months Ended

Jul. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Other Intangible Assets

The following table shows the changes in goodwill (which includes no accumulated impairment losses) and other intangible assets during the three months ended July 31, 2019:



(Dollars in millions)	Goodwill			Other Intangible Assets
Balance at April 30, 2019	$	753		$	645
Acquisition (Note 15)	11			12
Foreign currency translation adjustment	(10		)	(3		)
Balance at July 31, 2019	$	754		$	654

Our other intangible assets consist of trademarks and brand names, all with indefinite useful lives.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Jul. 31, 2019
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 existing 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 were recorded as of July 31, 2019. 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 $10 million (subject to changes in foreign currency exchange rates). Both the fair value and carrying amount of the guaranty are insignificant. As of July 31, 2019, our actual exposure under the guaranty of the importer’s obligation was approximately $5 million. We also have accounts receivable from that importer of approximately $8 million at July 31, 2019, 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.

Debt

3 Months Ended

Jul. 31, 2019

Debt Disclosure [Abstract]

Debt

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



(Principal and carrying amounts in millions)	April 30, 2019		July 31, 2019
2.25% senior notes, $250 principal amount, due January 15, 2023	$	249	$	249
3.50% senior notes, $300 principal amount, due April 15, 2025	297		297
1.20% senior notes, €300 principal amount, due July 7, 2026	333		332
2.60% senior notes, £300 principal amount, due July 7, 2028	383		361
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
	$	2,290	$	2,267

Our short-term borrowings consist of:



(Dollars in millions)	April 30, 2019	July 31, 2019
Commercial paper	$150	$220
Average interest rate	2.60%	2.45%
Average remaining days to maturity	18	27

Stockholders' Equity

3 Months Ended

Jul. 31, 2019

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Stockholders’ Equity

The following table shows the changes in stockholders’ equity during the three months ended July 31, 2018:



(Dollars in millions)	Class A Common Stock		Class B Common Stock		Additional Paid-in Capital			Retained Earnings			AOCI			Treasury Stock			Total
Balance at April 30, 2018	$	25	$	47	$	4		$	1,730		$	(378	)	$	(112	)	$	1,316
Cumulative effect of changes in accounting standards								(5		)							(5		)
Net income								200									200
Net other comprehensive income (loss)											14						14
Declaration of cash dividends								(152		)							(152		)
Acquisition of treasury stock														(6		)	(6		)
Stock-based compensation expense					5												5
Stock issued under compensation plans														9			9
Loss on issuance of treasury stock issued under compensation plans					(7		)	(6		)							(13		)
Balance at July 31, 2018	$	25	$	47	$	2		$	1,767		$	(364	)	$	(109	)	$	1,368

The following table shows the changes in stockholders’ equity during the three months ended July 31, 2019:



(Dollars in millions)	Class A Common Stock		Class B Common Stock		Additional Paid-in Capital			Retained Earnings			AOCI			Treasury Stock			Total
Balance at April 30, 2019	$	25	$	47	$	—		$	2,238		$	(363	)	$	(300	)	$	1,647
Adoption of ASU 2018-02 (Note 1)								43			(43		)				—
Net income								186									186
Net other comprehensive income (loss)											(1		)				(1		)
Declaration of cash dividends								(158		)							(158		)
Acquisition of treasury stock														(1		)	(1		)
Stock-based compensation expense					3												3
Stock issued under compensation plans														16			16
Loss on issuance of treasury stock issued under compensation plans					(2		)	(27		)							(29		)
Balance at July 31, 2019	$	25	$	47	$	1		$	2,282		$	(407	)	$	(285	)	$	1,663

The following table shows the change in each component of AOCI, net of tax, during the three months ended July 31, 2019:



(Dollars in millions)	Currency Translation Adjustments			Cash Flow Hedge Adjustments			Postretirement Benefits Adjustments			Total AOCI
Balance at April 30, 2019	$	(207	)	$	31		$	(187	)	$	(363	)
Adoption of ASU 2018-02 (Note 1)	(1		)	(1		)	(41		)	(43		)
Net other comprehensive income (loss)	(13		)	9			3			(1		)
Balance at July 31, 2019	$	(221	)	$	39		$	(225	)	$	(407	)

The following table shows the cash dividends declared per share on our Class A and Class B common stock during the three months ended July 31, 2019:



Declaration Date	Record Date	Payable Date	Amount per Share
May 23, 2019	June 6, 2019	July 1, 2019	$0.166
July 25, 2019	September 6, 2019	October 1, 2019	$0.166

Net Sales

3 Months Ended

Jul. 31, 2019

Net Sales [Abstract]

Revenue from Contract with Customer [Text Block]

Net Sales

The following table shows our net sales by geography:



	Three Months Ended
	July 31,
(Dollars in millions)	2018		2019
United States	$	354	$	374
Developed International¹	215		205
Emerging²	131		133
Travel Retail³	38		32
Non-branded and bulk⁴	28		22
Total	$	766	$	766

¹Represents net sales of branded products to “advanced economies” as defined by the International Monetary Fund (IMF), excluding the United States. Our largest developed international markets are the United Kingdom, Australia, Germany, France, and Japan.

²Represents net sales of branded products to “emerging and developing economies” as defined by the IMF. Our largest emerging markets are Mexico, Poland, Russia, and Brazil.

³Represents net sales of branded products to global duty-free customers, other travel retail customers, and the U.S. military regardless of customer location.

⁴Includes net sales of used barrels, bulk whiskey and wine, and contract bottling regardless of customer location.

The following table shows our net sales by product category:



	Three Months Ended
	July 31,
(Dollars in millions)	2018		2019
Whiskey¹	$	597	$	600
Tequila²	62		68
Vodka³	28		26
Wine⁴	40		39
Rest of portfolio	11		11
Non-branded and bulk⁵	28		22
Total	$	766	$	766

¹Includes all whiskey spirits and whiskey-based flavored liqueurs, ready-to-drink, and ready-to-pour products. The brands included in this category are the Jack Daniel's family of brands, Woodford Reserve, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Old Forester, Early Times, Slane Irish Whiskey, and Coopers’ Craft.

²Includes el Jimador, Herradura, New Mix, Pepe Lopez, and Antiguo.

³Includes Finlandia.

⁴Includes Korbel Champagne and Sonoma-Cutrer wines.

⁵Includes net sales of used barrels, bulk whiskey and wine, and contract bottling regardless of customer location.

Pension and Other Postretirement Benefits

3 Months Ended

Jul. 31, 2019

Retirement Benefits [Abstract]

Pension and Other Postretirement Benefits

The following table shows the components of the net cost of pension and other postretirement benefits recognized for our U.S. benefit plans. Information about similar international plans is not presented due to immateriality.



	Three Months Ended
	July 31,
(Dollars in millions)	2018			2019
Pension Benefits:
Service cost	$	6		$	6
Interest cost	9			8
Expected return on plan assets	(12		)	(12		)
Amortization of net actuarial loss	5			5
Net cost	$	8		$	7

Other Postretirement Benefits:
Interest cost	$	1		$	1
Amortization of prior service cost (credit)	(1		)	(1		)
Net cost	$	—		$	—

Income Taxes	3 Months Ended
Income Taxes	Jul. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our consolidated interim effective tax rate is based on our expected annual operating income, statutory tax rates, and income tax laws in the various jurisdictions where we operate. Significant or unusual items, including adjustments to accruals for tax uncertainties, are recognized in the fiscal quarter in which the related event or a change in judgment occurs. The effective tax rate of 18.2% for the three months ended July 31, 2019, is lower than the expected tax rate of 21.0% on ordinary income for the full fiscal year primarily due to (a) excess tax benefits related to stock-based compensation and (b) the impact of other discrete items. Our expected tax rate includes current fiscal year additions for existing tax contingency items. Historically, we have asserted that the undistributed earnings of our foreign subsidiaries are reinvested indefinitely outside the United States. Therefore, no income taxes have been provided for any outside basis differences inherent in these subsidiaries other than those subject to the one-time repatriation tax. During fiscal 2019, we changed our indefinite reinvestment assertion with respect to current year earnings and prior year undistributed earnings for select foreign subsidiaries (but not for their other outside basis differences). Although these earnings are no longer indefinitely reinvested and may now be distributed within our foreign entity structure, they remain indefinitely reinvested outside the United States. No deferred taxes have been recorded as no withholding taxes would be due on their distribution. No further changes have been made to our indefinite reinvestment assertion.

Derivative Financial Instruments and Hedging Activities

3 Months Ended

Jul. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments and Hedging Activities

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 in AOCI until the underlying hedged transaction occurs, at which time we reclassify that amount into earnings.

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, and Australian dollar exposures, with notional amounts for all hedged currencies totaling $1,241 million at April 30, 2019 and $1,215 million at July 31, 2019.

We also use foreign currency-denominated debt to help manage our currency exchange risk. As of July 31, 2019, $609 million of our foreign currency-denominated debt instruments were designated as net investment hedges. These net investment hedges are intended to mitigate foreign exchange exposure related to non-U.S. dollar net investments in certain foreign subsidiaries. Any change in value of the designated portion of the hedging instruments is recorded in AOCI, offsetting the foreign currency translation adjustment of the related net investments that is also recorded in AOCI.

At inception, we expect each financial instrument designated as a hedge to be highly effective in offsetting the financial exposure it is designed to mitigate. We also assess the effectiveness on an ongoing basis. If determined to no longer be highly effective, designation and accounting for the instrument as a hedge would be discontinued.

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 as derivative instruments.

The following table presents the pre-tax impact that changes in the fair value of our derivative instruments and non-derivative hedging instruments had on AOCI and earnings:



		Three Months Ended
		July 31,
(Dollars in millions)	Classification	2018			2019
Currency derivatives designated as cash flow hedges:
Net gain (loss) recognized in AOCI	n/a	$	27		$	15
Net gain (loss) reclassified from AOCI into earnings	Sales	(2		)	4
Currency derivatives not designated as hedging instruments:
Net gain (loss) recognized in earnings	Sales	$	3		$	—
Net gain (loss) recognized in earnings	Other income (expense), net	3			1
Foreign currency-denominated debt designated as net investment hedge:
Net gain (loss) recognized in AOCI	n/a	$	28		$	23

Total amounts presented in the accompanying consolidated statements of operations for line items affected by the net gains (losses) shown above:
Sales		$	987		$	978
Other income (expense), net		7			6

We expect to reclassify $23 million of deferred net gains on cash flow hedges recorded in AOCI as of July 31, 2019, 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. As of July 31, 2019, the maximum term of our outstanding derivative contracts was 36 months.

The following table presents the fair values of our derivative instruments:



		April 30, 2019					July 31, 2019
(Dollars in millions)	Classification	Derivative Assets		Derivative Liabilities			Derivative Assets		Derivative Liabilities
Designated as cash flow hedges:
Currency derivatives	Other current assets	$	21	$	(2	)	$	30	$	(2	)
Currency derivatives	Other assets	22		(1		)	27		—
Currency derivatives	Accrued expenses	—		(5		)	—		(6		)
Currency derivatives	Other liabilities	—		(1		)	—		(2		)

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 subject to net settlement agreements are presented on a net basis in our balance sheets.

In our statements of cash flows, we classify cash flows related to cash flow hedges in the same category as the cash flows from the hedged items.

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 we monitor regularly, and we monetize contracts when we believe it is warranted. Because of these safeguards, we believe we have no derivative positions that warrant credit valuation adjustments.

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 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, 2019 and $8 million at July 31, 2019.

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 our balance sheets. Similarly, we present the fair values of noncurrent derivatives with the same counterparty on a net basis. We do not net current derivatives with noncurrent derivatives in our balance sheets.

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, 2019
Derivative assets	$	43		$	(3	)	$	40		$	—	$	40
Derivative liabilities	(9		)	3			(6		)	—		(6		)
July 31, 2019
Derivative assets	57			(2		)	55			—		55
Derivative liabilities	(10		)	2			(8		)	—		(8		)

No cash collateral was received or pledged related to our derivative contracts as of April 30, 2019 or July 31, 2019.

Fair Value Measurements

3 Months Ended

Jul. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

The following table summarizes the assets and liabilities measured or disclosed at fair value on a recurring basis:



	April 30, 2019				July 31, 2019
	Carrying		Fair		Carrying		Fair
(Dollars in millions)	Amount		Value		Amount		Value
Assets
Cash and cash equivalents	$	307	$	307	$	307	$	307
Currency derivatives	40		40		55		55
Liabilities
Currency derivatives	6		6		8		8
Short-term borrowings	150		150		220		220
Long-term debt	2,290		2,399		2,267		2,501

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 inactive markets; or other inputs that are observable or can be derived from or corroborated by observable market data.


•	Level 3 – Unobservable inputs supported by little or no market activity.

We determine the fair values of our currency derivatives (forward contracts) using standard valuation models. The significant inputs used in these models, which are readily available in public markets or can be derived from observable market transactions, include the applicable spot exchange rates, forward exchange rates, and interest rates. These fair value measurements are categorized as Level 2 within the valuation hierarchy.

We determine the fair value of long-term debt primarily based on the prices at which identical or similar debt has recently traded in the market and also considering the overall market conditions on the date of valuation. These fair value measurements are categorized as Level 2 within the valuation hierarchy.

The fair values of cash, cash equivalents, and short-term borrowings approximate the carrying amounts due to the short maturities of these instruments.

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.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Leases

3 Months Ended

Jul. 31, 2019

Leases [Abstract]

Lessee, Operating Leases [Text Block]

Leases

We enter into lease arrangements, which we use primarily for office space, vehicles, and land. Substantially all of our leases are operating leases. Our finance leases are not material.

Effective May 1, 2019, we updated our accounting policy for leases to reflect the adoption of ASC 842. Under ASC 842, we record lease liabilities and right-of-use (ROU) assets on our balance sheet for leases with terms exceeding 12 months. We do not record lease liabilities or ROU assets for short-term leases.

The amounts recorded for lease liabilities and ROU assets are based on the estimated present value, as of the lease commencement date, of the future payments to be made over the lease term. We calculate the present value using our incremental borrowing rate that corresponds to the term of the lease. We include the effect of an option to renew or terminate a lease in the lease term when it is reasonably certain that we will exercise the option.

Some of our leases contain non-lease components (e.g., maintenance or other services) in addition to lease components. For our land leases, we have elected the practical expedient not to separate the non-lease components from the lease components.

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

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.

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

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

Other Comprehensive Income

3 Months Ended

Jul. 31, 2019

Statement of Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Other Comprehensive Income

The following table shows the components of net other comprehensive income (loss):



	Three Months Ended									Three Months Ended
	July 31, 2018									July 31, 2019
(Dollars in millions)	Pre-Tax			Tax			Net			Pre-Tax			Tax			Net
Currency translation adjustments:
Net gain (loss) on currency translation	$	(5	)	$	(7	)	$	(12	)	$	(8	)	$	(5	)	$	(13	)
Reclassification to earnings	—			—			—			—			—			—
Other comprehensive income (loss), net	(5		)	(7		)	(12		)	(8		)	(5		)	(13		)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	27			(6		)	21			15			(3		)	12
Reclassification to earnings¹	2			—			2			(4		)	1			(3		)
Other comprehensive income (loss), net	29			(6		)	23			11			(2		)	9
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	—			—			—			—			—			—
Reclassification to earnings²	4			(1		)	3			4			(1		)	3
Other comprehensive income (loss), net	4			(1		)	3			4			(1		)	3

Total other comprehensive income (loss), net	$	28		$	(14	)	$	14		$	7		$	(8	)	$	(1	)

¹Pre-tax amount is classified as sales in the accompanying condensed consolidated statements of operations.

²Pre-tax amount is classified as non-operating postretirement expense in the accompanying condensed consolidated statements of operations.

Acquisition of Business

3 Months Ended

Jul. 31, 2019

Acquisition of Business [Abstract]

Business Combination Disclosure [Text Block]

Acquisition of Business

On July 3, 2019, we acquired 100% of the voting interests in The 86 Company, which owns Fords Gin, for $22 million in cash. The purchase price has been preliminarily allocated largely to the intangible assets that were acquired, including goodwill of $11 million and other indefinite-lived intangibles of $12 million, net of deferred tax liabilities of $1 million. The goodwill is primarily attributable to the value of leveraging our distribution network and brand-building expertise to grow global sales of the Fords Gin brand and to the knowledge and expertise of the organized workforce employed by the acquired business. We do not expect the goodwill to be deductible for tax purposes. The initial allocation of the purchase price was based on preliminary estimates and may be revised as the intangible asset valuations are finalized. The 86 Company has been included in our consolidated financial statements since the acquisition date. Actual and pro forma results are not presented due to immateriality.

Condensed Consolidated Financial Statements (Policies)

3 Months Ended

Jul. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

New Accounting Pronouncements, Policy [Policy Text Block]

As of May 1, 2019, we adopted the following Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board:

•

ASU 2016-02: Leases. This update, codified along with various amendments as Accounting Standards Codification Topic 842 (ASC 842), replaces previous lease accounting guidance. Under ASC 842, a lessee should recognize on its balance sheet a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. ASC 842 permits an entity to make an accounting policy election not to recognize lease assets and liabilities for leases with a term of 12 months or less. It also requires additional quantitative and qualitative disclosures about leasing arrangements.

We adopted ASC 842 using a modified retrospective transition approach for leases existing at the date of adoption. For the transition, we elected to use the package of practical expedients to not reassess (a) whether existing contracts are or contain leases, (b) the classification of existing leases, and (c) initial direct costs for existing leases. Upon adoption, we recorded lease liabilities and right-of-use assets of $54 million. The adoption did not have a material impact on our results of operations, stockholders’ equity, or cash flows. See Note 13 for additional information about our leases.

•

ASU 2018-02: Reclassification of Certain Effects from Accumulated Other Comprehensive Income (AOCI). This new guidance allows a reclassification from AOCI to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act enacted by the U.S. government in December 2017. We elected to make the reclassification, which increased retained earnings and decreased AOCI as of May 1, 2019, by $43 million.

Inventories (Policies)	3 Months Ended
Inventories (Policies)	Jul. 31, 2019
Inventory Disclosure [Abstract]
Inventory, Policy [Policy Text Block]	Inventories are valued at the lower of cost or market. Some of our consolidated inventories are valued using the last-in, first-out (LIFO) method, which we use for the majority of our U.S. inventories.

Derivative Financial Instruments and Hedging Activities (Policies)	3 Months Ended
	Jul. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Classification of Cash Flows Related to Cash Flow Hedges [Policy Text Block]	In our statements of cash flows, we classify cash flows related to cash flow hedges in the same category as the cash flows from the hedged items.
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 our balance sheets. Similarly, we present the fair values of noncurrent derivatives with the same counterparty on a net basis. We do not net current derivatives with noncurrent derivatives in our balance sheet

Leases (Policies)	3 Months Ended
Leases (Policies)	Jul. 31, 2019
Leases [Abstract]
Lessee, Leases [Policy Text Block]	Effective May 1, 2019, we updated our accounting policy for leases to reflect the adoption of ASC 842. Under ASC 842, we record lease liabilities and right-of-use (ROU) assets on our balance sheet for leases with terms exceeding 12 months. We do not record lease liabilities or ROU assets for short-term leases. The amounts recorded for lease liabilities and ROU assets are based on the estimated present value, as of the lease commencement date, of the future payments to be made over the lease term. We calculate the present value using our incremental borrowing rate that corresponds to the term of the lease. We include the effect of an option to renew or terminate a lease in the lease term when it is reasonably certain that we will exercise the option. Some of our leases contain non-lease components (e.g., maintenance or other services) in addition to lease components. For our land leases, we have elected the practical expedient not to separate the non-lease components from the lease components.

Earnings Per Share (Tables)

3 Months Ended

Jul. 31, 2019

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
	July 31,
(Dollars in millions, except per share amounts)	2018		2019
Net income available to common stockholders	$	200	$	186

Share data (in thousands):
Basic average common shares outstanding	480,964		477,369
Dilutive effect of stock-based awards	3,477		2,719
Diluted average common shares outstanding	484,441		480,088

Basic earnings per share	$	0.42	$	0.39
Diluted earnings per share	$	0.41	$	0.39

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Jul. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

The following table shows the changes in goodwill (which includes no accumulated impairment losses) and other intangible assets during the three months ended July 31, 2019:



(Dollars in millions)	Goodwill			Other Intangible Assets
Balance at April 30, 2019	$	753		$	645
Acquisition (Note 15)	11			12
Foreign currency translation adjustment	(10		)	(3		)
Balance at July 31, 2019	$	754		$	654

Debt (Tables)

3 Months Ended

Jul. 31, 2019

Short-term Debt [Line Items]

Schedule of Short-term Debt [Table Text Block]

Our short-term borrowings consist of:



(Dollars in millions)	April 30, 2019	July 31, 2019
Commercial paper	$150	$220
Average interest rate	2.60%	2.45%
Average remaining days to maturity	18	27

Schedule of Long-term Debt Instruments

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



(Principal and carrying amounts in millions)	April 30, 2019		July 31, 2019
2.25% senior notes, $250 principal amount, due January 15, 2023	$	249	$	249
3.50% senior notes, $300 principal amount, due April 15, 2025	297		297
1.20% senior notes, €300 principal amount, due July 7, 2026	333		332
2.60% senior notes, £300 principal amount, due July 7, 2028	383		361
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
	$	2,290	$	2,267

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Paragraph 1
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-Name Accounting Standards Codification
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-Section 55
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Stockholders' Equity (Tables)

3 Months Ended

Jul. 31, 2019

Stockholders' Equity Attributable to Parent [Abstract]

Schedule of Stockholders Equity [Table Text Block]

The following table shows the changes in stockholders’ equity during the three months ended July 31, 2019:



(Dollars in millions)	Class A Common Stock		Class B Common Stock		Additional Paid-in Capital			Retained Earnings			AOCI			Treasury Stock			Total
Balance at April 30, 2019	$	25	$	47	$	—		$	2,238		$	(363	)	$	(300	)	$	1,647
Adoption of ASU 2018-02 (Note 1)								43			(43		)				—
Net income								186									186
Net other comprehensive income (loss)											(1		)				(1		)
Declaration of cash dividends								(158		)							(158		)
Acquisition of treasury stock														(1		)	(1		)
Stock-based compensation expense					3												3
Stock issued under compensation plans														16			16
Loss on issuance of treasury stock issued under compensation plans					(2		)	(27		)							(29		)
Balance at July 31, 2019	$	25	$	47	$	1		$	2,282		$	(407	)	$	(285	)	$	1,663

The following table shows the changes in stockholders’ equity during the three months ended July 31, 2018:



(Dollars in millions)	Class A Common Stock		Class B Common Stock		Additional Paid-in Capital			Retained Earnings			AOCI			Treasury Stock			Total
Balance at April 30, 2018	$	25	$	47	$	4		$	1,730		$	(378	)	$	(112	)	$	1,316
Cumulative effect of changes in accounting standards								(5		)							(5		)
Net income								200									200
Net other comprehensive income (loss)											14						14
Declaration of cash dividends								(152		)							(152		)
Acquisition of treasury stock														(6		)	(6		)
Stock-based compensation expense					5												5
Stock issued under compensation plans														9			9
Loss on issuance of treasury stock issued under compensation plans					(7		)	(6		)							(13		)
Balance at July 31, 2018	$	25	$	47	$	2		$	1,767		$	(364	)	$	(109	)	$	1,368

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table shows the change in each component of AOCI, net of tax, during the three months ended July 31, 2019:



(Dollars in millions)	Currency Translation Adjustments			Cash Flow Hedge Adjustments			Postretirement Benefits Adjustments			Total AOCI
Balance at April 30, 2019	$	(207	)	$	31		$	(187	)	$	(363	)
Adoption of ASU 2018-02 (Note 1)	(1		)	(1		)	(41		)	(43		)
Net other comprehensive income (loss)	(13		)	9			3			(1		)
Balance at July 31, 2019	$	(221	)	$	39		$	(225	)	$	(407	)

Dividends Declared [Table Text Block]

The following table shows the cash dividends declared per share on our Class A and Class B common stock during the three months ended July 31, 2019:



Declaration Date	Record Date	Payable Date	Amount per Share
May 23, 2019	June 6, 2019	July 1, 2019	$0.166
July 25, 2019	September 6, 2019	October 1, 2019	$0.166

Net Sales (Tables)

3 Months Ended

Jul. 31, 2019

Net Sales [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table shows our net sales by geography:



	Three Months Ended
	July 31,
(Dollars in millions)	2018		2019
United States	$	354	$	374
Developed International¹	215		205
Emerging²	131		133
Travel Retail³	38		32
Non-branded and bulk⁴	28		22
Total	$	766	$	766

The following table shows our net sales by product category:



	Three Months Ended
	July 31,
(Dollars in millions)	2018		2019
Whiskey¹	$	597	$	600
Tequila²	62		68
Vodka³	28		26
Wine⁴	40		39
Rest of portfolio	11		11
Non-branded and bulk⁵	28		22
Total	$	766	$	766

Pension and Other Postretirement Benefits (Tables)

3 Months Ended

Jul. 31, 2019

Retirement Benefits [Abstract]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

The following table shows the components of the net cost of pension and other postretirement benefits recognized for our U.S. benefit plans. Information about similar international plans is not presented due to immateriality.



	Three Months Ended
	July 31,
(Dollars in millions)	2018			2019
Pension Benefits:
Service cost	$	6		$	6
Interest cost	9			8
Expected return on plan assets	(12		)	(12		)
Amortization of net actuarial loss	5			5
Net cost	$	8		$	7

Other Postretirement Benefits:
Interest cost	$	1		$	1
Amortization of prior service cost (credit)	(1		)	(1		)
Net cost	$	—		$	—

Derivative Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Jul. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss) [Table Text Block]

The following table presents the pre-tax impact that changes in the fair value of our derivative instruments and non-derivative hedging instruments had on AOCI and earnings:



		Three Months Ended
		July 31,
(Dollars in millions)	Classification	2018			2019
Currency derivatives designated as cash flow hedges:
Net gain (loss) recognized in AOCI	n/a	$	27		$	15
Net gain (loss) reclassified from AOCI into earnings	Sales	(2		)	4
Currency derivatives not designated as hedging instruments:
Net gain (loss) recognized in earnings	Sales	$	3		$	—
Net gain (loss) recognized in earnings	Other income (expense), net	3			1
Foreign currency-denominated debt designated as net investment hedge:
Net gain (loss) recognized in AOCI	n/a	$	28		$	23

Total amounts presented in the accompanying consolidated statements of operations for line items affected by the net gains (losses) shown above:
Sales		$	987		$	978
Other income (expense), net		7			6

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:



		April 30, 2019					July 31, 2019
(Dollars in millions)	Classification	Derivative Assets		Derivative Liabilities			Derivative Assets		Derivative Liabilities
Designated as cash flow hedges:
Currency derivatives	Other current assets	$	21	$	(2	)	$	30	$	(2	)
Currency derivatives	Other assets	22		(1		)	27		—
Currency derivatives	Accrued expenses	—		(5		)	—		(6		)
Currency derivatives	Other liabilities	—		(1		)	—		(2		)

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, 2019
Derivative assets	$	43		$	(3	)	$	40		$	—	$	40
Derivative liabilities	(9		)	3			(6		)	—		(6		)
July 31, 2019
Derivative assets	57			(2		)	55			—		55
Derivative liabilities	(10		)	2			(8		)	—		(8		)

Fair Value Measurements (Tables)

3 Months Ended

Jul. 31, 2019

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:



	April 30, 2019				July 31, 2019
	Carrying		Fair		Carrying		Fair
(Dollars in millions)	Amount		Value		Amount		Value
Assets
Cash and cash equivalents	$	307	$	307	$	307	$	307
Currency derivatives	40		40		55		55
Liabilities
Currency derivatives	6		6		8		8
Short-term borrowings	150		150		220		220
Long-term debt	2,290		2,399		2,267		2,501

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

Other Comprehensive Income (Tables)

3 Months Ended

Jul. 31, 2019

Statement of Comprehensive Income [Abstract]

Comprehensive Income (Loss) [Table Text Block]

The following table shows the components of net other comprehensive income (loss):



	Three Months Ended									Three Months Ended
	July 31, 2018									July 31, 2019
(Dollars in millions)	Pre-Tax			Tax			Net			Pre-Tax			Tax			Net
Currency translation adjustments:
Net gain (loss) on currency translation	$	(5	)	$	(7	)	$	(12	)	$	(8	)	$	(5	)	$	(13	)
Reclassification to earnings	—			—			—			—			—			—
Other comprehensive income (loss), net	(5		)	(7		)	(12		)	(8		)	(5		)	(13		)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	27			(6		)	21			15			(3		)	12
Reclassification to earnings¹	2			—			2			(4		)	1			(3		)
Other comprehensive income (loss), net	29			(6		)	23			11			(2		)	9
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	—			—			—			—			—			—
Reclassification to earnings²	4			(1		)	3			4			(1		)	3
Other comprehensive income (loss), net	4			(1		)	3			4			(1		)	3

Total other comprehensive income (loss), net	$	28		$	(14	)	$	14		$	7		$	(8	)	$	(1	)

¹Pre-tax amount is classified as sales in the accompanying condensed consolidated statements of operations.

²Pre-tax amount is classified as non-operating postretirement expense in the accompanying condensed consolidated statements of operations.

Condensed Consolidated Financial Statements (Details) - USD ($) $ in Millions	May 01, 2019	Jul. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Liability		$ 50
Operating Lease, Right-of-Use Asset		$ 50
Tax Cuts and Jobs Act, Reclassification from AOCI to Retained Earnings, Tax Effect	$ 43
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Liability	54
Operating Lease, Right-of-Use Asset	54
Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Tax Cuts and Jobs Act, Reclassification from AOCI to Retained Earnings, Tax Effect	$ 43

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Basic and diluted earnings per share
Net income available to common stockholders	$ 186	$ 200
Share data (in thousands):
Basic average common shares outstanding	477,369	480,964
Dilutive effect of stock-based awards	2,719	3,477
Diluted average common shares outstanding	480,088	484,441
Basic earnings per share (dollars per share)	$ 0.39	$ 0.42
Diluted earnings per share (dollars per share)	$ 0.39	$ 0.41

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

Earnings Per Share (Details Textual) - shares shares in Thousands	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Earnings Per Share (Textual) [Abstract]
Common stock-based awards excluded from the calculation of diluted earnings per share	362	100

Inventories (Details) - USD ($) $ in Millions	Jul. 31, 2019	Apr. 30, 2019
Inventories (Textual) [Abstract]
Excess of current costs over stated LIFO value	$ 306	$ 303

Goodwill and Other Intangible Assets (Details) $ in Millions	3 Months Ended
	Jul. 31, 2019 USD ($)
Goodwill [Roll Forward]
Balance at April 30, 2019	$ 753
Acquisition (Note 15)	11
Foreign currency translation adjustment	(10)
Balance at July 31, 2019	754
Indefinite-lived Intangible Assets [Roll Forward]
Balance at April 30, 2019	645
Acquisition (Note 15)	12
Foreign currency translation adjustment	(3)
Balance at July 31, 2019	$ 654

Commitments and Contingencies (Details) - USD ($) $ in Millions	Jul. 31, 2019	Apr. 30, 2019
Concentration Risk [Line Items]
Accounts Receivable, after Allowance for Credit Loss, Current	$ 626	$ 609
Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Guaranty exposure, maximum	10
Guaranty exposure, current	5
Accounts Receivable, after Allowance for Credit Loss, Current	$ 8

Debt (Details) € in Millions, £ in Millions, $ in Millions	3 Months Ended	12 Months Ended
Debt (Details) € in Millions, £ in Millions, $ in Millions	Jul. 31, 2019 EUR (€)	Apr. 30, 2019 EUR (€)	Jul. 31, 2019 GBP (£)	Jul. 31, 2019 USD ($)	Apr. 30, 2019 GBP (£)	Apr. 30, 2019 USD ($)
Debt Instrument [Line Items]
Long-term debt, including current portion				$ 2,267		$ 2,290
Long-term debt				2,267		2,290
2.25% notes, due January 15, 2023 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount				$ 250		$ 250
Debt Instrument, Maturity Date	Jan. 15, 2023	Jan. 15, 2023
Debt Instrument, Interest Rate, Stated Percentage	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%
Long-term debt, including current portion				$ 249		$ 249
3.50% senior notes, due April 15, 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount				$ 300		$ 300
Debt Instrument, Maturity Date	Apr. 15, 2025	Apr. 15, 2025
Debt Instrument, Interest Rate, Stated Percentage	3.50%	3.50%	3.50%	3.50%	3.50%	3.50%
Long-term debt, including current portion				$ 297		$ 297
1.20% notes, due July 7, 2026 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount \| €	€ 300	€ 300
Debt Instrument, Maturity Date	Jul. 07, 2026	Jul. 07, 2026
Debt Instrument, Interest Rate, Stated Percentage	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%
Long-term debt, including current portion				$ 332		$ 333
2.60% notes, due July 7, 2028 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount \| £			£ 300		£ 300
Debt Instrument, Maturity Date	Jul. 07, 2028	Jul. 07, 2028
Debt Instrument, Interest Rate, Stated Percentage	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%
Long-term debt, including current portion				$ 361		$ 383
4.00% senior notes, due April 15, 2038 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount				$ 300		$ 300
Debt Instrument, Maturity Date	Apr. 15, 2038	Apr. 15, 2038
Debt Instrument, Interest Rate, Stated Percentage	4.00%	4.00%	4.00%	4.00%	4.00%	4.00%
Long-term debt, including current portion				$ 293		$ 293
3.75% notes, due January 15, 2043 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount				$ 250		$ 250
Debt Instrument, Maturity Date	Jan. 15, 2043	Jan. 15, 2043
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%	3.75%	3.75%	3.75%	3.75%
Long-term debt, including current portion				$ 248		$ 248
4.50% notes, due July 15, 2045 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount				$ 500		$ 500
Debt Instrument, Maturity Date	Jul. 15, 2045	Jul. 15, 2045
Debt Instrument, Interest Rate, Stated Percentage	4.50%	4.50%	4.50%	4.50%	4.50%	4.50%
Long-term debt, including current portion				$ 487		$ 487

Debt Short-term Borrowings (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jul. 31, 2019	Apr. 30, 2019
Short-term Debt [Abstract]
Commercial Paper	$ 220	$ 150
Commercial Paper, Weighted Average Interest Rate, at Point in Time	2.45%	2.60%
Commercial Paper Borrowings, Average Remaining Maturity	27 days	18 days

Stockholders' Equity (Details) - USD ($) $ in Millions		3 Months Ended
Stockholders' Equity (Details) - USD ($) $ in Millions	May 01, 2019	Jul. 31, 2019	Jul. 31, 2018	May 01, 2018
Beginning balance	$ 1,647	$ 1,647	$ 1,316
Cumulative effect of changes in accounting standards				$ (5)
Adoption of ASU 2018-02 (Note 1)	(43)
Net income		186	200
Net other comprehensive income (loss)		(1)	14
Declaration of cash dividends		(158)	(152)
Acquisition of treasury stock		(1)	(6)
Stock-based compensation expense		3	5
Stock issued under compensation plans		16	9
Loss on issuance of treasury stock issued under compensation plans		(29)	(13)
Ending balance		1,663	1,368
Additional Paid-in Capital [Member]
Beginning balance	0	0	4
Stock-based compensation expense		3	5
Loss on issuance of treasury stock issued under compensation plans		(2)	(7)
Ending balance		1	2
Retained Earnings [Member]
Beginning balance	2,238	2,238	1,730
Cumulative effect of changes in accounting standards				$ (5)
Adoption of ASU 2018-02 (Note 1)	43
Net income		186	200
Declaration of cash dividends		(158)	(152)
Loss on issuance of treasury stock issued under compensation plans		(27)	(6)
Ending balance		2,282	1,767
AOCI Attributable to Parent [Member]
Beginning balance	(363)	(363)	(378)
Adoption of ASU 2018-02 (Note 1)	(43)
Net other comprehensive income (loss)		(1)	14
Ending balance		(407)	(364)
Treasury Stock, Common [Member]
Beginning balance	(300)	(300)	(112)
Acquisition of treasury stock		(1)	(6)
Stock issued under compensation plans		16	9
Ending balance		(285)	(109)
Common stock, Class A, voting [Member] \| Common Stock [Member]
Beginning balance	25	25	25
Ending balance		25	25
Common stock, Class B, nonvoting [Member] \| Common Stock [Member]
Beginning balance	$ 47	47	47
Ending balance		$ 47	$ 47

Stockholders' Equity Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions		3 Months Ended
	May 01, 2019	Jul. 31, 2019	Jul. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (363)	$ (363)
Adoption of ASU 2018-02 (Note 1)	(43)
Net other comprehensive income (loss)		(1)	$ 14
Ending balance		(407)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(207)	(207)
Adoption of ASU 2018-02 (Note 1)	(1)
Net other comprehensive income (loss)		(13)	(12)
Ending balance		(221)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	31	31
Adoption of ASU 2018-02 (Note 1)	(1)
Net other comprehensive income (loss)		9	23
Ending balance		39
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(187)	(187)
Adoption of ASU 2018-02 (Note 1)	(41)
Net other comprehensive income (loss)		3	3
Ending balance		(225)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Adoption of ASU 2018-02 (Note 1)	$ (43)
Net other comprehensive income (loss)		$ (1)	$ 14

Stockholders' Equity Dividends (Details)	3 Months Ended
Stockholders' Equity Dividends (Details)	Jul. 31, 2019 $ / shares
July 2019 dividend payment [Member]
Class of Stock [Line Items]
Dividends Payable, Date Declared, Month and Year	May 23, 2019
Dividends Payable, Date of Record	Jun. 06, 2019
Dividends Payable, Date to be Paid	Jul. 01, 2019
Common Stock, Dividends, Per Share, Declared	$ 0.166
October 2019 dividend payment [Member]
Class of Stock [Line Items]
Dividends Payable, Date Declared, Month and Year	Jul. 25, 2019
Dividends Payable, Date of Record	Sep. 06, 2019
Dividends Payable, Date to be Paid	Oct. 01, 2019
Common Stock, Dividends, Per Share, Declared	$ 0.166

Net Sales by Geography (Details) - USD ($)
$ in Millions

3 Months Ended

Jul. 31, 2019

Jul. 31, 2018

Disaggregation of Revenue [Line Items]

Net sales

$ 766

United States [Member]

Disaggregation of Revenue [Line Items]

Net sales

374

354

Developed International [Member]

Disaggregation of Revenue [Line Items]

Net sales

^[1]

205

215

Emerging [Member]

Disaggregation of Revenue [Line Items]

Net sales

^[2]

133

131

Travel Retail [Member]

Disaggregation of Revenue [Line Items]

Net sales

^[3]

32

38

Non-branded and bulk [Member]

Disaggregation of Revenue [Line Items]

Net sales

^[4]

$ 22

$ 28

[1]	Represents net sales of branded products to “advanced economies” as defined by the International Monetary Fund (IMF), excluding the United States. Our largest developed international markets are the United Kingdom, Australia, Germany, France, and Japan.
[2]	Represents net sales of branded products to “emerging and developing economies” as defined by the IMF. Our largest emerging markets are Mexico, Poland, Russia, and Brazil.
[3]	Represents net sales of branded products to global duty-free customers, other travel retail customers, and the U.S. military regardless of customer location.
[4]	Includes net sales of used barrels, bulk whiskey and wine, and contract bottling regardless of customer location.

Net Sales by Product Category (Details) - USD ($)
$ in Millions

3 Months Ended

Jul. 31, 2019

Jul. 31, 2018

Disaggregation of Revenue [Line Items]

Net sales

$ 766

Whiskey [Member]

Disaggregation of Revenue [Line Items]

Net sales

^[1]

600

597

Tequila [Member]

Disaggregation of Revenue [Line Items]

Net sales

^[2]

68

62

Vodka [Member]

Disaggregation of Revenue [Line Items]

Net sales

^[3]

26

28

Wine [Member]

Disaggregation of Revenue [Line Items]

Net sales

^[4]

39

40

Rest of portfolio [Member]

Disaggregation of Revenue [Line Items]

Net sales

11

Non-branded and bulk [Member]

Disaggregation of Revenue [Line Items]

Net sales

^[5]

$ 22

$ 28

[1]	Includes all whiskey spirits and whiskey-based flavored liqueurs, ready-to-drink, and ready-to-pour products. The brands included in this category are the Jack Daniel's family of brands, Woodford Reserve, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Old Forester, Early Times, Slane Irish Whiskey, and Coopers’ Craft.
[2]	Includes el Jimador, Herradura, New Mix, Pepe Lopez, and Antiguo.
[3]	Includes Finlandia.
[4]	Includes Korbel Champagne and Sonoma-Cutrer wines.
[5]	Includes net sales of used barrels, bulk whiskey and wine, and contract bottling regardless of customer location.

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Sponsor Location [Extensible List]	country:US	country:US
Service cost	$ 6	$ 6
Interest cost	8	9
Expected return on plan assets	(12)	(12)
Amortization of:
Net actuarial loss	5	5
Net cost	$ 7	$ 8
Other Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Sponsor Location [Extensible List]	country:US	country:US
Interest cost	$ 1	$ 1
Amortization of:
Prior service cost (credit)	(1)	(1)
Net cost	$ 0	$ 0

Income Taxes (Details)	3 Months Ended	12 Months Ended
Income Taxes (Details)	Jul. 31, 2019	Apr. 30, 2020
Effective Income Tax Rate Reconciliation, Percent	18.20%
Forecast [Member]
Expected Tax Rate on Ordinary Income		21.00%

Derivative Financial Instruments and Hedging Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Total amounts presented in the accompanying consolidated statements of operations for line items affected by the net gains (losses) shown above: [Abstract]
Sales	$ 978	$ 987
Other income (expense), net	6	7
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Currency derivatives [Member]
Derivative Instruments [Abstract]
Net gain (loss) recognized in AOCI	15	27
Sales [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Currency derivatives [Member]
Derivative Instruments [Abstract]
Net gain (loss) reclassified from AOCI into earnings	4	(2)
Sales [Member] \| Not Designated as Hedging Instrument [Member] \| Currency derivatives [Member]
Derivative Instruments [Abstract]
Net gain (loss) recognized in earnings	0	3
Other Income [Member] \| Not Designated as Hedging Instrument [Member] \| Currency derivatives [Member]
Derivative Instruments [Abstract]
Net gain (loss) recognized in earnings	1	3
Foreign Currency Denominated Debt [Member] \| Designated as Hedging Instrument [Member] \| Net Investment Hedging [Member]
Non-Derivative Hedging Instruments [Abstract]
Net gain (loss) recognized in AOCI	$ 23	$ 28

Derivative Financial Instruments and Hedging Activities (Details 1) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2019	Apr. 30, 2019
Fair values of derivative instruments
Derivative Asset, Fair Value, Gross Asset	$ 57	$ 43
Derivative Liability, Fair Value, Gross Liability	$ 10	9
Document Period End Date	Jul. 31, 2019
Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Current Assets [Member]
Fair values of derivative instruments
Derivative Asset, Fair Value, Gross Asset		21
Derivative Liability, Fair Value, Gross Liability		(2)
Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Assets [Member]
Fair values of derivative instruments
Derivative Asset, Fair Value, Gross Asset		22
Derivative Liability, Fair Value, Gross Liability		(1)
Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Accrued Expenses [Member]
Fair values of derivative instruments
Derivative Asset, Fair Value, Gross Asset		0
Derivative Liability, Fair Value, Gross Liability		(5)
Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Liabilities [Member]
Fair values of derivative instruments
Derivative Asset, Fair Value, Gross Asset		0
Derivative Liability, Fair Value, Gross Liability		$ (1)
Fair value of derivatives in a gain position [Member] \| Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Current Assets [Member]
Fair values of derivative instruments
Derivative Asset, Fair Value, Gross Asset	$ 30
Fair value of derivatives in a gain position [Member] \| Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Assets [Member]
Fair values of derivative instruments
Derivative Asset, Fair Value, Gross Asset	27
Fair value of derivatives in a gain position [Member] \| Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Accrued Expenses [Member]
Fair values of derivative instruments
Derivative Asset, Fair Value, Gross Asset	0
Fair value of derivatives in a gain position [Member] \| Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Liabilities [Member]
Fair values of derivative instruments
Derivative Asset, Fair Value, Gross Asset	0
Fair value of derivatives in a loss position [Member] \| Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Current Assets [Member]
Fair values of derivative instruments
Derivative Liability, Fair Value, Gross Liability	(2)
Fair value of derivatives in a loss position [Member] \| Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Assets [Member]
Fair values of derivative instruments
Derivative Liability, Fair Value, Gross Liability	0
Fair value of derivatives in a loss position [Member] \| Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Accrued Expenses [Member]
Fair values of derivative instruments
Derivative Liability, Fair Value, Gross Liability	(6)
Fair value of derivatives in a loss position [Member] \| Currency derivatives [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member] \| Other Liabilities [Member]
Fair values of derivative instruments
Derivative Liability, Fair Value, Gross Liability	$ (2)

Derivative Financial Instruments and Hedging Activities (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2019	Apr. 30, 2019
Derivative Financial Instruments (Textual) [Abstract]
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	$ 23
Maximum term of outstanding derivative contracts	36 months
Aggregate fair value of derivatives with creditworthiness requirements that were in a net liability position	$ 8	$ 6
Designated as Hedging Instrument [Member] \| Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Debt Instrument, Face Amount	609
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	$ 1,215	$ 1,241

Offsetting Derivative Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2019	Apr. 30, 2019
Offsetting Assets and Liabilities [Line Items]
Gross Amount of Derivative Assets	$ 57	$ 43
Gross Amount of Derivative Liabilities Offset Against Derivative Assets in Balance Sheet	(2)	(3)
Net Amount of Derivative Assets Presented in Balance Sheet	55	40
Gross Amount of Derivative Liabilities Not Offset Against Derivative Assets in Balance Sheet	0	0
Net Amount of Derivative Assets	55	40
Gross Amount of Derivative Liabilities	(10)	(9)
Gross Amount of Derivative Assets Offset Against Derivative Liabilities in Balance Sheet	2	3
Net Amount of Derivative Liabilities Presented in Balance Sheet	8	6
Gross Amount of Derivative Assets Not Offset Against Derivative Liabilities in Balance Sheet	0	0
Net Amount of Derivative Liabilities	$ 8	$ 6
Document Period End Date	Jul. 31, 2019

Fair Value Measurements (Details) - USD ($) $ in Millions	Jul. 31, 2019	Apr. 30, 2019	Jul. 31, 2018	Apr. 30, 2018
Assets:
Cash and cash equivalents, Carrying Amount	$ 307	$ 307	$ 211	$ 239
Cash and cash equivalents, Fair Value	307	307
Liabilities:
Short-term borrowings, Carrying Amount	220	150
Short-term borrowings, Fair Value	220	150
Long-term debt, Carrying Amount	2,267	2,290
Fair Value, Inputs, Level 2 [Member]
Assets:
Currency derivatives, Fair Value	55	40
Liabilities:
Currency derivatives, Fair Value	8	6
Long-term debt, Fair Value	2,501	2,399
Foreign Exchange Contract [Member]
Assets:
Currency derivatives, Carrying Amount	55	40
Liabilities:
Currency derivatives, Carrying Amount	$ 8	$ 6

Leases ROU Assets and Liabilities (Details) $ in Millions	Jul. 31, 2019 USD ($)
Leases [Abstract]
Right-of-use assets	$ 50
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent
Lease Liabilities:
Current	$ 17
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:AccountsPayableAndOtherAccruedLiabilitiesCurrent
Non-current	$ 33
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent
Total	$ 50

Lease Cost and Other Information (Details)
$ in Millions

3 Months Ended

Jul. 31, 2019

USD ($)

Leases [Abstract]

Total lease cost

$ 5

^[1]

Cash paid for amounts included in the measurement of lease liabilities

5

^[2]

Right-of-use assets obtained in exchange for new lease liabilities

$ 3

[1]	Consists primarily of operating lease cost. Other components of lease cost were not material.
[2]	Classified within operating activities in the accompanying consolidated statement of cash flows.

Future Operating Lease Payments (Details) $ in Millions	Jul. 31, 2019 USD ($)
Leases [Abstract]
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	2.90%
Weighted-average remaining term	4 years

Future Operating Lease Payments Under ASC 840 (Details) $ in Millions	Apr. 30, 2019 USD ($)
Leases [Abstract]
Fiscal 2020	$ 23
Fiscal 2021	16
Fiscal 2022	10
Fiscal 2023	5
Fiscal 2024	3
Thereafter	2
Total lease payments	$ 59

Other Comprehensive Income (Details) - USD ($)
$ in Millions

3 Months Ended

Jul. 31, 2019

Jul. 31, 2018

Before Tax:

Net other comprehensive income (loss)

$ 7

$ 28

Tax Effect:

Net other comprehensive income (loss)

(8)

(14)

Net of Tax:

Net other comprehensive income (loss)

(1)

14

Accumulated Foreign Currency Adjustment Attributable to Parent [Member]

Before Tax:

Net gain (loss)

(8)

(5)

Reclassification to earnings

0

Net other comprehensive income (loss)

(8)

(5)

Tax Effect:

Net gain (loss)

(5)

(7)

Reclassification to earnings

0

Net other comprehensive income (loss)

(5)

(7)

Net of Tax:

Net gain (loss)

(13)

(12)

Reclassification to earnings

0

Net other comprehensive income (loss)

(13)

(12)

Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]

Before Tax:

Net gain (loss)

15

27

Reclassification to earnings

^[1]

(4)

2

Net other comprehensive income (loss)

11

29

Tax Effect:

Net gain (loss)

(3)

(6)

Reclassification to earnings

^[1]

1

0

Net other comprehensive income (loss)

(2)

(6)

Net of Tax:

Net gain (loss)

12

21

Reclassification to earnings

^[1]

(3)

2

Net other comprehensive income (loss)

9

23

Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]

Before Tax:

Net gain (loss)

0

Reclassification to earnings

^[2]

4

Net other comprehensive income (loss)

4

Tax Effect:

Net gain (loss)

0

Reclassification to earnings

^[2]

(1)

Net other comprehensive income (loss)

(1)

Net of Tax:

Net gain (loss)

0

Reclassification to earnings

^[2]

3

Net other comprehensive income (loss)

$ 3

[1]	Pre-tax amount is classified as sales in the accompanying condensed consolidated statements of operations.
[2]	Pre-tax amount is classified as non-operating postretirement expense in the accompanying condensed consolidated statements of operations.

Acquisition of Business (Details) - USD ($) $ in Millions	Jul. 03, 2019	Jul. 31, 2019	Apr. 30, 2019
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Goodwill		$ 754	$ 753
The 86 Company [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 22
Goodwill	11
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	12
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	$ 1