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Accumulated Other Comprehensive Income
3 Months Ended
Jul. 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 July 31, 2014 and 2015:
 
Currency Translation Adjustments
 
Cash Flow Hedge Adjustments
 
Postretirement Benefits Adjustments
 
Total AOCI
 
 
 
 
 
 
 
 
Balance at April 30, 2014
$
6

 
$
(4
)
 
$
(190
)
 
$
(188
)
Net other comprehensive income (loss)
(16
)
 
5

 
4

 
(7
)
Balance at July 31, 2014
$
(10
)
 
$
1

 
$
(186
)
 
$
(195
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at April 30, 2015
$
(108
)
 
$
28

 
$
(220
)
 
$
(300
)
Net other comprehensive income (loss)
(24
)
 
16

 
4

 
(4
)
Balance at July 31, 2015
$
(132
)
 
$
44

 
$
(216
)
 
$
(304
)

The following table presents the components of net other comprehensive income (loss) during the three months ended July 31, 2014 and 2015:
 
Pre-Tax
 
Tax
 
Net
Three Months Ended July 31, 2014
 
 
 
 
 
Currency translation adjustments
$
(16
)
 
$

 
$
(16
)
Cash flow hedge adjustments:
 
 
 
 
 
Net gain (loss) on hedging instruments
5

 
(1
)
 
4

Reclassification to earnings1
2

 
(1
)
 
1

Postretirement benefits adjustments:
 
 
 
 
 
Net actuarial gain (loss) and prior service cost

 

 

Reclassification to earnings2
6

 
(2
)
 
4

Net other comprehensive income (loss)
$
(3
)
 
$
(4
)
 
$
(7
)
 
 
 
 
 
 
Three Months Ended July 31, 2015
 
 
 
 
 
Currency translation adjustments
$
(23
)
 
$
(1
)
 
$
(24
)
Cash flow hedge adjustments:
 
 
 
 
 
Net gain (loss) on hedging instruments
37

 
(12
)
 
25

Reclassification to earnings1
(13
)
 
4

 
(9
)
Postretirement benefits adjustments:
 
 
 
 
 
Net actuarial gain (loss) and prior service cost

 

 

Reclassification to earnings2
7

 
(3
)
 
4

Net other comprehensive income (loss)
$
8

 
$
(12
)
 
$
(4
)
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 7).