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Stockholders' Equity
3 Months Ended
Jul. 31, 2017
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Stockholders’ Equity
The following table summarizes the changes in stockholders’ equity during the three months ended July 31, 2017:
(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, 2017
$
25

 
$
43

 
$
65

 
$
4,470

 
$
(390
)
 
$
(2,843
)
 
$
1,370

Retirement of treasury stock
 
 
(10
)
 
(8
)
 
(2,684
)
 
 
 
2,702

 

Net income
 
 
 
 
 
 
178

 
 
 
 
 
178

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
14

 
 
 
14

Cash dividends
 
 
 
 
 
 
(140
)
 
 
 
 
 
(140
)
Acquisition of treasury stock
 
 
 
 
 
 
 
 
 
 
(1
)
 
(1
)
Stock-based compensation expense
 
 
 
 
4

 
 
 
 
 
 
 
4

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
9

 
9

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(14
)
 

 
 
 
 
 
(14
)
Balance at July 31, 2017
$
25

 
$
33

 
$
47

 
$
1,824

 
$
(376
)
 
$
(133
)
 
$
1,420



Retirement of Treasury Stock. On May 24, 2017, we retired 67,000,000 shares of Class B common stock previously held as treasury shares. This retirement reduced the number of issued shares of Class B common stock by that same amount.

Dividends. The following table summarizes the cash dividends declared per share on our Class A and Class B common stock during the three months ended July 31, 2017:
Declaration Date
 
Record Date
 
Payable Date
 
Amount per Share
May 24, 2017
 
June 5, 2017
 
July 3, 2017
 
$0.1825
July 27, 2017
 
September 7, 2017
 
October 2, 2017
 
$0.1825


Accumulated Other Comprehensive Income. The following table summarizes the changes in each component of AOCI, net of tax, during the three months ended July 31, 2017:
(Dollars in millions)
Currency Translation Adjustments
 
Cash Flow Hedge Adjustments
 
Postretirement Benefits Adjustments
 
Total AOCI
Balance at April 30, 2017
$
(204
)
 
$
11

 
$
(197
)
 
$
(390
)
Net other comprehensive income (loss)
34

 
(23
)
 
3

 
14

Balance at July 31, 2017
$
(170
)
 
$
(12
)
 
$
(194
)
 
$
(376
)