XML 31 R29.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stockholders' Equity (Tables)
 9 Months Ended
Jan. 31, 2020
Stockholders' Equity Attributable to Parent [Abstract]  
Schedule of Stockholders Equity [Table Text Block]
The following table shows the changes in stockholders’ equity by quarter during the nine months ended January 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, 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

Net income
 
 
 
 
 
 
249

 
 
 
 
 
249

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
(1
)
 
 
 
(1
)
Acquisition of treasury stock
 
 
 
 
 
 
 
 
 
 
(122
)
 
(122
)
Stock-based compensation expense
 
 
 
 
4

 
 
 
 
 
 
 
4

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
1

 
1

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(2
)
 
 
 
 
 
 
 
(2
)
Balance at October 31, 2018
25

 
47

 
4

 
2,016

 
(365
)
 
(230
)
 
1,497

Net income
 
 
 
 
 
 
227

 
 
 
 
 
227

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
5

 
 
 
5

Declaration of cash dividends
 
 
 
 
 
 
(158
)
 
 
 
 
 
(158
)
Acquisition of treasury stock
 
 
 
 
 
 
 
 
 
 
(78
)
 
(78
)
Stock-based compensation expense
 
 
 
 
3

 
 
 
 
 
 
 
3

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
1

 
1

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(4
)
 
 
 
 
 
 
 
(4
)
Balance at January 31, 2019
$
25

 
$
47

 
$
3

 
$
2,085

 
$
(360
)
 
$
(307
)
 
$
1,493



The following table shows the changes in stockholders’ equity by quarter during the nine months ended January 31, 2020:
(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

Net income
 
 
 
 
 
 
282

 
 
 
 
 
282

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
7

 
 
 
7

Stock-based compensation expense
 
 
 
 
3

 
 
 
 
 
 
 
3

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
11

 
11

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(4
)
 
(20
)
 
 
 
 
 
(24
)
Balance at October 31, 2019
25

 
47

 
—

 
2,544

 
(400
)
 
(274
)
 
1,942

Net income
 
 
 
 
 
 
231

 
 
 
 
 
231

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
8

 
 
 
8

Declaration of cash dividends
 
 
 
 
 
 
(167
)
 
 
 
 
 
(167
)
Stock-based compensation expense
 
 
 
 
2

 
 
 
 
 
 
 
2

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
11

 
11

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(2
)
 
(20
)
 
 
 
 
 
(22
)
Balance at January 31, 2020
$
25

 
$
47

 
$
—

 
$
2,588

 
$
(392
)
 
$
(263
)
 
$
2,005
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 nine months ended January 31, 2020:
(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)
3

 
1

 
10

 
14

Balance at January 31, 2020
$
(205
)
 
$
31

 
$
(218
)
 
$
(392
)
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 nine months ended January 31, 2020:
Declaration Date
 
Record Date
 
Payable Date
 
Amount per Share
May 23, 2019
 
June 6, 2019
 
July 1, 2019
 
$0.1660
July 25, 2019
 
September 6, 2019
 
October 1, 2019
 
$0.1660
November 21, 2019
 
December 5, 2019
 
January 2, 2020
 
$0.1743
January 28, 2020
 
March 9, 2020
 
April 1, 2020
 
$0.1743