Other Comprehensive Income

12 Months Ended

Apr. 30, 2022

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Other Comprehensive Income

Other Comprehensive Income

The following table presents the components of net other comprehensive income (loss) during each of the last three years:

	Pre-Tax		Tax		Net
Year Ended April 30, 2020
Currency translation adjustments:
Net gain (loss) on currency translation	$	(88)	$	(6)	$	(94)
Reclassification to earnings	—		—		—
Other comprehensive income (loss), net	(88)		(6)		(94)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	61		(14)		47
Reclassification to earnings1	(23)		6		(17)
Other comprehensive income (loss), net	38		(8)		30
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	(119)		28		(91)
Reclassification to earnings2	18		(4)		14
Other comprehensive income (loss), net	(101)		24		(77)
Total other comprehensive income (loss), net	$	(151)	$	10	$	(141)
Year Ended April 30, 2021
Currency translation adjustments:
Net gain (loss) on currency translation	$	106	$	17	$	123
Reclassification to earnings	—		—		—
Other comprehensive income (loss), net	106		17		123
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	(78)		17		(61)
Reclassification to earnings1	(21)		6		(15)
Other comprehensive income (loss), net	(99)		23		(76)
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	71		(16)		55
Reclassification to earnings2	30		(7)		23
Other comprehensive income (loss), net	101		(23)		78
Total other comprehensive income (loss), net	$	108	$	17	$	125
Year Ended April 30, 2022
Currency translation adjustments:
Net gain (loss) on currency translation	$	(42)	$	(18)	$	(60)
Reclassification to earnings	—		—		—
Other comprehensive income (loss), net	(42)		(18)		(60)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	76		(17)		59
Reclassification to earnings1	(7)		1		(6)
Other comprehensive income (loss), net	69		(16)		53
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	67		(16)		51
Reclassification to earnings2	34		(8)		26
Other comprehensive income (loss), net	101		(24)		77
Total other comprehensive income (loss), net	$	128	$	(58)	$	70

1For 2022, $(2) of the pre-tax amount of $(7) is classified in other income in the accompanying consolidated statements of operations. Otherwise, the pre-tax amount for each year is classified as sales.

2For 2021, $4 of the pre-tax amount of $30 is classified in gain on sale of business in the accompanying consolidated statements of operations. Otherwise, the pre-tax amount for each year is classified as non-operating postretirement expense.