Acquisitions (Tables)

9 Months Ended

Jan. 31, 2023

Business Acquisition [Line Items]

Business Combination, Separately Recognized Transactions

The following table shows the classification of the transaction expenses in the accompanying consolidated statements of operations.

(Dollars in millions)	Three Months Ended January 31, 2023		Nine Months Ended January 31, 2023
Selling, general, and administrative expenses	$	3	$	8
Other expense (income), net	42		42
Total transaction expenses	$	45	$	50

Gin Mare

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

We preliminarily allocated the purchase price based on management’s estimates and independent valuations as follows:

(Dollars in millions)	Initial Allocation
Trademarks and brand names (indefinite-lived)	$	308
Goodwill	288
Total assets	596
Deferred tax liabilities	72
Net assets acquired	$	524

Diplomatico

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

We preliminarily allocated the purchase price based on management’s estimates and independent valuations as follows:

(Dollars in millions)	Initial Allocation
Accounts receivable	$	11
Inventories	33
Other current assets	25
Property, plant, and equipment	36
Trademarks and brand names (indefinite-lived)	312
Goodwill	365
Total assets	782
Accounts payable and accrued expenses	10
Deferred tax liabilities	45
Total liabilities	55
Net assets acquired	$	727