Acquisitions (Tables)

3 Months Ended

Jul. 31, 2023

Gin Mare

Business Acquisition [Line Items]

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

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

(Dollars in millions)	Prior Allocation1		Adjustments		Updated Allocation
Trademarks and brand names (indefinite-lived)	$	307	$	(24)	$	283
Goodwill	289		17		306
Total assets	596		(7)		589
Deferred tax liabilities	72		(6)		66
Net assets acquired	$	524	$	(1)	$	523

1As reported in Note 12 to our consolidated financial statements in our 2023 Form 10-K.

Diplomatico

Business Acquisition [Line Items]

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

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

(Dollars in millions)	Prior Allocation1		Adjustments		Updated Allocation
Accounts receivable	$	11	$	—	$	11
Inventories	36		(2)		34
Other current assets	25		—		25
Property, plant, and equipment	38		—		38
Trademarks and brand names (indefinite-lived)	312		(29)		283
Goodwill	363		23		386
Other assets	2		—		2
Total assets	787		(8)		779
Accounts payable and accrued expenses	13		1		14
Deferred tax liabilities	45		(5)		40
Other liabilities	2		—		2
Total liabilities	60		(4)		56
Net assets acquired	$	727	$	(4)	$	723

1As reported in Note 12 to our consolidated financial statements in our 2023 Form 10-K.