Other Comprehensive Income

9 Months Ended

Jan. 31, 2024

Statement of Comprehensive Income [Abstract]

Other Comprehensive Income

Other Comprehensive Income

The following table shows the components of net other comprehensive income (loss):

	Three Months Ended						Three Months Ended
	January 31, 2023						January 31, 2024
(Dollars in millions)	Pre-Tax		Tax		Net		Pre-Tax		Tax		Net
Currency translation adjustments:
Net gain (loss) on currency translation	$	111	$	8	$	119	$	61	$	4	$	65
Reclassification to earnings	—		—		—		4		6		10
Other comprehensive income (loss), net	111		8		119		65		10		75
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	(33)		7		(26)		(11)		3		(8)
Reclassification to earnings1	(11)		3		(8)		(3)		1		(2)
Other comprehensive income (loss), net	(44)		10		(34)		(14)		4		(10)
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	(21)		5		(16)		—		—		—
Reclassification to earnings2	29		(7)		22		1		—		1
Other comprehensive income (loss), net	8		(2)		6		1		—		1
Total other comprehensive income (loss), net	$	75	$	16	$	91	$	52	$	14	$	66
	Nine Months Ended						Nine Months Ended
	January 31, 2023						January 31, 2024
(Dollars in millions)	Pre-Tax		Tax		Net		Pre-Tax		Tax		Net
Currency translation adjustments:
Net gain (loss) on currency translation	$	110	$	(2)	$	108	$	—	$	—	$	—
Reclassification to earnings	—		—		—		4		6		10
Other comprehensive income (loss), net	110		(2)		108		4		6		10
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	3		(1)		2		6		(1)		5
Reclassification to earnings1	(34)		8		(26)		(11)		3		(8)
Other comprehensive income (loss), net	(31)		7		(24)		(5)		2		(3)
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	(21)		5		(16)		—		—		—
Reclassification to earnings2	34		(8)		26		5		(1)		4
Other comprehensive income (loss), net	13		(3)		10		5		(1)		4
Total other comprehensive income (loss), net	$	92	$	2	$	94	$	4	$	7	$	11

1Pre-tax amount for each period is classified as sales in the accompanying condensed consolidated statements of operations.

2Pre-tax amount for each period is classified as non-operating postretirement expense in the accompanying condensed consolidated statements of operations.