Acquisitions (Tables)

9 Months Ended

Jan. 31, 2024

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

(Dollars in millions)	Prior Allocation1		Adjustments		Final 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 allocated the purchase price based on management’s estimates and independent valuations as follows:

(Dollars in millions)	Prior Allocation1		Adjustments		Final 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.