Finlandia Divestiture (Tables)

9 Months Ended

Jan. 31, 2024

Finlandia Divestiture [Abstract]

Finlandia Divestiture

As a result of the sale, we recognized a pre-tax gain of $90 million during the third quarter of fiscal 2024, which consisted of the following:

(Dollars in millions)	November 1, 2023
Proceeds from sale	$	194
Net carrying amount of assets and liabilities sold	(100)
Amounts reclassified from AOCI:
Cumulative translation losses	(30)
Net investment hedge gain (Note 11)	26
Net pre-tax gain on sale1	$	90

1Classified as “other expense (income), net” in the accompanying condensed consolidated statements of operations.