Other Comprehensive Income

12 Months Ended

Apr. 30, 2024

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Other Comprehensive Income

Other Comprehensive Income

The following table presents the components of net other comprehensive income (loss) during each of the last three years:

	Pre-Tax		Tax		Net
Year Ended April 30, 2022
Currency translation adjustments:
Net gain (loss) on currency translation	$	(42)	$	(18)	$	(60)
Reclassification to earnings	—		—		—
Other comprehensive income (loss), net	(42)		(18)		(60)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	76		(17)		59
Reclassification to earnings1	(7)		1		(6)
Other comprehensive income (loss), net	69		(16)		53
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	67		(16)		51
Reclassification to earnings2	34		(8)		26
Other comprehensive income (loss), net	101		(24)		77
Total other comprehensive income (loss), net	$	128	$	(58)	$	70
Year Ended April 30, 2023
Currency translation adjustments:
Net gain (loss) on currency translation	$	135	$	—	$	135
Reclassification to earnings	—		—		—
Other comprehensive income (loss), net	135		—		135
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	3		(1)		2
Reclassification to earnings1	(37)		8		(29)
Other comprehensive income (loss), net	(34)		7		(27)
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	(26)		6		(20)
Reclassification to earnings2	38		(9)		29
Other comprehensive income (loss), net	12		(3)		9
Total other comprehensive income (loss), net	$	113	$	4	$	117
Year Ended April 30, 2024
Currency translation adjustments:
Net gain (loss) on currency translation	$	(16)	$	(1)	$	(17)
Reclassification to earnings3	4		6		10
Other comprehensive income (loss), net	(12)		5		(7)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	11		(2)		9
Reclassification to earnings1	(12)		3		(9)
Other comprehensive income (loss), net	(1)		1		—
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	22		(5)		17
Reclassification to earnings2	6		(2)		4
Other comprehensive income (loss), net	28		(7)		21
Total other comprehensive income (loss), net	$	15	$	(1)	$	14

1For 2022, $(2) of the pre-tax amount of $(7) is classified in other expense (income) in the accompanying consolidated statements of operations. Otherwise, the pre-tax amount for each year is classified as sales.

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

3Pre-tax amount is classified in gain on business divestitures in the accompanying consolidated statements of operations.