Stockholders' Equity (Tables)

3 Months Ended

Jul. 31, 2024

Equity, Attributable to Parent [Abstract]

Schedule of Stockholders Equity [Table Text Block]

The following table shows the changes in stockholders’ equity by quarter during the three months ended July 31, 2023:

(Dollars in millions)	Class A Common Stock		Class B Common Stock		Additional Paid-in Capital		Retained Earnings		AOCI		Treasury Stock		Total
Balance at April 30, 2023	$	25	$	47	$	1	$	3,643	$	(235)	$	(213)	$	3,268
Net income							231						231
Net other comprehensive income (loss)									36				36
Declaration of cash dividends							(197)						(197)
Stock-based compensation expense					4								4
Stock issued under compensation plans											3		3
Loss on issuance of treasury stock issued under compensation plans					(4)		(3)						(7)
Balance at July 31, 2023	$	25	$	47	$	1	$	3,674	$	(199)	$	(210)	$	3,338

The following table shows the changes in stockholders’ equity by quarter during the three months ended July 31, 2024:

(Dollars in millions)	Class A Common Stock		Class B Common Stock		Additional Paid-in Capital		Retained Earnings		AOCI		Treasury Stock		Total
Balance at April 30, 2024	$	25	$	47	$	13	$	4,261	$	(221)	$	(608)	$	3,517
Net income							195						195
Net other comprehensive income (loss)									(43)				(43)
Declaration of cash dividends							(206)						(206)
Stock-based compensation expense					4								4
Stock issued under compensation plans											3		3
Loss on issuance of treasury stock issued under compensation plans					(5)								(5)
Balance at July 31, 2024	$	25	$	47	$	12	$	4,250	$	(264)	$	(605)	$	3,465

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table shows the change in each component of accumulated other comprehensive income (AOCI), net of tax, during the three months ended July 31, 2024:

(Dollars in millions)	Currency Translation Adjustments		Cash Flow Hedge Adjustments		Postretirement Benefits Adjustments		Total AOCI
Balance at April 30, 2024	$	(111)	$	10	$	(120)	$	(221)
Net other comprehensive income (loss)	(42)		(2)		1		(43)
Balance at July 31, 2024	$	(153)	$	8	$	(119)	$	(264)

Dividends Declared [Table Text Block]

The following table shows the cash dividends declared per share on our Class A and Class B common stock during the three months ended July 31, 2024:

Declaration Date	Record Date	Payable Date	Amount per Share
May 23, 2024	June 7, 2024	July 1, 2024	$0.2178
July 25, 2024	September 3, 2024	October 1, 2024	$0.2178