Fair Value Measurements (Tables)

3 Months Ended

Jul. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table summarizes the assets and liabilities measured or disclosed at fair value on a recurring basis:

	April 30, 2024				July 31, 2024
	Carrying		Fair		Carrying		Fair
(Dollars in millions)	Amount		Value		Amount		Value
Assets
Cash and cash equivalents	$	446	$	446	$	416	$	416
Currency derivatives, net	9		9		8		8
Liabilities
Currency derivatives, net	1		1		2		2
Contingent consideration	69		69		74		74
Short-term borrowings	428		428		484		484
Long-term debt (including current portion)	2,672		2,468		2,684		2,546

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table shows the changes in our contingent consideration liability during the three months ended July 31, 2024:

(Dollars in millions)
Balance at April 30, 2024	$	69
Change in fair value1	4
Foreign currency translation adjustment	1
Balance at July 31, 2024	$	74

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