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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Income Statement [Abstract]        
Sales $ 1,376 $ 1,405 $ 2,587 $ 2,731
Excise taxes 281 298 541 586
Net sales 1,095 1,107 2,046 2,145
Cost of sales 449 436 835 823
Gross profit 646 671 1,211 1,322
Advertising expenses 126 140 252 271
Selling, general, and administrative expenses 187 192 375 392
Other expense (income), net (8) 0 (38) (7)
Operating income 341 339 622 666
Non-operating postretirement expense 1 0 1 1
Interest income (3) (2) (7) (4)
Interest expense 32 31 64 60
Equity method investment income (2) 0 (2) 0
Income before income taxes 313 310 566 609
Income taxes 55 68 113 136
Net income $ 258 $ 242 $ 453 $ 473
Earnings per share:        
Basic (dollars per share) $ 0.55 $ 0.50 $ 0.96 $ 0.99
Diluted (dollars per share) $ 0.55 $ 0.50 $ 0.96 $ 0.98