Other Comprehensive Income

6 Months Ended

Oct. 31, 2024

Statement of Comprehensive Income [Abstract]

The following table shows the components of net other comprehensive income (loss):


	Three Months Ended						Three Months Ended
	October 31, 2023						October 31, 2024
(Dollars in millions)	Pre-Tax		Tax		Net		Pre-Tax		Tax		Net
Currency translation adjustments:
Net gain (loss) on currency translation	$	(98)	$	(6)	$	(104)	$	(27)	$	1	$	(26)
Reclassification to earnings	—		—		—		—		—		—
Other comprehensive income (loss), net	(98)		(6)		(104)		(27)		1		(26)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	21		(5)		16		(2)		—		(2)
Reclassification to earnings1	(5)		1		(4)		1		—		1
Other comprehensive income (loss), net	16		(4)		12		(1)		—		(1)
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	—		—		—		—		—		—
Reclassification to earnings2	2		(1)		1		—		—		—
Other comprehensive income (loss), net	2		(1)		1		—		—		—

Total other comprehensive income (loss), net	$	(80)	$	(11)	$	(91)	$	(28)	$	1	$	(27)


	Six Months Ended						Six Months Ended
	October 31, 2023						October 31, 2024
(Dollars in millions)	Pre-Tax		Tax		Net		Pre-Tax		Tax		Net
Currency translation adjustments:
Net gain (loss) on currency translation	$	(61)	$	(4)	$	(65)	$	(71)	$	3	$	(68)
Reclassification to earnings	—		—		—		—		—		—
Other comprehensive income (loss), net	(61)		(4)		(65)		(71)		3		(68)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	17		(4)		13		(1)		—		(1)
Reclassification to earnings1	(8)		2		(6)		(3)		1		(2)
Other comprehensive income (loss), net	9		(2)		7		(4)		1		(3)
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	—		—		—		—		—		—
Reclassification to earnings2	4		(1)		3		1		—		1
Other comprehensive income (loss), net	4		(1)		3		1		—		1

Total other comprehensive income (loss), net	$	(48)	$	(7)	$	(55)	$	(74)	$	4	$	(70)

1Pre-tax amount for each period is classified as sales in the accompanying condensed consolidated statements of operations.

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