Stockholders' Equity (Tables)

6 Months Ended

Oct. 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 six months ended October 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
Net income							242						242
Net other comprehensive income (loss)									(91)				(91)
Acquisition of treasury stock											(42)		(42)
Stock-based compensation expense					7								7
Balance at October 31, 2023	$	25	$	47	$	8	$	3,916	$	(290)	$	(252)	$	3,454

The following table shows the changes in stockholders’ equity by quarter during the six months ended October 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
Net income							258						258
Net other comprehensive income (loss)									(27)				(27)
Stock-based compensation expense					9								9
Balance at October 31, 2024	$	25	$	47	$	21	$	4,508	$	(291)	$	(605)	$	3,705

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 six months ended October 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)	(68)		(3)		1		(70)
Balance at October 31, 2024	$	(179)	$	7	$	(119)	$	(291)

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 six months ended October 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