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Accumulated Other Comprehensive Income
6 Months Ended
Oct. 31, 2014
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
The following table summarizes the changes in each component of accumulated other comprehensive income (AOCI), net of tax, during the three months ended October 31, 2013 and 2014:
 
Currency Translation Adjustments
 
Cash Flow Hedge Adjustments
 
Postretirement Benefits Adjustments
 
Total AOCI
 
 
 
 
 
 
 
 
Balance at July 31, 2013
$
(2
)
 
$
6

 
$
(216
)
 
$
(212
)
Net other comprehensive income (loss)
7

 
(10
)
 
14

 
11

Balance at October 31, 2013
$
5

 
$
(4
)
 
$
(202
)
 
$
(201
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at July 31, 2014
$
(10
)
 
$
1

 
$
(186
)
 
$
(195
)
Net other comprehensive income (loss)
(30
)
 
22

 
12

 
4

Balance at October 31, 2014
$
(40
)
 
$
23

 
$
(174
)
 
$
(191
)

The following table presents the components of net other comprehensive income (loss) during the three months ended October 31, 2013 and 2014:
 
Pre-Tax
 
Tax
 
Net
Three Months Ended October 31, 2013
 
 
 
 
 
Currency translation adjustments
$
9

 
$
(2
)
 
$
7

Cash flow hedge adjustments:
 
 
 
 
 
Net gain (loss) on hedging instruments
(15
)
 
5

 
(10
)
Reclassification to earnings1

 

 

Postretirement benefits adjustments:
 
 
 
 
 
Net actuarial gain (loss) and prior service cost
14

 
(5
)
 
9

Reclassification to earnings2
8

 
(3
)
 
5

Net other comprehensive income (loss)
$
16

 
$
(5
)
 
$
11

 
 
 
 
 
 
Three Months Ended October 31, 2014
 
 
 
 
 
Currency translation adjustments
$
(32
)
 
$
2

 
$
(30
)
Cash flow hedge adjustments:
 
 
 
 
 
Net gain (loss) on hedging instruments
42

 
(16
)
 
26

Reclassification to earnings1
(6
)
 
2

 
(4
)
Postretirement benefits adjustments:
 
 
 
 
 
Net actuarial gain (loss) and prior service cost
14

 
(5
)
 
9

Reclassification to earnings2
6

 
(3
)
 
3

Net other comprehensive income (loss)
$
24

 
$
(20
)
 
$
4

1Pre-tax amount is classified as net sales in the accompanying consolidated statements of operations.
2Pre-tax amount is a component of pension and other postretirement benefit expense (as shown in Note 6).

The following table summarizes the changes in each component of AOCI, net of tax, during the six months ended October 31, 2013 and 2014:
 
Currency Translation Adjustments
 
Cash Flow Hedge Adjustments
 
Postretirement Benefits Adjustments
 
Total AOCI
 
 
 
 
 
 
 
 
Balance at April 30, 2013
$
10

 
$

 
$
(221
)
 
$
(211
)
Net other comprehensive income (loss)
(5
)
 
(4
)
 
19

 
10

Balance at October 31, 2013
$
5

 
$
(4
)
 
$
(202
)
 
$
(201
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at April 30, 2014
$
6

 
$
(4
)
 
$
(190
)
 
$
(188
)
Net other comprehensive income (loss)
(46
)
 
27

 
16

 
(3
)
Balance at October 31, 2014
$
(40
)
 
$
23

 
$
(174
)
 
$
(191
)

The following table presents the components of net other comprehensive income (loss) during the six months ended October 31, 2013 and 2014:
 
Pre-Tax
 
Tax
 
Net
Six Months Ended October 31, 2013
 
 
 
 
 
Currency translation adjustments
$
(3
)
 
$
(2
)
 
$
(5
)
Cash flow hedge adjustments:
 
 
 
 
 
Net gain (loss) on hedging instruments
(5
)
 
2

 
(3
)
Reclassification to earnings1
(1
)
 

 
(1
)
Postretirement benefits adjustments:
 
 
 
 
 
Net actuarial gain (loss) and prior service cost
14

 
(5
)
 
9

Reclassification to earnings2
16

 
(6
)
 
10

Net other comprehensive income (loss)
$
21

 
$
(11
)
 
$
10

 
 
 
 
 
 
Six Months Ended October 31, 2014
 
 
 
 
 
Currency translation adjustments
$
(48
)
 
$
2

 
$
(46
)
Cash flow hedge adjustments:
 
 
 
 
 
Net gain (loss) on hedging instruments
47

 
(17
)
 
30

Reclassification to earnings1
(4
)
 
1

 
(3
)
Postretirement benefits adjustments:
 
 
 
 
 
Net actuarial gain (loss) and prior service cost
14

 
(5
)
 
9

Reclassification to earnings2
12

 
(5
)
 
7

Net other comprehensive income (loss)
$
21

 
$
(24
)
 
$
(3
)
1Pre-tax amount is classified as net sales in the accompanying consolidated statements of operations.
2Pre-tax amount is a component of pension and other postretirement benefit expense (as shown in Note 6).