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Stockholders' Equity
 9 Months Ended
Jan. 31, 2018
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Stockholders’ Equity
The following table summarizes the changes in stockholders’ equity during the nine months ended January 31, 2018:
(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, 2017
$
25

 
$
43

 
$
65

 
$
4,470

 
$
(390
)
 
$
(2,843
)
 
$
1,370

Retirement of treasury stock
 
 
(10
)
 
(8
)
 
(2,684
)
 
 
 
2,702

 
—

Net income
 
 
 
 
 
 
607

 
 
 
 
 
607

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
8

 
 
 
8

Cash dividends
 
 
 
 
 
 
(773
)
 
 
 
 
 
(773
)
Acquisition of treasury stock
 
 
 
 
 
 
 
 
 
 
(1
)
 
(1
)
Stock-based compensation expense
 
 
 
 
14

 
 
 
 
 
 
 
14

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
26

 
26

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(50
)
 

 
 
 
 
 
(50
)
Stock split
—

 
14

 
(14
)
 
 
 
 
 
 
 
—

Balance at January 31, 2018
$
25

 
$
47

 
$
7

 
$
1,620

 
$
(382
)
 
$
(116
)
 
$
1,201



Common Stock. On May 24, 2017, we retired 67,000,000 shares of Class B common stock previously held as treasury shares. This retirement reduced the number of issued shares of Class B common stock by that same amount.

On January 23, 2018, our Board of Directors approved a stock split, effected in the form of a stock dividend. For every four shares of either Class A or Class B common stock held, shareholders of record as of the close of business on February 7, 2018, received one share of Class B common stock, with any fractional shares payable in cash. The additional shares and cash for fractional shares were distributed to stockholders on February 28, 2018.

The following table shows the effects of the treasury stock retirement and stock split (as if the additional shares issued thereunder were issued on January 31, 2018) on the number of issued common shares:
 
Issued Common Shares
(Shares in thousands)
Class A
 
Class B
 
Total
Balance at April 30, 2017
170,000

 
284,627

 
454,627

Retirement of treasury stock
—

 
(67,000
)
 
(67,000
)
Stock split
—

 
96,905

 
96,905

Balance at January 31, 2018
170,000

 
314,532

 
484,532



Except for the pre-split share balances and activity included in the above table, all share and per share amounts reported in these financial statements and related notes are presented on a split-adjusted basis.

Dividends. The following table summarizes the cash dividends declared per share on our Class A and Class B common stock during the nine months ended January 31, 2018:
Declaration Date
 
Record Date
 
Payable Date
 
Amount per Share
May 24, 2017
 
June 5, 2017
 
July 3, 2017
 
$0.1460
July 27, 2017
 
September 7, 2017
 
October 2, 2017
 
$0.1460
November 16, 2017
 
December 7, 2017
 
January 2, 2018
 
$0.1580
January 23, 2018
 
March 5, 2018
 
April 2, 2018
 
$0.1580
January 23, 2018
 
April 2, 2018
 
April 23, 2018
 
$1.0000


Accumulated Other Comprehensive Income. The following table summarizes the changes in each component of AOCI, net of tax, during the nine months ended January 31, 2018:
(Dollars in millions)
Currency Translation Adjustments
 
Cash Flow Hedge Adjustments
 
Postretirement Benefits Adjustments
 
Total AOCI
Balance at April 30, 2017
$
(204
)
 
$
11

 
$
(197
)
 
$
(390
)
Net other comprehensive income (loss)
47

 
(48
)
 
9

 
8

Balance at January 31, 2018
$
(157
)
 
$
(37
)
 
$
(188
)
 
$
(382
)