Stockholders' Equity

3 Months Ended

Jul. 31, 2018

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Stockholders’ Equity

The following table shows the changes in stockholders’ equity during the three months ended July 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, 2018	$	25	$	47	$	4		$	1,730		$	(378	)	$	(112	)	$	1,316
Cumulative effect of changes in accounting standards (Note 1)								(5		)							(5		)
Net income								200									200
Net other comprehensive income (loss)											14						14
Cash dividends								(152		)							(152		)
Acquisition of treasury stock														(6		)	(6		)
Stock-based compensation expense					5												5
Stock issued under compensation plans														9			9
Loss on issuance of treasury stock issued under compensation plans					(7		)	(6		)							(13		)
Balance at July 31, 2018	$	25	$	47	$	2		$	1,767		$	(364	)	$	(109	)	$	1,368

Dividends. The following table shows the cash dividends declared per share on our Class A and Class B common stock during the three months ended July 31, 2018:

Declaration Date	Record Date	Payable Date	Amount per Share
May 24, 2018	June 6, 2018	July 3, 2018	$0.158
July 26, 2018	September 6, 2018	October 1, 2018	$0.158

Accumulated other comprehensive income. The following table shows the change in each component of AOCI, net of tax, during the three months ended July 31, 2018:

(Dollars in millions)	Currency Translation Adjustments			Cash Flow Hedge Adjustments			Postretirement Benefits Adjustments			Total AOCI
Balance at April 30, 2018	$	(180	)	$	(17	)	$	(181	)	$	(378	)
Net other comprehensive income (loss)	(12		)	23			3			14
Balance at July 31, 2018	$	(192	)	$	6		$	(178	)	$	(364	)