XML 28 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' Equity
 9 Months Ended
Jan. 31, 2019
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Stockholders’ Equity
The following table shows the changes in stockholders’ equity by quarter 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
 
 
 
 
 
 
178

 
 
 
 
 
178

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
14

 
 
 
14

Declaration of cash dividends
 
 
 
 
 
 
(140
)
 
 
 
 
 
(140
)
Acquisition of treasury stock
 
 
 
 
 
 
 
 
 
 
(1
)
 
(1
)
Stock-based compensation expense
 
 
 
 
4

 
 
 
 
 
 
 
4

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
9

 
9

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(14
)
 
 
 
 
 
 
 
(14
)
Balance at July 31, 2017
25

 
33

 
47

 
1,824

 
(376
)
 
(133
)
 
1,420

Net income
 
 
 
 
 
 
239

 
 
 
 
 
239

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
(15
)
 
 
 
(15
)
Stock-based compensation expense
 
 
 
 
5

 
 
 
 
 
 
 
5

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
1

 
1

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(3
)
 
 
 
 
 
 
 
(3
)
Balance at October 31, 2017
25

 
33

 
49

 
2,063

 
(391
)
 
(132
)
 
1,647

Net income
 
 
 
 
 
 
190

 
 
 
 
 
190

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
9

 
 
 
9

Declaration of cash dividends
 
 
 
 
 
 
(633
)
 
 
 
 
 
(633
)
Stock-based compensation expense
 
 
 
 
5

 
 
 
 
 
 
 
5

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
16

 
16

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(33
)
 
 
 
 
 
 
 
(33
)
Stock split
 
 
14

 
(14
)
 
 
 
 
 
 
 
—

Balance at January 31, 2018
$
25

 
$
47

 
$
7

 
$
1,620

 
$
(382
)
 
$
(116
)
 
$
1,201



The following table shows the changes in stockholders’ equity by quarter during the nine months ended January 31, 2019:
(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

Declaration of 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

Net income
 
 
 
 
 
 
249

 
 
 
 
 
249

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
(1
)
 
 
 
(1
)
Acquisition of treasury stock
 
 
 
 
 
 
 
 
 
 
(122
)
 
(122
)
Stock-based compensation expense
 
 
 
 
4

 
 
 
 
 
 
 
4

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
1

 
1

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(2
)
 
 
 
 
 
 
 
(2
)
Balance at October 31, 2018
25

 
47

 
4

 
2,016

 
(365
)
 
(230
)
 
1,497

Net income
 
 
 
 
 
 
227

 
 
 
 
 
227

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
5

 
 
 
5

Declaration of cash dividends
 
 
 
 
 
 
(158
)
 
 
 
 
 
(158
)
Acquisition of treasury stock
 
 
 
 
 
 
 
 
 
 
(78
)
 
(78
)
Stock-based compensation expense
 
 
 
 
3

 
 
 
 
 
 
 
3

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
1

 
1

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(4
)
 
 
 
 
 
 
 
(4
)
Balance at January 31, 2019
$
25

 
$
47

 
$
3

 
$
2,085

 
$
(360
)
 
$
(307
)
 
$
1,493



Dividends. The following table shows the cash dividends declared per share on our Class A and Class B common stock during the nine months ended January 31, 2019:
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
November 15, 2018
 
December 6, 2018
 
January 2, 2019
 
$0.166
January 29, 2019
 
March 4, 2019
 
April 1, 2019
 
$0.166


Accumulated other comprehensive income. The following table shows the change in each component of AOCI, net of tax, during the nine months ended January 31, 2019:
(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)
(21
)
 
37

 
2

 
18

Balance at January 31, 2019
$
(201
)
 
$
20

 
$
(179
)
 
$
(360
)