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Stockholders' Equity
 3 Months Ended
Jul. 31, 2020
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity Stockholders’ Equity
The following table shows the changes in stockholders’ equity by quarter during the three months ended July 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, 2019
$
25

 
$
47

 
$
—

 
$
2,238

 
$
(363
)
 
$
(300
)
 
$
1,647

Adoption of ASU 2018-02
 
 
 
 
 
 
43

 
(43
)
 
 
 
—

Net income
 
 
 
 
 
 
186

 
 
 
 
 
186

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
(1
)
 
 
 
(1
)
Declaration of cash dividends
 
 
 
 
 
 
(158
)
 
 
 
 
 
(158
)
Acquisition of treasury stock
 
 
 
 
 
 
 
 
 
 
(1
)
 
(1
)
Stock-based compensation expense
 
 
 
 
3

 
 
 
 
 
 
 
3

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
16

 
16

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(2
)
 
(27
)
 
 
 
 
 
(29
)
Balance at July 31, 2019
$
25

 
$
47

 
$
1

 
$
2,282

 
$
(407
)
 
$
(285
)
 
$
1,663



The following table shows the changes in stockholders’ equity by quarter during the three months ended July 31, 2020:
(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, 2020
$
25

 
$
47

 
$
—

 
$
2,708

 
$
(547
)
 
$
(258
)
 
$
1,975

Net income
 
 
 
 
 
 
324

 
 
 
 
 
324

Net other comprehensive income (loss)
 
 
 
 
 
 
 
 
24

 
 
 
24

Declaration of cash dividends
 
 
 
 
 
 
(167
)
 
 
 
 
 
(167
)
Stock-based compensation expense
 
 
 
 
3

 
 
 
 
 
 
 
3

Stock issued under compensation plans
 
 
 
 
 
 
 
 
 
 
10

 
10

Loss on issuance of treasury stock issued under compensation plans
 
 
 
 
(3
)
 
(16
)
 
 
 
 
 
(19
)
Balance at July 31, 2020
$
25

 
$
47

 
$
—

 
$
2,849

 
$
(523
)
 
$
(248
)
 
$
2,150



The following table shows the change in each component of accumulated other comprehensive income (AOCI), net of tax, during the three months ended July 31, 2020:
(Dollars in millions)
Currency Translation Adjustments
 
Cash Flow Hedge Adjustments
 
Postretirement Benefits Adjustments
 
Total AOCI
Balance at April 30, 2020
$
(302
)
 
$
60

 
$
(305
)
 
$
(547
)
Net other comprehensive income (loss)
62

 
(45
)
 
7

 
24

Balance at July 31, 2020
$
(240
)
 
$
15

 
$
(298
)
 
$
(523
)


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, 2020:
Declaration Date
 
Record Date
 
Payable Date
 
Amount per Share
May 21, 2020
 
June 8, 2020
 
July 1, 2020
 
$0.1743
July 23, 2020
 
September 4, 2020
 
October 1, 2020
 
$0.1743