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Stockholders' Equity
 9 Months Ended
Jan. 31, 2021
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity Stockholders’ Equity
The following table shows the changes in stockholders’ equity by quarter during the nine months ended January 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, 2019$25 $47 $— $2,238 $(363)$(300)$1,647 
Adoption of ASU 2018-02
43 (43)— 
Net income186 186 
Net other comprehensive income (loss)(1)(1)
Declaration of cash dividends (158)(158)
Acquisition of treasury stock(1)(1)
Stock-based compensation expense3 3 
Stock issued under compensation plans16 16 
Loss on issuance of treasury stock issued under compensation plans
(2)(27)(29)
Balance at July 31, 201925 47 1 2,282 (407)(285)1,663 
Net income282 282 
Net other comprehensive income (loss)7 7 
Stock-based compensation expense3 3 
Stock issued under compensation plans11 11 
Loss on issuance of treasury stock issued under compensation plans
(4)(20)(24)
Balance at October 31, 201925 47 — 2,544 (400)(274)1,942 
Net income231 231 
Net other comprehensive income (loss)8 8 
Declaration of cash dividends(167)(167)
Stock-based compensation expense2 2 
Stock issued under compensation plans11 11 
Loss on issuance of treasury stock issued under compensation plans
(2)(20)(22)
Balance at January 31, 2020$25 $47 $— $2,588 $(392)$(263)$2,005 
The following table shows the changes in stockholders’ equity by quarter during the nine months ended January 31, 2021:
(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 income324 324 
Net other comprehensive income (loss)24 24 
Declaration of cash dividends(167)(167)
Stock-based compensation expense3 3 
Stock issued under compensation plans10 10 
Loss on issuance of treasury stock issued under compensation plans
(3)(16)(19)
Balance at July 31, 202025 47 — 2,849 (523)(248)2,150 
Net income240 240 
Net other comprehensive income (loss)15 15 
Stock-based compensation expense3 3 
Stock issued under compensation plans5 5 
Loss on issuance of treasury stock issued under compensation plans
(3)(7)(10)
Balance at October 31, 202025 47 — 3,082 (508)(243)2,403 
Net income219 219 
Net other comprehensive income (loss)19 19 
Declaration of cash dividends(172)(172)
Stock-based compensation expense3 3 
Stock issued under compensation plans3 3 
Loss on issuance of treasury stock issued under compensation plans(3)(4)(7)
Balance at January 31, 2021$25 $47 $— $3,125 $(489)$(240)$2,468 

The following table shows the change in each component of accumulated other comprehensive income (AOCI), net of tax, during the nine months ended January 31, 2021:
(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)113 (72)17 58 
Balance at January 31, 2021
$(189)$(12)$(288)$(489)

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, 2021:
Declaration DateRecord DatePayable DateAmount per Share
May 21, 2020June 8, 2020July 1, 2020$0.1743
July 23, 2020September 4, 2020October 1, 2020$0.1743
November 19, 2020December 4, 2020January 4, 2021$0.1795
January 27, 2021March 8, 2021April 1, 2021$0.1795