Other Comprehensive Income

3 Months Ended

Jul. 31, 2021

Statement of Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Other Comprehensive Income

The following tables show the components of net other comprehensive income (loss):

	Three Months Ended						Three Months Ended
	July 31, 2020						July 31, 2021
(Dollars in millions)	Pre-Tax		Tax		Net		Pre-Tax		Tax		Net
Currency translation adjustments:
Net gain (loss) on currency translation	$	53	$	9	$	62	$	(8)	$	(2)	$	(10)
Reclassification to earnings	—		—		—		—		—		—
Other comprehensive income (loss), net	53		9		62		(8)		(2)		(10)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	(49)		12		(37)		15		(3)		12
Reclassification to earnings1	(11)		3		(8)		3		(1)		2
Other comprehensive income (loss), net	(60)		15		(45)		18		(4)		14
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	—		—		—		—		—		—
Reclassification to earnings2	10		(3)		7		6		(2)		4
Other comprehensive income (loss), net	10		(3)		7		6		(2)		4
Total other comprehensive income (loss), net	$	3	$	21	$	24	$	16	$	(8)	$	8

1Pre-tax amount for each period is classified as sales in the accompanying condensed consolidated statements of operations.

2For the three months ended July 31, 2020, $4 of the pre-tax amount of $10 is classified in gain on sale of business in the accompanying condensed consolidated statements of operations. Otherwise, the pre-tax amount for each period is classified as non-operating postretirement expense.