Other Comprehensive Income (Tables)

9 Months Ended

Jan. 31, 2022

Statement of Comprehensive Income [Abstract]

Comprehensive Income (Loss) [Table Text Block]

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

	Three Months Ended						Three Months Ended
	January 31, 2021						January 31, 2022
(Dollars in millions)	Pre-Tax		Tax		Net		Pre-Tax		Tax		Net
Currency translation adjustments:
Net gain (loss) on currency translation	$	39	$	8	$	47	$	(23)	$	(4)	$	(27)
Reclassification to earnings	—		—		—		—		—		—
Other comprehensive income (loss), net	39		8		47		(23)		(4)		(27)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	(39)		9		(30)		23		(5)		18
Reclassification to earnings1	(4)		1		(3)		(2)		—		(2)
Other comprehensive income (loss), net	(43)		10		(33)		21		(5)		16
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	—		—		—		—		—		—
Reclassification to earnings2	6		(1)		5		6		(1)		5
Other comprehensive income (loss), net	6		(1)		5		6		(1)		5
Total other comprehensive income (loss), net	$	2	$	17	$	19	$	4	$	(10)	$	(6)
	Nine Months Ended						Nine Months Ended
	January 31, 2021						January 31, 2022
(Dollars in millions)	Pre-Tax		Tax		Net		Pre-Tax		Tax		Net
Currency translation adjustments:
Net gain (loss) on currency translation	$	97	$	16	$	113	$	(40)	$	(9)	$	(49)
Reclassification to earnings	—		—		—		—		—		—
Other comprehensive income (loss), net	97		16		113		(40)		(9)		(49)
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	(73)		17		(56)		53		(12)		41
Reclassification to earnings1	(21)		5		(16)		(1)		—		(1)
Other comprehensive income (loss), net	(94)		22		(72)		52		(12)		40
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	—		—		—		(1)		—		(1)
Reclassification to earnings2	23		(6)		17		19		(5)		14
Other comprehensive income (loss), net	23		(6)		17		18		(5)		13
Total other comprehensive income (loss), net	$	26	$	32	$	58	$	30	$	(26)	$	4

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

2For the nine months ended January 31, 2021, $4 of the pre-tax amount of $23 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.