Other Comprehensive Income

3 Months Ended

Jul. 31, 2023

Statement of Comprehensive Income [Abstract]

Other Comprehensive Income

Other Comprehensive Income

The following table shows the components of net other comprehensive income (loss):

	Three Months Ended						Three Months Ended
	July 31, 2022						July 31, 2023
(Dollars in millions)	Pre-Tax		Tax		Net		Pre-Tax		Tax		Net
Currency translation adjustments:
Net gain (loss) on currency translation	$	(1)	$	(4)	$	(5)	$	37	$	2	$	39
Reclassification to earnings	—		—		—		—		—		—
Other comprehensive income (loss), net	(1)		(4)		(5)		37		2		39
Cash flow hedge adjustments:
Net gain (loss) on hedging instruments	14		(4)		10		(4)		1		(3)
Reclassification to earnings1	(8)		2		(6)		(3)		1		(2)
Other comprehensive income (loss), net	6		(2)		4		(7)		2		(5)
Postretirement benefits adjustments:
Net actuarial gain (loss) and prior service cost	—		—		—		—		—		—
Reclassification to earnings2	3		(1)		2		2		—		2
Other comprehensive income (loss), net	3		(1)		2		2		—		2
Total other comprehensive income (loss), net	$	8	$	(7)	$	1	$	32	$	4	$	36

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

2Pre-tax amount for each period is classified as non-operating postretirement expense in the accompanying condensed consolidated statements of operations.