Fair Value Measurements (Tables)

3 Months Ended

Jul. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table summarizes the assets and liabilities measured or disclosed at fair value on a recurring basis:

	April 30, 2023				July 31, 2023
	Carrying		Fair		Carrying		Fair
(Dollars in millions)	Amount		Value		Amount		Value
Assets
Cash and cash equivalents	$	374	$	374	$	426	$	426
Currency derivatives, net	16		16		8		8
Liabilities
Currency derivatives, net	2		2		1		1
Short-term borrowings	235		235		389		389
Long-term debt	2,678		2,556		2,687		2,507
Contingent consideration (Note 14)	63		63		55		55

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table shows the changes in our contingent consideration liability during the three months ended July 31, 2023:

(Dollars in millions)
Balance at April 30, 2023	$	63
Purchase accounting adjustment (Note 14)	(1)
Change in fair value1	(7)
Balance at July 31, 2023	$	55

1Classified as “other expense (income), net” in the accompanying condensed consolidated statement of operations.