Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Jul. 31, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

The components of accumulated other comprehensive income (loss), including the reclassification adjustments for items that are reclassified from accumulated other comprehensive income (loss) to net income, are shown below.


	Foreign Currency Translation Adjustment		Net Gains (Losses) on Cash Flow Hedging Derivatives (A)		Pension and Other Postretirement Liabilities (B)		Unrealized Gain (Loss) on Available- for-Sale Securities		Accumulated Other Comprehensive Income (Loss)
Balance at May 1, 2021	$	(9.0)	$	(174.8)	$	(97.3)	$	3.7	$	(277.4)
Reclassification adjustments	—		2.9		(5.3)		—		(2.4)
Current period credit (charge)	(4.0)		—		1.8		0.2		(2.0)
Income tax benefit (expense)	—		(0.6)		0.9		(0.1)		0.2
Balance at July 31, 2021	$	(13.0)	$	(172.5)	$	(99.9)	$	3.8	$	(281.6)


	Foreign Currency Translation Adjustment		Net Gains (Losses) on Cash Flow Hedging Derivatives (A)		Pension and Other Postretirement Liabilities (B)		Unrealized Gain (Loss) on Available- for-Sale Securities		Accumulated Other Comprehensive Income (Loss)
Balance at May 1, 2020	$	(50.5)	$	(185.6)	$	(146.7)	$	3.8	$	(379.0)
Reclassification adjustments	—		3.4		2.2		—		5.6
Current period credit (charge)	12.9		—		—		1.1		14.0
Income tax benefit (expense)	—		(0.8)		(0.5)		(0.2)		(1.5)
Balance at July 31, 2020	$	(37.6)	$	(183.0)	$	(145.0)	$	4.7	$	(360.9)

(A)The reclassification is composed of deferred gains (losses) related to terminated interest rate contracts. During both 2022 and 2021, the reclassification was primarily from accumulated other comprehensive income (loss) to interest expense. In addition, during the first quarter of 2022, a portion of the reclassification was to other income (expense) – net, which was driven by the prepayment of the Senior Notes due March 15, 2022. For additional information, see Note 9: Derivative Financial Instruments.

(B)The reclassification from accumulated other comprehensive income (loss) to other income (expense) – net is composed of settlement charges and amortization of net losses and prior service costs. For additional information, see Note 8: Pensions and Other Postretirement Benefits.