Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Apr. 30, 2023

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

Accumulated Other Comprehensive Income (Loss)

Note 14: Accumulated Other Comprehensive Income (Loss)

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 (loss), 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, 2020	$	(50.5)	$	(185.6)	$	(146.7)	$	3.8	$	(379.0)
Reclassification adjustments	—		13.8		46.3		—		60.1
Current period credit (charge)	41.5		—		18.9		(0.1)		60.3
Income tax benefit (expense)	—		(3.0)		(15.8)		—		(18.8)
Balance at April 30, 2021	$	(9.0)	$	(174.8)	$	(97.3)	$	3.7	$	(277.4)
Reclassification adjustments	—		13.1		17.6		—		30.7
Current period credit (charge)	(12.1)		—		38.1		(2.5)		23.5
Income tax benefit (expense)	—		(2.2)		(12.6)		0.6		(14.2)
Balance at April 30, 2022	$	(21.1)	$	(163.9)	$	(54.2)	$	1.8	$	(237.4)
Reclassification adjustments	—		13.5		10.3		—		23.8
Current period credit (charge)	(13.2)		—		(7.9)		(0.6)		(21.7)
Income tax benefit (expense)	—		(3.2)		(0.9)		0.2		(3.9)
Balance at April 30, 2023	$	(34.3)	$	(153.6)	$	(52.7)	$	1.4	$	(239.2)

(A)The reclassification from accumulated other comprehensive income (loss) is primarily composed of deferred gains (losses) related to terminated interest rate contracts which were reclassified to interest expense. 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. The reclassification in 2021 primarily includes the impact of the nonrecurring settlement charges related to the Canadian buy-out contract. For additional information, see Note 8: Pensions and Other Postretirement Benefits.