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Earnings Per Share | 3 Months Ended
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Jul. 31, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share We calculate basic earnings per share by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share further includes the dilutive effect of stock-based compensation awards. We calculate that dilutive effect using the “treasury stock method” (as defined by GAAP). The following table presents information concerning basic and diluted earnings per share:
|  |  | Three Months Ended |  |
|  |  | July 31, |  |
(Dollars in millions, except per share amounts) |  |  |  |  | 2024 |  | 2025 |  |  |  |
Net income available to common stockholders |  |  |  |  | $ | 195 |  |  | $ | 170 |  |  |  |  |
Share data (in thousands): |  |  |  |  |  |  |  |  |  |  |
Basic average common shares outstanding |  |  |  |  | 472,637 |  |  | 472,724 |  |  |  |  |
Dilutive effect of stock-based awards |  |  |  |  | 304 |  |  | 239 |  |  |  |  |
Diluted average common shares outstanding |  |  |  |  | 472,941 |  |  | 472,963 |  |  |  |  |
Basic earnings per share |  |  |  |  | $ | 0.41 |  |  | $ | 0.36 |  |  |  |  |
Diluted earnings per share |  |  |  |  | $ | 0.41 |  |  | $ | 0.36 |  |  |  |  |
We excluded common stock-based awards for approximately 2,582,000 shares and 4,108,000 shares from the calculation of diluted earnings per share for the three months ended July 31, 2024 and 2025, respectively. We excluded those awards because they were not dilutive for those periods under the treasury stock method.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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