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Stockholders' Equity | 3 Months Ended
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Jul. 31, 2025
Equity, Attributable to Parent [Abstract] |
Stockholders' Equity | Stockholders’ Equity The following table shows the changes in stockholders’ equity during the three months ended July 31, 2024:
(Dollars in millions) | Class A Common Stock |  | Class B Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | AOCI |  | Treasury Stock |  | Total
Balance at April 30, 2024 | $ | 25 |  |  | $ | 47 |  |  | $ | 13 |  |  | $ | 4,261 |  |  | $ | (221) |  |  | $ | (608) |  |  | $ | 3,517 |
Net income |  |  |  |  |  |  | 195 |  |  |  |  |  |  | 195 |
Net other comprehensive income (loss) |  |  |  |  |  |  |  |  | (43) |  |  |  |  | (43) |
Declaration of cash dividends |  |  |  |  |  |  | (206) |  |  |  |  |  |  | (206) |
Stock-based compensation expense |  |  |  |  | 4 |  |  |  |  |  |  |  |  | 4 |
Stock issued under compensation plans |  |  |  |  |  |  |  |  |  |  | 3 |  |  | 3 |
Loss on issuance of treasury stock issued under compensation plans |  |  |  |  | (5) |  |  |  |  |  |  |  |  | (5) |
Balance at July 31, 2024 | $ | 25 |  |  | $ | 47 |  |  | $ | 12 |  |  | $ | 4,250 |  |  | $ | (264) |  |  | $ | (605) |  |  | $ | 3,465 |
The following table shows the changes in stockholders’ equity during the three months ended July 31, 2025:
(Dollars in millions) | Class A Common Stock |  | Class B Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | AOCI |  | Treasury Stock |  | Total
Balance at April 30, 2025 | $ | 25 |  |  | $ | 47 |  |  | $ | 36 |  |  | $ | 4,710 |  |  | $ | (220) |  |  | $ | (605) |  |  | $ | 3,993 |
Net income |  |  |  |  |  |  | 170 |  |  |  |  |  |  | 170 |
Net other comprehensive income (loss) |  |  |  |  |  |  |  |  | 36 |  |  |  |  | 36 |
Declaration of cash dividends |  |  |  |  |  |  | (214) |  |  |  |  |  |  | (214) |
Stock-based compensation expense |  |  |  |  | 4 |  |  |  |  |  |  |  |  | 4 |
Stock issued under compensation plans |  |  |  |  |  |  |  |  |  |  | 5 |  |  | 5 |
Loss on issuance of treasury stock issued under compensation plans |  |  |  |  | (6) |  |  |  |  |  |  |  |  | (6) |
Balance at July 31, 2025 | $ | 25 |  |  | $ | 47 |  |  | $ | 34 |  |  | $ | 4,666 |  |  | $ | (184) |  |  | $ | (600) |  |  | $ | 3,988 |
The following table shows the change in each component of accumulated other comprehensive income (AOCI), net of tax, during the three months ended July 31, 2025:
(Dollars in millions) | Currency Translation Adjustments |  | Cash Flow Hedge Adjustments |  | Postretirement Benefits Adjustments |  | Total AOCI
Balance at April 30, 2025 | $ | (92) |  |  | $ | (5) |  |  | $ | (123) |  |  | $ | (220) |
Net other comprehensive income (loss) | 25 |  |  | 2 |  |  | 9 |  |  | 36 |
Balance at July 31, 2025 | $ | (67) |  |  | $ | (3) |  |  | $ | (114) |  |  | $ | (184) |
The following table shows the cash dividends declared per share on our Class A and Class B common stock during the three months ended July 31, 2025:
Declaration Date |  | Record Date |  | Payable Date |  | Amount per Share
May 22, 2025 |  | June 9, 2025 |  | July 1, 2025 |  | $0.2265
July 24, 2025 |  | September 3, 2025 |  | October 1, 2025 |  | $0.2265

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