Acquisitions (Tables)

12 Months Ended

Apr. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Purchase Price Allocations

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed. The purchase price was preliminarily allocated based on information available at the acquisition date and is subject to change as we complete our analysis of the fair values at the date of acquisition during the measurement period, not to exceed one year as permitted under Topic 805. No material measurement-period adjustments were recorded upon finalization of the purchase price allocations, during the fiscal year ended April 30, 2026.


(In millions)	Total
Accounts receivables (1)	$	18
Inventory	2
Rental equipment	89
Property and equipment	13
Operating lease right-of-use assets	43
Intangible assets	33
Total identifiable assets acquired	198
Accounts payable, accrued expenses and other liabilities	(9)
Deferred taxes	(14)
Operating lease liabilities	(43)
Long-term debt	(30)
Total liabilities assumed	(96)
Net identifiable assets acquired	102
Goodwill	122
Net assets acquired	$	224

(1) Accounts receivable had an estimated fair value of $18 million and a gross contractual value of $20 million. The difference represents the Company's best estimate of the contractual cash flows that will not be collected.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed. The purchase price was preliminarily allocated based on information available at the acquisition date and adjusted during the measurement period, not to exceed one year as permitted under Topic 805, as we completed our analysis of the fair values. No material measurement-period adjustments were recorded upon finalization of the purchase price allocations, during the fiscal year ended April 30, 2025.


(In millions)	Total
Accounts receivables (1)	$	7
Rental equipment	56
Property and equipment	3
Operating lease right-of-use assets	29
Intangible assets	25
Total identifiable assets acquired	120
Accounts payable, accrued expenses and other liabilities	(3)
Operating lease liabilities	(29)
Total liabilities assumed	(32)
Net identifiable assets acquired	88
Goodwill	53
Net assets acquired	$	141

(1) Accounts receivable had an estimated fair value of $7 million and a gross contractual value of $7 million. The difference represents the Company's best estimate of the contractual cash flows that will not be collected.

Schedule of Intangible Asset, Acquired, Finite-Lived

The estimated useful lives of the other intangible assets are as follows:


Brand names			1 - 14 years
Customer lists			2 - 14 years
Contract related intangible assets			2 - 7 years
Internal use software			1 - 5 years

The following table reflects the fair values and weighted average useful lives of the acquired intangible assets identified based on the purchase accounting assessments:


(In millions)	Fair value		Life (years)
Customer lists	$	31	8
Software	1		7
Contract related	1		6
Total	$	33

The following table reflects the fair values and weighted average useful lives of the acquired intangible assets identified based on the purchase accounting assessments:


(In millions)	Fair value		Life (years)
Customer lists	$	25	15