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Stockholders' Equity | 12 Months Ended
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Mar. 31, 2015
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders’ Equity Each share of the Company’s outstanding common stock is permitted one vote on proposals presented to stockholders and is entitled to share equally in any dividends declared by the Company’s Board of Directors (the “Board”). In July 2013, the quarterly dividend was raised from $0.20 to $0.24 per common share for dividends declared after such date, until further action by the Board. Dividends were $0.96 per share in 2015, $0.92 per share in 2014 and $0.80 per share in 2013. The Company anticipates that it will continue to pay quarterly cash dividends in the future. However, the payment and amount of future dividends remain within the discretion of the Board and will depend upon the Company’s future earnings, financial condition, capital requirements and other factors. Share Repurchase Plans Stock repurchases may be made from time-to-time in open market transactions, privately negotiated transactions, through accelerated share repurchase (“ASR”) programs, or by any combination of such methods. The timing of any repurchases and the actual number of shares repurchased will depend on a variety of factors, including our stock price, corporate and regulatory requirements, restrictions under our debt obligations and other market and economic conditions. Information regarding the share repurchase activity over the last three years is as follows:
| Share Repurchases (1)
(In millions, except price per share data) |  | Total Number of Shares Purchased (2) (3) |  | Average Price Paid Per Share |  | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs
Balance, March 31, 2012 |  |  |  |  |  | $ | 299 |
Share repurchase plans approved: |  |  |  |  |  |
April 2012 |  |  |  |  |  | 700 |
January 2013 |  |  |  |  |  | 500 |
Shares repurchased |  | 13 |  | $ | 100.82 |  |  | (1,159 | )
Balance, March 31, 2013 |  |  |  |  |  | $ | 340 |
Shares repurchased |  | — |  | $ | — |  |  | — |
Balance, March 31, 2014 |  |  |  |  |  | $ | 340 |
Shares repurchased |  | 1.5 |  | $ | 226.55 |  |  | (340 | )
Balance, March 31, 2015 |  |  |  |  |  | $ | — |
(1) | This table does not include shares tendered to satisfy the exercise price in connection with cashless exercises of employee stock options or shares tendered to satisfy tax withholding obligations in connection with employee equity awards.
(2) | All of the shares purchased were part of the publicly announced programs.
(3) | The number of shares purchased reflects rounding adjustments.
In May 2015, the Board authorized the repurchase of up to $500 million of the Company’s common stock. During the fourth quarter of 2013, we retired approximately 2 million shares that were repurchased for $217 million by the Company. The retired shares constitute authorized but unissued shares. We elected to allocate any excess of share repurchase price over par value between additional paid-in capital and retained earnings. As such, $195 million was recorded as a decrease to retained earnings. Other Comprehensive Income (Loss) Information regarding other comprehensive income (loss) including noncontrolling and redeemable noncontrolling interests, net of tax, by component is as follows:
| Years Ended March 31,
(In millions) | 2015 |  | 2014 |  | 2013
Foreign currency translation adjustments |  |  |  |  |
Foreign currency translation adjustments arising during period, net of income tax expense (benefit) of nil, nil and ($2) (1) | $ | (1,845 | ) |  | $ | 9 |  |  | $ | (52 | )
Reclassified to income statement, net of income tax expense of nil, $24 and nil (2) | (10 | ) |  | 44 |  |  | — |
| (1,855 | ) |  | 53 |  |  | (52 | )
Unrealized losses on cash flow hedges |  |  |  |  |
Unrealized losses on cash flow hedges arising during period, net of income tax benefit of nil, nil and nil | (13 | ) |  | (6 | ) |  | — |
Reclassified to income statement, net of income tax expense of nil, nil and nil | 3 |  |  | — |  |  | — |
| (10 | ) |  | (6 | ) |  | — |
Changes in retirement-related benefit plans |  |  |  |  |
Net actuarial gain (loss) and prior service credit (cost) arising during period, net of income tax (benefit) of ($66), $16 and ($22) | (140 | ) |  | 17 |  |  | (40 | )
Amortization of actuarial loss, prior service cost and transition obligation, net of income tax expense of $6, $12 and $12 (3) | 11 |  |  | 22 |  |  | 18 |
Foreign currency translation adjustments and other, net of income tax expense of nil, nil and nil | 4 |  |  | (4 | ) |  | 4 |
Reclassified to income statement, net of income tax expense of nil, $1 and nil | 1 |  |  | 1 |  |  | — |
| (124 | ) |  | 36 |  |  | (18 | )
Other Comprehensive Income (Loss), net of tax | $ | (1,989 | ) |  | $ | 83 |  |  | $ | (70 | )
(1) | 2015 includes net foreign currency translation losses of $267 million and 2014 includes net foreign currency translations gains of $21 million attributable to noncontrolling and redeemable noncontrolling interests.
(2) | 2014 includes net foreign currency translation losses of $44 million reclassified from accumulated other comprehensive income to other income (loss), net, within our consolidated statement of operations due to the sale of our 49% equity interest in Nadro. Such losses were previously considered in our impairment evaluation of the investment when we committed to a plan to sell the investment during the fourth quarter of 2013 and, accordingly, did not impact earnings in 2014.
(3) | Pre-tax amount was reclassified into cost of sales and operating expenses in the consolidated statements of operations. The related tax expense was reclassified into income tax expense in the consolidated statements of operations.
Accumulated Other Comprehensive Income (Loss) Information regarding changes in our accumulated other comprehensive income (loss) by component are as follows:
(In millions) | Foreign Currency Translation Adjustments, Net of Tax |  | Unrealized Losses on Cash Flow Hedges, Net of Tax |  | Unrealized Net Gains (Losses) and Other Components of Benefit Plans, Net of Tax |  | Total Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2013 | $ | 136 |  |  | $ | (5 | ) |  | $ | (196 | ) |  | $ | (65 | )
Other comprehensive income (loss) before reclassifications | 9 |  |  | (6 | ) |  | 35 |  |  | 38 |
Amounts reclassified to earnings | 44 |  |  | — |  |  | 1 |  |  | 45 |
Other comprehensive income (loss) | $ | 53 |  |  | $ | (6 | ) |  | $ | 36 |  |  | $ | 83 |
Less: other comprehensive income attributable to noncontrolling interests | 21 |  |  | — |  |  | — |  |  | 21 |
Other comprehensive income (loss) attributable to McKesson | $ | 32 |  |  | $ | (6 | ) |  | $ | 36 |  |  | $ | 62 |
Balance at March 31, 2014 | $ | 168 |  |  | $ | (11 | ) |  | $ | (160 | ) |  | $ | (3 | )
Other comprehensive income (loss) before reclassifications | (1,845 | ) |  | (13 | ) |  | (136 | ) |  | (1,994 | )
Amounts reclassified to earnings | (10 | ) |  | 3 |  |  | 12 |  |  | 5 |
Other comprehensive income (loss) | $ | (1,855 | ) |  | $ | (10 | ) |  | $ | (124 | ) |  | $ | (1,989 | )
Less: other comprehensive loss attributable to noncontrolling interests | (267 | ) |  | — |  |  | (12 | ) |  | (279 | )
Other comprehensive income (loss) attributable to McKesson | $ | (1,588 | ) |  | $ | (10 | ) |  | $ | (112 | ) |  | $ | (1,710 | )
Balance at March 31, 2015 | $ | (1,420 | ) |  | $ | (21 | ) |  | $ | (272 | ) |  | $ | (1,713 | )

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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