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Stockholders' Equity (Tables)
 3 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of information regarding other comprehensive income (loss) including noncontrolling and redeemable noncontrolling interests, net of tax, by component
Information regarding other comprehensive income (loss) including redeemable noncontrolling interests, net of tax, by component is as follows:
 
Quarter Ended June 30,
 (In millions)
2018
 
2017
Foreign currency translation adjustments (1)
 
 
 
Foreign currency translation adjustments arising during period, net of income tax benefit of nil and nil (2) (3)
$
(273
)
 
$
382

Reclassified to income statement, net of income tax expense of nil and nil
—

 
—

 
(273
)
 
382

 
 
 
 
Unrealized gains (losses) on net investment hedges arising during period, net of income tax (expense) benefit of ($51) and $44 (4)
144

 
(70
)
Reclassified to income statement, net of income tax expense of nil and nil
—

 
—

 
144

 
(70
)
Unrealized gains on cash flow hedges
 
 
 
Unrealized gains on cash flow hedges arising during period, net of income tax expense of nil and nil
—

 
14

Reclassified to income statement, net of income tax expense of nil and nil
—

 
—

 
—

 
14

Changes in retirement-related benefit plans (5)
 
 
 
Net actuarial loss and prior service cost arising during the period, net of income tax benefit of nil and nil
—

 
—

Amortization of actuarial loss, prior service cost and transition obligation, net of income tax expense of nil and nil (6)
1

 
1

Foreign currency translation adjustments and other, net of income tax expense of nil and nil
7

 
(6
)
Reclassified to income statement, net of income tax expense of nil and nil
—

 
—

 
8

 
(5
)
 
 
 
 
Other comprehensive income (loss), net of tax
$
(121
)
 
$
321


(1)
Foreign currency translation adjustments primarily result from the conversion of non-U.S. dollar financial statements of our foreign subsidiary, McKesson Europe, into the Company’s reporting currency, U.S. dollars, during the first quarters of 2019 and 2018.
(2)
During the first quarter of 2019, the net foreign currency translation losses were primarily due to the weakening of the Euro and British pound sterling against the U.S. dollar from April 1, 2018 to June 30, 2018. During the first quarter of 2018, the net foreign currency translation gains were primarily due to the strengthening of the Euro and British pound sterling against the U.S. dollar from April 1, 2017 to June 30, 2017.
(3)
The first quarter of 2019 includes net foreign currency translation losses of $39 million attributable to redeemable noncontrolling interests. The first quarter of 2018 includes net foreign currency translation gains of $115 million attributable to redeemable noncontrolling interests.
(4)
The first quarter of 2019 includes foreign currency gains of $161 million on the net investment hedges from the €1.95 billion Euro-denominated notes and £450 million British pound sterling-denominated notes and gains of $34 million on the net investment hedges from the cross-currency swaps. The first quarter of 2018 includes foreign currency losses of $114 million on the net investment hedges from the €1.20 billion Euro-denominated notes and £450 million British pound sterling-denominated notes.
(5)
The first quarters of 2019 and 2018 include net actuarial losses of $2 million and $1 million attributable to redeemable noncontrolling interests.
(6)
Pre-tax amount reclassified into cost of sales and operating expenses in our condensed consolidated statements of operations. The related tax expense was reclassified into income tax expense in our condensed consolidated statements of operations.
Schedule of information regarding changes in accumulated other comprehensive income (loss), net of tax, by component
Information regarding changes in our accumulated other comprehensive income (loss), net of tax, by component for the first quarter of 2019 is as follows:
 
Foreign Currency Translation Adjustments
 
 
 
 
 
 
(In millions)
Foreign Currency Translation Adjustments, Net of Tax
 
Unrealized Losses on Net Investment Hedges,
Net of Tax
 
Unrealized Gains (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, 2018
$
(1,258
)
 
$
(188
)
 
$
(61
)
 
$
(210
)
 
$
(1,717
)
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
(273
)
 
144

 
—

 
8

 
(121
)
Amounts reclassified to earnings
—

 
—

 
—

 
—

 
—

Other comprehensive income (loss)
(273
)
 
144

 
—

 
8

 
(121
)
Less: amounts attributable to noncontrolling and redeemable noncontrolling interests
(39
)
 
—

 
—

 
2

 
(37
)
Other comprehensive income (loss) attributable to McKesson
(234
)
 
144

 
—

 
6

 
(84
)
Balance at June 30, 2018
$
(1,492
)
 
$
(44
)
 
$
(61
)
 
$
(204
)
 
$
(1,801
)