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Accumulated Other Comprehensive Income
12 Months Ended
Mar. 29, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
The following table presents the components of other comprehensive income (loss), net of tax, accumulated in equity:
 
 
Foreign Currency Translation Gains (Losses)
 
Net Unrealized Gains (Losses) on Derivative Financial Instruments (a)
 
Net Unrealized Gains (Losses) on Available-for-Sale Investments(b)
 
Net Unrealized Gains (Losses) on Defined Benefit Plans(b)
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
(millions)
Balance at April 2, 2011
 
$
216

 
$
4

 
$

 
$
(4
)
 
$
216

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
OCI before reclassifications
 
(50
)
(c) 
29

 
1

 
(2
)
 
(22
)
Amounts reclassified from AOCI to earnings
 

 
3

 

 

 
3

Other comprehensive income (loss), net of tax
 
(50
)
 
32

 
1

 
(2
)
 
(19
)
Balance at March 31, 2012
 
166

 
36

 
1

 
(6
)
 
197

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
OCI before reclassifications
 
(93
)
(c) 
19

 
4

 
(1
)
 
(71
)
Amounts reclassified from AOCI to earnings
 

 
(32
)
 

 

 
(32
)
Other comprehensive income (loss), net of tax
 
(93
)
 
(13
)
 
4

 
(1
)
 
(103
)
Balance at March 30, 2013
 
73

 
23

 
5

 
(7
)
 
94

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
OCI before reclassifications
 
52

(c) 
(20
)
 
(4
)
 

 
28

Amounts reclassified from AOCI to earnings
 

 
(7
)
 
(1
)
 

 
(8
)
Other comprehensive income (loss), net of tax
 
52

 
(27
)
 
(5
)
 

 
20

Balance at March 29, 2014
 
$
125

 
$
(4
)
 
$

 
$
(7
)
 
$
114

 
(a) 
OCI before reclassifications to earnings for Fiscal 2013 and Fiscal 2012 are net of tax provisions of $1 million and $5 million, respectively. The tax effect for Fiscal 2014 activity was not material. The tax effects on amounts reclassified to earnings are presented in a table below.
(b) 
All amounts are presented net of taxes, which are not material.
(c) 
Foreign currency translation gains (losses) include tax provisions of $2 million, $3 million, and $4 million for Fiscal 2014, Fiscal 2013, and Fiscal 2012, respectively.
The following table presents reclassifications from AOCI to earnings, by component:
 
 
Fiscal Year Ended
 
 
 
 
March 29, 2014
 
March 30, 2013
 
March 31, 2012
 
Location of Gains (Losses)
Reclassified from AOCI to Earnings
 
 
(millions)
 
 
Gains (losses) on derivative financial instruments(a):
 
 
 
 
 
 
 
 
    FC — Inventory purchases
 
$
10

 
$
32

 
$
(2
)
 
Cost of goods sold
    FC — Other
 

 
4

 
(3
)
 
Foreign currency gains (losses)
    Tax effect
 
(3
)
 
(4
)
 
2

 
Provision for income taxes
Net of tax
 
$
7

 
$
32

 
$
(3
)
 
 
 
 
 
 
 
 
 
 
 
Gains on available-for-sale securities:
 
 
 
 
 
 
 
 
    Sales of available-for-sale securities
 
$
1

 
$

 
$

 
Interest and other income, net
    Tax effect
 

 

 

 
Provision for income taxes
Net of tax
 
$
1

 
$

 
$

 
 
 
(a)
FC = Forward foreign currency exchange contracts.