Equity (Tables)

3 Months Ended

Jun. 28, 2014

A reconciliation of the beginning and ending amounts of equity is presented below:



	Three Months Ended
	June 28, 2014			June 29, 2013
	(millions)
Balance at beginning of period	$	4,034		$	3,785
Comprehensive income	161			169
Dividends declared	(39		)	(36		)
Repurchases of common stock, including shares surrendered for tax withholdings	(211		)	(201		)
Stock-based compensation	23			22
Shares issued and tax benefits recognized pursuant to stock-based compensation arrangements	18			22
Conversion of stock-based compensation awards	(14		)	—
Balance at end of period	$	3,972		$	3,761

Summary of Repurchased Common Stock

A summary of the Company's repurchases of Class A common stock under its common stock repurchase program is presented below:



	Three Months Ended
	June 28, 2014		June 29, 2013
	(millions)
Cost of shares repurchased	$	180	$	150	^(a)
Number of shares repurchased	1.2		0.9		^(a)

^(a)

Includes a $50 million payment made in March 2013 under a share repurchase program with a third-party financial institution, in exchange for the right to receive shares of the Company's Class A common stock at the conclusion of the 93-day repurchase term. The related 0.3 million shares were delivered to the Company during the three months ended June 29, 2013, based on the volume-weighted average market price of the Company's Class A common stock over the 93-day repurchase term, less a discount. Further, in June 2013, the Company prepaid an additional $50 million under a separate share repurchase program with a third-party financial institution, in exchange for the right to receive shares of its Class A common stock at the conclusion of a repurchase term of up to 93 days based on the volume-weighted average market price of its Class A common stock over such term, less a discount. Such prepayment has not been included in the table above.