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Fair Value Measurements (Tables)
6 Months Ended
Sep. 27, 2014
Fair Value Disclosures [Abstract]  
Fair value of financial assets and liabilities measured and recorded at fair value on recurring basis
The following table summarizes the Company's financial assets and liabilities that are measured and recorded at fair value on a recurring basis:
 
 
September 27,
2014
 
March 29,
2014
 
 
(millions)
Financial assets recorded at fair value:
 
 
 
 
Government bonds(a)
 
$

 
$
1

Auction rate securities(b)
 
2

 
2

Derivative financial instruments(b)
 
44

 
8

Total
 
$
46

 
$
11

Financial liabilities recorded at fair value:
 
 
 
 
Derivative financial instruments(b)
 
$
5

 
$
7

Total
 
$
5

 
$
7

 
(a) 
Based on Level 1 measurements.
(b) 
Based on Level 2 measurements.
Carrying value and the estimated fair value of the Company's debt obligations
The following table summarizes the carrying values and the estimated fair values of the Company's debt instruments:
 
 
September 27, 2014
 
March 29, 2014
 
 
Carrying
Value
 
Fair
Value(a)
 
Carrying
Value
 
Fair
Value(a)
 
 
(millions)
2.125% Senior Notes
 
$
300

 
$
301

 
$
300

 
$
300

Commercial paper notes
 
210

 
210

 
N/A

 
N/A

 
(a) 
Based on Level 2 measurements.