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Accumulated Other Comprehensive Income
12 Months Ended
Mar. 28, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
The following table presents OCI activity, net of tax, which is accumulated in equity:
 
 
Foreign Currency Translation Gains (Losses)(a)
 
Net Unrealized Gains (Losses) on Derivative Financial Instruments(b)
 
Net Unrealized Gains (Losses) on Available-for-Sale Investments(c)
 
Net Unrealized Gains (Losses) on Defined Benefit Plans(d)
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
(millions)
Balance at March 31, 2012
 
$
166

 
$
36

 
$
1

 
$
(6
)
 
$
197

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

 
(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

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
OCI before reclassifications
 
(318
)
 
62

 

 
(9
)
 
(265
)
Amounts reclassified from AOCI to earnings
 

 
(15
)
 

 
1

 
(14
)
Other comprehensive income (loss), net of tax
 
(318
)
 
47

 

 
(8
)
 
(279
)
Balance at March 28, 2015
 
$
(193
)
 
$
43

 
$

 
$
(15
)
 
$
(165
)
 
(a) 
OCI before reclassifications to earnings related to foreign currency translation gains (losses) is net of an income tax benefit of $5 million for Fiscal 2015, and is net of income tax provisions of $2 million and $3 million for Fiscal 2014 and Fiscal 2013, respectively.
(b) 
OCI before reclassifications to earnings related to net unrealized gains (losses) on derivative financial instruments is net of income tax provisions of $7 million and $1 million for Fiscal 2015 and Fiscal 2013, 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.
(c) 
All amounts are presented net of taxes, which were not material.
(d) 
OCI before reclassifications to earnings related to net unrealized gains (losses) on defined benefit plans is net of an income tax benefit of $1 million for Fiscal 2015. The tax effects for both Fiscal 2014 and Fiscal 2013 were not material. The tax effects on amounts reclassified to earnings were not material for any period presented.
The following table presents reclassifications from AOCI to earnings for derivative financial instruments, by component:
 
 
Fiscal Years Ended
 
 
 
 
March 28,
2015
 
March 29,
2014
 
March 30,
2013
 
Location of Gains (Losses)
Reclassified from AOCI to Earnings
 
 
(millions)
 
 
Gains (losses) on derivative financial instruments(a):
 
 
 
 
 
 
 
 
    FC — Inventory purchases
 
$
3

 
$
10

 
$
32

 
Cost of goods sold
    FC — Other
 
14

 

 
4

 
Foreign currency gains (losses)
    Tax effect
 
(2
)
 
(3
)
 
(4
)
 
Provision for income taxes
Net of tax
 
$
15

 
$
7

 
$
32

 
 
 
(a)
FC = Forward foreign currency exchange contracts.