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Fair Value Measurements (Tables)

12 Months Ended

Mar. 28, 2015

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:

		March 28, 2015				March 29, 2014
		(millions)
Financial assets recorded at fair value:
Government bonds — U.S.(a)		$	—			$	1
Corporate bonds — non-U.S.(a)		8				—
Other available-for-sale investments(b)		—				2
Derivative financial instruments(b)		87				8
Total		$	95			$	11
Financial liabilities recorded at fair value:
Derivative financial instruments(b)		$	19			$	7
Total		$	19			$	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:

		March 28, 2015								March 29, 2014
		Carrying Value				Fair Value(a)				Carrying Value				Fair Value(a)
		(millions)
2.125% Senior Notes		$	298		(b)	$	304			$	298		(b)	$	300
Commercial paper notes		234				234				N/A				N/A

^(a)  Based on Level 2 measurements.

^(b)  Net of $2 million of unamortized debt issuance costs as of both March 28, 2015 and March 29, 2014.

Fair value measurements, nonrecurring

The following table summarizes the impairment charges recorded during Fiscal 2015, Fiscal 2014, and Fiscal 2013:

		Fiscal Years Ended
		March 28, 2015				March 29, 2014				March 30, 2013
		(millions)
Aggregate carrying value of long-lived assets written down to fair value		$	7			$	1			$	19
Impairment charges(a)		(7		)		(1		)		(19		)

^(a)  See Note 11 for details of impairment charges recorded in Fiscal 2015, Fiscal 2014, and Fiscal 2013.

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

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X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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