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Accumulated Other Comprehensive Income (Tables)
 9 Months Ended
Dec. 27, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents other comprehensive income (loss) ("OCI") activity, net of tax, which is accumulated in equity:
 
 
Foreign Currency Translation Gains (Losses)
 
Net Unrealized Gains (Losses) on Derivative Financial Instruments
 
Net Unrealized Gains (Losses) on Available-for-Sale Investments
 
Net Unrealized Gains (Losses) on Defined Benefit Plans
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
(millions)
Balance at March 30, 2013
 
$
73

 
$
23

 
$
5

 
$
(7
)
 
$
94

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
OCI before reclassifications(a)
 
42

 
(20
)
 
(4
)
 
—

 
18

Amounts reclassified from AOCI to earnings
 
—

 
(7
)
 
(1
)
 
—

 
(8
)
Other comprehensive income (loss), net of tax
 
42

 
(27
)
 
(5
)
 
—

 
10

Balance at December 28, 2013
 
$
115

 
$
(4
)
 
$
—

 
$
(7
)
 
$
104

 
 
 
 
 
 
 
 
 
 
 
Balance at March 29, 2014
 
$
125

 
$
(4
)
 
$
—

 
$
(7
)
 
$
114

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
OCI before reclassifications(a)
 
(174
)
 
48

 
—

 
1

 
(125
)
Amounts reclassified from AOCI to earnings
 
—

 
(11
)
 
—

 
—

 
(11
)
Other comprehensive income (loss), net of tax
 
(174
)
 
37

 
—

 
1

 
(136
)
Balance at December 27, 2014
 
$
(49
)
 
$
33

 
$
—

 
$
(6
)
 
$
(22
)

 
(a) 
Amounts are presented net of taxes. Foreign currency translation gains (losses) are net of a $2 million income tax benefit for the nine months ended December 27, 2014, and are net of a $2 million provision for income taxes for the nine months ended December 28, 2013. The net unrealized gain on derivative financial instruments for the nine months ended December 27, 2014 is net of a $6 million provision for income taxes. The tax effects relating to all other components of OCI before reclassification are immaterial for the periods presented.
Reclassification out of Accumulated Other Comprehensive Income
 
 
Gains (Losses) Reclassified from AOCI to Earnings
 
Location of Gains (Losses) Reclassified from
AOCI to Earnings
 
 
Three Months Ended
 
Nine Months Ended
 
Derivative Instrument
 
December 27,
2014
 
December 28,
2013
 
December 27,
2014
 
December 28,
2013
 
 
 
 
 
(millions)
 
 
 
 
Designated Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
 
FC — Inventory purchases
 
$
—

 
$
3

 
$
(2
)
 
$
9

 
Cost of goods sold
FC — Other
 
11

 
1

 
16

 
—

 
Foreign currency gains (losses)
 
 
$
11

 
$
4

 
$
14

 
$
9

 
 
The following table presents reclassifications from AOCI to earnings for derivative financial instruments, by component:
 
 
Three Months Ended
 
Nine Months Ended
 
Location of Gains (Losses)
Reclassified from AOCI to Earnings
 
 
December 27,
2014
 
December 28,
2013
 
December 27,
2014
 
December 28,
2013
 
 
 
(millions)
 
 
Gains (losses) on derivative financial instruments(a):
 
 
 
 
 
 
 
 
 
 
    FC — Inventory purchases
 
$
—

 
$
3

 
$
(2
)
 
$
9

 
Cost of goods sold
    FC — Other
 
11

 
1

 
16

 
—

 
Foreign currency gains (losses)
    Tax effect
 
(3
)
 
(1
)
 
(3
)
 
(2
)
 
Provision for income taxes
Net of tax
 
$
8

 
$
3

 
$
11

 
$
7

 
 
 
(a) 
FC = Forward foreign currency exchange contracts.