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Accumulated Other Comprehensive Income
3 Months Ended
Jun. 27, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
The following table presents the components of other comprehensive income (loss), net of tax, accumulated in equity:
 
 
Foreign Currency Translation Gains
(Losses)(a)
 
Net Unrealized Gains (Losses) on Cash Flow Hedges
 
Net Unrealized Losses on Defined
Benefit Plans
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
(millions)
Balance at March 29, 2014
 
$
125

 
$
(4
)
 
$
(7
)
 
$
114

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
OCI before reclassifications(b)
 
(3
)
 

 

 
(3
)
Amounts reclassified from AOCI to earnings
 

 
2

 

 
2

Other comprehensive income (loss), net of tax
 
(3
)
 
2

 

 
(1
)
Balance at June 28, 2014
 
$
122

 
$
(2
)
 
$
(7
)
 
$
113

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

 
$
(15
)
 
$
(165
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
OCI before reclassifications(b)
 
19

 
(1
)
 

 
18

Amounts reclassified from AOCI to earnings
 

 
(7
)
 

 
(7
)
Other comprehensive income (loss), net of tax
 
19

 
(8
)
 

 
11

Balance at June 27, 2015
 
$
(174
)
 
$
35

 
$
(15
)
 
$
(154
)
 
(a)
Includes losses of $7 million (net of a $5 million income tax benefit) during the three months ended June 27, 2015 related to the effective portion of changes in the fair value of the Cross-Currency Swap designated as a hedge of the Company's net investment in certain of its European subsidiaries (see Note 13).
(b) 
Amounts are presented net of taxes. Foreign currency translation gains (losses) reflect a $4 million income tax benefit for the three months ended June 27, 2015. The tax effects relating to all other components of OCI before reclassification are immaterial for the periods presented.
The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
 
 
Three Months Ended
 
 
 
 
June 27,
2015
 
June 28,
2014
 
Location of Gains (Losses)
Reclassified from AOCI to Earnings
 
 
(millions)
 
 
Gains (losses) on cash flow hedges(a):
 
 
 
 
 
 
    FC  Inventory purchases
 
$
7

 
$
(1
)
 
Cost of goods sold
    FC  Other
 

 
(2
)
 
Foreign currency gains (losses)
    Tax effect
 

 
1

 
Provision for income taxes
        Net of tax
 
$
7

 
$
(2
)
 
 
 
(a) 
FC = Forward foreign currency exchange contracts.