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Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Apr. 02, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
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 Cash Flow Hedges(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 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
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
OCI before reclassifications
 
36

 
(19
)
 

 
1

 
18

Amounts reclassified from AOCI to earnings
 

 
(36
)
 

 
2

 
(34
)
Other comprehensive income (loss), net of tax
 
36

 
(55
)
 

 
3

 
(16
)
Balance at April 2, 2016
 
$
(157
)
 
$
(12
)
 
$

 
$
(12
)
 
$
(181
)
 
(a) 
OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes income tax benefits of $11 million and $5 million for Fiscal 2016 and Fiscal 2015, respectively, and includes an income tax provision of $2 million for Fiscal 2014. OCI before reclassifications to earnings for Fiscal 2016 includes losses of $17 million (net of an $11 million income tax benefit) related to the effective portion of changes in the fair values of the Cross-Currency Swaps designated as hedges of the Company's net investment in certain of its European subsidiaries (see Note 15).
(b) 
OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges includes an income tax benefit of $2 million for Fiscal 2016 and an income tax provision of $7 million for Fiscal 2015. The tax effect for Fiscal 2014 activity was not material. The tax effects on amounts reclassified from AOCI 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 includes an income tax benefit of $1 million for Fiscal 2015. The tax effects for both Fiscal 2016 and Fiscal 2014 were not material. The tax effects on amounts reclassified from AOCI to earnings were not material for any period presented.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
 
 
Fiscal Years Ended
 
 
 
 
April 2,
2016
 
March 28,
2015
 
March 29,
2014
 
Location of Gains (Losses)
Reclassified from AOCI to Earnings
 
 
(millions)
 
 
Gains (losses) on cash flow hedges(a):
 
 
 
 
 
 
 
 
    FC — Inventory purchases
 
$
44

 
$
3

 
$
10

 
Cost of goods sold
    FC — Other
 
(5
)
 
14

 

 
Foreign currency gains (losses)
    Tax effect
 
(3
)
 
(2
)
 
(3
)
 
Provision for income taxes
Net of tax
 
$
36

 
$
15

 
$
7

 
 
 
(a)
FC = Forward foreign currency exchange contracts.