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Accumulated Other Comprehensive Income
9 Months Ended
Dec. 26, 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(b)
 
Net Unrealized Losses on Defined
Benefit Plans(c)
 
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
 
(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
)
 
 
 
 
 
 
 
 
 
Balance at March 28, 2015
 
$
(193
)
 
$
43

 
$
(15
)
 
$
(165
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
OCI before reclassifications
 
(13
)
 
3

 
1

 
(9
)
Amounts reclassified from AOCI to earnings
 

 
(27
)
 
1

 
(26
)
Other comprehensive income (loss), net of tax
 
(13
)
 
(24
)
 
2

 
(35
)
Balance at December 26, 2015
 
$
(206
)
 
$
19

 
$
(13
)
 
$
(200
)
 
(a)
OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes income tax benefits of $2 million for each of the nine-month periods ended December 26, 2015 and December 27, 2014. OCI before reclassifications to earnings for the nine months ended December 26, 2015 also includes losses of $4 million (net of a $3 million income tax benefit) 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) 
OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges is net of income tax provisions of $1 million and $6 million for the nine-month periods ended December 26, 2015 and December 27, 2014, respectively. The tax effects on amounts reclassified from AOCI to earnings are presented in a table below.
(c) 
Activity is presented net of taxes, which were immaterial for both periods presented.
The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
 
 
Three Months Ended
 
Nine Months Ended
 
Location of Gains (Losses)
Reclassified from AOCI
to Earnings
 
 
December 26,
2015
 
December 27,
2014
 
December 26,
2015
 
December 27,
2014
 
 
 
(millions)
 
 
Gains (losses) on cash flow hedges(a):
 
 
 
 
 
 
 
 
 
 
    FC  Inventory purchases
 
$
13

 
$

 
$
29

 
$
(2
)
 
Cost of goods sold
    FC  Other
 

 
11

 

 
16

 
Foreign currency gains (losses)
    Tax effect
 
(2
)
 
(3
)
 
(2
)
 
(3
)
 
Provision for income taxes
        Net of tax
 
$
11

 
$
8

 
$
27

 
$
11

 
 
 
(a) 
FC = Forward foreign currency exchange contracts.