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Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The following table presents the components of other comprehensive income (loss), net of tax, accumulated in equity:
 
 
Foreign Currency Translation Losses(a)
 
Net Unrealized Gains (Losses) on Cash Flow Hedges(b)
 
Net Unrealized Gains (Losses) on Defined
Benefit Plans(c)
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
(millions)
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
)
 
 
 
 
 
 
 
 
 
Balance at April 2, 2016
 
$
(157
)
 
$
(12
)
 
$
(12
)
 
$
(181
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
OCI before reclassifications
 
(87
)
 
42

 
1

 
(44
)
Amounts reclassified from AOCI to earnings
 

 
1

 
1

 
2

Other comprehensive income (loss), net of tax
 
(87
)
 
43

 
2

 
(42
)
Balance at December 31, 2016
 
$
(244
)
 
$
31

 
$
(10
)
 
$
(223
)
 
(a)
OCI before reclassifications to earnings related to foreign currency translation losses includes an income tax provision of $19 million for the nine months ended December 31, 2016, and is net of an income tax benefit of $2 million for the nine months ended December 26, 2015. OCI before reclassifications to earnings for the nine-month periods ended December 31, 2016 and December 26, 2015 include a gain of $28 million (net of a $17 million income tax provision) and a loss of $4 million (net of a $3 million income tax benefit), respectively, 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 12).
(b) 
OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges are net of income tax provisions of $5 million and $1 million for the nine-month periods ended December 31, 2016 and December 26, 2015, 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 for the periods presented:
 
 
Three Months Ended
 
Nine Months Ended
 
Location of Gains (Losses)
Reclassified from AOCI
to Earnings
 
 
December 31,
2016
 
December 26,
2015
 
December 31,
2016
 
December 26,
2015
 
 
 
(millions)
 
 
Gains (losses) on cash flow hedges(a):
 
 
 
 
 
 
 
 
 
 
    FC  Cash flow hedges
 
$
(3
)
 
$
13

 
$
(4
)
 
$
29

 
Cost of goods sold
    FC  Cash flow hedges
 
9

 

 
3

 

 
Foreign currency gains (losses)
    Tax effect
 
(1
)
 
(2
)
 

 
(2
)
 
Provision for income taxes
        Net of tax
 
$
5

 
$
11

 
$
(1
)
 
$
27

 
 
 
(a) 
FC = Forward foreign currency exchange contracts.