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Accumulated Other Comrehensive Income (Tables)
6 Months Ended
Sep. 26, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of 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 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
 
(100
)
 
28

 
1

 
(71
)
Amounts reclassified from AOCI to earnings
 

 
(3
)
 

 
(3
)
Other comprehensive income (loss), net of tax
 
(100
)
 
25

 
1

 
(74
)
Balance at September 27, 2014
 
$
25

 
$
21

 
$
(6
)
 
$
40

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

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

 

 

 
13

Amounts reclassified from AOCI to earnings
 

 
(16
)
 
1

 
(15
)
Other comprehensive income (loss), net of tax
 
13

 
(16
)
 
1

 
(2
)
Balance at September 26, 2015
 
$
(180
)
 
$
27

 
$
(14
)
 
$
(167
)
 
(a)
OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes an income tax benefit of $4 million for the six months ended September 26, 2015. The tax effect on activity for the six months ended September 27, 2014 was immaterial. OCI before reclassifications to earnings for the six months ended September 26, 2015 also includes losses of $8 million (net of a $5 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 an income tax provision of $3 million for the six months ended September 27, 2014. The tax effect on activity for the six months ended September 26, 2015 was immaterial. 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.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
 
 
Three Months Ended
 
Six Months Ended
 
Location of Gains (Losses)
Reclassified from AOCI
to Earnings
 
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
 
 
 
(millions)
 
 
Gains (losses) on cash flow hedges(a):
 
 
 
 
 
 
 
 
 
 
    FC  Inventory purchases
 
$
9

 
$
(1
)
 
$
16

 
$
(2
)
 
Cost of goods sold
    FC  Other
 

 
7

 

 
5

 
Foreign currency gains (losses)
    Tax effect
 

 
(1
)
 

 

 
Provision for income taxes
        Net of tax
 
$
9

 
$
5

 
$
16

 
$
3

 
 
 
(a) 
FC = Forward foreign currency exchange contracts.