Derivative Instruments (Tables)

6 Months Ended

Oct. 03, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair values of derivative instruments included in the Consolidated Condensed Balance Sheets

The following table presents the fair values of derivative instruments included on the Consolidated Condensed Balance Sheets as of October 3, 2014 and March 28, 2014:



	Derivative Assets					Derivative Liabilities
(Amounts in millions)	Balance sheet line item	As of October 3, 2014		As of March 28, 2014		Balance sheet line item	As of October 3, 2014		As of March 28, 2014

Derivatives designated for hedge accounting:
Interest rate	Other assets	$	7	$	3	Other long-term liabilities	$	—	$	—
Foreign Currency forward contracts	Prepaid expense and other current assets	—		—		Accrued expenses and other current liabilities	6		—
Total fair value of derivatives designated for hedge accounting		$	7	$	3		$	6	$	—

Derivatives not designated for hedge accounting:
Foreign Currency forward contracts	Prepaid expense and other current assets	$	—	$	2	Accrued expenses and other current liabilities	$	5	$	4
Total fair value of derivatives not designated for hedge accounting		$	—	$	2		$	5	$	4

Schedule of pre-tax gains (losses) related to the fair value hedges and the related hedged items

The following table presents the pre-tax gains (losses) related to the fair value hedges and the related hedged items, for the quarters ended October 3, 2014 and September 27, 2013, respectively:



	Derivative Instrument						Hedged Item
(Amounts in millions)	Statement of Operations line item	Gain (Loss) for the Quarter Ended					Balance Sheet line item	Gain (Loss) for the Quarter Ended
		October 3, 2014			September 27, 2013			October 3, 2014		September 27, 2013
Interest rate swaps	Other Income (Expense)	$	(1	)	$	5	Debt	$	1	$	(5	)

The following table presents the pre-tax gains (losses) related to the fair value hedges and the related hedged items, for the six months ended October 3, 2014 and September 27, 2013, respectively:



	Derivative Instrument					Hedged Item
(Amounts in millions)	Statement of Operations line item	Gain (Loss) for the Six Months Ended				Balance Sheet line item	Gain (Loss) for the Six Months Ended
		October 3, 2014		September 27, 2013			October 3, 2014			September 27, 2013
Interest rate swaps	Other Income (Expense)	$	4	$	5	Debt	$	(4	)	$	(5	)

Schedule of pre-tax gains (losses) associated with the cash flow hedges, recognized in accumulated OCI

The following table presents the pre-tax gains (losses) associated with the cash flow hedges, recognized in accumulated OCI, for the quarters ended October 3, 2014 and September 27, 2013, respectively:



(Amounts in millions)	Gain (Loss) recognized in Accumulated OCI (effective portion) for the Quarter Ended					Gain (Loss) reclassified into cost of services from Accumulated OCI (effective portion) for the Quarter Ended				Gain (loss) recognized in Other Income (Expense) (ineffective portion) for the Quarter Ended
	October 3, 2014			September 27, 2013		October 3, 2014		September 27, 2013		October 3, 2014		September 27, 2013
Foreign currency forward and option contracts	$	(5	)	$	—	$	—	$	—	$	—	$	—

The following table presents the pre-tax gains (losses) associated with the cash flow hedges, recognized in accumulated OCI, for the six months ended October 3, 2014 and September 27, 2013, respectively:



(Amounts in millions)	Gain (Loss) recognized in Accumulated OCI (effective portion) for the Six Months Ended					Gain (Loss) reclassified into cost of services from Accumulated OCI (effective portion) for the Six Months Ended				Gain (loss) recognized in Other Income (Expense) (ineffective portion) for the Six Months Ended
	October 3, 2014			September 27, 2013		October 3, 2014		September 27, 2013		October 3, 2014		September 27, 2013
Foreign currency forward and option contracts	$	(6	)	$	—	$	—	$	—	$	—	$	—

Schedule of pretax amounts affecting income related to derivatives not designated for hedge accounting

The following table presents the pretax amounts affecting income related to derivatives not designated for hedge accounting for the quarters ended October 3, 2014 and September 27, 2013, respectively:



		Quarter Ended						Six Months Ended
(Amounts in millions)	Statement of Operations line item	October 3, 2014			September 27, 2013			October 3, 2014			September 27, 2013
Total return swaps	Cost of services and Selling, general & administrative expenses	$	—		$	—		$	4		$	—
Foreign currency forwards and options	Other Income (Expense)	(5		)	(17		)	(4		)	(16		)
Total		$	(5	)	$	(17	)	$	—		$	(16	)

Offsetting Assets

The following table provides information about the potential effect of such netting arrangements on the Company’s derivative instruments:



	Fair Value as of
	October 3, 2014				March 28, 2014
(Amounts in millions)	Assets		Liabilities		Assets		Liabilities
Gross amount of derivative instruments recognized in Consolidated Condensed Balance Sheets	$	7	$	11	$	5	$	4
Gross amounts not offset in the Consolidated Condensed Balance Sheets ⁽¹⁾	—		—		—		—
Net amount	$	7	$	11	$	5	$	4

⁽¹⁾These amounts represent the fair value of derivative instruments subject to enforceable master netting arrangements that the Company has elected to not offset. The Company's derivative contracts do not require it to hold or post financial collateral.