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Stockholder's Equity
 9 Months Ended
Jan. 02, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stockholder's Equity
Stockholder's Equity
Stock Repurchase Program

In May 2014, the Company’s Board of Directors approved a new share repurchase program authorizing up to $1.5 billion in share repurchases of the Company's outstanding common stock, after completion of the prior $1 billion share repurchase program. CSC has been implementing these programs through purchases in compliance with SEC rules, market conditions and applicable federal and state legal requirements. The timing, volume, and nature of share repurchases are at the discretion of management and may be suspended or discontinued at any time. No end date was established for the current repurchase program.

The shares repurchased under the approved plan are retired immediately and included in the category of authorized but unissued shares. The excess of purchase price over par value of the common shares is allocated between additional paid-in capital and retained earnings.

During the third quarter and first nine months of fiscal 2015, 150,000 and 7,205,050 shares were purchased, respectively, through open market purchases for an aggregate consideration of $9 million and $437 million, respectively, at a weighted average price of $59.09 and $60.60 per share, respectively. The Company also paid $6 million during the first quarter of fiscal 2015 for shares purchased during the fourth quarter of fiscal 2014 that had not yet settled in cash by March 28, 2014.

During the second quarter of fiscal 2015, the Company entered into an accelerated share repurchase (ASR) agreement with a financial institution by advancing cash proceeds of $125 million. At inception, the ASR was initially settled by delivery of 1,258,651 shares to the Company, all of which were immediately retired. The actual number of shares required to be delivered to the Company was based on the trading prices of the Company's stock over a defined trading execution period under the agreement.

During the third quarter of fiscal 2015, after completion of the pricing period, the financial institution returned $50 million to the Company and delivered 31,830 additional shares. As a result, the Company has repurchased under the ASR, 1,290,481 shares for a net consideration of $75 million, at an average price of $58.12 per share.

During the third quarter and first nine months ending December 27, 2013, the Company repurchased 2,405,895 and 7,279,117 shares through open market purchases for an aggregate consideration of $125 million and $354 million, respectively, at a weighted average price of $51.96 and $48.58 per share, respectively. The approximate amount for which shares may yet be purchased under the share repurchase program at January 2, 2015 is $1.1 billion.
Accumulated Other Comprehensive Income (Loss)

The following tables show the activity in the components of other comprehensive income (loss), including the respective tax effects, and reclassification adjustments for the quarter and nine months ended January 2, 2015 and December 27, 2013, respectively:
For the quarter ended January 2, 2015
(Amounts in millions)
 
Before Tax Income (Loss)
 
Tax Expense
 
Net of Tax Income (Loss)
Foreign currency translation adjustments
 
$
(90
)
 
$
—

 
$
(90
)
Loss on foreign currency forward contracts
 
(2
)
 
—

 
(2
)
Pension and other post-retirement benefit plans:
 
 
 
 
 
 
Prior service credit arising during the year
 
97

 
(39
)
 
58

Amortization of prior service costs
 
(9
)
 
3

 
(6
)
Total pension and other post-retirement benefit plans
 
88

 
(36
)
 
52

Total other comprehensive loss
 
$
(4
)
 
$
(36
)
 
$
(40
)


For the quarter ended December 27, 2013
(Amounts in millions)
 
Before Tax Income (Loss)
 
Tax Expense
 
Net of Tax Income (Loss)
Foreign currency translation adjustments
 
$
(9
)
 
$
—

 
$
(9
)
Pension and other post-retirement benefit plans:
 
 
 
 
 
 
Prior service credit
 
260

 
—

 
260

Amortization of transition obligation
 
1

 
—

 
1

Amortization of prior service cost
 
(1
)
 
—

 
(1
)
Total pension and other post-retirement benefit plans
 
260

 
—

 
260

Total other comprehensive income
 
$
251

 
$
—

 
$
251



For the nine months ended January 2, 2015
(Amounts in millions)
 
Before Tax Income (Loss)
 
Tax Expense
 
Net of Tax Income (Loss)
Foreign currency translation adjustments
 
$
(188
)
 
$
(1
)
 
$
(189
)
Loss on foreign currency forward and option contracts
 
(8
)
 
—

 
(8
)
Pension and other post-retirement benefit plans:
 
 
 
 
 

Prior service credit arising during the year
 
97

 
(39
)
 
58

Amortization of transition obligation
 
1

 
—

 
1

Amortization of prior service costs
 
(14
)
 
3

 
(11
)
Total pension and other post-retirement benefit plans
 
84

 
(36
)
 
48

Total other comprehensive loss
 
$
(112
)
 
$
(37
)
 
$
(149
)

For the nine months ended December 27, 2013
(Amounts in millions)
 
Before Tax Income (Loss)
 
Tax Expense
 
Net of Tax Income (Loss)
Foreign currency translation adjustments
 
$
(91
)
 
$
(2
)
 
$
(93
)
Pension and other post-retirement benefit plans:
 
 
 
 
 
 
Net actuarial gain
 
2

 
—

 
2

Prior service credit
 
260

 
—

 
260

Amortization of transition obligation
 
1

 
—

 
1

Amortization of prior service cost
 
(2
)
 
—

 
(2
)
Foreign currency exchange rate changes
 
(1
)
 
—

 
(1
)
Total pension and other post-retirement benefit plans
 
260

 
—

 
260

Total other comprehensive income
 
$
169

 
$
(2
)
 
$
167


The following tables show the changes in accumulated other comprehensive income (loss), for the nine months ended January 2, 2015 and December 27, 2013, respectively:
(Amounts in millions)
 
Foreign Currency Translation Adjustments
 
Cash Flow Hedge
 
Pension and Other Post-retirement Benefit Plans
 
Accumulated Other Comprehensive Income (Loss)
Balance at March 28, 2014
 
$
(6
)
 
$
—

 
$
285

 
$
279

Current-period other comprehensive (loss) income, net of taxes
 
(189
)
 
(8
)
 
58

 
(139
)
Amounts reclassified from accumulated other comprehensive loss, net of taxes
 
—

 
—

 
1

 
1

Balance at January 2, 2015
 
$
(195
)
 
$
(8
)
 
$
344

 
$
141



(Amounts in millions)
 
Foreign Currency Translation Adjustments
 
Pension and Other Post-retirement Benefit Plans
 
Accumulated Other Comprehensive Income (Loss)
Balance at March 29, 2013
 
$
74

 
$
34

 
$
108

Current-period other comprehensive (loss) income, net of taxes
 
(93
)
 
261

 
168

Amounts reclassified from accumulated other comprehensive loss, net of taxes
 
—

 
(10
)
 
(10
)
Balance at December 27, 2013
 
$
(19
)
 
$
285

 
$
266