Income Taxes (Tables)

12 Months Ended

Mar. 28, 2014

Income Taxes [Abstract]

Sources of income before income taxes classified between domestic and foreign entities

The sources of (loss) income from continuing operations, before income taxes, classified between domestic entities and those entities domiciled outside of the United States, are as follows:

	Twelve Months Ended
(Amounts in millions)	March 28, 2014		March 29, 2013			March 30, 2012
	(As Adjusted)		(As Adjusted)			(As Restated and Adjusted)
Domestic entities	$	574	$	(113	)	$	(764	)
Entities outside the United States	689		348			(228		)
Total	$	1,263	$	235		$	(992	)

Components of the income tax provision

The income tax (benefit) expense on income (loss) from continuing operations is comprised of:

	Twelve Months Ended
(Amounts in millions)	March 28, 2014		March 29, 2013			March 30, 2012
	(As Adjusted)		(As Adjusted)			(As Restated and Adjusted)
Current:
Federal	$	81	$	(330	)	$	(80	)
State	7		(5		)	11
Foreign	126		174			92
	214		(161		)	23
Deferred:
Federal	119		76			(212		)
State	25		(18		)	(33		)
Foreign	25		41			(6		)
	169		99			(251		)
Total income tax expense (benefit)	$	383	$	(62	)	$	(228	)

Federal statutory tax rate to effective tax rate reconciliation

The major elements contributing to the difference between the U.S. federal statutory tax rate of 35% and the effective tax rate (ETR) for continuing operations are as follows:

	Twelve Months Ended
	March 28, 2014		March 29, 2013		March 30, 2012
	(As Adjusted)		(As Adjusted)		(As Restated and Adjusted)
Statutory rate	35.0	%	35.0	%	(35.0	)%
State income tax, net of federal tax	1.8		(2.6	)	(1.9	)
Change in uncertain tax positions	2.9		2.4		2.5
Foreign tax rate differential	2.8		(126.7	)	(23.5	)
Income tax credits	(0.3	)	(0.1	)	(2.6	)
Valuation allowance	(11.8	)	175.2		40.4
Change in entity tax status	—		(0.7	)	(3.2	)
Loss on sale of securities	0.8		(105.4	)	—
Tax audit settlements	—		—		(11.2	)
Goodwill impairment	—		—		8.1
Other items, net	(0.9	)	(3.5	)	3.4
Effective tax rate	30.3	%	(26.4	)%	(23.0	)%

Components of deferred tax assets and liabilities

The deferred tax assets (liabilities) are as follows:

(Amounts in millions)	March 28, 2014			March 29, 2013
	(As Restated)			(As Restated)
Deferred Tax Assets
Employee benefits	$	333		$	558
Tax loss/credit carryforwards	919			1,056
Accrued interest	20			47
State taxes	10			13
Cumulative foreign exchange gain/loss	2			14
Contract Accounting	38			—
Other assets	66			111
Total Deferred Tax Assets	1,388			1,799
Valuation allowance	(1,006		)	(1,244		)
Net Deferred Tax Assets	382			555
Deferred Tax Liabilities
Depreciation and amortization	(341		)	(322		)
Contract accounting	—			(53		)
Investment basis differences	(126		)	(128		)
Other liabilities	(112		)	(75		)
Total Deferred Tax Liabilities	(579		)	(578		)
Total Deferred Tax Liabilities	$	(197	)	$	(23	)

Balance of uncertain tax positions (excluding interest and penalties and related tax carryforwards)

The following table summarizes the activity related to the Company’s uncertain tax positions (excluding interest and penalties and related tax attributes):

	Twelve Months Ended
(Amounts in millions)	March 28, 2014			March 29, 2013			March 30, 2012
	(As Restated)			(As Restated)			(As Restated)
Balance at Beginning of Fiscal Year	$	294		$	340		$	483
Gross increases related to prior year tax positions	31			7			27
Gross decreases related to prior year tax positions	(27		)	(40		)	(134		)
Gross increases related to current year tax positions	10			8			25
Settlements and statute of limitation expirations	(1		)	(18		)	(115		)
Current year acquisitions	—			—			56
Foreign exchange and others	(8		)	(3		)	(2		)
Balance at End of Fiscal Year	$	299		$	294		$	340

Tax Examination Status

The Company is currently under examination in several tax jurisdictions. A summary of the tax years that remain subject to examination in certain of the Company’s major tax jurisdictions are:

Jurisdiction:	Tax Years that Remain Subject to Examination (Fiscal Year Ending):
United States – Federal	2008 and forward
United States – Various States	2001 and forward
Australia	2010 and forward
Canada	2008 and forward
Denmark	2009 and forward
France	2009 and forward
Germany	2006 and forward
India	2008 and forward
United Kingdom	2010 and forward

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Income tax related assets are included in the accompanying balance sheet as follows:

(Amounts in millions)	March 28, 2014		March 29, 2013
Current:
Prepaid Expenses & Other Current Assets	$	11	$	24
Income Tax Receivables	92		239
Receivable for Uncertain Tax Positions	—		8
	103		271
Non-current:
Income Taxes Receivable and Prepaid Taxes	123		70
Other Deferred tax Assets	123		184
	246		254
Total	$	349	$	525

Income tax related liabilities are included in the accompanying balance sheet as follows:

(Amounts in millions)	March 28, 2014			March 29, 2013
Current:
Deferred Income Taxes	$	(25	)	$	—
Income Taxes Payable	(52		)	(41		)
	(77		)	(41		)
Non-current:
Deferred Taxes	(307		)	(231		)
Non-current Tax Liability for Uncertain Tax Positions	(250		)	(270		)
	(557		)	(501		)
Total	$	(634	)	$	(542	)