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Stockholder's Equity
 3 Months Ended
Jul. 03, 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 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.

The Company repurchases shares through a combination of open market purchases and Accelerated Share Repurchase Arrangements 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 has been established for the current repurchase program. The shares repurchased are retired immediately and included in the category of authorized but unissued shares. For accounting purposes, the excess of purchase price over par value of the common shares is allocated between additional paid-in capital and retained earnings.

During the first quarter of fiscal 2016, the Company repurchased 1,780,224 shares of common stock through open market purchases for an aggregate consideration of $118 million, at a weighted average price of $66.36 per share.

During the first quarter of fiscal 2015, the Company repurchased 2,408,420 shares of common stock through open market purchases for an aggregate consideration of $150 million (of which $8 million was accrued as of July 4, 2014), at a weighted average price of $62.28 per share. The Company paid $6 million during the first quarter of fiscal 2015 for shares repurchased during the fourth quarter of fiscal 2014 that had not yet settled in cash by March 28, 2014.
Accumulated Other Comprehensive Income

The following tables show the activity in the components of other comprehensive income, including the respective tax effects, and reclassification adjustments for the quarters ended July 3, 2015 and July 4, 2014, respectively:
For the quarter ended July 3, 2015
(Amounts in millions)
 
Before Tax Income (Loss)
 
Tax Impact Increase (Decrease)
 
Net of Tax Income (Loss)
Foreign currency translation adjustments
 
$
53

 
$
—

 
$
53

Gain on foreign currency forward contracts
 
2

 
—

 
2

Unrealized gain on available-for-sale securities
 
6

 
—

 
6

Pension and other post-retirement benefit plans:
 
 
 
 
 
 
Amortization of prior service costs
 
(9
)
 
3

 
(6
)
Foreign currency exchange rate changes
 
(1
)
 
—

 
(1
)
Total pension and other post-retirement benefit plans
 
(10
)
 
3

 
(7
)
Total other comprehensive income
 
$
51

 
$
3

 
$
54



For the quarter ended July 4, 2014
(Amounts in millions)
 
Before Tax Income (Loss)
 
Tax Impact Increase (Decrease)
 
Net of Tax Income (Loss)
Foreign currency translation adjustments
 
$
35

 
$
(1
)
 
$
34

Loss on foreign currency forward contracts
 
(1
)
 
—

 
(1
)
Pension and other post-retirement benefit plans:
 
 
 
 
 
 
Amortization of prior service credit
 
(1
)
 
—

 
(1
)
Total other comprehensive income
 
$
33

 
$
(1
)
 
$
32



The following tables show the changes in accumulated other comprehensive income, for the quarters ended July 3, 2015 and July 4, 2014, respectively:
(Amounts in millions)
 
Foreign Currency Translation Adjustments
 
Cash Flow Hedge
 
Available-for-Sale Security
 
Pension and Other Post-retirement Benefit Plans
 
Accumulated Other Comprehensive Income (Loss)
Balance at April 3, 2015
 
$
(316
)
 
$
(2
)
 
$
—

 
$
339

 
$
21

Current-period other comprehensive income, net of taxes
 
53

 
2

 
6

 
(1
)
 
60

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

 
—

 
—

 
(6
)
 
(6
)
Balance at July 3, 2015
 
$
(263
)
 
$
—

 
$
6

 
$
332

 
$
75


(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
 
34

 
(1
)
 
—

 
33

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

 
—

 
(1
)
 
(1
)
Balance at July 4, 2014
 
$
28

 
$
(1
)
 
$
284

 
$
311