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Stockholder's Equity
 6 Months Ended
Oct. 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 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 (ASR) 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.

The Company did not repurchase shares of its common stock through open market purchases during the second quarter of fiscal 2016. During the first six months 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 second quarter and first six months of fiscal 2015, 4,646,630 and 7,055,050 shares of common stock were repurchased, respectively, through open market purchases for an aggregate consideration of $278 million and $428 million, respectively, at a weighted average price of $59.77 and $60.63 per share, respectively. 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.

During the fourth quarter of fiscal 2015, the Company entered into an ASR arrangement (Fourth quarter ASR arrangement) with a financial institution and as part of that arrangement the Company received an initial delivery of 2,864,712 shares. During the second quarter of fiscal 2016, the Company received an additional 162,908 shares. As of October 2, 2015, the Company has repurchased 3,027,620 shares of common stock under the Fourth quarter ASR arrangement for an aggregate consideration of $202 million at a weighted average price of $66.75 per share. The final settlement under the Fourth Quarter ASR arrangement is expected to occur during the third quarter of fiscal 2016.

During the second quarter of fiscal 2015, the Company entered into an ASR arrangement (Second quarter ASR arrangement) with a financial institution by advancing cash proceeds of $125 million. At inception, the Second quarter ASR arrangement was initially settled by delivery of 1,258,651 shares to the Company. The actual number of shares required to be delivered to the Company was based on the volume weighted-average price of shares during a specified pricing period. Subsequent to the end of the second quarter, 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 repurchased under the Second quarter ASR arrangement 1,290,481 shares for a net consideration of $75 million, at an average price of $58.12 per share.
Accumulated Other Comprehensive (Loss) Income

The following tables show the activity in the components of other comprehensive loss, including the respective tax effects, and reclassification adjustments for the quarters and six months ended October 2, 2015 and October 3, 2014, respectively:
For the quarter ended October 2, 2015
(Amounts in millions)
 
Before Tax Income (Loss)
 
Tax Impact Increase (Decrease)
 
Net of Tax Income (Loss)
Foreign currency translation adjustments
 
$
(110
)
 
$
—

 
$
(110
)
Loss on foreign currency forward contracts
 
(14
)
 
—

 
(14
)
Unrealized loss on available-for-sale securities
 
(6
)
 
—

 
(6
)
Pension and other post-retirement benefit plans:
 
 
 
 
 
 
Amortization of prior service credit
 
(9
)
 
3

 
(6
)
Total pension and other post-retirement benefit plans
 
(9
)
 
3

 
(6
)
Total other comprehensive (loss) income
 
$
(139
)
 
$
3

 
$
(136
)


For the quarter ended October 3, 2014
(Amounts in millions)
 
Before Tax Income (Loss)
 
Tax Impact Increase (Decrease)
 
Net of Tax Income (Loss)
Foreign currency translation adjustments
 
$
(133
)
 
$
—

 
$
(133
)
Loss on foreign currency forward contracts
 
(5
)
 
—

 
(5
)
Pension and other post-retirement benefit plans:
 
 
 
 
 
 
Amortization of transition obligation
 
1

 
—

 
1

Amortization of prior service credit
 
(4
)
 
—

 
(4
)
Total pension and other post-retirement benefit plans
 
(3
)
 
—

 
(3
)
Total other comprehensive loss
 
$
(141
)
 
$
—

 
$
(141
)

For the six months ended October 2, 2015
(Amounts in millions)
 
Before Tax Income (Loss)
 
Tax Impact Increase (Decrease)
 
Net of Tax Income (Loss)
Foreign currency translation adjustments
 
$
(57
)
 
$
—

 
$
(57
)
Loss on foreign currency forward contracts
 
(12
)
 
—

 
(12
)
Pension and other post-retirement benefit plans:
 
 
 
 
 
 
Amortization of prior service credit
 
(18
)
 
6

 
(12
)
Foreign currency exchange rate changes
 
(1
)
 
—

 
(1
)
Total pension and other post-retirement benefit plans
 
(19
)
 
6

 
(13
)
Total other comprehensive (loss) income
 
$
(88
)
 
$
6

 
$
(82
)

For the six months ended October 3, 2014
(Amounts in millions)
 
Before Tax Income (Loss)
 
Tax Impact Increase (Decrease)
 
Net of Tax Income (Loss)
Foreign currency translation adjustments
 
$
(98
)
 
$
(1
)
 
$
(99
)
Loss on foreign currency forward contracts
 
(6
)
 
—

 
(6
)
Pension and other post-retirement benefit plans:
 
 
 
 
 
 
Amortization of transition obligation
 
1

 
—

 
1

Amortization of prior service credit
 
(5
)
 
—

 
(5
)
Total pension and other post-retirement benefit plans
 
(4
)
 
—

 
(4
)
Total other comprehensive loss
 
$
(108
)
 
$
(1
)
 
$
(109
)

The following tables show the changes in accumulated other comprehensive (loss) income, for the six months ended October 2, 2015 and October 3, 2014, 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 April 3, 2015
 
$
(316
)
 
$
(2
)
 
$
339

 
$
21

Current-period other comprehensive loss, net of taxes
 
(57
)
 
(12
)
 
(1
)
 
(70
)
Amounts reclassified from accumulated other comprehensive loss, net of taxes
 
—

 
—

 
(12
)
 
(12
)
Balance at October 2, 2015
 
$
(373
)
 
$
(14
)
 
$
326

 
$
(61
)

(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, net of taxes
 
(99
)
 
(6
)
 
—

 
(105
)
Amounts reclassified from accumulated other comprehensive loss, net of taxes
 
—

 
—

 
7

 
7

Balance at October 3, 2014
 
$
(105
)
 
$
(6
)
 
$
292

 
$
181