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Pension and Other Post-Retirement Benefit Plans (Tables)
 9 Months Ended
Jan. 01, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule of defined benefit plans disclosures
The net periodic pension benefit for U.S. and non-U.S. pension plans included the following components:
 
 
Quarter Ended
 
 
U.S. Plans
 
Non-U.S. Plans
(Amounts in millions)
 
January 1, 2016
 
January 2, 2015
 
January 1, 2016
 
January 2, 2015
Service cost
 
$
—

 
$
1

 
$
6

 
$
5

Interest cost
 
22

 
38

 
23

 
29

Expected return on assets
 
(37
)
 
(61
)
 
(46
)
 
(44
)
Amortization of transition obligation
 
—

 
—

 
—

 
—

Amortization of prior service credit
 
—

 
—

 
(2
)
 
(2
)
Recognition of actuarial (gains) losses
 
(20
)
 
374

 
(7
)
 
26

Contractual termination losses (gains)
 
—

 
—

 
7

 
(1
)
Settlement Loss
 
—

 
56

 
—

 
3

Net periodic pension (benefit) expense
 
$
(35
)
 
$
408

 
$
(19
)
 
$
16


 
 
Nine Months Ended
 
 
U.S. Plans
 
Non-U.S. Plans
(Amounts in millions)
 
January 1, 2016
 
January 2, 2015
 
January 1, 2016
 
January 2, 2015
Service cost
 
$
2

 
$
3

 
$
19

 
$
17

Interest cost
 
86

 
114

 
69

 
90

Expected return on assets
 
(145
)
 
(182
)
 
(136
)
 
(138
)
Amortization of transition obligation
 
—

 
—

 
—

 
1

Amortization of prior service credit
 
—

 
—

 
(7
)
 
(8
)
Recognition of actuarial (gains) losses
 
(20
)
 
375

 
(7
)
 
26

Contractual termination losses (gains)
 
—

 
—

 
7

 
(8
)
Settlement loss
 
—

 
58

 
—

 
3

Net periodic pension (benefit) expense
 
$
(77
)
 
$
368

 
$
(55
)
 
$
(17
)

The weighted-averages of the assumptions used to determine net periodic pension (benefit) expense for the third quarter and the nine months of fiscal 2016 and fiscal 2015, are as follows.
 
U.S. Plans
 
Non-U.S. Plans
 
January 1, 2016
 
January 2, 2015
 
January 1, 2016
 
January 2, 2015
Discount or settlement rates
3.9
%
 
4.6
%
 
3.0
%
 
4.3
%
Expected long-term rates of return on assets
7.9
%
 
7.6
%
 
6.3
%
 
6.5
%
Rates of increase in compensation levels
4.4
%
 
4.4
%
 
2.8
%
 
3.4
%
The components of net periodic (benefit) expense for the other post-retirement benefit plans, reported on a global basis, included the following:
 
 
Quarter Ended
(Amounts in millions)
 
January 1, 2016
 
January 2, 2015
Service cost
 
$
1

 
$
—

Interest cost
 
1

 
2

Expected return on assets
 
(1
)
 
(2
)
Amortization of prior service credit
 
(5
)
 
(7
)
Recognition of actuarial (gains) losses
 
(1
)
 
1

Net periodic post-retirement benefit
 
$
(5
)
 
$
(6
)

 
 
Nine Months Ended
(Amounts in millions)
 
January 1, 2016
 
January 2, 2015
Service cost
 
$
1

 
$
2

Interest cost
 
3

 
6

Expected return on assets
 
(4
)
 
(5
)
Amortization of prior service credit
 
(17
)
 
(8
)
Recognition of actuarial (gains) losses
 
(1
)
 
1

Net provision for post-retirement benefit
 
$
(18
)
 
$
(4
)

The weighted-averages of the assumptions used to determine net periodic post-retirement (benefit) expense for the third quarter and first nine months of fiscal 2016 and 2015, are as follows.
 
 
Nine Months Ended
 
 
January 1, 2016
 
January 2, 2015
Discount or settlement rates
 
3.7
%
 
4.3
%
Expected long-term rates of return on assets
 
7.7
%
 
7.5
%