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Fair Value (Tables)
12 Months Ended
Apr. 01, 2016
Fair Value [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents the Company’s assets and liabilities, excluding pension assets (see Note 14), that are measured at fair value on a recurring basis as of April 1, 2016 and April 3, 2015:
 
 
April 1, 2016
 
 
 
 
Fair Value Hierarchy
(Amounts in millions)
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
Money market funds and money market deposit accounts
 
$
348

 
$
348

 
$

 
$

Time deposits
 
1

 
1

 

 

Available for sale equity investments
 
66

 
66

 

 

Derivative instruments
 
15

 

 
15

 

Total assets
 
$
430

 
$
415

 
$
15

 
$

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivative instruments
 
$
11

 
$

 
$
11

 
$

Total liabilities
 
$
11


$


$
11


$


 
 
April 3, 2015
 
 
 
 
Fair Value Hierarchy
(Amounts in millions)
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
Money market funds and money market deposit accounts
 
$
344

 
$
344

 
$

 
$

Time deposits
 
411

 
411

 

 

Derivative instruments
 
20

 

 
20

 

Total assets
 
$
775

 
$
755

 
$
20

 
$

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivative instruments
 
$
5

 
$

 
$
5

 
$

Total liabilities
 
$
5

 
$

 
$
5

 
$