Reconciliation of Previously Reported Amounts

9 Months Ended

Dec. 30, 2016

Accounting Changes and Error Corrections [Abstract]

Reconciliation of Previously Reported Amounts

Reconciliation of Previously Reported Amounts

During fiscal 2016, the Company identified certain errors in previously issued financial statements related to income taxes. These errors resulted in adjustments to the unaudited Condensed Consolidated Financial Statements for the three and six months ended October 2, 2015. The Company considered the guidance in ASC 250-10-S99-2 “Considering the Effects of Prior Year Misstatements When Quantifying Misstatements in the Current Year Financial Statements” in evaluating the effects of these misstatements on the Company's previously issued financial statements and concluded that the previously issued financial statements were not materially misstated. To correct these misstatements, the Company increased income from continuing operations by $3 million for the three months ended January 1, 2016 and decreased income from continuing operations by $6 million for the nine months ended January 1, 2016.

As described in Note 1, Basis of Presentation, the Company adopted ASU 2016-09 in the fourth quarter of fiscal 2016, which requires us to reflect any adjustments as of April 4, 2015, the beginning of the annual period that includes the adoption. A reconciliation of the amounts previously reported on Form 10-Q to those as adjusted within the accompanying unaudited Condensed Consolidated Statements of Operations is shown in the tables below for selected financial amounts:

(in millions)	Three months ended January 1, 2016
Condensed Consolidated Statements of Operations (unaudited)	As Previously Reported		Correction of Prior Period Misstatement(1)			Adoption of ASU 2016-09			As Adjusted
Income from continuing operations, before taxes	$	78	$	—		$	—		$	78
Income tax expense (benefit)	$	63	$	(3	)	$	(4	)	$	56
Income from continuing operations	$	15	$	3		$	4		$	22
Income from discontinued operations	$	30	$	—		$	—		$	30
Net income	$	45	$	3		$	4		$	52
Net income attributable to CSC common stockholders	$	43	$	3		$	4		$	50

(in millions)	Nine months ended January 1, 2016
Condensed Consolidated Statements of Operations (unaudited)	As Previously Reported		Correction of Prior Period Misstatement(1)			Adoption of ASU 2016-09			As Adjusted
Income from continuing operations, before taxes	$	197	$	—		$	—		$	197
Income tax expense (benefit)	$	31	$	6		$	(20	)	$	17
Income (loss) from continuing operations	$	166	$	(6	)	$	20		$	180
Income from discontinued operations	$	216	$	—		$	—		$	216
Net income (loss)	$	382	$	(6	)	$	20		$	396
Net income (loss) attributable to CSC common stockholders	$	370	$	(6	)	$	20		$	384

⁽¹⁾ Reflects the correction of misstatements identified related to previously issued financial statements as described in Note 1 - Basis of Presentation.