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Fair Value (Tables)
12 Months Ended
Mar. 31, 2017
Fair Value Disclosures [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 13 - "Retirement and Other Post-Retirement Benefit Plans") and derivative assets and liabilities (see Note 7 - "Derivative Instruments"), that are measured at fair value on a recurring basis. There were no transfers between any of the levels during the periods presented.
 
 
 
 
Fair Value Hierarchy
(in millions)
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets:
 
March 31, 2017
Money market funds and money market deposit accounts
 
$
406

 
$
406

 
$

 
$

Deferred purchase price receivable
 
252

 

 

 
252

Total assets
 
$
658

 
$
406

 
$

 
$
252

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Contingent consideration
 
$
7

 
$

 
$

 
$
7

Total liabilities
 
$
7


$


$


$
7


 
 
April 1, 2016
Assets:
 
 
 
 
 
 
 
 
Money market funds and money market deposit accounts
 
$
348

 
$
348

 
$

 
$

Time deposits
 
1

 
1

 

 

Available for sale equity investments
 
66

 
66

 
 
 
 
Total assets
 
$
415

 
$
415

 
$

 
$