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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of financial assets measured at fair value on a recurring basis
Our financial assets measured at fair value on a recurring basis consist of the following:
 
March 31, 2016
 
March 31, 2015
(In millions)
Level 1
Level 2
Level 3
Total
 
Level 1
Level 2
Level 3
Total
Cash Equivalents
 
 
 
 
 
 
 
 
 
Money market funds (1)
$
2,413

$

$

$
2,413

 
$
2,880

$

$

$
2,880

Time deposits (2)




 

94


94

Repurchase agreements (2)




 
1,243



1,243

Total cash equivalents
$
2,413

$

$

$
2,413

 
$
4,123

$
94

$

$
4,217


(1) Gross unrealized gain and losses were not material for the years ended March 31, 2016 and 2015 based on quoted prices of identical investments.
(2) The carrying amounts of these cash equivalents approximated their estimated fair values because of their short maturities.