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Stockholders' Equity (Tables)
 12 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
Schedule of shares repurchased over last three years
Information regarding the share repurchase activity over the last three years is as follows:
 
Share Repurchases (1)
(In millions, except price per share data)
 
Total
Number of
Shares
       Purchased (2) (3)
 
Average Price
Paid Per Share
 
Approximate
Dollar Value of
Shares that May
Yet Be Purchased
Under the
Programs
Balance, March 31, 2013
 
 
 
 
 
$
340

Shares repurchased
 
—
 
$
—

 
—

Balance, March 31, 2014
 
 
 
 
 
$
340

Shares repurchased
 
1.5
 
$
226.55

 
(340
)
Balance, March 31, 2015
 
 
 
 
 
$
—

Shares repurchase plans authorized
 
 
 
 
 
 
   May 2015
 
 
 
 
 
500

   October 2015
 
 
 
 
 
2,000

Shares repurchased
 
8.7
 
$
173.64

 
(1,504
)
Balance, March 31, 2016
 
 
 
 
 
$
996


(1)
This table does not include shares tendered to satisfy the exercise price in connection with cashless exercises of employee stock options or shares tendered to satisfy tax withholding obligations in connection with employee equity awards.
(2)
All of the shares purchased were part of the publicly announced programs.
(3)
The number of shares purchased reflects rounding adjustments.
Schedule of comprehensive income (loss)
Information regarding other comprehensive income (loss) including noncontrolling interests and redeemable noncontrolling interests, net of tax, by component is as follows:
 
Years Ended March 31,
 (In millions)
2016
 
2015
 
2014
Foreign currency translation adjustments(1)
 
 
 
 
 
Foreign currency translation adjustments arising during period, net of income tax expense (benefit) of ($23), nil and nil (2) (3)
$
113

 
$
(1,845
)
 
$
9

Reclassified to income statement, net of income tax expense of nil, nil and 24(4)
—

 
(10
)
 
44

 
113

 
(1,855
)
 
53

Unrealized gains (losses) on cash flow hedges
 
 
 
 
 
Unrealized gains (losses) on cash flow hedges arising during period, net of income tax benefit of nil, nil and nil
6

 
(13
)
 
(6
)
Reclassified to income statement, net of income tax expense of nil, nil and nil
3

 
3

 
—

 
9

 
(10
)
 
(6
)
 


 


 


Changes in retirement-related benefit plans
 
 
 
 
 
Net actuarial gain (loss) and prior service credit (cost) arising during period, net of income tax expense (benefit) of $13, ($66) and $16 (5)
23

 
(140
)
 
17

Amortization of actuarial loss, prior service cost and transition obligation, net of income tax expense of $18, $6 and $12 (6)
30

 
11

 
22

Foreign currency translation adjustments and other, net of income tax expense of nil, nil and nil
(3
)
 
4

 
(4
)
Reclassified to income statement, net of income tax expense of nil, nil, and $1
—

 
1

 
1

 
50

 
(124
)
 
36

 


 

 

Other Comprehensive Income (Loss), net of tax
$
172

 
$
(1,989
)
 
$
83


(1)
Foreign currency translation adjustments result from the conversion of non-U.S. dollar financial statements of our foreign subsidiaries into the Company’s reporting currency, U.S. dollars, and were primarily related to our foreign subsidiary, Celesio, in 2016 and 2015.
(2)
The 2016 net foreign currency translation gains of $113 million were primarily due to the recovery of the Euro against the U.S. dollar, partly offset by the weakening of the Canadian dollar and British pound sterling against the U.S. dollar during the period between April 1, 2015 and March 31, 2016. The 2015 foreign currency translation losses of $1,855 million were primarily due to the weakening of the Euro against U.S. dollar during the period between April 1, 2014 and March 31, 2015.
(3)
2016 includes net foreign currency translation gains of $16 million and 2015 includes net foreign currency translations losses of $267 million attributable to noncontrolling and redeemable noncontrolling interests.
(4)
These net foreign currency losses were reclassified from accumulated other comprehensive income (loss) to discontinued operations within our consolidated statement of operations due to the sale of certain businesses.
(5)
The net gains of $4 million and net losses of $12 million attributable to noncontrolling and redeemable noncontrolling interests in 2016 and 2015.
(6)
Pre-tax amount was reclassified into cost of sales and operating expenses in the consolidated statements of operations. The related tax expense was reclassified into income tax expense in the consolidated statements of operations.
Schedule of accumulated other comprehensive income (loss)
Information regarding changes in our accumulated other comprehensive income (loss) by component are as follows:
(In millions)
Foreign Currency Translation Adjustments, Net of Tax
 
Unrealized Losses on Cash Flow Hedges,
Net of Tax
 
Unrealized Net Gains (Losses) and Other Components of Benefit Plans, Net of Tax
 
Total Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2014
$
168

 
$
(11
)
 
$
(160
)
 
$
(3
)
Other comprehensive income (loss) before reclassifications
(1,845
)
 
(13
)
 
(136
)
 
(1,994
)
Amounts reclassified to earnings
(10
)
 
3

 
12

 
5

Other comprehensive income (loss)
$
(1,855
)
 
$
(10
)
 
$
(124
)
 
$
(1,989
)
Less: amounts attributable to noncontrolling and redeemable interests
(267
)
 
—

 
(12
)
 
(279
)
Other comprehensive income (loss) attributable to McKesson
$
(1,588
)
 
$
(10
)
 
$
(112
)
 
$
(1,710
)
Balance at March 31, 2015
$
(1,420
)
 
$
(21
)
 
$
(272
)
 
$
(1,713
)
Other comprehensive income (loss) before reclassifications
113

 
6

 
23

 
142

Amounts reclassified to earnings and other
—

 
3

 
27

 
30

Other comprehensive income (loss)
$
113

 
$
9

 
$
50

 
$
172

Less: amounts attributable to noncontrolling and redeemable interests
16

 
—

 
4

 
20

Other comprehensive income (loss) attributable to McKesson
$
97

 
$
9

 
$
46

 
$
152

Balance at March 31, 2016
$
(1,323
)
 
$
(12
)
 
$
(226
)
 
$
(1,561
)