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Segment Information (Tables)
9 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Schedule of financial information relating to reportable operating segments and reconciliations to the condensed consolidated totals
Financial information relating to our reportable operating segments and reconciliations to the condensed consolidated totals is as follows:
 
Quarter Ended December 31,
 
Nine Months Ended December 31,
(In millions)
2016
 
2015
 
2016
 
2015
Revenues
 
 
 
 
 
 
 
Distribution Solutions (1)
 
 
 
 
 
 
 
North America pharmaceutical distribution and services
$
41,685

 
$
39,615

 
$
124,271

 
$
119,750

International pharmaceutical distribution and services
6,193

 
6,022

 
18,794

 
17,726

Medical-Surgical distribution and services
1,558

 
1,568

 
4,657

 
4,579

Total Distribution Solutions
49,436

 
47,205

 
147,722

 
142,055

 
 
 
 
 
 
 
 
Technology Solutions - products and services
694

 
694

 
2,098

 
2,151

Total Revenues
$
50,130

 
$
47,899

 
$
149,820

 
$
144,206

 
 
 
 
 
 
 
 
Operating profit
 
 
 
 
 
 
 
Distribution Solutions (2) (3)
$
813

 
$
906

 
$
2,592

 
$
2,742

Technology Solutions (4) (5)
132

 
122

 
126

 
426

Total
945

 
1,028

 
2,718

 
3,168

Corporate Expenses, Net
(91
)
 
(95
)
 
(270
)
 
(320
)
Interest Expense
(74
)
 
(87
)
 
(231
)
 
(267
)
Income from Continuing Operations Before Income Taxes
$
780

 
$
846

 
$
2,217

 
$
2,581

(1)
Revenues derived from services represent less than 2% of this segment’s total revenues.
(2)
Distribution Solutions operating profit for the third quarter and first nine months of 2017 include pre-tax credits of $155 million and $151 million related to our last-in-first-out (“LIFO”) method of accounting for inventories. The third quarter and first nine months of 2016 include pre-tax LIFO charges of $33 million and $215 million. LIFO credits were recognized in 2017 primarily due to the lower full year expectations for price increases.
(3)
Distribution Solutions operating profit for the first nine months of 2016 includes a pre-tax gain of $52 million recognized from the 2016 second quarter sale of our ZEE Medical business, and for the first nine months of 2017 and 2016 includes $142 million and $76 million of net cash proceeds representing our share of net settlements of antitrust class action lawsuits against drug manufacturers.
(4)
Technology Solutions operating profit for the first nine months of 2016 includes a pre-tax gain of $51 million recognized from the 2016 first quarter sale of our nurse triage business.
(5)
Technology Solutions operating profit for the first nine months of 2017 includes a non-cash pre-tax charge of $290 million for goodwill impairment related to the EIS reporting unit and for the third quarter and first nine months of 2017 includes $31 million and $58 million of expenses directly associated with the proposed Healthcare Technology Net Asset Exchange.