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Pension Benefits (Tables)
12 Months Ended
Mar. 31, 2012
Pension Benefits [Abstract]  
Schedule Of Net Periodic Expense For Pension Plans
    Years Ended March 31,  
(In millions)   2012     2011     2010  
Service cost—benefits earned during the year $ 7   $ 6   $ 4  
Interest cost on projected benefit obligation   31     31     35  
Expected return on assets   (31 )   (29 )   (24 )
Amortization of unrecognized actuarial loss, prior                  
service costs and net transitional obligation   27     28     25  
Net periodic pension expense $ 34   $ 36   $ 40  
Schedule Of Changes In Benefit Obligations And Plan Assets
Years Ended March 31,  
(In millions)   2012     2011  
Change in benefit obligations            
Benefit obligation at beginning of period $ 625   $ 593  
Service cost   7     6  
Interest cost   31     31  
Actuarial loss   42     21  
Benefit payments   (34 )   (32 )
Foreign exchange impact and other   (1 )   6  
Benefit obligation at end of period (1) $ 670   $ 625  
 
Change in plan assets            
Fair value of plan assets at beginning of period $ 416   $ 391  
Actual return on plan assets   12     40  
Employer and participant contributions   17     11  
Benefits paid   (34 )   (32 )
Foreign exchange impact and other   (1 )   6  
Fair value of plan assets at end of period $ 410   $ 416  
 
Funded status at end of period $ (260 ) $ (209 )
 
Amounts recognized on the balance sheet            
Long-term assets $ 0   $ 4  
Current liabilities   (13 )   (4 )
Long-term liabilities   (247 )   (209 )
Total $ (260 ) $ (209 )

 

(1) The benefit obligation is the projected benefit obligation.

Schedule Of Projected Benefit Obligation, Accumulated Benefit Obligation And Fair Value Of Plan Assets For Pension Plans
  March 31,
(In millions)   2012   2011
Projected benefit obligation $ 670 $ 533
Accumulated benefit obligation   667   529
Fair value of plan assets   410   319
Schedule Of Amounts Recognized In Accumulated Other Comprehensive Income
  March 31,
(In millions)   2012   2011
Net actuarial loss $ 274 $ 239
Prior service cost   1   2
Net transition obligation   1   1
Total $ 276 $ 242
Schedule Of Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income
  Years Ended March 31,
(In millions)   2012     2011     2010  
Net actuarial loss $ 61   $ 10   $ 59  
Prior service credit   0     0     (2 )
Amortization of:                  
Net actuarial loss   (25 )   (26 )   (23 )
Prior service cost   (2 )   (2 )   (2 )
Total recognized in net periodic benefit cost and other                  
comprehensive loss (income) $ 34   $ (18 ) $ 32  
Schedule Of Weighted-Average Assumptions Used To Estimate Net Periodic Pension Expense And Actuarial Present Value Of Benefit Obligations
      Years Ended March 31,      
  2012   2011   2010  
Net periodic pension expense            
Discount rates 4.98 % 5.30 % 7.68 %
Rate of increase in compensation 3.74   3.75   3.62  
Expected long-term rate of return on plan assets 7.60   7.79   7.90  
Benefit obligation            
Discount rates 4.23 % 4.99 % 5.33 %
Rate of increase in compensation 3.56   3.74   3.75  
Schedule Of Sensitivity To Changes In Weighted-Average Discount Rate For U.S. Pension Plans
    One Percentage     One Percentage
(In millions)   Point Increase     Point Decrease
Increase (decrease) on projected benefit obligation $ (38 ) $ 44
Increase (decrease) on net periodic pension cost   (2 )   3
Summary Of Pension Plan Assets Using Fair Value Hierarchy By Asset Class
March 31, 2012  
(In millions)   Level 1   Level 2   Level 3   Total  
Cash and cash equivalents $ 14 $ 14 $ 0 $ 28  
Equity securities:                  
Common stock   100   0   0   100  
Equity commingled funds   0   134   0   134  
Fixed income securities:                  
Government securities   0   11   0   11  
Corporate bonds   0   48   0   48  
Mortgage-backed securities   0   21   0   21  
Asset-backed securities and other   0   20   0   20  
Fixed income commingled funds   0   25   0   25  
Other:                  
Real estate funds   0   0   17   17  
Other commingled funds   0   12   0   12  
Total $ 114 $ 285 $ 17   416  
Receivables (1)               6  
Payables (1)               (12 )
Total             $ 410  

 

(1) Represents pending trades at March 31, 2012.

  March 31, 2011
(In millions)   Level 1   Level 2   Level 3   Total  
Cash and cash equivalents $ 14 $ 31 $ 0 $ 45  
Equity securities:                  
Common and preferred stock   104   1   0   105  
Equity commingled funds   0   144   0   144  
Fixed income securities:                  
Government securities   0   20   0   20  
Corporate bonds   0   26   0   26  
Mortgage-backed securities   0   28   0   28  
Asset-backed securities and other   0   19   0   19  
Fixed income commingled funds   0   34   0   34  
Other:                  
Real estate funds   0   0   5   5  
Hedge funds   0   0   5   5  
Total $ 118 $ 303 $ 10   431  
Receivables (1)               19  
Payables (1)               (34 )
Total             $ 416  

 

(1) Represents pending trades at March 31, 2011.

Schedule Of Reconciliation Of Level 3 Plan Assets Held
    Real Estate     Hedge              
(In millions)   Funds     Funds     Other     Total  
Balance at March 31, 2010 $ 19   $ 5   $ 2   $ 26  
Purchases, sales and settlements   (14 )   0     0     (14 )
Transfer in and/or out of Level 3   0     0     (2 )   (2 )
Balance at March 31, 2011 $ 5   $ 5   $ 0   $ 10  
Unrealized gain on plan assets still held   1     0     0     1  
Purchases, sales and settlements   11     (5 )   0     6  
Balance at March 31, 2012 $ 17   $ 0   $ 0   $ 17  
Schedule Of Profit Sharing Investment Plan (PSIP) Expense By Segment
  Years Ended March 31,
(In millions)   2012   2011   2010
Distribution Solutions $ 22 $ 23 $ 0
Technology Solutions   30   32   1
Corporate   6   4   0
PSIP expense $ 58 $ 59 $ 1
 
Cost of sales (1) $ 17 $ 17 $ 0
Operating expenses   41   42   1
PSIP expense $ 58 $ 59 $ 1

 

(1) Amounts recorded to cost of sales pertain solely to our McKesson Technology Solutions segment.