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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Mar. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
(In millions, except per share amounts)
First
Quarter
 
Second Quarter
 
Third
Quarter
 
Fourth
Quarter
Fiscal 2013
 
 
 
 
 
 
 
Revenues
$
30,798

 
$
29,850

 
$
31,187

 
$
30,620

Gross profit
1,600

 
1,720

 
1,668

 
1,996

Net income (1) (2) (3) (4) (5)
380

 
401

 
298

 
259

Earnings per common share (1) (2) (3) (4) (5) (8)
 
 
 
 
 
 
 
Diluted
$
1.58

 
$
1.67

 
$
1.24

 
$
1.10

Basic
1.61

 
1.70

 
1.27

 
1.12

 
 
 
 
 
 
 
 
Fiscal 2012
 
 
 
 
 
 
 
Revenues
$
29,980

 
$
30,216

 
$
30,839

 
$
31,699

Gross profit
1,509

 
1,647

 
1,566

 
1,845

Net income (6) (7)
286

 
296

 
300

 
521

Earnings per common share (6) (7) (8)
 
 
 
 
 
 
 
Diluted
$
1.13

 
$
1.18

 
$
1.20

 
$
2.09

Basic
1.15

 
1.20

 
1.22

 
2.14

(1)
Financial results for the first, second and fourth quarters of 2013 include AWP litigation charges of $16 million pre-tax ($10 million after-tax), $44 million pre-tax ($27 million after-tax) and $12 million pre-tax ($8 million after-tax), which were recorded in operating expenses.
(2)
Financial results for the first quarter of 2013 include an $81 million pre-tax ($51 million after-tax) gain on business combination, which was recorded as a reduction to operating expenses.
(3)
Financial results for the second, third and fourth quarters of 2013 include the pre-tax receipts of $19 million, $8 million and $17 million representing our share of settlements of antitrust class action lawsuits brought against drug manufacturers, which were recorded as a reduction to cost of sales.
(4)
Financial results for the third quarter of 2013 include a $40 million pre-tax ($29 million after-tax) charge for a legal dispute in our Canadian business which was recorded in operating expenses.
(5)
Financial results for the fourth quarter of 2013 include the following pre-tax impairment charges: an equity investment of $191 million, goodwill of $36 million, and capitalized software held for sale of $10 million.
(6)
Financial results for the second, third and fourth quarters of 2012 include AWP litigation charges of $118 million pre-tax ($77 million after-tax), $27 million pre-tax ($15 million after-tax) and $4 million pre-tax (benefit of $32 million after-tax), which were recorded in operating expenses.
(7)
Financial results for the third and fourth quarters of 2012 include product alignment pre-tax charges of $42 million and $9 million.
(8)
Certain computations may reflect rounding adjustments.