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Stockholders' Equity
 9 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Each share of the Company’s outstanding common stock is permitted one vote on proposals presented to stockholders and is entitled to share equally in any dividends declared by the Company’s Board of Directors (the “Board”).
In July 2013, the Company’s quarterly dividend was raised from $0.20 to $0.24 per common share for dividends declared on or after such date by the Board. The Company anticipates that it will continue to pay quarterly cash dividends in the future.  However, the payment and amount of future dividends remain within the discretion of the Board and will depend upon the Company's future earnings, financial condition, capital requirements and other factors.
The Company made no share repurchases during the third quarter and first nine months of 2015 and nil and 0.2 million share repurchases during the third quarter and first nine months of 2014.
The total authorization outstanding for repurchases of the Company’s common stock was $340 million at December 31, 2014.
Other Comprehensive Income (Loss)
Information regarding other comprehensive income (loss) including noncontrolling interests, net of tax, by component is as follows:
 
Quarter Ended December 31,
 
Nine Months Ended December 31,
 (In millions)
2014
 
2013
 
2014
 
2013
Foreign currency translation adjustments
 
 
 
 
 
 
 
Foreign currency translation adjustments arising during period, net of income tax benefit of nil, nil, nil and nil (1)
$
(416
)
 
$
(55
)
 
$
(985
)
 
$
(60
)
Reclassified to income statement, net of income tax expense of nil, nil, nil and $24(2)
—

 
—

 
(10
)
 
44

 
(416
)
 
(55
)
 
(995
)
 
(16
)
 
 
 
 
 
 
 
 
Unrealized gains (losses) on cash flow hedges
 
 
 
 
 
 
 
Unrealized gains (losses) on cash flow hedges arising during period, net of income tax expense of nil, nil, nil and nil
1

 
(1
)
 
(1
)
 
(2
)
 
 
 
 
 
 
 
 
Changes in retirement-related benefit plans
 
 
 
 
 
 
 
Net actuarial loss and prior service credit arising during period, net of income tax benefit of $6, nil, $6 and nil
(21
)
 
—

 
(21
)
 
—

Amortization of actuarial loss, prior service cost and transition obligation, net of income tax expense of $2, $4, $5 and $10 (3)
3

 
3

 
9

 
16

Foreign currency translation adjustments, net of income tax expense of nil, nil, nil and nil
2

 
1

 
4

 
(2
)
Reclassified to income statement, net of income tax expense of nil, nil, nil and $1
—

 
—

 
—

 
1

 
(16
)
 
4

 
(8
)
 
15

 
 
 
 
 
 
 
 
Other comprehensive income (loss), net of tax
$
(431
)
 
$
(52
)
 
$
(1,004
)
 
$
(3
)
(1)
The third quarter and first nine months of 2015 include net foreign currency translation losses of $13 million and $164 million attributable to noncontrolling interests and $39 million attributable to redeemable noncontrolling interests.
(2)
The first nine months of 2014 reflect net foreign currency losses of $44 million reclassified from accumulated other comprehensive income to other income (loss), net, within our consolidated statement of operations due to our sale of our 49% equity interest in Nadro, S.A. de C.V.
(3)
Pre-tax amount reclassified into cost of sales and operating expenses in the condensed consolidated statements of operations. The related tax expense was reclassified into income tax expense in the consolidated statements of operations.
Accumulated Other Comprehensive Income (Loss)
Information regarding changes in McKesson’s accumulated other comprehensive loss, net of tax, by component for the third quarter and first nine months of 2015 is as follows:
(In millions)
Foreign Currency Translation Adjustments, Net of Tax
 
Unrealized Gains (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 September 30, 2014
$
(260
)
 
$
(13
)
 
$
(152
)
 
$
(425
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
(364
)
 
1

 
(21
)
 
(384
)
Amounts reclassified to earnings and other
—

 
—

 
5

 
5

Other comprehensive income (loss)
(364
)
 
1

 
(16
)
 
(379
)
Balance at December 31, 2014
$
(624
)
 
$
(12
)
 
$
(168
)
 
$
(804
)
Balance at March 31, 2014
$
168

 
$
(11
)
 
$
(160
)
 
$
(3
)
 
 
 
 
 
 
 
 
Other comprehensive loss before reclassifications
(782
)
 
(1
)
 
(21
)
 
(804
)
Amounts reclassified to earnings and other
(10
)
 
—

 
13

 
3

Other comprehensive loss
(792
)
 
(1
)
 
(8
)
 
(801
)
Balance at December 31, 2014
$
(624
)
 
$
(12
)
 
$
(168
)
 
$
(804
)