Pension Benefits (Tables) (Pension Plans, Defined Benefit [Member])

12 Months Ended

Mar. 31, 2015

Pension Plans, Defined Benefit [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Periodic Expense for Pension Plans

The net periodic expense for our pension plans, which includes net pension expense of Celesio beginning February 2014, is as follows:



	U.S. Plans									Non-U.S. Plans
	Years Ended March 31,									Years Ended March 31,
(In millions)	2015			2014			2013			2015			2014			2013
Service cost - benefits earned during the year	$	1		$	4		$	4		$	16		$	6		$	3
Interest cost on projected benefit obligation	19			19			21			34			11			7
Expected return on assets	(21		)	(20		)	(20		)	(30		)	(12		)	(8		)
Amortization of unrecognized actuarial loss, prior service costs and net transitional obligation	19			32			28			3			4			4
Curtailment/settlement loss (gain)	—			—			—			6			(1		)	—
Net periodic pension expense	$	18		$	35		$	33		$	29		$	8		$	6

Schedule of Changes in Benefit Obligations and Plan Assets for Pension Plans

Information regarding the changes in benefit obligations and plan assets for our pension plans is as follows:



	U.S. Plans						Non-U.S. Plans
	Years Ended March 31,						Years Ended March 31,
(In millions)	2015			2014			2015			2014
Change in benefit obligations
Benefit obligation at beginning of period ⁽¹⁾	$	540		$	580		$	934		$	156
Service cost	1			4			16			6
Interest cost	19			19			34			11
Actuarial loss (gain)	53			(24		)	194			15
Benefit payments	(30		)	(30		)	(49		)	(12		)
Amendments	—			(9		)	(6		)	—
Acquisitions	—			—			—			740
Foreign exchange impact and other	—			—			(160		)	18
Benefit obligation at end of period ⁽¹⁾	$	583		$	540		$	963		$	934

Change in plan assets
Fair value of plan assets at beginning of period	$	300		$	290		$	590		$	135
Actual return on plan assets	16			28			88			11
Employer and participant contributions	12			12			73			12
Benefits paid	(30		)	(30		)	(49		)	(10		)
Acquisitions	—			—			—			426
Foreign exchange impact and other	—			—			(90		)	16
Fair value of plan assets at end of period	$	298		$	300		$	612		$	590

Funded status at end of period	$	(285	)	$	(240	)	$	(351	)	$	(344	)

Amounts recognized on the balance sheet
Current liabilities	$	(17	)	$	(13	)	$	(6	)	$	(9	)
Long-term liabilities	(268		)	(227		)	(345		)	(335		)
Total	$	(285	)	$	(240	)	$	(351	)	$	(344	)

Schedule of Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets for Pension Plans

The following table provides the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for all our pension plans with an accumulated benefit obligation in excess of plan assets.



	U.S. Plans				Non-U.S. Plans
	March 31,				March 31,
(In millions)	2015		2014		2015		2014
Projected benefit obligation	$	583	$	540	$	963	$	934
Accumulated benefit obligation	583		540		897		894
Fair value of plan assets	298		300		612		590

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

Amounts recognized in accumulated other comprehensive income (pre-tax) consist of:



	U.S. Plans					Non-U.S. Plans
	March 31,					March 31,
(In millions)	2015		2014			2015			2014
Net actuarial loss	$	220	$	188		$	175		$	71
Prior service credit	—		(7		)	(6		)	—
Total	$	220	$	181		$	169		$	71

Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income

Other changes in accumulated other comprehensive income (pre-tax) were as follows:



	U.S. Plans									Non-U.S. Plans
	Years Ended March 31,									Years Ended March 31,
(In millions)	2015			2014			2013			2015			2014			2013
Net actuarial loss (gain)	$	58		$	(31	)	$	59		$	117		$	12		$	11
Prior service credit	—			(8		)	—			(8		)	—			—
Amortization of:
Net actuarial loss	(27		)	(32		)	(27		)	(5		)	(4		)	(4		)
Prior service credit (cost)	8			—			(1		)	2			2			—
Foreign exchange impact and other	—			(1		)	—			(8		)	4			(4		)
Total recognized in other comprehensive loss (income)	$	39		$	(72	)	$	31		$	98		$	14		$	3

Schedule of Weighted-Average Assumptions Used to Estimate Net Periodic Pension Expense and Actuarial Present Value of Benefit Obligations

Weighted-average assumptions used to estimate the net periodic pension expense and the actuarial present value of benefit obligations were as follows:



	U.S. Plans						Non-U.S. Plans
	Years Ended March 31,						Years Ended March 31,
	2015		2014		2013		2015		2014		2013
Net periodic pension expense
Discount rates	3.74	%	3.39	%	4.11	%	3.85	%	3.95	%	4.50	%
Rate of increase in compensation	4.00		4.00		4.00		3.11		2.66		3.10
Expected long-term rate of return on plan assets	7.25		7.25		7.25		5.39		5.71		6.13
Benefit obligation
Discount rates	3.18	%	3.58	%	3.40	%	2.50	%	3.92	%	4.10	%
Rate of increase in compensation	4.00		4.00		4.00		3.24		3.27		3.05

Schedule of Sensitivity to Changes in Weighted-Average Discount Rate for U.S. Pension Plans

Sensitivity to changes in the weighted-average discount rate for our pension plans is as follows:



	U.S. Plans				Non-U.S. Plans
(In millions)	One Percentage Point Increase		One Percentage Point Decrease		One Percentage Point Increase		One Percentage Point Decrease
Increase (decrease) on projected benefit obligation	$	(41)	$	48	$	(149)	$	180
Increase (decrease) on net periodic pension cost		(3)		4		(2)		5

Summary of Pension Plan Assets Using Fair Value Hierarchy by Asset Class



	U.S. Plans								Non-U.S. Plans
	March 31, 2015								March 31, 2015
(In millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	55	$	1	$	—	$	56	$	8	$	—	$	—	$	8
Equity securities:
Common and preferred stock	18		—		—		18		—		—		—		—
Equity commingled funds	—		138		—		138		7		149		—		156
Fixed income securities:
Government securities	—		14		—		14		26		53		—		79
Corporate bonds	—		14		—		14		—		13		—		13
Mortgage-backed securities	—		14		—		14		—		—		—		—
Asset-backed securities and other	—		26		—		26		—		—		—		—
Fixed income commingled funds	—		—		—		—		64		127		—		191
Other:
Real estate funds	—		—		18		18		—		—		26		26
Other commingled funds	—		—		—		—		—		13		—		13
Other	—		—		—		—		7		115		4		126
Total	$	73	$	207	$	18	$	298	$	112	$	470	$	30	$	612



	U.S. Plans								Non-U.S. Plans
	March 31, 2014								March 31, 2014
(In millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	8	$	—	$	—	$	8	$	7	$	—	$	—	$	7
Equity securities:
Common and preferred stock	19		—		—		19		—		—		—		—
Equity commingled funds	—		132		—		132		6		157		—		163
Fixed income securities:
Government securities	—		7		—		7		4		—		—		4
Corporate bonds	—		22		—		22		6		236		—		242
Mortgage-backed securities	—		10		—		10		—		—		—		—
Asset-backed securities and other	—		22		—		22		—		—		—		—
Fixed income commingled funds	—		63		—		63		—		45		—		45
Other:
Real estate funds	—		—		16		16		—		19		7		26
Other commingled funds	—		—		—		—		3		49		—		52
Other	—		—		—		—		—		46		5		51
Total	$	27	$	256	$	16	299		$	26	$	552	$	12	590
Receivables ⁽¹⁾							1								—
Total							$	300							$	590


(1)	Represents pending trades at March 31, 2014

Schedule of Reconciliation of Level 3 Plan Assets Held

The following table represents a reconciliation of Level 3 plan assets held during the years ended March 31, 2015 and 2014:



	U.S. Plans						Non-U.S. Plans
(In millions)	Real Estate Funds		Other		Total		Real Estate Funds		Other			Total
Balance at March 31, 2013	$	14	$	—	$	14	$	5	$	—		$	5
Acquisitions	—		—		—		1		5			6
Unrealized gain on plan assets still held	2		—		2		1		—			1
Purchases, sales and settlements	—		—		—		—		—			—
Balance at March 31, 2014	$	16	$	—	$	16	$	7	$	5		$	12
Acquisitions	—		—		—		—		—			—
Unrealized gain on plan assets still held	2		—		2		1		—			1
Purchases, sales and settlements	—		—		—		18		(1		)	17
Balance at March 31, 2015	$	18	$	—	$	18	$	26	$	4		$	30