XML 50 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Information (Tables)
 3 Months Ended
Jun. 30, 2014
Supplemental Cash Flow Elements [Abstract]  
Accumulated other comprehensive income, net of tax
The following tables summarize the change in the components of accumulated other comprehensive income (loss) net of tax, for the periods presented (in millions).
 
 
Currency Translation
 
(A) Cash Flow Hedges
 
(B)
Postretirement Benefit Plans
 
Total
Balance as of March 31, 2014
 
$
89

 
$
(20
)
 
$
(160
)
 
$
(91
)
Other comprehensive income before reclassifications
 
26

 
13

 
(5
)
 
34

Amounts reclassified from AOCI, net
 
—

 
—

 
(3
)
 
(3
)
Net current-period other comprehensive income (loss)
 
26

 
13

 
(8
)
 
31

Balance as of June 30, 2014
 
$
115

 
$
(7
)
 
$
(168
)
 
$
(60
)
 
 
Currency Translation
 
(A) Cash Flow Hedges
 
(B)
Postretirement Benefit Plans
 
Total
Balance as of March 31, 2013
 
$
(33
)
 
$
(2
)
 
$
(233
)
 
$
(268
)
Other comprehensive income before reclassifications
 
(2
)
 
(29
)
 
—

 
(31
)
Amounts reclassified from AOCI, net
 
—

 
(15
)
 
4

 
(11
)
Net current-period other comprehensive income (loss)
 
(2
)
 
(44
)
 
4

 
(42
)
Balance as of June 30, 2013
 
$
(35
)
 
$
(46
)
 
$
(229
)
 
$
(310
)


(A)  For additional information on our cash flow hedges see Note 11 - Financial Instruments and Commodity Contracts.
(B)
For additional information on our postretirement benefit plans see Note 9 - Postretirement Benefit Plans.

The following table summarizes the impact on AOCI and earnings of derivative instruments designation as cash flow hedges (in millions).
 
Amount of Gain (Loss) Reclassified from AOCI into Income/(Expense) three months ended June 30,
 
Location of Gain (Loss)
Reclassified from AOCI into
Earnings
Cash flow hedging derivatives
2014
 
2013
 
 
Energy contracts (A)
$
(1
)
 
$
(1
)
 
Other expense (income), net
Energy contracts (C)
1

 
—

 
Cost of goods sold (B)
Aluminum contracts
(6
)
 
21

 
Cost of goods sold (B)
Aluminum contracts
—

 
2

 
Net sales
Currency exchange contracts
1

 
1

 
Cost of goods sold (B)
Currency exchange contracts
4

 
—

 
Net sales
Currency exchange contracts
1

 
(1
)
 
Other expense (income), net 
Total
$
—

 
$
22

 
Income before taxes
 
—

 
(7
)
 
Income tax provision
 
$
—

 
$
15

 
Net income
 
(A)
Includes amounts related to de-designated electricity swap. AOCI related to this swap is amortized to income over the remaining term of the hedged item.
(B)
"Cost of goods sold" is exclusive of depreciation and amortization.
(C)
Includes amounts related to natural gas swaps.
Supplemental cash flow information
Supplemental cash flow information (in millions):
 
 
Three Months Ended June 30,
 
2014
 
2013
Interest paid
$
127

 
$
124

Income taxes paid
$
39

 
$
31