Investment In and Advances To Non-Consolidated Affiliates and Related Party Transactions (Tables)

6 Months Ended

Sep. 30, 2014

Summary of condensed results of operations of equity method affiliates

The following table summarizes the results of operations of our equity method affiliates in aggregate for the three months and six months ended September 30, 2014 and 2013; and the nature and amounts of significant transactions we had with our non-consolidated affiliates (in millions). The amounts in the table below are disclosed at 100% of the operating results of these affiliates.



	Three Months Ended September 30,						Six Months Ended September 30,
	2014			2013			2014			2013
Net sales	$	138		$	130		$	276		$	261
Costs and expenses related to net sales	141			129			287			256
(Benefit) provision for taxes on income	(3		)	(2		)	(5		)	2
Net income (loss)	$	—		$	3		$	(6	)	$	3
Purchase of tolling services from Aluminium Norf GmbH (Norf)	$	69		$	65		$	138		$	131

Period-end account balances with non-consolidated affiliates, shown as related party balances

The following table describes the period-end account balances we had with these non-consolidated affiliates and with our indirect parent company, Hindalco, shown as related party balances in the accompanying condensed consolidated balance sheets (in millions). We had no other material related party balances with non-consolidated affiliates.



	September 30, 2014		March 31, 2014
Accounts receivable-related parties	$	60	$	54
Other long-term assets-related parties	$	10	$	12
Accounts payable-related parties	$	53	$	53