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Currency (Gains) Losses
 12 Months Ended
Mar. 31, 2017
Foreign Currency [Abstract]  
CURRENCY (GAINS) LOSSES
CURRENCY (GAINS) LOSSES
The following currency (gains) losses are included in “Other expense (income), net” in the accompanying consolidated statements of operations (in millions).
 
 
 
Year Ended March 31,
 
 
2017
 
2016
 
2015
Loss (gain) on remeasurement of monetary assets and liabilities, net
 
$
30

 
$
(55
)
 
$
14

Loss released from accumulated other comprehensive loss
 
—

 
1

 
3

(Gain) loss recognized on balance sheet remeasurement currency exchange contracts, net
 
(35
)
 
52

 
10

Currency (gains) losses, net
 
$
(5
)
 
$
(2
)
 
$
27


The following currency losses are included in "Accumulated other comprehensive loss, net of tax" and “Noncontrolling interests” in the accompanying consolidated balance sheets (in millions).
 
 
 
Year Ended March 31,
 
 
2017
 
2016
 
2015
Cumulative currency translation adjustment — beginning of period
 
$
(197
)
 
$
(214
)
 
$
90

Effect of changes in exchange rates
 
(75
)
 
17

 
(304
)
Sale of investment in foreign entities (A)
 
16

 
—

 
—

Cumulative currency translation adjustment — end of period
 
$
(256
)
 
$
(197
)
 
$
(214
)


(A) We reclassified $16 million of cumulative currency losses from AOCI to "Other expense (income), net" in the twelve months ended March 31, 2017. Refer to Note 18 — Other expense (income), net for further details.