Other (Income) Expense, Net

12 Months Ended

Mar. 28, 2014

Other Income and Expenses [Abstract]

Other (Income) Expense, Net

Other (Income) Expense, Net

The components of other (income) expense, net for fiscal 2014, fiscal 2013, and fiscal 2012 are:

	Twelve Months Ended
(Amounts in millions)	March 28, 2014		March 29, 2013			March 30, 2012
						(As Restated and Adjusted)
Foreign currency loss (gain)	$	15	$	17		$	6
Other losses (gains)	3		(42		)	—
Total	$	18	$	(25	)	$	6

Foreign currency (gains) losses are due to the impact of movement in foreign currency exchange rates on the Company’s foreign currency denominated assets and liabilities, the related hedges including options to manage its exposure to economic risk, and the cost of the Company’s hedging program. 

For fiscal 2014, the net foreign currency loss was $15 million, including cost of the hedging program of $(2) million. The foreign currency expense was primarily due to movements of foreign currency exchange rates between the U.S. dollar and the Indian Rupee, which adversely impacted the market valuation of the Company's hedging program.

For fiscal years 2013 and 2012, the net foreign currency losses were $17 million and $6 million, respectively, including the cost of the hedging program of $5 million and $6 million, respectively. Similar to fiscal 2014, the fiscal 2013 and fiscal 2012 foreign currency losses were primarily a result of movements of foreign currency exchange rates between the U.S. dollar and the Indian Rupee, which adversely impacted the market valuation of the Company's hedging program.

Other gains for fiscal 2013 primarily included a gain of $38 million related to the sale of Paxus, the Company's Australian staffing business.