Discontinued Operations (Tables)

3 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of results from discontinued operations

A summary of results of discontinued operations is as follows:

	Quarter Ended June 30,
(In millions)	2015			2014
Revenues	$	447		$	618
Cost of sales	(405		)	(543		)
Operating expenses	(52		)	(84		)
Other expenses, net	(3		)	(3		)
Pre-tax loss from discontinued operations	(13		)	(12		)
Income tax benefit	3			4
Loss from discontinued operations, net of tax	$	(10	)	$	(8	)

A summary of carrying amounts of major classes of assets and liabilities included as part of discontinued operations is as follows:

	June 30,		March 31,
(In millions)	2015		2015
Receivables, net	$	347	$	314
Inventories, net	273		254
Other assets	101		92
Total assets of discontinued operations (1)	721		660
Drafts and account payable	243		209
Short-term borrowings	153		126
Other liabilities	341		328
Total liabilities of discontinued operations (1)	$	737	$	663

(1) All assets and liabilities of discontinued operations are included under the captions “Prepaid expenses and other” and “Other accrued liabilities” within our condensed consolidated balance sheets.