Discontinued Operations (Tables)

6 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Summary of results from discontinued operations and summary of carrying amounts of major classes of assets and liabilities included as part of discontinued operations

A summary of results of discontinued operations is as follows:

	Quarter Ended September 30,						Six Months Ended September 30,
(In millions)	2015			2014			2015			2014
Revenues	$	418		$	601		$	865		$	1,219
Cost of sales	(377		)	(543		)	(782		)	(1,086		)
Operating expenses	(42		)	(71		)	(92		)	(155		)
Other income (loss), net	(8		)	4			(13		)	1
Pre-tax loss from discontinued operations	(9		)	(9		)	(22		)	(21		)
Loss on sale	—			(6		)	—			(6		)
Income tax benefit	3			1			6			5
Loss from discontinued operations, net of tax	$	(6	)	$	(14	)	$	(16	)	$	(22	)

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

	September 30,		March 31,
(In millions)	2015		2015
Receivables, net	$	248	$	314
Inventories, net	210		254
Other assets	84		92
Total assets of discontinued operations (1)	542		660
Drafts and account payable	182		209
Short-term borrowings	110		126
Other liabilities	260		328
Total liabilities of discontinued operations (1)	$	552	$	663

(1) 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.