Discontinued Operations (Tables)

12 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of results for discontinued operations

A summary of results of discontinued operations is as follows:

	Years Ended March 31,
(In millions)	2016			2015			2014
Revenues	$	1,603		$	2,196		$	637
Loss from discontinued operations	$	(24	)	$	(321	)	$	(177	)
Loss on sale	—			(6		)	(5		)
Loss from discontinued operations before income tax	(24		)	(327		)	(182		)
Income tax (expense) benefit	(8		)	28			26
Loss from discontinued operations, net of tax	$	(32	)	$	(299	)	$	(156	)

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

	March 31,
(In millions)	2016		2015
Receivables, net	$	289	$	314
Inventories, net	266		254
Other assets	80		92
Total assets of discontinued operations (1)	635		660
Drafts and account payable	264		209
Short-term borrowings	142		126
Other liabilities	254		328
Total liabilities of discontinued operations (1)	$	660	$	663

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