Stockholders' Equity

3 Months Ended

Jun. 30, 2014

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Each share of the Company’s outstanding common stock is permitted one vote on proposals presented to stockholders and is entitled to share equally in any dividends declared by the Company’s Board of Directors (the “Board”).

In July 2013, the Company’s quarterly dividend was raised from $0.20 to $0.24 per common share for dividends declared on or after such date by the Board. The Company anticipates that it will continue to pay quarterly cash dividends in the future.  However, the payment and amount of future dividends remain within the discretion of the Board and will depend upon the Company's future earnings, financial condition, capital requirements and other factors.

The total authorization outstanding for repurchases of the Company’s common stock was $340 million at June 30, 2014.

Other Comprehensive Income (Loss)

Information regarding other comprehensive income (loss) including noncontrolling interests, net of tax, by component are as follows:

	Quarter Ended June 30,
(In millions)	2014			2013
Foreign currency translation adjustments
Foreign currency translation adjustments arising during period, net of income tax expense of nil and $2 (1)	$	98		$	(61	)
Unrealized gains on cash flow hedges
Unrealized gains (losses) on cash flow hedges arising during period, net of income tax expense of nil and nil	(2		)	1
Changes in retirement-related benefit plans
Amortization of actuarial loss, prior service cost and transition obligation, net of income tax expense of $1 and $4 (2)	3			7
Foreign currency translation adjustments, net of income tax expense of nil and nil	(1		)	—
	2			7
Other comprehensive income (loss), net of tax	$	98		$	(53	)

(1) The first quarter of 2015 includes net foreign currency translation loss of $12 million attributable to noncontrolling interests.

(2) Pre-tax amount reclassified into cost of sales and operating expenses in the condensed consolidated statements of operations. The related tax expense was reclassified into income tax expense in the consolidated statements of operations.

Accumulated Other Comprehensive Income (Loss)

Information regarding changes in McKesson’s accumulated other comprehensive loss, net of tax, by component are as follows:

(In millions)	Foreign Currency Translation Adjustments, Net of Tax		Unrealized Losses on Cash Flow Hedges, Net of Tax			Unrealized Net Loss and Other Components of Benefit Plans, Net of Tax			Total Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2014	$	168	$	(11	)	$	(160	)	$	(3	)
Other comprehensive income (loss) before reclassifications	110		(2		)	—			108
Amounts reclassified to earnings and other	—		—			2			2
Other comprehensive income (loss)	110		(2		)	2			110
Balance at June 30, 2014	$	278	$	(13	)	$	(158	)	$	107