McKesson 2015 Annual Report Download - page 122
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McKESSON CORPORATION
FINANCIAL NOTES (Continued)
(3) Pre-tax amount was reclassified into cost of sales and operating expenses in the 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 our accumulated other comprehensive income (loss) 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
Gains (Losses)
and Other
Components of
Benefit Plans,
Net of Tax
Total
Accumulated
Other
Comprehensive
Income (Loss)
Balance at March 31, 2013 $ 136 $ (5) $ (196) $ (65)
Other comprehensive income (loss) before
reclassifications 9 (6) 35 38
Amounts reclassified to earnings 44 — 1 45
Other comprehensive income (loss) $ 53 $ (6) $ 36 $ 83
Less: other comprehensive income attributable
to noncontrolling interests 21 — — 21
Other comprehensive income (loss) attributable to
McKesson $ 32 $ (6) $ 36 $ 62
Balance at March 31, 2014 $ 168 $ (11) $ (160) $ (3)
Other comprehensive income (loss) before
reclassifications (1,845) (13) (136) (1,994)
Amounts reclassified to earnings (10) 3 12 5
Other comprehensive income (loss) $(1,855) $ (10) $ (124) $(1,989)
Less: other comprehensive loss attributable to
noncontrolling interests (267) — (12) (279)
Other comprehensive income (loss) attributable to
McKesson $(1,588) $ (10) $ (112) $(1,710)
Balance at March 31, 2015 $(1,420) $ (21) $ (272) $(1,713)
25. Related Party Balances and Transactions
Celesio has investments in pharmacies located across Europe that are accounted for under the equity-
method. Celesio maintains distribution arrangements with these pharmacies for the sale of related goods and
services under which revenues of $114 million are included in our consolidated statement of operations in 2015
and receivables of $9 million are included in our consolidated balance sheet for the year ended March 31, 2015.
26. Segments of Business
We report our operations in two operating segments: McKesson Distribution Solutions and McKesson
Technology Solutions. The factors for determining the reportable segments included the manner in which
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