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McKESSON CORPORATION
FINANCIAL NOTES (Continued)
Changes in noncontrolling interests and redeemable noncontrolling interests were as follows:
(In millions)
Noncontrolling
interests
Redeemable
Noncontrolling
Interests
Balance, March 31, 2014 $ 1,796 $ —
Net income attributable to noncontrolling interests (1) 562
Other comprehensive loss (174) (105)
Purchase of noncontrolling interests (2) (3) (4) (60) (9)
Reclassification from Total Equity to Redeemable Noncontrolling Interests (5) (1,500) 1,500
Reclassification of guaranteed dividends and recurring compensation to other
accrued liabilities — (62)
Other 17 —
Balance, March 31, 2015 84 1,386
Net income attributable to noncontrolling interests (1) 844
Other comprehensive loss — 20
Reclassification of recurring compensation to other accrued liabilities — (44)
Other (8) —
Balance, March 31, 2016 $ 84 $1,406
(1) Redeemable noncontrolling interests for 2015 include the Guaranteed Dividend of $50 million and the
Compensation Amount of $12 million, and for 2016 include the Compensation Amount of $44 million.
(2) Includes $35 million decrease in noncontrolling interests resulting from the April 2014 completion of
McKesson’s tender offer for approximately 1 million additional Celesio shares.
(3) Includes $25 million decrease in noncontrolling interests resulting from the July 2014 purchase of the
remaining ownership interests in a wholesale distributor in Brazil.
(4) Decrease in redeemable noncontrolling interests reflects the exercise of the Put Right by the noncontrolling
shareholders of Celesio.
(5) Includes net foreign currency losses of $138 million attributable to noncontrolling interests.
11. Earnings Per Common Share
Basic earnings per common share are computed by dividing net income by the weighted average number of
common shares outstanding during the reporting period. Diluted earnings per common share are computed
similar to basic earnings per common share except that it reflects the potential dilution that could occur if dilutive
securities or other obligations to issue common stock were exercised or converted into common stock.
94