McKesson 2016 Annual Report Download - page 129
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McKESSON CORPORATION
FINANCIAL NOTES (Continued)
(5) The net gains of $4 million and net losses of $12 million attributable to noncontrolling and redeemable
noncontrolling interests in 2016 and 2015.
(6) 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, 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: amounts attributable to noncontrolling
and redeemable 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)
Other comprehensive income (loss) before
reclassifications 113 6 23 142
Amounts reclassified to earnings and other — 3 27 30
Other comprehensive income (loss) $ 113 $ 9 $ 50 $ 172
Less: amounts attributable to noncontrolling
and redeemable interests 16 — 4 20
Other comprehensive income (loss) attributable to
McKesson $ 97 $ 9 $ 46 $ 152
Balance at March 31, 2016 $(1,323) $ (12) $ (226) $(1,561)
26. 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 $112 million and $114 million are included in our consolidated statement of
operations in 2016 and 2015, and receivables of $8 million and $9 million are included in our consolidated
balance sheet for the year ended March 31, 2016 and 2015.
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