Accounting for Share-Based Compensation (Tables)

6 Months Ended

Sep. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Recognized share-based compensation

The Company recognized share-based compensation in the following line items in the Condensed Consolidated Statements of Operations for the periods indicated:

	Three Months Ended September 30,						Six Months Ended September 30,
	2012			2011			2012			2011
	(in millions)
Costs of licensing and maintenance	$	1		$	1		$	1		$	2
Cost of professional services	1			1			2			2
Selling and marketing	8			6			18			16
General and administrative	7			4			15			12
Product development and enhancements	4			4			8			9
Share-based compensation expense before tax	$	21		$	16		$	44		$	41
Income tax benefit	(8		)	(6		)	(16		)	(14		)
Net share-based compensation expense	$	13		$	10		$	28		$	27

Unrecognized share-based compensation costs

The following table summarizes information about unrecognized share-based compensation costs at September 30, 2012:

	Unrecognized Compensation Costs		Weighted Average Period Expected to be Recognized
	(in millions)		(in years)
Stock option awards	$	7	2.3
Restricted stock units	19		2.1
Restricted stock awards	81		2.1
Performance share units	30		2.8
Total unrecognized share-based compensation costs	$	137	2.3

Weighted average fair values and assumptions used for options granted

The weighted average fair values and assumptions used for the options granted were as follows:

	Six Months Ended September 30,
	2012		2011
Weighted average fair value	9.09		5.99
Dividend yield	3.96	%	0.91	%
Expected volatility factor (1)	59	%	33	%
Risk-free interest rate (2)	0.8	%	1.7	%
Expected life (in years) (3)	4.5		4.5

(1) Expected volatility is measured using historical daily price changes of the Company’s stock over the respective expected term of the options and the implied volatility derived from the market prices of the Company’s traded options.

(2) The risk-free rate for periods within the contractual term of the stock options is based on the U.S. Treasury yield curve in effect at the time of grant.

(3) The expected life is the number of years the Company estimates, based primarily on historical experience, that options will be outstanding prior to exercise. The Company’s computation of expected life was determined based on the simplified method (the average of the vesting period and option term).

Summary of RSUs and RSAs granted

The table below summarizes all of the RSUs and RSAs, including grants made pursuant to the long-term incentive plans discussed above, granted during the three and six months ended September 30, 2012 and 2011:

	Three Months Ended September 30,						Six Months Ended September 30,
	2012			2011			2012		2011
				(shares in millions)
RSUs
Shares	—		(1)	—			0.7		0.7
Weighted avg. grant date fair value (2)	$	23.63		$	—		$	24.29	$	24.08
RSAs
Shares	—		(1)	—		(1)	3.6		3.6
Weighted avg. grant date fair value (3)	$	25.54		$	22.47		$	26.23	$	24.65

(1) Less than 0.1 million.

(2) The fair value is based on the quoted market value of the Company’s common stock on the grant date reduced by the present value of dividends expected to be paid on the Company’s common stock prior to vesting of the RSUs, which is calculated using a risk-free interest rate.

(3) The fair value is based on the quoted market value of the Company’s common stock on the grant date.