Accounting for Share-Based Compensation (Tables)

6 Months Ended

Sep. 30, 2013

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,
	2013			2012			2013			2012
	(in millions)
Costs of licensing and maintenance	$	1		$	1		$	2		$	1
Cost of professional services	1			1			2			2
Selling and marketing	8			8			15			18
General and administrative	6			7			12			15
Product development and enhancements	5			4			10			8
Share-based compensation expense before tax	$	21		$	21		$	41		$	44
Income tax benefit	(6		)	(8		)	(13		)	(16		)
Net share-based compensation expense	$	15		$	13		$	28		$	28

Unrecognized share-based compensation costs

The following table summarizes information about unrecognized share-based compensation costs at September 30, 2013:

	Unrecognized Share-Based Compensation Costs		Weighted Average Period Expected to be Recognized
	(in millions)		(in years)
Stock option awards	$	10	2.4
Restricted stock units	24		2.2
Restricted stock awards	75		2.1
Performance share units	22		2.8
Total unrecognized share-based compensation costs	$	131	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,
	2013		2012
Weighted average fair value	5.19		4.84
Dividend yield	4.05	%	3.96	%
Expected volatility factor (1)	30	%	34	%
Risk-free interest rate (2)	1.5	%	0.8	%
Expected life (in years) (3)	6.0		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 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 RSAs and RSUs granted under 1-year PSUs for fiscal year 2013 and 2012 Incentive Plans

The table below summarizes the RSAs and RSUs granted under these PSUs:

		RSAs		RSUs
Incentive Plans for Fiscal Years	Performance Period	Shares (in millions)	Weighted Average Grant Date Fair Value	Shares (in millions)	Weighted Average Grant Date Fair Value
2013	1 year	0.4	$27.11	0.1	$26.12
2012	1 year	1.2	$26.39	0.2	$25.40

Summary of 3-year PSUs for fiscal year 2010 Incentive Plans

Unrestricted shares of common stock were issued in settlement immediately upon grant as follows:

Incentive Plans for Fiscal Years	Performance Period	Unrestricted Shares (in millions)	Weighted Average Grant Date Fair Value
2010	3 years	0.2	$26.39

Summary of RSAs and RSUs granted under 1-year PSUs for fiscal year 2013 and 2012 Sales Retention Equity Programs

The table below summarizes the RSAs and RSUs granted under these programs:

		RSAs		RSUs
Incentive Plans for Fiscal Years	Performance Period	Shares (in millions)	Weighted Average Grant Date Fair Value	Shares (in millions)	Weighted Average Grant Date Fair Value
2013	1 year	0.2	$27.11	0.1	$24.13
2012	1 year	0.2	$26.39	0.1	$23.41

Summary of RSAs and RSUs granted

The table below summarizes all of the RSAs and RSUs, including grants made pursuant to the long-term incentive plans discussed above, granted during the three and six months ended September 30, 2013 and 2012:

	Three Months Ended September 30,						Six Months Ended September 30,
	2013			2012			2013		2012
	(shares in millions)
RSAs
Shares	—		(1)	—		(1)	2.7		3.6
Weighted average grant date fair value (2)	$	30.39		$	25.54		$	27.01	$	26.23
RSUs
Shares	—		(1)	—		(1)	0.8		0.7
Weighted average grant date fair value (3)	$	30.13		$	23.63		$	25.37	$	24.29

(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.

(3) 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.