Supplemental Statement of Cash Flows Information

9 Months Ended

Dec. 31, 2013

Supplemental Statement of Cash Flows Information [Abstract]

SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION

NOTE O – SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION

For the nine months ended December 31, 2013 and 2012, interest payments, net were approximately $56 million and $56 million, respectively, and income taxes paid, net were approximately $368 million and $190 million, respectively. For the nine months ended December 31, 2013 and 2012, the excess tax benefits from options exercised included in financing activities were approximately $4 million and $6 million, respectively.

Non-cash investing activities for the nine months ended December 31, 2012 consisted of assets acquired under capital leases of

$9 million and the purchase of a software license for $20 million, which was paid during the fourth quarter of fiscal year

2013.

Non-cash financing activities for the nine months ended December 31, 2013 and 2012 consisted of treasury shares issued in connection with the following: share-based incentive awards granted under the Company’s equity compensation plans of approximately $47 million (net of approximately $28 million of taxes withheld) and $63 million (net of approximately $34 million of taxes withheld), respectively; and discretionary stock contributions to the CA, Inc. Savings Harvest Plan of approximately $28 million and $29 million, respectively.

The Company uses a notional pooling arrangement with an international bank to help manage global liquidity requirements. Under this pooling arrangement, the Company and its participating subsidiaries may maintain either cash deposit or borrowing positions through local currency accounts with the bank, so long as the aggregate position of the global pool is a notionally calculated net cash deposit. Because it maintains a security interest in the cash deposits and has the right to offset the cash deposits against the borrowings, the bank provides the Company and its participating subsidiaries favorable interest terms on both. The activity under this cash pooling arrangement for the nine months ended December 31, 2013 and 2012 was as follows:

	Nine Months Ended December 31,
	2013			2012
	(in millions)
Total borrowing position outstanding at beginning of period (1)	$	136		$	139
Borrowings	2,577			791
Repayments	(2,603		)	(787		)
Foreign currency exchange effect	28			(3		)
Total borrowing position outstanding at end of period (1)	$	138		$	140

(1) Included in “Accrued expenses and other current liabilities” in the Company’s Condensed Consolidated Balance Sheets.