Divestitures

12 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Divestitures

Note 3 — Divestitures

In the second quarter of fiscal year 2015, the Company sold arcserve for approximately $170 million and recognized a gain on disposal of approximately $20 million, including tax expense of approximately $77 million. The effective tax rate on the disposal was unfavorably affected by non-deductible goodwill of approximately $109 million. In the fourth quarter of fiscal year 2014, the Company identified ERwin as available for sale. The divestiture of arcserve and the planned divestiture of ERwin result from an effort to rationalize the Company’s product portfolio within the Enterprise Solutions segment.

The income from discontinued operations relating to both ERwin and the sale of arcserve for fiscal years 2015, 2014 and 2013 consisted of the following:

	Year Ended March 31,
(in millions)	2015		2014		2013
Subscription and maintenance	$	43	$	88	$	94
Software fees and other	19		47		45
Total revenue	$	62	$	135	$	139
Income from operations of discontinued components, net of tax expense of $10 million, $19 million and $24 million, respectively	$	16	$	27	$	34
Gain on disposal of discontinued component, net of tax	20		—		—
Income from discontinued operations, net of tax	$	36	$	27	$	34