Divestitures

3 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

DIVESTITURES

NOTE B – 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 arcserve for the three months ended June 30, 2015 and 2014 consisted of the following:

	Three Months Ended June 30,
(in millions)	2015		2014
Subscription and maintenance	$	6	$	21
Software fees and other	2		10
Total revenue	$	8	$	31
Income from discontinued operations, net of tax expense of $2 million and $4 million, respectively	$	5	$	5