Divestitures

6 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

DIVESTITURES

NOTE C – 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 the three and six months ended September 30, 2015 and 2014 consisted of the following:

	Three Months Ended September 30,
(in millions)	2015		2014
Subscription and maintenance	$	5	$	10
Software fees and other	2		5
Total revenue	$	7	$	15
Income from operations of discontinued components, net of tax expense of $2 million and $2 million, respectively	$	2	$	1
Gain on disposal of discontinued component, net of tax	—		20
Income from discontinued operations, net of tax	$	2	$	21

	Six Months Ended September 30,
(in millions)	2015		2014
Subscription and maintenance	$	11	$	31
Software fees and other	4		15
Total revenue	$	15	$	46
Income from operations of discontinued components, net of tax expense of $4 million and $6 million, respectively	$	7	$	6
Gain on disposal of discontinued component, net of tax	—		20
Income from discontinued operations, net of tax	$	7	$	26