Supplemental Statement of Cash Flows Information

3 Months Ended

Jun. 30, 2017

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION

NOTE L – SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION

For the three months ended June 30, 2017 and 2016, interest payments were approximately $24 million and $23 million, respectively, and income taxes paid, net were approximately $47 million and $62 million, respectively.

Non-cash financing activities for the three months ended June 30, 2017 and 2016 consisted of treasury common shares issued in connection with the following: share-based incentive awards issued under the Company’s equity compensation plans of approximately $45 million (net of approximately $34 million of income taxes withheld) and $42 million (net of approximately $31 million of income taxes withheld), respectively; discretionary stock contributions to the CA, Inc. Savings Harvest Plan of approximately $23 million and $24 million, respectively; and treasury common shares issued in connection with the Company’s ESPP of approximately $2 million and $2 million, respectively.

The Company uses a notional pooling arrangement with an international bank to help manage global liquidity. 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 notional pooling arrangement for the three months ended June 30, 2017 and 2016 was as follows:

	Three Months Ended June 30,
	2017			2016
	(in millions)
Total borrowings outstanding at beginning of period (1)	$	137		$	139
Borrowings	737			190
Repayments	(755		)	(186		)
Foreign exchange effect	20			(5		)
Total borrowings outstanding at end of period (1)	$	139		$	138

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