Supplemental Statement of Cash Flows Information

9 Months Ended

Dec. 31, 2017

Supplemental Cash Flow Elements [Abstract]

Supplemental Statement of Cash Flows Information

NOTE L – SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION

For the nine months ended December 31, 2017 and 2016, interest payments were approximately $84 million and $66 million, respectively, and income taxes paid, net were approximately $231 million and $274 million, respectively.

Non-cash financing activities for the nine months ended December 31, 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 $46 million (net of approximately $36 million of income taxes withheld) and $44 million (net of approximately $33 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 the Company’s ESPP of approximately $5 million and $5 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 nine months ended December 31, 2017 and 2016 was as follows:

	Nine Months Ended December 31,
	2017			2016
	(in millions)
Total borrowings outstanding at beginning of period (1)	$	137		$	139
Borrowings	1,581			1,391
Repayments	(1,612		)	(1,365		)
Foreign exchange effect	33			(26		)
Total borrowings outstanding at end of period (1)	$	139		$	139

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