XML 80 R36.htm IDEA: XBRL DOCUMENT v2.3.0.15
Accounting For Share-Based Compensation (Tables)
6 Months Ended
Sep. 30, 2011
Accounting For Share-Based Compensation [Abstract] 
Recognized share-based compensation
                                 
    Three Months     Six Months  
    Ended September 30,     Ended September 30,  
    2011     2010     2011     2010  
            (in millions)          
Costs of licensing and maintenance
  $ 1     $ 1     $ 2     $ 2  
Cost of professional services
    1       1       2       2  
Selling and marketing
    6       8       16       15  
General and administrative
    4       6       12       10  
Product development and enhancements
    4       5       9       11  
 
                       
Share-based compensation expense before tax
    16       21       41       40  
Income tax benefit
    (6 )     (7 )     (14 )     (13 )
 
                       
Net share-based compensation expense
  $ 10     $ 14     $ 27     $ 27  
 
                       
Unrecognized share based compensation cost
                 
            Weighted  
    Unrecognized     Average Period  
    Compensation     Expected to be  
    Costs     Recognized  
    (in millions)     (in years)  
Stock option awards
  $ 5       2.3  
Restricted stock units
    18       2.2  
Restricted stock awards
    75       2.1  
Performance share units
    31       2.8  
 
             
Total unrecognized share-based compensation costs
  $ 129       2.3  
 
             
Weighted average estimated values of employee stock option grants
                 
    Six Months  
    Ended September 30,  
    2011     2010  
Weighted average fair value
  $ 5.99     $ 5.55  
Dividend yield
    0.91 %     0.83 %
Expected volatility factor(1)
    33 %     34 %
Risk-free interest rate(2)
    1.7 %     1.8 %
Expected life (in years)(3)
    4.5       4.5  
 
(1)   Expected volatility is measured using historical daily price changes of the Company’s stock over the respective expected term of the options and the implied volatility derived from the market prices of the Company’s traded options.
 
(2)   The risk-free rate for periods within the contractual term of the stock options is based on the U.S. Treasury yield curve in effect at the time of grant.
 
(3)   The Company’s computation of expected life was determined based on the simplified method (the average of the vesting period and option term), due to changes in the vesting terms, the contractual lives and the population of employees granted options compared with the Company’s historical grants.
Summarizes the activity of RSAs and RSUs under the Plans
                                 
    Three Months     Six Months  
    Ended September 30,     Ended September 30,  
    2011     2010     2011     2010  
            (shares in millions)          
RSUs
                               
Shares
          (1)     0.7       0.5  
Weighted Avg. Grant Date Fair Value (2)
        $ 18.08     $ 24.08     $ 21.23  
RSAs
                               
Shares
    (1)     0.1       3.6       4.7  
Weighted Avg. Grant Date Fair Value (3)
  $ 22.47     $ 18.66     $ 24.65     $ 21.39  
 
(1)   Less than 0.1 million.
 
(2)   The fair value is based on the quoted market value of the Company’s common stock on the grant date reduced by the present value of dividends expected to be paid on the Company’s common stock prior to vesting of the RSUs, which is calculated using a risk free interest rate.
 
(3)   The fair value is based on the quoted market value of the Company’s common stock on the grant date.