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Stockholders' Equity
9 Months Ended
Dec. 31, 2011
Stockholders' Equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE M – STOCKHOLDERS’ EQUITY

Stock Repurchases: On May 12, 2011, the Company’s Board of Directors approved a stock repurchase program that authorized the Company to acquire up to an additional $500 million of its common stock. At December 31, 2011, the Company remained authorized to purchase up to approximately $232 million of additional shares of common stock under its stock repurchase programs. During the nine months ended December 31, 2011, the Company repurchased approximately 25.7 million shares of its common stock for approximately $550 million, which included shares repurchased under both of the Company’s previously authorized share repurchase programs.

 

Comprehensive Income: Comprehensive income includes net income, unrealized gains on cash flow hedges, unrealized gains and losses on marketable securities and foreign currency translation adjustments. The components of comprehensive income for the three and nine months ended December 31, 2011 and 2010 are as follows:

 

                                 
    Three Months
Ended December 31,
    Nine Months
Ended December 31,
 
    2011     2010     2011     2010  
    (in millions)  

Net income

  $ 263     $ 200     $ 740     $ 639  

Net unrealized gain on cash flow hedges, net of tax

    —         —         —         2  

Foreign currency translation adjustments

    2       9       (66     49  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total comprehensive income

  $ 265     $ 209     $ 674     $ 690  
   

 

 

   

 

 

   

 

 

   

 

 

 

Cash Dividends: The Company’s Board of Directors declared the following dividends during the nine months ended December 31, 2011 and 2010:

Nine Months Ended December 31, 2011:

(in millions, except per share amounts)

 

                 

Declaration Date

  Dividend Per Share  

Record Date

  Total Amount  

Payment Date

May 12, 2011

  $0.05   May 23, 2011   $25   June 16, 2011

August 3, 2011

  $0.05   August 16, 2011   $25   September 14, 2011

November 9, 2011

  $0.05   November 22, 2011   $25   December 14, 2011

Nine Months Ended December 31, 2010:

(in millions, except per share amounts)

 

                 

Declaration Date

  Dividend Per Share  

Record Date

  Total Amount  

Payment Date

May 12, 2010

  $0.04   May 31, 2010   $21   June 16, 2010

July 28, 2010

  $0.04   August 9, 2010   $20   August 19, 2010

December 2, 2010

  $0.04   December 13, 2010   $20   December 22, 2010