Divestitures

9 Months Ended

Dec. 31, 2011

Divestitures [Abstract]

DIVESTITURES

NOTE C – DIVESTITURES

In June 2011, the Company sold its Internet Security business for approximately $14 million and recognized a gain on disposal of approximately $23 million, including tax expense of approximately $18 million. In June 2010, the Company sold its Information Governance business for approximately $19 million and recognized a loss on disposal of approximately $5 million, including tax expense of approximately $4 million.

The income (loss) from discontinued components for the sale of the Company’s Internet Security business, which occurred during the first quarter of fiscal 2012, consists of the following:

	Nine Months Ended December 31, 2011
	(in millions)
Subscription and maintenance revenue	$	15
Total revenue	$	15
Loss from operations of discontinued components, net of tax benefit of $6 million	$	(10	)
Gain on disposal of discontinued components, net of taxes		23
Income from discontinued operations, net of taxes	$	13

The income (loss) from discontinued components, relating to both the Internet Security business and the sale of the Company’s Information Governance business for the three and nine months ended December 31, 2010 consists of the following:

	Three Months Ended December 31, 2010		Nine Months Ended December 31, 2010
	(in millions)
Subscription and maintenance revenue	$	21	$	67
Professional services		—		1
Total revenue	$	21	$	68
Income from operations of discontinued components, net of tax expense of $2 million and $5 million, respectively	$	4	$	8
Loss on disposal of discontinued components, net of taxes		—		(5	)
Income (loss) from discontinued operations, net of taxes	$	4	$	3