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Stock Plans (Tables)
12 Months Ended
Mar. 31, 2012
Share Based Compensation [Abstract]  
Recognized share-based compensation
                         
    YEAR ENDED MARCH 31,  
(in millions)   2012     2011     2010  

Costs of licensing and maintenance

  $ 3     $ 3     $ 3  

Cost of professional services

    4       3       2  

Selling and marketing

    36       30       34  

General and administrative

    27       24       41  

Product development and enhancements

    19       20       22  

Share-based compensation expense before tax

    89       80       102  

Income tax benefit

    (29     (26     (34

Net share-based compensation expense

  $     60     $     54     $     68  
Unrecognized share based compensation cost

The following table summarizes information about unrecognized share-based compensation costs at March 31, 2012:

 

 

                 
    

UNRECOGNIZED
COMPENSATION
COSTS

(in millions)

   

WEIGHTED
AVERAGE PERIOD
EXPECTED TO BE
RECOGNIZED

(in years)

 

Restricted stock units

  $ 12       1.9  

Restricted stock awards

    52       1.8  

Performance share units

    28       2.3  

Stock option awards

    4       1.9  

Total unrecognized share-based compensation costs

  $ 96       2.0  
Options outstanding

At March 31, 2012, options outstanding that have vested and are expected to vest are as follows:

 

 

                                 
    

NUMBER OF SHARES

(in millions)

    WEIGHTED
AVERAGE
EXERCISE PRICE
   

WEIGHTED
AVERAGE
REMAINING
CONTRACTUAL LIFE

(in years)

   

AGGREGATE
INTRINSIC
VALUE (1)

(in millions)

 

Vested

    4.7     $ 24.24       2.2     $ 17.2  

Expected to vest(2)

    1.1       20.64       5.7       7.6  

Total

    5.8     $ 23.55       2.9     $ 24.8  

 

(1) These amounts represent the difference between the exercise price and $27.56, the closing price of the Company’s common stock on March 30, 2012, the last trading day of the Company’s fiscal year as reported on the NASDAQ Stock Market for all in-the-money options.

 

(2) Outstanding options expected to vest are net of estimated future forfeitures.
Additional information with respect to stock option plan activity
                 
    

NUMBER

OF SHARES

    WEIGHTED
AVERAGE
EXERCISE
PRICE
 
    (in millions)        

Outstanding at March 31, 2009

    14.1     $   27.21  

Granted

    0.1       20.87  

Exercised

    (0.6     18.96  

Expired or terminated

    (2.3     41.94  

Outstanding at March 31, 2010

    11.3     $ 24.65  

Granted

    1.2       19.34  

Exercised

    (0.5     18.81  

Expired or terminated

    (4.0     27.05  

Outstanding at March 31, 2011

    8.0     $ 23.03  

Granted

    0.6       21.89  

Exercised

    (1.8     20.79  

Expired or terminated

    (1.0     23.46  

Outstanding at March 31, 2012

    5.8     $ 23.52  
Options exercisable
                 
    

NUMBER

OF SHARES

   

WEIGHTED
AVERAGE

EXERCISE
PRICE

 
    (in millions)        

Options exercisable at:

               

March 31, 2010

    11.2     $   24.67  

March 31, 2011

    6.8     $ 23.66  

March 31, 2012

    4.7     $ 24.24  
Stock option information

The following table summarizes stock option information at March 31, 2012:

 

 

                                                                 
    OPTIONS OUTSTANDING     OPTIONS EXERCISABLE  
RANGE OF EXERCISE PRICES   SHARES     AGGREGATE
INTRINSIC
VALUE
    WEIGHTED
AVERAGE
REMAINING
CONTRACTUAL
LIFE
    WEIGHTED
AVERAGE
EXERCISE
PRICE
    SHARES     AGGREGATE
INTRINSIC
VALUE
    WEIGHTED
AVERAGE
REMAINING
CONTRACTUAL
LIFE
    WEIGHTED
AVERAGE
EXERCISE
PRICE
 

(shares and aggregate intrinsic value in millions; weighted average remaining contractual life in years)

  

$  3.55 — $20.00

    1.5     $ 16.8       3.2     $   16.55       1.0     $ 12.4       2.0     $   15.03  

$20.01 — $25.00

    1.4       7.8       4.2       21.91       0.8       4.1       2.7       21.98  

$25.01 — $30.00

    2.6       0.7       2.2       27.43       2.6       0.7       2.2       27.43  

$30.01 — over

    0.3             2.3       31.73       0.3             2.3       31.73  
      5.8     $ 25.3       2.9     $ 23.52       4.7     $ 17.2       2.2     $ 24.24  
Weighted average estimated values of employee stock option grants
                         
    YEAR ENDED MARCH 31,  
     2012     2011     2010  

Weighted average fair value

  $   5.99     $   5.55     $   6.81  

Dividend yield

    0.91     0.83     0.77

Expected volatility factor(1)

    33     34     33

Risk-free interest rate(2)

    1.7     1.8     2.3

Expected life (in years)(3)

    4.5       4.5       6.0  

 

(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 expected life is the number of years the Company estimates, based primarily on historical experience, that options will be outstanding prior to exercise. For stock options granted in fiscal year 2012, the Company’s computation of expected life was determined based on the simplified method (the average of the vesting period and option term).
Summarizes information on shares exercised
                         
    YEAR ENDED MARCH 31,  
(in millions)   2012     2011     2010  

Cash received from options exercised

  $   37     $   10     $   11  

Intrinsic value of options exercised

    9       2       2  

Excess tax benefits from options exercised

    3       (1)      (1) 

 

(1) Less than $1 million.
Summarizes the activity of RSAs and RSUs under the Plans

The following table summarizes the activity of RSAs under the Plans:

 

                 
    

NUMBER

OF SHARES

   

WEIGHTED
AVERAGE

GRANT
DATE

FAIR
VALUE

 
    (in millions)        

Outstanding at March 31, 2009

    4.6     $ 24.73  

RSA granted

    4.3       18.45  

RSA released

    (3.3     23.11  

RSA forfeitures

    (0.3     22.23  

Outstanding at March 31, 2010

    5.3     $ 20.73  

RSA granted

    4.7       21.41  

RSA released

    (3.3     22.00  

RSA forfeitures

    (0.9     20.72  

Outstanding at March 31, 2011

    5.8     $ 20.56  

RSA granted

    3.8       24.54  

RSA released

    (3.0     21.57  

RSA forfeitures

    (0.9     22.33  

Outstanding at March 31, 2012

    5.7     $ 22.41  

The following table summarizes the activity of RSUs under the Plans:

 

                 
    

NUMBER

OF SHARES

   

WEIGHTED
AVERAGE

GRANT
DATE

FAIR
VALUE

 
    (in millions)        

Outstanding at March 31, 2009

    0.6     $ 24.99  

RSU granted

    0.6       17.52  

RSU released

    (0.2     23.13  

RSU forfeitures

    (0.1     20.95  

Outstanding at March 31, 2010

    0.9     $ 20.51  

RSU granted

    0.6       21.30  

RSU released

    (0.4     23.47  

RSU forfeitures

    (0.1     19.05  

Outstanding at March 31, 2011

    1.0     $ 20.03  

RSU granted

    0.7       24.06  

RSU released

    (0.3     20.70  

RSU forfeitures

    (0.2     21.61  

Outstanding at March 31, 2012

    1.2     $ 21.91  
Summary of RSAs and RSUs granted under these PSUs
                                             
          RSAs         RSUs  
INCENTIVE PLANS FOR FISCAL YEARS   PERFORMANCE
PERIOD
   

SHARES

(in millions)

    WEIGHTED
AVERAGE
GRANT DATE
FAIR VALUE
        

SHARES

(in millions)

    WEIGHTED
AVERAGE
GRANT DATE
FAIR VALUE
 

2011

    1-year       1.1     $     24.68           0.1     $     24.48  

2010

    1-year       2.2     $ 21.47           (1)    $ 21.38  

2009

    1-year       0.9     $ 18.05           (1)    $ 17.96  

 

(1) Shares granted amounted to less than 0.1 million.
Summary 3-Year PSU under the fiscal year 2009, 2008 and 2007 incentive plan years
                         
INCENTIVE PLANS FOR FISCAL YEARS   PERFORMANCE
PERIOD
   

UNRESTRICTED
SHARES

(in millions)

    WEIGHTED
AVERAGE
GRANT DATE
FAIR VALUE
 

2009

    3-year       0.2     $ 24.68  

2008

    3-year       0.3     $     21.47  

2007

    3-year       0.4     $ 18.05  
Summarizes the RSAs and RSUs granted under Sales Retention Equity Programs
                                         
          RSAs     RSUs  
INCENTIVE PLANS FOR FISCAL YEARS   PERFORMANCE
PERIOD
   

SHARES

(in millions)

    WEIGHTED
AVERAGE
GRANT DATE
FAIR VALUE
   

SHARES

(in millions)

    WEIGHTED
AVERAGE
GRANT DATE
FAIR VALUE
 

2011

    1-year       0.3     $     24.68       0.1     $     24.09  

2010

    1-year       0.4     $ 21.47       0.1     $ 21.36  

2009

    1-year       0.5     $ 18.05       0.2     $ 17.84