10-Q

United States

Securities and Exchange Commission

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2013

OR

¨ Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from              to             

Commission file numbers:

SunGard Capital Corp.	000-53653
SunGard Capital Corp. II	000-53654
SunGard Data Systems Inc.	001-12989

SunGard^® Capital Corp.

SunGard^® Capital Corp. II

SunGard^® Data Systems Inc.

(Exact name of registrant as specified in its charter)

Delaware	20-3059890
Delaware	20-3060101
Delaware	51-0267091
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

680 East Swedesford Road, Wayne, Pennsylvania 19087

(Address of principal executive offices, including zip code)

484-582-2000

(Registrants’ telephone number, including area code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

SunGard Capital Corp.	Yes  x    No  ¨
SunGard Capital Corp. II	Yes  x    No  ¨
SunGard Data Systems Inc.	Yes  ¨    No  x

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

SunGard Capital Corp.	Yes  x    No  ¨
SunGard Capital Corp. II	Yes  x    No  ¨
SunGard Data Systems Inc.	Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

SunGard Capital Corp.	Large accelerated filer  ¨.	Accelerated filer  ¨.	Non-accelerated filer  x.	Smaller reporting company  ¨.
SunGard Capital Corp. II	Large accelerated filer  ¨.	Accelerated filer  ¨.	Non-accelerated filer  x.	Smaller reporting company  ¨.
SunGard Data Systems Inc.	Large accelerated filer  ¨.	Accelerated filer  ¨.	Non-accelerated filer  x.	Smaller reporting company  ¨.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

SunGard Capital Corp.	Yes  ¨    No  x
SunGard Capital Corp. II	Yes  ¨    No  x
SunGard Data Systems Inc.	Yes  ¨    No  x

The number of shares of the registrants’ common stock outstanding as of March 31, 2013:

SunGard Capital Corp.	256,357,639 shares of Class A common stock and 28,484,182 shares of Class L common stock
SunGard Capital Corp. II	100 shares of common stock
SunGard Data Systems Inc.	100 shares of common stock

SUNGARD CAPITAL CORP.

SUNGARD CAPITAL CORP. II

SUNGARD DATA SYSTEMS INC.

AND SUBSIDIARIES

INDEX

		PAGE
PART I.	FINANCIAL INFORMATION		1
Item 1.	Financial Statements:
SunGard Capital Corp.
	Consolidated Balance Sheets as of December 31, 2012 and March 31, 2013 (unaudited)		2
	Consolidated Statements of Comprehensive Income for the three months ended March 31, 2012 and 2013 (unaudited)		3
	Consolidated Statements of Cash Flows for the three months ended March 31, 2012 and 2013 (unaudited)		4
	SunGard Capital Corp. II
	Consolidated Balance Sheets as of December 31, 2012 and March 31, 2013 (unaudited)		5
	Consolidated Statements of Comprehensive Income for the three months ended March 31, 2012 and 2013 (unaudited)		6
	Consolidated Statements of Cash Flows for the three months ended March 31, 2012 and 2013 (unaudited)		7
SunGard Data Systems Inc.
	Consolidated Balance Sheets as of December 31, 2012 and March 31, 2013 (unaudited)		8
	Consolidated Statements of Comprehensive Income for the three months ended March 31, 2012 and 2013 (unaudited)		9
	Consolidated Statements of Cash Flows for the three months ended March 31, 2012 and 2013 (unaudited)		10
	Notes to Consolidated Financial Statements (unaudited)		11
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		26
Item 3.	Quantitative and Qualitative Disclosures about Market Risk		35
Item 4.	Controls and Procedures		35

PART II.	OTHER INFORMATION	36
Item 1.	Legal Proceedings	36
Item 1A.	Risk Factors	36
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	36
Item 3.	Defaults upon Senior Securities	36
Item 4.	Mine Safety Disclosures	36
Item 5.	Other Information	36
Item 6.	Exhibits	36
SIGNATURES		37

PART I. FINANCIAL INFORMATION

Explanatory Note

This Quarterly Report on Form 10-Q (“Report”) is a combined quarterly report being filed separately by three registrants: SunGard Capital Corp. (“SCC”), SunGard Capital Corp. II (“SCCII”) and SunGard Data Systems Inc. (“SunGard”). SCC and SCCII are collectively referred to as the “Parent Companies”. Unless the context indicates otherwise, any reference in this report to the “Company,” “we,” “us” and “our” refer to the Parent Companies together with their direct and indirect subsidiaries, including SunGard. Each registrant hereto is filing on its own behalf all of the information contained in this quarterly report that relates to such registrant. Each registrant hereto is not filing any information that does not relate to such registrant, and therefore makes no representation as to any such information.

1

ITEM 1. FINANCIAL STATEMENTS

SunGard Capital Corp.

Consolidated Balance Sheets

(In millions except share and per-share amounts)

(Unaudited)

	December 31, 2012			March 31, 2013
Assets
Current:
Cash and cash equivalents	$	546		$	537
Trade receivables, less allowance for doubtful accounts of $30 and $29		781			648
Earned but unbilled receivables		119			117
Prepaid expenses and other current assets		230			257
Total current assets		1,676			1,559
Property and equipment, less accumulated depreciation of $1,509 and $1,569		874			835
Software products, less accumulated amortization of $1,649 and $1,688		411			381
Customer base, less accumulated amortization of $1,481 and $1,526		1,367			1,305
Other intangible assets, less accumulated amortization of $27 and $12		132			138
Trade name		1,019			1,019
Goodwill		4,539			4,505
Total Assets	$	10,018		$	9,742
Liabilities and Equity
Current:
Short-term and current portion of long-term debt	$	63		$	441
Accounts payable		32			25
Accrued compensation and benefits		297			224
Accrued interest expense		41			84
Other accrued expenses		238			207
Deferred revenue		836			842
Total current liabilities		1,507			1,823
Long-term debt		6,599			6,121
Deferred and other income taxes		1,127			1,096
Other long-term liabilities		95			96
Total liabilities		9,328			9,136
Commitments and contingencies
Noncontrolling interest in preferred stock of SCCII subject to a put option		26			30
Class L common stock subject to a put option		45			49
Class A common stock subject to a put option		5			5
Stockholders’ equity:
Class L common stock, convertible, par value $.001 per share; cumulative 13.5% per annum, compounded quarterly; aggregate liquidation preference of $6,154 million and $6,357 million; 50,000,000 shares authorized, 29,027,610 and 29,052,971 shares issued		—			—
Class A common stock, par value $.001 per share; 550,000,000 shares authorized, 261,251,822 and 261,480,074 shares issued		—			—
Capital in excess of par value		2,483			2,484
Treasury stock, 541,886 and 568,789 shares of Class L common stock; and 4,880,305 and 5,122,434 shares of Class A common stock		(50	)		(52	)
Accumulated deficit		(3,391	)		(3,463	)
Accumulated other comprehensive income (loss)		(3	)		(47	)
Total SunGard Capital Corp. stockholders’ equity (deficit)		(961	)		(1,078	)
Noncontrolling interest in preferred stock of SCCII		1,575			1,600
Total equity		614			522
Total Liabilities and Equity	$	10,018		$	9,742

The accompanying notes are an integral part of these consolidated financial statements.

2

SunGard Capital Corp.

Consolidated Statements of Comprehensive Income

(In millions)

(Unaudited)

	Three Months Ended March 31,
	2012			2013
Revenue:
Services	$	974		$	949
License and resale fees		31			33
Total products and services		1,005			982
Reimbursed expenses		19			13
Total revenue		1,024			995
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)		453			437
Sales, marketing and administration		253			242
Product development and maintenance		94			100
Depreciation and amortization		71			73
Amortization of acquisition-related intangible assets		101			87
Total costs and expenses		972			939
Operating income (loss)		52			56
Interest expense and amortization of deferred financing fees		(122	)		(108	)
Loss on extinguishment of debt		(15	)		(5	)
Other income (expense)		2			1
Income (loss) from continuing operations before income taxes		(83	)		(56	)
Benefit from (provision for) income taxes		7			9
Income (loss) from continuing operations		(76	)		(47	)
Income (loss) from discontinued operations, net of tax		311			—
Net income (loss)		235			(47	)
Income attributable to the noncontrolling interest (including $—million and $—million in temporary equity)		(62	)		(25	)
Net income (loss) attributable to SunGard Capital Corp.		173			(72	)
Other Comprehensive income (loss):
Foreign currency translation, net		33			(46	)
Unrealized gain (loss) on derivative instruments, net of tax		3			2
Other Comprehensive income (loss), net of tax		36			(44	)
Comprehensive income (loss)		271			(91	)
Comprehensive income (loss) attributable to the noncontrolling interest		(62	)		(25	)
Comprehensive income (loss) attributable to SunGard Capital Corp.	$	209		$	(116	)

The accompanying notes are an integral part of these consolidated financial statements.

3

SunGard Capital Corp.

Consolidated Statements of Cash Flows

(In millions)

(Unaudited)

	Three Months Ended March 31,
	2012			2013
Cash flow from operations:
Net income (loss)	$	235		$	(47	)
Income (loss) from discontinued operations		311			—
Income (loss) from continuing operations		(76	)		(47	)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization		172			160
Deferred income tax provision (benefit)		34			(31	)
Stock compensation expense		11			11
Amortization of deferred financing costs and debt discount		12			16
Loss on extinguishment of debt		15			5
Other noncash items		(2	)		—
Accounts receivable and other current assets		82			102
Accounts payable and accrued expenses		(179	)		(59	)
Deferred revenue		1			21
Cash flow from (used in) continuing operations		70			178
Cash flow from (used in) discontinued operations		5			—
Cash flow from (used in) operations		75			178
Investment activities:
Cash paid for acquired businesses, net of cash acquired		(6	)		(1	)
Cash paid for property and equipment and software		(60	)		(46	)
Other investing activities		3			1
Cash provided by (used in) continuing operations		(63	)		(46	)
Cash provided by (used in) discontinued operations		1,740			—
Cash provided by (used in) investment activities		1,677			(46	)
Financing activities:
Cash received from borrowings, net of fees		(19	)		2,174
Cash used to repay debt		(1,225	)		(2,302	)
Cash used to purchase treasury stock		(3	)		(3	)
Other financing activities		(7	)		(2	)
Cash provided by (used in) continuing operations		(1,254	)		(133	)
Cash provided by (used in) discontinued operations		—			—
Cash provided by (used in) financing activities		(1,254	)		(133	)
Effect of exchange rate changes on cash		7			(8	)
Increase (decrease) in cash and cash equivalents		505			(9	)
Beginning cash and cash equivalents includes cash of discontinued operations: 2012, $6; 2013, $-		873			546
Ending cash and cash equivalents includes cash of discontinued operations: 2012, $-; 2013, $-	$	1,378		$	537
Supplemental information:
Interest paid	$	101		$	49
Income taxes paid, net of refunds of $3 million and $1 million, respectively	$	19		$	29

The accompanying notes are an integral part of these consolidated financial statements.

4

SunGard Capital Corp. II

Consolidated Balance Sheets

(In millions except share and per-share amounts)

(Unaudited)

	December 31, 2012			March 31, 2013
Assets
Current:
Cash and cash equivalents	$	546		$	537
Trade receivables, less allowance for doubtful accounts of $30 and $29		781			648
Earned but unbilled receivables		119			117
Prepaid expenses and other current assets		230			256
Total current assets		1,676			1,558
Property and equipment, less accumulated depreciation of $1,509 and $1,569		874			835
Software products, less accumulated amortization of $1,649 and $1,688		411			381
Customer base, less accumulated amortization of $1,481 and $1,526		1,367			1,305
Other intangible assets, less accumulated amortization of $27 and $12		132			138
Trade name		1,019			1,019
Goodwill		4,539			4,505
Total Assets	$	10,018		$	9,741
Liabilities and Stockholders’ Equity
Current:
Short-term and current portion of long-term debt	$	63		$	441
Accounts payable		32			25
Accrued compensation and benefits		297			224
Accrued interest expense		41			84
Other accrued expenses		235			206
Deferred revenue		836			842
Total current liabilities		1,504			1,822
Long-term debt		6,599			6,121
Deferred and other income taxes		1,127			1,095
Other long-term liabilities		76			77
Total liabilities		9,306			9,115
Commitments and contingencies
Preferred stock subject to a put option		24			27
Stockholders’ equity:
Preferred stock, par value $.001 per share; cumulative 11.5% per annum, compounded quarterly; aggregate liquidation preference of $1,581 million and $1,605 million; 14,999,000 shares authorized, 10,048,018 and 10,056,798 issued		—			—
Common stock, par value $.001 per share; 1,000 shares authorized, 100 shares issued and oustanding		—			—
Capital in excess of par value		3,492			3,495
Treasury stock, 187,576 and 196,889 shares		(30	)		(31	)
Accumulated deficit		(2,771	)		(2,818	)
Accumulated other comprehensive income (loss)		(3	)		(47	)
Total stockholders’ equity		688			599
Total Liabilities and Stockholders’ Equity	$	10,018		$	9,741

The accompanying notes are an integral part of these consolidated financial statements.

5

SunGard Capital Corp. II

Consolidated Statements of Comprehensive Income

(In millions)

(Unaudited)

	Three Months Ended March 31,
	2012			2013
Revenue:
Services	$	974		$	949
License and resale fees		31			33
Total products and services		1,005			982
Reimbursed expenses		19			13
Total revenue		1,024			995
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)		453			437
Sales, marketing and administration		253			242
Product development and maintenance		94			100
Depreciation and amortization		71			73
Amortization of acquisition-related intangible assets		101			87
Total costs and expenses		972			939
Operating income (loss)		52			56
Interest expense and amortization of deferred financing fees		(122	)		(108	)
Loss on extinguishment of debt		(15	)		(5	)
Other income (expense)		2			1
Income (loss) from continuing operations before income taxes		(83	)		(56	)
Benefit from (provision for) income taxes		7			9
Income (loss) from continuing operations		(76	)		(47	)
Income (loss) from discontinued operations, net of tax		311			—
Net income (loss)		235			(47	)
Other Comprehensive income (loss):
Foreign currency translation, net		33			(46	)
Unrealized gain (loss) on derivative instruments, net of tax		3			2
Comprehensive income (loss)	$	271		$	(91	)

The accompanying notes are an integral part of these consolidated financial statements.

6

SunGard Capital Corp. II

Consolidated Statements of Cash Flows

(In millions)

(Unaudited)

	Three Months Ended March 31,
	2012			2013
Cash flow from operations:
Net income (loss)	$	235		$	(47	)
Income (loss) from discontinued operations		311			—
Income (loss) from continuing operations		(76	)		(47	)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization		172			160
Deferred income tax provision (benefit)		34			(31	)
Stock compensation expense		11			11
Amortization of deferred financing costs and debt discount		12			16
Loss on extinguishment of debt		15			5
Other noncash items		(2	)		—
Accounts receivable and other current assets		82			102
Accounts payable and accrued expenses		(179	)		(58	)
Deferred revenue		1			21
Cash flow from (used in) continuing operations		70			179
Cash flow from (used in) discontinued operations		5			—
Cash flow from (used in) operations		75			179
Investment activities:
Cash paid for acquired businesses, net of cash acquired		(6	)		(1	)
Cash paid for property and equipment and software		(60	)		(46	)
Other investing activities		3			1
Cash provided by (used in) continuing operations		(63	)		(46	)
Cash provided by (used in) discontinued operations		1,740			—
Cash used in investment activities		1,677			(46	)
Financing activities:
Cash received from borrowings, net of fees		(19	)		2,174
Cash used to repay debt		(1,225	)		(2,302	)
Cash used to purchase treasury stock		(1	)		(1	)
Other financing activities		(9	)		(5	)
Cash provided by (used in) continuing operations		(1,254	)		(134	)
Cash provided by (used in) discontinued operations		—			—
Cash provided by (used in) financing activities		(1,254	)		(134	)
Effect of exchange rate changes on cash		7			(8	)
Increase (decrease) in cash and cash equivalents		505			(9	)
Beginning cash and cash equivalents includes cash of discontinued operations: 2012, $6; 2013, $-		873			546
Ending cash and cash equivalents includes cash of discontinued operations: 2012, $-; 2013, $-	$	1,378		$	537
Supplemental information:
Interest paid	$	101		$	49
Income taxes paid, net of refunds of $3 million and $1 million, respectively	$	19		$	29

The accompanying notes are an integral part of these consolidated financial statements.

7

SunGard Data Systems Inc.

Consolidated Balance Sheets

(In millions except share and per-share amounts)

(Unaudited)

	December 31, 2012			March 31, 2013
Assets
Current:
Cash and cash equivalents	$	546		$	537
Trade receivables, less allowance for doubtful accounts of $30 and $29		781			648
Earned but unbilled receivables		119			117
Prepaid expenses and other current assets		230			253
Total current assets		1,676			1,555
Property and equipment, less accumulated depreciation of $1,509 and $1,569		874			835
Software products, less accumulated amortization of $1,649 and $1,688		411			381
Customer base, less accumulated amortization of $1,481 and $1,526		1,367			1,305
Other intangible assets, less accumulated amortization of $27 and $12		132			138
Trade name		1,019			1,019
Goodwill		4,539			4,505
Total Assets	$	10,018		$	9,738
Liabilities and Stockholder’s Equity
Current:
Short-term and current portion of long-term debt	$	63		$	441
Accounts payable		32			25
Accrued compensation and benefits		297			224
Accrued interest expense		41			84
Other accrued expenses		238			206
Deferred revenue		836			842
Total current liabilities		1,507			1,822
Long-term debt		6,599			6,121
Deferred and other income taxes		1,120			1,087
Other long-term liabilities		76			77
Total liabilities		9,302			9,107
Commitments and contingencies
Stockholder’s equity:
Common stock, par value $.01 per share; 100 shares authorized, issued and oustanding		—			—
Capital in excess of par value		3,490			3,496
Accumulated deficit		(2,771	)		(2,818	)
Accumulated other comprehensive income (loss)		(3	)		(47	)
Total stockholder’s equity		716			631
Total Liabilities and Stockholder’s Equity	$	10,018		$	9,738

The accompanying notes are an integral part of these consolidated financial statements.

8

SunGard Data Systems Inc.

Consolidated Statements of Comprehensive Income

(In millions)

(Unaudited)

	Three Months Ended March 31,
	2012			2013
Revenue:
Services	$	974		$	949
License and resale fees		31			33
Total products and services		1,005			982
Reimbursed expenses		19			13
Total revenue		1,024			995
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)		453			437
Sales, marketing and administration		253			242
Product development and maintenance		94			100
Depreciation and amortization		71			73
Amortization of acquisition-related intangible assets		101			87
Total costs and expenses		972			939
Operating income (loss)		52			56
Interest expense and amortization of deferred financing fees		(122	)		(108	)
Loss on extinguishment of debt		(15	)		(5	)
Other income (expense)		2			1
Income (loss) from continuing operations before income taxes		(83	)		(56	)
Benefit from (provision for) income taxes		7			9
Income (loss) from continuing operations		(76	)		(47	)
Income (loss) from discontinued operations, net of tax		311			—
Net income (loss)		235			(47	)
Other Comprehensive income (loss):
Foreign currency translation, net		33			(46	)
Unrealized gain (loss) on derivative instruments, net of tax		3			2
Comprehensive income (loss)	$	271		$	(91	)

The accompanying notes are an integral part of these consolidated financial statements.

9

SunGard Data Systems Inc.

Consolidated Statements of Cash Flows

(In millions)

(Unaudited)

	Three Months Ended March 31,
	2012			2013
Cash flow from operations:
Net income (loss)	$	235		$	(47	)
Income (loss) from discontinued operations		311			—
Income (loss) from continuing operations		(76	)		(47	)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization		172			160
Deferred income tax provision (benefit)		34			(31	)
Stock compensation expense		11			11
Amortization of deferred financing costs and debt discount		12			16
Loss on extinguishment of debt		15			5
Other noncash items		(2	)		—
Accounts receivable and other current assets		82			102
Accounts payable and accrued expenses		(179	)		(58	)
Deferred revenue		1			21
Cash flow from (used in) continuing operations		70			179
Cash flow from (used in) discontinued operations		5			—
Cash flow from (used in) operations		75			179
Investment activities:
Cash paid for acquired businesses, net of cash acquired		(6	)		(1	)
Cash paid for property and equipment and software		(60	)		(46	)
Other investing activities		3			1
Cash provided by (used in) continuing operations		(63	)		(46	)
Cash provided by (used in) discontinued operations		1,740			—
Cash used in investment activities		1,677			(46	)
Financing activities:
Cash received from borrowings, net of fees		(19	)		2,174
Cash used to repay debt		(1,225	)		(2,302	)
Other financing activities		(10	)		(6	)
Cash provided by (used in) continuing operations		(1,254	)		(134	)
Cash provided by (used in) discontinued operations		—			—
Cash provided by (used in) financing activities		(1,254	)		(134	)
Effect of exchange rate changes on cash		7			(8	)
Increase (decrease) in cash and cash equivalents		505			(9	)
Beginning cash and cash equivalents includes cash of discontinued operations: 2012, $6; 2013, $-		873			546
Ending cash and cash equivalents includes cash of discontinued operations: 2012, $-; 2013, $-	$	1,378		$	537
Supplemental information:
Interest paid	$	101		$	49
Income taxes paid, net of refunds of $3 million and $1 million, respectively	$	19		$	29

The accompanying notes are an integral part of these consolidated financial statements.

10

SUNGARD CAPITAL CORP.

SUNGARD CAPITAL CORP. II

SUNGARD DATA SYSTEMS INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1. Basis of Presentation:

SunGard Data Systems Inc. (“SunGard”) was acquired on August 11, 2005 (the “LBO”) in a leveraged buy-out by a consortium of private equity investment funds associated with Bain Capital Partners, The Blackstone Group, Goldman Sachs & Co., Kohlberg Kravis Roberts & Co., Providence Equity Partners, Silver Lake and TPG (collectively, the “Sponsors”).

SunGard is a wholly owned subsidiary of SunGard Holdco LLC, which is wholly owned by SunGard Holding Corp., which is wholly owned by SunGard Capital Corp. II (“SCCII”), which is a subsidiary of SunGard Capital Corp. (“SCC”). All four of these companies were formed for the purpose of facilitating the LBO and are collectively referred to as the “Holding Companies.” SCC, SCCII and SunGard are separate reporting companies and, together with their direct and indirect subsidiaries, are collectively referred to as the “Company.” The Holding Companies have no other operations beyond those of their ownership of SunGard.

SunGard is one of the world’s leading software and technology services companies and has three segments: Financial Systems (“FS”), Availability Services (“AS”) and Public Sector & Education (“PS&E”), which is comprised of the Company’s Public Sector business and K-12 Education business. The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany transactions and accounts have been eliminated.

The accompanying interim consolidated financial statements of the Company have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”), consistent in all material respects with those applied in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. Interim financial reporting does not include all of the information and footnotes required by GAAP for annual financial statements. The interim financial information is unaudited, but, in the opinion of management, includes all adjustments, consisting only of normal recurring adjustments necessary to provide a fair statement of results for the interim periods presented. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2013.

As discussed in Note 2 and Note 12, the presentation of certain prior year amounts has been revised to conform to the current year presentation.

Recent Accounting Pronouncements

On July 27, 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. The Update simplifies the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. Examples of intangible assets subject to the guidance include indefinite-lived trademarks, licenses, and distribution rights. The amendment allows an organization the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. An organization electing to perform a qualitative assessment is no longer required to calculate the fair value of an indefinite-lived intangible asset unless the organization determines, based on a qualitative assessment, that it is “more likely than not” that the asset is impaired. Under former guidance, an organization was required to test an indefinite-lived intangible asset for impairment on at least an annual basis by comparing the fair value of the asset with its carrying amount. If the carrying amount of an indefinite-lived intangible asset exceeded its fair value, an impairment loss was recognized in an amount equal to the difference. The amendments in this Update are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company has not yet adopted this Update and has used the former, more extensive testing during its 2012 impairment tests. The Company intends to evaluate the Update as it performs its 2013 impairment review in the third quarter.

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2. Expense Classification:

During a review of spending by functional area, the Company identified a misclassification of certain expenses in 2010, 2011 and 2012. The misclassification stems from the treatment of certain offshore resources by functional area. It resulted in an understatement of product development and maintenance expense with an offsetting overstatement within cost of sales and direct operating expense and sales, marketing and administration expense. There was no impact on total reported expenses for any period and therefore no impact on operating or net income.

Accordingly, for the three months ended March 31, 2012, product development and maintenance expense has been revised from $86 million to $94 million, cost of sales and direct operating has been revised from $458 million to $453 million, and sales, marketing and administration has been revised from $256 million to $253 million. For 2010, product development and maintenance expense has been revised from $350 million to $391 million, cost of sales and direct operating has been revised from $1,895 million to $1,877 million, and sales, marketing and administration has been revised from $1,057 million to $1,034 million. For 2011, product development and maintenance expense has been revised from $393 million to $426 million, cost of sales and direct operating has been revised from $1,848 million to $1,822 million, and sales, marketing and administration has been revised from $1,108 million to $1,101 million. For 2012, product development and maintenance expense has been revised from $353 million to $393 million, cost of sales and direct operating has been revised from $1,740 million to $1,735 million, and sales, marketing and administration has been revised from $1,039 million to $1,004 million. In future filings, any comparative period presentation will be revised when those periods are presented. The misclassifications were not material to the consolidated financial statements.

3. Discontinued Operations:

In January 2012, the Company sold its Higher Education (“HE”) business and used the net cash proceeds (as defined in its senior secured credit agreement) of $1,222 million, which is the gross transaction value of $1,775 million less applicable taxes and fees, to repay a pro-rata portion of its outstanding term loans. In July 2012, the Company sold its FS subsidiary SunGard Global Services France for gross proceeds of €14 million. The results for discontinued operations have been represented for the three months ended March 31, 2012 to show the impact of these sales.

The results for the discontinued operations for the three months ended March 31, 2012 and 2013 were as follows (in millions):

	Three Months Ended
	March 31, 2012			March 31, 2013
Revenue	$	37		$	—
Operating income (loss)		(3	)		—
Gain on sale of business		563			—
Income (loss) before income taxes		560			—
Benefit from (provision for) income taxes		(249	)		—
Income (loss) from discontinued operations	$	311		$	—

In the first quarter of 2012, the Company recorded a $563 million pre-tax gain on the sale of the HE business.

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4. Goodwill and Intangibles:

The following table summarizes changes in goodwill by segment (in millions):

	Cost											Accumulated Impairment
	FS			AS			PS&E		Subtotal			AS			PS&E			Subtotal			Total
Balance at December 31, 2012	$	3,516		$	2,243		$	544	$	6,303		$	(1,547	)	$	(217	)	$	(1,764	)	$	4,539
Effect of foreign currency translation		(21	)		(12	)		—		(33	)		—			—			—			(33	)
Other		(1	)		—			—		(1	)		—			—			—			(1	)
Balance at March 31, 2013	$	3,494		$	2,231		$	544	$	6,269		$	(1,547	)	$	(217	)	$	(1,764	)	$	4,505

Based on amounts recorded at March 31, 2013, total expected amortization of all acquisition-related intangible assets in each of the years ended December 31 follows (in millions):

2013	$	340
2014		290
2015		234
2016		214
2017		207

5. Accumulated Other Comprehensive Income:

The following table summarizes the unrealized gains (losses) on derivative instruments including the impact of components reclassified into net income from accumulated other comprehensive income for the three months ended March 31, 2012 and 2013 (in millions):

	Three Months Ended March 31,
Other Comprehensive Income Components	2012			2013			Affected Line Item in the Statement of Comprehensive Income for Components Reclassified from OCI
Unrealized gain (loss) on cash flow hedges and other	$	—		$	1
Less: gain (loss) on cash flow hedges reclassified into income
Interest rate contracts		4			3		Interest expense and amortization of deferred financing fees
Currency forward contracts		—			(1	)	Cost of sales and direct operating
Total reclassified into income		4			2
Less: income tax benefit (expense)		(1	)		(1	)
Unrealized gain (loss) on derivative instruments, net of tax	$	3		$	2

The following table provides a rollforward of the components of accumulated other comprehensive loss, net of tax, through March 31, 2013 as follows (in millions):

	Gains and Losses on Cash Flow Hedges		Currency Translation			Accumulated Other Comprehensive Income
Balance at December 31, 2012	$	1	$	(4	)	$	(3	)
Other comprehensive income before reclassifications		1		(46	)		(45	)
Amounts reclassified from accumulated other comprehensive income net of tax		1		—			1
Net current-period other comprehensive income		2		(46	)		(44	)
Balance at March 31, 2013	$	3	$	(50	)	$	(47	)

6. Debt and Derivatives:

On January 2, 2013, SunGard repaid a $50 million revolving Credit Advance borrowed under its secured accounts receivable facility.

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On March 8, 2013, SunGard amended and restated its senior secured credit agreement (“Credit Agreement”) to, among other things, (i) issue an additional term loan of $2,200 million (“tranche E”) maturing on March 8, 2020, the proceeds of which were used to (a) repay in full the $1,719 million tranche B term loan and (b) repay $481 million of the tranche C term loan; (ii) replace the $880 million of revolving commitments with $850 million of new revolving commitments, which will mature on March 8, 2018; and (iii) modify certain covenants and other provisions in order to, among other things (x) modify (and in the case of the term loan facility, remove) the financial maintenance covenants included therein and (y) permit the Company to direct the net cash proceeds of permitted dispositions otherwise requiring a pro rata prepayment of term loans to the prepayment of specific tranches of term loans at the Company’s sole discretion. The interest rate on tranche E is LIBOR plus 3% with a 1% LIBOR floor, which at March 31, 2013 was 4.00%. SunGard is required to repay installments in quarterly principal amounts of 0.25% of its funded tranche E principal amount through the maturity date, at which time the remaining aggregate principal balance is due. Tranche E and the new revolving commitments are subject to certain springing maturities which are described in the Credit Agreement. As a result of this transaction, the Company incurred a loss on the extinguishment of debt of approximately $5 million.

On March 28, 2013, SunGard voluntarily prepaid $50 million of its tranche A term loan. The related loss on the extinguishment of debt was not material to the Company’s operations, financial position or cash flows.

Debt consisted of the following (in millions):

	December 31, 2012			March 31, 2013
Senior Secured Credit Facilities:
Secured revolving credit facility	$	—		$	—
Tranche A, effective interest rate of 1.96% and 1.95%		207			157
Tranche B, effective interest rate of 4.35%		1,719			—
Tranche C, effective interest rate of 4.17% and 4.41%		908			427
Tranche D, effective interest rate of 4.50% and 4.50%		720			718
Tranche E, effective interest rate of 4.00%		—			2,200
Total Senior Secured Credit Facilities		3,554			3,502
Senior Secured Notes due 2014 at 4.875%, net of discount of $4 and $3		246			247
Senior Notes due 2018 at 7.375%		900			900
Senior Notes due 2020 at 7.625%		700			700
Senior Subordinated Notes due 2019 at 6.625%		1,000			1,000
Secured accounts receivable facility, at 3.71% and 3.70%		250			200
Other, primarily foreign bank debt and capital lease obligations		12			13
Total debt		6,662			6,562
Short-term borrowings and current portion of long-term debt		(63	)		(441	)
Long-term debt	$	6,599		$	6,121

SunGard uses interest rate swap agreements to manage the amount of its floating rate debt in order to reduce its exposure to variable rate interest payments associated with the Credit Agreement. Each swap agreement is designated as a cash flow hedge. SunGard pays a stream of fixed interest payments for the term of the swap, and in turn, receives variable interest payments based on LIBOR. At March 31, 2013, one-month LIBOR was 0.20%. The net receipt or payment from the interest rate swap agreements is included in interest expense. As a result of amending the Credit Agreement and issuing tranche E in March 2013, SunGard settled $500 million of interest rate swaps in March 2013 that were due to mature in May 2013. The interest rates in the table above reflect the impact of the swaps. A summary of the Company’s interest rate swaps at March 31, 2013 follows (in millions):

Inception	Maturity	Notional Amount (in millions)		Interest rate paid			Interest rate received (LIBOR)
August-September 2012	February 2017	$	400		0.69	%	1-Month

The fair values of interest rate swaps designated as cash flow hedging instruments, included in other accrued expenses on the consolidated balance sheets, are $5 million and $1 million as of December 31, 2012 and March 31, 2013, respectively.

The Company has no ineffectiveness related to its swap agreements. The Company expects to reclassify in the next twelve months approximately $2 million from other comprehensive income (loss) into earnings related to the Company’s interest rate swaps based on the borrowing rates at March 31, 2013.

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7. Fair Value Measurements:

The following table summarizes assets and liabilities measured at fair value on a recurring basis at March 31, 2013 (in millions):

	Fair Value Measures Using
	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents—money market funds	$	200	$	—	$	—	$	200
Currency forward contracts		—		8		—		8
Total		200		8		—		208
Liabilities
Interest rate swap agreements	$	—	$	1	$	—	$	1

The following table summarizes assets and liabilities measured at fair value on a recurring basis at December 31, 2012 (in millions):

	Fair Value Measures Using
	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents—money market funds	$	227	$	—	$	—	$	227
Currency forward contracts		—		4		—		4
Total	$	227	$	4	$	—	$	231
Liabilities
Interest rate swap agreements and other	$	—	$	4	$	—	$	4

A Level 1 fair value measure is based upon quoted prices in active markets for identical assets or liabilities. A Level 2 fair value measure is based upon quoted prices for similar assets and liabilities in active markets or inputs that are observable. A Level 3 fair value measure is based upon inputs that are unobservable (for example, cash flow modeling inputs based on assumptions).

Cash and cash equivalents—money market funds are recognized and measured at fair value in the Company’s financial statements. Fair values of the interest rate swap agreements are calculated using a discounted cash flow model using observable applicable market swap rates and assumptions and are compared to market valuations obtained from brokers.

The Company uses currency forward contracts to manage its exposure to fluctuations in costs caused by variations in Indian Rupee (“INR”) and British Pound Sterling (“GBP”) exchange rates. These forward contacts are designated as cash flow hedges. The fair value of these currency forward contracts is determined using currency exchange market rates, obtained from independent, third party banks, at the balance sheet date. This fair value of forward contracts is subject to changes in currency exchange rates. The Company has no ineffectiveness related to its use of currency forward contracts.

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The following table presents the carrying amount and estimated fair value of the Company’s debt, including the current portion and excluding the interest rate swaps, as of December 31, 2012 and March 31, 2013 (in millions):

	December 31, 2012				March 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
Floating rate debt	$	3,803	$	3,826	$	3,702	$	3,740
Fixed rate debt		2,859		3,023		2,860		3,018

The fair values of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, to the extent the underlying liability will be settled in cash, approximate carrying values because of the short-term nature of these instruments. The derivative financial instruments are carried at fair value. The fair value of the Company’s floating rate and fixed rate long-term debt (Level 2) is determined using actual market quotes and benchmark yields received from independent vendors.

8. Equity:

A rollforward of SCC’s equity for 2013 follows (in millions):

	SunGard Capital Corp. stockholders											Noncontrolling interest
	Class L - temporary equity			Class A - temporary equity		Permanent equity			Total			Temporary equity			Permanent equity			Total
Balance at December 31, 2012	$	45		$	5	$	(961	)	$	(911	)	$	26		$	1,575		$	1,601
Net income (loss)		—			—		(72	)		(72	)		—			25			25
Foreign currency translation		—			—		(46	)		(46	)		—			—			—
Net unrealized gain on derivative instruments		—			—		2			2			—			—			—
Comprehensive income (loss)		—			—		(116	)		(116	)		—			25			25
Stock compensation expense		—			—		11			11			—			—			—
Termination of put options due to employee terminations and other		(3	)		—		3			—			(1	)		2			1
Purchase of treasury stock		—			—		(1	)		(1	)		—			(2	)		(2	)
Transfer intrinsic value of vested restricted stock units		7			—		(12	)		(5	)		5			—			5
Other		—			—		(2	)		(2	)		—			—			—
Balance at March 31, 2013	$	49		$	5	$	(1,078	)	$	(1,024	)	$	30		$	1,600		$	1,630

A rollforward of SCC’s equity for 2012 follows (in millions):

	SunGard Capital Corp. stockholders												Noncontrolling interest
	Class L - temporary equity			Class A - temporary equity			Permanent equity			Total			Temporary equity			Permanent equity			Total
Balance at December 31, 2011	$	47		$	6		$	(663	)	$	(610	)	$	28		$	2,038		$	2,066
Net income (loss)		—			—			173			173			—			62			62
Foreign currency translation		—			—			33			33			—			—			—
Net unrealized gain on derivative instruments		—			—			3			3			—			—			—
Comprehensive income (loss)		—			—			209			209			—			62			62
Stock compensation expense		—			—			11			11			—			—			—
Termination of put options due to employee terminations and other		(7	)		(1	)		9			1			(3	)		2			(1	)
Purchase of treasury stock		—			—			(1	)		(1	)		—			(1	)		(1	)
Transfer intrinsic value of vested restricted stock units		3			—			(5	)		(2	)		1			—			1
Other		—			—			(8	)		(8	)		—			1			1
Balance at March 31, 2012	$	43		$	5		$	(448	)	$	(400	)	$	26		$	2,102		$	2,128

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9. Segment Information:

The Company has three reportable segments: FS, AS and PS&E. The Company evaluates the performance of its segments based on Segment Internal Adjusted EBITDA. Segment Internal Adjusted EBITDA, a non-GAAP measure, is defined as operating income before the following items:

• depreciation and amortization,

• amortization of acquisition-related intangible assets,

• goodwill impairment,

• severance and facility closure charges,

• stock compensation,

• management fees, and

• certain other costs.

While these charges may be recurring, management excludes them in order to better analyze the segment results and evaluate the segment performance. This analysis is used extensively by management and is also used to communicate the segment results to the Company’s board of directors. In addition, management reviews Internal Adjusted EBITDA and Segment Internal Adjusted EBITDA on a constant currency basis, especially when comparing to the prior year results. While Internal Adjusted EBITDA and Segment Internal Adjusted EBITDA are useful for analysis purposes, they should not be considered as alternatives to the Company’s reported GAAP results. Also, Internal Adjusted EBITDA and Segment Internal Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. Internal Adjusted EBITDA and Segment Internal Adjusted EBITDA are similar, but not identical, to adjusted EBITDA as defined in the Credit Agreement for purposes of SunGard’s debt covenants. The operating results apply to each of SCC, SCCII and SunGard unless otherwise noted. The operating results for the three months ended March 31, 2013 for each segment follow (in millions):

Three Months Ended March 31, 2013	FS			AS			PS&E			Sum of segments
Revenue	$	600		$	345		$	50		$	995
Internal Adjusted EBITDA		130			105			14			249
Internal Adjusted EBITDA margin		21.6	%		30.5	%		29.1	%		25.1	%
Year to year revenue change		(3	)%		(3	)%		(1	)%		(3	)%
Year to year Internal Adjusted EBITDA change		3	%		(6	)%		(12	)%		(2	)%
Year to year revenue change at constant currency		(3	)%		(3	)%		(1	)%		(3	)%
Year to year Internal Adjusted EBITDA change at constant currency		2	%		(6	)%		(12	)%		(3	)%

Reconciliation of Segment Internal Adjusted EBITDA to income (loss) from continuing operations before income taxes:

	2013
Internal Adjusted EBITDA (sum of segments)	$	249
Corporate		(13	)
Depreciation (1)		(73	)
Amortization of acquisition-related intangible assets		(87	)
Severance and facility closure costs		(3	)
Stock compensation expense		(11	)
Management fees		(2	)
Other costs (included in operating income)		(4	)
Interest expense, net		(108	)
Loss on extinguishment of debt		(5	)
Other income (expense)		1
Income (loss) from continuing operations before income tax	$	(56	)

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Depreciation and amortization and capital expenditures by segment follow (in  millions):

Three Months Ended March 31, 2013	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	21	$	23	$	2	$	46	$	—	$	46
Depreciation(1)		22		49		2		73		—		73
Amortization of acquisition-related intangible assets		44		39		4		87		—		87

The operating results for the three months ended March 31, 2012 for each  segment follow (in millions):

Three Months Ended March 31, 2012	FS			AS			PS&E			Sum of segments
Revenue	$	618		$	355		$	51		$	1,024
Internal Adjusted EBITDA		126			113			16			255
Internal Adjusted EBITDA margin		20.4	%		31.7	%		32.7	%		24.9	%
Reconciliation of Internal Adjusted EBITDA to income (loss) from continuing operations before income taxes:

	2012
Internal Adjusted EBITDA (sum of segments)	$	255
Corporate		(14	)
Depreciation(1)		(71	)
Amortization of acquisition-related intangible assets		(101	)
Severance and facility closure costs		(2	)
Stock compensation expense		(11	)
Management fees		(2	)
Other costs (included in operating income)		(2	)
Interest expense, net		(122	)
Loss on extinguishment of debt		(15	)
Other income (expense)		2
Income (loss) from continuing operations before income tax	$	(83	)

Depreciation and amortization and capital expenditures by segment follow (in  millions):

Three Months Ended March 31, 2012	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	20	$	38	$	2	$	60	$	—	$	60
Depreciation(1)		21		48		2		71		—		71
Amortization of acquisition-related intangible assets		53		43		5		101		—		101

⁽¹⁾  Includes amortization of capitalized software.

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10. Employee Termination Benefits and Facility Closures:

The following table provides a rollforward of the liability balances for workforce reductions and facility closures, which occurred through March 31, 2013 (in millions):

	Balance 12/31/2012		Expense		Paid			Other Adjustments*			Balance 3/31/2013
Workforce-related	$	32	$	4	$	(10	)	$	(3	)	$	23
Facilities		22		1		(2	)		—			21
Total	$	54	$	5	$	(12	)	$	(3	)	$	44

* The other adjustments column in the table principally relates to changes in estimates from when the initial charge was recorded and also foreign currency translation and other adjustments.

The workforce related actions are expected to be paid out over the next 18 months (the majority within 12 months). The facilities accruals are for ongoing obligations to pay rent for vacant space and are net of sublease reserves. The lengths of these obligations vary by lease with the majority ending in 2019.

11. Related Party Transactions:

In accordance with the Management Agreement between the Company and affiliates of the Sponsors, the Company recorded $2 million of management fees in sales, marketing and administration expenses during the three months ended March 31, 2012 and 2013, respectively. At December 31, 2012 and March 31, 2013, $4 million and $2 million, respectively, was included in other accrued expenses.

During the first quarter of 2012, in connection with the sale of HE, the Company paid the Sponsors $17.8 million of management fees, which are included in the results of discontinued operations.

In each of March 2012 and 2013, Goldman Sachs & Co. and/or its respective affiliates received fees of approximately $1 million in connection with amendments of SunGard’s Credit Agreement in each year.

12. Supplemental Guarantor Condensed Consolidating Financial Statements:

SunGard’s senior unsecured notes are jointly and severally, fully and unconditionally guaranteed on a senior unsecured basis and the senior subordinated notes are jointly and severally, fully and unconditionally guaranteed on an unsecured senior subordinated basis, in each case, subject to certain exceptions, by substantially all wholly owned, domestic subsidiaries of SunGard (collectively, the “Guarantors”). Each of the Guarantors is 100% owned, directly or indirectly, by SunGard. None of the other subsidiaries of SunGard, either direct or indirect, nor any of the Holding Companies, guarantee the senior notes and senior subordinated notes (“Non-Guarantors”). The Guarantors and SunGard Holdco LLC also unconditionally guarantee the senior secured credit facilities. The Guarantors are subject to release under certain circumstances as described below.

The indentures evidencing the guarantees provide for a Guarantor to be automatically and unconditionally released and discharged from its guarantee obligations in certain circumstances, including upon the earliest to occur of:

• The sale, exchange or transfer of the subsidiary’s capital stock or all or substantially all of its assets;

• Designation of the Guarantor as an “unrestricted subsidiary” for purposes of the indenture covenants;

• Release or discharge of the Guarantor’s guarantee of certain other indebtedness; or

• Legal defeasance or covenant defeasance of the indenture obligations when provision has been made for them to be fully satisfied.

The following tables present the financial position, results of operations and cash flows of SunGard (referred to as “Parent Company” for purposes of this note only), the Guarantor subsidiaries, the Non-Guarantor subsidiaries and Eliminations as of December 31, 2012 and March 31, 2013, and for the three month periods ended March 31, 2012 and 2013 to arrive at the information for SunGard on a consolidated basis. SCC and SCCII are neither parties to nor guarantors of the debt issued as described in Note 5 of Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for 2012.

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(in millions)	Supplemental Condensed Consolidating Balance Sheet December 31, 2012
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current:
Cash and cash equivalents	$	220	$	(3	)	$	329	$	—		$	546
Intercompany balances		—		2,457			742		(3,199	)		—
Trade receivables, net		3		566	(a)		331		—			900
Prepaid expenses, taxes and other current assets		1,312		70			89		(1,241	)		230
Total current assets		1,535		3,090			1,491		(4,440	)		1,676
Property and equipment, net		—		574			300		—			874
Intangible assets, net		112		2,413			404		—			2,929
Deferred income taxes		39		—			—		(39	)		—
Intercompany balances		254		7			76		(337	)		—
Goodwill		—		3,470			1,069		—			4,539
Investment in subsidiaries		8,620		2,101			—		(10,721	)		—
Total Assets	$	10,560	$	11,655		$	3,340	$	(15,537	)	$	10,018
Liabilities and Stockholder’s Equity
Current:
Short-term and current portion of long-term debt	$	57	$	—		$	6	$	—		$	63
Intercompany balances		3,199		—			—		(3,199	)		—
Accounts payable and other current liabilities		70		1,983			632		(1,241	)		1,444
Total current liabilities		3,326		1,983			638		(4,440	)		1,507
Long-term debt		6,343		2			254		—			6,599
Intercompany debt		83		—			254		(337	)		—
Deferred and other income taxes		92		1,000			67		(39	)		1,120
Other long-term liabilities		—		50			26		—			76
Total liabilities		9,844		3,035			1,239		(4,816	)		9,302
Total stockholder’s equity		716		8,620			2,101		(10,721	)		716
Total Liabilities and Stockholder’s Equity	$	10,560	$	11,655		$	3,340	$	(15,537	)	$	10,018

(a) This balance is primarily comprised of a receivable from the Company’s AR Financing LLC subsidiary, which is a non-Guarantor, resulting from the normal, recurring sale of accounts receivable under the receivables facility. In a liquidation, the first $250 million (plus interest) of collections of accounts receivable sold to this subsidiary are due to the receivables facility lender. The remaining balance would be available for collection for the benefit of the Guarantors.

20

(in millions)	Supplemental Condensed Consolidating Balance Sheet March 31, 2013
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current:
Cash and cash equivalents	$	173	$	(2	)	$	366	$	—		$	537
Intercompany balances		—		2,588			704		(3,292	)		—
Trade receivables, net		7		515	(b)		243		—			765
Prepaid expenses, taxes and other current assets		1,361		81			112		(1,301	)		253
Total current assets		1,541		3,182			1,425		(4,593	)		1,555
Property and equipment, net		—		555			280		—			835
Intangible assets, net		116		2,347			380		—			2,843
Deferred income taxes		37		—			—		(37	)		—
Intercompany balances		248		6			77		(331	)		—
Goodwill		—		3,468			1,037		—			4,505
Investment in subsidiaries		8,607		2,056			—		(10,663	)		—
Total Assets	$	10,549	$	11,614		$	3,199	$	(15,624	)	$	9,738
Liabilities and Stockholder’s Equity
Current:
Short-term and current portion of long-term debt	$	434	$	—		$	7	$	—		$	441
Intercompany balances		3,292		—			—		(3,292	)		—
Accounts payable and other current liabilities		103		1,984			595		(1,301	)		1,381
Total current liabilities		3,829		1,984			602		(4,593	)		1,822
Long-term debt		5,915		2			204		—			6,121
Intercompany debt		83		—			248		(331	)		—
Deferred and other income taxes		91		978			55		(37	)		1,087
Other liabilities		—		43			34		—			77
Total liabilities		9,918		3,007			1,143		(4,961	)		9,107
Total stockholder’s equity		631		8,607			2,056		(10,663	)		631
Total Liabilities and Stockholder’s Equity	$	10,549	$	11,614		$	3,199	$	(15,624	)	$	9,738

(b) This balance is primarily comprised of a receivable from the Company’s AR Financing LLC subsidiary, which is a non-Guarantor, resulting from the normal, recurring sale of accounts receivable under the receivables facility. In a liquidation, the first $200 million (plus interest) of collections of accounts receivable sold to this subsidiary are due to the receivables facility lender. The remaining balance would be available for collection for the benefit of the Guarantors.

21

(in millions)	Supplemental Condensed Consolidating Schedule of Comprehensive  Income Three Months Ended March 31, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	713		$	398		$	(87	)	$	1,024
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		25			534			328			(87	)		800
Depreciation and amortization		—			48			23			—			71
Amortization of acquisition-related intangible assets		—			84			17			—			101
Total costs and expenses		25			666			368			(87	)		972
Operating income (loss)		(25	)		47			30			—			52
Net interest income (expense)		(114	)		—			(8	)		—			(122	)
Equity in earnings of unconsolidated subsidiaries (c)		160			27			—			(187	)		—
Other income (expense)		(15	)		—			2						(13	)
Income (loss) from continuing operations before income taxes		6			74			24			(187	)		(83	)
Benefit from (provision for) income taxes		10			(3	)		—			—			7
Income (loss) from continuing operations		16			71			24			(187	)		(76	)
Income (loss) from discontinued operations, net of tax		219			89			3			—			311
Net income (loss)		235			160			27			(187	)		235
Comprehensive income (loss)	$	271		$	185		$	49		$	(234	)	$	271

(c) The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the three months ended March 31, 2012 has been revised to present all equity in earnings of unconsolidated subsidiaries in a single caption within Other income (expense). The portion of equity in earnings of unconsolidated subsidiaries which related to the investees’ income (loss) from discontinued operations had previously been presented separately in the Income (loss) from discontinued operations, net of tax caption for the Parent Company and Guarantor Subsidiaries. This revision has also been reflected in the Net income (loss) and Income (loss) from discontinued operations captions in the Supplemental Condensed Consolidating Schedule of Cash Flows for Parent Company and Guarantor Subsidiaries for the same periods.

While these revisions have no impact on the previously reported Net Income or total cash flows from operations of the Parent Company or Guarantor Subsidiaries, they resulted in the following changes to previously reported amounts. For the Parent Company in 2012, Equity in earnings of unconsolidated subsidiaries changed from $71 million to $160 million; Income (loss) from continuing operations changed from $(77) million to $16 million; and Income (loss) from discontinued operations, net of tax changed from $312 million to $219 million. For the Guarantor Subsidiaries in 2012, Equity in earnings of unconsolidated subsidiaries changed from $24 million to $27 million; Income (loss) from continuing operations changed from $67 million to $71 million; and Income (loss) from discontinued operations, net of tax changed from $93 million to $89 million. These revisions had no impact on the consolidated results of the Company and were not material to the Supplemental Condensed Consolidating Schedule of Comprehensive Income or the Supplemental Condensed Consolidating Schedule of Cash Flows for any period.

22

(in millions)	Supplemental Condensed Consolidating Schedule of Comprehensive  Income Three Months Ended March 31, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	692		$	381		$	(78	)	$	995
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		23			509			325			(78	)		779
Depreciation and amortization		—			49			24			—			73
Amortization of acquisition-related intangible assets		—			71			16			—			87
Total costs and expenses		23			629			365			(78	)		939
Operating income (loss)		(23	)		63			16			—			56
Net interest income (expense)		(101	)		—			(7	)		—			(108	)
Equity in earnings of unconsolidated subsidiaries		41			8			—			(49	)		—
Other income (expense)		(5	)		—			1			—			(4	)
Income (loss) from continuing operations before income taxes		(88	)		71			10			(49	)		(56	)
Benefit from (provision for) income taxes		41			(30	)		(2	)		—			9
Income (loss) from continuing operations		(47	)		41			8			(49	)		(47	)
Income (loss) from discontinued operations, net of tax		—			—			—			—			—
Net income (loss)		(47	)		41			8			(49	)		(47	)
Comprehensive income (loss)	$	(91	)	$	1		$	(26	)	$	25		$	(91	)

23

(in millions)	Supplemental Condensed Consolidating Schedule of Cash Flows Three Months Ended March 31, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	235		$	160		$	27		$	(187	)	$	235
Income (loss) from discontinued operations		219			89			3			—			311
Income (loss) from continuing operations		16			71			24			(187	)		(76	)
Non cash adjustments		(75	)		94			36			187			242
Changes in operating assets and liabilities		8			(68	)		(36	)		—			(96	)
Cash flow from (used in) continuing operations		(51	)		97			24			—			70
Cash flow from (used in) discontinued operations		(2	)		—			7			—			5
Cash flow from (used in) operations		(53	)		97			31			—			75
Investment activities:
Intercompany transactions (d)		1,828			(24	)		(33	)		(1,771	)		—
Cash paid for acquired businesses, net of cash acquired		—			—			(6	)		—			(6	)
Cash paid for property and equipment and software		—			(41	)		(19	)		—			(60	)
Other investing activities		1			—			2			—			3
Cash provided by (used in) continuing operations		1,829			(65	)		(56	)		(1,771	)		(63	)
Cash provided by (used in) discontinued operations		—			1,740			—			—			1,740
Cash provided by (used in) investment activities		1,829			1,675			(56	)		(1,771	)		1,677
Financing activities:
Intercompany dividends of HE sale proceeds		—			(1,771	)		—			1,771			—
Net repayments of long-term debt		(1,241	)		(1	)		(2	)		—			(1,244	)
Premium paid to retire debt		—			—			—			—			—
Dividends paid		—			—			—			—			—
Other financing activities		(10	)		—			—			—			(10	)
Cash provided by (used in) continuing operations		(1,251	)		(1,772	)		(2	)		1,771			(1,254	)
Cash provided by (used in) discontinued operations		—			—			—			—
Cash provided by (used in) financing activities		(1,251	)		(1,772	)		(2	)		1,771			(1,254	)
Effect of exchange rate changes on cash		—			—			7			—			7
Increase (decrease) in cash and cash equivalents		525			—			(20	)		—			505
Beginning cash and cash equivalents		529			(15	)		359			—			873
Ending cash and cash equivalents	$	1,054		$	(15	)	$	339		$	—		$	1,378

(d) The intercompany cash transactions reflected above within investment activities largely reflect cash dividends or the return of capital, including the cash dividend of $1.8 billion from Guarantor Subsidiaries to Parent in connection with the sale of our Higher Education business.

24

(in millions)	Supplemental Condensed Consolidating Schedule of Cash Flows Three Months Ended March 31, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	(47	)	$	41		$	8		$	(49	)	$	(47	)
Income (loss) from discontinued operations		—			—			—			—			—
Income (loss) from continuing operations		(47	)		41			8			(49	)		(47	)
Non cash adjustments		(9	)		89			32			49			161
Changes in operating assets and liabilities		(14	)		34			45			—			65
Cash flow from (used in) continuing operations		(70	)		164			85			—			179
Cash flow from (used in) discontinued operations		—			—			—			—			—
Cash flow from (used in) operations		(70	)		164			85			—			179
Investment activities:
Intercompany transactions		108			(121	)		35			(22	)		—
Cash paid for acquired businesses, net of cash acquired		(1	)		—			—			—			(1	)
Cash paid for property and equipment and software		—			(32	)		(14	)		—			(46	)
Other investing activities		—			1			—			—			1
Cash provided by (used in) continuing operations		107			(152	)		21			(22	)		(46	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) investment activities		107			(152	)		21			(22	)		(46	)
Financing activities:
Intercompany dividends of HE sale proceeds		—			—			—			—			—
Intercompany dividends		—			(11	)		(11	)		22			—
Net repayments of long-term debt		(78	)		—			(50	)		—			(128	)
Premium paid to retire debt		—			—			—			—			—
Dividends paid		(1	)		—			—			—			(1	)
Other financing activities		(5	)		—			—			—			(5	)
Cash provided by (used in) continuing operations		(84	)		(11	)		(61	)		22			(134	)
Cash provided by (used in) discontinued operations		—			—			—			—
Cash provided by (used in) financing activities		(84	)		(11	)		(61	)		22			(134	)
Effect of exchange rate changes on cash		—			—			(8	)		—			(8	)
Increase (decrease) in cash and cash equivalents		(47	)		1			37			—			(9	)
Beginning cash and cash equivalents		220			(3	)		329			—			546
Ending cash and cash equivalents	$	173		$	(2	)	$	366		$	—		$	537

25

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Introduction

The following discussion and analysis supplements management’s discussion and analysis in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 and presumes that readers are familiar with the discussion and analysis in that filing. The following discussion and analysis includes historical and certain forward-looking information that should be read together with the accompanying Consolidated Financial Statements, related footnotes, and the discussion below of certain risks and uncertainties that could cause future operating results to differ materially from historical results or from the expected results indicated by forward-looking statements. The following discussion reflects the results of operations and financial condition of SCC, which are materially the same as the results of operations and financial condition of SCCII and SunGard. Therefore, the discussions provided are applicable to each of SCC, SCCII and SunGard unless otherwise noted.

Except as otherwise noted, all explanations below exclude the impacts from changes in currency translation, which we refer to as constant currency, a non-GAAP measure. We believe presenting our results on a constant currency basis is meaningful for assessing how our underlying businesses have performed due to the fact that we have international operations that are material to our overall operations. As a result, total revenues and expenses are affected by changes in the U.S. Dollar against international currencies. To present this constant currency information, current period results for entities reporting in currencies other than U.S. Dollars are converted to U.S. Dollars at the average exchange rate used in the prior year period rather than the actual exchange rates in effect during the current year period. In each of the tables below, we present the percent change based on actual, unrounded results in reported currency and in constant currency. Also, percentages may not add due to rounding.

We evaluate our performance using both GAAP and non-GAAP measures. Our primary non-GAAP measure is Internal Adjusted EBITDA, whose corresponding GAAP measure is income from continuing operations before income taxes (see Note 9 of Notes to Consolidated Financial Statements). Internal Adjusted EBITDA is defined as operating income excluding the following items:

• depreciation and amortization,

• amortization of acquisition-related intangible assets,

• goodwill impairment,

• severance and facility closure charges,

• stock compensation,

• management fees, and

• certain other costs.

We believe Internal Adjusted EBITDA is an effective tool to measure our operating performance since it excludes non-cash items and certain variable charges. We use Internal Adjusted EBITDA extensively to measure both SunGard and its reportable segments within the Company and also to our board of directors.

While Internal Adjusted EBITDA is useful for analysis purposes, it should not be considered as an alternative to our reported GAAP results. Also, Internal Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. Internal Adjusted EBITDA is similar, but not identical, to adjusted EBITDA as defined in the Credit Agreement (as defined above) for purposes of our debt covenants.

26

Results of Operations:

Three Months Ended March 31, 2013 Compared To Three Months Ended March 31, 2012

The following table sets forth, for the periods indicated, certain supplemental revenue data and the percentage change in those amounts from period to period (in millions).

Three Months Ended March 31, 2013	FS			AS			PS&E			Total
Total revenue	$	600		$	345		$	50		$	995
Year to year revenue change		(3	)%		(3	)%		(1	)%		(3	)%
Year to year revenue change at constant currency		(3	)%		(3	)%		(1	)%		(3	)%
Services	$	566		$	340		$	43		$	949
Year to year services revenue change		(3	)%		(2	)%		—	%		(3	)%
Year to year services revenue change at constant currency		(3	)%		(2	)%		—	%		(2	)%
License and resale fees	$	27		$	—		$	6		$	33
Year to year license and resale fees revenue change		11	%		13	%		(10	)%		6	%
Year to year license and resale fees revenue change at constant currency		12	%		13	%		(10	)%		7	%
Reimbursable expenses	$	7		$	5		$	1		$	13
Year to year reimbursable expenses revenue change		(33	)%		(27	)%		8	%		(29	)%
Year to year reimbursable expenses revenue change at constant currency		(33	)%		(26	)%		8	%		(29	)%
Three Months Ended March 31, 2012	FS			AS			PS&E			Total
Total revenue	$	618		$	355		$	51		$	1,024
Services		583			348			43			974
License and resale fees		24			—			7			31
Reimbursable expenses		11			7			1			19

27

Revenue:

Total SunGard reported revenue decreased $29 million or 3% for the three months ended March 31, 2013 compared to the first quarter of 2012. On a constant currency basis, revenue decreased $26 million, or 3%. The $26 million decrease is due mainly to a combined $14 million decrease in FS and AS professional services revenue, an $8 million decrease in AS recovery services and a $5 million decrease in FS processing revenue, partially offset by an increase in FS software license revenue of $3 million.

Financial Systems segment:

FS reported revenue decreased $18 million, or 3%, in the first quarter of 2013 from the prior year period, and decreased $16 million, or 3%, on a constant currency basis. Software license revenue, which is a component of license and resale fees, was $24 million as reported, and increased $3 million, or 14%, year to year on a constant currency basis. During the first quarter of 2013, we saw continued growth in license sales, particularly in renewals of existing term licenses, demonstrating the mission-critical nature of our software and the value that customers ascribe to it. Nonetheless, we saw relatively fewer new license sales, particularly in the established markets, as some of our largest customers were cautious in their spending patterns. Moreover, certain customer mergers and a bankruptcy resulted in lost revenue versus prior years. This decrease in new licenses and customers’ unwillingness to take on new projects led to an 8%, or $10 million, decrease in professional services, which drove the majority of our services revenue decline. Also in services revenue, processing revenue decreased $5 million, or 2%, and software rental revenue decreased $3 million, or 4%, both due primarily to customer attrition as discussed above. This was partially offset by a $2 million increase from the acquisition of XSP in the fourth quarter of 2012.

We were also encouraged by our growth in emerging markets in the first quarter of 2013. In the emerging markets, we saw double-digit percentage growth as customers continue to demand the world-class software and services that SunGard provides. Emerging markets revenue now comprises over 10% of total FS revenue. Emerging markets include China, India and countries located in Latin America, Central and Eastern Europe, Middle East, Africa and Southeast Asia.

Availability Services segment:

AS reported revenue decreased $10 million, or 3%, in the first quarter of 2013 from the prior year period. On a constant currency basis, revenue decreased $9 million, or 3%, in the quarter. Our recovery services revenue has been declining due to customers shifting from traditional backup and recovery solutions to either in-house solutions or disk-based, cloud-based or managed recovery solutions. In this environment, we have introduced the Managed Recovery Program (“MRP”), which brings SunGard’s expertise to our customers’ disaster recovery operations. Also, in managed services, demand has been increasing for outsourced management of IT operations and applications. We expect these trends to continue in the future. As a result, in North America, which accounts for approximately 75% of our AS business, revenue decreased 4%, due primarily to decreases in recovery services and professional services revenue. Revenue in Europe, mostly from our U.K. operations, increased 3%, primarily as a result of a significant new managed services contract, and was partly offset by a decrease in recovery services revenue.

Public Sector & Education segment:

PS&E reported revenue and constant currency revenue decreased $1 million, or 1%, for the three months ended March 31, 2013, from the corresponding period in 2012. Reported revenue from license and resale fees included software license revenue of $1 million in the three months ended March 31, 2013, a decrease of approximately $1 million from the prior year period.

28

The tables below set forth, for the periods indicated, certain amounts included in our Consolidated Statements of Comprehensive Income, the relative percentage that those amounts represent to consolidated revenue (unless otherwise indicated), and the percentage change in those amounts from period to period (in millions).

Three Months Ended March 31, 2013	FS			AS			PS&E			Sum of segments			Corporate			Total
Revenue	$	600		$	345		$	50		$	995		$	—		$	995
Internal Adjusted EBITDA		130			105			14			249			(13	)		236
Internal Adjusted EBITDA margin		21.6	%		30.5	%		29.1	%		25.1	%		(1.3	)%		23.8	%
Year to year revenue change		(3	)%		(3	)%		(1	)%		(3	)%		0	%		(3	)%
Year to year Internal Adjusted EBITDA change		3	%		(6	)%		(12	)%		(2	)%		3	%		(2	)%
Year to year revenue change at constant currency		(3	)%		(3	)%		(1	)%		(3	)%		0	%		(3	)%
Year to year Internal Adjusted EBITDA change at constant currency		2	%		(6	)%		(12	)%		(3	)%		3	%		(3	)%

Reconciliation of Internal Adjusted EBITDA to operating income:

	Three Months Ended March 31, 2013
Internal Adjusted EBITDA	$	236
Depreciation(1)		(73	)
Amortization of acquisition-related intangible assets		(87	)
Severance and facility closure costs		(3	)
Stock compensation expense		(11	)
Management fees		(2	)
Other costs (included in operating income)		(4	)
Operating income	$	56
Operating income margin		5.7	%
Operating income margin at constant currency		5.5	%

Three Months Ended March 31, 2013	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	21	$	23	$	2	$	46	$	—	$	46
Depreciation(1)		22		49		2		73		—		73
Amortization of acquisition-related intangible assets		44		39		4		87		—		87

Three Months Ended March 31, 2012	FS			AS			PS&E			Sum of segments			Corporate			Total
Revenue	$	618		$	355		$	51		$	1,024		$	—		$	1,024
Internal Adjusted EBITDA		126			113			16			255			(14	)		241
Internal Adjusted EBITDA margin		20.4	%		31.7	%		32.7	%		24.9	%		(1.4	)%		23.6	%

Reconciliation of Internal Adjusted EBITDA to operating income:

	Three Months Ended March 31, 2012
Internal Adjusted EBITDA	$	241
Depreciation(1)		(71	)
Amortization of acquisition-related intangible assets		(101	)
Severance and facility closure costs		(2	)
Stock compensation expense		(11	)
Management fees		(2	)
Other costs (included in operating income)		(2	)
Operating income	$	52
Operating income margin		5.1	%

Three Months Ended March 31, 2012	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	20	$	38	$	2	$	60	$	—	$	60
Depreciation(1)		21		48		2		71		—		71
Amortization of acquisition-related intangible assets		53		43		5		101		—		101

⁽¹⁾  Includes amortization of capitalized software.

29

Operating Income:

Our total operating margin was 5.5% for the three months ended March 31, 2013, compared to 5.1% for the three months ended March 31, 2012. The more significant factors impacting the 0.4 margin point improvement are the following:

• 1.3 margin point increase, or $14 million, from the decrease in amortization of acquisition-related intangible assets due primarily to the $15 million impact of software and customer base intangible assets that were fully amortized in 2012; and

• 0.2 margin point increase from the $2 million increase in software license fee revenue;

partially offset by

• 0.6 margin point decrease from the decrease in AS Internal Adjusted EBITDA margin primarily due to the decrease in revenue;

• 0.2 margin point decrease, or $2 million, from the increase in depreciation and amortization due primarily to accelerating depreciation related to consolidating facilities; and

• 0.2 margin point decrease, or $2 million, from the increase in currency transaction losses.

Segment Internal Adjusted EBITDA:

Financial Systems segment:

The FS Internal Adjusted EBITDA margin was 21.3% and 20.4% for the three months ended March 31, 2013 and 2012, respectively. The more significant factors impacting the 0.9 margin point improvement are the 0.4 margin point increase from the $3 million increase in software license fee revenue; and the 0.3 margin point increase, or $2 million, from the increase in costs capitalized as software assets. A change in the revenue mix to software from professional services, which has a higher percentage of employment costs, improved the margin in 2013. Restructuring actions, most of which were taken in the second half of 2012, reduced labor and facility costs in the first quarter of 2013.

Availability Services segment:

The AS Internal Adjusted EBITDA margin was 30.6% and 31.7% for the three months ended March 31, 2013 and 2012, respectively. The overall AS margin decreased by 1.4 margin points in the three months ended March 31, 2013 by our European business due primarily to a combined $6 million increase in reimbursable expenses, employment-related, facility and consultant expenses, on a $2 million increase in revenue. In North America, recovery services, which typically uses shared resources, decreased the overall AS margin by 0.9 margin points due primarily to an $8 million decrease in revenue and a $3 million increase in employment-related expenses from an investment to support our MRP growth, partially offset by a $3 million decrease in equipment expense due to lower data network costs. Also in North America, a $4 million decrease in employment-related expenses from lower commissions expense and lower headcount increased the overall AS margin by 0.8 margin points in the first quarter of 2013.

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Public Sector & Education segment:

The PS&E Internal Adjusted EBITDA margin was 29.1% and 32.7% for the three months ended March 31, 2013 and 2012, respectively, and operating income decreased $2 million. The $2 million decrease resulted from the timing of revenue recognition in the first quarter of 2013 and higher external services fees reflecting the benefit we received in the first quarter of 2012.

Non-operating Expenses:

Interest expense was $108 million and $122 million for the three months ended March 31, 2013 and 2012, respectively. The $14 million decrease in interest expense was due primarily to lower average debt outstanding at a lower average interest rate.

Loss on extinguishment of debt was $5 million and $15 million for the three months ended March 31, 2013 and 2012, respectively. The loss on extinguishment of debt in 2013 includes the loss related to the refinance of $2.2 billion of term loans. The loss on extinguishment of debt in 2012 includes the loss related to the January 2012 repayment of $1.22 billion of term loans.

The effective income tax rates for the three months ended March 31, 2013 and 2012 were 16% and 8%, respectively. The Company’s effective tax rate reflects changes in the mix of income or losses in jurisdictions with a wide range of tax rates, permanent differences between generally accepted accounting principles (“GAAP”) and local tax laws, and the timing of recording discrete items. Changes in the mix of income or the total amount of income for 2013 may significantly impact the estimated effective income tax rate for the year.

Accreted dividends on SCCII’s cumulative preferred stock were $25 million and $62 million for the three months ended March 31, 2013 and 2012, respectively. The decrease in accreted dividends is due to the declaration and payment of a dividend in December 2012, partially offset by compounding.

Liquidity and Capital Resources:

At March 31, 2013, cash and equivalents were $537 million, a decrease of $9 million from December 31, 2012. Included in cash and cash equivalents at March 31, 2013 is $179 million invested in money market accounts in the U.S. Cash flow from continuing operations was $178 million in the three months ended March 31, 2013 compared to $70 million in the three months ended March 31, 2012. Impacting cash flow from continuing operations was a $72 million increase in cash generated by working capital due primarily to a focus on improving working capital management through increased collections of accounts receivable, improved payables management, an increase in deferred revenue and timing of employment-related tax payments in 2013 compared to the prior year quarter. Also, cash flow from operations benefitted from $52 million less of interest payments due to lower average debt outstanding and the timing of our interest payments. In the first quarter of 2013, we paid $49 million of interest, which is $52 million less than the first quarter of 2012 largely due to the refinancing of the senior subordinated notes. A portion of this reduction will be offset in the second quarter of 2013 due to the level and timing of interest payments on our debt.

Net cash used by continuing operations in investing activities was $46 million in the three months ended March 31, 2013, comprised of cash paid for property and equipment and software. Net cash used by continuing operations in investing activities was $63 million in the three months ended March 31, 2012, comprised mainly of cash paid for property and equipment and software and one business acquired in our FS segment. In January 2012, we sold our HE business for gross proceeds of approximately $1.775 billion less applicable taxes and fees.

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Net cash used by continuing operations in financing activities was $133 million for the three months ended March 31, 2013, primarily related to refinancing $2.2 billion of term loans and additional repayments of $52 million of term loans and $50 million of our receivables facility revolver borrowings. Net cash used by continuing operations in financing activities was $1.25 billion for the three months ended March 31, 2012, primarily related to repayments of $1.222 billion of term loans resulting from the sale of HE.

At March 31, 2013, the contractual future maturities of debt are as follows (in millions):

2013	$	29
2014		434
2015		30
2016		32
2017		656
Thereafter		5,381
Total	$	6,562

At March 31, 2013, we have outstanding $6.56 billion in aggregate indebtedness, with additional borrowing capacity of $828 million under the revolving credit facility (after giving effect to outstanding letters of credit). Under the receivables facility, there was an additional borrowing capacity of $24 million at March 31, 2013. Also at March 31, 2013, we have outstanding letters of credit and bid bonds that total approximately $36 million and contingent purchase obligations that depend on the operating performance of an acquired business of up to $6 million, of which $3 million is included in other long-term liabilities.

We expect our available cash balances and cash flows from operations, combined with availability under the revolving credit facility and receivables facility, to provide sufficient liquidity to fund our current obligations, projected working capital requirements and capital spending for a period that includes at least the next 12 months.

Covenant Compliance

In connection with the March 2013 senior secured credit agreement amendment, we removed the financial maintenance covenants for the term loan facility and modified the financial maintenance covenants for the senior secured revolving credit facility. As amended, the financial maintenance covenant is applicable at quarter end only if there is an amount outstanding under the revolving credit facility that is greater than or equal to 15% of the total revolving commitments (see footnote 1 below for further details). If applicable, the financial maintenance covenant allows a maximum total leverage ratio of 5.75x at the end of such quarter.

If the financial maintenance covenant in the revolving credit facility applies, a breach of that covenant could result in a default of the revolving credit facility under the senior secured credit agreement. If such a default occurs, then the revolving credit lenders could elect (upon a determination by a majority of the revolving credit lenders) to terminate their commitments and declare all amounts borrowed under the revolving credit facility due and payable. If this happens, all amounts borrowed under the senior secured term loan facilities would be due and payable as well. This acceleration would also result in a default under the indentures.

Under the indentures governing SunGard’s senior notes due 2018 and 2020 and senior subordinated notes due 2019 and SunGard’s senior secured credit agreement, our ability to incur additional indebtedness, make investments and pay dividends remains tied to a leverage or fixed charge ratio based on Adjusted EBITDA. Adjusted EBITDA is defined as EBITDA, which we define as earnings before interest, taxes, depreciation and amortization, further adjusted to exclude certain adjustments permitted in calculating covenant compliance under the indentures and senior secured credit facilities. We believe that the inclusion of supplementary adjustments to EBITDA applied in presenting Adjusted EBITDA are appropriate to provide additional information to investors to demonstrate compliance with the financing covenants. Adjusted EBITDA is similar, but not identical, to Internal Adjusted EBITDA which we use to measure performance of our business and our segments.

32

Adjusted EBITDA is calculated as follows (in millions):

							Last Twelve Months Ended
	Three Months Ended March 31,						March 31,
	2012			2013			2013
Income (loss) from continuing operations	$	(76	)	$	(47	)	$	(368	)
Interest expense, net		122			108			413
Taxes		(7	)		(9	)		(40	)
Depreciation and amortization		172			160			660
EBITDA		211			212			665
Goodwill impairment charge		—			—			385
Purchase accounting adjustments (a)		2			2			9
Non-cash charges (b)		11			11			39
Restructuring and other (c)		3			6			67
Acquired EBITDA, net of disposed EBITDA (d)		1			—			2
Loss on extinguishment of debt (e)		15			5			72
Adjusted EBITDA - senior secured credit facilities, senior notes due 2018 and 2020 and senior subordinated notes due 2019	$	243		$	236		$	1,239

(a) Purchase accounting adjustments include the adjustment of deferred revenue and lease reserves to fair value at the date of the LBO and subsequent acquisitions made by the Company and certain acquisition-related compensation expense.

(b) Non-cash charges include stock-based compensation and loss on the sale of assets.

(c) Restructuring and other charges include severance and related payroll taxes, reserves to consolidate or exit certain facilities, strategic initiative expenses, certain other expenses associated with acquisitions made by the Company, management fees paid to the Sponsors (see Note 11 of Notes to Financial Statements) and franchise and similar taxes reported in operating expenses, partially offset by certain charges relating to the receivables facility.

(d) Acquired EBITDA net of disposed EBITDA reflects the EBITDA impact of businesses that were acquired or disposed of during the period as if the acquisition or disposition occurred at the beginning of the period.

(e) Loss on extinguishment of debt includes the write-off of deferred financing fees associated with the January 2012 repayment of $1.22 billion of our US$-denominated term loans and the April 2012 retirement of $500 million, 10.625% senior notes due 2015, the December 2012 repayment of $217 million of US$-denominated term loans and the March 2013 refinance of $2.2 billion of term loans and repayment of $50 million of term loans.

33

The covenant requirements and actual ratios for the twelve months ended March 31, 2013 are as follows. All covenants are in compliance.

	Covenant Requirements	Actual Ratios
Senior secured credit facilities (1)
Maximum total debt to Adjusted EBITDA	5.75x	4.75x
Senior notes due 2018 and 2020 and senior subordinated notes due 2019 (2)
Minimum Adjusted EBITDA to fixed charges ratio required to incur additional debt pursuant to ratio provisions	2.00x	3.52x

(1) If on the last day of any four consecutive fiscal quarters our total revolving credit exposure minus the lesser of (x) the amount of outstanding letters of credit under the senior secured revolving credit facility and (y) $25 million, is equal to or greater than an amount equal to 15% of our aggregate revolving credit commitments, then on such day, we would be required to maintain a maximum consolidated total debt to Adjusted EBITDA ratio of 5.75x. Consolidated total debt is defined in the senior secured credit facilities as total debt less (i) certain indebtedness and (ii) cash and cash equivalents on our balance sheet in excess of $50 million. Failure to satisfy this ratio requirement would constitute a default solely under the senior secured revolving credit facility. If our revolving credit facility lenders failed to waive any such default and subsequently accelerated our obligations or terminated their commitments under the senior secured revolving credit facility, our repayment obligations under the senior secured term loan facilities would be accelerated as well, which would also constitute a default under our indentures.

(2) SunGard’s ability to incur additional debt and make certain restricted payments under our indentures, subject to specified exceptions, is tied to an Adjusted EBITDA to fixed charges ratio of at least 2.0x, except that we may incur certain debt and make certain restricted payments and certain permitted investments without regard to the ratio, such as the ability to incur up to an aggregate principal amount of $5.75 billion under credit facilities (inclusive of amounts outstanding under the senior credit facilities from time to time; as of March 31, 2013, we had $3.50 billion outstanding under the term loan facilities and available commitments of $828 million under the revolving credit facility), to acquire persons engaged in a similar business that become restricted subsidiaries and to make other investments equal to 6% of our consolidated assets. Fixed charges is defined in the indentures governing the Senior Notes due 2018 and 2020 and the Senior Subordinated Notes due 2019 as consolidated interest expense less interest income, adjusted for acquisitions, and further adjusted for non-cash interest and the elimination of interest expense and fees associated with the receivables facility.

34

Certain Risks and Uncertainties

Certain of the matters we discuss in this Report may constitute forward-looking statements. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” or “anticipates” or similar expressions which concern our strategy, plans or intentions. All statements we make relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Some of the factors that we believe could affect our results include: global economic and market conditions; the condition of the financial services industry, including the effect of any further consolidation among financial services firms; our high degree of debt-related leverage; the effect of war, terrorism, natural disasters or other catastrophic events; the effect of disruptions to our systems and infrastructure; the timing and magnitude of software sales; the timing and scope of technological advances; customers taking their information availability solutions in-house; the trend in information availability toward solutions utilizing more dedicated resources; the market and credit risks associated with broker/dealer operations; the ability to retain and attract customers and key personnel; risks relating to the foreign countries where we transact business; the integration and performance of acquired businesses; the ability to obtain patent protection and avoid patent-related liabilities in the context of a rapidly developing legal framework for software and business-method patents; a material weakness in our internal controls; and unanticipated changes in our income tax provision or the enactment of new tax legislation, issuance of regulations or relevant judicial decisions. The factors described in this paragraph and other factors that may affect our business or future financial results are discussed in our filings with the Securities and Exchange Commission, including this Form 10-Q. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.

Item 3. Quantitative and Qualitative Disclosures about Market Risk:

We do not use derivative financial instruments for trading or speculative purposes. We have invested our available cash in short-term, highly liquid financial instruments, with a substantial portion having initial maturities of three months or less. When necessary, we have borrowed to fund acquisitions.

At March 31, 2013, we had total debt of $6.56 billion, including $3.70 billion of variable rate debt. We have entered into interest rate swap agreements which fix the interest rates for $400 million of our variable rate debt. Swap agreements expiring in February 2017 with a notional value of $400 million effectively fix our interest rates at 0.69%. Our remaining variable rate debt of $3.30 billion is subject to changes in underlying interest rates, and, accordingly, our interest payments will fluctuate. During the period when all of our interest rate swap agreements are effective, a 1% change in interest rates would result in a change in interest of approximately $33 million per year. Upon the expiration of the interest rate swap agreement in February 2017, a 1% change in interest rates would result in a change in interest of approximately $37 million per year, respectively.

Item 4. Controls and Procedures:

Our management, with the participation of our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, as of the end of the period covered by this Report. Based on that evaluation, the chief executive officer and chief financial officer concluded that our disclosure controls and procedures as of the end of the period covered by this Report were effective.

No change in our internal control over financial reporting occurred during our most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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Part II. Other Information:

Item 1. Legal Proceedings: We are presently a party to certain lawsuits arising in the ordinary course of our business. We believe that none of our current legal proceedings will be material to our business, financial condition or results of operations.

Item 1A. Risk Factors: There have been no material changes to SCC’s, SCCII’s or SunGard’s Risk Factors as previously disclosed in their Form 10-K for the year ended December 31, 2012.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds: None.

Item 3. Defaults Upon Senior Securities: None.

Item 4. Mine Safety Disclosures: None.

Item 5. Other Information:

Disclosure of Iranian Activities under Section 13(r) of the Securities Exchange Act of 1934

As previously reported on our Annual Report on Form 10-K for the year ended December 31, 2012, pursuant to Section 13(r)(1)(D)(i) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), during 2012 a U.K. subsidiary of ours provided certain limited disaster recovery services and hosted co-location of some hardware at our premises in London for Bank Saderat PLC, a bank incorporated and based in the U.K. Bank Saderat PLC is identified on the U.S. Treasury Department’s List of Specially Designated Nationals and Blocked Persons pursuant to Executive Order No. 13224. Our subsidiary terminated this contract in the first quarter of 2013, and we do not otherwise intend to enter into any Iran-related activity. The gross revenue and net profits attributable to these activities in the first quarter of 2013 were approximately £3,300 and £620, respectively. Our subsidiary is seeking a license from U.S. regulators to return to Bank Saderat PLC certain funds and equipment that are being held by our subsidiary as a result of the contract termination.

Additionally, because of the broad definition of “affiliate” in Exchange Act Rule 12b-2, certain of our Sponsors and the companies in which their affiliated funds are invested (“portfolio companies”) may be deemed to be affiliates of ours. Accordingly, we note that affiliates of one of our Sponsors, The Blackstone Group L.P., has included information in its Quarterly Report on Form 10-Q, as required by Section 13(r) of the Exchange Act, regarding activities of its portfolio companies. These disclosures are reproduced on Exhibit 99.1 of this report, which disclosures are hereby incorporated by reference herein. We have no involvement in or control over such activities, and we have not independently verified or participated in the preparation of the disclosures described in that filing. To the extent any of our Sponsors make additional disclosures under Section 13(r), we will provide updates in our subsequent periodic filings.

Item 6. Exhibits:

Number	Document
12.1	Computation of Ratio of Earnings to Fixed Charges.
31.1	Certification of Russell P. Fradin, Chief Executive Officer of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. required by Rule 13a-14(a) or Rule 15d-14(a) and Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Charles J. Neral, Chief Financial Officer of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. required by Rule 13a-14(a) or Rule 15d-14(a) and Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Russell P. Fradin, Chief Executive Officer of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. required by Rule 13a-14(b) or Rule 15d-14(b) and Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Charles J. Neral, Chief Financial Officer of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. required by Rule 13a-14(b) or Rule 15d-14(b) and Section 906 of the Sarbanes-Oxley Act of 2002.
99.1	Section 13(r) Disclosure of Certain Sponsors
101	Interactive Data Files for SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. pursuant to Rule 405 of Regulation S-T: (i) Consolidated Balance Sheets as of December 31, 2012 and March 31, 2013, (ii) Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2012 and 2013, (iii) Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2012 and 2013 and (iv) Notes to Consolidated Financial Statements.

36

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SUNGARD CAPITAL CORP. SUNGARD CAPITAL CORP. II SUNGARD DATA SYSTEMS INC.
Dated: May 10, 2013	By:	/s/ Charles J. Neral
		Charles J. Neral
		Senior Vice President-Finance and Chief Financial Officer (Principal Financial Officer)

37

EXHIBIT INDEX

Exhibit No.	Document
12.1	Computation of Ratio of Earnings to Fixed Charges.
31.1	Certification of Russell P. Fradin, Chief Executive Officer of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. required by Rule 13a-14(a) or Rule 15d-14(a) and Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Charles J. Neral, Chief Financial Officer of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. required by Rule 13a-14(a) or Rule 15d-14(a) and Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Russell P. Fradin, Chief Executive Officer of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. required by Rule 13a-14(b) or Rule 15d-14(b) and Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Charles J. Neral, Chief Financial Officer of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. required by Rule 13a-14(b) or Rule 15d-14(b) and Section 906 of the Sarbanes-Oxley Act of 2002.
99.1	Section 13(r) Disclosure of Certain Sponsors
101	Interactive Data Files for SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. pursuant to Rule 405 of Regulation S-T: (i) Consolidated Balance Sheets as of December 31, 2012 and March 31, 2013, (ii) Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2012 and 2013, (iii) Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2012 and 2013 and (iv) Notes to Consolidated Financial Statements.

38

EX-12.1

Exhibit 12.1

SunGard Capital Corp.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

	Three Months Ended March 31,
	2012			2013
Fixed charges
Interest expense	$	110		$	92
Amortization of debt issuance costs and debt discount		12			16
Portion of rental expense representative of interest		18			17
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate)		68			30
Total fixed charges	$	208		$	155
Earnings
Income (loss) from continuing operations before income taxes	$	(83	)	$	(56	)
Fixed charges per above		208			155
Total earnings	$	125		$	99
Ratio of earnings to fixed charges			*			*

* Earnings for the three months ended March 31, 2012 and 2013 were inadequate to cover fixed charges by $83 million and $56 million, respectively.

SunGard Capital Corp. II

SunGard Data Systems Inc.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

	Three Months Ended March 31,
	2012			2013
Fixed charges
Interest expense	$	110		$	92
Amortization of debt issuance costs and debt discount		12			16
Portion of rental expense representative of interest		18			17
Total fixed charges	$	140		$	125
Earnings
Income (loss) from continuing operations before income taxes	$	(83	)	$	(56	)
Fixed charges per above		140			125
Total earnings	$	57		$	69
Ratio of earnings to fixed charges			*			*

* Earnings for the three months ended March 31, 2012 and 2013 were inadequate to cover fixed charges by $83 million and $56 million, respectively.

EX-31.1

Exhibit 31.1

Certification of Russell P. Fradin

Required by Rule 13a-14(a) or Rule 15d-14(a) and

Section 302 of the Sarbanes-Oxley Act of 2002

I, Russell P. Fradin, certify that:

1. I have reviewed this quarterly report on Form 10-Q of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. (collectively, “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 10, 2013

/s/ Russell P. Fradin

Russell P. Fradin

President and Chief Executive Officer

SunGard Capital Corp., SunGard Capital Corp. II & SunGard Data Systems Inc.

EX-31.2

Exhibit 31.2

Certification of Charles J. Neral

Required by Rule 13a-14(a) or Rule 15d-14(a) and

Section 302 of the Sarbanes-Oxley Act of 2002

I, Charles J. Neral, certify that:

1. I have reviewed this quarterly report on Form 10-Q of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. (collectively, “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 10, 2013

/s/ Charles J. Neral

Charles J. Neral

Chief Financial Officer

SunGard Capital Corp., SunGard Capital Corp. II & SunGard Data Systems Inc.

EX-32.1

Exhibit 32.1

Certification of Russell P. Fradin

Required by Rule 13a-14(b) or Rule 15d-14(b) and

Section 906 of the Sarbanes-Oxley Act of 2002

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C.(S) 1350, as adopted), I, Russell P. Fradin, Chief Executive Officer of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. (collectively, the “Company”), hereby certify that to my knowledge:

1. The Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2013 (the “Periodic Report”) fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Periodic Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 10, 2013

/s/ Russell P. Fradin

Russell P. Fradin

Chief Executive Officer

A signed original of this written statement required by Section 906 has been provided to SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. and will be retained by SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

Certification of Charles J. Neral

Required by Rule 13a-14(b) or Rule 15d-14(b) and

Section 906 of the Sarbanes-Oxley Act of 2002

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C.(S) 1350, as adopted), I, Charles J. Neral, Chief Financial Officer of SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. (collectively, the “Company”), hereby certify that to my knowledge:

1. The Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2013 (the “Periodic Report”) fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Periodic Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 10, 2013

/s/ Charles J. Neral

Charles J. Neral

Chief Financial Officer

A signed original of this written statement required by Section 906 has been provided to SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. and will be retained by SunGard Capital Corp., SunGard Capital Corp. II and SunGard Data Systems Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-99.1

Exhibit 99.1

Section 13(r) Disclosure of Certain Sponsors

Disclosure by The Blackstone Group L.P.

Hilton Worldwide, Inc. (“Hilton”), which may be considered our affiliate, provided the disclosure reproduced below. We have not independently verified or participated in the preparation of this disclosure.

“During the reporting period, the Iranian Ministry of Youth and Sports purchased a number of room nights at the Hilton Ankara, Turkey, which is leased by a foreign affiliate of Hilton. Revenue received by Hilton for these hotel stays was approximately $4,360 and net profit was approximately $1,700. During calendar year 2012, the Embassy of Iran purchased a number of room nights at the hotel and organized a concert event in the hotel ballroom. Revenue received by Hilton for the services provided to the Embassy of Iran in 2012 was approximately $11,070 and net profit was approximately $4,300. Hilton believes that the hotel stays were exempt from the Iranian Transactions and Sanctions Regulations, 31 C.F.R. Part 560, pursuant to the International Emergency Economic Powers Act (“IEEPA”). The Hilton Ankara intends to continue engaging in future similar transactions to the extent they remain permissible under IEEPA.

Also during the reporting period, certain individual employees at two Hilton-branded hotels in the United Arab Emirates received routine wage payments as direct deposits to their personal accounts at Bank Melli, an entity identified on the Specially Designated Nationals and Blocked Persons List (“SDN List”) maintained by the Office of Foreign Assets Control in the U.S. Department of the Treasury. In addition, certain individual employees at these hotels received routine wage payments as direct deposits to their personal accounts at Bank Melli during calendar year 2012. Both of these hotels are owned by a third party, staffed by employees of the third-party owner and operated pursuant to a management agreement between the owner and a Hilton affiliate. In each case, these payments originated from the third-party owner’s account to the personal accounts of the employees at their chosen bank. No revenues or net profits are associated with these transactions. Both hotels have advised Hilton that they will discontinue making direct deposits to accounts at Bank Melli.

During the reporting period, several individuals stayed at the DoubleTree Kuala Lumpur, Malaysia, pursuant to a rate agreement between the hotel and Mahan Air, an entity identified on the SDN List. This hotel is staffed by employees of the third-party owner and operated pursuant to a management agreement between the owner and a Hilton affiliate. Under the agreement, which was entered into in the name of the owner, the hotel reserved a number of rooms for Mahan Air crew members at the DoubleTree Kuala Lumpur several times each week. Revenue received by Hilton attributable to Mahan Air crew hotel stays during the reporting period was approximately $1,550. The DoubleTree Kuala Lumpur also reserved a number of rooms for Mahan Air crew members during calendar year 2012. Revenue received by Hilton attributable to Mahan Air crew hotel stays in 2012 was approximately $3,820. Hilton considers its net profit on management fees to be approximately the same as its revenue. The DoubleTree Kuala Lumpur has terminated the agreement and does not intend to engage in any future transactions with Mahan Air.”

Travelport Limited, which may be considered our affiliate, provided the disclosure reproduced below in connection with activities during the first fiscal quarter of 2013. We have not independently verified or participated in the preparation of this disclosure.

“As part of our global business in the travel industry, we provide certain passenger travel-related GDS and airline IT services to Iran Air. We also provide certain airline IT services to Iran Air Tours. All of these services are either exempt from applicable sanctions prohibitions pursuant to a statutory exemption permitting transactions ordinarily incident to travel or, to the extent not otherwise exempt, specifically licensed by the U.S. Office of Foreign Assets Control. Subject to any changes in the exempt/licensed status of such activities, we intend to continue these business activities, which are directly related to and promote the arrangement of travel for individuals.”

Travelport has not provided us with gross revenue and net profits attributable to the activities described above.

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Debt (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Total debt	$ 6,562	$ 6,662
Short-term borrowings and current portion of long-term debt	(441)	(63)
Long-term debt	6,121	6,599
Senior Secured Credit Facility
Debt Instrument [Line Items]
Debt agreement, outstanding amount	3,502	3,554
Senior Secured Credit Facility | Tranche A
Debt Instrument [Line Items]
Debt agreement, outstanding amount	157	207
Senior Secured Credit Facility | Tranche B
Debt Instrument [Line Items]
Debt agreement, outstanding amount		1,719
Senior Secured Credit Facility | Tranche C
Debt Instrument [Line Items]
Debt agreement, outstanding amount	427	908
Senior Secured Credit Facility | Tranche D
Debt Instrument [Line Items]
Debt agreement, outstanding amount	718	720
Senior Secured Credit Facility | Tranche E
Debt Instrument [Line Items]
Debt agreement, outstanding amount	2,200
Senior Secured Notes 4.875% due 2014
Debt Instrument [Line Items]
Senior Notes or Senior Subordinated Notes	247	246
Senior Notes 7.375% due 2018
Debt Instrument [Line Items]
Senior Notes or Senior Subordinated Notes	900	900
Senior Notes 7.625% due 2020
Debt Instrument [Line Items]
Senior Notes or Senior Subordinated Notes	700	700
Senior Subordinated Notes 6.625% due 2019
Debt Instrument [Line Items]
Senior Notes or Senior Subordinated Notes	1,000	1,000
Accounts Receivable Facilities
Debt Instrument [Line Items]
Debt agreement, outstanding amount	200	250
Debt and Capital Lease Obligations, Other
Debt Instrument [Line Items]
Other, primarily foreign bank debt and capital lease obligations	$ 13	$ 12

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Supplemental Condensed Consolidating Schedule of Operations (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Financial Statements, Captions [Line Items]
Income (loss) from continuing operations	$ (47)	$ (76)
Income (loss) from discontinued operations, net of tax		311
Parent
Condensed Financial Statements, Captions [Line Items]
Equity in earnings of unconsolidated subsidiaries	41	160	[1]
Income (loss) from continuing operations	(47)	16
Income (loss) from discontinued operations, net of tax		219
Parent | Scenario, Previously Reported
Condensed Financial Statements, Captions [Line Items]
Equity in earnings of unconsolidated subsidiaries		71
Income (loss) from continuing operations		(77)
Income (loss) from discontinued operations, net of tax		312
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Equity in earnings of unconsolidated subsidiaries	8	27	[1]
Income (loss) from continuing operations	41	71
Income (loss) from discontinued operations, net of tax		89
Guarantor Subsidiaries | Scenario, Previously Reported
Condensed Financial Statements, Captions [Line Items]
Equity in earnings of unconsolidated subsidiaries		24
Income (loss) from continuing operations		67
Income (loss) from discontinued operations, net of tax		$ 93

[1] The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the three months ended March 31, 2012 has been revised to present all equity in earnings of unconsolidated subsidiaries in a single caption within Other income (expense). The portion of equity in earnings of unconsolidated subsidiaries which related to the investees' income (loss) from discontinued operations had previously been presented separately in the Income (loss) from discontinued operations, net of tax caption for the Parent Company and Guarantor Subsidiaries. This revision has also been reflected in the Net income (loss) and Income (loss) from discontinued operations captions in the Supplemental Condensed Consolidating Schedule of Cash Flows for Parent Company and Guarantor Subsidiaries for the same periods.

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Liability for Workforce Reductions and Facility Closures (Detail) (USD $)	3 Months Ended
	Mar. 31, 2013
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 54
Expense	5
Paid	(12)
Other Adjustments	(3)	[1]
Ending Balance	44
Workforce-related
Restructuring Cost and Reserve [Line Items]
Beginning Balance	32
Expense	4
Paid	(10)
Other Adjustments	(3)	[1]
Ending Balance	23
Facilities
Restructuring Cost and Reserve [Line Items]
Beginning Balance	22
Expense	1
Paid	(2)
Ending Balance	$ 21

[1] The other adjustments column in the table principally relates to changes in estimates from when the initial charge was recorded and also foreign currency translation and other adjustments.

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Supplemental Condensed Consolidating Schedule of Cash Flows (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flow from operations:
Net income (loss)	$ (47)	$ 235
Income (loss) from discontinued operations		311
Income (loss) from continuing operations	(47)	(76)
Cash flow from (used in) continuing operations	178	70
Cash flow from (used in) discontinued operations		5
Cash flow from (used in) operations	178	75
Investment activities:
Cash paid for acquired businesses, net of cash acquired	(1)	(6)
Cash paid for property and equipment and software	(46)	(60)
Other investing activities	1	3
Cash provided by (used in) continuing operations	(46)	(63)
Cash provided by (used in) discontinued operations		1,740
Cash provided by (used in) investment activities	(46)	1,677
Financing activities:
Other financing activities	(2)	(7)
Cash provided by (used in) continuing operations	(133)	(1,254)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(133)	(1,254)
Effect of exchange rate changes on cash	(8)	7
Beginning cash and cash equivalents	546	873
Ending cash and cash equivalents	537	1,378
Parent
Cash flow from operations:
Net income (loss)	(47)	235
Income (loss) from discontinued operations		219
Income (loss) from continuing operations	(47)	16
Non cash adjustments	(9)	(75)
Changes in operating assets and liabilities	(14)	8
Cash flow from (used in) continuing operations	(70)	(51)
Cash flow from (used in) discontinued operations		(2)
Cash flow from (used in) operations	(70)	(53)
Investment activities:
Intercompany transactions	108	1,828	[1]
Cash paid for acquired businesses, net of cash acquired	(1)
Other investing activities		1
Cash provided by (used in) continuing operations	107	1,829
Cash provided by (used in) investment activities	107	1,829
Financing activities:
Net repayments of long-term debt	(78)	(1,241)
Premium paid to retire debt
Dividends paid	(1)
Other financing activities	(5)
Other financing activities		(10)
Cash provided by (used in) continuing operations	(84)	(1,251)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(84)	(1,251)
Increase (decrease) in cash and cash equivalents	(47)	525
Beginning cash and cash equivalents	220	529
Ending cash and cash equivalents	173	1,054
Guarantor Subsidiaries
Cash flow from operations:
Net income (loss)	41	160
Income (loss) from discontinued operations		89
Income (loss) from continuing operations	41	71
Non cash adjustments	89	94
Changes in operating assets and liabilities	34	(68)
Cash flow from (used in) continuing operations	164	97
Cash flow from (used in) operations	164	97
Investment activities:
Intercompany transactions	(121)	(24)	[1]
Cash paid for property and equipment and software	(32)	(41)
Other investing activities	1
Cash provided by (used in) continuing operations	(152)	(65)
Cash provided by (used in) discontinued operations		1,740
Cash provided by (used in) investment activities	(152)	1,675
Financing activities:
Intercompany dividends of HE sale proceeds		(1,771)
Intercompany dividends	(11)
Net repayments of long-term debt		(1)
Premium paid to retire debt
Cash provided by (used in) continuing operations	(11)	(1,772)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(11)	(1,772)
Increase (decrease) in cash and cash equivalents	1
Beginning cash and cash equivalents	(3)	(15)
Ending cash and cash equivalents	(2)	(15)
Non-Guarantor Subsidiaries
Cash flow from operations:
Net income (loss)	8	27
Income (loss) from discontinued operations		3
Income (loss) from continuing operations	8	24
Non cash adjustments	32	36
Changes in operating assets and liabilities	45	(36)
Cash flow from (used in) continuing operations	85	24
Cash flow from (used in) discontinued operations		7
Cash flow from (used in) operations	85	31
Investment activities:
Intercompany transactions	35	(33)	[1]
Cash paid for acquired businesses, net of cash acquired		(6)
Cash paid for property and equipment and software	(14)	(19)
Other investing activities		2
Cash provided by (used in) continuing operations	21	(56)
Cash provided by (used in) investment activities	21	(56)
Financing activities:
Intercompany dividends	(11)
Net repayments of long-term debt	(50)	(2)
Premium paid to retire debt
Cash provided by (used in) continuing operations	(61)	(2)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(61)	(2)
Effect of exchange rate changes on cash	(8)	7
Increase (decrease) in cash and cash equivalents	37	(20)
Beginning cash and cash equivalents	329	359
Ending cash and cash equivalents	366	339
Eliminations
Cash flow from operations:
Net income (loss)	(49)	(187)
Income (loss) from continuing operations	(49)	(187)
Non cash adjustments	49	187
Investment activities:
Intercompany transactions	(22)	(1,771)	[1]
Cash provided by (used in) continuing operations	(22)	(1,771)
Cash provided by (used in) investment activities	(22)	(1,771)
Financing activities:
Intercompany dividends of HE sale proceeds		1,771
Intercompany dividends	22
Premium paid to retire debt
Cash provided by (used in) continuing operations	22	1,771
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	22	1,771
SunGard Data Systems Inc.
Cash flow from operations:
Net income (loss)	(47)	235
Income (loss) from discontinued operations		311
Income (loss) from continuing operations	(47)	(76)
Non cash adjustments	161	242
Changes in operating assets and liabilities	65	(96)
Cash flow from (used in) continuing operations	179	70
Cash flow from (used in) discontinued operations		5
Cash flow from (used in) operations	179	75
Investment activities:
Cash paid for acquired businesses, net of cash acquired	(1)	(6)
Cash paid for property and equipment and software	(46)	(60)
Other investing activities	1	3
Cash provided by (used in) continuing operations	(46)	(63)
Cash provided by (used in) discontinued operations		1,740
Cash provided by (used in) investment activities	(46)	1,677
Financing activities:
Net repayments of long-term debt	(128)	(1,244)
Premium paid to retire debt
Dividends paid	(1)
Other financing activities	(5)
Other financing activities	(6)	(10)
Cash provided by (used in) continuing operations	(134)	(1,254)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(134)	(1,254)
Effect of exchange rate changes on cash	(8)	7
Increase (decrease) in cash and cash equivalents	(9)	505
Beginning cash and cash equivalents	546	873
Ending cash and cash equivalents	$ 537	$ 1,378

[1] The intercompany cash transactions reflected above within investment activities largely reflect cash dividends or the return of capital, including the cash dividend of $1.8 billion from Guarantor Subsidiaries to Parent in connection with the sale of our Higher Education business.

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Reconciliation of Segment Internal Adjusted EBITDA to Income Loss from Continuing Operations Before Income Taxes (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013		Mar. 31, 2012
Segment Reporting Information [Line Items]
Internal Adjusted EBITDA (sum of segments)	$ 249		$ 255
Corporate	(13)		(14)
Depreciation	(73)	[1]	(71)	[1]
Amortization of acquisition-related intangible assets	(87)		(101)
Severance and facility closure costs	(3)		(2)
Stock compensation expense	(11)		(11)
Management fees	(2)		(2)
Other costs (included in operating income)	(4)		(2)
Interest expense, net	(108)		(122)
Loss on extinguishment of debt	(5)		(15)
Other income (expense)	1		2
Income (loss) from continuing operations before income tax	$ (56)		$ (83)

[1] Includes amortization of capitalized software.

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Results for Discontinued Operations (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Operating income (loss)	$ 56	$ 52
Gain on sale of business		563
Income (loss) from discontinued operations		311
Segment, Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue		37
Operating income (loss)		(3)
Gain on sale of business		563
Income (loss) before income taxes		560
Benefit from (provision for) income taxes		(249)
Income (loss) from discontinued operations		$ 311

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes assets and liabilities measured at fair value on a recurring basis at March 31, 2013 (in millions):

	Fair Value Measures Using
	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents—money market funds	$	200	$	—	$	—	$	200
Currency forward contracts		—		8		—		8
Total		200		8		—		208
Liabilities
Interest rate swap agreements	$	—	$	1	$	—	$	1

The following table summarizes assets and liabilities measured at fair value on a recurring basis at December 31, 2012 (in millions):

	Fair Value Measures Using
	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents—money market funds	$	227	$	—	$	—	$	227
Currency forward contracts		—		4		—		4
Total	$	227	$	4	$	—	$	231
Liabilities
Interest rate swap agreements and other	$	—	$	4	$	—	$	4

Carrying Amount and Estimated Fair Value of Debt, Including Current Portion and Excluding Interest Rate Swaps

The following table presents the carrying amount and estimated fair value of the Company’s debt, including the current portion and excluding the interest rate swaps, as of December 31, 2012 and March 31, 2013 (in millions):

	December 31, 2012				March 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
Floating rate debt	$	3,803	$	3,826	$	3,702	$	3,740
Fixed rate debt		2,859		3,023		2,860		3,018

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Supplemental Guarantor Condensed Consolidating Financial Statements - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Percentage of each of the Guarantors owned by SunGard	100.00%

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Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (Fair Value, Measurements, Recurring, USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents-money market funds	$ 200	$ 227
Currency forward contracts	8	4
Total	208	231
Liabilities
Interest rate swap agreements	1	4
Fair Value Measures Using Level 1
Assets
Cash and cash equivalents-money market funds	200	227
Total	200	227
Fair Value Measures Using Level 2
Assets
Currency forward contracts	8	4
Total	8	4
Liabilities
Interest rate swap agreements	$ 1	$ 4

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Component of Accumulated Other Comprehensive Loss Net of Tax (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Accumulated Other Comprehensive Income [Line Items]
Balance at December 31, 2012	$ (3)
Other comprehensive income before reclassifications	(45)
Amounts reclassified from accumulated other comprehensive income net of tax	1
Net current-period other comprehensive income	(44)	36
Balance at March 31, 2013	(47)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated Other Comprehensive Income [Line Items]
Balance at December 31, 2012	1
Other comprehensive income before reclassifications	1
Amounts reclassified from accumulated other comprehensive income net of tax	1
Net current-period other comprehensive income	2
Balance at March 31, 2013	3
Foreign Currency Gain (Loss) [Member]
Accumulated Other Comprehensive Income [Line Items]
Balance at December 31, 2012	(4)
Other comprehensive income before reclassifications	(46)
Amounts reclassified from accumulated other comprehensive income net of tax
Net current-period other comprehensive income	(46)
Balance at March 31, 2013	$ (50)

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Supplemental Condensed Consolidating Balance Sheet (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Condensed Financial Statements, Captions [Line Items]
Proceed from sale of accounts receivable due to the receivables facility lender in the event of liquidation	$ 200	$ 250

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Depreciation and Amortization and Capital Expenditures by Segment (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013		Mar. 31, 2012
Segment Reporting Information [Line Items]
Capital expenditures	$ 46		$ 60
Depreciation	73	[1]	71	[1]
Amortization of acquisition-related intangible assets	87		101
Financial Systems
Segment Reporting Information [Line Items]
Capital expenditures	21		20
Depreciation	22	[1]	21	[1]
Amortization of acquisition-related intangible assets	44		53
Availability Services
Segment Reporting Information [Line Items]
Capital expenditures	23		38
Depreciation	49	[1]	48	[1]
Amortization of acquisition-related intangible assets	39		43
Public Sector and Education
Segment Reporting Information [Line Items]
Capital expenditures	2		2
Depreciation	2	[1]	2	[1]
Amortization of acquisition-related intangible assets	4		5
Segment Total
Segment Reporting Information [Line Items]
Capital expenditures	46		60
Depreciation	73	[1]	71	[1]
Amortization of acquisition-related intangible assets	$ 87		$ 101

[1] Includes amortization of capitalized software.

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Expense Classification

3 Months Ended

Mar. 31, 2013

Expense Classification

2. Expense Classification:

During a review of spending by functional area, the Company identified a misclassification of certain expenses in 2010, 2011 and 2012. The misclassification stems from the treatment of certain offshore resources by functional area. It resulted in an understatement of product development and maintenance expense with an offsetting overstatement within cost of sales and direct operating expense and sales, marketing and administration expense. There was no impact on total reported expenses for any period and therefore no impact on operating or net income.

Accordingly, for the three months ended March 31, 2012, product development and maintenance expense has been revised from $86 million to $94 million, cost of sales and direct operating has been revised from $458 million to $453 million, and sales, marketing and administration has been revised from $256 million to $253 million. For 2010, product development and maintenance expense has been revised from $350 million to $391 million, cost of sales and direct operating has been revised from $1,895 million to $1,877 million, and sales, marketing and administration has been revised from $1,057 million to $1,034 million. For 2011, product development and maintenance expense has been revised from $393 million to $426 million, cost of sales and direct operating has been revised from $1,848 million to $1,822 million, and sales, marketing and administration has been revised from $1,108 million to $1,101 million. For 2012, product development and maintenance expense has been revised from $353 million to $393 million, cost of sales and direct operating has been revised from $1,740 million to $1,735 million, and sales, marketing and administration has been revised from $1,039 million to $1,004 million. In future filings, any comparative period presentation will be revised when those periods are presented. The misclassifications were not material to the consolidated financial statements.

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Carrying Amount and Estimated Fair Value of Debt Including Current Portion and Excluding Interest Rate Swaps (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Floating Rate Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value	$ 3,702	$ 3,803
Fair Value	3,740	3,826
Fixed Rate Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value	2,860	2,859
Fair Value	$ 3,018	$ 3,023

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Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2013

Supplemental Condensed Consolidating Balance Sheet

(in millions)	Supplemental Condensed Consolidating Balance Sheet December 31, 2012
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current:
Cash and cash equivalents	$	220	$	(3	)	$	329	$	—		$	546
Intercompany balances		—		2,457			742		(3,199	)		—
Trade receivables, net		3		566	(a)		331		—			900
Prepaid expenses, taxes and other current assets		1,312		70			89		(1,241	)		230
Total current assets		1,535		3,090			1,491		(4,440	)		1,676
Property and equipment, net		—		574			300		—			874
Intangible assets, net		112		2,413			404		—			2,929
Deferred income taxes		39		—			—		(39	)		—
Intercompany balances		254		7			76		(337	)		—
Goodwill		—		3,470			1,069		—			4,539
Investment in subsidiaries		8,620		2,101			—		(10,721	)		—
Total Assets	$	10,560	$	11,655		$	3,340	$	(15,537	)	$	10,018
Liabilities and Stockholder’s Equity
Current:
Short-term and current portion of long-term debt	$	57	$	—		$	6	$	—		$	63
Intercompany balances		3,199		—			—		(3,199	)		—
Accounts payable and other current liabilities		70		1,983			632		(1,241	)		1,444
Total current liabilities		3,326		1,983			638		(4,440	)		1,507
Long-term debt		6,343		2			254		—			6,599
Intercompany debt		83		—			254		(337	)		—
Deferred and other income taxes		92		1,000			67		(39	)		1,120
Other long-term liabilities		—		50			26		—			76
Total liabilities		9,844		3,035			1,239		(4,816	)		9,302
Total stockholder’s equity		716		8,620			2,101		(10,721	)		716
Total Liabilities and Stockholder’s Equity	$	10,560	$	11,655		$	3,340	$	(15,537	)	$	10,018

(a) This balance is primarily comprised of a receivable from the Company’s AR Financing LLC subsidiary, which is a non-Guarantor, resulting from the normal, recurring sale of accounts receivable under the receivables facility. In a liquidation, the first $250 million (plus interest) of collections of accounts receivable sold to this subsidiary are due to the receivables facility lender. The remaining balance would be available for collection for the benefit of the Guarantors.

(in millions)	Supplemental Condensed Consolidating Balance Sheet March 31, 2013
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current:
Cash and cash equivalents	$	173	$	(2	)	$	366	$	—		$	537
Intercompany balances		—		2,588			704		(3,292	)		—
Trade receivables, net		7		515	(b)		243		—			765
Prepaid expenses, taxes and other current assets		1,361		81			112		(1,301	)		253
Total current assets		1,541		3,182			1,425		(4,593	)		1,555
Property and equipment, net		—		555			280		—			835
Intangible assets, net		116		2,347			380		—			2,843
Deferred income taxes		37		—			—		(37	)		—
Intercompany balances		248		6			77		(331	)		—
Goodwill		—		3,468			1,037		—			4,505
Investment in subsidiaries		8,607		2,056			—		(10,663	)		—
Total Assets	$	10,549	$	11,614		$	3,199	$	(15,624	)	$	9,738
Liabilities and Stockholder’s Equity
Current:
Short-term and current portion of long-term debt	$	434	$	—		$	7	$	—		$	441
Intercompany balances		3,292		—			—		(3,292	)		—
Accounts payable and other current liabilities		103		1,984			595		(1,301	)		1,381
Total current liabilities		3,829		1,984			602		(4,593	)		1,822
Long-term debt		5,915		2			204		—			6,121
Intercompany debt		83		—			248		(331	)		—
Deferred and other income taxes		91		978			55		(37	)		1,087
Other liabilities		—		43			34		—			77
Total liabilities		9,918		3,007			1,143		(4,961	)		9,107
Total stockholder’s equity		631		8,607			2,056		(10,663	)		631
Total Liabilities and Stockholder’s Equity	$	10,549	$	11,614		$	3,199	$	(15,624	)	$	9,738

(b) This balance is primarily comprised of a receivable from the Company’s AR Financing LLC subsidiary, which is a non-Guarantor, resulting from the normal, recurring sale of accounts receivable under the receivables facility. In a liquidation, the first $200 million (plus interest) of collections of accounts receivable sold to this subsidiary are due to the receivables facility lender. The remaining balance would be available for collection for the benefit of the Guarantors.

Supplemental Condensed Consolidating Schedule of Comprehensive Income

(in millions)	Supplemental Condensed Consolidating Schedule of Comprehensive  Income Three Months Ended March 31, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	713		$	398		$	(87	)	$	1,024
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		25			534			328			(87	)		800
Depreciation and amortization		—			48			23			—			71
Amortization of acquisition-related intangible assets		—			84			17			—			101
Total costs and expenses		25			666			368			(87	)		972
Operating income (loss)		(25	)		47			30			—			52
Net interest income (expense)		(114	)		—			(8	)		—			(122	)
Equity in earnings of unconsolidated subsidiaries (c)		160			27			—			(187	)		—
Other income (expense)		(15	)		—			2						(13	)
Income (loss) from continuing operations before income taxes		6			74			24			(187	)		(83	)
Benefit from (provision for) income taxes		10			(3	)		—			—			7
Income (loss) from continuing operations		16			71			24			(187	)		(76	)
Income (loss) from discontinued operations, net of tax		219			89			3			—			311
Net income (loss)		235			160			27			(187	)		235
Comprehensive income (loss)	$	271		$	185		$	49		$	(234	)	$	271

(c) The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the three months ended March 31, 2012 has been revised to present all equity in earnings of unconsolidated subsidiaries in a single caption within Other income (expense). The portion of equity in earnings of unconsolidated subsidiaries which related to the investees’ income (loss) from discontinued operations had previously been presented separately in the Income (loss) from discontinued operations, net of tax caption for the Parent Company and Guarantor Subsidiaries. This revision has also been reflected in the Net income (loss) and Income (loss) from discontinued operations captions in the Supplemental Condensed Consolidating Schedule of Cash Flows for Parent Company and Guarantor Subsidiaries for the same periods.

While these revisions have no impact on the previously reported Net Income or total cash flows from operations of the Parent Company or Guarantor Subsidiaries, they resulted in the following changes to previously reported amounts. For the Parent Company in 2012, Equity in earnings of unconsolidated subsidiaries changed from $71 million to $160 million; Income (loss) from continuing operations changed from $(77) million to $16 million; and Income (loss) from discontinued operations, net of tax changed from $312 million to $219 million. For the Guarantor Subsidiaries in 2012, Equity in earnings of unconsolidated subsidiaries changed from $24 million to $27 million; Income (loss) from continuing operations changed from $67 million to $71 million; and Income (loss) from discontinued operations, net of tax changed from $93 million to $89 million. These revisions had no impact on the consolidated results of the Company and were not material to the Supplemental Condensed Consolidating Schedule of Comprehensive Income or the Supplemental Condensed Consolidating Schedule of Cash Flows for any period.

(in millions)	Supplemental Condensed Consolidating Schedule of Comprehensive  Income Three Months Ended March 31, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	692		$	381		$	(78	)	$	995
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		23			509			325			(78	)		779
Depreciation and amortization		—			49			24			—			73
Amortization of acquisition-related intangible assets		—			71			16			—			87
Total costs and expenses		23			629			365			(78	)		939
Operating income (loss)		(23	)		63			16			—			56
Net interest income (expense)		(101	)		—			(7	)		—			(108	)
Equity in earnings of unconsolidated subsidiaries		41			8			—			(49	)		—
Other income (expense)		(5	)		—			1			—			(4	)
Income (loss) from continuing operations before income taxes		(88	)		71			10			(49	)		(56	)
Benefit from (provision for) income taxes		41			(30	)		(2	)		—			9
Income (loss) from continuing operations		(47	)		41			8			(49	)		(47	)
Income (loss) from discontinued operations, net of tax		—			—			—			—			—
Net income (loss)		(47	)		41			8			(49	)		(47	)
Comprehensive income (loss)	$	(91	)	$	1		$	(26	)	$	25		$	(91	)

Supplemental Condensed Consolidating Schedule of Cash Flows

(in millions)	Supplemental Condensed Consolidating Schedule of Cash Flows Three Months Ended March 31, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	235		$	160		$	27		$	(187	)	$	235
Income (loss) from discontinued operations		219			89			3			—			311
Income (loss) from continuing operations		16			71			24			(187	)		(76	)
Non cash adjustments		(75	)		94			36			187			242
Changes in operating assets and liabilities		8			(68	)		(36	)		—			(96	)
Cash flow from (used in) continuing operations		(51	)		97			24			—			70
Cash flow from (used in) discontinued operations		(2	)		—			7			—			5
Cash flow from (used in) operations		(53	)		97			31			—			75
Investment activities:
Intercompany transactions (d)		1,828			(24	)		(33	)		(1,771	)		—
Cash paid for acquired businesses, net of cash acquired		—			—			(6	)		—			(6	)
Cash paid for property and equipment and software		—			(41	)		(19	)		—			(60	)
Other investing activities		1			—			2			—			3
Cash provided by (used in) continuing operations		1,829			(65	)		(56	)		(1,771	)		(63	)
Cash provided by (used in) discontinued operations		—			1,740			—			—			1,740
Cash provided by (used in) investment activities		1,829			1,675			(56	)		(1,771	)		1,677
Financing activities:
Intercompany dividends of HE sale proceeds		—			(1,771	)		—			1,771			—
Net repayments of long-term debt		(1,241	)		(1	)		(2	)		—			(1,244	)
Premium paid to retire debt		—			—			—			—			—
Dividends paid		—			—			—			—			—
Other financing activities		(10	)		—			—			—			(10	)
Cash provided by (used in) continuing operations		(1,251	)		(1,772	)		(2	)		1,771			(1,254	)
Cash provided by (used in) discontinued operations		—			—			—			—
Cash provided by (used in) financing activities		(1,251	)		(1,772	)		(2	)		1,771			(1,254	)
Effect of exchange rate changes on cash		—			—			7			—			7
Increase (decrease) in cash and cash equivalents		525			—			(20	)		—			505
Beginning cash and cash equivalents		529			(15	)		359			—			873
Ending cash and cash equivalents	$	1,054		$	(15	)	$	339		$	—		$	1,378

(d) The intercompany cash transactions reflected above within investment activities largely reflect cash dividends or the return of capital, including the cash dividend of $1.8 billion from Guarantor Subsidiaries to Parent in connection with the sale of our Higher Education business.

(in millions)	Supplemental Condensed Consolidating Schedule of Cash Flows Three Months Ended March 31, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	(47	)	$	41		$	8		$	(49	)	$	(47	)
Income (loss) from discontinued operations		—			—			—			—			—
Income (loss) from continuing operations		(47	)		41			8			(49	)		(47	)
Non cash adjustments		(9	)		89			32			49			161
Changes in operating assets and liabilities		(14	)		34			45			—			65
Cash flow from (used in) continuing operations		(70	)		164			85			—			179
Cash flow from (used in) discontinued operations		—			—			—			—			—
Cash flow from (used in) operations		(70	)		164			85			—			179
Investment activities:
Intercompany transactions		108			(121	)		35			(22	)		—
Cash paid for acquired businesses, net of cash acquired		(1	)		—			—			—			(1	)
Cash paid for property and equipment and software		—			(32	)		(14	)		—			(46	)
Other investing activities		—			1			—			—			1
Cash provided by (used in) continuing operations		107			(152	)		21			(22	)		(46	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) investment activities		107			(152	)		21			(22	)		(46	)
Financing activities:
Intercompany dividends of HE sale proceeds		—			—			—			—			—
Intercompany dividends		—			(11	)		(11	)		22			—
Net repayments of long-term debt		(78	)		—			(50	)		—			(128	)
Premium paid to retire debt		—			—			—			—			—
Dividends paid		(1	)		—			—			—			(1	)
Other financing activities		(5	)		—			—			—			(5	)
Cash provided by (used in) continuing operations		(84	)		(11	)		(61	)		22			(134	)
Cash provided by (used in) discontinued operations		—			—			—			—
Cash provided by (used in) financing activities		(84	)		(11	)		(61	)		22			(134	)
Effect of exchange rate changes on cash		—			—			(8	)		—			(8	)
Increase (decrease) in cash and cash equivalents		(47	)		1			37			—			(9	)
Beginning cash and cash equivalents		220			(3	)		329			—			546
Ending cash and cash equivalents	$	173		$	(2	)	$	366		$	—		$	537

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Employee Termination Benefits and Facility Closures (Tables)

3 Months Ended

Mar. 31, 2013

Liability for Workforce Reductions and Facility Closures

The following table provides a rollforward of the liability balances for workforce reductions and facility closures, which occurred through March 31, 2013 (in millions):

	Balance 12/31/2012		Expense		Paid			Other Adjustments*			Balance 3/31/2013
Workforce-related	$	32	$	4	$	(10	)	$	(3	)	$	23
Facilities		22		1		(2	)		—			21
Total	$	54	$	5	$	(12	)	$	(3	)	$	44

* The other adjustments column in the table principally relates to changes in estimates from when the initial charge was recorded and also foreign currency translation and other adjustments.

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Supplemental Condensed Consolidating Schedule of Cash Flows (Parenthetical) (Detail) (USD $) In Billions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012
Condensed Financial Statements, Captions [Line Items]
Cash dividend received from guarantor subsidiaries	$ 1.8

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Rollforward of SCC's Equity (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended									3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 SunGard Capital Corp. stockholders	Mar. 31, 2012 SunGard Capital Corp. stockholders	Mar. 31, 2013 SunGard Capital Corp. stockholders Class L - temporary equity	Mar. 31, 2012 SunGard Capital Corp. stockholders Class L - temporary equity	Mar. 31, 2012 SunGard Capital Corp. stockholders Class A - temporary equity	Mar. 31, 2013 SunGard Capital Corp. stockholders Class A - temporary equity	Dec. 31, 2012 SunGard Capital Corp. stockholders Class A - temporary equity	Mar. 31, 2013 SunGard Capital Corp. stockholders Permanent equity	Mar. 31, 2012 SunGard Capital Corp. stockholders Permanent equity	Mar. 31, 2013 Noncontrolling Interest	Mar. 31, 2012 Noncontrolling Interest	Mar. 31, 2013 Noncontrolling Interest Permanent equity	Mar. 31, 2012 Noncontrolling Interest Permanent equity	Mar. 31, 2013 Noncontrolling Interest Temporary equity	Mar. 31, 2012 Noncontrolling Interest Temporary equity
Stockholders Equity [Line Items]
Beginning Balance	$ (961)		$ (911)	$ (610)	$ 45	$ 47	$ 6	$ 5	$ 5	$ (961)	$ (663)	$ 1,601	$ 2,066	$ 1,575	$ 2,038	$ 26	$ 28
Net income (loss)	(72)	173	(72)	173						(72)	173
Net income (loss)	(25)	(62)										25	62	25	62
Foreign currency translation			(46)	33						(46)	33
Foreign currency translation
Net unrealized gain on derivative instruments			2	3						2	3
Net unrealized gain on derivative instruments
Comprehensive income (loss)	(116)	209	(116)	209						(116)	209
Comprehensive income (loss)	(25)	(62)										25	62	25	62
Stock compensation expense	(11)	(11)	11	11						11	11
Termination of put options due to employee terminations and other				1	(3)	(7)	(1)			3	9	1	(1)	2	2	(1)	(3)
Purchase of treasury stock			(1)	(1)						(1)	(1)	(2)	(1)	(2)	(1)
Transfer intrinsic value of vested restricted stock units			(5)	(2)	7	3				(12)	(5)	5	1			5	1
Other			(2)	(8)						(2)	(8)		1		1
Ending Balance	$ (1,078)		$ (1,024)	$ (400)	$ 49	$ 43	$ 5	$ 5	$ 5	$ (1,078)	$ (448)	$ 1,630	$ 2,128	$ 1,600	$ 2,102	$ 30	$ 26

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Basis of Presentation - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2013 Segment
Basis of Presentation [Line Items]
Number of reportable segments	3

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Expense Classification - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Development and Maintenance Expense	$ 100	$ 94	$ 393	$ 426	$ 391
Cost of sale and direct operating	437	453	1,735	1,822	1,877
Sales,Marketing and Administration Expense	242	253	1,004	1,101	1,034
Scenario, Previously Reported
Development and Maintenance Expense		86	353	393	350
Cost of sale and direct operating		458	1,740	1,848	1,895
Sales,Marketing and Administration Expense		$ 256	$ 1,039	$ 1,108	$ 1,057

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Basis of Presentation

3 Months Ended

Mar. 31, 2013

Basis of Presentation

1. Basis of Presentation:

SunGard Data Systems Inc. (“SunGard”) was acquired on August 11, 2005 (the “LBO”) in a leveraged buy-out by a consortium of private equity investment funds associated with Bain Capital Partners, The Blackstone Group, Goldman Sachs & Co., Kohlberg Kravis Roberts & Co., Providence Equity Partners, Silver Lake and TPG (collectively, the “Sponsors”).

SunGard is a wholly owned subsidiary of SunGard Holdco LLC, which is wholly owned by SunGard Holding Corp., which is wholly owned by SunGard Capital Corp. II (“SCCII”), which is a subsidiary of SunGard Capital Corp. (“SCC”). All four of these companies were formed for the purpose of facilitating the LBO and are collectively referred to as the “Holding Companies.” SCC, SCCII and SunGard are separate reporting companies and, together with their direct and indirect subsidiaries, are collectively referred to as the “Company.” The Holding Companies have no other operations beyond those of their ownership of SunGard.

SunGard is one of the world’s leading software and technology services companies and has three segments: Financial Systems (“FS”), Availability Services (“AS”) and Public Sector & Education (“PS&E”), which is comprised of the Company’s Public Sector business and K-12 Education business. The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany transactions and accounts have been eliminated.

The accompanying interim consolidated financial statements of the Company have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”), consistent in all material respects with those applied in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. Interim financial reporting does not include all of the information and footnotes required by GAAP for annual financial statements. The interim financial information is unaudited, but, in the opinion of management, includes all adjustments, consisting only of normal recurring adjustments necessary to provide a fair statement of results for the interim periods presented. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2013.

As discussed in Note 2 and Note 12, the presentation of certain prior year amounts has been revised to conform to the current year presentation.

Recent Accounting Pronouncements

On July 27, 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. The Update simplifies the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. Examples of intangible assets subject to the guidance include indefinite-lived trademarks, licenses, and distribution rights. The amendment allows an organization the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. An organization electing to perform a qualitative assessment is no longer required to calculate the fair value of an indefinite-lived intangible asset unless the organization determines, based on a qualitative assessment, that it is “more likely than not” that the asset is impaired. Under former guidance, an organization was required to test an indefinite-lived intangible asset for impairment on at least an annual basis by comparing the fair value of the asset with its carrying amount. If the carrying amount of an indefinite-lived intangible asset exceeded its fair value, an impairment loss was recognized in an amount equal to the difference. The amendments in this Update are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company has not yet adopted this Update and has used the former, more extensive testing during its 2012 impairment tests. The Company intends to evaluate the Update as it performs its 2013 impairment review in the third quarter.

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Discontinued Operations - Additional Information (Detail) In Millions, unless otherwise specified	1 Months Ended	3 Months Ended	1 Months Ended	3 Months Ended	1 Months Ended
	Jan. 31, 2012 USD ($)	Mar. 31, 2012 USD ($)	Jul. 31, 2012 SunGard Global Services France EUR (€)	Mar. 31, 2012 Segment, Discontinued Operations USD ($)	Jan. 31, 2012 Segment, Discontinued Operations Sun Gard's HE Business USD ($)
Business Acquisitions and Dispositions [Line Items]
Net cash proceeds from sale of business	$ 1,222
Proceeds from sale of business					1,775
Proceed from sale of subsidiary			14
Gain (loss) on disposal		$ 563		$ 563

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Debt (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Senior Secured Credit Facility | Tranche A
Debt Instrument [Line Items]
Debt agreement, effective interest rate	1.95%	1.96%
Senior Secured Credit Facility | Tranche B
Debt Instrument [Line Items]
Debt agreement, effective interest rate		4.35%
Senior Secured Credit Facility | Tranche C
Debt Instrument [Line Items]
Debt agreement, effective interest rate	4.41%	4.17%
Senior Secured Credit Facility | Tranche D
Debt Instrument [Line Items]
Debt agreement, effective interest rate	4.50%	4.50%
Senior Secured Credit Facility | Tranche E
Debt Instrument [Line Items]
Debt agreement, effective interest rate	4.00%
Senior Secured Notes 4.875% due 2014
Debt Instrument [Line Items]
Senior Notes or Senior Subordinated Notes, due date	2014	2014
Senior Notes, interest Rate	4.875%	4.875%
Discount on notes	3	4
Senior Notes 7.375% due 2018
Debt Instrument [Line Items]
Senior Notes or Senior Subordinated Notes, due date	2018	2018
Senior Notes, interest Rate	7.375%	7.375%
Senior Notes 7.625% due 2020
Debt Instrument [Line Items]
Senior Notes or Senior Subordinated Notes, due date	2020	2020
Senior Notes, interest Rate	7.625%	7.625%
Senior Subordinated Notes 6.625% due 2019
Debt Instrument [Line Items]
Senior Notes or Senior Subordinated Notes, due date	2019	2019
Senior Notes, interest Rate	6.625%	6.625%
Accounts Receivable Facilities
Debt Instrument [Line Items]
Debt agreement, effective interest rate	3.70%	3.71%

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Supplemental Condensed Consolidating Schedule of Operations (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013		Mar. 31, 2012
Condensed Financial Statements, Captions [Line Items]
Total revenue	$ 995		$ 1,024
Costs and expenses:
Depreciation and amortization	73	[1]	71	[1]
Amortization of acquisition-related intangible assets	87		101
Total costs and expenses	939		972
Operating income (loss)	56		52
Benefit from (provision for) income taxes	9		7
Income (loss) from continuing operations	(47)		(76)
Income (loss) from discontinued operations, net of tax			311
Net income (loss)	(47)		235
Comprehensive income (loss)	(116)		209
Parent
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)	23		25
Total costs and expenses	23		25
Operating income (loss)	(23)		(25)
Net interest income (expense)	(101)		(114)
Equity in earnings of unconsolidated subsidiaries	41		160	[2]
Other income (expense)	(5)		(15)
Income (loss) from continuing operations before income taxes	(88)		6
Benefit from (provision for) income taxes	41		10
Income (loss) from continuing operations	(47)		16
Income (loss) from discontinued operations, net of tax			219
Net income (loss)	(47)		235
Comprehensive income (loss)	(91)		271
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue	692		713
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)	509		534
Depreciation and amortization	49		48
Amortization of acquisition-related intangible assets	71		84
Total costs and expenses	629		666
Operating income (loss)	63		47
Equity in earnings of unconsolidated subsidiaries	8		27	[2]
Income (loss) from continuing operations before income taxes	71		74
Benefit from (provision for) income taxes	(30)		(3)
Income (loss) from continuing operations	41		71
Income (loss) from discontinued operations, net of tax			89
Net income (loss)	41		160
Comprehensive income (loss)	1		185
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue	381		398
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)	325		328
Depreciation and amortization	24		23
Amortization of acquisition-related intangible assets	16		17
Total costs and expenses	365		368
Operating income (loss)	16		30
Net interest income (expense)	(7)		(8)
Other income (expense)	1		2
Income (loss) from continuing operations before income taxes	10		24
Benefit from (provision for) income taxes	(2)
Income (loss) from continuing operations	8		24
Income (loss) from discontinued operations, net of tax			3
Net income (loss)	8		27
Comprehensive income (loss)	(26)		49
Eliminations
Condensed Financial Statements, Captions [Line Items]
Total revenue	(78)		(87)
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)	(78)		(87)
Total costs and expenses	(78)		(87)
Equity in earnings of unconsolidated subsidiaries	(49)		(187)	[2]
Income (loss) from continuing operations before income taxes	(49)		(187)
Income (loss) from continuing operations	(49)		(187)
Net income (loss)	(49)		(187)
Comprehensive income (loss)	25		(234)
SunGard Data Systems Inc.
Condensed Financial Statements, Captions [Line Items]
Total revenue	995		1,024
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)	779		800
Depreciation and amortization	73		71
Amortization of acquisition-related intangible assets	87		101
Total costs and expenses	939		972
Operating income (loss)	56		52
Net interest income (expense)	(108)		(122)
Other income (expense)	(4)		(13)
Income (loss) from continuing operations before income taxes	(56)		(83)
Benefit from (provision for) income taxes	9		7
Income (loss) from continuing operations	(47)		(76)
Income (loss) from discontinued operations, net of tax			311
Net income (loss)	(47)		235
Comprehensive income (loss)	$ (91)		$ 271

[1] Includes amortization of capitalized software.

[2] The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the three months ended March 31, 2012 has been revised to present all equity in earnings of unconsolidated subsidiaries in a single caption within Other income (expense). The portion of equity in earnings of unconsolidated subsidiaries which related to the investees' income (loss) from discontinued operations had previously been presented separately in the Income (loss) from discontinued operations, net of tax caption for the Parent Company and Guarantor Subsidiaries. This revision has also been reflected in the Net income (loss) and Income (loss) from discontinued operations captions in the Supplemental Condensed Consolidating Schedule of Cash Flows for Parent Company and Guarantor Subsidiaries for the same periods.

XML

Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Current:
Cash and cash equivalents	$ 537	$ 546
Trade receivables, less allowance for doubtful accounts of $30 and $29	648	781
Earned but unbilled receivables	117	119
Prepaid expenses and other current assets	257	230
Total current assets	1,559	1,676
Property and equipment, less accumulated depreciation of $1,509 and $1,569	835	874
Software products, less accumulated amortization of $1,649 and $1,688	381	411
Customer base, less accumulated amortization of $1,481 and $1,526	1,305	1,367
Other intangible assets, less accumulated amortization of $27 and $12	138	132
Trade name	1,019	1,019
Goodwill	4,505	4,539
Total Assets	9,742	10,018
Current:
Short-term and current portion of long-term debt	441	63
Accounts payable	25	32
Accrued compensation and benefits	224	297
Accrued interest expense	84	41
Other accrued expenses	207	238
Deferred revenue	842	836
Total current liabilities	1,823	1,507
Long-term debt	6,121	6,599
Deferred and other income taxes	1,096	1,127
Other long-term liabilities	96	95
Total liabilities	9,136	9,328
Commitments and contingencies
Noncontrolling interest in preferred stock of SCCII subject to a put option	30	26
Stockholder's equity:
Capital in excess of par value	2,484	2,483
Treasury stock Value	(52)	(50)
Accumulated deficit	(3,463)	(3,391)
Accumulated other comprehensive income (loss)	(47)	(3)
Total stockholder's equity	(1,078)	(961)
Noncontrolling interest in preferred stock of SCCII	1,600	1,575
Total equity	522	614
Total Liabilities and Equity	9,742	10,018
Class L common stock, convertible
Current:
Stock subject to a put option	49	45
Stockholder's equity:
Common stock, value
Class A common stock
Current:
Stock subject to a put option	5	5
Stockholder's equity:
Common stock, value
SunGard Capital Corp. II
Current:
Cash and cash equivalents	537	546
Trade receivables, less allowance for doubtful accounts of $30 and $29	648	781
Earned but unbilled receivables	117	119
Prepaid expenses and other current assets	256	230
Total current assets	1,558	1,676
Property and equipment, less accumulated depreciation of $1,509 and $1,569	835	874
Software products, less accumulated amortization of $1,649 and $1,688	381	411
Customer base, less accumulated amortization of $1,481 and $1,526	1,305	1,367
Other intangible assets, less accumulated amortization of $27 and $12	138	132
Trade name	1,019	1,019
Goodwill	4,505	4,539
Total Assets	9,741	10,018
Current:
Short-term and current portion of long-term debt	441	63
Accounts payable	25	32
Accrued compensation and benefits	224	297
Accrued interest expense	84	41
Other accrued expenses	206	235
Deferred revenue	842	836
Total current liabilities	1,822	1,504
Long-term debt	6,121	6,599
Deferred and other income taxes	1,095	1,127
Other long-term liabilities	77	76
Total liabilities	9,115	9,306
Commitments and contingencies
Stockholder's equity:
Preferred stock, par value $.001 per share; cumulative 11.5% per annum, compounded quarterly; aggregate liquidation preference of $1,581 million and $1,605 million; 14,999,000 shares authorized, 10,048,018 and 10,056,798 issued
Common stock, value
Capital in excess of par value	3,495	3,492
Treasury stock Value	(31)	(30)
Accumulated deficit	(2,818)	(2,771)
Accumulated other comprehensive income (loss)	(47)	(3)
Total stockholder's equity	599	688
Total Liabilities and Equity	9,741	10,018
SunGard Capital Corp. II | Preferred Stock
Current:
Stock subject to a put option	27	24
SunGard Data Systems Inc.
Current:
Cash and cash equivalents	537	546
Trade receivables, less allowance for doubtful accounts of $30 and $29	648	781
Earned but unbilled receivables	117	119
Prepaid expenses and other current assets	253	230
Total current assets	1,555	1,676
Property and equipment, less accumulated depreciation of $1,509 and $1,569	835	874
Software products, less accumulated amortization of $1,649 and $1,688	381	411
Customer base, less accumulated amortization of $1,481 and $1,526	1,305	1,367
Other intangible assets, less accumulated amortization of $27 and $12	138	132
Trade name	1,019	1,019
Goodwill	4,505	4,539
Total Assets	9,738	10,018
Current:
Short-term and current portion of long-term debt	441	63
Accounts payable	25	32
Accrued compensation and benefits	224	297
Accrued interest expense	84	41
Other accrued expenses	206	238
Deferred revenue	842	836
Total current liabilities	1,822	1,507
Long-term debt	6,121	6,599
Deferred and other income taxes	1,087	1,120
Other long-term liabilities	77	76
Total liabilities	9,107	9,302
Commitments and contingencies
Stockholder's equity:
Common stock, value
Capital in excess of par value	3,496	3,490
Accumulated deficit	(2,818)	(2,771)
Accumulated other comprehensive income (loss)	(47)	(3)
Total stockholder's equity	631	716
Total Liabilities and Equity	$ 9,738	$ 10,018

XML

Operating Results for Each Segment (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Selected Financial Information [Line Items]
Revenue	$ 995	$ 1,024
Internal Adjusted EBITDA	249	255
Internal Adjusted EBITDA margin	25.10%	24.90%
Year to year revenue change	(3.00%)
Year to year Internal Adjusted EBITDA change	(2.00%)
Year to year revenue change at constant currency	(3.00%)
Year to year Internal Adjusted EBITDA change at constant currency	(3.00%)
Financial Systems
Selected Financial Information [Line Items]
Revenue	600	618
Internal Adjusted EBITDA	130	126
Internal Adjusted EBITDA margin	21.60%	20.40%
Year to year revenue change	(3.00%)
Year to year Internal Adjusted EBITDA change	3.00%
Year to year revenue change at constant currency	(3.00%)
Year to year Internal Adjusted EBITDA change at constant currency	2.00%
Availability Services
Selected Financial Information [Line Items]
Revenue	345	355
Internal Adjusted EBITDA	105	113
Internal Adjusted EBITDA margin	30.50%	31.70%
Year to year revenue change	(3.00%)
Year to year Internal Adjusted EBITDA change	(6.00%)
Year to year revenue change at constant currency	(3.00%)
Year to year Internal Adjusted EBITDA change at constant currency	(6.00%)
Public Sector and Education
Selected Financial Information [Line Items]
Revenue	50	51
Internal Adjusted EBITDA	$ 14	$ 16
Internal Adjusted EBITDA margin	29.10%	32.70%
Year to year revenue change	(1.00%)
Year to year Internal Adjusted EBITDA change	(12.00%)
Year to year revenue change at constant currency	(1.00%)
Year to year Internal Adjusted EBITDA change at constant currency	(12.00%)

XML

Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flow from operations:
Net income (loss)	$ (47)	$ 235
Income (loss) from discontinued operations		311
Income (loss) from continuing operations	(47)	(76)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization	160	172
Deferred income tax provision (benefit)	(31)	34
Stock compensation expense	11	11
Amortization of deferred financing costs and debt discount	16	12
Loss on extinguishment of debt	5	15
Other noncash items		(2)
Accounts receivable and other current assets	102	82
Accounts payable and accrued expenses	(59)	(179)
Deferred revenue	21	1
Cash flow from (used in) continuing operations	178	70
Cash flow from (used in) discontinued operations		5
Cash flow from (used in) operations	178	75
Investment activities:
Cash paid for acquired businesses, net of cash acquired	(1)	(6)
Cash paid for property and equipment and software	(46)	(60)
Other investing activities	1	3
Cash provided by (used in) continuing operations	(46)	(63)
Cash provided by (used in) discontinued operations		1,740
Cash provided by (used in) investment activities	(46)	1,677
Financing activities:
Cash received from borrowings, net of fees	2,174	(19)
Cash used to repay debt	(2,302)	(1,225)
Cash used to purchase treasury stock	(3)	(3)
Other financing activities	(2)	(7)
Cash provided by (used in) continuing operations	(133)	(1,254)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(133)	(1,254)
Effect of exchange rate changes on cash	(8)	7
Increase (decrease) in cash and cash equivalents	(9)	505
Beginning cash and cash equivalents	546	873
Ending cash and cash equivalents	537	1,378
Supplemental information:
Interest paid	49	101
Income taxes paid, net of refunds of $3 million and $1 million, respectively	29	19
SunGard Capital Corp. II
Cash flow from operations:
Net income (loss)	(47)	235
Income (loss) from discontinued operations		311
Income (loss) from continuing operations	(47)	(76)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization	160	172
Deferred income tax provision (benefit)	(31)	34
Stock compensation expense	11	11
Amortization of deferred financing costs and debt discount	16	12
Loss on extinguishment of debt	5	15
Other noncash items		(2)
Accounts receivable and other current assets	102	82
Accounts payable and accrued expenses	(58)	(179)
Deferred revenue	21	1
Cash flow from (used in) continuing operations	179	70
Cash flow from (used in) discontinued operations		5
Cash flow from (used in) operations	179	75
Investment activities:
Cash paid for acquired businesses, net of cash acquired	(1)	(6)
Cash paid for property and equipment and software	(46)	(60)
Other investing activities	1	3
Cash provided by (used in) continuing operations	(46)	(63)
Cash provided by (used in) discontinued operations		1,740
Cash provided by (used in) investment activities	(46)	1,677
Financing activities:
Cash received from borrowings, net of fees	2,174	(19)
Cash used to repay debt	(2,302)	(1,225)
Cash used to purchase treasury stock	(1)	(1)
Other financing activities	(5)	(9)
Cash provided by (used in) continuing operations	(134)	(1,254)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(134)	(1,254)
Effect of exchange rate changes on cash	(8)	7
Increase (decrease) in cash and cash equivalents	(9)	505
Beginning cash and cash equivalents	546	873
Ending cash and cash equivalents	537	1,378
Supplemental information:
Interest paid	49	101
Income taxes paid, net of refunds of $3 million and $1 million, respectively	29	19
SunGard Data Systems Inc.
Cash flow from operations:
Net income (loss)	(47)	235
Income (loss) from discontinued operations		311
Income (loss) from continuing operations	(47)	(76)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization	160	172
Deferred income tax provision (benefit)	(31)	34
Stock compensation expense	11	11
Amortization of deferred financing costs and debt discount	16	12
Loss on extinguishment of debt	5	15
Other noncash items		(2)
Accounts receivable and other current assets	102	82
Accounts payable and accrued expenses	(58)	(179)
Deferred revenue	21	1
Cash flow from (used in) continuing operations	179	70
Cash flow from (used in) discontinued operations		5
Cash flow from (used in) operations	179	75
Investment activities:
Cash paid for acquired businesses, net of cash acquired	(1)	(6)
Cash paid for property and equipment and software	(46)	(60)
Other investing activities	1	3
Cash provided by (used in) continuing operations	(46)	(63)
Cash provided by (used in) discontinued operations		1,740
Cash provided by (used in) investment activities	(46)	1,677
Financing activities:
Cash received from borrowings, net of fees	2,174	(19)
Cash used to repay debt	(2,302)	(1,225)
Other financing activities	(6)	(10)
Cash provided by (used in) continuing operations	(134)	(1,254)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(134)	(1,254)
Effect of exchange rate changes on cash	(8)	7
Increase (decrease) in cash and cash equivalents	(9)	505
Beginning cash and cash equivalents	546	873
Ending cash and cash equivalents	537	1,378
Supplemental information:
Interest paid	49	101
Income taxes paid, net of refunds of $3 million and $1 million, respectively	$ 29	$ 19

XML

Future Amortization of Acquired Intangible Assets (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013
Schedule Of Estimated Future Amortization Expense [Line Items]
2013	$ 340
2014	290
2015	234
2016	214
2017	$ 207

XML

Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2013

Changes in Goodwill By Segment

The following table summarizes changes in goodwill by segment (in millions):

	Cost											Accumulated Impairment
	FS			AS			PS&E		Subtotal			AS			PS&E			Subtotal			Total
Balance at December 31, 2012	$	3,516		$	2,243		$	544	$	6,303		$	(1,547	)	$	(217	)	$	(1,764	)	$	4,539
Effect of foreign currency translation		(21	)		(12	)		—		(33	)		—			—			—			(33	)
Other		(1	)		—			—		(1	)		—			—			—			(1	)
Balance at March 31, 2013	$	3,494		$	2,231		$	544	$	6,269		$	(1,547	)	$	(217	)	$	(1,764	)	$	4,505

Future Amortization of Acquisition-Related Intangible Assets

Based on amounts recorded at March 31, 2013, total expected amortization of all acquisition-related intangible assets in each of the years ended December 31 follows (in millions):

2013	$	340
2014		290
2015		234
2016		214
2017		207

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Unrealized Gains Losses on Derivative Instruments (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized gain (loss) on derivative instruments, net of tax	$ 2	$ 3
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized gain (loss) on cash flow hedges and other	1
Gain (loss) on cash flow hedges reclassified into income	2	4
Less: income tax benefit (expense)	(1)	(1)
Unrealized gain (loss) on derivative instruments, net of tax	2	3
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | Interest Rate Contract
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain (loss) on cash flow hedges reclassified into income	3	4
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | Forward Contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain (loss) on cash flow hedges reclassified into income	$ (1)

XML

Debt and Derivatives (Tables)

3 Months Ended

Mar. 31, 2013

Debt

Debt consisted of the following (in millions):

	December 31, 2012			March 31, 2013
Senior Secured Credit Facilities:
Secured revolving credit facility	$	—		$	—
Tranche A, effective interest rate of 1.96% and 1.95%		207			157
Tranche B, effective interest rate of 4.35%		1,719			—
Tranche C, effective interest rate of 4.17% and 4.41%		908			427
Tranche D, effective interest rate of 4.50% and 4.50%		720			718
Tranche E, effective interest rate of 4.00%		—			2,200
Total Senior Secured Credit Facilities		3,554			3,502
Senior Secured Notes due 2014 at 4.875%, net of discount of $4 and $3		246			247
Senior Notes due 2018 at 7.375%		900			900
Senior Notes due 2020 at 7.625%		700			700
Senior Subordinated Notes due 2019 at 6.625%		1,000			1,000
Secured accounts receivable facility, at 3.71% and 3.70%		250			200
Other, primarily foreign bank debt and capital lease obligations		12			13
Total debt		6,662			6,562
Short-term borrowings and current portion of long-term debt		(63	)		(441	)
Long-term debt	$	6,599		$	6,121

Interest Rate Swaps

A summary of the Company’s interest rate swaps at March 31, 2013 follows (in millions):

Inception	Maturity	Notional Amount (in millions)		Interest rate paid			Interest rate received (LIBOR)
August-September 2012	February 2017	$	400		0.69	%	1-Month

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Consolidated Statements of Cash Flows (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Beginning cash and cash equivalents, cash of discontinued operations	$ 0	$ 6
Ending cash and cash equivalents, cash of discontinued operations	0	0
Income taxes paid, net of refunds	1	3
SunGard Capital Corp. II
Beginning cash and cash equivalents, cash of discontinued operations	0	6
Ending cash and cash equivalents, cash of discontinued operations	0	0
Income taxes paid, net of refunds	1	3
SunGard Data Systems Inc.
Beginning cash and cash equivalents, cash of discontinued operations	0	6
Ending cash and cash equivalents, cash of discontinued operations	0	0
Income taxes paid, net of refunds	$ 1	$ 3

XML

Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Trade receivables, allowance for doubtful accounts	$ 29	$ 30
Property and equipment, accumulated depreciation	1,569	1,509
Software products, accumulated amortization	1,688	1,649
Customer base, accumulated amortization	1,526	1,481
Other intangible assets, accumulated amortization	12	27
Class L common stock, convertible
Common stock, par value	$ 0.001	$ 0.001
Common stock, cumulative liquidation preference percentage	13.50%	13.50%
Common stock, aggregate liquidation preference	6,357	6,154
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	29,052,971	29,027,610
Treasury stock, shares	568,789	541,886
Class A common stock
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	550,000,000	550,000,000
Common stock, shares issued	261,480,074	261,251,822
Treasury stock, shares	5,122,434	4,880,305
SunGard Capital Corp. II
Trade receivables, allowance for doubtful accounts	29	30
Property and equipment, accumulated depreciation	1,569	1,509
Software products, accumulated amortization	1,688	1,649
Customer base, accumulated amortization	1,526	1,481
Other intangible assets, accumulated amortization	12	27
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, cumulative liquidation preference percentage	11.50%	11.50%
Preferred stock, aggregate liquidation preference	1,605	1,581
Preferred stock, shares authorized	14,999,000	14,999,000
Preferred stock, shares issued	10,056,798	10,048,018
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000	1,000
Common stock, shares issued	100	100
Common stock, shares outstanding	100	100
Treasury stock, shares	196,889	187,576
SunGard Data Systems Inc.
Trade receivables, allowance for doubtful accounts	29	30
Property and equipment, accumulated depreciation	1,569	1,509
Software products, accumulated amortization	1,688	1,649
Customer base, accumulated amortization	1,526	1,481
Other intangible assets, accumulated amortization	$ 12	$ 27
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100	100
Common stock, shares issued	100	100
Common stock, shares outstanding	100	100

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Employee Termination Benefits and Facility Closures

3 Months Ended

Mar. 31, 2013

Employee Termination Benefits and Facility Closures

10. Employee Termination Benefits and Facility Closures:

The following table provides a rollforward of the liability balances for workforce reductions and facility closures, which occurred through March 31, 2013 (in millions):

	Balance 12/31/2012		Expense		Paid			Other Adjustments*			Balance 3/31/2013
Workforce-related	$	32	$	4	$	(10	)	$	(3	)	$	23
Facilities		22		1		(2	)		—			21
Total	$	54	$	5	$	(12	)	$	(3	)	$	44

* The other adjustments column in the table principally relates to changes in estimates from when the initial charge was recorded and also foreign currency translation and other adjustments.

The workforce related actions are expected to be paid out over the next 18 months (the majority within 12 months). The facilities accruals are for ongoing obligations to pay rent for vacant space and are net of sublease reserves. The lengths of these obligations vary by lease with the majority ending in 2019.

XML

Document and Entity Information	3 Months Ended
	Mar. 31, 2013
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Trading Symbol	ck0001337272
Entity Registrant Name	SUNGARD CAPITAL CORP
Entity Central Index Key	0001337272
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
SunGard Capital Corp. II
Document Information [Line Items]
Entity Registrant Name	SUNGARD CAPITAL CORP II
Entity Central Index Key	0001337274
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	100
SunGard Data Systems Inc.
Document Information [Line Items]
Entity Registrant Name	SUNGARD DATA SYSTEMS INC
Entity Central Index Key	0000789388
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	100
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	256,357,639
Class L common stock, convertible
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	28,484,182

XML

Related Party Transactions

3 Months Ended

Mar. 31, 2013

Related Party Transactions

11. Related Party Transactions:

In accordance with the Management Agreement between the Company and affiliates of the Sponsors, the Company recorded $2 million of management fees in sales, marketing and administration expenses during the three months ended March 31, 2012 and 2013, respectively. At December 31, 2012 and March 31, 2013, $4 million and $2 million, respectively, was included in other accrued expenses.

During the first quarter of 2012, in connection with the sale of HE, the Company paid the Sponsors $17.8 million of management fees, which are included in the results of discontinued operations.

In each of March 2012 and 2013, Goldman Sachs & Co. and/or its respective affiliates received fees of approximately $1 million in connection with amendments of SunGard’s Credit Agreement in each year.

XML

Consolidated Statements of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013		Mar. 31, 2012
Revenue:
Services	$ 949		$ 974
License and resale fees	33		31
Total products and services	982		1,005
Reimbursed expenses	13		19
Total revenue	995		1,024
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)	437		453
Sales, marketing and administration	242		253
Product development and maintenance	100		94
Depreciation and amortization	73	[1]	71	[1]
Amortization of acquisition-related intangible assets	87		101
Total costs and expenses	939		972
Operating income (loss)	56		52
Interest expense and amortization of deferred financing fees	(108)		(122)
Loss on extinguishment of debt	(5)		(15)
Other income (expense)	1		2
Income (loss) from continuing operations before income tax	(56)		(83)
Benefit from (provision for) income taxes	9		7
Income (loss) from continuing operations	(47)		(76)
Income (loss) from discontinued operations, net of tax			311
Net income (loss)	(47)		235
Income attributable to the noncontrolling interest (including $-million and $-million in temporary equity)	(25)		(62)
Net income (loss) attributable to SunGard Capital Corp.	(72)		173
Other Comprehensive income (loss):
Foreign currency translation, net	(46)		33
Unrealized gain (loss) on derivative instruments, net of tax	2		3
Other Comprehensive income (loss), net of tax	(44)		36
Comprehensive income (loss)	(91)		271
Comprehensive income (loss) attributable to the noncontrolling interest	(25)		(62)
Comprehensive income (loss)	(116)		209
SunGard Capital Corp. II
Revenue:
Services	949		974
License and resale fees	33		31
Total products and services	982		1,005
Reimbursed expenses	13		19
Total revenue	995		1,024
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)	437		453
Sales, marketing and administration	242		253
Product development and maintenance	100		94
Depreciation and amortization	73		71
Amortization of acquisition-related intangible assets	87		101
Total costs and expenses	939		972
Operating income (loss)	56		52
Interest expense and amortization of deferred financing fees	(108)		(122)
Loss on extinguishment of debt	(5)		(15)
Other income (expense)	1		2
Income (loss) from continuing operations before income tax	(56)		(83)
Benefit from (provision for) income taxes	9		7
Income (loss) from continuing operations	(47)		(76)
Income (loss) from discontinued operations, net of tax			311
Net income (loss)	(47)		235
Other Comprehensive income (loss):
Foreign currency translation, net	(46)		33
Unrealized gain (loss) on derivative instruments, net of tax	2		3
Comprehensive income (loss)	(91)		271
SunGard Data Systems Inc.
Revenue:
Services	949		974
License and resale fees	33		31
Total products and services	982		1,005
Reimbursed expenses	13		19
Total revenue	995		1,024
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)	437		453
Sales, marketing and administration	242		253
Product development and maintenance	100		94
Depreciation and amortization	73		71
Amortization of acquisition-related intangible assets	87		101
Total costs and expenses	939		972
Operating income (loss)	56		52
Interest expense and amortization of deferred financing fees	(108)		(122)
Loss on extinguishment of debt	(5)		(15)
Other income (expense)	1		2
Income (loss) from continuing operations before income tax	(56)		(83)
Benefit from (provision for) income taxes	9		7
Income (loss) from continuing operations	(47)		(76)
Income (loss) from discontinued operations, net of tax			311
Net income (loss)	(47)		235
Other Comprehensive income (loss):
Foreign currency translation, net	(46)		33
Unrealized gain (loss) on derivative instruments, net of tax	2		3
Comprehensive income (loss)	$ (91)		$ 271

[1] Includes amortization of capitalized software.

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Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income

5. Accumulated Other Comprehensive Income:

The following table summarizes the unrealized gains (losses) on derivative instruments including the impact of components reclassified into net income from accumulated other comprehensive income for the three months ended March 31, 2012 and 2013 (in millions):

	Three Months Ended March 31,
Other Comprehensive Income Components	2012			2013			Affected Line Item in the Statement of Comprehensive Income for Components Reclassified from OCI
Unrealized gain (loss) on cash flow hedges and other	$	—		$	1
Less: gain (loss) on cash flow hedges reclassified into income
Interest rate contracts		4			3		Interest expense and amortization of deferred financing fees
Currency forward contracts		—			(1	)	Cost of sales and direct operating
Total reclassified into income		4			2
Less: income tax benefit (expense)		(1	)		(1	)
Unrealized gain (loss) on derivative instruments, net of tax	$	3		$	2

The following table provides a rollforward of the components of accumulated other comprehensive loss, net of tax, through March 31, 2013 as follows (in millions):

	Gains and Losses on Cash Flow Hedges		Currency Translation			Accumulated Other Comprehensive Income
Balance at December 31, 2012	$	1	$	(4	)	$	(3	)
Other comprehensive income before reclassifications		1		(46	)		(45	)
Amounts reclassified from accumulated other comprehensive income net of tax		1		—			1
Net current-period other comprehensive income		2		(46	)		(44	)
Balance at March 31, 2013	$	3	$	(50	)	$	(47	)

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Goodwill and Intangibles

3 Months Ended

Mar. 31, 2013

Goodwill and Intangibles

4. Goodwill and Intangibles:

The following table summarizes changes in goodwill by segment (in millions):

	Cost											Accumulated Impairment
	FS			AS			PS&E		Subtotal			AS			PS&E			Subtotal			Total
Balance at December 31, 2012	$	3,516		$	2,243		$	544	$	6,303		$	(1,547	)	$	(217	)	$	(1,764	)	$	4,539
Effect of foreign currency translation		(21	)		(12	)		—		(33	)		—			—			—			(33	)
Other		(1	)		—			—		(1	)		—			—			—			(1	)
Balance at March 31, 2013	$	3,494		$	2,231		$	544	$	6,269		$	(1,547	)	$	(217	)	$	(1,764	)	$	4,505

Based on amounts recorded at March 31, 2013, total expected amortization of all acquisition-related intangible assets in each of the years ended December 31 follows (in millions):

2013	$	340
2014		290
2015		234
2016		214
2017		207

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Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2013

Unrealized Gains Losses on Derivative Instruments

The following table summarizes the unrealized gains (losses) on derivative instruments including the impact of components reclassified into net income from accumulated other comprehensive income for the three months ended March 31, 2012 and 2013 (in millions):

	Three Months Ended March 31,
Other Comprehensive Income Components	2012			2013			Affected Line Item in the Statement of Comprehensive Income for Components Reclassified from OCI
Unrealized gain (loss) on cash flow hedges and other	$	—		$	1
Less: gain (loss) on cash flow hedges reclassified into income
Interest rate contracts		4			3		Interest expense and amortization of deferred financing fees
Currency forward contracts		—			(1	)	Cost of sales and direct operating
Total reclassified into income		4			2
Less: income tax benefit (expense)		(1	)		(1	)
Unrealized gain (loss) on derivative instruments, net of tax	$	3		$	2

Component of Accumulated Other Comprehensive Loss, Net of Tax

The following table provides a rollforward of the components of accumulated other comprehensive loss, net of tax, through March 31, 2013 as follows (in millions):

	Gains and Losses on Cash Flow Hedges		Currency Translation			Accumulated Other Comprehensive Income
Balance at December 31, 2012	$	1	$	(4	)	$	(3	)
Other comprehensive income before reclassifications		1		(46	)		(45	)
Amounts reclassified from accumulated other comprehensive income net of tax		1		—			1
Net current-period other comprehensive income		2		(46	)		(44	)
Balance at March 31, 2013	$	3	$	(50	)	$	(47	)

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Supplemental Guarantor Condensed Consolidating Financial Statements

3 Months Ended

Mar. 31, 2013

Supplemental Guarantor Condensed Consolidating Financial Statements

12. Supplemental Guarantor Condensed Consolidating Financial Statements:

SunGard’s senior unsecured notes are jointly and severally, fully and unconditionally guaranteed on a senior unsecured basis and the senior subordinated notes are jointly and severally, fully and unconditionally guaranteed on an unsecured senior subordinated basis, in each case, subject to certain exceptions, by substantially all wholly owned, domestic subsidiaries of SunGard (collectively, the “Guarantors”). Each of the Guarantors is 100% owned, directly or indirectly, by SunGard. None of the other subsidiaries of SunGard, either direct or indirect, nor any of the Holding Companies, guarantee the senior notes and senior subordinated notes (“Non-Guarantors”). The Guarantors and SunGard Holdco LLC also unconditionally guarantee the senior secured credit facilities. The Guarantors are subject to release under certain circumstances as described below.

The indentures evidencing the guarantees provide for a Guarantor to be automatically and unconditionally released and discharged from its guarantee obligations in certain circumstances, including upon the earliest to occur of:

• The sale, exchange or transfer of the subsidiary’s capital stock or all or substantially all of its assets;

• Designation of the Guarantor as an “unrestricted subsidiary” for purposes of the indenture covenants;

• Release or discharge of the Guarantor’s guarantee of certain other indebtedness; or

• Legal defeasance or covenant defeasance of the indenture obligations when provision has been made for them to be fully satisfied.

The following tables present the financial position, results of operations and cash flows of SunGard (referred to as “Parent Company” for purposes of this note only), the Guarantor subsidiaries, the Non-Guarantor subsidiaries and Eliminations as of December 31, 2012 and March 31, 2013, and for the three month periods ended March 31, 2012 and 2013 to arrive at the information for SunGard on a consolidated basis. SCC and SCCII are neither parties to nor guarantors of the debt issued as described in Note 5 of Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for 2012.

(in millions)	Supplemental Condensed Consolidating Balance Sheet December 31, 2012
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current:
Cash and cash equivalents	$	220	$	(3	)	$	329	$	—		$	546
Intercompany balances		—		2,457			742		(3,199	)		—
Trade receivables, net		3		566	(a)		331		—			900
Prepaid expenses, taxes and other current assets		1,312		70			89		(1,241	)		230
Total current assets		1,535		3,090			1,491		(4,440	)		1,676
Property and equipment, net		—		574			300		—			874
Intangible assets, net		112		2,413			404		—			2,929
Deferred income taxes		39		—			—		(39	)		—
Intercompany balances		254		7			76		(337	)		—
Goodwill		—		3,470			1,069		—			4,539
Investment in subsidiaries		8,620		2,101			—		(10,721	)		—
Total Assets	$	10,560	$	11,655		$	3,340	$	(15,537	)	$	10,018
Liabilities and Stockholder’s Equity
Current:
Short-term and current portion of long-term debt	$	57	$	—		$	6	$	—		$	63
Intercompany balances		3,199		—			—		(3,199	)		—
Accounts payable and other current liabilities		70		1,983			632		(1,241	)		1,444
Total current liabilities		3,326		1,983			638		(4,440	)		1,507
Long-term debt		6,343		2			254		—			6,599
Intercompany debt		83		—			254		(337	)		—
Deferred and other income taxes		92		1,000			67		(39	)		1,120
Other long-term liabilities		—		50			26		—			76
Total liabilities		9,844		3,035			1,239		(4,816	)		9,302
Total stockholder’s equity		716		8,620			2,101		(10,721	)		716
Total Liabilities and Stockholder’s Equity	$	10,560	$	11,655		$	3,340	$	(15,537	)	$	10,018

(a) This balance is primarily comprised of a receivable from the Company’s AR Financing LLC subsidiary, which is a non-Guarantor, resulting from the normal, recurring sale of accounts receivable under the receivables facility. In a liquidation, the first $250 million (plus interest) of collections of accounts receivable sold to this subsidiary are due to the receivables facility lender. The remaining balance would be available for collection for the benefit of the Guarantors.

(in millions)	Supplemental Condensed Consolidating Balance Sheet March 31, 2013
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current:
Cash and cash equivalents	$	173	$	(2	)	$	366	$	—		$	537
Intercompany balances		—		2,588			704		(3,292	)		—
Trade receivables, net		7		515	(b)		243		—			765
Prepaid expenses, taxes and other current assets		1,361		81			112		(1,301	)		253
Total current assets		1,541		3,182			1,425		(4,593	)		1,555
Property and equipment, net		—		555			280		—			835
Intangible assets, net		116		2,347			380		—			2,843
Deferred income taxes		37		—			—		(37	)		—
Intercompany balances		248		6			77		(331	)		—
Goodwill		—		3,468			1,037		—			4,505
Investment in subsidiaries		8,607		2,056			—		(10,663	)		—
Total Assets	$	10,549	$	11,614		$	3,199	$	(15,624	)	$	9,738
Liabilities and Stockholder’s Equity
Current:
Short-term and current portion of long-term debt	$	434	$	—		$	7	$	—		$	441
Intercompany balances		3,292		—			—		(3,292	)		—
Accounts payable and other current liabilities		103		1,984			595		(1,301	)		1,381
Total current liabilities		3,829		1,984			602		(4,593	)		1,822
Long-term debt		5,915		2			204		—			6,121
Intercompany debt		83		—			248		(331	)		—
Deferred and other income taxes		91		978			55		(37	)		1,087
Other liabilities		—		43			34		—			77
Total liabilities		9,918		3,007			1,143		(4,961	)		9,107
Total stockholder’s equity		631		8,607			2,056		(10,663	)		631
Total Liabilities and Stockholder’s Equity	$	10,549	$	11,614		$	3,199	$	(15,624	)	$	9,738

(b) This balance is primarily comprised of a receivable from the Company’s AR Financing LLC subsidiary, which is a non-Guarantor, resulting from the normal, recurring sale of accounts receivable under the receivables facility. In a liquidation, the first $200 million (plus interest) of collections of accounts receivable sold to this subsidiary are due to the receivables facility lender. The remaining balance would be available for collection for the benefit of the Guarantors.

(in millions)	Supplemental Condensed Consolidating Schedule of Comprehensive  Income Three Months Ended March 31, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	713		$	398		$	(87	)	$	1,024
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		25			534			328			(87	)		800
Depreciation and amortization		—			48			23			—			71
Amortization of acquisition-related intangible assets		—			84			17			—			101
Total costs and expenses		25			666			368			(87	)		972
Operating income (loss)		(25	)		47			30			—			52
Net interest income (expense)		(114	)		—			(8	)		—			(122	)
Equity in earnings of unconsolidated subsidiaries (c)		160			27			—			(187	)		—
Other income (expense)		(15	)		—			2						(13	)
Income (loss) from continuing operations before income taxes		6			74			24			(187	)		(83	)
Benefit from (provision for) income taxes		10			(3	)		—			—			7
Income (loss) from continuing operations		16			71			24			(187	)		(76	)
Income (loss) from discontinued operations, net of tax		219			89			3			—			311
Net income (loss)		235			160			27			(187	)		235
Comprehensive income (loss)	$	271		$	185		$	49		$	(234	)	$	271

(c) The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the three months ended March 31, 2012 has been revised to present all equity in earnings of unconsolidated subsidiaries in a single caption within Other income (expense). The portion of equity in earnings of unconsolidated subsidiaries which related to the investees’ income (loss) from discontinued operations had previously been presented separately in the Income (loss) from discontinued operations, net of tax caption for the Parent Company and Guarantor Subsidiaries. This revision has also been reflected in the Net income (loss) and Income (loss) from discontinued operations captions in the Supplemental Condensed Consolidating Schedule of Cash Flows for Parent Company and Guarantor Subsidiaries for the same periods.

While these revisions have no impact on the previously reported Net Income or total cash flows from operations of the Parent Company or Guarantor Subsidiaries, they resulted in the following changes to previously reported amounts. For the Parent Company in 2012, Equity in earnings of unconsolidated subsidiaries changed from $71 million to $160 million; Income (loss) from continuing operations changed from $(77) million to $16 million; and Income (loss) from discontinued operations, net of tax changed from $312 million to $219 million. For the Guarantor Subsidiaries in 2012, Equity in earnings of unconsolidated subsidiaries changed from $24 million to $27 million; Income (loss) from continuing operations changed from $67 million to $71 million; and Income (loss) from discontinued operations, net of tax changed from $93 million to $89 million. These revisions had no impact on the consolidated results of the Company and were not material to the Supplemental Condensed Consolidating Schedule of Comprehensive Income or the Supplemental Condensed Consolidating Schedule of Cash Flows for any period.

(in millions)	Supplemental Condensed Consolidating Schedule of Comprehensive  Income Three Months Ended March 31, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	692		$	381		$	(78	)	$	995
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		23			509			325			(78	)		779
Depreciation and amortization		—			49			24			—			73
Amortization of acquisition-related intangible assets		—			71			16			—			87
Total costs and expenses		23			629			365			(78	)		939
Operating income (loss)		(23	)		63			16			—			56
Net interest income (expense)		(101	)		—			(7	)		—			(108	)
Equity in earnings of unconsolidated subsidiaries		41			8			—			(49	)		—
Other income (expense)		(5	)		—			1			—			(4	)
Income (loss) from continuing operations before income taxes		(88	)		71			10			(49	)		(56	)
Benefit from (provision for) income taxes		41			(30	)		(2	)		—			9
Income (loss) from continuing operations		(47	)		41			8			(49	)		(47	)
Income (loss) from discontinued operations, net of tax		—			—			—			—			—
Net income (loss)		(47	)		41			8			(49	)		(47	)
Comprehensive income (loss)	$	(91	)	$	1		$	(26	)	$	25		$	(91	)

(in millions)	Supplemental Condensed Consolidating Schedule of Cash Flows Three Months Ended March 31, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	235		$	160		$	27		$	(187	)	$	235
Income (loss) from discontinued operations		219			89			3			—			311
Income (loss) from continuing operations		16			71			24			(187	)		(76	)
Non cash adjustments		(75	)		94			36			187			242
Changes in operating assets and liabilities		8			(68	)		(36	)		—			(96	)
Cash flow from (used in) continuing operations		(51	)		97			24			—			70
Cash flow from (used in) discontinued operations		(2	)		—			7			—			5
Cash flow from (used in) operations		(53	)		97			31			—			75
Investment activities:
Intercompany transactions (d)		1,828			(24	)		(33	)		(1,771	)		—
Cash paid for acquired businesses, net of cash acquired		—			—			(6	)		—			(6	)
Cash paid for property and equipment and software		—			(41	)		(19	)		—			(60	)
Other investing activities		1			—			2			—			3
Cash provided by (used in) continuing operations		1,829			(65	)		(56	)		(1,771	)		(63	)
Cash provided by (used in) discontinued operations		—			1,740			—			—			1,740
Cash provided by (used in) investment activities		1,829			1,675			(56	)		(1,771	)		1,677
Financing activities:
Intercompany dividends of HE sale proceeds		—			(1,771	)		—			1,771			—
Net repayments of long-term debt		(1,241	)		(1	)		(2	)		—			(1,244	)
Premium paid to retire debt		—			—			—			—			—
Dividends paid		—			—			—			—			—
Other financing activities		(10	)		—			—			—			(10	)
Cash provided by (used in) continuing operations		(1,251	)		(1,772	)		(2	)		1,771			(1,254	)
Cash provided by (used in) discontinued operations		—			—			—			—
Cash provided by (used in) financing activities		(1,251	)		(1,772	)		(2	)		1,771			(1,254	)
Effect of exchange rate changes on cash		—			—			7			—			7
Increase (decrease) in cash and cash equivalents		525			—			(20	)		—			505
Beginning cash and cash equivalents		529			(15	)		359			—			873
Ending cash and cash equivalents	$	1,054		$	(15	)	$	339		$	—		$	1,378

(d) The intercompany cash transactions reflected above within investment activities largely reflect cash dividends or the return of capital, including the cash dividend of $1.8 billion from Guarantor Subsidiaries to Parent in connection with the sale of our Higher Education business.

(in millions)	Supplemental Condensed Consolidating Schedule of Cash Flows Three Months Ended March 31, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	(47	)	$	41		$	8		$	(49	)	$	(47	)
Income (loss) from discontinued operations		—			—			—			—			—
Income (loss) from continuing operations		(47	)		41			8			(49	)		(47	)
Non cash adjustments		(9	)		89			32			49			161
Changes in operating assets and liabilities		(14	)		34			45			—			65
Cash flow from (used in) continuing operations		(70	)		164			85			—			179
Cash flow from (used in) discontinued operations		—			—			—			—			—
Cash flow from (used in) operations		(70	)		164			85			—			179
Investment activities:
Intercompany transactions		108			(121	)		35			(22	)		—
Cash paid for acquired businesses, net of cash acquired		(1	)		—			—			—			(1	)
Cash paid for property and equipment and software		—			(32	)		(14	)		—			(46	)
Other investing activities		—			1			—			—			1
Cash provided by (used in) continuing operations		107			(152	)		21			(22	)		(46	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) investment activities		107			(152	)		21			(22	)		(46	)
Financing activities:
Intercompany dividends of HE sale proceeds		—			—			—			—			—
Intercompany dividends		—			(11	)		(11	)		22			—
Net repayments of long-term debt		(78	)		—			(50	)		—			(128	)
Premium paid to retire debt		—			—			—			—			—
Dividends paid		(1	)		—			—			—			(1	)
Other financing activities		(5	)		—			—			—			(5	)
Cash provided by (used in) continuing operations		(84	)		(11	)		(61	)		22			(134	)
Cash provided by (used in) discontinued operations		—			—			—			—
Cash provided by (used in) financing activities		(84	)		(11	)		(61	)		22			(134	)
Effect of exchange rate changes on cash		—			—			(8	)		—			(8	)
Increase (decrease) in cash and cash equivalents		(47	)		1			37			—			(9	)
Beginning cash and cash equivalents		220			(3	)		329			—			546
Ending cash and cash equivalents	$	173		$	(2	)	$	366		$	—		$	537

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Equity

3 Months Ended

Mar. 31, 2013

Equity

8. Equity:

A rollforward of SCC’s equity for 2013 follows (in millions):

	SunGard Capital Corp. stockholders											Noncontrolling interest
	Class L - temporary equity			Class A - temporary equity		Permanent equity			Total			Temporary equity			Permanent equity			Total
Balance at December 31, 2012	$	45		$	5	$	(961	)	$	(911	)	$	26		$	1,575		$	1,601
Net income (loss)		—			—		(72	)		(72	)		—			25			25
Foreign currency translation		—			—		(46	)		(46	)		—			—			—
Net unrealized gain on derivative instruments		—			—		2			2			—			—			—
Comprehensive income (loss)		—			—		(116	)		(116	)		—			25			25
Stock compensation expense		—			—		11			11			—			—			—
Termination of put options due to employee terminations and other		(3	)		—		3			—			(1	)		2			1
Purchase of treasury stock		—			—		(1	)		(1	)		—			(2	)		(2	)
Transfer intrinsic value of vested restricted stock units		7			—		(12	)		(5	)		5			—			5
Other		—			—		(2	)		(2	)		—			—			—
Balance at March 31, 2013	$	49		$	5	$	(1,078	)	$	(1,024	)	$	30		$	1,600		$	1,630

A rollforward of SCC’s equity for 2012 follows (in millions):

	SunGard Capital Corp. stockholders												Noncontrolling interest
	Class L - temporary equity			Class A - temporary equity			Permanent equity			Total			Temporary equity			Permanent equity			Total
Balance at December 31, 2011	$	47		$	6		$	(663	)	$	(610	)	$	28		$	2,038		$	2,066
Net income (loss)		—			—			173			173			—			62			62
Foreign currency translation		—			—			33			33			—			—			—
Net unrealized gain on derivative instruments		—			—			3			3			—			—			—
Comprehensive income (loss)		—			—			209			209			—			62			62
Stock compensation expense		—			—			11			11			—			—			—
Termination of put options due to employee terminations and other		(7	)		(1	)		9			1			(3	)		2			(1	)
Purchase of treasury stock		—			—			(1	)		(1	)		—			(1	)		(1	)
Transfer intrinsic value of vested restricted stock units		3			—			(5	)		(2	)		1			—			1
Other		—			—			(8	)		(8	)		—			1			1
Balance at March 31, 2012	$	43		$	5		$	(448	)	$	(400	)	$	26		$	2,102		$	2,128

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Debt and Derivatives

3 Months Ended

Mar. 31, 2013

Debt and Derivatives

6. Debt and Derivatives:

On January 2, 2013, SunGard repaid a $50 million revolving Credit Advance borrowed under its secured accounts receivable facility.

On March 8, 2013, SunGard amended and restated its senior secured credit agreement (“Credit Agreement”) to, among other things, (i) issue an additional term loan of $2,200 million (“tranche E”) maturing on March 8, 2020, the proceeds of which were used to (a) repay in full the $1,719 million tranche B term loan and (b) repay $481 million of the tranche C term loan; (ii) replace the $880 million of revolving commitments with $850 million of new revolving commitments, which will mature on March 8, 2018; and (iii) modify certain covenants and other provisions in order to, among other things (x) modify (and in the case of the term loan facility, remove) the financial maintenance covenants included therein and (y) permit the Company to direct the net cash proceeds of permitted dispositions otherwise requiring a pro rata prepayment of term loans to the prepayment of specific tranches of term loans at the Company’s sole discretion. The interest rate on tranche E is LIBOR plus 3% with a 1% LIBOR floor, which at March 31, 2013 was 4.00%. SunGard is required to repay installments in quarterly principal amounts of 0.25% of its funded tranche E principal amount through the maturity date, at which time the remaining aggregate principal balance is due. Tranche E and the new revolving commitments are subject to certain springing maturities which are described in the Credit Agreement. As a result of this transaction, the Company incurred a loss on the extinguishment of debt of approximately $5 million.

On March 28, 2013, SunGard voluntarily prepaid $50 million of its tranche A term loan. The related loss on the extinguishment of debt was not material to the Company’s operations, financial position or cash flows.

Debt consisted of the following (in millions):

	December 31, 2012			March 31, 2013
Senior Secured Credit Facilities:
Secured revolving credit facility	$	—		$	—
Tranche A, effective interest rate of 1.96% and 1.95%		207			157
Tranche B, effective interest rate of 4.35%		1,719			—
Tranche C, effective interest rate of 4.17% and 4.41%		908			427
Tranche D, effective interest rate of 4.50% and 4.50%		720			718
Tranche E, effective interest rate of 4.00%		—			2,200
Total Senior Secured Credit Facilities		3,554			3,502
Senior Secured Notes due 2014 at 4.875%, net of discount of $4 and $3		246			247
Senior Notes due 2018 at 7.375%		900			900
Senior Notes due 2020 at 7.625%		700			700
Senior Subordinated Notes due 2019 at 6.625%		1,000			1,000
Secured accounts receivable facility, at 3.71% and 3.70%		250			200
Other, primarily foreign bank debt and capital lease obligations		12			13
Total debt		6,662			6,562
Short-term borrowings and current portion of long-term debt		(63	)		(441	)
Long-term debt	$	6,599		$	6,121

SunGard uses interest rate swap agreements to manage the amount of its floating rate debt in order to reduce its exposure to variable rate interest payments associated with the Credit Agreement. Each swap agreement is designated as a cash flow hedge. SunGard pays a stream of fixed interest payments for the term of the swap, and in turn, receives variable interest payments based on LIBOR. At March 31, 2013, one-month LIBOR was 0.20%. The net receipt or payment from the interest rate swap agreements is included in interest expense. As a result of amending the Credit Agreement and issuing tranche E in March 2013, SunGard settled $500 million of interest rate swaps in March 2013 that were due to mature in May 2013. A summary of the Company’s interest rate swaps at March 31, 2013 follows (in millions):

Inception	Maturity	Notional Amount (in millions)		Interest rate paid			Interest rate received (LIBOR)
August-September 2012	February 2017	$	400		0.69	%	1-Month

The fair values of interest rate swaps designated as cash flow hedging instruments, included in other accrued expenses on the consolidated balance sheets, are $5 million and $1 million as of December 31, 2012 and March 31, 2013, respectively.

The Company has no ineffectiveness related to its swap agreements. The Company expects to reclassify in the next twelve months approximately $2 million from other comprehensive income (loss) into earnings related to the Company’s interest rate swaps based on the borrowing rates at March 31, 2013.

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Fair Value Measurements

3 Months Ended

Mar. 31, 2013

Fair Value Measurements

7. Fair Value Measurements:

The following table summarizes assets and liabilities measured at fair value on a recurring basis at March 31, 2013 (in millions):

	Fair Value Measures Using
	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents—money market funds	$	200	$	—	$	—	$	200
Currency forward contracts		—		8		—		8
Total		200		8		—		208
Liabilities
Interest rate swap agreements	$	—	$	1	$	—	$	1

The following table summarizes assets and liabilities measured at fair value on a recurring basis at December 31, 2012 (in millions):

	Fair Value Measures Using
	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents—money market funds	$	227	$	—	$	—	$	227
Currency forward contracts		—		4		—		4
Total	$	227	$	4	$	—	$	231
Liabilities
Interest rate swap agreements and other	$	—	$	4	$	—	$	4

A Level 1 fair value measure is based upon quoted prices in active markets for identical assets or liabilities. A Level 2 fair value measure is based upon quoted prices for similar assets and liabilities in active markets or inputs that are observable. A Level 3 fair value measure is based upon inputs that are unobservable (for example, cash flow modeling inputs based on assumptions).

Cash and cash equivalents—money market funds are recognized and measured at fair value in the Company’s financial statements. Fair values of the interest rate swap agreements are calculated using a discounted cash flow model using observable applicable market swap rates and assumptions and are compared to market valuations obtained from brokers.

The Company uses currency forward contracts to manage its exposure to fluctuations in costs caused by variations in Indian Rupee (“INR”) and British Pound Sterling (“GBP”) exchange rates. These forward contacts are designated as cash flow hedges. The fair value of these currency forward contracts is determined using currency exchange market rates, obtained from independent, third party banks, at the balance sheet date. This fair value of forward contracts is subject to changes in currency exchange rates. The Company has no ineffectiveness related to its use of currency forward contracts.

The following table presents the carrying amount and estimated fair value of the Company’s debt, including the current portion and excluding the interest rate swaps, as of December 31, 2012 and March 31, 2013 (in millions):

	December 31, 2012				March 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
Floating rate debt	$	3,803	$	3,826	$	3,702	$	3,740
Fixed rate debt		2,859		3,023		2,860		3,018

The fair values of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, to the extent the underlying liability will be settled in cash, approximate carrying values because of the short-term nature of these instruments. The derivative financial instruments are carried at fair value. The fair value of the Company’s floating rate and fixed rate long-term debt (Level 2) is determined using actual market quotes and benchmark yields received from independent vendors.

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Segment Information

3 Months Ended

Mar. 31, 2013

Segment Information

9. Segment Information:

The Company has three reportable segments: FS, AS and PS&E. The Company evaluates the performance of its segments based on Segment Internal Adjusted EBITDA. Segment Internal Adjusted EBITDA, a non-GAAP measure, is defined as operating income before the following items:

• depreciation and amortization,

• amortization of acquisition-related intangible assets,

• goodwill impairment,

• severance and facility closure charges,

• stock compensation,

• management fees, and

• certain other costs.

While these charges may be recurring, management excludes them in order to better analyze the segment results and evaluate the segment performance. This analysis is used extensively by management and is also used to communicate the segment results to the Company’s board of directors. In addition, management reviews Internal Adjusted EBITDA and Segment Internal Adjusted EBITDA on a constant currency basis, especially when comparing to the prior year results. While Internal Adjusted EBITDA and Segment Internal Adjusted EBITDA are useful for analysis purposes, they should not be considered as alternatives to the Company’s reported GAAP results. Also, Internal Adjusted EBITDA and Segment Internal Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. Internal Adjusted EBITDA and Segment Internal Adjusted EBITDA are similar, but not identical, to adjusted EBITDA as defined in the Credit Agreement for purposes of SunGard’s debt covenants. The operating results apply to each of SCC, SCCII and SunGard unless otherwise noted. The operating results for the three months ended March 31, 2013 for each segment follow (in millions):

Three Months Ended March 31, 2013	FS			AS			PS&E			Sum of segments
Revenue	$	600		$	345		$	50		$	995
Internal Adjusted EBITDA		130			105			14			249
Internal Adjusted EBITDA margin		21.6	%		30.5	%		29.1	%		25.1	%
Year to year revenue change		(3	)%		(3	)%		(1	)%		(3	)%
Year to year Internal Adjusted EBITDA change		3	%		(6	)%		(12	)%		(2	)%
Year to year revenue change at constant currency		(3	)%		(3	)%		(1	)%		(3	)%
Year to year Internal Adjusted EBITDA change at constant currency		2	%		(6	)%		(12	)%		(3	)%

Reconciliation of Segment Internal Adjusted EBITDA to income (loss) from continuing operations before income taxes:

	2013
Internal Adjusted EBITDA (sum of segments)	$	249
Corporate		(13	)
Depreciation (1)		(73	)
Amortization of acquisition-related intangible assets		(87	)
Severance and facility closure costs		(3	)
Stock compensation expense		(11	)
Management fees		(2	)
Other costs (included in operating income)		(4	)
Interest expense, net		(108	)
Loss on extinguishment of debt		(5	)
Other income (expense)		1
Income (loss) from continuing operations before income tax	$	(56	)

Depreciation and amortization and capital expenditures by segment follow (in  millions):

Three Months Ended March 31, 2013	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	21	$	23	$	2	$	46	$	—	$	46
Depreciation(1)		22		49		2		73		—		73
Amortization of acquisition-related intangible assets		44		39		4		87		—		87

The operating results for the three months ended March 31, 2012 for each  segment follow (in millions):

Three Months Ended March 31, 2012	FS			AS			PS&E			Sum of segments
Revenue	$	618		$	355		$	51		$	1,024
Internal Adjusted EBITDA		126			113			16			255
Internal Adjusted EBITDA margin		20.4	%		31.7	%		32.7	%		24.9	%
Reconciliation of Internal Adjusted EBITDA to income (loss) from continuing operations before income taxes:

	2012
Internal Adjusted EBITDA (sum of segments)	$	255
Corporate		(14	)
Depreciation(1)		(71	)
Amortization of acquisition-related intangible assets		(101	)
Severance and facility closure costs		(2	)
Stock compensation expense		(11	)
Management fees		(2	)
Other costs (included in operating income)		(2	)
Interest expense, net		(122	)
Loss on extinguishment of debt		(15	)
Other income (expense)		2
Income (loss) from continuing operations before income tax	$	(83	)

Depreciation and amortization and capital expenditures by segment follow (in  millions):

Three Months Ended March 31, 2012	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	20	$	38	$	2	$	60	$	—	$	60
Depreciation(1)		21		48		2		71		—		71
Amortization of acquisition-related intangible assets		53		43		5		101		—		101

⁽¹⁾  Includes amortization of capitalized software.

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Changes in Goodwill by Reportable Segment (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2013 Goodwill, Gross	Mar. 31, 2013 Goodwill, Gross Financial Systems	Mar. 31, 2013 Goodwill, Gross Availability Services	Mar. 31, 2013 Goodwill, Gross Public Sector and Education	Dec. 31, 2012 Goodwill, Gross Public Sector and Education	Mar. 31, 2013 Accumulated Impairment	Dec. 31, 2012 Accumulated Impairment	Mar. 31, 2013 Accumulated Impairment Availability Services	Dec. 31, 2012 Accumulated Impairment Availability Services	Mar. 31, 2013 Accumulated Impairment Public Sector and Education	Dec. 31, 2012 Accumulated Impairment Public Sector and Education
Goodwill [Line Items]
Beginning Balance	$ 4,539	$ 6,303	$ 3,516	$ 2,243	$ 544	$ 544	$ (1,764)	$ (1,764)	$ (1,547)	$ (1,547)	$ (217)	$ (217)
Effect of foreign currency translation	(33)	(33)	(21)	(12)
Other	(1)	(1)	(1)
Ending Balance	$ 4,505	$ 6,269	$ 3,494	$ 2,231	$ 544	$ 544	$ (1,764)	$ (1,764)	$ (1,547)	$ (1,547)	$ (217)	$ (217)

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Supplemental Condensed Consolidating Balance Sheet (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012
Current:
Cash and cash equivalents	$ 537		$ 546
Total current assets	1,559		1,676
Property and equipment, net	835		874
Goodwill	4,505		4,539
Total Assets	9,742		10,018
Current:
Short-term and current portion of long-term debt	441		63
Total current liabilities	1,823		1,507
Long-term debt	6,121		6,599
Deferred and other income taxes	1,096		1,127
Other long-term liabilities	96		95
Total liabilities	9,136		9,328
Total stockholder's equity	(1,078)		(961)
Total Liabilities and Stockholder's Equity	9,742		10,018
Parent
Current:
Cash and cash equivalents	173		220
Trade receivables, net	7		3
Prepaid expenses, taxes and other current assets	1,361		1,312
Total current assets	1,541		1,535
Intangible assets, net	116		112
Deferred income taxes	37		39
Intercompany balances	248		254
Investment in subsidiaries	8,607		8,620
Total Assets	10,549		10,560
Current:
Short-term and current portion of long-term debt	434		57
Intercompany balances	3,292		3,199
Accounts payable and other current liabilities	103		70
Total current liabilities	3,829		3,326
Long-term debt	5,915		6,343
Intercompany debt	83		83
Deferred and other income taxes	91		92
Total liabilities	9,918		9,844
Total stockholder's equity	631		716
Total Liabilities and Stockholder's Equity	10,549		10,560
Guarantor Subsidiaries
Current:
Cash and cash equivalents	(2)		(3)
Intercompany balances	2,588		2,457
Trade receivables, net	515	[1]	566	[2]
Prepaid expenses, taxes and other current assets	81		70
Total current assets	3,182		3,090
Property and equipment, net	555		574
Intangible assets, net	2,347		2,413
Intercompany balances	6		7
Goodwill	3,468		3,470
Investment in subsidiaries	2,056		2,101
Total Assets	11,614		11,655
Current:
Accounts payable and other current liabilities	1,984		1,983
Total current liabilities	1,984		1,983
Long-term debt	2		2
Deferred and other income taxes	978		1,000
Other long-term liabilities	43		50
Total liabilities	3,007		3,035
Total stockholder's equity	8,607		8,620
Total Liabilities and Stockholder's Equity	11,614		11,655
Non-Guarantor Subsidiaries
Current:
Cash and cash equivalents	366		329
Intercompany balances	704		742
Trade receivables, net	243		331
Prepaid expenses, taxes and other current assets	112		89
Total current assets	1,425		1,491
Property and equipment, net	280		300
Intangible assets, net	380		404
Intercompany balances	77		76
Goodwill	1,037		1,069
Total Assets	3,199		3,340
Current:
Short-term and current portion of long-term debt	7		6
Accounts payable and other current liabilities	595		632
Total current liabilities	602		638
Long-term debt	204		254
Intercompany debt	248		254
Deferred and other income taxes	55		67
Other long-term liabilities	34		26
Total liabilities	1,143		1,239
Total stockholder's equity	2,056		2,101
Total Liabilities and Stockholder's Equity	3,199		3,340
Eliminations
Current:
Intercompany balances	(3,292)		(3,199)
Prepaid expenses, taxes and other current assets	(1,301)		(1,241)
Total current assets	(4,593)		(4,440)
Deferred income taxes	(37)		(39)
Intercompany balances	(331)		(337)
Investment in subsidiaries	(10,663)		(10,721)
Total Assets	(15,624)		(15,537)
Current:
Intercompany balances	(3,292)		(3,199)
Accounts payable and other current liabilities	(1,301)		(1,241)
Total current liabilities	(4,593)		(4,440)
Intercompany debt	(331)		(337)
Deferred and other income taxes	(37)		(39)
Total liabilities	(4,961)		(4,816)
Total stockholder's equity	(10,663)		(10,721)
Total Liabilities and Stockholder's Equity	(15,624)		(15,537)
SunGard Data Systems Inc.
Current:
Cash and cash equivalents	537		546
Trade receivables, net	765		900
Prepaid expenses, taxes and other current assets	253		230
Total current assets	1,555		1,676
Property and equipment, net	835		874
Intangible assets, net	2,843		2,929
Goodwill	4,505		4,539
Total Assets	9,738		10,018
Current:
Short-term and current portion of long-term debt	441		63
Accounts payable and other current liabilities	1,381		1,444
Total current liabilities	1,822		1,507
Long-term debt	6,121		6,599
Deferred and other income taxes	1,087		1,120
Other long-term liabilities	77		76
Total liabilities	9,107		9,302
Total stockholder's equity	631		716
Total Liabilities and Stockholder's Equity	$ 9,738		$ 10,018

[1] This balance is primarily comprised of a receivable from the Company's AR Financing LLC subsidiary, which is a non-Guarantor, resulting from the normal, recurring sale of accounts receivable under the receivables facility. In a liquidation, the first $200 million (plus interest) of collections of accounts receivable sold to this subsidiary are due to the receivables facility lender. The remaining balance would be available for collection for the benefit of the Guarantors.

[2] This balance is primarily comprised of a receivable from the Company's AR Financing LLC subsidiary, which is a non-Guarantor, resulting from the normal, recurring sale of accounts receivable under the receivables facility. In a liquidation, the first $250 million (plus interest) of collections of accounts receivable sold to this subsidiary are due to the receivables facility lender. The remaining balance would be available for collection for the benefit of the Guarantors.

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Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2013

Results For Discontinued Operations

The results for the discontinued operations for the three months ended March 31, 2012 and 2013 were as follows (in millions):

	Three Months Ended
	March 31, 2012			March 31, 2013
Revenue	$	37		$	—
Operating income (loss)		(3	)		—
Gain on sale of business		563			—
Income (loss) before income taxes		560			—
Benefit from (provision for) income taxes		(249	)		—
Income (loss) from discontinued operations	$	311		$	—

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Equity (Tables)

3 Months Ended

Mar. 31, 2013

Rollforward of SCC's Equity

A rollforward of SCC’s equity for 2013 follows (in millions):

	SunGard Capital Corp. stockholders											Noncontrolling interest
	Class L - temporary equity			Class A - temporary equity		Permanent equity			Total			Temporary equity			Permanent equity			Total
Balance at December 31, 2012	$	45		$	5	$	(961	)	$	(911	)	$	26		$	1,575		$	1,601
Net income (loss)		—			—		(72	)		(72	)		—			25			25
Foreign currency translation		—			—		(46	)		(46	)		—			—			—
Net unrealized gain on derivative instruments		—			—		2			2			—			—			—
Comprehensive income (loss)		—			—		(116	)		(116	)		—			25			25
Stock compensation expense		—			—		11			11			—			—			—
Termination of put options due to employee terminations and other		(3	)		—		3			—			(1	)		2			1
Purchase of treasury stock		—			—		(1	)		(1	)		—			(2	)		(2	)
Transfer intrinsic value of vested restricted stock units		7			—		(12	)		(5	)		5			—			5
Other		—			—		(2	)		(2	)		—			—			—
Balance at March 31, 2013	$	49		$	5	$	(1,078	)	$	(1,024	)	$	30		$	1,600		$	1,630

A rollforward of SCC’s equity for 2012 follows (in millions):

	SunGard Capital Corp. stockholders												Noncontrolling interest
	Class L - temporary equity			Class A - temporary equity			Permanent equity			Total			Temporary equity			Permanent equity			Total
Balance at December 31, 2011	$	47		$	6		$	(663	)	$	(610	)	$	28		$	2,038		$	2,066
Net income (loss)		—			—			173			173			—			62			62
Foreign currency translation		—			—			33			33			—			—			—
Net unrealized gain on derivative instruments		—			—			3			3			—			—			—
Comprehensive income (loss)		—			—			209			209			—			62			62
Stock compensation expense		—			—			11			11			—			—			—
Termination of put options due to employee terminations and other		(7	)		(1	)		9			1			(3	)		2			(1	)
Purchase of treasury stock		—			—			(1	)		(1	)		—			(1	)		(1	)
Transfer intrinsic value of vested restricted stock units		3			—			(5	)		(2	)		1			—			1
Other		—			—			(8	)		(8	)		—			1			1
Balance at March 31, 2012	$	43		$	5		$	(448	)	$	(400	)	$	26		$	2,102		$	2,128

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Related Party Transactions - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Management Fees | Selling, General and Administrative Expenses
Related Party Transaction [Line Items]
Related party transactions, expenses	$ 2.0	$ 2.0
Related party transactions, accrued expenses	2		4
Management Fees | Segment, Discontinued Operations | Sun Gard's HE Business
Related Party Transaction [Line Items]
Related party transactions, expenses		17.8
Customary fees and expenses | Amended and Restated Credit Agreement
Related Party Transaction [Line Items]
Related party transactions, expenses	$ 1.0	$ 1.0

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Interest Rate Swaps (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Derivative [Line Items]
Maturity	2013-05
Interest Rate Swap | Derivative Instrument 1
Derivative [Line Items]
Maturity	2017-02
Notional Amount	400
Interest rate paid	0.69%
Interest rate received (LIBOR)	1 month
Interest Rate Swap | Minimum | Derivative Instrument 1
Derivative [Line Items]
Inception	2012-08
Interest Rate Swap | Maximum | Derivative Instrument 1
Derivative [Line Items]
Inception	2012-09

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Consolidated Statements of Comprehensive Income (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Income attributable to the noncontrolling interest, temporary equity

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Discontinued Operations

3 Months Ended

Mar. 31, 2013

Discontinued Operations

3. Discontinued Operations:

In January 2012, the Company sold its Higher Education (“HE”) business and used the net cash proceeds (as defined in its senior secured credit agreement) of $1,222 million, which is the gross transaction value of $1,775 million less applicable taxes and fees, to repay a pro-rata portion of its outstanding term loans. In July 2012, the Company sold its FS subsidiary SunGard Global Services France for gross proceeds of €14 million. The results for discontinued operations have been represented for the three months ended March 31, 2012 to show the impact of these sales.

The results for the discontinued operations for the three months ended March 31, 2012 and 2013 were as follows (in millions):

	Three Months Ended
	March 31, 2012			March 31, 2013
Revenue	$	37		$	—
Operating income (loss)		(3	)		—
Gain on sale of business		563			—
Income (loss) before income taxes		560			—
Benefit from (provision for) income taxes		(249	)		—
Income (loss) from discontinued operations	$	311		$	—

In the first quarter of 2012, the Company recorded a $563 million pre-tax gain on the sale of the HE business.

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Operating Results

The operating results for the three months ended March 31, 2013 for each segment follow (in millions):

Three Months Ended March 31, 2013	FS			AS			PS&E			Sum of segments
Revenue	$	600		$	345		$	50		$	995
Internal Adjusted EBITDA		130			105			14			249
Internal Adjusted EBITDA margin		21.6	%		30.5	%		29.1	%		25.1	%
Year to year revenue change		(3	)%		(3	)%		(1	)%		(3	)%
Year to year Internal Adjusted EBITDA change		3	%		(6	)%		(12	)%		(2	)%
Year to year revenue change at constant currency		(3	)%		(3	)%		(1	)%		(3	)%
Year to year Internal Adjusted EBITDA change at constant currency		2	%		(6	)%		(12	)%		(3	)%

        The operating results for the three months ended March 31, 2012 for each  segment follow (in millions):

Three Months Ended March 31, 2012	FS			AS			PS&E			Sum of segments
Revenue	$	618		$	355		$	51		$	1,024
Internal Adjusted EBITDA		126			113			16			255
Internal Adjusted EBITDA margin		20.4	%		31.7	%		32.7	%		24.9	%

Reconciliation of Segment Internal Adjusted EBITDA to Income Loss from Continuing Operations Before Income Taxes

Reconciliation of Segment Internal Adjusted EBITDA to income (loss) from continuing operations before income taxes:

	2013
Internal Adjusted EBITDA (sum of segments)	$	249
Corporate		(13	)
Depreciation (1)		(73	)
Amortization of acquisition-related intangible assets		(87	)
Severance and facility closure costs		(3	)
Stock compensation expense		(11	)
Management fees		(2	)
Other costs (included in operating income)		(4	)
Interest expense, net		(108	)
Loss on extinguishment of debt		(5	)
Other income (expense)		1
Income (loss) from continuing operations before income tax	$	(56	)

Reconciliation of Internal Adjusted EBITDA to income (loss) from continuing operations before income taxes:

	2012
Internal Adjusted EBITDA (sum of segments)	$	255
Corporate		(14	)
Depreciation(1)		(71	)
Amortization of acquisition-related intangible assets		(101	)
Severance and facility closure costs		(2	)
Stock compensation expense		(11	)
Management fees		(2	)
Other costs (included in operating income)		(2	)
Interest expense, net		(122	)
Loss on extinguishment of debt		(15	)
Other income (expense)		2
Income (loss) from continuing operations before income tax	$	(83	)

Depreciation and Amortization and Capital Expenditures by Segment

Depreciation and amortization and capital expenditures by segment follow (in  millions):

Three Months Ended March 31, 2013	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	21	$	23	$	2	$	46	$	—	$	46
Depreciation(1)		22		49		2		73		—		73
Amortization of acquisition-related intangible assets		44		39		4		87		—		87

Depreciation and amortization and capital expenditures by segment follow (in  millions):

Three Months Ended March 31, 2012	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	20	$	38	$	2	$	60	$	—	$	60
Depreciation(1)		21		48		2		71		—		71
Amortization of acquisition-related intangible assets		53		43		5		101		—		101

⁽¹⁾  Includes amortization of capitalized software.

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Debt and Derivatives - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended			1 Months Ended			1 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012	Jan. 31, 2013 Accounts Receivable Facilities	Mar. 31, 2013 Tranche A Senior Secured Credit Facility	Mar. 31, 2013 One Month Libor	Mar. 31, 2013 Refinancing of Debt	Mar. 31, 2013 Refinancing of Debt Tranche E	Mar. 31, 2013 Refinancing of Debt Tranche B	Mar. 31, 2013 Refinancing of Debt Tranche C	Mar. 31, 2013 Refinancing of Debt Revolving Credit Facility	Mar. 08, 2013 Refinancing of Debt Revolving Credit Facility	Mar. 31, 2013 Refinancing of Debt LIBOR Rate	Mar. 31, 2013 Refinancing of Debt Libor Floor Rate
Debt Instrument [Line Items]
Payment of revolving commitment of secured accounts receivable facility				$ 50
Proceeds from term loan	2,174	(19)						2,200
Credit Facility, maturity date								Mar. 08, 2020
Cash used to repay debt	2,302	1,225							1,719	481
Revolving credit, maximum borrowing capacity							850
Line of Credit Facility, outstanding balance												880
Debt instrument, maturity date											Mar. 08, 2018
Variable interest rate over base rate													3.00%	1.00%
Libor plus interest rate on term loan							4.00%
Required quarterly principal repayment, as a percentage of funded total principal amount							0.25%
Loss on extinguishment of debt	(5)	(15)					5
Repayment of term loan					50
Interest rate received						0.20%
Settlement of interest rate swaps	500
Maturity of interest rate swaps agreement	2013-05
Cash flow hedging instruments	1		5
Interest rate swaps, amount expected to be reclassified from OCI into earnings in the next twelve months	$ 2

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Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2013

Recent Accounting Pronouncements

Recent Accounting Pronouncements

On July 27, 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. The Update simplifies the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. Examples of intangible assets subject to the guidance include indefinite-lived trademarks, licenses, and distribution rights. The amendment allows an organization the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. An organization electing to perform a qualitative assessment is no longer required to calculate the fair value of an indefinite-lived intangible asset unless the organization determines, based on a qualitative assessment, that it is “more likely than not” that the asset is impaired. Under former guidance, an organization was required to test an indefinite-lived intangible asset for impairment on at least an annual basis by comparing the fair value of the asset with its carrying amount. If the carrying amount of an indefinite-lived intangible asset exceeded its fair value, an impairment loss was recognized in an amount equal to the difference. The amendments in this Update are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company has not yet adopted this Update and has used the former, more extensive testing during its 2012 impairment tests. The Company intends to evaluate the Update as it performs its 2013 impairment review in the third quarter.