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 June 30, 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 June 30, 2013:

SunGard Capital Corp.	256,898,592 shares of Class A common stock and 28,544,288 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:		2
SunGard Capital Corp.
	Consolidated Balance Sheets as of December 31, 2012 and June 30, 2013 (unaudited)		2
	Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2012 and 2013 (unaudited)		3
	Consolidated Statements of Cash Flows for the six months ended June 30, 2012 and 2013 (unaudited)		4
SunGard Capital Corp. II
	Consolidated Balance Sheets as of December 31, 2012 and June 30, 2013 (unaudited)		5
	Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2012 and 2013 (unaudited)		6
	Consolidated Statements of Cash Flows for the six months ended June 30, 2012 and 2013 (unaudited)		7
SunGard Data Systems Inc.
	Consolidated Balance Sheets as of December 31, 2012 and June 30, 2013 (unaudited)		8
	Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2012 and 2013 (unaudited)		9
	Consolidated Statements of Cash Flows for the six months ended June 30, 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		29
Item 3.	Quantitative and Qualitative Disclosures about Market Risk		38
Item 4.	Controls and Procedures		38
PART II.	OTHER INFORMATION		39
Item 1.	Legal Proceedings		39
Item 1A.	Risk Factors		39
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		39
Item 3.	Defaults upon Senior Securities		39
Item 4.	Mine Safety Disclosures		39
Item 5.	Other Information		39
Item 6.	Exhibits		39
SIGNATURES			40

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			June 30, 2013
Assets
Current:
Cash and cash equivalents	$	546		$	538
Trade receivables, less allowance for doubtful accounts of $30 and $32		781			624
Earned but unbilled receivables		119			120
Prepaid expenses and other current assets		230			238
Total current assets		1,676			1,520
Property and equipment, less accumulated depreciation of $1,509 and $1,609		874			815
Software products, less accumulated amortization of $1,649 and $1,735		411			345
Customer base, less accumulated amortization of $1,481 and $1,579		1,367			1,253
Other intangible assets, less accumulated amortization of $27 and $23		132			134
Trade name		1,019			1,019
Goodwill		4,539			4,510
Total Assets	$	10,018		$	9,596
Liabilities and Equity
Current:
Short-term and current portion of long-term debt	$	63		$	392
Accounts payable		32			33
Accrued compensation and benefits		297			218
Accrued interest expense		41			40
Other accrued expenses		238			207
Deferred revenue		836			803
Total current liabilities		1,507			1,693
Long-term debt		6,599			6,114
Deferred and other income taxes		1,127			1,057
Other long-term liabilities		95			112
Total liabilities		9,328			8,976
Commitments and contingencies
Noncontrolling interest in preferred stock of SCCII subject to a put option		26			31
Class L common stock subject to a put option		45			49
Class A common stock subject to a put option		5			4
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 $6,590 million; 50,000,000 shares authorized, 29,027,610 and 29,062,421 shares issued		—			—
Class A common stock, par value $.001 per share; 550,000,000 shares authorized, 261,251,822 and 261,565,117 shares issued		—			—
Capital in excess of par value		2,483			2,483
Treasury stock, 541,886 and 518,133 shares of Class L common stock; and 4,880,305 and 4,666,525 shares of Class A common stock		(50	)		(47	)
Accumulated deficit		(3,391	)		(3,495	)
Accumulated other comprehensive income (loss)		(3	)		(51	)
Total SunGard Capital Corp stockholders’ equity (deficit)		(961	)		(1,110	)
Noncontrolling interest in preferred stock of SCCII		1,575			1,646
Total equity		614			536
Total Liabilities and Equity	$	10,018		$	9,596

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 June 30,						Six Months Ended June 30,
	2012			2013			2012			2013
Revenue:
Services	$	973		$	944		$	1,947		$	1,893
License and resale fees		84			68			115			101
Total products and services		1,057			1,012			2,062			1,994
Reimbursed expenses		15			16			34			29
Total revenue		1,072			1,028			2,096			2,023
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)		433			424			886			861
Sales, marketing and administration		261			242			514			484
Product development and maintenance		103			89			197			189
Depreciation		70			76			141			149
Amortization of acquisition-related intangible assets		100			86			201			173
Total costs and expenses		967			917			1,939			1,856
Operating income (loss)		105			111			157			167
Interest expense and amortization of deferred financing fees		(101	)		(98	)		(223	)		(206	)
Loss on extinguishment of debt		(36	)		—			(51	)		(5	)
Other income (expense)		—			(2	)		2			(1	)
Income (loss) from continuing operations before income taxes		(32	)		11			(115	)		(45	)
Benefit from (provision for) income taxes		24			4			31			13
Income (loss) from continuing operations		(8	)		15			(84	)		(32	)
Income (loss) from discontinued operations, net of tax		—			—			311			—
Net income (loss)		(8	)		15			227			(32	)
Income attributable to the noncontrolling interest (including $- million, $1 million, $- million and $1 million in temporary equity)		(60	)		(47	)		(122	)		(72	)
Net income (loss) attributable to SunGard Capital Corp		(68	)		(32	)		105			(104	)
Other Comprehensive income (loss):
Foreign currency translation, net		(44	)		2			(11	)		(44	)
Unrealized gain (loss) on derivative instruments, net of tax		3			(1	)		6			1
Other, net of tax		—			(5	)		—			(5	)
Other Comprehensive income (loss), net of tax		(41	)		(4	)		(5	)		(48	)
Comprehensive income (loss)		(49	)		11			222			(80	)
Comprehensive income (loss) attributable to the noncontrolling interest		(60	)		(47	)		(122	)		(72	)
Comprehensive income (loss) attributable to SunGard Capital Corp	$	(109	)	$	(36	)	$	100		$	(152	)

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

3

SunGard Capital Corp.

Consolidated Statements of Cash Flows

(In millions)

(Unaudited)

	Six Months Ended June 30,
	2012			2013
Cash flow from operations:
Net income (loss)	$	227		$	(32	)
Income (loss) from discontinued operations		311			—
Income (loss) from continuing operations		(84	)		(32	)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization		342			322
Deferred income tax provision (benefit)		14			(73	)
Stock compensation expense		20			23
Amortization of deferred financing costs and debt discount		19			24
Loss on extinguishment of debt		51			5
Other noncash items		(1	)		2
Accounts receivable and other current assets		110			130
Accounts payable and accrued expenses		(203	)		(80	)
Deferred revenue		(45	)		(17	)
Cash flow from (used in) continuing operations		223			304
Cash flow from (used in) discontinued operations		(237	)		—
Cash flow from (used in) operations		(14	)		304
Investment activities:
Cash paid for acquired businesses, net of cash acquired		(9	)		(1	)
Cash paid for property and equipment, and software		(115	)		(101	)
Other investing activities		3			1
Cash provided by (used in) continuing operations		(121	)		(101	)
Cash provided by (used in) discontinued operations		1,742			—
Cash provided by (used in) investment activities		1,621			(101	)
Financing activities:
Cash received from borrowings, net of fees		(17	)		2,173
Cash used to repay debt		(1,725	)		(2,359	)
Premium paid to retire debt		(27	)		—
Cash used to purchase treasury stock		(8	)		(6	)
Other financing activities		(7	)		(7	)
Cash provided by (used in) continuing operations		(1,784	)		(199	)
Cash provided by (used in) discontinued operations		—			—
Cash provided by (used in) financing activities		(1,784	)		(199	)
Effect of exchange rate changes on cash		3			(12	)
Increase (decrease) in cash and cash equivalents		(174	)		(8	)
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, $-	$	699		$	538
Supplemental information:
Interest paid	$	228		$	183
Income taxes paid, net of refunds of $5 million and $4 million, respectively	$	279		$	52

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			June 30, 2013
Assets
Current:
Cash and cash equivalents	$	546		$	538
Trade receivables, less allowance for doubtful accounts of $30 and $32		781			624
Earned but unbilled receivables		119			120
Prepaid expenses and other current assets		230			238
Total current assets		1,676			1,520
Property and equipment, less accumulated depreciation of $1,509 and $1,609		874			815
Software products, less accumulated amortization of $1,649 and $1,735		411			345
Customer base, less accumulated amortization of $1,481 and $1,579		1,367			1,253
Other intangible assets, less accumulated amortization of $27 and $23		132			134
Trade name		1,019			1,019
Goodwill		4,539			4,510
Total Assets	$	10,018		$	9,596
Liabilities and Stockholders’ Equity
Current:
Short-term and current portion of long-term debt	$	63		$	392
Accounts payable		32			33
Accrued compensation and benefits		297			218
Accrued interest expense		41			40
Other accrued expenses		235			206
Deferred revenue		836			803
Total current liabilities		1,504			1,692
Long-term debt		6,599			6,114
Deferred and other income taxes		1,127			1,057
Other long-term liabilities		76			93
Total liabilities		9,306			8,956
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 $1,655 million; 14,999,000 shares authorized, 10,048,018 and 10,060,069 issued		—			—
Common stock, par value $.001 per share; 1,000 shares authorized, 100 shares issued and outstanding		—			—
Capital in excess of par value		3,492			3,495
Treasury stock, 187,576 and 179,354 shares		(30	)		(28	)
Accumulated deficit		(2,771	)		(2,803	)
Accumulated other comprehensive income (loss)		(3	)		(51	)
Total stockholders’ equity		688			613
Total Liabilities and Stockholders’ Equity	$	10,018		$	9,596

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 June 30,						Six Months Ended June 30,
	2012			2013			2012			2013
Revenue:
Services	$	973		$	944		$	1,947		$	1,893
License and resale fees		84			68			115			101
Total products and services		1,057			1,012			2,062			1,994
Reimbursed expenses		15			16			34			29
Total revenue		1,072			1,028			2,096			2,023
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)		433			424			886			861
Sales, marketing and administration		261			242			514			484
Product development and maintenance		103			89			197			189
Depreciation		70			76			141			149
Amortization of acquisition-related intangible assets		100			86			201			173
Total costs and expenses		967			917			1,939			1,856
Operating income (loss)		105			111			157			167
Interest expense and amortization of deferred financing fees		(101	)		(98	)		(223	)		(206	)
Loss on extinguishment of debt		(36	)		—			(51	)		(5	)
Other income (expense)		—			(2	)		2			(1	)
Income (loss) from continuing operations before income taxes		(32	)		11			(115	)		(45	)
Benefit from (provision for) income taxes		24			4			31			13
Income (loss) from continuing operations		(8	)		15			(84	)		(32	)
Income (loss) from discontinued operations, net of tax		—			—			311			—
Net income (loss)		(8	)		15			227			(32	)
Other Comprehensive income (loss):
Foreign currency translation, net		(44	)		2			(11	)		(44	)
Unrealized gain (loss) on derivative instruments, net of tax		3			(1	)		6			1
Other, net of tax		—			(5	)		—			(5	)
Other Comprehensive income (loss), net of tax	$	(49	)	$	11		$	222		$	(80	)

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)

	Six Months Ended June 30,
	2012			2013
Cash flow from operations:
Net income (loss)	$	227		$	(32	)
Income (loss) from discontinued operations		311			—
Income (loss) from continuing operations		(84	)		(32	)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization		342			322
Deferred income tax provision (benefit)		14			(73	)
Stock compensation expense		20			23
Amortization of deferred financing costs and debt discount		19			24
Loss on extinguishment of debt		51			5
Other noncash items		(1	)		2
Accounts receivable and other current assets		110			130
Accounts payable and accrued expenses		(203	)		(78	)
Deferred revenue		(45	)		(17	)
Cash flow from (used in) continuing operations		223			306
Cash flow from (used in) discontinued operations		(237	)		—
Cash flow from (used in) operations		(14	)		306
Investment activities:
Cash paid for acquired businesses, net of cash acquired		(9	)		(1	)
Cash paid for property and equipment, and software		(115	)		(101	)
Other investing activities		3			1
Cash provided by (used in) continuing operations		(121	)		(101	)
Cash provided by (used in) discontinued operations		1,742			—
Cash used in investment activities		1,621			(101	)
Financing activities:
Cash received from borrowings, net of fees		(17	)		2,173
Cash used to repay debt		(1,725	)		(2,359	)
Premium paid to retire debt		(27	)		—
Cash used to purchase treasury stock		(4	)		(2	)
Other financing activities		(11	)		(13	)
Cash provided by (used in) continuing operations		(1,784	)		(201	)
Cash provided by (used in) discontinued operations		—			—
Cash provided by (used in) financing activities		(1,784	)		(201	)
Effect of exchange rate changes on cash		3			(12	)
Increase (decrease) in cash and cash equivalents		(174	)		(8	)
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, $-	$	699		$	538
Supplemental information:
Interest paid	$	228		$	183
Income taxes paid, net of refunds of $5 million and $4 million, respectively	$	279		$	52

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			June 30, 2013
Assets
Current:
Cash and cash equivalents	$	546		$	538
Trade receivables, less allowance for doubtful accounts of $30 and $32		781			624
Earned but unbilled receivables		119			120
Prepaid expenses and other current assets		230			238
Total current assets		1,676			1,520
Property and equipment, less accumulated depreciation of $1,509 and $1,609		874			815
Software products, less accumulated amortization of $1,649 and $1,735		411			345
Customer base, less accumulated amortization of $1,481 and $1,579		1,367			1,253
Other intangible assets, less accumulated amortization of $27 and $23		132			134
Trade name		1,019			1,019
Goodwill		4,539			4,510
Total Assets	$	10,018		$	9,596
Liabilities and Stockholders’ Equity
Current:
Short-term and current portion of long-term debt	$	63		$	392
Accounts payable		32			33
Accrued compensation and benefits		297			218
Accrued interest expense		41			40
Other accrued expenses		238			209
Deferred revenue		836			803
Total current liabilities		1,507			1,695
Long-term debt		6,599			6,114
Deferred and other income taxes		1,120			1,050
Other long-term liabilities		76			93
Total liabilities		9,302			8,952
Commitments and contingencies
Stockholder’s equity:
Common stock, par value $.01 per share; 100 shares authorized, issued and outstanding		—			—
Capital in excess of par value		3,490			3,498
Accumulated deficit		(2,771	)		(2,803	)
Accumulated other comprehensive income (loss)		(3	)		(51	)
Total stockholder’s equity		716			644
Total Liabilities and Stockholder’s Equity	$	10,018		$	9,596

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 June 30,						Six Months Ended June 30,
	2012			2013			2012			2013
Revenue:
Services	$	973		$	944		$	1,947		$	1,893
License and resale fees		84			68			115			101
Total products and services		1,057			1,012			2,062			1,994
Reimbursed expenses		15			16			34			29
Total revenue		1,072			1,028			2,096			2,023
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)		433			424			886			861
Sales, marketing and administration		261			242			514			484
Product development and maintenance		103			89			197			189
Depreciation		70			76			141			149
Amortization of acquisition-related intangible assets		100			86			201			173
Total costs and expenses		967			917			1,939			1,856
Operating income (loss)		105			111			157			167
Interest expense and amortization of deferred financing fees		(101	)		(98	)		(223	)		(206	)
Loss on extinguishment of debt		(36	)		—			(51	)		(5	)
Other income (expense)		—			(2	)		2			(1	)
Income (loss) from continuing operations before income taxes		(32	)		11			(115	)		(45	)
Benefit from (provision for) income taxes		24			4			31			13
Income (loss) from continuing operations		(8	)		15			(84	)		(32	)
Income (loss) from discontinued operations, net of tax		—			—			311			—
Net income (loss)		(8	)		15			227			(32	)
Other Comprehensive income (loss):
Foreign currency translation, net		(44	)		2			(11	)		(44	)
Unrealized gain (loss) on derivative instruments, net of tax		3			(1	)		6			1
Other, net of tax		—			(5	)		—			(5	)
Comprehensive income (loss)	$	(49	)	$	11		$	222		$	(80	)

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)

	Six Months Ended June 30,
	2012			2013
Cash flow from operations:
Net income (loss)	$	227		$	(32	)
Income (loss) from discontinued operations		311			—
Income (loss) from continuing operations		(84	)		(32	)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization		342			322
Deferred income tax provision (benefit)		14			(73	)
Stock compensation expense		20			23
Amortization of deferred financing costs and debt discount		19			24
Loss on extinguishment of debt		51			5
Other noncash items		(1	)		2
Accounts receivable and other current assets		110			130
Accounts payable and accrued expenses		(203	)		(78	)
Deferred revenue		(45	)		(17	)
Cash flow from (used in) continuing operations		223			306
Cash flow from (used in) discontinued operations		(237	)		—
Cash flow from (used in) operations		(14	)		306
Investment activities:
Cash paid for acquired businesses, net of cash acquired		(9	)		(1	)
Cash paid for property and equipment, and software		(115	)		(101	)
Other investing activities		3			1
Cash provided by (used in) continuing operations		(121	)		(101	)
Cash provided by (used in) discontinued operations		1,742			—
Cash used in investment activities		1,621			(101	)
Financing activities:
Cash received from borrowings, net of fees		(17	)		2,173
Cash used to repay debt		(1,725	)		(2,359	)
Premium paid to retire debt		(27	)		—
Other financing activities		(15	)		(15	)
Cash provided by (used in) continuing operations		(1,784	)		(201	)
Cash provided by (used in) discontinued operations		—			—
Cash provided by (used in) financing activities		(1,784	)		(201	)
Effect of exchange rate changes on cash		3			(12	)
Increase (decrease) in cash and cash equivalents		(174	)		(8	)
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, $-	$	699		$	538
Supplemental information:
Interest paid	$	228		$	183
Income taxes paid, net of refunds of $5 million and $4 million, respectively	$	279		$	52

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 13, 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.

In July 2013, the FASB issued guidance regarding the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Under certain circumstances, unrecognized tax benefits should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The guidance is a change in financial statement presentation only and has no material impact in the consolidated financial results. The guidance is effective beginning January 1, 2014 on either a prospective or retrospective basis.

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.

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The impact within the functional expense areas, including the impact of a business sold in the third quarter of 2012 and currently presented in discontinued operations, is as follows for the three and six months ended June 30, 2012:

	Three months ended June 30, 2012
	As reported		Impact of discontinued operations			As reported- adjusted for discontinued operations		As revised
Cost of sales and direct operating	$	446	$	(12	)	$	434	$	433
Sales, marketing and administration		266		—			266		261
Product development and maintenance		97		—			97		103
Total functional expenses	$	809	$	(12	)	$	797	$	797
	Six months ended June 30, 2012
	As reported		Impact of discontinued operations			As reported- adjusted for discontinued operations		As revised
Cost of sales and direct operating	$	915	$	(24	)	$	891	$	886
Sales, marketing and administration		524		(3	)		521		514
Product development and maintenance		185		—			185		197
Total functional expenses	$	1,624	$	(27	)	$	1,597	$	1,597

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 for the three and six months ended June 30, 2012 reflect the impact of these sales.

The results for the discontinued operations for the three and six months ended June 30, 2012 and 2013 were as follows (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2013		2012			2013
Revenue	$	13	$	—	$	50		$	—
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		$	—

4. Goodwill and Intangibles:

Goodwill

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		(16	)		(12	)		—		(28	)		—			—			—			(28	)
Other		(1	)		—			—		(1	)		—			—			—			(1	)
Balance at June 30, 2013	$	3,499		$	2,231		$	544	$	6,274		$	(1,547	)	$	(217	)	$	(1,764	)	$	4,510

Intangible Assets

Based on amounts recorded at June 30, 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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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 and six months ended June 30, 2012 and 2013 (in millions):

	Three months ended June 30,						Six months ended June 30,
Other Comprehensive Income Components	2012			2013			2012			2013			Affected Line Item in the Statement of Comprehensive Income for Components Reclassified from OCI
Unrealized gain (loss) on derivative instruments and other	$	—		$	(1	)	$	—		$	—
Less: gain (loss) on derivatives reclassified into income
Interest rate contracts		2			1			6			4		Interest expense and amortization of deferred financing fees
Forward currency hedges		2			(1	)		2			(2	)	Cost of sales and direct operating
Total reclassified into income		4			—			8			2
Less: income tax benefit (expense)		(1	)		—			(2	)		(1	)
Unrealized gain (loss) on derivative instruments, net of tax	$	3		$	(1	)	$	6		$	1

The following table provides a rollforward of the components of accumulated other comprehensive loss, net of tax, through June 30, 2013 as follows (in millions):

	Gains and Losses on Derivative Instruments		Currency Translation			Other			Total Accumulated Other Comprehensive Income (loss)
Balance at December 31, 2012	$	2	$	(4	)	$	(1	)	$	(3	)
Other comprehensive income before reclassifications		—		(44	)		(5	)		(49	)
Amounts reclassified from accumulated other comprehensive income net of tax		1		—			—			1
Net current-period other comprehensive income		1		(44	)		(5	)		(48	)
Balance at June 30, 2013	$	3	$	(48	)	$	(6	)	$	(51	)

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 June 30, 2013 was 4%. 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 each of March 28, 2013 and June 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.

13

Debt consisted of the following (in millions):

	December 31, 2012			June 30, 2013
Senior Secured Credit Facilities:
Secured revolving credit facility	$	—		$	—
Tranche A, effective interest rate of 1.96% and 1.94%		207			107
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			716
Tranche E, effective interest rate of 4.04%		—			2,195
Total Senior Secured Credit Facilities		3,554			3,445
Senior Secured Notes due 2014 at 4.875%, net of discount of $4 and $2		246			248
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 3.69%		250			200
Other, primarily foreign bank debt and capital lease obligations		12			13
Total debt		6,662			6,506
Short-term borrowings and current portion of long-term debt		(63	)		(392	)
Long-term debt	$	6,599		$	6,114

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 June 30, 2013, one-month and three-month LIBOR was 0.19% and 0.27%, respectively. 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 June 30, 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
June 2013	June 2019		100		1.86	%		3-Month
Total / Weighted Average		$	500		0.93	%

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 as of December 31, 2012. At June 30, 2013, the fair values of interest rate swaps are $5 million and are included in other intangible assets.

The Company has no ineffectiveness related to its swap agreements. The Company expects to reclassify in the next twelve months approximately $3 million from other comprehensive income (loss) into earnings related to the Company’s interest rate swaps based on the borrowing rates at June 30, 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 June 30, 2013 (in millions):

	Fair Value Measures Using
	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents—money market funds	$	220	$	—	$	—	$	220
Interest rate swap agreements		—		5		—		5
Currency forward contracts		—		1		—		1
Total		220		6		—		226
Liabilities
Interest rate swap agreements	$	—	$	—	$	—	$	—

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
Interest rate swap agreements		—		—		—		—
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 contracts 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 June 30, 2013 (in millions):

	December 31, 2012				June 30, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
Floating rate debt	$	3,803	$	3,826	$	3,645	$	3,656
Fixed rate debt		2,859		3,023		2,861		2,963

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.

15

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)		—			—			(104	)		(104	)		1			71			72
Foreign currency translation		—			—			(44	)		(44	)		—			—			—
Net unrealized gain on derivative instruments		—			—			1			1			—			—			—
Other		—			—			(5	)		(5	)		—			—			—
Comprehensive income (loss)		—			—			(152	)		(152	)		1			71			72
Stock compensation expense		—			—			23			23			—			—			—
Termination of put options due to employee terminations and other		(8	)		(1	)		11			2			(4	)		2			(2	)
Purchase of treasury stock		—			—			(4	)		(4	)		—			(2	)		(2	)
Transfer intrinsic value of vested restricted stock units		12			—			(21	)		(9	)		8			—			8
Other		—			—			(6	)		(6	)		—			—			—
Balance at June 30, 2013	$	49		$	4		$	(1,110	)	$	(1,057	)	$	31		$	1,646		$	1,677

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)		—			—			105			105			—			122			122
Foreign currency translation		—			—			(11	)		(11	)		—			—			—
Net unrealized gain on derivative instruments		—			—			6			6			—			—			—
Comprehensive income (loss)		—			—			100			100			—			122			122
Stock compensation expense		—			—			20			20			—			—			—
Termination of put options due to employee terminations and other		(8	)		(1	)		10			1			(5	)		3			(2	)
Purchase of treasury stock		—			—			(5	)		(5	)		—			(2	)		(2	)
Transfer intrinsic value of vested restricted stock units		11			1			(19	)		(7	)		7			—			7
Other		—			—			(8	)		(8	)		—			—			—
Balance at June 30, 2012	$	50		$	6		$	(565	)	$	(509	)	$	30		$	2,161		$	2,191

In June 2013, certain senior executives of the Company were granted a new form of long-term incentive equity award (“Appreciation Units”) to be settled in stock. The Appreciation Units’ vesting terms are either market-based dependent upon the performance of the Company’s Unit price (“Performance-based”) or time-based. Performance-based Appreciation Units will vest only if the average value per Unit (defined as 1.3 shares of Class A common stock and 0.1444 shares of Class L common stock of SunGard Capital Corp. and 0.05 shares of preferred stock of SunGard Capital Corp. II) at each measurement date (as defined in the agreements) increases over a base Unit value specified in the agreements and may be subject to continued employment through June 1, 2017. Time-based Appreciation Units will vest in annual installments over a period of years as specified in the applicable award agreement, subject to continued employment. The Company determined the fair value of the Performance-based Appreciation Units using a Monte Carlo valuation model and will record the aggregate expense of $22 million over the four-year measurement period on a straight-line basis regardless of vesting, subject to continued employment, if applicable. Time-based Appreciation Units were valued using the Black-Scholes pricing model at $4 million in the aggregate, which will be expensed over the four year service period on a straight-line basis.

9. Income Taxes:

In the second quarter, included in the benefit recorded in income tax expense is a discrete item of $9 million related to a benefit associated with a tax accounting method change related to certain lease-related reserves.

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10. 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 June 30, 2013 and 2012 for each segment follow (in millions):

Three Months Ended June 30, 2013	FS			AS			PS&E			Sum of segments
Revenue	$	632		$	344		$	52		$	1,028
Internal Adjusted EBITDA		178	(1)		112			18			308
Internal Adjusted EBITDA margin		28.2	%		32.5	%		32.9	%		29.9	%
Year to year revenue change		(6	)%		(2	)%		2	%		(4	)%
Year to year Internal Adjusted EBITDA change		—	%		(5	)%		12	%		(1	)%
Three Months Ended June 30, 2012	FS			AS			PS&E			Sum of segments
Revenue	$	670		$	351		$	51		$	1,072
Internal Adjusted EBITDA		178			118			16			312
Internal Adjusted EBITDA margin		26.6	%		33.7	%		30.0	%		29.1	%

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

	Three Months Ended
	June 30, 2012			June 30, 2013
Internal Adjusted EBITDA (sum of segments)	$	312		$	308
Corporate		(11	)		(11	)
Depreciation (2)		(70	)		(76	)
Amortization of acquisition-related intangible assets		(100	)		(86	)
Severance and facility closure costs		(7	)		(3	)
Stock compensation expense		(9	)		(12	)
Management fees		(4	)		(3	)
Other costs (included in operating income)		(6	)		(6	)
Interest expense, net		(101	)		(98	)
Loss on extinguishment of debt		(36	)		—
Other income (expense)		—			(2	)
Income (loss) from continuing operations before income tax	$	(32	)	$	11

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

Three Months Ended June 30, 2013	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	20	$	32	$	2	$	54	$	1	$	55
Depreciation(2)		23		51		1		75		1		76
Amortization of acquisition-related intangible assets		44		38		4		86		—		86
Three Months Ended June 30, 2012	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	23	$	30	$	2	$	55	$	—	$	55
Depreciation(2)		20		48		2		70		—		70
Amortization of acquisition-related intangible assets		53		43		4		100		—		100

The operating results for the six months ended June 30, 2013 and 2012 for each segment follow (in millions):

Six Months Ended June 30, 2013	FS			AS			PS&E			Sum of segments
Revenue	$	1,232		$	689		$	102		$	2,023
Internal Adjusted EBITDA		308	(1)		217			32			557
Internal Adjusted EBITDA margin		25.0	%		31.5	%		31.1	%		27.5	%
Year to year revenue change		(4	)%		(2	)%		—	%		(4	)%
Year to year Internal Adjusted EBITDA change		1	%		(6	)%		(1	)%		(2	)%
Six Months Ended June 30, 2012	FS			AS			PS&E			Sum of Segments
Revenue	$	1,288		$	706		$	102		$	2,096
Internal Adjusted EBITDA		304			231			32			567
Internal Adjusted EBITDA margin		23.6	%		32.7	%		31.3	%		27.0	%

18

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

	Six Months Ended
	June 30, 2012			June 30, 2013
Internal Adjusted EBITDA (sum of segments)	$	567		$	557
Corporate		(25	)		(24	)
Depreciation (2)		(141	)		(149	)
Amortization of acquisition-related intangible assets		(201	)		(173	)
Severance and facility closure costs		(9	)		(6	)
Stock compensation expense		(20	)		(23	)
Management fees		(6	)		(5	)
Other costs (included in operating income)		(8	)		(10	)
Interest expense, net		(223	)		(206	)
Loss on extinguishment of debt		(51	)		(5	)
Other income (expense)		2			(1	)
Income (loss) from continuing operations before income tax	$	(115	)	$	(45	)

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

Six Months Ended June 30, 2013	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	41	$	55	$	4	$	100	$	1	$	101
Depreciation(2)		45		100		3		148		1		149
Amortization of acquisition-related intangible assets		88		77		8		173		—		173
Six Months Ended June 30, 2012	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	43	$	68	$	4	$	115	$	—	$	115
Depreciation(2)		41		96		4		141		—		141
Amortization of acquisition-related intangible assets		106		86		9		201		—		201

⁽¹⁾  During the second quarter of 2013, the Company completed a review of its accounting practices related to vacation pay obligations. In countries where the vacation policy stipulated that vacation days earned in the current year must be used in that same year, the Company adjusted its quarterly estimate of accrued vacation costs to better match expense recognition with amounts payable to employees when leaving the Company. The impact of the change in estimate was an aggregate decrease to costs and expenses of $10 million for the three month period ended June 30, 2013. The impact of this change is expected to be negligible for the full year.

⁽²⁾  Includes amortization of capitalized software.

11. 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 June 30, 2013 (in millions):

	Balance 12/31/2012		Expense		Paid			Other Adjustments*			Balance 6/30/2013
Workforce-related	$	32	$	9	$	(20	)	$	(5	)	$	16
Facilities		22		1		(5	)		—			18
Total	$	54	$	10	$	(25	)	$	(5	)	$	34

* 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.

19

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.

12. Related Party Transactions:

In accordance with the Management Agreement between the Company and affiliates of the Sponsors, the Company recorded $4 and $3 million of management fees in sales, marketing and administration expenses during the three months ended June 30, 2012 and 2013, respectively. The Company recorded $6 and $5 million of management fees in sales, marketing and administration expenses during the six months ended June 30, 2012 and 2013, respectively. At December 31, 2012 and June 30, 2013, $4 million and $3 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.

For each of the six months ended June 30, 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. For the three months ended June 30, 2012 and 2013, no fees were paid to Goldman Sachs & Co. and/or its respective affiliates.

13. 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.

20

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 June 30, 2013, and for the three and six month periods ended June 30, 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 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 borrower under the secured accounts receivable facility, which is a non-Guarantor subsidiary, 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.

21

(in millions)	Supplemental Condensed Consolidating Balance Sheet June 30, 2013
	Parent Company		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current:
Cash and cash equivalents	$	192	$	1		$	$345	$	—		$	$538
Intercompany balances		—		2,753			713		(3,466	)		—
Trade receivables, net		8		516	(b)		220		—			744
Prepaid expenses, taxes and other current assets		1,395		77			106		(1,340	)		238
Total current assets		1,595		3,347			1,384		(4,806	)		1,520
Property and equipment, net		—		546			269		—			815
Intangible assets, net		115		2,272			364		—			2,751
Deferred income taxes		37		—			—		(37	)		—
Intercompany balances		251		5			78		(334	)		—
Goodwill		—		3,468			1,042		—			4,510
Investment in subsidiaries		8,640		2,040			—		(10,680	)		—
Total Assets	$	10,638	$	11,678		$	3,137	$	(15,857	)	$	9,596
Liabilities and Stockholder’s Equity
Current:
Short-term and current portion of long-term debt	$	384	$	1		$	7	$	—		$	$392
Intercompany balances		3,466		—			—		(3,466	)		—
Accounts payable and other current liabilities		62		2,035			546		(1,340	)		1,303
Total current liabilities		3,912		2,036			553		(4,806	)		1,695
Long-term debt		5,908		2			204		—			6,114
Intercompany debt		83		—			251		(334	)		—
Deferred and other income taxes		91		951			45		(37	)		1,050
Other liabilities		—		49			44		—			93
Total liabilities		9,994		3,038			1,097		(5,177	)		8,952
Total stockholder’s equity		644		8,640			2,040		(10,680	)		644
Total Liabilities and Stockholder’s Equity	$	10,638	$	11,678		$	3,137	$	(15,857	)	$	9,596

(b) This balance is primarily comprised of a receivable from the borrower under the secured accounts receivable facility, which is a non-Guarantor subsidiary, 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.

22

(in millions)	Supplemental Condensed Consolidating Schedule of Comprehensive  Income Three Months Ended June 30, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	732		$	426		$	(86	)	$	1,072
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		24			522			337			(86	)		797
Depreciation		—			48			22			—			70
Amortization of acquisition-related intangible assets		—			85			15			—			100
Total costs and expenses		24			655			374			(86	)		967
Operating income (loss)		(24	)		77			52			—			105
Net interest income (expense)		(95	)		—			(6	)		—			(101	)
Equity in earnings of unconsolidated subsidiaries (c)		44			13			—			(57	)		—
Other income (expense)		(36	)		—			—			—			(36	)
Income (loss) from continuing operations before income taxes		(111	)		90			46			(57	)		(32	)
Benefit from (provision for) income taxes		97			(47	)		(26	)		—			24
Income (loss) from continuing operations		(14	)		43			20			(57	)		(8	)
Income (loss) from discontinued operations, net of tax		6			1			(7	)		—			—
Net income (loss)		(8	)		44			13			(57	)		(8	)
Comprehensive income (loss)	$	(49	)	$	14		$	(9	)	$	(5	)	$	(49	)

(c) The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the three months ended June 30, 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 $50 million to $44 million; Income (loss) from continuing operations changed from $(8) million to $(14) million; and Income (loss) from discontinued operations, net of tax changed from $- million to $6 million. For the Guarantor Subsidiaries in 2012, Equity in earnings of unconsolidated subsidiaries changed from $20 million to $13 million; Income (loss) from continuing operations changed from $50 million to $43 million; and Income (loss) from discontinued operations, net of tax changed from $(6) million to $1 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.

23

(in millions)	Supplemental Condensed Consolidating Schedule of Comprehensive  Income Three Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	708		$	418		$	(98	)	$	1,028
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		26			511			316			(98	)		755
Depreciation		—			51			25			—			76
Amortization of acquisition-related intangible assets		—			70			16			—			86
Total costs and expenses		26			632			357			(98	)		917
Operating income (loss)		(26	)		76			61			—			111
Net interest income (expense)		(91	)		(1	)		(6	)		—			(98	)
Equity in earnings of unconsolidated subsidiaries		94			47			—			(141	)		—
Other income (expense)		—			—			(2	)		—			(2	)
Income (loss) from continuing operations before income taxes		(23	)		122			53			(141	)		11
Benefit from (provision for) income taxes		38			(28	)		(6	)		—			4
Income (loss) from continuing operations		15			94			47			(141	)		15
Income (loss) from discontinued operations, net of tax		—			—			—			—			—
Net income (loss)		15			94		$	47			(141	)		15
Comprehensive income (loss)	$	11		$	87		$	40		$	(127	)	$	11

24

	Supplemental Condensed Consolidating Schedule of Comprehensive Income
(in millions)	Six Months Ended June 30, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	1,445		$	824		$	(173	)	$	2,096
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		49			1,056			665			(173	)		1,597
Depreciation		—			96			45			—			141
Amortization of acquisition-related intangible assets		—			169			32			—			201
Total costs and expenses		49			1,321			742			(173	)		1,939
Operating income (loss)		(49	)		124			82			—			157
Net interest income (expense)		(209	)		—			(14	)		—			(223	)
Equity in earnings of unconsolidated subsidiaries (d)		204			40			—			(244	)		—
Other income (expense)		(51	)		—			2			—			(49	)
Income (loss) from continuing operations before income taxes		(105	)		164			70			(244	)		(115	)
Benefit from (provision for) income taxes		107			(50	)		(26	)		—			31
Income (loss) from continuing operations		2			114			44			(244	)		(84	)
Income (loss) from discontinued operations, net of tax		225			90			(4	)		—			311
Net income (loss)		227			204			40			(244	)		227
Comprehensive income (loss)	$	222		$	199		$	40		$	(239	)	$	222

(d) The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the six months ended June 30, 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 $117 million to $204 million; Income (loss) from continuing operations changed from $(85) million to $2 million; and Income (loss) from discontinued operations, net of tax changed from $312 million to $225 million. For the Guarantor Subsidiaries in 2012, Equity in earnings of unconsolidated subsidiaries changed from $43 million to $40 million; Income (loss) from continuing operations changed from $117 million to $114 million; and Income (loss) from discontinued operations, net of tax changed from $87 million to $90 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.

25

(in millions)	Supplemental Condensed Consolidating Schedule of Comprehensive Income Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	1,400		$	799		$	(176	)	$	2,023
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		49			1,020			641			(176	)		1,534
Depreciation		—			100			49			—			149
Amortization of acquisition-related intangible assets		—			141			32			—			173
Total costs and expenses		49			1,261			722			(176	)		1,856
Operating income (loss)		(49	)		139			77			—			167
Net interest income (expense)		(192	)		(1	)		(13	)		—			(206	)
Equity in earnings of unconsolidated subsidiaries		135			55			—			(190	)		—
Other income (expense)		(5	)		—			(1	)		—			(6	)
Income (loss) from continuing operations before income taxes		(111	)		193			63			(190	)		(45	)
Benefit from (provision for) income taxes		79			(58	)		(8	)		—			13
Income (loss) from continuing operations		(32	)		135			55			(190	)		(32	)
Income (loss) from discontinued operations, net of tax		—			—			—			—			—
Net income (loss)		(32	)		135			55			(190	)		(32	)
Comprehensive income (loss)	$	(80	)	$	88		$	14		$	(102	)	$	(80	)

26

	Supplemental Condensed Consolidating Schedule of Cash Flows
(in millions)	Six Months Ended June 30, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	227		$	204		$	40		$	(244	)	$	227
Income (loss) from discontinued operations		225			90			(4	)		—			311
Income (loss) from continuing operations		2			114			44			(244	)		(84	)
Non cash adjustments		(74	)		202			73			244			445
Changes in operating assets and liabilities		(151	)		30			(17	)		—			(138	)
Cash flow from (used in) continuing operations		(223	)		346			100			—			223
Cash flow from (used in) discontinued operations		(240	)		3			—			—			(237	)
Cash flow from (used in) operations		(463	)		349			100			—			(14	)
Investment activities:
Intercompany transactions (e)		2,115			(223	)		(121	)		(1,771	)		—
Cash paid for acquired businesses, net of cash acquired		—			—			(9	)		—			(9	)
Cash paid for property and equipment and software		—			(83	)		(32	)		—			(115	)
Other investing activities		—			—			3			—			3
Cash provided by (used in) continuing operations		2,115			(306	)		(159	)		(1,771	)		(121	)
Cash provided by (used in) discontinued operations		—			1,742			—			—			1,742
Cash provided by (used in) investment activities		2,115			1,436			(159	)		(1,771	)		1,621
Financing activities:
Intercompany dividends of HE sale proceeds		—			(1,771	)		—			1,771			—
Intercompany dividends		—			—			—			—			—
Net repayments of long-term debt		(1,742	)		—			—			—			(1,742	)
Premium paid to retire debt		(27	)		—			—			—			(27	)
Other financing activities		(15	)		—			—			—			(15	)
Cash provided by (used in) continuing operations		(1,784	)		(1,771	)		—			1,771			(1,784	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) financing activities		(1,784	)		(1,771	)		—			1,771			(1,784	)
Effect of exchange rate changes on cash		—			—			3			—			3
Increase (decrease) in cash and cash equivalents		(132	)		14			(56	)		—			(174	)
Beginning cash and cash equivalents		529			(15	)		359			—			873
Ending cash and cash equivalents	$	397		$	(1	)	$	303		$	—		$	699

(e) 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.

27

	Supplemental Condensed Consolidating Schedule of Cash Flows
(in millions)	Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	(32	)	$	135		$	55		$	(190	)	$	(32	)
Income (loss) from discontinued operations		—			—			—			—			—
Income (loss) from continuing operations		(32	)		135			55			(190	)		(32	)
Non cash adjustments		(84	)		138			59			190			303
Changes in operating assets and liabilities		(96	)		96			35			—			35
Cash flow from (used in) continuing operations		(212	)		369			149			—			306
Cash flow from (used in) discontinued operations		—			—			—			—			—
Cash flow from (used in) operations		(212	)		369			149			—			306
Investment activities:
Intercompany transactions		335			(228	)		23			(130	)		—
Cash paid for acquired businesses, net of cash acquired		—			(1	)		—			—			(1	)
Cash paid for property and equipment and software		—			(71	)		(30	)		—			(101	)
Other investing activities		—			—			1			—			1
Cash provided by (used in) continuing operations		335			(300	)		(6	)		(130	)		(101	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) investment activities		335			(300	)		(6	)		(130	)		(101	)
Financing activities:
Intercompany dividends of HE sale proceeds		—			—			—			—			—
Intercompany dividends		—			(65	)		(65	)		130			—
Net repayments of long-term debt		(136	)		—			(50	)		—			(186	)
Premium paid to retire debt		—			—			—			—			—
Other financing activities		(15	)		—			—			—			(15	)
Cash provided by (used in) continuing operations		(151	)		(65	)		(115	)		130			(201	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) financing activities		(151	)		(65	)		(115	)		130			(201	)
Effect of exchange rate changes on cash		—			—			(12	)		—			(12	)
Increase (decrease) in cash and cash equivalents		(28	)		4			16			—			(8	)
Beginning cash and cash equivalents		220			(3	)		329			—			546
Ending cash and cash equivalents	$	192		$	1		$	345		$	—		$	538

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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 notes, 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 SunGard, which are materially the same as the results of operations and financial condition of SCC and SCCII. 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 10 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 report our results 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.

29

Results of Operations:

Three Months Ended June 30, 2013 Compared to Three Months Ended June 30, 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).

Revenue:

Three Months Ended June 30, 2013	FS			AS			PS&E			Total
Total revenue	$	632		$	344		$	52		$	1,028
Year to year revenue change		(6	)%		(2	)%		2	%		(4	)%
Year to year revenue change at constant currency		(6	)%		(1	)%		2	%		(4	)%
Services	$	563		$	337		$	44		$	944
Year to year services revenue change		(3	)%		(3	)%		1	%		(3	)%
Year to year services revenue change at constant currency		(3	)%		(2	)%		1	%		(3	)%
License and resale fees	$	60		$	1		$	7		$	68
Year to year license and resale fees revenue change		(21	)%		(18	)%		8	%		(18	)%
Year to year license and resale fees revenue change at constant currency		(22	)%		(18	)%		8	%		(19	)%
Reimbursable expenses	$	9		$	6		$	1		$	16
Year to year reimbursable expenses revenue change		(23	)%		52	%		8	%		(2	)%
Year to year reimbursable expenses revenue change at constant currency		(23	)%		54	%		8	%		(2	)%
Three Months Ended June 30, 2012	FS			AS			PS&E			Total
Total revenue	$	670		$	351		$	51		$	1,072
Services		583			346			44			973
License and resale fees		76			1			7			84
Reimbursable expenses		11			4			—			15

Total SunGard reported revenue decreased $44 million or 4% for the three months ended June 30, 2013 compared to the second quarter of 2012. On a constant currency basis, revenue decreased $42 million, or 4%. The $42 million decrease is due mainly to a $17 million decrease in FS software license revenue, a combined $13 million decrease in FS and AS professional services revenue, a $7 million decrease in AS recovery services and a $6 million decrease in FS managed services revenue.

Financial Systems segment:

FS reported revenue and constant-currency revenue both decreased $38 million, or 6%, in the second quarter of 2013 from the prior year period. Software license and resale fees were $60 million and decreased $16 million, or 22%, year to year on a constant-currency basis. Software license and resale fees more than doubled from first quarter 2013 levels, but declined versus second quarter 2012 levels, which was marked by very strong sales. The decline in license sales reflects, to some degree, cautious spending patterns in some of our largest customers. Services revenue was impacted by a change in the mix to renewals of licenses which typically carry less professional services, and cautious spending patterns as customers were unwilling to take on large new projects. Moreover, certain customer losses, in some cases due to bankruptcies and mergers, impacted services revenue. In many instances, these customer losses occurred shortly after the financial crisis of 2008. However, migration from SunGard systems took multiple years to execute. We expect this attrition to mitigate as the financial services industry recovers. These trends were partially offset by a $4 million increase from the fourth quarter 2012 acquisition of a business.

Availability Services segment:

AS reported revenue decreased $7 million, or 2%, in the second quarter of 2013 from the prior year period. On a constant currency basis, revenue decreased $5 million, or 1%, 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 6%, primarily as a result of a significant new managed services contract, and was partly offset by a decrease in recovery services revenue.

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Public Sector & Education segment:

PS&E reported revenue and constant currency revenue increased $1 million, or 2%, for the three months ended June 30, 2013, from the corresponding period in 2012. Reported revenue from license and resale fees grew 8% from the prior-year period driven by customer acceptance of new solutions.

Operating Income and Operating Margin:

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 June 30, 2013	FS			AS			PS&E			Sum of segments			Corporate			Total
Revenue	$	632		$	344		$	52		$	1,028		$	—		$	1,028
Internal Adjusted EBITDA		178			112			18			308			(11	)		297
Internal Adjusted EBITDA margin		28.2	%		32.5	%		32.9	%		29.9	%		(1.0	)%		28.9	%
Internal Adjusted EBITDA margin at constant currency		27.8	%		32.5	%		32.9	%		29.7	%		(1.0	)%		28.6	%
Year to year revenue change		(6	)%		(2	)%		2	%		(4	)%		—	%		(4	)%
Year to year Internal Adjusted EBITDA change		—	%		(5	)%		12	%		(1	)%		6	%		(1	)%
Year to year revenue change at constant currency		(6	)%		(1	)%		2	%		(4	)%		—	%		(4	)%
Year to year Internal Adjusted EBITDA change at constant currency		(1	)%		(5	)%		12	%		(2	)%		6	%		(2	)%
Three Months Ended June 30, 2012	FS			AS			PS&E			Sum of segments			Corporate			Total
Revenue	$	670		$	351		$	51		$	1,072		$	—		$	1,072
Internal Adjusted EBITDA		178			118			16			312			(11	)		301
Internal Adjusted EBITDA margin		26.6	%		33.7	%		30.0	%		29.1	%		(1.1	)%		28.0	%

Reconciliation of Internal Adjusted EBITDA to operating income:

	Three Months Ended
	June 30, 2012			June 30, 2013
Internal Adjusted EBITDA	$	301		$	297
Depreciation (1)		(70	)		(76	)
Amortization of acquisition-related intangible assets		(100	)		(86	)
Severance and facility closure costs		(7	)		(3	)
Stock compensation expense		(9	)		(12	)
Management fees		(4	)		(3	)
Other costs (included in operating income)		(6	)		(6	)
Operating income	$	105		$	111
Operating income margin		9.8	%		10.7	%
Operating income margin at constant currency					10.5	%

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

Three Months Ended June 30, 2013	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	20	$	32	$	2	$	54	$	1	$	55
Depreciation(1)		23		51		1		75		1		76
Amortization of acquisition-related intangible assets		44		38		4		86		—		86

Three Months Ended June 30, 2012	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	23	$	30	$	2	$	55	$	—	$	55
Depreciation(1)		20		48		2		70		—		70
Amortization of acquisition-related intangible assets		53		43		4		100		—		100

⁽¹⁾  Includes amortization of capitalized software.

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Our total operating margin was 10.5% for the three months ended June 30, 2013, compared to 9.8% for the three months ended June 30, 2012. The more significant factors impacting the 0.7 margin point improvement are the following:

• The improvement in the FS Internal Adjusted EBITDA margin increased the total operating margin by 0.2 points primarily due to the $10 million change in estimate for vacation liabilities as described in Note 10 of Notes to Consolidated Financial Statements, lower employment-related expenses due to 2012 restructuring actions and a shift in the revenue mix toward higher margin software from professional services, partially offset by a decrease in software license fees;

• The decline in the AS Internal Adjusted EBITDA margin decreased the total operating margin by 0.5 points due primarily to the decrease in recovery services revenue in North America and increased costs related to new customer start-up in Europe;

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

• The increase in depreciation as a result of higher capitalized software decreased margin by 0.6 points;

• A decrease in severance and facility closure costs improved margin by 0.3 points; and

• The increase in stock compensation expense decreased margin by 0.3 points.

Segment Internal Adjusted EBITDA:

Financial Systems segment:

The FS Internal Adjusted EBITDA margin was 27.8% and 26.6% for the three months ended June 30, 2013 and 2012, respectively. The more significant factors impacting the 1.2 margin point improvement are the $10 million change in estimate for vacation liabilities; a change in the revenue mix to higher margin software and services from lower margin professional services; reduced labor and facility costs as a result of 2012 restructuring actions; and an increase in capitalized software development costs; partially offset by a decrease in software license fees.

Availability Services segment:

The AS Internal Adjusted EBITDA margin was 32.5% and 33.7% for the three months ended June 30, 2013 and 2012, respectively. In North America, margin decreased by 0.5 points due to a decrease in traditional recovery services revenue and investments made in MRP, which were partially offset by lower data network costs and lower employment-related costs. In our European business, margins decreased by 1.1 points reflecting start-up costs for a new managed services customer contract.

Public Sector & Education segment:

The PS&E Internal Adjusted EBITDA margin was 32.9% and 30.0% for the three months ended June 30, 2013 and 2012, respectively, and Internal Adjusted EBITDA increased $2 million. The $2 million increase resulted from customer acceptance of new solutions and lower employment-related and facilities costs.

Non-operating Expenses:

Interest expense was $98 million and $101 million for the three months ended June 30, 2013 and 2012, respectively. The $3 million decrease in interest expense was due primarily to lower interest rates from refinancing the Company’s senior subordinated notes in November 2012, partially offset by higher average debt outstanding primarily as a result of the December 2012 $720 million tranche D term loan borrowing.

Loss on extinguishment of debt was $0 in the second quarter of 2013 compared to $36 million for the three months ended June 30, 2012. The 2012 loss on extinguishment was due to the April 2012 repayment of $500 million, 10.625% senior notes due 2015 (“2015 Notes”).

The effective income tax rates for the three months ended June 30, 2013 and 2012 were (40)% and 77%, respectively. The Company’s effective tax rate reflects changes in the jurisdictional mix of income or losses in jurisdictions with a wide range of tax rates, permanent differences between GAAP and local tax laws, and the timing of recording discrete items. Changes in the mix or the total amount of income for 2013 may significantly impact the estimated effective income tax rate for the year. Included in the benefit recorded in tax expense for the second quarter of 2013 results is a discrete item of $9 million related to a benefit associated with a tax accounting method change related to certain lease-related reserves.

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For SCC, accreted dividends on SCCII’s cumulative preferred stock were $47 million and $60 million for the three months ended June 30, 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.

Six Months Ended June 30, 2013 Compared to Six Months Ended June 30, 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).

Revenue:

Six Months Ended June 30, 2013	FS			AS			PS&E			Total
Total revenue	$	1,232		$	689		$	102		$	2,023
Year to year revenue change		(4	)%		(2	)%		—	%		(4	)%
Year to year revenue change at constant currency		(4	)%		(2	)%		—	%		(3	)%
Services	$	1,129		$	677		$	87		$	1,893
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	$	87		$	1		$	13		$	101
Year to year license and resale fees revenue change		(13	)%		(4	)%		(1	)%		(12	)%
Year to year license and resale fees revenue change at constant currency		(14	)%		(4	)%		(1	)%		(12	)%
Reimbursable expenses	$	16		$	11		$	2		$	29
Year to year reimbursable expenses revenue change		(28	)%		—	%		8	%		(17	)%
Year to year reimbursable expenses revenue change at constant currency		(28	)%		2	%		8	%		(17	)%
Six Months Ended June 30, 2012	FS			AS			PS&E			Total
Total revenue	$	1,288		$	706		$	102		$	2,096
Services		1,166			694			87			1,947
License and resale fees		100			1			14			115
Reimbursable expenses		22			11			1			34

Total SunGard reported revenue decreased $73 million or 4% for the six months ended June 30, 2013 compared to the six months ended June 30, 2012. On a constant currency basis, revenue decreased $68 million, or 3%. The $68 million decrease is due mainly to a combined $26 million decrease in FS and AS professional services revenue, a $15 million decrease in AS recovery services, a $14 million decrease in FS software license revenue and an $10 million decrease in FS managed services revenue.

Financial Systems segment:

FS reported revenue decreased $56 million, or 4%, in the six months ended June 30, 2013 from the prior year period and decreased $54 million, or 4%, on a constant-currency basis. Software license and resale fees were $87 million and decreased $13 million, or 14%, year to year on a constant-currency basis, primarily due to a strong sales performance in the second quarter of 2012. The decline in license sales reflects, to some degree, cautious spending patterns in some of our largest customers. Services revenue was also impacted by a change in the mix to renewals of licenses which typically carry less professional services, and cautious spending patterns as customers were unwilling to take on large new projects. Moreover, certain customer losses, in some cases due to bankruptcies and mergers, impacted services revenue. In many instances, these losses occurred shortly after the financial crisis of 2008. However, migration from SunGard systems took multiple years to execute. We expect this attrition to mitigate as the financial services industry recovers. These trends were partially offset by a $7 million increase from the fourth quarter 2012 acquisition of a business.

Despite the overall decline in revenue, emerging markets revenue grew double-digits in the first half of 2013 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 $17 million, or 2%, in the six months ended June 30, 2013 from the prior year period. On a constant currency basis, revenue decreased $14 million, or 2%. In North America, which accounts for approximately 75% of our AS business, revenue decreased 4%, due primarily to a decline in recovery and professional services. In Europe, mainly within our U.K. operations, revenue increased 4%, primarily as a result of a significant new managed services contract, and was partly offset by a decrease in recovery services revenue.

33

Public Sector & Education segment:

PS&E reported revenue and constant currency revenue was unchanged for the six months ended June 30, 2013 from the corresponding period in 2012.

Operating Income and Operating Margin:

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).

Six Months Ended June 30, 2013	FS			AS			PS&E			Sum of segments			Corporate			Total
Revenue	$	1,232		$	689		$	102		$	2,023		$	—		$	2,023
Internal Adjusted EBITDA		308			217			32			557			(24	)		533
Internal Adjusted EBITDA margin		25.0	%		31.5	%		31.1	%		27.5	%		(1.2	)%		26.4	%
Internal Adjusted EBITDA margin at constant currency		24.6	%		31.5	%		31.1	%		27.3	%		(1.2	)%		26.1	%
Year to year revenue change		(4	)%		(2	)%		—	%		(4	)%					(4	)%
Year to year Internal Adjusted EBITDA change		1	%		(6	)%		(1	)%		(2	)%		5	%		(2	)%
Year to year revenue change at constant currency		(4	)%		(2	)%		—	%		(3	)%					(3	)%
Year to year Internal Adjusted EBITDA change at constant currency		—	%		(5	)%		(1	)%		(2	)%		4	%		(2	)%
Six Months Ended June 30, 2012	FS			AS			PS&E			Sum of segments			Corporate			Total
Revenue	$	1,288		$	706		$	102		$	2,096		$	—		$	2,096
Internal Adjusted EBITDA		304			231			32			567			(25	)		542
Internal Adjusted EBITDA margin		23.6	%		32.7	%		31.3	%		27.0	%		(1.2	)%		25.8	%

Reconciliation of Internal Adjusted EBITDA to operating income:

	Six Months Ended
	June 30, 2012			June 30, 2013
Internal Adjusted EBITDA	$	542		$	533
Depreciation (1)		(141	)		(149	)
Amortization of acquisition-related intangible assets		(201	)		(173	)
Severance and facility closure costs		(9	)		(6	)
Stock compensation expense		(20	)		(23	)
Management fees		(6	)		(5	)
Other costs (included in operating income)		(8	)		(10	)
Operating income	$	157		$	167
Operating income margin		7.5	%		8.2	%
Operating income margin at constant currency					8.1	%

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

Six Months Ended June 30, 2013	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	41	$	55	$	4	$	100	$	1	$	101
Depreciation(1)		45		100		3		148		1		149
Amortization of acquisition-related intangible assets		88		77		8		173		—		173

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Six Months Ended June 30, 2012	FS		AS		PS&E		Sum of segments		Corporate		Total
Capital expenditures	$	43	$	68	$	4	$	115	$	—	$	115
Depreciation(1)		41		96		4		141		—		141
Amortization of acquisition-related intangible assets		106		86		9		201		—		201

⁽¹⁾  Includes amortization of capitalized software.

Our total operating margin was 8.1% for the six months ended June 30, 2013, compared to 7.5% for the six months ended June 30, 2012. The more significant factors impacting the 0.6 margin point improvement are the following:

• The improvement in FS Internal Adjusted EBITDA increased total operating margin by 0.2 points primarily due to the $10 million change in estimate for vacation liabilities as described in Note 10 of Notes to Consolidated Financial Statements, lower employment-related expenses due to 2012 restructuring actions and a shift in the revenue mix toward higher margin software from professional services, partially offset by a decrease in software license fees;

• The decline in the AS Internal Adjusted EBITDA margin decreased the total operating margin by 0.5 points due primarily to the decrease in recovery services revenue in North America and increased costs related to new customer start-up in Europe;

• The decrease in amortization of acquisition-related intangible assets increased margin by 1.3 points, or $28 million, due primarily to the $29 million impact of software and customer base intangible assets that were fully amortized in 2012; and

• An increase in depreciation as a result of higher capitalized software in 2012 and 2013 decreased margin by 0.4 points.

Segment Internal Adjusted EBITDA:

Financial Systems segment:

The FS Internal Adjusted EBITDA margin was 24.6% and 23.6% for the six months ended June 30, 2013 and 2012, respectively. The more significant factors impacting the 1.0 margin point improvement are the $10 million change in estimate for vacation liabilities; a change in the revenue mix to higher margin software and services from lower margin professional services; reduced labor and facility costs, partially as a result of our 2012 restructuring actions; and an increase in capitalized software development costs; partially offset by a decrease in software license fees.

Availability Services segment:

The AS Internal Adjusted EBITDA margin was 31.5% and 32.7% for the six months ended June 30, 2013 and 2012, respectively. In North America, margin decreased by 0.4 points due to a decrease in traditional recovery services revenue and investments made in MRP, which were partially offset by lower data network costs and lower employment-related costs. In our European business, margins decreased by 1.2 points reflecting start-up costs for a new managed services customer contract.

Public Sector & Education segment:

The PS&E Internal Adjusted EBITDA margin was 31.1% and 31.3% for the six months ended June 30, 2013 and 2012, respectively. The Internal Adjusted EBITDA margin decreased by 0.2 points due to an increase in external services expense reflecting a benefit received in the first half 2012, partially offset by lower sales incentives.

Non-operating Expenses:

Interest expense was $206 million and $223 million for the six months ended June 30, 2013 and 2012, respectively. The $17 million decrease in interest expense was due primarily to lower interest rates from refinancing the Company’s senior subordinated notes in November 2012 and lower average outstanding debt from the early extinguishment of the 2015 Notes in April 2012 and the December 2012 prepayment of the incremental term loan, partially offset by the December 2012 $720 million tranche D term loan borrowing.

Loss on extinguishment of debt was $5 million and $51 million for the six months ended June 30, 2013 and 2012, respectively. The loss on extinguishment of debt in 2013 includes the loss related to the March 2013 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 and the early extinguishment of the 2015 Notes.

35

The effective income tax rates for the six months ended June 30, 2013 and 2012 were 29% and 27%, respectively. The Company’s effective tax rate reflects changes in the jurisdictional mix of income or losses in jurisdictions with a wide range of tax rates, permanent differences between GAAP and local tax laws, and the timing of recording discrete items. Changes in the mix or the total amount of income for 2013 may significantly impact the estimated effective income tax rate for the year. Included in the benefit recorded in tax expense for the year to date June 30, 2013 results is a discrete item of $9 million related to a benefit associated with a tax accounting method change related to certain lease-related reserves.

Accreted dividends on SCCII’s cumulative preferred stock were $72 million and $122 million for the six months ended June 30, 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 June 30, 2013, our liquidity was $1.40 billion, comprised of cash and equivalents of $538 million, a decrease of $8 million from December 31, 2012, capacity under our revolving credit facility of $827 million and capacity under our receivables facility of $36 million. Included in cash and cash equivalents at June 30, 2013 is $187 million invested in money market accounts in the United States. Cash flow from continuing operations was $306 million in the six months ended June 30, 2013 compared to $223 million in the six months ended June 30, 2012. Cash flow from continuing operations increased $57 million due to improved collections of accounts receivable and improved payables management. Cash flow also improved due to $45 million in lower interest payments reflecting lower average interest rates partially offset by higher average debt outstanding.

Net cash used by continuing operations in investing activities was $101 million in the six months ended June 30, 2013, comprised of cash paid for property and equipment, and software. Net cash used by continuing operations in investing activities was $121 million in the six months ended June 30, 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.

Net cash used by continuing operations in financing activities was $201 million for the six months ended June 30, 2013, primarily related to refinancing $2.2 billion of term loans and additional repayments of $109 million of term loans and $50 million of our receivables facility revolver borrowings. Net cash used by continuing operations in financing activities was $1.78 billion for the six months ended June 30, 2012, primarily related to repayments of $1.22 billion of term loans resulting from the sale of HE and $527 million related to the early retirement of the 2015 Notes.

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 were to apply and we failed to satisfy such covenant, then a default solely of the revolving credit facility would occur. If the revolving credit lenders fail to waive such default, 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.

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Adjusted EBITDA is calculated as follows (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,						Last Twelve Months Ended June 30,
	2012			2013			2012			2013			2013
Income (loss) from continuing operations	$	(8	)	$	15		$	(84	)	$	(32	)	$	(345	)
Interest expense, net		101			98			223			206			410
Taxes		(24	)		(4	)		(31	)		(13	)		(20	)
Depreciation and amortization		170			162			342			322			652
EBITDA		239			271			450			483			697
Goodwill impairment charge		—			—			—			—			385
Purchase accounting adjustments (a)		3			2			5			4			8
Non-cash charges (b)		9			13			20			23			43
Restructuring and other (c)		9			12			13			19			69
Acquired EBITDA, net of disposed EBITDA (d)		1			—			1			—			1
Loss on extinguishment of debt (e)		36			—			51			5			36
Adjusted EBITDA—senior secured credit facilities, senior notes due 2018 and 2020 and senior subordinated notes due 2019	$	297		$	298		$	540		$	534		$	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 12 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 the 2015 Notes, 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 $109 million of term loans.

The covenant requirements and actual ratios for the twelve months ended June 30, 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		4.70x
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		3.53x

(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.

37

(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 June 30, 2013, we had $3.44 billion outstanding under the term loan facilities and available commitments of $827 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.

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 June 30, 2013, we had total debt of $6.51 billion, including $3.64 billion of variable rate debt. We have entered into interest rate swap agreements which fix the interest rates for $500 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%. Swap agreements expiring in June 2019 with a notional value of $100 million effectively fix our interest rates at 1.86%. Our remaining variable rate debt of $3.14 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 $31 million per year. Upon the expiration of the interest rate swap agreements in February 2017 and June 2019, a 1% change in interest rates would result in a change in interest of approximately $35 million and $36 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

Because of the broad definition of “affiliate” in Rule 12b-2 of the Securities Exchange Act of 1934, 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 June 30, 2013, (ii) Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2012 and 2013, (iii) Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2012 and 2013 and (iv) Notes to Consolidated Financial Statements.

39

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: August 9, 2013	By:	/s/ Charles J. Neral
		Charles J. Neral
		Senior Vice President-Finance and Chief Financial Officer (Principal Financial Officer)

40

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 June 30, 2013, (ii) Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2012 and 2013, (iii) Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2012 and 2013 and (iv) Notes to Consolidated Financial Statements.

41

EX-12.1

Exhibit 12.1

SunGard Capital Corp.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

	Three Months Ended June 30,					Six Months Ended June 30,
	2012			2013		2012			2013
Fixed charges
Interest expense	$	94		$	90	$	204		$	182
Amortization of debt issuance costs and debt discount		7			8		19			24
Portion of rental expense representative of interest		18			17		36			34
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate)		99			71		167			101
Total fixed charges	$	218		$	186	$	426		$	341
Earnings
Income (loss) from continuing operations before income taxes	$	(32	)	$	11	$	(115	)	$	(45	)
Fixed charges per above		218			186		426			341
Total earnings	$	186		$	197	$	311		$	296
Ratio of earnings to fixed charges		*			1.1		*			*

* Earnings for the three months ended June 30, 2012 and for the six months ended June 30, 2012 and 2013 were inadequate to cover fixed charges by $32 million, $115 million and $45 million, respectively.

SunGard Capital Corp. II

SunGard Data Systems Inc.

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

($ in millions)

	Three Months Ended June 30,					Six Months Ended June 30,
	2012			2013		2012			2013
Fixed charges
Interest expense	$	94		$	90	$	204		$	182
Amortization of debt issuance costs and debt discount		7			8		19			24
Portion of rental expense representative of interest		18			17		36			34
Total fixed charges	$	119		$	115	$	259		$	240
Earnings
Income (loss) from continuing operations before income taxes	$	(32	)	$	11	$	(115	)	$	(45	)
Fixed charges per above		119			115		259			240
Total earnings	$	87		$	126	$	144		$	195
Ratio of earnings to fixed charges		*			1.1		*			*

* Earnings for the three months ended June 30, 2012 and for the six months ended June 30, 2012 and 2013 were inadequate to cover fixed charges by $32 million, $115 million and $45 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: August 9, 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: August 9, 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 June 30, 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: August 9, 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 June 30, 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: August 9, 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.

SECTION 13(r) DISCLOSURE

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

“As previously disclosed, 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. 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. During the reporting period, both hotels discontinued making direct deposits to accounts at Bank Melli. No revenues or net profits are associated with these transactions.

Also as previously disclosed, 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. The rate agreement was terminated as of May 2, 2013. 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 rate 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 and net profit received by Hilton attributable to Mahan Air crew hotel stays during the reporting period was approximately $430.”

Travelport Limited, which may be considered our affiliate, included the disclosure reproduced below in its Form 10-Q for the fiscal quarter ended June 30, 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 Solutions services to Iran Air. We also provide certain airline IT Solutions services to Iran Air Tours. All of these services are either exempt from applicable sanctions prohibitions pursuant to a statutory exemption in the International Emergency Economic Powers Act permitting transactions ordinarily incident to travel or, to the extent not otherwise exempt, specifically licensed by the U.S. Office of Foreign Assets Control (“OFAC”). 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.

Prior to and during the reporting period, we also provided airline IT Solutions services to Syrian Arab Airlines. These services were generally understood to be permissible under the same statutory travel exemption. The services were terminated following the May 2013 action by OFAC to designate this airline as a Specially Designated Global Terrorist pursuant to the Global Terrorism Sanctions Regulations.

The gross revenue and net profit attributable to these activities in the quarter ended June 30, 2013 were approximately $248,000 and $176,000, respectively.”

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Segment Information

6 Months Ended

Jun. 30, 2013

Segment Information

10. 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 June30, 2013 and 2012 for each segment follow (in millions):

Three Months Ended June30, 2013	FS					AS				PS&E			Sum of segments
Revenue	$	632				$	344			$	52		$	1,028
Internal Adjusted EBITDA		178	(1	)			112				18			308
Internal Adjusted EBITDA margin		28.2			%		32.5		%		32.9	%		29.9		%
Year to year revenue change		(6	)%				(2	)%			2	%		(4	)%
Year to year Internal Adjusted EBITDA change		—			%		(5	)%			12	%		(1	)%

Three Months Ended June30, 2012	FS			AS			PS&E			Sum of segments
Revenue	$	670		$	351		$	51		$	1,072
Internal Adjusted EBITDA		178			118			16			312
Internal Adjusted EBITDA margin		26.6	%		33.7	%		30.0	%		29.1	%

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

	ThreeMonthsEnded
	June30, 2012				June30, 2013
Internal Adjusted EBITDA (sum of segments)	$	312		$		308
Corporate		(11	)			(11	)
Depreciation (2)		(70	)			(76	)
Amortization of acquisition-related intangible assets		(100	)			(86	)
Severance and facility closure costs		(7	)			(3	)
Stock compensation expense		(9	)			(12	)
Management fees		(4	)			(3	)
Other costs (included in operating income)		(6	)			(6	)
Interest expense, net		(101	)			(98	)
Loss on extinguishment of debt		(36	)			—
Other income (expense)		—				(2	)
Income (loss) from continuing operations before income tax	$	(32	)	$		11

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

ThreeMonthsEndedJune30, 2013	FS		AS		PS&E		Sumof segments			Corporate			Total
Capital expenditures	$	20	$	32	$	2	$	54	$		1	$		55
Depreciation(2)		23		51		1		75			1			76
Amortization of acquisition-related intangible assets		44		38		4		86			—			86

ThreeMonthsEndedJune30, 2012	FS		AS		PS&E		Sumof segments		Corporate		Total
Capital expenditures	$	23	$	30	$	2	$	55	$	—	$	55
Depreciation(2)		20		48		2		70		—		70
Amortization of acquisition-related intangible assets		53		43		4		100		—		100

The operating results for the six months ended June30, 2013 and 2012 for each segment follow (in millions):

Six Months Ended June30, 2013	FS						AS					PS&E					Sum of segments
Revenue	$	1,232				$		689			$		102			$		2,023
Internal Adjusted EBITDA		308	(1	)				217					32					557
Internal Adjusted EBITDA margin		25.0			%			31.5		%			31.1		%			27.5		%
Year to year revenue change		(4	)%					(2	)%				—		%			(4	)%
Year to year Internal Adjusted EBITDA change		1			%			(6	)%				(1	)%				(2	)%

SixMonthsEndedJune30, 2012	FS			AS			PS&E			Sumof Segments
Revenue	$	1,288		$	706		$	102		$	2,096
Internal Adjusted EBITDA		304			231			32			567
Internal Adjusted EBITDA margin		23.6	%		32.7	%		31.3	%		27.0	%

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

	SixMonthsEnded
	June30, 2012			June30, 2013
Internal Adjusted EBITDA (sum of segments)	$	567		$	557
Corporate		(25	)		(24	)
Depreciation (2)		(141	)		(149	)
Amortization of acquisition-related intangible assets		(201	)		(173	)
Severance and facility closure costs		(9	)		(6	)
Stock compensation expense		(20	)		(23	)
Management fees		(6	)		(5	)
Other costs (included in operating income)		(8	)		(10	)
Interest expense, net		(223	)		(206	)
Loss on extinguishment of debt		(51	)		(5	)
Other income (expense)		2			(1	)
Income (loss) from continuing operations before income tax	$	(115	)	$	(45	)

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

SixMonthsEndedJune30, 2013	FS			AS			PS&E			Sumof segments			Corporate			Total
Capital expenditures	$	41	$		55	$		4	$		100	$		1	$		101
Depreciation(2)		45			100			3			148			1			149
Amortization of acquisition-related intangible assets		88			77			8			173			—			173

SixMonthsEndedJune30, 2012	FS			AS			PS&E			Sumof segments			Corporate			Total
Capital expenditures	$	43	$		68	$		4	$		115	$		—	$		115
Depreciation(2)		41			96			4			141			—			141
Amortization of acquisition-related intangible assets		106			86			9			201			—			201

(1)During the second quarter of 2013, the Company completed a review of its accounting practices related to vacation pay obligations.  In countries where the vacation policy stipulated that vacation days earned in the current year must be used in that same year, the Company adjusted its quarterly estimate of accrued vacation costs to better match expense recognition with amounts payable to employees when leaving the Company. The impact of the change in estimate was an aggregate decrease to costs and expenses of $10 million for the three month period ended June30, 2013. The impact of this change is expected to be negligible for the full year.

(2)Includes amortization of capitalized software.

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Liability for Workforce Reductions and Facility Closures (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Restructuring Cost And Reserve [Line Items]
Beginning Balance	$ 54
Expense	10
Paid	(25)
Other Adjustments	(5)	[1]
Ending Balance	34
Workforce-related
Restructuring Cost And Reserve [Line Items]
Beginning Balance	32
Expense	9
Paid	(20)
Other Adjustments	(5)	[1]
Ending Balance	16
Facilities
Restructuring Cost And Reserve [Line Items]
Beginning Balance	22
Expense	1
Paid	(5)
Ending Balance	$ 18

[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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Consolidated Statements of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Revenue:
Services	$ 944		$ 973		$ 1,893		$ 1,947
License and resale fees	68		84		101		115
Total products and services	1,012		1,057		1,994		2,062
Reimbursed expenses	16		15		29		34
Total revenue	1,028		1,072		2,023		2,096
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)	424		433		861		886
Sales, marketing and administration	242		261		484		514
Product development and maintenance	89		103		189		197
Depreciation	76	[1]	70	[1]	149	[1]	141	[1]
Amortization of acquisition-related intangible assets	86		100		173		201
Total costs and expenses	917		967		1,856		1,939
Operating income (loss)	111		105		167		157
Interest expense and amortization of deferred financing fees	(98)		(101)		(206)		(223)
Loss on extinguishment of debt			(36)		(5)		(51)
Other income (expense)	(2)				(1)		2
Income (loss) from continuing operations before income taxes	11		(32)		(45)		(115)
Benefit from (provision for) income taxes	4		24		13		31
Income (loss) from continuing operations	15		(8)		(32)		(84)
Income (loss) from discontinued operations, net of tax							311
Net income (loss)	15		(8)		(32)		227
Income attributable to the noncontrolling interest (including $- million, $1 million, $- million and $1 million in temporary equity)	(47)		(60)		(72)		(122)
Net income (loss) attributable to SunGard Capital Corp	(32)		(68)		(104)		105
Other Comprehensive income (loss):
Foreign currency translation, net	2		(44)		(44)		(11)
Unrealized gain (loss) on derivative instruments, net of tax	(1)		3		1		6
Other, net of tax	(5)				(5)
Other Comprehensive income (loss), net of tax	(4)		(41)		(48)		(5)
Comprehensive income (loss) including noncontrolling interest	11		(49)		(80)		222
Comprehensive income (loss) attributable to the noncontrolling interest	(47)		(60)		(72)		(122)
Comprehensive income (loss)	(36)		(109)		(152)		100
SunGard Capital Corp. II
Revenue:
Services	944		973		1,893		1,947
License and resale fees	68		84		101		115
Total products and services	1,012		1,057		1,994		2,062
Reimbursed expenses	16		15		29		34
Total revenue	1,028		1,072		2,023		2,096
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)	424		433		861		886
Sales, marketing and administration	242		261		484		514
Product development and maintenance	89		103		189		197
Depreciation	76		70		149		141
Amortization of acquisition-related intangible assets	86		100		173		201
Total costs and expenses	917		967		1,856		1,939
Operating income (loss)	111		105		167		157
Interest expense and amortization of deferred financing fees	(98)		(101)		(206)		(223)
Loss on extinguishment of debt			(36)		(5)		(51)
Other income (expense)	(2)				(1)		2
Income (loss) from continuing operations before income taxes	11		(32)		(45)		(115)
Benefit from (provision for) income taxes	4		24		13		31
Income (loss) from continuing operations	15		(8)		(32)		(84)
Income (loss) from discontinued operations, net of tax							311
Net income (loss)	15		(8)		(32)		227
Other Comprehensive income (loss):
Foreign currency translation, net	2		(44)		(44)		(11)
Unrealized gain (loss) on derivative instruments, net of tax	(1)		3		1		6
Other, net of tax	(5)				(5)
Comprehensive income (loss)	11		(49)		(80)		222
SunGard Data Systems Inc.
Revenue:
Services	944		973		1,893		1,947
License and resale fees	68		84		101		115
Total products and services	1,012		1,057		1,994		2,062
Reimbursed expenses	16		15		29		34
Total revenue	1,028		1,072		2,023		2,096
Costs and expenses:
Cost of sales and direct operating (excluding depreciation)	424		433		861		886
Sales, marketing and administration	242		261		484		514
Product development and maintenance	89		103		189		197
Depreciation	76		70		149		141
Amortization of acquisition-related intangible assets	86		100		173		201
Total costs and expenses	917		967		1,856		1,939
Operating income (loss)	111		105		167		157
Interest expense and amortization of deferred financing fees	(98)		(101)		(206)		(223)
Loss on extinguishment of debt			(36)		(5)		(51)
Other income (expense)	(2)				(1)		2
Income (loss) from continuing operations before income taxes	11		(32)		(45)		(115)
Benefit from (provision for) income taxes	4		24		13		31
Income (loss) from continuing operations	15		(8)		(32)		(84)
Income (loss) from discontinued operations, net of tax					0		311
Net income (loss)	15		(8)		(32)		227
Other Comprehensive income (loss):
Foreign currency translation, net	2		(44)		(44)		(11)
Unrealized gain (loss) on derivative instruments, net of tax	(1)		3		1		6
Other, net of tax	(5)				(5)
Comprehensive income (loss)	$ 11		$ (49)		$ (80)		$ 222

[1] Includes amortization of capitalized software.

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Discontinued Operations

6 Months Ended

Jun. 30, 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 for the three and six months ended June30, 2012 reflect the impact of these sales.

The results for the discontinued operations for the three and six months ended June30, 2012 and 2013 were as follows (in millions):

	ThreeMonthsEnded June30,				SixMonthsEnded June30,
	2012		2013		2012			2013
Revenue	$	13	$	-	$	50		$	-
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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Goodwill and Intangibles (Tables)

6 Months Ended

Jun. 30, 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 December31, 2012	$	3,516		$	2,243		$	544	$	6,303		$		(1,547	)	$	(217	)	$	(1,764	)	$	4,539
Effect of foreign currency translation		(16	)		(12	)		—		(28	)			—			—			—			(28	)
Other		(1	)		—			—		(1	)			—			—			—			(1	)
Balance at June30, 2013	$	3,499		$	2,231		$	544	$	6,274		$		(1,547	)	$	(217	)	$	(1,764	)	$	4,510

Future Amortization of Acquisition-Related Intangible Assets

Based on amounts recorded at June30, 2013, total expected amortization of all acquisition-related intangible assets in each of the years ended December31 follows (in millions):

2013	$	340
2014		290
2015		234
2016		214
2017		207

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Supplemental Condensed Consolidating Balance Sheet (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 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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Employee Termination Benefits and Facility Closures

6 Months Ended

Jun. 30, 2013

Employee Termination Benefits and Facility Closures

11. 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 June30, 2013 (in millions):

	Balance 12/31/2012		Expense		Paid			Other Adjustments*			Balance 6/30/2013
Workforce-related	$	32	$	9	$	(20	)	$	(5	)	$	16
Facilities		22		1		(5	)		—			18
Total	$	54	$	10	$	(25	)	$	(5	)	$	34

*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.

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Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Jun. 30, 2013
Income Taxes [Line Items]
Income tax benefit associated with a tax accounting method change related to certain lease related reserves	$ 9

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Supplemental Condensed Consolidating Schedule of Comprehensive Income (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Condensed Financial Statements Captions [Line Items]
Total revenue	$ 1,028		$ 1,072		$ 2,023		$ 2,096
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)			797				1,597
Depreciation	76	[1]	70	[1]	149	[1]	141	[1]
Amortization of acquisition-related intangible assets	86		100		173		201
Total costs and expenses	917		967		1,856		1,939
Operating income (loss)	111		105		167		157
Benefit from (provision for) income taxes	4		24		13		31
Income (loss) from continuing operations	15		(8)		(32)		(84)
Income (loss) from discontinued operations							311
Net income (loss)	15		(8)		(32)		227
Comprehensive income (loss)	(36)		(109)		(152)		100
Parent
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)	26		24		49		49
Total costs and expenses	26		24		49		49
Operating income (loss)	(26)		(24)		(49)		(49)
Net interest income (expense)	(91)		(95)		(192)		(209)
Equity in earnings of unconsolidated subsidiaries	94		44	[2]	135		204	[3]
Other income (expense)			(36)		(5)		(51)
Income (loss) from continuing operations before income taxes	(23)		(111)		(111)		(105)
Benefit from (provision for) income taxes	38		97		79		107
Income (loss) from continuing operations	15		(14)		(32)		2
Income (loss) from discontinued operations			6				225
Net income (loss)	15		(8)		(32)		227
Comprehensive income (loss)	11		(49)		(80)		222
Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Total revenue	708		732		1,400		1,445
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)	511		522		1,020		1,056
Depreciation	51		48		100		96
Amortization of acquisition-related intangible assets	70		85		141		169
Total costs and expenses	632		655		1,261		1,321
Operating income (loss)	76		77		139		124
Net interest income (expense)	(1)				(1)
Equity in earnings of unconsolidated subsidiaries	47		13	[2]	55		40	[3]
Income (loss) from continuing operations before income taxes	122		90		193		164
Benefit from (provision for) income taxes	(28)		(47)		(58)		(50)
Income (loss) from continuing operations	94		43		135		114
Income (loss) from discontinued operations			1				90
Net income (loss)	94		44		135		204
Comprehensive income (loss)	87		14		88		199
Non-Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Total revenue	418		426		799		824
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)	316		337		641		665
Depreciation	25		22		49		45
Amortization of acquisition-related intangible assets	16		15		32		32
Total costs and expenses	357		374		722		742
Operating income (loss)	61		52		77		82
Net interest income (expense)	(6)		(6)		(13)		(14)
Other income (expense)	(2)				(1)		2
Income (loss) from continuing operations before income taxes	53		46		63		70
Benefit from (provision for) income taxes	(6)		(26)		(8)		(26)
Income (loss) from continuing operations	47		20		55		44
Income (loss) from discontinued operations			(7)				(4)
Net income (loss)	47		13		55		40
Comprehensive income (loss)	40		(9)		14		40
Eliminations
Condensed Financial Statements Captions [Line Items]
Total revenue	(98)		(86)		(176)		(173)
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)	(98)		(86)		(176)		(173)
Total costs and expenses	(98)		(86)		(176)		(173)
Equity in earnings of unconsolidated subsidiaries	(141)		(57)	[2]	(190)		(244)	[3]
Income (loss) from continuing operations before income taxes	(141)		(57)		(190)		(244)
Income (loss) from continuing operations	(141)		(57)		(190)		(244)
Income (loss) from discontinued operations
Net income (loss)	(141)		(57)		(190)		(244)
Comprehensive income (loss)	(127)		(5)		(102)		(239)
SunGard Data Systems Inc.
Condensed Financial Statements Captions [Line Items]
Total revenue	1,028		1,072		2,023		2,096
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)	755		797		1,534		1,597
Depreciation	76		70		149		141
Amortization of acquisition-related intangible assets	86		100		173		201
Total costs and expenses	917		967		1,856		1,939
Operating income (loss)	111		105		167		157
Net interest income (expense)	(98)		(101)		(206)		(223)
Other income (expense)	(2)		(36)		(6)		(49)
Income (loss) from continuing operations before income taxes	11		(32)		(45)		(115)
Benefit from (provision for) income taxes	4		24		13		31
Income (loss) from continuing operations	15		(8)		(32)		(84)
Income (loss) from discontinued operations					0		311
Net income (loss)	15		(8)		(32)		227
Comprehensive income (loss)	$ 11		$ (49)		$ (80)		$ 222

[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 June 30, 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.

[3] The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the sixmonths ended June 30, 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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Unrealized Gains Losses on Derivative Instruments (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Unrealized gain (loss) on derivative instruments, net of tax	$ (1)	$ 3	$ 1	$ 6
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 derivative instruments and other	(1)
Gain (loss) on derivatives reclassified into income		4	2	8
Less: income tax benefit (expense)		(1)	(1)	(2)
Unrealized gain (loss) on derivative instruments, net of tax	(1)	3	1	6
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | Interest Rate Contracts
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Gain (loss) on derivatives reclassified into income	1	2	4	6
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | Forward currency hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Gain (loss) on derivatives reclassified into income	$ (1)	$ 2	$ (2)	$ 2

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June30, 2013 (in millions):

	FairValueMeasuresUsing
	Level1		Level2		Level3		Total
Assets
Cash and cash equivalents—money market funds	$	220	$	—	$	—	$	220
Interest rate swap agreements		—		5		—		5
Currency forward contracts		—		1		—		1
Total		220		6		—		226
Liabilities
Interest rate swap agreements	$	—	$	—	$	—	$	—

The following table summarizes assets and liabilities measured at fair value on a recurring basis at December31, 2012 (in millions):

	Fair Value Measures Using
	Level1		Level2		Level3		Total
Assets
Cash and cash equivalents—money market funds	$	227	$	—	$	—	$	227
Interest rate swap agreements		—		—		—		—
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 December31, 2012 and June30, 2013 (in millions):

	December31, 2012					June30, 2013
	Carrying Value		Fair Value		Carrying Value			Fair Value
Floating rate debt	$	3,803	$	3,826	$		3,645	$	3,656
Fixed rate debt		2,859		3,023			2,861		2,963

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Debt and Derivatives (Tables)

6 Months Ended

Jun. 30, 2013

Debt

Debt consisted of the following (in millions):

	December31, 2012			June30, 2013
Senior Secured Credit Facilities:
Secured revolving credit facility	$	—		$	-
Tranche A, effective interest rate of 1.96% and 1.94%		207			107
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			716
Tranche E, effective interest rate of 4.04%		—			2,195
Total Senior Secured Credit Facilities		3,554			3,445
Senior Secured Notes due 2014 at 4.875%, net of discount of $4 and $2		246			248
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 3.69%		250			200
Other, primarily foreign bank debt and capital lease obligations		12			13
Total debt		6,662			6,506
Short-term borrowings and current portion of long-term debt		(63	)		(392	)
Long-term debt	$	6,599		$	6,114

Interest Rate Swaps

A summary of the Company’s interest rate swaps at June30, 2013 follows (in millions):

Inception	Maturity		Notional Amount (inmillions)		Interest rate paid			Interest rate received (LIBOR)
August-September 2012		February2017	$	400		0.69	%		1-Month
June 2013		June 2019		100		1.86	%		3-Month
Total / Weighted Average			$	500		0.93	%

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Rollforward of SCC's Equity (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Stockholders Equity [Line Items]
Beginning Balance			$ (961)
Net income (loss)	(32)	(68)	(104)	105
Net income (loss)	47	60	72	122
Other	(5)		(5)
Comprehensive income (loss)	(36)	(109)	(152)	100
Comprehensive income (loss)	47	60	72	122
Stock compensation expense	12	9	23	20
Ending Balance	(1,110)		(1,110)
SunGard Capital Corp. stockholders
Stockholders Equity [Line Items]
Beginning Balance			(911)	(610)
Net income (loss)			(104)	105
Foreign currency translation			(44)	(11)
Net unrealized gain on derivative instruments			1	6
Other			(5)
Comprehensive income (loss)			(152)	100
Stock compensation expense			23	20
Termination of put options due to employee terminations and other			2	1
Purchase of treasury stock			(4)	(5)
Transfer intrinsic value of vested restricted stock units			(9)	(7)
Other			(6)	(8)
Ending Balance	(1,057)	(509)	(1,057)	(509)
SunGard Capital Corp. stockholders | Class L - temporary equity
Stockholders Equity [Line Items]
Beginning Balance			45	47
Net income (loss)
Foreign currency translation
Net unrealized gain on derivative instruments
Other
Comprehensive income (loss)
Stock compensation expense
Termination of put options due to employee terminations and other			(8)	(8)
Purchase of treasury stock
Transfer intrinsic value of vested restricted stock units			12	11
Other
Ending Balance	49	50	49	50
SunGard Capital Corp. stockholders | Class A - temporary equity
Stockholders Equity [Line Items]
Beginning Balance			5	6
Net income (loss)
Foreign currency translation
Net unrealized gain on derivative instruments
Other
Comprehensive income (loss)
Stock compensation expense
Termination of put options due to employee terminations and other			(1)	(1)
Purchase of treasury stock
Transfer intrinsic value of vested restricted stock units				1
Other
Ending Balance	4	6	4	6
SunGard Capital Corp. stockholders | Permanent equity
Stockholders Equity [Line Items]
Beginning Balance			(961)	(663)
Net income (loss)			(104)	105
Foreign currency translation			(44)	(11)
Net unrealized gain on derivative instruments			1	6
Other			(5)
Comprehensive income (loss)			(152)	100
Stock compensation expense			23	20
Termination of put options due to employee terminations and other			11	10
Purchase of treasury stock			(4)	(5)
Transfer intrinsic value of vested restricted stock units			(21)	(19)
Other			(6)	(8)
Ending Balance	(1,110)	(565)	(1,110)	(565)
Noncontrolling Interest
Stockholders Equity [Line Items]
Beginning Balance			1,601	2,066
Net income (loss)			72	122
Foreign currency translation
Net unrealized gain on derivative instruments
Other
Comprehensive income (loss)			72	122
Stock compensation expense
Termination of put options due to employee terminations and other			(2)	(2)
Purchase of treasury stock			(2)	(2)
Transfer intrinsic value of vested restricted stock units			8	7
Other
Ending Balance	1,677	2,191	1,677	2,191
Noncontrolling Interest | Temporary Equity
Stockholders Equity [Line Items]
Beginning Balance			26	28
Net income (loss)			1
Foreign currency translation
Net unrealized gain on derivative instruments
Other
Comprehensive income (loss)			1
Stock compensation expense
Termination of put options due to employee terminations and other			(4)	(5)
Purchase of treasury stock
Transfer intrinsic value of vested restricted stock units			8	7
Other
Ending Balance	31	30	31	30
Noncontrolling Interest | Permanent equity
Stockholders Equity [Line Items]
Beginning Balance			1,575	2,038
Net income (loss)			71	122
Foreign currency translation
Net unrealized gain on derivative instruments
Other
Comprehensive income (loss)			71	122
Stock compensation expense
Termination of put options due to employee terminations and other			2	3
Purchase of treasury stock			(2)	(2)
Transfer intrinsic value of vested restricted stock units
Other
Ending Balance	$ 1,646	$ 2,161	$ 1,646	$ 2,161

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Discontinued Operations - Additional Information (Detail) In Millions, unless otherwise specified	1 Months Ended
	Jan. 31, 2012 USD ($)	Jul. 31, 2012 Sun Gard Global Services France EUR (€)	Jan. 31, 2012 Segment, Discontinued Operations Sun Gard's HE Business USD ($)
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

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Debt (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Total debt	$ 6,506	$ 6,662
Short-term borrowings and current portion of long-term debt	(392)	(63)
Long-term debt	6,114	6,599
Senior Secured Credit Facility
Debt Instrument [Line Items]
Debt agreement, outstanding amount	3,445	3,554
Senior Secured Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Debt agreement, outstanding amount
Senior Secured Credit Facility | Tranche A
Debt Instrument [Line Items]
Debt agreement, outstanding amount	107	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	716	720
Senior Secured Credit Facility | Tranche E
Debt Instrument [Line Items]
Debt agreement, outstanding amount	2,195
Senior Secured Notes 4.875% due 2014
Debt Instrument [Line Items]
Senior Notes or Senior Subordinated Notes	248	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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Operating Results for Each Segment (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended			6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012	Jun. 30, 2013		Jun. 30, 2012
Selected Financial Information [Line Items]
Revenue	$ 1,028		$ 1,072	$ 2,023		$ 2,096
Internal Adjusted EBITDA	308		312	557		567
Internal Adjusted EBITDA margin	29.90%		29.10%	27.50%		27.00%
Year to year revenue change	(4.00%)			(4.00%)
Year to year Internal Adjusted EBITDA change	(1.00%)			(2.00%)
Financial Systems
Selected Financial Information [Line Items]
Revenue	632		670	1,232		1,288
Internal Adjusted EBITDA	178	[1]	178	308	[1]	304
Internal Adjusted EBITDA margin	28.20%		26.60%	25.00%		23.60%
Year to year revenue change	(6.00%)			(4.00%)
Year to year Internal Adjusted EBITDA change				1.00%
Availability Services
Selected Financial Information [Line Items]
Revenue	344		351	689		706
Internal Adjusted EBITDA	112		118	217		231
Internal Adjusted EBITDA margin	32.50%		33.70%	31.50%		32.70%
Year to year revenue change	(2.00%)			(2.00%)
Year to year Internal Adjusted EBITDA change	(5.00%)			(6.00%)
Public Sector and Education
Selected Financial Information [Line Items]
Revenue	52		51	102		102
Internal Adjusted EBITDA	$ 18		$ 16	$ 32		$ 32
Internal Adjusted EBITDA margin	32.90%		30.00%	31.10%		31.30%
Year to year revenue change	2.00%
Year to year Internal Adjusted EBITDA change	12.00%			(1.00%)

[1] During the second quarter of 2013, the Company completed a review of its accounting practices related to vacation pay obligations. In countries where the vacation policy stipulated that vacation days earned in the current year must be used in that same year, the Company adjusted its quarterly estimate of accrued vacation costs to better match expense recognition with amounts payable to employees when leaving the Company. The impact of the change in estimate was an aggregate decrease to costs and expenses of $10 million for the three month period ended June 30, 2013. The impact of this change is expected to be negligible for the full year.

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Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 2013

Supplemental Condensed Consolidating Balance Sheet

(in millions)	SupplementalCondensedConsolidatingBalanceSheet December31, 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 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 borrower under the secured accounts receivable facility, which is a non-Guarantor subsidiary, 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 June 30, 2013
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current:
Cash and cash equivalents	$	192	$	1		$	$	345	$	—		$	$	538
Intercompany balances		—		2,753				713		(3,466	)			—
Trade receivables, net		8		516	(b)			220		—				744
Prepaid expenses, taxes and other current assets		1,395		77				106		(1,340	)			238
Total current assets		1,595		3,347				1,384		(4,806	)			1,520
Property and equipment, net		—		546				269		—				815
Intangible assets, net		115		2,272				364		—				2,751
Deferred income taxes		37		—				—		(37	)			—
Intercompany balances		251		5				78		(334	)			—
Goodwill		—		3,468				1,042		—				4,510
Investment in subsidiaries		8,640		2,040				—		(10,680	)			—
Total Assets	$	10,638	$	11,678		$		3,137	$	(15,857	)	$		9,596
Liabilities and Stockholder’s Equity
Current:
Short-term and current portion of long-term debt	$	384	$	1		$		7	$	—		$	$	392
Intercompany balances		3,466		—				—		(3,466	)			—
Accounts payable and other current liabilities		62		2,035				546		(1,340	)			1,303
Total current liabilities		3,912		2,036				553		(4,806	)			1,695
Long-term debt		5,908		2				204		—				6,114
Intercompany debt		83		—				251		(334	)			—
Deferred and other income taxes		91		951				45		(37	)			1,050
Other liabilities		—		49				44		—				93
Total liabilities		9,994		3,038				1,097		(5,177	)			8,952
Total stockholder’s equity		644		8,640				2,040		(10,680	)			644
Total Liabilities and Stockholder’s Equity	$	10,638	$	11,678		$		3,137	$	(15,857	)	$		9,596

(b)This balance is primarily comprised of a receivable from the borrower under the secured accounts receivable facility, which is a non-Guarantor subsidiary, 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 June 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	732		$	426		$	(86	)	$	1,072
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		24			522			337			(86	)		797
Depreciation		—			48			22			—			70
Amortization of acquisition-related intangible assets					85			15			—			100
Total costs and expenses		24			655			374			(86	)		967
Operating income (loss)		(24	)		77			52			—			105
Net interest income (expense)		(95	)		—			(6	)		—			(101	)
Equity in earnings of unconsolidated subsidiaries (c)		44			13			—			(57	)		—
Other income (expense)		(36	)		—			—			—			(36	)
Income (loss) from continuing operations before income taxes		(111	)		90			46			(57	)		(32	)
Benefit from (provision for) income taxes		97			(47	)		(26	)		—			24
Income (loss) from continuing operations		(14	)		43			20			(57	)		(8	)
Income (loss) from discontinued operations, net of tax		6			1			(7	)		—			—
Net income (loss)		(8	)		44			13			(57	)		(8	)
Comprehensive income (loss)	$	(49	)	$	14		$	(9	)	$	(5	)	$	(49	)

(c)The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the three months ended June30, 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 $50 million to $44 million; Income (loss) from continuing operations changed from $(8) million to $(14) million; and Income (loss) from discontinued operations, net of tax changed from $- million to $6 million. For the Guarantor Subsidiaries in 2012, Equity in earnings of unconsolidated subsidiaries changed from $20 million to $13 million; Income (loss) from continuing operations changed from $50 million to $43 million; and Income (loss) from discontinued operations, net of tax changed from $(6) million to $1 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 June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries				Eliminations			Consolidated
Total revenue	$	—		$	708		$		418		$	(98	)	$	1,028
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		26			511				316			(98	)		755
Depreciation		—			51				25			—			76
Amortization of acquisition-related intangible assets		—			70				16			—			86
Total costs and expenses		26			632				357			(98	)		917
Operating income (loss)		(26	)		76				61			—			111
Net interest income (expense)		(91	)		(1	)		(6		)		—			(98	)
Equity in earnings of unconsolidated subsidiaries		94			47				-			(141	)		-
Other income (expense)		—			—			(2		)		—			(2	)
Income (loss) from continuing operations before income taxes		(23	)		122				53			(141	)		11
Benefit from (provision for) income taxes		38			(28	)		(6		)		—			4
Income (loss) from continuing operations		15			94				47			(141	)		15
Income (loss) from discontinued operations, net of tax		—			—				-			—			-
Net income (loss)		15			94		$	$	47			(141	)		15
Comprehensive income (loss)	$	11		$	87		$		40		$	(127	)	$	11

	SupplementalCondensedConsolidatingScheduleofComprehensiveIncome
(in millions)	Six Months Ended June 30, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	1,445		$	824		$	(173	)	$	2,096
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		49			1,056			665			(173	)		1,597
Depreciation		—			96			45			—			141
Amortization of acquisition-related intangible assets		—			169			32			—			201
Total costs and expenses		49			1,321			742			(173	)		1,939
Operating income (loss)		(49	)		124			82			—			157
Net interest income (expense)		(209	)		—			(14	)		—			(223	)
Equity in earnings of unconsolidated subsidiaries (d)		204			40			—			(244	)		—
Other income (expense)		(51	)		—			2			—			(49	)
Income (loss) from continuing operations before income taxes		(105	)		164			70			(244	)		(115	)
Benefit from (provision for) income taxes		107			(50	)		(26	)		—			31
Income (loss) from continuing operations		2			114			44			(244	)		(84	)
Income (loss) from discontinued operations, net of tax		225			90			(4	)		—			311
Net income (loss)		227			204			40			(244	)		227
Comprehensive income (loss)	$	222		$	199		$	40		$	(239	)	$	222

(d)The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the sixmonths ended June 30, 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 $117 million to $204 million; Income (loss) from continuing operations changed from $(85) million to $2 million; and Income (loss) from discontinued operations, net of tax changed from $312 million to $225 million. For the Guarantor Subsidiaries in 2012, Equity in earnings of unconsolidated subsidiaries changed from $43 million to $40 million; Income (loss) from continuing operations changed from $117 million to $114 million; and Income (loss) from discontinued operations, net of tax changed from $87 million to $90 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)	SupplementalCondensedConsolidatingScheduleofComprehensiveIncome Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	1,400		$	799		$	(176	)	$	2,023
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		49			1,020			641			(176	)		1,534
Depreciation		—			100			49			—			149
Amortization of acquisition-related intangible assets		—			141			32			—			173
Total costs and expenses		49			1,261			722			(176	)		1,856
Operating income (loss)		(49	)		139			77			—			167
Net interest income (expense)		(192	)		(1	)		(13	)		—			(206	)
Equity in earnings of unconsolidated subsidiaries		135			55			—			(190	)		—
Other income (expense)		(5	)		—			(1	)		—			(6	)
Income (loss) from continuing operations before income taxes		(111	)		193			63			(190	)		(45	)
Benefit from (provision for) income taxes		79			(58	)		(8	)		—			13
Income (loss) from continuing operations		(32	)		135			55			(190	)		(32	)
Income (loss) from discontinued operations, net of tax		—			—			—			—			—
Net income (loss)		(32	)		135			55			(190	)		(32	)
Comprehensive income (loss)	$	(80	)	$	88		$	14		$	(102	)	$	(80	)

Supplemental Condensed Consolidating Schedule of Cash Flows

	SupplementalCondensedConsolidatingScheduleofCashFlows
(in millions)	SixMonthsEndedJune30, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	227		$	204		$	40		$	(244	)	$	227
Income (loss) from discontinued operations		225			90			(4	)		—			311
Income (loss) from continuing operations		2			114			44			(244	)		(84	)
Non cash adjustments		(74	)		202			73			244			445
Changes in operating assets and liabilities		(151	)		30			(17	)		—			(138	)
Cash flow from (used in) continuing operations		(223	)		346			100			—			223
Cash flow from (used in) discontinued operations		(240	)		3			—			—			(237	)
Cash flow from (used in) operations		(463	)		349			100			—			(14	)
Investment activities:
Intercompany transactions (e)		2,115			(223	)		(121	)		(1,771	)		—
Cash paid for acquired businesses, net of cash acquired		—			—			(9	)		—			(9	)
Cash paid for property and equipment and software		—			(83	)		(32	)		—			(115	)
Other investing activities		—			—			3			—			3
Cash provided by (used in) continuing operations		2,115			(306	)		(159	)		(1,771	)		(121	)
Cash provided by (used in) discontinued operations		—			1,742			—			—			1,742
Cash provided by (used in) investment activities		2,115			1,436			(159	)		(1,771	)		1,621
Financing activities:
Intercompany dividends of HE sale proceeds		—			(1,771	)		—			1,771			—
Intercompany dividends		—			—			—			—			—
Net repayments of long-term debt		(1,742	)		—			—			—			(1,742	)
Premium paid to retire debt		(27	)		—			—			—			(27	)
Other financing activities		(15	)		—			—			—			(15	)
Cash provided by (used in) continuing operations		(1,784	)		(1,771	)		—			1,771			(1,784	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) financing activities		(1,784	)		(1,771	)		—			1,771			(1,784	)
Effect of exchange rate changes on cash		—			—			3			—			3
Increase (decrease) in cash and cash equivalents		(132	)		14			(56	)		—			(174	)
Beginning cash and cash equivalents		529			(15	)		359			—			873
Ending cash and cash equivalents	$	397		$	(1	)	$	303		$	—		$	699

(e)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.

	Supplemental Condensed Consolidating Schedule of Cash Flows
(in millions)	Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	(32	)	$	135		$	55		$	(190	)	$	(32	)
Income (loss) from discontinued operations		—			—			—			—			-
Income (loss) from continuing operations		(32	)		135			55			(190	)		(32	)
Non cash adjustments		(84	)		138			59			190			303
Changes in operating assets and liabilities		(96	)		96			35			—			35
Cash flow from (used in) continuing operations		(212	)		369			149			—			306
Cash flow from (used in) discontinued operations		—			—			—			—			—
Cash flow from (used in) operations		(212	)		369			149			—			306
Investment activities:
Intercompany transactions		335			(228	)		23			(130	)		-
Cash paid for acquired businesses, net of cash acquired		—			(1	)		—			—			(1	)
Cash paid for property and equipment and software		—			(71	)		(30	)		—			(101	)
Other investing activities		—			-			1			—			1
Cash provided by (used in) continuing operations		335			(300	)		(6	)		(130	)		(101	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) investment activities		335			(300	)		(6	)		(130	)		(101	)
Financing activities:
Intercompany dividends of HE sale proceeds		—			—			—			—			—
Intercompany dividends		—			(65	)		(65	)		130			—
Net repayments of long-term debt		(136	)		—			(50	)		—			(186	)
Premium paid to retire debt		—			—			—			—			—
Other financing activities		(15	)		—			—			—			(15	)
Cash provided by (used in) continuing operations		(151	)		(65	)		(115	)		130			(201	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) financing activities		(151	)		(65	)		(115	)		130			(201	)
Effect of exchange rate changes on cash		—			—			(12	)		—			(12	)
Increase (decrease) in cash and cash equivalents		(28	)		4			16			—			(8	)
Beginning cash and cash equivalents		220			(3	)		329			—			546
Ending cash and cash equivalents	$	192		$	1		$	345		$	—		$	538

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Debt and Derivatives - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended					1 Months Ended		1 Months Ended							1 Months Ended
	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Jun. 30, 2013 One Month Libor	Jun. 30, 2013 Three Month Libor	Mar. 31, 2013 Refinancing of Debt	Jun. 30, 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	Jan. 31, 2013 Accounts Receivable Facilities	Jun. 30, 2013 Senior Secured Credit Facility Tranche A	Mar. 31, 2013 Senior Secured Credit Facility Tranche A
Debt Instrument [Line Items]
Payment of revolving commitment of secured accounts receivable facility																$ 50
Proceeds from term loan		2,173	(17)						2,200
Credit Facility, maturity date									Mar. 08, 2020
Cash used to repay debt		2,359	1,725							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	(36)	(5)	(51)				5
Repayment of term loan																	50	50
Interest rate received					0.19%	0.27%
Settlement of interest rate swaps		500
Maturity of interest rate swaps agreement		2013-05
Cash flow hedging instruments		5		5
Interest rate swaps, amount expected to be reclassified from OCI into earnings in the next twelve months		$ 3

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Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June30, 2012 and 2013 (in millions):

	Threemonthsended June30,						Sixmonthsended June30,
Other Comprehensive Income Components	2012			2013			2012			2013			AffectedLineItemintheStatementofComprehensive Income for Components Reclassified from OCI
Unrealized gain (loss) on derivative instruments and other	$	—		$	(1	)	$	—		$	—
Less: gain (loss) on derivatives reclassified into income
Interest rate contracts		2			1			6			4		Interest expense and amortization of deferred financingfees
Forward currency hedges		2			(1	)		2			(2	)	Cost of sales and direct operating
Total reclassified into income		4			—			8			2
Less: income tax benefit (expense)		(1	)		—			(2	)		(1	)
Unrealized gain (loss) on derivative instruments, net of tax	$	3		$	(1	)	$	6		$	1

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 June30, 2013 as follows (in millions):

	GainsandLosseson Derivative Instruments		Currency Translation			Other			Total Accumulated Other Comprehensive Income (loss)
Balance at December31, 2012	$	2	$	(4	)	$	(1	)	$	(3	)
Other comprehensive income before reclassifications		—		(44	)		(5	)		(49	)
Amounts reclassified from accumulated other comprehensive income net of tax		1		—			—			1
Net current-period other comprehensive income		1		(44	)		(5	)		(48	)
Balance at June30, 2013	$	3	$	(48	)	$	(6	)	$	(51	)

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Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flow from operations:
Net income (loss)	$ (32)	$ 227
Income (loss) from discontinued operations		311
Income (loss) from continuing operations	(32)	(84)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization	322	342
Deferred income tax provision (benefit)	(73)	14
Stock compensation expense	23	20
Amortization of deferred financing costs and debt discount	24	19
Loss on extinguishment of debt	5	51
Other noncash items	2	(1)
Accounts receivable and other current assets	130	110
Accounts payable and accrued expenses	(80)	(203)
Deferred revenue	(17)	(45)
Cash flow from (used in) continuing operations	304	223
Cash flow from (used in) discontinued operations		(237)
Cash flow from (used in) operations	304	(14)
Investment activities:
Cash paid for acquired businesses, net of cash acquired	(1)	(9)
Cash paid for property and equipment, and software	(101)	(115)
Other investing activities	1	3
Cash provided by (used in) continuing operations	(101)	(121)
Cash provided by (used in) discontinued operations		1,742
Cash provided by (used in) investment activities	(101)	1,621
Financing activities:
Cash received from borrowings, net of fees	2,173	(17)
Cash used to repay debt	(2,359)	(1,725)
Premium paid to retire debt		(27)
Cash used to purchase treasury stock	(6)	(8)
Other financing activities	(7)	(7)
Cash provided by (used in) continuing operations	(199)	(1,784)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(199)	(1,784)
Effect of exchange rate changes on cash	(12)	3
Increase (decrease) in cash and cash equivalents	(8)	(174)
Beginning cash and cash equivalents	546	873
Ending cash and cash equivalents	538	699
Supplemental information:
Interest paid	183	228
Income taxes paid, net of refunds of $5 million and $4 million, respectively	52	279
SunGard Capital Corp. II
Cash flow from operations:
Net income (loss)	(32)	227
Income (loss) from discontinued operations		311
Income (loss) from continuing operations	(32)	(84)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization	322	342
Deferred income tax provision (benefit)	(73)	14
Stock compensation expense	23	20
Amortization of deferred financing costs and debt discount	24	19
Loss on extinguishment of debt	5	51
Other noncash items	2	(1)
Accounts receivable and other current assets	130	110
Accounts payable and accrued expenses	(78)	(203)
Deferred revenue	(17)	(45)
Cash flow from (used in) continuing operations	306	223
Cash flow from (used in) discontinued operations		(237)
Cash flow from (used in) operations	306	(14)
Investment activities:
Cash paid for acquired businesses, net of cash acquired	(1)	(9)
Cash paid for property and equipment, and software	(101)	(115)
Other investing activities	1	3
Cash provided by (used in) continuing operations	(101)	(121)
Cash provided by (used in) discontinued operations		1,742
Cash provided by (used in) investment activities	(101)	1,621
Financing activities:
Cash received from borrowings, net of fees	2,173	(17)
Cash used to repay debt	(2,359)	(1,725)
Premium paid to retire debt		(27)
Cash used to purchase treasury stock	(2)	(4)
Other financing activities	(13)	(11)
Cash provided by (used in) continuing operations	(201)	(1,784)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(201)	(1,784)
Effect of exchange rate changes on cash	(12)	3
Increase (decrease) in cash and cash equivalents	(8)	(174)
Beginning cash and cash equivalents	546	873
Ending cash and cash equivalents	538	699
Supplemental information:
Interest paid	183	228
Income taxes paid, net of refunds of $5 million and $4 million, respectively	52	279
SunGard Data Systems Inc.
Cash flow from operations:
Net income (loss)	(32)	227
Income (loss) from discontinued operations	0	311
Income (loss) from continuing operations	(32)	(84)
Reconciliation of income (loss) from continuing operations to cash flow from (used in) operations:
Depreciation and amortization	322	342
Deferred income tax provision (benefit)	(73)	14
Stock compensation expense	23	20
Amortization of deferred financing costs and debt discount	24	19
Loss on extinguishment of debt	5	51
Other noncash items	2	(1)
Accounts receivable and other current assets	130	110
Accounts payable and accrued expenses	(78)	(203)
Deferred revenue	(17)	(45)
Cash flow from (used in) continuing operations	306	223
Cash flow from (used in) discontinued operations		(237)
Cash flow from (used in) operations	306	(14)
Investment activities:
Cash paid for acquired businesses, net of cash acquired	(1)	(9)
Cash paid for property and equipment, and software	(101)	(115)
Other investing activities	1	3
Cash provided by (used in) continuing operations	(101)	(121)
Cash provided by (used in) discontinued operations		1,742
Cash provided by (used in) investment activities	(101)	1,621
Financing activities:
Cash received from borrowings, net of fees	2,173	(17)
Cash used to repay debt	(2,359)	(1,725)
Premium paid to retire debt		(27)
Other financing activities	(15)	(15)
Cash provided by (used in) continuing operations	(201)	(1,784)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities	(201)	(1,784)
Effect of exchange rate changes on cash	(12)	3
Increase (decrease) in cash and cash equivalents	(8)	(174)
Beginning cash and cash equivalents	546	873
Ending cash and cash equivalents	538	699
Supplemental information:
Interest paid	183	228
Income taxes paid, net of refunds of $5 million and $4 million, respectively	$ 52	$ 279

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Basis of Presentation

6 Months Ended

Jun. 30, 2013

Basis of Presentation

1. Basis of Presentation:

SunGard Data Systems Inc. (“SunGard”) was acquired on August11, 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 December31, 2012. Interim financial reporting does not include all of the information and footnotes required byGAAP 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 December31, 2013.

As discussed in Note 2 and Note 13, the presentation of certain prior-year amounts has been revised to conform to the current-year presentation.

Recent Accounting Pronouncements

On July27, 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 September15, 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.

In July 2013, the FASB issued guidance regarding the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Under certain circumstances, unrecognized tax benefits should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The guidance is a change in financial statement presentation only and has no material impact in the consolidated financial results. The guidance is effective beginning January 1, 2014 on either a prospective or retrospective basis.

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Goodwill and Intangibles

6 Months Ended

Jun. 30, 2013

Goodwill and Intangibles

4. Goodwill and Intangibles:

Goodwill

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 December31, 2012	$	3,516		$	2,243		$	544	$	6,303		$		(1,547	)	$	(217	)	$	(1,764	)	$	4,539
Effect of foreign currency translation		(16	)		(12	)		—		(28	)			—			—			—			(28	)
Other		(1	)		—			—		(1	)			—			—			—			(1	)
Balance at June30, 2013	$	3,499		$	2,231		$	544	$	6,274		$		(1,547	)	$	(217	)	$	(1,764	)	$	4,510

Intangible Assets

Based on amounts recorded at June30, 2013, total expected amortization of all acquisition-related intangible assets in each of the years ended December31 follows (in millions):

2013	$	340
2014		290
2015		234
2016		214
2017		207

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Expense Classification

6 Months Ended

Jun. 30, 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.

The impact within the functional expense areas, including the impact of a business sold in the third quarter of 2012 and currently presented indiscontinued operations, is as follows for the three and six months ended June 30, 2012:

		Three months ended June 30, 2012
		As reported		Impact of discontinued operations			As reported- adjusted for discontinued operations		As revised
Cost of sales and direct operating	$	446	$	(12	)	$	434	$	433
Sales, marketing and administration		266		—			266		261
Product development and maintenance		97		—			97		103
Total functional expenses	$	809	$	(12	)	$	797	$	797

		Six months ended June 30, 2012
		As reported		Impact of discontinued operations			As reported- adjusted for discontinued operations		As revised
Cost of sales and direct operating	$	915	$	(24	)	$	891	$	886
Sales, marketing and administration		524		(3	)		521		514
Product development and maintenance		185		—			185		197
Total functional expenses	$	1,624	$	(27	)	$	1,597	$	1,597

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Debt (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Senior Secured Credit Facility | Tranche A
Debt Instrument [Line Items]
Debt agreement, effective interest rate	1.94%	1.96%
Senior Secured Credit Facility | Tranche B
Debt Instrument [Line Items]
Debt agreement, effective interest rate	4.35%	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	4.04%
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	$ 2	$ 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	3.69%	3.71%

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Equity (Tables)

6 Months Ended

Jun. 30, 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 December31, 2012	$	45		$	5		$	(961	)	$	(911	)	$	26		$	1,575		$	1,601
Net income (loss)		—			—			(104	)		(104	)		1			71			72
Foreign currency translation		—			—			(44	)		(44	)		—			—			—
Net unrealized gain on derivative instruments		—			—			1			1			—			—			—
Other		—			—			(5	)		(5	)		—			—			—
Comprehensive income (loss)		—			—			(152	)		(152	)		1			71			72
Stock compensation expense		—			—			23			23			—			—			—
Termination of put options due to employee terminations and other		(8	)		(1	)		11			2			(4	)		2			(2	)
Purchase of treasury stock		—			—			(4	)		(4	)		—			(2	)		(2	)
Transfer intrinsic value of vested restricted stockunits		12			—			(21	)		(9	)		8			—			8
Other		—			—			(6	)		(6	)		—			—			—
Balance at June30, 2013	$	49		$	4		$	(1,110	)	$	(1,057	)	$	31		$	1,646		$	1,677

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 December31, 2011	$	47		$	6		$	(663	)	$	(610	)		$	28		$	2,038		$	2,066
Net income (loss)		—			—			105			105				—			122			122
Foreign currency translation		—			—			(11	)		(11	)			—			—			—
Net unrealized gain on derivative instruments		—			—			6			6				—			—			—
Comprehensive income (loss)		—			—			100			100				—			122			122
Stock compensation expense		—			—			20			20				—			—			—
Termination of put options due to employee terminations and other		(8	)		(1	)		10			1				(5	)		3			(2	)
Purchase of treasury stock		—			—			(5	)		(5	)			—			(2	)		(2	)
Transfer intrinsic value of vested restricted stockunits		11			1			(19	)		(7	)			7			—			7
Other		—			—			(8	)		(8	)			—			—			—
Balance at June30, 2012	$	50		$	6		$	(565	)	$	(509	)		$	30		$	2,161		$	2,191

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Basis of Presentation - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2013 Segment
Basis Of Presentation [Line Items]
Number of reportable segments	3

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Future Amortization of Acquired Intangible Assets (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013
Schedule Of Estimated Future Amortization Expense [Line Items]
2013	$ 340
2014	290
2015	234
2016	214
2017	$ 207

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Supplemental Condensed Consolidating Balance Sheet (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013		Dec. 31, 2012
Current:
Cash and cash equivalents	$ 538		$ 546
Total current assets	1,520		1,676
Property and equipment, net	815		874
Goodwill	4,510		4,539
Total Assets	9,596		10,018
Current:
Short-term and current portion of long-term debt	392		63
Total current liabilities	1,693		1,507
Long-term debt	6,114		6,599
Deferred and other income taxes	1,057		1,127
Other liabilities	112		95
Total liabilities	8,976		9,328
Total stockholder’s equity	(1,110)		(961)
Total Liabilities and Stockholder’s Equity	9,596		10,018
Parent
Current:
Cash and cash equivalents	192		220
Trade receivables, net	8		3
Prepaid expenses, taxes and other current assets	1,395		1,312
Total current assets	1,595		1,535
Intangible assets, net	115		112
Deferred income taxes	37		39
Intercompany balances	251		254
Investment in subsidiaries	8,640		8,620
Total Assets	10,638		10,560
Current:
Short-term and current portion of long-term debt	384		57
Intercompany balances	3,466		3,199
Accounts payable and other current liabilities	62		70
Total current liabilities	3,912		3,326
Long-term debt	5,908		6,343
Intercompany debt	83		83
Deferred and other income taxes	91		92
Total liabilities	9,994		9,844
Total stockholder’s equity	644		716
Total Liabilities and Stockholder’s Equity	10,638		10,560
Guarantor Subsidiaries
Current:
Cash and cash equivalents	1		(3)
Intercompany balances	2,753		2,457
Trade receivables, net	516	[1]	566	[2]
Prepaid expenses, taxes and other current assets	77		70
Total current assets	3,347		3,090
Property and equipment, net	546		574
Intangible assets, net	2,272		2,413
Intercompany balances	5		7
Goodwill	3,468		3,470
Investment in subsidiaries	2,040		2,101
Total Assets	11,678		11,655
Current:
Short-term and current portion of long-term debt	1
Accounts payable and other current liabilities	2,035		1,983
Total current liabilities	2,036		1,983
Long-term debt	2		2
Deferred and other income taxes	951		1,000
Other liabilities	49		50
Total liabilities	3,038		3,035
Total stockholder’s equity	8,640		8,620
Total Liabilities and Stockholder’s Equity	11,678		11,655
Non-Guarantor Subsidiaries
Current:
Cash and cash equivalents	345		329
Intercompany balances	713		742
Trade receivables, net	220		331
Prepaid expenses, taxes and other current assets	106		89
Total current assets	1,384		1,491
Property and equipment, net	269		300
Intangible assets, net	364		404
Intercompany balances	78		76
Goodwill	1,042		1,069
Total Assets	3,137		3,340
Current:
Short-term and current portion of long-term debt	7		6
Accounts payable and other current liabilities	546		632
Total current liabilities	553		638
Long-term debt	204		254
Intercompany debt	251		254
Deferred and other income taxes	45		67
Other liabilities	44		26
Total liabilities	1,097		1,239
Total stockholder’s equity	2,040		2,101
Total Liabilities and Stockholder’s Equity	3,137		3,340
Eliminations
Current:
Intercompany balances	(3,466)		(3,199)
Prepaid expenses, taxes and other current assets	(1,340)		(1,241)
Total current assets	(4,806)		(4,440)
Deferred income taxes	(37)		(39)
Intercompany balances	(334)		(337)
Investment in subsidiaries	(10,680)		(10,721)
Total Assets	(15,857)		(15,537)
Current:
Intercompany balances	(3,466)		(3,199)
Accounts payable and other current liabilities	(1,340)		(1,241)
Total current liabilities	(4,806)		(4,440)
Intercompany debt	(334)		(337)
Deferred and other income taxes	(37)		(39)
Total liabilities	(5,177)		(4,816)
Total stockholder’s equity	(10,680)		(10,721)
Total Liabilities and Stockholder’s Equity	(15,857)		(15,537)
SunGard Data Systems Inc.
Current:
Cash and cash equivalents	538		546
Trade receivables, net	744		900
Prepaid expenses, taxes and other current assets	238		230
Total current assets	1,520		1,676
Property and equipment, net	815		874
Intangible assets, net	2,751		2,929
Goodwill	4,510		4,539
Total Assets	9,596		10,018
Current:
Short-term and current portion of long-term debt	392		63
Accounts payable and other current liabilities	1,303		1,444
Total current liabilities	1,695		1,507
Long-term debt	6,114		6,599
Deferred and other income taxes	1,050		1,120
Other liabilities	93		76
Total liabilities	8,952		9,302
Total stockholder’s equity	644		716
Total Liabilities and Stockholder’s Equity	$ 9,596		$ 10,018

[1] This balance is primarily comprised of a receivable from the borrower under the secured accounts receivable facility, which is a non-Guarantor subsidiary, 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 borrower under the secured accounts receivable facility, which is a non-Guarantor subsidiary, 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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Operating Results for Each Segment (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Jun. 30, 2013
Selected Financial Information [Line Items]
Change in Accounting Estimate Financial Effect Costs and Expenses	$ 10

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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	Jun. 30, 2013	Dec. 31, 2012
Floating Rate Debt
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 3,645	$ 3,803
Fair Value	3,656	3,826
Fixed Rate Debt
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	2,861	2,859
Fair Value	$ 2,963	$ 3,023

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Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Trade receivables, allowance for doubtful accounts	$ 32	$ 30
Property and equipment, accumulated depreciation	1,609	1,509
Software products, accumulated amortization	1,735	1,649
Customer base, accumulated amortization	1,579	1,481
Other intangible assets, accumulated amortization	23	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	6,590	6,154
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	29,062,421	29,027,610
Treasury stock, shares	518,133	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	261,565,117	261,251,822
Treasury stock, shares	4,666,525	4,880,305
SunGard Capital Corp. II
Trade receivables, allowance for doubtful accounts	32	30
Property and equipment, accumulated depreciation	1,609	1,509
Software products, accumulated amortization	1,735	1,649
Customer base, accumulated amortization	1,579	1,481
Other intangible assets, accumulated amortization	23	27
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	179,354	187,576
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, cumulative liquidation preference percentage	11.50%	11.50%
Preferred stock, aggregate liquidation preference	1,655	1,581
Preferred stock, shares authorized	14,999,000	14,999,000
Preferred stock, shares issued	10,060,069	10,048,018
SunGard Data Systems Inc.
Trade receivables, allowance for doubtful accounts	32	30
Property and equipment, accumulated depreciation	1,609	1,509
Software products, accumulated amortization	1,735	1,649
Customer base, accumulated amortization	1,579	1,481
Other intangible assets, accumulated amortization	$ 23	$ 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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Fair Value Measurements

6 Months Ended

Jun. 30, 2013

Fair Value Measurements

7. Fair Value Measurements:

The following table summarizes assets and liabilities measured at fair value on a recurring basis at June30, 2013 (in millions):

	FairValueMeasuresUsing
	Level1		Level2		Level3		Total
Assets
Cash and cash equivalents—money market funds	$	220	$	—	$	—	$	220
Interest rate swap agreements		—		5		—		5
Currency forward contracts		—		1		—		1
Total		220		6		—		226
Liabilities
Interest rate swap agreements	$	—	$	—	$	—	$	—

The following table summarizes assets and liabilities measured at fair value on a recurring basis at December31, 2012 (in millions):

	Fair Value Measures Using
	Level1		Level2		Level3		Total
Assets
Cash and cash equivalents—money market funds	$	227	$	—	$	—	$	227
Interest rate swap agreements		—		—		—		—
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 PoundSterling (“GBP”) exchange rates. These forward contracts 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 December31, 2012 and June30, 2013 (in millions):

	December31, 2012					June30, 2013
	Carrying Value		Fair Value		Carrying Value			Fair Value
Floating rate debt	$	3,803	$	3,826	$		3,645	$	3,656
Fixed rate debt		2,859		3,023			2,861		2,963

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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Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
Income attributable to the noncontrolling interest, temporary equity	$ 1	$ 1

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Supplemental Condensed Consolidating Schedule of Comprehensive Income (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended			6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012		Jun. 30, 2013	Jun. 30, 2012
Condensed Financial Statements Captions [Line Items]
Income (loss) from continuing operations	$ 15	$ (8)		$ (32)	$ (84)
Income (loss) from discontinued operations, net of tax					311
Parent
Condensed Financial Statements Captions [Line Items]
Equity in earnings of unconsolidated subsidiaries	94	44	[1]	135	204	[2]
Income (loss) from continuing operations	15	(14)		(32)	2
Income (loss) from discontinued operations, net of tax		6			225
Parent | Scenario, Previously Reported
Condensed Financial Statements Captions [Line Items]
Equity in earnings of unconsolidated subsidiaries		50			117
Income (loss) from continuing operations		(8)			(85)
Income (loss) from discontinued operations, net of tax					312
Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Equity in earnings of unconsolidated subsidiaries	47	13	[1]	55	40	[2]
Income (loss) from continuing operations	94	43		135	114
Income (loss) from discontinued operations, net of tax		1			90
Guarantor Subsidiaries | Scenario, Previously Reported
Condensed Financial Statements Captions [Line Items]
Equity in earnings of unconsolidated subsidiaries		20			43
Income (loss) from continuing operations		50			117
Income (loss) from discontinued operations, net of tax		$ (6)			$ 87

[1] The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the three months ended June 30, 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.

[2] The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the sixmonths ended June 30, 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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Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current:
Cash and cash equivalents	$ 538	$ 546
Trade receivables, less allowance for doubtful accounts of $30 and $32	624	781
Earned but unbilled receivables	120	119
Prepaid expenses and other current assets	238	230
Total current assets	1,520	1,676
Property and equipment, less accumulated depreciation of $1,509 and $1,609	815	874
Software products, less accumulated amortization of $1,649 and $1,735	345	411
Customer base, less accumulated amortization of $1,481 and $1,579	1,253	1,367
Other intangible assets, less accumulated amortization of $27 and $23	134	132
Trade name	1,019	1,019
Goodwill	4,510	4,539
Total Assets	9,596	10,018
Current:
Short-term and current portion of long-term debt	392	63
Accounts payable	33	32
Accrued compensation and benefits	218	297
Accrued interest expense	40	41
Other accrued expenses	207	238
Deferred revenue	803	836
Total current liabilities	1,693	1,507
Long-term debt	6,114	6,599
Deferred and other income taxes	1,057	1,127
Other long-term liabilities	112	95
Total liabilities	8,976	9,328
Commitments and contingencies
Noncontrolling interest in preferred stock of SCCII subject to a put option	31	26
Stockholders’ equity:
Capital in excess of par value	2,483	2,483
Treasury stock Value	(47)	(50)
Accumulated deficit	(3,495)	(3,391)
Accumulated other comprehensive income (loss)	(51)	(3)
Total stockholder's equity	(1,110)	(961)
Noncontrolling interest in preferred stock of SCCII	1,646	1,575
Total equity	536	614
Total Liabilities and Equity	9,596	10,018
Class L common stock, convertible
Current:
Stock subject to a put option	49	45
Stockholders’ equity:
Common stock, value
Class A common stock
Current:
Stock subject to a put option	4	5
Stockholders’ equity:
Common stock, value
SunGard Capital Corp. II
Current:
Cash and cash equivalents	538	546
Trade receivables, less allowance for doubtful accounts of $30 and $32	624	781
Earned but unbilled receivables	120	119
Prepaid expenses and other current assets	238	230
Total current assets	1,520	1,676
Property and equipment, less accumulated depreciation of $1,509 and $1,609	815	874
Software products, less accumulated amortization of $1,649 and $1,735	345	411
Customer base, less accumulated amortization of $1,481 and $1,579	1,253	1,367
Other intangible assets, less accumulated amortization of $27 and $23	134	132
Trade name	1,019	1,019
Goodwill	4,510	4,539
Total Assets	9,596	10,018
Current:
Short-term and current portion of long-term debt	392	63
Accounts payable	33	32
Accrued compensation and benefits	218	297
Accrued interest expense	40	41
Other accrued expenses	206	235
Deferred revenue	803	836
Total current liabilities	1,692	1,504
Long-term debt	6,114	6,599
Deferred and other income taxes	1,057	1,127
Other long-term liabilities	93	76
Total liabilities	8,956	9,306
Commitments and contingencies
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, value
Capital in excess of par value	3,495	3,492
Treasury stock Value	(28)	(30)
Accumulated deficit	(2,803)	(2,771)
Accumulated other comprehensive income (loss)	(51)	(3)
Total stockholder's equity	613	688
Total Liabilities and Equity	9,596	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	538	546
Trade receivables, less allowance for doubtful accounts of $30 and $32	624	781
Earned but unbilled receivables	120	119
Prepaid expenses and other current assets	238	230
Total current assets	1,520	1,676
Property and equipment, less accumulated depreciation of $1,509 and $1,609	815	874
Software products, less accumulated amortization of $1,649 and $1,735	345	411
Customer base, less accumulated amortization of $1,481 and $1,579	1,253	1,367
Other intangible assets, less accumulated amortization of $27 and $23	134	132
Trade name	1,019	1,019
Goodwill	4,510	4,539
Total Assets	9,596	10,018
Current:
Short-term and current portion of long-term debt	392	63
Accounts payable	33	32
Accrued compensation and benefits	218	297
Accrued interest expense	40	41
Other accrued expenses	209	238
Deferred revenue	803	836
Total current liabilities	1,695	1,507
Long-term debt	6,114	6,599
Deferred and other income taxes	1,050	1,120
Other long-term liabilities	93	76
Total liabilities	8,952	9,302
Commitments and contingencies
Stockholders’ equity:
Common stock, value
Capital in excess of par value	3,498	3,490
Accumulated deficit	(2,803)	(2,771)
Accumulated other comprehensive income (loss)	(51)	(3)
Total stockholder's equity	644	716
Total Liabilities and Equity	$ 9,596	$ 10,018

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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				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Segment Reporting Information [Line Items]
Internal Adjusted EBITDA (sum of segments)	$ 308		$ 312		$ 557		$ 567
Corporate	(11)		(11)		(24)		(25)
Depreciation	(76)	[1]	(70)	[1]	(149)	[1]	(141)	[1]
Amortization of acquisition-related intangible assets	(86)		(100)		(173)		(201)
Severance and facility closure costs	(3)		(7)		(6)		(9)
Stock compensation expense	(12)		(9)		(23)		(20)
Management fees	(3)		(4)		(5)		(6)
Other costs (included in operating income)	(6)		(6)		(10)		(8)
Interest expense, net	(98)		(101)		(206)		(223)
Loss on extinguishment of debt			(36)		(5)		(51)
Other income (expense)	(2)				(1)		2
Income (loss) from continuing operations before income taxes	$ 11		$ (32)		$ (45)		$ (115)

[1] Includes amortization of capitalized software.

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Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Operating Results

The operating results for the three months ended June30, 2013 and 2012 for each segment follow (in millions):

Three Months Ended June30, 2013	FS					AS				PS&E			Sum of segments
Revenue	$	632				$	344			$	52		$	1,028
Internal Adjusted EBITDA		178	(1	)			112				18			308
Internal Adjusted EBITDA margin		28.2			%		32.5		%		32.9	%		29.9		%
Year to year revenue change		(6	)%				(2	)%			2	%		(4	)%
Year to year Internal Adjusted EBITDA change		—			%		(5	)%			12	%		(1	)%

Three Months Ended June30, 2012	FS			AS			PS&E			Sum of segments
Revenue	$	670		$	351		$	51		$	1,072
Internal Adjusted EBITDA		178			118			16			312
Internal Adjusted EBITDA margin		26.6	%		33.7	%		30.0	%		29.1	%

The operating results for the six months ended June30, 2013 and 2012 for each segment follow (in millions):

Six Months Ended June30, 2013	FS						AS					PS&E					Sum of segments
Revenue	$	1,232				$		689			$		102			$		2,023
Internal Adjusted EBITDA		308	(1	)				217					32					557
Internal Adjusted EBITDA margin		25.0			%			31.5		%			31.1		%			27.5		%
Year to year revenue change		(4	)%					(2	)%				—		%			(4	)%
Year to year Internal Adjusted EBITDA change		1			%			(6	)%				(1	)%				(2	)%

SixMonthsEndedJune30, 2012	FS			AS			PS&E			Sumof Segments
Revenue	$	1,288		$	706		$	102		$	2,096
Internal Adjusted EBITDA		304			231			32			567
Internal Adjusted EBITDA margin		23.6	%		32.7	%		31.3	%		27.0	%

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:

	ThreeMonthsEnded
	June30, 2012				June30, 2013
Internal Adjusted EBITDA (sum of segments)	$	312		$		308
Corporate		(11	)			(11	)
Depreciation (2)		(70	)			(76	)
Amortization of acquisition-related intangible assets		(100	)			(86	)
Severance and facility closure costs		(7	)			(3	)
Stock compensation expense		(9	)			(12	)
Management fees		(4	)			(3	)
Other costs (included in operating income)		(6	)			(6	)
Interest expense, net		(101	)			(98	)
Loss on extinguishment of debt		(36	)			—
Other income (expense)		—				(2	)
Income (loss) from continuing operations before income tax	$	(32	)	$		11

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

	SixMonthsEnded
	June30, 2012			June30, 2013
Internal Adjusted EBITDA (sum of segments)	$	567		$	557
Corporate		(25	)		(24	)
Depreciation (2)		(141	)		(149	)
Amortization of acquisition-related intangible assets		(201	)		(173	)
Severance and facility closure costs		(9	)		(6	)
Stock compensation expense		(20	)		(23	)
Management fees		(6	)		(5	)
Other costs (included in operating income)		(8	)		(10	)
Interest expense, net		(223	)		(206	)
Loss on extinguishment of debt		(51	)		(5	)
Other income (expense)		2			(1	)
Income (loss) from continuing operations before income tax	$	(115	)	$	(45	)

Depreciation and Amortization and Capital Expenditures by Segment

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

ThreeMonthsEndedJune30, 2013	FS		AS		PS&E		Sumof segments			Corporate			Total
Capital expenditures	$	20	$	32	$	2	$	54	$		1	$		55
Depreciation(2)		23		51		1		75			1			76
Amortization of acquisition-related intangible assets		44		38		4		86			—			86

ThreeMonthsEndedJune30, 2012	FS		AS		PS&E		Sumof segments		Corporate		Total
Capital expenditures	$	23	$	30	$	2	$	55	$	—	$	55
Depreciation(2)		20		48		2		70		—		70
Amortization of acquisition-related intangible assets		53		43		4		100		—		100

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

SixMonthsEndedJune30, 2013	FS			AS			PS&E			Sumof segments			Corporate			Total
Capital expenditures	$	41	$		55	$		4	$		100	$		1	$		101
Depreciation(2)		45			100			3			148			1			149
Amortization of acquisition-related intangible assets		88			77			8			173			—			173

SixMonthsEndedJune30, 2012	FS			AS			PS&E			Sumof segments			Corporate			Total
Capital expenditures	$	43	$		68	$		4	$		115	$		—	$		115
Depreciation(2)		41			96			4			141			—			141
Amortization of acquisition-related intangible assets		106			86			9			201			—			201

(1)During the second quarter of 2013, the Company completed a review of its accounting practices related to vacation pay obligations.  In countries where the vacation policy stipulated that vacation days earned in the current year must be used in that same year, the Company adjusted its quarterly estimate of accrued vacation costs to better match expense recognition with amounts payable to employees when leaving the Company. The impact of the change in estimate was an aggregate decrease to costs and expenses of $10 million for the three month period ended June30, 2013. The impact of this change is expected to be negligible for the full year.

(2)Includes amortization of capitalized software.

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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Results For Discontinued Operations

The results for the discontinued operations for the three and six months ended June30, 2012 and 2013 were as follows (in millions):

	ThreeMonthsEnded June30,				SixMonthsEnded June30,
	2012		2013		2012			2013
Revenue	$	13	$	-	$	50		$	-
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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Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (Fair Value, Measurements, Recurring, USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents—money market funds	$ 220	$ 227
Interest rate swap agreements	5
Currency forward contracts	1	4
Total	226	231
Liabilities
Interest rate swap agreements		4
Fair Value Measures Using Level 1
Assets
Cash and cash equivalents—money market funds	220	227
Interest rate swap agreements
Total	220	227
Liabilities
Interest rate swap agreements
Fair Value Measures Using Level 2
Assets
Interest rate swap agreements	5
Currency forward contracts	1	4
Total	6	4
Liabilities
Interest rate swap agreements		4
Fair Value Measures Using Level 3
Assets
Interest rate swap agreements
Liabilities
Interest rate swap agreements

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Related Party Transactions - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended			3 Months Ended			6 Months Ended
	Jun. 30, 2013 Management Fees Selling, General and Administrative Expenses	Jun. 30, 2012 Management Fees Selling, General and Administrative Expenses	Jun. 30, 2013 Management Fees Selling, General and Administrative Expenses	Jun. 30, 2012 Management Fees Selling, General and Administrative Expenses	Dec. 31, 2012 Management Fees Selling, General and Administrative Expenses	Mar. 31, 2012 Management Fees Segment, Discontinued Operations Sun Gard's HE Business	Jun. 30, 2013 Customary fees and expenses Amended and Restated Credit Agreement	Jun. 30, 2012 Customary fees and expenses Amended and Restated Credit Agreement	Jun. 30, 2013 Customary fees and expenses Amended and Restated Credit Agreement	Jun. 30, 2012 Customary fees and expenses Amended and Restated Credit Agreement
Related Party Transaction [Line Items]
Related party transactions, expenses	$ 3.0	$ 4.0	$ 5.0	$ 6.0		$ 17.8	$ 0	$ 0	$ 1.0	$ 1.0
Related party transactions, accrued expenses	$ 3		$ 3		$ 4

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Component of Accumulated Other Comprehensive Loss Net of Tax (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Accumulated Other Comprehensive Income [Line Items]
Balance at December 31, 2012			$ (3)
Other comprehensive income before reclassifications			(49)
Amounts reclassified from accumulated other comprehensive income net of tax			1
Net current-period other comprehensive income	(4)	(41)	(48)	(5)
Balance at June 30, 2013	(51)		(51)
Gains and Losses on Derivative Instruments
Accumulated Other Comprehensive Income [Line Items]
Balance at December 31, 2012			2
Amounts reclassified from accumulated other comprehensive income net of tax			1
Net current-period other comprehensive income			1
Balance at June 30, 2013	3		3
Foreign Currency Gain (Loss)
Accumulated Other Comprehensive Income [Line Items]
Balance at December 31, 2012			(4)
Other comprehensive income before reclassifications			(44)
Net current-period other comprehensive income			(44)
Balance at June 30, 2013	(48)		(48)
Other
Accumulated Other Comprehensive Income [Line Items]
Balance at December 31, 2012			(1)
Other comprehensive income before reclassifications			(5)
Net current-period other comprehensive income, minimum pension adjustment and other			(5)
Balance at June 30, 2013	$ (6)		$ (6)

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Results for Discontinued Operations (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
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		13		50
Operating income (loss)				(3)
Gain (loss) 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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Changes in Goodwill by Reportable Segment (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013 Goodwill Gross	Jun. 30, 2013 Goodwill Gross Financial Systems	Jun. 30, 2013 Goodwill Gross Availability Services	Jun. 30, 2013 Goodwill Gross Public Sector and Education	Dec. 31, 2012 Goodwill Gross Public Sector and Education	Jun. 30, 2013 Accumulated Impairment	Dec. 31, 2012 Accumulated Impairment	Jun. 30, 2013 Accumulated Impairment Availability Services	Dec. 31, 2012 Accumulated Impairment Availability Services	Jun. 30, 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	(28)	(28)	(16)	(12)
Other	(1)	(1)	(1)
Ending Balance	$ 4,510	$ 6,274	$ 3,499	$ 2,231	$ 544	$ 544	$ (1,764)	$ (1,764)	$ (1,547)	$ (1,547)	$ (217)	$ (217)

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Debt and Derivatives

6 Months Ended

Jun. 30, 2013

Debt and Derivatives

6. Debt and Derivatives:

On January2, 2013, SunGard repaid a $50 million revolving credit advance borrowed under its secured accounts receivable facility.

On March8, 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 March8, 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 March8, 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 June30, 2013 was 4%. 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 each of March28, 2013 and June28, 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):

	December31, 2012			June30, 2013
Senior Secured Credit Facilities:
Secured revolving credit facility	$	—		$	-
Tranche A, effective interest rate of 1.96% and 1.94%		207			107
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			716
Tranche E, effective interest rate of 4.04%		—			2,195
Total Senior Secured Credit Facilities		3,554			3,445
Senior Secured Notes due 2014 at 4.875%, net of discount of $4 and $2		246			248
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 3.69%		250			200
Other, primarily foreign bank debt and capital lease obligations		12			13
Total debt		6,662			6,506
Short-term borrowings and current portion of long-term debt		(63	)		(392	)
Long-term debt	$	6,599		$	6,114

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 June30, 2013, one-month and three-month LIBOR was 0.19% and 0.27%, respectively. 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 June30, 2013 follows (in millions):

Inception	Maturity		Notional Amount (inmillions)		Interest rate paid			Interest rate received (LIBOR)
August-September 2012		February2017	$	400		0.69	%		1-Month
June 2013		June 2019		100		1.86	%		3-Month
Total / Weighted Average			$	500		0.93	%

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 as of December31, 2012. At June 30, 2013, the fair values of interest rate swaps are $5 million and are included in other intangible assets.

The Company has no ineffectiveness related to its swap agreements. The Company expects to reclassify in the next twelve months approximately $3 million from other comprehensive income (loss) into earnings related to the Company’s interest rate swaps based on the borrowing rates at June30, 2013.

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Employee Termination Benefits and Facility Closures (Tables)

6 Months Ended

Jun. 30, 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 June30, 2013 (in millions):

	Balance 12/31/2012		Expense		Paid			Other Adjustments*			Balance 6/30/2013
Workforce-related	$	32	$	9	$	(20	)	$	(5	)	$	16
Facilities		22		1		(5	)		—			18
Total	$	54	$	10	$	(25	)	$	(5	)	$	34

*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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Interest Rate Swaps (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Derivative [Line Items]
Maturity	2013-05
Interest Rate Swap
Derivative [Line Items]
Notional Amount	$ 500
Interest rate paid	0.93%
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 | Derivative Instrument 1 | Minimum
Derivative [Line Items]
Inception	2012-08
Interest Rate Swap | Derivative Instrument 1 | Maximum
Derivative [Line Items]
Inception	2012-09
Interest Rate Swap | Derivative Instrument 2
Derivative [Line Items]
Inception	2013-06
Maturity	2019-06
Notional Amount	$ 100
Interest rate paid	1.86%
Interest rate received (LIBOR)	3 months

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Taxes

9. Income Taxes:

In the second quarter, included in the benefit recorded in income tax expense is a discrete item of $9 million related to a benefit associated with a tax accounting method change related to certain lease-related reserves.

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Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 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 and six months ended June30, 2012 and 2013 (in millions):

	Threemonthsended June30,						Sixmonthsended June30,
Other Comprehensive Income Components	2012			2013			2012			2013			AffectedLineItemintheStatementofComprehensive Income for Components Reclassified from OCI
Unrealized gain (loss) on derivative instruments and other	$	—		$	(1	)	$	—		$	—
Less: gain (loss) on derivatives reclassified into income
Interest rate contracts		2			1			6			4		Interest expense and amortization of deferred financingfees
Forward currency hedges		2			(1	)		2			(2	)	Cost of sales and direct operating
Total reclassified into income		4			—			8			2
Less: income tax benefit (expense)		(1	)		—			(2	)		(1	)
Unrealized gain (loss) on derivative instruments, net of tax	$	3		$	(1	)	$	6		$	1

The following table provides a rollforward of the components of accumulated other comprehensive loss, net of tax, through June30, 2013 as follows (in millions):

	GainsandLosseson Derivative Instruments		Currency Translation			Other			Total Accumulated Other Comprehensive Income (loss)
Balance at December31, 2012	$	2	$	(4	)	$	(1	)	$	(3	)
Other comprehensive income before reclassifications		—		(44	)		(5	)		(49	)
Amounts reclassified from accumulated other comprehensive income net of tax		1		—			—			1
Net current-period other comprehensive income		1		(44	)		(5	)		(48	)
Balance at June30, 2013	$	3	$	(48	)	$	(6	)	$	(51	)

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Consolidated Statements of Cash Flows (Parenthetical) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 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	4	5
SunGard Capital Corp. II
Beginning cash and cash equivalents, cash of discontinued operations		6
Ending cash and cash equivalents, cash of discontinued operations
Income taxes paid, net of refunds	4	5
SunGard Data Systems Inc.
Beginning cash and cash equivalents, cash of discontinued operations		6
Ending cash and cash equivalents, cash of discontinued operations
Income taxes paid, net of refunds	$ 4	$ 5

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Depreciation and Amortization and Capital Expenditures by Segment (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Segment Reporting Information [Line Items]
Capital expenditures	$ 55		$ 55		$ 101		$ 115
Depreciation	76	[1]	70	[1]	149	[1]	141	[1]
Amortization of acquisition-related intangible assets	86		100		173		201
Financial Systems
Segment Reporting Information [Line Items]
Capital expenditures	20		23		41		43
Depreciation	23	[1]	20	[1]	45	[1]	41	[1]
Amortization of acquisition-related intangible assets	44		53		88		106
Availability Services
Segment Reporting Information [Line Items]
Capital expenditures	32		30		55		68
Depreciation	51	[1]	48	[1]	100	[1]	96	[1]
Amortization of acquisition-related intangible assets	38		43		77		86
Public Sector and Education
Segment Reporting Information [Line Items]
Capital expenditures	2		2		4		4
Depreciation	1	[1]	2	[1]	3	[1]	4	[1]
Amortization of acquisition-related intangible assets	4		4		8		9
Segment Total
Segment Reporting Information [Line Items]
Capital expenditures	54		55		100		115
Depreciation	75	[1]	70	[1]	148	[1]	141	[1]
Amortization of acquisition-related intangible assets	86		100		173		201
Corporate
Segment Reporting Information [Line Items]
Capital expenditures	1				1
Depreciation	1	[1]		[1]	1	[1]		[1]
Amortization of acquisition-related intangible assets

[1] Includes amortization of capitalized software.

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Equity - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Class Of Stock [Line Items]
Measurement date	June 1, 2017
Aggregate expense subject to continued employment	$ 22
Measurement period on a straight-line basis	4 years
Time-based appreciation rights using the Black-Scholes pricing model	$ 4
Class A common stock
Class Of Stock [Line Items]
Common stock shares held in time or performance based vesting	1.3
Class L common stock
Class Of Stock [Line Items]
Common stock shares held in time or performance based vesting	0.1444
Preferred stock
Class Of Stock [Line Items]
Common stock shares held in time or performance based vesting	0.05

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Functional Expense Areas, Including Impact of Business Moved to Discontinued Operations (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Cost of sales and direct operating (excluding depreciation)	$ 424	$ 433	$ 861	$ 886
Sales, marketing and administration	242	261	484	514
Product development and maintenance	89	103	189	197
Total functional expenses		797		1,597
Scenario, Previously Reported
Cost of sales and direct operating (excluding depreciation)		446		915
Sales, marketing and administration		266		524
Product development and maintenance		97		185
Total functional expenses		809		1,624
Impact of discontinued operations
Cost of sales and direct operating (excluding depreciation)		(12)		(24)
Sales, marketing and administration				(3)
Total functional expenses		(12)		(27)
As reported- adjusted for discontinued operations
Cost of sales and direct operating (excluding depreciation)		434		891
Sales, marketing and administration		266		521
Product development and maintenance		97		185
Total functional expenses		$ 797		$ 1,597

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Supplemental Condensed Consolidating Schedule of Cash Flows (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Cash flow from operations:
Net income (loss)	$ 15	$ (8)	$ (32)	$ 227
Income (loss) from discontinued operations				311
Income (loss) from continuing operations	15	(8)	(32)	(84)
Cash flow from (used in) continuing operations			304	223
Cash flow from (used in) discontinued operations				(237)
Cash flow from (used in) operations			304	(14)
Investment activities:
Cash paid for acquired businesses, net of cash acquired			(1)	(9)
Cash paid for property and equipment, and software			(101)	(115)
Other investing activities			1	3
Cash provided by (used in) continuing operations			(101)	(121)
Cash provided by (used in) discontinued operations				1,742
Cash provided by (used in) investment activities			(101)	1,621
Financing activities:
Other financing activities			(7)	(7)
Cash provided by (used in) continuing operations			(199)	(1,784)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities			(199)	(1,784)
Effect of exchange rate changes on cash			(12)	3
Beginning cash and cash equivalents			546	873
Ending cash and cash equivalents	538	699	538	699
Parent
Cash flow from operations:
Net income (loss)	15	(8)	(32)	227
Income (loss) from discontinued operations		6		225
Income (loss) from continuing operations	15	(14)	(32)	2
Non cash adjustments			(84)	(74)
Changes in operating assets and liabilities			(96)	(151)
Cash flow from (used in) continuing operations			(212)	(223)
Cash flow from (used in) discontinued operations				(240)
Cash flow from (used in) operations			(212)	(463)
Investment activities:
Intercompany transactions			335	2,115	[1]
Cash provided by (used in) continuing operations			335	2,115
Cash provided by (used in) discontinued operations
Cash provided by (used in) investment activities			335	2,115
Financing activities:
Intercompany dividends of HE sale proceeds
Intercompany dividends
Net repayments of long-term debt			(136)	(1,742)
Premium paid to retire debt				(27)
Other financing activities			(15)	(15)
Cash provided by (used in) continuing operations			(151)	(1,784)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities			(151)	(1,784)
Increase (decrease) in cash and cash equivalents			(28)	(132)
Beginning cash and cash equivalents			220	529
Ending cash and cash equivalents	192	397	192	397
Guarantor Subsidiaries
Cash flow from operations:
Net income (loss)	94	44	135	204
Income (loss) from discontinued operations		1		90
Income (loss) from continuing operations	94	43	135	114
Non cash adjustments			138	202
Changes in operating assets and liabilities			96	30
Cash flow from (used in) continuing operations			369	346
Cash flow from (used in) discontinued operations				3
Cash flow from (used in) operations			369	349
Investment activities:
Intercompany transactions			(228)	(223)	[1]
Cash paid for acquired businesses, net of cash acquired			(1)
Cash paid for property and equipment, and software			(71)	(83)
Cash provided by (used in) continuing operations			(300)	(306)
Cash provided by (used in) discontinued operations				1,742
Cash provided by (used in) investment activities			(300)	1,436
Financing activities:
Intercompany dividends of HE sale proceeds				(1,771)
Intercompany dividends			(65)
Premium paid to retire debt
Cash provided by (used in) continuing operations			(65)	(1,771)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities			(65)	(1,771)
Increase (decrease) in cash and cash equivalents			4	14
Beginning cash and cash equivalents			(3)	(15)
Ending cash and cash equivalents	1	(1)	1	(1)
Non-Guarantor Subsidiaries
Cash flow from operations:
Net income (loss)	47	13	55	40
Income (loss) from discontinued operations		(7)		(4)
Income (loss) from continuing operations	47	20	55	44
Non cash adjustments			59	73
Changes in operating assets and liabilities			35	(17)
Cash flow from (used in) continuing operations			149	100
Cash flow from (used in) discontinued operations
Cash flow from (used in) operations			149	100
Investment activities:
Intercompany transactions			23	(121)	[1]
Cash paid for acquired businesses, net of cash acquired				(9)
Cash paid for property and equipment, and software			(30)	(32)
Other investing activities			1	3
Cash provided by (used in) continuing operations			(6)	(159)
Cash provided by (used in) discontinued operations
Cash provided by (used in) investment activities			(6)	(159)
Financing activities:
Intercompany dividends of HE sale proceeds
Intercompany dividends			(65)
Net repayments of long-term debt			(50)
Premium paid to retire debt
Cash provided by (used in) continuing operations			(115)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities			(115)
Effect of exchange rate changes on cash			(12)	3
Increase (decrease) in cash and cash equivalents			16	(56)
Beginning cash and cash equivalents			329	359
Ending cash and cash equivalents	345	303	345	303
Eliminations
Cash flow from operations:
Net income (loss)	(141)	(57)	(190)	(244)
Income (loss) from discontinued operations
Income (loss) from continuing operations	(141)	(57)	(190)	(244)
Non cash adjustments			190	244
Cash flow from (used in) discontinued operations
Investment activities:
Intercompany transactions			(130)	(1,771)	[1]
Cash provided by (used in) continuing operations			(130)	(1,771)
Cash provided by (used in) discontinued operations
Cash provided by (used in) investment activities			(130)	(1,771)
Financing activities:
Intercompany dividends of HE sale proceeds				1,771
Intercompany dividends			130
Premium paid to retire debt
Cash provided by (used in) continuing operations			130	1,771
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities			130	1,771
Beginning cash and cash equivalents
SunGard Data Systems Inc.
Cash flow from operations:
Net income (loss)	15	(8)	(32)	227
Income (loss) from discontinued operations			0	311
Income (loss) from continuing operations	15	(8)	(32)	(84)
Non cash adjustments			303	445
Changes in operating assets and liabilities			35	(138)
Cash flow from (used in) continuing operations			306	223
Cash flow from (used in) discontinued operations				(237)
Cash flow from (used in) operations			306	(14)
Investment activities:
Cash paid for acquired businesses, net of cash acquired			(1)	(9)
Cash paid for property and equipment, and software			(101)	(115)
Other investing activities			1	3
Cash provided by (used in) continuing operations			(101)	(121)
Cash provided by (used in) discontinued operations				1,742
Cash provided by (used in) investment activities			(101)	1,621
Financing activities:
Intercompany dividends of HE sale proceeds
Intercompany dividends
Net repayments of long-term debt			(186)	(1,742)
Premium paid to retire debt				(27)
Other financing activities			(15)	(15)
Cash provided by (used in) continuing operations			(201)	(1,784)
Cash provided by (used in) discontinued operations
Cash provided by (used in) financing activities			(201)	(1,784)
Effect of exchange rate changes on cash			(12)	3
Increase (decrease) in cash and cash equivalents			(8)	(174)
Beginning cash and cash equivalents			546	873
Ending cash and cash equivalents	$ 538	$ 699	$ 538	$ 699

[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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Related Party Transactions

6 Months Ended

Jun. 30, 2013

Related Party Transactions

12. Related Party Transactions:

In accordance with the Management Agreement between the Company and affiliates of the Sponsors, the Company recorded $4and $3million of management fees in sales, marketing and administration expenses during the three months ended June30, 2012 and 2013, respectively. The Company recorded $6 and $5 million of management fees in sales, marketing and administration expenses during the six months ended June30, 2012 and 2013, respectively. At December31, 2012 and June30, 2013, $4 million and $3 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.

For each of the six months ended June30, 2012 and 2013, Goldman Sachs& Co. and/or its respective affiliates received fees of approximately$1 millionin connection with amendments of SunGard’s Credit Agreement. For the three months ended June30, 2012 and 2013,no fees were paid to Goldman Sachs& Co. and/or its respective affiliates.

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Equity

6 Months Ended

Jun. 30, 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 December31, 2012	$	45		$	5		$	(961	)	$	(911	)	$	26		$	1,575		$	1,601
Net income (loss)		—			—			(104	)		(104	)		1			71			72
Foreign currency translation		—			—			(44	)		(44	)		—			—			—
Net unrealized gain on derivative instruments		—			—			1			1			—			—			—
Other		—			—			(5	)		(5	)		—			—			—
Comprehensive income (loss)		—			—			(152	)		(152	)		1			71			72
Stock compensation expense		—			—			23			23			—			—			—
Termination of put options due to employee terminations and other		(8	)		(1	)		11			2			(4	)		2			(2	)
Purchase of treasury stock		—			—			(4	)		(4	)		—			(2	)		(2	)
Transfer intrinsic value of vested restricted stockunits		12			—			(21	)		(9	)		8			—			8
Other		—			—			(6	)		(6	)		—			—			—
Balance at June30, 2013	$	49		$	4		$	(1,110	)	$	(1,057	)	$	31		$	1,646		$	1,677

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 December31, 2011	$	47		$	6		$	(663	)	$	(610	)		$	28		$	2,038		$	2,066
Net income (loss)		—			—			105			105				—			122			122
Foreign currency translation		—			—			(11	)		(11	)			—			—			—
Net unrealized gain on derivative instruments		—			—			6			6				—			—			—
Comprehensive income (loss)		—			—			100			100				—			122			122
Stock compensation expense		—			—			20			20				—			—			—
Termination of put options due to employee terminations and other		(8	)		(1	)		10			1				(5	)		3			(2	)
Purchase of treasury stock		—			—			(5	)		(5	)			—			(2	)		(2	)
Transfer intrinsic value of vested restricted stockunits		11			1			(19	)		(7	)			7			—			7
Other		—			—			(8	)		(8	)			—			—			—
Balance at June30, 2012	$	50		$	6		$	(565	)	$	(509	)		$	30		$	2,161		$	2,191

In June 2013, certain senior executives of the Company were granted a new form of long-term incentive equity award (“Appreciation Units”) to be settled in stock. The Appreciation Units vesting terms are either market-based dependent upon the performance of the Company’s Unit price (“Performance-based”) or time-based.  Performance-based Appreciation Units will vest only if the average value per Unit (defined as 1.3 shares of ClassA common stock and 0.1444 shares of Class L common stock of SunGard Capital Corp. and 0.05 shares of preferred stock of SunGard Capital Corp. II) at each measurement date (as defined in the agreements)increases over a base Unit value specified in the agreements and may be subject to continued employment through June1, 2017.Time-based Appreciation Units will vest in annual installments over a period of years as specified in the applicable award agreement, subject to continued employment.The Company determined the fair value of the Performance-based Appreciation Units using a Monte Carlo valuation model and will record the aggregate expense of$22 million over the four-year measurement period on a straight-line basis regardless of vesting, subject to continued employment, if applicable. Time-based Appreciation Units were valued using the Black-Scholes pricing model at $4 million in the aggregate, which will be expensed over the four year service period on a straight-line basis.

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Expense Classification (Tables)

6 Months Ended

Jun. 30, 2013

Functional Expense Areas, Including Impact of Business Moved to Discontinued Operations

The impact within the functional expense areas, including the impact of a business sold in the third quarter of 2012 and currently presented indiscontinued operations, is as follows for the three and six months ended June 30, 2012:

		Three months ended June 30, 2012
		As reported		Impact of discontinued operations			As reported- adjusted for discontinued operations		As revised
Cost of sales and direct operating	$	446	$	(12	)	$	434	$	433
Sales, marketing and administration		266		—			266		261
Product development and maintenance		97		—			97		103
Total functional expenses	$	809	$	(12	)	$	797	$	797

		Six months ended June 30, 2012
		As reported		Impact of discontinued operations			As reported- adjusted for discontinued operations		As revised
Cost of sales and direct operating	$	915	$	(24	)	$	891	$	886
Sales, marketing and administration		524		(3	)		521		514
Product development and maintenance		185		—			185		197
Total functional expenses	$	1,624	$	(27	)	$	1,597	$	1,597

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Supplemental Guarantor Condensed Consolidating Financial Statements

6 Months Ended

Jun. 30, 2013

Supplemental Guarantor Condensed Consolidating Financial Statements

13. 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 December31, 2012 and June30, 2013, and for the three and six month periods ended June30, 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)	SupplementalCondensedConsolidatingBalanceSheet December31, 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 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 borrower under the secured accounts receivable facility, which is a non-Guarantor subsidiary, 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 June 30, 2013
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current:
Cash and cash equivalents	$	192	$	1		$	$	345	$	—		$	$	538
Intercompany balances		—		2,753				713		(3,466	)			—
Trade receivables, net		8		516	(b)			220		—				744
Prepaid expenses, taxes and other current assets		1,395		77				106		(1,340	)			238
Total current assets		1,595		3,347				1,384		(4,806	)			1,520
Property and equipment, net		—		546				269		—				815
Intangible assets, net		115		2,272				364		—				2,751
Deferred income taxes		37		—				—		(37	)			—
Intercompany balances		251		5				78		(334	)			—
Goodwill		—		3,468				1,042		—				4,510
Investment in subsidiaries		8,640		2,040				—		(10,680	)			—
Total Assets	$	10,638	$	11,678		$		3,137	$	(15,857	)	$		9,596
Liabilities and Stockholder’s Equity
Current:
Short-term and current portion of long-term debt	$	384	$	1		$		7	$	—		$	$	392
Intercompany balances		3,466		—				—		(3,466	)			—
Accounts payable and other current liabilities		62		2,035				546		(1,340	)			1,303
Total current liabilities		3,912		2,036				553		(4,806	)			1,695
Long-term debt		5,908		2				204		—				6,114
Intercompany debt		83		—				251		(334	)			—
Deferred and other income taxes		91		951				45		(37	)			1,050
Other liabilities		—		49				44		—				93
Total liabilities		9,994		3,038				1,097		(5,177	)			8,952
Total stockholder’s equity		644		8,640				2,040		(10,680	)			644
Total Liabilities and Stockholder’s Equity	$	10,638	$	11,678		$		3,137	$	(15,857	)	$		9,596

(b)This balance is primarily comprised of a receivable from the borrower under the secured accounts receivable facility, which is a non-Guarantor subsidiary, 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 June 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	732		$	426		$	(86	)	$	1,072
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		24			522			337			(86	)		797
Depreciation		—			48			22			—			70
Amortization of acquisition-related intangible assets					85			15			—			100
Total costs and expenses		24			655			374			(86	)		967
Operating income (loss)		(24	)		77			52			—			105
Net interest income (expense)		(95	)		—			(6	)		—			(101	)
Equity in earnings of unconsolidated subsidiaries (c)		44			13			—			(57	)		—
Other income (expense)		(36	)		—			—			—			(36	)
Income (loss) from continuing operations before income taxes		(111	)		90			46			(57	)		(32	)
Benefit from (provision for) income taxes		97			(47	)		(26	)		—			24
Income (loss) from continuing operations		(14	)		43			20			(57	)		(8	)
Income (loss) from discontinued operations, net of tax		6			1			(7	)		—			—
Net income (loss)		(8	)		44			13			(57	)		(8	)
Comprehensive income (loss)	$	(49	)	$	14		$	(9	)	$	(5	)	$	(49	)

(c)The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the three months ended June30, 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 $50 million to $44 million; Income (loss) from continuing operations changed from $(8) million to $(14) million; and Income (loss) from discontinued operations, net of tax changed from $- million to $6 million. For the Guarantor Subsidiaries in 2012, Equity in earnings of unconsolidated subsidiaries changed from $20 million to $13 million; Income (loss) from continuing operations changed from $50 million to $43 million; and Income (loss) from discontinued operations, net of tax changed from $(6) million to $1 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 June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries				Eliminations			Consolidated
Total revenue	$	—		$	708		$		418		$	(98	)	$	1,028
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		26			511				316			(98	)		755
Depreciation		—			51				25			—			76
Amortization of acquisition-related intangible assets		—			70				16			—			86
Total costs and expenses		26			632				357			(98	)		917
Operating income (loss)		(26	)		76				61			—			111
Net interest income (expense)		(91	)		(1	)		(6		)		—			(98	)
Equity in earnings of unconsolidated subsidiaries		94			47				-			(141	)		-
Other income (expense)		—			—			(2		)		—			(2	)
Income (loss) from continuing operations before income taxes		(23	)		122				53			(141	)		11
Benefit from (provision for) income taxes		38			(28	)		(6		)		—			4
Income (loss) from continuing operations		15			94				47			(141	)		15
Income (loss) from discontinued operations, net of tax		—			—				-			—			-
Net income (loss)		15			94		$	$	47			(141	)		15
Comprehensive income (loss)	$	11		$	87		$		40		$	(127	)	$	11

	SupplementalCondensedConsolidatingScheduleofComprehensiveIncome
(in millions)	Six Months Ended June 30, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	1,445		$	824		$	(173	)	$	2,096
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		49			1,056			665			(173	)		1,597
Depreciation		—			96			45			—			141
Amortization of acquisition-related intangible assets		—			169			32			—			201
Total costs and expenses		49			1,321			742			(173	)		1,939
Operating income (loss)		(49	)		124			82			—			157
Net interest income (expense)		(209	)		—			(14	)		—			(223	)
Equity in earnings of unconsolidated subsidiaries (d)		204			40			—			(244	)		—
Other income (expense)		(51	)		—			2			—			(49	)
Income (loss) from continuing operations before income taxes		(105	)		164			70			(244	)		(115	)
Benefit from (provision for) income taxes		107			(50	)		(26	)		—			31
Income (loss) from continuing operations		2			114			44			(244	)		(84	)
Income (loss) from discontinued operations, net of tax		225			90			(4	)		—			311
Net income (loss)		227			204			40			(244	)		227
Comprehensive income (loss)	$	222		$	199		$	40		$	(239	)	$	222

(d)The Supplemental Condensed Consolidating Schedule of Comprehensive Income for Parent Company and Guarantor Subsidiaries for the sixmonths ended June 30, 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 $117 million to $204 million; Income (loss) from continuing operations changed from $(85) million to $2 million; and Income (loss) from discontinued operations, net of tax changed from $312 million to $225 million. For the Guarantor Subsidiaries in 2012, Equity in earnings of unconsolidated subsidiaries changed from $43 million to $40 million; Income (loss) from continuing operations changed from $117 million to $114 million; and Income (loss) from discontinued operations, net of tax changed from $87 million to $90 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)	SupplementalCondensedConsolidatingScheduleofComprehensiveIncome Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenue	$	—		$	1,400		$	799		$	(176	)	$	2,023
Costs and expenses:
Cost of sales and administrative expenses (excluding depreciation)		49			1,020			641			(176	)		1,534
Depreciation		—			100			49			—			149
Amortization of acquisition-related intangible assets		—			141			32			—			173
Total costs and expenses		49			1,261			722			(176	)		1,856
Operating income (loss)		(49	)		139			77			—			167
Net interest income (expense)		(192	)		(1	)		(13	)		—			(206	)
Equity in earnings of unconsolidated subsidiaries		135			55			—			(190	)		—
Other income (expense)		(5	)		—			(1	)		—			(6	)
Income (loss) from continuing operations before income taxes		(111	)		193			63			(190	)		(45	)
Benefit from (provision for) income taxes		79			(58	)		(8	)		—			13
Income (loss) from continuing operations		(32	)		135			55			(190	)		(32	)
Income (loss) from discontinued operations, net of tax		—			—			—			—			—
Net income (loss)		(32	)		135			55			(190	)		(32	)
Comprehensive income (loss)	$	(80	)	$	88		$	14		$	(102	)	$	(80	)

	SupplementalCondensedConsolidatingScheduleofCashFlows
(in millions)	SixMonthsEndedJune30, 2012
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	227		$	204		$	40		$	(244	)	$	227
Income (loss) from discontinued operations		225			90			(4	)		—			311
Income (loss) from continuing operations		2			114			44			(244	)		(84	)
Non cash adjustments		(74	)		202			73			244			445
Changes in operating assets and liabilities		(151	)		30			(17	)		—			(138	)
Cash flow from (used in) continuing operations		(223	)		346			100			—			223
Cash flow from (used in) discontinued operations		(240	)		3			—			—			(237	)
Cash flow from (used in) operations		(463	)		349			100			—			(14	)
Investment activities:
Intercompany transactions (e)		2,115			(223	)		(121	)		(1,771	)		—
Cash paid for acquired businesses, net of cash acquired		—			—			(9	)		—			(9	)
Cash paid for property and equipment and software		—			(83	)		(32	)		—			(115	)
Other investing activities		—			—			3			—			3
Cash provided by (used in) continuing operations		2,115			(306	)		(159	)		(1,771	)		(121	)
Cash provided by (used in) discontinued operations		—			1,742			—			—			1,742
Cash provided by (used in) investment activities		2,115			1,436			(159	)		(1,771	)		1,621
Financing activities:
Intercompany dividends of HE sale proceeds		—			(1,771	)		—			1,771			—
Intercompany dividends		—			—			—			—			—
Net repayments of long-term debt		(1,742	)		—			—			—			(1,742	)
Premium paid to retire debt		(27	)		—			—			—			(27	)
Other financing activities		(15	)		—			—			—			(15	)
Cash provided by (used in) continuing operations		(1,784	)		(1,771	)		—			1,771			(1,784	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) financing activities		(1,784	)		(1,771	)		—			1,771			(1,784	)
Effect of exchange rate changes on cash		—			—			3			—			3
Increase (decrease) in cash and cash equivalents		(132	)		14			(56	)		—			(174	)
Beginning cash and cash equivalents		529			(15	)		359			—			873
Ending cash and cash equivalents	$	397		$	(1	)	$	303		$	—		$	699

(e)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.

	Supplemental Condensed Consolidating Schedule of Cash Flows
(in millions)	Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flow from operations:
Net income (loss)	$	(32	)	$	135		$	55		$	(190	)	$	(32	)
Income (loss) from discontinued operations		—			—			—			—			-
Income (loss) from continuing operations		(32	)		135			55			(190	)		(32	)
Non cash adjustments		(84	)		138			59			190			303
Changes in operating assets and liabilities		(96	)		96			35			—			35
Cash flow from (used in) continuing operations		(212	)		369			149			—			306
Cash flow from (used in) discontinued operations		—			—			—			—			—
Cash flow from (used in) operations		(212	)		369			149			—			306
Investment activities:
Intercompany transactions		335			(228	)		23			(130	)		-
Cash paid for acquired businesses, net of cash acquired		—			(1	)		—			—			(1	)
Cash paid for property and equipment and software		—			(71	)		(30	)		—			(101	)
Other investing activities		—			-			1			—			1
Cash provided by (used in) continuing operations		335			(300	)		(6	)		(130	)		(101	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) investment activities		335			(300	)		(6	)		(130	)		(101	)
Financing activities:
Intercompany dividends of HE sale proceeds		—			—			—			—			—
Intercompany dividends		—			(65	)		(65	)		130			—
Net repayments of long-term debt		(136	)		—			(50	)		—			(186	)
Premium paid to retire debt		—			—			—			—			—
Other financing activities		(15	)		—			—			—			(15	)
Cash provided by (used in) continuing operations		(151	)		(65	)		(115	)		130			(201	)
Cash provided by (used in) discontinued operations		—			—			—			—			—
Cash provided by (used in) financing activities		(151	)		(65	)		(115	)		130			(201	)
Effect of exchange rate changes on cash		—			—			(12	)		—			(12	)
Increase (decrease) in cash and cash equivalents		(28	)		4			16			—			(8	)
Beginning cash and cash equivalents		220			(3	)		329			—			546
Ending cash and cash equivalents	$	192		$	1		$	345		$	—		$	538

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2013
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
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
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	256,898,592
Class L common stock, convertible
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	28,544,288
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

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Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2013

Recent Accounting Pronouncements

Recent Accounting Pronouncements

On July27, 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 September15, 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.

In July 2013, the FASB issued guidance regarding the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Under certain circumstances, unrecognized tax benefits should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The guidance is a change in financial statement presentation only and has no material impact in the consolidated financial results. The guidance is effective beginning January 1, 2014 on either a prospective or retrospective basis.

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Supplemental Guarantor Condensed Consolidating Financial Statements - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2013
Condensed Financial Statements Captions [Line Items]
Percentage of each of the Guarantors owned by SunGard	100.00%

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Supplemental Condensed Consolidating Schedule of Cash Flows (Parenthetical) (Detail) (USD $) In Billions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Condensed Financial Statements Captions [Line Items]
Cash dividend received from guarantor subsidiaries	$ 1.8