10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2013

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to

Commission File Number 1-9853

EMC CORPORATION

(Exact name of registrant as specified in its charter)

Massachusetts	04-2680009
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)
176 South Street Hopkinton, Massachusetts (Address of principal executive offices)	01748 (Zip Code)

(508) 435-1000

(Registrant’s 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.    Yes  x    No  o

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).    Yes  x    No  o

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.

Large accelerated filer  x	Accelerated filer  o
Non-accelerated filer  o (Do not check if a smaller reporting company)	Smaller reporting company  o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  o    No  x

The number of shares of common stock, par value $.01 per share, of the registrant outstanding as of March 31, 2013 was 2,100,840,084.

EMC CORPORATION

	Page No.
PART I — FINANCIAL INFORMATION
Item 1. Financial Statements (unaudited)
Consolidated Balance Sheets at March 31, 2013 and December 31, 2012	3
Consolidated Income Statements for the Three Months Ended March 31, 2013 and 2012	4
Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2013 and 2012	5
Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2013 and 2012	6
Consolidated Statements of Shareholders’ Equity for the Three Months Ended March 31, 2013 and 2012	7
Notes to Consolidated Financial Statements	8
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	28
Item 3. Quantitative and Qualitative Disclosures About Market Risk	39
Item 4. Controls and Procedures	39
PART II — OTHER INFORMATION
Item 1. Legal Proceedings	40
Item 1A. Risk Factors	40
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	49
Item 3. Defaults Upon Senior Securities	49
Item 4. Mine Safety Disclosures	49
Item 5. Other Information	49
Item 6. Exhibits	50
SIGNATURES	51
EXHIBIT INDEX	52

FACTORS THAT MAY AFFECT FUTURE RESULTS

This Quarterly Report on Form 10-Q contains forward-looking statements, within the meaning of the Federal securities laws, about our business and prospects. The forward-looking statements do not include the potential impact of any mergers, acquisitions, divestitures, securities offerings or business combinations that may be announced or closed after the date hereof. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words “believes,” “plans,” “intends,” “expects,” “goals” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Our future results may differ materially from our past results and from those projected in the forward-looking statements due to various uncertainties and risks, including those described in Item 1A of Part II (Risk Factors). The forward-looking statements speak only as of the date of this Quarterly Report and undue reliance should not be placed on these statements. We disclaim any obligation to update any forward-looking statements contained herein after the date of this Quarterly Report.

2

PART I

FINANCIAL INFORMATION

Item 1.     FINANCIAL STATEMENTS

EMC CORPORATION

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

	March 31, 2013			December 31, 2012
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	5,304,305		$	4,714,156
Short-term investments	1,223,463			1,421,710
Accounts and notes receivable, less allowance for doubtful accounts of $63,233 and $68,465	2,784,197			3,433,389
Inventories	1,180,011			1,201,020
Deferred income taxes	978,002			941,775
Other current assets	579,030			465,305
Total current assets	12,049,008			12,177,355
Long-term investments	5,480,292			5,259,862
Property, plant and equipment, net	3,170,167			3,144,548
Intangible assets, net	1,937,525			2,035,340
Goodwill	13,993,912			13,839,700
Other assets, net	1,603,353			1,611,880
Total assets	$	38,234,257		$	38,068,685
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	939,295		$	1,040,664
Accrued expenses	2,397,825			2,522,059
Income taxes payable	59,167			514,302
Convertible debt (See Note 4)	1,653,394			1,652,442
Deferred revenue	4,905,977			4,574,529
Total current liabilities	9,955,658			10,303,996
Income taxes payable	306,424			293,105
Deferred revenue	3,201,093			2,976,328
Deferred income taxes	548,970			574,846
Other liabilities	341,531			338,915
Total liabilities	14,353,676			14,487,190
Convertible debt (See Note 4)	41,615			57,704
Commitments and contingencies (See Note 14)
Shareholders’ equity:
Preferred stock, par value $0.01; authorized 25,000 shares; none outstanding	—			—
Common stock, par value $0.01; authorized 6,000,000 shares; issued and outstanding 2,100,840 and 2,106,959 shares	21,009			21,070
Additional paid-in capital	3,448,386			3,691,112
Retained earnings	19,433,284			18,853,234
Accumulated other comprehensive loss, net	(241,971		)	(208,273		)
Total EMC Corporation’s shareholders’ equity	22,660,708			22,357,143
Non-controlling interest in VMware, Inc.	1,178,258			1,166,648
Total shareholders’ equity	23,838,966			23,523,791
Total liabilities and shareholders’ equity	$	38,234,257		$	38,068,685

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

3

EMC CORPORATION

CONSOLIDATED INCOME STATEMENTS

(in thousands, except per share amounts)

(unaudited)

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Revenues:
Product sales	$	3,111,936		$	3,068,857
Services	2,275,447			2,025,521
	5,387,383			5,094,378
Costs and expenses:
Cost of product sales	1,355,985			1,301,550
Cost of services	733,573			679,611
Research and development	675,564			587,817
Selling, general and administrative	1,713,954			1,650,197
Restructuring and acquisition-related charges	147,724			25,893
Operating income	760,583			849,310
Non-operating income (expense):
Investment income	33,163			29,452
Interest expense	(20,854		)	(18,183		)
Other income (expense), net	(81,878		)	(43,690		)
Total non-operating income (expense)	(69,569		)	(32,421		)
Income before provision for income taxes	691,014			816,889
Income tax provision	76,060			190,910
Net income	614,954			625,979
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(34,904		)	(39,137		)
Net income attributable to EMC Corporation	$	580,050		$	586,842
Net income per weighted average share, basic attributable to EMC Corporation common shareholders	$	0.28		$	0.28
Net income per weighted average share, diluted attributable to EMC Corporation common shareholders	$	0.26		$	0.27
Weighted average shares, basic	2,102,368			2,067,828
Weighted average shares, diluted	2,189,410			2,201,933

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

4

EMC CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

(unaudited)

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Net income	$	614,954		$	625,979
Other comprehensive income (loss), net of taxes (benefits):
Foreign currency translation adjustments	(31,205		)	14,986
Changes in market value of investments:
Changes in unrealized gains (losses), net of taxes (benefits) of $1,451 and $15,718	719			26,488
Reclassification adjustment for net losses (gains) realized in net income, net of benefits (taxes) of $(2,104) and $(1,024)	(3,761		)	(1,529		)
Net change in market value of investments	(3,042		)	24,959
Changes in market value of derivatives:
Changes in market value of derivatives, net of taxes (benefits) of $1,091 and $5,918	5,866			10,001
Reclassification adjustment for net losses (gains) included in net income, net of benefits (taxes) of $(768) and $5	(5,374		)	33
Net change in the market value of derivatives	492			10,034
Other comprehensive income (loss)	(33,755		)	49,979
Comprehensive income	581,199			675,958
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(34,904		)	(39,137		)
Less: Other comprehensive income attributable to the non-controlling interest in VMware, Inc.	57			(662		)
Comprehensive income attributable to EMC Corporation	$	546,352		$	636,159

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

5

EMC CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited)
	For the Three Months Ended
	March 31, 2013			March 31, 2012
Cash flows from operating activities:
Cash received from customers	$	6,615,763		$	6,023,588
Cash paid to suppliers and employees	(4,404,823		)	(4,114,849		)
Dividends and interest received	39,080			18,483
Interest paid	(1,149		)	(1,342		)
Income taxes paid	(536,075		)	(237,692		)
Net cash provided by operating activities	1,712,796			1,688,188
Cash flows from investing activities:
Additions to property, plant and equipment	(165,356		)	(153,631		)
Capitalized software development costs	(105,792		)	(105,848		)
Purchases of short- and long-term available-for-sale securities	(1,819,390		)	(1,585,822		)
Sales of short- and long-term available-for-sale securities	1,414,234			1,439,393
Maturities of short- and long-term available-for-sale securities	387,525			273,982
Business acquisitions, net of cash acquired	(184,040		)	(102,105		)
Purchases of strategic and other related investments	(35,203		)	(3,864		)
Sales of strategic and other related investments	—			16,950
Joint venture funding	(94,737		)	—
Net cash used in investing activities	(602,759		)	(220,945		)
Cash flows from financing activities:
Proceeds from the issuance of EMC’s common stock	42,371			180,189
Proceeds from the issuance of VMware’s common stock	67,889			111,041
EMC repurchase of EMC’s common stock	(323,458		)	—
EMC purchase of VMware’s common stock	(124,579		)	(39,993		)
VMware repurchase of VMware’s common stock	(181,961		)	—
Excess tax benefits from stock-based compensation	33,048			106,024
Proceeds (payments) of short- and long-term obligations, net	(5,658		)	2,387
Payment of convertible debt	—			(1,699,816		)
Net cash used in financing activities	(492,348		)	(1,340,168		)
Effect of exchange rate changes on cash and cash equivalents	(27,540		)	11,050
Net increase (decrease) in cash and cash equivalents	590,149			138,125
Cash and cash equivalents at beginning of period	4,714,156			4,491,604
Cash and cash equivalents at end of period	$	5,304,305		$	4,629,729
Reconciliation of net income to net cash provided by operating activities:
Net income	$	614,954		$	625,979
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	391,191			367,453
Non-cash interest expense on convertible debt	12,245			9,323
Non-cash restructuring and other special charges	6,662			4,477
Stock-based compensation expense	235,952			200,572
Provision for (recovery of) doubtful accounts	(7,913		)	9,472
Deferred income taxes, net	(61,662		)	(52,320		)
Excess tax benefits from stock-based compensation	(33,048		)	(106,024		)
Other, net	5,844			(8,987		)
Changes in assets and liabilities, net of acquisitions:
Accounts and notes receivable	653,858			299,977
Inventories	(46,022		)	(96,249		)
Other assets	52,764			(19,580		)
Accounts payable	(109,913		)	(28,686		)
Accrued expenses	(194,527		)	(151,721		)
Income taxes payable	(392,640		)	5,538
Deferred revenue	582,435			619,761
Other liabilities	2,616			9,203
Net cash provided by operating activities	$	1,712,796		$	1,688,188

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

6

EMC CORPORATION

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

(in thousands)

(unaudited)

For the three months endedMarch 31, 2013:

	Common Stock					Additional Paid-in Capital			Retained Earnings		Accumulated Other Comprehensive Loss			Non-controlling Interest in VMware			Shareholders’ Equity
	Shares		Par Value
Balance, January 1, 2013	2,106,959		$	21,070		$	3,691,112		$	18,853,234	$	(208,273	)	$	1,166,648		$	23,523,791
Stock issued through stock option and stock purchase plans	3,354		34			42,337			—		—			—			42,371
Tax benefit from stock options exercised	—		—			44,958			—		—			—			44,958
Restricted stock grants, cancellations and withholdings, net	3,175		31			(38,506		)	—		—			—			(38,475		)
Repurchase of common stock	(12,648	)	(126		)	(307,890		)	—		—			—			(308,016		)
EMC purchase of VMware stock	—		—			(95,416		)	—		—			(19,458		)	(114,874		)
Stock options issued in business acquisitions	—		—			(460		)	—		—			—			(460		)
Stock-based compensation	—		—			228,373			—		—			—			228,373
Impact from equity transactions of VMware, Inc.	—		—			(131,976		)	—		—			(3,779		)	(135,755		)
Change in market value of investments	—		—			—			—		(3,105		)	63			(3,042		)
Change in market value of derivatives	—		—			—			—		612			(120		)	492
Translation adjustment	—		—			—			—		(31,205		)	—			(31,205		)
Convertible debt conversions and warrant settlement	—		—			(235		)	—		—			—			(235		)
Reclassification of convertible debt (to)/from mezzanine (Note 4)	—		—			16,089			—		—			—			16,089
Net income	—		—			—			580,050		—			34,904			614,954
Balance, March 31, 2013	2,100,840		$	21,009		$	3,448,386		$	19,433,284	$	(241,971	)	$	1,178,258		$	23,838,966

For the three months endedMarch 31, 2012:

	Common Stock			Additional Paid-in Capital			Retained Earnings		Accumulated Other Comprehensive Loss			Non-controlling Interest in VMware			Shareholders’ Equity
	Shares	Par Value
Balance, January 1, 2012	2,048,890	$	20,489	$	3,405,513		$	16,120,621	$	(235,009	)	$	968,089		$	20,279,703
Stock issued through stock option and stock purchase plans	15,145	152		180,037			—		—			—			180,189
Tax benefit from stock options exercised	—	—		143,182			—		—			—			143,182
Restricted stock grants, cancellations and withholdings, net	3,330	33		(47,708		)	—		—			—			(47,675		)
EMC purchase of VMware stock	—	—		(34,485		)	—		—			(5,508		)	(39,993		)
Stock-based compensation	—	—		203,043			—		—			—			203,043
Impact from equity transactions of VMware, Inc.	—	—		18,991			—		—			77,605			96,596
Change in market value of investments	—	—		—			—		24,464			495			24,959
Change in market value of derivatives	—	—		—			—		9,867			167			10,034
Translation adjustment	—	—		—			—		14,986			—			14,986
Convertible debt conversions and warrant settlement	32,345	323		(1,025		)	—		—			—			(702		)
Reclassification of convertible debt (to)/from mezzanine (Note 4)	—	—		15,679			—		—			—			15,679
Net income	—	—		—			586,842		—			39,137			625,979
Balance, March 31, 2012	2,099,710	$	20,997	$	3,883,227		$	16,707,463	$	(185,692	)	$	1,079,985		$	21,505,980

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

7

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.  Basis of Presentation

Company

EMC Corporation (“EMC”) and its subsidiaries develop, deliver and support the Information Technology (“IT”) industry’s broadest range of information infrastructure and virtual infrastructure technologies, solutions and services.

EMC’s Information Infrastructure business provides a foundation for organizations to store, manage, protect, analyze and secure their vast and ever-increasing quantities of information, improve business agility, lower cost of ownership and enhance their competitive advantage within traditional data centers, virtual data centers and cloud-based IT infrastructures. EMC’s Information Infrastructure business comprises three segments – Information Storage, RSA Information Security and Information Intelligence Group.

EMC’s VMware Virtual Infrastructure business, which is represented by EMC’s majority equity stake in VMware, Inc. (“VMware”), is the leader in virtualization infrastructure solutions utilized by organizations to help them transform the way they build, deliver and consume IT resources. VMware’s virtualization infrastructure solutions, which include a suite of products designed to deliver a software-defined data center, run on industry-standard desktop computers and servers and support a wide range of operating system and application environments, as well as networking and storage infrastructures.

General

The accompanying interim consolidated financial statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. These consolidated financial statements include the accounts of EMC, its wholly owned subsidiaries and VMware, a company majority-owned by EMC. All intercompany transactions have been eliminated.

Certain information and footnote disclosures normally included in our annual consolidated financial statements have been condensed or omitted. Accordingly, these interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2012 which are contained in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2013.

The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for any future period or the entire fiscal year. The interim consolidated financial statements, in the opinion of management, reflect all adjustments necessary to fairly state the results as of and for the three-month periods ended March 31, 2013 and 2012.

Net Income Per Share

Basic net income per weighted average share has been computed using the weighted average number of shares of common stock outstanding during the period. Diluted net income per weighted average share is computed using the weighted average number of common and dilutive common equivalent shares outstanding during the period. Common equivalent shares consist of stock options, restricted stock and restricted stock units, our $1.725 billion1.75% convertible senior notes due 2013 and associated warrants. Additionally, for purposes of calculating diluted net income per weighted average share, net income is adjusted for the difference between VMware’s reported diluted and basic net income per weighted average share, if any, multiplied by the number of shares of VMware held by EMC.

Reclassifications and Adjustments

Certain prior year amounts have been reclassified to conform with the current year's presentation.

As discussed in Note A to the consolidated financial statements on Form 10-K for the year ended December 31, 2012, we have reflected the correction of an immaterial prior period accounting error identified in the second quarter of 2012 in the statement of shareholders' equity for the three months ended March 31, 2012. The error resulted in an overstatement of our deferred tax liability and an understatement of our additional paid-in capital of $370.6 million at March 31, 2012 which have been revised in these financial statements.

8

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Recent Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued new guidance which requires companies to present information about reclassification adjustments from accumulated other comprehensive income in their financial statements or footnotes. The adoption of this new accounting guidance in the first quarter of 2013 did not have a material impact on our consolidated financial position, results of operations or cash flows.

In December 2011, the FASB issued guidance enhancing disclosure requirements about the nature of an entity's right to offset and related arrangements associated with its financial instruments and derivative instruments. The guidance requires the disclosure of the gross amounts subject to rights of set-off, amounts offset in accordance with the accounting standards followed, and the related net exposure. In January 2013, the FASB clarified that the scope of this guidance applies to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement, or similar agreements. The adoption of this new accounting guidance in the first quarter of 2013 did not have a material impact on our consolidated financial position, results of operations or cash flows. 

In March 2013, the FASB issued guidance that requires a parent company to release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. This new guidance is effective beginning after December 15, 2013.  We do not anticipate that the adoption of this new guidance will have a material impact on our consolidated financial position, results of operations or cash flows. 

2.  Non-controlling Interest in VMware, Inc.

The non-controlling interests’ share of equity in VMware is reflected as Non-controlling interest in VMware, Inc. in the accompanying consolidated balance sheets and was $1,178.3 million and $1,166.6 million as of March 31, 2013 and December 31, 2012, respectively. At March 31, 2013, EMC held approximately 97% of the combined voting power of VMware’s outstanding common stock and approximately 80% of the economic interest in VMware.

The effect of changes in our ownership interest in VMware on our equity was as follows (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Net income attributable to EMC Corporation	$	580,050		$	586,842
Transfers (to) from the non-controlling interest in VMware, Inc.:
Increase in EMC Corporation’s additional paid-in-capital for VMware’s equity issuances	35,777			61,261
Decrease in EMC Corporation’s additional paid-in-capital for VMware’s other equity activity	(167,753		)	(42,270		)
Net transfers (to) from non-controlling interest	(131,976		)	18,991
Change from net income attributable to EMC Corporation and transfers from the non-controlling interest in VMware, Inc.	$	448,074		$	605,833

3.  Business Combinations, Intangibles and Goodwill

During the three months ended March 31, 2013, VMware acquired a provider of software that optimizes storage performance and utilization in virtual environments. The consideration for this acquisition was $184.5 million, net of cash acquired. The consideration paid was allocated to the fair value of the assets acquired and liabilities assumed based on estimated fair values as of the acquisition date.

The allocation to goodwill, intangibles and net liabilities was approximately $162.3 million, $32.4 million and $10.2 million, respectively. The intangible assets are being amortized based upon the pattern in which the economic benefits of the intangible assets are being utilized. The results of this acquisition have been included in the consolidated financial statements from the date of purchase. Pro forma results of operations have not been presented as the results of the acquired company were not material to our consolidated results of operations for the three months ended March 31, 2013 or 2012.

9

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Intangible Assets

Intangible assets, excluding goodwill, as of March 31, 2013 and December 31, 2012 consist of (tables in thousands):

	March 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,234,505	$	(1,262,348	)	$	972,157
Patents	225,146		(90,673		)	134,473
Software licenses	96,695		(88,542		)	8,153
Trademarks and tradenames	172,821		(105,622		)	67,199
Customer relationships and customer lists	1,367,327		(756,562		)	610,765
In-process research and development	8,600		—			8,600
Leasehold interest	144,811		(7,910		)	136,901
Other	25,972		(26,695		)	(723		)
Total intangible assets, excluding goodwill	$	4,275,877	$	(2,338,352	)	$	1,937,525

	December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,233,293	$	(1,207,373	)	$	1,025,920
Patents	225,146		(86,954		)	138,192
Software licenses	96,218		(87,999		)	8,219
Trademarks and tradenames	172,821		(101,399		)	71,422
Customer relationships and customer lists	1,377,465		(723,403		)	654,062
Leasehold interest	144,811		(6,843		)	137,968
Other	25,972		(26,415		)	(443		)
Total intangible assets, excluding goodwill	$	4,275,726	$	(2,240,386	)	$	2,035,340

Goodwill

Changes in the carrying amount of goodwill, net, on a consolidated basis and by segment, for the three months ended March 31, 2013 and the year ended December 31, 2012 consist of (tables in thousands):

	Three Months Ended March 31, 2013
	Information Storage		Information Intelligence Group		RSA Information Security			VMware Virtual Infrastructure			Total
Balance, beginning of the period	$	7,441,351	$	1,484,220	$	2,022,406		$	2,891,723		$	13,839,700
Goodwill resulting from acquisitions	—		—		—			162,334			162,334
Finalization of purchase price allocations	270		6		(1,003		)	(7,395		)	(8,122		)
Balance, end of the period	$	7,441,621	$	1,484,226	$	2,021,403		$	3,046,662		$	13,993,912

	Year Ended December 31, 2012
	Information Storage			Information Intelligence Group			RSA Information Security			VMware Virtual Infrastructure			Total
Balance, beginning of the year	$	7,033,965		$	1,469,216		$	1,849,116		$	1,802,673		$	12,154,970
Goodwill resulting from acquisitions	437,868			15,097			179,389			1,091,673			1,724,027
Tax deduction from exercise of stock options	(7		)	(93		)	—			—			(100		)
Finalization of purchase price allocations	(1,281		)	—			(6,099		)	(2,623		)	(10,003		)
Goodwill derecognized in divestiture of business	(29,194		)	—			—			—			(29,194		)
Balance, end of the year	$	7,441,351		$	1,484,220		$	2,022,406		$	2,891,723		$	13,839,700

10

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

4.  Convertible Debt

In November 2006, we issued our $1,725 million1.75% convertible senior notes due 2011 (the “2011 Notes”) and our $1,725 million1.75% convertible senior notes due 2013 (the “2013 Notes”) for total gross proceeds of $3.45 billion. The 2011 Notes and 2013 Notes are senior unsecured obligations and rank equally with all other existing and future senior unsecured debt.

The 2011 Notes matured and a majority of the noteholders exercised their right to convert the outstanding 2011 Notes at the end of 2011. Pursuant to the settlement terms, the majority of the converted 2011 Notes were not settled until January 9, 2012. At that time, we paid the noteholders $1,699.8 million in cash for the outstanding principal and 29.5 million shares for the $661.4 million in excess of the conversion value over the principal amount, as prescribed by the terms of the 2011 Notes.

The holders of the 2013 Notes may convert their 2013 Notes at their option on any day prior to the close of business on the scheduled trading day immediately preceding September 1, 2013 only under the following circumstances: (1) during the five business-day period after any five consecutive trading-day period (the “measurement period”) in which the price per 2013 Note for each day of that measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate on each such day; (2) during any calendar quarter, if the last reported sale price of our common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter exceeds 130% of the applicable conversion price in effect on the last trading day of the immediately preceding calendar quarter; or (3) upon the occurrence of certain events specified in the 2013 Notes. Additionally, the 2013 Notes will become convertible during the last three months prior to their maturity.

Upon conversion, we will pay cash up to the principal amount of the debt converted. With respect to any conversion value in excess of the principal amount of the 2013 Notes converted, we have the option to settle the excess with cash, shares of our common stock, or a combination of cash and shares of our common stock based on a daily conversion value, determined in accordance with the indenture, calculated on a proportionate basis for each day of the relevant 20-day observation period. The initial conversion rate for the 2013 Notes will be 62.1978 shares of our common stock per one thousand dollars of principal amount of 2013 Notes, which represents a 27.5% conversion premium from the date the 2013 Notes were issued and is equivalent to a conversion price of approximately $16.08 per share of our common stock. The conversion price is subject to adjustment in some events as set forth in the indenture. In addition, if a “fundamental change” (as defined in the indenture) occurs prior to the maturity date, we will in some cases increase the conversion rate for a holder of 2013 Notes that elects to convert its 2013 Notes in connection with such fundamental change.

At March 31, 2013, the contingent conversion thresholds on the 2013 Notes were exceeded. As a result, the 2013 Notes continue to be convertible at the option of the holder through June 30, 2013. Accordingly, since the terms of the 2013 Notes require the principal to be settled in cash, we reclassified to the mezzanine from shareholders’ equity the portion of the 2013 Notes attributable to the conversion feature which had not yet been accreted to its face value, and the 2013 Notes were classified as a current liability. Contingencies continue to exist regarding the holders’ ability to convert the 2013 Notes in future quarters. The determination of whether the 2013 Notes are convertible will be performed on a quarterly basis. Consequently, the 2013 Notes might not be convertible in future quarters. Approximately $30.0 million of the 2013 Notes have been converted as of March 31, 2013.

The carrying amount of the 2013 Notes reported in the consolidated balance sheets as of March 31, 2013 was $1,695.0 million and the fair value was $2,534.0 million. The carrying amount of the equity component of the 2013 Notes was $283.5 million at March 31, 2013. As of March 31, 2013, the unamortized discount on the 2013 Notes consists of $41.6 million, which will be fully amortized by December 1, 2013.

The 2013 Notes pay interest in cash at a rate of 1.75%semi-annually in arrears on December 1 and June 1 of each year. The effective interest rate on the 2011 Notes and 2013 Notes was 5.6% for both the three months ended March 31, 2013 and 2012.

The following table represents the key components of our interest expense on convertible debt (table in thousands):

	For the Three Months Ended
	March 31, 2013		March 31, 2012
Contractual interest expense on the coupon	$	7,460	$	7,523
Amortization of the discount component recognized as interest expense	15,578		14,700
Total interest expense on the convertible debt	$	23,038	$	22,223

11

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

In connection with the issuance of the 2011 Notes and 2013 Notes, we entered into separate convertible note hedge transactions with respect to our common stock (the “Purchased Options”). The Purchased Options allow us to receive shares of our common stock and/or cash related to the excess conversion value that we would pay to the holders of the 2011 Notes and 2013 Notes upon conversion. The Purchased Options will cover, subject to customary anti-dilution adjustments, approximately 215 million shares of our common stock. We paid an aggregate amount of $669.1 million of the proceeds from the sale of the 2011 Notes and 2013 Notes for the Purchased Options that was recorded as additional paid-in-capital in shareholders’ equity. In the fourth quarter of 2011, we exercised 107.5 million of the Purchased Options in conjunction with the planned settlements of the 2011 Notes, and we received 29.5 million shares of net settlement on January 9, 2012, representing the excess conversion value of the options. The remaining 107.5 million of the Purchased Options expire on December 1, 2013.

We also entered into separate transactions in which we sold warrants to acquire, subject to customary anti-dilution adjustments, approximately 215 million shares of our common stock at an exercise price of approximately $19.55 per share of our common stock. We received aggregate proceeds of $391.1 million from the sale of the associated warrants. Upon exercise, the value of the warrants is required to be settled in shares. Half of the associated warrants were exercised between February 15, 2012 and March 14, 2012 and the remaining half of the associated warrants have expiration dates between February 18, 2014 and March 18, 2014. During the first quarter of 2012, the exercised warrants were settled with 32.3 million shares of our common stock.

The Purchased Options and associated warrants will generally have the effect of increasing the conversion price of the 2013 Notes to approximately $19.55 per share of our common stock, representing an approximate 55% conversion premium based on the closing price of $12.61 per share of our common stock on November 13, 2006, which was the issuance date of the 2013 Notes.

In 2010, EMC entered into interest rate swap contracts with an aggregate notional amount of approximately $900 million. These swaps were designated as cash flow hedges of the semi-annual interest payments of the forecasted issuance of debt in 2011 when our 2011 Notes were scheduled to become due. As such, the unrealized loss on these hedges was recognized in other comprehensive loss. In November 2011, we settled the swaps and replaced them with new interest rate swap contracts for the forecasted issuance of debt in 2012. In April 2012, we settled the swaps and replaced them with new interest rate swap contracts for the forecasted issuance of debt in 2012. Each of these new swaps was deemed as an effective hedge as the notional amounts and other terms matched the underlying hedged item. Losses on the interest rate swap contracts at the time of settlement of $141.0 million in November 2011 and $23.0 million in April 2012 were deferred as they were expected to be realized over the life of the new debt issued under the related interest rate swap contracts and recognized as a component of interest expense in the consolidated income statements.

In June 2012, management changed its forecast date for the issuance of debt from December 31, 2012 to the first quarter of 2014. Consequently, hedge accounting effectively ceased as the terms of the swaps no longer matched the terms of the underlying hedged item resulting in changes in the fair value of the swaps being recorded in the consolidated income statement. The swaps were subsequently re-designated as cash flow hedges and achieved hedge accounting. The change in the forecasted timeframe for the issuance of debt resulted in certain previously-anticipated hedge interest payments no longer being expected to occur within the window covered by the hedge designation. As a result, $39.5 million of accumulated realized losses in other comprehensive income related to these previously-anticipated interest payments were reclassified from other comprehensive income and recognized in the 2012 consolidated income statements.

In July 2012, we settled the interest rate swap contracts and did not replace them. Losses on the interest rate swap contracts at the time of settlement of $45.5 million were deferred as they are expected to be realized over the life of the new debt issued under the related interest rate swap contracts and recognized as a component of interest expense in the consolidated income statements. At March 31, 2013, we had $176.5 million of accumulated realized losses related to the settled swaps in accumulated other comprehensive income.

12

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

5.  Fair Value of Financial Assets and Liabilities

Our fixed income and equity investments are classified as available for sale and recorded at their fair market values. We determine fair value using the following hierarchy:

• Level 1 – Quoted prices in active markets for identical assets or liabilities.

• Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

• Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Most of our fixed income securities are classified as Level 2, with the exception of some of our U.S. government and agency obligations and our investments in publicly traded equity securities, which are classified as Level 1, and all of our auction rate securities, which are classified as Level 3. In addition, our strategic investments held at cost are classified as Level 3. At March 31, 2013, the vast majority of our Level 2 securities were priced by pricing vendors. These pricing vendors utilize the most recent observable market information in pricing these securities or, if specific prices are not available for these securities, use other observable inputs like market transactions involving identical or comparable securities. In the event observable inputs are not available, we assess other factors to determine the security’s market value, including broker quotes or model valuations. Each month, we perform independent price verifications of all of our fixed income holdings. In the event a price fails a pre-established tolerance check, it is researched so that we can assess the cause of the variance to determine what we believe is the appropriate fair market value.

In general, investments with remaining effective maturities of 12 months or less from the balance sheet date are classified as short-term investments. Investments with remaining effective maturities of more than 12 months from the balance sheet date are classified as long-term investments. Our publicly traded equity securities are classified as long-term investments and our strategic investments held at cost are classified as other assets. As a result of the lack of liquidity for auction rate securities, we have classified these as long-term investments as of March 31, 2013 and December 31, 2012. At March 31, 2013 and December 31, 2012, all of our short- and long-term investments, excluding auction rate securities, were recognized at fair value, which was determined based upon observable inputs from our pricing vendors for identical or similar assets. At March 31, 2013 and December 31, 2012, auction rate securities were valued using a discounted cash flow model.

The following tables summarize the composition of our short- and long-term investments at March 31, 2013 and December 31, 2012 (tables in thousands):

	March 31, 2013
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	2,077,989	$	8,548	$	(1,451	)	$	2,085,086
U.S. corporate debt securities	1,512,318		8,924		(436		)	1,520,806
High yield corporate debt securities	496,222		33,603		(766		)	529,059
Asset-backed securities	3,731		3		(4		)	3,730
Municipal obligations	966,539		4,799		(45		)	971,293
Auction rate securities	72,076		—		(3,829		)	68,247
Foreign debt securities	1,408,091		8,092		(720		)	1,415,463
Total fixed income securities	6,536,966		63,969		(7,251		)	6,593,684
Publicly traded equity securities	70,374		40,313		(616		)	110,071
Total	$	6,607,340	$	104,282	$	(7,867	)	$	6,703,755

We held approximately $1.4 billion in foreign debt securities at March 31, 2013. These securities have an average credit rating of A+, and approximately 5% of these securities are deemed sovereign debt with an average credit rating of AA+. None of the securities deemed sovereign debt are from Greece, Italy, Ireland, Portugal, Spain or Cyprus. Additionally, we have an immaterial amount of exposure to French agencies and financial institutions.

13

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	December 31, 2012
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	2,190,957	$	10,225	$	(967	)	$	2,200,215
U.S. corporate debt securities	1,480,026		10,189		(509		)	1,489,706
High yield corporate debt securities	485,799		34,223		(800		)	519,222
Asset-backed securities	2,115		3		—			2,118
Municipal obligations	1,032,320		3,007		(540		)	1,034,787
Auction rate securities	73,545		—		(3,365		)	70,180
Foreign debt securities	1,270,035		9,082		(255		)	1,278,862
Total fixed income securities	6,534,797		66,729		(6,436		)	6,595,090
Publicly traded equity securities	46,665		40,548		(731		)	86,482
Total	$	6,581,462	$	107,277	$	(7,167	)	$	6,681,572

The following tables represent our fair value hierarchy for our financial assets and liabilities measured at fair value as of March 31, 2013 and December 31, 2012 (in thousands):

	March 31, 2013
	Level 1		Level 2			Level 3		Total
Cash	$	1,622,174	$	—		$	—	$	1,622,174
Cash equivalents	3,225,860		456,271			—		3,682,131
U.S. government and agency obligations	1,137,609		947,477			—		2,085,086
U.S. corporate debt securities	—		1,520,806			—		1,520,806
High yield corporate debt securities	—		529,059			—		529,059
Asset-backed securities	—		3,730			—		3,730
Municipal obligations	—		971,293			—		971,293
Auction rate securities	—		—			68,247		68,247
Foreign debt securities	—		1,415,463			—		1,415,463
Publicly traded equity securities	110,071		—			—		110,071
Total cash and investments	$	6,095,714	$	5,844,099		$	68,247	$	12,008,060
Other items:
Strategic investments held at cost	$	—	$	—		$	325,437	$	325,437
Investment in joint venture	—		—			33,226		33,226
Convertible debt	—		(2,534,038		)	—		(2,534,038		)
Foreign exchange derivative assets	—		22,261			—		22,261
Foreign exchange derivative liabilities	—		(40,403		)	—		(40,403		)
Commodity derivative assets	—		75			—		75

14

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	December 31, 2012
	Level 1		Level 2			Level 3		Total
Cash	$	1,493,843	$	—		$	—	$	1,493,843
Cash equivalents	2,898,183		362,034			—		3,260,217
U.S. government and agency obligations	1,324,919		871,290			—		2,196,209
U.S. corporate debt securities	—		1,480,450			—		1,480,450
High yield corporate debt securities	—		510,412			—		510,412
Asset-backed securities	—		2,117			—		2,117
Municipal obligations	—		1,022,889			—		1,022,889
Auction rate securities	—		—			70,086		70,086
Foreign debt securities	—		1,273,023			—		1,273,023
Publicly traded equity securities	86,482		—			—		86,482
Total cash and investments	$	5,803,427	$	5,522,215		$	70,086	$	11,395,728
Other items:
Strategic investments held at cost	$	—	$	—		$	351,855	$	351,855
Investment in joint venture	—		—			32,745		32,745
Convertible debt	—		(2,665,690		)	—		(2,665,690		)
Foreign exchange derivative assets	—		30,189			—		30,189
Foreign exchange derivative liabilities	—		(34,590		)	—		(34,590		)
Commodity derivative assets	—		(588		)	—		(588		)

Our auction rate securities are predominantly rated investment grade and are primarily collateralized by student loans. The underlying loans of all but two of our auction rate securities, with a market value of $16.0 million, have partial guarantees by the U.S. government as part of the Federal Family Education Loan Program (“FFELP”) through the U.S. Department of Education. FFELP guarantees at least 95% of the loans which collateralize the auction rate securities. We believe the quality of the collateral underlying most of our auction rate securities will enable us to recover our principal balance.

To determine the estimated fair value of our investment in auction rate securities, we used a discounted cash flow model using a five year time horizon. As of March 31, 2013, the coupon rates used ranged from 0% to 5% and the discount rate was 1%, which rate represents the rate at which similar FFELP backed securities with a five year time horizon outside of the auction rate securities market were trading at March 31, 2013. The assumptions used in preparing the discounted cash flow model include an incremental discount rate for the lack of liquidity in the market (“liquidity discount margin”) for an estimated period of time. The discount rate we selected was based on AA-rated banks as the majority of our portfolio is invested in student loans where EMC acts as a financier to these lenders. The liquidity discount margin represents an estimate of the additional return an investor would require for the lack of liquidity of these securities over an estimated five year holding period. The rate used for the discount margin was 1% at March 31, 2013 and December 31, 2012 due to the narrowing of credit spreads on AA-rated banks during 2012.

The following table provides a summary of changes in fair value of our Level 3 auction rate securities for the three months ended March 31, 2013 and 2012 (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Balance, beginning of the period	$	70,180		$	74,687
Calls at par value	(580		)	(219		)
Other-than-temporary impairment loss	(889		)	—
(Increase) decrease in previously recognized unrealized losses included in other comprehensive income	(464		)	4,026
Balance, end of the period	$	68,247		$	78,494

Significant changes in the unobservable inputs discussed above could result in a significantly lower or higher fair value measurement. Generally, an increase in the discount rate, liquidity discount margin or coupon rate results in a decrease in our fair value measurement and a decrease in the discount rate, liquidity discount margin or coupon rate results in an increase in our fair value measurement.

15

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

We account for our joint venture LenovoEMC using the fair value method of accounting. To determine the estimated fair value of our investment, we use a discounted cash flow model using a three year time horizon. The discount rate used was 6%, which represents the incremental borrowing rate for a market participant. The assumptions used in preparing the discounted cash flow model include an analysis of estimated Lenovo NAS revenue against a prescribed target as well as consideration of the purchase price put and call features included in the joint venture agreement. The put and call features create a floor and a cap on the fair value of the investment. As such, there is a limit to the impact on the fair value that would result from significant changes in the unobservable inputs.

The following table provides a summary of changes in fair value of our LenovoEMC joint venture for the three months ended March 31, 2013 and 2012 (table in thousands):

	For the Three Months Ended
	March 31, 2013		March 31, 2012
Balance, beginning of the period	$	32,745	$	—
Realized gain included in other income (expense)	481		—
Balance, end of period	$	33,226	$	—

We perform a fair value calculation of our strategic investments held at cost on a quarterly basis using the most currently available information as part of our impairment reviews. To determine the estimated fair value of private strategic investments held at cost we use a combination of several valuation techniques including discounted cash flow models, acquisition comparables and trading comparables. In addition, we evaluate the impact of pre- and post-money valuations of recent financing events and the impact of those on our fully diluted ownership percentages, and we consider any available information regarding the issuer’s historical and forecasted performance as well as market comparables and conditions. The fair value of these investments is considered in our review for impairment if any events and changes in circumstances occur that might have a significant adverse effect on their value.

Investment Losses

Unrealized losses on investments at March 31, 2013 by investment category and length of time the investment has been in a continuous unrealized loss position are as follows (table in thousands):

	Less Than 12 Months					12 Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. government and agency obligations	$	254,486	$	(1,235	)	$	9,295	$	(216	)	$	263,781	$	(1,451	)
U.S. corporate debt securities	273,100		(436		)	—		—			273,100		(436		)
High yield corporate debt securities	43,943		(673		)	164		(93		)	44,107		(766		)
Asset-backed securities	2,666		(4		)	6		—			2,672		(4		)
Municipal obligations	24,624		(33		)	9,587		(12		)	34,211		(45		)
Auction rate securities	—		—			68,247		(3,829		)	68,247		(3,829		)
Foreign debt securities	298,632		(720		)	—		—			298,632		(720		)
Publicly traded equity securities	1,315		(616		)	—		—			1,315		(616		)
Total	$	898,766	$	(3,717	)	$	87,299	$	(4,150	)	$	986,065	$	(7,867	)

For all of our securities for which the amortized cost basis was greater than the fair value at March 31, 2013, we have concluded that currently we neither plan to sell the security nor is it more likely than not that we would be required to sell the security before its anticipated recovery. In making the determination as to whether the unrealized loss is other-than-temporary, we considered the length of time and extent the investment has been in an unrealized loss position, the financial condition and near-term prospects of the issuers, the issuers’ credit rating, third party guarantees and the time to maturity.

16

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Contractual Maturities

The contractual maturities of fixed income securities held at March 31, 2013 are as follows (table in thousands):

	March 31, 2013
	Amortized Cost Basis		Aggregate Fair Value
Due within one year	$	1,220,229	$	1,223,463
Due after 1 year through 5 years	4,423,210		4,450,632
Due after 5 years through 10 years	484,206		511,333
Due after 10 years	409,321		408,256
Total	$	6,536,966	$	6,593,684

6.  Inventories

Inventories consist of (table in thousands):

	March 31, 2013		December 31, 2012
Work-in-process	$	612,423	$	605,534
Finished goods	567,588		595,486
	$	1,180,011	$	1,201,020

7.  Accounts and Notes Receivable and Allowance for Credit Losses

Accounts and notes receivable are recorded at cost. The portion of our notes receivable due in one year or less are included in accounts and notes receivable and the long-term portion is included in other assets, net on the consolidated balance sheets. Lease receivables arise from sales-type leases of products. We typically sell, without recourse, the contractual right to the lease payment stream and assets under lease to third parties. For certain customers, we retain the lease.

The contractual amounts due under the leases we retained as of March 31, 2013 were as follows (table in thousands):

Year	Contractual Amounts Due Under Leases
Due within one year	$	91,116
Due within two years	64,952
Due within three years	55,644
Thereafter	682
Total	212,394
Less amounts representing interest	(6,681		)
Present value	205,713
Current portion (included in accounts and notes receivable)	89,050
Long-term portion (included in other assets, net)	$	116,663

Subsequent to March 31, 2013, we sold $35.7 million of these notes to third parties without recourse.

We maintain an allowance for credit losses on our accounts and notes receivable. The allowance is based on the credit worthiness of our customers, including an assessment of the customer’s financial position, operating performance and their ability to meet their contractual obligation. We assess the credit scores for our customers each quarter. In addition, we consider our historical experience, the age of the receivable and current market and economic conditions. Uncollectible amounts are charged against the allowance account.

In the event we determine that a lease may not be paid, we include in our allowance an amount for the outstanding balance related to the lease receivable. As of March 31, 2013, amounts from lease receivables past due for more than 90 days were not significant.

17

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

The following table presents the activity of our allowance for credit losses related to lease receivables for the three months ended March 31, 2013 and 2012 (table in thousands):

	March 31, 2013			March 31, 2012
Balance, beginning of the period	$	16,777		$	24,247
Recoveries	(5,404		)	(11,758		)
Provisions	5,885			8,559
Balance, end of the period	$	17,258		$	21,048

Gross lease receivables totaled $212.4 million and $328.8 million as of March 31, 2013 and December 31, 2012, respectively, before the allowance. The components of these balances were individually evaluated for impairment.

8.  Property, Plant and Equipment

Property, plant and equipment consist of (table in thousands):

	March 31, 2013			December 31, 2012
Furniture and fixtures	$	203,983		$	197,429
Equipment and software	5,442,443			5,345,314
Buildings and improvements	1,898,946			1,872,559
Land	120,656			120,654
Building construction in progress	232,892			196,891
	7,898,920			7,732,847
Accumulated depreciation	(4,728,753		)	(4,588,299		)
	$	3,170,167		$	3,144,548

Building construction in progress at March 31, 2013 includes $73.6 million for facilities not yet placed in service that we are holding for future use.

9.  Joint Ventures

We make investments in joint ventures. For each joint venture investment we consider the facts and circumstances in order to determine whether it qualifies for cost accounting, equity accounting, fair value method accounting or whether it should be consolidated.

VCE Company LLC

In 2009, Cisco and EMC formed VCE Company LLC (“VCE”), with investments from VMware and Intel. VCE, through Vblock infrastructure platforms, delivers an integrated IT offering that combines network, computing, storage, management, security and virtualization technologies for converged infrastructures and cloud based computing models. As of March 31, 2013, we have contributed $780.8 million in funding and $14.5 million in stock-based compensation to VCE since inception and own approximately 58% of VCE’s outstanding equity.

We consider VCE a variable interest entity. Authoritative guidance related to variable interest entities states that the primary beneficiary of a variable interest entity must have both of the following characteristics: (a) the power to direct the activities of a variable interest entity that most significantly will impact the entity’s economic performance; and (b) the obligation to absorb losses that could be potentially significant to the variable interest entity or the right to receive benefits from the entity that could potentially be significant to the variable interest entity. Since the power to direct the activities of VCE which most significantly impact its economic performance are determined by its board of directors, which is comprised of equal representation of EMC and Cisco, and all significant decisions require the approval of the minority shareholders, we have determined we are not the primary beneficiary, and as such we account for the investment under the equity method.

Our portion of VCE’s gains and losses is recognized in other income (expense), net, in the consolidated income statements. Our consolidated share of VCE’s losses, based upon our portion of the overall funding, was approximately 63.2% for the three months ended March 31, 2013 and 2012. As of March 31, 2013, we have recorded net accumulated losses from VCE of $566.9

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

million since inception, of which $68.7 million and $55.5 million were recorded in the three months ended March 31, 2013 and 2012, respectively.

We recognized $74.1 million and $70.3 million in revenue from sales of product and services to VCE during the three months ended March 31, 2013 and 2012, respectively. We perform certain administrative services, pursuant to an administrative services agreement, on behalf of VCE and we pay certain operating expenses on behalf of VCE. Accordingly, we had a receivable from VCE related to the administrative services agreement of $40.7 million and $44.3 million as of March 31, 2013 and December 31, 2012, respectively, included in other current assets in the consolidated balance sheets.

LenovoEMC Joint Venture

In the fourth quarter of 2012, EMC and Lenovo formed a joint venture, LenovoEMC Limited, to provide NAS systems to small- and medium-sized businesses and distributed enterprise sites. EMC has a 49% ownership percentage of the joint venture and we have elected to account for the investment using the fair value method of accounting. The fair value of our investment in the joint venture was $33.2 million as of March 31, 2013 and is included in other assets, net on the consolidated balance sheet.

10.  Accrued Expenses

Accrued expenses consist of (table in thousands):

	March 31, 2013		December 31, 2012
Salaries and benefits	$	876,798	$	1,018,289
Product warranties	282,573		277,862
Partner rebates	156,707		187,413
Restructuring, current (See Note 13)	130,281		75,567
Derivatives	41,812		40,279
Other	909,654		922,649
	$	2,397,825	$	2,522,059

Product Warranties

Systems sales include a standard product warranty. At the time of the sale, we accrue for systems’ warranty costs. The initial systems’ warranty accrual is based upon our historical experience, expected future costs and specific identification of systems’ requirements. Upon sale or expiration of the initial warranty, we may sell additional maintenance contracts to our customers. Revenue from these additional maintenance contracts is included in deferred revenue and recognized ratably over the service period. The following represents the activity in our warranty accrual for the three months ended March 31, 2013 and 2012 (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Balance, beginning of the period	$	277,862		$	254,554
Provision	44,628			48,253
Amounts charged to the accrual	(39,917		)	(39,626		)
Balance, end of the period	$	282,573		$	263,181

The provision includes amounts accrued for systems at the time of shipment, adjustments for changes in estimated costs for warranties on systems shipped in the period and changes in estimated costs for warranties on systems shipped in prior periods. It is not practicable to determine the amounts applicable to each of the components.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

11.  Income Taxes

Our effective income tax rates were 11.0% and 23.4% for the three months ended March 31, 2013 and 2012, respectively. Our effective income tax rate is based upon estimated income before provision for income taxes for the year, composition of the income in different countries, and adjustments, if any, in the applicable quarterly periods for potential tax consequences, benefits and/or resolutions of tax audits or other tax contingencies. For the three months ended March 31, 2013, the effective income tax rate varied from the statutory income tax rate principally as a result of the mix of income attributable to foreign versus domestic jurisdictions and the federal tax credit for increasing research activities. Our aggregate income tax rate in foreign jurisdictions is lower than our income tax rate in the United States; substantially all of our income before the provision for income taxes from foreign operations has been earned by our Irish subsidiaries. We do not believe that any recent or currently expected developments in non-U.S. tax jurisdictions are reasonably likely to have a material impact on our effective income rate. On January 2, 2013, the American Taxpayer Relief Act of 2012 was signed into law. Some of the provisions were retroactive to January 1, 2012 including an extension of the U.S. federal tax credit for increasing research activities through December 31, 2013. Because the extension was enacted after December 31, 2012, our income tax provision for the three months ended March 31, 2013 included the estimated federal tax credit for increasing research activities for the full year 2012 as well as the three months ended March 31, 2013, which reduced our effective tax rate for the quarter. For the three months ended March 31, 2012, the effective income tax rate varied from the statutory income tax rate principally as a result of the mix of income attributable to foreign versus domestic jurisdictions.

Our effective income tax rate decreased in the three months ended March 31, 2013 from the three months ended March 31, 2012 due primarily to the retroactive renewal of the U.S. federal tax credit for increasing research activities which reduced our effective income tax rate by approximately 10.9% for the three months ended March 31, 2013. There were also differences in the mix of income attributable to foreign versus domestic jurisdictions, change in tax contingency reserves and discrete items, the net impact of which is immaterial.

We are routinely under audit by the Internal Revenue Service (the “IRS”). We have concluded all U.S. federal income tax matters for years through 2008. The IRS commenced a federal income tax audit for the tax years 2009 and 2010 in the third quarter of 2012. The current federal income tax audit is in the early stage for information gathering and it is not expected to be completed until 2015. We also have income tax audits in process in numerous state, local and international jurisdictions. In our international jurisdictions that comprise a significant portion of our operations, the years that may be examined vary, with the earliest year being 2003. Based on the timing and outcome of examinations of EMC, the result of the expiration of statutes of limitations for specific jurisdictions or the timing and result of ruling requests from taxing authorities, it is reasonably possible that the related unrecognized tax benefits could change from those recorded in our statement of financial position. We anticipate that several of these audits may be finalized within the next 12 months. While we expect the amount of unrecognized tax benefits to change in the next twelve months, we do not expect the change to have a significant impact on our results of operations or financial position.

12.  Stockholders’ Equity

The reconciliation from basic to diluted earnings per share for both the numerators and denominators is as follows (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Numerator:
Net income attributable to EMC Corporation	$	580,050		$	586,842
Incremental dilution from VMware	(1,485		)	(2,891		)
Net income – dilution attributable to EMC Corporation	$	578,565		$	583,951
Denominator:
Weighted average shares, basic	2,102,368			2,067,828
Weighted common stock equivalents	30,397			45,606
Assumed conversion of the 2013 Notes and associated warrants	56,645			88,499
Weighted average shares, diluted	2,189,410			2,201,933

Due to the cash settlement feature of the principal amount of the 2013 Notes, we only include the impact of the premium feature in our diluted earnings per share calculation when the 2013 Notes are convertible due to maturity or when the average stock price exceeds the conversion price of the 2013 Notes.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Concurrent with the issuance of the 2011 Notes and 2013 Notes, we also entered into separate transactions in which we sold warrants to acquire, subject to customary anti-dilution adjustments, approximately 215 million shares of our common stock at an exercise price of approximately $19.55 per share of our common stock. Half of the associated warrants were exercised during the three months ended March 31, 2013. We include the impact of the remaining outstanding sold warrants in our diluted earnings per share calculation when the average stock price exceeds the exercise price.

Restricted stock awards, restricted stock units and options to acquire 3.1 million and 4.6 million of our common stock for the three months ended March 31, 2013 and 2012, respectively, were excluded from the calculation of diluted earnings per share because they were antidilutive. The incremental dilution from VMware represents the impact of VMware’s dilutive securities on EMC’s consolidated diluted net income per share and is calculated by multiplying the difference between VMware’s basic and diluted earnings per share by the number of VMware shares owned by EMC.

Repurchases of Common Stock

We utilize both authorized and unissued shares (including repurchased shares) for all issuances under our equity plans. In 2008, our Board of Directors authorized the repurchase of 250.0 million shares of our common stock. For the three months ended March 31, 2013, we spent $308.0 million to repurchase 12.6 million shares of our common stock. Of the 250.0 million shares authorized for repurchase, we have repurchased 235.5 million shares at a total cost of $4.7 billion, leaving a remaining balance of 14.5 million shares authorized for future repurchases. In February 2013, our Board of Directors authorized the repurchase of an additional 250.0 million shares of our common stock. We plan to spend up to $1.0 billion in 2013 on common stock repurchases.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss), which is presented net of tax, consist of the following (table in thousands):

	Foreign Currency Translation Adjustments			Unrealized Net Gains on Investments			Unrealized Net Losses on Derivatives			Recognition of Actuarial Net Loss from Pension and Other Postretirement Plans			Accumulated Other Comprehensive Income Attributable to the Non-controlling Interest in VMware, Inc.			Total
Balance as of December 31, 2012(a)	$	(8,786	)	$	63,485		$	(108,645	)	$	(153,172	)	$	(1,155	)	$	(208,273	)
Other comprehensive income before reclassifications	(31,205		)	719			5,866			—			57			(24,563		)
Net losses (gains) reclassified from accumulated other comprehensive income	—			(3,761		)	(5,374		)	—			—			(9,135		)
Net current period other comprehensive income	(31,205		)	(3,042		)	492			—			57			(33,698		)
Balance at March 31, 2013(b)	$	(39,991	)	$	60,443		$	(108,153	)	$	(153,172	)	$	(1,098	)	$	(241,971	)

(a) Net of taxes (benefits) of $36.6 million for unrealized net gains on investments, $(67.2) million for unrealized net losses on derivatives and $(87.3) million for actuarial net loss on pension plans.

(b) Net of taxes (benefits) of $36.0 million for unrealized net gains on investments, $(66.9) million for unrealized net losses on derivatives and $(87.3) million for actuarial net loss on pension plans.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

The amounts reclassified out of accumulated other comprehensive income (loss) for the three months ended March 31, 2013 are as follows (table in thousands):

Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Impacted Line Item on Consolidated Income Statements
Net gain on investments:	$	5,865		Investment income
	(2,104		)	Provision for income tax
Net of tax	$	3,761
Net gain on derivatives:
Foreign exchange contracts	$	10,021		Product sales revenue
Foreign exchange contracts	(3,879		)	Cost of product sales
Total net gain on derivatives before tax	6,142
	(768		)	Provision for income tax
Net of tax	$	5,374

13.  Restructuring and Acquisition-Related Charges

For the three months ended March 31, 2013 and 2012, we incurred restructuring and acquisition-related charges of $147.7 million and $25.9 million, respectively. For the three months ended March 31, 2013, EMC incurred $81.7 million of restructuring charges, primarily related to our current year restructuring programs and $1.9 million of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three months ended March 31, 2013, VMware incurred $53.8 million of restructuring charges related to workforce reductions as part of its current year restructuring program, $9.0 million of impairment charges related to its business realignment and $1.3 million of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three months ended March 31, 2012, we incurred $24.2 million of restructuring charges, primarily related to our 2012 restructuring programs and $1.7 million of costs in connection with acquisitions for financial advisory, legal and accounting services.

In the first quarter of 2013, EMC implemented restructuring programs to create further operational efficiencies which will result in a workforce reduction of 1,004 positions. The actions will impact positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments, and is expected to result in a total charge of approximately $80.0 million, with total cash payments associated with the plan expected to be approximately $73.0 million. All of these actions are expected to be completed within a year of the start of each program.

In the first quarter of 2013, VMware implemented a plan to streamline its operations in order to focus its business on strategic areas it has determined to be most compelling. The plan includes the elimination of approximately 800 positions across all major functional groups and geographies, and is expected to result in a charge in the range of $60.0 million to $65.0 million, of which $53.8 million was recognized during the three months ended March 31, 2013. Additionally, VMware exited and is planning to exit certain lines of business and consolidate facilities, which is expected to result in a total charge, including asset impairments, in the range of $15.0 million to $25.0 million, of which $9.0 million was recognized during the three months ended March 31, 2013. All of these actions are expected to be completed by the end of 2013. The total cash expenditures associated with the plan are expected to be in the range of $60.0 million to $75.0 million. The associated cash payments are expected to be paid out primarily through the end of 2013.

During 2012, we implemented separate restructuring programs to create further operational efficiencies which resulted in a workforce reduction of 1,163 positions, of which 298 positions were identified in the three months ended March 31, 2012. The actions impacted positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments. All of these actions are expected to be completed by the end of 2013.

For the three months ended March 31, 2013 and 2012, we recognized $7.1 million and $3.7 million, respectively, of lease termination costs for facilities vacated in the period in accordance with our plan as part of all of our restructuring programs and for costs associated with terminating other contractual obligations. These costs are expected to be utilized by the end of 2015.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

The activity for the restructuring programs is presented below (tables in thousands):

Three Months Ended March 31, 2013:

2013 EMC Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of March 31, 2013
Workforce reductions	$	—	$	79,409	$	(13,515	)	$	65,894
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	—	$	79,409	$	(13,515	)	$	65,894

2013 VMware Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of March 31, 2013
Workforce reductions	$	—	$	53,847	$	(28,062	)	$	25,785
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	—	$	53,847	$	(28,062	)	$	25,785

Other EMC Programs
Category	Balance as of December 31, 2012		Adjustments to the Provision			Utilization			Balance as of March 31, 2013
Workforce reductions	$	62,962	$	(4,878	)	$	(12,233	)	$	45,851
Consolidation of excess facilities and other contractual obligations	28,427		7,130			(5,377		)	30,180
Total	$	91,389	$	2,252		$	(17,610	)	$	76,031

Three Months Ended March 31, 2012:

2012 EMC Programs
Category	Balance as of December 31, 2011		2012 Charges		Utilization			Balance as of March 31, 2012
Workforce reductions	$	—	$	23,348	$	(2,706	)	$	20,642
Consolidation of excess facilities and other contractual obligations	—		1,318		(710		)	608
Total	$	—	$	24,666	$	(3,416	)	$	21,250

Other EMC Programs
Category	Balance as of December 31, 2011		Adjustments to the Provision			Utilization			Balance as of March 31, 2012
Workforce reductions	$	49,863	$	(2,876	)	$	(15,675	)	$	31,312
Consolidation of excess facilities and other contractual obligations	30,112		2,389			(4,320		)	28,181
Total	$	79,975	$	(487	)	$	(19,995	)	$	59,493

As of March 31, 2013, VMware had reclassified $26.9 million in assets, primarily intangible assets, to assets held for sale for a line of business it plans to exit. Additionally, $27.2 million in unearned revenues was reclassified to liabilities held for sale. Assets held for sale are reported in other current assets, while liabilities held for sale are reported in accrued expenses on the consolidated balance sheet as of March 31, 2013.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

14.  Commitments and Contingencies

Line of Credit

We have available for use a credit line of $50.0 million in the United States. As of March 31, 2013, we had no borrowings outstanding on the line of credit. The credit line bears interest at the bank’s base rate and requires us, upon utilization of the credit line, to meet certain financial covenants with respect to limitations on losses. In the event the covenants are not met, the lender may require us to provide collateral to secure the outstanding balance. At March 31, 2013, we were in compliance with the covenants.

Litigation

We are involved in a variety of claims, demands, suits, investigations and proceedings that arise from time to time relating to matters incidental to the ordinary course of our business, including actions with respect to contracts, intellectual property, product liability, employment, benefits and securities matters. As required by authoritative guidance, we have estimated the amount of probable losses that may result from all currently pending matters, and such amounts are reflected in our consolidated financial statements. These recorded amounts are not material to our consolidated financial position or results of operations and no additional material losses related to these pending matters are reasonably possible. While it is not possible to predict the outcome of these matters with certainty, we do not expect the results of any of these actions to have a material adverse effect on our business, results of operations or financial condition. Because litigation is inherently unpredictable, however, the actual amounts of loss may prove to be larger or smaller than the amounts reflected in our consolidated financial statements, and we could incur judgments or enter into settlements of claims that could adversely affect our operating results or cash flows in a particular period.

15.  Segment Information

We manage our business in two broad categories: EMC Information Infrastructure and VMware Virtual Infrastructure. EMC Information Infrastructure operates in three segments: Information Storage, Information Intelligence Group and RSA Information Security, while VMware Virtual Infrastructure operates in a single segment. Our management measures are designed to assess performance of these operating segments excluding certain items. As a result, the corporate reconciling items are used to capture the items excluded from the segment operating performance measures, including stock-based compensation expense, acquisition-related intangible asset amortization expense and transition costs. Additionally, in certain instances, infrequently occurring gains or losses are also excluded from the measures used by management in assessing segment performance. The VMware Virtual Infrastructure amounts represent the revenues and expenses of VMware as reflected within EMC’s consolidated financial statements. Research and development expenses, selling, general and administrative expenses, restructuring and acquisition-related charges, and other income (expense) associated with the EMC Information Infrastructure business are not allocated to the segments within the EMC Information Infrastructure business, as they are managed centrally at the corporate level. For the three segments within the EMC Information Infrastructure business, gross profit is the segment operating performance measure.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Our segment information for the three months ended March 31, 2013 and 2012 is as follows (tables in thousands, except percentages):

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
March 31, 2013
Revenues:
Product revenues	$	2,481,026		$	43,610		$	99,736		$	2,624,372		$	487,564		$	—		$	3,111,936
Services revenues	1,330,079			112,306			132,572			1,574,957			700,490			—			2,275,447
Total consolidated revenues	3,811,105			155,916			232,308			4,199,329			1,188,054			—			5,387,383
Cost of sales	1,717,961			56,741			80,391			1,855,093			134,523			99,942			2,089,558
Gross profit	$	2,093,144		$	99,175		$	151,917		2,344,236			1,053,531			(99,942		)	3,297,825
Gross profit percentage	54.9		%	63.6		%	65.4		%	55.8		%	88.7		%	—			61.2		%
Research and development										377,493			205,507			92,564			675,564
Selling, general and administrative										1,102,494			460,232			151,228			1,713,954
Restructuring and acquisition-related charges										—			—			147,724			147,724
Total costs and expenses										1,479,987			665,739			391,516			2,537,242
Operating income										864,249			387,792			(491,458		)	760,583
Other income (expense), net										(59,919		)	3,683			(13,333		)	(69,569		)
Income before provision for income taxes										804,330			391,475			(504,791		)	691,014
Income tax provision										195,695			80,170			(199,805		)	76,060
Net income										608,635			311,305			(304,986		)	614,954
Net income attributable to the non-controlling interest in VMware, Inc.										—			(62,349		)	27,445			(34,904		)
Net income attributable to EMC Corporation										$	608,635		$	248,956		$	(277,541	)	$	580,050

25

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
March 31, 2012
Revenues:
Product revenues	$	2,454,735		$	36,062		$	96,489		$	2,587,286		$	481,571		$	—		$	3,068,857
Services revenues	1,234,172			109,491			110,028			1,453,691			571,830			—			2,025,521
Total consolidated revenues	3,688,907			145,553			206,517			4,040,977			1,053,401			—			5,094,378
Cost of sales	1,629,038			55,932			73,155			1,758,125			128,185			94,851			1,981,161
Gross profit	$	2,059,869		$	89,621		$	133,362		2,282,852			925,216			(94,851		)	3,113,217
Gross profit percentage	55.8		%	61.6		%	64.6		%	56.5		%	87.8		%	—			61.1		%
Research and development										338,216			178,665			70,936			587,817
Selling, general and administrative										1,094,012			404,593			151,592			1,650,197
Restructuring and acquisition-related charges										—			—			25,893			25,893
Total costs and expenses										1,432,228			583,258			248,421			2,263,907
Operating income										850,624			341,958			(343,272		)	849,310
Other income (expense), net										(28,502		)	7,301			(11,220		)	(32,421		)
Income before provision for income taxes										822,122			349,259			(354,492		)	816,889
Income tax provision										220,453			62,969			(92,512		)	190,910
Net income										601,669			286,290			(261,980		)	625,979
Net income attributable to the non-controlling interest in VMware, Inc.										—			(58,588		)	19,451			(39,137		)
Net income attributable to EMC Corporation										$	601,669		$	227,702		$	(242,529	)	$	586,842

Our revenues are attributed to the geographic areas according to the location of the customers. Revenues by geographic area are included in the following table (table in thousands):

	For the Three Months Ended
	March 31, 2013		March 31, 2012
United States	$	2,831,763	$	2,633,394
Europe, Middle East and Africa	1,477,253		1,464,292
Asia Pacific and Japan	737,996		711,693
Latin America, Mexico and Canada	340,371		284,999
Total	$	5,387,383	$	5,094,378

No country other than the United States accounted for 10% or more of revenues during the three months ended March 31, 2013 or 2012.

Long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets, in the United States were $4,067.1 million at March 31, 2013 and $3,993.6 million at December 31, 2012. Internationally, long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets, were $706.4 million at March 31, 2013 and $697.9 million at December 31, 2012. No country other than the United States accounted for 10% or more of total long-lived assets, excluding financial instruments and deferred tax assets, at March 31, 2013 or December 31, 2012.

26

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

16. Subsequent Events

On April 1, 2013, EMC and VMware formed GoPivotal, Inc. (“Pivotal”) to focus on Big Data Analytics and Cloud Applications Platforms. Pursuant to a series of agreements, EMC contributed substantially all net assets and liabilities, including intellectual property and employees, related to its Greenplum and Pivotal Labs businesses. VMware contributed substantially all assets and liabilities, including intellectual property and employees, related to certain of its Cloud Application Platform products and services, including Cloud Foundry, VMware vFabric (including Spring and GemFire), and Cetas organizations. On April 24, 2013, we announced that General Electric Company (GE) intends to make a strategic investment of approximately $105.0 million, representing 10% of Pivotal's outstanding equity. After GE's investment, EMC will have a 62% interest, VMware will have a 28% interest and EMC consolidated will have an 84% interest in Pivotal's outstanding equity, after considering the non-controlling interest. Beginning in the second quarter of 2013, EMC will consolidate the results of Pivotal in EMC's consolidated financial statements and Pivotal will be a separate reportable segment.

27

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Management’s Discussion and Analysis (“MD&A”) of Financial Condition and Results of Operations should be read in conjunction with our consolidated financial statements and notes thereto which appear elsewhere in this Quarterly Report on Form 10-Q. The following discussion contains forward-looking statements and should also be read in conjunction with the risk factors set forth in Item 1A of Part II. The forward-looking statements do not include the potential impact of any mergers, acquisitions, divestitures, securities offerings or business combinations that may be announced or closed after the date hereof.

All dollar amounts expressed numerically in this MD&A are in millions.

Certain tables may not add up due to rounding.

INTRODUCTION

In the first quarter ended March 31, 2013, we continued to manage our business in two broad categories: EMC Information Infrastructure and VMware Virtual Infrastructure.

EMC Information Infrastructure

Our EMC Information Infrastructure business consists of three segments: Information Storage, Information Intelligence and RSA Information Security. The objective for our EMC Information Infrastructure business is to simultaneously increase our market share, invest in the business and grow our earnings per share at a rate faster than the rate at which we grow our revenue. In the first quarter ended March 31, 2013, we continued to innovate and invest in expanding our total addressable market through internal research and development (“R&D”). Our investment in new technologies and solutions is reflected in our roadmap for the remainder of 2013, particularly in the second half, with numerous innovations, refreshes and brand-new products as well as business acquisitions. We have developed a product portfolio with customers' current and future needs in mind which will continue to evolve as the largest transformation in Information Technology (“IT”) history is creating enormous opportunities in Cloud Computing, Big Data and Trust.

Cloud Computing leverages an on-demand, self-managed, virtualized infrastructure to deliver IT as a Service in a more efficient, flexible and cost-effective manner. With the rise of trends towards mobile, social, and Big Data, customers are finding greater efficiency through the available choice from cloud infrastructures where the private, public or hybrid cloud turns IT into a service that can be utilized on-demand. Accordingly, customers are increasingly recognizing that their ability to compete is tied to the efficiency, flexibility and agility of their IT operations and that transitioning to a cloud-based architecture will be a key component to their success. We believe our offerings are well-suited to capitalize on this trend as it unfolds over the next several years.

Big Data, which is a primary contributor to the pace of overall data growth, refers to the large repositories of corporate and external data, including unstructured information created by new applications (e.g. medical, entertainment, energy and geophysical), social media and other web repositories. It is triggering new approaches for our customers to derive business insight and create new opportunities to expand revenues. On April 1, 2013, we officially formed GoPivotal, Inc. (“Pivotal”) with VMware, which will focus on building a platform that will accommodate Cloud Computing and Big and Fast Data Application Platforms, which are the requirements for the next generation of IT, which involves millions of applications and billions of users.

The successful transition to a model that leverages Cloud Computing and Big Data is dependent upon both the right infrastructure and the ability to build Trust into that infrastructure. Businesses require IT resources that can scale on demand, handle a variety of workloads and be trusted at all times. Accordingly, the ability for customers to have and offer Trusted IT is a valuable competitive advantage.

We believe we are well-positioned in this market to continue assisting our customers in storing, managing and unlocking the value contained within their information and to enable them to leverage our data-centric approach to security to take full advantage of Cloud Computing and Big Data.

Our go to market model, where we continue to leverage our direct sales force and services organization, as well as our channel and services partners and service providers, positions us well to help customers transition to Cloud Computing and benefit from Big Data. We offer three alternatives to help our customers transition to cloud architectures and leverage Big Data: our best of breed infrastructure components, proven infrastructure through VSPEX and converged infrastructure with Vblock from VCE Company LLC, our joint venture with Cisco, and other investors VMware and Intel. Our service provider program continues to be an important part of our strategy to get our customers to the public cloud.

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VMware Virtual Infrastructure

VMware’s financial focus is on long-term revenue growth to generate free cash flow to fund its expansion of industry segment share and evolve its virtualization-based products for data centers, end-user devices and Cloud Computing through a combination of internal development and acquisitions. VMware expects to grow its business by building long-term relationships with its customers through the adoption of enterprise license agreements (“ELAs”). Additionally, VMware has made, and expects to continue to consider strategic business acquisitions in the future.

In January 2013, VMware announced a realignment of its strategy to refocus its resources and investments in support of three growth priorities that focus on its core opportunities as a provider of virtualization technologies that simplify IT infrastructure: the software-defined data center, the hybrid cloud and end-user computing. The software-defined data center ("SDDC") is where increasingly infrastructure is virtualized and delivered as a service, and the control of this data center is entirely automated by software. For the SDDC, VMware plans to continue to invest in the development and delivery of innovations in networking, security, storage and management as they continue to roll out and enhance the features of their vCloud Suite. For the hybrid cloud, VMware plans to focus on expanding their capabilities to deliver enterprise-class cloud services that are complementary to private clouds in order to enhance their customer's flexibility to run applications on and off premise, as they choose on a compatible, high-quality, secure and resilient hybrid cloud platform. For end-user computing, they plan to enhance their offerings to enable a virtual workspace for both existing PC environments and emerging mobile devices in a secure enterprise environment.

On a consolidated basis, our vision, strategy and roadmap as well as our continued steady execution positions us to continue to capitalize on the evolving trends of Cloud Computing, Big Data and Trust in 2013. As a result, we believe we will grow faster than the markets we serve in 2013, particularly in the second half of the year, while simultaneously investing in the business and growing earnings per share at a rate faster than the rate at which we will grow our revenue.

RESULTS OF OPERATIONS

Revenues

The following table presents total revenue by our segments:

	For the Three Months Ended
	March 31, 2013		March 31, 2012		$ Change		% Change
Information Storage	$	3,811.1	$	3,688.9	$	122.2	3.3	%
Information Intelligence Group	155.9		145.6		10.3		7.1
RSA Information Security	232.3		206.5		25.8		12.5
VMware Virtual Infrastructure	1,188.1		1,053.4		134.7		12.8
Total revenues	$	5,387.4	$	5,094.4	$	293.0	5.8	%

Consolidated product revenues increased1.4% to $3,111.9 for the three months ended March 31, 2013. The growth was driven by the continued demand for our portfolio of offerings to address the storage, data analysis and virtualization needs for continued information growth, particularly as customers continue to build out their own data centers to develop and support their private or public cloud infrastructures and analyze and protect the data within their data centers. However, the increase, when compared to the comparative increase in the first three months ended March 31, 2012, was lower due to customer caution regarding purchasing as a result of the uncertain economic and political environment across the U.S. and internationally.

The Information Storage segment’s product revenues increased1.1% to $2,481.0 for the three months ended March 31, 2013. Revenue from the High-end Storage business, which primarily includes revenues from EMC Symmetrix, increased 10% for the three months ended March 31, 2013, due to continued demand from customers for storage solutions with high performance, consolidation, and automation in demanding virtual data center environments, many of which are evolving into private clouds or are powering public clouds. Revenue from the Unified and Backup Recovery business declined slightly due to the challenging market environment for our Unified products which were negatively impacted by the sales of our VMAX 10-K high-end product and ongoing macro-environmental challenges internationally. Our Data Domain and Avamar purpose-built backup appliance businesses continued to grow and increase market share. Revenue from the Emerging Storage business, which primarily includes product and maintenance revenues from EMC Isilon, EMC Atmos, EMC VPLEX, EMC RecoverPoint, ASD Suites and EMC vFlash and EMC XtremIO families, increased 24% for the three months ended March 31, 2013. The scale-out file offering from EMC Isilon continues to deliver strong revenue growth in its traditional areas of strength and as it expands its presence in enterprise

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environments. The EMC Atmos object-storage solution exhibited strong growth. Our Big Data analytics business, Greenplum, which was contributed to Pivotal on April 1, 2013, also had strong year-over-year growth.

The VMware Virtual Infrastructure segment’s product revenues increased1.2% to $487.6 for the three months ended March 31, 2013. VMware’s license revenues increased primarily due to demand for product offerings like the vCloud management and automation as customers' needs related to developing the software-defined data center, hybrid cloud, and end user computing continue. During the three months ended March 31, 2013 and 2012, ELAs comprised 29% and 22%, respectively, of total sales.

The RSA Information Security segment’s product revenues increased3.4% to $99.7 for the three months ended March 31, 2013. The increase in product revenues during the three month period was primarily attributable to increased demand for our Security Management and Compliance and Identity and Data Protection products.

The Information Intelligence Group segment’s product revenues increased20.9% to $43.6 for the three months ended March 31, 2013. The increase in product revenues was largely due to more modular, vertical-specific solutions for workflow processing which has resonated with customers.

Consolidated services revenues increased12.3% to $2,275.4 for the three months ended March 31, 2013. The consolidated services revenues increase was primarily driven by the Information Storage and VMware Virtual Infrastructure segments’ services revenues resulting from increased demand for maintenance-related services. In addition, we continue to provide expertise to customers on effective ways to enable Cloud Computing and to leverage their Big Data assets.

The Information Storage segment’s services revenues increased7.8% to $1,330.1 for the three months ended March 31, 2013. The increase in services revenues was primarily attributable to higher demand for maintenance-related services associated with a larger installed base as well as increased maintenance renewals. In addition, a growing demand for professional services as we assist with customers’ transitions to cloud architectures, transforming IT infrastructures and virtualizing mission-critical applications also contributed to the increase in services revenues.

The VMware Virtual Infrastructure segment’s services revenues increased22.5% to $700.5 for the three months ended March 31, 2013. The increase in services revenues was primarily attributable to growth in VMware’s software maintenance revenues which benefited from strong renewals, multi-year software maintenance contracts sold in previous periods and additional maintenance contracts sold in conjunction with new software license sales. Additionally, VMware experienced increased demand in their professional services, driven by the growth in their license sales and installed base.

The RSA Information Security segment’s services revenues increased20.5% to $132.6 for the three months ended March 31, 2013. Services revenues increased due to an increase in maintenance revenues and professional services resulting from continued demand for support from our installed base. The Information Intelligence Group segment’s services revenues increased2.6% to $112.3 for the three months ended March 31, 2013.

Consolidated revenues by geography were as follows:

	For the Three Months Ended
	March 31, 2013		March 31, 2012		% Change
United States	$	2,831.8	$	2,633.4	7.5	%
Europe, Middle East and Africa	1,477.3		1,464.3		0.9
Asia Pacific and Japan	738.0		711.7		3.7
Latin America, Mexico and Canada	340.4		285.0		19.4
Total revenues	$	5,387.4	$	5,094.4	5.8	%

Revenues increased for the three months ended March 31, 2013 compared to the same period in 2012 in all of our geographic markets.

Changes in exchange rates negatively impacted revenue growth by 0.5% for the three months ended March 31, 2013. The impact of the change in rates was most significant in Japan and Brazil.

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Costs and Expenses

The following table presents our costs and expenses, other income and net income attributable to EMC Corporation:

	For the Three Months Ended
	March 31, 2013			March 31, 2012			$ Change			% Change
Cost of revenue:
Information Storage	$	1,718.0		$	1,629.0		$	89.0		5.5	%
Information Intelligence Group	56.7			55.9			0.8			1.4
RSA Information Security	80.4			73.2			7.2			9.8
VMware Virtual Infrastructure	134.5			128.2			6.3			4.9
Corporate reconciling items	99.9			94.9			5.0			5.3
Total cost of revenue	2,089.6			1,981.2			108.4			5.5
Gross margins:
Information Storage	2,093.1			2,059.9			33.2			1.6
Information Intelligence Group	99.2			89.6			9.6			10.7
RSA Information Security	151.9			133.4			18.5			13.9
VMware Virtual Infrastructure	1,053.5			925.2			128.3			13.9
Corporate reconciling items	(99.9		)	(94.9		)	(5.0		)	5.3
Total gross margin	3,297.8			3,113.2			184.6			5.9
Operating expenses:
Research and development(1)	675.6			587.8			87.8			14.9
Selling, general and administrative(2)	1,714.0			1,650.2			63.8			3.9
Restructuring and acquisition-related charges	147.7			25.9			121.8			470.3
Total operating expenses	2,537.2			2,263.9			273.3			12.1
Operating income	760.6			849.3			(88.7		)	(10.4	)
Investment income, interest expense and other expenses, net	(69.6		)	(32.4		)	(37.2		)	114.8
Income before income taxes	691.0			816.9			(125.9		)	(15.4	)
Income tax provision	76.1			190.9			(114.8		)	(60.1	)
Net income	615.0			626.0			(11.0		)	(1.8	)
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(34.9		)	(39.1		)	4.2			(10.7	)
Net income attributable to EMC Corporation	$	580.1		$	586.8		$	(6.7	)	(1.1	)%

 ___________

(1) Amount includes corporate reconciling items of $92.6 and $70.9 for the three months ended March 31, 2013 and 2012, respectively.

(2) Amount includes corporate reconciling items of $151.2 and $151.6 for the three months ended March 31, 2013 and 2012, respectively.

Gross Margins

Overall our gross margin percentages were 61.2% and 61.1% for the three months ended March 31, 2013 and 2012, respectively. The slight increase in the gross margin percentage in the first quarter of 2013 compared to 2012 was attributable to the VMware Virtual Infrastructure segment, which increased overall gross margins by 88 basis points, the Information Intelligence Group segment, which increased overall gross margins by 6 basis points, the RSA Information Security segment, which increased overall gross margins by 5 basis points, and the Information Storage segment, which decreased overall gross margins by 79 basis points. The increase in corporate reconciling items, consisting of stock-based compensation, acquisition-related intangible asset amortization and amortization of VMware’s capitalized software from prior periods decreased the consolidated gross margin percentage by 10 basis points.

For segment reporting purposes, stock-based compensation, acquisition-related intangible asset amortization, amortization of VMware’s capitalized software from prior periods and transition costs are recognized as corporate expenses and are not allocated among our various operating segments. Transition costs represent the incremental costs incurred to streamline our current cost

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structure. The increase of $5.1 in the corporate reconciling items for the three months ended March 31, 2013 compared to the same period in 2012 was attributable to a $13.3increase in acquisition-related intangible asset amortization expense, partially offset by a $6.1decrease in amortization of VMware’s capitalized software from prior periods, $1.0decrease in stock-based compensation expense and a $1.1 decrease in transition costs.

The gross margin percentages for the Information Storage segment were 54.9% and 55.8% for the three months ended March 31, 2013 and 2012, respectively. The decrease in gross margin percentage for the three months ended March 31, 2013 compared to the same period in 2012 was attributable to reduced product gross margins, driven by an increase in fixed costs including items such as the amortization of capitalized software, manufacturing overhead and costs incurred to support products under warranty as well as increased variable costs which include material, manufacturing and shipping costs as a result of the back-end nature of the quarter. Somewhat offsetting these was a shift in mix towards higher margin products.

The gross margin percentages for the VMware Virtual Infrastructure segment were 88.7% and 87.8% for the three months ended March 31, 2013 and 2012, respectively. The increase in gross margin percentage for the three months ended March 31, 2013 compared to the same period in 2012 was primarily attributable to improvements in services margins due to growth in maintenance revenue.

The gross margin percentages for the RSA Information Security segment were 65.4% and 64.6% for the three months ended March 31, 2013 and 2012, respectively. The increase in gross margin percentage for the three months ended March 31, 2013 compared to the same period in 2012 was due to an increase in product margins resulting from an increase in sales of higher margin products as well as an increase in services margins.

The gross margin percentages for the Information Intelligence Group segment were 63.6% and 61.6% for three months ended March 31, 2013 and 2012, respectively. The increase in gross margin percentage for the three months ended March 31, 2013 compared to the same period in 2012 was attributable to an increase in sales of higher margin products as well as an increase in services margins.

Research and Development

As a percentage of revenues, R&D expenses were 12.5% and 11.5% for the three months ended March 31, 2013 and 2012, respectively. R&D expenses increased$87.7 for the three months ended March 31, 2013 compared to the same period in 2012 primarily due to an increase in personnel-related costs, which are expenses driven by incremental headcount from strategic hiring and business acquisitions, infrastructure costs and depreciation expense. Personnel-related costs increased by $75.1, infrastructure costs increased by $7.7 and depreciation expense increased by $6.8 for the three months ended March 31, 2013 when compared to the same period in 2012.

Corporate reconciling items within R&D, which consist of stock-based compensation, intangible asset amortization and transition costs increased$21.6 for the three months ended March 31, 2013 when compared to the same period in 2012. Stock-based compensation expense increased$22.7, partially offset by a decrease in intangible asset amortization of $0.3 and a decrease in transition costs of $0.8 for the three months ended March 31, 2013.

R&D expenses within EMC’s Information Infrastructure business, as a percentage of EMC’s Information Infrastructure business revenues, were 9.0% and 8.4% for the three months ended March 31, 2013 and 2012, respectively. R&D expenses increased$39.3 for the three months ended March 31, 2013 primarily due to increases in personnel-related costs, which are expenses driven by incremental headcount from strategic hiring and business acquisitions, depreciation expense and infrastructure costs. Personnel-related costs increased by $29.2, depreciation expense increased by $5.7 and infrastructure costs increased by $5.1 for the three months ended March 31, 2013.

R&D expenses within the VMware Virtual Infrastructure business, as a percentage of VMware’s revenues, were 17.3% and 17.0% for the three months ended March 31, 2013 and 2012, respectively. R&D expenses increased$26.8 for the three months ended March 31, 2013 compared to the same period in 2012 largely due to increases in personnel-related costs of $23.2 driven by incremental headcount from strategic hiring as well as increases in infrastructure costs of $2.5.

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Selling, General and Administrative

As a percentage of revenues, selling, general and administrative (“SG&A”) expenses were 31.8% and 32.4% for the three months ended March 31, 2013 and 2012, respectively. SG&A expenses increased by $63.8 for the three months ended March 31, 2013 compared to the same period in 2012 primarily due to increases in personnel-related costs, which are expenses driven by incremental headcount from strategic hiring and business acquisitions including variable compensation bonuses and commissions, travel costs and depreciation expense. Personnel-related costs increased by $51.0, travel costs increased by $5.6 and depreciation expense increased by $3.5 for the three months ended March 31, 2013.

Corporate reconciling items within SG&A, which consist of stock-based compensation, intangible asset amortization and transition costs decreased$0.4 for the three months ended March 31, 2013 when compared to the same period in 2012. Stock-based compensation expense increased$7.9, intangible asset amortization decreased$1.6 and transition costs decreased$6.6 for the three months ended March 31, 2013. The increase in stock-based compensation expense was primarily due to strategic hiring and business acquisitions.

SG&A expenses within EMC’s Information Infrastructure business, as a percentage of EMC’s Information Infrastructure business revenues, were 26.3% and 27.1% for the three months ended March 31, 2013 and 2012, respectively. SG&A expenses increased$8.5 for the three months ended March 31, 2013 when compared to the same period in 2012 primarily due to increases in personnel-related costs and business development costs, which are expenses driven by incremental headcount from strategic hiring and business acquisitions and depreciation expense. Personnel-related costs increased by $3.1, business development costs increased by $3.3 and depreciation expense increased by $3.9 for the three months ended March 31, 2013.

SG&A expenses within the VMware Virtual Infrastructure business, as a percentage of VMware’s revenues, were 38.7% and 38.4% for the three months ended March 31, 2013 and 2012, respectively. SG&A expenses increased $55.6 for the three months ended March 31, 2013 when compared to the same period in 2012 primarily due to growth in personnel-related expenses driven by incremental headcount as well as by higher commissions.

Restructuring and Acquisition-Related Charges

In the first quarter of 2013, EMC implemented restructuring programs to create further operational efficiencies which will result in a workforce reduction of 1,004 positions. The actions will impact positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments, and is expected to result in a total charge of approximately $80.0, with total cash payments associated with the plan expected to be approximately $73.0. All of these actions are expected to be completed within a year of the start of each program.

In the first quarter of 2013, VMware implemented a plan to streamline its operations in order to focus its business on strategic areas it has determined to be most compelling. The plan includes the elimination of approximately 800 positions across all major functional groups and geographies, and is expected to result in a charge in the range of $60.0 to $65.0. Additionally, VMware exited and is planning to exit certain lines of business and consolidate facilities, which is expected to result in a total charge, including asset impairments, in the range of $15.0 to $25.0. All of these actions are expected to be completed by the end of 2013. The total cash expenditures associated with the plan are expected to be in the range of $60.0 to $75.0. The associated cash payments are expected to be paid out primarily through the end of 2013.

During 2012, we implemented separate restructuring programs to create further operational efficiencies which resulted in a workforce reduction of 1,163 positions, of which 298 positions were identified in the three months ended March 31, 2012. The actions impacted positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments. All of these actions are expected to be completed by the end of 2013.

Investment Income

Investment income was $33.1 and $29.5 for the three months ended March 31, 2013 and 2012, respectively. Investment income increased for the three months ended March 31, 2013 when compared to the same period in 2012 primarily due to an increase in net realized gains. For the three months ended March 31, 2013, interest income was $26.0 and net realized gains were $5.9. Additionally, interest income was $26.0 and net realized gains were $2.6 for the three months ended March 31, 2012.

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Interest Expense

Interest expense was $20.9 and $18.2 for the three months ended March 31, 2013 and 2012, respectively. Interest expense consists primarily of interest on the 2011 Notes and 2013 Notes. Included in interest expense are non-cash interest charges related to amortization of the debt discount attributable to the conversion feature of $15.6 and $14.7 for the three months ended March 31, 2013 and 2012, respectively, as we are accreting the 2011 Notes and 2013 Notes to their stated values over their term. See Note 4 to the consolidated financial statements.

Other Income (Expense), Net

Other income (expense), net was $(81.9) and $(43.7) for the three months ended March 31, 2013 and 2012, respectively. Other income (expense), net primarily consists of our consolidated share of the losses from our converged infrastructure joint venture, VCE Company LLC, of $(68.7) and $(55.5) for the three months ended March 31, 2013 and 2012, respectively, and foreign currency exchange losses. In addition, in the three months ended March 31, 2012, these expenses were partially offset by our net gains from the sale of strategic investments of $22.0.

The VCE joint venture is accounted for under the equity method and our consolidated share of VCE's losses is based upon our portion of the overall funding, which was approximately 63.2% at March 31, 2013, and represents our share of the net losses of the joint venture net of equity accounting adjustments. The losses recognized from the joint venture exclude our consolidated revenues and gross margins from sales of products and services to VCE, and any additional related selling expenses.  See Note 9 to the consolidated financial statements.

Provision for Income Taxes

Our effective income tax rates were 11.0% and 23.4% for the three months ended March 31, 2013 and 2012, respectively. Our effective income tax rate is based upon estimated income before provision for income taxes for the year, composition of the income in different countries, and adjustments, if any, in the applicable quarterly periods for potential tax consequences, benefits and/or resolutions of tax audits or other tax contingencies. For the three months ended March 31, 2013, the effective income tax rate varied from the statutory income tax rate principally as a result of the mix of income attributable to foreign versus domestic jurisdictions and the federal tax credit for increasing research activities. Our aggregate income tax rate in foreign jurisdictions is lower than our income tax rate in the United States; substantially all of our income before the provision for income taxes from foreign operations has been earned by our Irish subsidiaries. We do not believe that any recent or currently expected developments in non-U.S. tax jurisdictions are reasonably likely to have a material impact on our effective income rate. On January 2, 2013, the American Taxpayer Relief Act of 2012 was signed into law. Some of the provisions were retroactive to January 1, 2012 including an extension of the U.S. federal tax credit for increasing research activities through December 31, 2013. Because the extension was enacted after December 31, 2012, our income tax provision for the three months ended March 31, 2013 included the estimated federal tax credit for increasing research activities for the full year 2012 as well as the three months ended March 31, 2013, which reduced our effective tax rate for the quarter. For the three months ended March 31, 2012, the effective income tax rate varied from the statutory income tax rate principally as a result of the mix of income attributable to foreign versus domestic jurisdictions.

Our effective income tax rate decreased in the three months ended March 31, 2013 from the three months ended March 31, 2012 due primarily to the retroactive renewal of the U.S. federal tax credit for increasing research activities which reduced our effective income tax rate by approximately 10.9% for the three months ended March 31, 2013. There were also differences in the mix of income attributable to foreign versus domestic jurisdictions, change in tax contingency reserves and discrete items, the net impact of which is immaterial.

We are routinely under audit by the Internal Revenue Service (the “IRS”). We have concluded all U.S. federal income tax matters for years through 2008. The IRS commenced a federal income tax audit for the tax years 2009 and 2010 in the third quarter of 2012. The current federal income tax audit is in the early stage for information gathering and it is not expected to be completed until 2015. We also have income tax audits in process in numerous state, local and international jurisdictions. In our international jurisdictions that comprise a significant portion of our operations, the years that may be examined vary, with the earliest year being 2003. Based on the timing and outcome of examinations of EMC, the result of the expiration of statutes of limitations for specific jurisdictions or the timing and result of ruling requests from taxing authorities, it is reasonably possible that the related unrecognized tax benefits could change from those recorded in our statement of financial position. We anticipate that several of these audits may be finalized within the next 12 months. While we expect the amount of unrecognized tax benefits to change in the next twelve months, we do not expect the change to have a significant impact on our results of operations or financial position.

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Our effective income tax rate for the remainder of 2013 may be affected by such factors as changes in tax laws, regulations or income tax rates, changing interpretation of existing laws or regulations, the impact of accounting for stock-based compensation, the impact of accounting for business combinations, changes in our international organization, and changes in overall levels of income before provision for income taxes. Our effective income tax rate may also be adversely affected by earnings being lower than anticipated in countries where we have lower statutory income tax rates and higher than anticipated in countries where we have higher statutory income tax rates.

Non-controlling Interest in VMware, Inc.

The net income attributable to the non-controlling interest in VMware was $34.9 and $39.1 for the three months ended March 31, 2013 and 2012, respectively. The decrease in the three months ended March 31, 2013 compared to the same period in 2012 was due to decreases in VMware’s net income. VMware’s net income was $173.6 and $191.4 for the three months ended March 31, 2013 and 2012, respectively. The weighted average non-controlling interest in VMware was approximately 20% for both the three months ended March 31, 2013 and 2012. In the first quarter of 2010, we announced a stock purchase program of VMware’s Class A common stock to maintain an approximately 80% majority ownership in VMware over the long term. During the three months ended March 31, 2013, EMC purchased approximately 1.5 million VMware shares for approximately $124.6.

Financial Condition

Cash provided by operating activities was $1,712.8 and $1,688.2 for the three months ended March 31, 2013 and 2012, respectively. Cash received from customers was $6,615.8 and $6,023.6 for the three months ended March 31, 2013 and 2012, respectively. The increase in cash received from customers was attributable to an increase in sales volume and strong customer collections. Cash paid to suppliers and employees was $4,404.8 and $4,114.8 for the three months ended March 31, 2013 and 2012, respectively. The increase was primarily attributable to a general growth in the business to support the increased revenue base. For the three months ended March 31, 2013 and 2012, we paid $536.1 and $237.7, respectively, in income taxes. These payments are comprised of estimated taxes for the current year, extension payments for the prior year and refunds or payments associated with income tax filings and tax audits. The higher payments in the three months ended March 31, 2013 compared to the three months ended March 31, 2012 were primarily driven by higher pretax income and lower stock-based compensation and tax depreciation deductions in 2012 compared to 2011.

Cash used in investing activities was $602.8 and $220.9 for the three months ended March 31, 2013 and 2012, respectively. Cash used for business acquisitions, strategic and other investments was $219.2 and $106.0 for the three months ended March 31, 2013 and 2012, respectively. The increase was primarily due to $184.5 spent on the acquisition by VMware in the three months ended March 31, 2013, compared to $102.1 spent on acquisitions by EMC during the three months ended March 31, 2012. In the three months ended March 31, 2013, we also provided funding of $94.7 to our joint venture, VCE. We did not provide funding to VCE during the three months ended March 31, 2012. Capital additions were $165.4 and $153.6 for the three months ended March 31, 2013 and 2012, respectively. Capitalized software development costs were $105.8 for both the three months ended March 31, 2013 and 2012. Net purchases of investments were $(17.6) and $127.6 for the three months ended March 31, 2013 and 2012, respectively. This activity varies from period to period based upon our cash collections, cash requirements and maturity dates of our investments.

Cash used in financing activities was $492.3 and $1,340.2 for the three months ended March 31, 2013 and 2012, respectively. We spent $323.5 to repurchase 12.6 million shares of our common stock for the three months ended March 31, 2013. We did not repurchase any of our common stock during the comparable period in 2012. We also spent $124.6 and $40.0 to purchase 1.5 million and 0.5 million shares of VMware’s common stock in the three months ended March 31, 2013 and 2012, respectively. Additionally, in the three months ended March 31, 2013, VMware spent $182.0 to repurchase 2.4 million shares of its common stock. VMware did not repurchase any of its common stock during the comparable period in 2012. We generated $110.3 and $291.2 during the three months ended March 31, 2013 and 2012, respectively, from the issuance of common stock. We generated $33.0 and $106.0 during the three months ended March 31, 2013 and 2012, respectively, of excess tax benefits from stock-based compensation.

We expect to continue to generate positive cash flows from operations for the remainder of 2013 and to use cash generated by operations as our primary source of liquidity. We believe that existing cash and cash equivalents, together with any cash generated from operations, will be sufficient to meet normal operating requirements for the next twelve months.

The 2011 Notes matured and a majority of the noteholders exercised their right to convert the outstanding 2011 Notes at the end of 2011. Pursuant to the settlement terms, the majority of the converted 2011 Notes were not settled until January 9, 2012. At

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MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (Continued)

that time, we paid the noteholders $1,699.8 in cash for the outstanding principal and 29.5 million shares for the $661.4 excess of the conversion value over the principal amount, as prescribed by the terms of the 2011 Notes.

The remaining $1,695.0 of the 2013 Notes is due in November 2013. Based upon the closing price of our common stock for the prescribed measurement period during the three months ended March 31, 2013, the contingent conversion thresholds on the 2013 Notes were exceeded. As a result, the 2013 Notes are convertible at the option of the holder through June 30, 2013. Upon conversion, we are obligated to pay cash up to the principal amount of the debt converted. We have the option to settle any conversion value in excess of the principal amount with cash, shares of our common stock, or a combination thereof. Approximately $30.0 of the 2013 Notes have been converted as of March 31, 2013.

In connection with the issuance of the 2011 Notes and 2013 Notes, we entered into separate convertible note hedge transactions with respect to our common stock (the “Purchased Options”). The Purchased Options allow us to receive shares of our common stock and/or cash related to the excess conversion value that we would pay to the holders of the 2011 Notes and 2013 Notes upon conversion. The Purchased Options will cover, subject to customary anti-dilution adjustments, approximately 215 million shares of our common stock. We paid an aggregate amount of $669.1 of the proceeds from the sale of the 2011 Notes and 2013 Notes for the Purchased Options that was recorded as additional paid-in-capital in shareholders’ equity. In the fourth quarter of 2011, we exercised 107.5 million of the Purchased Options in conjunction with the planned settlements of the 2011 Notes, and we received 29.5 million shares of net settlement on January 9, 2012, representing the excess conversion value of the options. The remaining 107.5 million of the Purchased Options expire on December 1, 2013.

We also entered into separate transactions in which we sold warrants to acquire, subject to customary anti-dilution adjustments, approximately 215 million shares of our common stock at an exercise price of approximately $19.55 per share of our common stock. We received aggregate proceeds of $391.1 from the sale of the associated warrants. Upon exercise, the value of the warrants is required to be settled in shares. Half of the associated warrants were exercised between February 15, 2012 and March 14, 2012 and the remaining half of the associated warrants have expiration dates between February 18, 2014 and March 18, 2014. During the first quarter of 2012, the exercised warrants were settled with 32.3 million shares of our common stock.

We have available for use a credit line of $50.0 in the United States. As of March 31, 2013, we had no borrowings outstanding on the line of credit. The credit line bears interest at the bank’s base rate and requires us, upon utilization of the credit line, to meet certain financial covenants with respect to limitations on losses. In the event the covenants are not met, the lender may require us to provide collateral to secure the outstanding balance. At March 31, 2013, we were in compliance with the covenants. As of March 31, 2013, the aggregate amount of liabilities of our subsidiaries was approximately $7,974.0.

At March 31, 2013, our total cash, cash equivalents, and short-term and long-term investments were $12,008.1. This balance includes approximately $4,936.7 held by VMware, of which $3,385.9 is held overseas, and $2,721.9 held by EMC in overseas entities. If these overseas funds are needed for our operations in the U.S., we would be required to accrue and pay U.S. taxes to repatriate these funds. However, our intent is to permanently reinvest these funds outside of the U.S. and our current plans do not demonstrate a need to repatriate them to fund our U.S. operations.

Use of Non-GAAP Financial Measures and Reconciliations to GAAP Results

The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). EMC used certain non-GAAP financial measures in the three months ended March 31, 2013 which exclude stock-based compensation, amortization of intangible assets, restructuring and acquisition-related charges, amortization of VMware’s capitalized software from prior periods, and the benefit of the U.S. research and development ("R&D") tax credit for 2012 to measure its gross margin, operating margin, non-operating income (expense), net income and diluted earnings per share for purposes of managing our business. EMC also assesses its financial performance by measuring its free cash flow which is also a non-GAAP financial measure. Free cash flow is defined as net cash provided by operating activities, less additions to capital expenditures and capitalized software development costs. These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of EMC’s financial performance or liquidity prepared in accordance with GAAP. EMC’s non-GAAP financial measures may be defined differently from time to time and may be defined differently than similar terms used by other companies, and accordingly, care should be exercised in understanding how EMC defines its non-GAAP financial measures.

EMC’s management uses the non-GAAP financial measures to gain an understanding of EMC’s comparative operating performance (when comparing such results with previous periods or forecasts) and future prospects and excludes these items from its internal financial statements for purposes of its internal budgets and each reporting segment’s financial goals. These non-GAAP financial measures are used by EMC’s management in their financial and operating decision-making because management believes they reflect EMC’s ongoing business in a manner that allows meaningful period-to-period comparisons. EMC’s management

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MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (Continued)

believes that these non-GAAP financial measures provide useful information to investors and others (a) in understanding and evaluating EMC’s current operating performance and future prospects in the same manner as management does, if they so choose, and (b) in comparing in a consistent manner EMC’s current financial results with EMC’s past financial results.

Our non-GAAP operating results for the three months ended March 31, 2013 and 2012 were as follows:

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Gross margin	$	3,397.8		$	3,207.0
Gross margin percentage	63.1		%	63.0		%
Operating income	1,252.0			1,184.1
Operating income percentage	23.2		%	23.2		%
Income tax provision	270.9			276.8
Net income attributable to EMC	849.6			818.0
Diluted earnings per share attributable to EMC	$	0.39		$	0.37

The improvements in the non-GAAP gross margin and non-GAAP gross margin percentage were attributable to higher mix of VMware offsetting the decline in EMC Information Infrastructure gross margins. The improvement in the non-GAAP operating income was attributable to an improved gross margin, partially offset by an increase in operating expense in line with revenue growth. 

The reconciliation of the above financial measures from GAAP to non-GAAP is as follows:

	For the Three Months Ended March 31, 2013
	GAAP		Stock-based compensation		Intangible asset amortization		Restructuring and acquisition- related charges		Amortization of VMware's capitalized software from prior periods		R&D Tax Credit			Non-GAAP
Gross margin	$	3,297.8	$	29.8	$	57.6	$	—	$	12.5	$	—		$	3,397.8
Operating income	760.6		234.3		96.9		147.7		12.5		—			1,252.0
Income tax provision	76.1		58.7		30.7		34.8		4.1		66.5			270.9
Net income attributable to EMC	580.1		157.4		62.0		103.5		6.8		(60.1		)	849.6
Diluted earnings per share attributable to EMC	$	0.26	$	0.07	$	0.03	$	0.05	$	—	$	(0.03	)	$	0.39

	For the Three Months Ended March 31, 2012
	GAAP		Stock-based compensation		Intangible asset amortization		Restructuring and acquisition- related charges		Amortization of VMware's capitalized software from prior periods		Non-GAAP
Gross margin	$	3,113.2	$	30.8	$	44.4	$	—	$	18.6	$	3,207.0
Operating income	849.3		204.7		85.6		25.9		18.6		1,184.1
Income tax provision	190.9		47.6		26.4		6.1		5.9		276.8
Net income attributable to EMC	586.8		144.7		56.5		19.8		10.1		818.0
Diluted earnings per share attributable to EMC	$	0.27	$	0.07	$	0.03	$	0.01	$	0.01	$	0.37

We also monitor our ability to generate free cash flow in relationship to our non-GAAP net income attributable to EMC over comparable periods. For the three months ended March 31, 2013, our free cash flow was $1,441.6, an increase of 0.9% compared to the free cash flow generated for the three months ended March 31, 2012. The free cash flow for the three months ended March 31, 2013 exceeded our same period non-GAAP net income attributable to EMC by $592.0. EMC uses free cash flow, among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than capital expenditures and capitalized software development costs. Management believes that information regarding free cash flow provides investors

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MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (Continued)

with an important perspective on the cash available to make strategic acquisitions and investments, repurchase shares, service debt and fund ongoing operations. As free cash flow is not a measure of liquidity calculated in accordance with GAAP, free cash flow should be considered in addition to, but not as a substitute for, the analysis provided in the statements of cash flows.

The reconciliation of the above free cash flow from GAAP to non-GAAP is as follows:

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Cash Flow from Operations	$	1,712.8		$	1,688.2
Capital Expenditures	(165.4		)	(153.6		)
Capitalized Software Development Costs	(105.8		)	(105.8		)
Free Cash Flow	$	1,441.6		$	1,428.7

Free cash flow represents a non-GAAP measure related to operating cash flows. In contrast, our GAAP measure of cash flow consists of three components. These are cash flows provided by operating activities of $1,712.8 and $1,688.2 for the three months ended March 31, 2013 and 2012, respectively, cash used in investing activities of $602.8 and $220.9 for the three months ended March 31, 2013 and 2012, respectively, and net cash used in financing activities of $492.3 and $1,340.2 for the three months ended March 31, 2013 and 2012, respectively.

All of the foregoing non-GAAP financial measures have limitations. Specifically, the non-GAAP financial measures that exclude the items noted above do not include all items of income and expense that affect EMC’s operations or cash flows. Further, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and do not reflect any benefit that such items may confer on EMC. Management compensates for these limitations by also considering EMC’s financial results as determined in accordance with GAAP.

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Item 3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

For quantitative and qualitative disclosures about market risk affecting us, see Item 7A “Quantitative and Qualitative Disclosures About Market Risk” in our Annual Report on Form 10-K filed with the SEC on February 27, 2013. Our exposure to market risks has not changed materially from that set forth in our Annual Report.

Item 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures. Our management, with the participation of our principal executive officer and principal financial officer, has 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 (the “Exchange Act”)), as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on such evaluation, our principal executive officer and principal financial officer have concluded that as of such date, our disclosure controls and procedures were effective.

Changes in Internal Control Over Financial Reporting. There was no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the period covered by this Quarterly Report on Form 10-Q 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 involved in a variety of claims, demands, suits, investigations and proceedings that arise from time to time relating to matters incidental to the ordinary course of our business, including actions with respect to contracts, intellectual property, product liability, employment, benefits and securities matters. As required by authoritative guidance, we have estimated the amount of probable losses that may result from all currently pending matters, and such amounts are reflected in our consolidated financial statements. These recorded amounts are not material to our consolidated financial position or results of operations and no additional material losses related to these pending matters are reasonably possible. While it is not possible to predict the outcome of these matters with certainty, we do not expect the results of any of these actions to have a material adverse effect on our business, results of operations or financial condition. Because litigation is inherently unpredictable, however, the actual amounts of loss may prove to be larger or smaller than the amounts reflected in our consolidated financial statements, and we could incur judgments or enter into settlements of claims that could adversely affect our operating results or cash flows in a particular period.

Item 1A. RISK FACTORS

The risk factors that appear below could materially affect our business, financial condition and results of operations. This description includes any material changes to and supersedes the description of the risk factors associated with our business previously disclosed in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2012. The risks and uncertainties described below are not the only risks and uncertainties facing us. Our business is also subject to general risks and uncertainties that affect many other companies.

Our business could be materially adversely affected as a result of general economic and market conditions.

We are subject to the effects of general global economic and market conditions that are beyond our control. If these conditions remain challenging or deteriorate, our business, results of operations or financial condition could be materially adversely affected. Possible consequences from macroeconomic global challenges such as the debt crisis in certain countries in the European Union or slowing economies in parts of Asia, or the impact of continuing uncertainty associated with the budget “sequestration” in the United States government on our business, including insolvency of key suppliers resulting in product delays, inability of customers to obtain credit to finance purchases of our products, customer insolvencies, increased risk that customers may delay payments, fail to pay or default on credit extended to them, and counterparty failures negatively impacting our treasury operations, could have a material adverse effect on our results of operations or financial condition.

Our business could be materially adversely affected as a result of a lessening demand in the information technology market.

Our revenue and profitability depend on the overall demand for our products and services. Delays or reductions in IT spending could materially adversely affect demand for our products and services which could result in decreased revenues or earnings.

Our customers operate in a variety of sectors and across many geographies. Any adverse effects to such markets could materially adversely affect demand for our products and services which could result in decreased revenues or earnings.

Competitive pricing, sales volume, mix and component costs could materially adversely affect our revenues, gross margins and earnings.

Our gross margins are impacted by a variety of factors, including competitive pricing, component and product design costs as well as the volume and relative mixture of product and services revenues. Increased component costs, increased pricing pressures, the relative and varying rates of increases or decreases in component costs and product price, changes in product and services revenue mixture or decreased volume could have a material adverse effect on our revenues, gross margins or earnings.

The costs of third-party components comprise a significant portion of our product costs. While we generally have been able to manage our component and product design costs, we may have difficulty managing such costs if supplies of certain components become limited or component prices increase. Any such limitation could result in an increase in our component costs. An increase in component or design costs relative to our product prices could have a material adverse effect on our gross margins and earnings. Moreover, certain competitors may have advantages due to vertical integration of their supply chain, which may include disk drives, microprocessors, memory components and servers.

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The markets in which we do business are highly competitive, and we may encounter aggressive price competition for all of our products and services from numerous companies globally. There also has been and may continue to be a willingness on the part of certain competitors to reduce prices or provide information infrastructure and virtual infrastructure products or services, together with other IT products or services, at minimal or no additional cost in order to preserve or gain market share. Such price competition may result in pressure on our product and service prices, and reductions in product and service prices may have a material adverse effect on our revenues, gross margins and earnings.

If our suppliers are not able to meet our requirements, we could have decreased revenues and earnings.

We purchase or license many sophisticated components and products from one or a limited number of qualified suppliers, including some of our competitors. These components and products include flash drives, disk drives, high density memory components, power supplies and software developed and maintained by third parties. We have experienced delivery delays from time to time because of high industry demand or the inability of some vendors to consistently meet our quality or delivery requirements. Natural disasters have also in the past and may continue to impact our ability to procure certain components in a timely fashion. Current or future social and environmental regulations or critical issues, such as those relating to the sourcing of conflict minerals from the Democratic Republic of the Congo or the need to eliminate environmentally sensitive materials from our products, could restrict the supply of resources used in production or increase our costs. If any of our suppliers were to cancel or materially change contracts or commitments with us or fail to meet the quality or delivery requirements needed to satisfy customer orders for our products, we could lose time-sensitive customer orders, be unable to develop or sell certain products cost-effectively or on a timely basis, if at all, and have significantly decreased quarterly revenues and earnings, which would have a material adverse effect on our business, results of operations and financial condition. Additionally, we periodically transition our product line to incorporate new technologies. The importance of transitioning our customers smoothly to new technologies, along with our historically uneven pattern of quarterly sales, intensifies the risk that the failure of a supplier to meet our quality or delivery requirements will have a material adverse impact on our revenues and earnings. An economic crisis may also negatively affect our suppliers’ solvency, which could, in turn, result in product delays or otherwise materially adversely affect our business, results of operations or financial condition.

Our financial performance is impacted by the financial performance of VMware.

Because we consolidate VMware’s financial results in our results of operations, our financial performance will be impacted by the financial performance of VMware. VMware’s financial performance may be affected by a number of factors, including, but not limited to:

• general economic conditions in their domestic and international markets and the effect that these conditions have on VMware’s customers’ capital budgets and the availability of funding for software purchases;

• fluctuations in demand, adoption rates, sales cycles and pricing levels for VMware’s products and services;

• fluctuations in foreign currency exchange rates;

• changes in customers’ budgets for information technology purchases and in the timing of their purchasing decisions;

• VMware’s ability to compete with existing or increased competition;

• the timing of recognizing revenues in any given quarter, which, as a result of software revenue recognition policies, can be affected by a number of factors, including product announcements, beta programs and product promotions that can cause revenue recognition of certain orders to be deferred until future products to which customers are entitled become available;

• the sale of VMware’s products in the timeframes anticipated, including the number and size of orders in each quarter;

• VMware’s ability to develop, introduce and ship in a timely manner new products and product enhancements that meet customer demand, certification requirements and technical requirements;

• the introduction of new pricing and packaging models for VMware’s product offerings;

• the timing of the announcement or release of upgrades or new products by VMware or by its competitors;

• VMware’s ability to maintain scalable internal systems for reporting, order processing, license fulfillment, product delivery, purchasing, billing and general accounting, among other functions;

• VMware’s ability to control costs, including its operating expenses;

• changes to VMware’s effective tax rate;

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• the increasing scale of VMware’s business and its effect on VMware’s ability to maintain historical rates of growth;

• VMware’s ability to attract and retain highly skilled employees, particularly those with relevant experience in software development and sales;

• VMware’s ability to conform to emerging industry standards and to technological developments by its competitors and customers;

• renewal rates and the amounts of the renewals for enterprise license agreements, or ELA’s, as original ELA terms expire;

• the timing and amount of software development costs that may be capitalized beginning when technological feasibility has been established and ending when the product is available for general release;

• unplanned events that could affect market perception of the quality or cost-effectiveness of VMware’s products and solutions; and

• the recoverability of benefits from goodwill and acquired intangible assets and the potential impairment of these assets.

Our stock price is volatile and may be affected by the trading price of VMware Class A common stock.

Our stock price, like that of other technology companies, is subject to significant volatility because of factors such as:

• the announcement of acquisitions, new products, services or technological innovations by us or our competitors;

• quarterly variations in our operating results;

• changes in revenue or earnings estimates by the investment community; and

• speculation in the press or investment community.

The trading price of our common stock has been and likely will continue to be affected by various factors related to VMware, including:

• the trading price for VMware Class A common stock;

• actions taken or statements made by us, VMware, or others concerning our relationship with VMware; and

• factors impacting the performance of VMware, including those discussed in the prior risk factor.

In addition, although we own a majority of VMware and consolidate their results, our stock price may not reflect our pro rata ownership interest of VMware.

We may be unable to keep pace with rapid industry, technological and market changes.

The markets in which we compete are characterized by rapid technological change, frequent new product introductions, evolving industry standards and changing needs of customers. There can be no assurance that our existing products will be properly positioned in the market or that we will be able to introduce new or enhanced products into the market on a timely basis, or at all. We spend a considerable amount of money on research and development and introduce new products from time to time. There can be no assurance that enhancements to existing products and solutions or new products and solutions will receive customer acceptance. As competition in the IT industry increases, it may become increasingly difficult for us to maintain a technological advantage and to leverage that advantage toward increased revenues and profits. In addition, there can be no assurance that our vision of enabling hybrid Cloud Computing, Big Data and Trust through infrastructure and application transformation will be accepted or validated in the marketplace.

Risks associated with the development and introduction of new products include delays in development and changes in data storage, networking virtualization, infrastructure management, information security and operating system technologies which could require us to modify existing products. Risks inherent in the transition to new products include:

• the difficulty in forecasting customer preferences or demand accurately;

• the inability to expand production capacity to meet demand for new products;

• the inability to successfully manage the interoperability and transition from older products;

• the impact of customers’ demand for new products on the products being replaced, thereby causing a decline in sales of existing products and an excessive, obsolete supply of inventory; and

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• delays in initial shipments of new products.

Further risks inherent in new product introductions include the uncertainty of price-performance relative to products of competitors, competitors’ responses to the introductions and the desire by customers to evaluate new products for extended periods of time. Our failure to introduce new or enhanced products on a timely basis, keep pace with rapid industry, technological or market changes or effectively manage the transitions to new products or new technologies could have a material adverse effect on our business, results of operations or financial condition.

The markets we serve are highly competitive, and we may be unable to compete effectively.

We compete with many companies in the markets we serve, certain of which offer a broad spectrum of IT products and services and others which offer specific information storage, protection, security, management, virtualization and intelligence products or services. Some of these companies (whether independently or by establishing alliances) may have substantially greater financial, marketing and technological resources, larger distribution capabilities, earlier access to customers and greater opportunity to address customers’ various IT requirements than us. In addition, as the IT industry consolidates, companies may improve their competitive position and ability to compete against us. We compete on the basis of our products’ features, performance and price as well as our services. Our failure to compete on any of these bases could affect demand for our products or services, which could have a material adverse effect on our business, results of operations or financial condition.

Companies may develop new technologies or products in advance of us or establish business models or technologies disruptive to us. Our business may be materially adversely affected by the announcement or introduction of new products, including hardware and software products and services by our competitors, and the implementation of effective marketing or sales strategies by our competitors. The material adverse effect to our business could include a decrease in demand for our products and services and an increase in the length of our sales cycle due to customers taking longer to compare products and services and to complete their purchases.

We may have difficulty managing operations.

Our future operating results will depend on our overall ability to manage operations, which includes, among other things:

• retaining and hiring, as required, the appropriate number of qualified employees;

• managing, protecting and enhancing, as appropriate, our infrastructure, including but not limited to, our information systems (and such systems’ ability to protect confidential information residing on the systems) and internal controls;

• accurately forecasting revenues;

• training our sales force to sell effectively, given the breadth of our offerings;

• successfully integrating new acquisitions;

• managing inventory levels, including minimizing excess and obsolete inventory, while maintaining sufficient inventory to meet customer demands;

• controlling expenses;

• managing our manufacturing capacity, real estate facilities and other assets;

• meeting our sustainability goals; and

• executing on our plans.

An unexpected decline in revenues without a corresponding and timely reduction in expenses or a failure to manage other aspects of our operations could have a material adverse effect on our business, results of operations or financial condition.

Our investment portfolio could experience a decline in market value which could adversely affect our financial results.

We held $6.7 billion in short- and long-term investments as of March 31, 2013. The investments are invested primarily in investment grade debt securities, and we limit the amount of investment with any one issuer. A further deterioration in the economy, including a tightening of credit markets, increased defaults by issuers, or significant volatility in interest rates, including the downgrade of U.S. government debt, could cause the investments to decline in value or could impact the liquidity of the portfolio. If market conditions deteriorate significantly, our results of operations or financial condition could be materially adversely affected.

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Our business may suffer if we are unable to retain or attract key personnel.

Our business depends to a significant extent on the continued service of senior management and other key employees, the development of additional management personnel and the hiring of new qualified employees. There can be no assurance that we will be successful in retaining existing personnel or recruiting new personnel. The loss of one or more key or other employees, our inability to attract additional qualified employees or the delay in hiring key personnel could have a material adverse effect on our business, results of operations or financial condition.

Our quarterly revenues and earnings could be materially adversely affected by uneven sales patterns and changing purchasing behaviors.

Our quarterly sales have historically reflected an uneven pattern in which a disproportionate percentage of a quarter’s total sales occur in the last month and weeks and days of each quarter. This pattern makes prediction of revenues, earnings and working capital for each financial period especially difficult and uncertain and increases the risk of unanticipated variations in quarterly results and financial condition. We believe this uneven sales pattern is a result of many factors including:

• the relative dollar amount of our product and services offerings in relation to many of our customers’ budgets, resulting in long lead times for customers’ budgetary approval, which tends to be given late in a quarter;

• the tendency of customers to wait until late in a quarter to commit to purchase in the hope of obtaining more favorable pricing from one or more competitors seeking their business;

• the fourth-quarter influence of customers spending their remaining capital budget authorization prior to new budget constraints in the first nine months of the following year; and

• seasonal influences.

Our uneven sales pattern also makes it extremely difficult to predict near-term demand and adjust manufacturing capacity or our supply chain accordingly. If predicted demand is substantially greater than orders, there will be excess inventory. Alternatively, if orders substantially exceed predicted demand, the ability to assemble, test and ship orders received in the last weeks and days of each quarter may be limited, which could materially adversely affect quarterly revenues and earnings.

In addition, our revenues in any quarter are substantially dependent on orders booked and shipped in that quarter and our backlog at any particular time is not necessarily indicative of future sales levels. This is because:

• we assemble our products on the basis of our forecast of near-term demand and maintain inventory in advance of receipt of firm orders from customers;

• we generally ship products shortly after receipt of the order; and

• customers may generally reschedule or cancel orders with little or no penalty.

Loss of infrastructure, due to factors such as an information systems failure, loss of public utilities, natural disasters or extreme weather conditions, could impact our ability to book orders or ship products in a timely manner. Delays in product shipping or an unexpected decline in revenues without a corresponding and timely slowdown in expenses, could intensify the impact of these factors on our business, results of operations and financial condition.

In addition, unanticipated changes in our customers’ purchasing behaviors such as customers taking longer to negotiate and complete their purchases or making smaller, incremental purchases based on their current needs, also make the prediction of revenues, earnings and working capital for each financial period difficult and uncertain and increase the risk of unanticipated variations in our quarterly results and financial condition.

Risks associated with our distribution channels may materially adversely affect our financial results.

In addition to our direct sales force, we have agreements in place with many distributors, systems integrators, resellers and original equipment manufacturers to market and sell our products and services. We derive a significant percentage of our revenues from such distribution channels. Our financial results could be materially adversely affected if our contracts with channel partners were terminated, if our relationship with channel partners were to deteriorate, if the financial condition of our channel partners were to weaken, if our channel partners were not able to timely and effectively implement their planned actions or if the level of demand for our channel partners’ products and services were to decrease. In addition, as our market opportunities change, we may

44

have an increased reliance on channel partners, which may negatively impact our gross margins. There can be no assurance that we will be successful in maintaining or expanding these channels. If we are not successful, we may lose sales opportunities, customers and market share. Furthermore, the partial reliance on channel partners may materially reduce the visibility to our management of potential customers and demand for products and services, thereby making it more difficult to accurately forecast such demand. In addition, there can be no assurance that our channel partners will not develop, market or sell products or services or acquire other companies that develop, market or sell products or services in competition with us in the future.

In addition, as we focus on new market opportunities and additional customers through our various distribution channels, including small-to-medium sized businesses, we may be required to provide different levels of service and support than we typically provided in the past. We may have difficulty managing directly or indirectly through our channels these different service and support requirements and may be required to incur substantial costs to provide such services which may adversely affect our business, results of operations or financial condition.

Due to the global nature of our business, political, economic or regulatory changes or other factors in a specific country or region could impair our international operations, future revenue or financial condition.

A substantial portion of our revenues is derived from sales outside the United States including, increasingly, in rapid growth markets such as Brazil, Russia, India and China. In addition, a substantial portion of our products is manufactured outside of the United States. Accordingly, our future results could be materially adversely affected by a variety of factors relating to our operations outside the United States, including, among others, the following:

• changes in foreign currency exchange rates;

• changes in a specific country’s or region’s economic conditions;

• political or social unrest;

• trade restrictions;

• import or export licensing requirements;

• the overlap of different tax structures or changes in international tax laws;

• changes in regulatory requirements;

• difficulties in staffing and managing international operations;

• stringent privacy policies in some foreign countries;

• compliance with a variety of foreign laws and regulations; and

• longer payment cycles in certain countries.

Foreign operations, particularly in those countries with developing economies, are also subject to risks of violations of laws prohibiting improper payments and bribery, including the U.S. Foreign Corrupt Practices Act and similar regulations in foreign jurisdictions. Although we implement policies and procedures designed to ensure compliance with these laws, our employees, contractors and agents may take actions in violation of our policies. Any such violations, even if prohibited by our policies, could subject us to civil or criminal penalties or otherwise have an adverse effect on our business and reputation.

In addition, we hold a significant portion of our cash and investments in our international subsidiaries. Potential regulations could impact our ability to transfer the cash and investments to the United States. Should we desire to repatriate cash, we may incur a significant tax obligation.

We operate a Venezuelan sales subsidiary in which the Bolivar is the functional currency. Due to limitations in accessing the dollar at the official exchange rate, we have utilized an implied currency rate derived from actively traded bonds in order to translate the foreign currency denominated balance sheet. This rate is analogous to the “System for Transactions in Foreign Currency Securities” or SITME rate. Our operations in Venezuela include U.S. dollar-denominated assets and liabilities which we remeasure to Bolivars. The remeasurement may result in transaction gains or losses. We have used either the official exchange rate or implied exchange rate to remeasure these balances based upon the expected rate at which we believe the items will be settled. As a result of continued hyper-inflation in Venezuela, effective in 2010, we modified the functional currency to be the U.S. dollar. As a result of this change, Bolivar-denominated transactions will be subject to exchange gains and losses that may impact our earnings. While we do not believe this change will have a material impact on our financial position, results of operations or cash flows, these items could be adversely affected if there is a significant change in exchange rates.

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Cybersecurity breaches could expose us to liability, damage our reputation, compromise our ability to conduct business, require us to incur significant costs or otherwise adversely affect our financial results.

We retain sensitive data, including intellectual property, proprietary business information and personally identifiable information, in our secure data centers and on our networks. We face a number of threats to our data centers and networks of unauthorized access, security breaches and other system disruptions. It is critical to our business strategy that our infrastructure remains secure and is perceived by customers and partners to be secure. Despite our security measures, our infrastructure may be vulnerable to attacks by hackers or other disruptive problems, such as the sophisticated cyber attack on our RSA division that we disclosed in March 2011. Any such security breach may compromise information stored on our networks and may result in significant data losses or theft of our, our customers’, our business partners’ or our employees’ intellectual property, proprietary business information or personally identifiable information. In addition, we have outsourced a number of our business functions to third party contractors, and any breach of their security systems could adversely affect us.

A cybersecurity breach could negatively affect our reputation as a trusted provider of information infrastructure by adversely affecting the market’s perception of the security or reliability of our products or services. In addition, a cyber attack could result in other negative consequences, including remediation costs, disruption of internal operations, increased cybersecurity protection costs, lost revenues or litigation.

Undetected problems in our products could directly impair our financial results.

If flaws in design, production, assembly or testing of our products (by us or our suppliers) were to occur, we could experience a rate of failure in our products that would result in substantial repair, replacement or service costs and potential damage to our reputation. Continued improvement in manufacturing capabilities, control of material and manufacturing quality and costs and product testing are critical factors in our future growth. There can be no assurance that our efforts to monitor, develop, modify and implement appropriate test and manufacturing processes for our products will be sufficient to permit us to avoid a rate of failure in our products that results in substantial delays in shipment, significant repair or replacement costs or potential damage to our reputation, any of which could have a material adverse effect on our business, results of operations or financial condition.

Our business could be materially adversely affected as a result of the risks associated with alliances.

We have alliances, such as our VCE joint venture, with leading information technology companies, some of whom may be our competitors in other areas, and we plan to continue our strategy of developing key alliances in order to expand our reach into markets. There can be no assurance that we will be successful in our ongoing strategic alliances or that we will be able to find further suitable business relationships as we develop new products and strategies. Any failure to continue or expand such relationships could have a material adverse effect on our business, results of operations or financial condition.

There can be no assurance that companies with which we have strategic alliances, certain of which have substantially greater financial, marketing or technological resources than us, will not develop or market products in competition with us in the future, discontinue their alliances with us or form alliances with our competitors.

Our business may suffer if we cannot protect our intellectual property.

We generally rely upon patent, copyright, trademark and trade secret laws and contract rights in the United States and in other countries to establish and maintain our proprietary rights in our technology and products. However, there can be no assurance that any of our proprietary rights will not be challenged, invalidated or circumvented. In addition, the laws of certain countries do not protect our proprietary rights to the same extent as do the laws of the United States. Therefore, there can be no assurance that we will be able to adequately protect our proprietary technology against unauthorized third-party copying or use, which could adversely affect our competitive position. Further, there can be no assurance that we will be able to obtain licenses to any technology that we may require to conduct our business or that, if obtainable, such technology can be licensed at a reasonable cost.

From time to time, we receive notices from third parties claiming infringement by our products of third-party patent or other intellectual property rights. Responding to any such claim, regardless of its merit, could be time-consuming, result in costly litigation, divert management’s attention and resources and cause us to incur significant expenses. In the event there is a temporary or permanent injunction entered prohibiting us from marketing or selling certain of our products or a successful claim of infringement against us requiring us to pay royalties to a third party, and we fail to develop or license a substitute technology, our business, results of operations or financial condition could be materially adversely affected.

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In addition, although we believe we have adequate security measures, if our intellectual property or other sensitive data is misappropriated, we could suffer monetary and other losses and reputational harm, which could materially adversely affect our business, results of operations or financial condition. In the past, VMware has been made aware of public postings by hackers of portions of their source code.

We may become involved in litigation that may materially adversely affect us.

From time to time, we may become involved in various legal proceedings relating to matters incidental to the ordinary course of our business, including patent, commercial, product liability, employment, class action, whistleblower and other litigation and claims, and governmental and other regulatory investigations and proceedings. Such matters can be time-consuming, divert management’s attention and resources and cause us to incur significant expenses. Furthermore, because litigation is inherently unpredictable, there can be no assurance that the results of any of these actions will not have a material adverse effect on our business, results of operations or financial condition.

Issues arising during the upgrade of our enterprise resource planning system could affect our operating results and ability to manage our business effectively.

We are in the process of upgrading our enterprise resource planning, or ERP, computer system to enhance operating efficiencies and provide more effective management of our business operations. While one phase of our upgrade was implemented in the third quarter of 2012, we still have further planned phases to our upgrade. The upgrade could cause substantial business interruption that could adversely impact our operating results. We are investing significant financial and personnel resources into this project. However, there is no assurance that the design will meet our current and future business needs or that it will operate as designed. We are heavily dependent on such computer systems, and any significant failure or delay in the system upgrade, if encountered, could cause a substantial interruption to our business and additional expense which could result in an adverse impact on our operating results, cash flows and financial condition.

We may have exposure to additional income tax liabilities.

As a multinational corporation, we are subject to income taxes in both the United States and various foreign jurisdictions. Our domestic and international tax liabilities are subject to the allocation of revenues and expenses in different jurisdictions and the timing of recognizing revenues and expenses. Additionally, the amount of income taxes paid is subject to our interpretation of applicable tax laws in the jurisdictions in which we file and changes to tax laws. From time to time, we are subject to income tax audits. While we believe we have complied with all applicable income tax laws, there can be no assurance that a governing tax authority will not have a different interpretation of the law and assess us with additional taxes. Should we be assessed with additional taxes, there could be a material adverse effect on our results of operations or financial condition.

As part of the current Administration's ongoing budget negotiations, President Obama and the House of Representatives and Senate Committees have called for a comprehensive tax reform, which might change certain U.S. tax rules for U.S. corporations doing business outside the United States. While the scope of future changes differs among various tax proposals and remains unclear, proposed changes might include limiting the ability of U.S. corporations to deduct certain expenses attributable to offshore earnings, modifying the foreign tax credit rules and taxing currently certain transfers of intangibles offshore. The enactment of some or all of these proposals could increase the Company's effective tax rate and adversely affect our profitability.

During 2010, the IRS announced and finalized Schedule UTP, Uncertain Tax Positions Statement. This schedule is an annual disclosure of certain federal UTPs, ranked in order of magnitude which includes "a concise description of the tax position, including a description of the relevant facts affecting the tax treatment of the position and information that reasonably can be expected to apprise the Service of the identity of the tax position." As a result of this disclosure, the amount of taxes we would have to pay in the future could increase.

Changes in regulations could materially adversely affect us.

Our business, results of operations or financial condition could be materially adversely affected if laws, regulations or standards relating to us or our products are newly implemented or changed. In addition, our compliance with existing regulations may have a material adverse impact on us. Under applicable federal securities laws, including the Sarbanes-Oxley Act of 2002, we are required to evaluate and determine the effectiveness of our internal control structure and procedures for financial reporting. Should we or our independent auditors determine that we have material weaknesses in our internal controls, our results of operations or financial condition may be materially adversely affected or our stock price may decline. In March 2010, President Obama signed

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into law a comprehensive health care reform package. We cannot currently determine the impact that such legislation could have on our business, results of operations or financial condition.

Changes in generally accepted accounting principles may materially adversely affect us.

From time to time, the Financial Accounting Standards Board (“FASB”) promulgates new accounting principles that could have a material adverse impact on our results of operations or financial condition. The FASB is currently contemplating a number of new accounting pronouncements which, if approved, could materially change our reported results. Such changes could have a material adverse impact on our results of operations and financial position.

Our business could be materially adversely affected as a result of the risks associated with acquisitions, investments and joint ventures.

As part of our business strategy, we seek to acquire businesses that offer complementary products, services or technologies. These acquisitions are accompanied by the risks commonly encountered in an acquisition of a business, which may include, among other things:

• the effect of the acquisition on our financial and strategic position and reputation;

• the failure of an acquired business to further our strategies;

• the failure of the acquisition to result in expected benefits, which may include benefits relating to enhanced revenues, technology, human resources, cost savings, operating efficiencies and other synergies;

• the difficulty and cost of integrating the acquired business, including costs and delays in implementing common systems and procedures and costs and delays caused by communication difficulties or geographic distances between the two companies’ sites;

• the assumption of known or unknown liabilities of the acquired business, including litigation-related liability;

• the potential impairment of acquired assets;

• the lack of experience in new markets, products or technologies or the initial dependence on unfamiliar supply or distribution partners;

• the diversion of our management’s attention from other business concerns;

• the impairment of relationships with customers or suppliers of the acquired business or our customers or suppliers;

• the recoverability of benefits from goodwill and intangible assets and the potential impairment of these assets;

• the potential loss of key employees of the acquired company; and

• the potential incompatibility of business cultures.

These factors could have a material adverse effect on our business, results of operations or financial condition. To the extent that we issue shares of our common stock or other rights to purchase our common stock in connection with any future acquisition, existing shareholders may experience dilution. Additionally, regardless of the form of consideration issued, acquisitions could negatively impact our net income and our earnings per share.

In addition to the risks commonly encountered in the acquisition of a business as described above, we may also experience risks relating to the challenges and costs of closing a transaction or failing to close an announced transaction. Further, the risks described above may be exacerbated as a result of managing multiple acquisitions at the same time.

We also seek to invest in businesses that offer complementary products, services or technologies and to, from time time, create new joint ventures or alliances. These investments and ventures are accompanied by risks similar to those encountered in an acquisition of a business.

Our pension plan assets are subject to market volatility.

We have a noncontributory defined benefit pension plan assumed as part of our Data General acquisition. The plan’s assets are invested in common stocks, bonds and cash. The expected long-term rate of return on the plan’s assets was 6.75%. This rate represents the average of the expected long-term rates of return weighted by the plan’s assets as of December 31, 2012. We continue to gradually shift the asset allocation to lower the percentage of investment in equity securities and increase the percentage of

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investments in long-duration fixed-income securities. The effect of such change could result in a reduction in the long-term rate of return on plan assets and an increase in future pension expense. As of December 31, 2012, the ten-year historical rate of return on plan assets was 8.4%, and the inception to date return on plan assets was 9.9%. In 2012, we experienced an 13.7% gain on plan assets. Should we not achieve the expected rate of return on the plan’s assets or if the plan experiences a decline in the fair value of its assets, we may be required to contribute assets to the plan which could materially adversely affect our results of operations or financial condition.

Our business could be materially adversely affected by changes in regulations or standards regarding energy use of our products.

We continually seek ways to increase the energy efficiency of our products. Recent analyses have estimated the amount of global carbon emissions that are due to information technology products. As a result, governmental and non-governmental organizations have turned their attention to development of regulations and standards to drive technological improvements and reduce such amount of carbon emissions. There is a risk that the development of these standards will not fully address the complexity of the technology developed by the IT industry or will favor certain technological approaches. Depending on the regulations or standards that are ultimately adopted, compliance could materially adversely affect our business, results of operations or financial condition.

Our business could be materially adversely affected as a result of war, acts of terrorism, natural disasters or climate change.

Terrorist acts, acts of war, natural disasters, or the direct and indirect effects of climate change (such as sea level rise, increased storm severity, drought, flooding, wildfires, pandemics, and social unrest from resource depletion and rising food prices) may cause damage or disruption to our employees, facilities, customers, partners, suppliers, distributors and resellers, which could have a material adverse effect on our business, results of operations or financial condition. Such events may also cause damage or disruption to transportation and communication systems and to our ability to manage logistics in such an environment, including receipt of components and distribution of products.

Item 2.     UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ISSUER PURCHASES OF EQUITY SECURITIES IN THE FIRST QUARTER OF 2013

Period	Total Number of Shares Purchased(1)		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs
January 1, 2013 – January 31, 2013	3,648,432		$	24.30	3,640,986	273,464,338
February 1, 2013 – February 28, 2013	10,099,733		24.50		8,442,970	265,021,368
March 1, 2013 – March 31, 2013	663,323		23.43		563,745	264,457,623
Total	14,411,488	(2)	$	24.40	12,647,701	264,457,623

(1) Except as noted in note (2), all shares were purchased in open-market transactions pursuant to our previously announced authorizations by our Board of Directors in April 2008 to repurchase 250.0 million shares of our common stock and in February 2013 to repurchase an additional 250.0 million shares of our common stock. These repurchase authorizations do not have a fixed termination date.

(2) Includes an aggregate of 1,763,787 shares withheld from employees for the payment of taxes.

Item 3.    DEFAULTS UPON SENIOR SECURITIES

None.

Item 4.    MINE SAFETY DISCLOSURES

Not applicable.

Item 5.    OTHER INFORMATION

None.

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Item 6.    EXHIBITS

(a) Exhibits

See index to Exhibits on page 52 of this report.

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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 thereunto duly authorized.

Date: May 3, 2013	EMC CORPORATION
	By:	/s/ David I. Goulden
		David I. Goulden
		President and Chief Operating Officer
		(Principal Financial Officer)

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EXHIBIT INDEX

3.1	Restated Articles of Organization of EMC Corporation. (filed herewith)
3.2	Amended and Restated Bylaws of EMC Corporation. (filed herewith)
4.1	Form of Stock Certificate. (1)
4.2	Indenture with Wells Fargo Bank, N.A., as trustee, dated as of November 17, 2006. (2)
4.3	Registration Rights Agreement with Goldman, Sachs & Co., Lehman Brothers Inc. and Citigroup Global Markets Inc., dated as of November 17, 2006. (2)
10.1*	EMC Corporation Amended and Restated 2003 Stock Plan, as amended and restated as of May 1, 2013. (3)
10.2	EMC Corporation Amended and Restated 1989 Employee Stock Purchase Plan, as amended and restated effective July 1, 2013. (3)
31.1	Certification of Principal Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (filed herewith)
31.2	Certification of Principal Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (filed herewith)
32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (filed herewith)
32.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (filed herewith)
101.INS**	XBRL Instance Document. (filed herewith)
101.SCH**	XBRL Taxonomy Extension Schema. (filed herewith)
101.CAL**	XBRL Taxonomy Extension Calculation Linkbase. (filed herewith)
101.DEF**	XBRL Taxonomy Extension Definition Linkbase. (filed herewith)
101.LAB**	XBRL Taxonomy Extension Label Linkbase. (filed herewith)
101.PRE**	XBRL Taxonomy Extension Presentation Linkbase. (filed herewith)

_________________

*

Identifies an exhibit that is a management contract or compensatory plan or arrangement.

**

Pursuant to Rule 406T of Regulation S-T, these interactive data files shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

(1) Incorporated by reference to EMC Corporation’s Annual Report on Form 10-K filed February 29, 2008 (No. 1-9853).

(2) Incorporated by reference to EMC Corporation’s Current Report on Form 8-K filed November 17, 2006 (No. 1-9853).

(3) Incorporated by reference to EMC Corporation’s Definitive Proxy Statement on Schedule 14A filed March 21, 2013 (No. 1-9853).

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EX-3.1

Exhibit 3.1

EX-3.2

Exhibit 3.2

AMENDED AND RESTATED BYLAWS

of

EMC CORPORATION

(as amended 2-26-86, 3-10-86, 10-28-86, 1-26-87, 9-19-89, 10-16-92, 7-21-95, 7-22-98,

1-20-99, 1-19-00, 7-28-04, 2-10-06, 1-31-08, 5-21-08, 8-1-08, 5-6-09, 5-4-11 and 5-1-13)

Section 1. ARTICLES OF ORGANIZATION

The name and purposes of the corporation shall be as set forth in the articles of organization. These bylaws, the powers of the corporation and of its directors and shareholders, or of any class of shareholders if there shall be more than one class of stock, and all matters concerning the conduct and regulation of the business and affairs of the corporation shall be subject to such provisions in regard thereto, if any, as are set forth in the articles of organization as from time to time in effect.

Section 2. SHAREHOLDERS

2.1.Annual Meeting. The annual meeting of shareholders of the corporation for the election of directors and the transaction of such other business as may properly come before the meeting shall be held on such date and at such time as shall be determined by the board of directors each year, which date and time may subsequently be changed at any time, including the year any such determination occurs.

2.2.    Special Meetings. Except as provided in the articles of organization with respect to the ability of holders of preferred stock to call a special meeting in certain circumstances, special meetings of the shareholders may be called by the president at the direction of the chairman of the board or by a majority of the directors, and shall be called by the secretary, or in case of the death, absence, incapacity or refusal of the secretary, by any other officer, upon the written request of shareholders who hold in the aggregate at least twenty five percent (25%) of all the votes entitled to be cast on any issue to be considered at the proposed special meeting. Such request shall state the purpose or purposes of the proposed meeting. A shareholder request for a special meeting shall be directed to the secretary and shall be signed and dated by each shareholder, or duly authorized agent of such shareholder, requesting the special meeting and shall be accompanied by the information required by Sections 2.4 or 3.2 of these bylaws, as applicable, as to any business proposed to be conducted and any nominations proposed to be presented at such special meeting and as to the shareholder(s) requesting the special meeting. A special meeting requested by shareholders shall be held on such date and at such time and place as shall be determined by the board of directors; provided, however, that the date of any such special meeting shall be not more than ninety (90) days after the request to call the special meeting is received by the secretary. Notwithstanding the foregoing, a special meeting requested by shareholders shall not be held if (a) the stated business to be brought before the special meeting is not a proper subject for shareholder action under applicable law, (b) the Board of Directors has called or calls for an annual meeting of shareholders to be held within ninety (90) days after the secretary receives the request for the special meeting and the Board of Directors determines in good faith that the business of such annual meeting includes (among any other matters properly brought before the annual meeting) the business specified in the shareholders' request, or (c) an annual or special meeting that included the business specified in the request (as determined in good faith by the Board of Directors) was held not more than ninety (90) days before the request to call the special meeting was received by the secretary.

A shareholder may revoke a request for a special meeting at any time by written revocation delivered to the secretary, and if, following such revocation there are un-revoked requests from shareholders holding in the aggregate less than the requisite number of shares entitling the shareholders to request the calling of a special meeting, the Board of Directors, in its discretion, may cancel the special meeting. If none of the shareholders who submitted the request for a special meeting appears or sends a qualified representative to present the nominations proposed to be presented or other business proposed to be conducted at the special meeting, the Corporation need not present such nominations or other business for a vote at such meeting. Business transacted at all special meetings shall be confined to the matters stated in the notice of special meeting. Business transacted at a special meeting requested by shareholders shall be limited to the matters described in the special meeting request; provided, however, that nothing herein shall prohibit the Board of Directors from submitting matters to the shareholders at any special meeting requested by shareholders. The Chair of a special meeting shall determine all matters relating to the conduct of the meeting, including, but not limited to, determining whether any nomination or other item of business has been properly brought before the meeting in accordance with these bylaws, and if the Chair should so determine and declare that any nomination or other item of business has not been properly brought before the special meeting, then such business shall not be transacted at such meeting.

As used in these bylaws, the expression “business day” means a day other than a day which, at a particular place, is a public holiday or a day other than a day on which banking institutions at such place are allowed or required, by law or otherwise, to remain closed.

2.3.Place of Meeting; Adjournment. Meetings of the shareholders may be held at the principal office of the corporation in the Commonwealth of Massachusetts, or at such places within or without the Commonwealth of Massachusetts as may be specified in the notices of such meetings; provided, that, when any meeting is convened, the chairman of the board or other presiding officer may adjourn the meeting for a period of time not to exceed 30 days if (a) no quorum is present for the transaction of business or (b) the chairman of the board or other presiding officer determines that adjournment is necessary or appropriate to enable the shareholders (i) to consider fully information which such officer determines has not been made sufficiently or timely available to shareholders or (ii) otherwise to exercise effectively their voting rights. The chairman of the board or other presiding officer in such event shall announce the adjournment and date, time and place of reconvening.

2.4.Notice of Meetings. A written notice of each meeting of shareholders, stating the place, date and hour and the purposes of the meeting, shall be given no fewer than seven days nor more than 60 days before the meeting to each shareholder entitled to vote thereat and to each shareholder who, by law, by the articles of organization or by these bylaws, is entitled to notice, by leaving such notice with such shareholder or at such shareholder's residence or usual place of business, by mailing it, postage prepaid, addressed to such shareholder at such shareholder's address as it appears in the records of the corporation or by electronic transmission directed to such shareholder at an address given to the corporation by the shareholder or otherwise in such manner as the shareholder shall have specified to the corporation, including by facsimile transmission, electronic mail or posting on an electronic network. Such notice shall be given by the secretary or an assistant secretary or by an officer designated by the directors. Whenever notice of a meeting is required to be given to a shareholder under any provision of Chapter 156D of the Massachusetts General Laws or of the articles of organization or these bylaws, a written waiver thereof, executed before or after the meeting by such shareholder or such shareholder's attorney thereunto authorized and filed with the records of the meeting, shall be deemed equivalent to such notice.

No business may be transacted at a meeting of shareholders except that (a) specified in the notice thereof, or in a supplemental notice given also in compliance with the provisions hereof, (b) brought before the meeting by or at the direction of the board of directors or the presiding officer, or (c) properly

brought before the meeting by or on behalf of any shareholder who shall have been a shareholder of record at the time of giving of notice provided for in this Section 2.4 and who shall continue to be entitled to vote thereat and who complies with the notice procedures set forth in this Section 2.4 or, with respect to the election of directors, Section 3.2 of these bylaws. In addition to any other applicable requirements, for business to be properly brought before a meeting by a shareholder (other than a shareholder proposal included in the corporation's proxy statement pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended (the "Exchange Act")), the shareholder must have given timely notice thereof in writing to the secretary of the corporation. In order to be timely given, a shareholder's notice must be delivered to or mailed and received at the principal executive offices of the corporation (a) not less than 95 nor more than 125 days prior to the anniversary date of the immediately preceding annual meeting of shareholders of the corporation or (b) in the case of a special meeting or if the annual meeting is called for a date (including any change in a date determined by the board pursuant to Section 2.1) not within 30 days before or after such anniversary date, not later than the close of business on the 10th day following the day on which notice of the date of such meeting was mailed or public disclosure of the date of such meeting was made, whichever first occurs. In no event shall any adjournment or postponement of an annual or special meeting or the public disclosure thereof commence a new time period for the giving of a shareholder's notice as described above. Such shareholder's notice to the secretary shall set forth as to each matter the shareholder proposes to bring before the meeting (a) a brief description of the business desired to be brought before the meeting and the reasons for conducting such business at the meeting, (b) the name and record address of the shareholder proposing such business covered by this Section 2.4, (c) the class and number of all shares of stock of the corporation held of record, owned beneficially (directly or indirectly) and represented by proxy by such shareholder as of the record date for the meeting (if such date shall then have been made publicly available), as of the date of such notice, and as of each of 60 days prior to the date of such notice and one year prior to the date of such notice, (d) a description of any derivative positions held or beneficially held (directly or indirectly) by the shareholder, including whether and the extent to which any derivative instrument, swap, option, warrant, short interest, hedge or profit interest or other transaction has been entered into by or on behalf of, or any other agreement, arrangement or understanding (including any short position or any borrowing or lending of shares) has been made by or on behalf of, the effect or intent of which is to mitigate loss to, or manage risk or benefit of share price changes for, or to increase or decrease the voting power or pecuniary or economic interest of, such shareholder with respect to stock of the corporation (any of the foregoing, a "Derivative Position"), (e) a description of any proxy, contract, arrangement, understanding or relationship between such shareholder and any other person or persons (including their names and addresses) in connection with the proposal of such business by such shareholder or pursuant to which such shareholder has a right to vote any stock of the corporation, (f) a description of any material interest of such shareholder in such business, including any anticipated benefit to the shareholder therefrom, (g) a description of any proportionate interest in stock of the corporation or Derivative Positions with respect to the corporation held, directly or indirectly, by a general or limited partnership in which such shareholder is a general partner or, directly or indirectly, beneficially owns an interest in such a general partner, and (h) all other information which would be required to be included in a proxy statement or other filings required to be filed with the Securities and Exchange Commission if, with respect to any such item of business, such shareholder were a participant in a solicitation subject to Regulation 14A under the Exchange Act (the "Proxy Rules").

Notwithstanding anything in these bylaws to the contrary, no business shall be conducted at any meeting of shareholders except in accordance with the procedures set forth in this Section 2.4; provided, however, that nothing in this Section 2.4 shall be deemed to preclude discussion by any shareholder of any business properly brought before such meeting.

The chairman of the board or other presiding officer of the meeting may, if the facts warrant, determine and declare to the meeting that business was not properly brought before the meeting in accordance with the foregoing procedures, and if such officer should so determine, such officer shall so declare to the meeting and that business shall be disregarded.

2.5.Quorum of Shareholders. At any meeting of shareholders, a quorum shall consist of a majority in interest of all stock issued and outstanding and entitled to vote at the meeting, except when a larger quorum is required by law, by the articles of organization or by these bylaws. Stock owned directly or indirectly by the corporation, if any, shall not be deemed outstanding for this purpose. Any meeting may be adjourned from time to time by a majority of the votes properly cast upon the question, whether or not a quorum is present, and the meeting may be held as adjourned without further notice.

2.6.Action by Vote.

(a)Election of Directors. Other than in a Contested Election Meeting (as defined below), beginning at the opening of the polls at the 2009 Annual Meeting of Shareholders, when a quorum is present at any meeting of shareholders, a nominee for director shall be elected to the board of directors if the votes properly cast “for” such nominee's election exceed the votes properly cast “against” such nominee's election (with “abstentions,” “broker non-votes” and “withheld votes” not counted as a vote “for” or “against” such nominee's election). In a Contested Election Meeting or at any meeting of shareholders held prior to the 2009 Annual Meeting of Shareholders, when a quorum is present, directors shall be elected by a plurality of the votes properly cast at such meeting. A meeting of shareholders shall be a “Contested Election Meeting” if there are more persons nominated for election as directors at such meeting than there are directors to be elected at such meeting, determined as of the tenth day preceding the date of the corporation's first notice to shareholders of such meeting sent pursuant to Section 2.4 of these bylaws (the “Determination Date”); provided, however, that if in accordance with Section 3.2 of these bylaws shareholders are entitled to nominate persons for election as director for a period of time that ends after the otherwise applicable Determination Date, the Determination Date shall instead be as of the end of such period. No ballot shall be required for any election unless requested by a shareholder present or represented at the meeting and entitled to vote in the election.

(b)Other Matters. Except as provided in Section 2.6(a), when a quorum is present at any meeting of shareholders, a majority of the votes properly cast upon any question shall decide the question, except when a larger vote is required by law, by the articles of organization or by these bylaws.

2.7.Voting. Shareholders entitled to vote shall have one vote for each share of stock entitled to vote held by them of record according to the records of the corporation, unless otherwise provided by the articles of organization. The corporation shall not, directly or indirectly, vote any share of its own stock.

2.8. Action by Writing.

(a)Votes Required for Action. Any action required or permitted to be taken at any meeting of shareholders may be taken without a meeting by shareholders having not less than the minimum number of votes necessary to take the action at a meeting at which all shareholders entitled to vote on the action are present and voting, in accordance with the articles of organization and this Section 2.8. Such action shall be evidenced by a consent or consents in writing, setting forth the action so taken, which shall be (i) signed and delivered to the secretary and not revoked by shareholders having the requisite votes, and (ii) filed with the records of the meetings of shareholders. Such consents shall be treated for all purposes as a vote at a meeting.

(b)Request for Record Date. Shareholders may act by written consent if shareholders who own in the aggregate at least twenty-five percent (25%) of the outstanding shares of stock of the corporation, as determined in accordance with the articles of organization, shall (i) by written notice to the secretary request that the board of directors fix a record date (a “Written Request”) prior to soliciting any written consents in respect of such action, (ii) solicit consents to take such action from all shareholders, and (iii) continuously own (as determined in accordance with the articles of organization) not less than twenty-five percent (25%) of the outstanding shares of stock of the corporation through the date of delivery of written consents signed by shareholders having the requisite votes to take such action. Delivery of such Written Request shall be by hand, by registered U.S. mail, or by courier service to the attention of the secretary at the principal executive offices of the corporation. A shareholder may revoke a Written Request with respect to such shareholder's shares at any time by written revocation delivered to the secretary. In addition, any disposition of shares of the corporation's stock made at any time prior to the delivery of the first written consent with respect to the action for which the Written Request is submitted shall constitute a revocation, with respect to such disposed shares, of any such Written Request.

(c)Contents of Written Request. A Written Request shall be signed and dated by each shareholder, or duly authorized agent of such shareholder, submitting the Written Request and shall be accompanied by (i) the information required by Sections 2.4 or 3.2 of these bylaws, as applicable, and (ii) an acknowledgment that any disposition of shares described in Section 2.8(b) of these bylaws constitutes a revocation of the Written Request with respect to such disposed shares. In addition, the shareholders shall promptly provide any other information reasonably requested by the corporation.

(d)Record Date. The board of directors shall promptly, but in all events within ten (10) business days after the date on which a Written Request complying with these bylaws (including Section 2.8(e)) is received by the secretary, adopt a resolution fixing the record date for determining shareholders entitled to take action by written consent. If no record date has been fixed by the board of directors within ten (10) business days after the date on which a Written Request complying with these bylaws is received by the secretary, and the Written Request involves a matter that is a proper subject for action by written consent under Section 2.8(e) of these bylaws, the record date shall be the date on which the first shareholder signs the written consent setting forth the action taken or proposed to be taken in accordance with this Section 2.8.

(e)Actions Which May Be Taken by Written Consent. Notwithstanding the foregoing, the board of directors shall not be obligated to set a record date for an action by written consent if (i) such action is not a proper subject for shareholder action, either by written consent or otherwise, under applicable law, (ii) the board of directors has called or calls for an annual or special meeting of shareholders to be held within ninety (90) days after the secretary receives the Written Request and the board of directors determines in good faith that the business of such annual or special meeting is to include (among any other matters properly to be brought before the annual or special meeting) the business specified in the Written Request, or (iii) an annual or special meeting that included the business specified in the Written Request (as determined in good faith by the board of directors) was held not more than ninety (90) days before the Written Request was received by the secretary, or (iv) the Written Request or any solicitation of consents to such action by written consent was made in a manner that involved a violation of Regulation 14A under the Exchange Act or other applicable law.

(f)Inspectors of Election. In the event of the delivery, in the manner provided by this Section 2.8 and applicable law, to the corporation of the requisite written consent or consents to take action and any related revocation or revocations, the corporation shall engage independent inspectors of election for the purpose of promptly performing a ministerial review of the validity of the consents and revocations. For the purpose of permitting the inspectors to perform such review, no action by written consent without

a meeting shall be effective until such date as the independent inspectors certify to the corporation that the consents delivered to the corporation in accordance with this Section 2.8 represent not less than the minimum number of votes necessary to take the action at a meeting at which all shareholders entitled to vote on the action are present and voting. If after such review the independent inspectors shall determine that the written consent or consents are valid and that the action specified therein has been validly authorized, that fact shall be certified in the records of the meetings of shareholders, and the written consent or consents shall be filed with such records. Nothing contained in this Section 2.8 shall in any way be construed to suggest or imply that the board of directors or any shareholder shall not be entitled to contest the validity of any consent or revocation thereof, whether before or after such certification by the independent inspectors, or to take any other action with respect thereto.

(g)Date of Written Consent; Notice to Shareholders. Every written consent shall bear the date of signature of each shareholder who signs the consent, and no written consent shall be effective to take the action set forth therein unless, within sixty (60) days of the earliest dated consent delivered in accordance with this Section 2.8, a written consent or consents signed by shareholders having the requisite votes to take such action are delivered to the secretary in the manner prescribed in this Section 2.8. The action by written consent will take effect as of the date and time of the certification of the written consents in accordance with Section 2.8(f) of these bylaws, unless otherwise provided by law.

(h)Effectiveness of Written Consent. Notwithstanding anything in these bylaws to the contrary, no action may be taken by the shareholders by less than unanimous written consent except in accordance with the articles of organization and these bylaws. If the board of directors shall determine that any request to fix a record date or to take shareholder action by written consent was not properly made in accordance with the articles of organization and these bylaws, or the shareholder or shareholders seeking to take such action do not otherwise comply with the articles of organization and these bylaws, then the board of directors shall not be required to fix a record date and any such purported action by written consent shall be null and void to the fullest extent permitted by applicable law. In addition to the requirements of the articles of organization and these bylaws with respect to shareholders seeking to take an action by written consent, any shareholder seeking to have the shareholders authorize or take corporate action by written consent shall comply with all requirements of applicable law, including all requirements of the Exchange Act, with respect to such action. Notwithstanding anything in the articles of organization or these bylaws to the contrary (i) shareholders may act without a meeting by unanimous written consent, and none of the foregoing provisions shall apply to such action, and (ii) where written consents are solicited by or at the direction of the board of directors, shareholders may act without a meeting if the action is taken by shareholders having not less than the minimum number of votes necessary to take that action at a meeting at which all shareholders entitled to vote on the action are present and voting, and none of the foregoing provisions shall apply to such action. Any action by written consent must be a proper subject for shareholder action by written consent under applicable law.

2.9.Proxies. To the extent permitted by law, shareholders entitled to vote may vote either in person or by proxy (which proxy may be authorized in writing, by telephone or by electronic means). No proxy dated more than six months before the meeting named therein shall be valid. Unless otherwise specifically limited by their terms, such proxies shall entitle the holders thereof to vote at any adjournment of such meeting but shall not be valid after the final adjournment of such meeting.

Section 3. BOARD OF DIRECTORS

3.1.Number. The number of directors shall be fixed at any time or from time to time only by the affirmative vote of a majority of the directors then in office, but shall be not less than three, except that whenever there shall be only two shareholders the number of directors shall be not less than two and

whenever there shall be only one shareholder there shall be at least one director; no decrease in the number of directors shall shorten the term of any incumbent director. No director need be a shareholder of the corporation.

3.2. Nominations for Director. Only persons who are nominated in accordance with the following procedures shall be eligible for election as directors, except as provided in the articles of organization with respect to nominations by holders of preferred stock in certain circumstances. Nominations of persons for election to the board of directors at a meeting of shareholders may be made at such meeting (a) by or at the direction of the board of directors by any nominating committee or person appointed by the board or (b) by any shareholder of record at the time of giving of notice provided for in this Section 3.2 and who shall continue to be entitled to vote thereat and who complies with the notice procedures set forth in this Section 3.2. Nominations by shareholders shall be made only after giving timely notice in writing to the secretary of the corporation. In order to be timely given, a shareholder's notice shall be delivered to or mailed and received at the principal executive offices of the corporation (a) not less than 95 nor more than 125 days prior to the anniversary date of the immediately preceding annual meeting of shareholders of the corporation or (b) in the case of a special meeting or if the annual meeting is called for a date (including any change in a date determined by the board pursuant to Section 2.1) not within 30 days before or after such anniversary date, not later than the close of business on the 10th day following the day on which notice of the date of such meeting was mailed or public disclosure of the date of such meeting was made, whichever first occurs. In no event shall any adjournment or postponement of an annual or special meeting or the public disclosure thereof commence a new time period for the giving of a shareholder's notice as described above. Such shareholder's notice to the secretary shall set forth (a) as to each person whom the shareholder proposes to nominate for election or reelection as a director, (i) the name, age, business address and residence address of the person, (ii) the principal occupation or employment of the person, (iii) the class and number of all shares of stock of the corporation, if any, which are beneficially owned by the person, (iv) any other information regarding the nominee as would be required to be included in a proxy statement or other filings required to be filed pursuant to the Proxy Rules, and (v) the consent of each nominee to serve as a director of the corporation if so elected; and (b) as to the shareholder giving the notice, (i) the name and record address of the shareholder, (ii) the class and number of all shares of stock of the corporation held of record, owned beneficially (directly or indirectly) and represented by proxy by such shareholder as of the record date for the meeting (if such date shall then have been made publicly available), as of the date of such notice, and as of each of 60 days prior to the date of such notice and one year prior to the date of such notice, (iii) a representation that the shareholder intends to appear in person or by proxy at the meeting to nominate the person or persons specified in the notice, (iv) a representation that the shareholder (and any party on whose behalf such shareholder is acting) is qualified at the time of giving such notice to have such individual serve as the nominee of such shareholder (and any party on whose behalf such shareholder is acting) if such individual is elected, accompanied by copies of any notifications or filings with, or orders or other actions by, and governmental authority which are required in order for such shareholder (and any party on whose behalf such shareholder is acting) to be so qualified, (v) a description of all arrangements or understandings between such shareholder and each nominee and any other person or persons (naming such person or persons) pursuant to which the nomination or nominations are to be made by such shareholder, (vi) a description of any Derivative Position held or beneficially held (directly or indirectly) by such shareholder with respect to stock of the corporation, (vii) a description of any proxy, contract, arrangement, understanding or relationship between such shareholder and any other person or persons (including their names and addresses) in connection with the nomination or nominations to be made by such shareholder or pursuant to which such shareholder has a right to vote any stock of the corporation, (viii) a description of any proportionate interest in stock of the corporation or Derivative Positions with respect to the corporation held, directly or indirectly, by a general or limited partnership in which such shareholder is a

general partner or, directly or indirectly, beneficially owns an interest in such a general partner, and (ix) such other information regarding such shareholder as would be required to be included in a proxy statement or other filings required to be filed pursuant to the Proxy Rules. The corporation may require any proposed nominee to furnish such other information as may reasonably be required by the corporation to determine the eligibility of such proposed nominee to serve as director. No person shall be eligible for election as a director unless nominated in accordance with the provisions set forth herein.

The chairman of the board or other presiding officer of the meeting may, if the facts warrant, determine and declare to the meeting that a nomination was not made in accordance with the foregoing procedures, and if such officer should so determine, such officer shall so declare to the meeting and the defective nomination shall be disregarded.

3.3.Powers. Except as reserved to the shareholders by law, by the articles of organization or by these bylaws, the business of the corporation shall be managed by the directors who shall have and may exercise all the powers of the corporation. In particular, and without limiting the generality of the foregoing, the directors may at any time issue all or from time to time any part of the unissued capital stock of the corporation from time to time authorized under the articles of organization and may determine, subject to any requirements of law, the consideration for which stock is to be issued and the manner of allocating such consideration between capital and surplus.

3.4.Resignation and Removal. Any director may resign at any time by delivering a resignation in writing to the board of directors, the chairman of the board or to the corporation. Such resignation shall be effective upon receipt unless specified to be effective at some other time. Any director or directors or the entire board of directors may be removed from office (a) only for Cause (as defined in Section 8.06(f)(2) of Chapter 156D of the Massachusetts General Laws) by the affirmative vote of a majority of the shares entitled to vote at an election of directors and (b) only at a shareholder meeting called for the purpose of removing the director or directors where the notice of the meeting states that such removal is the purpose or one of the purposes of the meeting. No director resigning, and (except where a right to receive compensation shall be expressly provided in a duly authorized written agreement with the corporation) no director removed, shall have the right to any compensation as such director for any period following such director's removal, or any right to damages on account of such removal, whether such director's compensation be by the month or by the year or otherwise, unless in the case of a resignation, the directors, or in case of a removal, the shareholders, shall in their discretion provide for compensation.

3.5.Vacancies. Beginning at the opening of the polls at the 2008 Annual Meeting of Shareholders, if a vacancy occurs on the board of directors, including a vacancy resulting from an increase in the number of directors: (a) the board of directors may fill the vacancy; (b) if the directors remaining in office constitute fewer than a quorum of the board, they may fill the vacancy by the affirmative vote of a majority of all the directors remaining in office; or (c) the shareholders may fill the vacancy in accordance with the procedures set forth in the articles of organization, these bylaws and Massachusetts law, as from time to time in effect.

3.6.Committees. The directors may, by vote of a majority of the directors then in office, elect from their number one or more committees and delegate to any such committee or committees some or all of the power of the directors except those which by law, by the articles of organization or by these bylaws they are prohibited from delegating. Except as the directors may otherwise determine, any such committee may make rules for the conduct of its business, but unless otherwise provided by the directors or such rules, its business shall be conducted as nearly as may be in the same manner as is provided by these bylaws for the conduct of business by the directors.

3.7.Regular Meetings. Regular meetings of the directors may be held without call or notice at such places and at such times as the directors may from time to time determine, provided that reasonable notice of the first regular meeting following any such determination shall be given to absent directors. A regular meeting of the directors may be held without call or notice immediately after and at the same place as the annual meeting of the shareholders.

3.8.Special Meetings. Special meetings of the directors may be held at any time and at any place designated in the notice of the meeting, when called by the chairman of the board, the chief executive officer, or by two or more directors, notice thereof being given to each director by the secretary or an assistant secretary, or by the officer or one of the directors calling the meeting.

3.9.Notice. A written notice of a meeting of the directors may be given to a director in person, by mail or express overnight courier addressed to a director at such director's usual or last known business or residence address, or by delivering such notice by electronic transmission directed to such director at an address given to the corporation by the director or otherwise in such manner as the director shall have specified to the corporation, including by facsimile transmission, electronic mail or posting to an electronic network. Oral notice of a meeting may be given to a director in person or by telephone. Notice of a meeting need not be given to any director if a written waiver of notice, executed by such director before or after the meeting, is filed with the records of the meeting, or to any director who attends the meeting without protesting prior thereto or at its commencement the lack of notice to such director. Neither notice of a meeting nor a waiver of a notice need specify the purposes of the meeting.

3.10.Quorum. Unless otherwise provided by law, at any meeting of the directors a majority of the directors then in office shall constitute a quorum. Any meeting may be adjourned from time to time by a majority of the votes cast upon the question, whether or not a quorum is present, and the meeting may be held as adjourned without further notice.

3.11. Action by Vote. When a quorum is present at any meeting, a majority of the directors present may take any action, except when a larger vote is required by law, by the articles of organization or by these bylaws.

3.12.Action by Writing. Unless the articles of organization otherwise provide, any action required or permitted to be taken at any meeting of the directors, including without limitation, the approval of any transaction under Section 8.31(c) of Chapter 156D of the Massachusetts General Laws, may be taken without a meeting if all the directors consent to the action in writing or by means of electronic transmission and such written consents are filed with the records of the meetings of the directors. Such consents shall be treated for all purposes as votes taken at a meeting.

3.13.    Presence Through Communications Equipment. Unless otherwise provided by law or by the articles of organization, members of the board of directors may participate in a meeting of such board by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time and participation by such means shall constitute presence in person at a meeting.

3.14.    Chairman of the Board. The chairman of the board of directors (if there be such an individual appointed) shall, except as the directors shall otherwise determine, preside at all meetings of the directors and of the shareholders. The chairman of the board shall have the duties and powers specified in these bylaws and shall have such other duties and powers as may be determined by the directors. The chairman of the board shall be a director of the corporation.

Section 4. OFFICERS AND AGENTS

4.1.Enumeration; Qualification.The officers to the corporation shall be a president, a treasurer, a secretary, and such other officers, if any, as the incorporators at their initial meeting, or the directors from time to time, may in their discretion elect or appoint. The corporation may also have such agents, if any, as the incorporators at their initial meeting, or the directors from time to time, may in their discretion appoint. Any officer may be but none need be a director or shareholder of the corporation. Any two or more offices may be held by the same person. Any officer may be required by the directors to give bond for the faithful performance of such officer's duties to the corporation in such amount and with such sureties as the directors may determine.

4.2.Powers. Subject to law, to the articles of organization and to these bylaws, each officer shall have, in addition to the duties and powers herein set forth, such duties and powers as are commonly incident to such individual's office and such duties and powers as the directors may from time to time designate.

4.3.Appointment. The president, the treasurer, the secretary and other officers, if any, may be appointed by the board of directors at any time.

4.4.Tenure. Except as otherwise provided by law, by the articles of organization or by these bylaws, each officer of the corporation shall hold office until such officer dies, resigns, is removed or becomes disqualified unless a shorter period shall have been specified by the terms of such officer's appointment. Each agent shall retain authority as an agent at the pleasure of the directors.

4.5. Resignation and Removal. Any officer may resign at any time by delivering a resignation in writing to the president, the secretary or to a meeting of the directors. Such resignation shall be effective upon receipt unless specified to be effective at some other time. The directors may remove (whether or not such individual remains in a different capacity within the corporation (either as an officer or employee)) any officer elected by them with or without cause at any time. No officer resigning, and (except where a right to receive compensation shall be expressly provided in a duly authorized written agreement with the corporation) no officer removed, shall have the right to any compensation as such officer for any period following such removal, or any right to damages on account of such removal, whether such officer's compensation be by the month or by the year or otherwise, unless the directors in their discretion provide for compensation.

4.6. Vacancies. If the office of any officer becomes vacant, the directors may elect or appoint a successor by vote of a majority of the directors present. Each such successor shall hold office until such individual's successor is chosen and qualified, or in each case until the successor sooner dies, resigns, is removed (whether or not such individual remains in a different capacity within the corporation (either as an officer or an employee)) or becomes disqualified.

4.7.Chief Executive Officer. The chief executive officer of the corporation shall, subject to the control of the directors, have general charge and supervision of the business of the corporation and, if the chairman of the board is unable to do so pursuant to Section 3.14, preside at all meetings of the shareholders and of the directors, unless the board of directors shall otherwise determine. Except as the directors may otherwise determine, the president shall be the chief executive officer.

4.8.President and Vice Presidents. The president shall have the duties and powers specified in these bylaws and shall have such other duties and powers as may be determined by the directors.

Any vice presidents shall have such duties and powers as shall be designated from time to time by the directors.

4.9.Treasurer and Assistant Treasurers. The treasurer shall have the duties and powers specified in these bylaws and shall have such other duties and powers as may be designated from time to time by the directors.

Any assistant treasurers shall have such duties and powers as shall be designated from time to time by the directors.

4.10.Secretary and Assistant Secretaries. The secretary shall record all proceedings of the shareholders in a book or series of books to be kept therefor, which book or books shall be kept at the principal office of the corporation or at the office of its transfer agent or of its secretary and shall be open at all reasonable times to the inspection of any shareholder. In the absence of the secretary from any meeting of shareholders, an assistant secretary, or if there be none or such assistant secretary is absent, a temporary secretary chosen at the meeting, shall record the proceedings thereof in the aforesaid book. Unless a transfer agent has been appointed, the secretary shall keep or cause to be kept the stock and transfer records of the corporation, which shall contain the names and record addresses of all shareholders and the amount of stock held by each. The secretary shall keep a true record of the proceedings of all meetings of the directors and in the secretary's absence from any such meeting an assistant secretary, or if there be none or such assistant secretary is absent, a temporary secretary chosen at the meeting, shall record the proceedings thereof. The secretary shall also have such other duties and powers as may be designated from time to time by the directors.

Any assistant secretary shall have such other duties and powers as shall be designated from time to time by the directors.

The secretary shall also serve and may be referred to as the clerk of the corporation and each assistant secretary shall also serve and may be referred to as an assistant clerk of the corporation.

Section 5. CAPITAL STOCK

5.1.Number and Par Value. The total number of shares and the par value, if any, of each class of stock which the corporation is authorized to issue shall be as stated in the articles of organization.

5.2.Stock Certificates. Each shareholder shall be entitled to a certificate stating the number and the class and the designation of the series, if any, of the shares held by such shareholder, in such form as shall, in conformity to law, be prescribed from time to time by the directors. Such certificate shall be signed by the president or a vice president and by the treasurer or an assistant treasurer. Such signatures may be facsimiles. In case any officer who has signed or whose facsimile signature has been placed on such certificate shall have ceased to be such officer before such certificate is issued, it may be issued by the corporation with the same effect as if such individual were such officer at the time of its issue.

5.3.Loss of Certificates. In the case of the alleged loss or destruction or the mutilation of a certificate of stock, a duplicate certificate may be issued in place thereof, upon such conditions as the directors may prescribe.

Section 6. TRANSFER OF SHARES OF STOCK

6.1.Transfer on Books. Subject to the restrictions, if any, stated or noted on the stock certificates, shares of stock may be transferred on the books of the corporation by the surrender to the corporation or its transfer agent of the certificate therefor properly endorsed or accompanied by a written assignment and power of attorney properly executed, with necessary transfer stamps affixed, and with such proof of the authenticity of signature as the directors or the transfer agent of the corporation may reasonably require. Except as may otherwise be required by law, by the articles of organization or by these bylaws, the corporation shall be entitled to treat the record holder of stock as shown on its books as the owner of such stock for all purposes, including the payment of dividends and the right to receive notice and to vote with respect thereto, regardless of any transfer, pledge or other disposition of such stock until the shares have been transferred on the books of the corporation in accordance with the requirements of these bylaws. It shall be the duty of each shareholder to notify the corporation of such shareholder's address.

6.2.Record Date and Closing Transfer Books. The directors may fix in advance a time, which shall not be more than 70 days before the date of any meeting of shareholders or the date for the payment of any dividend or making of any distribution to shareholders or the last day on which the consent or dissent of shareholders may be effectively expressed for any purpose, as the record date for determining the shareholders having the right to notice of and to vote at such meeting and any adjournment thereof or the right to receive such dividend or distribution or the right to give such consent or dissent, and in such case only shareholders of record on such record date shall have such right, notwithstanding any transfer of stock on the books of the corporation after the record date; or without fixing such record date the directors may for any of such purposes close the transfer books for all or any part of such period. If no record date is fixed and the transfer books are not closed:

(1) The record date for determining shareholders having the right to notice of and to vote at a meeting of shareholders shall be at the close of business on the date next preceding the date on which notice is given; and

(2) The record date for determining shareholders for any other purpose shall be at the close of business on the day on which the board of directors acts with respect thereto.

Section 7. INDEMNIFICATION OF DIRECTORS AND OFFICERS

The corporation shall, to the extent legally permissible, indemnify each of its directors and officers (including persons who act at its request as directors, officers or trustees of another organization or in any capacity with respect to any employee benefit plan) against all liabilities and expenses, including amounts paid in satisfaction of judgments, in compromise or as fines and penalties, and counsel fees, reasonably incurred by such director or officer in connection with the defense or disposition of any action, suit or other proceeding, whether civil or criminal, in which such director or officer may be involved or with which such director or officer may be threatened, while in office or thereafter, by reason of such individual being or having been such a director or officer, except with respect to any matter as to which such director or officer shall have been adjudicated in any proceeding not to have acted in good faith in the reasonable belief that such individual's action was in the best interests of the corporation (any person serving another organization in one or more of the indicated capacities at the request of the corporation who shall have acted in good faith in the reasonable belief that such individual's action was in the best interests of such other organization to be deemed as having acted in such manner with respect to the corporation) or, to the extent that such matter relates to service with respect to any employee benefit plan, in the best interests of the participants or beneficiaries of such employee benefit plan; provided, however,

that as to any matter disposed of by a compromise payment by such director or officer, pursuant to a consent decree or otherwise, no indemnification either for said payment or for any other expenses shall be provided unless such compromise shall be approved as in the best interests of the corporation, after notice that it involves such indemnification: (a) by a disinterested majority of the directors then in office; or (b) by a majority of the disinterested directors then in office, provided that there has been obtained an opinion in writing of independent legal counsel to the effect that such director or officer appears to have acted in good faith in the reasonable belief that such individual's action was in the best interests of the corporation; or (c) by the holders of a majority of the outstanding stock at the time entitled to vote for directors, voting as a single class, exclusive of any stock owned by any interested director or officer. Expenses, including counsel fees, reasonably incurred by any director or officer in connection with the defense or disposition of any such action, suit or other proceeding may be paid from time to time by the corporation in advance of the final disposition thereof upon receipt of an undertaking by such director or officer to repay to the corporation the amounts so paid by the corporation if it is ultimately determined that indemnification for such expenses is not authorized under this Section 7. The right of indemnification hereby provided shall not be exclusive of or affect any other rights to which any director or officer may be entitled. As used in this Section, the terms, "director" and "officer" include their respective heirs, executors and administrators, and an "interested" director or officer is one against whom in such capacity the proceedings in question or another proceeding on the same or similar grounds is then pending. Nothing contained in this Section shall affect any rights to indemnification to which corporate personnel other than directors or officers may be entitled by contract or otherwise under law.

Section 8. CORPORATE SEAL

The seal of the corporation shall, subject to alteration by the directors, consist of a flat-faced circular die with the word "Massachusetts", together with the name of the corporation and the year of its organization, cut or engraved thereon.

Section 9. EXECUTION OF PAPERS

Except as the directors may generally or in particular cases authorize the execution thereof in some other manner, all deeds, leases, transfers, contracts, bonds, notes, checks, drafts and other obligations made, accepted or endorsed by the corporation shall be signed by the president or by one of the vice presidents or by the treasurer.

Section 10. FISCAL YEAR

The fiscal year of the corporation shall end on December 31.

Section 11. AMENDMENTS

These bylaws may be altered, amended or repealed at any annual or special meeting of the shareholders called for the purpose, of which the notice shall specify the subject matter of the proposed alteration, amendment or repeal or the sections to be affected thereby, by vote of the shareholders. These bylaws may also be altered, amended or repealed by vote of a majority of the directors then in office, except that the directors shall not take any action which provides for indemnification of directors nor any action to amend this Section 11, and except that the directors shall not take any action unless permitted by law.

Any bylaw so altered, amended or repealed by the directors may be further altered or amended or reinstated by the shareholders in the above manner.

Section 12. MASSACHUSETTS CONTROL SHARE ACQUISITIONS ACT

The provisions of Chapter 110D shall not apply to control share acquisitions of the corporation.

If the provisions of Chapter 110D shall become applicable to control share acquisitions of the corporation through amendment of these bylaws or otherwise, the following provisions shall apply:

(a) The corporation is authorized to redeem shares acquired in a control share acquisition to the extent and in accordance with the procedures specified in Section 6 of Chapter 110D and in this Section.

(b) The additional procedures for redemption specified in this Section are as follows:

(i) Fair value shall be determined by the board of directors or a committee of the board of directors of the corporation, and the amount so determined shall be included in the notice of redemption given by the corporation pursuant to Section 6 of Chapter 110D.

(ii) The person whose shares are being redeemed (the "Holder") may within ten days after the date of the notice of redemption advise the corporation in writing that the Holder believes that the value so determined is not fair, and in such event the corporation shall, within the 30-day period following its receipt of the Holder's notice, permit the Holder to submit such written and oral evidence of value as the Holder may wish and the board of directors or committee considers appropriate. The board of directors or committee shall affirm or revise its determination of fair value within fifteen days after the completion of the 30-day period, and shall promptly advise the Holder in writing of its decision.

(iii) The notice of redemption shall specify a redemption date, which shall be 30 days after the date of the notice (or the first business day after the 30-day period), and a redemption office, which shall be the principal office of the corporation or an office of a commercial bank specified by the corporation in the notice. The redemption date so fixed shall not be deferred by a request of the Holder for a redetermination of fair value. The Holder shall cause the certificate or certificates representing the shares being redeemed to be delivered to the redemption office not later than the redemption date, duly endorsed or assigned for transfer, with signature guaranteed, if such an endorsement or assignment is required in the notice of redemption.

(iv) The certificate or certificates representing the shares being redeemed having been deposited in accordance with item (iii) above, the redemption price shall be paid by the corporation on the redemption date specified in its notice of redemption or such later date as the redemption price may be determined if the Holder has duly requested a redetermination of fair value.

(v) Notice of redemption having been given, from and after the redemption date the shares being redeemed shall no longer be deemed to be outstanding, and all rights of the holder or holders thereof as a shareholder or shareholders of the corporation shall cease, except the right to receive the redemption price. If the corporation shall default in payment of the redemption price, interest shall accrue thereon from the date of default at the base or prime rate of the corporation's principal lending bank or

if none, the base or prime rate of Fleet Bank or its successor, as in effect from time to time during the period of default.

(vi) Notice given by the corporation by first class mail or delivered in person on the basis of a good faith determination by the corporation of the identity and address of the person who had made a control share acquisition shall be deemed to have been duly given.

(vii) Any person who makes a control share acquisition of the corporation shall be deemed to have consented to and shall be bound by the provisions of this Section and shall indemnify and hold the corporation harmless from and against any damage, loss or expense which the corporation may suffer as a result of any non-compliance with the provisions of this Section.

References in this Section to Chapter 110D mean Chapter 110D of the Massachusetts General Laws as in effect from time to time.

Section 13. MASSACHUSETTS BUSINESS COMBINATION ACT

The provisions of Chapter 110F of the Massachusetts General Laws shall not apply to "business combinations" (as defined therein) involving the corporation.

EX-31.1

Exhibit 31.1

PRINCIPAL EXECUTIVE OFFICER CERTIFICATION

I, Joseph M. Tucci, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of EMC Corporation (“the 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 control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

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

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

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

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

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

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

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

Date: May 3, 2013 /s/ Joseph M. Tucci            

Joseph M. Tucci

Chairman and Chief Executive Officer

EX-31.2

Exhibit 31.2

PRINCIPAL FINANCIAL OFFICER CERTIFICATION

I, David I. Goulden, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of EMC Corporation (“the 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 control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

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

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

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

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

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

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

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

Date: May 3, 2013 /s/ David I. Goulden            

David I. Goulden

President, Chief Operating Officer and Chief

Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Joseph M. Tucci, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Quarterly Report on Form 10-Q of EMC Corporation for the quarter ended March 31, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of EMC Corporation.

/s/ Joseph M. Tucci            

Joseph M. Tucci

Chairman and Chief Executive Officer

May 3, 2013

This certification accompanies this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section. This certification shall not be deemed incorporated by reference in any filing under the Securities Act or Exchange Act, except to the extent that the Company specifically incorporates it by reference.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, David I. Goulden, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Quarterly Report on Form 10-Q of EMC Corporation for the quarter ended March 31, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of EMC Corporation.

/s/ David I. Goulden            

David I. Goulden

President, Chief Operating Officer and Chief

Financial Officer

May 3, 2013

This certification accompanies this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section. This certification shall not be deemed incorporated by reference in any filing under the Securities Act or Exchange Act, except to the extent that the Company specifically incorporates it by reference.

XML

Effect of Changes in Ownership Interest in VMware on Equity (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Noncontrolling Interest [Abstract]
Net income attributable to EMC Corporation	$ 580,050	$ 586,842
Transfers (to) from the non-controlling interest in VMware, Inc.:
Increase in EMC Corporation’s additional paid-in-capital for VMware’s equity issuances	35,777	61,261
Decrease in EMC Corporation’s additional paid-in-capital for VMware’s other equity activity	(167,753)	(42,270)
Net transfers (to) from non-controlling interest	(131,976)	18,991
Change from net income attributable to EMC Corporation and transfers from the non-controlling interest in VMware, Inc.	$ 448,074	$ 605,833

XML

Accounts and Notes Receivable and Allowance for Credit Losses - Additional Information (Detail) (USD $)			3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2013 Future Period
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross lease receivables	$ 212,394,000	$ 328,800,000
Sales of leases to third parties without recourse			$ 35,700,000

XML

Changes In Fair Value of Level 3 Financial Assets (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
LenovoEMC
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of the period	$ 32,745	$ 0
Realized gain (loss) included in other income (expense)	481	0
Balance, end of the period	33,226	0
Auction Rate Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of the period	70,180	74,687
Calls at par value	(580)	(219)
Other than Temporary Impairment Losses, Investments	(889)	0
(Increase) decrease in previously recognized unrealized losses included in other comprehensive income	(464)	4,026
Balance, end of the period	$ 68,247	$ 78,494

XML

Subsequent Events (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended					1 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Apr. 24, 2013 EMC Information Infrastructure Pivotal	Apr. 24, 2013 VMware Pivotal	Apr. 24, 2013 EMC Pivotal	Apr. 30, 2013 Limited Partner Pivotal	Apr. 24, 2013 Limited Partner Pivotal
Subsequent Event [Line Items]
Payments to Acquire Interest	$ 94,737	$ 0				$ 105,000
Ownership Interest Percentage			62.00%	28.00%	84.00%		10.00%

XML

Components of Property, Plant and Equipment (Detail) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 7,898,920,000	$ 7,732,847,000
Accumulated depreciation	(4,728,753,000)	(4,588,299,000)
Property, plant and equipment, net	3,170,167,000	3,144,548,000
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	203,983,000	197,429,000
Assets Held For Future Use [Member]
Property, Plant and Equipment [Line Items]
Construction in Progress, Gross	73,600,000
Computer Equipment and Capitalized Software [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	5,442,443,000	5,345,314,000
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,898,946,000	1,872,559,000
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	120,656,000	120,654,000
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 232,892,000	$ 196,891,000

XML

Fair Value Hierarchy For Financial Assets And Liabilities Measured At Fair Value (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	$ 12,008,060	$ 11,395,728
Investment in joint venture, fair value	33,226	32,745
Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	68,247	70,086
Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	5,844,099	5,522,215
Investment in joint venture, fair value	0	0
Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	6,095,714	5,803,427
Investment in joint venture, fair value	0	0
Convertible Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible debt	(2,534,038)	(2,665,690)
Convertible Debt | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible debt
Convertible Debt | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible debt	(2,534,038)	(2,665,690)
Convertible Debt | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible debt
Private Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	325,437	351,855
Private Equity Securities [Member] | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	325,437	351,855
Private Equity Securities [Member] | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Private Equity Securities [Member] | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Publicly Traded Equity Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	110,071	86,482
Publicly Traded Equity Securities | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Publicly Traded Equity Securities | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Publicly Traded Equity Securities | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	110,071	86,482
Foreign Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	1,415,463	1,273,023
Foreign Debt Securities | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Foreign Debt Securities | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	1,415,463	1,273,023
Foreign Debt Securities | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Auction Rate Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	68,247	70,086
Auction Rate Securities | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	68,247	70,086
Auction Rate Securities | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Auction Rate Securities | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Municipal Obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	971,293	1,022,889
Municipal Obligations | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Municipal Obligations | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	971,293	1,022,889
Municipal Obligations | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Asset-backed Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	3,730	2,117
Asset-backed Securities | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Asset-backed Securities | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	3,730	2,117
Asset-backed Securities | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
High Yield Corporate Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	529,059	510,412
High Yield Corporate Debt Securities | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
High Yield Corporate Debt Securities | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	529,059	510,412
High Yield Corporate Debt Securities | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
US Corporate Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	1,520,806	1,480,450
US Corporate Debt Securities | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
US Corporate Debt Securities | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	1,520,806	1,480,450
US Corporate Debt Securities | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
US Government Agencies Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	2,085,086	2,196,209
US Government Agencies Debt Securities | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
US Government Agencies Debt Securities | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	947,477	871,290
US Government Agencies Debt Securities | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	1,137,609	1,324,919
Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign exchange derivative assets	22,261	30,189
Foreign exchange derivative liabilities	(40,403)	(34,590)
Foreign Exchange Contract | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign exchange derivative assets
Foreign exchange derivative liabilities
Foreign Exchange Contract | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign exchange derivative assets	22,261	30,189
Foreign exchange derivative liabilities	(40,403)	(34,590)
Foreign Exchange Contract | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign exchange derivative assets
Foreign exchange derivative liabilities
Commodity Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivative liabilities	75	(588)
Commodity Contract | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivative liabilities
Commodity Contract | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivative liabilities	75	(588)
Commodity Contract | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivative liabilities
Cash Equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	3,682,131	3,260,217
Cash Equivalents | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Cash Equivalents | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	456,271	362,034
Cash Equivalents | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	3,225,860	2,898,183
Cash
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	1,622,174	1,493,843
Cash | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Cash | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments
Cash | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	$ 1,622,174	$ 1,493,843

XML

Accrued Expenses (Tables)

3 Months Ended

Mar. 31, 2013

Payables and Accruals [Abstract]

Components of Accrued Expenses

Accrued expenses consist of (table in thousands):

	March 31, 2013		December 31, 2012
Salaries and benefits	$	876,798	$	1,018,289
Product warranties	282,573		277,862
Partner rebates	156,707		187,413
Restructuring, current (See Note 13)	130,281		75,567
Derivatives	41,812		40,279
Other	909,654		922,649
	$	2,397,825	$	2,522,059

Activity in Warranty Accrual for Product Warranty

The following represents the activity in our warranty accrual for the three months ended March 31, 2013 and 2012 (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Balance, beginning of the period	$	277,862		$	254,554
Provision	44,628			48,253
Amounts charged to the accrual	(39,917		)	(39,626		)
Balance, end of the period	$	282,573		$	263,181

XML

Components of Accrued Expenses (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011
Payables and Accruals [Abstract]
Salaries and benefits	$ 876,798	$ 1,018,289
Product warranties	282,573	277,862	263,181	254,554
Partner rebates	156,707	187,413
Restructuring, current (see Note 13)	130,281	75,567
Derivatives	41,812	40,279
Other	909,654	922,649
Accrued Liabilities, Current, Total	$ 2,397,825	$ 2,522,059

XML

Basis of Presentation Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Nature of Operations [Policy Text Block]

Company

EMC Corporation (“EMC”) and its subsidiaries develop, deliver and support the Information Technology (“IT”) industry’s broadest range of information infrastructure and virtual infrastructure technologies, solutions and services.

EMC’s Information Infrastructure business provides a foundation for organizations to store, manage, protect, analyze and secure their vast and ever-increasing quantities of information, improve business agility, lower cost of ownership and enhance their competitive advantage within traditional data centers, virtual data centers and cloud-based IT infrastructures. EMC’s Information Infrastructure business comprises three segments – Information Storage, RSA Information Security and Information Intelligence Group.

EMC’s VMware Virtual Infrastructure business, which is represented by EMC’s majority equity stake in VMware, Inc. (“VMware”), is the leader in virtualization infrastructure solutions utilized by organizations to help them transform the way they build, deliver and consume IT resources. VMware’s virtualization infrastructure solutions, which include a suite of products designed to deliver a software-defined data center, run on industry-standard desktop computers and servers and support a wide range of operating system and application environments, as well as networking and storage infrastructures.

General

General

The accompanying interim consolidated financial statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. These consolidated financial statements include the accounts of EMC, its wholly owned subsidiaries and VMware, a company majority-owned by EMC. All intercompany transactions have been eliminated.

Certain information and footnote disclosures normally included in our annual consolidated financial statements have been condensed or omitted. Accordingly, these interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2012 which are contained in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2013.

The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for any future period or the entire fiscal year. The interim consolidated financial statements, in the opinion of management, reflect all adjustments necessary to fairly state the results as of and for the three-month periods ended March 31, 2013 and 2012.

Net Income Per Share

Net Income Per Share

Basic net income per weighted average share has been computed using the weighted average number of shares of common stock outstanding during the period. Diluted net income per weighted average share is computed using the weighted average number of common and dilutive common equivalent shares outstanding during the period. Common equivalent shares consist of stock options, restricted stock and restricted stock units, our $1.725 billion1.75% convertible senior notes due 2013 and associated warrants. Additionally, for purposes of calculating diluted net income per weighted average share, net income is adjusted for the difference between VMware’s reported diluted and basic net income per weighted average share, if any, multiplied by the number of shares of VMware held by EMC.

Adjustments for Immaterial Prior Period Accounting Error

Reclassifications and Adjustments

Certain prior year amounts have been reclassified to conform with the current year's presentation.

As discussed in Note A to the consolidated financial statements on Form 10-K for the year ended December 31, 2012, we have reflected the correction of an immaterial prior period accounting error identified in the second quarter of 2012 in the statement of shareholders' equity for the three months ended March 31, 2012. The error resulted in an overstatement of our deferred tax liability and an understatement of our additional paid-in capital of $370.6 million at March 31, 2012 which have been revised in these financial statements.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued new guidance which requires companies to present information about reclassification adjustments from accumulated other comprehensive income in their financial statements or footnotes. The adoption of this new accounting guidance in the first quarter of 2013 did not have a material impact on our consolidated financial position, results of operations or cash flows.

In December 2011, the FASB issued guidance enhancing disclosure requirements about the nature of an entity's right to offset and related arrangements associated with its financial instruments and derivative instruments. The guidance requires the disclosure of the gross amounts subject to rights of set-off, amounts offset in accordance with the accounting standards followed, and the related net exposure. In January 2013, the FASB clarified that the scope of this guidance applies to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement, or similar agreements. The adoption of this new accounting guidance in the first quarter of 2013 did not have a material impact on our consolidated financial position, results of operations or cash flows. 

In March 2013, the FASB issued guidance that requires a parent company to release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. This new guidance is effective beginning after December 15, 2013.  We do not anticipate that the adoption of this new guidance will have a material impact on our consolidated financial position, results of operations or cash flows.

XML

Fair Value of Financial Assets and Liabilities Contractual Maturities of Investments (Detail) (Debt Securities, USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Debt Securities
Amortized Cost Basis
Due within one year	$ 1,220,229
Due after 1 year through 5 years	4,423,210
Due after 5 years through 10 years	484,206
Due after 10 years	409,321
Available For Sale Securities Amortized Cost	6,536,966	6,534,797
Aggregate Fair Value
Due within one year	1,223,463
Due after 1 year through 5 years	4,450,632
Due after 5 years through 10 years	511,333
Due after 10 years	408,256
Available For Sale Securities Fair Value	$ 6,593,684	$ 6,595,090

XML

Business Combinations, Intangibles and Goodwill - Goodwill (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Goodwill [Roll Forward]
Balance, beginning of the period	$ 13,839,700	$ 12,154,970
Goodwill resulting from acquisitions	162,334	1,724,027
Tax deduction from exercise of stock options		(100)
Finalization of purchase price allocations	(8,122)	(10,003)
Goodwill derecognized in divestiture of business		(29,194)
Balance, end of the period	13,993,912	13,839,700
Information Storage
Goodwill [Roll Forward]
Balance, beginning of the period	7,441,351	7,033,965
Goodwill resulting from acquisitions	0	437,868
Tax deduction from exercise of stock options		(7)
Finalization of purchase price allocations	270	(1,281)
Goodwill derecognized in divestiture of business		(29,194)
Balance, end of the period	7,441,621	7,441,351
Information Intelligence Group
Goodwill [Roll Forward]
Balance, beginning of the period	1,484,220	1,469,216
Goodwill resulting from acquisitions	0	15,097
Tax deduction from exercise of stock options		(93)
Finalization of purchase price allocations	6	0
Goodwill derecognized in divestiture of business		0
Balance, end of the period	1,484,226	1,484,220
RSA Information Security
Goodwill [Roll Forward]
Balance, beginning of the period	2,022,406	1,849,116
Goodwill resulting from acquisitions	0	179,389
Tax deduction from exercise of stock options		0
Finalization of purchase price allocations	(1,003)	(6,099)
Goodwill derecognized in divestiture of business		0
Balance, end of the period	2,021,403	2,022,406
VMware Virtual Infrastructure Within EMC
Goodwill [Roll Forward]
Balance, beginning of the period	2,891,723	1,802,673
Goodwill resulting from acquisitions	162,334	1,091,673
Tax deduction from exercise of stock options		0
Finalization of purchase price allocations	(7,395)	(2,623)
Goodwill derecognized in divestiture of business		0
Balance, end of the period	$ 3,046,662	$ 2,891,723

XML

Basis of Presentation - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2013 Convertible Senior Notes 2013	Nov. 13, 2006 Convertible Senior Notes 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prior Period Reclassification Adjustment	$ 370.6
Debt Instrument [Line Items]
Convertible senior notes included in calculation of net income per share		$ 1,725	$ 1,725
Convertible senior notes interest rate		1.75%	1.75%

XML

Contractual Amounts Due under Leases (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Receivables [Abstract]
Due within one year	$ 91,116
Due within two years	64,952
Due within three years	55,644
Thereafter	682
Total	212,394	328,800
Less amounts representing interest	(6,681)
Present value	205,713
Current portion (included in accounts and notes receivable)	89,050
Long-term portion (included in other assets, net)	$ 116,663

XML

Segment Information - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2013 Country	Dec. 31, 2012 Country
Segment Reporting Information [Line Items]
Number of broad categories	2
EMC Information Infrastructure
Segment Reporting Information [Line Items]
Number of operating segments	3
United States
Segment Reporting Information [Line Items]
Long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets	4,067.1	3,993.6
International Segment
Segment Reporting Information [Line Items]
Long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets	706.4	697.9
Geographic Concentration | Sales Revenue, Segment
Segment Reporting Information [Line Items]
Number of countries other than the US that accounted for 10% or more	0	0
Geographic Concentration | Long-lived Assets, Total
Segment Reporting Information [Line Items]
Number of countries other than the US that accounted for 10% or more	0	0

XML

Stockholders' Equity - Additional Information (Detail) (USD $) Share data in Millions, unless otherwise specified	1 Months Ended	3 Months Ended		60 Months Ended				3 Months Ended	1 Months Ended
	Feb. 27, 2013	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Dec. 31, 2012	Dec. 31, 2008	Nov. 30, 2006	Mar. 31, 2013 Scenario, Forecast	Nov. 30, 2006 Sold Warrants
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ (241,971,000)		$ (241,971,000)	$ (208,273,000)
Sold warrants to acquire shares of our common stock									215
Sold warrants to acquire shares of our common stock, exercise price per share							19.55
Common stock excluded from calculation of diluted earnings per share		3.1	4.6
Repurchases of Common Stock, shares authorized to repurchase						250.0
Total Repurchases of Common Stock, shares		12.6		235.5
Total Repurchases of Common Stock		308,000,000		4,700,000,000
Shares authorized for future repurchases		14.5		14.5
Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased	250.0
Plan to spend for the year on common stock repurchases								$ 1,000,000,000

XML

Fair Value of Financial Assets and Liabilities - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2013 Security	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of Auction Rate Securities With Underlying Loans Which Have No Guarantees	2
Investment Holding Period	5 years
Auction rate securities that have partial guarantees by the U.S. government, market value	$ 16,000,000
Discount rate used to estimate fair value of investments	1.00%
The rate used for the discount margin to determine the estimated fair value of investment in auction rate securities	1.00%
Percentage of Loans Guaranteed	95.00%
Short term investment	1,223,463,000	1,421,710,000
Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Coupon rate used to estimate fair value of invesments - Start Range	0.00%
Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Coupon rate used to estimate fair value of invesments - End Range	5.00%
US Government Agencies Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	2,085,086,000	2,200,215,000
US Corporate Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	1,520,806,000	1,489,706,000
High Yield Corporate Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	529,059,000	519,222,000
Municipal Obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	971,293,000	1,034,787,000
Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	6,593,684,000	6,595,090,000
Foreign Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	1,415,463,000	1,278,862,000
Average credit rating	A+
Foreign Sovereign Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Average credit rating	AA+
Percentage of Available For Sale Securities Debt Securities	5.00%
Auction Rate Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	$ 68,247,000	$ 70,180,000
Average credit rating	AA
LenovoEMC
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Discount rate used to estimate fair value of investments	6.00%

XML

Basis of Presentation

3 Months Ended

Mar. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

Company

EMC Corporation (“EMC”) and its subsidiaries develop, deliver and support the Information Technology (“IT”) industry’s broadest range of information infrastructure and virtual infrastructure technologies, solutions and services.

EMC’s Information Infrastructure business provides a foundation for organizations to store, manage, protect, analyze and secure their vast and ever-increasing quantities of information, improve business agility, lower cost of ownership and enhance their competitive advantage within traditional data centers, virtual data centers and cloud-based IT infrastructures. EMC’s Information Infrastructure business comprises three segments – Information Storage, RSA Information Security and Information Intelligence Group.

EMC’s VMware Virtual Infrastructure business, which is represented by EMC’s majority equity stake in VMware, Inc. (“VMware”), is the leader in virtualization infrastructure solutions utilized by organizations to help them transform the way they build, deliver and consume IT resources. VMware’s virtualization infrastructure solutions, which include a suite of products designed to deliver a software-defined data center, run on industry-standard desktop computers and servers and support a wide range of operating system and application environments, as well as networking and storage infrastructures.

General

The accompanying interim consolidated financial statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. These consolidated financial statements include the accounts of EMC, its wholly owned subsidiaries and VMware, a company majority-owned by EMC. All intercompany transactions have been eliminated.

Certain information and footnote disclosures normally included in our annual consolidated financial statements have been condensed or omitted. Accordingly, these interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2012 which are contained in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2013.

The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for any future period or the entire fiscal year. The interim consolidated financial statements, in the opinion of management, reflect all adjustments necessary to fairly state the results as of and for the three-month periods ended March 31, 2013 and 2012.

Net Income Per Share

Basic net income per weighted average share has been computed using the weighted average number of shares of common stock outstanding during the period. Diluted net income per weighted average share is computed using the weighted average number of common and dilutive common equivalent shares outstanding during the period. Common equivalent shares consist of stock options, restricted stock and restricted stock units, our $1.725 billion1.75% convertible senior notes due 2013 and associated warrants. Additionally, for purposes of calculating diluted net income per weighted average share, net income is adjusted for the difference between VMware’s reported diluted and basic net income per weighted average share, if any, multiplied by the number of shares of VMware held by EMC.

Reclassifications and Adjustments

Certain prior year amounts have been reclassified to conform with the current year's presentation.

As discussed in Note A to the consolidated financial statements on Form 10-K for the year ended December 31, 2012, we have reflected the correction of an immaterial prior period accounting error identified in the second quarter of 2012 in the statement of shareholders' equity for the three months ended March 31, 2012. The error resulted in an overstatement of our deferred tax liability and an understatement of our additional paid-in capital of $370.6 million at March 31, 2012 which have been revised in these financial statements.

Recent Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued new guidance which requires companies to present information about reclassification adjustments from accumulated other comprehensive income in their financial statements or footnotes. The adoption of this new accounting guidance in the first quarter of 2013 did not have a material impact on our consolidated financial position, results of operations or cash flows.

In December 2011, the FASB issued guidance enhancing disclosure requirements about the nature of an entity's right to offset and related arrangements associated with its financial instruments and derivative instruments. The guidance requires the disclosure of the gross amounts subject to rights of set-off, amounts offset in accordance with the accounting standards followed, and the related net exposure. In January 2013, the FASB clarified that the scope of this guidance applies to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement, or similar agreements. The adoption of this new accounting guidance in the first quarter of 2013 did not have a material impact on our consolidated financial position, results of operations or cash flows. 

In March 2013, the FASB issued guidance that requires a parent company to release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. This new guidance is effective beginning after December 15, 2013.  We do not anticipate that the adoption of this new guidance will have a material impact on our consolidated financial position, results of operations or cash flows.

XML

Accumulated Other Comprehensive Loss, Net of Tax (Detail) (USD $)	3 Months Ended			3 Months Ended		3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012	Mar. 31, 2013 Accumulated Translation Adjustment	Dec. 31, 2012 Accumulated Translation Adjustment	Mar. 31, 2013 Accumulated Net Unrealized Investment Gain (Loss)	Dec. 31, 2012 Accumulated Net Unrealized Investment Gain (Loss)	Mar. 31, 2013 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Dec. 31, 2012 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Mar. 31, 2013 Accumulated Defined Benefit Plans Adjustment	Dec. 31, 2012 Accumulated Defined Benefit Plans Adjustment	Mar. 31, 2013 Non-controlling Interest in VMware	Dec. 31, 2012 Non-controlling Interest in VMware
Accumulated other comprehensive income (loss) [Line Items]
Taxes (benefits) related to unrealized net gains (losses) in accumulated other comprehensive income	$ 76,060,000	$ 190,910,000				$ 36,000,000	$ 36,600,000	$ (66,900,000)	$ (67,200,000)	$ (87,300,000)	$ (87,300,000)
Accumulated other comprehensive loss, net	(241,971,000)		(208,273,000)	(39,991,000)	(8,786,000)	60,443,000	63,485,000	(108,153,000)	(108,645,000)	(153,172,000)	(153,172,000)	(1,098,000)	(1,155,000)
Other comprehensive income before reclassifications	(24,563,000)			(31,205,000)		719,000		5,866,000		0		57,000
Net losses (gains) reclassified from accumulated other comprehensive income	(9,135,000)			0		(3,761,000)		(5,374,000)		0		0
Net current period other comprehensive income	$ (33,698,000)			$ (31,205,000)		$ (3,042,000)		$ 492,000		$ 0		$ 57,000

XML

Key Components of Convertible Debt (Detail) (Convertible Senior Notes 2011 and 2013, USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Convertible Senior Notes 2011 and 2013
Debt Instrument [Line Items]
Contractual interest expense on the coupon	$ 7,460	$ 7,523
Amortization of the discount component recognized as interest expense	15,578	14,700
Total interest expense on the convertible debt	$ 23,038	$ 22,223

XML

Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Composition of Investments

The following tables summarize the composition of our short- and long-term investments at March 31, 2013 and December 31, 2012 (tables in thousands):

	March 31, 2013
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	2,077,989	$	8,548	$	(1,451	)	$	2,085,086
U.S. corporate debt securities	1,512,318		8,924		(436		)	1,520,806
High yield corporate debt securities	496,222		33,603		(766		)	529,059
Asset-backed securities	3,731		3		(4		)	3,730
Municipal obligations	966,539		4,799		(45		)	971,293
Auction rate securities	72,076		—		(3,829		)	68,247
Foreign debt securities	1,408,091		8,092		(720		)	1,415,463
Total fixed income securities	6,536,966		63,969		(7,251		)	6,593,684
Publicly traded equity securities	70,374		40,313		(616		)	110,071
Total	$	6,607,340	$	104,282	$	(7,867	)	$	6,703,755

	December 31, 2012
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	2,190,957	$	10,225	$	(967	)	$	2,200,215
U.S. corporate debt securities	1,480,026		10,189		(509		)	1,489,706
High yield corporate debt securities	485,799		34,223		(800		)	519,222
Asset-backed securities	2,115		3		—			2,118
Municipal obligations	1,032,320		3,007		(540		)	1,034,787
Auction rate securities	73,545		—		(3,365		)	70,180
Foreign debt securities	1,270,035		9,082		(255		)	1,278,862
Total fixed income securities	6,534,797		66,729		(6,436		)	6,595,090
Publicly traded equity securities	46,665		40,548		(731		)	86,482
Total	$	6,581,462	$	107,277	$	(7,167	)	$	6,681,572

Fair Value Hierarchy For Financial Assets And Liabilities Measured At Fair Value

The following tables represent our fair value hierarchy for our financial assets and liabilities measured at fair value as of March 31, 2013 and December 31, 2012 (in thousands):

	March 31, 2013
	Level 1		Level 2			Level 3		Total
Cash	$	1,622,174	$	—		$	—	$	1,622,174
Cash equivalents	3,225,860		456,271			—		3,682,131
U.S. government and agency obligations	1,137,609		947,477			—		2,085,086
U.S. corporate debt securities	—		1,520,806			—		1,520,806
High yield corporate debt securities	—		529,059			—		529,059
Asset-backed securities	—		3,730			—		3,730
Municipal obligations	—		971,293			—		971,293
Auction rate securities	—		—			68,247		68,247
Foreign debt securities	—		1,415,463			—		1,415,463
Publicly traded equity securities	110,071		—			—		110,071
Total cash and investments	$	6,095,714	$	5,844,099		$	68,247	$	12,008,060
Other items:
Strategic investments held at cost	$	—	$	—		$	325,437	$	325,437
Investment in joint venture	—		—			33,226		33,226
Convertible debt	—		(2,534,038		)	—		(2,534,038		)
Foreign exchange derivative assets	—		22,261			—		22,261
Foreign exchange derivative liabilities	—		(40,403		)	—		(40,403		)
Commodity derivative assets	—		75			—		75

	December 31, 2012
	Level 1		Level 2			Level 3		Total
Cash	$	1,493,843	$	—		$	—	$	1,493,843
Cash equivalents	2,898,183		362,034			—		3,260,217
U.S. government and agency obligations	1,324,919		871,290			—		2,196,209
U.S. corporate debt securities	—		1,480,450			—		1,480,450
High yield corporate debt securities	—		510,412			—		510,412
Asset-backed securities	—		2,117			—		2,117
Municipal obligations	—		1,022,889			—		1,022,889
Auction rate securities	—		—			70,086		70,086
Foreign debt securities	—		1,273,023			—		1,273,023
Publicly traded equity securities	86,482		—			—		86,482
Total cash and investments	$	5,803,427	$	5,522,215		$	70,086	$	11,395,728
Other items:
Strategic investments held at cost	$	—	$	—		$	351,855	$	351,855
Investment in joint venture	—		—			32,745		32,745
Convertible debt	—		(2,665,690		)	—		(2,665,690		)
Foreign exchange derivative assets	—		30,189			—		30,189
Foreign exchange derivative liabilities	—		(34,590		)	—		(34,590		)
Commodity derivative assets	—		(588		)	—		(588		)

Changes in Fair Value of Level 3 Financial Assets

The following table provides a summary of changes in fair value of our LenovoEMC joint venture for the three months ended March 31, 2013 and 2012 (table in thousands):

	For the Three Months Ended
	March 31, 2013		March 31, 2012
Balance, beginning of the period	$	32,745	$	—
Realized gain included in other income (expense)	481		—
Balance, end of period	$	33,226	$	—

The following table provides a summary of changes in fair value of our Level 3 auction rate securities for the three months ended March 31, 2013 and 2012 (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Balance, beginning of the period	$	70,180		$	74,687
Calls at par value	(580		)	(219		)
Other-than-temporary impairment loss	(889		)	—
(Increase) decrease in previously recognized unrealized losses included in other comprehensive income	(464		)	4,026
Balance, end of the period	$	68,247		$	78,494

Unrealized Losses on Investments by Investment Category and Length of Time in Continuous Unrealized Loss Position

Unrealized losses on investments at March 31, 2013 by investment category and length of time the investment has been in a continuous unrealized loss position are as follows (table in thousands):

	Less Than 12 Months					12 Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. government and agency obligations	$	254,486	$	(1,235	)	$	9,295	$	(216	)	$	263,781	$	(1,451	)
U.S. corporate debt securities	273,100		(436		)	—		—			273,100		(436		)
High yield corporate debt securities	43,943		(673		)	164		(93		)	44,107		(766		)
Asset-backed securities	2,666		(4		)	6		—			2,672		(4		)
Municipal obligations	24,624		(33		)	9,587		(12		)	34,211		(45		)
Auction rate securities	—		—			68,247		(3,829		)	68,247		(3,829		)
Foreign debt securities	298,632		(720		)	—		—			298,632		(720		)
Publicly traded equity securities	1,315		(616		)	—		—			1,315		(616		)
Total	$	898,766	$	(3,717	)	$	87,299	$	(4,150	)	$	986,065	$	(7,867	)

Contractual Maturities of Investments

The contractual maturities of fixed income securities held at March 31, 2013 are as follows (table in thousands):

	March 31, 2013
	Amortized Cost Basis		Aggregate Fair Value
Due within one year	$	1,220,229	$	1,223,463
Due after 1 year through 5 years	4,423,210		4,450,632
Due after 5 years through 10 years	484,206		511,333
Due after 10 years	409,321		408,256
Total	$	6,536,966	$	6,593,684

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Convertible Debt (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Key Components of Convertible Debt

The following table represents the key components of our interest expense on convertible debt (table in thousands):

	For the Three Months Ended
	March 31, 2013		March 31, 2012
Contractual interest expense on the coupon	$	7,460	$	7,523
Amortization of the discount component recognized as interest expense	15,578		14,700
Total interest expense on the convertible debt	$	23,038	$	22,223

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Joint Ventures (Detail) (USD $)	3 Months Ended		63 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Capital contribution	$ 94,737,000	$ 0
Investment in joint venture, fair value	33,226,000		33,226,000	32,745,000
LenovoEMC
Schedule of Equity Method Investments [Line Items]
Joint Venture, Ownership Interest Percentage	49.00%		49.00%
VCE Company LLC
Schedule of Equity Method Investments [Line Items]
Accumulated stock-based compensation contributed to joint venture			14,500,000
Consolidated ownership perentage of outstanding equity	58.00%		58.00%
Capital contribution			780,800,000
Consolidated share of losses	63.20%	63.20%
Loss From VCE	(68,700,000)	(55,500,000)	566,900,000
Revenue recognized from sales to VCE	74,100,000	70,300,000
Receivable from joint venture	40,700,000		40,700,000	44,300,000
Other Assets, Net | LenovoEMC
Schedule of Equity Method Investments [Line Items]
Investment in joint venture, fair value	$ 33,200,000		$ 33,200,000

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Convertible Debt - Additional Information (Detail) (USD $)	3 Months Ended				0 Months Ended	1 Months Ended	3 Months Ended		0 Months Ended	1 Months Ended			3 Months Ended				1 Months Ended			12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 Convertible Senior Notes 2013	Nov. 13, 2006 Convertible Senior Notes 2013	Jan. 09, 2012 Convertible Senior Notes 2011	Nov. 30, 2006 Convertible Senior Notes 2011 and 2013	Mar. 31, 2013 Convertible Senior Notes 2011 and 2013	Mar. 31, 2012 Convertible Senior Notes 2011 and 2013	Jan. 09, 2012 Purchased Options	Nov. 30, 2006 Purchased Options	Nov. 30, 2006 Sold Warrants	Nov. 13, 2006 Sold Warrants	Mar. 31, 2013 Exercised Warrants	Dec. 31, 2011 Group 1 Purchased Options	Mar. 31, 2013 Group 2 Purchased Options	Dec. 31, 2010 Interest Rate Swap	Jul. 31, 2012 Interest Rate Swap	Apr. 30, 2012 Interest Rate Swap	Nov. 30, 2011 Interest Rate Swap	Dec. 31, 2012 Interest Rate Swap	Mar. 31, 2013 Interest Rate Swap
Issuance date	Nov. 13, 2006
Senior Notes			$ 1,725,000,000	$ 1,725,000,000
Proceeds from issuance of senior unsecured obligations						3,450,000,000
Cash payment to noteholders for outstanding principal of converted Notes	0	1,699,816,000			1,699,800,000
Shares issued to noteholders for the excess of the conversion value over the principal amount of converted Notes					29,500,000
Value of the conversion value over the principal amount of converted Notes					661,400,000
Business day period			5 days
Trading-day period			5 days
Product of last reported sale price and the conversion rate			98.00%
Number of trading days			20 days
Trading day period during quarter			30 days
Ratio of stock price to conversion price			130.00%
Observation period			20 days
Debt Instrument, Convertible, Conversion Ratio, Principal Amount Basis			1,000
Conversion rate for the 2013 Notes will be 62.1978 shares of our common stock per one thousand dollars of principal amount of 2013 Notes			62.1978
Conversion premium			27.50%
Conversion price			$ 16.08
Amount of converted Notes			30,000,000
Convertible debt, carrying amount			1,695,000,000
Convertible debt, fair value			2,534,000,000
Carrying amount of the equity component			283,500,000
Debt Instrument, unamortized discount			41,600,000
Semi-annual interest rate			1.75%	1.75%
Debt Instrument, frequency of periodic payment			semi-annually
Effective interest rate							5.60%	5.60%
Incremental common shares attributable to call options and warrants										215,000,000	215,000,000
Aggregate amount paid for purchased options										669,100,000
Purchased options exercised														107,500,000
Purchased options shares received									29,500,000
Purchased Options Remaining															107,500,000
Common stock at an exercise price											$ 19.55	$ 19.55
Proceeds from issuance of warrants											391,100,000
Shares issues for exercised warrants													32,300,000
Conversion premium based on the closing price											55.00%
Closing price per share												$ 12.61
Aggregate notional amount of interest rate swap contracts designated as cash flow hedges																900,000,000
Realized loss on replaced interest rate swap contracts																	45,500,000	23,000,000	141,000,000
Accumulated realized losses in other comprehensive income related to previously-anticipated interest payments reclassified from other comprehensive income and recognized in the consolidated income statements																				39,500,000
Accumulated Other Comprehensive Income (Loss) related to realized losses on settled swaps																					$ 176,500,000

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Inventories (Tables)

3 Months Ended

Mar. 31, 2013

Inventory Disclosure [Abstract]

Components of Inventories

Inventories consist of (table in thousands):

	March 31, 2013		December 31, 2012
Work-in-process	$	612,423	$	605,534
Finished goods	567,588		595,486
	$	1,180,011	$	1,201,020

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Accounts and Notes Receivable and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Contractual Amounts Due Under Leases

The contractual amounts due under the leases we retained as of March 31, 2013 were as follows (table in thousands):

Year	Contractual Amounts Due Under Leases
Due within one year	$	91,116
Due within two years	64,952
Due within three years	55,644
Thereafter	682
Total	212,394
Less amounts representing interest	(6,681		)
Present value	205,713
Current portion (included in accounts and notes receivable)	89,050
Long-term portion (included in other assets, net)	$	116,663

Allowance for Credit Losses

The following table presents the activity of our allowance for credit losses related to lease receivables for the three months ended March 31, 2013 and 2012 (table in thousands):

	March 31, 2013			March 31, 2012
Balance, beginning of the period	$	16,777		$	24,247
Recoveries	(5,404		)	(11,758		)
Provisions	5,885			8,559
Balance, end of the period	$	17,258		$	21,048

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $) In Thousands, unless otherwise specified	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Non-controlling Interest in VMware
Beginning Balance at Dec. 31, 2011	$ 20,279,703	$ 20,489	$ 3,405,513	$ 16,120,621	$ (235,009)	$ 968,089
Beginning Balance (in shares) at Dec. 31, 2011		2,048,890
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Stock issued through stock option and stock purchase plans (in shares)		15,145
Stock issued through stock option and stock purchase plans	180,189	152	180,037
Tax benefit from stock options exercised	143,182		143,182
Restricted stock grants, cancellations and withholdings, net (in shares)		3,330
Restricted stock grants, cancellations and withholdings, net	(47,675)	33	(47,708)
EMC purchase of VMware stock	39,993		34,485			5,508
Stock-based compensation	203,043		203,043
Impact from equity transactions of VMware, Inc.	96,596		18,991			77,605
Change in market value of investments	24,959				24,464	495
Changes in market value of derivatives	10,034				9,867
Translation adjustment	14,986				14,986
Convertible debt conversions and warrant settlement (in shares)		32,345
Convertible debt conversions and warrant settlement	(702)	323	(1,025)
Reclassification of convertible debt (to)/from mezzanine (Note 4)	(15,679)		(15,679)
Net income	625,979			586,842		39,137
Ending Balance at Mar. 31, 2012	21,505,980	20,997	3,883,227	16,707,463	(185,692)	1,079,985
Ending Balance (in shares) at Mar. 31, 2012		2,099,710
Beginning Balance at Dec. 31, 2012	23,523,791	21,070	3,691,112	18,853,234	(208,273)	1,166,648
Beginning Balance (in shares) at Dec. 31, 2012	2,106,959	2,106,959
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Stock issued through stock option and stock purchase plans (in shares)		3,354
Stock issued through stock option and stock purchase plans	42,371	34	42,337
Tax benefit from stock options exercised	44,958		44,958
Restricted stock grants, cancellations and withholdings, net (in shares)		3,175
Restricted stock grants, cancellations and withholdings, net	(38,475)	31	(38,506)
Repurchase of common stock (in shares)		(12,648)
Repurchase of common stock	(308,016)	(126)	(307,890)
EMC purchase of VMware stock	(114,874)		(95,416)			(19,458)
Stock options issued in business acquisitions	(460)		(460)
Stock-based compensation	228,373		228,373
Impact from equity transactions of VMware, Inc.	(135,755)		(131,976)			(3,779)
Change in market value of investments	(3,042)				(3,105)	63
Changes in market value of derivatives	492				612	(120)
Translation adjustment	(31,205)				(31,205)
Convertible debt conversions and warrant settlement (in shares)		0
Convertible debt conversions and warrant settlement	(235)	0	(235)
Reclassification of convertible debt (to)/from mezzanine (Note 4)	16,089		16,089
Net income	614,954			580,050		34,904
Ending Balance at Mar. 31, 2013	$ 23,838,966	$ 21,009	$ 3,448,386	$ 19,433,284	$ (241,971)	$ 1,178,258
Ending Balance (in shares) at Mar. 31, 2013	2,100,840	2,100,840

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Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Components of Property, Plant and Equipment

Property, plant and equipment consist of (table in thousands):

	March 31, 2013			December 31, 2012
Furniture and fixtures	$	203,983		$	197,429
Equipment and software	5,442,443			5,345,314
Buildings and improvements	1,898,946			1,872,559
Land	120,656			120,654
Building construction in progress	232,892			196,891
	7,898,920			7,732,847
Accumulated depreciation	(4,728,753		)	(4,588,299		)
	$	3,170,167		$	3,144,548

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Business Combinations, Intangibles and Goodwill - Additional Information (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013
Business Acquisition [Line Items]
Consideration of acquisitions allocated to goodwill	$ 162.3
Consideration of acquisitions allocated to intangibles	32.4
Consideration of acquisitions allocated to net liabilities	10.2
VMware
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 184.5

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Allowance for Credit Losses (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of the period	$ 16,777	$ 24,247
Recoveries	(5,404)	(11,758)
Provisions	5,885	8,559
Balance, end of the period	$ 17,258	$ 21,048

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CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 5,304,305	$ 4,714,156
Short-term investments	1,223,463	1,421,710
Accounts and notes receivable, less allowance for doubtful accounts of $63,233 and $68,465	2,784,197	3,433,389
Inventories	1,180,011	1,201,020
Deferred income taxes	978,002	941,775
Other current assets	579,030	465,305
Total current assets	12,049,008	12,177,355
Long-term investments	5,480,292	5,259,862
Property, plant and equipment, net	3,170,167	3,144,548
Intangible assets, net	1,937,525	2,035,340
Goodwill	13,993,912	13,839,700
Other assets, net	1,603,353	1,611,880
Total assets	38,234,257	38,068,685
Current liabilities:
Accounts payable	939,295	1,040,664
Accrued expenses	2,397,825	2,522,059
Income taxes payable	59,167	514,302
Convertible debt (See Note 4)	1,653,394	1,652,442
Deferred revenue	4,905,977	4,574,529
Total current liabilities	9,955,658	10,303,996
Income taxes payable	306,424	293,105
Deferred revenue	3,201,093	2,976,328
Deferred income taxes	548,970	574,846
Other liabilities	341,531	338,915
Total liabilities	14,353,676	14,487,190
Convertible debt (See Note 4)	41,615	57,704
Commitments and contingencies (See Note 14)
Shareholders' equity:
Preferred stock, par value $0.01; authorized 25,000 shares; none outstanding	0	0
Common stock, par value $0.01; authorized 6,000,000 shares; issued and outstanding 2,100,840 and 2,106,959 shares	21,009	21,070
Additional paid-in capital	3,448,386	3,691,112
Retained earnings	19,433,284	18,853,234
Accumulated other comprehensive loss, net	(241,971)	(208,273)
Total EMC Corporation's shareholders' equity	22,660,708	22,357,143
Non-controlling interest in VMware, Inc.	1,178,258	1,166,648
Total shareholders' equity	23,838,966	23,523,791
Total liabilities and shareholders' equity	$ 38,234,257	$ 38,068,685

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Composition of Investments (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
US Government Agencies Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	$ 2,077,989	$ 2,190,957
Available For Sale Securities Unrealized Gains	8,548	10,225
Available For Sale Securities Unrealized Losses	(1,451)	(967)
Available For Sale Securities Fair Value	2,085,086	2,200,215
Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	6,536,966	6,534,797
Available For Sale Securities Unrealized Gains	63,969	66,729
Available For Sale Securities Unrealized Losses	(7,251)	(6,436)
Available For Sale Securities Fair Value	6,593,684	6,595,090
Publicly Traded Equity Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	70,374	46,665
Available For Sale Securities Unrealized Gains	40,313	40,548
Available For Sale Securities Unrealized Losses	(616)	(731)
Available For Sale Securities Fair Value	110,071	86,482
Debt and Equity Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	6,607,340	6,581,462
Available For Sale Securities Unrealized Gains	104,282	107,277
Available For Sale Securities Unrealized Losses	(7,867)	(7,167)
Available For Sale Securities Fair Value	6,703,755	6,681,572
US Corporate Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	1,512,318	1,480,026
Available For Sale Securities Unrealized Gains	8,924	10,189
Available For Sale Securities Unrealized Losses	(436)	(509)
Available For Sale Securities Fair Value	1,520,806	1,489,706
High Yield Corporate Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	496,222	485,799
Available For Sale Securities Unrealized Gains	33,603	34,223
Available For Sale Securities Unrealized Losses	(766)	(800)
Available For Sale Securities Fair Value	529,059	519,222
Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	3,731	2,115
Available For Sale Securities Unrealized Gains	3	3
Available For Sale Securities Unrealized Losses	(4)	0
Available For Sale Securities Fair Value	3,730	2,118
Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	966,539	1,032,320
Available For Sale Securities Unrealized Gains	4,799	3,007
Available For Sale Securities Unrealized Losses	(45)	(540)
Available For Sale Securities Fair Value	971,293	1,034,787
Auction Rate Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	72,076	73,545
Available For Sale Securities Unrealized Gains	0	0
Available For Sale Securities Unrealized Losses	(3,829)	(3,365)
Available For Sale Securities Fair Value	68,247	70,180
Foreign Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	1,408,091	1,270,035
Available For Sale Securities Unrealized Gains	8,092	9,082
Available For Sale Securities Unrealized Losses	(720)	(255)
Available For Sale Securities Fair Value	$ 1,415,463	$ 1,278,862

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Changes in unrealized gains (losses) - taxes (benefits)	$ 1,451	$ 15,718
Reclassification adjustment for net losses (gains) realized in net income - benefits (taxes)	(2,104)	(1,024)
Changes in market value of derivatives - taxes (benefits)	1,091	5,918
Reclassification adjustment for net losses (gains) realized in net income - benefits (taxes)	$ (768)	$ 5

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Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Income Tax Disclosure [Abstract]
Effective income tax rates	11.00%	23.40%
Impact of the expiration of the U.S. federal research and development tax credit	10.90%

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Restructuring and Acquisition-Related Charges (Tables)

3 Months Ended

Mar. 31, 2013

Restructuring and Related Activities [Abstract]

Activity for the Restructuring Programs

The activity for the restructuring programs is presented below (tables in thousands):

Three Months Ended March 31, 2013:

2013 EMC Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of March 31, 2013
Workforce reductions	$	—	$	79,409	$	(13,515	)	$	65,894
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	—	$	79,409	$	(13,515	)	$	65,894

2013 VMware Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of March 31, 2013
Workforce reductions	$	—	$	53,847	$	(28,062	)	$	25,785
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	—	$	53,847	$	(28,062	)	$	25,785

Other EMC Programs
Category	Balance as of December 31, 2012		Adjustments to the Provision			Utilization			Balance as of March 31, 2013
Workforce reductions	$	62,962	$	(4,878	)	$	(12,233	)	$	45,851
Consolidation of excess facilities and other contractual obligations	28,427		7,130			(5,377		)	30,180
Total	$	91,389	$	2,252		$	(17,610	)	$	76,031

Three Months Ended March 31, 2012:

2012 EMC Programs
Category	Balance as of December 31, 2011		2012 Charges		Utilization			Balance as of March 31, 2012
Workforce reductions	$	—	$	23,348	$	(2,706	)	$	20,642
Consolidation of excess facilities and other contractual obligations	—		1,318		(710		)	608
Total	$	—	$	24,666	$	(3,416	)	$	21,250

Other EMC Programs
Category	Balance as of December 31, 2011		Adjustments to the Provision			Utilization			Balance as of March 31, 2012
Workforce reductions	$	49,863	$	(2,876	)	$	(15,675	)	$	31,312
Consolidation of excess facilities and other contractual obligations	30,112		2,389			(4,320		)	28,181
Total	$	79,975	$	(487	)	$	(19,995	)	$	59,493

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Activity For Restructuring Program (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Restructuring Reserve [Roll Forward]
Charges/ (Adjustments to the Provision)	$ 81,700	$ 24,200
EMC Information Infrastructure | Restructuring Other Programs
Restructuring Reserve [Roll Forward]
Beginning Balance	91,389	79,975
Charges/ (Adjustments to the Provision)	2,252	(487)
Utilization	(17,610)	(19,995)
Ending Balance	76,031	59,493
EMC Information Infrastructure | Restructuring Other Programs | Workforce reductions
Restructuring Reserve [Roll Forward]
Beginning Balance	62,962	49,863
Charges/ (Adjustments to the Provision)	(4,878)	(2,876)
Utilization	(12,233)	(15,675)
Ending Balance	45,851	31,312
EMC Information Infrastructure | Restructuring Other Programs | Consolidation of excess facilities and other contractual obligations
Restructuring Reserve [Roll Forward]
Beginning Balance	28,427	30,112
Charges/ (Adjustments to the Provision)	7,130	2,389
Utilization	(5,377)	(4,320)
Ending Balance	30,180	28,181
EMC Information Infrastructure | Restructuring 2013 Programs
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Charges/ (Adjustments to the Provision)	79,409
Utilization	(13,515)
Ending Balance	65,894
EMC Information Infrastructure | Restructuring 2013 Programs | Workforce reductions
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Charges/ (Adjustments to the Provision)	79,409
Utilization	(13,515)
Ending Balance	65,894
EMC Information Infrastructure | Restructuring 2013 Programs | Consolidation of excess facilities and other contractual obligations
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Charges/ (Adjustments to the Provision)	0
Utilization	0
Ending Balance	0
EMC Information Infrastructure | Restructuring 2012 Programs
Restructuring Reserve [Roll Forward]
Beginning Balance		0
Charges/ (Adjustments to the Provision)		24,666
Utilization		(3,416)
Ending Balance		21,250
EMC Information Infrastructure | Restructuring 2012 Programs | Workforce reductions
Restructuring Reserve [Roll Forward]
Beginning Balance		0
Charges/ (Adjustments to the Provision)		23,348
Utilization		(2,706)
Ending Balance		20,642
EMC Information Infrastructure | Restructuring 2012 Programs | Consolidation of excess facilities and other contractual obligations
Restructuring Reserve [Roll Forward]
Beginning Balance		0
Charges/ (Adjustments to the Provision)		1,318
Utilization		(710)
Ending Balance		608
VMware
Restructuring Reserve [Roll Forward]
Charges/ (Adjustments to the Provision)	53,800
VMware | Restructuring 2013 Programs
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Charges/ (Adjustments to the Provision)	53,847
Utilization	(28,062)
Ending Balance	25,785
VMware | Restructuring 2013 Programs | Workforce reductions
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Charges/ (Adjustments to the Provision)	53,847
Utilization	(28,062)
Ending Balance	25,785
VMware | Restructuring 2013 Programs | Consolidation of excess facilities and other contractual obligations
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Charges/ (Adjustments to the Provision)	0
Utilization	0
Ending Balance	$ 0

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Line of Credit

We have available for use a credit line of $50.0 million in the United States. As of March 31, 2013, we had no borrowings outstanding on the line of credit. The credit line bears interest at the bank’s base rate and requires us, upon utilization of the credit line, to meet certain financial covenants with respect to limitations on losses. In the event the covenants are not met, the lender may require us to provide collateral to secure the outstanding balance. At March 31, 2013, we were in compliance with the covenants.

Litigation

We are involved in a variety of claims, demands, suits, investigations and proceedings that arise from time to time relating to matters incidental to the ordinary course of our business, including actions with respect to contracts, intellectual property, product liability, employment, benefits and securities matters. As required by authoritative guidance, we have estimated the amount of probable losses that may result from all currently pending matters, and such amounts are reflected in our consolidated financial statements. These recorded amounts are not material to our consolidated financial position or results of operations and no additional material losses related to these pending matters are reasonably possible. While it is not possible to predict the outcome of these matters with certainty, we do not expect the results of any of these actions to have a material adverse effect on our business, results of operations or financial condition. Because litigation is inherently unpredictable, however, the actual amounts of loss may prove to be larger or smaller than the amounts reflected in our consolidated financial statements, and we could incur judgments or enter into settlements of claims that could adversely affect our operating results or cash flows in a particular period.

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

Our segment information for the three months ended March 31, 2013 and 2012 is as follows (tables in thousands, except percentages):

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
March 31, 2013
Revenues:
Product revenues	$	2,481,026		$	43,610		$	99,736		$	2,624,372		$	487,564		$	—		$	3,111,936
Services revenues	1,330,079			112,306			132,572			1,574,957			700,490			—			2,275,447
Total consolidated revenues	3,811,105			155,916			232,308			4,199,329			1,188,054			—			5,387,383
Cost of sales	1,717,961			56,741			80,391			1,855,093			134,523			99,942			2,089,558
Gross profit	$	2,093,144		$	99,175		$	151,917		2,344,236			1,053,531			(99,942		)	3,297,825
Gross profit percentage	54.9		%	63.6		%	65.4		%	55.8		%	88.7		%	—			61.2		%
Research and development										377,493			205,507			92,564			675,564
Selling, general and administrative										1,102,494			460,232			151,228			1,713,954
Restructuring and acquisition-related charges										—			—			147,724			147,724
Total costs and expenses										1,479,987			665,739			391,516			2,537,242
Operating income										864,249			387,792			(491,458		)	760,583
Other income (expense), net										(59,919		)	3,683			(13,333		)	(69,569		)
Income before provision for income taxes										804,330			391,475			(504,791		)	691,014
Income tax provision										195,695			80,170			(199,805		)	76,060
Net income										608,635			311,305			(304,986		)	614,954
Net income attributable to the non-controlling interest in VMware, Inc.										—			(62,349		)	27,445			(34,904		)
Net income attributable to EMC Corporation										$	608,635		$	248,956		$	(277,541	)	$	580,050

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
March 31, 2012
Revenues:
Product revenues	$	2,454,735		$	36,062		$	96,489		$	2,587,286		$	481,571		$	—		$	3,068,857
Services revenues	1,234,172			109,491			110,028			1,453,691			571,830			—			2,025,521
Total consolidated revenues	3,688,907			145,553			206,517			4,040,977			1,053,401			—			5,094,378
Cost of sales	1,629,038			55,932			73,155			1,758,125			128,185			94,851			1,981,161
Gross profit	$	2,059,869		$	89,621		$	133,362		2,282,852			925,216			(94,851		)	3,113,217
Gross profit percentage	55.8		%	61.6		%	64.6		%	56.5		%	87.8		%	—			61.1		%
Research and development										338,216			178,665			70,936			587,817
Selling, general and administrative										1,094,012			404,593			151,592			1,650,197
Restructuring and acquisition-related charges										—			—			25,893			25,893
Total costs and expenses										1,432,228			583,258			248,421			2,263,907
Operating income										850,624			341,958			(343,272		)	849,310
Other income (expense), net										(28,502		)	7,301			(11,220		)	(32,421		)
Income before provision for income taxes										822,122			349,259			(354,492		)	816,889
Income tax provision										220,453			62,969			(92,512		)	190,910
Net income										601,669			286,290			(261,980		)	625,979
Net income attributable to the non-controlling interest in VMware, Inc.										—			(58,588		)	19,451			(39,137		)
Net income attributable to EMC Corporation										$	601,669		$	227,702		$	(242,529	)	$	586,842

Revenues By Geographic Area

Our revenues are attributed to the geographic areas according to the location of the customers. Revenues by geographic area are included in the following table (table in thousands):

	For the Three Months Ended
	March 31, 2013		March 31, 2012
United States	$	2,831,763	$	2,633,394
Europe, Middle East and Africa	1,477,253		1,464,292
Asia Pacific and Japan	737,996		711,693
Latin America, Mexico and Canada	340,371		284,999
Total	$	5,387,383	$	5,094,378

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Subsequent Events (Notes)

1 Months Ended

Apr. 30, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

On April 1, 2013, EMC and VMware formed GoPivotal, Inc. (“Pivotal”) to focus on Big Data Analytics and Cloud Applications Platforms. Pursuant to a series of agreements, EMC contributed substantially all net assets and liabilities, including intellectual property and employees, related to its Greenplum and Pivotal Labs businesses. VMware contributed substantially all assets and liabilities, including intellectual property and employees, related to certain of its Cloud Application Platform products and services, including Cloud Foundry, VMware vFabric (including Spring and GemFire), and Cetas organizations. On April 24, 2013, we announced that General Electric Company (GE) intends to make a strategic investment of approximately $105.0 million, representing 10% of Pivotal's outstanding equity. After GE's investment, EMC will have a 62% interest, VMware will have a 28% interest and EMC consolidated will have an 84% interest in Pivotal's outstanding equity, after considering the non-controlling interest. Beginning in the second quarter of 2013, EMC will consolidate the results of Pivotal in EMC's consolidated financial statements and Pivotal will be a separate reportable segment.

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Segment Information Segment information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Revenues:
Product sales revenue	$ 3,111,936	$ 3,068,857
Services revenues	2,275,447	2,025,521
Total consolidated revenues	5,387,383	5,094,378
Cost of sales	2,089,558	1,981,161
Gross profit	3,297,825	3,113,217
Gross profit percentage	61.20%	61.10%
Research and development	675,564	587,817
Selling, general and administrative	1,713,954	1,650,197
Restructuring and Acquisition-related Charges	147,724	25,893
Total costs and expenses	2,537,242	2,263,907
Operating income	760,583	849,310
Other income (expense), net	(69,569)	(32,421)
Income before provision for income taxes	691,014	816,889
Income tax provision	76,060	190,910
Net income	614,954	625,979
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(34,904)	(39,137)
Net income attributable to EMC Corporation	580,050	586,842
Information Storage
Revenues:
Product sales revenue	2,481,026	2,454,735
Services revenues	1,330,079	1,234,172
Total consolidated revenues	3,811,105	3,688,907
Cost of sales	1,717,961	1,629,038
Gross profit	2,093,144	2,059,869
Gross profit percentage	54.90%	55.80%
Information Intelligence Group
Revenues:
Product sales revenue	43,610	36,062
Services revenues	112,306	109,491
Total consolidated revenues	155,916	145,553
Cost of sales	56,741	55,932
Gross profit	99,175	89,621
Gross profit percentage	63.60%	61.60%
RSA Information Security
Revenues:
Product sales revenue	99,736	96,489
Services revenues	132,572	110,028
Total consolidated revenues	232,308	206,517
Cost of sales	80,391	73,155
Gross profit	151,917	133,362
Gross profit percentage	65.40%	64.60%
EMC Information Infrastructure
Revenues:
Product sales revenue	2,624,372	2,587,286
Services revenues	1,574,957	1,453,691
Total consolidated revenues	4,199,329	4,040,977
Cost of sales	1,855,093	1,758,125
Gross profit	2,344,236	2,282,852
Gross profit percentage	55.80%	56.50%
Research and development	377,493	338,216
Selling, general and administrative	1,102,494	1,094,012
Restructuring and Acquisition-related Charges	0	0
Total costs and expenses	1,479,987	1,432,228
Operating income	864,249	850,624
Other income (expense), net	(59,919)	(28,502)
Income before provision for income taxes	804,330	822,122
Income tax provision	195,695	220,453
Net income	608,635	601,669
Less: Net income attributable to the non-controlling interest in VMware, Inc.	0	0
Net income attributable to EMC Corporation	608,635	601,669
VMware Virtual Infrastructure Within EMC
Revenues:
Product sales revenue	487,564	481,571
Services revenues	700,490	571,830
Total consolidated revenues	1,188,054	1,053,401
Cost of sales	134,523	128,185
Gross profit	1,053,531	925,216
Gross profit percentage	88.70%	87.80%
Research and development	205,507	178,665
Selling, general and administrative	460,232	404,593
Restructuring and Acquisition-related Charges	0	0
Total costs and expenses	665,739	583,258
Operating income	387,792	341,958
Other income (expense), net	3,683	7,301
Income before provision for income taxes	391,475	349,259
Income tax provision	80,170	62,969
Net income	311,305	286,290
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(62,349)	(58,588)
Net income attributable to EMC Corporation	248,956	227,702
Corp Reconciling Items
Revenues:
Product sales revenue	0	0
Services revenues	0	0
Total consolidated revenues	0	0
Cost of sales	99,942	94,851
Gross profit	(99,942)	(94,851)
Research and development	92,564	70,936
Selling, general and administrative	151,228	151,592
Restructuring and Acquisition-related Charges	147,724	25,893
Total costs and expenses	391,516	248,421
Operating income	(491,458)	(343,272)
Other income (expense), net	(13,333)	(11,220)
Income before provision for income taxes	(504,791)	(354,492)
Income tax provision	(199,805)	(92,512)
Net income	(304,986)	(261,980)
Less: Net income attributable to the non-controlling interest in VMware, Inc.	27,445	19,451
Net income attributable to EMC Corporation	$ (277,541)	$ (242,529)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:
Cash received from customers	$ 6,615,763	$ 6,023,588
Cash paid to suppliers and employees	(4,404,823)	(4,114,849)
Dividends and interest received	39,080	18,483
Interest paid	(1,149)	(1,342)
Income taxes paid	(536,075)	(237,692)
Net cash provided by operating activities	1,712,796	1,688,188
Cash flows from investing activities:
Additions to property, plant and equipment	(165,356)	(153,631)
Capitalized software development costs	(105,792)	(105,848)
Purchases of short- and long-term available-for-sale securities	(1,819,390)	(1,585,822)
Sales of short- and long-term available-for-sale securities	1,414,234	1,439,393
Maturities of short- and long-term available-for-sale securities	387,525	273,982
Business acquisitions, net of cash acquired	(184,040)	(102,105)
Purchases of strategic and other related investments	(35,203)	(3,864)
Sales of strategic and other related investments	0	16,950
Joint venture funding	(94,737)	0
Net cash used in investing activities	(602,759)	(220,945)
Cash flows from financing activities:
Proceeds from the issuance of EMC’s common stock	42,371	180,189
Proceeds from the issuance of VMware’s common stock	67,889	111,041
EMC purchase of VMware's common stock	(124,579)	(39,993)
Excess tax benefits from stock-based compensation	33,048	106,024
Proceeds (payments) of short- and long-term obligations, net	(5,658)	2,387
Payment of convertible debt	0	(1,699,816)
Net cash used in financing activities	(492,348)	(1,340,168)
Effect of exchange rate changes on cash and cash equivalents	(27,540)	11,050
Net decrease in cash and cash equivalents	590,149	138,125
Cash and cash equivalents at beginning of period	4,714,156	4,491,604
Cash and cash equivalents at end of period	5,304,305	4,629,729
Reconciliation of net income to net cash provided by operating activities:
Net income	614,954	625,979
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	391,191	367,453
Non-cash interest expense on convertible debt	12,245	9,323
Non-cash restructuring and other special charges	6,662	4,477
Stock-based compensation expense	235,952	200,572
Provision for (recovery of) doubtful accounts	(7,913)	9,472
Deferred income taxes, net	(61,662)	(52,320)
Excess tax benefits from stock-based compensation	(33,048)	(106,024)
Other, net	5,844	(8,987)
Changes in assets and liabilities, net of acquisitions:
Accounts and notes receivable	653,858	299,977
Inventories	(46,022)	(96,249)
Other assets	52,764	(19,580)
Accounts payable	(109,913)	(28,686)
Accrued expenses	(194,527)	(151,721)
Income taxes payable	(392,640)	5,538
Deferred revenue	582,435	619,761
Other liabilities	2,616	9,203
Net cash provided by operating activities	1,712,796	1,688,188
Parent
Cash flows from financing activities:
EMC repurchase of EMC’s common stock	(323,458)	0
VMware
Cash flows from financing activities:
EMC repurchase of EMC’s common stock	$ (181,961)	$ 0

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Accounts and notes receivable, allowance for doubtful accounts	$ 63,233	$ 68,465
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	25,000,000	25,000,000
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	6,000,000,000	6,000,000,000
Common stock, issued (in shares)	2,100,840,000	2,106,959,000
Common stock, outstanding (in shares)	2,100,840,000	2,106,959,000

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Joint Ventures

3 Months Ended

Mar. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Joint Ventures

Joint Ventures

We make investments in joint ventures. For each joint venture investment we consider the facts and circumstances in order to determine whether it qualifies for cost accounting, equity accounting, fair value method accounting or whether it should be consolidated.

VCE Company LLC

In 2009, Cisco and EMC formed VCE Company LLC (“VCE”), with investments from VMware and Intel. VCE, through Vblock infrastructure platforms, delivers an integrated IT offering that combines network, computing, storage, management, security and virtualization technologies for converged infrastructures and cloud based computing models. As of March 31, 2013, we have contributed $780.8 million in funding and $14.5 million in stock-based compensation to VCE since inception and own approximately 58% of VCE’s outstanding equity.

We consider VCE a variable interest entity. Authoritative guidance related to variable interest entities states that the primary beneficiary of a variable interest entity must have both of the following characteristics: (a) the power to direct the activities of a variable interest entity that most significantly will impact the entity’s economic performance; and (b) the obligation to absorb losses that could be potentially significant to the variable interest entity or the right to receive benefits from the entity that could potentially be significant to the variable interest entity. Since the power to direct the activities of VCE which most significantly impact its economic performance are determined by its board of directors, which is comprised of equal representation of EMC and Cisco, and all significant decisions require the approval of the minority shareholders, we have determined we are not the primary beneficiary, and as such we account for the investment under the equity method.

Our portion of VCE’s gains and losses is recognized in other income (expense), net, in the consolidated income statements. Our consolidated share of VCE’s losses, based upon our portion of the overall funding, was approximately 63.2% for the three months ended March 31, 2013 and 2012. As of March 31, 2013, we have recorded net accumulated losses from VCE of $566.9 million since inception, of which $68.7 million and $55.5 million were recorded in the three months ended March 31, 2013 and 2012, respectively.

We recognized $74.1 million and $70.3 million in revenue from sales of product and services to VCE during the three months ended March 31, 2013 and 2012, respectively. We perform certain administrative services, pursuant to an administrative services agreement, on behalf of VCE and we pay certain operating expenses on behalf of VCE. Accordingly, we had a receivable from VCE related to the administrative services agreement of $40.7 million and $44.3 million as of March 31, 2013 and December 31, 2012, respectively, included in other current assets in the consolidated balance sheets.

LenovoEMC Joint Venture

In the fourth quarter of 2012, EMC and Lenovo formed a joint venture, LenovoEMC Limited, to provide NAS systems to small- and medium-sized businesses and distributed enterprise sites. EMC has a 49% ownership percentage of the joint venture and we have elected to account for the investment using the fair value method of accounting. The fair value of our investment in the joint venture was $33.2 million as of March 31, 2013 and is included in other assets, net on the consolidated balance sheet.

XML

Document and Entity Information	3 Months Ended
	Mar. 31, 2013
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Trading Symbol	EMC
Entity Registrant Name	EMC CORP
Entity Central Index Key	0000790070
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	2,100,840,084

XML

Accrued Expenses

3 Months Ended

Mar. 31, 2013

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consist of (table in thousands):

	March 31, 2013		December 31, 2012
Salaries and benefits	$	876,798	$	1,018,289
Product warranties	282,573		277,862
Partner rebates	156,707		187,413
Restructuring, current (See Note 13)	130,281		75,567
Derivatives	41,812		40,279
Other	909,654		922,649
	$	2,397,825	$	2,522,059

Product Warranties

Systems sales include a standard product warranty. At the time of the sale, we accrue for systems’ warranty costs. The initial systems’ warranty accrual is based upon our historical experience, expected future costs and specific identification of systems’ requirements. Upon sale or expiration of the initial warranty, we may sell additional maintenance contracts to our customers. Revenue from these additional maintenance contracts is included in deferred revenue and recognized ratably over the service period. The following represents the activity in our warranty accrual for the three months ended March 31, 2013 and 2012 (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Balance, beginning of the period	$	277,862		$	254,554
Provision	44,628			48,253
Amounts charged to the accrual	(39,917		)	(39,626		)
Balance, end of the period	$	282,573		$	263,181

The provision includes amounts accrued for systems at the time of shipment, adjustments for changes in estimated costs for warranties on systems shipped in the period and changes in estimated costs for warranties on systems shipped in prior periods. It is not practicable to determine the amounts applicable to each of the components.

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CONSOLIDATED INCOME STATEMENTS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Revenues:
Product sales revenue	$ 3,111,936	$ 3,068,857
Services	2,275,447	2,025,521
Total consolidated revenues	5,387,383	5,094,378
Costs and expenses:
Cost of product sales	1,355,985	1,301,550
Cost of services	733,573	679,611
Research and development	675,564	587,817
Selling, general and administrative	1,713,954	1,650,197
Restructuring and Acquisition-related Charges	147,724	25,893
Operating income	760,583	849,310
Non-operating income (expense):
Investment income	33,163	29,452
Interest expense	(20,854)	(18,183)
Other income (expense), net	(81,878)	(43,690)
Total non-operating income (expense)	(69,569)	(32,421)
Income before provision for income taxes	691,014	816,889
Income tax provision	76,060	190,910
Net income	614,954	625,979
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(34,904)	(39,137)
Net income attributable to EMC Corporation	$ 580,050	$ 586,842
Net income per weighted average share, basic attributable to EMC Corporation common shareholders	$ 0.28	$ 0.28
Net income per weighted average share, diluted attributable to EMC Corporation common shareholders	$ 0.26	$ 0.27
Weighted average shares, basic	2,102,368	2,067,828
Weighted average shares, diluted	2,189,410	2,201,933

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Convertible Debt

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Convertible Debt

In November 2006, we issued our $1,725 million1.75% convertible senior notes due 2011 (the “2011 Notes”) and our $1,725 million1.75% convertible senior notes due 2013 (the “2013 Notes”) for total gross proceeds of $3.45 billion. The 2011 Notes and 2013 Notes are senior unsecured obligations and rank equally with all other existing and future senior unsecured debt.

The 2011 Notes matured and a majority of the noteholders exercised their right to convert the outstanding 2011 Notes at the end of 2011. Pursuant to the settlement terms, the majority of the converted 2011 Notes were not settled until January 9, 2012. At that time, we paid the noteholders $1,699.8 million in cash for the outstanding principal and 29.5 million shares for the $661.4 million in excess of the conversion value over the principal amount, as prescribed by the terms of the 2011 Notes.

The holders of the 2013 Notes may convert their 2013 Notes at their option on any day prior to the close of business on the scheduled trading day immediately preceding September 1, 2013 only under the following circumstances: (1) during the five business-day period after any five consecutive trading-day period (the “measurement period”) in which the price per 2013 Note for each day of that measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate on each such day; (2) during any calendar quarter, if the last reported sale price of our common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter exceeds 130% of the applicable conversion price in effect on the last trading day of the immediately preceding calendar quarter; or (3) upon the occurrence of certain events specified in the 2013 Notes. Additionally, the 2013 Notes will become convertible during the last three months prior to their maturity.

Upon conversion, we will pay cash up to the principal amount of the debt converted. With respect to any conversion value in excess of the principal amount of the 2013 Notes converted, we have the option to settle the excess with cash, shares of our common stock, or a combination of cash and shares of our common stock based on a daily conversion value, determined in accordance with the indenture, calculated on a proportionate basis for each day of the relevant 20-day observation period. The initial conversion rate for the 2013 Notes will be 62.1978 shares of our common stock per one thousand dollars of principal amount of 2013 Notes, which represents a 27.5% conversion premium from the date the 2013 Notes were issued and is equivalent to a conversion price of approximately $16.08 per share of our common stock. The conversion price is subject to adjustment in some events as set forth in the indenture. In addition, if a “fundamental change” (as defined in the indenture) occurs prior to the maturity date, we will in some cases increase the conversion rate for a holder of 2013 Notes that elects to convert its 2013 Notes in connection with such fundamental change.

At March 31, 2013, the contingent conversion thresholds on the 2013 Notes were exceeded. As a result, the 2013 Notes continue to be convertible at the option of the holder through June 30, 2013. Accordingly, since the terms of the 2013 Notes require the principal to be settled in cash, we reclassified to the mezzanine from shareholders’ equity the portion of the 2013 Notes attributable to the conversion feature which had not yet been accreted to its face value, and the 2013 Notes were classified as a current liability. Contingencies continue to exist regarding the holders’ ability to convert the 2013 Notes in future quarters. The determination of whether the 2013 Notes are convertible will be performed on a quarterly basis. Consequently, the 2013 Notes might not be convertible in future quarters. Approximately $30.0 million of the 2013 Notes have been converted as of March 31, 2013.

The carrying amount of the 2013 Notes reported in the consolidated balance sheets as of March 31, 2013 was $1,695.0 million and the fair value was $2,534.0 million. The carrying amount of the equity component of the 2013 Notes was $283.5 million at March 31, 2013. As of March 31, 2013, the unamortized discount on the 2013 Notes consists of $41.6 million, which will be fully amortized by December 1, 2013.

The 2013 Notes pay interest in cash at a rate of 1.75%semi-annually in arrears on December 1 and June 1 of each year. The effective interest rate on the 2011 Notes and 2013 Notes was 5.6% for both the three months ended March 31, 2013 and 2012.

The following table represents the key components of our interest expense on convertible debt (table in thousands):

	For the Three Months Ended
	March 31, 2013		March 31, 2012
Contractual interest expense on the coupon	$	7,460	$	7,523
Amortization of the discount component recognized as interest expense	15,578		14,700
Total interest expense on the convertible debt	$	23,038	$	22,223

In connection with the issuance of the 2011 Notes and 2013 Notes, we entered into separate convertible note hedge transactions with respect to our common stock (the “Purchased Options”). The Purchased Options allow us to receive shares of our common stock and/or cash related to the excess conversion value that we would pay to the holders of the 2011 Notes and 2013 Notes upon conversion. The Purchased Options will cover, subject to customary anti-dilution adjustments, approximately 215 million shares of our common stock. We paid an aggregate amount of $669.1 million of the proceeds from the sale of the 2011 Notes and 2013 Notes for the Purchased Options that was recorded as additional paid-in-capital in shareholders’ equity. In the fourth quarter of 2011, we exercised 107.5 million of the Purchased Options in conjunction with the planned settlements of the 2011 Notes, and we received 29.5 million shares of net settlement on January 9, 2012, representing the excess conversion value of the options. The remaining 107.5 million of the Purchased Options expire on December 1, 2013.

We also entered into separate transactions in which we sold warrants to acquire, subject to customary anti-dilution adjustments, approximately 215 million shares of our common stock at an exercise price of approximately $19.55 per share of our common stock. We received aggregate proceeds of $391.1 million from the sale of the associated warrants. Upon exercise, the value of the warrants is required to be settled in shares. Half of the associated warrants were exercised between February 15, 2012 and March 14, 2012 and the remaining half of the associated warrants have expiration dates between February 18, 2014 and March 18, 2014. During the first quarter of 2012, the exercised warrants were settled with 32.3 million shares of our common stock.

The Purchased Options and associated warrants will generally have the effect of increasing the conversion price of the 2013 Notes to approximately $19.55 per share of our common stock, representing an approximate 55% conversion premium based on the closing price of $12.61 per share of our common stock on November 13, 2006, which was the issuance date of the 2013 Notes.

In 2010, EMC entered into interest rate swap contracts with an aggregate notional amount of approximately $900 million. These swaps were designated as cash flow hedges of the semi-annual interest payments of the forecasted issuance of debt in 2011 when our 2011 Notes were scheduled to become due. As such, the unrealized loss on these hedges was recognized in other comprehensive loss. In November 2011, we settled the swaps and replaced them with new interest rate swap contracts for the forecasted issuance of debt in 2012. In April 2012, we settled the swaps and replaced them with new interest rate swap contracts for the forecasted issuance of debt in 2012. Each of these new swaps was deemed as an effective hedge as the notional amounts and other terms matched the underlying hedged item. Losses on the interest rate swap contracts at the time of settlement of $141.0 million in November 2011 and $23.0 million in April 2012 were deferred as they were expected to be realized over the life of the new debt issued under the related interest rate swap contracts and recognized as a component of interest expense in the consolidated income statements.

In June 2012, management changed its forecast date for the issuance of debt from December 31, 2012 to the first quarter of 2014. Consequently, hedge accounting effectively ceased as the terms of the swaps no longer matched the terms of the underlying hedged item resulting in changes in the fair value of the swaps being recorded in the consolidated income statement. The swaps were subsequently re-designated as cash flow hedges and achieved hedge accounting. The change in the forecasted timeframe for the issuance of debt resulted in certain previously-anticipated hedge interest payments no longer being expected to occur within the window covered by the hedge designation. As a result, $39.5 million of accumulated realized losses in other comprehensive income related to these previously-anticipated interest payments were reclassified from other comprehensive income and recognized in the 2012 consolidated income statements.

In July 2012, we settled the interest rate swap contracts and did not replace them. Losses on the interest rate swap contracts at the time of settlement of $45.5 million were deferred as they are expected to be realized over the life of the new debt issued under the related interest rate swap contracts and recognized as a component of interest expense in the consolidated income statements. At March 31, 2013, we had $176.5 million of accumulated realized losses related to the settled swaps in accumulated other comprehensive income.

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Business Combinations, Intangibles and Goodwill

3 Months Ended

Mar. 31, 2013

Business Combination, Goodwill and Intangible Assets Disclosure [Abstract]

Business Combinations, Intangibles and Goodwill

Business Combinations, Intangibles and Goodwill

During the three months ended March 31, 2013, VMware acquired a provider of software that optimizes storage performance and utilization in virtual environments. The consideration for this acquisition was $184.5 million, net of cash acquired. The consideration paid was allocated to the fair value of the assets acquired and liabilities assumed based on estimated fair values as of the acquisition date.

The allocation to goodwill, intangibles and net liabilities was approximately $162.3 million, $32.4 million and $10.2 million, respectively. The intangible assets are being amortized based upon the pattern in which the economic benefits of the intangible assets are being utilized. The results of this acquisition have been included in the consolidated financial statements from the date of purchase. Pro forma results of operations have not been presented as the results of the acquired company were not material to our consolidated results of operations for the three months ended March 31, 2013 or 2012.

Intangible Assets

Intangible assets, excluding goodwill, as of March 31, 2013 and December 31, 2012 consist of (tables in thousands):

	March 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,234,505	$	(1,262,348	)	$	972,157
Patents	225,146		(90,673		)	134,473
Software licenses	96,695		(88,542		)	8,153
Trademarks and tradenames	172,821		(105,622		)	67,199
Customer relationships and customer lists	1,367,327		(756,562		)	610,765
In-process research and development	8,600		—			8,600
Leasehold interest	144,811		(7,910		)	136,901
Other	25,972		(26,695		)	(723		)
Total intangible assets, excluding goodwill	$	4,275,877	$	(2,338,352	)	$	1,937,525

	December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,233,293	$	(1,207,373	)	$	1,025,920
Patents	225,146		(86,954		)	138,192
Software licenses	96,218		(87,999		)	8,219
Trademarks and tradenames	172,821		(101,399		)	71,422
Customer relationships and customer lists	1,377,465		(723,403		)	654,062
Leasehold interest	144,811		(6,843		)	137,968
Other	25,972		(26,415		)	(443		)
Total intangible assets, excluding goodwill	$	4,275,726	$	(2,240,386	)	$	2,035,340

Goodwill

Changes in the carrying amount of goodwill, net, on a consolidated basis and by segment, for the three months ended March 31, 2013 and the year ended December 31, 2012 consist of (tables in thousands):

	Three Months Ended March 31, 2013
	Information Storage		Information Intelligence Group		RSA Information Security			VMware Virtual Infrastructure			Total
Balance, beginning of the period	$	7,441,351	$	1,484,220	$	2,022,406		$	2,891,723		$	13,839,700
Goodwill resulting from acquisitions	—		—		—			162,334			162,334
Finalization of purchase price allocations	270		6		(1,003		)	(7,395		)	(8,122		)
Balance, end of the period	$	7,441,621	$	1,484,226	$	2,021,403		$	3,046,662		$	13,993,912

	Year Ended December 31, 2012
	Information Storage			Information Intelligence Group			RSA Information Security			VMware Virtual Infrastructure			Total
Balance, beginning of the year	$	7,033,965		$	1,469,216		$	1,849,116		$	1,802,673		$	12,154,970
Goodwill resulting from acquisitions	437,868			15,097			179,389			1,091,673			1,724,027
Tax deduction from exercise of stock options	(7		)	(93		)	—			—			(100		)
Finalization of purchase price allocations	(1,281		)	—			(6,099		)	(2,623		)	(10,003		)
Goodwill derecognized in divestiture of business	(29,194		)	—			—			—			(29,194		)
Balance, end of the year	$	7,441,351		$	1,484,220		$	2,022,406		$	2,891,723		$	13,839,700

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Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

We manage our business in two broad categories: EMC Information Infrastructure and VMware Virtual Infrastructure. EMC Information Infrastructure operates in three segments: Information Storage, Information Intelligence Group and RSA Information Security, while VMware Virtual Infrastructure operates in a single segment. Our management measures are designed to assess performance of these operating segments excluding certain items. As a result, the corporate reconciling items are used to capture the items excluded from the segment operating performance measures, including stock-based compensation expense, acquisition-related intangible asset amortization expense and transition costs. Additionally, in certain instances, infrequently occurring gains or losses are also excluded from the measures used by management in assessing segment performance. The VMware Virtual Infrastructure amounts represent the revenues and expenses of VMware as reflected within EMC’s consolidated financial statements. Research and development expenses, selling, general and administrative expenses, restructuring and acquisition-related charges, and other income (expense) associated with the EMC Information Infrastructure business are not allocated to the segments within the EMC Information Infrastructure business, as they are managed centrally at the corporate level. For the three segments within the EMC Information Infrastructure business, gross profit is the segment operating performance measure.

Our segment information for the three months ended March 31, 2013 and 2012 is as follows (tables in thousands, except percentages):

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
March 31, 2013
Revenues:
Product revenues	$	2,481,026		$	43,610		$	99,736		$	2,624,372		$	487,564		$	—		$	3,111,936
Services revenues	1,330,079			112,306			132,572			1,574,957			700,490			—			2,275,447
Total consolidated revenues	3,811,105			155,916			232,308			4,199,329			1,188,054			—			5,387,383
Cost of sales	1,717,961			56,741			80,391			1,855,093			134,523			99,942			2,089,558
Gross profit	$	2,093,144		$	99,175		$	151,917		2,344,236			1,053,531			(99,942		)	3,297,825
Gross profit percentage	54.9		%	63.6		%	65.4		%	55.8		%	88.7		%	—			61.2		%
Research and development										377,493			205,507			92,564			675,564
Selling, general and administrative										1,102,494			460,232			151,228			1,713,954
Restructuring and acquisition-related charges										—			—			147,724			147,724
Total costs and expenses										1,479,987			665,739			391,516			2,537,242
Operating income										864,249			387,792			(491,458		)	760,583
Other income (expense), net										(59,919		)	3,683			(13,333		)	(69,569		)
Income before provision for income taxes										804,330			391,475			(504,791		)	691,014
Income tax provision										195,695			80,170			(199,805		)	76,060
Net income										608,635			311,305			(304,986		)	614,954
Net income attributable to the non-controlling interest in VMware, Inc.										—			(62,349		)	27,445			(34,904		)
Net income attributable to EMC Corporation										$	608,635		$	248,956		$	(277,541	)	$	580,050

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
March 31, 2012
Revenues:
Product revenues	$	2,454,735		$	36,062		$	96,489		$	2,587,286		$	481,571		$	—		$	3,068,857
Services revenues	1,234,172			109,491			110,028			1,453,691			571,830			—			2,025,521
Total consolidated revenues	3,688,907			145,553			206,517			4,040,977			1,053,401			—			5,094,378
Cost of sales	1,629,038			55,932			73,155			1,758,125			128,185			94,851			1,981,161
Gross profit	$	2,059,869		$	89,621		$	133,362		2,282,852			925,216			(94,851		)	3,113,217
Gross profit percentage	55.8		%	61.6		%	64.6		%	56.5		%	87.8		%	—			61.1		%
Research and development										338,216			178,665			70,936			587,817
Selling, general and administrative										1,094,012			404,593			151,592			1,650,197
Restructuring and acquisition-related charges										—			—			25,893			25,893
Total costs and expenses										1,432,228			583,258			248,421			2,263,907
Operating income										850,624			341,958			(343,272		)	849,310
Other income (expense), net										(28,502		)	7,301			(11,220		)	(32,421		)
Income before provision for income taxes										822,122			349,259			(354,492		)	816,889
Income tax provision										220,453			62,969			(92,512		)	190,910
Net income										601,669			286,290			(261,980		)	625,979
Net income attributable to the non-controlling interest in VMware, Inc.										—			(58,588		)	19,451			(39,137		)
Net income attributable to EMC Corporation										$	601,669		$	227,702		$	(242,529	)	$	586,842

Our revenues are attributed to the geographic areas according to the location of the customers. Revenues by geographic area are included in the following table (table in thousands):

	For the Three Months Ended
	March 31, 2013		March 31, 2012
United States	$	2,831,763	$	2,633,394
Europe, Middle East and Africa	1,477,253		1,464,292
Asia Pacific and Japan	737,996		711,693
Latin America, Mexico and Canada	340,371		284,999
Total	$	5,387,383	$	5,094,378

No country other than the United States accounted for 10% or more of revenues during the three months ended March 31, 2013 or 2012.

Long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets, in the United States were $4,067.1 million at March 31, 2013 and $3,993.6 million at December 31, 2012. Internationally, long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets, were $706.4 million at March 31, 2013 and $697.9 million at December 31, 2012. No country other than the United States accounted for 10% or more of total long-lived assets, excluding financial instruments and deferred tax assets, at March 31, 2013 or December 31, 2012.

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Income Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Our effective income tax rates were 11.0% and 23.4% for the three months ended March 31, 2013 and 2012, respectively. Our effective income tax rate is based upon estimated income before provision for income taxes for the year, composition of the income in different countries, and adjustments, if any, in the applicable quarterly periods for potential tax consequences, benefits and/or resolutions of tax audits or other tax contingencies. For the three months ended March 31, 2013, the effective income tax rate varied from the statutory income tax rate principally as a result of the mix of income attributable to foreign versus domestic jurisdictions and the federal tax credit for increasing research activities. Our aggregate income tax rate in foreign jurisdictions is lower than our income tax rate in the United States; substantially all of our income before the provision for income taxes from foreign operations has been earned by our Irish subsidiaries. We do not believe that any recent or currently expected developments in non-U.S. tax jurisdictions are reasonably likely to have a material impact on our effective income rate. On January 2, 2013, the American Taxpayer Relief Act of 2012 was signed into law. Some of the provisions were retroactive to January 1, 2012 including an extension of the U.S. federal tax credit for increasing research activities through December 31, 2013. Because the extension was enacted after December 31, 2012, our income tax provision for the three months ended March 31, 2013 included the estimated federal tax credit for increasing research activities for the full year 2012 as well as the three months ended March 31, 2013, which reduced our effective tax rate for the quarter. For the three months ended March 31, 2012, the effective income tax rate varied from the statutory income tax rate principally as a result of the mix of income attributable to foreign versus domestic jurisdictions.

Our effective income tax rate decreased in the three months ended March 31, 2013 from the three months ended March 31, 2012 due primarily to the retroactive renewal of the U.S. federal tax credit for increasing research activities which reduced our effective income tax rate by approximately 10.9% for the three months ended March 31, 2013. There were also differences in the mix of income attributable to foreign versus domestic jurisdictions, change in tax contingency reserves and discrete items, the net impact of which is immaterial.

We are routinely under audit by the Internal Revenue Service (the “IRS”). We have concluded all U.S. federal income tax matters for years through 2008. The IRS commenced a federal income tax audit for the tax years 2009 and 2010 in the third quarter of 2012. The current federal income tax audit is in the early stage for information gathering and it is not expected to be completed until 2015. We also have income tax audits in process in numerous state, local and international jurisdictions. In our international jurisdictions that comprise a significant portion of our operations, the years that may be examined vary, with the earliest year being 2003. Based on the timing and outcome of examinations of EMC, the result of the expiration of statutes of limitations for specific jurisdictions or the timing and result of ruling requests from taxing authorities, it is reasonably possible that the related unrecognized tax benefits could change from those recorded in our statement of financial position. We anticipate that several of these audits may be finalized within the next 12 months. While we expect the amount of unrecognized tax benefits to change in the next twelve months, we do not expect the change to have a significant impact on our results of operations or financial position.

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Accounts and Notes Receivable and Allowance for Credit Losses

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Accounts and Notes Receivable and Allowance for Credit Losses

Accounts and Notes Receivable and Allowance for Credit Losses

Accounts and notes receivable are recorded at cost. The portion of our notes receivable due in one year or less are included in accounts and notes receivable and the long-term portion is included in other assets, net on the consolidated balance sheets. Lease receivables arise from sales-type leases of products. We typically sell, without recourse, the contractual right to the lease payment stream and assets under lease to third parties. For certain customers, we retain the lease.

The contractual amounts due under the leases we retained as of March 31, 2013 were as follows (table in thousands):

Year	Contractual Amounts Due Under Leases
Due within one year	$	91,116
Due within two years	64,952
Due within three years	55,644
Thereafter	682
Total	212,394
Less amounts representing interest	(6,681		)
Present value	205,713
Current portion (included in accounts and notes receivable)	89,050
Long-term portion (included in other assets, net)	$	116,663

Subsequent to March 31, 2013, we sold $35.7 million of these notes to third parties without recourse.

We maintain an allowance for credit losses on our accounts and notes receivable. The allowance is based on the credit worthiness of our customers, including an assessment of the customer’s financial position, operating performance and their ability to meet their contractual obligation. We assess the credit scores for our customers each quarter. In addition, we consider our historical experience, the age of the receivable and current market and economic conditions. Uncollectible amounts are charged against the allowance account.

In the event we determine that a lease may not be paid, we include in our allowance an amount for the outstanding balance related to the lease receivable. As of March 31, 2013, amounts from lease receivables past due for more than 90 days were not significant.

The following table presents the activity of our allowance for credit losses related to lease receivables for the three months ended March 31, 2013 and 2012 (table in thousands):

	March 31, 2013			March 31, 2012
Balance, beginning of the period	$	16,777		$	24,247
Recoveries	(5,404		)	(11,758		)
Provisions	5,885			8,559
Balance, end of the period	$	17,258		$	21,048

Gross lease receivables totaled $212.4 million and $328.8 million as of March 31, 2013 and December 31, 2012, respectively, before the allowance. The components of these balances were individually evaluated for impairment.

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Reconciliation from Basic To Diluted Earnings Per Share for both Numerators and Denominators (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Numerator:
Net income attributable to EMC Corporation	$ 580,050	$ 586,842
Incremental dilution from VMware	(1,485)	(2,891)
Net income - dilution attributable to EMC Corporation	$ 578,565	$ 583,951
Denominator:
Weighted average shares, basic	2,102,368	2,067,828
Weighted common stock equivalents	30,397	45,606
Assumed conversion of the 2013 Notes and associated warrants	56,645	88,499
Weighted average shares, diluted	2,189,410	2,201,933

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Fair Value of Financial Assets and Liabilities

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities

5.  Fair Value of Financial Assets and Liabilities

Our fixed income and equity investments are classified as available for sale and recorded at their fair market values. We determine fair value using the following hierarchy:

• Level 1 – Quoted prices in active markets for identical assets or liabilities.

• Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

• Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Most of our fixed income securities are classified as Level 2, with the exception of some of our U.S. government and agency obligations and our investments in publicly traded equity securities, which are classified as Level 1, and all of our auction rate securities, which are classified as Level 3. In addition, our strategic investments held at cost are classified as Level 3. At March 31, 2013, the vast majority of our Level 2 securities were priced by pricing vendors. These pricing vendors utilize the most recent observable market information in pricing these securities or, if specific prices are not available for these securities, use other observable inputs like market transactions involving identical or comparable securities. In the event observable inputs are not available, we assess other factors to determine the security’s market value, including broker quotes or model valuations. Each month, we perform independent price verifications of all of our fixed income holdings. In the event a price fails a pre-established tolerance check, it is researched so that we can assess the cause of the variance to determine what we believe is the appropriate fair market value.

In general, investments with remaining effective maturities of 12 months or less from the balance sheet date are classified as short-term investments. Investments with remaining effective maturities of more than 12 months from the balance sheet date are classified as long-term investments. Our publicly traded equity securities are classified as long-term investments and our strategic investments held at cost are classified as other assets. As a result of the lack of liquidity for auction rate securities, we have classified these as long-term investments as of March 31, 2013 and December 31, 2012. At March 31, 2013 and December 31, 2012, all of our short- and long-term investments, excluding auction rate securities, were recognized at fair value, which was determined based upon observable inputs from our pricing vendors for identical or similar assets. At March 31, 2013 and December 31, 2012, auction rate securities were valued using a discounted cash flow model.

The following tables summarize the composition of our short- and long-term investments at March 31, 2013 and December 31, 2012 (tables in thousands):

	March 31, 2013
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	2,077,989	$	8,548	$	(1,451	)	$	2,085,086
U.S. corporate debt securities	1,512,318		8,924		(436		)	1,520,806
High yield corporate debt securities	496,222		33,603		(766		)	529,059
Asset-backed securities	3,731		3		(4		)	3,730
Municipal obligations	966,539		4,799		(45		)	971,293
Auction rate securities	72,076		—		(3,829		)	68,247
Foreign debt securities	1,408,091		8,092		(720		)	1,415,463
Total fixed income securities	6,536,966		63,969		(7,251		)	6,593,684
Publicly traded equity securities	70,374		40,313		(616		)	110,071
Total	$	6,607,340	$	104,282	$	(7,867	)	$	6,703,755

We held approximately $1.4 billion in foreign debt securities at March 31, 2013. These securities have an average credit rating of A+, and approximately 5% of these securities are deemed sovereign debt with an average credit rating of AA+. None of the securities deemed sovereign debt are from Greece, Italy, Ireland, Portugal, Spain or Cyprus. Additionally, we have an immaterial amount of exposure to French agencies and financial institutions.

	December 31, 2012
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	2,190,957	$	10,225	$	(967	)	$	2,200,215
U.S. corporate debt securities	1,480,026		10,189		(509		)	1,489,706
High yield corporate debt securities	485,799		34,223		(800		)	519,222
Asset-backed securities	2,115		3		—			2,118
Municipal obligations	1,032,320		3,007		(540		)	1,034,787
Auction rate securities	73,545		—		(3,365		)	70,180
Foreign debt securities	1,270,035		9,082		(255		)	1,278,862
Total fixed income securities	6,534,797		66,729		(6,436		)	6,595,090
Publicly traded equity securities	46,665		40,548		(731		)	86,482
Total	$	6,581,462	$	107,277	$	(7,167	)	$	6,681,572

The following tables represent our fair value hierarchy for our financial assets and liabilities measured at fair value as of March 31, 2013 and December 31, 2012 (in thousands):

	March 31, 2013
	Level 1		Level 2			Level 3		Total
Cash	$	1,622,174	$	—		$	—	$	1,622,174
Cash equivalents	3,225,860		456,271			—		3,682,131
U.S. government and agency obligations	1,137,609		947,477			—		2,085,086
U.S. corporate debt securities	—		1,520,806			—		1,520,806
High yield corporate debt securities	—		529,059			—		529,059
Asset-backed securities	—		3,730			—		3,730
Municipal obligations	—		971,293			—		971,293
Auction rate securities	—		—			68,247		68,247
Foreign debt securities	—		1,415,463			—		1,415,463
Publicly traded equity securities	110,071		—			—		110,071
Total cash and investments	$	6,095,714	$	5,844,099		$	68,247	$	12,008,060
Other items:
Strategic investments held at cost	$	—	$	—		$	325,437	$	325,437
Investment in joint venture	—		—			33,226		33,226
Convertible debt	—		(2,534,038		)	—		(2,534,038		)
Foreign exchange derivative assets	—		22,261			—		22,261
Foreign exchange derivative liabilities	—		(40,403		)	—		(40,403		)
Commodity derivative assets	—		75			—		75

	December 31, 2012
	Level 1		Level 2			Level 3		Total
Cash	$	1,493,843	$	—		$	—	$	1,493,843
Cash equivalents	2,898,183		362,034			—		3,260,217
U.S. government and agency obligations	1,324,919		871,290			—		2,196,209
U.S. corporate debt securities	—		1,480,450			—		1,480,450
High yield corporate debt securities	—		510,412			—		510,412
Asset-backed securities	—		2,117			—		2,117
Municipal obligations	—		1,022,889			—		1,022,889
Auction rate securities	—		—			70,086		70,086
Foreign debt securities	—		1,273,023			—		1,273,023
Publicly traded equity securities	86,482		—			—		86,482
Total cash and investments	$	5,803,427	$	5,522,215		$	70,086	$	11,395,728
Other items:
Strategic investments held at cost	$	—	$	—		$	351,855	$	351,855
Investment in joint venture	—		—			32,745		32,745
Convertible debt	—		(2,665,690		)	—		(2,665,690		)
Foreign exchange derivative assets	—		30,189			—		30,189
Foreign exchange derivative liabilities	—		(34,590		)	—		(34,590		)
Commodity derivative assets	—		(588		)	—		(588		)

Our auction rate securities are predominantly rated investment grade and are primarily collateralized by student loans. The underlying loans of all but two of our auction rate securities, with a market value of $16.0 million, have partial guarantees by the U.S. government as part of the Federal Family Education Loan Program (“FFELP”) through the U.S. Department of Education. FFELP guarantees at least 95% of the loans which collateralize the auction rate securities. We believe the quality of the collateral underlying most of our auction rate securities will enable us to recover our principal balance.

To determine the estimated fair value of our investment in auction rate securities, we used a discounted cash flow model using a five year time horizon. As of March 31, 2013, the coupon rates used ranged from 0% to 5% and the discount rate was 1%, which rate represents the rate at which similar FFELP backed securities with a five year time horizon outside of the auction rate securities market were trading at March 31, 2013. The assumptions used in preparing the discounted cash flow model include an incremental discount rate for the lack of liquidity in the market (“liquidity discount margin”) for an estimated period of time. The discount rate we selected was based on AA-rated banks as the majority of our portfolio is invested in student loans where EMC acts as a financier to these lenders. The liquidity discount margin represents an estimate of the additional return an investor would require for the lack of liquidity of these securities over an estimated five year holding period. The rate used for the discount margin was 1% at March 31, 2013 and December 31, 2012 due to the narrowing of credit spreads on AA-rated banks during 2012.

The following table provides a summary of changes in fair value of our Level 3 auction rate securities for the three months ended March 31, 2013 and 2012 (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Balance, beginning of the period	$	70,180		$	74,687
Calls at par value	(580		)	(219		)
Other-than-temporary impairment loss	(889		)	—
(Increase) decrease in previously recognized unrealized losses included in other comprehensive income	(464		)	4,026
Balance, end of the period	$	68,247		$	78,494

Significant changes in the unobservable inputs discussed above could result in a significantly lower or higher fair value measurement. Generally, an increase in the discount rate, liquidity discount margin or coupon rate results in a decrease in our fair value measurement and a decrease in the discount rate, liquidity discount margin or coupon rate results in an increase in our fair value measurement.

We account for our joint venture LenovoEMC using the fair value method of accounting. To determine the estimated fair value of our investment, we use a discounted cash flow model using a three year time horizon. The discount rate used was 6%, which represents the incremental borrowing rate for a market participant. The assumptions used in preparing the discounted cash flow model include an analysis of estimated Lenovo NAS revenue against a prescribed target as well as consideration of the purchase price put and call features included in the joint venture agreement. The put and call features create a floor and a cap on the fair value of the investment. As such, there is a limit to the impact on the fair value that would result from significant changes in the unobservable inputs.

The following table provides a summary of changes in fair value of our LenovoEMC joint venture for the three months ended March 31, 2013 and 2012 (table in thousands):

	For the Three Months Ended
	March 31, 2013		March 31, 2012
Balance, beginning of the period	$	32,745	$	—
Realized gain included in other income (expense)	481		—
Balance, end of period	$	33,226	$	—

We perform a fair value calculation of our strategic investments held at cost on a quarterly basis using the most currently available information as part of our impairment reviews. To determine the estimated fair value of private strategic investments held at cost we use a combination of several valuation techniques including discounted cash flow models, acquisition comparables and trading comparables. In addition, we evaluate the impact of pre- and post-money valuations of recent financing events and the impact of those on our fully diluted ownership percentages, and we consider any available information regarding the issuer’s historical and forecasted performance as well as market comparables and conditions. The fair value of these investments is considered in our review for impairment if any events and changes in circumstances occur that might have a significant adverse effect on their value.

Investment Losses

Unrealized losses on investments at March 31, 2013 by investment category and length of time the investment has been in a continuous unrealized loss position are as follows (table in thousands):

	Less Than 12 Months					12 Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
U.S. government and agency obligations	$	254,486	$	(1,235	)	$	9,295	$	(216	)	$	263,781	$	(1,451	)
U.S. corporate debt securities	273,100		(436		)	—		—			273,100		(436		)
High yield corporate debt securities	43,943		(673		)	164		(93		)	44,107		(766		)
Asset-backed securities	2,666		(4		)	6		—			2,672		(4		)
Municipal obligations	24,624		(33		)	9,587		(12		)	34,211		(45		)
Auction rate securities	—		—			68,247		(3,829		)	68,247		(3,829		)
Foreign debt securities	298,632		(720		)	—		—			298,632		(720		)
Publicly traded equity securities	1,315		(616		)	—		—			1,315		(616		)
Total	$	898,766	$	(3,717	)	$	87,299	$	(4,150	)	$	986,065	$	(7,867	)

For all of our securities for which the amortized cost basis was greater than the fair value at March 31, 2013, we have concluded that currently we neither plan to sell the security nor is it more likely than not that we would be required to sell the security before its anticipated recovery. In making the determination as to whether the unrealized loss is other-than-temporary, we considered the length of time and extent the investment has been in an unrealized loss position, the financial condition and near-term prospects of the issuers, the issuers’ credit rating, third party guarantees and the time to maturity.

Contractual Maturities

The contractual maturities of fixed income securities held at March 31, 2013 are as follows (table in thousands):

	March 31, 2013
	Amortized Cost Basis		Aggregate Fair Value
Due within one year	$	1,220,229	$	1,223,463
Due after 1 year through 5 years	4,423,210		4,450,632
Due after 5 years through 10 years	484,206		511,333
Due after 10 years	409,321		408,256
Total	$	6,536,966	$	6,593,684

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Inventories

3 Months Ended

Mar. 31, 2013

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consist of (table in thousands):

	March 31, 2013		December 31, 2012
Work-in-process	$	612,423	$	605,534
Finished goods	567,588		595,486
	$	1,180,011	$	1,201,020

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Property, Plant and Equipment

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment consist of (table in thousands):

	March 31, 2013			December 31, 2012
Furniture and fixtures	$	203,983		$	197,429
Equipment and software	5,442,443			5,345,314
Buildings and improvements	1,898,946			1,872,559
Land	120,656			120,654
Building construction in progress	232,892			196,891
	7,898,920			7,732,847
Accumulated depreciation	(4,728,753		)	(4,588,299		)
	$	3,170,167		$	3,144,548

Building construction in progress at March 31, 2013 includes $73.6 million for facilities not yet placed in service that we are holding for future use.

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Restructuring and Acquisition-Related Charges - Additional information (Detail) (USD $)	3 Months Ended				12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended		3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 VMware	Mar. 31, 2013 Restructuring 2013 Programs Positions	Dec. 31, 2013 Restructuring 2013 Programs	Mar. 31, 2013 Restructuring 2013 Programs VMware	Dec. 31, 2013 Restructuring 2013 Programs VMware Positions	Mar. 31, 2012 Restructuring 2012 Programs Positions	Dec. 31, 2012 Restructuring 2012 Programs Positions	Dec. 31, 2013 Consolidation of excess facilities and other contractual obligations	Mar. 31, 2013 Consolidation of excess facilities and other contractual obligations Restructuring 2013 Programs VMware	Mar. 31, 2013 Workforce reductions Restructuring 2013 Programs VMware	Dec. 31, 2013 Minimum Restructuring 2013 Programs VMware	Dec. 31, 2013 Minimum Consolidation of excess facilities and other contractual obligations Restructuring 2013 Programs VMware	Dec. 31, 2013 Minimum Workforce reductions Restructuring 2013 Programs VMware	Dec. 31, 2013 Maximum Restructuring 2013 Programs VMware	Dec. 31, 2013 Maximum Consolidation of excess facilities and other contractual obligations Restructuring 2013 Programs VMware	Dec. 31, 2013 Maximum Workforce reductions Restructuring 2013 Programs VMware
Restructuring Cost and Reserve [Line Items]
Restructuring and Acquisition-related Charges	$ 147,724,000	$ 25,893,000
Assets Held-for-sale, Current			26,900,000
Restructuring charges	81,700,000	24,200,000	53,800,000			53,847,000					0	53,847,000
Asset Impairment Charges			9,000,000
Acquisition-related charges	1,900,000	1,700,000	1,300,000
Restructuring and Related Cost, Number of Positions Eliminated				1,004			800	298	1,163
Restructuring and Related Cost, Expected Cost					80,000,000									15,000,000	60,000,000		25,000,000	65,000,000
Restructuring and Related Cost, Expected Cost, to be Settled with Cash					73,000,000								60,000,000			75,000,000
Lease termination costs for facilities	7,100,000	3,700,000
Date of completion of workforce reduction and/or consolidation of facilities				within a year of the start of each program		by the end of 2013	through the end of 2013		2013	2015
Liabilities of Disposal Group, Including Discontinued Operation, Current			$ 27,200,000

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Commitments and Contingencies - Additional Information (Detail) (USD $)	Mar. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Available for use credit line	$ 50,000,000
Borrowings outstanding on line of credit	$ 0

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Reclassification Out of Accumulated Other Comprehensive Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 Accumulated Net Unrealized Investment Gain (Loss)	Dec. 31, 2012 Accumulated Net Unrealized Investment Gain (Loss)	Mar. 31, 2013 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Dec. 31, 2012 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Mar. 31, 2013 Accumulated Defined Benefit Plans Adjustment	Dec. 31, 2012 Accumulated Defined Benefit Plans Adjustment	Mar. 31, 2013 Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Mar. 31, 2013 Foreign Exchange Contract Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Mar. 31, 2013 Unrealized Gain (Loss) Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Unrealized Investment Gain (Loss)	Mar. 31, 2013 Unrealized Gain on Investments Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Unrealized Investment Gain (Loss)
Reclassification out of Accumulated Other Comprehensive Income
Investment income	$ 33,163	$ 29,452									$ 5,865
Product sales revenue	3,111,936	3,068,857								10,021
Cost of product sales	(1,355,985)	(1,301,550)								(3,879)
Total net gain on derivatives before tax									6,142
Provision for income tax	(76,060)	(190,910)	(36,000)	(36,600)	66,900	67,200	87,300	87,300	(768)			(2,104)
Net of tax									$ 5,374		$ 3,761

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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2013

Stockholders' Equity Note [Abstract]

Reconciliation from Basic to Diluted Earnings Per Share

The reconciliation from basic to diluted earnings per share for both the numerators and denominators is as follows (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Numerator:
Net income attributable to EMC Corporation	$	580,050		$	586,842
Incremental dilution from VMware	(1,485		)	(2,891		)
Net income – dilution attributable to EMC Corporation	$	578,565		$	583,951
Denominator:
Weighted average shares, basic	2,102,368			2,067,828
Weighted common stock equivalents	30,397			45,606
Assumed conversion of the 2013 Notes and associated warrants	56,645			88,499
Weighted average shares, diluted	2,189,410			2,201,933

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive income (loss), which is presented net of tax, consist of the following (table in thousands):

	Foreign Currency Translation Adjustments			Unrealized Net Gains on Investments			Unrealized Net Losses on Derivatives			Recognition of Actuarial Net Loss from Pension and Other Postretirement Plans			Accumulated Other Comprehensive Income Attributable to the Non-controlling Interest in VMware, Inc.			Total
Balance as of December 31, 2012(a)	$	(8,786	)	$	63,485		$	(108,645	)	$	(153,172	)	$	(1,155	)	$	(208,273	)
Other comprehensive income before reclassifications	(31,205		)	719			5,866			—			57			(24,563		)
Net losses (gains) reclassified from accumulated other comprehensive income	—			(3,761		)	(5,374		)	—			—			(9,135		)
Net current period other comprehensive income	(31,205		)	(3,042		)	492			—			57			(33,698		)
Balance at March 31, 2013(b)	$	(39,991	)	$	60,443		$	(108,153	)	$	(153,172	)	$	(1,098	)	$	(241,971	)

(a) Net of taxes (benefits) of $36.6 million for unrealized net gains on investments, $(67.2) million for unrealized net losses on derivatives and $(87.3) million for actuarial net loss on pension plans.

(b) Net of taxes (benefits) of $36.0 million for unrealized net gains on investments, $(66.9) million for unrealized net losses on derivatives and $(87.3) million for actuarial net loss on pension plans.

Reclassification Out Of Accumulated Other Comprehensive Income

The amounts reclassified out of accumulated other comprehensive income (loss) for the three months ended March 31, 2013 are as follows (table in thousands):

Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Impacted Line Item on Consolidated Income Statements
Net gain on investments:	$	5,865		Investment income
	(2,104		)	Provision for income tax
Net of tax	$	3,761
Net gain on derivatives:
Foreign exchange contracts	$	10,021		Product sales revenue
Foreign exchange contracts	(3,879		)	Cost of product sales
Total net gain on derivatives before tax	6,142
	(768		)	Provision for income tax
Net of tax	$	5,374

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Components of Inventories (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Inventory Disclosure [Abstract]
Work-in-process	$ 612,423	$ 605,534
Finished goods	567,588	595,486
Inventory, Net, Total	$ 1,180,011	$ 1,201,020

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Restructuring and Acquisition-Related Charges

3 Months Ended

Mar. 31, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Acquisition-Related Charges

Restructuring and Acquisition-Related Charges

For the three months ended March 31, 2013 and 2012, we incurred restructuring and acquisition-related charges of $147.7 million and $25.9 million, respectively. For the three months ended March 31, 2013, EMC incurred $81.7 million of restructuring charges, primarily related to our current year restructuring programs and $1.9 million of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three months ended March 31, 2013, VMware incurred $53.8 million of restructuring charges related to workforce reductions as part of its current year restructuring program, $9.0 million of impairment charges related to its business realignment and $1.3 million of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three months ended March 31, 2012, we incurred $24.2 million of restructuring charges, primarily related to our 2012 restructuring programs and $1.7 million of costs in connection with acquisitions for financial advisory, legal and accounting services.

In the first quarter of 2013, EMC implemented restructuring programs to create further operational efficiencies which will result in a workforce reduction of 1,004 positions. The actions will impact positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments, and is expected to result in a total charge of approximately $80.0 million, with total cash payments associated with the plan expected to be approximately $73.0 million. All of these actions are expected to be completed within a year of the start of each program.

In the first quarter of 2013, VMware implemented a plan to streamline its operations in order to focus its business on strategic areas it has determined to be most compelling. The plan includes the elimination of approximately 800 positions across all major functional groups and geographies, and is expected to result in a charge in the range of $60.0 million to $65.0 million, of which $53.8 million was recognized during the three months ended March 31, 2013. Additionally, VMware exited and is planning to exit certain lines of business and consolidate facilities, which is expected to result in a total charge, including asset impairments, in the range of $15.0 million to $25.0 million, of which $9.0 million was recognized during the three months ended March 31, 2013. All of these actions are expected to be completed by the end of 2013. The total cash expenditures associated with the plan are expected to be in the range of $60.0 million to $75.0 million. The associated cash payments are expected to be paid out primarily through the end of 2013.

During 2012, we implemented separate restructuring programs to create further operational efficiencies which resulted in a workforce reduction of 1,163 positions, of which 298 positions were identified in the three months ended March 31, 2012. The actions impacted positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments. All of these actions are expected to be completed by the end of 2013.

For the three months ended March 31, 2013 and 2012, we recognized $7.1 million and $3.7 million, respectively, of lease termination costs for facilities vacated in the period in accordance with our plan as part of all of our restructuring programs and for costs associated with terminating other contractual obligations. These costs are expected to be utilized by the end of 2015.

The activity for the restructuring programs is presented below (tables in thousands):

Three Months Ended March 31, 2013:

2013 EMC Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of March 31, 2013
Workforce reductions	$	—	$	79,409	$	(13,515	)	$	65,894
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	—	$	79,409	$	(13,515	)	$	65,894

2013 VMware Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of March 31, 2013
Workforce reductions	$	—	$	53,847	$	(28,062	)	$	25,785
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	—	$	53,847	$	(28,062	)	$	25,785

Other EMC Programs
Category	Balance as of December 31, 2012		Adjustments to the Provision			Utilization			Balance as of March 31, 2013
Workforce reductions	$	62,962	$	(4,878	)	$	(12,233	)	$	45,851
Consolidation of excess facilities and other contractual obligations	28,427		7,130			(5,377		)	30,180
Total	$	91,389	$	2,252		$	(17,610	)	$	76,031

Three Months Ended March 31, 2012:

2012 EMC Programs
Category	Balance as of December 31, 2011		2012 Charges		Utilization			Balance as of March 31, 2012
Workforce reductions	$	—	$	23,348	$	(2,706	)	$	20,642
Consolidation of excess facilities and other contractual obligations	—		1,318		(710		)	608
Total	$	—	$	24,666	$	(3,416	)	$	21,250

Other EMC Programs
Category	Balance as of December 31, 2011		Adjustments to the Provision			Utilization			Balance as of March 31, 2012
Workforce reductions	$	49,863	$	(2,876	)	$	(15,675	)	$	31,312
Consolidation of excess facilities and other contractual obligations	30,112		2,389			(4,320		)	28,181
Total	$	79,975	$	(487	)	$	(19,995	)	$	59,493

As of March 31, 2013, VMware had reclassified $26.9 million in assets, primarily intangible assets, to assets held for sale for a line of business it plans to exit. Additionally, $27.2 million in unearned revenues was reclassified to liabilities held for sale. Assets held for sale are reported in other current assets, while liabilities held for sale are reported in accrued expenses on the consolidated balance sheet as of March 31, 2013.

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Non-controlling Interest in VMware, Inc. (Tables)

3 Months Ended

Mar. 31, 2013

Noncontrolling Interest [Abstract]

Effect of Changes in Ownership Interest in VMware on Equity

The effect of changes in our ownership interest in VMware on our equity was as follows (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Net income attributable to EMC Corporation	$	580,050		$	586,842
Transfers (to) from the non-controlling interest in VMware, Inc.:
Increase in EMC Corporation’s additional paid-in-capital for VMware’s equity issuances	35,777			61,261
Decrease in EMC Corporation’s additional paid-in-capital for VMware’s other equity activity	(167,753		)	(42,270		)
Net transfers (to) from non-controlling interest	(131,976		)	18,991
Change from net income attributable to EMC Corporation and transfers from the non-controlling interest in VMware, Inc.	$	448,074		$	605,833

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Fair Value of Financial Assets and Liabilities Unrealized Losses on Investments by Investment Category and Length of Time in Continuous Unrealized Loss Position (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	$ 898,766
Less than 12 Months Unrealized Losses	(3,717)
12 Months or Greater Fair Value	87,299
12 Months or Greater Unrealized Losses	(4,150)
Total Fair Value	986,065
Total, Gross Unrealized Losses	7,867
US Government Agencies Debt Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	254,486
Less than 12 Months Unrealized Losses	(1,235)
12 Months or Greater Fair Value	9,295
12 Months or Greater Unrealized Losses	(216)
Total Fair Value	263,781
Total, Gross Unrealized Losses	1,451
US Corporate Debt Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	273,100
Less than 12 Months Unrealized Losses	(436)
12 Months or Greater Fair Value	0
12 Months or Greater Unrealized Losses	0
Total Fair Value	273,100
Total, Gross Unrealized Losses	436
High Yield Corporate Debt Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	43,943
Less than 12 Months Unrealized Losses	(673)
12 Months or Greater Fair Value	164
12 Months or Greater Unrealized Losses	(93)
Total Fair Value	44,107
Total, Gross Unrealized Losses	766
Municipal Obligations
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	24,624
Less than 12 Months Unrealized Losses	(33)
12 Months or Greater Fair Value	9,587
12 Months or Greater Unrealized Losses	(12)
Total Fair Value	34,211
Total, Gross Unrealized Losses	45
Auction Rate Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	0
Less than 12 Months Unrealized Losses	0
12 Months or Greater Fair Value	68,247
12 Months or Greater Unrealized Losses	(3,829)
Total Fair Value	68,247
Total, Gross Unrealized Losses	3,829
Foreign Debt Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	298,632
Less than 12 Months Unrealized Losses	(720)
12 Months or Greater Fair Value	0
12 Months or Greater Unrealized Losses	0
Total Fair Value	298,632
Total, Gross Unrealized Losses	720
Publicly Traded Equity Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	1,315
Less than 12 Months Unrealized Losses	(616)
12 Months or Greater Fair Value	0
12 Months or Greater Unrealized Losses	0
Total Fair Value	1,315
Total, Gross Unrealized Losses	$ 616

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Business Combinations, Intangibles and Goodwill - Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	$ 4,275,877	$ 4,275,726
Accumulated Amortization	(2,338,352)	(2,240,386)
Net Book Value	1,937,525	2,035,340
Purchased Technology
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	2,234,505	2,233,293
Accumulated Amortization	(1,262,348)	(1,207,373)
Net Book Value	972,157	1,025,920
Patents
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	225,146	225,146
Accumulated Amortization	(90,673)	(86,954)
Net Book Value	134,473	138,192
Software Licenses
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	96,695	96,218
Accumulated Amortization	(88,542)	(87,999)
Net Book Value	8,153	8,219
Trademarks And Tradenames
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	172,821	172,821
Accumulated Amortization	(105,622)	(101,399)
Net Book Value	67,199	71,422
Customer Relationships And Customer Lists
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	1,367,327	1,377,465
Accumulated Amortization	(756,562)	(723,403)
Net Book Value	610,765	654,062
In Process Research And Development
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	8,600
Accumulated Amortization	0
Net Book Value	8,600
Leasehold Interest
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	144,811	144,811
Accumulated Amortization	(7,910)	(6,843)
Net Book Value	136,901	137,968
Other Intangible Assets
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	25,972	25,972
Accumulated Amortization	(26,695)	(26,415)
Net Book Value	$ (723)	$ (443)

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Net income	$ 614,954	$ 625,979
Other comprehensive income (loss), net of taxes (benefits):
Foreign currency translation adjustments	(31,205)	14,986
Changes in market value of investments:
Changes in unrealized gains (losses), net of taxes (benefits) of $1,451 and $15,718	719	26,488
Reclassification adjustment for net losses (gains) realized in net income, net of benefits (taxes) of $(2,104) and $(1,024)	(3,761)	(1,529)
Net change in market value of investments	(3,042)	24,959
Changes in market value of derivatives:
Changes in market value of derivatives, net of taxes (benefits) of $1,091 and $5,918	5,866	10,001
Reclassification adjustment for net losses (gains) included in net income, net of benefits (taxes) of $(768) and $5	(5,374)	33
Net change in market value of derivatives	492	10,034
Other comprehensive income (loss)	(33,755)	49,979
Comprehensive income	581,199	675,958
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(34,904)	(39,137)
Less: Other comprehensive income (loss) attributable to the non-controlling interest in VMware, Inc.	57	(662)
Comprehensive income attributable to EMC Corporation	$ 546,352	$ 636,159

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Non-controlling Interest in VMware, Inc.

3 Months Ended

Mar. 31, 2013

Noncontrolling Interest [Abstract]

Non-controlling Interest in VMware, Inc.

Non-controlling Interest in VMware, Inc.

The non-controlling interests’ share of equity in VMware is reflected as Non-controlling interest in VMware, Inc. in the accompanying consolidated balance sheets and was $1,178.3 million and $1,166.6 million as of March 31, 2013 and December 31, 2012, respectively. At March 31, 2013, EMC held approximately 97% of the combined voting power of VMware’s outstanding common stock and approximately 80% of the economic interest in VMware.

The effect of changes in our ownership interest in VMware on our equity was as follows (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Net income attributable to EMC Corporation	$	580,050		$	586,842
Transfers (to) from the non-controlling interest in VMware, Inc.:
Increase in EMC Corporation’s additional paid-in-capital for VMware’s equity issuances	35,777			61,261
Decrease in EMC Corporation’s additional paid-in-capital for VMware’s other equity activity	(167,753		)	(42,270		)
Net transfers (to) from non-controlling interest	(131,976		)	18,991
Change from net income attributable to EMC Corporation and transfers from the non-controlling interest in VMware, Inc.	$	448,074		$	605,833

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Activity in Warranty Accrual for Product Warranty (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance, beginning of the period	$ 277,862	$ 254,554
Provision	44,628	48,253
Amounts charged to the accrual	(39,917)	(39,626)
Balance, end of the period	$ 282,573	$ 263,181

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Revenues By Geographic Area (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Segment Reporting Information [Line Items]
Total consolidated revenues	$ 5,387,383	$ 5,094,378
United States
Segment Reporting Information [Line Items]
Total consolidated revenues	2,831,763	2,633,394
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Total consolidated revenues	1,477,253	1,464,292
Asia Pacific And Japan
Segment Reporting Information [Line Items]
Total consolidated revenues	737,996	711,693
Latin America, Mexico And Canada
Segment Reporting Information [Line Items]
Total consolidated revenues	$ 340,371	$ 284,999

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Business Combinations, Intangibles and Goodwill (Tables)

3 Months Ended

Mar. 31, 2013

Business Combination, Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Excluding Goodwill

Intangible Assets

Intangible assets, excluding goodwill, as of March 31, 2013 and December 31, 2012 consist of (tables in thousands):

	March 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,234,505	$	(1,262,348	)	$	972,157
Patents	225,146		(90,673		)	134,473
Software licenses	96,695		(88,542		)	8,153
Trademarks and tradenames	172,821		(105,622		)	67,199
Customer relationships and customer lists	1,367,327		(756,562		)	610,765
In-process research and development	8,600		—			8,600
Leasehold interest	144,811		(7,910		)	136,901
Other	25,972		(26,695		)	(723		)
Total intangible assets, excluding goodwill	$	4,275,877	$	(2,338,352	)	$	1,937,525

	December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,233,293	$	(1,207,373	)	$	1,025,920
Patents	225,146		(86,954		)	138,192
Software licenses	96,218		(87,999		)	8,219
Trademarks and tradenames	172,821		(101,399		)	71,422
Customer relationships and customer lists	1,377,465		(723,403		)	654,062
Leasehold interest	144,811		(6,843		)	137,968
Other	25,972		(26,415		)	(443		)
Total intangible assets, excluding goodwill	$	4,275,726	$	(2,240,386	)	$	2,035,340

Changes in Carrying Amount of Goodwill

Goodwill

Changes in the carrying amount of goodwill, net, on a consolidated basis and by segment, for the three months ended March 31, 2013 and the year ended December 31, 2012 consist of (tables in thousands):

	Three Months Ended March 31, 2013
	Information Storage		Information Intelligence Group		RSA Information Security			VMware Virtual Infrastructure			Total
Balance, beginning of the period	$	7,441,351	$	1,484,220	$	2,022,406		$	2,891,723		$	13,839,700
Goodwill resulting from acquisitions	—		—		—			162,334			162,334
Finalization of purchase price allocations	270		6		(1,003		)	(7,395		)	(8,122		)
Balance, end of the period	$	7,441,621	$	1,484,226	$	2,021,403		$	3,046,662		$	13,993,912

	Year Ended December 31, 2012
	Information Storage			Information Intelligence Group			RSA Information Security			VMware Virtual Infrastructure			Total
Balance, beginning of the year	$	7,033,965		$	1,469,216		$	1,849,116		$	1,802,673		$	12,154,970
Goodwill resulting from acquisitions	437,868			15,097			179,389			1,091,673			1,724,027
Tax deduction from exercise of stock options	(7		)	(93		)	—			—			(100		)
Finalization of purchase price allocations	(1,281		)	—			(6,099		)	(2,623		)	(10,003		)
Goodwill derecognized in divestiture of business	(29,194		)	—			—			—			(29,194		)
Balance, end of the year	$	7,441,351		$	1,484,220		$	2,022,406		$	2,891,723		$	13,839,700

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Non-controlling Interest in VMware, Inc. - Additional Information (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Noncontrolling Interest [Abstract]
Non-controlling interest in VMware, Inc.	$ 1,178,258	$ 1,166,648
Voting power of VMware's outstanding common stock	97.00%
Percentage of ownership interest in VMware, Inc.	80.00%

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Stockholders' Equity

3 Months Ended

Mar. 31, 2013

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Stockholders’ Equity

The reconciliation from basic to diluted earnings per share for both the numerators and denominators is as follows (table in thousands):

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Numerator:
Net income attributable to EMC Corporation	$	580,050		$	586,842
Incremental dilution from VMware	(1,485		)	(2,891		)
Net income – dilution attributable to EMC Corporation	$	578,565		$	583,951
Denominator:
Weighted average shares, basic	2,102,368			2,067,828
Weighted common stock equivalents	30,397			45,606
Assumed conversion of the 2013 Notes and associated warrants	56,645			88,499
Weighted average shares, diluted	2,189,410			2,201,933

Due to the cash settlement feature of the principal amount of the 2013 Notes, we only include the impact of the premium feature in our diluted earnings per share calculation when the 2013 Notes are convertible due to maturity or when the average stock price exceeds the conversion price of the 2013 Notes.

Concurrent with the issuance of the 2011 Notes and 2013 Notes, we also entered into separate transactions in which we sold warrants to acquire, subject to customary anti-dilution adjustments, approximately 215 million shares of our common stock at an exercise price of approximately $19.55 per share of our common stock. Half of the associated warrants were exercised during the three months ended March 31, 2013. We include the impact of the remaining outstanding sold warrants in our diluted earnings per share calculation when the average stock price exceeds the exercise price.

Restricted stock awards, restricted stock units and options to acquire 3.1 million and 4.6 million of our common stock for the three months ended March 31, 2013 and 2012, respectively, were excluded from the calculation of diluted earnings per share because they were antidilutive. The incremental dilution from VMware represents the impact of VMware’s dilutive securities on EMC’s consolidated diluted net income per share and is calculated by multiplying the difference between VMware’s basic and diluted earnings per share by the number of VMware shares owned by EMC.

Repurchases of Common Stock

We utilize both authorized and unissued shares (including repurchased shares) for all issuances under our equity plans. In 2008, our Board of Directors authorized the repurchase of 250.0 million shares of our common stock. For the three months ended March 31, 2013, we spent $308.0 million to repurchase 12.6 million shares of our common stock. Of the 250.0 million shares authorized for repurchase, we have repurchased 235.5 million shares at a total cost of $4.7 billion, leaving a remaining balance of 14.5 million shares authorized for future repurchases. In February 2013, our Board of Directors authorized the repurchase of an additional 250.0 million shares of our common stock. We plan to spend up to $1.0 billion in 2013 on common stock repurchases.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss), which is presented net of tax, consist of the following (table in thousands):

	Foreign Currency Translation Adjustments			Unrealized Net Gains on Investments			Unrealized Net Losses on Derivatives			Recognition of Actuarial Net Loss from Pension and Other Postretirement Plans			Accumulated Other Comprehensive Income Attributable to the Non-controlling Interest in VMware, Inc.			Total
Balance as of December 31, 2012(a)	$	(8,786	)	$	63,485		$	(108,645	)	$	(153,172	)	$	(1,155	)	$	(208,273	)
Other comprehensive income before reclassifications	(31,205		)	719			5,866			—			57			(24,563		)
Net losses (gains) reclassified from accumulated other comprehensive income	—			(3,761		)	(5,374		)	—			—			(9,135		)
Net current period other comprehensive income	(31,205		)	(3,042		)	492			—			57			(33,698		)
Balance at March 31, 2013(b)	$	(39,991	)	$	60,443		$	(108,153	)	$	(153,172	)	$	(1,098	)	$	(241,971	)

(a) Net of taxes (benefits) of $36.6 million for unrealized net gains on investments, $(67.2) million for unrealized net losses on derivatives and $(87.3) million for actuarial net loss on pension plans.

(b) Net of taxes (benefits) of $36.0 million for unrealized net gains on investments, $(66.9) million for unrealized net losses on derivatives and $(87.3) million for actuarial net loss on pension plans.

The amounts reclassified out of accumulated other comprehensive income (loss) for the three months ended March 31, 2013 are as follows (table in thousands):

Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Impacted Line Item on Consolidated Income Statements
Net gain on investments:	$	5,865		Investment income
	(2,104		)	Provision for income tax
Net of tax	$	3,761
Net gain on derivatives:
Foreign exchange contracts	$	10,021		Product sales revenue
Foreign exchange contracts	(3,879		)	Cost of product sales
Total net gain on derivatives before tax	6,142
	(768		)	Provision for income tax
Net of tax	$	5,374