10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended June 30, 2013

OR

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 June 30, 2013 was 2,080,853,985.

EMC CORPORATION

	Page No.
PART I — FINANCIAL INFORMATION
Item 1. Financial Statements (unaudited)
Consolidated Balance Sheets at June 30, 2013 and December 31, 2012	3
Consolidated Income Statements for the Three and Six Months Ended June 30, 2013 and 2012	4
Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2013 and 2012	5
Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2013 and 2012	6
Consolidated Statements of Shareholders’ Equity for the Six Months Ended June 30, 2013 and 2012	7
Notes to Consolidated Financial Statements	8
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	33
Item 3. Quantitative and Qualitative Disclosures About Market Risk	47
Item 4. Controls and Procedures	47
PART II — OTHER INFORMATION
Item 1. Legal Proceedings	48
Item 1A. Risk Factors	48
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	57
Item 3. Defaults Upon Senior Securities	57
Item 4. Mine Safety Disclosures	58
Item 5. Other Information	58
Item 6. Exhibits	58
SIGNATURES	59
EXHIBIT INDEX	60

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 millions, except per share amounts)

	June 30, 2013			December 31, 2012
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	7,526		$	4,714
Short-term investments	3,620			1,422
Accounts and notes receivable, less allowance for doubtful accounts of $64 and $68	3,204			3,433
Inventories	1,233			1,201
Deferred income taxes	940			942
Other current assets	651			465
Total current assets	17,174			12,177
Long-term investments	6,430			5,260
Property, plant and equipment, net	3,291			3,145
Intangible assets, net	1,833			2,035
Goodwill	13,994			13,840
Other assets, net	1,676			1,612
Total assets	$	44,398		$	38,069
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	1,013		$	1,041
Accrued expenses	2,671			2,522
Income taxes payable	159			514
Convertible debt (See Note 4)	1,669			1,652
Deferred revenue	4,997			4,575
Total current liabilities	10,509			10,304
Income taxes payable	297			293
Deferred revenue	3,276			2,976
Deferred income taxes	516			575
Long-term debt (See Note 4)	5,493			—
Other liabilities	349			339
Total liabilities	20,440			14,487
Convertible debt (See Note 4)	26			58
Commitments and contingencies (See Note 14)
Shareholders’ equity:
Preferred stock, par value $0.01; authorized 25 shares; none outstanding	—			—
Common stock, par value $0.01; authorized 6,000 shares; issued and outstanding 2,080 and 2,107 shares	21			21
Additional paid-in capital	2,946			3,691
Retained earnings	19,922			18,853
Accumulated other comprehensive loss, net	(299		)	(208		)
Total EMC Corporation’s shareholders’ equity	22,590			22,357
Non-controlling interests	1,342			1,167
Total shareholders’ equity	23,932			23,524
Total liabilities and shareholders’ equity	$	44,398		$	38,069

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

3

EMC CORPORATION

CONSOLIDATED INCOME STATEMENTS

(in millions, except per share amounts)

(unaudited)

	For the Three Months Ended						For the Six Months Ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Revenues:
Product sales	$	3,258		$	3,179		$	6,369		$	6,248
Services	2,356			2,132			4,632			4,158
	5,614			5,311			11,001			10,406
Costs and expenses:
Cost of product sales	1,340			1,254			2,696			2,556
Cost of services	765			710			1,498			1,389
Research and development	695			655			1,370			1,244
Selling, general and administrative	1,785			1,717			3,499			3,367
Restructuring and acquisition-related charges	7			28			155			53
Operating income	1,022			947			1,783			1,797
Non-operating income (expense):
Investment income	34			26			67			55
Interest expense	(31		)	(18		)	(51		)	(37		)
Other expense, net	(59		)	(51		)	(142		)	(95		)
Total non-operating income (expense)	(56		)	(43		)	(126		)	(77		)
Income before provision for income taxes	966			904			1,657			1,720
Income tax provision	216			214			292			405
Net income	750			690			1,365			1,315
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(49		)	(40		)	(84		)	(79		)
Net income attributable to EMC Corporation	$	701		$	650		$	1,281		$	1,236
Net income per weighted average share, basic attributable to EMC Corporation common shareholders	$	0.34		$	0.31		$	0.61		$	0.59
Net income per weighted average share, diluted attributable to EMC Corporation common shareholders	$	0.32		$	0.29		$	0.59		$	0.56
Weighted average shares, basic	2,092			2,096			2,097			2,082
Weighted average shares, diluted	2,174			2,208			2,181			2,205
Cash dividends declared per common share	$	0.10		$	—		$	0.10		$	—

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

4

EMC CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions)

(unaudited)

	For the Three Months Ended						For the Six Months Ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Net income	$	750		$	690		$	1,365		$	1,315
Other comprehensive income (loss), net of taxes (benefits):
Foreign currency translation adjustments	(25		)	(23		)	(56		)	(8		)
Changes in market value of investments:
Changes in unrealized gains (losses), net of taxes (benefits) of $(17), $11, $(15) and $27	(30		)	18			(29		)	44
Reclassification adjustment for net losses (gains) realized in net income, net of benefits (taxes) of $(2), $0, $(5) and $(1)	(4		)	1			(8		)	(1		)
Net change in market value of investments	(34		)	19			(37		)	43
Changes in market value of derivatives:
Changes in market value of derivatives, net of taxes (benefits) of $1, $(21), $2 and $(15)	2			(33		)	8			(23		)
Reclassification adjustment for net losses (gains) included in net income, net of benefits (taxes) of $0, $14, $(1) and $14	(3		)	19			(8		)	19
Net change in the market value of derivatives	(1		)	(14		)	—			(4		)
Other comprehensive income (loss)	(60		)	(18		)	(93		)	31
Comprehensive income	690			672			1,272			1,346
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(49		)	(40		)	(84		)	(79		)
Less: Other comprehensive income attributable to the non-controlling interest in VMware, Inc.	2			—			2			—
Comprehensive income attributable to EMC Corporation	$	643		$	632		$	1,190		$	1,267

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

5

EMC CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) (unaudited)
	For the Six Months Ended
	June 30, 2013			June 30, 2012
Cash flows from operating activities:
Cash received from customers	$	12,007		$	11,286
Cash paid to suppliers and employees	(8,485		)	(8,051		)
Dividends and interest received	79			14
Interest paid	(18		)	(16		)
Income taxes paid	(642		)	(308		)
Net cash provided by operating activities	2,941			2,925
Cash flows from investing activities:
Additions to property, plant and equipment	(437		)	(332		)
Capitalized software development costs	(219		)	(207		)
Purchases of short- and long-term available-for-sale securities	(6,456		)	(3,590		)
Sales of short- and long-term available-for-sale securities	2,394			2,455
Maturities of short- and long-term available-for-sale securities	564			583
Business acquisitions, net of cash acquired	(207		)	(625		)
Purchases of strategic and other related investments	(46		)	(16		)
Sales of strategic and other related investments	—			51
Joint venture funding	(158		)	(107		)
Proceeds from divestiture of businesses	31			—
Net cash used in investing activities	(4,534		)	(1,788		)
Cash flows from financing activities:
Proceeds from the issuance of EMC’s common stock	175			300
Proceeds from the issuance of VMware’s common stock	115			144
EMC repurchase of EMC’s common stock	(991		)	(260		)
EMC purchase of VMware’s common stock	(160		)	(95		)
VMware repurchase of VMware’s common stock	(302		)	(178		)
Excess tax benefits from stock-based compensation	63			155
Payment of long-term and short-term obligations	(21		)	(1,714		)
Proceeds from long-term and short-term obligations	5,463			3
Interest rate contract settlement	—			(24		)
Third party contribution to Pivotal	105			—
Net cash provided by (used in) financing activities	4,447			(1,669		)
Effect of exchange rate changes on cash and cash equivalents	(42		)	(10		)
Net increase (decrease) in cash and cash equivalents	2,812			(542		)
Cash and cash equivalents at beginning of period	4,714			4,492
Cash and cash equivalents at end of period	$	7,526		$	3,950
Reconciliation of net income to net cash provided by operating activities:
Net income	$	1,365		$	1,315
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	803			743
Non-cash interest expense on debt	24			20
Non-cash restructuring and other special charges	7			7
Stock-based compensation expense	441			423
Provision for (recovery of) doubtful accounts	(3		)	24
Deferred income taxes, net	(55		)	(117		)
Excess tax benefits from stock-based compensation	(63		)	(155		)
Other, net	11			(37		)
Changes in assets and liabilities, net of acquisitions:
Accounts and notes receivable	243			(24		)
Inventories	(178		)	(172		)
Other assets	119			28
Accounts payable	(28		)	(69		)
Accrued expenses	(211		)	(162		)
Income taxes payable	(290		)	214
Deferred revenue	766			880
Other liabilities	(10		)	7
Net cash provided by operating activities	$	2,941		$	2,925

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

6

EMC CORPORATION

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

(in millions)

(unaudited)

For the six months endedJune 30, 2013:

	Common Stock				Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Non-controlling Interests			Shareholders’ Equity
	Shares		Par Value
Balance, January 1, 2013	2,107		$	21	$	3,691		$	18,853		$	(208	)	$	1,167		$	23,524
Stock issued through stock option and stock purchase plans	11		—		175			—			—			—			175
Tax benefit from stock options exercised	—		—		46			—			—			—			46
Restricted stock grants, cancellations and withholdings, net	4		—		(51		)	—			—			—			(51		)
Repurchase of common stock	(42	)	—		(1,000		)	—			—			—			(1,000		)
EMC purchase of VMware stock	—		—		(124		)	—			—			(26		)	(150		)
Stock-based compensation	—		—		445			—			—			—			445
Cash dividends declared	—		—		—			(212		)	—			—			(212		)
Impact from equity transactions of non-controlling interests	—		—		(269		)	—			—			119			(150		)
Change in market value of investments	—		—		—			—			(35		)	(2		)	(37		)
Translation adjustment	—		—		—			—			(56		)	—			(56		)
Convertible debt conversions and warrant settlement	—		—		1			—			—			—			1
Reclassification of convertible debt (to)/from mezzanine (Note 4)	—		—		32			—			—			—			32
Net income	—		—		—			1,281			—			84			1,365
Balance, June 30, 2013	2,080		$	21	$	2,946		$	19,922		$	(299	)	$	1,342		$	23,932

For the six months endedJune 30, 2012:

	Common Stock				Additional Paid-in Capital			Retained Earnings		Accumulated Other Comprehensive Loss			Non-controlling Interests			Shareholders’ Equity
	Shares		Par Value
Balance, January 1, 2012	2,050		$	21	$	3,405		$	16,121	$	(235	)	$	968		$	20,280
Stock issued through stock option and stock purchase plans	22		—		300			—		—			—			300
Tax benefit from stock options exercised	—		—		184			—		—			—			184
Restricted stock grants, cancellations and withholdings, net	5		—		(67		)	—		—			—			(67		)
Repurchase of common stock	(10	)	—		(260		)	—		—			—			(260		)
EMC purchase of VMware stock	—		—		(83		)	—		—			(12		)	(95		)
Stock options issued in business acquisitions	—		—		1			—		—			—			1
Stock-based compensation	—		—		425			—		—			—			425
Impact from equity transactions of VMware, Inc.	—		—		(172		)	—		—			67			(105		)
Change in market value of investments	—		—		—			—		43			—			43
Change in market value of derivatives	—		—		—			—		(4		)	—			(4		)
Translation adjustment	—		—		—			—		(8		)	—			(8		)
Convertible debt conversions and warrant settlement	32		—		(1		)	—		—			—			(1		)
Reclassification of convertible debt (to)/from mezzanine (Note 4)	—		—		31			—		—			—			31
Net income	—		—		—			1,236		—			79			1,315
Balance, June 30, 2012	2,099		$	21	$	3,763		$	17,357	$	(204	)	$	1,102		$	22,039

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 GoPivotal, Inc. ("Pivotal") business was formed in the second quarter of 2013. Pivotal unites strategic technology, people and programs from EMC and VMware, Inc. ("VMware"), including Greenplum, Cloud Foundry, Spring, Cetas, Pivotal Labs, GemFire and other products from the VMware vFabric Suite. Pivotal is building a new platform comprising next-generation data fabrics, application fabrics and a cloud-independent platform as a service ("PaaS").

EMC’s VMware Virtual Infrastructure business, which is represented by EMC’s majority equity stake in 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, as well as Pivotal and VMware, companies 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- and six-month periods ended June 30, 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 ("2013 Notes") 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

Certain prior year amounts have been reclassified to conform with the current year's presentation. During the second quarter of 2013, EMC and VMware combined certain operations to form Pivotal, with a cash investment from General Electric Company ("GE"). Pivotal is considered a separate reportable segment. We have recast the segment disclosures for the prior financial reporting periods to separately present the operations of the Pivotal segment. None of the segment reclassifications impact EMC's previously reported consolidated financial statements. See Note 15 for further discussion of the segment reclassifications.

8

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Recent Accounting Pronouncements

In March 2013, the Financial Accounting Standards Board ("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 Interests

The non-controlling interests’ share of equity in VMware is reflected as non-controlling interests in the accompanying consolidated balance sheets and was $1,237 million and $1,167 million as of June 30, 2013 and December 31, 2012, respectively. At June 30, 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 millions):

	For the Six Months Ended
	June 30, 2013			June 30, 2012
Net income attributable to EMC Corporation	$	1,281		$	1,236
Transfers (to) from the non-controlling interest in VMware, Inc.:
Increase in EMC Corporation’s additional paid-in-capital for VMware’s equity issuances	52			78
Decrease in EMC Corporation’s additional paid-in-capital for VMware’s other equity activity	(321		)	(250		)
Net transfers (to) from non-controlling interest	(269		)	(172		)
Change from net income attributable to EMC Corporation and transfers from the non-controlling interest in VMware, Inc.	$	1,012		$	1,064

The non-controlling interests' share of equity in Pivotal is reflected as a component of the non-controlling interests in the accompanying consolidated balance sheets as $105 million and $0 million at June 30, 2013 and December 31, 2012, respectively. At June 30, 2013, EMC consolidated held approximately 84% of the economic interest in Pivotal. GE's interest in Pivotal is in the form of a preferred equity instrument. Consequently, there is no net income attributable to non-controlling interest related to Pivotal on the consolidated income statements. Additionally, due to the terms of the preferred instrument, GE's non-controlling interest on the consolidated balance sheets is generally not impacted by Pivotal's equity related activity. The preferred equity instrument is convertible into common shares at GE’s election at any time.

3.  Business Combinations, Intangibles and Goodwill

During the three and six months ended June 30, 2013, EMC acquired two companies. We acquired substantially all of the outstanding capital stock of Adaptivity, Inc., a provider of software solutions that automate and accelerate enterprise IT migration to the Cloud which complements and expands our Information Storage segment. We also acquired all of the outstanding capital stock of Sitrof Technologies, a document management consultancy provider which complements and expands our Information Intelligence Group segment. Additionally, during the six months ended June 30, 2013, VMware acquired Virsto Software, a provider of software that optimizes storage performance and utilization in virtual environments.

The aggregate consideration for these three acquisitions was $207 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 respective acquisition dates. The aggregate allocation to goodwill, intangibles and net liabilities was approximately $172 million, $43 million and $8 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 these acquisitions 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 companies were not material to our consolidated results of operations for the three and six months ended June 30, 2013 or 2012.

9

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Intangible Assets

Intangible assets, excluding goodwill, as of June 30, 2013 and December 31, 2012 consist of (tables in millions):

	June 30, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,236	$	(1,318	)	$	918
Patents	225		(94		)	131
Software licenses	99		(90		)	9
Trademarks and tradenames	171		(110		)	61
Customer relationships and customer lists	1,359		(790		)	569
In-process research and development	9		—			9
Leasehold interest	145		(9		)	136
Other	26		(26		)	—
Total intangible assets, excluding goodwill	$	4,270	$	(2,437	)	$	1,833

	December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,233	$	(1,207	)	$	1,026
Patents	225		(87		)	138
Software licenses	96		(88		)	8
Trademarks and tradenames	173		(102		)	71
Customer relationships and customer lists	1,378		(724		)	654
Leasehold interest	145		(7		)	138
Other	26		(26		)	—
Total intangible assets, excluding goodwill	$	4,276	$	(2,241	)	$	2,035

Goodwill

Changes in the carrying amount of goodwill, net, on a consolidated basis and by segment, for the six months ended June 30, 2013 and the year ended December 31, 2012 consist of (tables in millions):

	Six Months Ended June 30, 2013
	Information Storage			Information Intelligence Group		RSA Information Security			Pivotal		VMware Virtual Infrastructure			Total
Balance, beginning of the period	$	7,442		$	1,484	$	2,022		$	—	$	2,892		$	13,840
Goodwill resulting from acquisitions	9			1		—			—		162			172
Finalization of purchase price allocations and other, net	(1		)	—		(1		)	—		(16		)	(18		)
Goodwill transferred in formation of Pivotal	(112		)	—		—			140		(28		)	—
Balance, end of the period	$	7,338		$	1,485	$	2,021		$	140	$	3,010		$	13,994

	Year Ended December 31, 2012
	Information Storage			Information Intelligence Group		RSA Information Security			Pivotal		VMware Virtual Infrastructure			Total
Balance, beginning of the year	$	7,034		$	1,469	$	1,849		$	—	$	1,803		$	12,155
Goodwill resulting from acquisitions	438			15		179			—		1,092			1,724
Finalization of purchase price allocations	(1		)	—		(6		)	—		(3		)	(10		)
Goodwill de-recognized in divestiture of business	(29		)	—		—			—		—			(29		)
Balance, end of the year	$	7,442		$	1,484	$	2,022		$	—	$	2,892		$	13,840

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EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

During the second quarter of 2013, EMC and VMware formed Pivotal, with an investment from GE. As Pivotal is considered a separate reportable segment, the transfer of goodwill from the Information Storage and VMware Virtual Infrastructure segments to the newly formed Pivotal segment is shown in the current period rollforward. The amount of transferred goodwill was determined using the relative fair value method. See Note 15 for further discussion of the segment reclassifications.

4.  Debt

Long-Term Debt

In June 2013, we issued $5.5 billion aggregate principal amount of senior notes (collectively, the "Notes"). The Notes pay a fixed rate of interest semi-annually in arrears with the first interest payment commencing on December 1, 2013. The proceeds from the Notes will be used to satisfy cash payment obligations at the maturity, or upon the conversion, of the outstanding 2013 Notes as well as for general corporate purposes including stock repurchases, working capital needs and other business opportunities. The Notes of each series are senior, unsecured obligations of EMC and are not convertible or exchangeable. Unless previously purchased and canceled, we will repay the Notes of each series at 100% of the principal amount, together with accrued and unpaid interest thereon, at maturity. However, EMC has the right to redeem any or all of the Notes at specified redemption prices. As of June 30, 2013, we were in compliance with all debt covenants, which are customary in nature.

Our long-term debt as of June 30, 2013 was as follows (dollars in millions):

Senior Notes	Issued at Discount to Par		Carrying Value
$2.5 billion 1.875% Notes due 2018	99.943	%	$	2,499
$2.0 billion 2.650% Notes due 2020	99.760	%	$	1,995
$1.0 billion 3.375% Notes due 2023	99.925	%	$	999
			$	5,493

The unamortized discount on the Notes consists of $7 million, which will be fully amortized by June 1, 2023. The effective interest rate on the Notes was 2.5% for the three and six months ended June 30, 2013.

Convertible Debt

In November 2006, we issued our $1.725 billion1.75% convertible senior notes due 2011 (the “2011 Notes”) and our 2013 Notes for total gross proceeds of $3.5 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 $1.7 billion in cash for the outstanding principal and 30 million shares for the $661 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

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

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 June 30, 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 September 1, 2013, at which time they are fully convertible until maturity. 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 are classified as a current liability. Approximately $30 million of the 2013 Notes have been converted as of June 30, 2013.

The carrying amount of the 2013 Notes reported in the consolidated balance sheets as of June 30, 2013 was $1,669 million and the fair value was $2,519 million. The carrying amount of the equity component of the 2013 Notes was $299 million at June 30, 2013. As of June 30, 2013, the unamortized discount on the 2013 Notes consists of $26 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 and six months ended June 30, 2013 and 2012.

The following tables represent the key components of our interest expense on convertible debt (tables in millions):

	For the Three Months Ended
	June 30, 2013		June 30, 2012
Contractual interest expense on the coupon	$	7	$	7
Amortization of the discount component recognized as interest expense	16		15
Total interest expense on the convertible debt	$	23	$	22

	For the Six Months Ended
	June 30, 2013		June 30, 2012
Contractual interest expense on the coupon	$	15	$	15
Amortization of the discount component recognized as interest expense	31		30
Total interest expense on the convertible debt	$	46	$	45

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 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 108 million of the Purchased Options in conjunction with the planned settlements of the 2011 Notes, and we received 30 million shares of net settlement on January 9, 2012, representing the excess conversion value of the options. The remaining 108 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 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 million shares of our common stock.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

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.

Interest Rate Swap Contracts

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 ten year 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 million in November 2011 and $23 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, $40 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 $46 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 June 30, 2013, we had $177 million of accumulated realized losses related to the settled swaps in accumulated other comprehensive income which will be realized during the life of our ten year Notes. These losses will be reclassified from other comprehensive income and recognized on a straight-line basis in the consolidated income statements as interest expense beginning in the third quarter of 2014.

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 June 30, 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.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

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 June 30, 2013 and December 31, 2012. At June 30, 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 June 30, 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 June 30, 2013 and December 31, 2012 (tables in millions):

	June 30, 2013
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	4,570	$	5	$	(5	)	$	4,570
U.S. corporate debt securities	1,991		5		(7		)	1,989
High yield corporate debt securities	499		15		(8		)	506
Asset-backed securities	5		—		—			5
Municipal obligations	957		2		(2		)	957
Auction rate securities	72		—		(4		)	68
Foreign debt securities	1,842		5		(6		)	1,841
Total fixed income securities	9,936		32		(32		)	9,936
Publicly traded equity securities	70		44		—			114
Total	$	10,006	$	76	$	(32	)	$	10,050

We held approximately $1.8 billion in foreign debt securities at June 30, 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.

	December 31, 2012
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	2,191	$	10	$	(1	)	$	2,200
U.S. corporate debt securities	1,480		10		—			1,490
High yield corporate debt securities	486		34		(1		)	519
Asset-backed securities	2		—		—			2
Municipal obligations	1,032		3		—			1,035
Auction rate securities	74		—		(4		)	70
Foreign debt securities	1,270		9		—			1,279
Total fixed income securities	6,535		66		(6		)	6,595
Publicly traded equity securities	47		41		(1		)	87
Total	$	6,582	$	107	$	(7	)	$	6,682

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

The following tables represent our fair value hierarchy for our financial assets and liabilities measured at fair value as of June 30, 2013 and December 31, 2012 (tables in millions):

	June 30, 2013
	Level 1		Level 2			Level 3		Total
Cash	$	1,687	$	—		$	—	$	1,687
Cash equivalents	4,633		1,206			—		5,839
U.S. government and agency obligations	2,358		2,212			—		4,570
U.S. corporate debt securities	—		1,989			—		1,989
High yield corporate debt securities	—		506			—		506
Asset-backed securities	—		5			—		5
Municipal obligations	—		957			—		957
Auction rate securities	—		—			68		68
Foreign debt securities	—		1,841			—		1,841
Publicly traded equity securities	114		—			—		114
Total cash and investments	$	8,792	$	8,716		$	68	$	17,576
Other items:
Strategic investments held at cost	$	—	$	—		$	313	$	313
Investment in joint venture	—		—			34		34
Convertible debt	—		(2,519		)	—		(2,519		)
Long-term debt	—		(5,440		)	—		(5,440		)
Foreign exchange derivative assets	—		40			—		40
Foreign exchange derivative liabilities	—		(32		)	—		(32		)
Commodity derivative liabilities	—		(1		)	—		(1		)

	December 31, 2012
	Level 1		Level 2			Level 3		Total
Cash	$	1,454	$	—		$	—	$	1,454
Cash equivalents	2,898		362			—		3,260
U.S. government and agency obligations	1,327		873			—		2,200
U.S. corporate debt securities	—		1,490			—		1,490
High yield corporate debt securities	—		519			—		519
Asset-backed securities	—		2			—		2
Municipal obligations	—		1,035			—		1,035
Auction rate securities	—		—			70		70
Foreign debt securities	—		1,279			—		1,279
Publicly traded equity securities	87		—			—		87
Total cash and investments	$	5,766	$	5,560		$	70	$	11,396
Other items:
Strategic investments held at cost	$	—	$	—		$	352	$	352
Investment in joint venture	—		—			33		33
Convertible debt	—		(2,666		)	—		(2,666		)
Foreign exchange derivative assets	—		30			—		30
Foreign exchange derivative liabilities	—		(35		)	—		(35		)
Commodity derivative liabilities	—		(1		)	—		(1		)

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 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.

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EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

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 June 30, 2013, the coupon rates used ranged from 0% to 4% 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 June 30, 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 June 30, 2013 and December 31, 2012 due to the narrowing of credit spreads on AA-rated banks during 2012 and into 2013.

The following table provides a summary of changes in fair value of our Level 3 auction rate securities for the three and six months ended June 30, 2013 and 2012 (table in millions):

	For the Three Months Ended					For the Six Months Ended
	June 30, 2013		June 30, 2012			June 30, 2013			June 30, 2012
Balance, beginning of the period	$	68	$	79		$	70		$	75
Calls at par value	—		—			(1		)	—
Other-than-temporary impairment loss	—		(2		)	(1		)	(2		)
(Increase) decrease in previously recognized unrealized losses included in other comprehensive income	—		(3		)	—			1
Balance, end of the period	$	68	$	74		$	68		$	74

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.

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. We account for our LenovoEMC joint venture 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 and six months ended June 30, 2013 (table in millions):

	June 30, 2013
	Three Months Ended		Six Months Ended
Balance, beginning of the period	$	33	$	33
Realized gain included in other income (expense)	1		1
Balance, end of period	$	34	$	34

The carrying value of the strategic investments held at cost were accounted for under the cost method. As part of our impairment review, we perform a fair value calculation of our strategic investments held at cost on a quarterly basis using the most currently available information. 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.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Investment Losses

Unrealized losses on investments at June 30, 2013 by investment category and length of time the investment has been in a continuous unrealized loss position are as follows (table in millions):

	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	$	2,181	$	(5	)	$	8	$	—		$	2,189	$	(5	)
U.S. corporate debt securities	1,100		(7		)	—		—			1,100		(7		)
High yield corporate debt securities	200		(8		)	—		—			200		(8		)
Asset-backed securities	4		—			—		—			4		—
Municipal obligations	342		(2		)	10		—			352		(2		)
Auction rate securities	—		—			68		(4		)	68		(4		)
Foreign debt securities	879		(6		)	—		—			879		(6		)
Total	$	4,706	$	(28	)	$	86	$	(4	)	$	4,792	$	(32	)

For all of our securities for which the amortized cost basis was greater than the fair value at June 30, 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 June 30, 2013 are as follows (table in millions):

	June 30, 2013
	Amortized Cost Basis		Aggregate Fair Value
Due within one year	$	3,617	$	3,620
Due after 1 year through 5 years	5,341		5,339
Due after 5 years through 10 years	490		494
Due after 10 years	488		483
Total	$	9,936	$	9,936

6.  Inventories

Inventories consist of (table in millions):

	June 30, 2013		December 31, 2012
Work-in-process	$	757	$	606
Finished goods	476		595
	$	1,233	$	1,201

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.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

The contractual amounts due under the leases we retained as of June 30, 2013 were as follows (table in millions):

Year	Contractual Amounts Due Under Leases
Due within one year	$	103
Due within two years	69
Due within three years	58
Thereafter	1
Total	231
Less amounts representing interest	(5		)
Present value	226
Current portion (included in accounts and notes receivable)	100
Long-term portion (included in other assets, net)	$	126

Subsequent to June 30, 2013, we sold $5 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 June 30, 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 six months ended June 30, 2013 and 2012 (table in millions):

	For the Six Months Ended
	June 30, 2013			June 30, 2012
Balance, beginning of the period	$	17		$	24
Recoveries	(9		)	(13		)
Provisions	3			6
Balance, end of the period	$	11		$	17

Gross lease receivables totaled $231 million and $329 million as of June 30, 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 millions):

	June 30, 2013			December 31, 2012
Furniture and fixtures	$	209		$	197
Equipment and software	5,636			5,345
Buildings and improvements	1,955			1,873
Land	121			121
Building construction in progress	250			197
	8,171			7,733
Accumulated depreciation	(4,880		)	(4,588		)
	$	3,291		$	3,145

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Building construction in progress at June 30, 2013 includes $74 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.

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 June 30, 2013, we have contributed $854 million in funding and $15 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 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% for the three and six months ended June 30, 2013 and 2012. As of June 30, 2013, we have recorded net accumulated losses from VCE of $638 million since inception, of which $71 million and $140 million were recorded in the three and six months ending June 30, 2013, respectively, and $60 million and $115 million were recorded in the three and six months ended June 30, 2012, respectively.

We recognized $102 million and $176 million in revenue from sales of product and services to VCE during the three and six months ended June 30, 2013, respectively, and $75 million and $146 million for the three and six months ended June 30, 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 $39 million and $44 million as of June 30, 2013 and December 31, 2012, respectively, included in other current assets in the consolidated balance sheets.

19

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

10.  Accrued Expenses

Accrued expenses consist of (table in millions):

	June 30, 2013		December 31, 2012
Salaries and benefits	$	932	$	1,018
Product warranties	291		278
Dividends payable (see Note 12)	212		—
Partner rebates	179		187
Restructuring, current (See Note 13)	88		76
Derivatives	32		40
Other	937		923
	$	2,671	$	2,522

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 and six months ended June 30, 2013 and 2012 (table in millions):

	For the Three Months Ended						For the Six Months Ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Balance, beginning of the period	$	283		$	263		$	278		$	255
Provision	51			40			96			88
Amounts charged to the accrual	(43		)	(41		)	(83		)	(81		)
Balance, end of the period	$	291		$	262		$	291		$	262

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.

11.  Income Taxes

Our effective income tax rates were 22.4% and 17.7% for the three and six months ended June 30, 2013, respectively. Our effective income tax rates were 23.7% and 23.5% for the three and six months ended June 30, 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 periods for potential tax consequences, benefits and/or resolutions of tax audits or other tax contingencies. For the three and six months ended June 30, 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, state taxes and 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 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 six months ended June 30, 2013 included the estimated federal tax credit for increasing research activities for the full year 2012 as well as the six months ended June 30, 2013, which reduced our effective tax rate for the six month period. For the three and six months ended June 30, 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.

20

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Our effective income tax rate decreased in the three and six months ended June 30, 2013 from the three and six months ended June 30, 2012 primarily due to the retroactive renewal of the U.S. federal tax credit for increasing research activities on January 2, 2013 as discussed above. The U.S. federal tax credit for increasing research activities reduced our effective income tax rate by approximately 1.0% and 5.1% for the three and six months ended June 30, 2013, respectively. There were also differences in the mix of income attributable to foreign versus domestic jurisdictions, state taxes, 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.  Shareholders’ Equity

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

	For the Three Months Ended						For the Six Months Ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Numerator:
Net income attributable to EMC Corporation	$	701		$	650		$	1,281		$	1,236
Incremental dilution from VMware	(2		)	(3		)	(3		)	(5		)
Net income – dilution attributable to EMC Corporation	$	699		$	647		$	1,278		$	1,231
Denominator:
Weighted average shares, basic	2,092			2,096			2,097			2,082
Weighted common stock equivalents	29			42			30			44
Assumed conversion of the 2013 Notes and associated warrants	53			70			54			79
Weighted average shares, diluted	2,174			2,208			2,181			2,205

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 six months ended June 30, 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 shares of our common stock in the amount of 4 million for both the three and six months ended June 30, 2013 and 3 million and 4 million for the three and six months ended June 30, 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.

21

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Repurchase of Common Stock

We utilize both authorized and unissued shares (including repurchased shares) for all issuances under our equity plans. Our Board of Directors authorized the repurchase of 250 million shares of our common stock in April 2008 and an additional 250 million shares of our common stock in February 2013. For the six months ended June 30, 2013, we spent $1.0 billion to repurchase 42 million shares of our common stock. Of the 500 million shares authorized for repurchase, we have repurchased 264 million shares at a total cost of $5.4 billion, leaving a remaining balance of 236 million shares authorized for future repurchases.  We plan to spend up to $3.5 billion by the end of the second quarter of 2014 and up to $6.0 billion by the end of 2015 on common stock repurchases.

Cash Dividend on Common Stock

On May 30, 2013, our Board of Directors declared a cash dividend of $0.10 per share of common stock. On July 23, 2013, EMC paid a cash dividend of $208 million to shareholders of record as of the close of business on July 1, 2013.

Accumulated Other Comprehensive Income (Loss)

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

	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)	$	(9	)	$	64		$	(109	)	$	(153	)	$	(1	)	$	(208	)
Other comprehensive income (loss) before reclassifications	(56		)	(29		)	8			—			2			(75		)
Net losses (gains) reclassified from accumulated other comprehensive income	—			(8		)	(8		)	—			—			(16		)
Net current period other comprehensive income (loss)	(56		)	(37		)	—			—			2			(91		)
Balance at June 30, 2013(b)	$	(65	)	$	27		$	(109	)	$	(153	)	$	1		$	(299	)

(a) Net of taxes (benefits) of $37 million for unrealized net gains on investments, $(67) million for unrealized net losses on derivatives and $(87) million for actuarial net loss on pension plans.

(b) Net of taxes (benefits) of $17 million for unrealized net gains on investments, $(66) million for unrealized net losses on derivatives and $(87) million for actuarial net loss on pension plans.

22

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

The amounts reclassified out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2013 are as follows (tables in millions):

Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Impacted Line Item on Consolidated Income Statements
For the three months ended June 30, 2013:
Net gain on investments:	$	6		Investment income
	(2		)	Provision for income tax
Net of tax	$	4
Net gain on derivatives:
Foreign exchange contracts	$	6		Product sales revenue
Foreign exchange contracts	(3		)	Cost of product sales
Total net gain on derivatives before tax	3
	—			Provision for income tax
Net of tax	$	3

Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Impacted Line Item on Consolidated Income Statements
For the six months ended June 30, 2013:
Net gain on investments:	$	13		Investment income
	(5		)	Provision for income tax
Net of tax	$	8
Net gain on derivatives:
Foreign exchange contracts	$	16		Product sales revenue
Foreign exchange contracts	(6		)	Cost of product sales
Total net gain on derivatives before tax	10
	(2		)	Provision for income tax
Net of tax	$	8

13.  Restructuring and Acquisition-Related Charges

For the three and six months ended June 30, 2013, we incurred restructuring and acquisition-related charges of $7 million and $155 million, respectively. For the three and six months ended June 30, 2012, we incurred restructuring and acquisition-related charges of $28 million and $53 million, respectively. For the three and six months ended June 30, 2013, EMC incurred $4 million and $85 million, respectively, of restructuring charges, primarily related to our current year restructuring programs and $0 million and $3 million, respectively, of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three and six months ended June 30, 2013, VMware incurred $2 million and $56 million, respectively, of restructuring charges related to workforce reductions as part of its current year restructuring program, $1 million and $10 million, respectively, of impairment charges related to its business realignment and $0 million and $1 million, respectively, of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three and six months ended June 30, 2012, we incurred $24 million and $48 million, respectively, of restructuring charges, primarily related to our 2012 restructuring programs and $4 million and $5 million, respectively, of costs in connection with acquisitions for financial advisory, legal and accounting services.

In the first quarter of 2013, EMC implemented a restructuring program to create further operational efficiencies which will result in a workforce reduction of approximately 1,000 positions. The actions will impact positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments. The first quarter restructuring program is expected to result in a total charge of approximately $80 million, with total cash payments associated with the plan expected to be approximately $73 million. All of these actions are expected to be completed within a year of the start of each program.

23

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

In the first quarter of 2013, VMware approved a business realignment plan to streamline its operations. The plan includes the elimination of approximately 750 positions across all major functional groups and geographies, and is expected to result in a charge in the range of $55 million to $60 million, of which $2 million and $56 million was recognized during the three and six months ended June 30, 2013, respectively. Additionally, VMware exited and is planning to exit certain lines of business and consolidated and is planning to consolidate facilities, which is expected to result in a total charge, including asset impairments recorded in the prior quarters, in the range of $20 million to $25 million, of which $1 million and $10 million was recognized during the three and six months ended June 30, 2013, respectively. 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 $50 million to $60 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 and 279 positions were identified in the first and second quarters of 2012, respectively. 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 and six months ended June 30, 2013, we recognized $5 million and $12 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. For the three and six months ended June 30, 2012, we recognized $4 million and $8 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. These costs are expected to be utilized by the end of 2015.

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

Three Months Ended June 30, 2013:

2013 EMC Programs
Category	Balance as of March 31, 2013		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	66	$	2	$	(23	)	$	45
Consolidation of excess facilities and other contractual obligations	—		3		(1		)	2
Total	$	66	$	5	$	(24	)	$	47

2013 VMware Programs
Category	Balance as of March 31, 2013		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	26	$	2	$	(26	)	$	2
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	26	$	2	$	(26	)	$	2

Other EMC Programs
Category	Balance as of March 31, 2013		Adjustments to the Provision			Utilization			Balance as of June 30, 2013
Workforce reductions	$	46	$	(3	)	$	(14	)	$	29
Consolidation of excess facilities and other contractual obligations	30		2			(5		)	27
Total	$	76	$	(1	)	$	(19	)	$	56

24

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Six Months Ended June 30, 2013:

2013 EMC Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	—	$	81	$	(36	)	$	45
Consolidation of excess facilities and other contractual obligations	—		3		(1		)	2
Total	$	—	$	84	$	(37	)	$	47

2013 VMware Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	—	$	56	$	(54	)	$	2
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	—	$	56	$	(54	)	$	2

Other EMC Programs
Category	Balance as of December 31, 2012		Adjustments to the Provision			Utilization			Balance as of June 30, 2013
Workforce reductions	$	63	$	(8	)	$	(26	)	$	29
Consolidation of excess facilities and other contractual obligations	28		9			(10		)	27
Total	$	91	$	1		$	(36	)	$	56

Three Months Ended June 30, 2012:

2012 EMC Programs
Category	Balance as of March 31, 2012		2012 Charges		Utilization			Balance as of June 30, 2012
Workforce reductions	$	20	$	23	$	(9	)	$	34
Consolidation of excess facilities and other contractual obligations	1		4		(2		)	3
Total	$	21	$	27	$	(11	)	$	37

Other EMC Programs
Category	Balance as of March 31, 2012		Adjustments to the Provision			Utilization			Balance as of June 30, 2012
Workforce reductions	$	31	$	(3	)	$	(8	)	$	20
Consolidation of excess facilities and other contractual obligations	28		—			(2		)	26
Total	$	59	$	(3	)	$	(10	)	$	46

25

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Six Months Ended June 30, 2012:

2012 EMC Programs
Category	Balance as of December 31, 2011		2012 Charges		Utilization			Balance as of June 30, 2012
Workforce reductions	$	—	$	46	$	(12	)	$	34
Consolidation of excess facilities and other contractual obligations	—		5		(2		)	3
Total	$	—	$	51	$	(14	)	$	37

Other EMC Programs
Category	Balance as of December 31, 2011		Adjustments to the Provision			Utilization			Balance as of June 30, 2012
Workforce reductions	$	50	$	(6	)	$	(24	)	$	20
Consolidation of excess facilities and other contractual obligations	30		3			(7		)	26
Total	$	80	$	(3	)	$	(31	)	$	46

In the three months ended June 30, 2013, VMware recorded a pre-tax gain of $32 million for the disposition of certain lines of business under its business realignment plan, which were no longer in line with VMware's core business priorities. The gain was recorded to other expense, net on the consolidated statements of income for the three and six months ended June 30, 2013.

As of June 30, 2013, VMware had $19 million in assets held for sale, primarily related to intangible assets for a business it exited in the third quarter of 2013. Additionally, $21 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 June 30, 2013.

14.  Commitments and Contingencies

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

In the quarter ended June 30, 2013, we began managing the Company as three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure. EMC Information Infrastructure operates in three segments: Information Storage, Information Intelligence Group and RSA Information Security while Pivotal and VMware Virtual Infrastructure each operate as single segments.

On April 1, 2013, EMC and VMware formed Pivotal to build a new platform comprising next-generation data fabrics, application fabrics and a cloud-independent PaaS. EMC contributed substantially all 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, Spring, Cetas, GemFire and other products from the VMware vFabric Suite. These contributions were recorded at the April 1, 2013 carrying value as this was a transaction with entities under common control.

26

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

On May 8, 2013, General Electric Company ("GE") purchased 10% of Pivotal's outstanding equity for approximately $105 million. At June 30, 2013, EMC consolidated held approximately 84% of the economic interest in Pivotal.  GE's interest in Pivotal is in the form of a preferred equity instrument. Consequently, there is no net income attributable to non-controlling interest related to Pivotal on the consolidated income statements.

Beginning in the second quarter of 2013, EMC began presenting Pivotal as a separate reportable segment. We recast the segment disclosures for the prior financial reporting periods to separately present the operations of the Pivotal segment which has resulted in the transfer of revenue, gross profit, operating expenses and operating income from the Information Storage and VMware Virtual Infrastructure segments to Pivotal. These changes had no impact on the previously reported financial results for the Information Intelligence Group or RSA Information Security segments. In addition, none of these changes impacted our previously reported consolidated financial statements.

Our management measures are designed to assess performance of these reporting 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 and acquisition-related intangible asset amortization expense. Additionally, in certain instances, infrequently occurring gains or losses are also excluded from the measures used by management in assessing segment performance. Research and development expenses, selling, general and administrative expenses and restructuring and acquisition-related charges 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 EMC Information Infrastructure business level. EMC Information Infrastructure and Pivotal have not been allocated non-operating income (expense), net and income tax expense as these costs are managed centrally at the EMC Corporate level. Accordingly, for the three segments within the EMC Information Infrastructure business, gross profit is the segment operating performance measure, while for Pivotal, operating income is the operating performance measure. The VMware Virtual Infrastructure amounts represent the revenues and expenses of VMware as reflected within EMC’s consolidated financial statements.

27

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Our segment information for the three and six months ended June 30, 2013 and 2012 is as follows (tables in millions, except percentages):

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Three Months Ended:
June 30, 2013
Revenues:
Product revenues	$	2,568		$	39		$	98		$	2,705		$	24		$	2,729
Services revenues	1,358			113			130			1,601			46			1,647
Total consolidated revenues	3,926			152			228			4,306			70			4,376
Gross profit	$	2,230		$	96		$	148		$	2,474		$	26		$	2,500
Gross profit percentage	56.8		%	63.1		%	65.1		%	57.5		%	37.1		%	57.1		%
Research and development										375			28			403
Selling, general and administrative										1,117			37			1,154
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										1,492			65			1,557
Operating income										$	982		$	(39	)	$	943

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
June 30, 2013
Revenues:
Product revenues	$	2,729		$	529		$	—		$	3,258
Services revenues	1,647			709			—			2,356
Total consolidated revenues	4,376			1,238			—			5,614
Gross profit	$	2,500		$	1,109		$	(100	)	$	3,509
Gross profit percentage	57.1		%	89.6		%	—			62.5		%
Research and development	403			207			85			695
Selling, general and administrative	1,154			489			142			1,785
Restructuring and acquisition-related charges	—			—			7			7
Total costs and expenses	1,557			696			234			2,487
Operating income	943			413			(334		)	1,022
Non-operating income (expense), net	(77		)	3			18			(56		)
Income tax provision	214			93			(91		)	216
Net income	652			323			(225		)	750
Net income attributable to the non-controlling interest in VMware, Inc.	—			(68		)	19			(49		)
Net income attributable to EMC Corporation	$	652		$	255		$	(206	)	$	701

28

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Three Months Ended:
June 30, 2012
Revenues:
Product revenues	$	2,500		$	45		$	103		$	2,648		$	23		$	2,671
Services revenues	1,287			108			117			1,512			40			1,552
Total consolidated revenues	3,787			153			220			4,160			63			4,223
Gross profit	$	2,164		$	102		$	179		$	2,445		$	33		$	2,478
Gross profit percentage	57.1		%	67.0		%	81.1		%	58.8		%	53.2		%	58.7		%
Research and development										363			33			396
Selling, general and administrative										1,114			36			1,150
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										1,477			69			1,546
Operating income										$	968		$	(36	)	$	932

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
June 30, 2012
Revenues:
Product revenues	$	2,671		$	508		$	—		$	3,179
Services revenues	1,552			580			—			2,132
Total consolidated revenues	4,223			1,088			—			5,311
Gross profit	$	2,478		$	964		$	(95	)	$	3,347
Gross profit percentage	58.7		%	88.5		%	—			63.0		%
Research and development	396			178			81			655
Selling, general and administrative	1,150			418			149			1,717
Restructuring and acquisition-related charges	—			—			28			28
Total costs and expenses	1,546			596			258			2,400
Operating income	932			368			(353		)	947
Non-operating income (expense), net	(40		)	5			(8		)	(43		)
Income tax provision	265			52			(103		)	214
Net income	627			321			(258		)	690
Net income attributable to the non-controlling interest in VMware, Inc.	—			(63		)	23			(40		)
Net income attributable to EMC Corporation	$	627		$	258		$	(235	)	$	650

29

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Six Months Ended:
June 30, 2013
Revenues:
Product revenues	$	5,028		$	82		$	198		$	5,308		$	48		$	5,356
Services revenues	2,662			226			262			3,150			91			3,241
Total consolidated revenues	7,690			308			460			8,458			139			8,597
Gross profit	$	4,309		$	195		$	301		$	4,805		$	52		$	4,857
Gross profit percentage	56.0		%	63.4		%	65.2		%	56.8		%	37.7		%	56.5		%
Research and development										739			56			795
Selling, general and administrative										2,193			75			2,268
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										2,932			131			3,063
Operating income										$	1,873		$	(79	)	$	1,794

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Six Months Ended:
June 30, 2013
Revenues:
Product revenues	$	5,356		$	1,013		$	—		$	6,369
Services revenues	3,241			1,391			—			4,632
Total consolidated revenues	8,597			2,404			—			11,001
Gross profit	$	4,857		$	2,150		$	(200	)	$	6,807
Gross profit percentage	56.5		%	89.4		%	—			61.9		%
Research and development	795			397			178			1,370
Selling, general and administrative	2,268			939			292			3,499
Restructuring and acquisition-related charges	—			—			155			155
Total costs and expenses	3,063			1,336			625			5,024
Operating income	1,794			814			(825		)	1,783
Non-operating income (expense), net	(150		)	7			17			(126		)
Income tax provision	402			176			(286		)	292
Net income	1,242			645			(522		)	1,365
Net income attributable to the non-controlling interest in VMware, Inc.	—			(130		)	46			(84		)
Net income attributable to EMC Corporation	$	1,242		$	515		$	(476	)	$	1,281

30

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Six Months Ended:
June 30, 2012
Revenues:
Product revenues	$	4,937		$	82		$	199		$	5,218		$	44		$	5,262
Services revenues	2,513			217			228			2,958			63			3,021
Total consolidated revenues	7,450			299			427			8,176			107			8,283
Gross profit	$	4,210		$	192		$	312		$	4,714		$	53		$	4,767
Gross profit percentage	56.5		%	64.3		%	73.1		%	57.7		%	49.5		%	57.6		%
Research and development										691			61			752
Selling, general and administrative										2,191			75			2,266
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										2,882			136			3,018
Operating income										$	1,832		$	(83	)	$	1,749

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Six Months Ended:
June 30, 2012
Revenues:
Product revenues	$	5,262		$	986		$	—		$	6,248
Services revenues	3,021			1,137			—			4,158
Total consolidated revenues	8,283			2,123			—			10,406
Gross profit	$	4,767		$	1,882		$	(188	)	$	6,461
Gross profit percentage	57.6		%	88.6		%	—			62.1		%
Research and development	752			339			153			1,244
Selling, general and administrative	2,266			809			292			3,367
Restructuring and acquisition-related charges	—			—			53			53
Total costs and expenses	3,018			1,148			498			4,664
Operating income	1,749			734			(686		)	1,797
Non-operating income (expense), net	(78		)	12			(11		)	(77		)
Income tax provision	474			118			(187		)	405
Net income	1,197			628			(510		)	1,315
Net income attributable to the non-controlling interest in VMware, Inc.	—			(122		)	43			(79		)
Net income attributable to EMC Corporation	$	1,197		$	506		$	(467	)	$	1,236

31

EMC CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

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 millions):

	For the Three Months Ended				For the Six Months Ended
	June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
United States	$	2,963	$	2,857	$	5,795	$	5,490
Europe, Middle East and Africa	1,486		1,400		2,963		2,865
Asia Pacific and Japan	835		748		1,573		1,459
Latin America, Mexico and Canada	330		306		670		592
Total	$	5,614	$	5,311	$	11,001	$	10,406

No country other than the United States accounted for 10% or more of revenues during the three and six months ended June 30, 2013 or 2012.

Long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets, in the United States were $4,166 million at June 30, 2013 and $3,994 million at December 31, 2012. Internationally, long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets, were $802 million at June 30, 2013 and $698 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 June 30, 2013 or December 31, 2012.

32

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.

Certain tables may not add or recalculate due to rounding.

INTRODUCTION

In the quarter ended June 30, 2013, we began managing the Company as three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure.  This approach allows each of the three businesses to individually build products, go-to-market capabilities and ecosystems that they need to succeed in their respective markets while sharing the same ultimate goal of helping customers leverage Cloud, Big Data and Trusted Information Technology (“IT”) to maximize control, efficiency and choice.  By dividing our strategy and executional focus across these three businesses, we can focus on each of their respective missions and offer customers horizontal solutions and more choices than they get from our competitors.  We believe this strategy provides us with the opportunity to take advantage of the solid growth opportunity of EMC Information Infrastructure and the faster growth opportunities of VMware Virtual Infrastructure and Pivotal.

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, telemetry 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.

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 these markets 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.

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 though our strong and ever expanding portfolio of offerings while investing in the business. In the second quarter ended June 30, 2013, we continued to innovate and invest in expanding our total addressable market through increased internal research and development (“R&D”). Our investment in new technologies and solutions is reflected in our roadmap for the second half of 2013, 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 IT history is creating enormous opportunities in Cloud Computing, Big Data and Trust.

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 enable customers to transition to Cloud Computing and benefit from Big Data in the most advantageous manner for their businesses. As IT headcount grows at a fraction of the pace of data and the demands from the data center escalate, customers continue to look for simple and scalable ways to build out their IT-as-a-

33

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (Continued)

service function. We offer three alternatives to help our customers transition to cloud architectures and leverage Big Data to meet these needs: 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 lead our customers to the public cloud.

Pivotal

In April 2013, we, along with VMware and an investment from General Electric Company (“GE”), officially formed Pivotal, which is focused on building a platform comprising the next generation of data fabrics, application fabrics and a cloud independent platform-as-service ("PaaS") to support Cloud Computing and Big and Fast Data Applications. The first version of this platform, Pivotal One, will be launched before the end of the year. Additionally, Pivotal is actively engaging with other industry players with the intention of working together to expand the ecosystem. We expect 2013 to be a transition year for Pivotal, and we believe we are positioning the business for rapid growth in 2014 and beyond.

VMware Virtual Infrastructure

VMware's financial focus is on long-term revenue growth to enable it 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 is introducing a public cloud infrastructure as a service offering designed to be completely interoperable with its customers' VMware virtualized infrastructure. For end-user computing, VMware plans 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, robust product roadmap with our upcoming product launches as well as our continued steady execution positions us to continue to anticipate and capitalize on the evolving trends of Cloud Computing, Big Data and Trust in 2013. As a result, we believe our federated businesses will grow faster than the markets we serve 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 tables present total revenue by our segments (in millions):

	For the Three Months Ended
	June 30, 2013		June 30, 2012		$ Change		% Change
Information Storage	$	3,926	$	3,787	$	139	4	%
Information Intelligence Group	152		153		—		—
RSA Information Security	228		220		7		3
Pivotal	70		63		7		11
VMware Virtual Infrastructure	1,238		1,088		150		14
Total revenues	$	5,614	$	5,311	$	303	6	%

34

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (Continued)

	For the Six Months Ended
	June 30, 2013		June 30, 2012		$ Change		% Change
Information Storage	$	7,690	$	7,450	$	240	3	%
Information Intelligence Group	308		299		10		3
RSA Information Security	460		427		33		8
Pivotal	139		107		32		30
VMware Virtual Infrastructure	2,404		2,123		281		13
Total revenues	$	11,001	$	10,406	$	595	6	%

Consolidated product revenues increased3% and 2% to $3,258 million and $6,369 million for the three and six months ended June 30, 2013, respectively. 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.

The Information Storage segment’s product revenues increased 3% and 2% to $2,568 million and $5,028 million for the three and six months ended June 30, 2013, respectively. Revenue from the High-end Storage business, which primarily includes revenues from EMC Symmetrix, increased 5% and 7% for the three and six months ended June 30, 2013, respectively, due to increasing demand from existing and new 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 improved largely due to our backup recovery purpose-built appliance businesses, Data Domain and Avamar, which continued to grow and gain market share. Our Unified business was affected by broad customer anticipation of the next generation VNX launch which is expected in the third quarter of 2013. 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 Xtrem families, increased 39% and 32% for the three and six months ended June 30, 2013, respectively. 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 environments. The EMC Atmos object-based cloud storage solution exhibited strong growth.

The Pivotal segment’s product revenues increased 4% and 8% to $24 million and $48 million for the three and six months ended June 30, 2013, respectively. Pivotal has made good progress since its formal launch on April 1 with its existing products such as Greenplum and Gemfire continuing to have significant design wins. The Pivotal team is building a new platform, Pivotal One, comprising next-generation data fabrics, application fabrics and a cloud-independent PaaS.

The VMware Virtual Infrastructure segment’s product revenues increased 4% and 3% to $529 million and $1,013 million for the three and six months ended June 30, 2013, respectively. VMware’s license revenues increased primarily due to demand for product offerings like the vCloud and vSphere with operations 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 June 30, 2013 and 2012, ELAs comprised 37% and 29%, respectively, and ELAs comprised 33% and 26%, respectively, of total sales during the six months ended June 30, 2013 and 2012.

The RSA Information Security segment’s product revenues decreased 5% and 1% to $98 million and $198 million for the three and six months ended June 30, 2013, respectively. The decrease in product revenues during the three and six month period was primarily attributable to our focus on customer migration to our new Authentication Manager 8.0 product release rather than customer acquisition as well as the timing of some large orders in our Identity and Protection business. This decrease was partially offset by growth in our Security Analytics Suite and Compliance offerings.

The Information Intelligence Group segment’s product revenues decreased 14% and increased 1% to $39 million and $82 million for the three and six months ended June 30, 2013, respectively. This business continues to make progress as it transitions to more cloud friendly offerings and vertical based solutions. In addition, we saw good growth from our new initiatives such as Syncplicity.

Consolidated services revenues increased10% and 11% to $2,356 million and $4,632 million for the three and six months ended June 30, 2013, respectively. 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.

35

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (Continued)

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 increased 5% and 6% to $1,358 million and $2,662 million for the three and six months ended June 30, 2013, respectively. The increase in services revenues was primarily attributable to higher demand for maintenance-related services associated with a larger installed base. 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 Pivotal segment’s services revenues increased 15% and 45% to $46 million and $91 million for the three and six months ended June 30, 2013, respectively. The increase in services revenues was primarily attributable to higher demand for maintenance-related services associated with the growing installed base.

The VMware Virtual Infrastructure segment’s services revenues increased 22% to $709 million and $1,391 million for the three and six months ended June 30, 2013, respectively. 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 increased11% and 16% to $130 million and $262 million for the three and six months ended June 30, 2013, respectively. 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 increased 6% and 4% to $113 million and $226 million for the three and six months ended June 30, 2013, respectively. The increase in services revenues was due to increased customer demand for the new initiatives and strategic services businesses.

Consolidated revenues by geography were as follows (in millions):

	For the Three Months Ended
	June 30, 2013		June 30, 2012		% Change
United States	$	2,963	$	2,857	4	%
Europe, Middle East and Africa	1,486		1,400		6
Asia Pacific and Japan	835		748		12
Latin America, Mexico and Canada	330		306		8
Total revenues	$	5,614	$	5,311	6	%

	For the Six Months Ended
	June 30, 2013		June 30, 2012		% Change
United States	$	5,795	$	5,490	6	%
Europe, Middle East and Africa	2,963		2,865		3
Asia Pacific and Japan	1,573		1,459		8
Latin America, Mexico and Canada	670		592		13
Total revenues	$	11,001	$	10,406	6	%

Revenues increased for the three and six months ended June 30, 2013 compared to the same periods in 2012 in all of our geographic markets.

Changes in exchange rates negatively impacted revenue growth by 0.7% and 0.6% for the three and six months ended June 30, 2013, respectively. The impact of the change in rates was most significant in Japan and Brazil.

36

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (Continued)

Costs and Expenses

The following tables present our costs and expenses, other income and net income attributable to EMC Corporation (in millions):

	For the Three Months Ended
	June 30, 2013			June 30, 2012			$ Change			% Change
Cost of revenue:
Information Storage	$	1,696		$	1,623		$	73		4	%
Information Intelligence Group	56			51			6			11
RSA Information Security	80			41			38			91
Pivotal	44			30			14			49
VMware Virtual Infrastructure	129			124			5			4
Corporate reconciling items	100			95			5			6
Total cost of revenue	2,105			1,964			141			7
Gross margins:
Information Storage	2,230			2,164			66			3
Information Intelligence Group	96			102			(6		)	(6	)
RSA Information Security	148			179			(31		)	(17	)
Pivotal	26			33			(7		)	(22	)
VMware Virtual Infrastructure	1,109			964			145			15
Corporate reconciling items	(100		)	(95		)	(5		)	6
Total gross margin	3,509			3,347			162			5
Operating expenses:
Research and development(1)	695			655			39			6
Selling, general and administrative(2)	1,785			1,717			68			4
Restructuring and acquisition-related charges	7			28			(21		)	(75	)
Total operating expenses	2,487			2,400			87			4
Operating income	1,022			947			75			8
Investment income, interest expense and other expenses, net	(56		)	(43		)	(13		)	29
Income before income taxes	966			904			62			7
Income tax provision	216			214			2			1
Net income	750			690			60			9
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(49		)	(40		)	(9		)	22
Net income attributable to EMC Corporation	$	701		$	650		$	51		8	%

37

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (Continued)

	For the Six Months Ended
	June 30, 2013			June 30, 2012			$ Change			% Change
Cost of revenue:
Information Storage	$	3,381		$	3,241		$	141		4	%
Information Intelligence Group	113			106			7			6
RSA Information Security	160			115			45			39
Pivotal	86			54			32			60
VMware Virtual Infrastructure	254			241			13			5
Corporate reconciling items	200			188			12			6
Total cost of revenue	4,194			3,945			249			6
Gross margins:
Information Storage	4,309			4,210			99			2
Information Intelligence Group	195			192			3			2
RSA Information Security	301			312			(12		)	(4	)
Pivotal	52			53			(1		)	(1	)
VMware Virtual Infrastructure	2,150			1,882			269			14
Corporate reconciling items	(200		)	(188		)	(12		)	6
Total gross margin	6,807			6,461			346			5
Operating expenses:
Research and development(3)	1,370			1,244			126			10
Selling, general and administrative(4)	3,499			3,367			133			4
Restructuring and acquisition-related charges	155			53			101			189
Total operating expenses	5,024			4,664			360			8
Operating income	1,783			1,797			(14		)	(1	)
Investment income, interest expense and other expenses, net	(126		)	(77		)	(49		)	65
Income before income taxes	1,657			1,720			(63		)	(4	)
Income tax provision	292			405			(113		)	(28	)
Net income	1,365			1,315			50			4
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(84		)	(79		)	(5		)	6
Net income attributable to EMC Corporation	$	1,281		$	1,236		$	45		4	%

___________

(1) Amount includes corporate reconciling items of $85 million and $81 million for the three months ended June 30, 2013 and 2012, respectively.

(2) Amount includes corporate reconciling items of $142 million and $149 million for the three months ended June 30, 2013 and 2012, respectively.

(3) Amount includes corporate reconciling items of $178 million and $153 million for the six months ended June 30, 2013 and 2012, respectively.

(4) Amount includes corporate reconciling items of $292 million and $292 million for the six months ended June 30, 2013 and 2012, respectively.

Gross Margins

Overall our gross margin percentages were 62.5% and 63.0% for the three months ended June 30, 2013 and 2012, respectively. The slight decrease in the gross margin percentage in the second quarter of 2013 compared to 2012 was attributable to the RSA Information Security segment, which decreased overall gross margins by 65 basis points, the Information Storage segment, which decreased overall gross margins by 38 basis points, the Pivotal segment, which decreased overall gross margins by 22 basis points and the Information Intelligence Group segment, which decreased overall gross margins by 11 basis points. These decreases were partially offset by the VMware Virtual Infrastructure segment, which increased overall gross margins by 94 basis points. The increase in corporate reconciling items, consisting of stock-based compensation, acquisition-related intangible asset amortization

38

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (Continued)

and amortization of VMware’s capitalized software from prior periods decreased the consolidated gross margin percentage by 10 basis points.

Overall gross margin percentages were 61.9% and 62.1% for the six months ended June 30, 2013 and 2012, respectively. The slight decrease in the gross margin percentage in the first half of 2013 compared to 2012 was attributable to the Information Storage segment, which decreased overall gross margins by 46 basis points, the RSA Information Security segment, which decreased overall gross margins by 30 basis points, the Pivotal segment, which decreased overall gross margins by 19 basis points and the Information Intelligence Group segment, which decreased overall gross margins by 3 basis points. These decreases were partially offset by the VMware Virtual Infrastructure segment, which increased overall gross margins by 88 basis points and 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 11 basis points.

For segment reporting purposes, stock-based compensation, acquisition-related intangible asset amortization and amortization of VMware’s capitalized software from prior periods are recognized as corporate expenses and are not allocated among our various operating segments. The increase of $5 million in the corporate reconciling items for the three months ended June 30, 2013 compared to the same period in 2012 was attributable to a $11 millionincrease in acquisition-related intangible asset amortization expense, partially offset by a $5 milliondecrease in amortization of VMware’s capitalized software from prior periods and a $1 milliondecrease in stock-based compensation expense. The increase of $12 million in corporate reconciling items for the six months ended June 30, 2013 compared to the same period in 2012 was attributable to a $25 millionincrease in acquisition-related intangible asset amortization expense, partially offset by a $11 milliondecrease in amortization of VMware’s capitalized software from prior periods and a $2 milliondecrease in stock-based compensation expense.

The gross margin percentages for the Information Storage segment were 56.8% and 57.1% for the three months ended June 30, 2013 and 2012, respectively, and were 56.0% and 56.5% for the six months ended June 30, 2013 and 2012, respectively. Thedecrease in gross margin percentage for the three months ended June 30, 2013 compared to the same period in 2012 was attributable to reduced service margins driven by a build up in consulting capabilities and higher customer service field activity. The decrease in gross margin percentage for the six months ended June 30, 2013 compared to the same period in 2012 was attributable to reduced service margins as well as reduced product margins in the first quarter of 2013 driven by an increase in fixed costs as a result of the back-end nature of the quarter.

The gross margin percentages for the Pivotal segment were 37.1% and 53.2% for the three months ended June 30, 2013 and 2012, respectively, and were 37.7% and 49.5% for the six months ended June 30, 2013 and 2012, respectively. The decrease in gross margin percentage for both the three and six months ended June 30, 2013 compared to the same periods in 2012 was due to a decrease in product margins resulting from an increase in sales of lower margin products as well as a decrease in service margins as we build out the service capabilities of this new business.

The gross margin percentages for the VMware Virtual Infrastructure segment were 89.6% and 88.5% for the three months ended June 30, 2013 and 2012, respectively, and were 89.4% and 88.6% for the six months ended June 30, 2013 and 2012, respectively. The increase in gross margin percentage for both the three and six months ended June 30, 2013 compared to the same periods 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 65.1% and 81.1% for the three months ended June 30, 2013 and 2012, respectively, and were 65.2% and 73.1% for the six months ended June 30, 2013 and 2012, respectively. The decrease in gross margin percentage for both the three and six months ended June 30, 2013 compared to the same periods in 2012 was primarily due to an atypically higher gross margin in 2012 due to the release of the residual reserve related to the one-time impact of RSA remediation associated with working with customers to implement remediation programs which occurred in the three months ended June 30, 2012.

The gross margin percentages for the Information Intelligence Group segment were 63.1% and 67.0% for three months ended June 30, 2013 and 2012, respectively, and were 63.4% and 64.3% for the six months ended June 30, 2013 and 2012, respectively. The decrease in gross margin percentage for both the three and six months ended June 30, 2013 compared to the same periods in 2012 was attributable to a decrease in sales of higher margin products.

Research and Development

As a percentage of revenues, R&D expenses were 12% for both the three months ended June 30, 2013 and 2012 and were 13% and 12% for the six months ended June 30, 2013 and 2012, respectively. R&D expenses increased $39 million and $127 million for the three and six months ended June 30, 2013, respectively, compared to the same periods in 2012 primarily due to an

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increase in personnel-related costs, which are expenses driven by incremental headcount from strategic hiring and business acquisitions and infrastructure costs, slightly offset by depreciation expense. Personnel-related costs increased by $41 million and $119 million, infrastructure costs increased by $5 million and $12 million and depreciation expense decreased by $6 million and increased $1 million for the three and six months ended June 30, 2013, respectively.

Corporate reconciling items within R&D, which consist of stock-based compensation and intangible asset amortization, increased $2 million and $25 million for the three and six months ended June 30, 2013, respectively, when compared to the same periods in 2012. Stock-based compensation expense increased $3 million and $26 million, respectively, partially offset by a decrease in intangible asset amortization of $1 million for both the three and six months ended June 30, 2013.

R&D expenses within EMC’s Information Infrastructure business, as a percentage of EMC’s Information Infrastructure business revenues, were 9% for both the three months ended June 30, 2013 and 2012 and were 9% and 8% for the six months ended June 30, 2013 and 2012, respectively. R&D expenses increased $13 million and $49 million for the three and six months ended June 30, 2013, respectively, primarily due to increases in personnel-related costs, which are expenses driven by incremental headcount from strategic hiring and business acquisitions, depreciation expense and facility costs. Personnel-related costs increased by $5 million and $33 million, depreciation expense increased by $5 million and $9 million and infrastructure costs increased by $3 million and $8 million for the three and six months ended June 30, 2013, respectively.

R&D expenses within the Pivotal business, as a percentage of Pivotal's revenues, were 40% and 52% for the three months ended June 30, 2013 and 2012, respectively, and were 40% and 57% for the six months ended June 30, 2013 and 2012, respectively. R&D expenses decreased $6 million for both the three and six months ended June 30, 2013 primarily due to lower personnel-related costs as the business continues to transition to its new strategic focus.

R&D expenses within the VMware Virtual Infrastructure business, as a percentage of VMware’s revenues, were 17% and 16% for the three months ended June 30, 2013 and 2012, respectively, and were 17% and 16% for the six months ended June 30, 2013 and 2012, respectively. R&D expenses increased $29 million and $58 million for the three and six months ended June 30, 2013, respectively, compared to the same periods in 2012 largely due to increases in personnel-related costs of $28 million and $50 million driven by incremental headcount from strategic hiring as well as increases in depreciation costs of $3 million and $4 million, respectively. In addition, during the six months ended June 30, 2013, infrastructure costs increased by $5 million.

Selling, General and Administrative

As a percentage of revenues, selling, general and administrative (“SG&A”) expenses were 32% for both the three and six months ended June 30, 2013 and 2012. SG&A expenses increased by $69 million and $133 million for the three and six months ended June 30, 2013, respectively, compared to the same periods 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 $74 million and $126 million and infrastructure costs increased by $7 million and $3 million during the three and six months ended June 30, 2013, respectively. Partially offsetting these increases were decreases in travel of $8 million and $2 million for the three and six months ended June 30, 2013, respectively.

Corporate reconciling items within SG&A, which consist of stock-based compensation and intangible asset amortization, decreased$5 million and increased $2 million for the three and six months ended June 30, 2013, respectively, when compared to the same periods in 2012. Intangible asset amortization decreased$2 million and $4 million and stock-based compensation expense decreased$2 million and increased$5 million for the three and six months ended June 30, 2013, respectively.

SG&A expenses within EMC’s Information Infrastructure business, as a percentage of EMC’s Information Infrastructure business revenues, were 26% and 27% for the three and six months ended June 30, 2013 and 2012, respectively. SG&A expenses increased $3 million and remained flat for the three and six months ended June 30, 2013, respectively, when compared to the same periods in 2012 primarily due to decreases in personnel-related costs and business development costs during 2012, which are expenses driven by incremental headcount from strategic hiring and business acquisitions and depreciation expense. Personnel-related costs increased by $7 million and $1 million, business development costs increased by $2 million and $5 million and depreciation expense decreased by $2 million and remained flat for the three and six months ended June 30, 2013, respectively.

SG&A expenses within the Pivotal business, as a percentage of Pivotal's revenues, were 53% and 59% for the three months ended June 30, 2013 and 2012, respectively, and were 55% and 70% for the six months ended June 30, 2013, respectively. SG&A expenses remained flat as the business continues to transition to its new strategic focus.

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SG&A expenses within the VMware Virtual Infrastructure business, as a percentage of VMware’s revenues, were 40% and 39% for the three months ended June 30, 2013 and 2012, respectively, and were 39% and 38% for the six months ended June 30, 2013 and 2012, respectively. SG&A expenses increased $71 million and $131 million for the three and six months ended June 30, 2013, respectively, when compared to the same periods in 2012 primarily due to growth in personnel-related expenses of $38 million and $92 million in the three and six months ended June 30, 2013, respectively, driven by incremental headcount. In addition, there were increases in commissions of $31 million and $47 million during the three and six months ended June 30, 2013, respectively.

Restructuring and Acquisition-Related Charges

For the three and six months ended June 30, 2013, we incurred restructuring and acquisition-related charges of $7 million and $155 million, respectively. For the three and six months ended June 30, 2012, we incurred restructuring and acquisition-related charges of $28 million and $53 million, respectively. For the three and six months ended June 30, 2013, EMC incurred $4 million and $85 million, respectively, of restructuring charges, primarily related to our current year restructuring programs and $0 million and $3 million, respectively, of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three and six months ended June 30, 2013, VMware incurred $2 million and $56 million, respectively, of restructuring charges related to workforce reductions as part of its current year restructuring program, $1 million and $10 million, respectively, of impairment charges related to its business realignment and $0 million and $1 million, respectively, of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three and six months ended June 30, 2012, we incurred $24 million and $48 million, respectively, of restructuring charges, primarily related to our 2012 restructuring programs and $4 million and $5 million, respectively, of costs in connection with acquisitions for financial advisory, legal and accounting services.

In the first quarter of 2013, EMC implemented a restructuring program to create further operational efficiencies which will result in a workforce reduction of approximately 1,000 positions. The actions will impact positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments. The first quarter restructuring program is expected to result in a total charge of approximately $80 million, with total cash payments associated with the plan expected to be approximately $73 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 750 positions across all major functional groups and geographies, and is expected to result in a charge in the range of $55 million to $60 million, of which $2 million and $56 million was recognized during the three and six months ended June 30, 2013, respectively. Additionally, VMware exited and is planning to exit certain lines of business and consolidated and is planning to consolidate facilities, which is expected to result in a total charge, including asset impairments, in the range of $20 million to $25 million, of which $1 million and $10 million was recognized during the three and six months ended June 30, 2013, respectively. 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 $50 million to $60 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 and 279 positions were identified in the first and second quarters of 2012, respectively. 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 $34 million and $26 million for the three months ended June 30, 2013 and 2012, respectively, and was $67 million and $55 million for the six months ended June 30, 2013 and 2012, respectively. Investment income increased for both the three and six months ended June 30, 2013 when compared to the same periods in 2012 primarily due to an increase in net realized gains. For the three months ended June 30, 2013, interest income was $26 million and net realized gains were $7 million. For the six months ended June 30, 2013, interest income was $52 million and net realized gains were $12 million. Additionally, interest income was $26 million and $52 million and net realized (losses) gains were $(1) million and $2 million for the three and six months ended June 30, 2012, respectively.

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Interest Expense

Interest expense was $31 million and $18 million for the three months ended June 30, 2013 and 2012, respectively, and was $51 million and $37 million for the six months ended June 30, 2013 and 2012, respectively. Interest expense consists primarily of interest on the 2013 Notes and the Notes. Included in interest expense are non-cash interest charges related to amortization of the debt discount attributable to the conversion feature of $16 million and $15 million for the three months ended June 30, 2013 and 2012, respectively, and $31 million and $30 million for the six months ended June 30, 2013 and 2012, respectively, as we are accreting the 2013 Notes to their stated values over their term. Also included in interest expense is the amortization of the debt discount and debt issuance fees attributable to the Notes. See Note 4 to the consolidated financial statements.

Other Expense, Net

Other expense, net was $59 million and $51 million for the three months ended June 30, 2013 and 2012, respectively, and was $142 million and $95 million for the six months ended June 30, 2013 and 2012, respectively. Other expense, net primarily consists of our consolidated share of the losses from our converged infrastructure joint venture, VCE Company LLC, of $71 million and $60 million for the three months ended June 30, 2013 and 2012, respectively, and $140 million and $115 million for the six months ended June 30, 2013 and 2012, respectively, and foreign currency exchange losses. Losses on interest rate swaps were $40 million for the three and six months ended June 30, 2012. Net gains from the sale of strategic investments held at cost were $45 million and $68 million for the three and six months ended June 30, 2012, respectively. In addition, during the three months ended June 30, 2013, we recorded net gains on the divestiture of businesses of $19 million as compared to the three months ended June 30, 2012, where we recorded a gain on our strategic investment in XtremIO of $32 million.

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 June 30, 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 22.4% and 17.7% for the three and six months ended June 30, 2013, respectively. Our effective income tax rates were 23.7% and 23.5% for the three and six months ended June 30, 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 periods for potential tax consequences, benefits and/or resolutions of tax audits or other tax contingencies. For the three and six months ended June 30, 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, state taxes and 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 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 six months ended June 30, 2013 included the estimated federal tax credit for increasing research activities for the full year 2012 as well as the six months ended June 30, 2013, which reduced our effective tax rate for the six month period. For the three and six months ended June 30, 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 and six months ended June 30, 2013 from the three and six months ended June 30, 2012 primarily due to the retroactive renewal of the U.S. federal tax credit for increasing research activities on January 2, 2013 as discussed above. The U.S. federal tax credit for increasing research activities reduced our effective income tax rate by approximately 1.0% and 5.1% for the three and six months ended June 30, 2013, respectively. There were also differences in the mix of income attributable to foreign versus domestic jurisdictions, state taxes, 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

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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.

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 $49 million and $40 million for the three months ended June 30, 2013 and 2012, respectively, and was $84 million and $79 million for the six months ended June 30, 2013 and 2012, respectively. The increase in both the three and six months ended June 30, 2013 compared to the same periods in 2012 was due to increases in VMware’s net income. VMware’s net income was $244 million and $192 million for the three months ended June 30, 2013 and 2012, respectively, and was $418 million and $383 million for the six months ended June 30, 2013 and 2012, respectively. The weighted average non-controlling interest in VMware was approximately 20% and 21% for the three and six months ended June 30, 2013 and 2012, respectively. 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 six months ended June 30, 2013, EMC purchased approximately 2 million VMware shares for approximately $150 million.

Financial Condition

Cash provided by operating activities was $2,941 million and $2,925 million for the six months ended June 30, 2013 and 2012, respectively. Cash received from customers was $12,007 million and $11,286 million for the six months ended June 30, 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 $8,485 million and $8,051 million for the six months ended June 30, 2013 and 2012, respectively. The increase was primarily attributable to a general growth in the business to support the increased revenue base. For the six months ended June 30, 2013 and 2012, we paid $642 million and $308 million, 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 six months ended June 30, 2013 compared to the six months ended June 30, 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 $4,534 million and $1,788 million for the six months ended June 30, 2013 and 2012, respectively. Cash used for business acquisitions, strategic and other investments was $253 million and $590 million for the six months ended June 30, 2013 and 2012, respectively. The decrease was primarily due to EMC acquiring three and eight companies in the six months ended June 30, 2013 and 2012, respectively. In the six months ended June 30, 2013 and 2012, we also provided funding of $158 million and $107 million, respectively, to our joint ventures VCE and Canopy, our joint venture with Atos. During the six months ended June 30, 2013, VMware received $31 million from dispositions of certain lines of business. During the six months ended June 30, 2012, we used $24 million on the settlement of interest rate swap contracts. Capital additions were $437 million and $332 million for the six months ended June 30, 2013 and 2012, respectively. Capitalized software development costs were $219 million and $207 million for the six months ended June 30, 2013 and 2012, respectively. Net purchases of investments were $3,498 million and $552 million for the six months ended June 30, 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 $4,447 million and $1,669 million for the six months ended June 30, 2013 and 2012, respectively. We received $5,463 million through the issuance of long-term notes in the six months ended June 30, 2013 and we spent $1,714 million for repayment of our convertible debt in the six months ended June 30, 2012. We spent $991 million and $260 million to repurchase 42 million and 10 million shares of our common stock for the six months ended June 30, 2013 and 2012, respectively. We also spent $160 million and $95 million to purchase 2 million and 1 million shares of VMware’s common

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stock in the six months ended June 30, 2013 and 2012, respectively. Additionally, in the six months ended June 30, 2013 and 2012, VMware spent $302 million and $178 million to repurchase 4 million and 2 million shares, respectively, of its common stock. We generated $290 million and $444 million during the six months ended June 30, 2013 and 2012, respectively, from the issuance of common stock. We generated $63 million and $155 million during the six months ended June 30, 2013 and 2012, respectively, of excess tax benefits from stock-based compensation. Additionally, during the six months ended June 30, 2013, Pivotal received a $105 million capital contribution from GE.

On May 30, 2013, EMC announced a quarterly cash dividend of $0.10 per share of common stock. On July 23, 2013, EMC paid a cash dividend of $208 million to shareholders of record as of the close of business on July 1, 2013.

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.

In June 2013, we issued $5,500 million aggregate principal amount of senior notes (collectively, the "Notes"). The Notes pay a fixed rate of interest semi-annually in arrears with the first interest payment commencing on December 1, 2013. The proceeds from the Notes will be used to satisfy cash payment obligations at the maturity, or upon the conversion, of the outstanding 2013 Notes as well as for general corporate purposes including stock repurchases, working capital needs and other business opportunities. The Notes of each series are senior, unsecured obligations of EMC and are not convertible or exchangeable. Unless previously purchased and canceled, we will repay the Notes of each series at 100% of the principal amount, together with accrued and unpaid interest thereon, at maturity. However, EMC has the right to redeem any or all of the Notes at specified redemption prices. As of June 30, 2013, we were in compliance with all debt covenants which are customary in nature.

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 $1,700 million in cash for the outstanding principal and 30 million shares for the $661 million excess of the conversion value over the principal amount, as prescribed by the terms of the 2011 Notes.

The remaining $1,669 million 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 June 30, 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 September 1, 2013, at which time they are fully convertible until maturity. 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 million of the 2013 Notes have been converted as of June 30, 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 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 108 million of the Purchased Options in conjunction with the planned settlements of the 2011 Notes, and we received 30 million shares of net settlement on January 9, 2012, representing the excess conversion value of the options. The remaining 108 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 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.

At June 30, 2013, our total cash, cash equivalents, and short-term and long-term investments were $17,576 million. This balance includes approximately $5,323 million held by VMware, of which $3,737 million is held overseas, and $3,033 million 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.

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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 June 30, 2013 which exclude stock-based compensation, amortization of intangible assets, restructuring and acquisition-related charges, the amortization of VMware’s capitalized software from prior periods and infrequently occurring gains, losses and charges 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 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 June 30, 2013 and 2012 were as follows (in millions):

	For the Three Months Ended
	June 30, 2013			June 30, 2012
Gross margin	$	3,609		$	3,418
Gross margin percentage	64.3		%	64.4		%
Operating income	1,356			1,275
Operating margin percentage	24.2		%	24.0		%
Income tax provision	308			310
Net income attributable to EMC	907			867
Diluted earnings per share attributable to EMC	$	0.42		$	0.39

The slight decrease in non-GAAP gross margin percentage was attributable to a positive mix shift to higher margin products offset by reduced service margins driven by a build up in consulting capabilities and higher customer service field activity. The improvement in the non-GAAP operating margin percentage was attributable to growing operating expenses slower than revenue year-over-year resulting from management's emphasis on expense control during the second quarter of 2013.

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

	For the Three Months Ended June 30, 2013
	GAAP		Stock-based compensation		Intangible asset amortization		Restructuring and acquisition- related charges		Amortization of VMware's capitalized software from prior periods		Net gain on disposition of certain lines of business and other			Non-GAAP
Gross margin	$	3,509	$	30	$	58	$	—	$	12	$	—		$	3,609
Operating income	1,022		218		97		7		12		—			1,356
Income tax provision	216		62		28		2		4		(5		)	308
Net income attributable to EMC	701		140		65		5		7		(11		)	907
Diluted earnings per share attributable to EMC	$	0.32	$	0.07	$	0.03	$	—	$	—	$	—		$	0.42

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MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (Continued)

	For the Three Months Ended June 30, 2012
	GAAP		Stock-based compensation		Intangible asset amortization		Restructuring and acquisition- related charges		Amortization of VMware's capitalized software from prior periods		RSA special charge (release)			Loss on interest rate swaps		Gain on strategic investment			Non-GAAP
Gross margin	$	3,347	$	31	$	46	$	—	$	18	$	(24	)	$	—	$	—		$	3,418
Operating income	947		219		88		28		18		(24		)	—		—			1,275
Income tax provision	214		47		28		6		6		(6		)	15		—			310
Net income attributable to EMC	650		154		57		22		10		(18		)	24		(32		)	867
Diluted earnings per share attributable to EMC	$	0.29	$	0.07	$	0.03	$	0.01	$	—	$	(0.01	)	$	0.01	$	(0.01	)	$	0.39

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 six months ended June 30, 2013, our free cash flow was $2,285 million, an decrease of 4% compared to the free cash flow generated for the six months ended June 30, 2012. The free cash flow for the six months ended June 30, 2013 exceeded our same period non-GAAP net income attributable to EMC by $528 million. 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 with an important perspective on the cash available to make strategic acquisitions and investments, repurchase shares, pay cash dividends, 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 (in millions):

	For the Six Months Ended
	June 30, 2013			June 30, 2012
Cash Flow from Operations	$	2,941		$	2,925
Capital Expenditures	(437		)	(332		)
Capitalized Software Development Costs	(219		)	(207		)
Free Cash Flow	$	2,285		$	2,386

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 $2,941 million and $2,925 million for the six months ended June 30, 2013 and 2012, respectively, cash used in investing activities of $4,534 million and $1,788 million for the six months ended June 30, 2013 and 2012, respectively, and net cash provided by and (used in) financing activities of $4,447 million and $(1,669) million for the six months ended June 30, 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;

• 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 and services 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 services and enhancements that meet customer demand, certification requirements and technical requirements;

• VMware's ability to compete effectively;

• 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 $10.1 billion in short- and long-term investments as of June 30, 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

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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. Our operations in Venezuela include U.S. dollar-denominated assets and liabilities which we re-measure to Bolivars. The re-measurement may result in transaction gains or losses. We have used the official 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

55

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 to 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

56

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 a 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.

Our failure to pay quarterly dividends to our shareholders could materially adversely affect our stock price.

Our ability to pay quarterly dividends will be subject to, among other things, our financial position and results of operations, available cash and cash flow, capital requirements, and other factors. Any reduction or discontinuation of quarterly dividends could cause our stock price to decline significantly.

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

ISSUER PURCHASES OF EQUITY SECURITIES IN THE SECOND QUARTER OF 2013

(table in millions, except per share amounts)

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
April 1, 2013 – April 30, 2013	6,369		$	22.25	6,298	258,160
May 1, 2013 – May 31, 2013	3,076		23.36		2,865	255,295
June 1, 2013 – June 30, 2013	19,711		24.60		19,711	235,584
Total	29,156	(2)	$	23.96	28,874	235,584

(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 281,700 shares withheld from employees for the payment of taxes.

Item 3.    DEFAULTS UPON SENIOR SECURITIES

None.

57

Item 4.    MINE SAFETY DISCLOSURES

Not applicable.

Item 5.    OTHER INFORMATION

None.

Item 6.    EXHIBITS

(a) Exhibits

See index to Exhibits on page 60 of this report.

58

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: August 2, 2013	EMC CORPORATION
	By:	/s/ David I. Goulden
		David I. Goulden
		President and Chief Operating Officer
		(Principal Financial Officer)

59

EXHIBIT INDEX

3.1	Restated Articles of Organization of EMC Corporation. (1)
3.2	Amended and Restated Bylaws of EMC Corporation. (1)
4.1	Form of Stock Certificate. (2)
4.2	Indenture with Wells Fargo Bank, N.A., as trustee, dated as of November 17, 2006. (3)
4.3	Registration Rights Agreement with Goldman, Sachs & Co., Lehman Brothers Inc. and Citigroup Global Markets Inc., dated as of November 17, 2006. (3)
4.4	Underwriting Agreement, dated as of June 3, 2013, by and among the Company, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters named therein. (4)
4.5	Indenture, dated as of June 6, 2013, by and between the Company and Wells Fargo Bank, National Association, as Trustee. (4)
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)

_________________

* 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 Quarterly Report on Form 10-Q filed May 3, 2013 (No. 1-9853).

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

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

(4) Incorporated by reference to EMC Corporation’s Current Report on Form 8-K filed June 6, 2013 (No. 1-9853).

60

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: August 2, 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: August 2, 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 June 30, 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

August 2, 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 June 30, 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

August 2, 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

Joint Ventures

6 Months Ended

Jun. 30, 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.

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 June 30, 2013, we have contributed $854 million in funding and $15 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 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% for the three and six months ended June 30, 2013 and 2012. As of June 30, 2013, we have recorded net accumulated losses from VCE of $638 million since inception, of which $71 million and $140 million were recorded in the three and six months ending June 30, 2013, respectively, and $60 million and $115 million were recorded in the three and six months ended June 30, 2012, respectively.

We recognized $102 million and $176 million in revenue from sales of product and services to VCE during the three and six months ended June 30, 2013, respectively, and $75 million and $146 million for the three and six months ended June 30, 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 $39 million and $44 million as of June 30, 2013 and December 31, 2012, respectively, included in other current assets in the consolidated balance sheets.

XML

Allowance for Credit Losses (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of the period	$ 17	$ 24
Recoveries	(9)	(13)
Provisions	3	6
Balance, end of the period	$ 11	$ 17

XML

CONSOLIDATED INCOME STATEMENTS (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues:
Product sales revenue	$ 3,258	$ 3,179	$ 6,369	$ 6,248
Services	2,356	2,132	4,632	4,158
Total consolidated revenues	5,614	5,311	11,001	10,406
Costs and expenses:
Cost of product sales	1,340	1,254	2,696	2,556
Cost of services	765	710	1,498	1,389
Research and development	695	655	1,370	1,244
Selling, general and administrative	1,785	1,717	3,499	3,367
Restructuring and acquisition-related charges	7	28	155	53
Operating income	1,022	947	1,783	1,797
Non-operating income (expense):
Investment income	34	26	67	55
Interest expense	(31)	(18)	(51)	(37)
Other expense, net	59	51	142	95
Total non-operating income (expense)	(56)	(43)	(126)	(77)
Income before provision for income taxes	966	904	1,657	1,720
Provision for income tax	216	214	292	405
Net income	750	690	1,365	1,315
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(49)	(40)	(84)	(79)
Net income attributable to EMC Corporation	$ 701	$ 650	$ 1,281	$ 1,236
Net income per weighted average share, basic attributable to EMC Corporation common shareholders	$ 0.34	$ 0.31	$ 0.61	$ 0.59
Net income per weighted average share, diluted attributable to EMC Corporation common shareholders	$ 0.32	$ 0.29	$ 0.59	$ 0.56
Weighted average shares, basic	2,092	2,096	2,097	2,082
Weighted average shares, diluted	2,174	2,208	2,181	2,205
Cash dividends declared per common share	$ 0.10	$ 0.00	$ 0.10	$ 0.00

XML

Non-controlling Interest in VMware, Inc.

6 Months Ended

Jun. 30, 2013

Noncontrolling Interest [Abstract]

Non-controlling Interest in VMware, Inc.

Non-controlling Interests

The non-controlling interests’ share of equity in VMware is reflected as non-controlling interests in the accompanying consolidated balance sheets and was $1,237 million and $1,167 million as of June 30, 2013 and December 31, 2012, respectively. At June 30, 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 millions):

	For the Six Months Ended
	June 30, 2013			June 30, 2012
Net income attributable to EMC Corporation	$	1,281		$	1,236
Transfers (to) from the non-controlling interest in VMware, Inc.:
Increase in EMC Corporation’s additional paid-in-capital for VMware’s equity issuances	52			78
Decrease in EMC Corporation’s additional paid-in-capital for VMware’s other equity activity	(321		)	(250		)
Net transfers (to) from non-controlling interest	(269		)	(172		)
Change from net income attributable to EMC Corporation and transfers from the non-controlling interest in VMware, Inc.	$	1,012		$	1,064

The non-controlling interests' share of equity in Pivotal is reflected as a component of the non-controlling interests in the accompanying consolidated balance sheets as $105 million and $0 million at June 30, 2013 and December 31, 2012, respectively. At June 30, 2013, EMC consolidated held approximately 84% of the economic interest in Pivotal. GE's interest in Pivotal is in the form of a preferred equity instrument. Consequently, there is no net income attributable to non-controlling interest related to Pivotal on the consolidated income statements. Additionally, due to the terms of the preferred instrument, GE's non-controlling interest on the consolidated balance sheets is generally not impacted by Pivotal's equity related activity. The preferred equity instrument is convertible into common shares at GE’s election at any time.

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Basis of Presentation Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 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 GoPivotal, Inc. ("Pivotal") business was formed in the second quarter of 2013. Pivotal unites strategic technology, people and programs from EMC and VMware, Inc. ("VMware"), including Greenplum, Cloud Foundry, Spring, Cetas, Pivotal Labs, GemFire and other products from the VMware vFabric Suite. Pivotal is building a new platform comprising next-generation data fabrics, application fabrics and a cloud-independent platform as a service ("PaaS").

EMC’s VMware Virtual Infrastructure business, which is represented by EMC’s majority equity stake in 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, as well as Pivotal and VMware, companies 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- and six-month periods ended June 30, 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 ("2013 Notes") 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

Certain prior year amounts have been reclassified to conform with the current year's presentation. During the second quarter of 2013, EMC and VMware combined certain operations to form Pivotal, with a cash investment from General Electric Company ("GE"). Pivotal is considered a separate reportable segment. We have recast the segment disclosures for the prior financial reporting periods to separately present the operations of the Pivotal segment. None of the segment reclassifications impact EMC's previously reported consolidated financial statements. See Note 15 for further discussion of the segment reclassifications.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In March 2013, the Financial Accounting Standards Board ("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.

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Segment Information Segment information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues:
Product sales revenue	$ 3,258,000,000	$ 3,179,000,000	$ 6,369,000,000	$ 6,248,000,000
Services revenues	2,356,000,000	2,132,000,000	4,632,000,000	4,158,000,000
Total consolidated revenues	5,614,000,000	5,311,000,000	11,001,000,000	10,406,000,000
Gross profit	3,509,000,000	3,347,000,000	6,807,000,000	6,461,000,000
Gross profit percentage	62.50%	63.00%	61.90%	62.10%
Research and development	695,000,000	655,000,000	1,370,000,000	1,244,000,000
Selling, general and administrative	1,785,000,000	1,717,000,000	3,499,000,000	3,367,000,000
Restructuring and Acquisition-related Charges	7,000,000	28,000,000	155,000,000	53,000,000
Total costs and expenses	2,487,000,000	2,400,000,000	5,024,000,000	4,664,000,000
Operating income	1,022,000,000	947,000,000	1,783,000,000	1,797,000,000
Other income (expense), net	(56,000,000)	(43,000,000)	(126,000,000)	(77,000,000)
Income before provision for income taxes	966,000,000	904,000,000	1,657,000,000	1,720,000,000
Provision for income tax	216,000,000	214,000,000	292,000,000	405,000,000
Net income	750,000,000	690,000,000	1,365,000,000	1,315,000,000
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(49,000,000)	(40,000,000)	(84,000,000)	(79,000,000)
Net income attributable to EMC Corporation	701,000,000	650,000,000	1,281,000,000	1,236,000,000
Information Storage
Revenues:
Product sales revenue	2,568,000,000	2,500,000,000	5,028,000,000	4,937,000,000
Services revenues	1,358,000,000	1,287,000,000	2,662,000,000	2,513,000,000
Total consolidated revenues	3,926,000,000	3,787,000,000	7,690,000,000	7,450,000,000
Gross profit	2,230,000,000	2,164,000,000	4,309,000,000	4,210,000,000
Gross profit percentage	56.80%	57.10%	56.00%	56.50%
Information Intelligence Group
Revenues:
Product sales revenue	39,000,000	45,000,000	82,000,000	82,000,000
Services revenues	113,000,000	108,000,000	226,000,000	217,000,000
Total consolidated revenues	152,000,000	153,000,000	308,000,000	299,000,000
Gross profit	96,000,000	102,000,000	195,000,000	192,000,000
Gross profit percentage	63.10%	67.00%	63.40%	64.30%
RSA Information Security
Revenues:
Product sales revenue	98,000,000	103,000,000	198,000,000	199,000,000
Services revenues	130,000,000	117,000,000	262,000,000	228,000,000
Total consolidated revenues	228,000,000	220,000,000	460,000,000	427,000,000
Gross profit	148,000,000	179,000,000	301,000,000	312,000,000
Gross profit percentage	65.10%	81.10%	65.20%	73.10%
EMC Information Infrastructure
Revenues:
Product sales revenue	2,705,000,000	2,648,000,000	5,308,000,000	5,218,000,000
Services revenues	1,601,000,000	1,512,000,000	3,150,000,000	2,958,000,000
Total consolidated revenues	4,306,000,000	4,160,000,000	8,458,000,000	8,176,000,000
Gross profit	2,474,000,000	2,445,000,000	4,805,000,000	4,714,000,000
Gross profit percentage	57.50%	58.80%	56.80%	57.70%
Research and development	375,000,000	363,000,000	739,000,000	691,000,000
Selling, general and administrative	1,117,000,000	1,114,000,000	2,193,000,000	2,191,000,000
Restructuring and Acquisition-related Charges	0	0	0	0
Total costs and expenses	1,492,000,000	1,477,000,000	2,932,000,000	2,882,000,000
Operating income	982,000,000	968,000,000	1,873,000,000	1,832,000,000
EMC Information Infrastructure Plus Pivotal [Member]
Revenues:
Product sales revenue	2,729,000,000	2,671,000,000	5,356,000,000	5,262,000,000
Services revenues	1,647,000,000	1,552,000,000	3,241,000,000	3,021,000,000
Total consolidated revenues	4,376,000,000	4,223,000,000	8,597,000,000	8,283,000,000
Gross profit	2,500,000,000	2,478,000,000	4,857,000,000	4,767,000,000
Gross profit percentage	57.10%	58.70%	56.50%	57.60%
Research and development	403,000,000	396,000,000	795,000,000	752,000,000
Selling, general and administrative	1,154,000,000	1,150,000,000	2,268,000,000	2,266,000,000
Restructuring and Acquisition-related Charges	0	0	0	0
Total costs and expenses	1,557,000,000	1,546,000,000	3,063,000,000	3,018,000,000
Operating income	943,000,000	932,000,000	1,794,000,000	1,749,000,000
Other income (expense), net	(77,000,000)	(40,000,000)	(150,000,000)	(78,000,000)
Provision for income tax	214,000,000	265,000,000	402,000,000	474,000,000
Net income	652,000,000	627,000,000	1,242,000,000	1,197,000,000
Less: Net income attributable to the non-controlling interest in VMware, Inc.	0	0	0	0
Net income attributable to EMC Corporation	652,000,000	627,000,000	1,242,000,000	1,197,000,000
VMware Virtual Infrastructure Within EMC
Revenues:
Product sales revenue	529,000,000	508,000,000	1,013,000,000	986,000,000
Services revenues	709,000,000	580,000,000	1,391,000,000	1,137,000,000
Total consolidated revenues	1,238,000,000	1,088,000,000	2,404,000,000	2,123,000,000
Gross profit	1,109,000,000	964,000,000	2,150,000,000	1,882,000,000
Gross profit percentage	89.60%	88.50%	89.40%	88.60%
Research and development	207,000,000	178,000,000	397,000,000	339,000,000
Selling, general and administrative	489,000,000	418,000,000	939,000,000	809,000,000
Restructuring and Acquisition-related Charges	0	0	0	0
Total costs and expenses	696,000,000	596,000,000	1,336,000,000	1,148,000,000
Operating income	413,000,000	368,000,000	814,000,000	734,000,000
Other income (expense), net	3,000,000	5,000,000	7,000,000	12,000,000
Provision for income tax	93,000,000	52,000,000	176,000,000	118,000,000
Net income	323,000,000	321,000,000	645,000,000	628,000,000
Less: Net income attributable to the non-controlling interest in VMware, Inc.	68,000,000	63,000,000	130,000,000	122,000,000
Net income attributable to EMC Corporation	255,000,000	258,000,000	515,000,000	506,000,000
Corp Reconciling Items [Member]
Revenues:
Product sales revenue	0	0	0	0
Services revenues	0	0	0	0
Total consolidated revenues		0	0
Gross profit	(100,000,000)	(95,000,000)	(200,000,000)	(188,000,000)
Gross profit percentage	0.00%
Research and development	85,000,000	81,000,000	178,000,000	153,000,000
Selling, general and administrative	142,000,000	149,000,000	292,000,000	292,000,000
Restructuring and Acquisition-related Charges	7,000,000	28,000,000	155,000,000	53,000,000
Total costs and expenses	234,000,000	258,000,000	625,000,000	498,000,000
Operating income	(334,000,000)	(353,000,000)	(825,000,000)	(686,000,000)
Other income (expense), net	18,000,000	(8,000,000)	17,000,000	(11,000,000)
Provision for income tax	(91,000,000)	(103,000,000)	(286,000,000)	(187,000,000)
Net income	(225,000,000)	(258,000,000)	(522,000,000)	(510,000,000)
Less: Net income attributable to the non-controlling interest in VMware, Inc.	19,000,000	(23,000,000)	(46,000,000)	(43,000,000)
Net income attributable to EMC Corporation	(206,000,000)	(235,000,000)	(476,000,000)	(467,000,000)
Pivotal
Revenues:
Product sales revenue	24,000,000	23,000,000	48,000,000	44,000,000
Services revenues	46,000,000	40,000,000	91,000,000	63,000,000
Total consolidated revenues	70,000,000	63,000,000	139,000,000	107,000,000
Gross profit	26,000,000	33,000,000	52,000,000	53,000,000
Gross profit percentage	37.10%	53.20%	37.70%	49.50%
Research and development	28,000,000	33,000,000	56,000,000	61,000,000
Selling, general and administrative	37,000,000	36,000,000	75,000,000	75,000,000
Restructuring and Acquisition-related Charges	0	0	0	0
Total costs and expenses	65,000,000	69,000,000	131,000,000	136,000,000
Operating income	$ (39,000,000)	$ (36,000,000)	$ (79,000,000)	$ (83,000,000)

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Joint Ventures (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended			3 Months Ended		6 Months Ended		66 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013 LenovoEMC	Jun. 30, 2013 VCE Company LLC	Jun. 30, 2012 VCE Company LLC	Jun. 30, 2013 VCE Company LLC	Jun. 30, 2012 VCE Company LLC	Jun. 30, 2013 VCE Company LLC	Jun. 30, 2013 Other Assets, Net VCE Company LLC	Dec. 31, 2012 Other Assets, Net VCE Company LLC
Schedule of Equity Method Investments [Line Items]
Accumulated stock-based compensation contributed to joint venture								$ 15
Consolidated ownership perentage of outstanding equity				58.00%		58.00%		58.00%
Capital contribution	158	107						854
Consolidated share of losses						63.20%
Loss From VCE				71	60	140	115	638
Revenue recognized from sales to VCE				102	75	176	146
Receivable from joint venture									$ 39	$ 44
Joint Venture, Ownership Interest Percentage			49.00%

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Accrued Expenses

6 Months Ended

Jun. 30, 2013

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consist of (table in millions):

	June 30, 2013		December 31, 2012
Salaries and benefits	$	932	$	1,018
Product warranties	291		278
Dividends payable (see Note 12)	212		—
Partner rebates	179		187
Restructuring, current (See Note 13)	88		76
Derivatives	32		40
Other	937		923
	$	2,671	$	2,522

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 and six months ended June 30, 2013 and 2012 (table in millions):

	For the Three Months Ended						For the Six Months Ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Balance, beginning of the period	$	283		$	263		$	278		$	255
Provision	51			40			96			88
Amounts charged to the accrual	(43		)	(41		)	(83		)	(81		)
Balance, end of the period	$	291		$	262		$	291		$	262

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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Changes In Fair Value of Level 3 Financial Assets (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
LenovoEMC
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of the period	$ 33		$ 33
Realized gain (loss) included in other income (expense)	1		1
Balance, end of the period	34		34
Auction Rate Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of the period	68	79	70	75
Calls at par value	0	0	1	0
Other than Temporary Impairment Losses, Investments	0	(2)	1	2
(Increase) decrease in previously recognized unrealized losses included in other comprehensive income	0	(3)	0	1
Balance, end of the period	$ 68	$ 74	$ 68	$ 74

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Components of Accrued Expenses (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011
Payables and Accruals [Abstract]
Salaries and benefits	$ 932		$ 1,018
Product warranties	291	283	278	262	263	255
Dividends Payable	212		0
Partner rebates	179		187
Restructuring, current (see Note 13)	88		76
Derivatives	32		40
Other	937		923
Accrued Liabilities, Current, Total	$ 2,671		$ 2,522

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Effect of Changes in Ownership Interest in VMware on Equity (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Noncontrolling Interest [Line Items]
Net income attributable to EMC Corporation	$ 701	$ 650	$ 1,281	$ 1,236
VMware
Noncontrolling Interest [Line Items]
Net income attributable to EMC Corporation			1,281	1,236
Increase in EMC Corporation’s additional paid-in-capital for VMware’s equity issuances			52	78
Decrease in EMC Corporation’s additional paid-in-capital for VMware’s other equity activity			(321)	(250)
Net transfers (to) from non-controlling interest			(269)	(172)
Change from net income attributable to EMC Corporation and transfers from the non-controlling interest in VMware, Inc.			$ 1,012	$ 1,064

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Debt (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2013

Jun. 30, 2013

Debt Disclosure [Abstract]

Key Components of Convertible Debt

Our long-term debt as of June 30, 2013 was as follows (dollars in millions):

Senior Notes	Issued at Discount to Par		Carrying Value
$2.5 billion 1.875% Notes due 2018	99.943	%	$	2,499
$2.0 billion 2.650% Notes due 2020	99.760	%	$	1,995
$1.0 billion 3.375% Notes due 2023	99.925	%	$	999
			$	5,493

The following tables represent the key components of our interest expense on convertible debt (tables in millions):

	For the Three Months Ended
	June 30, 2013		June 30, 2012
Contractual interest expense on the coupon	$	7	$	7
Amortization of the discount component recognized as interest expense	16		15
Total interest expense on the convertible debt	$	23	$	22

	For the Six Months Ended
	June 30, 2013		June 30, 2012
Contractual interest expense on the coupon	$	15	$	15
Amortization of the discount component recognized as interest expense	31		30
Total interest expense on the convertible debt	$	46	$	45

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Business Combinations, Intangibles and Goodwill (Tables)

6 Months Ended

Jun. 30, 2013

Business Combination, Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Excluding Goodwill

Intangible Assets

Intangible assets, excluding goodwill, as of June 30, 2013 and December 31, 2012 consist of (tables in millions):

	June 30, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,236	$	(1,318	)	$	918
Patents	225		(94		)	131
Software licenses	99		(90		)	9
Trademarks and tradenames	171		(110		)	61
Customer relationships and customer lists	1,359		(790		)	569
In-process research and development	9		—			9
Leasehold interest	145		(9		)	136
Other	26		(26		)	—
Total intangible assets, excluding goodwill	$	4,270	$	(2,437	)	$	1,833

	December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,233	$	(1,207	)	$	1,026
Patents	225		(87		)	138
Software licenses	96		(88		)	8
Trademarks and tradenames	173		(102		)	71
Customer relationships and customer lists	1,378		(724		)	654
Leasehold interest	145		(7		)	138
Other	26		(26		)	—
Total intangible assets, excluding goodwill	$	4,276	$	(2,241	)	$	2,035

Changes in Carrying Amount of Goodwill

Goodwill

Changes in the carrying amount of goodwill, net, on a consolidated basis and by segment, for the six months ended June 30, 2013 and the year ended December 31, 2012 consist of (tables in millions):

	Six Months Ended June 30, 2013
	Information Storage			Information Intelligence Group		RSA Information Security			Pivotal		VMware Virtual Infrastructure			Total
Balance, beginning of the period	$	7,442		$	1,484	$	2,022		$	—	$	2,892		$	13,840
Goodwill resulting from acquisitions	9			1		—			—		162			172
Finalization of purchase price allocations and other, net	(1		)	—		(1		)	—		(16		)	(18		)
Goodwill transferred in formation of Pivotal	(112		)	—		—			140		(28		)	—
Balance, end of the period	$	7,338		$	1,485	$	2,021		$	140	$	3,010		$	13,994

	Year Ended December 31, 2012
	Information Storage			Information Intelligence Group		RSA Information Security			Pivotal		VMware Virtual Infrastructure			Total
Balance, beginning of the year	$	7,034		$	1,469	$	1,849		$	—	$	1,803		$	12,155
Goodwill resulting from acquisitions	438			15		179			—		1,092			1,724
Finalization of purchase price allocations	(1		)	—		(6		)	—		(3		)	(10		)
Goodwill de-recognized in divestiture of business	(29		)	—		—			—		—			(29		)
Balance, end of the year	$	7,442		$	1,484	$	2,022		$	—	$	2,892		$	13,840

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Fair Value Hierarchy For Financial Assets And Liabilities Measured At Fair Value (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	$ 17,576	$ 11,396
Investment in joint venture, fair value	34	33
Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	68	70
Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	8,716	5,560
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	8,792	5,766
Investment in joint venture, fair value	0	0
Convertible Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible debt	(2,519)	(2,666)
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	(2,519)	(2,666)
Convertible Debt | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible debt
Long-term Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	5,440
Long-term Debt [Member] | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	0
Long-term Debt [Member] | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	(5,440)
Long-term Debt [Member] | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	0
Private Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	313	352
Private Equity Securities [Member] | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	313	352
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	114	87
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	114	87
Foreign Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	1,841	1,279
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	1,841	1,279
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	70
Auction Rate Securities | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	68	70
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	957	1,035
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	957	1,035
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	5	2
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	5	2
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	506	519
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	506	519
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	1,989	1,490
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	1,989	1,490
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	4,570	2,200
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	2,212	873
US Government Agencies Debt Securities | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	2,358	1,327
Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign exchange derivative assets	40	30
Foreign exchange derivative liabilities	(32)	(35)
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	40	30
Foreign exchange derivative liabilities	(32)	(35)
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	(1)	(1)
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	(1)	(1)
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	5,839	3,260
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	1,206	362
Cash Equivalents | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	4,633	2,898
Cash
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total cash and investments	1,687	1,454
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	$ 1,687	$ 1,454

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Restructuring and Acquisition-Related Charges (Tables)

6 Months Ended

Jun. 30, 2013

Restructuring and Related Activities [Abstract]

Activity for the Restructuring Programs

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

Three Months Ended June 30, 2013:

2013 EMC Programs
Category	Balance as of March 31, 2013		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	66	$	2	$	(23	)	$	45
Consolidation of excess facilities and other contractual obligations	—		3		(1		)	2
Total	$	66	$	5	$	(24	)	$	47

2013 VMware Programs
Category	Balance as of March 31, 2013		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	26	$	2	$	(26	)	$	2
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	26	$	2	$	(26	)	$	2

Other EMC Programs
Category	Balance as of March 31, 2013		Adjustments to the Provision			Utilization			Balance as of June 30, 2013
Workforce reductions	$	46	$	(3	)	$	(14	)	$	29
Consolidation of excess facilities and other contractual obligations	30		2			(5		)	27
Total	$	76	$	(1	)	$	(19	)	$	56

Six Months Ended June 30, 2013:

2013 EMC Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	—	$	81	$	(36	)	$	45
Consolidation of excess facilities and other contractual obligations	—		3		(1		)	2
Total	$	—	$	84	$	(37	)	$	47

2013 VMware Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	—	$	56	$	(54	)	$	2
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	—	$	56	$	(54	)	$	2

Other EMC Programs
Category	Balance as of December 31, 2012		Adjustments to the Provision			Utilization			Balance as of June 30, 2013
Workforce reductions	$	63	$	(8	)	$	(26	)	$	29
Consolidation of excess facilities and other contractual obligations	28		9			(10		)	27
Total	$	91	$	1		$	(36	)	$	56

Three Months Ended June 30, 2012:

2012 EMC Programs
Category	Balance as of March 31, 2012		2012 Charges		Utilization			Balance as of June 30, 2012
Workforce reductions	$	20	$	23	$	(9	)	$	34
Consolidation of excess facilities and other contractual obligations	1		4		(2		)	3
Total	$	21	$	27	$	(11	)	$	37

Other EMC Programs
Category	Balance as of March 31, 2012		Adjustments to the Provision			Utilization			Balance as of June 30, 2012
Workforce reductions	$	31	$	(3	)	$	(8	)	$	20
Consolidation of excess facilities and other contractual obligations	28		—			(2		)	26
Total	$	59	$	(3	)	$	(10	)	$	46

Six Months Ended June 30, 2012:

2012 EMC Programs
Category	Balance as of December 31, 2011		2012 Charges		Utilization			Balance as of June 30, 2012
Workforce reductions	$	—	$	46	$	(12	)	$	34
Consolidation of excess facilities and other contractual obligations	—		5		(2		)	3
Total	$	—	$	51	$	(14	)	$	37

Other EMC Programs
Category	Balance as of December 31, 2011		Adjustments to the Provision			Utilization			Balance as of June 30, 2012
Workforce reductions	$	50	$	(6	)	$	(24	)	$	20
Consolidation of excess facilities and other contractual obligations	30		3			(7		)	26
Total	$	80	$	(3	)	$	(31	)	$	46

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Business Combinations, Intangibles and Goodwill - Intangible Assets (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	$ 4,270	$ 4,276
Accumulated Amortization	(2,437)	(2,241)
Net Book Value	1,833	2,035
Purchased Technology
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	2,236	2,233
Accumulated Amortization	(1,318)	(1,207)
Net Book Value	918	1,026
Patents
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	225	225
Accumulated Amortization	(94)	(87)
Net Book Value	131	138
Software Licenses
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	99	96
Accumulated Amortization	(90)	(88)
Net Book Value	9	8
Trademarks And Tradenames
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	171	173
Accumulated Amortization	(110)	(102)
Net Book Value	61	71
Customer Relationships And Customer Lists
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	1,359	1,378
Accumulated Amortization	(790)	(724)
Net Book Value	569	654
In Process Research And Development
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	9
Accumulated Amortization	0
Net Book Value	9
Leasehold Interest
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	145	145
Accumulated Amortization	(9)	(7)
Net Book Value	136	138
Other Intangible Assets
Schedule of Intangible Assets, Excluding Goodwill [Line Items]
Gross Carrying Amount	26	26
Accumulated Amortization	(26)	(26)
Net Book Value	$ 0	$ 0

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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 Millions, unless otherwise specified	Jun. 30, 2012
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	$ 4,706
Less than 12 Months Unrealized Losses	(28)
12 Months or Greater Fair Value	86
12 Months or Greater Unrealized Losses	(4)
Total Fair Value	4,792
Total, Gross Unrealized Losses	32
US Government Agencies Debt Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	2,181
Less than 12 Months Unrealized Losses	(5)
12 Months or Greater Fair Value	8
12 Months or Greater Unrealized Losses	0
Total Fair Value	2,189
Total, Gross Unrealized Losses	5
US Corporate Debt Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	1,100
Less than 12 Months Unrealized Losses	(7)
12 Months or Greater Fair Value	0
12 Months or Greater Unrealized Losses	0
Total Fair Value	1,100
Total, Gross Unrealized Losses	7
High Yield Corporate Debt Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	200
Less than 12 Months Unrealized Losses	(8)
12 Months or Greater Fair Value	0
12 Months or Greater Unrealized Losses	0
Total Fair Value	200
Total, Gross Unrealized Losses	8
Asset-backed Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	4
Less than 12 Months Unrealized Losses	0
12 Months or Greater Fair Value	0
12 Months or Greater Unrealized Losses	0
Total Fair Value	4
Total, Gross Unrealized Losses	0
Municipal Obligations
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	342
Less than 12 Months Unrealized Losses	(2)
12 Months or Greater Fair Value	10
12 Months or Greater Unrealized Losses	0
Total Fair Value	352
Total, Gross Unrealized Losses	2
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
12 Months or Greater Unrealized Losses	(4)
Total Fair Value	68
Total, Gross Unrealized Losses	4
Foreign Debt Securities
Gain (Loss) on Investments [Line Items]
Less Than 12 Months Fair Value	879
Less than 12 Months Unrealized Losses	(6)
12 Months or Greater Fair Value	0
12 Months or Greater Unrealized Losses	0
Total Fair Value	879
Total, Gross Unrealized Losses	$ 6

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Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Components of Property, Plant and Equipment

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

	June 30, 2013			December 31, 2012
Furniture and fixtures	$	209		$	197
Equipment and software	5,636			5,345
Buildings and improvements	1,955			1,873
Land	121			121
Building construction in progress	250			197
	8,171			7,733
Accumulated depreciation	(4,880		)	(4,588		)
	$	3,291		$	3,145

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Restructuring and Acquisition-Related Charges - Additional information (Detail) (USD $)	3 Months Ended		6 Months Ended		3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended	3 Months Ended		6 Months Ended	12 Months Ended	3 Months Ended		12 Months Ended		3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013 VMware	Jun. 30, 2013 VMware	Jun. 30, 2013 Restructuring 2013 Programs Positions	Jun. 30, 2013 Restructuring 2013 Programs	Dec. 31, 2013 Restructuring 2013 Programs	Jun. 30, 2013 Restructuring 2013 Programs VMware	Mar. 31, 2013 Restructuring 2013 Programs VMware	Jun. 30, 2013 Restructuring 2013 Programs VMware	Dec. 31, 2013 Restructuring 2013 Programs VMware Positions	Jun. 30, 2012 Restructuring 2012 Programs 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	Jun. 30, 2013 Consolidation of excess facilities and other contractual obligations Restructuring 2013 Programs VMware	Jun. 30, 2013 Consolidation of excess facilities and other contractual obligations Restructuring 2013 Programs VMware	Jun. 30, 2013 Workforce reductions Restructuring 2013 Programs VMware	Jun. 30, 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]
Gain (Loss) on Disposition of Assets					$ 32,000,000
Restructuring and acquisition-related charges	7,000,000	28,000,000	155,000,000	53,000,000
Assets Held-for-sale, Current					19,000,000	19,000,000
Restructuring charges	4,000,000	24,000,000	85,000,000	48,000,000	2,000,000	56,000,000				2,000,000		56,000,000						0	0	2,000,000	56,000,000
Asset Impairment Charges					1,000,000	10,000,000
Acquisition-related charges	0	4,000,000	3,000,000	5,000,000	0	1,000,000
Restructuring and Related Cost, Number of Positions Eliminated							1,000						750	279	298	1,163
Restructuring and Related Cost, Expected Cost									80,000,000														20,000,000	55,000,000		25,000,000	60,000,000
Restructuring and Related Cost, Expected Cost, to be Settled with Cash									73,000,000													50,000,000			60,000,000
Lease termination costs for facilities	5,000,000	4,000,000	12,000,000	8,000,000
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					$ 21,000,000	$ 21,000,000

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Reclassification Out of Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended		6 Months Ended		3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012 Accumulated Net Unrealized Investment Gain (Loss)	Jun. 30, 2013 Accumulated Net Unrealized Investment Gain (Loss)	Dec. 31, 2012 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Jun. 30, 2013 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Dec. 31, 2012 Accumulated Defined Benefit Plans Adjustment	Jun. 30, 2013 Accumulated Defined Benefit Plans Adjustment	Jun. 30, 2013 Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Jun. 30, 2013 Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Jun. 30, 2013 Foreign Exchange Contract Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Jun. 30, 2013 Foreign Exchange Contract Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Jun. 30, 2013 Unrealized Gain (Loss) Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Unrealized Investment Gain (Loss)	Jun. 30, 2013 Unrealized Gain (Loss) Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Unrealized Investment Gain (Loss)	Jun. 30, 2013 Unrealized Gain on Investments Reclassification Out of Accumulated Other Comprehensive Income Accumulated Net Unrealized Investment Gain (Loss)	Jun. 30, 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	$ 34,000,000	$ 26,000,000	$ 67,000,000	$ 55,000,000											$ 6,000,000	$ 13,000,000
Total net gain on derivatives before tax											3,000,000	10,000,000
Net of tax											3,000,000	8,000,000			4,000,000	8,000,000
Product sales revenue	3,258,000,000	3,179,000,000	6,369,000,000	6,248,000,000									6,000,000	16,000,000
Cost of product sales	1,340,000,000	1,254,000,000	2,696,000,000	2,556,000,000									3,000,000	(6,000,000)
Provision for income tax	$ (216,000,000)	$ (214,000,000)	$ (292,000,000)	$ (405,000,000)	$ (37,000,000)	$ (17,000,000)	$ 67,000,000	$ 66,000,000	$ 87,000,000	$ 87,000,000	$ 0	$ (2,000,000)					$ (2,000,000)	$ 5,000,000

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Key Components of Convertible Debt (Detail) (Convertible Senior Notes 2011 and 2013, USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Convertible Senior Notes 2011 and 2013
Debt Instrument [Line Items]
Contractual interest expense on the coupon	$ 7	$ 7	$ 15	$ 15
Amortization of the discount component recognized as interest expense	16	15	31	30
Total interest expense on the convertible debt	$ 23	$ 22	$ 46	$ 45

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

6 Months Ended

Jun. 30, 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 millions):

	For the Six Months Ended
	June 30, 2013			June 30, 2012
Net income attributable to EMC Corporation	$	1,281		$	1,236
Transfers (to) from the non-controlling interest in VMware, Inc.:
Increase in EMC Corporation’s additional paid-in-capital for VMware’s equity issuances	52			78
Decrease in EMC Corporation’s additional paid-in-capital for VMware’s other equity activity	(321		)	(250		)
Net transfers (to) from non-controlling interest	(269		)	(172		)
Change from net income attributable to EMC Corporation and transfers from the non-controlling interest in VMware, Inc.	$	1,012		$	1,064

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Changes in unrealized gains (losses) - taxes (benefits)	$ (17)	$ 11	$ (15)	$ 27
Reclassification adjustment for net losses (gains) realized in net income - benefits (taxes)	(2)	0	5	1
Changes in market value of derivatives - taxes (benefits)	1	(21)	2	(15)
Reclassification adjustment for net losses (gains) realized in net income - benefits (taxes)	$ 0	$ 14	$ 1	$ (14)

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $) In Millions, unless otherwise specified	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Non-controlling Interests
Beginning Balance at Dec. 31, 2011	$ 20,280	$ 21	$ 3,405	$ 16,121	$ (235)	$ 968
Beginning Balance (in shares) at Dec. 31, 2011		2,050
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Stock issued through stock option and stock purchase plans (in shares)		22
Stock issued through stock option and stock purchase plans	300	0	300
Tax benefit from stock options exercised	184		184
Restricted stock grants, cancellations and withholdings, net (in shares)		5
Restricted stock grants, cancellations and withholdings, net	(67)	0	(67)
Repurchase of common stock (in shares)		(10)
Repurchase of common stock	(260)		(260)
EMC purchase of VMware stock	(95)		(83)			(12)
Stock Issued During Period, Value, Other	1		1
Stock-based compensation	425		425
Impact from equity transactions of non-controlling interests	(105)		(172)			67
Change in market value of investments	43				43	0
Changes in market value of derivatives	(4)				(4)
Translation adjustment	(8)				(8)
Convertible debt conversions and warrant settlement (in shares)		32
Convertible debt conversions and warrant settlement	(1)	0	(1)
Reclassification of convertible debt (to)/from mezzanine (Note 4)	(31)		(31)
Net income	1,315			1,236		79
Ending Balance at Jun. 30, 2012	22,039	21	3,763	17,357	(204)	1,102
Ending Balance (in shares) at Jun. 30, 2012		2,099
Beginning Balance at Dec. 31, 2012	23,524	21	3,691	18,853	(208)	1,167
Beginning Balance (in shares) at Dec. 31, 2012	2,107	2,107
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Stock issued through stock option and stock purchase plans (in shares)		11
Stock issued through stock option and stock purchase plans	175	0	175
Tax benefit from stock options exercised	46		46
Restricted stock grants, cancellations and withholdings, net (in shares)		4
Restricted stock grants, cancellations and withholdings, net	(51)	0	(51)
Repurchase of common stock (in shares)		(42)
Repurchase of common stock	(1,000)	0	(1,000)
EMC purchase of VMware stock	(150)		(124)			(26)
Stock-based compensation	445		445
Cash dividends declared	(212)			(212)
Impact from equity transactions of non-controlling interests	(150)		(269)			119
Change in market value of investments	(37)				(35)	(2)
Changes in market value of derivatives	0
Translation adjustment	(56)				(56)
Convertible debt conversions and warrant settlement (in shares)		0
Convertible debt conversions and warrant settlement	1	0	1
Reclassification of convertible debt (to)/from mezzanine (Note 4)	32		32
Net income	1,365			1,281		84
Ending Balance at Jun. 30, 2013	$ 23,932	$ 21	$ 2,946	$ 19,922	$ (299)	$ 1,342
Ending Balance (in shares) at Jun. 30, 2013	2,080	2,080

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Business Combinations, Intangibles and Goodwill

6 Months Ended

Jun. 30, 2013

Business Combination, Goodwill and Intangible Assets Disclosure [Abstract]

Business Combinations, Intangibles and Goodwill

Business Combinations, Intangibles and Goodwill

During the three and six months ended June 30, 2013, EMC acquired two companies. We acquired substantially all of the outstanding capital stock of Adaptivity, Inc., a provider of software solutions that automate and accelerate enterprise IT migration to the Cloud which complements and expands our Information Storage segment. We also acquired all of the outstanding capital stock of Sitrof Technologies, a document management consultancy provider which complements and expands our Information Intelligence Group segment. Additionally, during the six months ended June 30, 2013, VMware acquired Virsto Software, a provider of software that optimizes storage performance and utilization in virtual environments.

The aggregate consideration for these three acquisitions was $207 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 respective acquisition dates. The aggregate allocation to goodwill, intangibles and net liabilities was approximately $172 million, $43 million and $8 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 these acquisitions 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 companies were not material to our consolidated results of operations for the three and six months ended June 30, 2013 or 2012.

Intangible Assets

Intangible assets, excluding goodwill, as of June 30, 2013 and December 31, 2012 consist of (tables in millions):

	June 30, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,236	$	(1,318	)	$	918
Patents	225		(94		)	131
Software licenses	99		(90		)	9
Trademarks and tradenames	171		(110		)	61
Customer relationships and customer lists	1,359		(790		)	569
In-process research and development	9		—			9
Leasehold interest	145		(9		)	136
Other	26		(26		)	—
Total intangible assets, excluding goodwill	$	4,270	$	(2,437	)	$	1,833

	December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Book Value
Purchased technology	$	2,233	$	(1,207	)	$	1,026
Patents	225		(87		)	138
Software licenses	96		(88		)	8
Trademarks and tradenames	173		(102		)	71
Customer relationships and customer lists	1,378		(724		)	654
Leasehold interest	145		(7		)	138
Other	26		(26		)	—
Total intangible assets, excluding goodwill	$	4,276	$	(2,241	)	$	2,035

Goodwill

Changes in the carrying amount of goodwill, net, on a consolidated basis and by segment, for the six months ended June 30, 2013 and the year ended December 31, 2012 consist of (tables in millions):

	Six Months Ended June 30, 2013
	Information Storage			Information Intelligence Group		RSA Information Security			Pivotal		VMware Virtual Infrastructure			Total
Balance, beginning of the period	$	7,442		$	1,484	$	2,022		$	—	$	2,892		$	13,840
Goodwill resulting from acquisitions	9			1		—			—		162			172
Finalization of purchase price allocations and other, net	(1		)	—		(1		)	—		(16		)	(18		)
Goodwill transferred in formation of Pivotal	(112		)	—		—			140		(28		)	—
Balance, end of the period	$	7,338		$	1,485	$	2,021		$	140	$	3,010		$	13,994

	Year Ended December 31, 2012
	Information Storage			Information Intelligence Group		RSA Information Security			Pivotal		VMware Virtual Infrastructure			Total
Balance, beginning of the year	$	7,034		$	1,469	$	1,849		$	—	$	1,803		$	12,155
Goodwill resulting from acquisitions	438			15		179			—		1,092			1,724
Finalization of purchase price allocations	(1		)	—		(6		)	—		(3		)	(10		)
Goodwill de-recognized in divestiture of business	(29		)	—		—			—		—			(29		)
Balance, end of the year	$	7,442		$	1,484	$	2,022		$	—	$	2,892		$	13,840

During the second quarter of 2013, EMC and VMware formed Pivotal, with an investment from GE. As Pivotal is considered a separate reportable segment, the transfer of goodwill from the Information Storage and VMware Virtual Infrastructure segments to the newly formed Pivotal segment is shown in the current period rollforward. The amount of transferred goodwill was determined using the relative fair value method. See Note 15 for further discussion of the segment reclassifications.

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Basis of Presentation

6 Months Ended

Jun. 30, 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 GoPivotal, Inc. ("Pivotal") business was formed in the second quarter of 2013. Pivotal unites strategic technology, people and programs from EMC and VMware, Inc. ("VMware"), including Greenplum, Cloud Foundry, Spring, Cetas, Pivotal Labs, GemFire and other products from the VMware vFabric Suite. Pivotal is building a new platform comprising next-generation data fabrics, application fabrics and a cloud-independent platform as a service ("PaaS").

EMC’s VMware Virtual Infrastructure business, which is represented by EMC’s majority equity stake in 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, as well as Pivotal and VMware, companies 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- and six-month periods ended June 30, 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 ("2013 Notes") 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

Certain prior year amounts have been reclassified to conform with the current year's presentation. During the second quarter of 2013, EMC and VMware combined certain operations to form Pivotal, with a cash investment from General Electric Company ("GE"). Pivotal is considered a separate reportable segment. We have recast the segment disclosures for the prior financial reporting periods to separately present the operations of the Pivotal segment. None of the segment reclassifications impact EMC's previously reported consolidated financial statements. See Note 15 for further discussion of the segment reclassifications.

Recent Accounting Pronouncements

In March 2013, the Financial Accounting Standards Board ("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.

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Business Combinations, Intangibles and Goodwill - Goodwill (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Goodwill [Roll Forward]
Balance, beginning of the period	$ 13,840	$ 12,155
Goodwill resulting from acquisitions	172	1,724
Finalization of purchase price allocations and other, net	(18)	(10)
Goodwill transferred in formation of Pivotal	0
Goodwill de-recognized in divestiture of business		(29)
Balance, end of the period	13,994	13,840
Information Storage
Goodwill [Roll Forward]
Balance, beginning of the period	7,442	7,034
Goodwill resulting from acquisitions	9	438
Finalization of purchase price allocations and other, net	(1)	(1)
Goodwill transferred in formation of Pivotal	(112)
Goodwill de-recognized in divestiture of business		(29)
Balance, end of the period	7,338	7,442
Information Intelligence Group
Goodwill [Roll Forward]
Balance, beginning of the period	1,484	1,469
Goodwill resulting from acquisitions	1	15
Finalization of purchase price allocations and other, net	0	0
Goodwill transferred in formation of Pivotal	0
Goodwill de-recognized in divestiture of business		0
Balance, end of the period	1,485	1,484
RSA Information Security
Goodwill [Roll Forward]
Balance, beginning of the period	2,022	1,849
Goodwill resulting from acquisitions	0	179
Finalization of purchase price allocations and other, net	(1)	(6)
Goodwill transferred in formation of Pivotal	0
Goodwill de-recognized in divestiture of business		0
Balance, end of the period	2,021	2,022
Pivotal
Goodwill [Roll Forward]
Balance, beginning of the period	0	0
Goodwill resulting from acquisitions	0	0
Finalization of purchase price allocations and other, net	0	0
Goodwill transferred in formation of Pivotal	140
Goodwill de-recognized in divestiture of business		0
Balance, end of the period	140	0
VMware Virtual Infrastructure Within EMC
Goodwill [Roll Forward]
Balance, beginning of the period	2,892	1,803
Goodwill resulting from acquisitions	162	1,092
Finalization of purchase price allocations and other, net	(16)	(3)
Goodwill transferred in formation of Pivotal	(28)
Goodwill de-recognized in divestiture of business		0
Balance, end of the period	$ 3,010	$ 2,892

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Fair Value of Financial Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Composition of Investments

	December 31, 2012
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	2,191	$	10	$	(1	)	$	2,200
U.S. corporate debt securities	1,480		10		—			1,490
High yield corporate debt securities	486		34		(1		)	519
Asset-backed securities	2		—		—			2
Municipal obligations	1,032		3		—			1,035
Auction rate securities	74		—		(4		)	70
Foreign debt securities	1,270		9		—			1,279
Total fixed income securities	6,535		66		(6		)	6,595
Publicly traded equity securities	47		41		(1		)	87
Total	$	6,582	$	107	$	(7	)	$	6,682

The following tables summarize the composition of our short- and long-term investments at June 30, 2013 and December 31, 2012 (tables in millions):

	June 30, 2013
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	4,570	$	5	$	(5	)	$	4,570
U.S. corporate debt securities	1,991		5		(7		)	1,989
High yield corporate debt securities	499		15		(8		)	506
Asset-backed securities	5		—		—			5
Municipal obligations	957		2		(2		)	957
Auction rate securities	72		—		(4		)	68
Foreign debt securities	1,842		5		(6		)	1,841
Total fixed income securities	9,936		32		(32		)	9,936
Publicly traded equity securities	70		44		—			114
Total	$	10,006	$	76	$	(32	)	$	10,050

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 June 30, 2013 and December 31, 2012 (tables in millions):

	June 30, 2013
	Level 1		Level 2			Level 3		Total
Cash	$	1,687	$	—		$	—	$	1,687
Cash equivalents	4,633		1,206			—		5,839
U.S. government and agency obligations	2,358		2,212			—		4,570
U.S. corporate debt securities	—		1,989			—		1,989
High yield corporate debt securities	—		506			—		506
Asset-backed securities	—		5			—		5
Municipal obligations	—		957			—		957
Auction rate securities	—		—			68		68
Foreign debt securities	—		1,841			—		1,841
Publicly traded equity securities	114		—			—		114
Total cash and investments	$	8,792	$	8,716		$	68	$	17,576
Other items:
Strategic investments held at cost	$	—	$	—		$	313	$	313
Investment in joint venture	—		—			34		34
Convertible debt	—		(2,519		)	—		(2,519		)
Long-term debt	—		(5,440		)	—		(5,440		)
Foreign exchange derivative assets	—		40			—		40
Foreign exchange derivative liabilities	—		(32		)	—		(32		)
Commodity derivative liabilities	—		(1		)	—		(1		)

	December 31, 2012
	Level 1		Level 2			Level 3		Total
Cash	$	1,454	$	—		$	—	$	1,454
Cash equivalents	2,898		362			—		3,260
U.S. government and agency obligations	1,327		873			—		2,200
U.S. corporate debt securities	—		1,490			—		1,490
High yield corporate debt securities	—		519			—		519
Asset-backed securities	—		2			—		2
Municipal obligations	—		1,035			—		1,035
Auction rate securities	—		—			70		70
Foreign debt securities	—		1,279			—		1,279
Publicly traded equity securities	87		—			—		87
Total cash and investments	$	5,766	$	5,560		$	70	$	11,396
Other items:
Strategic investments held at cost	$	—	$	—		$	352	$	352
Investment in joint venture	—		—			33		33
Convertible debt	—		(2,666		)	—		(2,666		)
Foreign exchange derivative assets	—		30			—		30
Foreign exchange derivative liabilities	—		(35		)	—		(35		)
Commodity derivative liabilities	—		(1		)	—		(1		)

	December 31, 2012
	Level 1		Level 2			Level 3		Total
Cash	$	1,454	$	—		$	—	$	1,454
Cash equivalents	2,898		362			—		3,260
U.S. government and agency obligations	1,327		873			—		2,200
U.S. corporate debt securities	—		1,490			—		1,490
High yield corporate debt securities	—		519			—		519
Asset-backed securities	—		2			—		2
Municipal obligations	—		1,035			—		1,035
Auction rate securities	—		—			70		70
Foreign debt securities	—		1,279			—		1,279
Publicly traded equity securities	87		—			—		87
Total cash and investments	$	5,766	$	5,560		$	70	$	11,396
Other items:
Strategic investments held at cost	$	—	$	—		$	352	$	352
Investment in joint venture	—		—			33		33
Convertible debt	—		(2,666		)	—		(2,666		)
Foreign exchange derivative assets	—		30			—		30
Foreign exchange derivative liabilities	—		(35		)	—		(35		)
Commodity derivative liabilities	—		(1		)	—		(1		)

Changes in Fair Value of Level 3 Financial Assets

The following table provides a summary of changes in fair value of our Level 3 auction rate securities for the three and six months ended June 30, 2013 and 2012 (table in millions):

	For the Three Months Ended					For the Six Months Ended
	June 30, 2013		June 30, 2012			June 30, 2013			June 30, 2012
Balance, beginning of the period	$	68	$	79		$	70		$	75
Calls at par value	—		—			(1		)	—
Other-than-temporary impairment loss	—		(2		)	(1		)	(2		)
(Increase) decrease in previously recognized unrealized losses included in other comprehensive income	—		(3		)	—			1
Balance, end of the period	$	68	$	74		$	68		$	74

The following table provides a summary of changes in fair value of our LenovoEMC joint venture for the three and six months ended June 30, 2013 (table in millions):

	June 30, 2013
	Three Months Ended		Six Months Ended
Balance, beginning of the period	$	33	$	33
Realized gain included in other income (expense)	1		1
Balance, end of period	$	34	$	34

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

Unrealized losses on investments at June 30, 2013 by investment category and length of time the investment has been in a continuous unrealized loss position are as follows (table in millions):

	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	$	2,181	$	(5	)	$	8	$	—		$	2,189	$	(5	)
U.S. corporate debt securities	1,100		(7		)	—		—			1,100		(7		)
High yield corporate debt securities	200		(8		)	—		—			200		(8		)
Asset-backed securities	4		—			—		—			4		—
Municipal obligations	342		(2		)	10		—			352		(2		)
Auction rate securities	—		—			68		(4		)	68		(4		)
Foreign debt securities	879		(6		)	—		—			879		(6		)
Total	$	4,706	$	(28	)	$	86	$	(4	)	$	4,792	$	(32	)

Contractual Maturities of Investments

The contractual maturities of fixed income securities held at June 30, 2013 are as follows (table in millions):

	June 30, 2013
	Amortized Cost Basis		Aggregate Fair Value
Due within one year	$	3,617	$	3,620
Due after 1 year through 5 years	5,341		5,339
Due after 5 years through 10 years	490		494
Due after 10 years	488		483
Total	$	9,936	$	9,936

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Accrued Expenses (Tables)

6 Months Ended

Jun. 30, 2013

Payables and Accruals [Abstract]

Components of Accrued Expenses

Accrued expenses consist of (table in millions):

	June 30, 2013		December 31, 2012
Salaries and benefits	$	932	$	1,018
Product warranties	291		278
Dividends payable (see Note 12)	212		—
Partner rebates	179		187
Restructuring, current (See Note 13)	88		76
Derivatives	32		40
Other	937		923
	$	2,671	$	2,522

Activity in Warranty Accrual for Product Warranty

The following represents the activity in our warranty accrual for the three and six months ended June 30, 2013 and 2012 (table in millions):

	For the Three Months Ended						For the Six Months Ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Balance, beginning of the period	$	283		$	263		$	278		$	255
Provision	51			40			96			88
Amounts charged to the accrual	(43		)	(41		)	(83		)	(81		)
Balance, end of the period	$	291		$	262		$	291		$	262

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Non-controlling Interest in VMware, Inc. - Additional Information (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Noncontrolling Interest [Line Items]
Non-controlling interest	$ 1,342	$ 1,167
VMware
Noncontrolling Interest [Line Items]
Percentage of ownership non-controlling interest	80.00%
Voting power of VMware's outstanding common stock	97.00%
Non-controlling interest	1,237	1,167
Pivotal
Noncontrolling Interest [Line Items]
Percentage of ownership non-controlling interest	84.00%
Non-controlling interest	$ 105	$ 0

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Components of Property, Plant and Equipment (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 8,171	$ 7,733
Accumulated depreciation	(4,880)	(4,588)
Property, plant and equipment, net	3,291	3,145
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	209	197
Assets Held For Future Use [Member]
Property, Plant and Equipment [Line Items]
Construction in Progress, Gross	74
Computer Equipment and Capitalized Software [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	5,636	5,345
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,955	1,873
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	121	121
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 250	$ 197

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Fair Value of Financial Assets and Liabilities Contractual Maturities of Investments (Detail) (Debt Securities, USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Debt Securities
Amortized Cost Basis
Due within one year	$ 3,617
Due after 1 year through 5 years	5,341
Due after 5 years through 10 years	490
Due after 10 years	488
Available For Sale Securities Amortized Cost	9,936	6,535
Aggregate Fair Value
Due within one year	3,620
Due after 1 year through 5 years	5,339
Due after 5 years through 10 years	494
Due after 10 years	483
Available For Sale Securities Fair Value	$ 9,936	$ 6,595

XML

Composition of Investments (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
US Government Agencies Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	$ 4,570	$ 2,191
Available For Sale Securities Unrealized Gains	5	10
Available For Sale Securities Unrealized Losses	(5)	(1)
Available For Sale Securities Fair Value	4,570	2,200
Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	9,936	6,535
Available For Sale Securities Unrealized Gains	32	66
Available For Sale Securities Unrealized Losses	(32)	(6)
Available For Sale Securities Fair Value	9,936	6,595
Publicly Traded Equity Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	70	47
Available For Sale Securities Unrealized Gains	44	41
Available For Sale Securities Unrealized Losses	0	(1)
Available For Sale Securities Fair Value	114	87
Debt and Equity Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	10,006	6,582
Available For Sale Securities Unrealized Gains	76	107
Available For Sale Securities Unrealized Losses	(32)	(7)
Available For Sale Securities Fair Value	10,050	6,682
US Corporate Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	1,991	1,480
Available For Sale Securities Unrealized Gains	5	10
Available For Sale Securities Unrealized Losses	(7)	0
Available For Sale Securities Fair Value	1,989	1,490
High Yield Corporate Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	499	486
Available For Sale Securities Unrealized Gains	15	34
Available For Sale Securities Unrealized Losses	(8)	(1)
Available For Sale Securities Fair Value	506	519
Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	5	2
Available For Sale Securities Unrealized Gains	0	0
Available For Sale Securities Unrealized Losses	0	0
Available For Sale Securities Fair Value	5	2
Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	957	1,032
Available For Sale Securities Unrealized Gains	2	3
Available For Sale Securities Unrealized Losses	(2)	0
Available For Sale Securities Fair Value	957	1,035
Auction Rate Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	72	74
Available For Sale Securities Unrealized Gains	0	0
Available For Sale Securities Unrealized Losses	(4)	(4)
Available For Sale Securities Fair Value	68	70
Foreign Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available For Sale Securities Amortized Cost	1,842	1,270
Available For Sale Securities Unrealized Gains	5	9
Available For Sale Securities Unrealized Losses	(6)	0
Available For Sale Securities Fair Value	$ 1,841	$ 1,279

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Accounts and notes receivable, allowance for doubtful accounts	$ 64	$ 68
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	0	0
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)	2,080,000,000	2,107,000,000
Common stock, outstanding (in shares)	2,080,000,000	2,107,000,000

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Inventories

6 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consist of (table in millions):

	June 30, 2013		December 31, 2012
Work-in-process	$	757	$	606
Finished goods	476		595
	$	1,233	$	1,201

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Net income	$ 750	$ 690	$ 1,365	$ 1,315
Other comprehensive income (loss), net of taxes (benefits):
Foreign currency translation adjustments	(25)	(23)	(56)	(8)
Changes in market value of investments:
Changes in unrealized gains (losses), net of taxes (benefits) of $(17), $11, $(15) and $27	(30)	18	(29)	44
Reclassification adjustment for net losses (gains) realized in net income, net of benefits (taxes) of $(2), $0, $(5) and $(1)	(4)	1	(8)	(1)
Net change in market value of investments	(34)	19	(37)	43
Changes in market value of derivatives:
Changes in market value of derivatives, net of taxes (benefits) of $1, $(21), $2 and $(15)	2	(33)	8	(23)
Reclassification adjustment for net losses (gains) included in net income, net of benefits (taxes) of $0, $14, $(1) and $14	(3)	19	(8)	19
Net change in market value of derivatives	(1)	(14)	0	(4)
Other comprehensive income (loss)	(60)	(18)	(93)	31
Comprehensive income	690	672	1,272	1,346
Less: Net income attributable to the non-controlling interest in VMware, Inc.	(49)	(40)	(84)	(79)
Less: Other comprehensive income (loss) attributable to the non-controlling interest in VMware, Inc.	2	0	2	0
Comprehensive income attributable to EMC Corporation	$ 643	$ 632	$ 1,190	$ 1,267

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Activity in Warranty Accrual for Product Warranty (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance, beginning of the period	$ 283	$ 263	$ 278	$ 255
Provision	51	40	96	88
Amounts charged to the accrual	(43)	(41)	(83)	(81)
Balance, end of the period	$ 291	$ 262	$ 291	$ 262

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CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 7,526	$ 4,714
Short-term investments	3,620	1,422
Accounts and notes receivable, less allowance for doubtful accounts of $64 and $68	3,204	3,433
Inventories	1,233	1,201
Deferred income taxes	940	942
Other current assets	651	465
Total current assets	17,174	12,177
Long-term investments	6,430	5,260
Property, plant and equipment, net	3,291	3,145
Intangible assets, net	1,833	2,035
Goodwill	13,994	13,840
Other assets, net	1,676	1,612
Total assets	44,398	38,069
Current liabilities:
Accounts payable	1,013	1,041
Accrued expenses	2,671	2,522
Income taxes payable	159	514
Convertible debt (See Note 4)	1,669	1,652
Deferred revenue	4,997	4,575
Total current liabilities	10,509	10,304
Income taxes payable	297	293
Deferred revenue	3,276	2,976
Deferred income taxes	516	575
Long-term debt (See Note 4)	5,493	0
Other liabilities	349	339
Total liabilities	20,440	14,487
Convertible debt (See Note 4)	26	58
Shareholders' equity:
Preferred stock, par value $0.01; authorized 25 shares; none outstanding	0	0
Common stock, par value $0.01; authorized 6,000 shares; issued and outstanding 2,080 and 2,107 shares	21	21
Additional paid-in capital	2,946	3,691
Retained earnings	19,922	18,853
Accumulated other comprehensive loss, net	(299)	(208)
Total EMC Corporation's shareholders' equity	22,590	22,357
Non-controlling interests	1,342	1,167
Total shareholders' equity	23,932	23,524
Total liabilities and shareholders' equity	$ 44,398	$ 38,069

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Components of Inventories (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Inventory Disclosure [Abstract]
Work-in-process	$ 757	$ 606
Finished goods	476	595
Inventory, Net, Total	$ 1,233	$ 1,201

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Inventories (Tables)

6 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Components of Inventories

Inventories consist of (table in millions):

	June 30, 2013		December 31, 2012
Work-in-process	$	757	$	606
Finished goods	476		595
	$	1,233	$	1,201

XML

Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

In the quarter ended June 30, 2013, we began managing the Company as three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure. EMC Information Infrastructure operates in three segments: Information Storage, Information Intelligence Group and RSA Information Security while Pivotal and VMware Virtual Infrastructure each operate as single segments.

On April 1, 2013, EMC and VMware formed Pivotal to build a new platform comprising next-generation data fabrics, application fabrics and a cloud-independent PaaS. EMC contributed substantially all 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, Spring, Cetas, GemFire and other products from the VMware vFabric Suite. These contributions were recorded at the April 1, 2013 carrying value as this was a transaction with entities under common control.

On May 8, 2013, General Electric Company ("GE") purchased 10% of Pivotal's outstanding equity for approximately $105 million. At June 30, 2013, EMC consolidated held approximately 84% of the economic interest in Pivotal.  GE's interest in Pivotal is in the form of a preferred equity instrument. Consequently, there is no net income attributable to non-controlling interest related to Pivotal on the consolidated income statements.

Beginning in the second quarter of 2013, EMC began presenting Pivotal as a separate reportable segment. We recast the segment disclosures for the prior financial reporting periods to separately present the operations of the Pivotal segment which has resulted in the transfer of revenue, gross profit, operating expenses and operating income from the Information Storage and VMware Virtual Infrastructure segments to Pivotal. These changes had no impact on the previously reported financial results for the Information Intelligence Group or RSA Information Security segments. In addition, none of these changes impacted our previously reported consolidated financial statements.

Our management measures are designed to assess performance of these reporting 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 and acquisition-related intangible asset amortization expense. Additionally, in certain instances, infrequently occurring gains or losses are also excluded from the measures used by management in assessing segment performance. Research and development expenses, selling, general and administrative expenses and restructuring and acquisition-related charges 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 EMC Information Infrastructure business level. EMC Information Infrastructure and Pivotal have not been allocated non-operating income (expense), net and income tax expense as these costs are managed centrally at the EMC Corporate level. Accordingly, for the three segments within the EMC Information Infrastructure business, gross profit is the segment operating performance measure, while for Pivotal, operating income is the operating performance measure. The VMware Virtual Infrastructure amounts represent the revenues and expenses of VMware as reflected within EMC’s consolidated financial statements.

Our segment information for the three and six months ended June 30, 2013 and 2012 is as follows (tables in millions, except percentages):

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Three Months Ended:
June 30, 2013
Revenues:
Product revenues	$	2,568		$	39		$	98		$	2,705		$	24		$	2,729
Services revenues	1,358			113			130			1,601			46			1,647
Total consolidated revenues	3,926			152			228			4,306			70			4,376
Gross profit	$	2,230		$	96		$	148		$	2,474		$	26		$	2,500
Gross profit percentage	56.8		%	63.1		%	65.1		%	57.5		%	37.1		%	57.1		%
Research and development										375			28			403
Selling, general and administrative										1,117			37			1,154
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										1,492			65			1,557
Operating income										$	982		$	(39	)	$	943

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
June 30, 2013
Revenues:
Product revenues	$	2,729		$	529		$	—		$	3,258
Services revenues	1,647			709			—			2,356
Total consolidated revenues	4,376			1,238			—			5,614
Gross profit	$	2,500		$	1,109		$	(100	)	$	3,509
Gross profit percentage	57.1		%	89.6		%	—			62.5		%
Research and development	403			207			85			695
Selling, general and administrative	1,154			489			142			1,785
Restructuring and acquisition-related charges	—			—			7			7
Total costs and expenses	1,557			696			234			2,487
Operating income	943			413			(334		)	1,022
Non-operating income (expense), net	(77		)	3			18			(56		)
Income tax provision	214			93			(91		)	216
Net income	652			323			(225		)	750
Net income attributable to the non-controlling interest in VMware, Inc.	—			(68		)	19			(49		)
Net income attributable to EMC Corporation	$	652		$	255		$	(206	)	$	701

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Three Months Ended:
June 30, 2012
Revenues:
Product revenues	$	2,500		$	45		$	103		$	2,648		$	23		$	2,671
Services revenues	1,287			108			117			1,512			40			1,552
Total consolidated revenues	3,787			153			220			4,160			63			4,223
Gross profit	$	2,164		$	102		$	179		$	2,445		$	33		$	2,478
Gross profit percentage	57.1		%	67.0		%	81.1		%	58.8		%	53.2		%	58.7		%
Research and development										363			33			396
Selling, general and administrative										1,114			36			1,150
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										1,477			69			1,546
Operating income										$	968		$	(36	)	$	932

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
June 30, 2012
Revenues:
Product revenues	$	2,671		$	508		$	—		$	3,179
Services revenues	1,552			580			—			2,132
Total consolidated revenues	4,223			1,088			—			5,311
Gross profit	$	2,478		$	964		$	(95	)	$	3,347
Gross profit percentage	58.7		%	88.5		%	—			63.0		%
Research and development	396			178			81			655
Selling, general and administrative	1,150			418			149			1,717
Restructuring and acquisition-related charges	—			—			28			28
Total costs and expenses	1,546			596			258			2,400
Operating income	932			368			(353		)	947
Non-operating income (expense), net	(40		)	5			(8		)	(43		)
Income tax provision	265			52			(103		)	214
Net income	627			321			(258		)	690
Net income attributable to the non-controlling interest in VMware, Inc.	—			(63		)	23			(40		)
Net income attributable to EMC Corporation	$	627		$	258		$	(235	)	$	650

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Six Months Ended:
June 30, 2013
Revenues:
Product revenues	$	5,028		$	82		$	198		$	5,308		$	48		$	5,356
Services revenues	2,662			226			262			3,150			91			3,241
Total consolidated revenues	7,690			308			460			8,458			139			8,597
Gross profit	$	4,309		$	195		$	301		$	4,805		$	52		$	4,857
Gross profit percentage	56.0		%	63.4		%	65.2		%	56.8		%	37.7		%	56.5		%
Research and development										739			56			795
Selling, general and administrative										2,193			75			2,268
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										2,932			131			3,063
Operating income										$	1,873		$	(79	)	$	1,794

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Six Months Ended:
June 30, 2013
Revenues:
Product revenues	$	5,356		$	1,013		$	—		$	6,369
Services revenues	3,241			1,391			—			4,632
Total consolidated revenues	8,597			2,404			—			11,001
Gross profit	$	4,857		$	2,150		$	(200	)	$	6,807
Gross profit percentage	56.5		%	89.4		%	—			61.9		%
Research and development	795			397			178			1,370
Selling, general and administrative	2,268			939			292			3,499
Restructuring and acquisition-related charges	—			—			155			155
Total costs and expenses	3,063			1,336			625			5,024
Operating income	1,794			814			(825		)	1,783
Non-operating income (expense), net	(150		)	7			17			(126		)
Income tax provision	402			176			(286		)	292
Net income	1,242			645			(522		)	1,365
Net income attributable to the non-controlling interest in VMware, Inc.	—			(130		)	46			(84		)
Net income attributable to EMC Corporation	$	1,242		$	515		$	(476	)	$	1,281

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Six Months Ended:
June 30, 2012
Revenues:
Product revenues	$	4,937		$	82		$	199		$	5,218		$	44		$	5,262
Services revenues	2,513			217			228			2,958			63			3,021
Total consolidated revenues	7,450			299			427			8,176			107			8,283
Gross profit	$	4,210		$	192		$	312		$	4,714		$	53		$	4,767
Gross profit percentage	56.5		%	64.3		%	73.1		%	57.7		%	49.5		%	57.6		%
Research and development										691			61			752
Selling, general and administrative										2,191			75			2,266
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										2,882			136			3,018
Operating income										$	1,832		$	(83	)	$	1,749

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Six Months Ended:
June 30, 2012
Revenues:
Product revenues	$	5,262		$	986		$	—		$	6,248
Services revenues	3,021			1,137			—			4,158
Total consolidated revenues	8,283			2,123			—			10,406
Gross profit	$	4,767		$	1,882		$	(188	)	$	6,461
Gross profit percentage	57.6		%	88.6		%	—			62.1		%
Research and development	752			339			153			1,244
Selling, general and administrative	2,266			809			292			3,367
Restructuring and acquisition-related charges	—			—			53			53
Total costs and expenses	3,018			1,148			498			4,664
Operating income	1,749			734			(686		)	1,797
Non-operating income (expense), net	(78		)	12			(11		)	(77		)
Income tax provision	474			118			(187		)	405
Net income	1,197			628			(510		)	1,315
Net income attributable to the non-controlling interest in VMware, Inc.	—			(122		)	43			(79		)
Net income attributable to EMC Corporation	$	1,197		$	506		$	(467	)	$	1,236

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 millions):

	For the Three Months Ended				For the Six Months Ended
	June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
United States	$	2,963	$	2,857	$	5,795	$	5,490
Europe, Middle East and Africa	1,486		1,400		2,963		2,865
Asia Pacific and Japan	835		748		1,573		1,459
Latin America, Mexico and Canada	330		306		670		592
Total	$	5,614	$	5,311	$	11,001	$	10,406

No country other than the United States accounted for 10% or more of revenues during the three and six months ended June 30, 2013 or 2012.

Long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets, in the United States were $4,166 million at June 30, 2013 and $3,994 million at December 31, 2012. Internationally, long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets, were $802 million at June 30, 2013 and $698 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 June 30, 2013 or December 31, 2012.

XML

Debt - Additional Information (Detail) (USD $)	6 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
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 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	Jun. 30, 2013 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	Jun. 30, 2013 Long-term Debt	Dec. 31, 2011 Group 1 Purchased Options	Jun. 30, 2013 Group 2 Purchased Options	Dec. 31, 2010 Interest Rate Swap	Jun. 30, 2013 Long-term Debt	Jul. 31, 2012 Interest Rate Swap	Apr. 30, 2012 Interest Rate Swap	Nov. 30, 2011 Interest Rate Swap	Dec. 31, 2012 Interest Rate Swap	Jun. 30, 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						3,500,000,000
Cash payment to noteholders for outstanding principal of converted Notes					1,700,000,000
Shares issued to noteholders for the excess of the conversion value over the principal amount of converted Notes					30,000,000
Value of the conversion value over the principal amount of converted Notes					661,000,000
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			1,669,000,000														5,500,000,000
Convertible debt, fair value			2,519,000,000
Carrying amount of the equity component			299,000,000
Debt Instrument, unamortized discount			26,000,000										7,000,000
Debt Instrument, Interest Rate During Period													2.50%
Semi-annual interest rate			1.75%	1.75%
Debt Instrument, frequency of periodic payment			semi-annually
Effective interest rate							5.60%
Incremental common shares attributable to call options and warrants									215,000,000	215,000,000
Aggregate amount paid for purchased options	0	(24,000,000)							669,000,000
Purchased options exercised														108,000,000
Purchased options shares received								30,000,000
Purchased Options Remaining															108,000,000
Common stock at an exercise price										$ 19.55	$ 19.55
Proceeds from issuance of warrants										391,000,000
Shares issues for exercised warrants												32,000,000
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																		46,000,000	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																					40,000,000
Accumulated Other Comprehensive Income (Loss) related to realized losses on settled swaps																						$ 177,000,000

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Accounts and Notes Receivable and Allowance for Credit Losses - Additional Information (Detail) (USD $) In Millions, unless otherwise specified			6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013 Future Period
Financing Receivable, Recorded Investment, Past Due [Line Items]
Gross lease receivables	$ 231	$ 329
Sales of leases to third parties without recourse			$ 5

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Activity For Restructuring Program (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Restructuring Reserve [Roll Forward]
Charges/ (Adjustments to the Provision)	$ 4	$ 24	$ 85	$ 48
EMC Information Infrastructure | Restructuring Other Programs
Restructuring Reserve [Roll Forward]
Beginning Balance	76	59	91	80
Charges/ (Adjustments to the Provision)	(1)	(3)	1	(3)
Utilization	(19)	(10)	(36)	(31)
Ending Balance	56	46	56	46
EMC Information Infrastructure | Restructuring Other Programs | Workforce reductions
Restructuring Reserve [Roll Forward]
Beginning Balance	46	31	63	50
Charges/ (Adjustments to the Provision)	(3)	(3)	(8)	(6)
Utilization	(14)	(8)	(26)	(24)
Ending Balance	29	20	29	20
EMC Information Infrastructure | Restructuring Other Programs | Consolidation of excess facilities and other contractual obligations
Restructuring Reserve [Roll Forward]
Beginning Balance	30	28	28	30
Charges/ (Adjustments to the Provision)	2	0	9	3
Utilization	(5)	(2)	(10)	(7)
Ending Balance	27	26	27	26
EMC Information Infrastructure | Restructuring 2013 Programs
Restructuring Reserve [Roll Forward]
Beginning Balance	66		0
Charges/ (Adjustments to the Provision)	5		84
Utilization	(24)		(37)
Ending Balance	47		47
EMC Information Infrastructure | Restructuring 2013 Programs | Workforce reductions
Restructuring Reserve [Roll Forward]
Beginning Balance	66		0
Charges/ (Adjustments to the Provision)	2		81
Utilization	(23)		(36)
Ending Balance	45		45
EMC Information Infrastructure | Restructuring 2013 Programs | Consolidation of excess facilities and other contractual obligations
Restructuring Reserve [Roll Forward]
Beginning Balance	0		0
Charges/ (Adjustments to the Provision)	3		3
Utilization	(1)		(1)
Ending Balance	2		2
EMC Information Infrastructure | Restructuring 2012 Programs
Restructuring Reserve [Roll Forward]
Beginning Balance		21		0
Charges/ (Adjustments to the Provision)		27		51
Utilization		(11)		(14)
Ending Balance		37		37
EMC Information Infrastructure | Restructuring 2012 Programs | Workforce reductions
Restructuring Reserve [Roll Forward]
Beginning Balance		20		0
Charges/ (Adjustments to the Provision)		23		46
Utilization		(9)		(12)
Ending Balance		34		34
EMC Information Infrastructure | Restructuring 2012 Programs | Consolidation of excess facilities and other contractual obligations
Restructuring Reserve [Roll Forward]
Beginning Balance		1		0
Charges/ (Adjustments to the Provision)		4		5
Utilization		(2)		(2)
Ending Balance		3		3
VMware
Restructuring Reserve [Roll Forward]
Charges/ (Adjustments to the Provision)	2		56
VMware | Restructuring 2013 Programs
Restructuring Reserve [Roll Forward]
Beginning Balance	26		0
Charges/ (Adjustments to the Provision)	2		56
Utilization	(26)		(54)
Ending Balance	2		2
VMware | Restructuring 2013 Programs | Workforce reductions
Restructuring Reserve [Roll Forward]
Beginning Balance	26		0
Charges/ (Adjustments to the Provision)	2		56
Utilization	(26)		(54)
Ending Balance	2		2
VMware | Restructuring 2013 Programs | Consolidation of excess facilities and other contractual obligations
Restructuring Reserve [Roll Forward]
Beginning Balance	0		0
Charges/ (Adjustments to the Provision)	0		0
Utilization	0		0
Ending Balance	$ 0		$ 0

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Business Combinations, Intangibles and Goodwill - Additional Information (Details) (All 2013 Acquisitions [Member], USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013 Entity
Business Acquisition [Line Items]
Number of Businesses Acquired	3
Business Combination, Consideration Transferred	$ 207
Consideration of acquisitions allocated to goodwill	172
Consideration of acquisitions allocated to intangibles	43
Consideration of acquisitions allocated to net liabilities	$ 8
EMC
Business Acquisition [Line Items]
Number of Businesses Acquired	2

XML

Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Information

Our segment information for the three and six months ended June 30, 2013 and 2012 is as follows (tables in millions, except percentages):

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Three Months Ended:
June 30, 2013
Revenues:
Product revenues	$	2,568		$	39		$	98		$	2,705		$	24		$	2,729
Services revenues	1,358			113			130			1,601			46			1,647
Total consolidated revenues	3,926			152			228			4,306			70			4,376
Gross profit	$	2,230		$	96		$	148		$	2,474		$	26		$	2,500
Gross profit percentage	56.8		%	63.1		%	65.1		%	57.5		%	37.1		%	57.1		%
Research and development										375			28			403
Selling, general and administrative										1,117			37			1,154
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										1,492			65			1,557
Operating income										$	982		$	(39	)	$	943

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
June 30, 2013
Revenues:
Product revenues	$	2,729		$	529		$	—		$	3,258
Services revenues	1,647			709			—			2,356
Total consolidated revenues	4,376			1,238			—			5,614
Gross profit	$	2,500		$	1,109		$	(100	)	$	3,509
Gross profit percentage	57.1		%	89.6		%	—			62.5		%
Research and development	403			207			85			695
Selling, general and administrative	1,154			489			142			1,785
Restructuring and acquisition-related charges	—			—			7			7
Total costs and expenses	1,557			696			234			2,487
Operating income	943			413			(334		)	1,022
Non-operating income (expense), net	(77		)	3			18			(56		)
Income tax provision	214			93			(91		)	216
Net income	652			323			(225		)	750
Net income attributable to the non-controlling interest in VMware, Inc.	—			(68		)	19			(49		)
Net income attributable to EMC Corporation	$	652		$	255		$	(206	)	$	701

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Three Months Ended:
June 30, 2012
Revenues:
Product revenues	$	2,500		$	45		$	103		$	2,648		$	23		$	2,671
Services revenues	1,287			108			117			1,512			40			1,552
Total consolidated revenues	3,787			153			220			4,160			63			4,223
Gross profit	$	2,164		$	102		$	179		$	2,445		$	33		$	2,478
Gross profit percentage	57.1		%	67.0		%	81.1		%	58.8		%	53.2		%	58.7		%
Research and development										363			33			396
Selling, general and administrative										1,114			36			1,150
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										1,477			69			1,546
Operating income										$	968		$	(36	)	$	932

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Three Months Ended:
June 30, 2012
Revenues:
Product revenues	$	2,671		$	508		$	—		$	3,179
Services revenues	1,552			580			—			2,132
Total consolidated revenues	4,223			1,088			—			5,311
Gross profit	$	2,478		$	964		$	(95	)	$	3,347
Gross profit percentage	58.7		%	88.5		%	—			63.0		%
Research and development	396			178			81			655
Selling, general and administrative	1,150			418			149			1,717
Restructuring and acquisition-related charges	—			—			28			28
Total costs and expenses	1,546			596			258			2,400
Operating income	932			368			(353		)	947
Non-operating income (expense), net	(40		)	5			(8		)	(43		)
Income tax provision	265			52			(103		)	214
Net income	627			321			(258		)	690
Net income attributable to the non-controlling interest in VMware, Inc.	—			(63		)	23			(40		)
Net income attributable to EMC Corporation	$	627		$	258		$	(235	)	$	650

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Six Months Ended:
June 30, 2013
Revenues:
Product revenues	$	5,028		$	82		$	198		$	5,308		$	48		$	5,356
Services revenues	2,662			226			262			3,150			91			3,241
Total consolidated revenues	7,690			308			460			8,458			139			8,597
Gross profit	$	4,309		$	195		$	301		$	4,805		$	52		$	4,857
Gross profit percentage	56.0		%	63.4		%	65.2		%	56.8		%	37.7		%	56.5		%
Research and development										739			56			795
Selling, general and administrative										2,193			75			2,268
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										2,932			131			3,063
Operating income										$	1,873		$	(79	)	$	1,794

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Six Months Ended:
June 30, 2013
Revenues:
Product revenues	$	5,356		$	1,013		$	—		$	6,369
Services revenues	3,241			1,391			—			4,632
Total consolidated revenues	8,597			2,404			—			11,001
Gross profit	$	4,857		$	2,150		$	(200	)	$	6,807
Gross profit percentage	56.5		%	89.4		%	—			61.9		%
Research and development	795			397			178			1,370
Selling, general and administrative	2,268			939			292			3,499
Restructuring and acquisition-related charges	—			—			155			155
Total costs and expenses	3,063			1,336			625			5,024
Operating income	1,794			814			(825		)	1,783
Non-operating income (expense), net	(150		)	7			17			(126		)
Income tax provision	402			176			(286		)	292
Net income	1,242			645			(522		)	1,365
Net income attributable to the non-controlling interest in VMware, Inc.	—			(130		)	46			(84		)
Net income attributable to EMC Corporation	$	1,242		$	515		$	(476	)	$	1,281

	EMC Information Infrastructure
	Information Storage			Information Intelligence Group			RSA Information Security			EMC Information Infrastructure			Pivotal			EMC Information Infrastructure plus Pivotal
Six Months Ended:
June 30, 2012
Revenues:
Product revenues	$	4,937		$	82		$	199		$	5,218		$	44		$	5,262
Services revenues	2,513			217			228			2,958			63			3,021
Total consolidated revenues	7,450			299			427			8,176			107			8,283
Gross profit	$	4,210		$	192		$	312		$	4,714		$	53		$	4,767
Gross profit percentage	56.5		%	64.3		%	73.1		%	57.7		%	49.5		%	57.6		%
Research and development										691			61			752
Selling, general and administrative										2,191			75			2,266
Restructuring and acquisition-related charges										—			—			—
Total costs and expenses										2,882			136			3,018
Operating income										$	1,832		$	(83	)	$	1,749

	EMC Information Infrastructure plus Pivotal			VMware Virtual Infrastructure within EMC			Corp Reconciling Items			Consolidated
Six Months Ended:
June 30, 2012
Revenues:
Product revenues	$	5,262		$	986		$	—		$	6,248
Services revenues	3,021			1,137			—			4,158
Total consolidated revenues	8,283			2,123			—			10,406
Gross profit	$	4,767		$	1,882		$	(188	)	$	6,461
Gross profit percentage	57.6		%	88.6		%	—			62.1		%
Research and development	752			339			153			1,244
Selling, general and administrative	2,266			809			292			3,367
Restructuring and acquisition-related charges	—			—			53			53
Total costs and expenses	3,018			1,148			498			4,664
Operating income	1,749			734			(686		)	1,797
Non-operating income (expense), net	(78		)	12			(11		)	(77		)
Income tax provision	474			118			(187		)	405
Net income	1,197			628			(510		)	1,315
Net income attributable to the non-controlling interest in VMware, Inc.	—			(122		)	43			(79		)
Net income attributable to EMC Corporation	$	1,197		$	506		$	(467	)	$	1,236

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 millions):

	For the Three Months Ended				For the Six Months Ended
	June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
United States	$	2,963	$	2,857	$	5,795	$	5,490
Europe, Middle East and Africa	1,486		1,400		2,963		2,865
Asia Pacific and Japan	835		748		1,573		1,459
Latin America, Mexico and Canada	330		306		670		592
Total	$	5,614	$	5,311	$	11,001	$	10,406

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Basis of Presentation - Additional Information (Detail) (Convertible Senior Notes 2013, USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Nov. 13, 2006
Convertible Senior Notes 2013
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

Fair Value of Financial Assets and Liabilities

6 Months Ended

Jun. 30, 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 June 30, 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 June 30, 2013 and December 31, 2012. At June 30, 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 June 30, 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 June 30, 2013 and December 31, 2012 (tables in millions):

	June 30, 2013
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	4,570	$	5	$	(5	)	$	4,570
U.S. corporate debt securities	1,991		5		(7		)	1,989
High yield corporate debt securities	499		15		(8		)	506
Asset-backed securities	5		—		—			5
Municipal obligations	957		2		(2		)	957
Auction rate securities	72		—		(4		)	68
Foreign debt securities	1,842		5		(6		)	1,841
Total fixed income securities	9,936		32		(32		)	9,936
Publicly traded equity securities	70		44		—			114
Total	$	10,006	$	76	$	(32	)	$	10,050

We held approximately $1.8 billion in foreign debt securities at June 30, 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.

	December 31, 2012
	Amortized Cost		Unrealized Gains		Unrealized (Losses)			Aggregate Fair Value
U.S. government and agency obligations	$	2,191	$	10	$	(1	)	$	2,200
U.S. corporate debt securities	1,480		10		—			1,490
High yield corporate debt securities	486		34		(1		)	519
Asset-backed securities	2		—		—			2
Municipal obligations	1,032		3		—			1,035
Auction rate securities	74		—		(4		)	70
Foreign debt securities	1,270		9		—			1,279
Total fixed income securities	6,535		66		(6		)	6,595
Publicly traded equity securities	47		41		(1		)	87
Total	$	6,582	$	107	$	(7	)	$	6,682

The following tables represent our fair value hierarchy for our financial assets and liabilities measured at fair value as of June 30, 2013 and December 31, 2012 (tables in millions):

	June 30, 2013
	Level 1		Level 2			Level 3		Total
Cash	$	1,687	$	—		$	—	$	1,687
Cash equivalents	4,633		1,206			—		5,839
U.S. government and agency obligations	2,358		2,212			—		4,570
U.S. corporate debt securities	—		1,989			—		1,989
High yield corporate debt securities	—		506			—		506
Asset-backed securities	—		5			—		5
Municipal obligations	—		957			—		957
Auction rate securities	—		—			68		68
Foreign debt securities	—		1,841			—		1,841
Publicly traded equity securities	114		—			—		114
Total cash and investments	$	8,792	$	8,716		$	68	$	17,576
Other items:
Strategic investments held at cost	$	—	$	—		$	313	$	313
Investment in joint venture	—		—			34		34
Convertible debt	—		(2,519		)	—		(2,519		)
Long-term debt	—		(5,440		)	—		(5,440		)
Foreign exchange derivative assets	—		40			—		40
Foreign exchange derivative liabilities	—		(32		)	—		(32		)
Commodity derivative liabilities	—		(1		)	—		(1		)

	December 31, 2012
	Level 1		Level 2			Level 3		Total
Cash	$	1,454	$	—		$	—	$	1,454
Cash equivalents	2,898		362			—		3,260
U.S. government and agency obligations	1,327		873			—		2,200
U.S. corporate debt securities	—		1,490			—		1,490
High yield corporate debt securities	—		519			—		519
Asset-backed securities	—		2			—		2
Municipal obligations	—		1,035			—		1,035
Auction rate securities	—		—			70		70
Foreign debt securities	—		1,279			—		1,279
Publicly traded equity securities	87		—			—		87
Total cash and investments	$	5,766	$	5,560		$	70	$	11,396
Other items:
Strategic investments held at cost	$	—	$	—		$	352	$	352
Investment in joint venture	—		—			33		33
Convertible debt	—		(2,666		)	—		(2,666		)
Foreign exchange derivative assets	—		30			—		30
Foreign exchange derivative liabilities	—		(35		)	—		(35		)
Commodity derivative liabilities	—		(1		)	—		(1		)

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 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 June 30, 2013, the coupon rates used ranged from 0% to 4% 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 June 30, 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 June 30, 2013 and December 31, 2012 due to the narrowing of credit spreads on AA-rated banks during 2012 and into 2013.

The following table provides a summary of changes in fair value of our Level 3 auction rate securities for the three and six months ended June 30, 2013 and 2012 (table in millions):

	For the Three Months Ended					For the Six Months Ended
	June 30, 2013		June 30, 2012			June 30, 2013			June 30, 2012
Balance, beginning of the period	$	68	$	79		$	70		$	75
Calls at par value	—		—			(1		)	—
Other-than-temporary impairment loss	—		(2		)	(1		)	(2		)
(Increase) decrease in previously recognized unrealized losses included in other comprehensive income	—		(3		)	—			1
Balance, end of the period	$	68	$	74		$	68		$	74

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.

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. We account for our LenovoEMC joint venture 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 and six months ended June 30, 2013 (table in millions):

	June 30, 2013
	Three Months Ended		Six Months Ended
Balance, beginning of the period	$	33	$	33
Realized gain included in other income (expense)	1		1
Balance, end of period	$	34	$	34

The carrying value of the strategic investments held at cost were accounted for under the cost method. As part of our impairment review, we perform a fair value calculation of our strategic investments held at cost on a quarterly basis using the most currently available information. 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 June 30, 2013 by investment category and length of time the investment has been in a continuous unrealized loss position are as follows (table in millions):

	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	$	2,181	$	(5	)	$	8	$	—		$	2,189	$	(5	)
U.S. corporate debt securities	1,100		(7		)	—		—			1,100		(7		)
High yield corporate debt securities	200		(8		)	—		—			200		(8		)
Asset-backed securities	4		—			—		—			4		—
Municipal obligations	342		(2		)	10		—			352		(2		)
Auction rate securities	—		—			68		(4		)	68		(4		)
Foreign debt securities	879		(6		)	—		—			879		(6		)
Total	$	4,706	$	(28	)	$	86	$	(4	)	$	4,792	$	(32	)

For all of our securities for which the amortized cost basis was greater than the fair value at June 30, 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 June 30, 2013 are as follows (table in millions):

	June 30, 2013
	Amortized Cost Basis		Aggregate Fair Value
Due within one year	$	3,617	$	3,620
Due after 1 year through 5 years	5,341		5,339
Due after 5 years through 10 years	490		494
Due after 10 years	488		483
Total	$	9,936	$	9,936

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Accumulated Other Comprehensive Loss, Net of Tax (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended			6 Months Ended		3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Jun. 30, 2013 Accumulated Translation Adjustment	Dec. 31, 2012 Accumulated Translation Adjustment	Dec. 31, 2012 Accumulated Net Unrealized Investment Gain (Loss)	Jun. 30, 2013 Accumulated Net Unrealized Investment Gain (Loss)	Dec. 31, 2012 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Jun. 30, 2013 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Dec. 31, 2012 Accumulated Defined Benefit Plans Adjustment	Jun. 30, 2013 Accumulated Defined Benefit Plans Adjustment	Jun. 30, 2013 Non-controlling Interest in VMware	Dec. 31, 2012 Non-controlling Interest in VMware
Accumulated other comprehensive income (loss) [Line Items]
Provision for income tax	$ 216	$ 214	$ 292	$ 405				$ 37	$ 17	$ (67)	$ (66)	$ (87)	$ (87)
Accumulated other comprehensive loss, net	(299)		(299)		(208)	(65)	(9)	64	27	(109)	(109)	(153)	(153)	1	(1)
Other comprehensive income (loss) before reclassifications			(75)			(56)			(29)		8		0	2
Net losses (gains) reclassified from accumulated other comprehensive income			(16)			0			(8)		(8)		0	0
Net current period other comprehensive income (loss)			$ (91)			$ (56)			$ (37)		$ 0		$ 0	$ 2

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

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Contractual Amounts Due Under Leases

The contractual amounts due under the leases we retained as of June 30, 2013 were as follows (table in millions):

Year	Contractual Amounts Due Under Leases
Due within one year	$	103
Due within two years	69
Due within three years	58
Thereafter	1
Total	231
Less amounts representing interest	(5		)
Present value	226
Current portion (included in accounts and notes receivable)	100
Long-term portion (included in other assets, net)	$	126

Allowance for Credit Losses

The following table presents the activity of our allowance for credit losses related to lease receivables for the six months ended June 30, 2013 and 2012 (table in millions):

	For the Six Months Ended
	June 30, 2013			June 30, 2012
Balance, beginning of the period	$	17		$	24
Recoveries	(9		)	(13		)
Provisions	3			6
Balance, end of the period	$	11		$	17

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Debt Key Components of Long-term Debt (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended		3 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013 Long-term Notes $2.5B	Jun. 30, 2013 Long-term Notes $2.0B	Jun. 30, 2013 Long-term Notes $1.0B	Jun. 30, 2013 Long-term Notes $5.5B [Member]
Debt Instrument [Line Items]
Fair Value Inputs, Discount Rate	1.00%		99.943%	99.76%	99.925%
Long-term Debt	$ 5,493	$ 0	$ 2,499	$ 1,995	$ 999	$ 5,493

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Property, Plant and Equipment

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

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

	June 30, 2013			December 31, 2012
Furniture and fixtures	$	209		$	197
Equipment and software	5,636			5,345
Buildings and improvements	1,955			1,873
Land	121			121
Building construction in progress	250			197
	8,171			7,733
Accumulated depreciation	(4,880		)	(4,588		)
	$	3,291		$	3,145

Building construction in progress at June 30, 2013 includes $74 million for facilities not yet placed in service that we are holding for future use.

XML

Debt

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Debt

Long-Term Debt

In June 2013, we issued $5.5 billion aggregate principal amount of senior notes (collectively, the "Notes"). The Notes pay a fixed rate of interest semi-annually in arrears with the first interest payment commencing on December 1, 2013. The proceeds from the Notes will be used to satisfy cash payment obligations at the maturity, or upon the conversion, of the outstanding 2013 Notes as well as for general corporate purposes including stock repurchases, working capital needs and other business opportunities. The Notes of each series are senior, unsecured obligations of EMC and are not convertible or exchangeable. Unless previously purchased and canceled, we will repay the Notes of each series at 100% of the principal amount, together with accrued and unpaid interest thereon, at maturity. However, EMC has the right to redeem any or all of the Notes at specified redemption prices. As of June 30, 2013, we were in compliance with all debt covenants, which are customary in nature.

Our long-term debt as of June 30, 2013 was as follows (dollars in millions):

Senior Notes	Issued at Discount to Par		Carrying Value
$2.5 billion 1.875% Notes due 2018	99.943	%	$	2,499
$2.0 billion 2.650% Notes due 2020	99.760	%	$	1,995
$1.0 billion 3.375% Notes due 2023	99.925	%	$	999
			$	5,493

The unamortized discount on the Notes consists of $7 million, which will be fully amortized by June 1, 2023. The effective interest rate on the Notes was 2.5% for the three and six months ended June 30, 2013.

Convertible Debt

In November 2006, we issued our $1.725 billion1.75% convertible senior notes due 2011 (the “2011 Notes”) and our 2013 Notes for total gross proceeds of $3.5 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 $1.7 billion in cash for the outstanding principal and 30 million shares for the $661 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 June 30, 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 September 1, 2013, at which time they are fully convertible until maturity. 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 are classified as a current liability. Approximately $30 million of the 2013 Notes have been converted as of June 30, 2013.

The carrying amount of the 2013 Notes reported in the consolidated balance sheets as of June 30, 2013 was $1,669 million and the fair value was $2,519 million. The carrying amount of the equity component of the 2013 Notes was $299 million at June 30, 2013. As of June 30, 2013, the unamortized discount on the 2013 Notes consists of $26 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 and six months ended June 30, 2013 and 2012.

The following tables represent the key components of our interest expense on convertible debt (tables in millions):

	For the Three Months Ended
	June 30, 2013		June 30, 2012
Contractual interest expense on the coupon	$	7	$	7
Amortization of the discount component recognized as interest expense	16		15
Total interest expense on the convertible debt	$	23	$	22

	For the Six Months Ended
	June 30, 2013		June 30, 2012
Contractual interest expense on the coupon	$	15	$	15
Amortization of the discount component recognized as interest expense	31		30
Total interest expense on the convertible debt	$	46	$	45

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 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 108 million of the Purchased Options in conjunction with the planned settlements of the 2011 Notes, and we received 30 million shares of net settlement on January 9, 2012, representing the excess conversion value of the options. The remaining 108 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 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 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.

Interest Rate Swap Contracts

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 ten year 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 million in November 2011 and $23 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, $40 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 $46 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 June 30, 2013, we had $177 million of accumulated realized losses related to the settled swaps in accumulated other comprehensive income which will be realized during the life of our ten year Notes. These losses will be reclassified from other comprehensive income and recognized on a straight-line basis in the consolidated income statements as interest expense beginning in the third quarter of 2014.

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Cash received from customers	$ 12,007	$ 11,286
Cash paid to suppliers and employees	(8,485)	(8,051)
Dividends and interest received	79	14
Interest paid	(18)	(16)
Income taxes paid	(642)	(308)
Net cash provided by operating activities	2,941	2,925
Cash flows from investing activities:
Additions to property, plant and equipment	(437)	(332)
Capitalized software development costs	(219)	(207)
Purchases of short- and long-term available-for-sale securities	(6,456)	(3,590)
Sales of short- and long-term available-for-sale securities	2,394	2,455
Maturities of short- and long-term available-for-sale securities	564	583
Business acquisitions, net of cash acquired	(207)	(625)
Purchases of strategic and other related investments	(46)	(16)
Sales of strategic and other related investments	0	51
Joint venture funding	(158)	(107)
Proceeds from divestiture of businesses	31	0
Net cash used in investing activities	(4,534)	(1,788)
Cash flows from financing activities:
Proceeds from the issuance of EMC’s common stock	175	300
EMC repurchase of EMC’s common stock	(991)	260
EMC purchase of VMware’s common stock	(160)	(95)
Excess tax benefits from stock-based compensation	(63)	155
Payment of long-term and short-term obligations	(21)	1,714
Proceeds from long-term and short-term obligations	5,463	(3)
Interest rate contract settlement	0	24
Net cash used in financing activities	4,447	(1,669)
Effect of exchange rate changes on cash and cash equivalents	(42)	(10)
Net decrease in cash and cash equivalents	2,812	(542)
Cash and cash equivalents at beginning of period	4,714	4,492
Cash and cash equivalents at end of period	7,526	3,950
Reconciliation of net income to net cash provided by operating activities:
Net income	1,365	1,315
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	803	743
Non-cash interest expense on debt	24	20
Non-cash restructuring and other special charges	7	7
Stock-based compensation expense	441	423
Provision for (recovery of) doubtful accounts	(3)	24
Deferred income taxes, net	(55)	(117)
Excess tax benefits from stock-based compensation	(63)	(155)
Other, net	11	(37)
Changes in assets and liabilities, net of acquisitions:
Accounts and notes receivable	243	(24)
Inventories	(178)	(172)
Other assets	119	28
Accounts payable	(28)	(69)
Accrued expenses	(211)	(162)
Income taxes payable	(290)	214
Deferred revenue	766	880
Other liabilities	(10)	7
Net cash provided by operating activities	2,941	2,925
Pivotal
Cash flows from financing activities:
Third party contribution to Pivotal	105	0
VMware
Cash flows from financing activities:
Proceeds from the issuance of VMware’s common stock	115	144
EMC repurchase of EMC’s common stock	$ (302)	$ (178)

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Contractual Amounts Due under Leases (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Receivables [Abstract]
Due within one year	$ 103
Due within two years	69
Due within three years	58
Thereafter	1
Total	231	329
Less amounts representing interest	(5)
Present value	226
Current portion (included in accounts and notes receivable)	100
Long-term portion (included in other assets, net)	$ 126

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Fair Value of Financial Assets and Liabilities - Additional Information (Detail) (USD $)	6 Months Ended
	Jun. 30, 2013 Security	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	$ 3,620,000,000	$ 1,422,000,000
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	0
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%	1.00%
Percentage of Loans Guaranteed	95.00%
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	4.00%
US Government Agencies Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	4,570,000,000	2,200,000,000
US Corporate Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	1,989,000,000	1,490,000,000
High Yield Corporate Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	506,000,000	519,000,000
Municipal Obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	957,000,000	1,035,000,000
Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	9,936,000,000	6,595,000,000
Foreign Debt Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities	1,841,000,000	1,279,000,000
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	$ 68,000,000	$ 70,000,000
Average credit rating	AA
LenovoEMC
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Joint Venture, Ownership Interest Percentage	49.00%
Discount rate used to estimate fair value of investments	6.00%

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Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 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 millions):

	For the Three Months Ended						For the Six Months Ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Numerator:
Net income attributable to EMC Corporation	$	701		$	650		$	1,281		$	1,236
Incremental dilution from VMware	(2		)	(3		)	(3		)	(5		)
Net income – dilution attributable to EMC Corporation	$	699		$	647		$	1,278		$	1,231
Denominator:
Weighted average shares, basic	2,092			2,096			2,097			2,082
Weighted common stock equivalents	29			42			30			44
Assumed conversion of the 2013 Notes and associated warrants	53			70			54			79
Weighted average shares, diluted	2,174			2,208			2,181			2,205

Accumulated Other Comprehensive Loss

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

	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)	$	(9	)	$	64		$	(109	)	$	(153	)	$	(1	)	$	(208	)
Other comprehensive income (loss) before reclassifications	(56		)	(29		)	8			—			2			(75		)
Net losses (gains) reclassified from accumulated other comprehensive income	—			(8		)	(8		)	—			—			(16		)
Net current period other comprehensive income (loss)	(56		)	(37		)	—			—			2			(91		)
Balance at June 30, 2013(b)	$	(65	)	$	27		$	(109	)	$	(153	)	$	1		$	(299	)

(a) Net of taxes (benefits) of $37 million for unrealized net gains on investments, $(67) million for unrealized net losses on derivatives and $(87) million for actuarial net loss on pension plans.

(b) Net of taxes (benefits) of $17 million for unrealized net gains on investments, $(66) million for unrealized net losses on derivatives and $(87) 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 and six months ended June 30, 2013 are as follows (tables in millions):

Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Impacted Line Item on Consolidated Income Statements
For the three months ended June 30, 2013:
Net gain on investments:	$	6		Investment income
	(2		)	Provision for income tax
Net of tax	$	4
Net gain on derivatives:
Foreign exchange contracts	$	6		Product sales revenue
Foreign exchange contracts	(3		)	Cost of product sales
Total net gain on derivatives before tax	3
	—			Provision for income tax
Net of tax	$	3

Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Impacted Line Item on Consolidated Income Statements
For the six months ended June 30, 2013:
Net gain on investments:	$	13		Investment income
	(5		)	Provision for income tax
Net of tax	$	8
Net gain on derivatives:
Foreign exchange contracts	$	16		Product sales revenue
Foreign exchange contracts	(6		)	Cost of product sales
Total net gain on derivatives before tax	10
	(2		)	Provision for income tax
Net of tax	$	8

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Segment Information - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended							6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	3 Months Ended
	Jun. 30, 2013 segment	Jun. 30, 2012	Jun. 30, 2013 EMC Information Infrastructure segment	Jun. 30, 2013 United States	Dec. 31, 2012 United States	Jun. 30, 2013 International Segment	Dec. 31, 2012 International Segment	Jun. 30, 2013 Geographic Concentration Sales Revenue, Segment Country	Dec. 31, 2012 Geographic Concentration Sales Revenue, Segment Country	Jun. 30, 2013 Geographic Concentration Long-lived Assets, Total Country	Dec. 31, 2012 Geographic Concentration Long-lived Assets, Total	Jun. 30, 2013 Pivotal Limited Partner [Member]	May 08, 2013 Pivotal Limited Partner [Member]	Jun. 30, 2013 EMC [Member] Pivotal
Segment Reporting Information [Line Items]
Number of federated businesses	3
Number of operating segments			3
Joint Venture, Ownership Interest Percentage													10.00%	84.00%
Payments to Acquire Interest in Joint Venture	$ 158	$ 107										$ 105
Number of countries other than the US that accounted for 10% or more								0	0	0	0
Long-lived assets, excluding financial instruments, deferred tax assets, goodwill and intangible assets				$ 4,166	$ 3,994	$ 802	$ 698

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Income Taxes - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Tax Disclosure [Abstract]
Effective income tax rates	22.40%	23.70%	17.70%	23.50%
Impact of the expiration of the U.S. federal research and development tax credit	1.00%		5.10%

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Our effective income tax rates were 22.4% and 17.7% for the three and six months ended June 30, 2013, respectively. Our effective income tax rates were 23.7% and 23.5% for the three and six months ended June 30, 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 periods for potential tax consequences, benefits and/or resolutions of tax audits or other tax contingencies. For the three and six months ended June 30, 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, state taxes and 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 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 six months ended June 30, 2013 included the estimated federal tax credit for increasing research activities for the full year 2012 as well as the six months ended June 30, 2013, which reduced our effective tax rate for the six month period. For the three and six months ended June 30, 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 and six months ended June 30, 2013 from the three and six months ended June 30, 2012 primarily due to the retroactive renewal of the U.S. federal tax credit for increasing research activities on January 2, 2013 as discussed above. The U.S. federal tax credit for increasing research activities reduced our effective income tax rate by approximately 1.0% and 5.1% for the three and six months ended June 30, 2013, respectively. There were also differences in the mix of income attributable to foreign versus domestic jurisdictions, state taxes, 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

6 Months Ended

Jun. 30, 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 June 30, 2013 were as follows (table in millions):

Year	Contractual Amounts Due Under Leases
Due within one year	$	103
Due within two years	69
Due within three years	58
Thereafter	1
Total	231
Less amounts representing interest	(5		)
Present value	226
Current portion (included in accounts and notes receivable)	100
Long-term portion (included in other assets, net)	$	126

Subsequent to June 30, 2013, we sold $5 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 June 30, 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 six months ended June 30, 2013 and 2012 (table in millions):

	For the Six Months Ended
	June 30, 2013			June 30, 2012
Balance, beginning of the period	$	17		$	24
Recoveries	(9		)	(13		)
Provisions	3			6
Balance, end of the period	$	11		$	17

Gross lease receivables totaled $231 million and $329 million as of June 30, 2013 and December 31, 2012, respectively, before the allowance. The components of these balances were individually evaluated for impairment.

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Revenues By Geographic Area (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Segment Reporting Information [Line Items]
Total consolidated revenues	$ 5,614	$ 5,311	$ 11,001	$ 10,406
United States
Segment Reporting Information [Line Items]
Total consolidated revenues	2,963	2,857	5,795	5,490
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Total consolidated revenues	1,486	1,400	2,963	2,865
Asia Pacific And Japan
Segment Reporting Information [Line Items]
Total consolidated revenues	835	748	1,573	1,459
Latin America, Mexico And Canada
Segment Reporting Information [Line Items]
Total consolidated revenues	$ 330	$ 306	$ 670	$ 592

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

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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Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

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

	For the Three Months Ended						For the Six Months Ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Numerator:
Net income attributable to EMC Corporation	$	701		$	650		$	1,281		$	1,236
Incremental dilution from VMware	(2		)	(3		)	(3		)	(5		)
Net income – dilution attributable to EMC Corporation	$	699		$	647		$	1,278		$	1,231
Denominator:
Weighted average shares, basic	2,092			2,096			2,097			2,082
Weighted common stock equivalents	29			42			30			44
Assumed conversion of the 2013 Notes and associated warrants	53			70			54			79
Weighted average shares, diluted	2,174			2,208			2,181			2,205

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 six months ended June 30, 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 shares of our common stock in the amount of 4 million for both the three and six months ended June 30, 2013 and 3 million and 4 million for the three and six months ended June 30, 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.

Repurchase of Common Stock

We utilize both authorized and unissued shares (including repurchased shares) for all issuances under our equity plans. Our Board of Directors authorized the repurchase of 250 million shares of our common stock in April 2008 and an additional 250 million shares of our common stock in February 2013. For the six months ended June 30, 2013, we spent $1.0 billion to repurchase 42 million shares of our common stock. Of the 500 million shares authorized for repurchase, we have repurchased 264 million shares at a total cost of $5.4 billion, leaving a remaining balance of 236 million shares authorized for future repurchases.  We plan to spend up to $3.5 billion by the end of the second quarter of 2014 and up to $6.0 billion by the end of 2015 on common stock repurchases.

Cash Dividend on Common Stock

On May 30, 2013, our Board of Directors declared a cash dividend of $0.10 per share of common stock. On July 23, 2013, EMC paid a cash dividend of $208 million to shareholders of record as of the close of business on July 1, 2013.

Accumulated Other Comprehensive Income (Loss)

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

	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)	$	(9	)	$	64		$	(109	)	$	(153	)	$	(1	)	$	(208	)
Other comprehensive income (loss) before reclassifications	(56		)	(29		)	8			—			2			(75		)
Net losses (gains) reclassified from accumulated other comprehensive income	—			(8		)	(8		)	—			—			(16		)
Net current period other comprehensive income (loss)	(56		)	(37		)	—			—			2			(91		)
Balance at June 30, 2013(b)	$	(65	)	$	27		$	(109	)	$	(153	)	$	1		$	(299	)

(a) Net of taxes (benefits) of $37 million for unrealized net gains on investments, $(67) million for unrealized net losses on derivatives and $(87) million for actuarial net loss on pension plans.

(b) Net of taxes (benefits) of $17 million for unrealized net gains on investments, $(66) million for unrealized net losses on derivatives and $(87) million for actuarial net loss on pension plans.

The amounts reclassified out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2013 are as follows (tables in millions):

Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Impacted Line Item on Consolidated Income Statements
For the three months ended June 30, 2013:
Net gain on investments:	$	6		Investment income
	(2		)	Provision for income tax
Net of tax	$	4
Net gain on derivatives:
Foreign exchange contracts	$	6		Product sales revenue
Foreign exchange contracts	(3		)	Cost of product sales
Total net gain on derivatives before tax	3
	—			Provision for income tax
Net of tax	$	3

Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Impacted Line Item on Consolidated Income Statements
For the six months ended June 30, 2013:
Net gain on investments:	$	13		Investment income
	(5		)	Provision for income tax
Net of tax	$	8
Net gain on derivatives:
Foreign exchange contracts	$	16		Product sales revenue
Foreign exchange contracts	(6		)	Cost of product sales
Total net gain on derivatives before tax	10
	(2		)	Provision for income tax
Net of tax	$	8

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2013
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	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	2,080,853,985

XML

Restructuring and Acquisition-Related Charges

6 Months Ended

Jun. 30, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Acquisition-Related Charges

Restructuring and Acquisition-Related Charges

For the three and six months ended June 30, 2013, we incurred restructuring and acquisition-related charges of $7 million and $155 million, respectively. For the three and six months ended June 30, 2012, we incurred restructuring and acquisition-related charges of $28 million and $53 million, respectively. For the three and six months ended June 30, 2013, EMC incurred $4 million and $85 million, respectively, of restructuring charges, primarily related to our current year restructuring programs and $0 million and $3 million, respectively, of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three and six months ended June 30, 2013, VMware incurred $2 million and $56 million, respectively, of restructuring charges related to workforce reductions as part of its current year restructuring program, $1 million and $10 million, respectively, of impairment charges related to its business realignment and $0 million and $1 million, respectively, of charges in connection with acquisitions for financial advisory, legal and accounting services. For the three and six months ended June 30, 2012, we incurred $24 million and $48 million, respectively, of restructuring charges, primarily related to our 2012 restructuring programs and $4 million and $5 million, respectively, of costs in connection with acquisitions for financial advisory, legal and accounting services.

In the first quarter of 2013, EMC implemented a restructuring program to create further operational efficiencies which will result in a workforce reduction of approximately 1,000 positions. The actions will impact positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments. The first quarter restructuring program is expected to result in a total charge of approximately $80 million, with total cash payments associated with the plan expected to be approximately $73 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 approved a business realignment plan to streamline its operations. The plan includes the elimination of approximately 750 positions across all major functional groups and geographies, and is expected to result in a charge in the range of $55 million to $60 million, of which $2 million and $56 million was recognized during the three and six months ended June 30, 2013, respectively. Additionally, VMware exited and is planning to exit certain lines of business and consolidated and is planning to consolidate facilities, which is expected to result in a total charge, including asset impairments recorded in the prior quarters, in the range of $20 million to $25 million, of which $1 million and $10 million was recognized during the three and six months ended June 30, 2013, respectively. 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 $50 million to $60 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 and 279 positions were identified in the first and second quarters of 2012, respectively. 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 and six months ended June 30, 2013, we recognized $5 million and $12 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. For the three and six months ended June 30, 2012, we recognized $4 million and $8 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. These costs are expected to be utilized by the end of 2015.

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

Three Months Ended June 30, 2013:

2013 EMC Programs
Category	Balance as of March 31, 2013		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	66	$	2	$	(23	)	$	45
Consolidation of excess facilities and other contractual obligations	—		3		(1		)	2
Total	$	66	$	5	$	(24	)	$	47

2013 VMware Programs
Category	Balance as of March 31, 2013		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	26	$	2	$	(26	)	$	2
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	26	$	2	$	(26	)	$	2

Other EMC Programs
Category	Balance as of March 31, 2013		Adjustments to the Provision			Utilization			Balance as of June 30, 2013
Workforce reductions	$	46	$	(3	)	$	(14	)	$	29
Consolidation of excess facilities and other contractual obligations	30		2			(5		)	27
Total	$	76	$	(1	)	$	(19	)	$	56

Six Months Ended June 30, 2013:

2013 EMC Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	—	$	81	$	(36	)	$	45
Consolidation of excess facilities and other contractual obligations	—		3		(1		)	2
Total	$	—	$	84	$	(37	)	$	47

2013 VMware Programs
Category	Balance as of December 31, 2012		2013 Charges		Utilization			Balance as of June 30, 2013
Workforce reductions	$	—	$	56	$	(54	)	$	2
Consolidation of excess facilities and other contractual obligations	—		—		—			—
Total	$	—	$	56	$	(54	)	$	2

Other EMC Programs
Category	Balance as of December 31, 2012		Adjustments to the Provision			Utilization			Balance as of June 30, 2013
Workforce reductions	$	63	$	(8	)	$	(26	)	$	29
Consolidation of excess facilities and other contractual obligations	28		9			(10		)	27
Total	$	91	$	1		$	(36	)	$	56

Three Months Ended June 30, 2012:

2012 EMC Programs
Category	Balance as of March 31, 2012		2012 Charges		Utilization			Balance as of June 30, 2012
Workforce reductions	$	20	$	23	$	(9	)	$	34
Consolidation of excess facilities and other contractual obligations	1		4		(2		)	3
Total	$	21	$	27	$	(11	)	$	37

Other EMC Programs
Category	Balance as of March 31, 2012		Adjustments to the Provision			Utilization			Balance as of June 30, 2012
Workforce reductions	$	31	$	(3	)	$	(8	)	$	20
Consolidation of excess facilities and other contractual obligations	28		—			(2		)	26
Total	$	59	$	(3	)	$	(10	)	$	46

Six Months Ended June 30, 2012:

2012 EMC Programs
Category	Balance as of December 31, 2011		2012 Charges		Utilization			Balance as of June 30, 2012
Workforce reductions	$	—	$	46	$	(12	)	$	34
Consolidation of excess facilities and other contractual obligations	—		5		(2		)	3
Total	$	—	$	51	$	(14	)	$	37

Other EMC Programs
Category	Balance as of December 31, 2011		Adjustments to the Provision			Utilization			Balance as of June 30, 2012
Workforce reductions	$	50	$	(6	)	$	(24	)	$	20
Consolidation of excess facilities and other contractual obligations	30		3			(7		)	26
Total	$	80	$	(3	)	$	(31	)	$	46

In the three months ended June 30, 2013, VMware recorded a pre-tax gain of $32 million for the disposition of certain lines of business under its business realignment plan, which were no longer in line with VMware's core business priorities. The gain was recorded to other expense, net on the consolidated statements of income for the three and six months ended June 30, 2013.

As of June 30, 2013, VMware had $19 million in assets held for sale, primarily related to intangible assets for a business it exited in the third quarter of 2013. Additionally, $21 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 June 30, 2013.

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Stockholders' Equity - Additional Information (Detail) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	1 Months Ended	2 Months Ended	3 Months Ended		6 Months Ended		18 Months Ended	36 Months Ended	60 Months Ended	63 Months Ended				1 Months Ended
	Feb. 27, 2013	Jul. 23, 2013	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2014	Dec. 31, 2015	Mar. 31, 2013	Jun. 30, 2013	Dec. 31, 2012	Dec. 31, 2008	Nov. 30, 2006	Nov. 30, 2006 Sold Warrants
Accumulated Other Comprehensive Income (Loss), Net of Tax			$ (299,000,000)		$ (299,000,000)					$ (299,000,000)	$ (208,000,000)
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			4	3		4
Repurchases of Common Stock, shares authorized to repurchase			500		500					500		250
Total Repurchases of Common Stock, shares									42	264
Total Repurchases of Common Stock									1,000,000,000	5,400,000,000
Shares authorized for future repurchases			236		236					236
Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased	250
Plan to spend for the year on common stock repurchases							3,500,000,000	6,000,000,000
Cash dividends declared per common share			$ 0.10	$ 0.00	$ 0.10	$ 0.00
Common Stock, Dividends, Per Share, Cash Paid		$ 208,000,000

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Reconciliation from Basic To Diluted Earnings Per Share for both Numerators and Denominators (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Numerator:
Net income attributable to EMC Corporation	$ 701	$ 650	$ 1,281	$ 1,236
Incremental dilution from VMware	(2)	(3)	(3)	(5)
Net income - dilution attributable to EMC Corporation	$ 699	$ 647	$ 1,278	$ 1,231
Denominator:
Weighted average shares, basic	2,092	2,096	2,097	2,082
Weighted common stock equivalents	29	42	30	44
Assumed conversion of the 2013 Notes and associated warrants	53	70	54	79
Weighted average shares, diluted	2,174	2,208	2,181	2,205