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