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Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2014
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 Nine Months Ended
 
September 30,
2014
 
September 30,
2013
 
September 30,
2014
 
September 30,
2013
Numerator:
 
 
 
 
 
 
 
Net income attributable to EMC Corporation
$
587

 
$
586

 
$
1,568

 
$
1,867

Incremental dilution from VMware
(1
)
 
(2
)
 
(4
)
 
(5
)
Net income – dilution attributable to EMC Corporation
$
586

 
$
584

 
$
1,564

 
$
1,862

Denominator:
 
 
 
 
 
 
 
Weighted average shares, basic
2,032

 
2,069

 
2,033

 
2,088

Weighted common stock equivalents
25

 
29

 
26

 
29

Assumed conversion of the 2013 Notes and associated warrants
—

 
67

 
6

 
59

Weighted average shares, diluted
2,057

 
2,165

 
2,065

 
2,176
Dividends Declared
Our Board of Directors declared the following dividends during the periods presented:
Declaration Date
 
Dividend Per Share
 
Record Date
 
Total Amount (in millions)
 
Payment Date
Nine Months ended September 30, 2014:
February 6, 2014
 
$
0.10

 
April 1, 2014
 
$
209

 
April 23, 2014
April 17, 2014
 
$
0.115

 
July 1, 2014
 
$
237

 
July 23, 2014
July 30, 2014
 
$
0.115

 
October 1, 2014
 
$
239

 
October 23, 2014
 
 
 
 
 
 
 
 
 
Nine Months ended September 30, 2013:
May 30, 2013
 
$
0.10

 
July 1, 2013
 
$
212

 
July 23, 2013
August 1, 2013
 
$
0.10

 
October 1, 2013
 
$
210

 
October 23, 2013
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 2013(a)
$
(53
)
 
$
31

 
$
(106
)
 
$
(110
)
 
$
(1
)
 
$
(239
)
Other comprehensive income (loss) before reclassifications
(57
)
 
107

 
11

 
2

 
—

 
63

Net losses (gains) reclassified from accumulated other comprehensive income
—

 
(19
)
 
(2
)
 
(1
)
 
—

 
(22
)
Net current period other comprehensive income (loss)
(57
)
 
88

 
9

 
1

 
—

 
41

Balance as of September 30, 2014(b)
$
(110
)
 
$
119

 
$
(97
)
 
$
(109
)
 
$
(1
)
 
$
(198
)
__________________
(a)
Net of taxes (benefits) of $18 million for unrealized net gains on investments, $(66) million for unrealized net losses on derivatives and $(61) million for actuarial net loss on pension plans.
(b)
Net of taxes (benefits) of $72 million for unrealized net gains on investments, $(63) million for unrealized net losses on derivatives and $(61) 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 nine months ended September 30, 2014 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 September 30, 2014:
 
 
 
 
 
 
 
 
 
Net gain on investments:
 
$
13

 
Investment income
 
 
(5
)
 
Provision for income tax
Net of tax
 
$
8

 
 
 
 
 
 
 
Net gain on derivatives:
 
 
 
 
Foreign exchange contracts
 
$
12

 
Product sales revenue
Foreign exchange contracts
 
(7
)
 
Cost of product sales
Interest rate swap
 
(6
)
 
Other interest expense
Total net gain on derivatives before tax
 
(1
)
 
 
 
 
$
—

 
Provision for income tax
Net of tax
 
$
(1
)
 
 
 
 
 
 
 
Net gains from pension and other postretirement plans

 
$
1

 
Selling, general and administrative expense
 
 
—

 
Provision for income tax
Net of tax
 
$
1

 
 
Accumulated Other Comprehensive Income Components
 
Amount Reclassified from Accumulated Other Comprehensive Income
 
Impacted Line Item on
Consolidated Income Statements
For the Nine Months Ended September 30, 2014:
 
 
 
 
 
 
 
 
 
Net gain on investments:
 
$
30

 
Investment income
 
 
(11
)
 
Provision for income tax
Net of tax
 
$
19

 
 
 
 
 
 
 
Net gain on derivatives:
 
 
 
 
Foreign exchange contracts
 
$
15

 
Product sales revenue
Foreign exchange contracts
 
(7
)
 
Cost of product sales
Interest rate swap
 
(6
)
 
Other interest expense
Total net gain on derivatives before tax
 
2

 
 
 
 
$
—

 
Provision for income tax
Net of tax
 
$
2

 
 
 
 
 
 
 
Net gains from pension and other postretirement plans
 
$
1

 
Selling, general and administrative expense
 
 
—

 
Provision for income tax
Net of tax
 
$
1