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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2015
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):
 
2015
 
2014
 
2013
Numerator:
 
 
 
 
 
Net income attributable to EMC Corporation
$
1,990

 
$
2,714

 
$
2,889

Incremental dilution from VMware
(5
)
 
(7
)
 
(8
)
Net income – dilution attributable to EMC Corporation
$
1,985

 
$
2,707

 
$
2,881

Denominator:
 
 
 
 
 
Weighted average shares, basic
1,944

 
2,028

 
2,074

Weighted average common stock equivalents
18

 
26

 
28

Assumed conversion of the 2013 Notes and associated warrants
—

 
5

 
58

Weighted average shares, diluted
1,962

 
2,059

 
2,160
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
Fiscal Year 2015:
February 27, 2015
 
$
0.115

 
April 1, 2015
 
$
229

 
April 23, 2015
May 20, 2015
 
$
0.115

 
July 1, 2015
 
$
226

 
July 23, 2015
July 30, 2015
 
$
0.115

 
October 1, 2015
 
$
229

 
October 23, 2015
December 17, 2015
 
$
0.115

 
January 4, 2016
 
$
230

 
January 22, 2016
 
 
 
 
 
 
 
 
 
Fiscal Year 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
December 10, 2014
 
$
0.115

 
January 2, 2015
 
$
234

 
January 23, 2015
 
 
 
 
 
 
 
 
 
Fiscal Year 2013:
May 28, 2013
 
$
0.10

 
July 1, 2013
 
$
212

 
July 23, 2013
August 1, 2013
 
$
0.10

 
October 1, 2013
 
$
210

 
October 23, 2013
December 12, 2013
 
$
0.10

 
January 8, 2014
 
$
206

 
January 23, 2014
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss)
Changes in accumulated other comprehensive income (loss), which is presented net of tax, for the years ended December 31, 2015 and 2014 consist of the following (table in millions):
 
Foreign Currency Translation Adjustments
 
Unrealized Net Gains (Losses) 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 Interests
 
Total
Balance as of January 1, 2014(a)
$
(52
)
 
$
31

 
$
(105
)
 
$
(110
)
 
$
(3
)
 
$
(239
)
Other comprehensive income (loss) before reclassifications
(135
)
 
57

 
24

 
(22
)
 
—

 
(76
)
Net losses (gains) reclassified from accumulated other comprehensive income
—

 
(39
)
 
(18
)
 
6

 
—

 
(51
)
Net current period other comprehensive income (loss)
(135
)
 
18

 
6

 
(16
)
 
—

 
(127
)
Balance as of December 31, 2014(b)
(187
)
 
49

 
(99
)
 
(126
)
 
(3
)
 
(366
)
Other comprehensive income (loss) before reclassifications
(169
)
 
(16
)
 
21

 
(7
)
 
4

 
(167
)
Net losses (gains) reclassified from accumulated other comprehensive income
—

 
(43
)
 
(11
)
 
8

 
—

 
(46
)
Net current period other comprehensive income (loss)
(169
)
 
(59
)
 
10

 
1

 
4

 
(213
)
Balance as of December 31, 2015(c)
$
(356
)
 
$
(10
)
 
$
(89
)
 
$
(125
)
 
$
1

 
$
(579
)

(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 $31 million for unrealized net gains on investments, $(64) million for unrealized net losses on derivatives and $(70) million for actuarial net loss on pension plans.
(c)
Net of taxes (benefits) of $(5) million for unrealized net gains on investments, $(56) million for unrealized net losses on derivatives and $(71) million for actuarial net loss on pension plans.
The amounts reclassified out of accumulated other comprehensive income (loss) for the years ended December 31, 2015 and 2014 is as follows (table in millions):
 
 
For the Year Ended
 
 
Accumulated Other Comprehensive Income Components
 
December 31, 2015
 
December 31, 2014
 
Impacted Line Item on
Consolidated Income Statements
Net gain on investments:
 
$
70

 
$
62

 
Investment income
 
 
(27
)
 
(23
)
 
Provision for income tax
Net of tax
 
$
43

 
$
39

 
 
 
 
 
 
 
 
 
Net gain on derivatives:
 
 
 
 
 
 
Foreign exchange contracts
 
$
30

 
$
39

 
Product sales revenue
Foreign exchange contracts
 
(2
)
 
(10
)
 
Cost of product sales
Interest rate swap
 
(22
)
 
(11
)
 
Other interest expense
Total net gain on derivatives before tax
 
6

 
18

 
 
 
 
5

 
—

 
Provision for income tax
Net of tax
 
$
11

 
$
18

 
 
 
 
 
 
 
 
 
Net loss from pension and other postretirement plans

 
$
(13
)
 
$
(9
)
 
Selling, general and administrative expense
 
 
5

 
3

 
Provision for income tax
Net of tax
 
$
(8
)
 
$
(6
)
 
 
VMware  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Repurchase Activity
The following table summarizes stock repurchase activity in the years ended December 31, 2015, 2014 and 2013 (table in millions, except per share amounts):
 
 
For the Year Ended December 31,
 
 
2015
 
2014
 
2013
Aggregate purchase price
 
$
1,125

 
$
700

 
$
508

Class A common shares repurchased
 
13

 
8

 
7

Weighted-average price per share
 
$
83.36

 
$
91.61

 
$
76.58
Schedule of Repurchase Agreements
The following table summarizes stock repurchase authorizations in the years ended December 31, 2015, 2014 and 2013 (amounts in table in millions):
Month Authorized
 
Amount Authorized
 
Expiration Date
 
Status
January 2015
 
$
1,000

 
End of 2017
 
Open
August 2014
 
1,000

 
End of 2016
 
Completed in Q3’15
August 2013
 
700

 
End of 2015
 
Completed in Q4’14
November 2012
 
250

 
End of 2014
 
Completed in Q4’13
February 2012
 
600

 
End of 2013
 
Completed in Q2’13