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Shareholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2016
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,
2016
 
June 30,
2015
 
June 30,
2016
 
June 30,
2015
Numerator:
 
 
 
 
 
 
 
Net income attributable to EMC Corporation
$
581

 
$
487

 
$
849

 
$
739

Incremental dilution from VMware
(1
)
 
(1
)
 
(1
)
 
(2
)
Net income – dilution attributable to EMC Corporation
$
580

 
$
486

 
$
848

 
$
737

Denominator:
 
 
 
 
 
 
 
Weighted average shares, basic
1,955

 
1,927

 
1,952

 
1,950

Weighted common stock equivalents
18

 
20

 
17

 
21

Weighted average shares, diluted
1,973

 
1,947

 
1,969

 
1,971
Dividends Declared
Declaration Date
 
Dividend Per Share
 
Record Date
 
Total Amount (in millions)
 
Payment Date
2016:
February 11, 2016
 
$
0.115

 
April 1, 2016
 
$
229

 
April 22, 2016
May 12, 2016
 
$
0.115

 
July 1, 2016
 
$
231

 
July 22, 2016
 
 
 
 
 
 
 
 
 
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
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive income (loss), which is presented net of tax, for the six months ended June 30, 2016 and 2015 consist of the following (tables 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 2015(a)
$
(356
)
 
$
(10
)
 
$
(89
)
 
$
(125
)
 
$
1

 
$
(579
)
Other comprehensive income (loss) before reclassifications
(21
)
 
32

 
—

 
—

 
(6
)
 
5

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

 
4

 
9

 
—

 
—

 
13

Net current period other comprehensive income (loss)
(21
)
 
36

 
9

 
—

 
(6
)
 
18

Balance as of June 30, 2016(b)
$
(377
)
 
$
26

 
$
(80
)
 
$
(125
)
 
$
(5
)
 
$
(561
)
__________________
(a)
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.
(b)
Net of taxes (benefits) of $15 million for unrealized net gains on investments, $(51) million for unrealized net losses on derivatives and $(71) million for actuarial net loss on pension plans.
 
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 2014(a)
$
(187
)
 
$
49

 
$
(99
)
 
$
(126
)
 
$
(3
)
 
$
(366
)
Other comprehensive income (loss) before reclassifications
(86
)
 
20

 
9

 
—

 
(3
)
 
(60
)
Net losses (gains) reclassified from accumulated other comprehensive income
—

 
(21
)
 
(11
)
 
—

 
—

 
(32
)
Net current period other comprehensive income (loss)
(86
)
 
(1
)
 
(2
)
 
—

 
(3
)
 
(92
)
Balance as of June 30, 2015(b)
$
(273
)
 
$
48

 
$
(101
)
 
$
(126
)
 
$
(6
)
 
$
(458
)
__________________
(a)
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.
(b)
Net of taxes (benefits) of $31 million for unrealized net gains on investments, $(61) million for unrealized net losses on derivatives and $(70) 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, 2016 and 2015 are as follows (tables in millions):
 
 
For the Three Months Ended
 
 
Accumulated Other Comprehensive Income Components
 
June 30, 2016
 
June 30, 2015
 
Impacted Line Item on
Consolidated Income Statements
Net (loss) gain on investments:
 
$
(4
)
 
$
20

 
Investment income
 
 
2

 
(7
)
 
Provision for income tax
Net of tax
 
$
(2
)
 
$
13

 
 
 
 
 
 
 
 
 
Net (loss) gain on derivatives:
 
 
 
 
 
 
Foreign exchange contracts
 
$
(2
)
 
$
1

 
Product sales revenue
Foreign exchange contracts
 
—

 
3

 
Cost of product sales
Interest rate swap
 
(5
)
 
(6
)
 
Other interest expense
Total net (loss) gain on derivatives before tax
 
(7
)
 
(2
)
 
 
 
 
2

 
2

 
Provision for income tax
Net of tax
 
$
(5
)
 
$
—

 
 
 
 
For the Six Months Ended
 
 
Accumulated Other Comprehensive Income Components
 
June 30, 2016
 
June 30, 2015
 
Impacted Line Item on
Consolidated Income Statements
Net (loss) gain on investments:
 
$
(6
)
 
$
34

 
Investment income
 
 
2

 
(13
)
 
Provision for income tax
Net of tax
 
$
(4
)
 
$
21

 
 
 
 
 
 
 
 
 
Net (loss) gain on derivatives:
 
 
 
 
 
 
Foreign exchange contracts
 
$
(2
)
 
$
21

 
Product sales revenue
Foreign exchange contracts
 
—

 
(1
)
 
Cost of product sales
Interest rate swap
 
(11
)
 
(11
)
 
Other interest expense
Total net (loss) gain on derivatives before tax
 
(13
)
 
9

 
 
 
 
4

 
2

 
Provision for income tax
Net of tax
 
$
(9
)
 
$
11