10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

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

For the Quarterly Period Ended October 3, 2014

or

¨ 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 000-17781

Symantec Corporation

(Exact name of the registrant as specified in its charter)

Delaware	77-0181864
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer Identification no.)
350 Ellis Street,
Mountain View, California	94043
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:

(650) 527-8000

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 þ No ¨

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 þ No ¨

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. (Check one):

Large accelerated filer þ	Accelerated filer ¨	Non-accelerated filer ¨	Smaller reporting company ¨
		(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No þ

Shares of Symantec common stock, $0.01 par value per share, outstanding as of October 31, 2014: 690,147,433 shares.

SYMANTEC CORPORATION

FORM 10-Q

Quarterly Period Ended October 3, 2014

TABLE OF CONTENTS

	Page
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements	3
Condensed Consolidated Balance Sheets as of October 3, 2014 and March 28, 2014	3
Condensed Consolidated Statements of Income for the three and six months ended October 3, 2014 and September  27, 2013	4
Condensed Consolidated Statements of Comprehensive Income for the three and six months ended October 3, 2014 and September 27, 2013	5
Condensed Consolidated Statements of Cash Flows for the six months ended October 3, 2014 and September  27, 2013	6
Notes to Condensed Consolidated Financial Statements	7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
Item 3. Quantitative and Qualitative Disclosures about Market Risk	28
Item 4. Controls and Procedures	28
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	29
Item 1A. Risk Factors	29
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	30
Item 6. Exhibits	30
Signatures	31

2

PART I. FINANCIAL INFORMATION

Item 1.Financial Statements

SYMANTEC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

	October 3, 2014			March 28, 2014*
	(Unaudited) (Dollars in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	2,972		$	3,707
Short-term investments	821			377
Trade accounts receivable, net	722			1,007
Inventories, net	11			14
Deferred income taxes	152			142
Deferred commissions	111			115
Other current assets	249			290
Total current assets	5,038			5,652
Property and equipment, net	1,181			1,116
Intangible assets, net	690			768
Goodwill	5,860			5,858
Long-term deferred commissions	24			21
Other long-term assets	90			124
Total assets	$	12,883		$	13,539
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	219		$	282
Accrued compensation and benefits	310			365
Deferred revenue	2,874			3,322
Current portion of long-term debt	350			—
Other current liabilities	292			337
Total current liabilities	4,045			4,306
Long-term debt	1,745			2,095
Long-term deferred revenue	543			581
Long-term deferred tax liabilities	441			425
Long-term income taxes payable	130			252
Other long-term obligations	82			83
Total liabilities	6,986			7,742
Commitments and contingencies (Note 6)
Stockholders’ equity:
Common stock	7			7
Additional paid-in capital	6,404			6,744
Accumulated other comprehensive income	154			194
Accumulated deficit	(668		)	(1,148		)
Total stockholders’ equity	5,897			5,797
Total liabilities and stockholders’ equity	$	12,883		$	13,539

*Derived from audited financial statements.

The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these financial statements.

3

SYMANTEC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended						Six Months Ended
	October 3, 2014			September 27, 2013			October 3, 2014			September 27, 2013
	(Unaudited) (In millions, except per share data)
Net revenue:
Content, subscription, and maintenance	$	1,445		$	1,499		$	3,019		$	3,019
License	172			138			333			327
Total net revenue	1,617			1,637			3,352			3,346
Cost of revenue:
Content, subscription, and maintenance	240			252			509			515
License	25			19			52			41
Amortization of intangible assets	13			13			26			28
Total cost of revenue	278			284			587			584
Gross profit	1,339			1,353			2,765			2,762
Operating expenses:
Sales and marketing	565			592			1,209			1,244
Research and development	276			248			584			510
General and administrative	93			114			196			233
Amortization of intangible assets	27			29			56			100
Restructuring, separation, and transition	30			122			50			203
Total operating expenses	991			1,105			2,095			2,290
Operating income	348			248			670			472
Interest income	3			3			6			6
Interest expense	(19		)	(20		)	(40		)	(45		)
Other income, net	1			20			2			38
Income before income taxes	333			251			638			471
Provision for income taxes	89			10			158			73
Net income	$	244		$	241		$	480		$	398
Basic net income per share	$	0.35		$	0.34		$	0.69		$	0.57
Diluted net income per share	$	0.35		$	0.34		$	0.69		$	0.56
Weighted-average shares outstanding — basic	690			699			691			698
Weighted-average shares outstanding — diluted	696			707			697			707
Cash dividends declared per common share	$	0.15		$	0.15		$	0.30		$	0.30

The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these financial statements.

4

SYMANTEC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Three Months Ended						Six Months Ended
	October 3, 2014			September 27, 2013			October 3, 2014			September 27, 2013
	(Unaudited) (Dollars in millions)
Net income	$	244		$	241		$	480		$	398
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments:
Translation adjustments	(42		)	14			(40		)	(4		)
Net foreign currency translation adjustments	(42		)	14			(40		)	(4		)
Available-for-sale securities:
Unrealized gain on available-for-sale securities, net of taxes of $0 million and $0 million for the three and six months ended October 3, 2014 and September 27, 2013, respectively	—			1			—			—
Reclassification adjustments for realized gain included in net income, net of taxes of $0 million and $5 million for the three months ended October 3, 2014 and September 27, 2013, respectively, and $0 million and $10 million for the six months ended October 3, 2014 and September 27, 2013, respectively	—			(11		)	—			(14		)
Net change in unrealized (loss) gain on available-for-sale securities	—			(10		)	—			(14		)
Other comprehensive (loss) income, net of taxes	(42		)	4			(40		)	(18		)
Comprehensive income	$	202		$	245		$	440		$	380

The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these financial statements.

5

SYMANTEC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six Months Ended
	October 3, 2014			September 27, 2013
	(Unaudited) (Dollars in millions)
OPERATING ACTIVITIES:
Net income	$	480		$	398
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	145			139
Amortization of intangible assets	82			128
Amortization of debt issuance costs and discounts	2			5
Stock-based compensation expense	89			77
Deferred income taxes	30			51
Excess income tax benefit from the exercise of stock options	(5		)	(13		)
Net gain from sale of short-term investments	—			(32		)
Other	3			11
Net change in assets and liabilities, excluding effects of acquisitions:
Trade accounts receivable, net	268			465
Inventories, net	3			8
Deferred commissions	(3		)	20
Accounts payable	(77		)	(92		)
Accrued compensation and benefits	(50		)	(110		)
Deferred revenue	(374		)	(556		)
Income taxes payable	(101		)	(72		)
Other assets	30			31
Other liabilities	(56		)	45
Net cash provided by operating activities	466			503
INVESTING ACTIVITIES:
Purchases of property and equipment	(199		)	(118		)
Cash payments for acquisitions, net of cash acquired	(19		)	(17		)
Purchases of short-term investments	(1,071		)	(102		)
Proceeds from maturities of short-term investments	411			—
Proceeds from sales of short-term investments	156			67
Net cash used in investing activities	(722		)	(170		)
FINANCING ACTIVITIES:
Repayments of debt and other obligations	(18		)	(1,189		)
Proceeds from convertible note hedge	—			189
Net proceeds from sales of common stock under employee stock benefit plans	66			160
Excess income tax benefit from the exercise of stock options	5			13
Tax payments related to restricted stock units	(34		)	(30		)
Dividends paid, net	(207		)	(210		)
Repurchases of common stock	(250		)	(250		)
Proceeds from other financing, net	34			—
Net cash used in financing activities	(404		)	(1,317		)
Effect of exchange rate fluctuations on cash and cash equivalents	(75		)	26
Change in cash and cash equivalents	(735		)	(958		)
Beginning cash and cash equivalents	3,707			4,685
Ending cash and cash equivalents	$	2,972		$	3,727

The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these financial statements.

6

SYMANTEC CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 1. Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Symantec Corporation (“Symantec,” “we,” “us,” “our,” and “the Company” refer to Symantec Corporation and all of its subsidiaries) as of October 3, 2014 and March 28, 2014, and for the three and six months ended October 3, 2014 and September 27, 2013 have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S.”) for interim financial information and with the instructions on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In accordance with those rules and regulations, we have omitted certain information and notes normally provided in our annual Consolidated Financial Statements. In the opinion of management, the unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting only of normal recurring items, except as otherwise noted, necessary for the fair presentation of our financial position, results of operations, and cash flows for the interim periods. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. The results of operations for the three and six months ended October 3, 2014 are not necessarily indicative of the results expected for the entire fiscal year.

We have a 52/53-week fiscal accounting year. Unless otherwise stated, references to three and six month ended periods in this report relate to fiscal periods ended October 3, 2014 and September 27, 2013. The six months ended October 3, 2014 consisted of 27 weeks, whereas the six months ended September 27, 2013 consisted of 26 weeks. Our 2015 fiscal year consists of 53 weeks and ends on April 3, 2015.

There have been no material changes in our significant accounting policies for the three and six months ended October 3, 2014, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. Certain immaterial amounts in our 2014 Condensed Consolidated Financial Statements within operating expenses have been reclassified to be comparable with classifications used in our 2015 Condensed Consolidated Financial Statements.

Segment reporting change

In fiscal 2015, we are focused on managing our businesses as a portfolio and optimizing certain businesses for margin or growth. As a result, beginning from the second quarter of fiscal year 2015, we modified our segment reporting structure to match our new operating structure and how our Chief Operating Decision Maker ("CODM") reviews the business and allocates resources. The CODM function is comprised of our Chief Executive Officer and Chief Financial Officer. Reclassifications of prior period segment information have been made to conform to the current period presentation. This change does not impact our previously reported Condensed Consolidated Financial Statements. See Note 8 for additional information on our segment reporting change.

Recently issued authoritative guidance

On April 10, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-08, Presentation of Financial Statements and Property, Plant and Equipment, that provides new guidance related to reporting discontinued operations. This new standard raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The new standard is effective for the Company April 4, 2015, and will impact the treatment of the tax-free separation of our information management business that is expected to occur by the end of December 2015. See Note 12 for information regarding the separation. Early adoption is permitted but only for disposals that have not been reported in financial statements previously issued. We are evaluating the impact of adopting this new accounting guidance on our Condensed Consolidated Financial Statements and related disclosures.

On May 28, 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, that requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers, and will replace most existing revenue recognition guidance in U.S. GAAP. The new standard is effective for the Company April 1, 2017, and early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that the standard will have on our Condensed Consolidated Financial Statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

7

There was no other recently issued authoritative guidance that has a material impact to our Condensed Consolidated Financial Statements through the reporting date.

Note 2. Fair Value Measurements

For assets and liabilities measured at fair value, such amounts are based on an expected exit price representing the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value:

• Level 1:  Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

• Level 2:  Observable inputs that reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

• Level 3:  Unobservable inputs reflecting our own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

Assets measured and recorded at fair value on a recurring basis

Cash equivalents. Cash equivalents consist of money market funds that are classified as Level 1, and corporate securities and commercial paper classified as Level 2, all of which have an original maturity of three months or less, and the carrying amount is a reasonable estimate of fair value.

Short-term investments. Short-term investments consist of U.S. government securities with original maturities greater than three months and are classified as recurring Level 1. Also included in short-term investments are commercial paper, federal agency and corporate and international government securities with original maturities greater than three months, which are classified as Level 2. Short-term investments are priced using inputs such as actual trade data, benchmark yields, broker/dealer quotes, and other similar data, which are obtained from quoted market prices, independent pricing vendors, or other sources, to determine the fair value of these assets. Marketable equity securities are classified as Level 1 and are recorded at fair value using quoted prices in active markets for identical assets.

There have been no transfers between fair value measurement levels during the six months ended October 3, 2014. The following table summarizes our assets measured at fair value on a recurring basis, by level, within the fair value hierarchy:

	October 3, 2014						March 28, 2014
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(Dollars in millions)
Cash equivalents	$	1,810	$	60	$	1,870	$	2,380	$	40	$	2,420
Short-term investments:
Corporate bonds	—		297		297		—		120		120
U.S. government securities	207		—		207		95		—		95
U.S. agency securities	—		139		139		—		45		45
Commercial paper	—		71		71		—		24		24
Other investments	—		102		102		—		47		47
Marketable equity securities	5		—		5		6		—		6

Fair value of long-term debt

As of October 3, 2014 and March 28, 2014, the fair value of the Company’s current and long-term debt, based on Level 2 inputs, was $2.2 billion.

8

Note 3. Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill were as follows:

	Consumer Security			Enterprise Security			Information Management			Total
	(Dollars in millions)
Net balance as of March 28, 2014	$	1,233		$	1,918		$	2,707		$	5,858
Additions (1)	—			11			—			11
Adjustments (2)	(1		)	(6		)	(2		)	(9		)
Net balance as of October 3, 2014	$	1,232		$	1,923		$	2,705		$	5,860

(1)  Additions due to an acquired business.

(2)  Adjustments made to goodwill reflect foreign currency exchange rate fluctuations.

Effective in the second quarter of fiscal 2015, we evaluated our segment reporting structure and modified the reporting to match our new operating structure. Our reporting units for goodwill are the same as our reportable operating segments, and the net goodwill balance has been allocated to the reporting units based on their relative fair value. See Note 8 for information regarding the changes related to segment information.

As a result of the change in our segments, we assessed goodwill for impairment immediately prior to the changes to the new reporting units and determined that the estimated fair value of our reporting units exceeded their respective carrying amount including goodwill. Based on the results of our impairment analysis, we do not believe that impairment existed as of the date of the change in our segments.

Intangible assets, net

	October 3, 2014								March 28, 2014
	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Weighted- Average Remaining Useful Life	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Weighted- Average Remaining Useful Life
	(Dollars in millions)
Customer relationships	$	757	$	(513	)	$	244	3 years	$	766	$	(469	)	$	297	3 years
Developed technology	283		(155		)	128		3 years	287		(142		)	145		4 years
Finite-lived tradenames	125		(110		)	15		1 year	125		(103		)	22		2 years
Patents	21		(15		)	6		3 years	21		(14		)	7		4 years
Indefinite-lived tradenames	297		—			297		Indefinite	297		—			297		Indefinite
Total	$	1,483	$	(793	)	$	690	2 years	$	1,496	$	(728	)	$	768	3 years

Total future amortization expense for intangible assets that have finite lives is as follows:

9

	October 3, 2014
	(Dollars in millions)
Remainder of fiscal 2015	$	76
2016	106
2017	88
2018	67
2019	37
Thereafter	19
Total	$	393

Note 4. Supplemental Financial Information

Property and equipment, net

	October 3, 2014			March 28, 2014
	(Dollars in millions)
Land	$	79		$	79
Computer hardware and software	1,825			1,797
Office furniture and equipment	141			140
Buildings	540			539
Leasehold improvements	368			356
Construction in progress	85			28
	3,038			2,939
Accumulated depreciation	(1,857		)	(1,823		)
Total	$	1,181		$	1,116

Dividends and dividend equivalents

During the quarter ended October 3, 2014, we declared and paid a cash dividend of $0.15 per common share for a total of $104 million. During the six months ended October 3, 2014, we declared and paid cash dividends of $0.30 per common share for a total of $207 million. Each quarterly dividend was recorded as a reduction to additional paid-in capital. In addition, our Board of Directors approved dividend equivalent rights entitling holders of restricted stock and performance-based stock to dividend equivalents to be paid in the form of cash upon vesting, for each share of the underlying units.

On November 5, 2014, we declared a cash dividend of $0.15 per share of common stock to be paid on December 17, 2014 to stockholders of record as of the close of business on November 24, 2014. All shares of common stock issued and outstanding, and unvested restricted stock and performance-based stock, as of the record date will be entitled to the dividend and dividend equivalents, respectively. Any future dividends and dividend equivalents will be subject to the approval of our Board of Directors.

Changes in accumulated other comprehensive income by component

Components of accumulated other comprehensive income, on a net of tax basis, were as follows:

10

	Foreign Currency Translation Adjustments			Unrealized Gain On   Available-For-Sale Securities		Total
	(Dollars in millions)
Balance as of March 28, 2014	$	191		$	3	$	194
Other comprehensive income before reclassifications	(40		)	—		(40		)
Amounts reclassified from accumulated other comprehensive income	—			—		—
Balance as of October 3, 2014	$	151		$	3	$	154

There were no effects to net income of amounts reclassified from accumulated other comprehensive income for the three and six months ended October 3, 2014.

Note 5. Restructuring, Separation, and Transition

Our restructuring, separation, and transition costs and liabilities consist primarily of severance, facilities, separation, transition and other related costs. Severance costs generally include severance payments, outplacement services, health insurance coverage, and legal costs. Facilities costs generally include rent expense and lease termination costs, less estimated sublease income. Separation and other related costs will include advisory, consulting and other costs incurred in connection with the separation of our information management business. Transition and other related costs consist of consulting charges associated with the implementation of a new Enterprise Resource Planning system, and costs related to the outsourcing of certain back office functions. Restructuring, separation, and transition costs are managed at the corporate level and are not allocated to our reportable segments. See Note 8 of these Condensed Consolidated Financial Statements for information regarding the reconciliation of total segment operating income to total consolidated operating income.

Restructuring plans

Fiscal 2014 Plan

We initiated a restructuring plan in the fourth quarter of fiscal 2013 to reduce management and redundant personnel resulting in headcount reductions across the Company. As of October 3, 2014, total costs related to this plan incurred since inception were $238 million, primarily related to severance and related employee benefits. The costs for severance and benefits are substantially complete, however we expect to incur immaterial adjustments to existing reserves in subsequent periods.

Fiscal 2015 Plan

Our Board of Directors has approved the strategic decision to separate our business into two independent publicly-traded companies: one focused on security and one focused on information management. We expect to complete this transaction by the end of December 2015, subject to market, regulatory and certain other conditions. In order to separate the business, we initiated a restructuring plan to properly align personnel and expect to incur associated severance and facilities costs. We also expect to incur separation costs in the form of advisory, consulting and disentanglement expenses. These actions are expected to be completed in fiscal 2016. In connection with this plan, through October 3, 2014, we incurred charges of $17 million consisting of $8 million related to severance costs, and $9 million in separation costs. As of November 3, 2014, we expect to incur total severance and facilities costs between $100 million and $120 million, approximately half of which is expected to be incurred in fiscal 2015. We expect to incur separation costs between $80 million and $100 million, excluding any potential tax implications outside the U.S and potential advisor fees payable upon separation. Total restructuring and separation costs are expected to be between $180 million and $220 million.

Other exit and disposal costs

Our other exit and disposal costs consist primarily of costs associated with closing or consolidating certain facilities. Largely as a result of business acquisitions, management may make a plan to exit certain facilities either at the time of acquisition or after the acquisition in conjunction with our efforts to integrate and streamline our operations. As of October 3, 2014, liabilities for these excess facility obligations at several locations around the world are expected to be paid throughout the respective lease terms as we continue to occupy these facilities, the longest of which extends through fiscal 2016.

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Restructuring, separation, and transition summary

	March 28, 2014		Costs, Net of Adjustments (1)		Cash Payments			October 3, 2014		Cumulative Incurred to Date
	(Dollars in millions)
Restructuring and separation liabilities:
Fiscal 2014 Plan
Severance costs	$	38	$	16	$	(42	)	$	12	$	235
Other exit and disposal costs	—		—		—			—		$	3
Fiscal 2014 Plan Total	$	38	$	16	$	(42	)	$	12	$	238
Fiscal 2015 Plan
Severance costs	—		8		—			8		$	8
Separation costs	—		9		(9		)	—		$	9
Other exit and disposal costs	—		—		—			—		—
Fiscal 2015 Plan Total	$	—	$	17	$	(9	)	$	8	$	17
Total restructuring and separation liabilities	$	38	$	33	$	(51	)	$	20
Transition and other related costs			17
Total restructuring, separation, and transition costs			$	50
Balance Sheet:
Other current liabilities	$	37						$	19
Other long-term obligations	1							1
Total restructuring liabilities	$	38						$	20

(1) Adjustments primarily relate to foreign currency exchange rate fluctuations.

Note 6. Commitments and Contingencies

Indemnification

In the ordinary course of business, we may provide indemnifications of varying scope and terms to customers, vendors, lessors, business partners, subsidiaries and other parties with respect to certain matters, including, but not limited to, losses arising out of our breach of agreements or representations and warranties made by us. In addition, our bylaws contain indemnification obligations to our directors, officers, employees and agents, and we have entered into indemnification agreements with our directors and certain of our officers to give such directors and officers additional contractual assurances regarding the scope of the indemnification set forth in our bylaws and to provide additional procedural protections. We maintain director and officer insurance, which may cover certain liabilities arising from our obligation to indemnify our directors and officers. It is not possible to determine the aggregate maximum potential loss under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Such indemnification agreements might not be subject to maximum loss clauses. Historically, we have not incurred material costs as a result of obligations under these agreements and we have not accrued any liabilities related to such indemnification obligations in our Condensed Consolidated Financial Statements.

We provide limited product warranties and the majority of our software license agreements contain provisions that indemnify licensees of our software from damages and costs resulting from claims alleging that our software infringes on the intellectual property rights of a third party. Historically, payments made under these provisions have been immaterial. We monitor the conditions that are subject to indemnification to identify if a loss has occurred.

Litigation contingencies

During the first quarter of fiscal 2013, we were advised by the Commercial Litigation Branch of the Department of Justice’s Civil Division and the Civil Division of the U.S. Attorney’s Office for the District of Columbia that the government is investigating our compliance with certain provisions of our U.S. General Services Administration (“GSA”) Multiple Award Schedule Contract No. GS-35F-0240T effective January 24, 2007, including provisions relating to pricing, country of origin, accessibility, and the disclosure of commercial sales practices.

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As reported on the GSA’s publicly-available database, our total sales under the GSA Schedule contract were approximately $222 million from the period beginning January 2007 and ending September 2012. We have fully cooperated with the government throughout its investigation and in January 2014, representatives of the government indicated that their initial analysis of our actual damages exposure from direct government sales under the GSA schedule is approximately $145 million; since the initial meeting, the government’s analysis of our potential damages exposure relating to direct sales has increased. The government has also indicated they are going to pursue claims for certain sales to New York, California, and Florida as well as sales to the federal government through reseller GSA Schedule contracts, which could significantly increase our potential damages exposure.

In 2012, a sealed civil lawsuit was filed against Symantec related to compliance with the GSA Schedule contract and contracts with California, Florida, and New York. On July 18, 2014, the Court-imposed seal expired, and the government intervened in the lawsuit. On September 16, 2014, the states of California and Florida intervened in the lawsuit, and the state of New York notified the Court that it would not intervene. On October 3, 2014, the Department of Justice filed an amended complaint, which did not state a specific damages amount. On October 17, 2014, California and Florida combined their claims with those of the Department of Justice in an Omnibus Complaint; the state claims also do not state specific damages amounts. Symantec and the government continue to discuss potential resolutions through confidential settlement discussions.

It is possible that the litigation could lead to claims or findings of violations of the False Claims Act, and could be material to our results of operations and cash flows for any period. Resolution of False Claims Act investigations can ultimately result in the payment of somewhere between one and three times the actual damages proven by the government, plus civil penalties in some cases, depending upon a number of factors. Our current estimate of the low end of the range of the probable estimated loss from this matter is $25 million, which we have accrued. This amount contemplates estimated losses from both the investigation of compliance with the terms of the GSA Schedule contract as well as possible violations of the False Claims Act. There is at least a reasonable possibility that a loss may have been incurred in excess of our accrual for this matter, however, we are currently unable to determine a range of estimated losses resulting from this matter.

We are also involved in a number of other judicial and administrative proceedings that are incidental to our business. Although adverse decisions (or settlements) may occur in one or more of the cases, it is not possible to estimate the possible loss or losses from each of these cases. The final resolution of these lawsuits, individually or in the aggregate, is not expected to have a material adverse effect on our business, results of operations, financial condition or cash flow.

Note 7. Stock Repurchases

The following table summarizes our stock repurchase activity:

	Three Months Ended   October 3, 2014					Six Months Ended   October 3, 2014
	(In millions, except per share data)
Total number of shares repurchased				5					11
Dollar amount of shares repurchased				$	125				$	250
Average price paid per share				$	23.75				$	22.12
Range of price paid per share	$	22.42	-	$	25.30	$	19.59	-	$	25.30

Through our stock repurchase programs we have repurchased shares on a quarterly basis since the fourth quarter of fiscal 2004. During the fourth quarter of fiscal 2013, our Board of Directors authorized a $1.0 billion stock repurchase program which commenced in fiscal 2014. Our active stock repurchase program has $408 million remaining authorized for future repurchase as of October 3, 2014, and does not have an expiration date.

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Note 8. Segment Information

In fiscal 2015, we are focused on managing our businesses as a portfolio and optimizing certain businesses for margin or growth. As a result, in the second quarter of fiscal 2015 we formed a new consumer group and modified our segment reporting structure to match our operating structure based on financial information reviewed by our CODM. Consumer Security consists of our consumer businesses that were previously reported in User Productivity & Protection. Enterprise Security consists of our enterprise security businesses that were previously reported in User Productivity & Protection and Information Security. Our Information Management segment was not impacted by the change in our operating structure. The three reporting segments, which are the same as our operating segments, are as follows:

• Consumer Security: Our Consumer Security segment focuses on making it simple for customers to be productive and protected at home and at work. Our Norton-branded services provide multi-layer security and identity protection on major desktop and mobile operating systems, to defend against increasingly complex online threats to individuals, families, and small businesses.

• Enterprise Security: Our Enterprise Security segment protects organizations so they can securely conduct business while leveraging new platforms and data. These products include our Secure Socket Layer ("SSL") Certificates, authentication, mail and web security, data center security, data loss prevention, information security services, endpoint security and management, encryption, and mobile offerings.

• Information Management: Our Information Management segment focuses on backup and recovery, archiving and eDiscovery, storage and high availability solutions, ensuring that our customers’ IT infrastructure and mission-critical applications are protected, managed and available.

There were no intersegment sales during the three and six months ended October 3, 2014 or September 27, 2013. Reclassifications of prior period information have been made to conform to the current period presentation. The following table summarizes the operating results of our reporting segments:

	Consumer Security			Enterprise   Security			Information     Management			Total Segments
	(Dollars in millions)
Three Months Ended October 3, 2014
Net revenue	$	485		$	511		$	621		$	1,617
Percentage of total net revenue	30		%	32		%	38		%	100		%
Operating income	257			85			122			464
Operating margin	53		%	17		%	20		%
Three Months Ended September 27, 2013
Net revenue	$	518		$	517		$	602		$	1,637
Percentage of total net revenue	32		%	31		%	37		%	100		%
Operating income	225			80			145			450
Operating margin	43		%	15		%	24		%
Six Months Ended October 3, 2014
Net revenue	$	1,018		$	1,063		$	1,271		$	3,352
Percentage of total net revenue	30		%	32		%	38		%	100		%
Operating income	525			155			211			891
Operating margin	52		%	15		%	17		%
Six Months Ended September 27, 2013
Net revenue	$	1,042		$	1,061		$	1,243		$	3,346
Percentage of total net revenue	31		%	32		%	37		%	100		%
Operating income	449			138			293			880
Operating margin	43		%	13		%	24		%

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Operating segments are based upon the nature of the business and how the business is managed. Our CODM uses financial information to evaluate the performance of, and to assign resources to, each of the operating segments. We do not allocate to the operating segments certain operating expenses, which we manage separately at the corporate level. These unallocated costs can include amortization of intangible assets, restructuring, separation, and transition charges, stock-based compensation expense, and acquisition-related charges.

The reconciliation of total segment operating income to total consolidated operating income is as follows:

	Three Months Ended				Six Months Ended
	October 3, 2014		September 27, 2013		October 3, 2014		September 27, 2013
	(Dollars in millions)
Total segment operating income	$	464	$	450	$	891	$	880
Reconciling items:
Stock-based compensation	46		38		89		77
Amortization of intangibles	40		42		82		128
Restructuring, separation, and transition	30		122		50		203
Total consolidated operating income	$	348	$	248	$	670	$	472

Note 9. Stock-Based Compensation

The following table sets forth the total stock-based compensation expense recognized in our Condensed Consolidated Statements of Income:

	Three Months Ended						Six Months Ended
	October 3, 2014			September 27, 2013			October 3, 2014			September 27, 2013
	(Dollars in millions)
Cost of revenue	$	6		$	4		$	12		$	8
Sales and marketing	18			15			35			29
Research and development	15			12			28			25
General and administrative	7			7			14			15
Total stock-based compensation expense	46			38			89			77
Tax benefit associated with stock-based compensation expense	(14		)	(10		)	(26		)	(21		)
Net stock-based compensation expense	$	32		$	28		$	63		$	56
Net stock-based compensation expense per share — basic	$	0.05		$	0.04		$	0.09		$	0.08
Net stock-based compensation expense per share — diluted	$	0.05		$	0.04		$	0.09		$	0.08

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The following table summarizes additional information pertaining to our stock-based compensation:

	Six Months Ended
	October 3, 2014		September 27, 2013
	(Dollars in millions, except per grant data)
Restricted stock
Weighted-average fair value per grant	$	21.48	$	24.23
Fair value of awards granted	$	267	$	63
Total fair value of awards vested	$	87	$	89
Total unrecognized compensation expense	$	367	$	208
Weighted-average remaining vesting period	3 years		2 years
Performance-based restricted stock
Weighted-average fair value per grant	$	26.30	$	19.04
Fair value of awards granted	$	44	$	33
Total fair value of awards vested	$	21	$	12
Total unrecognized compensation expense	$	21	$	33
Weighted-average remaining vesting period	2 years		2 years
Stock options
Weighted-average fair value per grant	$	—	$	—
Total intrinsic value of stock options exercised	$	6	$	48
Total unrecognized compensation expense	$	2	$	9
Weighted-average remaining vesting period	1 year		1 year

Performance-based restricted stock units

Our Board of Directors appointed Michael A. Brown as our new President and Chief Executive Officer ("CEO"), effective September 24, 2014. During the second quarter of fiscal 2015, we granted 344,717 performance-based restricted stock units, ("PRUs") to our new CEO which had a fair value of $11 million. These PRUs are subject to vesting based on the Company’s achievement of (1) targeted non-GAAP earnings per share for fiscal 2015 and (2) the achievement of the total shareholder return (“TSR”) ranking for the Company as compared to the S&P 500 for the 2 year period ending at the end of fiscal 2016 and for the three year period ending at the end of fiscal 2017. The fair value of these PRUs was calculated using a Monte Carlo simulation option pricing model. Additionally, we granted 147,736 restricted stock units (“RSUs”) to Mr. Brown that will vest in three annual installments beginning on September 1, 2015. The compensation expense is amortized ratably over the requisite service period.

Note 10. Income Taxes

The effective tax rate was approximately 27% and 25% for the three and six months ended October 3, 2014, and 4% and 15% for the three and six months ended September 27, 2013, respectively.

For the three and six months ended October 3, 2014, the tax expense was reduced by $3 million and $20 million, respectively, in tax benefits primarily resulting from tax settlements, lapses of statutes of limitations, and prior year items.

For the three and six months ended September 27, 2013, the tax provision was reduced by $33 million for the resolution of a tax matter related to the sale of our 49% ownership interest in the joint venture with Huawei during the fourth quarter of fiscal 2012, as well as by $24 million for tax benefits related to the settlement of the Symantec 2005 through 2008 Internal Revenue Service (“IRS”) audit. The tax provision for the three and six months ended September 27, 2013 was further reduced by $8 million and $11 million in tax benefits, respectively, primarily resulting from individually insignificant tax settlements, lapses of statutes of limitations, and prior year items. These tax benefits were offset by $6 million and $12 million in tax expense, for the three and six months ended September 27, 2013, respectively, resulting from the sale of short-term investments.

The provision for the three and six months ended October 3, 2014 and September 27, 2013 otherwise reflects a forecasted tax rate of 27% and 29%, for each period, respectively. The forecasted tax rates for all periods presented reflect the benefits of

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lower-taxed international earnings and domestic manufacturing incentives, partially offset by state income taxes. The forecasted tax rate for the period ended September 27, 2013 includes the partial benefit of the U.S. federal research and development tax credit which expired on December 31, 2013.

We are a U.S.-based multinational company subject to tax in multiple U.S. and international tax jurisdictions. A substantial portion of our international earnings were generated from subsidiaries organized in Ireland and Singapore. Our results of operations would be adversely affected to the extent that our geographical mix of income becomes more weighted toward jurisdictions with higher tax rates and would be favorably affected to the extent the relative geographic mix shifts to lower tax jurisdictions. Any change in our mix of earnings is dependent upon many factors and is therefore difficult to predict.

The timing of the resolution of income tax examinations is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Although potential resolution of uncertain tax positions involve multiple tax periods and jurisdictions, it is reasonably possible that the gross unrecognized tax benefits related to these audits could decrease, whether by payment, remeasurement, and/or release in the next 12 months, by between $30 million and $150 million. Depending on the nature and timing of such settlements and expiration of statutes of limitations during the next 12 months, we estimate between $15 million and $70 million could affect our income tax provision and therefore benefit the resulting effective tax rate. As of October 3, 2014, we have $127 million on deposit with the IRS pertaining to U.S. tax matters in the Symantec fiscal 2009 through 2013 audit cycle, and it is reasonably possible that additional cash payments between $15 million and $65 million will be made in the next 12 months.

We continue to monitor the progress of ongoing tax controversies and the impact, if any, of the expected expiration of the statute of limitations in various taxing jurisdictions.

Note 11. Earnings Per Share

The components of earnings per share are as follows:

	Three Months Ended				Six Months Ended
	October 3, 2014		September 27, 2013		October 3, 2014		September 27, 2013
	(In millions, except per grant data)
Net income	$	244	$	241	$	480	$	398
Net income per share — basic	$	0.35	$	0.34	$	0.69	$	0.57
Net income per share — diluted	$	0.35	$	0.34	$	0.69	$	0.56
Weighted-average outstanding common shares — basic	690		699		691		698
Dilutive potential shares issuable from assumed exercise of stock options	1		2		1		2
Dilutive potential shares related to stock award plans	5		6		5		7
Weighted-average shares outstanding — diluted	696		707		697		707
Anti-dilutive weighted-average stock options	1		3		2		4
Anti-dilutive weighted-average restricted stock	—		—		—		—

Note 12. Subsequent Event

The Planned Separation of Information Management from the Security Business

On October 9, 2014, we announced plans to separate our business into two independent publicly-traded companies: one focused on security and one focused on information management. The transaction is intended to take the form of a tax-free distribution to Symantec shareholders of 100% of the capital stock of our information management business. We expect to complete the transaction by the end of December 2015, subject to market, regulatory and certain other conditions. John Gannon has been appointed as General Manager of the information management business, and Don Rath has been appointed as acting Chief Financial Officer. After the transaction, Michael Brown and Thomas Seifert will continue to lead Symantec as Chief Executive Officer and Chief Financial Officer, respectively. For additional cost information, see Note 5.

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Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements and Factors That May Affect Future Results

The discussion below contains forward-looking statements, which are subject to safe harbors under the Securities Act of 1933, as amended (the “Securities Act”), or the Securities Act, and the Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include references to our ability to utilize our deferred tax assets, as well as statements including words such as “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” and similar expressions. In addition, statements that refer to projections of our future financial performance, anticipated growth and trends in our businesses and in our industries, the anticipated impacts of acquisitions, our intent to pay quarterly cash dividends in the future, the actions we intend to take as part of our new strategy, the expected impact of our new strategy and other characterizations of future events or circumstances are forward-looking statements. These statements are only predictions, based on our current expectations about future events and may not prove to be accurate. We do not undertake any obligation to update these forward-looking statements to reflect events occurring or circumstances arising after the date of this report. These forward-looking statements involve risks and uncertainties, and our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements on the basis of several factors, including those that we discuss in Risk Factors, set forth in Part I, Item 1A, of our annual report on Form 10-K for the fiscal year ended March 28, 2014 and in Item 1A of this quarterly report on Form 10-Q. We encourage you to read that section carefully.

Fiscal Calendar

We have a 52/53-week fiscal accounting year ending on the Friday closest to March 31. The three and six months ended October 3, 2014 consisted of 13 and 27 weeks, respectively. The three and six months ended September 27, 2013 consisted of 13 and 26 weeks, respectively.

OVERVIEW

Our Business

Symantec Corporation protects the world’s information and is a global leader in security, backup and availability solutions. Our market leading products and services protect people and information in any environment – from the smallest mobile device, to the enterprise data center, to cloud-based systems.

Strategy

We operate a global civilian cyber intelligence threat network and track a vast number of threats across the Internet from hundreds of millions of mobile devices, endpoints and servers across the globe. We believe one of our competitive advantages is our database of threat indicators which allows us to reduce the number of false positives and provide faster and better protection for customers through all of our products.

We are leveraging our capabilities in advanced threat protection and data loss prevention and extending them into our core security offerings. We are also pioneering new solutions in growing markets like mobile, cloud, appliances, backup, data loss prevention, and managed security services.

In fiscal 2015, we are focused on five priorities: optimizing certain businesses for operating margin, prioritizing investments for growth, further reducing costs and improving efficiencies, attracting top talent to our executive team, and continuing to return significant cash to shareholders. We are optimizing some of our businesses by methodically evaluating every product line to balance our profitability targets against our objectives. In order to prioritize investments for growth, we are realigning our research and development budgets to apply the best resources to the most promising market opportunities. To further reduce costs and improve efficiencies, we are consolidating our global footprint, data centers, and product support capabilities as well as streamlining the way we run our businesses with initiatives to increase research and development efficiencies and sales productivity. We are focused on attracting talented business and technology leaders to the company. We remain committed to returning significant cash to shareholders in the form of dividends and share buybacks.

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Recent Developments

The Planned Separation of Information Management from the Security Businesses

On October 9, 2014, we announced plans to separate our business into two independent publicly-traded companies: one focused on security and one focused on information management. The transaction is intended to take the form of a tax-free distribution to Symantec shareholders of 100% of the capital stock of our information management business. We expect to complete the transaction by the end of December 2015, subject to market, regulatory and certain other conditions. John Gannon has been appointed as General Manager of the information management business, and Don Rath has been appointed as acting Chief Financial Officer. After the transaction, Michael Brown and Thomas Seifert will continue to lead Symantec as Chief Executive Officer and Chief Financial Officer, respectively. For additional cost information, see Note 5.

Change in Management

On September 25, 2014, our Board of Directors appointed Michael Brown, previously interim Chief Executive Officer, as President and Chief Executive Officer.

Our Operating Segments

Our operating segments are significant strategic business units that offer different products and services distinguished by customer needs. In the second quarter of fiscal 2015, we modified our segment reporting structure to match our new operating structure. The three reporting segments which are the same as our operating segments are:

• Consumer Security: Our Consumer Security segment focuses on making it simple for customers to be productive and protected at home and at work. Our Norton-branded services provide multi-layer security and identity protection on major desktop and mobile operating systems, to defend against increasingly complex online threats to individuals, families, and small businesses.

• Enterprise Security: Our Enterprise Security segment protects organizations so they can securely conduct business while leveraging new platforms and data. These products include our SSL Certificates, authentication, mail and web security, data center security, data loss prevention, information security services, endpoint security and management, encryption, and mobile offerings.

• Information Management: Our Information Management segment focuses on backup and recovery, archiving and eDiscovery, storage and high availability solutions, ensuring that our customers' IT infrastructure and mission-critical applications are protected, managed and available.

Financial Results and Trends

Total revenue decreased by $20 million for the three months ended October 3, 2014, as compared to the same period last year, primarily due to declines in our content, subscription and maintenance revenue. Content, subscription, and maintenance revenue decreased by $54 million for the three months ended October 3, 2014, as compared to the same period last year, primarily due to weakness in our information availability offerings and declines in our core consumer security businesses. We experienced license revenue growth for the three and six months ended October 3, 2014, as compared to the same period last year, primarily due to growth in our NetBackup appliances.

Revenue decreased domestically for the three and six months ended October 3, 2014, while international revenue experienced a net revenue increase for the six months ended October 3, 2014, in each case as compared to the same period last year. The increase in international revenue was due to a favorable foreign currency fluctuation of $24 million in the Europe, Middle East, and Africa ("EMEA") region.

Gross margins remained constant at 83% and 82% during the three and six months ended October 3, 2014, respectively, when compared to the same period last year. Additionally, total cost of revenue remained relatively consistent for the three months ended October 3, 2014, as compared to the same period in the prior year.

Operating expenses declined by $114 million and $195 million for the three and six months ended October 3, 2014, respectively, as compared to the same period in the prior year, primarily due to lower restructuring costs.

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We expect our operating margins to fluctuate in future periods as a result of a number of factors, including our operating results and the timing and amount of expenses incurred.

Critical Accounting Estimates

There have been no material changes in the matters for which we make critical accounting estimates in the preparation of our Condensed Consolidated Financial Statements during the three and six months ended October 3, 2014, as compared to those disclosed in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014.

RESULTS OF OPERATIONS

Total Net Revenue

	Three Months Ended											Six Months Ended
	October 3, 2014			September 27, 2013			Change in					October 3, 2014			September 27, 2013			Change in
							$			%								$		%
	(Dollars in millions)
Content, subscription, and maintenance revenue	$	1,445		$	1,499		$	(54	)	(4)	%	$	3,019		$	3,019		$	—	—	%
Percentage of total net revenue	89		%	92		%						90		%	90		%
License revenue	172			138			34			25	%	333			327			6		2	%
Percentage of total net revenue	11		%	8		%						10		%	10		%
Total	$	1,617		$	1,637		$	(20	)	(1)	%	$	3,352		$	3,346		$	6	—	%

Content, subscription and maintenance revenue represented 89% and 90% of total net revenue for the three and six months ended October 3, 2014, respectively. Our content, subscription and maintenance revenue decreased by $54 million for the three months ended October 3, 2014, compared to the same period last year, primarily due to weakness in our information availability offerings and declines in our core consumer security businesses. Content, subscription and maintenance revenue remained consistent for the six months ended October 3, 2014, compared to the same period last year.

Our license revenue, which includes sales from software licenses, appliances, and certain revenue-sharing arrangements, increased by $34 million and $6 million during the three and six months ended October 3, 2014, respectively, compared to the same period last year. The license revenue growth was primarily due to growth in our NetBackup appliances.

Net Revenue and Operating Income by Segment

Consumer Security Segment

	Three Months Ended											Six Months Ended
	October 3, 2014			September 27, 2013			Change in					October 3, 2014			September 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Consumer Security revenue	$	485		$	518		$	(33	)	(6)	%	$	1,018		$	1,042		$	(24	)	(2)	%
Percentage of total net revenue	30		%	32		%						30		%	31		%
Consumer Security operating income	$	257		$	225		$	32		14	%	$	525		$	449		$	76		17	%
Consumer Security operating margin	53		%	43		%						52		%	43		%

Consumer Security revenue decreased by $33 million and $24 million for the three and six months ended October 3, 2014, respectively, as compared to the same period last year. The consumer security revenue decrease was primarily due to declines

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in our core consumer security products driven by our channel strategy to exit certain high-cost and unprofitable original equipment manufacturer ("OEM") arrangements, coupled with the impact of our decision to change our renewal practices.

Consumer Security operating income increased $32 million and $76 million for the three and six months ended October 3, 2014, respectively, as compared to the same period last year, primarily due to reductions in advertising and promotion costs.

Enterprise Security Segment

	Three Months Ended											Six Months Ended
	October 3, 2014			September 27, 2013			Change in					October 3, 2014			September 27, 2013			Change in
							$			%								$		%
	(Dollars in millions)
Enterprise Security revenue	$	511		$	517		$	(6	)	(1)	%	$	1,063		$	1,061		$	2	—	%
Percentage of total net revenue	32		%	31		%						32		%	32		%
Enterprise Security operating income	$	85		$	80		$	5		6	%	$	155		$	138		$	17	12	%
Enterprise Security operating margin	17		%	15		%						15		%	13		%

Enterprise Security revenue remained relatively consistent for the three and six months ended October 3, 2014, respectively, as compared to the same period last year, as growth in our endpoint security products was largely offset by weakness in our endpoint management products.

Enterprise Security operating income increased $5 million and $17 million for the three and six months ended October 3, 2014, respectively, as compared to the same period last year primarily due to reductions in outside services costs.

Information Management Segment

	Three Months Ended											Six Months Ended
	October 3, 2014			September 27, 2013			Change in					October 3, 2014			September 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Information Management revenue	$	621		$	602		$	19		3	%	$	1,271		$	1,243		$	28		2	%
Percentage of total net revenue	38		%	37		%						38		%	37		%
Information Management operating income	$	122		$	145		$	(23	)	(16)	%	$	211		$	293		$	(82	)	(28)	%
Information Management operating margin	20		%	24		%						17		%	24		%

Information Management revenue increased $19 million and $28 million for the three and six months ended October 3, 2014, respectively, when compared to the same period last year, primarily due to an increase in revenue from our NetBackup appliances offset by weakness in our information availability offerings and Backup Exec products.

Information Management operating income decreased $23 million and $82 million for the three and six months ended October 3, 2014, respectively, when compared to the same period last year, driven by increases in headcount related expenses as well as increases in equipment costs related to our appliance offerings.

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Net Revenue by Geography

	Three Months Ended											Six Months Ended
	October 3, 2014			September 27, 2013			Change in					October 3, 2014			September 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Americas (U.S., Canada and Latin America)
Consumer segment	$	279		$	297		$	(18	)	(6)	%	$	586		$	608		$	(22	)	(4)	%
Enterprise Security segment	271			279			(8		)	(3)	%	562			568			(6		)	(1)	%
Information Management segment	334			314			20			6	%	676			647			29			4	%
Total Americas	$	884		$	890		$	(6	)	(1)	%	$	1,824		$	1,823		$	1		—	%
Percentage of total net revenue	55		%	54		%						55		%	54		%
EMEA (Europe, Middle East, Africa)
Consumer segment	$	135		$	142		$	(7	)	(5)	%	$	283		$	278		$	5		2	%
Enterprise Security segment	141			135			6			4	%	291			278			13			5	%
Information Management segment	179			180			(1		)	(1)	%	376			371			5			1	%
Total EMEA	$	455		$	457		$	(2	)	—	%	$	950		$	927		$	23		2	%
Percentage of total net revenue	28		%	28		%						28		%	28		%
Asia Pacific/Japan
Consumer segment	$	71		$	79		$	(8	)	(10)	%	$	149		$	156		$	(7	)	(4)	%
Enterprise Security segment	99			103			(4		)	(4)	%	210			215			(5		)	(2)	%
Information Management segment	108			108			—			—	%	219			225			(6		)	(3)	%
Total Asia Pacific/Japan	$	278		$	290		$	(12	)	(4)	%	$	578		$	596		$	(18	)	(3)	%
Percentage of total net revenue	17		%	18		%						17		%	18		%
Total	$	1,617		$	1,637		$	(20	)	(1)	%	$	3,352		$	3,346		$	6		—	%
U.S.	$	770		$	789		$	(19	)	(2)	%	$	1,602		$	1,619		$	(17	)	(1)	%
U.S. percentage of total net revenue	48		%	48		%						48		%	48		%
International	847			848			(1		)	—	%	1,750			1,727			23			1	%
International percentage of total net revenue	52		%	52		%						52		%	52		%
Total	$	1,617		$	1,637		$	(20	)	(1	)%	$	3,352		$	3,346		$	6		—	%

Revenue decreased domestically during the three and six months ended October 3, 2014. The EMEA region revenue increased for the six months ended October 3, 2014, when compared to the same period last year, due to a favorable foreign currency fluctuation of $24 million. The Asia Pacific and Japan region included an unfavorable foreign currency fluctuation of $8 million for the six months ended October 3, 2014, compared to the same period last year.

Our international sales are expected to continue to be a significant portion of our revenue. As a result, revenue is expected to continue to be affected by foreign currency exchange rates as compared to the U.S. dollar. We are unable to predict the extent to which revenue in future periods will be impacted by changes in foreign currency exchange rates. If international sales become a greater portion of our total sales in the future, changes in foreign currency exchange rates may have a potentially greater impact on our revenue and operating results.

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Cost of Revenue

	Three Months Ended											Six Months Ended
	October 3, 2014			September 27, 2013			Change in					October 3, 2014			September 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Cost of content, subscription, and maintenance	$	240		$	252		$	(12	)	(5)	%	$	509		$	515		$	(6	)	(1)	%
As a percentage of related revenue	17		%	17		%						17		%	17		%
Cost of license	25			19			6			32	%	52			41			11			27	%
As a percentage of related revenue	15		%	14		%						16		%	13		%
Amortization of intangible assets	13			13			—			—	%	26			28			(2		)	(7)	%
As a percentage of total net revenue	1		%	1		%						1		%	1		%
Total	$	278		$	284		$	(6	)	(2)	%	$	587		$	584		$	3		1	%
Gross margin	83		%	83		%						82		%	83		%

Cost of content, subscription, and maintenance consists primarily of technical support costs, costs of billable services, and fees to OEMs under revenue-sharing agreements. Cost of license consists primarily of royalties paid to third parties under technology licensing agreements, appliance manufacturing costs, and other direct material costs. Our total cost of revenue remained relatively consistent for the three and six months ended October 3, 2014, compared to the same period last year. Cost of license increased for the three and six months ended October 3, 2014, compared to the same period last year, primarily due to direct costs associated with our appliance offerings.

Operating Expenses

	Three Months Ended											Six Months Ended
	October 3, 2014			September 27, 2013			Change in					October 3, 2014			September 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Sales and marketing expense	$	565		$	592		$	(27	)	(5)	%	$	1,209		$	1,244		$	(35	)	(3)	%
Percentage of total net revenue	35		%	36		%						36		%	37		%
Research and development expense	276			248			28			11	%	584			510			74			15	%
Percentage of total net revenue	17		%	15		%						17		%	15		%
General and administrative expense	93			114			(21		)	(18)	%	196			233			(37		)	(16)	%
Percentage of total net revenue	6		%	7		%						6		%	7		%
Amortization of intangible assets	27			29			(2		)	(7)	%	56			100			(44		)	(44)	%
Percentage of total net revenue	2		%	2		%						2		%	3		%
Restructuring, separation, and transition expense	30			122			(92		)	(75)	%	50			203			(153		)	(75)	%
Percentage of total net revenue	2		%	7		%						2		%	6		%
Total	$	991		$	1,105		$	(114	)	(10)	%	$	2,095		$	2,290		$	(195	)	(9)	%

Sales and marketing expense decreased for the three and six months ended October 3, 2014, as compared to the same period last year, primarily due to lower OEM royalty fees of $36 million and $70 million, respectively. This decline for the three

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months ended October 3, 2014 was partially offset by an increase of $5 million in salaries and wages. The decline for the six months ended October 3, 2014 was partially offset by an increase of $30 million in marketing expenses.

Research and development expense increased for the three months ended October 3, 2014, as compared to the same period last year, due to higher information technology and equipment costs of $10 million and an increase in other expenses of $9 million. Research and development expense increased for the six months ended October 3, 2014, as compared to the same period last year, due to higher salaries and wages of $17 million, higher equipment costs of $18 million and an increase in information technology and telecom costs of $14 million.

General and administrative expense decreased for the three and six months ended October 3, 2014, as compared to the same period last year, primarily due to a reduction of outside services usage of $14 million and $26 million, respectively.

Amortization of intangible assets decreased by $44 million for the six months ended October 3, 2014, as compared to the same period last year, as a result of various customer relationship intangibles becoming fully amortized at the end of the June 28, 2013 quarter.

Restructuring, separation, and transition costs decreased by $92 million and $153 million for the three and six months ended October 3, 2014, respectively, as compared to the same period last year, as a result of the restructuring plan initiated in the fourth quarter fiscal 2013, which was substantially completed as of end of the year ended March 28, 2014.

The foreign currency effects on our operating expenses remained relatively consistent for the three and six months ended October 3, 2014, as compared to the same period last year.

Non-Operating Income (Expense), net

	Three Months Ended											Six Months Ended
	October 3, 2014			September 27, 2013			Change in					October 3, 2014			September 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Interest income	$	3		$	3							$	6		$	6
Interest expense	(19		)	(20		)						(40		)	(45		)
Other income, net	1			20								2			38
Total	$	(15	)	$	3		$	(18	)	(600)	%	$	(32	)	$	(1	)	$	(31	)	3,100	%
Percentage of total net revenue	(1)		%	—		%						(1)		%	—		%

Non-operating expense, net, decreased for the three and six months ended October 3, 2014, compared to the same period last year, due to a realized gain from sale of short-term investments of $16 million and $32 million during the three and six months ended September 27, 2013, respectively.

Provision for Income Taxes

	Three Months Ended										Six Months Ended
	October 3, 2014			September 27, 2013			Change in				October 3, 2014			September 27, 2013			Change in
							$		%								$		%
	(Dollars in millions)
Provision for income taxes	$	89		$	10		$	79	790	%	$	158		$	73		$	85	116	%
Effective tax rate on earnings	27		%	4		%					25		%	15		%

The effective tax rate was approximately 27% and 25% for the three and six months ended October 3, 2014, and 4% and 15% for the three and six months ended September 27, 2013, respectively. For the three and six months ended October 3, 2014, the tax expense was reduced by $3 million and $20 million, respectively, in tax benefits primarily resulting from tax settlements, lapses of statutes of limitations, and prior year items. For further information on our effective tax rate, see Note 10 of the Notes to the Condensed Consolidated Financial Statements.

For the three and six months ended September 27, 2013, the tax provision was reduced by $33 million for the resolution of a tax matter related to the sale of our 49% ownership interest in the joint venture with Huawei during the fourth quarter of fiscal

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2012, as well as by $24 million for tax benefits related to the settlement of the Symantec 2005 through 2008 Internal Revenue Service (“IRS”) audit. The tax provision for the three and six months ended September 27, 2013 was further reduced by $8 million and $11 million in tax benefits, respectively, primarily resulting from individually insignificant tax settlements, lapses of statutes of limitations, and prior year items. These tax benefits were offset by $6 million and $12 million in tax expense, for the three and six months ended September 27, 2013, respectively, resulting from the sale of short-term investments.

The provision for the three and six months ended October 3, 2014 and September 27, 2013 otherwise reflects a forecasted tax rate of 27% and 29%, for each period respectively. The forecasted tax rates for all periods presented reflect the benefits of lower-taxed international earnings and domestic manufacturing incentives, partially offset by state income taxes. The forecasted tax rate for the period ended September 27, 2013 includes the partial benefit of the U.S. federal Research and Development tax credit which expired on December 31, 2013.

We are a U.S.-based multinational company subject to tax in multiple U.S. and international tax jurisdictions. A substantial portion of our international earnings were generated from subsidiaries organized in Ireland and Singapore. Our results of operations would be adversely affected to the extent that our geographical mix of income becomes more weighted toward jurisdictions with higher tax rates and would be favorably affected to the extent the relative geographic mix shifts to lower tax jurisdictions. Any change in our mix of earnings is dependent upon many factors and is therefore difficult to predict.

The timing of the resolution of income tax examinations is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Although potential resolution of uncertain tax positions involve multiple tax periods and jurisdictions, it is reasonably possible that the gross unrecognized tax benefits related to these audits could decrease, whether by payment, remeasurement, and/or release in the next 12 months, by between $30 million and $150 million. Depending on the nature and timing of such settlements and expiration of statutes of limitations during the next 12 months, we estimate between $15 million and $70 million could affect our income tax provision and therefore benefit the resulting effective tax rate. As of October 3, 2014, we have $127 million on deposit with the IRS pertaining to U.S. tax matters in the Symantec fiscal 2009 through 2013 audit cycle, and it is reasonably possible that additional cash payments between $15 million and $65 million will be made in the next 12 months. We continue to monitor the progress of ongoing tax controversies and the impact, if any, of the expected expiration of the statute of limitations in various taxing jurisdictions.

LIQUIDITY AND CAPITAL RESOURCES

Sources of Cash

We have historically relied on cash flow from operations, borrowings under a credit facility, and issuances of debt and equity securities for our liquidity needs. As of October 3, 2014, we had cash, cash equivalents and short term investments of $3.8 billion and an unused credit facility of $1.0 billion resulting in a liquidity position of approximately $4.8 billion. As of October 3, 2014, $2.5 billion in cash and cash equivalents were held by our foreign subsidiaries. We have provided U.S. deferred taxes on a portion of our undistributed foreign earnings sufficient to address the incremental U.S. tax that would be due if we needed such portion of these funds to support our operations in the U.S.

Senior Notes:  In the first quarter of fiscal 2013, we issued $600 million in principal amount of 2.75% senior notes due June 15, 2017, and $400 million in principal amount of 3.95% senior notes due June 15, 2022, for an aggregate principal amount of $1.0 billion. In the second quarter of fiscal 2011, we issued $350 million in principal amount of 2.75% senior notes due September 15, 2015, and $750 million in principal amount of 4.20% senior notes due September 15, 2020, for an aggregate principal amount of $1.1 billion.

Revolving Credit Facility:  In the second quarter of fiscal 2011, we entered into a $1.0 billion senior unsecured revolving credit facility (“credit facility”), which was amended in the first quarter of 2013 to extend the term to June 7, 2017. Under the terms of this credit facility, we must comply with certain financial and non-financial covenants, including a debt to EBITDA (earnings before interest, taxes, depreciation and amortization) covenant. As of October 3, 2014, we were in compliance with all required covenants, and there was no outstanding balance on the credit facility.

We believe that our existing cash and investment balances, our available revolving credit facility, our ability to issue new debt instruments, and cash generated from operations will be sufficient to meet our working capital and capital expenditure requirements, as well as fund any cash dividends, principal and interest payments on debt, and repurchases of our stock, for at least the next 12 months and foreseeable future. Since the beginning of fiscal 2014, we have implemented a capital allocation

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strategy pursuant to which we expect to return over time approximately 50% of free cash flow to stockholders through a combination of dividends and share repurchases, while still enabling our company to invest in its future. Our strategy emphasizes organic growth through internal innovation and will be complemented by acquisitions that fit strategically and meet specific internal profitability hurdles.

Uses of Cash

Our principal cash requirements include working capital, capital expenditures, payments of principal and interest on our debt, and payments of taxes. Also, we may, from time to time, engage in the open market purchase of our notes prior to their maturity. Furthermore, our capital allocation strategy contemplates a quarterly cash dividend. In addition, we regularly evaluate our ability to repurchase stock, pay debts and acquire other businesses.

Stock Repurchases: For the six months ended October 3, 2014, we repurchased 11 million shares, or $250 million, of our common stock. During the six months ended September 27, 2013, we repurchased 10 million shares, or $250 million, of our common stock. Our active stock repurchase program had $408 million remaining authorized for future repurchase as of October 3, 2014, with no expiration date.

Dividend Program:  During the six months ended October 3, 2014, we declared and paid a cash dividend of $0.30 per common share for a total of $207 million. Each quarterly dividend was recorded as a reduction to additional paid-in capital. In addition, our Board of Directors approved dividend equivalent rights entitling holders of restricted stock and performance-based stock to dividend equivalents to be paid in the form of cash upon vesting, for each share of the underlying units. During the six months ended September 27, 2013, we declared and paid cash dividends of $0.30 per common share for a total of $210 million. On November 5, 2014, we declared a cash dividend of $0.15 per share of common stock to be paid on December 17, 2014 to stockholders of record as of the close of business on November 24, 2014. All shares of common stock issued and outstanding, and unvested restricted stock and performance-based stock, as of the record date will be entitled to the dividend and dividend equivalents, respectively. Any future dividends and dividend equivalents will be subject to the approval of our Board of Directors.

Restructuring Plan: Our Board of Directors has approved the strategic decision to separate our business into two independent publicly-traded companies: one focused on security and one focused on information management. We expect to complete this transaction by the end of December 2015, subject to market, regulatory and certain other conditions. In order to separate the business, we initiated a restructuring plan to properly align personnel and expect to incur associated severance and facilities costs. We also expect to incur separation costs in the form of advisory, consulting and disentanglement expenses. These actions are expected to be completed in fiscal 2016. In connection with this plan, through October 3, 2014, we incurred charges of $17 million consisting of $8 million related to severance costs, and $9 million in separation costs. As of November 3, 2014, we expect to incur total severance and facilities costs between $100 million and $120 million, approximately half of which is expected to be incurred in fiscal 2015. We expect to incur separation costs between $80 million and $100 million, excluding any potential tax implications outside the U.S and potential advisor fees payable upon separation. Total restructuring and separation costs are expected to be between $180 million and $220 million. As a result of the restructuring, we expect headcount reductions of approximately 10%.

Cash Flows

The following table summarizes, for the periods indicated, selected items in our Condensed Consolidated Statements of Cash Flows:

	Six Months Ended
	October 3, 2014			September 27, 2013
	(Dollars in millions)
Net cash provided by (used in):
Operating activities	$	466		$	503
Investing activities	(722		)	(170		)
Financing activities	(404		)	(1,317		)

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We expect cash from our operating, investing, and financing activities to fluctuate in future periods as a result of a number of factors, including the timing of our billings and collections, our operating results and the timing and amount of tax and other liability payments.

Operating Activities

Net cash provided by operating activities was $466 million for the six months ended October 3, 2014, which resulted from net income of $480 million adjusted for non-cash items, including depreciation and amortization of $229 million, as well as net changes in trade receivables resulting in inflows of $268 million. These amounts were partially offset by decreases in deferred revenue of $374 million, accrued compensation of $50 million, and income taxes payable of $101 million.

Net cash provided by operating activities was $503 million for the six months ended September 27, 2013, which resulted from net income of $398 million adjusted for non-cash items, including depreciation and amortization charges of $272 million, as well as net changes in trade receivables resulting in inflows of $465 million. These amounts were partially offset by decreases in deferred revenue of $556 million and accrued compensation of $110 million.

Investing Activities

Net cash used in investing activities was $722 million for the six months ended October 3, 2014, and was primarily due to the purchase of $1.1 billion of short-term investments and payments of $199 million for capital expenditures, partially offset by $411 million from maturities in short-term investments, and $156 million from sales of our short-term investments.

Net cash used in investing activities was $170 million for the six months ended September 27, 2013, and was primarily due to payments of $118 million for capital expenditures, and the purchase of $102 million of short-term investments, offset by $67 million in net proceeds from the sale of our short-term investments.

Financing Activities

Net cash used in financing activities was $404 million for the six months ended October 3, 2014, and was primarily due to repurchases of our common stock of $250 million and dividend payments of $207 million, partially offset by proceeds from sales of common stock under employee stock plans of $66 million.

Net cash used in financing activities was $1.3 billion for the six months ended September 27, 2013, and was primarily due to the repayment of our 1.00% notes of $1.2 billion, repurchases of our common stock of $250 million and a dividend payment of $210 million, partially offset by proceeds from the exercise of our note hedge of $189 million and proceeds from sales of common stock under employee stock plans of $160 million.

Contractual Obligations

There have been no significant changes during the six months ended October 3, 2014 to the contractual obligations disclosed in Management’s Discussion and Analysis of Financial Condition and Results of Operations, set forth in Part II, Item 7, of our Annual Report on Form 10-K for the fiscal year ended March 28, 2014.

Indemnifications

In the ordinary course of business, we may provide indemnifications of varying scope and terms to customers, vendors, lessors, business partners, subsidiaries and other parties with respect to certain matters, including, but not limited to, losses arising out of our breach of agreements or representations and warranties made by us. In addition, our bylaws contain indemnification obligations to our directors, officers, employees and agents, and we have entered into indemnification agreements with our directors and certain of our officers to give such directors and officers additional contractual assurances regarding the scope of the indemnification set forth in our bylaws and to provide additional procedural protections. We maintain director and officer insurance, which may cover certain liabilities arising from our obligation to indemnify our directors and officers. It is not possible to determine the aggregate maximum potential loss under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Such indemnification agreements might not be subject to maximum loss clauses. Historically, we have not incurred material costs as a result of obligations under these agreements and we have not accrued any liabilities related to such indemnification obligations in our Condensed Consolidated Financial Statements.

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We provide limited product warranties and the majority of our software license agreements contain provisions that indemnify licensees of our software from damages and costs resulting from claims alleging that our software infringes on the intellectual property rights of a third party. Historically, payments made under these provisions have been immaterial. We monitor the conditions that are subject to indemnification to identify if a loss has occurred.

Item 3.Quantitative and Qualitative Disclosures about Market Risk

There have been no significant changes in our market risk exposures during the six months ended October 3, 2014 as compared to the market risk exposures disclosed in Management’s Discussion and Analysis of Financial Condition and Results of Operations, set forth in Part II, Item 7A, of our Annual Report on Form 10-K for the fiscal year ended March 28, 2014.

Item 4.Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures

The SEC defines the term “disclosure controls and procedures” to mean a company’s controls and other procedures that are designed to ensure that information required to be disclosed in the reports that it files or submits under the Exchange Act is recorded, processed, summarized, and reported, within the time periods specified in the SEC’s rules and forms. “Disclosure controls and procedures” include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our disclosure controls and procedures are designed to provide reasonable assurance that such information is accumulated and communicated to our management. Our management (with the participation of our Chief Executive Officer and Chief Financial Officer) has conducted an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act). Based on such evaluation, our Chief Executive Officer and our Chief Financial Officer have concluded that our disclosure controls and procedures were effective at the reasonable assurance level as of the end of the period covered by this report.

(b) Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the three months ended October 3, 2014 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

(c) Limitations on Effectiveness of Controls

Our management, including our Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected.

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PART II. OTHER INFORMATION

Item 1.Legal Proceedings

Information with respect to this Item may be found in Note 6 of Notes to Condensed Consolidated Financial Statements in this Form 10-Q, which information is incorporated herein by reference.

Item 1A.Risk Factors

A description of the risks associated with our business, financial condition, and results of operations is set forth in Part I, Item 1A, of our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. There have been no material changes from the risk factors previously disclosed in our Annual Report, except for the following risk factors. The risk factors below should be read in conjunction with the risk factors and other information disclosed in our Form 10-K.

We are pursuing a plan to separate our information management business into a new, independent publicly-traded company. The proposed separation may not be completed on the currently contemplated timeline or at all and, if completed, may not achieve the intended benefits.

In October 2014, we announced a plan to separate into two independent publicly-traded companies through a tax-free distribution to Symantec stockholders of 100% of the capital stock of our information management business (the “spin-off”). We could be delayed or prevented from completing the proposed separation, or be forced to complete it on terms or conditions that are less favorable and/or different than expected, for a variety of reasons, including unanticipated developments, such as delays in obtaining regulatory approvals or clearances, uncertainty of the financial markets and challenges in establishing infrastructure or processes. Even if the transaction is completed, we may not realize some or all of the anticipated benefits from the proposed separation. Moreover, following the proposed separation, the combined value of the common stock of the two publicly-traded companies may not be equal to or greater than what the value of our common stock would have been had the proposed separation not occurred. In addition, we expect to spend substantial time, money and effort on completing the proposed separation without any assurance that it will be completed. Our investments in terms of financial and management resources may be significantly higher than expected, which could limit our ability to pursue other business opportunities and distract us from operating our businesses as currently conducted.

If the separation, together with certain related transactions, is determined to be taxable for U.S. federal income tax purposes, we, our stockholders that are subject to U.S. federal income tax and/or the independent information management business could incur significant U.S. federal income tax liabilities.

Receipt of opinions from outside tax counsel and from a national accounting firm (together, the “tax opinions”) substantially to the effect that, for U.S. federal income tax purposes, the proposed separation and certain related internal transactions (collectively the "separation") will qualify under Sections 355 and 368 of the Internal Revenue Code (the “Code), will be a condition to the completion of the separation. In addition, we will seek a private letter ruling from the IRS to the effect that, among other things, certain aspects of the spin-off and certain other related transactions will not disqualify the spin-off or the related transactions from receiving the generally tax-free treatment that we are anticipating for U.S. federal income tax purposes under the same Code sections. The tax opinions and private letter ruling will rely on certain facts, assumptions, representations and undertakings, including those regarding the past and future conduct of certain of our businesses and other matters. If any of these facts, assumptions, representations or undertakings are incorrect or not satisfied, we and our stockholders may not be able to rely on the tax opinions and could be subject to significant tax liabilities. Notwithstanding the tax opinions and private letter ruling, the IRS could determine on audit that the separation is taxable if it determines that any of these facts, assumptions, representations or undertakings are not correct or have been violated or if it disagrees with the conclusions in the tax opinions, or for other reasons. The tax opinions will not be binding on the IRS or the courts. Accordingly, the IRS or the courts may challenge the conclusions stated in the tax opinions and such challenge could prevail.

If the separation is determined to be taxable for U.S. federal income tax purposes, we and those of our stockholders that are subject to U.S. federal income tax could incur significant U.S. federal income tax liabilities. For example, if the spin-off fails to qualify for tax-free treatment, the transactions would, for U.S. federal income tax purposes, be treated as if the stock of the independent information management business was sold in a taxable sale for its fair market value, and our stockholders who are subject to U.S. federal income tax would be treated as receiving a taxable distribution in an amount equal to the fair market value of the stock received in the spin-off. Additionally, the parties and their respective affiliates could incur significant U.S. federal income tax liabilities if it is ultimately determined that certain related internal transactions undertaken in connection with the separation are taxable.

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The parties might not be able to engage in desirable strategic transactions and equity issuances following the separation because of restrictions relating to U.S. federal income tax requirements for tax-free distributions.

The parties' ability to engage in significant equity transactions could be limited or restricted after the separation in order to preserve, for U.S. federal income tax purposes, the tax-free nature of the separation and certain related internal transactions. Even if the separation otherwise qualifies for tax-free treatment under Section 355 of the Code, it may result in corporate-level taxable gain to Symantec if 50% or more, by vote or value, of our shares or shares of the independent information management business are acquired or issued as part of a plan or series of related transactions that includes the separation. Any acquisitions or issuances of the shares of either party within two years after the separation are generally presumed to be part of such a plan, although the parties may be able to rebut that presumption.

To preserve the tax-free treatment to us of the separation, the parties will agree not to take or fail to take any action that prevents the separation and related transactions from being tax-free, among other restrictions. These restrictions may limit our ability to pursue strategic transactions.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

Stock repurchases during the three months ended October 3, 2014 were as follows:

ISSUER PURCHASES OF EQUITY SECURITIES

	Total Number of Shares Purchased	Average Price Paid per   Share		Total Number of Shares Purchased Under Publicly Announced Plans or Programs	Maximum Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
	(In millions, except per share data)
July 5, 2014   to August 1, 2014	2	$	23.17	2	$	478
August 2, 2014   to August 29, 2014	2	$	24.14	2	$	427
August 30, 2014   to October 3, 2014	1	$	24.45	1	$	408
Total	5	$	23.75	5

For information regarding our stock repurchase programs, see Note 7 of Notes to Condensed Consolidated Financial Statements, which information is incorporated herein by reference.

Item 6.Exhibits

The information required by this Item is set forth in the Exhibit Index that follows the signature page of this Report.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SYMANTEC CORPORATION
	(Registrant)
By:	/s/ MICHAEL A. BROWN
	Michael A. Brown
	President and Chief Executive Officer, and Director
By:	/s/ THOMAS J. SEIFERT
	Thomas J. Seifert
	Executive Vice President and Chief Financial Officer

Date: November 7, 2014

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EXHIBIT INDEX

		Incorporated by Reference
Exhibit Number	Exhibit Description	Form	File Number	Exhibit	File Date	Filed with this 10-Q
10.1*	Executive Employment Agreement, dated September 24, 2014, by and between Symantec Corporation and Michael A. Brown	8-K	000-17781	10.01	9/26/2014
10.02*	FY15 Executive Annual Incentive Plan - Chief Executive Officer					X
31.01	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002					X
31.02	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002					X
32.01†	Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002					X
32.02†	Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002					X
101.INS	XBRL Instance Document					X
101.SCH	XBRL Taxonomy Schema Linkbase Document					X
101.CAL	XBRL Taxonomy Calculation Linkbase Document					X
101.DEF	XBRL Taxonomy Definition Linkbase Document					X
101.LAB	XBRL Taxonomy Labels Linkbase Document					X
101.PRE	XBRL Taxonomy Presentation Linkbase Document					X

*	Indicates a management contract or compensatory plan or arrangement.
†	This exhibit is being furnished rather than filed, and shall not be deemed incorporated by reference into any filing, in accordance with Item 601 of Regulation S-K.

32

EX-10.02

FY15 Executive Annual Incentive Plan

President and Chief Executive Officer

This Executive Annual Incentive Plan (the “Plan”) of Symantec Corporation (the “Company”) is effective as of March 29, 2014. The Board of Directors (the “Board”) of the Company reserves the right to alter or cancel all or any portion of the Plan for any reason at any time.

1

FY15 Executive Annual Incentive Plan

Job Category:	President and Chief Executive Officer
Purpose:	Provide critical focus on specific, measurable corporate goals and provide performance-based compensation based upon the level of attainment of such goals.
Bonus Target:	The target incentive bonus, as expressed as a percentage of the base salary, and the annual base salary are determined by the Administrator at the beginning of the fiscal year. The Bonus will be calculated based on actual base salary earnings from time of eligibility under the Plan through April 3, 2015. Payment will be subject to applicable payroll taxes and withholdings.
Bonus Payment:	The annual incentive bonus will be paid once annually. Payment will be made within six weeks after the end of the fiscal year, but in the event the amount cannot be calculated within such six weeks, in no event may payment be made later than two and a half months after the end of the fiscal year. Payment made pursuant to this Plan is at the sole discretion of the Administrator of the Plan.
Metrics:	Two corporate performance metrics will be used in the determination of the annual incentive bonus payment as determined by the Administrator: non-GAAP Operating Income and Corporate GAAP Revenue. These two metrics will be equally weighted.
Achievement Schedule:	An established threshold must be exceeded for each of the applicable performance metrics before the portion of the bonus applicable to such performance metric will be paid. Payout levels will be determined for each metric in accordance with the payout slopes established and approved by the Administrator. Payouts under both metrics are capped.
Pro-ration:	The calculation of the annual incentive bonus will be determined, in part, based on eligible base salary earnings for the fiscal year and, subject to the eligibility requirements below, will be pro-rated based on the number of days the participant is actively employed as a regular status employee of the Company during the fiscal year. If a participant takes a leave of absence from the Company during the fiscal year, any payments received by the participant as an income protection benefit will not be counted toward base salary earnings for the purpose of bonus calculations.
Eligibility:	Participant must be a regular status employee on the day bonus checks are distributed to earn the bonus. If the Company grants an interim payment for any reason, the Participant must be a regular status employee at the end of the fiscal year in order to receive such payment. Ongoing contributions toward the Company’s overall success, particularly toward year end, is of particular business importance. As such, a participant who leaves before the end of the fiscal year will not be eligible to earn the annual incentive bonus or any pro-rated portion thereof. The Plan participant must be a regular status employee of the Company at the end of the fiscal year in order to be eligible to receive the annual incentive bonus and at the time the bonus checks are distributed, unless otherwise determined by the Administrator.
	To be eligible to participate in the Plan in the given fiscal year, participant must be in an eligible position for at least 90 days before the end of the Plan year. Employee hired or promoted into an eligible position with less than 90 days in the Plan year will not be eligible to participate in the annual bonus plan until the next fiscal year.
Exchange Rates:	The performance metrics targets will not be adjusted for any fluctuating currency exchange rates. However, when calculating achievement of performance metrics, foreign exchange movements are held constant at plan rates.

2

Target Changes:	In the event of an accretive event, such as a stock buyback, or other events that might have an effect on the revenue or operating income targets of the Company, such as acquisition or purchase of products or technology, the Administrator may at its discretion adjust the revenue and operating income metrics to reflect the potential impact upon the Company’s financial performance.
Restatement of Financial Results:	If the Company’s financial statements are the subject of a restatement due to error or misconduct, to the extent permitted by governing law, in all appropriate cases, the Company will seek reimbursement of excess incentive cash compensation paid under the Plan. For purposes of this Plan, excess incentive cash compensation means the positive difference, if any, between (i) the incentive bonus paid and (ii) the incentive bonus that would have been made had the performance metrics been calculated based on the Company’s financial statements as restated. The Company will not be required to award Participant an additional Payment should the restated financial statements result in a higher bonus calculation.
Plan Provisions:	This Plan is adopted under the Symantec Senior Executive Incentive Plan, as amended and restated on October 22, 2013 and approved by the Company’s stockholders on October 22, 2013 (the “SEIP”). All capitalized terms in this Plan shall have the meaning assigned to them in the SEIP.
	This Plan supersedes the FY14 Executive Annual Incentive Plan, dated March 30, 2013, which is null and void as of the adoption of this Plan.
	Participation in the Plan does not guarantee participation in other or future incentive plans, nor does it guarantee continued employment for a specified term. Plan structures and participation will be determined on a year-to-year basis.
	The Board reserves the right to alter or cancel all or any portion of the Plan for any reason at any time. The Plan shall be administered by the independent members of the Board (the “Administrator”), and the Administrator shall have all powers and discretion necessary or appropriate to administer and interpret the Plan.
	The Board reserves the right to exercise its own judgment with regard to company performance in light of events outside the control of management and/or participant.

3

EX-31.01

Exhibit 31.01

CERTIFICATION

I, Michael A. Brown, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Symantec Corporation;

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(s) 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(s) 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: November 7, 2014

/s/ MICHAEL A. BROWN

Michael A. Brown

President and Chief Executive Officer, and Director  

(principal executive officer)

EX-31.02

Exhibit 31.02

CERTIFICATION

I, Thomas J. Seifert, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Symantec Corporation;

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(s) 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(s) 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: November 7, 2014

/s/ THOMAS J. SEIFERT

Thomas J. Seifert

Executive Vice President and Chief Financial Officer  

(principal financial officer)

EX-32.01

Exhibit 32.01

CERTIFICATION PURSUANTTO

18 U.S.C. SECTION 1350, ASADOPTEDPURSUANTTO

SECTION 906 OFTHE SARBANES-OXLEY ACTOF 2002

I, Michael A. Brown, President and Chief Executive Officer, and Director of Symantec Corporation (the “Company”), do hereby 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: (i) the Company’s quarterly report on Form 10-Q for the period ended October 3, 2014, to which this Certification is attached (the “Form 10-Q”), fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended, and (ii) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 7, 2014

/s/ MICHAEL A. BROWN

Michael A. Brown

President and Chief Executive Officer, and Director

(principal executive officer)

This Certification which accompanies the Form 10-Q is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Form 10-Q), irrespective of any general incorporation language contained in such filing.

EX-32.02

Exhibit 32.02

CERTIFICATION PURSUANTTO

18 U.S.C. SECTION 1350, ASADOPTEDPURSUANTTO

SECTION 906 OFTHE SARBANES-OXLEY ACTOF 2002

I, Thomas J. Seifert, Executive Vice President and Chief Financial Officer of Symantec Corporation (the “Company”), do hereby 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: (i) the Company’s quarterly report on Form 10-Q for the period ended October 3, 2014, to which this Certification is attached (the “Form 10-Q”), fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended, and (ii) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 7, 2014

/s/ THOMAS J. SEIFERT

Thomas J. Seifert

Executive Vice President and Chief Financial Officer  

(principal financial officer)

This Certification which accompanies the Form 10-Q is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Form 10-Q), irrespective of any general incorporation language contained in such filing.

XML

Stock Repurchases (Schedule Of Stock Repurchases) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended	6 Months Ended
	Oct. 03, 2014	Oct. 03, 2014
Equity, Class of Treasury Stock [Line Items]
Total number of shares repurchased	5	11
Dollar amount of shares repurchased	$ 125	$ 250
Average price paid per share	$ 23.75	$ 22.12
Minimum
Equity, Class of Treasury Stock [Line Items]
Range of price paid per share	$ 22.42	$ 19.59
Maximum
Equity, Class of Treasury Stock [Line Items]
Range of price paid per share	$ 25.30	$ 25.30

XML

Earnings Per Share (Schedule Of Components Of Earnings Per Share) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014	Sep. 27, 2013
Earnings Per Share [Line Items]
Net income	$ 244	$ 241	$ 480	$ 398
Net income per share — basic (in dollars per share)	$ 0.35	$ 0.34	$ 0.69	$ 0.57
Net income per share — diluted (in dollars per share)	$ 0.35	$ 0.34	$ 0.69	$ 0.56
Weighted-average outstanding common shares — basic (in shares)	690	699	691	698
Dilutive potential shares issuable from assumed exercise of stock options (in shares)	1	2	1	2
Dilutive potential shares related to stock award plans (in shares)	5	6	5	7
Weighted-average shares outstanding — diluted (in shares)	696	707	697	707
Anti-Dilutive Weighted-Average Stock Options
Earnings Per Share [Line Items]
Anti-dilutive weighted-average shares (in shares)	1	3	2	4
Anti-Dilutive Weighted-Average Restricted Stock
Earnings Per Share [Line Items]
Anti-dilutive weighted-average shares (in shares)	0	0	0	0

XML

Stock-Based Compensation (Details) (USD $) In Millions, except Share data, unless otherwise specified	6 Months Ended				3 Months Ended
	Oct. 03, 2014 Performance Based Restricted Stock	Sep. 27, 2013 Performance Based Restricted Stock	Oct. 03, 2014 Restricted Stock Units (RSUs)	Sep. 27, 2013 Restricted Stock Units (RSUs)	Oct. 03, 2014 Chief Executive Officer Performance Based Restricted Stock	Oct. 03, 2014 Chief Executive Officer Restricted Stock Units (RSUs) installment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted					344,717	147,736
Fair value of awards granted	$ 44	$ 33	$ 267	$ 63	$ 11
Performance measurement period ending 2016					2 years
Performance measurement period ending 2017					3 years
Vesting, number of installments						3

XML

Supplemental Financial Information (Schedule Of Property And Equipment, Net) (Details) (USD $) In Millions, unless otherwise specified	Oct. 03, 2014	Mar. 28, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,038	$ 2,939
Less: Accumulated depreciation	(1,857)	(1,823)
Total	1,181	1,116	[1]
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	79	79
Computer Hardware And Software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,825	1,797
Office Furniture And Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	141	140
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	540	539
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	368	356
Construction in Progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 85	$ 28

[1] Derived from audited financial statements.

XML

Segment Information (Tables)

6 Months Ended

Oct. 03, 2014

Segment Reporting [Abstract]

Schedule Of Reportable Segment Data

The following table summarizes the operating results of our reporting segments:

	Consumer Security			Enterprise   Security			Information     Management			Total Segments
	(Dollars in millions)
Three Months Ended October 3, 2014
Net revenue	$	485		$	511		$	621		$	1,617
Percentage of total net revenue	30		%	32		%	38		%	100		%
Operating income	257			85			122			464
Operating margin	53		%	17		%	20		%
Three Months Ended September 27, 2013
Net revenue	$	518		$	517		$	602		$	1,637
Percentage of total net revenue	32		%	31		%	37		%	100		%
Operating income	225			80			145			450
Operating margin	43		%	15		%	24		%
Six Months Ended October 3, 2014
Net revenue	$	1,018		$	1,063		$	1,271		$	3,352
Percentage of total net revenue	30		%	32		%	38		%	100		%
Operating income	525			155			211			891
Operating margin	52		%	15		%	17		%
Six Months Ended September 27, 2013
Net revenue	$	1,042		$	1,061		$	1,243		$	3,346
Percentage of total net revenue	31		%	32		%	37		%	100		%
Operating income	449			138			293			880
Operating margin	43		%	13		%	24		%

Reconciliation Of Total Segment Operating Income To Total Consolidated Operating Income

The reconciliation of total segment operating income to total consolidated operating income is as follows:

	Three Months Ended				Six Months Ended
	October 3, 2014		September 27, 2013		October 3, 2014		September 27, 2013
	(Dollars in millions)
Total segment operating income	$	464	$	450	$	891	$	880
Reconciling items:
Stock-based compensation	46		38		89		77
Amortization of intangibles	40		42		82		128
Restructuring, separation, and transition	30		122		50		203
Total consolidated operating income	$	348	$	248	$	670	$	472

XML

Segment Information (Schedule Of Reportable Segment Data) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014	Sep. 27, 2013
Segment Reporting Information [Line Items]
Net revenue	$ 1,617	$ 1,637	$ 3,352	$ 3,346
Percentage of total net revenue	100.00%	100.00%	100.00%	100.00%
Operating income	348	248	670	472
Consumer Security
Segment Reporting Information [Line Items]
Net revenue	485	518	1,018	1,042
Percentage of total net revenue	30.00%	32.00%	30.00%	31.00%
Operating income	257	225	525	449
Operating margin	53.00%	43.00%	52.00%	43.00%
Enterprise Security
Segment Reporting Information [Line Items]
Net revenue	511	517	1,063	1,061
Percentage of total net revenue	32.00%	31.00%	32.00%	32.00%
Operating income	85	80	155	138
Operating margin	17.00%	15.00%	15.00%	13.00%
Information Management
Segment Reporting Information [Line Items]
Net revenue	621	602	1,271	1,243
Percentage of total net revenue	38.00%	37.00%	38.00%	37.00%
Operating income	122	145	211	293
Operating margin	20.00%	24.00%	17.00%	24.00%
Operating Segments
Segment Reporting Information [Line Items]
Operating income	$ 464	$ 450	$ 891	$ 880

XML

Restructuring, Separation, And Transition (Schedule Of Restructuring Summary) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended							6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014		Sep. 27, 2013	Oct. 03, 2014 Other Current Liabilities	Mar. 28, 2014 Other Current Liabilities	Oct. 03, 2014 Other Noncurrent Liabilities	Mar. 28, 2014 Other Noncurrent Liabilities	Oct. 03, 2014 Fiscal 2014 Plan		Oct. 03, 2014 Fiscal 2014 Plan Restructuring Plan - Severance		Oct. 03, 2014 Fiscal 2014 Plan Excess Facilities And Other		Oct. 03, 2014 Fiscal 2015 Plan		Oct. 03, 2014 Fiscal 2015 Plan Restructuring Plan - Severance		Oct. 03, 2014 Fiscal 2015 Plan Separation Costs	Oct. 03, 2014 Fiscal 2015 Plan Excess Facilities And Other
Restructuring Reserve [Roll Forward]
Balance, beginning			$ 38			$ 19	$ 37	$ 1	$ 1	$ 38		$ 38		$ 0		$ 0		$ 0		$ 0	$ 0
Costs, net of adjustments			33	[1]						16	[1]	16	[1]	0	[1]	17	[1]	8	[1]	9	0
Cash payments			(51)							(42)		(42)		0		(9)		0		(9)	0
Balance, ending	20		20			19	37	1	1	12		12		0		8		8		0	0
Cumulative incurred to date										238		235		3		17		8		9	0
Transition and other related costs			17	[1]
Restructuring, separation, and transition	$ 30	$ 122	$ 50	[1]	$ 203

[1] Adjustments primarily relate to foreign currency exchange rate fluctuations.

XML

Income Taxes (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014	Sep. 27, 2013	Mar. 30, 2012
Income Taxes [Line Items]
Effective tax rate	27.00%	4.00%	25.00%	15.00%
Ownership in the joint venture with Huawei					49.00%
Income tax expense (benefit)	$ 89	$ 10	$ 158	$ 73
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change, lower bound	30		30
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change, upper bound	150		150
Amount on deposit with the IRS pertaining to US Tax matters in the Symantec 2009-2012 audit cycles	127		127
Tax Settlements And Lapse Of Statutes Of Limitations
Income Taxes [Line Items]
Tax expense reduction	3	8	20	11
Symantec 2005 Through 2008 Internal Revenue Service (IRS) Audit
Income Taxes [Line Items]
Tax expense reduction		24		24
Sale Of Short Term Investments
Income Taxes [Line Items]
Income tax expense (benefit)		6		12
Forecasted Rate
Income Taxes [Line Items]
Effective tax rate	27.00%	29.00%	27.00%	29.00%
Minimum
Income Taxes [Line Items]
Reasonably possible additional cash payments	15		15
Minimum | Tax Settlements And Lapse Of Statutes Of Limitations
Income Taxes [Line Items]
Unrecognized tax benefits that could affect effective tax rate	15		15
Maximum
Income Taxes [Line Items]
Reasonably possible additional cash payments	65		65
Maximum | Tax Settlements And Lapse Of Statutes Of Limitations
Income Taxes [Line Items]
Unrecognized tax benefits that could affect effective tax rate	70		70
Joint Venture With Huawei | Tax Settlements And Lapse Of Statutes Of Limitations
Income Taxes [Line Items]
Tax expense reduction		$ 33	$ 33

XML

Goodwill And Intangible Assets

6 Months Ended

Oct. 03, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets

Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill were as follows:

	Consumer Security			Enterprise Security			Information Management			Total
	(Dollars in millions)
Net balance as of March 28, 2014	$	1,233		$	1,918		$	2,707		$	5,858
Additions (1)	—			11			—			11
Adjustments (2)	(1		)	(6		)	(2		)	(9		)
Net balance as of October 3, 2014	$	1,232		$	1,923		$	2,705		$	5,860

(1)  Additions due to an acquired business.

(2)  Adjustments made to goodwill reflect foreign currency exchange rate fluctuations.

Effective in the second quarter of fiscal 2015, we evaluated our segment reporting structure and modified the reporting to match our new operating structure. Our reporting units for goodwill are the same as our reportable operating segments, and the net goodwill balance has been allocated to the reporting units based on their relative fair value. See Note 8 for information regarding the changes related to segment information.

As a result of the change in our segments, we assessed goodwill for impairment immediately prior to the changes to the new reporting units and determined that the estimated fair value of our reporting units exceeded their respective carrying amount including goodwill. Based on the results of our impairment analysis, we do not believe that impairment existed as of the date of the change in our segments.

Intangible assets, net

	October 3, 2014								March 28, 2014
	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Weighted- Average Remaining Useful Life	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Weighted- Average Remaining Useful Life
	(Dollars in millions)
Customer relationships	$	757	$	(513	)	$	244	3 years	$	766	$	(469	)	$	297	3 years
Developed technology	283		(155		)	128		3 years	287		(142		)	145		4 years
Finite-lived tradenames	125		(110		)	15		1 year	125		(103		)	22		2 years
Patents	21		(15		)	6		3 years	21		(14		)	7		4 years
Indefinite-lived tradenames	297		—			297		Indefinite	297		—			297		Indefinite
Total	$	1,483	$	(793	)	$	690	2 years	$	1,496	$	(728	)	$	768	3 years

Total future amortization expense for intangible assets that have finite lives is as follows:

	October 3, 2014
	(Dollars in millions)
Remainder of fiscal 2015	$	76
2016	106
2017	88
2018	67
2019	37
Thereafter	19
Total	$	393

XML

Segment Information (Reconciliation Of Total Segment Operating Income To Total Consolidated Operating Income) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014		Sep. 27, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	$ 348	$ 248	$ 670		$ 472
Stock-based compensation	46	38	89		77
Amortization of intangibles			82		128
Restructuring, separation, and transition	30	122	50	[1]	203
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Stock-based compensation	46	38	89		77
Amortization of intangibles	40	42	82		128
Restructuring, separation, and transition	30	122	50		203
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	$ 464	$ 450	$ 891		$ 880

[1] Adjustments primarily relate to foreign currency exchange rate fluctuations.

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Fair Value Measurements (Schedule Of The Carrying Value Of Assets Measured At Fair Value On A Recurring Basis) (Details) (USD $) In Millions, unless otherwise specified	Oct. 03, 2014	Mar. 28, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 1,870	$ 2,420
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,810	2,380
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	60	40
Corporate bonds | Recurring
Short-term investments:
Short-term investments	297	120
Corporate bonds | Recurring | Level 1
Short-term investments:
Short-term investments	0	0
Corporate bonds | Recurring | Level 2
Short-term investments:
Short-term investments	297	120
U.S. government securities | Recurring
Short-term investments:
Short-term investments	207	95
U.S. government securities | Recurring | Level 1
Short-term investments:
Short-term investments	207	95
U.S. government securities | Recurring | Level 2
Short-term investments:
Short-term investments	0	0
U.S. agency securities | Recurring
Short-term investments:
Short-term investments	139	45
U.S. agency securities | Recurring | Level 1
Short-term investments:
Short-term investments	0	0
U.S. agency securities | Recurring | Level 2
Short-term investments:
Short-term investments	139	45
Commercial paper | Recurring
Short-term investments:
Short-term investments	71	24
Commercial paper | Recurring | Level 1
Short-term investments:
Short-term investments	0	0
Commercial paper | Recurring | Level 2
Short-term investments:
Short-term investments	71	24
Other investments | Recurring
Short-term investments:
Short-term investments	102	47
Other investments | Recurring | Level 1
Short-term investments:
Short-term investments	0	0
Other investments | Recurring | Level 2
Short-term investments:
Short-term investments	102	47
Marketable equity securities | Recurring
Short-term investments:
Short-term investments	5	6
Marketable equity securities | Recurring | Level 1
Short-term investments:
Short-term investments	5	6
Marketable equity securities | Recurring | Level 2
Short-term investments:
Short-term investments	$ 0	$ 0

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Fair Value Measurements (Details) (USD $)	6 Months Ended
	Oct. 03, 2014	Oct. 03, 2014 Level 2	Mar. 28, 2014 Level 2
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value of long-term debt		$ 2,200,000,000	$ 2,200,000,000
Transfers between fair value measurement levels	$ 0

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Stock-Based Compensation (Schedule Of Stock-Based Compensation Expense Recognized In Our Condensed Consolidated Statements Of Income) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014	Sep. 27, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 46	$ 38	$ 89	$ 77
Tax benefit associated with stock-based compensation expense	(14)	(10)	(26)	(21)
Net stock-based compensation expense	32	28	63	56
Net stock-based compensation expense per share — basic	$ 0.05	$ 0.04	$ 0.09	$ 0.08
Net stock-based compensation expense per share — diluted	$ 0.05	$ 0.04	$ 0.09	$ 0.08
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	6	4	12	8
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	18	15	35	29
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	15	12	28	25
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 7	$ 7	$ 14	$ 15

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Goodwill And Intangible Assets (Schedule Of Changes In The Carrying Amount Of Goodwill) (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Oct. 03, 2014
Goodwill [Roll Forward]
Net balance as of March 28, 2014	$ 5,858	[1]
Additions	11	[2]
Adjustments	(9)	[3]
Net balance as of October 3, 2014	5,860
Consumer Security
Goodwill [Roll Forward]
Net balance as of March 28, 2014	1,233
Additions	0	[2]
Adjustments	(1)	[3]
Net balance as of October 3, 2014	1,232
Enterprise Security
Goodwill [Roll Forward]
Net balance as of March 28, 2014	1,918
Additions	11	[2]
Adjustments	(6)	[3]
Net balance as of October 3, 2014	1,923
Information Management
Goodwill [Roll Forward]
Net balance as of March 28, 2014	2,707
Additions	0	[2]
Adjustments	(2)	[3]
Net balance as of October 3, 2014	$ 2,705

[1] Derived from audited financial statements.

[2] Additions due to an acquired business.

[3] Adjustments made to goodwill reflect foreign currency exchange rate fluctuations.

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Goodwill And Intangible Assets (Schedule Of Intangible Assets, Net) (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended	12 Months Ended
	Oct. 03, 2014	Mar. 28, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,483	$ 1,496
Accumulated Amortization	(793)	(728)
Net Carrying Amount	690	768	[1]
Weighted Average Remaining Useful Life	2 years	3 years
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	757	766
Accumulated Amortization	(513)	(469)
Net Carrying Amount	244	297
Weighted Average Remaining Useful Life	3 years	3 years
Developed Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	283	287
Accumulated Amortization	(155)	(142)
Net Carrying Amount	128	145
Weighted Average Remaining Useful Life	3 years	4 years
Finite-Lived Tradenames
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	125	125
Accumulated Amortization	(110)	(103)
Net Carrying Amount	15	22
Weighted Average Remaining Useful Life	1 year	2 years
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	21	21
Accumulated Amortization	(15)	(14)
Net Carrying Amount	6	7
Weighted Average Remaining Useful Life	3 years	4 years
Indefinite-Lived Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	297	297
Accumulated Amortization	0	0
Net Carrying Amount	$ 297	$ 297

[1] Derived from audited financial statements.

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Fair Value Measurements

6 Months Ended

Oct. 03, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

For assets and liabilities measured at fair value, such amounts are based on an expected exit price representing the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value:

• Level 1:  Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

• Level 2:  Observable inputs that reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

• Level 3:  Unobservable inputs reflecting our own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

Assets measured and recorded at fair value on a recurring basis

Cash equivalents. Cash equivalents consist of money market funds that are classified as Level 1, and corporate securities and commercial paper classified as Level 2, all of which have an original maturity of three months or less, and the carrying amount is a reasonable estimate of fair value.

Short-term investments. Short-term investments consist of U.S. government securities with original maturities greater than three months and are classified as recurring Level 1. Also included in short-term investments are commercial paper, federal agency and corporate and international government securities with original maturities greater than three months, which are classified as Level 2. Short-term investments are priced using inputs such as actual trade data, benchmark yields, broker/dealer quotes, and other similar data, which are obtained from quoted market prices, independent pricing vendors, or other sources, to determine the fair value of these assets. Marketable equity securities are classified as Level 1 and are recorded at fair value using quoted prices in active markets for identical assets.

There have been no transfers between fair value measurement levels during the six months ended October 3, 2014. The following table summarizes our assets measured at fair value on a recurring basis, by level, within the fair value hierarchy:

	October 3, 2014						March 28, 2014
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(Dollars in millions)
Cash equivalents	$	1,810	$	60	$	1,870	$	2,380	$	40	$	2,420
Short-term investments:
Corporate bonds	—		297		297		—		120		120
U.S. government securities	207		—		207		95		—		95
U.S. agency securities	—		139		139		—		45		45
Commercial paper	—		71		71		—		24		24
Other investments	—		102		102		—		47		47
Marketable equity securities	5		—		5		6		—		6

Fair value of long-term debt

As of October 3, 2014 and March 28, 2014, the fair value of the Company’s current and long-term debt, based on Level 2 inputs, was $2.2 billion.

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Goodwill And Intangible Assets (Schedule Of Future Intangible Asset Amortization Expense) (Details) (USD $) In Millions, unless otherwise specified	Oct. 03, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of fiscal 2015	$ 76
2016	106
2017	88
2018	67
2019	37
Thereafter	19
Total	$ 393

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Stock Repurchases (Narrative) (Details) (USD $)	3 Months Ended	6 Months Ended
	Mar. 29, 2013	Oct. 03, 2014
Stock Repurchases [Abstract]
Authorization to repurchase common stock	$ 1,000,000,000
Stock repurchase program, remaining authorized repurchase amount		$ 408,000,000

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Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Oct. 03, 2014	Mar. 28, 2014
Current assets:
Cash and cash equivalents	$ 2,972	$ 3,707	[1]
Short-term investments	821	377	[1]
Trade accounts receivable, net	722	1,007	[1]
Inventories, net	11	14	[1]
Deferred income taxes	152	142	[1]
Deferred commissions	111	115	[1]
Other current assets	249	290	[1]
Total current assets	5,038	5,652	[1]
Property and equipment, net	1,181	1,116	[1]
Intangible assets, net	690	768	[1]
Goodwill	5,860	5,858	[1]
Long-term deferred commissions	24	21	[1]
Other long-term assets	90	124	[1]
Total assets	12,883	13,539	[1]
Current liabilities:
Accounts payable	219	282	[1]
Accrued compensation and benefits	310	365	[1]
Deferred revenue	2,874	3,322	[1]
Current portion of long-term debt	350	0	[1]
Other current liabilities	292	337	[1]
Total current liabilities	4,045	4,306	[1]
Long-term debt	1,745	2,095	[1]
Long-term deferred revenue	543	581	[1]
Long-term deferred tax liabilities	441	425	[1]
Long-term income taxes payable	130	252	[1]
Other long-term obligations	82	83	[1]
Total liabilities	6,986	7,742	[1]
Commitments and contingencies (Note 6)			[1]
Stockholders’ equity:
Common stock	7	7	[1]
Additional paid-in capital	6,404	6,744	[1]
Accumulated other comprehensive income	154	194	[1]
Accumulated deficit	(668)	(1,148)	[1]
Total stockholders’ equity	5,897	5,797	[1]
Total liabilities and stockholders’ equity	$ 12,883	$ 13,539	[1]

[1] Derived from audited financial statements.

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Stock-Based Compensation (Schedule Of Stock-Based Compensation Arrangements By Stock-Based Payment Award) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value per grant, stock options	$ 21.48	$ 24.23
Fair value of awards granted	$ 267	$ 63
Total fair value of awards vested	87	89
Total unrecognized compensation expense	367	208
Weighted-average remaining vesting period (in years)	3 years	2 years
Performance Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value per grant, stock options	$ 26.30	$ 19.04
Fair value of awards granted	44	33
Total fair value of awards vested	21	12
Total unrecognized compensation expense	21	33
Weighted-average remaining vesting period (in years)	2 years	2 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value per grant, stock options	$ 0.00	$ 0.00
Total intrinsic value of stock options exercised	6	48
Total unrecognized compensation expense	$ 2	$ 9
Weighted-average remaining vesting period (in years)	1 year	1 year

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Condensed Consolidated Statements Of Cash Flows (USD $) In Millions, unless otherwise specified	6 Months Ended
	Oct. 03, 2014		Sep. 27, 2013
OPERATING ACTIVITIES:
Net income	$ 480		$ 398
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	145		139
Amortization of intangible assets	82		128
Amortization of debt issuance costs and discounts	2		5
Stock-based compensation expense	89		77
Deferred income taxes	30		51
Excess income tax benefit from the exercise of stock options	(5)		(13)
Net gain from sale of short-term investments	0		(32)
Other	3		11
Net change in assets and liabilities, excluding effects of acquisitions:
Trade accounts receivable, net	268		465
Inventories, net	3		8
Deferred commissions	(3)		20
Accounts payable	(77)		(92)
Accrued compensation and benefits	(50)		(110)
Deferred revenue	(374)		(556)
Income taxes payable	(101)		(72)
Other assets	30		31
Other liabilities	(56)		45
Net cash provided by operating activities	466		503
INVESTING ACTIVITIES:
Purchases of property and equipment	(199)		(118)
Cash payments for acquisitions, net of cash acquired	(19)		(17)
Purchases of short-term investments	(1,071)		(102)
Proceeds from maturities of short-term investments	411		0
Proceeds from sales of short-term investments	156		67
Net cash used in investing activities	(722)		(170)
FINANCING ACTIVITIES:
Repayments of debt and other obligations	(18)		(1,189)
Proceeds from convertible note hedge	0		189
Net proceeds from sales of common stock under employee stock benefit plans	66		160
Excess income tax benefit from the exercise of stock options	5		13
Tax payments related to restricted stock units	(34)		(30)
Dividends paid, net	(207)		(210)
Repurchases of common stock	(250)		(250)
Proceeds from other financing, net	34		0
Net cash used in financing activities	(404)		(1,317)
Effect of exchange rate fluctuations on cash and cash equivalents	(75)		26
Change in cash and cash equivalents	(735)		(958)
Beginning cash and cash equivalents	3,707	[1]	4,685
Ending cash and cash equivalents	$ 2,972		$ 3,727

[1] Derived from audited financial statements.

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Supplemental Financial Information (Schedule Of Accumulated Other Comprehensive Income) (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Oct. 03, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of March 28, 2014	$ 194	[1]
Other comprehensive income before reclassifications	(40)
Amounts reclassified from accumulated other comprehensive income	0
Balance as of October 3, 2014	154
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of March 28, 2014	191
Other comprehensive income before reclassifications	(40)
Amounts reclassified from accumulated other comprehensive income	0
Balance as of October 3, 2014	151
Unrealized Gain On Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of March 28, 2014	3
Other comprehensive income before reclassifications	0
Amounts reclassified from accumulated other comprehensive income	0
Balance as of October 3, 2014	$ 3

[1] Derived from audited financial statements.

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Supplemental Financial Information (Tables)

6 Months Ended

Oct. 03, 2014

Balance Sheet Related Disclosures [Abstract]

Schedule Of Property And Equipment, Net

	October 3, 2014			March 28, 2014
	(Dollars in millions)
Land	$	79		$	79
Computer hardware and software	1,825			1,797
Office furniture and equipment	141			140
Buildings	540			539
Leasehold improvements	368			356
Construction in progress	85			28
	3,038			2,939
Accumulated depreciation	(1,857		)	(1,823		)
Total	$	1,181		$	1,116

Schedule Of Accumulated Other Comprehensive Income

Components of accumulated other comprehensive income, on a net of tax basis, were as follows:

	Foreign Currency Translation Adjustments			Unrealized Gain On   Available-For-Sale Securities		Total
	(Dollars in millions)
Balance as of March 28, 2014	$	191		$	3	$	194
Other comprehensive income before reclassifications	(40		)	—		(40		)
Amounts reclassified from accumulated other comprehensive income	—			—		—
Balance as of October 3, 2014	$	151		$	3	$	154

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Restructuring, Separation, And Transition (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended					0 Months Ended
	Oct. 03, 2014 Fiscal 2014 Plan	Oct. 03, 2014 Fiscal 2014 Plan Restructuring Plan - Severance	Oct. 03, 2014 Fiscal 2015 Plan	Oct. 03, 2014 Fiscal 2015 Plan Restructuring Plan - Severance	Oct. 03, 2014 Fiscal 2015 Plan Separation Costs	Nov. 03, 2014 Subsequent Event Fiscal 2015 Plan Minimum	Nov. 03, 2014 Subsequent Event Fiscal 2015 Plan Minimum Restructuring Plan - Severance	Nov. 03, 2014 Subsequent Event Fiscal 2015 Plan Minimum Separation Costs	Nov. 03, 2014 Subsequent Event Fiscal 2015 Plan Maximum	Nov. 03, 2014 Subsequent Event Fiscal 2015 Plan Maximum Restructuring Plan - Severance	Nov. 03, 2014 Subsequent Event Fiscal 2015 Plan Maximum Separation Costs	Oct. 09, 2014 Information Management Subsequent Event Tax-free Distribution company
Restructuring Cost and Reserve [Line Items]
Cumulative incurred to date	$ 238	$ 235	$ 17	$ 8	$ 9
Planned number of independent companies												2
Expected cost						$ 180	$ 100	$ 80	$ 220	$ 120	$ 100

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Stock Repurchases (Tables)

6 Months Ended

Oct. 03, 2014

Stock Repurchases [Abstract]

Schedule Of Stock Repurchases

The following table summarizes our stock repurchase activity:

	Three Months Ended   October 3, 2014					Six Months Ended   October 3, 2014
	(In millions, except per share data)
Total number of shares repurchased				5					11
Dollar amount of shares repurchased				$	125				$	250
Average price paid per share				$	23.75				$	22.12
Range of price paid per share	$	22.42	-	$	25.30	$	19.59	-	$	25.30

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Basis Of Presentation

6 Months Ended

Oct. 03, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis Of Presentation

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Symantec Corporation (“Symantec,” “we,” “us,” “our,” and “the Company” refer to Symantec Corporation and all of its subsidiaries) as of October 3, 2014 and March 28, 2014, and for the three and six months ended October 3, 2014 and September 27, 2013 have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S.”) for interim financial information and with the instructions on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In accordance with those rules and regulations, we have omitted certain information and notes normally provided in our annual Consolidated Financial Statements. In the opinion of management, the unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting only of normal recurring items, except as otherwise noted, necessary for the fair presentation of our financial position, results of operations, and cash flows for the interim periods. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. The results of operations for the three and six months ended October 3, 2014 are not necessarily indicative of the results expected for the entire fiscal year.

We have a 52/53-week fiscal accounting year. Unless otherwise stated, references to three and six month ended periods in this report relate to fiscal periods ended October 3, 2014 and September 27, 2013. The six months ended October 3, 2014 consisted of 27 weeks, whereas the six months ended September 27, 2013 consisted of 26 weeks. Our 2015 fiscal year consists of 53 weeks and ends on April 3, 2015.

There have been no material changes in our significant accounting policies for the three and six months ended October 3, 2014, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. Certain immaterial amounts in our 2014 Condensed Consolidated Financial Statements within operating expenses have been reclassified to be comparable with classifications used in our 2015 Condensed Consolidated Financial Statements.

Segment reporting change

In fiscal 2015, we are focused on managing our businesses as a portfolio and optimizing certain businesses for margin or growth. As a result, beginning from the second quarter of fiscal year 2015, we modified our segment reporting structure to match our new operating structure and how our Chief Operating Decision Maker ("CODM") reviews the business and allocates resources. The CODM function is comprised of our Chief Executive Officer and Chief Financial Officer. Reclassifications of prior period segment information have been made to conform to the current period presentation. This change does not impact our previously reported Condensed Consolidated Financial Statements. See Note 8 for additional information on our segment reporting change.

Recently issued authoritative guidance

On April 10, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-08, Presentation of Financial Statements and Property, Plant and Equipment, that provides new guidance related to reporting discontinued operations. This new standard raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The new standard is effective for the Company April 4, 2015, and will impact the treatment of the tax-free separation of our information management business that is expected to occur by the end of December 2015. See Note 12 for information regarding the separation. Early adoption is permitted but only for disposals that have not been reported in financial statements previously issued. We are evaluating the impact of adopting this new accounting guidance on our Condensed Consolidated Financial Statements and related disclosures.

On May 28, 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, that requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers, and will replace most existing revenue recognition guidance in U.S. GAAP. The new standard is effective for the Company April 1, 2017, and early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that the standard will have on our Condensed Consolidated Financial Statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

There was no other recently issued authoritative guidance that has a material impact to our Condensed Consolidated Financial Statements through the reporting date.

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Condensed Consolidated Statements Of Income (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014		Sep. 27, 2013
Net revenue:
Content, subscription, and maintenance	$ 1,445	$ 1,499	$ 3,019		$ 3,019
License	172	138	333		327
Total net revenue	1,617	1,637	3,352		3,346
Cost of revenue:
Content, subscription, and maintenance	240	252	509		515
License	25	19	52		41
Amortization of intangible assets	13	13	26		28
Total cost of revenue	278	284	587		584
Gross profit	1,339	1,353	2,765		2,762
Operating expenses:
Sales and marketing	565	592	1,209		1,244
Research and development	276	248	584		510
General and administrative	93	114	196		233
Amortization of intangible assets	27	29	56		100
Restructuring, separation, and transition	30	122	50	[1]	203
Total operating expenses	991	1,105	2,095		2,290
Operating income	348	248	670		472
Interest income	3	3	6		6
Interest expense	(19)	(20)	(40)		(45)
Other income, net	1	20	2		38
Income before income taxes	333	251	638		471
Provision for income taxes	89	10	158		73
Net income	$ 244	$ 241	$ 480		$ 398
Basic net income per share (in dollars per share)	$ 0.35	$ 0.34	$ 0.69		$ 0.57
Diluted net income per share (in dollars per share)	$ 0.35	$ 0.34	$ 0.69		$ 0.56
Weighted-average shares outstanding — basic (in shares)	690	699	691		698
Weighted-average shares outstanding — diluted (in shares)	696	707	697		707
Cash dividends declared per common share (in dollars per share)	$ 0.15	$ 0.15	$ 0.30		$ 0.30

[1] Adjustments primarily relate to foreign currency exchange rate fluctuations.

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Earnings Per Share

6 Months Ended

Oct. 03, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The components of earnings per share are as follows:

	Three Months Ended				Six Months Ended
	October 3, 2014		September 27, 2013		October 3, 2014		September 27, 2013
	(In millions, except per grant data)
Net income	$	244	$	241	$	480	$	398
Net income per share — basic	$	0.35	$	0.34	$	0.69	$	0.57
Net income per share — diluted	$	0.35	$	0.34	$	0.69	$	0.56
Weighted-average outstanding common shares — basic	690		699		691		698
Dilutive potential shares issuable from assumed exercise of stock options	1		2		1		2
Dilutive potential shares related to stock award plans	5		6		5		7
Weighted-average shares outstanding — diluted	696		707		697		707
Anti-dilutive weighted-average stock options	1		3		2		4
Anti-dilutive weighted-average restricted stock	—		—		—		—

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Document And Entity Information	6 Months Ended
	Oct. 03, 2014	Oct. 31, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 03, 2014
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Entity Registrant Name	SYMANTEC CORP
Entity Central Index Key	0000849399
Current Fiscal Year End Date	--04-03
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		690,147,433

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Subsequent Event

6 Months Ended

Oct. 03, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Event

The Planned Separation of Information Management from the Security Business

On October 9, 2014, we announced plans to separate our business into two independent publicly-traded companies: one focused on security and one focused on information management. The transaction is intended to take the form of a tax-free distribution to Symantec shareholders of 100% of the capital stock of our information management business. We expect to complete the transaction by the end of December 2015, subject to market, regulatory and certain other conditions. John Gannon has been appointed as General Manager of the information management business, and Don Rath has been appointed as acting Chief Financial Officer. After the transaction, Michael Brown and Thomas Seifert will continue to lead Symantec as Chief Executive Officer and Chief Financial Officer, respectively. For additional cost information, see Note 5.

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Condensed Consolidated Statements Of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014	Sep. 27, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 244	$ 241	$ 480	$ 398
Foreign currency translation adjustments:
Translation adjustments	(42)	14	(40)	(4)
Net foreign currency translation adjustments	(42)	14	(40)	(4)
Available-for-sale securities:
Unrealized gain on available-for-sale securities, net of taxes of $0 million and $0 million for the three and six months ended October 3, 2014 and September 27, 2013, respectively	0	1	0	0
Reclassification adjustments for realized gain included in net income, net of taxes of $0 million and $5 million for the three months ended October 3, 2014 and September 27, 2013, respectively, and $0 million and $10 million for the six months ended October 3, 2014 and September 27, 2013, respectively	0	(11)	0	(14)
Net change in unrealized (loss) gain on available-for-sale securities	0	(10)	0	(14)
Other comprehensive (loss) income, net of taxes	(42)	4	(40)	(18)
Comprehensive income	$ 202	$ 245	$ 440	$ 380

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Commitments And Contingencies

6 Months Ended

Oct. 03, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Commitments and Contingencies

Indemnification

In the ordinary course of business, we may provide indemnifications of varying scope and terms to customers, vendors, lessors, business partners, subsidiaries and other parties with respect to certain matters, including, but not limited to, losses arising out of our breach of agreements or representations and warranties made by us. In addition, our bylaws contain indemnification obligations to our directors, officers, employees and agents, and we have entered into indemnification agreements with our directors and certain of our officers to give such directors and officers additional contractual assurances regarding the scope of the indemnification set forth in our bylaws and to provide additional procedural protections. We maintain director and officer insurance, which may cover certain liabilities arising from our obligation to indemnify our directors and officers. It is not possible to determine the aggregate maximum potential loss under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Such indemnification agreements might not be subject to maximum loss clauses. Historically, we have not incurred material costs as a result of obligations under these agreements and we have not accrued any liabilities related to such indemnification obligations in our Condensed Consolidated Financial Statements.

We provide limited product warranties and the majority of our software license agreements contain provisions that indemnify licensees of our software from damages and costs resulting from claims alleging that our software infringes on the intellectual property rights of a third party. Historically, payments made under these provisions have been immaterial. We monitor the conditions that are subject to indemnification to identify if a loss has occurred.

Litigation contingencies

During the first quarter of fiscal 2013, we were advised by the Commercial Litigation Branch of the Department of Justice’s Civil Division and the Civil Division of the U.S. Attorney’s Office for the District of Columbia that the government is investigating our compliance with certain provisions of our U.S. General Services Administration (“GSA”) Multiple Award Schedule Contract No. GS-35F-0240T effective January 24, 2007, including provisions relating to pricing, country of origin, accessibility, and the disclosure of commercial sales practices.

As reported on the GSA’s publicly-available database, our total sales under the GSA Schedule contract were approximately $222 million from the period beginning January 2007 and ending September 2012. We have fully cooperated with the government throughout its investigation and in January 2014, representatives of the government indicated that their initial analysis of our actual damages exposure from direct government sales under the GSA schedule is approximately $145 million; since the initial meeting, the government’s analysis of our potential damages exposure relating to direct sales has increased. The government has also indicated they are going to pursue claims for certain sales to New York, California, and Florida as well as sales to the federal government through reseller GSA Schedule contracts, which could significantly increase our potential damages exposure.

In 2012, a sealed civil lawsuit was filed against Symantec related to compliance with the GSA Schedule contract and contracts with California, Florida, and New York. On July 18, 2014, the Court-imposed seal expired, and the government intervened in the lawsuit. On September 16, 2014, the states of California and Florida intervened in the lawsuit, and the state of New York notified the Court that it would not intervene. On October 3, 2014, the Department of Justice filed an amended complaint, which did not state a specific damages amount. On October 17, 2014, California and Florida combined their claims with those of the Department of Justice in an Omnibus Complaint; the state claims also do not state specific damages amounts. Symantec and the government continue to discuss potential resolutions through confidential settlement discussions.

It is possible that the litigation could lead to claims or findings of violations of the False Claims Act, and could be material to our results of operations and cash flows for any period. Resolution of False Claims Act investigations can ultimately result in the payment of somewhere between one and three times the actual damages proven by the government, plus civil penalties in some cases, depending upon a number of factors. Our current estimate of the low end of the range of the probable estimated loss from this matter is $25 million, which we have accrued. This amount contemplates estimated losses from both the investigation of compliance with the terms of the GSA Schedule contract as well as possible violations of the False Claims Act. There is at least a reasonable possibility that a loss may have been incurred in excess of our accrual for this matter, however, we are currently unable to determine a range of estimated losses resulting from this matter.

We are also involved in a number of other judicial and administrative proceedings that are incidental to our business. Although adverse decisions (or settlements) may occur in one or more of the cases, it is not possible to estimate the possible loss or losses from each of these cases. The final resolution of these lawsuits, individually or in the aggregate, is not expected to have a material adverse effect on our business, results of operations, financial condition or cash flow.

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Restructuring, Separation, And Transition

6 Months Ended

Oct. 03, 2014

Restructuring and Related Activities [Abstract]

Restructuring And Transition

Restructuring, Separation, and Transition

Our restructuring, separation, and transition costs and liabilities consist primarily of severance, facilities, separation, transition and other related costs. Severance costs generally include severance payments, outplacement services, health insurance coverage, and legal costs. Facilities costs generally include rent expense and lease termination costs, less estimated sublease income. Separation and other related costs will include advisory, consulting and other costs incurred in connection with the separation of our information management business. Transition and other related costs consist of consulting charges associated with the implementation of a new Enterprise Resource Planning system, and costs related to the outsourcing of certain back office functions. Restructuring, separation, and transition costs are managed at the corporate level and are not allocated to our reportable segments. See Note 8 of these Condensed Consolidated Financial Statements for information regarding the reconciliation of total segment operating income to total consolidated operating income.

Restructuring plans

Fiscal 2014 Plan

We initiated a restructuring plan in the fourth quarter of fiscal 2013 to reduce management and redundant personnel resulting in headcount reductions across the Company. As of October 3, 2014, total costs related to this plan incurred since inception were $238 million, primarily related to severance and related employee benefits. The costs for severance and benefits are substantially complete, however we expect to incur immaterial adjustments to existing reserves in subsequent periods.

Fiscal 2015 Plan

Our Board of Directors has approved the strategic decision to separate our business into two independent publicly-traded companies: one focused on security and one focused on information management. We expect to complete this transaction by the end of December 2015, subject to market, regulatory and certain other conditions. In order to separate the business, we initiated a restructuring plan to properly align personnel and expect to incur associated severance and facilities costs. We also expect to incur separation costs in the form of advisory, consulting and disentanglement expenses. These actions are expected to be completed in fiscal 2016. In connection with this plan, through October 3, 2014, we incurred charges of $17 million consisting of $8 million related to severance costs, and $9 million in separation costs. As of November 3, 2014, we expect to incur total severance and facilities costs between $100 million and $120 million, approximately half of which is expected to be incurred in fiscal 2015. We expect to incur separation costs between $80 million and $100 million, excluding any potential tax implications outside the U.S and potential advisor fees payable upon separation. Total restructuring and separation costs are expected to be between $180 million and $220 million.

Other exit and disposal costs

Our other exit and disposal costs consist primarily of costs associated with closing or consolidating certain facilities. Largely as a result of business acquisitions, management may make a plan to exit certain facilities either at the time of acquisition or after the acquisition in conjunction with our efforts to integrate and streamline our operations. As of October 3, 2014, liabilities for these excess facility obligations at several locations around the world are expected to be paid throughout the respective lease terms as we continue to occupy these facilities, the longest of which extends through fiscal 2016.

Restructuring, separation, and transition summary

	March 28, 2014		Costs, Net of Adjustments (1)		Cash Payments			October 3, 2014		Cumulative Incurred to Date
	(Dollars in millions)
Restructuring and separation liabilities:
Fiscal 2014 Plan
Severance costs	$	38	$	16	$	(42	)	$	12	$	235
Other exit and disposal costs	—		—		—			—		$	3
Fiscal 2014 Plan Total	$	38	$	16	$	(42	)	$	12	$	238
Fiscal 2015 Plan
Severance costs	—		8		—			8		$	8
Separation costs	—		9		(9		)	—		$	9
Other exit and disposal costs	—		—		—			—		—
Fiscal 2015 Plan Total	$	—	$	17	$	(9	)	$	8	$	17
Total restructuring and separation liabilities	$	38	$	33	$	(51	)	$	20
Transition and other related costs			17
Total restructuring, separation, and transition costs			$	50
Balance Sheet:
Other current liabilities	$	37						$	19
Other long-term obligations	1							1
Total restructuring liabilities	$	38						$	20

(1) Adjustments primarily relate to foreign currency exchange rate fluctuations.

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Restructuring, Separation, And Transition (Tables)

6 Months Ended

Oct. 03, 2014

Restructuring and Related Activities [Abstract]

Schedule Of Restructuring Summary

	March 28, 2014		Costs, Net of Adjustments (1)		Cash Payments			October 3, 2014		Cumulative Incurred to Date
	(Dollars in millions)
Restructuring and separation liabilities:
Fiscal 2014 Plan
Severance costs	$	38	$	16	$	(42	)	$	12	$	235
Other exit and disposal costs	—		—		—			—		$	3
Fiscal 2014 Plan Total	$	38	$	16	$	(42	)	$	12	$	238
Fiscal 2015 Plan
Severance costs	—		8		—			8		$	8
Separation costs	—		9		(9		)	—		$	9
Other exit and disposal costs	—		—		—			—		—
Fiscal 2015 Plan Total	$	—	$	17	$	(9	)	$	8	$	17
Total restructuring and separation liabilities	$	38	$	33	$	(51	)	$	20
Transition and other related costs			17
Total restructuring, separation, and transition costs			$	50
Balance Sheet:
Other current liabilities	$	37						$	19
Other long-term obligations	1							1
Total restructuring liabilities	$	38						$	20

(1) Adjustments primarily relate to foreign currency exchange rate fluctuations.

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Basis Of Presentation (Policy)

6 Months Ended

Oct. 03, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Symantec Corporation (“Symantec,” “we,” “us,” “our,” and “the Company” refer to Symantec Corporation and all of its subsidiaries) as of October 3, 2014 and March 28, 2014, and for the three and six months ended October 3, 2014 and September 27, 2013 have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S.”) for interim financial information and with the instructions on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In accordance with those rules and regulations, we have omitted certain information and notes normally provided in our annual Consolidated Financial Statements. In the opinion of management, the unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting only of normal recurring items, except as otherwise noted, necessary for the fair presentation of our financial position, results of operations, and cash flows for the interim periods. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. The results of operations for the three and six months ended October 3, 2014 are not necessarily indicative of the results expected for the entire fiscal year.

We have a 52/53-week fiscal accounting year. Unless otherwise stated, references to three and six month ended periods in this report relate to fiscal periods ended October 3, 2014 and September 27, 2013. The six months ended October 3, 2014 consisted of 27 weeks, whereas the six months ended September 27, 2013 consisted of 26 weeks. Our 2015 fiscal year consists of 53 weeks and ends on April 3, 2015.

There have been no material changes in our significant accounting policies for the three and six months ended October 3, 2014, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. Certain immaterial amounts in our 2014 Condensed Consolidated Financial Statements within operating expenses have been reclassified to be comparable with classifications used in our 2015 Condensed Consolidated Financial Statements.

Segment reporting change

In fiscal 2015, we are focused on managing our businesses as a portfolio and optimizing certain businesses for margin or growth. As a result, beginning from the second quarter of fiscal year 2015, we modified our segment reporting structure to match our new operating structure and how our Chief Operating Decision Maker ("CODM") reviews the business and allocates resources. The CODM function is comprised of our Chief Executive Officer and Chief Financial Officer. Reclassifications of prior period segment information have been made to conform to the current period presentation. This change does not impact our previously reported Condensed Consolidated Financial Statements. See Note 8 for additional information on our segment reporting change.

Recently issued authoritative guidance

On April 10, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-08, Presentation of Financial Statements and Property, Plant and Equipment, that provides new guidance related to reporting discontinued operations. This new standard raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The new standard is effective for the Company April 4, 2015, and will impact the treatment of the tax-free separation of our information management business that is expected to occur by the end of December 2015. See Note 12 for information regarding the separation. Early adoption is permitted but only for disposals that have not been reported in financial statements previously issued. We are evaluating the impact of adopting this new accounting guidance on our Condensed Consolidated Financial Statements and related disclosures.

On May 28, 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, that requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers, and will replace most existing revenue recognition guidance in U.S. GAAP. The new standard is effective for the Company April 1, 2017, and early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that the standard will have on our Condensed Consolidated Financial Statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

There was no other recently issued authoritative guidance that has a material impact to our Condensed Consolidated Financial Statements through the reporting date.

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Stock-Based Compensation

6 Months Ended

Oct. 03, 2014

Share-based Compensation [Abstract]

Stock-Based Compensation

Stock-Based Compensation

The following table sets forth the total stock-based compensation expense recognized in our Condensed Consolidated Statements of Income:

	Three Months Ended						Six Months Ended
	October 3, 2014			September 27, 2013			October 3, 2014			September 27, 2013
	(Dollars in millions)
Cost of revenue	$	6		$	4		$	12		$	8
Sales and marketing	18			15			35			29
Research and development	15			12			28			25
General and administrative	7			7			14			15
Total stock-based compensation expense	46			38			89			77
Tax benefit associated with stock-based compensation expense	(14		)	(10		)	(26		)	(21		)
Net stock-based compensation expense	$	32		$	28		$	63		$	56
Net stock-based compensation expense per share — basic	$	0.05		$	0.04		$	0.09		$	0.08
Net stock-based compensation expense per share — diluted	$	0.05		$	0.04		$	0.09		$	0.08

The following table summarizes additional information pertaining to our stock-based compensation:

	Six Months Ended
	October 3, 2014		September 27, 2013
	(Dollars in millions, except per grant data)
Restricted stock
Weighted-average fair value per grant	$	21.48	$	24.23
Fair value of awards granted	$	267	$	63
Total fair value of awards vested	$	87	$	89
Total unrecognized compensation expense	$	367	$	208
Weighted-average remaining vesting period	3 years		2 years
Performance-based restricted stock
Weighted-average fair value per grant	$	26.30	$	19.04
Fair value of awards granted	$	44	$	33
Total fair value of awards vested	$	21	$	12
Total unrecognized compensation expense	$	21	$	33
Weighted-average remaining vesting period	2 years		2 years
Stock options
Weighted-average fair value per grant	$	—	$	—
Total intrinsic value of stock options exercised	$	6	$	48
Total unrecognized compensation expense	$	2	$	9
Weighted-average remaining vesting period	1 year		1 year

Performance-based restricted stock units

Our Board of Directors appointed Michael A. Brown as our new President and Chief Executive Officer ("CEO"), effective September 24, 2014. During the second quarter of fiscal 2015, we granted 344,717 performance-based restricted stock units, ("PRUs") to our new CEO which had a fair value of $11 million. These PRUs are subject to vesting based on the Company’s achievement of (1) targeted non-GAAP earnings per share for fiscal 2015 and (2) the achievement of the total shareholder return (“TSR”) ranking for the Company as compared to the S&P 500 for the 2 year period ending at the end of fiscal 2016 and for the three year period ending at the end of fiscal 2017. The fair value of these PRUs was calculated using a Monte Carlo simulation option pricing model. Additionally, we granted 147,736 restricted stock units (“RSUs”) to Mr. Brown that will vest in three annual installments beginning on September 1, 2015. The compensation expense is amortized ratably over the requisite service period.

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Stock Repurchases

6 Months Ended

Oct. 03, 2014

Stock Repurchases [Abstract]

Stock Repurchases

Stock Repurchases

The following table summarizes our stock repurchase activity:

	Three Months Ended   October 3, 2014					Six Months Ended   October 3, 2014
	(In millions, except per share data)
Total number of shares repurchased				5					11
Dollar amount of shares repurchased				$	125				$	250
Average price paid per share				$	23.75				$	22.12
Range of price paid per share	$	22.42	-	$	25.30	$	19.59	-	$	25.30

Through our stock repurchase programs we have repurchased shares on a quarterly basis since the fourth quarter of fiscal 2004. During the fourth quarter of fiscal 2013, our Board of Directors authorized a $1.0 billion stock repurchase program which commenced in fiscal 2014. Our active stock repurchase program has $408 million remaining authorized for future repurchase as of October 3, 2014, and does not have an expiration date.

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Segment Information

6 Months Ended

Oct. 03, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

In fiscal 2015, we are focused on managing our businesses as a portfolio and optimizing certain businesses for margin or growth. As a result, in the second quarter of fiscal 2015 we formed a new consumer group and modified our segment reporting structure to match our operating structure based on financial information reviewed by our CODM. Consumer Security consists of our consumer businesses that were previously reported in User Productivity & Protection. Enterprise Security consists of our enterprise security businesses that were previously reported in User Productivity & Protection and Information Security. Our Information Management segment was not impacted by the change in our operating structure. The three reporting segments, which are the same as our operating segments, are as follows:

• Consumer Security: Our Consumer Security segment focuses on making it simple for customers to be productive and protected at home and at work. Our Norton-branded services provide multi-layer security and identity protection on major desktop and mobile operating systems, to defend against increasingly complex online threats to individuals, families, and small businesses.

• Enterprise Security: Our Enterprise Security segment protects organizations so they can securely conduct business while leveraging new platforms and data. These products include our Secure Socket Layer ("SSL") Certificates, authentication, mail and web security, data center security, data loss prevention, information security services, endpoint security and management, encryption, and mobile offerings.

• Information Management: Our Information Management segment focuses on backup and recovery, archiving and eDiscovery, storage and high availability solutions, ensuring that our customers’ IT infrastructure and mission-critical applications are protected, managed and available.

There were no intersegment sales during the three and six months ended October 3, 2014 or September 27, 2013. Reclassifications of prior period information have been made to conform to the current period presentation. The following table summarizes the operating results of our reporting segments:

	Consumer Security			Enterprise   Security			Information     Management			Total Segments
	(Dollars in millions)
Three Months Ended October 3, 2014
Net revenue	$	485		$	511		$	621		$	1,617
Percentage of total net revenue	30		%	32		%	38		%	100		%
Operating income	257			85			122			464
Operating margin	53		%	17		%	20		%
Three Months Ended September 27, 2013
Net revenue	$	518		$	517		$	602		$	1,637
Percentage of total net revenue	32		%	31		%	37		%	100		%
Operating income	225			80			145			450
Operating margin	43		%	15		%	24		%
Six Months Ended October 3, 2014
Net revenue	$	1,018		$	1,063		$	1,271		$	3,352
Percentage of total net revenue	30		%	32		%	38		%	100		%
Operating income	525			155			211			891
Operating margin	52		%	15		%	17		%
Six Months Ended September 27, 2013
Net revenue	$	1,042		$	1,061		$	1,243		$	3,346
Percentage of total net revenue	31		%	32		%	37		%	100		%
Operating income	449			138			293			880
Operating margin	43		%	13		%	24		%

Operating segments are based upon the nature of the business and how the business is managed. Our CODM uses financial information to evaluate the performance of, and to assign resources to, each of the operating segments. We do not allocate to the operating segments certain operating expenses, which we manage separately at the corporate level. These unallocated costs can include amortization of intangible assets, restructuring, separation, and transition charges, stock-based compensation expense, and acquisition-related charges.

The reconciliation of total segment operating income to total consolidated operating income is as follows:

	Three Months Ended				Six Months Ended
	October 3, 2014		September 27, 2013		October 3, 2014		September 27, 2013
	(Dollars in millions)
Total segment operating income	$	464	$	450	$	891	$	880
Reconciling items:
Stock-based compensation	46		38		89		77
Amortization of intangibles	40		42		82		128
Restructuring, separation, and transition	30		122		50		203
Total consolidated operating income	$	348	$	248	$	670	$	472

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Income Taxes

6 Months Ended

Oct. 03, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective tax rate was approximately 27% and 25% for the three and six months ended October 3, 2014, and 4% and 15% for the three and six months ended September 27, 2013, respectively.

For the three and six months ended October 3, 2014, the tax expense was reduced by $3 million and $20 million, respectively, in tax benefits primarily resulting from tax settlements, lapses of statutes of limitations, and prior year items.

For the three and six months ended September 27, 2013, the tax provision was reduced by $33 million for the resolution of a tax matter related to the sale of our 49% ownership interest in the joint venture with Huawei during the fourth quarter of fiscal 2012, as well as by $24 million for tax benefits related to the settlement of the Symantec 2005 through 2008 Internal Revenue Service (“IRS”) audit. The tax provision for the three and six months ended September 27, 2013 was further reduced by $8 million and $11 million in tax benefits, respectively, primarily resulting from individually insignificant tax settlements, lapses of statutes of limitations, and prior year items. These tax benefits were offset by $6 million and $12 million in tax expense, for the three and six months ended September 27, 2013, respectively, resulting from the sale of short-term investments.

The provision for the three and six months ended October 3, 2014 and September 27, 2013 otherwise reflects a forecasted tax rate of 27% and 29%, for each period, respectively. The forecasted tax rates for all periods presented reflect the benefits of lower-taxed international earnings and domestic manufacturing incentives, partially offset by state income taxes. The forecasted tax rate for the period ended September 27, 2013 includes the partial benefit of the U.S. federal research and development tax credit which expired on December 31, 2013.

We are a U.S.-based multinational company subject to tax in multiple U.S. and international tax jurisdictions. A substantial portion of our international earnings were generated from subsidiaries organized in Ireland and Singapore. Our results of operations would be adversely affected to the extent that our geographical mix of income becomes more weighted toward jurisdictions with higher tax rates and would be favorably affected to the extent the relative geographic mix shifts to lower tax jurisdictions. Any change in our mix of earnings is dependent upon many factors and is therefore difficult to predict.

The timing of the resolution of income tax examinations is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Although potential resolution of uncertain tax positions involve multiple tax periods and jurisdictions, it is reasonably possible that the gross unrecognized tax benefits related to these audits could decrease, whether by payment, remeasurement, and/or release in the next 12 months, by between $30 million and $150 million. Depending on the nature and timing of such settlements and expiration of statutes of limitations during the next 12 months, we estimate between $15 million and $70 million could affect our income tax provision and therefore benefit the resulting effective tax rate. As of October 3, 2014, we have $127 million on deposit with the IRS pertaining to U.S. tax matters in the Symantec fiscal 2009 through 2013 audit cycle, and it is reasonably possible that additional cash payments between $15 million and $65 million will be made in the next 12 months.

We continue to monitor the progress of ongoing tax controversies and the impact, if any, of the expected expiration of the statute of limitations in various taxing jurisdictions.

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Supplemental Financial Information (Narrative) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended		0 Months Ended	3 Months Ended	6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014	Sep. 27, 2013	Nov. 05, 2014 Common Stock Subsequent Event	Oct. 03, 2014 Reclassification out of Accumulated Other Comprehensive Income	Oct. 03, 2014 Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cash dividends declared per common share	$ 0.15	$ 0.15	$ 0.30	$ 0.30	$ 0.15
Dividends paid, net	$ 104		$ 207	$ 210
Dividends payable, date declared					Nov. 05, 2014
Dividends payable, date to be paid					Dec. 17, 2014
Dividends payable, date of record					Nov. 24, 2014
Net income	$ 244	$ 241	$ 480	$ 398		$ 0	$ 0

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Goodwill And Intangible Assets (Tables)

6 Months Ended

Oct. 03, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule Of Changes In The Carrying Amount Of Goodwill

The changes in the carrying amount of goodwill were as follows:

	Consumer Security			Enterprise Security			Information Management			Total
	(Dollars in millions)
Net balance as of March 28, 2014	$	1,233		$	1,918		$	2,707		$	5,858
Additions (1)	—			11			—			11
Adjustments (2)	(1		)	(6		)	(2		)	(9		)
Net balance as of October 3, 2014	$	1,232		$	1,923		$	2,705		$	5,860

(1)  Additions due to an acquired business.

(2)  Adjustments made to goodwill reflect foreign currency exchange rate fluctuations.

Schedule Of Intangible Assets, Net

	October 3, 2014								March 28, 2014
	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Weighted- Average Remaining Useful Life	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Weighted- Average Remaining Useful Life
	(Dollars in millions)
Customer relationships	$	757	$	(513	)	$	244	3 years	$	766	$	(469	)	$	297	3 years
Developed technology	283		(155		)	128		3 years	287		(142		)	145		4 years
Finite-lived tradenames	125		(110		)	15		1 year	125		(103		)	22		2 years
Patents	21		(15		)	6		3 years	21		(14		)	7		4 years
Indefinite-lived tradenames	297		—			297		Indefinite	297		—			297		Indefinite
Total	$	1,483	$	(793	)	$	690	2 years	$	1,496	$	(728	)	$	768	3 years

Schedule Of Future Intangible Asset Amortization Expense

Total future amortization expense for intangible assets that have finite lives is as follows:

	October 3, 2014
	(Dollars in millions)
Remainder of fiscal 2015	$	76
2016	106
2017	88
2018	67
2019	37
Thereafter	19
Total	$	393

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Stock-Based Compensation (Tables)

6 Months Ended

Oct. 03, 2014

Share-based Compensation [Abstract]

Schedule Of Stock-Based Compensation Expense Recognized In Our Condensed Consolidated Statements Of Income

The following table sets forth the total stock-based compensation expense recognized in our Condensed Consolidated Statements of Income:

	Three Months Ended						Six Months Ended
	October 3, 2014			September 27, 2013			October 3, 2014			September 27, 2013
	(Dollars in millions)
Cost of revenue	$	6		$	4		$	12		$	8
Sales and marketing	18			15			35			29
Research and development	15			12			28			25
General and administrative	7			7			14			15
Total stock-based compensation expense	46			38			89			77
Tax benefit associated with stock-based compensation expense	(14		)	(10		)	(26		)	(21		)
Net stock-based compensation expense	$	32		$	28		$	63		$	56
Net stock-based compensation expense per share — basic	$	0.05		$	0.04		$	0.09		$	0.08
Net stock-based compensation expense per share — diluted	$	0.05		$	0.04		$	0.09		$	0.08

Schedule Of Stock-Based Compensation Arrangements By Stock-Based Payment Award

The following table summarizes additional information pertaining to our stock-based compensation:

	Six Months Ended
	October 3, 2014		September 27, 2013
	(Dollars in millions, except per grant data)
Restricted stock
Weighted-average fair value per grant	$	21.48	$	24.23
Fair value of awards granted	$	267	$	63
Total fair value of awards vested	$	87	$	89
Total unrecognized compensation expense	$	367	$	208
Weighted-average remaining vesting period	3 years		2 years
Performance-based restricted stock
Weighted-average fair value per grant	$	26.30	$	19.04
Fair value of awards granted	$	44	$	33
Total fair value of awards vested	$	21	$	12
Total unrecognized compensation expense	$	21	$	33
Weighted-average remaining vesting period	2 years		2 years
Stock options
Weighted-average fair value per grant	$	—	$	—
Total intrinsic value of stock options exercised	$	6	$	48
Total unrecognized compensation expense	$	2	$	9
Weighted-average remaining vesting period	1 year		1 year

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Subsequent Event (Details) (Information Management, Tax-free Distribution, Subsequent Event)	0 Months Ended
	Oct. 09, 2014 company
Information Management | Tax-free Distribution | Subsequent Event
Subsequent Event [Line Items]
Planned number of independent companies	2
Percentage of capital stock planned to be distributed	100.00%

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Segment Information (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014 segment	Sep. 27, 2013
Segment Reporting Information [Line Items]
Number of reportable segments			3
Net revenue	$ 1,617	$ 1,637	$ 3,352	$ 3,346
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net revenue	$ 0	$ 0	$ 0	$ 0

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Condensed Consolidated Statements Of Comprehensive Income (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Oct. 03, 2014	Sep. 27, 2013	Oct. 03, 2014	Sep. 27, 2013
Statement of Comprehensive Income [Abstract]
Unrealized gain on available-for-sale securities, tax	$ 0	$ 0	$ 0	$ 0
Reclassification adjustments for realized gain included in net income, tax	$ 0	$ 5	$ 0	$ 10

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Supplemental Financial Information

6 Months Ended

Oct. 03, 2014

Balance Sheet Related Disclosures [Abstract]

Supplemental Financial Information

Supplemental Financial Information

Property and equipment, net

	October 3, 2014			March 28, 2014
	(Dollars in millions)
Land	$	79		$	79
Computer hardware and software	1,825			1,797
Office furniture and equipment	141			140
Buildings	540			539
Leasehold improvements	368			356
Construction in progress	85			28
	3,038			2,939
Accumulated depreciation	(1,857		)	(1,823		)
Total	$	1,181		$	1,116

Dividends and dividend equivalents

During the quarter ended October 3, 2014, we declared and paid a cash dividend of $0.15 per common share for a total of $104 million. During the six months ended October 3, 2014, we declared and paid cash dividends of $0.30 per common share for a total of $207 million. Each quarterly dividend was recorded as a reduction to additional paid-in capital. In addition, our Board of Directors approved dividend equivalent rights entitling holders of restricted stock and performance-based stock to dividend equivalents to be paid in the form of cash upon vesting, for each share of the underlying units.

On November 5, 2014, we declared a cash dividend of $0.15 per share of common stock to be paid on December 17, 2014 to stockholders of record as of the close of business on November 24, 2014. All shares of common stock issued and outstanding, and unvested restricted stock and performance-based stock, as of the record date will be entitled to the dividend and dividend equivalents, respectively. Any future dividends and dividend equivalents will be subject to the approval of our Board of Directors.

Changes in accumulated other comprehensive income by component

Components of accumulated other comprehensive income, on a net of tax basis, were as follows:

	Foreign Currency Translation Adjustments			Unrealized Gain On   Available-For-Sale Securities		Total
	(Dollars in millions)
Balance as of March 28, 2014	$	191		$	3	$	194
Other comprehensive income before reclassifications	(40		)	—		(40		)
Amounts reclassified from accumulated other comprehensive income	—			—		—
Balance as of October 3, 2014	$	151		$	3	$	154

There were no effects to net income of amounts reclassified from accumulated other comprehensive income for the three and six months ended October 3, 2014.

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Earnings Per Share (Tables)

6 Months Ended

Oct. 03, 2014

Earnings Per Share [Abstract]

Schedule Of Components Of Earnings Per Share

The components of earnings per share are as follows:

	Three Months Ended				Six Months Ended
	October 3, 2014		September 27, 2013		October 3, 2014		September 27, 2013
	(In millions, except per grant data)
Net income	$	244	$	241	$	480	$	398
Net income per share — basic	$	0.35	$	0.34	$	0.69	$	0.57
Net income per share — diluted	$	0.35	$	0.34	$	0.69	$	0.56
Weighted-average outstanding common shares — basic	690		699		691		698
Dilutive potential shares issuable from assumed exercise of stock options	1		2		1		2
Dilutive potential shares related to stock award plans	5		6		5		7
Weighted-average shares outstanding — diluted	696		707		697		707
Anti-dilutive weighted-average stock options	1		3		2		4
Anti-dilutive weighted-average restricted stock	—		—		—		—

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Commitments And Contingencies (Details) (USD $) In Millions, unless otherwise specified	69 Months Ended
	Sep. 30, 2012	Oct. 03, 2014
GSA analysis of damage exposure		$ 145
GSA Schedule Contract
Total sales	222
Current estimate of the low end of the range of estimated loss		$ 25

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Fair Value Measurements (Tables)

6 Months Ended

Oct. 03, 2014

Fair Value Disclosures [Abstract]

Schedule Of The Carrying Value Of Assets Measured At Fair Value On A Recurring Basis

The following table summarizes our assets measured at fair value on a recurring basis, by level, within the fair value hierarchy:

	October 3, 2014						March 28, 2014
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(Dollars in millions)
Cash equivalents	$	1,810	$	60	$	1,870	$	2,380	$	40	$	2,420
Short-term investments:
Corporate bonds	—		297		297		—		120		120
U.S. government securities	207		—		207		95		—		95
U.S. agency securities	—		139		139		—		45		45
Commercial paper	—		71		71		—		24		24
Other investments	—		102		102		—		47		47
Marketable equity securities	5		—		5		6		—		6