Note 5. Supplemental Financial Information

Dividends

During fiscal 2014 we declared and paid common stock dividends of $418 million or $0.60 per share. 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. No dividends and dividend equivalents were paid in any periods prior to fiscal 2014. All dividends and dividend equivalents are 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 29, 2013	$	186	$	16	$	202
Other comprehensive income before reclassifications		5		-		5
Amounts reclassified from accumulated other comprehensive income		-		(13)		(13)
Balance as of March 28, 2014	$	191	$	3	$	194

The effects on net income of amounts reclassified from Accumulated Other Comprehensive Income were as follows:



	Year Ended
	March 28, 2014
	(Dollars in millions)
Details about Accumulated Other			Affected Line Item in the Condensed
Comprehensive Income Components			Consolidated Statement of Income
Unrealized gain on available-for-sale securities	$	24	Other (expense) income, net
Tax effects		(10)	Provision for income taxes
Total amount reclassified, net of taxes	$	14

Gain from sale of joint venture

In fiscal 2008, Symantec formed a joint venture with a subsidiary of Huawei Technologies Co., Limited (“Huawei”). On March 30, 2012, we sold our 49% ownership interest in the joint venture to Huawei for $530 million in cash. The gain of $530 million, offset by costs to sell the joint venture of $4 million, was included in gain from sale of joint venture in our Consolidated Statements of Income.

Other income (expense), net

In fiscal 2013, we began receiving a tax incentive from the China tax bureau in the form of value-added tax (“VAT”) refunds. The tax incentive is provided to companies that perform software research and development activities in China. The refunds relate to VAT collected on qualifying software product sales. This tax incentive plan enables companies to retrospectively apply the rules back to January 2011. As of March 28, 2014, we recognized cumulative refunds of $33 million, which were included in other income (expense), net in our Consolidated Statements of Income.