Ca (CA) 10-Q 28 Jul 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2016	Jul. 21, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	CA, INC.
Entity Central Index Key	356,028
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		418,948,659

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 2,776	$ 2,812
Trade accounts receivable, net	430	625
Other current assets	144	124
Total current assets	3,350	3,561
Property and equipment, net of accumulated depreciation of $830 and $832, respectively	229	242
Goodwill	6,084	6,086
Capitalized software and other intangible assets, net	725	795
Deferred income taxes	405	407
Other noncurrent assets, net	114	113
Total assets	10,907	11,204
Current liabilities:
Current portion of long-term debt	4	6
Accounts payable	78	77
Accrued salaries, wages and commissions	141	205
Accrued expenses and other current liabilities	337	352
Deferred revenue (billed or collected)	2,027	2,197
Taxes payable, other than income taxes payable	29	55
Federal, state and foreign income taxes payable	22	2
Total current liabilities	2,638	2,894
Long-term debt, net of current portion	1,946	1,947
Federal, state and foreign income taxes payable	145	148
Deferred income taxes	2	3
Deferred revenue (billed or collected)	654	737
Other noncurrent liabilities	95	97
Total liabilities	5,480	5,826
Stockholders' equity:
Preferred stock, no par value, 10,000,000 shares authorized; No shares issued and outstanding	0	0
Common stock, $0.10 par value, 1,100,000,000 shares authorized; 589,695,081 and 589,695,081 shares issued; 414,125,562 and 412,596,452 shares outstanding, respectively	59	59
Additional paid-in capital	3,628	3,664
Retained earnings	6,666	6,575
Accumulated other comprehensive loss	(445)	(416)
Treasury stock, at cost, 175,569,519 and 177,098,629 shares, respectively	(4,481)	(4,504)
Total stockholders' equity	5,427	5,378
Total liabilities and stockholders' equity	$ 10,907	$ 11,204

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2016	Mar. 31, 2016
Statement of Financial Position [Abstract]
Accumulated depreciation	$ 830	$ 832
Preferred stock, No par value (in dollars per share)	$ 0	$ 0
Preferred stock, Shares authorized	10,000,000	10,000,000
Preferred stock, Shares issued	0	0
Preferred stock, Shares outstanding	0	0
Common stock, Par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, Shares authorized	1,100,000,000	1,100,000,000
Common stock, Shares issued	589,695,081	589,695,081
Common stock, Shares outstanding	414,125,562	412,596,452
Treasury stock, Shares	175,569,519	177,098,629

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Revenue:
Subscription and maintenance	$ 826	$ 836
Professional services	77	79
Software fees and other	96	62
Total revenue	999	977
Expenses:
Costs of licensing and maintenance	68	66
Cost of professional services	75	71
Amortization of capitalized software costs	66	60
Selling and marketing	242	226
General and administrative	88	90
Product development and enhancements	148	136
Depreciation and amortization of other intangible assets	20	27
Other expenses (gains), net	0	(3)
Total expenses before interest and income taxes	707	673
Income from continuing operations before interest and income taxes	292	304
Interest expense, net	15	9
Income from continuing operations before income taxes	277	295
Income tax expense	79	88
Income from continuing operations	198	207
Income from discontinued operations, net of income taxes	0	5
Net income	$ 198	$ 212
Basic income per common share:
Income from continuing operations (in dollars per share)	$ 0.47	$ 0.47
Income from discontinued operations (in dollars per share)	0	0.01
Net income (in dollars per share)	$ 0.47	$ 0.48
Basic weighted average shares used in computation	414	436
Diluted income per common share:
Income from continuing operations (in dollars per share)	$ 0.47	$ 0.47
Income from discontinued operations (in dollars per share)	0	0.01
Net income (in dollars per share)	$ 0.47	$ 0.48
Diluted weighted average shares used in computation	415	438

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 198	$ 212
Other comprehensive (loss) income:
Foreign currency translation adjustments	(29)	32
Total other comprehensive (loss) income	(29)	32
Comprehensive income	$ 169	$ 244

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities from continuing operations:
Net income	$ 198	$ 212
Income from discontinued operations	0	(5)
Income from continuing operations	198	207
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	86	87
Deferred income taxes	3	(10)
Provision for bad debts	1	1
Share-based compensation expense	29	22
Other non-cash items	1	0
Foreign currency transaction (gains) losses	(2)	3
Changes in other operating assets and liabilities, net of effect of acquisitions:
Decrease in trade accounts receivable	193	228
Decrease in deferred revenue	(245)	(239)
(Decrease) increase in taxes payable, net	(41)	27
Increase (decrease) in accounts payable, accrued expenses and other	8	(33)
Decrease in accrued salaries, wages and commissions	(65)	(83)
Changes in other operating assets and liabilities	(5)	(22)
Net cash provided by operating activities - continuing operations	161	188
Investing activities from continuing operations:
Acquisitions of businesses, net of cash acquired, and purchased software	(1)	(37)
Purchases of property and equipment	(8)	(13)
Net cash used in investing activities - continuing operations	(9)	(50)
Financing activities from continuing operations:
Dividends paid	(107)	(110)
Purchases of common stock	(50)	(50)
Notional pooling borrowings	190	1,760
Notional pooling repayments	(186)	(1,776)
Debt repayments	(4)	(5)
Exercise of common stock options	13	4
Other financing activities	0	(23)
Net cash used in financing activities - continuing operations	(144)	(200)
Effect of exchange rate changes on cash	(44)	69
Net change in cash and cash equivalents - continuing operations	(36)	7
Cash provided by operating activities - discontinued operations	0	5
Net effect of discontinued operations on cash and cash equivalents	0	5
(Decrease) increase in cash and cash equivalents	(36)	12
Cash and cash equivalents at beginning of period	2,812	2,804
Cash and cash equivalents at end of period	$ 2,776	$ 2,816

Accounting Policies

Accounting Policies	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
ACCOUNTING POLICIES	NOTE A – ACCOUNTING POLICIES Basis of Presentation: The accompanying unaudited Condensed Consolidated Financial Statements of CA, Inc. (Company) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP), as defined in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 270, for interim financial information and with the instructions to Rule 10-01 of Securities and Exchange Commission Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. For further information, refer to the Company’s Consolidated Financial Statements and Notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2016 ( 2016 Form 10-K). In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal, recurring nature. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may undertake in the future, these estimates may ultimately differ from actual results. Operating results for the three months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2017 . Divestitures: In the fourth quarter of fiscal year 2016, the Company sold its CA ERwin Data Modeling solution assets (ERwin). The results of operations associated with this business have been presented as discontinued operations in the accompanying Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Cash Flows for the three months ended June 30, 2015. Cash and Cash Equivalents: The Company’s cash and cash equivalents are held in numerous locations throughout the world, with approximately 76% being held by the Company’s foreign subsidiaries outside the United States at June 30, 2016 . New Accounting Pronouncements: In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers , which creates new ASC Topic 606 (Topic 606) that will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. In July 2015, the FASB issued a one-year deferral of the effective date of the new revenue recognition standard. In March 2016, April 2016 and May 2016, the FASB issued additional amendments to the technical guidance of Topic 606. Topic 606 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. The new standard will be effective for the Company’s first quarter of fiscal year 2019 and early application for fiscal year 2018 is permitted. The Company is currently evaluating the effect that this guidance will have on its consolidated financial statements and related disclosures. Topic 606 is expected to have a significant effect on the Company’s revenue recognition policies and disclosures. The Company has not yet selected a transition method nor has it determined the effect the standard will have on its ongoing financial reporting. In February 2016, the FASB issued Accounting Standards Update No. 2016-02 (ASU 2016-02), Leases (Topic 842), which requires a lessee to recognize assets and liabilities on its consolidated balance sheet for leases with accounting lease terms of more than 12 months. ASU 2016-02 will replace most existing lease accounting guidance in U.S. GAAP when it becomes effective. The new standard states that a lessee will recognize a lease liability for the obligation to make lease payments and a right-of-use asset for the right to use the underlying asset for the lease term. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the consolidated statements of operations. ASU 2016-02 will be effective for the Company’s first quarter of fiscal year 2020 and requires the modified retrospective method of adoption. Early adoption is permitted. Although the Company is currently evaluating the effect that ASU 2016-02 will have on its consolidated financial statements and related disclosures, the Company expects that most of its operating lease commitments will be subject to the new standard and recognized as operating lease liabilities and right-of-use assets upon adoption. In March 2016, the FASB issued Accounting Standards Update No. 2016-09 (ASU 2016-09), Improvements to Employee Share-Based Payment Accounting (Topic 718), which is intended to simplify several aspects of the accounting for share-based payment award transactions, including the income tax consequences and classification on the statement of cash flows. ASU 2016-09 will be effective for the Company’s first quarter of fiscal year 2018 and early adoption is permitted. The Company is currently evaluating the guidance to determine the adoption methods and the effect that ASU 2016-09 will have on its consolidated financial statements and related disclosures.

Acquisitions

Acquisitions	3 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
ACQUISITIONS	NOTE B – ACQUISITIONS On July 8, 2015, the Company completed its acquisition of Rally Software Development Corp. (Rally), a provider of Agile development software and services. The acquisition of Rally broadens the Company’s solution set and capabilities to better serve customers in the application economy. Pursuant to the terms of the acquisition agreement and related tender offer, the Company acquired 100% of the outstanding shares of Rally common stock for approximately $519 million . The purchase price allocation for Rally is provided within the table below. The purchase price allocation for the Company’s other acquisitions during fiscal year 2016, including the second quarter acquisition of Xceedium, Inc. (Xceedium), is included within the “Other Fiscal Year 2016 Acquisitions” column below. The acquisition of Xceedium and the Company’s other acquisitions during fiscal year 2016 were immaterial, both individually and in the aggregate. (dollars in millions) Rally Other Fiscal Year 2016 Acquisitions Estimated Useful Life Finite-lived intangible assets (1) $ 78 $ 14 1-15 years Purchased software 178 96 5-7 years Goodwill 257 59 Indefinite Deferred tax liabilities, net (45 ) (24 ) — Other assets net of other liabilities assumed (2) 51 2 — Purchase price $ 519 $ 147 (1) Includes customer relationships and trade names. (2) Includes approximately $13 million of cash acquired and approximately $48 million of short-term investments acquired relating to Rally. The allocation of purchase price to acquired identifiable assets, including intangible assets, for Rally was finalized during the first quarter of fiscal year 2017. The excess purchase price over the estimated value of the net tangible and identifiable intangible assets was recorded to goodwill. The allocation of the purchase price to goodwill was predominantly due to synergies the Company expects to achieve through integration of the acquired technology with the Company’s existing product portfolio and the intangible assets that are not separable, such as assembled workforce and going concern. The goodwill relating to the Company’s acquisition of Rally was not deductible for tax purposes and was allocated to the Enterprise Solutions segment. The goodwill relating to the Company’s other fiscal year 2016 acquisitions was not deductible for tax purposes and was allocated to the Enterprise Solutions segment. The pro forma effects of the Company’s fiscal year 2016 acquisitions on the Company’s revenues and results of operations during fiscal year 2016 were considered immaterial. The Condensed Consolidated Statements of Operations for the three months ended June 30, 2016 included total revenue of $35 million for the Company’s fiscal year 2016 acquisitions of Rally and Xceedium. The Condensed Consolidated Statements of Operations for the three months ended June 30, 2016 included net loss of $5 million for the Company’s fiscal year 2016 acquisitions of Rally and Xceedium. Revenues and results of operations since the date of acquisition for the Company’s other fiscal 2016 acquisitions were considered immaterial. The Company had approximately $3 million and $3 million of accrued acquisition-related costs at June 30, 2016 and March 31, 2016 , respectively, related to purchase price amounts withheld subject to indemnification protections.

Trade Accounts Receivable

Trade Accounts Receivable	3 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
TRADE ACCOUNTS RECEIVABLE	NOTE C – TRADE ACCOUNTS RECEIVABLE Trade accounts receivable, net represents amounts due from the Company’s customers and is presented net of allowances. These balances include revenue recognized in advance of customer billings but do not include unbilled contractual commitments executed under license agreements. The components of “Trade accounts receivable, net” were as follows: June 30, March 31, (in millions) Accounts receivable – billed $ 390 $ 566 Accounts receivable – unbilled 41 55 Other receivables 8 13 Less: Allowances (9 ) (9 ) Trade accounts receivable, net $ 430 $ 625

Goodwill, Capitalized Software

Goodwill, Capitalized Software and Other Intangible Assets	3 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL, CAPITALIZED SOFTWARE AND OTHER INTANGIBLE ASSETS	NOTE D – GOODWILL, CAPITALIZED SOFTWARE AND OTHER INTANGIBLE ASSETS The gross carrying amounts and accumulated amortization for capitalized software and other intangible assets at June 30, 2016 were as follows: At June 30, 2016 Gross Amortizable Assets Less: Fully Amortized Assets Remaining Amortizable Assets Accumulated Amortization on Remaining Amortizable Assets Net Assets (in millions) Purchased software products $ 5,991 $ 4,889 $ 1,102 $ 571 $ 531 Internally developed software products 1,467 1,030 437 335 102 Other intangible assets 927 762 165 73 92 Total capitalized software and other intangible assets $ 8,385 $ 6,681 $ 1,704 $ 979 $ 725 The gross carrying amounts and accumulated amortization for capitalized software and other intangible assets at March 31, 2016 were as follows: At March 31, 2016 Gross Amortizable Assets Less: Fully Amortized Assets Remaining Amortizable Assets Accumulated Amortization on Remaining Amortizable Assets Net Assets (in millions) Purchased software products $ 5,990 $ 4,865 $ 1,125 $ 552 $ 573 Internally developed software products 1,467 1,009 458 333 125 Other intangible assets 927 728 199 102 97 Total capitalized software and other intangible assets $ 8,384 $ 6,602 $ 1,782 $ 987 $ 795 Based on the capitalized software and other intangible assets recorded through June 30, 2016 , the projected annual amortization expense for fiscal year 2017 and the next four fiscal years is expected to be as follows: Year Ended March 31, 2017 2018 2019 2020 2021 (in millions) Purchased software products $ 156 $ 147 $ 107 $ 82 $ 40 Internally developed software products 79 36 9 1 — Other intangible assets 16 8 7 6 6 Total $ 251 $ 191 $ 123 $ 89 $ 46 The Company evaluates the useful lives and recoverability of capitalized software and other intangible assets when events or changes in circumstances indicate that an impairment may exist. These evaluations require complex assumptions about key factors such as future customer demand, technology trends and the impact of those factors on the technology the Company acquires and develops for its products. Impairments or revisions to useful lives could result from the use of alternative assumptions that reflect reasonably possible outcomes related to future customer demand or technology trends for assets within the Enterprise Solutions segment. Goodwill activity by segment for the three months ended June 30, 2016 was as follows: (in millions) Mainframe Solutions Enterprise Solutions Services Total Balance at March 31, 2016 $ 4,178 $ 1,827 $ 81 $ 6,086 Foreign currency translation adjustment — (2 ) — (2 ) Balance at June 30, 2016 $ 4,178 $ 1,825 $ 81 $ 6,084

Deferred Revenue

Deferred Revenue	3 Months Ended
	Jun. 30, 2016
Deferred Revenue Disclosure [Abstract]
DEFERRED REVENUE	NOTE E – DEFERRED REVENUE The current and noncurrent components of “Deferred revenue (billed or collected)” at June 30, 2016 and March 31, 2016 were as follows: June 30, March 31, (in millions) Current: Subscription and maintenance $ 1,826 $ 1,990 Professional services 124 116 Software fees and other 77 91 Total deferred revenue (billed or collected) – current $ 2,027 $ 2,197 Noncurrent: Subscription and maintenance $ 631 $ 712 Professional services 20 21 Software fees and other 3 4 Total deferred revenue (billed or collected) – noncurrent $ 654 $ 737 Total deferred revenue (billed or collected) $ 2,681 $ 2,934

Derivatives

Derivatives	3 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	NOTE F – DERIVATIVES The Company is exposed to financial market risks arising from changes in interest rates and foreign exchange rates. Changes in interest rates could affect the Company’s monetary assets and liabilities, and foreign exchange rate changes could affect the Company’s foreign currency denominated monetary assets and liabilities and forecasted transactions. The Company enters into derivative contracts with the intent of mitigating a portion of these risks. Foreign Currency Contracts: The Company enters into foreign currency option and forward contracts to manage foreign currency risks. The Company has not designated its foreign exchange derivatives as hedges. Accordingly, changes in fair value from these contracts are recorded as “Other expenses (gains), net” in the Company’s Condensed Consolidated Statements of Operations. At June 30, 2016 , foreign currency contracts outstanding consisted of purchase and sale contracts with a total gross notional value of approximately $1,052 million and durations of less than nine months . The net fair value of these contracts at June 30, 2016 was a net asset of approximately $4 million , of which approximately $14 million is included in “Other current assets” and approximately $10 million is included in “Accrued expenses and other current liabilities” in the Company’s Condensed Consolidated Balance Sheet. At March 31, 2016 , foreign currency contracts outstanding consisted of purchase and sale contracts with a total gross notional value of approximately $332 million and durations of less than three months . The net fair value of these contracts at March 31, 2016 was a net liability of approximately $1 million , of which approximately $2 million is included in “Other current assets” and approximately $3 million is included in “Accrued expenses and other current liabilities” in the Company’s Condensed Consolidated Balance Sheet. A summary of the effect of the foreign exchange derivatives on the Company’s Condensed Consolidated Statements of Operations was as follows: Amount of Net (Gain)/Loss Recognized in the Condensed Consolidated Statements of Operations Three Months Ended (in millions) 2016 2015 Other expenses (gains), net – foreign currency contracts $ 3 $ 11 The Company is subject to collateral security arrangements with most of its major counterparties. These arrangements require the Company or the counterparty to post collateral when the derivative fair values exceed contractually established thresholds. The aggregate fair values of all derivative instruments under these collateralized arrangements were either in a net asset position or under the established threshold at June 30, 2016 and March 31, 2016 . The Company posted no collateral at June 30, 2016 or March 31, 2016 . Under these agreements, if the Company’s credit ratings had been downgraded one rating level, the Company would still not have been required to post collateral.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE G – FAIR VALUE MEASUREMENTS The following table presents the Company’s assets and liabilities that were measured at fair value on a recurring basis at June 30, 2016 and March 31, 2016 : At June 30, 2016 At March 31, 2016 Fair Value Measurement Using Input Types Estimated Fair Value Fair Value Measurement Using Input Types Estimated Fair Value (in millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Money market funds (1) $ 530 $ — $ 530 $ 617 $ — $ 617 Foreign exchange derivatives (2) — 14 14 — 2 2 Total assets $ 530 $ 14 $ 544 $ 617 $ 2 $ 619 Liabilities: Foreign exchange derivatives (2) $ — $ 10 $ 10 $ — $ 3 $ 3 Total liabilities $ — $ 10 $ 10 $ — $ 3 $ 3 (1) The Company’s investments in money market funds are classified as “Cash and cash equivalents” in its Condensed Consolidated Balance Sheets. (2) Refer to Note F, “Derivatives” for additional information. At June 30, 2016 and March 31, 2016 , the Company did not have any assets or liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3). The carrying values of financial instruments classified as current assets and current liabilities, such as cash and cash equivalents, short-term investments, accounts payable, accrued expenses and short-term borrowings, approximate fair value due to the short-term maturity of the instruments. The following table presents the carrying amounts and estimated fair values of the Company’s other financial instruments that were not measured at fair value on a recurring basis at June 30, 2016 and March 31, 2016 : At June 30, 2016 At March 31, 2016 (in millions) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Liabilities: Total debt (1) $ 1,950 $ 2,069 $ 1,953 $ 2,058 Facility exit reserve (2) $ 15 $ 17 $ 16 $ 17 (1) Estimated fair value of total debt is based on quoted prices for similar liabilities for which significant inputs are observable except for certain long-term lease obligations, for which fair value approximates carrying value (Level 2). (2) Estimated fair value for the facility exit reserve is determined using the Company’s incremental borrowing rate at June 30, 2016 and March 31, 2016 . At June 30, 2016 and March 31, 2016 , the facility exit reserve included approximately $4 million and $4 million , respectively, in “Accrued expenses and other current liabilities” and approximately $11 million and $12 million , respectively, in “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets (Level 3).

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE H – COMMITMENTS AND CONTINGENCIES The Company, various subsidiaries, and certain current and former officers have been or, from time to time, may be named as defendants in various lawsuits and claims arising in the normal course of business. The Company may also become involved with contract issues and disputes with customers, including government customers. On March 24, 2014, the U.S. Department of Justice (DOJ) filed under seal in the United States District Court for the District of Columbia a complaint against the Company in partial intervention under the qui tam provisions of the civil False Claims Act (FCA). The underlying complaint was filed under seal by an individual plaintiff on August 24, 2009. On May 29, 2014, the case was unsealed. Both the DOJ and the individual plaintiff have filed amended complaints. The current complaints relate to government sales transactions under the Company’s General Services Administration (GSA) schedule contract, entered into in 2002 and extended until present through subsequent amendments. In sum and substance, the current complaints allege that the Company provided inaccurate commercial discounting information to the GSA during contract negotiations and that, as a result, the GSA’s contract discount was lower than it otherwise would have been. In addition, the complaints allege that the Company failed to apply the full negotiated discount in some instances and to pay sufficient rebates pursuant to the contract’s price reduction clause. In addition to FCA claims, the current complaints also assert common law causes of action. The DOJ complaint seeks an unspecified amount of damages, including treble damages and civil penalties. The complaint by the individual plaintiff alleges that the U.S. government has suffered damages in excess of $100 million and seeks an unspecified amount of damages, including treble damages and civil penalties. The Company filed motions to dismiss the current complaints. On March 31, 2015, the court issued decisions denying the Company's motion to dismiss the DOJ complaint, and granting in part and denying in part the Company's motion to dismiss the individual plaintiff's complaint. The discovery phase of the case is proceeding pursuant to the court’s scheduling orders. On October 30, 2014, the GSA Suspension and Debarment Division issued a Show Cause Letter to the Company in response to the complaints summarized above. In sum, the letter called on the Company to demonstrate why the U.S. government should continue to contract with the Company, given the litigation allegations made in these complaints. On December 19, 2014, the Company provided a detailed response to the Show Cause Letter. In July 2015, after the Company agreed to assume certain additional reporting requirements during the pendency of the litigation, the GSA Suspension and Debarment Division advised the Company that it had concluded its review and determined that the Company is a responsible contractor with which government agencies could continue to contract. The Company cannot predict the amount of damages likely to result from the litigation summarized above. Although the timing and ultimate outcome of this litigation cannot be determined, the Company believes that the material aspects of the liability theories set forth in the litigation complaints are unfounded. The Company also believes that it has meritorious defenses and intends to vigorously contest the lawsuit. Based on the Company’s experience, management believes that the damages amounts claimed in a case are not a meaningful indicator of the potential liability. Claims, suits, investigations and proceedings are inherently uncertain and it is not possible to predict the ultimate outcome of cases. The Company believes that it has meritorious defenses in connection with its current lawsuits and material claims and disputes, and intends to vigorously contest each of them. In the opinion of the Company’s management based upon information currently available to the Company, while the outcome of these lawsuits, claims and disputes is uncertain, the likely results of these lawsuits, claims and disputes are not expected, either individually or in the aggregate, to have a material adverse effect on the Company’s financial position, results of operations or cash flows, although the effect could be material to the Company’s results of operations or cash flows for any interim reporting period. For some of these matters, the Company is unable to estimate a range of reasonably possible loss due to the stage of the matter and/or other particular circumstances of the matter. For others, a range of reasonably possible loss can be estimated. For those matters for which such a range can be estimated, the Company estimates that, in the aggregate, the range of reasonably possible loss is from zero to $45 million . This is in addition to amounts, if any, that have been accrued for those matters. The Company is obligated to indemnify its officers and directors under certain circumstances to the fullest extent permitted by Delaware law. As a part of that obligation, the Company may, from time to time, advance certain attorneys’ fees and expenses incurred by officers and directors in various lawsuits and investigations, as permitted under Delaware law.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Jun. 30, 2016
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE I – STOCKHOLDERS’ EQUITY Stock Repurchases: On November 13, 2015, the Board approved a stock repurchase program that authorized the Company to acquire up to $750 million of its common stock. During the three months ended June 30, 2016 , the Company repurchased approximately 1.6 million shares of its common stock for approximately $50 million . At June 30, 2016 , the Company remained authorized to purchase approximately $700 million of its common stock under its current stock repurchase program. Accumulated Other Comprehensive Loss: Foreign currency translation losses included in “Accumulated other comprehensive loss” in the Company’s Condensed Consolidated Balance Sheets at June 30, 2016 and March 31, 2016 were approximately $445 million and $416 million , respectively. Cash Dividends: The Board declared the following dividends during the three months ended June 30, 2016 and 2015 : Three Months Ended June 30, 2016 : (in millions, except per share amounts) Declaration Date Dividend Per Share Record Date Total Amount Payment Date May 4, 2016 $0.255 May 26, 2016 $107 June 14, 2016 Three Months Ended June 30, 2015 : (in millions, except per share amounts) Declaration Date Dividend Per Share Record Date Total Amount Payment Date May 5, 2015 $0.25 May 28, 2015 $110 June 16, 2015

Income From Continuing Operatio

Income From Continuing Operations Per Common Share	3 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
INCOME FROM CONTINUING OPERATIONS PER COMMON SHARE	NOTE J – INCOME FROM CONTINUING OPERATIONS PER COMMON SHARE Basic net income per common share excludes dilution and is calculated by dividing net income allocable to common shares by the weighted average number of common shares outstanding for the period. Diluted net income per common share is calculated by dividing net income allocable to common shares by the weighted average number of common shares, as adjusted for the potential dilutive effect of non-participating share-based awards. The following table presents basic and diluted income from continuing operations per common share information for the three months ended June 30, 2016 and 2015 : Three Months Ended 2016 2015 (in millions, except per share amounts) Basic income from continuing operations per common share: Income from continuing operations $ 198 $ 207 Less: Income from continuing operations allocable to participating securities (2 ) (2 ) Income from continuing operations allocable to common shares $ 196 $ 205 Weighted average common shares outstanding 414 436 Basic income from continuing operations per common share $ 0.47 $ 0.47 Diluted income from continuing operations per common share: Income from continuing operations $ 198 $ 207 Less: Income from continuing operations allocable to participating securities (2 ) (2 ) Income from continuing operations allocable to common shares $ 196 $ 205 Weighted average shares outstanding and common share equivalents: Weighted average common shares outstanding 414 436 Weighted average effect of share-based payment awards 1 2 Denominator in calculation of diluted income per share 415 438 Diluted income from continuing operations per common share $ 0.47 $ 0.47 For the three months ended June 30, 2016 and 2015 , respectively, approximately 2 million and 1 million shares of Company common stock underlying restricted stock awards and options to purchase common stock were excluded from the calculation because their effect on income per share was anti-dilutive during the respective periods. Weighted average restricted stock awards of approximately 5 million and 4 million for the three months ended June 30, 2016 and 2015 , respectively, were considered participating securities in the calculation of net income allocable to common stockholders.

Accounting for Share-Based Comp

Accounting for Share-Based Compensation	3 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
ACCOUNTING FOR SHARE-BASED COMPENSATION	NOTE K – ACCOUNTING FOR SHARE-BASED COMPENSATION The Company recognized share-based compensation in the following line items in the Condensed Consolidated Statements of Operations for the periods indicated: Three Months Ended 2016 2015 (in millions) Costs of licensing and maintenance $ 2 $ 2 Cost of professional services 1 1 Selling and marketing 10 8 General and administrative 11 7 Product development and enhancements 5 4 Share-based compensation expense before tax $ 29 $ 22 Income tax benefit (10 ) (7 ) Net share-based compensation expense $ 19 $ 15 The following table summarizes information about unrecognized share-based compensation costs at June 30, 2016 : Unrecognized Share-Based Compensation Costs Weighted Average Period Expected to be Recognized (in millions) (in years) Stock option awards $ 7 2.3 Restricted stock units 27 2.3 Restricted stock awards 102 2.3 Performance share units 45 2.9 Total unrecognized share-based compensation costs $ 181 2.5 There were no capitalized share-based compensation costs for the three months ended June 30, 2016 and 2015 . The value of performance share units (PSUs) is determined using the closing price of the Company’s common stock on the last trading day of the quarter until the awards are granted. Compensation costs for the PSUs are amortized over the requisite service periods based on the expected level of achievement of the performance targets. At the conclusion of the performance periods for the PSUs, the applicable number of shares of common stock, restricted stock awards (RSAs) or restricted stock units (RSUs) granted may vary based upon the level of achievement of the performance targets and the approval of the Company’s Compensation and Human Resources Committee (which may reduce any award for any reason in its discretion). For the three months ended June 30, 2016 and 2015 , the Company issued stock options for approximately 1 million shares and 0.8 million shares, respectively. The weighted average fair values and assumptions used for the options granted were as follows: Three Months Ended 2016 2015 Weighted average fair value $ 4.40 $ 4.69 Dividend yield 3.58 % 3.37 % Expected volatility factor (1) 23 % 23 % Risk-free interest rate (2) 1.5 % 1.9 % Expected life (in years) (3) 6.0 6.0 (1) Expected volatility is measured using historical daily price changes of the Company’s common stock over the respective expected term of the options and the implied volatility derived from the market prices of the Company’s traded options. (2) The risk-free rate for periods within the contractual term of the stock options is based on the U.S. Treasury yield curve in effect at the time of grant. (3) The expected life is the number of years the Company estimates that options will be outstanding prior to exercise. The Company’s computation of expected life was determined based on the simplified method (the average of the vesting period and option term). The table below summarizes the RSAs and RSUs granted under the 1-year PSUs for the Company’s fiscal year 2016 and 2015 incentive plan years. The RSAs and RSUs were granted in the first quarter of fiscal years 2017 and 2016 , respectively. The RSAs and RSUs vest 34% on the date of grant and 33% on the first and second anniversaries of the grant date. RSAs RSUs Incentive Plans for Fiscal Years Performance Period Shares (in millions) Weighted Average Grant Date Fair Value Shares (in millions) Weighted Average Grant Date Fair Value 2016 1 year 0.6 $31.53 0.1 $30.53 2015 1 year 0.5 $31.41 0.1 $30.42 The table below summarizes the shares of common stock issued under the 3-year PSUs for the Company’s fiscal year 2014 and 2013 incentive plan years in the first quarter of fiscal years 2017 and 2016 , respectively. Incentive Plans for Fiscal Years Performance Period Shares of Common Stock (in millions) Weighted Average Grant Date Fair Value 2014 3 years 0.3 $31.53 2013 3 years 0.1 $31.41 The table below summarizes the RSAs and RSUs granted under the 1-year PSUs for the Company’s fiscal year 2016 and 2015 sales retention equity programs. The RSAs and RSUs were granted in the first quarter of fiscal years 2017 and 2016 , respectively. The RSAs and RSUs vest on the third anniversary of the grant date. RSAs RSUs Incentive Plans for Fiscal Years Performance Period Shares (in millions) Weighted Average Grant Date Fair Value Shares (in millions) Weighted Average Grant Date Fair Value 2016 1 year 0.3 $31.53 0.1 $28.52 2015 1 year 0.2 $30.45 0.1 $27.50 The table below summarizes all of the RSAs and RSUs, including grants made pursuant to the long-term incentive plans discussed above, granted during the three months ended June 30, 2016 and 2015 : Three Months Ended 2016 2015 (shares in millions) RSAs: Shares 2.9 2.7 Weighted average grant date fair value (1) $ 31.53 $ 30.65 RSUs: Shares 1.0 0.8 Weighted average grant date fair value (2) $ 30.10 $ 28.90 (1) The fair value is based on the quoted market value of the Company’s common stock on the grant date. (2) The fair value is based on the quoted market value of the Company’s common stock on the grant date reduced by the present value of dividends expected to be paid on the Company’s common stock prior to vesting of the RSUs, which is calculated using a risk-free interest rate. Employee Stock Purchase Plan: The Company maintains the 2012 Employee Stock Purchase Plan (ESPP) for all eligible employees. The ESPP offer period is semi-annual and allows participants to purchase the Company’s common stock at 95% of the closing price of the stock on the last day of the offer period. The ESPP is non-compensatory. For the six-month offer period ended June 30, 2016 , the Company issued approximately 0.1 million shares under the ESPP at $31.19 per share. As of June 30, 2016 , approximately 29.1 million shares are available for future issuances under the ESPP.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE L – INCOME TAXES Income tax expense for the three months ended June 30, 2016 and 2015 was approximately $79 million and $88 million , respectively. The Company’s estimated annual effective tax rate, which excludes the impact of discrete items, for the three months ended June 30, 2016 and 2015 was 29.2% and 29.8% , respectively. Changes in tax laws, the outcome of tax audits and any other changes in potential tax liabilities may result in additional tax expense or benefit in fiscal year 2017 , which are not considered in the Company’s estimated annual effective tax rate. While the Company does not currently view any such items as individually material to the results of the Company’s consolidated financial position or results of operations, the impact of certain items may yield additional tax expense or benefit in the remaining quarters of fiscal year 2017 and the Company is anticipating a fiscal year 2017 effective tax rate between 28% and 29% .

Supplemental Statement of Cash

Supplemental Statement of Cash Flows Information	3 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION	NOTE M – SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION For the three months ended June 30, 2016 and 2015 , interest payments were approximately $23 million and $21 million , respectively, and income taxes paid, net from continuing operations were approximately $62 million and $17 million , respectively. For the three months ended June 30, 2016 and 2015 , the excess tax benefits from share-based incentive awards included in financing activities from continuing operations were approximately $3 million and $3 million , respectively. Non-cash financing activities for the three months ended June 30, 2016 and 2015 consisted of treasury common shares issued in connection with the following: share-based incentive awards issued under the Company’s equity compensation plans of approximately $42 million (net of approximately $31 million of income taxes withheld) and $41 million (net of approximately $27 million of income taxes withheld), respectively; discretionary stock contributions to the CA, Inc. Savings Harvest Plan of approximately $24 million and $24 million , respectively; and treasury common shares issued in connection with the Company’s Employee Stock Purchase Plan of approximately $2 million and $2 million , respectively. The Company uses a notional pooling arrangement with an international bank to help manage global liquidity. Under this pooling arrangement, the Company and its participating subsidiaries may maintain either cash deposit or borrowing positions through local currency accounts with the bank, so long as the aggregate position of the global pool is a notionally calculated net cash deposit. Because it maintains a security interest in the cash deposits and has the right to offset the cash deposits against the borrowings, the bank provides the Company and its participating subsidiaries favorable interest terms on both. The activity under this notional pooling arrangement for the three months ended June 30, 2016 and 2015 was as follows: Three Months Ended 2016 2015 (in millions) Total borrowings outstanding at beginning of period (1) $ 139 $ 138 Borrowings 190 1,760 Repayments (186 ) (1,776 ) Foreign exchange effect (5 ) 17 Total borrowings outstanding at end of period (1) $ 138 $ 139 (1) Included in “Accrued expenses and other current liabilities” in the Company’s Condensed Consolidated Balance Sheets.

Segment Information

Segment Information	3 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE N – SEGMENT INFORMATION The Company’s Mainframe Solutions and Enterprise Solutions segments comprise its software business organized by the nature of the Company’s software offerings and the platform on which the products operate. The Services segment comprises product implementation, consulting, customer education and customer training, including those directly related to the Mainframe Solutions and Enterprise Solutions software that the Company sells to its customers. Segment expenses do not include share-based compensation expense; amortization of purchased software; amortization of other intangible assets; amortization of internally developed software products; certain foreign exchange derivative hedging gains and losses; approved severance and facility actions by the Board; and other miscellaneous costs. A measure of segment assets is not currently provided to the Company’s Chief Executive Officer and has therefore not been disclosed. The Company’s segment information for the three months ended June 30, 2016 and 2015 was as follows: Three Months Ended June 30, 2016 Mainframe Solutions Enterprise Solutions Services Total (dollars in millions) Revenue $ 551 $ 371 $ 77 $ 999 Expenses 208 324 75 607 Segment profit $ 343 $ 47 $ 2 $ 392 Segment operating margin 62 % 13 % 3 % 39 % Depreciation $ 9 $ 6 $ — $ 15 Reconciliation of segment profit to income from continuing operations before income taxes for the three months ended June 30, 2016 : (in millions) Segment profit $ 392 Less: Purchased software amortization 43 Other intangibles amortization 5 Internally developed software products amortization 23 Share-based compensation expense 29 Other expenses, net (1) — Interest expense, net 15 Income from continuing operations before income taxes $ 277 (1) Other expenses, net consists of costs associated with certain foreign exchange derivative hedging gains and losses, and other miscellaneous costs. Three Months Ended June 30, 2015 Mainframe Solutions Enterprise Solutions Services Total (dollars in millions) Revenue $ 560 $ 338 $ 79 $ 977 Expenses 211 290 71 572 Segment profit $ 349 $ 48 $ 8 $ 405 Segment operating margin 62 % 14 % 10 % 41 % Depreciation $ 9 $ 7 $ — $ 16 Reconciliation of segment profit to income from continuing operations before income taxes for the three months ended June 30, 2015 : (in millions) Segment profit $ 405 Less: Purchased software amortization 28 Other intangibles amortization 11 Internally developed software products amortization 32 Share-based compensation expense 22 Other expenses, net (1) 8 Interest expense, net 9 Income from continuing operations before income taxes $ 295 (1) Other expenses, net consists of costs associated with certain foreign exchange derivative hedging gains and losses, and other miscellaneous costs. The table below summarizes the Company’s revenue from the United States and from international ( i.e. , non-U.S.) locations: Three Months Ended 2016 2015 (in millions) United States $ 637 $ 619 EMEA (1) 225 221 Other 137 137 Total revenue $ 999 $ 977 (1) Consists of Europe, the Middle East and Africa.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: The accompanying unaudited Condensed Consolidated Financial Statements of CA, Inc. (Company) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP), as defined in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 270, for interim financial information and with the instructions to Rule 10-01 of Securities and Exchange Commission Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. For further information, refer to the Company’s Consolidated Financial Statements and Notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2016 ( 2016 Form 10-K). In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal, recurring nature. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may undertake in the future, these estimates may ultimately differ from actual results. Operating results for the three months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2017 .
Divestitures	Divestitures: In the fourth quarter of fiscal year 2016, the Company sold its CA ERwin Data Modeling solution assets (ERwin). The results of operations associated with this business have been presented as discontinued operations in the accompanying Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Cash Flows for the three months ended June 30, 2015.
Cash and Cash Equivalents	Cash and Cash Equivalents: The Company’s cash and cash equivalents are held in numerous locations throughout the world, with approximately 76% being held by the Company’s foreign subsidiaries outside the United States at June 30, 2016 .
New Accounting Pronouncements	New Accounting Pronouncements: In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers , which creates new ASC Topic 606 (Topic 606) that will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. In July 2015, the FASB issued a one-year deferral of the effective date of the new revenue recognition standard. In March 2016, April 2016 and May 2016, the FASB issued additional amendments to the technical guidance of Topic 606. Topic 606 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. The new standard will be effective for the Company’s first quarter of fiscal year 2019 and early application for fiscal year 2018 is permitted. The Company is currently evaluating the effect that this guidance will have on its consolidated financial statements and related disclosures. Topic 606 is expected to have a significant effect on the Company’s revenue recognition policies and disclosures. The Company has not yet selected a transition method nor has it determined the effect the standard will have on its ongoing financial reporting. In February 2016, the FASB issued Accounting Standards Update No. 2016-02 (ASU 2016-02), Leases (Topic 842), which requires a lessee to recognize assets and liabilities on its consolidated balance sheet for leases with accounting lease terms of more than 12 months. ASU 2016-02 will replace most existing lease accounting guidance in U.S. GAAP when it becomes effective. The new standard states that a lessee will recognize a lease liability for the obligation to make lease payments and a right-of-use asset for the right to use the underlying asset for the lease term. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the consolidated statements of operations. ASU 2016-02 will be effective for the Company’s first quarter of fiscal year 2020 and requires the modified retrospective method of adoption. Early adoption is permitted. Although the Company is currently evaluating the effect that ASU 2016-02 will have on its consolidated financial statements and related disclosures, the Company expects that most of its operating lease commitments will be subject to the new standard and recognized as operating lease liabilities and right-of-use assets upon adoption. In March 2016, the FASB issued Accounting Standards Update No. 2016-09 (ASU 2016-09), Improvements to Employee Share-Based Payment Accounting (Topic 718), which is intended to simplify several aspects of the accounting for share-based payment award transactions, including the income tax consequences and classification on the statement of cash flows. ASU 2016-09 will be effective for the Company’s first quarter of fiscal year 2018 and early adoption is permitted. The Company is currently evaluating the guidance to determine the adoption methods and the effect that ASU 2016-09 will have on its consolidated financial statements and related disclosures.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Acquisition purchase price allocation	(dollars in millions) Rally Other Fiscal Year 2016 Acquisitions Estimated Useful Life Finite-lived intangible assets (1) $ 78 $ 14 1-15 years Purchased software 178 96 5-7 years Goodwill 257 59 Indefinite Deferred tax liabilities, net (45 ) (24 ) — Other assets net of other liabilities assumed (2) 51 2 — Purchase price $ 519 $ 147 (1) Includes customer relationships and trade names. (2) Includes approximately $13 million of cash acquired and approximately $48 million of short-term investments acquired relating to Rally.

Trade Accounts Receivable (Tabl

Trade Accounts Receivable (Tables)	3 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Components of trade accounts receivable, net	The components of “Trade accounts receivable, net” were as follows: June 30, March 31, (in millions) Accounts receivable – billed $ 390 $ 566 Accounts receivable – unbilled 41 55 Other receivables 8 13 Less: Allowances (9 ) (9 ) Trade accounts receivable, net $ 430 $ 625

Goodwill, Capitalized Softwar24

Goodwill, Capitalized Software and Other Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Capitalized software and other intangible assets	The gross carrying amounts and accumulated amortization for capitalized software and other intangible assets at June 30, 2016 were as follows: At June 30, 2016 Gross Amortizable Assets Less: Fully Amortized Assets Remaining Amortizable Assets Accumulated Amortization on Remaining Amortizable Assets Net Assets (in millions) Purchased software products $ 5,991 $ 4,889 $ 1,102 $ 571 $ 531 Internally developed software products 1,467 1,030 437 335 102 Other intangible assets 927 762 165 73 92 Total capitalized software and other intangible assets $ 8,385 $ 6,681 $ 1,704 $ 979 $ 725 The gross carrying amounts and accumulated amortization for capitalized software and other intangible assets at March 31, 2016 were as follows: At March 31, 2016 Gross Amortizable Assets Less: Fully Amortized Assets Remaining Amortizable Assets Accumulated Amortization on Remaining Amortizable Assets Net Assets (in millions) Purchased software products $ 5,990 $ 4,865 $ 1,125 $ 552 $ 573 Internally developed software products 1,467 1,009 458 333 125 Other intangible assets 927 728 199 102 97 Total capitalized software and other intangible assets $ 8,384 $ 6,602 $ 1,782 $ 987 $ 795
Projected annual amortization expense	Based on the capitalized software and other intangible assets recorded through June 30, 2016 , the projected annual amortization expense for fiscal year 2017 and the next four fiscal years is expected to be as follows: Year Ended March 31, 2017 2018 2019 2020 2021 (in millions) Purchased software products $ 156 $ 147 $ 107 $ 82 $ 40 Internally developed software products 79 36 9 1 — Other intangible assets 16 8 7 6 6 Total $ 251 $ 191 $ 123 $ 89 $ 46
Goodwill activity by segment	Goodwill activity by segment for the three months ended June 30, 2016 was as follows: (in millions) Mainframe Solutions Enterprise Solutions Services Total Balance at March 31, 2016 $ 4,178 $ 1,827 $ 81 $ 6,086 Foreign currency translation adjustment — (2 ) — (2 ) Balance at June 30, 2016 $ 4,178 $ 1,825 $ 81 $ 6,084

Deferred Revenue (Tables)

Deferred Revenue (Tables)	3 Months Ended
	Jun. 30, 2016
Deferred Revenue Disclosure [Abstract]
Components of deferred revenue (billed or collected)	The current and noncurrent components of “Deferred revenue (billed or collected)” at June 30, 2016 and March 31, 2016 were as follows: June 30, March 31, (in millions) Current: Subscription and maintenance $ 1,826 $ 1,990 Professional services 124 116 Software fees and other 77 91 Total deferred revenue (billed or collected) – current $ 2,027 $ 2,197 Noncurrent: Subscription and maintenance $ 631 $ 712 Professional services 20 21 Software fees and other 3 4 Total deferred revenue (billed or collected) – noncurrent $ 654 $ 737 Total deferred revenue (billed or collected) $ 2,681 $ 2,934

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Effect of foreign exchange derivatives	A summary of the effect of the foreign exchange derivatives on the Company’s Condensed Consolidated Statements of Operations was as follows: Amount of Net (Gain)/Loss Recognized in the Condensed Consolidated Statements of Operations Three Months Ended (in millions) 2016 2015 Other expenses (gains), net – foreign currency contracts $ 3 $ 11

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	The following table presents the Company’s assets and liabilities that were measured at fair value on a recurring basis at June 30, 2016 and March 31, 2016 : At June 30, 2016 At March 31, 2016 Fair Value Measurement Using Input Types Estimated Fair Value Fair Value Measurement Using Input Types Estimated Fair Value (in millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Money market funds (1) $ 530 $ — $ 530 $ 617 $ — $ 617 Foreign exchange derivatives (2) — 14 14 — 2 2 Total assets $ 530 $ 14 $ 544 $ 617 $ 2 $ 619 Liabilities: Foreign exchange derivatives (2) $ — $ 10 $ 10 $ — $ 3 $ 3 Total liabilities $ — $ 10 $ 10 $ — $ 3 $ 3 (1) The Company’s investments in money market funds are classified as “Cash and cash equivalents” in its Condensed Consolidated Balance Sheets. (2) Refer to Note F, “Derivatives” for additional information.
Carrying amounts and estimated fair values of other financial instruments not measured at fair value on a recurring basis	The following table presents the carrying amounts and estimated fair values of the Company’s other financial instruments that were not measured at fair value on a recurring basis at June 30, 2016 and March 31, 2016 : At June 30, 2016 At March 31, 2016 (in millions) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Liabilities: Total debt (1) $ 1,950 $ 2,069 $ 1,953 $ 2,058 Facility exit reserve (2) $ 15 $ 17 $ 16 $ 17 (1) Estimated fair value of total debt is based on quoted prices for similar liabilities for which significant inputs are observable except for certain long-term lease obligations, for which fair value approximates carrying value (Level 2). (2) Estimated fair value for the facility exit reserve is determined using the Company’s incremental borrowing rate at June 30, 2016 and March 31, 2016 . At June 30, 2016 and March 31, 2016 , the facility exit reserve included approximately $4 million and $4 million , respectively, in “Accrued expenses and other current liabilities” and approximately $11 million and $12 million , respectively, in “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets (Level 3).

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Cash dividends	Cash Dividends: The Board declared the following dividends during the three months ended June 30, 2016 and 2015 : Three Months Ended June 30, 2016 : (in millions, except per share amounts) Declaration Date Dividend Per Share Record Date Total Amount Payment Date May 4, 2016 $0.255 May 26, 2016 $107 June 14, 2016 Three Months Ended June 30, 2015 : (in millions, except per share amounts) Declaration Date Dividend Per Share Record Date Total Amount Payment Date May 5, 2015 $0.25 May 28, 2015 $110 June 16, 2015

Income From Continuing Operat29

Income From Continuing Operations Per Common Share (Tables)	3 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Reconciliation of basic and diluted income from continuing operations per common share	The following table presents basic and diluted income from continuing operations per common share information for the three months ended June 30, 2016 and 2015 : Three Months Ended 2016 2015 (in millions, except per share amounts) Basic income from continuing operations per common share: Income from continuing operations $ 198 $ 207 Less: Income from continuing operations allocable to participating securities (2 ) (2 ) Income from continuing operations allocable to common shares $ 196 $ 205 Weighted average common shares outstanding 414 436 Basic income from continuing operations per common share $ 0.47 $ 0.47 Diluted income from continuing operations per common share: Income from continuing operations $ 198 $ 207 Less: Income from continuing operations allocable to participating securities (2 ) (2 ) Income from continuing operations allocable to common shares $ 196 $ 205 Weighted average shares outstanding and common share equivalents: Weighted average common shares outstanding 414 436 Weighted average effect of share-based payment awards 1 2 Denominator in calculation of diluted income per share 415 438 Diluted income from continuing operations per common share $ 0.47 $ 0.47

Accounting for Share-Based Co30

Accounting for Share-Based Compensation (Tables)	3 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Recognized share-based compensation	The Company recognized share-based compensation in the following line items in the Condensed Consolidated Statements of Operations for the periods indicated: Three Months Ended 2016 2015 (in millions) Costs of licensing and maintenance $ 2 $ 2 Cost of professional services 1 1 Selling and marketing 10 8 General and administrative 11 7 Product development and enhancements 5 4 Share-based compensation expense before tax $ 29 $ 22 Income tax benefit (10 ) (7 ) Net share-based compensation expense $ 19 $ 15
Unrecognized share-based compensation costs	The following table summarizes information about unrecognized share-based compensation costs at June 30, 2016 : Unrecognized Share-Based Compensation Costs Weighted Average Period Expected to be Recognized (in millions) (in years) Stock option awards $ 7 2.3 Restricted stock units 27 2.3 Restricted stock awards 102 2.3 Performance share units 45 2.9 Total unrecognized share-based compensation costs $ 181 2.5
Weighted average fair values and assumptions used for options granted	The weighted average fair values and assumptions used for the options granted were as follows: Three Months Ended 2016 2015 Weighted average fair value $ 4.40 $ 4.69 Dividend yield 3.58 % 3.37 % Expected volatility factor (1) 23 % 23 % Risk-free interest rate (2) 1.5 % 1.9 % Expected life (in years) (3) 6.0 6.0 (1) Expected volatility is measured using historical daily price changes of the Company’s common stock over the respective expected term of the options and the implied volatility derived from the market prices of the Company’s traded options. (2) The risk-free rate for periods within the contractual term of the stock options is based on the U.S. Treasury yield curve in effect at the time of grant. (3) The expected life is the number of years the Company estimates that options will be outstanding prior to exercise. The Company’s computation of expected life was determined based on the simplified method (the average of the vesting period and option term).
Summary of RSAs and RSUs granted under 1-year PSUs for Incentive Plans	RSAs RSUs Incentive Plans for Fiscal Years Performance Period Shares (in millions) Weighted Average Grant Date Fair Value Shares (in millions) Weighted Average Grant Date Fair Value 2016 1 year 0.6 $31.53 0.1 $30.53 2015 1 year 0.5 $31.41 0.1 $30.42
Summary of shares of common stock issued under 3-year PSUs for Incentive Plans	Incentive Plans for Fiscal Years Performance Period Shares of Common Stock (in millions) Weighted Average Grant Date Fair Value 2014 3 years 0.3 $31.53 2013 3 years 0.1 $31.41
Summary of RSAs and RSUs granted under 1-year PSUs for Sales Retention Equity Programs	RSAs RSUs Incentive Plans for Fiscal Years Performance Period Shares (in millions) Weighted Average Grant Date Fair Value Shares (in millions) Weighted Average Grant Date Fair Value 2016 1 year 0.3 $31.53 0.1 $28.52 2015 1 year 0.2 $30.45 0.1 $27.50
Summary of all RSAs and RSUs granted, including grants made pursuant to long-term incentive plans	The table below summarizes all of the RSAs and RSUs, including grants made pursuant to the long-term incentive plans discussed above, granted during the three months ended June 30, 2016 and 2015 : Three Months Ended 2016 2015 (shares in millions) RSAs: Shares 2.9 2.7 Weighted average grant date fair value (1) $ 31.53 $ 30.65 RSUs: Shares 1.0 0.8 Weighted average grant date fair value (2) $ 30.10 $ 28.90 (1) The fair value is based on the quoted market value of the Company’s common stock on the grant date. (2) The fair value is based on the quoted market value of the Company’s common stock on the grant date reduced by the present value of dividends expected to be paid on the Company’s common stock prior to vesting of the RSUs, which is calculated using a risk-free interest rate.

Supplemental Statement of Cas31

Supplemental Statement of Cash Flows Information (Tables)	3 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Notional pooling arrangement	The activity under this notional pooling arrangement for the three months ended June 30, 2016 and 2015 was as follows: Three Months Ended 2016 2015 (in millions) Total borrowings outstanding at beginning of period (1) $ 139 $ 138 Borrowings 190 1,760 Repayments (186 ) (1,776 ) Foreign exchange effect (5 ) 17 Total borrowings outstanding at end of period (1) $ 138 $ 139 (1) Included in “Accrued expenses and other current liabilities” in the Company’s Condensed Consolidated Balance Sheets.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment information	Three Months Ended June 30, 2016 Mainframe Solutions Enterprise Solutions Services Total (dollars in millions) Revenue $ 551 $ 371 $ 77 $ 999 Expenses 208 324 75 607 Segment profit $ 343 $ 47 $ 2 $ 392 Segment operating margin 62 % 13 % 3 % 39 % Depreciation $ 9 $ 6 $ — $ 15 Three Months Ended June 30, 2015 Mainframe Solutions Enterprise Solutions Services Total (dollars in millions) Revenue $ 560 $ 338 $ 79 $ 977 Expenses 211 290 71 572 Segment profit $ 349 $ 48 $ 8 $ 405 Segment operating margin 62 % 14 % 10 % 41 % Depreciation $ 9 $ 7 $ — $ 16
Reconciliation of segment profit to income from continuing operations before income taxes	Reconciliation of segment profit to income from continuing operations before income taxes for the three months ended June 30, 2016 : (in millions) Segment profit $ 392 Less: Purchased software amortization 43 Other intangibles amortization 5 Internally developed software products amortization 23 Share-based compensation expense 29 Other expenses, net (1) — Interest expense, net 15 Income from continuing operations before income taxes $ 277 (1) Other expenses, net consists of costs associated with certain foreign exchange derivative hedging gains and losses, and other miscellaneous costs. Reconciliation of segment profit to income from continuing operations before income taxes for the three months ended June 30, 2015 : (in millions) Segment profit $ 405 Less: Purchased software amortization 28 Other intangibles amortization 11 Internally developed software products amortization 32 Share-based compensation expense 22 Other expenses, net (1) 8 Interest expense, net 9 Income from continuing operations before income taxes $ 295 (1) Other expenses, net consists of costs associated with certain foreign exchange derivative hedging gains and losses, and other miscellaneous costs.
Revenue from the United States and international locations	The table below summarizes the Company’s revenue from the United States and from international ( i.e. , non-U.S.) locations: Three Months Ended 2016 2015 (in millions) United States $ 637 $ 619 EMEA (1) 225 221 Other 137 137 Total revenue $ 999 $ 977 (1) Consists of Europe, the Middle East and Africa.

Accounting Policies (Details)

Accounting Policies (Details)	Jun. 30, 2016
Accounting Policies [Abstract]
Percentage of cash and cash equivalents held by the Company's foreign subsidiaries outside the United States	76.00%

Acquisitions 1 (Details)

Acquisitions 1 (Details) - USD ($) $ in Millions		Jul. 08, 2015	Jun. 30, 2016	Mar. 31, 2016
Acquisition purchase price allocation
Goodwill			$ 6,084	$ 6,086
Rally
Business Acquisition
Cash acquired from Rally		$ 13
Short-term investments acquired from Rally		48
Acquisition purchase price allocation
Finite-lived intangible assets	[1]		78
Goodwill			257
Deferred tax liabilities, net			(45)
Other assets net of other liabilities assumed	[2]		51
Purchase price		$ 519	519
Rally | Purchased Software
Acquisition purchase price allocation
Finite-lived intangible assets			178
Other Fiscal Year 2016 Acquisitions
Acquisition purchase price allocation
Finite-lived intangible assets	[1]		14
Goodwill			59
Deferred tax liabilities, net			(24)
Other assets net of other liabilities assumed			2
Purchase price			147
Other Fiscal Year 2016 Acquisitions | Purchased Software
Acquisition purchase price allocation
Finite-lived intangible assets			$ 96
Fiscal Year 2016 Acquisitions
Estimated useful life
Goodwill, Estimated useful life			Indefinite
Fiscal Year 2016 Acquisitions | Minimum
Estimated useful life
Finite-lived intangible assets, Estimated useful life (in years)	[1]		1 year
Fiscal Year 2016 Acquisitions | Maximum
Estimated useful life
Finite-lived intangible assets, Estimated useful life (in years)	[1]		15 years
Fiscal Year 2016 Acquisitions | Purchased Software | Minimum
Estimated useful life
Finite-lived intangible assets, Estimated useful life (in years)			5 years
Fiscal Year 2016 Acquisitions | Purchased Software | Maximum
Estimated useful life
Finite-lived intangible assets, Estimated useful life (in years)			7 years
[1]	Includes customer relationships and trade names.
[2]	Includes approximately $13 million of cash acquired and approximately $48 million of short-term investments acquired relating to Rally.

Acquisitions 2 (Details)

Acquisitions 2 (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Jul. 08, 2015
Business Combinations [Abstract]
Accrued acquisition-related costs related to purchase price amounts withheld to support indemnification obligations	$ 3		$ 3
Business Acquisition
Total revenue for the fiscal year 2016 acquisitions of Rally and Xceedium	999	$ 977
Net loss for the fiscal year 2016 acquisitions of Rally and Xceedium	198	$ 212
Rally
Business Acquisition
Percentage of outstanding shares of Rally common stock acquired				100.00%
Purchase price for Rally	519			$ 519
Rally and Xceedium
Business Acquisition
Total revenue for the fiscal year 2016 acquisitions of Rally and Xceedium	35
Net loss for the fiscal year 2016 acquisitions of Rally and Xceedium	$ (5)

Trade Accounts Receivable (Deta

Trade Accounts Receivable (Details) - USD ($) $ in Millions	Jun. 30, 2016	Mar. 31, 2016
Components of trade accounts receivable, net
Accounts receivable - billed	$ 390	$ 566
Accounts receivable - unbilled	41	55
Other receivables	8	13
Less: Allowances	(9)	(9)
Trade accounts receivable, net	$ 430	$ 625

Goodwill, Capitalized Softwar37

Goodwill, Capitalized Software and Other Intangible Assets 1 (Details) - USD ($) $ in Millions	Jun. 30, 2016	Mar. 31, 2016
Capitalized software and other intangible assets
Gross amortizable assets	$ 8,385	$ 8,384
Less: Fully amortized assets	6,681	6,602
Remaining amortizable assets	1,704	1,782
Accumulated amortization on remaining amortizable assets	979	987
Net assets	725	795
Purchased Software Products
Capitalized software and other intangible assets
Gross amortizable assets	5,991	5,990
Less: Fully amortized assets	4,889	4,865
Remaining amortizable assets	1,102	1,125
Accumulated amortization on remaining amortizable assets	571	552
Net assets	531	573
Internally Developed Software Products
Capitalized software and other intangible assets
Gross amortizable assets	1,467	1,467
Less: Fully amortized assets	1,030	1,009
Remaining amortizable assets	437	458
Accumulated amortization on remaining amortizable assets	335	333
Net assets	102	125
Other Intangible Assets
Capitalized software and other intangible assets
Gross amortizable assets	927	927
Less: Fully amortized assets	762	728
Remaining amortizable assets	165	199
Accumulated amortization on remaining amortizable assets	73	102
Net assets	$ 92	$ 97

Goodwill, Capitalized Softwar38

Goodwill, Capitalized Software and Other Intangible Assets 2 (Details) $ in Millions	Jun. 30, 2016USD ($)
Projected annual amortization expense
2,017	$ 251
2,018	191
2,019	123
2,020	89
2,021	46
Purchased Software Products
Projected annual amortization expense
2,017	156
2,018	147
2,019	107
2,020	82
2,021	40
Internally Developed Software Products
Projected annual amortization expense
2,017	79
2,018	36
2,019	9
2,020	1
2,021	0
Other Intangible Assets
Projected annual amortization expense
2,017	16
2,018	8
2,019	7
2,020	6
2,021	$ 6

Goodwill, Capitalized Softwar39

Goodwill, Capitalized Software and Other Intangible Assets 3 (Details) $ in Millions	3 Months Ended
	Jun. 30, 2016USD ($)
Goodwill activity by segment
Balance at March 31, 2016	$ 6,086
Foreign currency translation adjustment	(2)
Balance at June 30, 2016	6,084
Mainframe Solutions
Goodwill activity by segment
Balance at March 31, 2016	4,178
Foreign currency translation adjustment	0
Balance at June 30, 2016	4,178
Enterprise Solutions
Goodwill activity by segment
Balance at March 31, 2016	1,827
Foreign currency translation adjustment	(2)
Balance at June 30, 2016	1,825
Services
Goodwill activity by segment
Balance at March 31, 2016	81
Foreign currency translation adjustment	0
Balance at June 30, 2016	$ 81

Goodwill, Capitalized Softwar40

Goodwill, Capitalized Software and Other Intangible Assets 4 (Details)	3 Months Ended
	Jun. 30, 2016
Enterprise Solutions
Finite-Lived Intangible Assets
Uncertainty, Continued marketability of goods and services	The Company evaluates the useful lives and recoverability of capitalized software and other intangible assets when events or changes in circumstances indicate that an impairment may exist. These evaluations require complex assumptions about key factors such as future customer demand, technology trends and the impact of those factors on the technology the Company acquires and develops for its products. Impairments or revisions to useful lives could result from the use of alternative assumptions that reflect reasonably possible outcomes related to future customer demand or technology trends for assets within the Enterprise Solutions segment.

Deferred Revenue (Details)

Deferred Revenue (Details) - USD ($) $ in Millions	Jun. 30, 2016	Mar. 31, 2016
Current:
Total deferred revenue (billed or collected) - current	$ 2,027	$ 2,197
Noncurrent:
Total deferred revenue (billed or collected) - noncurrent	654	737
Total deferred revenue (billed or collected)	2,681	2,934
Subscription and Maintenance
Current:
Total deferred revenue (billed or collected) - current	1,826	1,990
Noncurrent:
Total deferred revenue (billed or collected) - noncurrent	631	712
Professional Services
Current:
Total deferred revenue (billed or collected) - current	124	116
Noncurrent:
Total deferred revenue (billed or collected) - noncurrent	20	21
Software Fees and Other
Current:
Total deferred revenue (billed or collected) - current	77	91
Noncurrent:
Total deferred revenue (billed or collected) - noncurrent	$ 3	$ 4

Derivatives 1 (Details)

Derivatives 1 (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Foreign Currency Contracts | Other Expenses (Gains), Net
Effect of foreign exchange derivatives
Amount of net (gain)/loss from derivative instruments recognized in the Condensed Consolidated Statements of Operations	$ 3	$ 11

Derivatives 2 (Details)

Derivatives 2 (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Collateral posted under collateralized security arrangements	$ 0	$ 0
Foreign Currency Contracts
Derivatives, Fair Value [Line Items]
Gross notional value of foreign currency contracts outstanding consisting of purchase and sale contracts	$ 1,052	$ 332
Tenure of foreign currency contracts outstanding	less than nine months	less than three months
Net fair value of foreign currency contracts	$ 4	$ (1)
Foreign Currency Contracts | Other Current Assets
Derivatives, Fair Value [Line Items]
Fair value of foreign currency contracts included in "Other current assets"	14	2
Foreign Currency Contracts | Accrued Expenses and Other Current Liabilities
Derivatives, Fair Value [Line Items]
Fair value of foreign currency contracts included in "Accrued expenses and other current liabilities"	$ 10	$ 3

Fair Value Measurements 1 (Deta

Fair Value Measurements 1 (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions		Jun. 30, 2016	Mar. 31, 2016
Assets:
Foreign exchange derivatives	[1]	$ 14	$ 2
Total assets		544	619
Liabilities:
Foreign exchange derivatives	[1]	10	3
Total liabilities		10	3
Money Market Funds | Cash and Cash Equivalents
Assets:
Money market funds	[2]	530	617
Fair Value, Inputs, Level 1
Assets:
Foreign exchange derivatives		0	0
Total assets		530	617
Liabilities:
Foreign exchange derivatives		0	0
Total liabilities		0	0
Fair Value, Inputs, Level 1 | Money Market Funds | Cash and Cash Equivalents
Assets:
Money market funds	[2]	530	617
Fair Value, Inputs, Level 2
Assets:
Foreign exchange derivatives	[1]	14	2
Total assets		14	2
Liabilities:
Foreign exchange derivatives	[1]	10	3
Total liabilities		10	3
Fair Value, Inputs, Level 2 | Money Market Funds | Cash and Cash Equivalents
Assets:
Money market funds		0	0
Fair Value, Inputs, Level 3
Assets:
Total assets		0	0
Liabilities:
Total liabilities		$ 0	$ 0
[1]	Refer to Note F, “Derivatives” for additional information.
[2]	The Company’s investments in money market funds are classified as “Cash and cash equivalents” in its Condensed Consolidated Balance Sheets.

Fair Value Measurements 2 (Deta

Fair Value Measurements 2 (Details) - USD ($) $ in Millions		Jun. 30, 2016	Mar. 31, 2016
Carrying Value
Liabilities:
Total debt		$ 1,950	$ 1,953
Carrying Value | Facility Exit
Liabilities:
Facility exit reserve	[1]	15	16
Estimated Fair Value
Liabilities:
Total debt	[2]	2,069	2,058
Estimated Fair Value | Facility Exit
Liabilities:
Facility exit reserve	[1]	$ 17	$ 17
[1]	Estimated fair value for the facility exit reserve is determined using the Company’s incremental borrowing rate at June 30, 2016 and March 31, 2016. At June 30, 2016 and March 31, 2016, the facility exit reserve included approximately $4 million and $4 million, respectively, in “Accrued expenses and other current liabilities” and approximately $11 million and $12 million, respectively, in “Other noncurrent liabilities” in the Company’s Condensed Consolidated Balance Sheets (Level 3).
[2]	Estimated fair value of total debt is based on quoted prices for similar liabilities for which significant inputs are observable except for certain long-term lease obligations, for which fair value approximates carrying value (Level 2).

Fair Value Measurements 3 (Deta

Fair Value Measurements 3 (Details) - Facility Exit - USD ($) $ in Millions	Jun. 30, 2016	Mar. 31, 2016
Accrued Expenses and Other Current Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Facility exit reserve	$ 4	$ 4
Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Facility exit reserve	$ 11	$ 12

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	May 29, 2014	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Alleged damages suffered	excess of $100 million
Minimum
Loss Contingencies [Line Items]
Loss contingency, Estimate of possible loss		$ 0
Maximum
Loss Contingencies [Line Items]
Loss contingency, Estimate of possible loss		$ 45

Stockholders' Equity 1 (Details

Stockholders' Equity 1 (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash dividends
Declaration date	May 4, 2016	May 5, 2015
Dividend per share (in dollars per share)	$ 0.255	$ 0.25
Record date	May 26, 2016	May 28, 2015
Total amount	$ 107	$ 110
Payment date	Jun. 14, 2016	Jun. 16, 2015

Stockholders' Equity 2 (Details

Stockholders' Equity 2 (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Nov. 13, 2015
Equity [Abstract]
Accumulated other comprehensive loss	$ (445)	$ (416)
Current Stock Repurchase Program
Stock Repurchase Program [Line Items]
Stock repurchase program, Authorized amount			$ 750
Shares of common stock repurchased	1.6
Value of common stock repurchased	$ 50
Stock repurchase program, Remaining authorized common stock repurchase amount	$ 700

Income From Continuing Operat50

Income From Continuing Operations Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Basic income from continuing operations per common share:
Income from continuing operations	$ 198	$ 207
Less: Income from continuing operations allocable to participating securities	(2)	(2)
Income from continuing operations allocable to common shares	$ 196	$ 205
Weighted average common shares outstanding	414	436
Basic income from continuing operations per common share (in dollars per share)	$ 0.47	$ 0.47
Diluted income from continuing operations per common share:
Income from continuing operations	$ 198	$ 207
Less: Income from continuing operations allocable to participating securities	(2)	(2)
Income from continuing operations allocable to common shares	$ 196	$ 205
Weighted average shares outstanding and common share equivalents:
Weighted average common shares outstanding	414	436
Weighted average effect of share-based payment awards	1	2
Denominator in calculation of diluted income per share	415	438
Diluted income from continuing operations per common share (in dollars per share)	$ 0.47	$ 0.47
Income from continuing operations per common share, Other disclosures [Abstract]
Number of anti-dilutive restricted stock awards and options excluded from the calculation	2	1
Weighted average restricted stock awards considered participating securities	5	4

Accounting for Share-Based Co51

Accounting for Share-Based Compensation 1 (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Recognized share-based compensation
Share-based compensation expense before tax	$ 29	$ 22
Income tax benefit	(10)	(7)
Net share-based compensation expense	19	15
Costs of Licensing and Maintenance
Recognized share-based compensation
Share-based compensation expense before tax	2	2
Cost of Professional Services
Recognized share-based compensation
Share-based compensation expense before tax	1	1
Selling and Marketing
Recognized share-based compensation
Share-based compensation expense before tax	10	8
General and Administrative
Recognized share-based compensation
Share-based compensation expense before tax	11	7
Product Development and Enhancements
Recognized share-based compensation
Share-based compensation expense before tax	$ 5	$ 4

Accounting for Share-Based Co52

Accounting for Share-Based Compensation 2 (Details) $ in Millions	3 Months Ended
	Jun. 30, 2016USD ($)
Unrecognized share-based compensation costs
Unrecognized share-based compensation costs	$ 181
Weighted average period expected to be recognized (in years)	2 years 6 months
Stock Option Awards
Unrecognized share-based compensation costs
Unrecognized share-based compensation costs	$ 7
Weighted average period expected to be recognized (in years)	2 years 3 months 18 days
Restricted Stock Units
Unrecognized share-based compensation costs
Unrecognized share-based compensation costs	$ 27
Weighted average period expected to be recognized (in years)	2 years 3 months 18 days
Restricted Stock Awards
Unrecognized share-based compensation costs
Unrecognized share-based compensation costs	$ 102
Weighted average period expected to be recognized (in years)	2 years 3 months 18 days
Performance Share Units
Unrecognized share-based compensation costs
Unrecognized share-based compensation costs	$ 45
Weighted average period expected to be recognized (in years)	2 years 10 months 24 days

Accounting for Share-Based Co53

Accounting for Share-Based Compensation 3 (Details) - $ / shares		3 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Weighted average fair values and assumptions used for options granted
Weighted average fair value (in dollars per share)		$ 4.40	$ 4.69
Dividend yield		3.58%	3.37%
Expected volatility factor	[1]	23.00%	23.00%
Risk-free interest rate	[2]	1.50%	1.90%
Expected life (in years)	[3]	6 years	6 years
[1]	Expected volatility is measured using historical daily price changes of the Company’s common stock over the respective expected term of the options and the implied volatility derived from the market prices of the Company’s traded options.
[2]	The risk-free rate for periods within the contractual term of the stock options is based on the U.S. Treasury yield curve in effect at the time of grant.
[3]	The expected life is the number of years the Company estimates that options will be outstanding prior to exercise. The Company’s computation of expected life was determined based on the simplified method (the average of the vesting period and option term).

Accounting for Share-Based Co54

Accounting for Share-Based Compensation 4 (Details) - $ / shares shares in Millions		3 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Restricted Stock Awards (RSAs)
Summary of PSUs granted under long-term incentive plans
Shares		2.9	2.7
Weighted average grant date fair value (in dollars per share)	[1]	$ 31.53	$ 30.65
Restricted Stock Units (RSUs)
Summary of PSUs granted under long-term incentive plans
Shares		1	0.8
Weighted average grant date fair value (in dollars per share)	[2]	$ 30.10	$ 28.90
Fiscal Year 2016 Incentive Plans | 1-year PSUs under Incentive Plans
Summary of PSUs granted under long-term incentive plans
Performance period (in years)		1 year
Fiscal Year 2016 Incentive Plans | 1-year PSUs under Incentive Plans | Restricted Stock Awards (RSAs)
Summary of PSUs granted under long-term incentive plans
Shares		0.6
Weighted average grant date fair value (in dollars per share)		$ 31.53
Fiscal Year 2016 Incentive Plans | 1-year PSUs under Incentive Plans | Restricted Stock Units (RSUs)
Summary of PSUs granted under long-term incentive plans
Shares		0.1
Weighted average grant date fair value (in dollars per share)		$ 30.53
Fiscal Year 2016 Incentive Plans | 1-year PSUs under Sales Retention Equity Programs
Summary of PSUs granted under long-term incentive plans
Performance period (in years)		1 year
Fiscal Year 2016 Incentive Plans | 1-year PSUs under Sales Retention Equity Programs | Restricted Stock Awards (RSAs)
Summary of PSUs granted under long-term incentive plans
Shares		0.3
Weighted average grant date fair value (in dollars per share)		$ 31.53
Fiscal Year 2016 Incentive Plans | 1-year PSUs under Sales Retention Equity Programs | Restricted Stock Units (RSUs)
Summary of PSUs granted under long-term incentive plans
Shares		0.1
Weighted average grant date fair value (in dollars per share)		$ 28.52
Fiscal Year 2015 Incentive Plans | 1-year PSUs under Incentive Plans
Summary of PSUs granted under long-term incentive plans
Performance period (in years)			1 year
Fiscal Year 2015 Incentive Plans | 1-year PSUs under Incentive Plans | Restricted Stock Awards (RSAs)
Summary of PSUs granted under long-term incentive plans
Shares			0.5
Weighted average grant date fair value (in dollars per share)			$ 31.41
Fiscal Year 2015 Incentive Plans | 1-year PSUs under Incentive Plans | Restricted Stock Units (RSUs)
Summary of PSUs granted under long-term incentive plans
Shares			0.1
Weighted average grant date fair value (in dollars per share)			$ 30.42
Fiscal Year 2015 Incentive Plans | 1-year PSUs under Sales Retention Equity Programs
Summary of PSUs granted under long-term incentive plans
Performance period (in years)			1 year
Fiscal Year 2015 Incentive Plans | 1-year PSUs under Sales Retention Equity Programs | Restricted Stock Awards (RSAs)
Summary of PSUs granted under long-term incentive plans
Shares			0.2
Weighted average grant date fair value (in dollars per share)			$ 30.45
Fiscal Year 2015 Incentive Plans | 1-year PSUs under Sales Retention Equity Programs | Restricted Stock Units (RSUs)
Summary of PSUs granted under long-term incentive plans
Shares			0.1
Weighted average grant date fair value (in dollars per share)			$ 27.50
Fiscal Year 2014 Incentive Plans | 3-year PSUs under Incentive Plans
Summary of PSUs granted under long-term incentive plans
Performance period (in years)		3 years
Shares		0.3
Weighted average grant date fair value (in dollars per share)		$ 31.53
Fiscal Year 2013 Incentive Plans | 3-year PSUs under Incentive Plans
Summary of PSUs granted under long-term incentive plans
Performance period (in years)			3 years
Shares			0.1
Weighted average grant date fair value (in dollars per share)			$ 31.41
[1]	The fair value is based on the quoted market value of the Company’s common stock on the grant date.
[2]	The fair value is based on the quoted market value of the Company’s common stock on the grant date reduced by the present value of dividends expected to be paid on the Company’s common stock prior to vesting of the RSUs, which is calculated using a risk-free interest rate.

Accounting for Share-Based Co55

Accounting for Share-Based Compensation 5 (Details) - $ / shares shares in Millions		3 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Restricted Stock Awards (RSAs)
Summary of all RSAs and RSUs granted, including grants made pursuant to long-term incentive plans
Shares		2.9	2.7
Weighted average grant date fair value (in dollars per share)	[1]	$ 31.53	$ 30.65
Restricted Stock Units (RSUs)
Summary of all RSAs and RSUs granted, including grants made pursuant to long-term incentive plans
Shares		1	0.8
Weighted average grant date fair value (in dollars per share)	[2]	$ 30.10	$ 28.90
[1]	The fair value is based on the quoted market value of the Company’s common stock on the grant date.
[2]	The fair value is based on the quoted market value of the Company’s common stock on the grant date reduced by the present value of dividends expected to be paid on the Company’s common stock prior to vesting of the RSUs, which is calculated using a risk-free interest rate.

Accounting for Share-Based Co56

Accounting for Share-Based Compensation 6 (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Capitalized share-based compensation costs	$ 0	$ 0
Stock options issued	1	0.8
Computation of expected life, Simplified method	The Company’s computation of expected life was determined based on the simplified method (the average of the vesting period and option term).
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of stock closing price on last day of offer period that ESPP participants can purchase Company stock			95.00%
Number of shares issued under ESPP			0.1
Share price issued under ESPP (in dollars per share)			$ 31.19
Number of shares available for future issuances under ESPP	29.1		29.1
Restricted Stock Awards (RSAs) | 1-year PSUs under Incentive Plans | Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	34.00%
Restricted Stock Awards (RSAs) | 1-year PSUs under Incentive Plans | First Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	33.00%
Restricted Stock Awards (RSAs) | 1-year PSUs under Incentive Plans | Second Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	33.00%
Restricted Stock Awards (RSAs) | 1-year PSUs under Sales Retention Equity Programs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period from grant date (in years)	3 years
Restricted Stock Units (RSUs) | 1-year PSUs under Incentive Plans | Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	34.00%
Restricted Stock Units (RSUs) | 1-year PSUs under Incentive Plans | First Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	33.00%
Restricted Stock Units (RSUs) | 1-year PSUs under Incentive Plans | Second Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	33.00%
Restricted Stock Units (RSUs) | 1-year PSUs under Sales Retention Equity Programs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period from grant date (in years)	3 years

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income tax expense	$ 79	$ 88
Estimated annual effective tax rate, which excludes impact of discrete items	29.20%	29.80%
Minimum
Expected Effective Tax Rate [Line Items]
Expected fiscal year 2017 effective tax rate	28.00%
Maximum
Expected Effective Tax Rate [Line Items]
Expected fiscal year 2017 effective tax rate	29.00%

Supplemental Statement of Cas58

Supplemental Statement of Cash Flows Information 1 (Details) - Notional Pooling Arrangement - USD ($) $ in Millions		3 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Notional pooling arrangement
Total borrowings outstanding at beginning of period	[1]	$ 139	$ 138
Borrowings		190	1,760
Repayments		(186)	(1,776)
Foreign exchange effect		(5)	17
Total borrowings outstanding at end of period	[1]	$ 138	$ 139
[1]	Included in “Accrued expenses and other current liabilities” in the Company’s Condensed Consolidated Balance Sheets.

Supplemental Statement of Cas59

Supplemental Statement of Cash Flows Information 2 (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Supplemental Cash Flow Information [Abstract]
Interest payments	$ 23	$ 21
Income taxes paid, net from continuing operations	62	17
Excess tax benefits from share-based incentive awards included in financing activities from continuing operations	3	3
Share-based incentive awards issued under equity compensation plans, Non-cash financing activities	42	41
Withholding taxes on share-based incentive awards, Non-cash financing activities	31	27
Discretionary stock contributions to CA, Inc. Savings Harvest Plan, Non-cash financing activities	24	24
Treasury common shares issued in connection with Employee Stock Purchase Plan, Non-cash financing activities	$ 2	$ 2

Segment Information 1 (Details)

Segment Information 1 (Details) - USD ($) $ in Millions		3 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Segment information
Revenue		$ 999	$ 977
Income from continuing operations before interest and income taxes		292	304
Reconciliation of segment profit to income from continuing operations before income taxes
Segment profit		292	304
Share-based compensation expense		29	22
Other expenses, net	[1]	0	8
Interest expense, net		15	9
Income from continuing operations before income taxes		277	295
Purchased Software Products
Reconciliation of segment profit to income from continuing operations before income taxes
Amortization of intangible assets		43	28
Other Intangible Assets
Reconciliation of segment profit to income from continuing operations before income taxes
Amortization of intangible assets		5	11
Internally Developed Software Products
Reconciliation of segment profit to income from continuing operations before income taxes
Amortization of intangible assets		23	32
Mainframe Solutions
Segment information
Revenue		551	560
Expenses		208	211
Income from continuing operations before interest and income taxes		$ 343	$ 349
Segment operating margin		62.00%	62.00%
Depreciation		$ 9	$ 9
Reconciliation of segment profit to income from continuing operations before income taxes
Segment profit		343	349
Enterprise Solutions
Segment information
Revenue		371	338
Expenses		324	290
Income from continuing operations before interest and income taxes		$ 47	$ 48
Segment operating margin		13.00%	14.00%
Depreciation		$ 6	$ 7
Reconciliation of segment profit to income from continuing operations before income taxes
Segment profit		47	48
Services
Segment information
Revenue		77	79
Expenses		75	71
Income from continuing operations before interest and income taxes		$ 2	$ 8
Segment operating margin		3.00%	10.00%
Depreciation		$ 0	$ 0
Reconciliation of segment profit to income from continuing operations before income taxes
Segment profit		2	8
Total Reportable Segments
Segment information
Revenue		999	977
Expenses		607	572
Income from continuing operations before interest and income taxes		$ 392	$ 405
Segment operating margin		39.00%	41.00%
Depreciation		$ 15	$ 16
Reconciliation of segment profit to income from continuing operations before income taxes
Segment profit		$ 392	$ 405
[1]	Other expenses, net consists of costs associated with certain foreign exchange derivative hedging gains and losses, and other miscellaneous costs.

Segment Information 2 (Details)

Segment Information 2 (Details) - USD ($) $ in Millions		3 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Revenue from the United States and international locations
Revenue		$ 999	$ 977
United States
Revenue from the United States and international locations
Revenue		637	619
EMEA
Revenue from the United States and international locations
Revenue	[1]	225	221
Other
Revenue from the United States and international locations
Revenue		$ 137	$ 137
[1]	Consists of Europe, the Middle East and Africa.