10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

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

For the Quarterly Period Ended January 2, 2015

or

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

For the Transition Period from to

Commission File Number 000-17781

Symantec Corporation

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

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

Registrant’s telephone number, including area code:

(650) 527-8000

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

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

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

Shares of Symantec common stock, $0.01 par value per share, outstanding as of January 30, 2015: 682,380,095 shares.

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SYMANTEC CORPORATION

FORM 10-Q

Quarterly Period Ended January 2, 2015

TABLE OF CONTENTS

	Page
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements	3
Condensed Consolidated Balance Sheets as of January 2, 2015 and March 28, 2014	3
Condensed Consolidated Statements of Income for the three and nine months ended January 2, 2015 and December 27, 2013	4
Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended January 2, 2015 and December 27, 2013	5
Condensed Consolidated Statements of Cash Flows for the nine months ended January 2, 2015 and December  27, 2013	6
Notes to Condensed Consolidated Financial Statements	7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
Item 3. Quantitative and Qualitative Disclosures about Market Risk	29
Item 4. Controls and Procedures	29
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	30
Item 1A. Risk Factors	30
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	31
Item 6. Exhibits	31
Signatures	32

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PART I. FINANCIAL INFORMATION

Item 1.Financial Statements

SYMANTEC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

	January 2, 2015			March 28, 2014*
	(Unaudited) (Dollars in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	2,764		$	3,707
Short-term investments	976			377
Trade accounts receivable, net	982			1,007
Inventories, net	12			14
Deferred income taxes	143			142
Deferred commissions	120			115
Other current assets	258			290
Total current assets	5,255			5,652
Property and equipment, net	1,186			1,116
Intangible assets, net	669			768
Goodwill	5,854			5,858
Long-term deferred commissions	25			21
Other long-term assets	113			124
Total assets	$	13,102		$	13,539
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	212		$	282
Accrued compensation and benefits	382			365
Deferred revenue	2,961			3,322
Current portion of long-term debt	350			—
Other current liabilities	328			337
Total current liabilities	4,233			4,306
Long-term debt	1,745			2,095
Long-term deferred revenue	533			581
Long-term deferred tax liabilities	465			425
Long-term income taxes payable	133			252
Other long-term obligations	83			83
Total liabilities	7,192			7,742
Commitments and contingencies (Note 6)
Stockholders’ equity:
Common stock	7			7
Additional paid-in capital	6,230			6,744
Accumulated other comprehensive income	119			194
Accumulated deficit	(446		)	(1,148		)
Total stockholders’ equity	5,910			5,797
Total liabilities and stockholders’ equity	$	13,102		$	13,539

*Derived from audited financial statements.

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

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SYMANTEC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended						Nine Months Ended
	January 2, 2015			December 27, 2013			January 2, 2015			December 27, 2013
	(Unaudited) (In millions, except per share data)
Net revenue:
Content, subscription, and maintenance	$	1,412		$	1,508		$	4,431		$	4,527
License	226			197			559			524
Total net revenue	1,638			1,705			4,990			5,051
Cost of revenue:
Content, subscription, and maintenance	239			244			748			759
License	28			26			80			67
Amortization of intangible assets	12			13			38			41
Total cost of revenue	279			283			866			867
Gross profit	1,359			1,422			4,124			4,184
Operating expenses:
Sales and marketing	563			610			1,772			1,854
Research and development	267			252			851			762
General and administrative	94			98			290			331
Amortization of intangible assets	27			28			83			128
Restructuring, separation, and transition	81			29			131			232
Total operating expenses	1,032			1,017			3,127			3,307
Operating income	327			405			997			877
Interest income	3			3			9			9
Interest expense	(20		)	(20		)	(60		)	(65		)
Other income (loss), net	2			(1		)	4			37
Income before income taxes	312			387			950			858
Provision for income taxes	90			104			248			177
Net income	$	222		$	283		$	702		$	681
Basic net income per share	$	0.32		$	0.41		$	1.02		$	0.98
Diluted net income per share	$	0.32		$	0.40		$	1.01		$	0.96
Weighted-average shares outstanding — basic	689			696			690			697
Weighted-average shares outstanding — diluted	697			702			697			706
Cash dividends declared per common share	$	0.15		$	0.15		$	0.45		$	0.45

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

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SYMANTEC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Three Months Ended						Nine Months Ended
	January 2, 2015			December 27, 2013			January 2, 2015			December 27, 2013
	(Unaudited) (Dollars in millions)
Net income	$	222		$	283		$	702		$	681
Other comprehensive loss, net of taxes:
Foreign currency translation adjustments	(35		)	(1		)	(75		)	(5		)
Available-for-sale securities:
Unrealized gain on available-for-sale securities, net of taxes of $0 million for the three months ended January 2, 2015 and December 27, 2013, and $0 million for the nine months ended January 2, 2015 and December 27, 2013	—			—			—			—
Reclassification adjustments for realized gain included in net income, net of taxes of $0 million for the three months ended January 2, 2015 and December 27, 2013, and $0 million and $10 million for the nine months ended January 2, 2015 and December 27, 2013, respectively	—			—			—			(14		)
Net change in unrealized loss on available-for-sale securities	—			—			—			(14		)
Other comprehensive loss, net of taxes	(35		)	(1		)	(75		)	(19		)
Comprehensive income	$	187		$	282		$	627		$	662

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

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SYMANTEC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended
	January 2, 2015			December 27, 2013
	(Unaudited) (Dollars in millions)
OPERATING ACTIVITIES:
Net income	$	702		$	681
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	213			207
Amortization of intangible assets	121			170
Amortization of debt issuance costs and discounts	3			6
Stock-based compensation expense	140			111
Deferred income taxes	28			9
Excess income tax benefit from the exercise of stock options	(6		)	(13		)
Net gain from sale of short-term investments	—			(32		)
Other	8			8
Net change in assets and liabilities, excluding effects of acquisitions:
Trade accounts receivable, net	(7		)	145
Inventories, net	1			11
Deferred commissions	(16		)	27
Accounts payable	(65		)	(54		)
Accrued compensation and benefits	28			(83		)
Deferred revenue	(232		)	(470		)
Income taxes payable	(94		)	30
Other assets	22			30
Other liabilities	(22		)	49
Net cash provided by operating activities	824			832
INVESTING ACTIVITIES:
Purchases of property and equipment	(300		)	(183		)
Payments for acquisitions, net of cash acquired, and purchases of intangibles	(39		)	(17		)
Purchases of short-term investments	(1,429		)	(174		)
Proceeds from maturities of short-term investments	495			99
Proceeds from sales of short-term investments	270			67
Net cash used in investing activities	(1,003		)	(208		)
FINANCING ACTIVITIES:
Repayments of debt and other obligations	(19		)	(1,189		)
Proceeds from convertible note hedge	—			189
Net proceeds from sales of common stock under employee stock benefit plans	78			183
Excess income tax benefit from the exercise of stock options	6			13
Tax payments related to restricted stock units	(37		)	(32		)
Dividends paid, net	(311		)	(314		)
Repurchases of common stock	(375		)	(375		)
Proceeds from other financing, net	36			—
Net cash used in financing activities	(622		)	(1,525		)
Effect of exchange rate fluctuations on cash and cash equivalents	(142		)	29
Change in cash and cash equivalents	(943		)	(872		)
Beginning cash and cash equivalents	3,707			4,685
Ending cash and cash equivalents	$	2,764		$	3,813

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

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SYMANTEC CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 1. Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Symantec Corporation (“Symantec,” “we,” “us,” “our,” and “the Company” refer to Symantec Corporation and all of its subsidiaries) as of January 2, 2015 and March 28, 2014, and for the three and nine months ended January 2, 2015 and December 27, 2013 have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S.”) for interim financial information and with the instructions on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In accordance with those rules and regulations, we have omitted certain information and notes normally provided in our annual Consolidated Financial Statements. In the opinion of management, the unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting only of normal recurring items, except as otherwise noted, necessary for the fair presentation of our financial position, results of operations, and cash flows for the interim periods. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. The results of operations for the three and nine months ended January 2, 2015 are not necessarily indicative of the results expected for the entire fiscal year.

We have a 52/53-week fiscal accounting year. Unless otherwise stated, references to three and nine month ended periods in this report relate to fiscal periods ended January 2, 2015 and December 27, 2013. The nine months ended January 2, 2015 consisted of 40 weeks, whereas the nine months ended December 27, 2013 consisted of 39 weeks. Our 2015 fiscal year consists of 53 weeks and ends on April 3, 2015.

There have been no material changes in our significant accounting policies for the three and nine months ended January 2, 2015, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. Certain immaterial amounts in our 2014 Condensed Consolidated Financial Statements within operating expenses have been reclassified to be comparable with classifications used in our 2015 Condensed Consolidated Financial Statements.

The planned separation of Information Management from the Security Business

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

Segment reporting change

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

Recently issued authoritative guidance

On April 10, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-08, Presentation of Financial Statements and Property, Plant and Equipment, that provides new guidance related to reporting discontinued operations. This new standard raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The new standard is effective for the Company April 4, 2015, and is expected to impact the treatment of the planned separation of our information management business that is expected to occur by the end of December 2015. Early

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adoption is permitted but only for disposals that have not been reported in financial statements previously issued. We are evaluating the impact of adopting this new accounting guidance on our Condensed Consolidated Financial Statements and related disclosures.

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

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

Note 2. Fair Value Measurements

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

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

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

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

Assets measured and recorded at fair value on a recurring basis

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

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

There have been no transfers between fair value measurement levels during the nine months ended January 2, 2015. The following table summarizes our assets measured at fair value on a recurring basis, by level, within the fair value hierarchy:

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	January 2, 2015						March 28, 2014
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(Dollars in millions)
Cash equivalents	$	1,503	$	67	$	1,570	$	2,380	$	40	$	2,420
Short-term investments:
Corporate bonds	—		270		270		—		120		120
U.S. government securities	299		—		299		95		—		95
U.S. agency securities	—		82		82		—		45		45
Commercial paper	—		221		221		—		24		24
Other investments	—		99		99		—		47		47
Marketable equity securities	5		—		5		6		—		6

Fair value of debt

As of January 2, 2015 and March 28, 2014, the fair value of the Company’s current and long-term debt was $2.2 billion based on Level 2 inputs.

Note 3. Goodwill and Intangible Assets

Goodwill

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

	Consumer Security			Enterprise Security			Information Management			Total
	(Dollars in millions)
Net balance as of March 28, 2014	$	1,233		$	1,918		$	2,707		$	5,858
Additions (1)	—			11			—			11
Adjustments (2)	(3		)	(8		)	(4		)	(15		)
Net balance as of January 2, 2015	$	1,230		$	1,921		$	2,703		$	5,854

(1)  Additions due to an acquired business.

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

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

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

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Intangible assets, net

	January 2, 2015							March 28, 2014
	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount
	(Dollars in millions)
Customer relationships	$	734	$	(516	)	$	218	$	766	$	(469	)	$	297
Developed technology	296		(159		)	137		287		(142		)	145
Finite-lived tradenames	125		(113		)	12		125		(103		)	22
Patents	21		(16		)	5		21		(14		)	7
Total finite-lived intangible assets	1,176		(804		)	372		1,199		(728		)	471
Indefinite-lived tradenames	297		—			297		297		—			297
Total	$	1,473	$	(804	)	$	669	$	1,496	$	(728	)	$	768

During the third quarter of fiscal 2015, we acquired rights to certain technology for $20 million. This cost was assigned to developed technology and will be amortized to cost of goods sold on a straight-line basis over the estimated useful life of three years. 

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

	January 2, 2015
	(Dollars in millions)
Remainder of fiscal 2015	$	40
2016	112
2017	93
2018	71
2019	37
Thereafter	19
Total	$	372

Note 4. Supplemental Financial Information

Property and equipment, net

	January 2, 2015			March 28, 2014
	(Dollars in millions)
Land	$	79		$	79
Computer hardware and software	1,719			1,797
Office furniture and equipment	126			140
Buildings	544			539
Leasehold improvements	372			356
Construction in progress	93			28
	2,933			2,939
Accumulated depreciation	(1,747		)	(1,823		)
Total	$	1,186		$	1,116

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Dividends and dividend equivalents

During the quarter ended January 2, 2015, we declared and paid a cash dividend of $0.15 per common share for a total of $104 million. During the nine months ended January 2, 2015, we declared and paid cash dividends of $0.45 per common share for a total of $311 million. Each quarterly dividend was recorded as a reduction to additional paid-in capital. In addition, our Board of Directors approved dividend equivalent rights entitling holders of restricted stock and performance-based stock to dividend equivalents to be paid in the form of cash upon vesting, for each share of the underlying units.

On February 5, 2015, we declared a cash dividend of $0.15 per share of common stock to be paid on March 18, 2015 to stockholders of record as of the close of business on February 26, 2015. All shares of common stock issued and outstanding, and unvested restricted stock and performance-based stock, as of the record date will be entitled to the dividend and dividend equivalents, respectively. Any future dividends and dividend equivalents will be subject to the approval of our Board of Directors.

Changes in accumulated other comprehensive income by component

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

	Foreign Currency Translation Adjustments			Unrealized Gain On   Available-For-Sale Securities		Total
	(Dollars in millions)
Balance as of March 28, 2014	$	191		$	3	$	194
Other comprehensive income before reclassifications	(75		)	—		(75		)
Amounts reclassified from accumulated other comprehensive income	—			—		—
Balance as of January 2, 2015	$	116		$	3	$	119

There were no effects to net income of amounts reclassified from accumulated other comprehensive income for the three and nine months ended January 2, 2015.

Note 5. Restructuring, Separation, and Transition

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

Restructuring plans

Fiscal 2014 Plan

We initiated a restructuring plan in the fourth quarter of fiscal 2013 to reduce management and redundant personnel resulting in headcount reductions across the Company. As of January 2, 2015, the related costs for severance and benefits are substantially complete, however we expect to incur immaterial adjustments to existing reserves in subsequent periods.

Fiscal 2015 Plan

Our Board of Directors has approved the strategic decision to separate our business into two independent publicly-traded companies: one focused on security and one focused on information management. We expect to complete this transaction by the end of December 2015, subject to market, regulatory and certain other conditions. In order to separate the business, we initiated a restructuring plan to properly align personnel and expect to incur associated severance and facilities costs. We also expect to incur separation costs in the form of advisory, consulting and disentanglement expenses. These actions are expected

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to be completed in fiscal 2016. We expect to incur total severance and facilities costs between $100 million and $120 million, more than half of which is expected to be incurred in fiscal 2015. We expect to incur separation costs between $80 million and $100 million, excluding any potential tax implications outside the U.S and potential advisor fees payable upon separation. Total restructuring and separation costs are expected to be between $180 million and $220 million. As of January 2, 2015, liabilities for excess facility obligations at several locations around the world are expected to be paid throughout the respective lease terms as we continue to occupy these facilities, the longest of which extends through fiscal 2016.

Restructuring, separation, and transition expense summary

	Three Months Ended   January 2, 2015		Nine Months Ended   January 2, 2015
	(Dollars in millions)
Fiscal 2014 Plan Total	$	—	$	16
Fiscal 2015 Plan
Severance costs	39		47
Separation costs	29		38
Other exit and disposal costs	1		1
Fiscal 2015 Plan Total	69		86
Transition and other related costs	12		29
Total restructuring, separation, and transition costs	$	81	$	131

Restructuring, separation, and transition liabilities summary

	March 28, 2014		Costs, Net of Adjustments		Cash Payments			January 2, 2015		Cumulative Incurred to Date
	(Dollars in millions)
Fiscal 2014 Plan Total	$	38	$	16	$	(47	)	$	7	$	238
Fiscal 2015 Plan
Severance costs	—		47		(15		)	32		47
Separation costs	—		38		(31		)	7		38
Other exit and disposal costs	—		1		—			1		1
Fiscal 2015 Plan Total	—		86		(46		)	40		86
Total restructuring and separation liabilities	$	38	102		$	(93	)	$	47
Transition and other related costs			29
Total restructuring, separation, and transition costs			$	131

Balance Sheet:	January 2, 2015		March 28, 2014
	(Dollars in millions)
Other current liabilities	$	47	$	37
Other long-term obligations	—		1
Total restructuring liabilities	$	47	$	38

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Note 6. Commitments and Contingencies

Indemnification

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

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

Litigation contingencies

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

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

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

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

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

Note 7. Stock Repurchases

The following table summarizes our stock repurchase activity:

	Three Months Ended   January 2, 2015		Nine Months Ended   January 2, 2015
	(In millions, except per share data)
Total number of shares repurchased	5		16
Dollar amount of shares repurchased	$	125	$	375
Average price paid per share	$	25.63	$	23.18

Through our stock repurchase programs we have repurchased shares on a quarterly basis since the fourth quarter of fiscal 2004. During the fourth quarter of fiscal 2013, our Board of Directors authorized a $1.0 billion stock repurchase program which commenced in fiscal 2014. Our active stock repurchase program has $283 million remaining authorized for future repurchase as of January 2, 2015, and does not have an expiration date.

Note 8. Segment Information

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

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

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

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

There were no intersegment sales during the three and nine months ended January 2, 2015 or December 27, 2013. Reclassifications of prior period information have been made to conform to the current period presentation. The following table summarizes the operating results of our reporting segments:

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	Consumer Security		Enterprise   Security		Information     Management		Total Segments
	(Dollars in millions)
Three Months Ended January 2, 2015
Net revenue	$	461	$	509	$	668	$	1,638
Operating income	245		85		168		498
Three Months Ended December 27, 2013
Net revenue	517		528		660		1,705
Operating income	224		107		178		509
Nine Months Ended January 2, 2015
Net revenue	1,479		1,572		1,939		4,990
Operating income	770		240		379		1,389
Nine Months Ended December 27, 2013
Net revenue	1,559		1,589		1,903		5,051
Operating income	673		245		471		1,389

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

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

	Three Months Ended				Nine Months Ended
	January 2, 2015		December 27, 2013		January 2, 2015		December 27, 2013
	(Dollars in millions)
Total segment operating income	$	498	$	509	$	1,389	$	1,389
Reconciling items:
Stock-based compensation	51		34		140		111
Amortization of intangibles	39		41		121		169
Restructuring, separation, and transition	81		29		131		232
Total consolidated operating income	$	327	$	405	$	997	$	877

Note 9. Stock-Based Compensation

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

	Three Months Ended						Nine Months Ended
	January 2, 2015			December 27, 2013			January 2, 2015			December 27, 2013
	(Dollars in millions)
Cost of revenue	$	6		$	5		$	18		$	13
Sales and marketing	20			15			55			44
Research and development	17			9			45			34
General and administrative	8			5			22			20
Total stock-based compensation expense	51			34			140			111
Tax benefit associated with stock-based compensation expense	(14		)	(7		)	(40		)	(28		)
Net stock-based compensation expense	$	37		$	27		$	100		$	83

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

	Nine Months Ended
	January 2, 2015		December 27, 2013
	(Dollars in millions, except per grant data)
Restricted stock units
Weighted-average fair value per grant	$	22.55	$	24.46
Fair value of awards granted	$	390	$	231
Total fair value of awards vested	$	98	$	97
Total unrecognized compensation expense	$	406	$	273
Weighted-average remaining vesting period	3 years		3 years
Performance-based restricted stock units
Weighted-average fair value per grant	$	26.30	$	19.04
Fair value of awards granted	$	44	$	33
Total fair value of awards vested	$	22	$	12
Total unrecognized compensation expense	$	20	$	13
Weighted-average remaining vesting period	2 years		2 years
Stock options
Weighted-average fair value per grant	$	—	$	—
Total intrinsic value of stock options exercised	$	11	$	54
Total unrecognized compensation expense	$	1	$	6
Weighted-average remaining vesting period	1 year		1 year

Performance-based restricted stock units

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

Note 10. Income Taxes

The effective tax rate was approximately 29% and 26% for the three and nine months ended January 2, 2015, and 27% and 21% for the three and nine months ended December 27, 2013, respectively.

For the three and nine months ended January 2, 2015, the tax expense was reduced by $8 million and $28 million, respectively, in tax benefits primarily resulting from tax settlements, lapses of statutes of limitations, and prior year items. The tax provision was also reduced by $2 million in tax benefits for the three and nine months ended January 2, 2015 resulting from the extension of the U.S. federal research and development tax credit through 2014 ("R&D credit") as part of the Tax Increase Prevention Act of 2014. There was no benefit to the tax provision, in the three and nine months ended January 2, 2015, resulting from separation costs incurred in these periods.

For the three and nine months ended December 27, 2013, the tax provision was reduced by a net tax benefit of $7 million related to certain foreign operations. The tax provision for the three and nine months ended December 27, 2013 was also reduced by $2 million and $13 million in tax benefits, respectively, primarily resulting from individually insignificant tax settlements, lapses of statutes of limitations, and prior year items. For the nine months ended December 27, 2013, the tax provision was further reduced by $33 million for the resolution of a tax matter related to the sale of our 49% ownership interest

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in the joint venture with Huawei during the fourth quarter of fiscal 2012, as well as by $24 million for tax benefits related to the settlement of the Symantec 2005 through 2008 Internal Revenue Service (“IRS”) audit. These tax benefits were partially offset by $12 million in tax expense, in the nine months ended December 27, 2013, resulting from the sale of short-term investments.

The provision for the three and nine months ended January 2, 2015 and December 27, 2013 otherwise reflects a forecasted tax rate of 28% and 29%, for each period, respectively. The forecasted tax rates for all periods presented reflect the benefits of lower-taxed international earnings and domestic manufacturing incentives, and the R&D credit, partially offset by state income taxes. The forecasted tax rate for the period ended January 2, 2015 includes the partial benefit of the R&D credit which expired on December 31, 2014.

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

The timing of the resolution of income tax examinations is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Although potential resolution of uncertain tax positions involve multiple tax periods and jurisdictions, it is reasonably possible that the gross unrecognized tax benefits related to these audits could decrease, whether by payment, remeasurement, and/or release in the next 12 months, by between $30 million and $150 million. Depending on the nature and timing of such settlements and expiration of statutes of limitations during the next 12 months, we estimate between $15 million and $70 million could affect our income tax provision and therefore benefit the resulting effective tax rate. As of January 2, 2015, we have $127 million on deposit with the IRS pertaining to U.S. tax matters in the Symantec fiscal 2009 through 2013 audit cycle, and it is reasonably possible that additional cash payments between $15 million and $65 million will be made in the next 12 months.

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

Note 11. Earnings Per Share

The components of earnings per share are as follows:

	Three Months Ended				Nine Months Ended
	January 2, 2015		December 27, 2013		January 2, 2015		December 27, 2013
	(In millions, except per share data)
Net income	$	222	$	283	$	702	$	681
Net income per share — basic	$	0.32	$	0.41	$	1.02	$	0.98
Net income per share — diluted	$	0.32	$	0.40	$	1.01	$	0.96
Weighted-average outstanding common shares — basic	689		696		690		697
Dilutive potential shares from stock-based compensation	8		6		7		9
Weighted-average shares outstanding — diluted	697		702		697		706
Anti-dilutive weighted-average employee share based awards	—		4		1		5

Note 12. Subsequent Events

On February 3, 2015, our Board of Directors authorized a new $1.0 billion stock repurchase program which commenced immediately and does not have an expiration date. This is in addition to the previous program with $283 million remaining authorized for future repurchase.

On December 8, 2010, Intellectual Ventures ("IV") sued Symantec for patent infringement in the U.S. District Court in Delaware. The complaint alleged infringement of four patents by various Symantec internet security products, including Norton

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security products, Symantec Endpoint Protection, and other Symantec email and web security products. In January 2014, one patent was dismissed from the case. On January 26, 2015, a jury trial began on the remaining three patents. At trial, IV requested a damages award of up to $299 million. Symantec offered evidence that the three patents were invalid and not infringed. Symantec also offered evidence that, even if any of the patents are found to be valid and infringed, any damages would be significantly lower than the amount requested by IV.  After a nine-day trial, on February 6, 2015, the jury issued a verdict finding that:  two of the three patents are valid and infringed and awarded damages in the amount of $17 million.  Symantec is considering its options to overturn all or part of the verdict, including the filing of post-trial motions for judgment as a matter of law and/or a motion for a new trial and/or filing an appeal to the Federal Circuit. Symantec does not believe that it is probable that it has incurred a material loss and, as a result, has not made an accrual for this matter.

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

Forward-Looking Statements and Factors That May Affect Future Results

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

Fiscal Calendar

We have a 52/53-week fiscal accounting year ending on the Friday closest to March 31. The three and nine months ended January 2, 2015 consisted of 13 and 40 weeks, respectively. The three and nine months ended December 27, 2013 consisted of 13 and 39 weeks, respectively.

OVERVIEW

Our Business

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

Strategy

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

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

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

The Planned Separation of Information Management from the Security Business

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

Our Operating Segments

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

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

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

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

Financial Results and Trends

Total revenue decreased by $67 million and $61 million for the three and nine months ended January 2, 2015, respectively, as compared to the same periods last year, reflecting declines in our content, subscription and maintenance revenue, partially offset by increased license revenue. Content, subscription, and maintenance revenue decreased by $96 million for both the three and nine months ended January 2, 2015, as compared to the same periods last year, primarily due to the general strengthening of the U.S. dollar against foreign currencies combined with a decline in our consumer security business. We experienced license revenue growth for the three and nine months ended January 2, 2015, as compared to the same periods last year, primarily due to growth in our NetBackup products. Revenue decreased internationally for the three and nine months ended January 2, 2015, while domestic revenue was relatively consistent for the three and nine months ended January 2, 2015, in each case as compared to the same periods last year. The decreases in international revenue were primarily due to unfavorable foreign currency fluctuations in the Europe, Middle East, and Africa ("EMEA") and Asia Pacific/Japan regions.

Gross margins remained constant at 83% for both the three and nine months ended January 2, 2015, respectively, when compared to the same periods last year. Additionally, total cost of revenue remained relatively consistent for the three and nine months ended January 2, 2015, as compared to the same periods in the prior year.

Operating expenses remained relatively consistent for the three months ended January 2, 2015, as compared to the same period in the prior year as costs associated with the fiscal 2015 restructuring plan were largely offset by lower selling and

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marketing expenses. Operating expenses declined by $180 million for the nine months ended January 2, 2015 as compared to the same period in the prior year, primarily due to lower restructuring costs related to our fiscal 2014 plan, which is substantially complete, and lower spending.

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

Critical Accounting Estimates

There have been no material changes in the matters for which we make critical accounting estimates in the preparation of our Condensed Consolidated Financial Statements during the three and nine months ended January 2, 2015, as compared to those disclosed in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014.

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RESULTS OF OPERATIONS

Total Net Revenue

	Three Months Ended											Nine Months Ended
	January 2, 2015			December 27, 2013			Change in					January 2, 2015			December 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Content, subscription, and maintenance revenue	$	1,412		$	1,508		$	(96	)	(6)	%	$	4,431		$	4,527		$	(96	)	(2)	%
Percentage of total net revenue	86		%	88		%						89		%	90		%
License revenue	226			197			29			15	%	559			524			35			7	%
Percentage of total net revenue	14		%	12		%						11		%	10		%
Total	$	1,638		$	1,705		$	(67	)	(4)	%	$	4,990		$	5,051		$	(61	)	(1)	%

Content, subscription, and maintenance revenue represented 86% and 89% of total net revenue for the three and nine months ended January 2, 2015, respectively. Our content, subscription and maintenance revenue decreased by $96 million for the three and nine months ended January 2, 2015, as compared to the same periods last year primarily due to the general strengthening of the U.S. dollar against foreign currencies and declines in our consumer security business.

Our license revenue, which includes sales of software licenses, appliances, and certain revenue-sharing arrangements, increased by $29 million for the three months ended January 2, 2015, as compared to the same period last year due to an increase in sales of our NetBackup products. Growth from sales of our NetBackup products also drove license revenue growth of $35 million for the nine months ended January 2, 2015, which was partially offset by weakness in sales of our Backup Exec products.

Net Revenue and Operating Income by Segment

Consumer Security Segment

	Three Months Ended											Nine Months Ended
	January 2, 2015			December 27, 2013			Change in					January 2, 2015			December 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Consumer Security revenue	$	461		$	517		$	(56	)	(11)	%	$	1,479		$	1,559		$	(80	)	(5)	%
Percentage of total net revenue	28		%	30		%						30		%	31		%
Consumer Security operating income	$	245		$	224		$	21		9	%	$	770		$	673		$	97		14	%
Consumer Security operating margin	53		%	43		%						52		%	43		%

Consumer Security revenue decreased by $56 million and $80 million for the three and nine months ended January 2, 2015, respectively, as compared to the same periods last year. The consumer security revenue decrease was primarily due to declines in our core consumer security products driven by our channel strategy to exit certain high-cost and unprofitable original equipment manufacturer ("OEM") arrangements, coupled with the impact of our decision to change our renewal practices.

Consumer Security operating income increased $21 million and $97 million for the three and nine months ended January 2, 2015, respectively, as compared to the same periods last year, primarily due to reductions in advertising and promotion costs.

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Enterprise Security Segment

	Three Months Ended											Nine Months Ended
	January 2, 2015			December 27, 2013			Change in					January 2, 2015			December 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Enterprise Security revenue	$	509		$	528		$	(19	)	(4)	%	$	1,572		$	1,589		$	(17	)	(1)	%
Percentage of total net revenue	31		%	31		%						31		%	31		%
Enterprise Security operating income	$	85		$	107		$	(22	)	(21)	%	$	240		$	245		$	(5	)	(2)	%
Enterprise Security operating margin	17		%	20		%						15		%	15		%

Enterprise Security revenue decreased by $19 million and $17 million for the three and nine months ended January 2, 2015, respectively, as compared to the same periods last year primarily due to unfavorable foreign currency fluctuations of $18 million and $13 million, respectively.

Enterprise Security operating income decreased $22 million for the three months ended January 2, 2015, as compared to the same period last year primarily due to the reduction in revenue. Enterprise Security operating income remained relatively consistent for the nine months ended January 2, 2015, as compared to the same period last year.

Information Management Segment

	Three Months Ended											Nine Months Ended
	January 2, 2015			December 27, 2013			Change in					January 2, 2015			December 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Information Management revenue	$	668		$	660		$	8		1	%	$	1,939		$	1,903		$	36		2	%
Percentage of total net revenue	41		%	39		%						39		%	38		%
Information Management operating income	$	168		$	178		$	(10	)	(6)	%	$	379		$	471		$	(92	)	(20)	%
Information Management operating margin	25		%	27		%						20		%	25		%

Information Management revenue increased $8 million and $36 million for the three and nine months ended January 2, 2015, respectively, as compared to the same periods last year, primarily due to an increase in revenue from our NetBackup products partially offset by unfavorable foreign currency fluctuations and weakness in our Backup Exec products. In addition, the revenue increase for the nine months ended January 2, 2015 was partially offset by weakness in our information availability offerings.

Information Management operating income decreased $10 million and $92 million for the three and nine months ended January 2, 2015, respectively, as compared to the same periods last year, driven by increases in headcount related expenses including higher sales commissions expense and higher performance-based bonus expense.

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Net Revenue by Geography

	Three Months Ended											Nine Months Ended
	January 2, 2015			December 27, 2013			Change in					January 2, 2015			December 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Americas (U.S., Canada and Latin America)
Consumer Security segment	$	270		$	299		$	(29	)	(10)	%	$	856		$	906		$	(50	)	(6)	%
Enterprise Security segment	282			282			—			—	%	844			850			(6		)	(1)	%
Information Management segment	355			333			22			7	%	1,031			981			50			5	%
Total Americas	$	907		$	914		$	(7	)	(1)	%	$	2,731		$	2,737		$	(6	)	—	%
Percentage of total net revenue	56		%	54		%						55		%	54		%
EMEA (Europe, Middle East, Africa)
Consumer Security segment	$	125		$	140		$	(15	)	(11)	%	$	408		$	418		$	(10	)	(2)	%
Enterprise Security segment	134			141			(7		)	(5)	%	425			419			6			1	%
Information Management segment	205			213			(8		)	(4)	%	581			584			(3		)	(1)	%
Total EMEA	$	464		$	494		$	(30	)	(6)	%	$	1,414		$	1,421		$	(7	)	—	%
Percentage of total net revenue	28		%	29		%						28		%	28		%
Asia Pacific/Japan
Consumer Security segment	$	66		$	78		$	(12	)	(15)	%	$	215		$	235		$	(20	)	(9)	%
Enterprise Security segment	93			105			(12		)	(11)	%	303			320			(17		)	(5)	%
Information Management segment	108			114			(6		)	(5)	%	327			338			(11		)	(3)	%
Total Asia Pacific/Japan	$	267		$	297		$	(30	)	(10)	%	$	845		$	893		$	(48	)	(5)	%
Percentage of total net revenue	16		%	17		%						17		%	18		%
Total	$	1,638		$	1,705		$	(67	)	(4)	%	$	4,990		$	5,051		$	(61	)	(1)	%
U.S.	$	808		$	801		$	7		1	%	$	2,410		$	2,420		$	(10	)	—	%
U.S. percentage of total net revenue	49		%	47		%						48		%	48		%
International	830			904			(74		)	(8)	%	2,580			2,631			(51		)	(2)	%
International percentage of total net revenue	51		%	53		%						52		%	52		%
Total	$	1,638		$	1,705		$	(67	)	(4)	%	$	4,990		$	5,051		$	(61	)	(1)	%

The Americas region revenue was relatively consistent during the three and nine months ended January 2, 2015, as compared to the same periods last year. The EMEA region revenue decreased for the three and nine months ended January 2, 2015, as compared to the same periods last year, due to unfavorable foreign currency fluctuations of $40 million and $16 million, respectively. The Asia Pacific and Japan region revenue decreased for the three and nine months ended January 2, 2015, as compared to the same periods last year, primarily due to unfavorable foreign currency fluctuations of $19 million and $28 million, respectively.

Our international sales are expected to continue to be a significant portion of our revenue. As a result, revenue is expected to continue to be affected by foreign currency exchange rates as compared to the U.S. dollar. We are unable to predict the extent to

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which revenue in future periods will be impacted by changes in foreign currency exchange rates. If international sales become a greater portion of our total sales in the future, changes in foreign currency exchange rates may have a potentially greater impact on our revenue and operating results.

Cost of Revenue

	Three Months Ended											Nine Months Ended
	January 2, 2015			December 27, 2013			Change in					January 2, 2015			December 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Cost of content, subscription, and maintenance	$	239		$	244		$	(5	)	(2)	%	$	748		$	759		$	(11	)	(1)	%
As a percentage of related revenue	17		%	16		%						17		%	17		%
Cost of license	28			26			2			8	%	80			67			13			19	%
As a percentage of related revenue	12		%	13		%						14		%	13		%
Amortization of intangible assets	12			13			(1		)	(8)	%	38			41			(3		)	(7)	%
As a percentage of total net revenue	1		%	1		%						1		%	1		%
Total	$	279		$	283		$	(4	)	(1)	%	$	866		$	867		$	(1	)	—	%
Gross margin	83		%	83		%						83		%	83		%

Cost of content, subscription, and maintenance consists primarily of technical support costs, costs of billable services, and fees to OEMs under revenue-sharing agreements. Cost of license consists primarily of royalties paid to third parties under technology licensing agreements, appliance manufacturing costs, and other direct material costs. Our total cost of revenue remained relatively consistent for the three and nine months ended January 2, 2015, compared to the same periods last year. Cost of license increased for the nine months ended January 2, 2015, compared to the same period last year, primarily due to direct costs associated with our appliance offerings.

Operating Expenses

	Three Months Ended											Nine Months Ended
	January 2, 2015			December 27, 2013			Change in					January 2, 2015			December 27, 2013			Change in
							$			%								$			%
	(Dollars in millions)
Sales and marketing	$	563		$	610		$	(47	)	(8)	%	$	1,772		$	1,854		$	(82	)	(4)	%
Percentage of total net revenue	34		%	36		%						36		%	37		%
Research and development	267			252			15			6	%	851			762			89			12	%
Percentage of total net revenue	16		%	15		%						17		%	15		%
General and administrative	94			98			(4		)	(4)	%	290			331			(41		)	(12)	%
Percentage of total net revenue	6		%	6		%						6		%	7		%
Amortization of intangible assets	27			28			(1		)	(4)	%	83			128			(45		)	(35)	%
Percentage of total net revenue	2		%	2		%						2		%	3		%
Restructuring, separation, and transition	81			29			52			179	%	131			232			(101		)	(44)	%
Percentage of total net revenue	5		%	2		%						3		%	5		%
Total	$	1,032		$	1,017		$	15		1	%	$	3,127		$	3,307		$	(180	)	(5)	%

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Sales and marketing expense decreased for the three and nine months ended January 2, 2015, as compared to the same periods last year, primarily due to lower OEM royalty fees of $53 million and $123 million, respectively. This decline for the three and nine months ended January 2, 2015 was partially offset by an increase of $8 million and $12 million in salaries and wages, respectively. The decline for the nine months ended January 2, 2015 was additionally offset by an increase of $37 million in marketing expenses.

Research and development expense increased for the three months ended January 2, 2015, as compared to the same period last year, due to increased stock-based compensation expense of $8 million. Research and development expense increased for the nine months ended January 2, 2015, as compared to the same period last year, due to higher salaries and wages of $25 million, higher equipment costs of $10 million, an increase in information technology and telecom costs of $15 million, and an increase in stock-based compensation expense of $11 million.

General and administrative expense decreased for the nine months ended January 2, 2015, as compared to the same period last year, primarily due to a reduction of outside services usage of $48 million.

Amortization of intangible assets decreased by $45 million for the nine months ended January 2, 2015, as compared to the same period last year, as a result of various customer relationship intangibles becoming fully amortized at the end of the June 28, 2013 quarter.

Restructuring, separation, and transition costs increased by $52 million for the three months ended January 2, 2015, as a result of the fiscal 2015 plan starting up in the second quarter of fiscal 2015. Restructuring, separation, and transition costs decreased by $101 million for the nine months ended January 2, 2015, as compared to the same period last year, as a result of the restructuring plan initiated in the fourth quarter fiscal 2013, which was substantially completed as of end of the year ended March 28, 2014.

We had favorable foreign currency fluctuations on our operating expenses of $22 million and $18 million, for the three and nine months ended January 2, 2015, as compared to the same periods last year, respectively.

Non-Operating Income (Expense), net

	Three Months Ended										Nine Months Ended
	January 2, 2015			December 27, 2013			Change in				January 2, 2015			December 27, 2013			Change in
							$		%								$			%
	(Dollars in millions)
Interest income	$	3		$	3						$	9		$	9
Interest expense	(20		)	(20		)					(60		)	(65		)
Other income (loss), net	2			(1		)					4			37
Total	$	(15	)	$	(18	)	$	3	(17)	%	$	(47	)	$	(19	)	$	(28	)	147	%
Percentage of total net revenue	(1)		%	(1)		%					(1)		%	—		%

Non-operating expense, net, decreased for the three months ended January 2, 2015, compared to the same period last year, primarily due to changes in foreign currency exchange rates. Non-operating expense, net, increased for the nine months ended January 2, 2015, due to a realized gain from the sale of short-term investments of $32 million during the nine months ended December 27, 2013.

Provision for Income Taxes

	Three Months Ended											Nine Months Ended
	January 2, 2015			December 27, 2013			Change in					January 2, 2015			December 27, 2013			Change in
							$			%								$		%
	(Dollars in millions)
Provision for income taxes	$	90		$	104		$	(14	)	(13)	%	$	248		$	177		$	71	40	%
Effective tax rate on earnings	29		%	27		%						26		%	21		%

The effective tax rate was approximately 29% and 26% for the three and nine months ended January 2, 2015 respectively, and 27% and 21% for the three and nine months ended December 27, 2013, respectively.

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For the three and nine months ended January 2, 2015, the tax expense was reduced by $8 million and $28 million, respectively, in tax benefits primarily resulting from tax settlements, lapses of statutes of limitations, and prior year items. The tax provision was also reduced by $2 million in tax benefits for the three and nine months ended January 2, 2015 resulting from the extension of the U.S federal research and development credit through 2014 ("R&D credit") as part of the Tax Increase Prevention Act of 2014. There was no benefit to the tax provision, in the three and nine months ended January 2, 2015, resulting from separation costs incurred in these periods.

For the three and nine months ended December 27, 2013, the tax provision was reduced by a net tax benefit of $7 million related to certain foreign operations. The tax provision for the three and nine months ended December 27, 2013 was also reduced by $2 million and $13 million in tax benefits, respectively, primarily resulting from individually insignificant tax settlements, lapses of statutes of limitations, and prior year items. For the nine months ended December 27, 2013, the tax provision was further reduced by $33 million for the resolution of a tax matter related to the sale of our 49% ownership interest in the joint venture with Huawei during the fourth quarter of fiscal 2012, as well as by $24 million for tax benefits related to the settlement of the Symantec 2005 through 2008 Internal Revenue Service (“IRS”) audit. These tax benefits were partially offset by $12 million in tax expense, in the nine months ended December 27, 2013, resulting from the sale of short-term investments.

The provision for the three and nine months ended January 2, 2015 and December 27, 2013 otherwise reflects a forecasted tax rate of 28% and 29%, for each period, respectively. The forecasted tax rates for all periods presented reflect the benefits of lower-taxed international earnings, domestic manufacturing incentives, and R&D credit, partially offset by state income taxes. The forecasted tax rate for the period ended January 2, 2015 includes the partial benefit of the R&D credit which expired on December 31, 2014.

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

The timing of the resolution of income tax examinations is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Although potential resolution of uncertain tax positions involve multiple tax periods and jurisdictions, it is reasonably possible that the gross unrecognized tax benefits related to these audits could decrease, whether by payment, remeasurement, and/or release in the next 12 months, by between $30 million and $150 million. Depending on the nature and timing of such settlements and expiration of statutes of limitations during the next 12 months, we estimate between $15 million and $70 million could affect our income tax provision and therefore benefit the resulting effective tax rate. As of January 2, 2015, we have $127 million on deposit with the IRS pertaining to U.S. tax matters in the Symantec fiscal 2009 through 2013 audit cycle, and it is reasonably possible that additional cash payments between $15 million and $65 million will be made in the next 12 months.

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

LIQUIDITY AND CAPITAL RESOURCES

Sources of Cash

We have historically relied on cash flow from operations, borrowings under a credit facility, and issuances of debt and equity securities for our liquidity needs. As of January 2, 2015, we had cash, cash equivalents and short-term investments of $3.7 billion and an unused credit facility of $1.0 billion resulting in a liquidity position of approximately $4.7 billion. As of January 2, 2015, $2.5 billion in cash, cash equivalents and short-term investments were held by our foreign subsidiaries. We have provided U.S. deferred taxes on a portion of our undistributed foreign earnings sufficient to address the incremental U.S. tax that would be due if we needed such portion of these funds to support our operations in the U.S.

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

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Revolving Credit Facility:  In the second quarter of fiscal 2011, we entered into a $1.0 billion senior unsecured revolving credit facility (“credit facility”), which was amended in the first quarter of 2013 to extend the term to June 7, 2017. Under the terms of this credit facility, we must comply with certain financial and non-financial covenants, including a debt to EBITDA (earnings before interest, taxes, depreciation and amortization) covenant. As of January 2, 2015, we were in compliance with all required covenants, and there was no outstanding balance on the credit facility.

We believe that our existing cash and investment balances, our available revolving credit facility, our ability to issue new debt instruments, and cash generated from operations will be sufficient to meet our working capital and capital expenditure requirements, as well as fund any cash dividends, principal and interest payments on debt, and repurchases of our stock, for at least the next 12 months and foreseeable future. Since the beginning of fiscal 2014, we have implemented a capital allocation strategy pursuant to which we expect to return over time approximately 50% of free cash flow to stockholders through a combination of dividends and share repurchases, while still enabling our company to invest in its future. Our strategy emphasizes organic growth through internal innovation and will be complemented by acquisitions that fit strategically and meet specific internal profitability hurdles.

Uses of Cash

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

Stock Repurchases: For the nine months ended January 2, 2015, we repurchased 16 million shares, or $375 million, of our common stock. During the nine months ended December 27, 2013, we repurchased 15 million shares, or $375 million, of our common stock. Our active stock repurchase program had $283 million remaining authorized for future repurchase as of January 2, 2015, with no expiration date.

Dividend Program:  During the nine months ended January 2, 2015, we declared and paid cash dividends of $0.45 per common share for a total of $311 million. Each quarterly dividend was recorded as a reduction to additional paid-in capital. In addition, our Board of Directors approved dividend equivalent rights entitling holders of restricted stock and performance-based stock to dividend equivalents to be paid in the form of cash upon vesting, for each share of the underlying units. During the nine months ended December 27, 2013, we declared and paid cash dividends of $0.45 per common share for a total of $314 million. On February 5, 2015, we declared a cash dividend of $0.15 per share of common stock to be paid on March 18, 2015 to stockholders of record as of the close of business on February 26, 2015. All shares of common stock issued and outstanding, and unvested restricted stock and performance-based stock, as of the record date will be entitled to the dividend and dividend equivalents, respectively. Any future dividends and dividend equivalents will be subject to the approval of our Board of Directors.

Restructuring Plan: Our Board of Directors has approved the strategic decision to separate our business into two independent publicly-traded companies: one focused on security and one focused on information management. We expect to complete this transaction by the end of December 2015, subject to market, regulatory and certain other conditions. In order to separate the business, we initiated a restructuring plan to properly align personnel and expect to incur associated severance and facilities costs. We also expect to incur separation costs in the form of advisory, consulting and disentanglement expenses. These actions are expected to be completed in fiscal 2016. We expect to incur total severance and facilities costs between $100 million and $120 million, more than half of which is expected to be incurred in fiscal 2015. We expect to incur separation costs between $80 million and $100 million, excluding any potential tax implications outside the U.S and potential advisor fees payable upon separation. Total restructuring and separation costs are expected to be between $180 million and $220 million. As of January 2, 2015, liabilities for excess facility obligations at several locations around the world are expected to be paid throughout the respective lease terms as we continue to occupy these facilities, the longest of which extends through fiscal 2016. As a result of the restructuring, we expect headcount reductions of approximately 10%.

Cash Flows

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

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	Nine Months Ended
	January 2, 2015			December 27, 2013
	(Dollars in millions)
Net cash provided by (used in):
Operating activities	$	824		$	832
Investing activities	(1,003		)	(208		)
Financing activities	(622		)	(1,525		)

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

Operating Activities

Net cash provided by operating activities was $824 million for the nine months ended January 2, 2015, which resulted from net income of $702 million adjusted for non-cash items including depreciation and amortization of $337 million, as well as stock-based compensation of $140 million. These amounts were partially offset by decreases in deferred revenue of $232 million, and income taxes payable of $94 million.

Net cash provided by operating activities was $832 million for the nine months ended December 27, 2013, which resulted from net income of $681 million adjusted for non-cash items, including depreciation and amortization charges of $383 million, as well as net changes in trade receivables resulting in inflows of $145 million. These amounts were partially offset by decreases in deferred revenue of $470 million.

Investing Activities

Net cash used in investing activities was $1.0 billion for the nine months ended January 2, 2015, and was primarily due to the purchase of $1.4 billion of short-term investments and payments of $300 million for capital expenditures, partially offset by proceeds of $495 million from maturities in short-term investments, and $270 million from sales of our short-term investments.

Net cash used in investing activities was $208 million for the nine months ended December 27, 2013, and was primarily due to payments of $183 million for capital expenditures, and the purchase of $174 million of short-term investments, offset by proceeds of $99 million from maturities in short-term investments, and $67 million from sales of our short-term investments.

Financing Activities

Net cash used in financing activities was $622 million for the nine months ended January 2, 2015, and was primarily due to repurchases of our common stock of $375 million and dividend payments of $311 million, partially offset by proceeds from sales of common stock under employee stock plans of $78 million.

Net cash used in financing activities was $1.5 billion for the nine months ended December 27, 2013, and was primarily due to the repayment of our 1.00% notes of $1.2 billion, repurchases of our common stock of $375 million and a dividend payment of $314 million, partially offset by proceeds from the exercise of our note hedge of $189 million and proceeds from sales of common stock under employee stock plans of $183 million.

Contractual Obligations

There have been no significant changes during the nine months ended January 2, 2015 to the contractual obligations disclosed in Management’s Discussion and Analysis of Financial Condition and Results of Operations, set forth in Part II, Item 7, of our Annual Report on Form 10-K for the fiscal year ended March 28, 2014.

Indemnifications

In the ordinary course of business, we may provide indemnifications of varying scope and terms to customers, vendors, lessors, business partners, subsidiaries and other parties with respect to certain matters, including, but not limited to, losses arising out of our breach of agreements or representations and warranties made by us. In addition, our bylaws contain

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indemnification obligations to our directors, officers, employees and agents, and we have entered into indemnification agreements with our directors and certain of our officers to give such directors and officers additional contractual assurances regarding the scope of the indemnification set forth in our bylaws and to provide additional procedural protections. We maintain director and officer insurance, which may cover certain liabilities arising from our obligation to indemnify our directors and officers. It is not possible to determine the aggregate maximum potential loss under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Such indemnification agreements might not be subject to maximum loss clauses. Historically, we have not incurred material costs as a result of obligations under these agreements and we have not accrued any liabilities related to such indemnification obligations in our Condensed Consolidated Financial Statements.

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

Item 3.Quantitative and Qualitative Disclosures about Market Risk

There have been no significant changes in our market risk exposures during the nine months ended January 2, 2015 as compared to the market risk exposures disclosed in Management’s Discussion and Analysis of Financial Condition and Results of Operations, set forth in Part II, Item 7A, of our Annual Report on Form 10-K for the fiscal year ended March 28, 2014.

Item 4.Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures

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

(b) Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the three months ended January 2, 2015 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

(c) Limitations on Effectiveness of Controls

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

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PART II. OTHER INFORMATION

Item 1.Legal Proceedings

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

Item 1A.Risk Factors

A description of the risks associated with our business, financial condition, and results of operations is set forth in Part 1, Item 1A, of our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. There have been no material changes in our risks from such description, other than the addition of the following risk factors:

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

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

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

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

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

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

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

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

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

Stock repurchases during the three months ended January 2, 2015 were as follows:

ISSUER PURCHASES OF EQUITY SECURITIES

	Total Number of Shares Purchased	Average Price Paid per   Share		Total Number of Shares Purchased Under Publicly Announced Plans or Programs	Maximum Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
	(In millions, except per share data)
October 4, 2014   to October 31, 2014	—	$	—	—	$	408
November 1, 2014   to November 28, 2014	3	$	25.50	3	$	339
November 29, 2014   to January 2, 2015	2	$	25.78	2	$	283
Total	5	$	25.63	5

For information regarding our stock repurchase programs, see Notes 7 and 12 of Notes to Condensed Consolidated Financial Statements, which information is incorporated herein by reference.

Item 6.Exhibits

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

31

SIGNATURES

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

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

Date: February 9, 2015

32

EXHIBIT INDEX

		Incorporated by Reference
Exhibit Number	Exhibit Description	Form	File Number	Exhibit	File Date	Filed with this 10-Q
31.01	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002					X
31.02	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002					X
32.01†	Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002					X
32.02†	Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002					X
101.INS	XBRL Instance Document					X
101.SCH	XBRL Taxonomy Schema Linkbase Document					X
101.CAL	XBRL Taxonomy Calculation Linkbase Document					X
101.DEF	XBRL Taxonomy Definition Linkbase Document					X
101.LAB	XBRL Taxonomy Labels Linkbase Document					X
101.PRE	XBRL Taxonomy Presentation Linkbase Document					X

† This exhibit is being furnished rather than filed, and shall not be deemed incorporated by reference into any filing, in accordance with Item 601 of Regulation S-K.

33

EX-31.01

Exhibit 31.01

CERTIFICATION

I, Michael A. Brown, certify that:

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

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 9, 2015

/s/ MICHAEL A. BROWN

Michael A. Brown

President and Chief Executive Officer, and Director  

(principal executive officer)

EX-31.02

Exhibit 31.02

CERTIFICATION

I, Thomas J. Seifert, certify that:

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

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 9, 2015

/s/ THOMAS J. SEIFERT

Thomas J. Seifert

Executive Vice President and Chief Financial Officer  

(principal financial officer)

EX-32.01

Exhibit 32.01

CERTIFICATION PURSUANTTO

18 U.S.C. SECTION 1350, ASADOPTEDPURSUANTTO

SECTION 906 OFTHE SARBANES-OXLEY ACTOF 2002

I, Michael A. Brown, President and Chief Executive Officer, and Director of Symantec Corporation (the “Company”), do hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge: (i) the Company’s quarterly report on Form 10-Q for the period ended January 2, 2015, to which this Certification is attached (the “Form 10-Q”), fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended, and (ii) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: February 9, 2015

/s/ MICHAEL A. BROWN

Michael A. Brown

President and Chief Executive Officer, and Director

(principal executive officer)

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

EX-32.02

Exhibit 32.02

CERTIFICATION PURSUANTTO

18 U.S.C. SECTION 1350, ASADOPTEDPURSUANTTO

SECTION 906 OFTHE SARBANES-OXLEY ACTOF 2002

I, Thomas J. Seifert, Executive Vice President and Chief Financial Officer of Symantec Corporation (the “Company”), do hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge: (i) the Company’s quarterly report on Form 10-Q for the period ended January 2, 2015, to which this Certification is attached (the “Form 10-Q”), fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended, and (ii) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: February 9, 2015

/s/ THOMAS J. SEIFERT

Thomas J. Seifert

Executive Vice President and Chief Financial Officer  

(principal financial officer)

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

XML

Restructuring, Separation, And Transition (Schedule of Restructuring Expense) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 102
Transition and other related costs	12		29
Restructuring, separation, and transition	81	29	131	232
Fiscal 2014 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0		16
Fiscal 2015 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	69		86
Severance costs | Fiscal 2015 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	39		47
Separation costs | Fiscal 2015 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	29		38
Other exit and disposal costs | Fiscal 2015 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1		$ 1

XML

Stock-Based Compensation (Schedule Of Stock-Based Compensation Expense Recognized In Our Condensed Consolidated Statements Of Income) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 51	$ 34	$ 140	$ 111
Tax benefit associated with stock-based compensation expense	(14)	(7)	(40)	(28)
Net stock-based compensation expense	37	27	100	83
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	6	5	18	13
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	20	15	55	44
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	17	9	45	34
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 8	$ 5	$ 22	$ 20

XML

Segment Information (Schedule Of Reportable Segment Data) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013
Segment Reporting Information [Line Items]
Net revenue	$ 1,638	$ 1,705	$ 4,990	$ 5,051
Operating income	327	405	997	877
Operating Segments
Segment Reporting Information [Line Items]
Net revenue	1,638	1,705	4,990	5,051
Operating income	498	509	1,389	1,389
Consumer Security | Operating Segments
Segment Reporting Information [Line Items]
Net revenue	461	517	1,479	1,559
Operating income	245	224	770	673
Enterprise Security | Operating Segments
Segment Reporting Information [Line Items]
Net revenue	509	528	1,572	1,589
Operating income	85	107	240	245
Information Management | Operating Segments
Segment Reporting Information [Line Items]
Net revenue	668	660	1,939	1,903
Operating income	$ 168	$ 178	$ 379	$ 471

XML

Goodwill And Intangible Assets (Narrative) (Details) (Developed technology, USD $) In Millions, unless otherwise specified	3 Months Ended
	Jan. 02, 2015
Developed technology
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 20
Useful life	3 years

XML

Segment Information (Tables)

9 Months Ended

Jan. 02, 2015

Segment Reporting [Abstract]

Schedule Of Reportable Segment Data

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

	Consumer Security		Enterprise   Security		Information     Management		Total Segments
	(Dollars in millions)
Three Months Ended January 2, 2015
Net revenue	$	461	$	509	$	668	$	1,638
Operating income	245		85		168		498
Three Months Ended December 27, 2013
Net revenue	517		528		660		1,705
Operating income	224		107		178		509
Nine Months Ended January 2, 2015
Net revenue	1,479		1,572		1,939		4,990
Operating income	770		240		379		1,389
Nine Months Ended December 27, 2013
Net revenue	1,559		1,589		1,903		5,051
Operating income	673		245		471		1,389

Reconciliation Of Total Segment Operating Income To Total Consolidated Operating Income

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

	Three Months Ended				Nine Months Ended
	January 2, 2015		December 27, 2013		January 2, 2015		December 27, 2013
	(Dollars in millions)
Total segment operating income	$	498	$	509	$	1,389	$	1,389
Reconciling items:
Stock-based compensation	51		34		140		111
Amortization of intangibles	39		41		121		169
Restructuring, separation, and transition	81		29		131		232
Total consolidated operating income	$	327	$	405	$	997	$	877

XML

Stock-Based Compensation (Details) (USD $) In Millions, except Share data, unless otherwise specified	9 Months Ended		3 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Oct. 03, 2014
Performance Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards granted	$ 44	$ 33
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards granted	390	231
Chief Executive Officer | Performance Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted			344,717
Fair value of awards granted			$ 11
Performance measurement period ending 2016			2 years
Performance measurement period ending 2017			3 years
Chief Executive Officer | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted			147,736
Vesting, number of installments			3

XML

Commitments And Contingencies (Details) (USD $) In Millions, unless otherwise specified	69 Months Ended
	Sep. 30, 2012	Jan. 31, 2014	Jan. 02, 2015
GSA analysis of damage exposure		$ 145
GSA Schedule Contract
Total sales	222
Current estimate of the low end of the range of estimated loss			$ 25

XML

Supplemental Financial Information (Schedule Of Accumulated Other Comprehensive Income) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015		Dec. 27, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of March 28, 2014			$ 194	[1]
Other comprehensive income before reclassifications			(75)
Amounts reclassified from accumulated other comprehensive income			0
Balance as of January 2, 2015	119		119
Net income	222	283	702		681
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of March 28, 2014			191
Other comprehensive income before reclassifications			(75)
Amounts reclassified from accumulated other comprehensive income			0
Balance as of January 2, 2015	116		116
Unrealized Gain On Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of March 28, 2014			3
Other comprehensive income before reclassifications			0
Amounts reclassified from accumulated other comprehensive income			0
Balance as of January 2, 2015	3		3
Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Net income	$ 0		$ 0

[1] Derived from audited financial statements.

XML

Earnings Per Share (Schedule Of Components Of Earnings Per Share) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013
Earnings Per Share [Abstract]
Net income	$ 222	$ 283	$ 702	$ 681
Net income per share — basic (in dollars per share)	$ 0.32	$ 0.41	$ 1.02	$ 0.98
Net income per share — diluted (in dollars per share)	$ 0.32	$ 0.40	$ 1.01	$ 0.96
Weighted-average outstanding common shares — basic (in shares)	689	696	690	697
Dilutive potential shares from stock-based compensation (in shares)	8	6	7	9
Weighted-average shares outstanding — diluted (in shares)	697	702	697	706
Anti-dilutive weighted-average shares (in shares)	0	4	1	5

XML

Segment Information (Reconciliation Of Total Segment Operating Income To Total Consolidated Operating Income) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	$ 327	$ 405	$ 997	$ 877
Stock-based compensation	51	34	140	111
Amortization of intangibles			121	170
Restructuring, separation, and transition	81	29	131	232
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Stock-based compensation	51	34	140	111
Amortization of intangibles	39	41	121	169
Restructuring, separation, and transition	81	29	131	232
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income	$ 498	$ 509	$ 1,389	$ 1,389

XML

Goodwill And Intangible Assets

9 Months Ended

Jan. 02, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets

Goodwill and Intangible Assets

Goodwill

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

	Consumer Security			Enterprise Security			Information Management			Total
	(Dollars in millions)
Net balance as of March 28, 2014	$	1,233		$	1,918		$	2,707		$	5,858
Additions (1)	—			11			—			11
Adjustments (2)	(3		)	(8		)	(4		)	(15		)
Net balance as of January 2, 2015	$	1,230		$	1,921		$	2,703		$	5,854

(1)  Additions due to an acquired business.

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

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

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

Intangible assets, net

	January 2, 2015							March 28, 2014
	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount
	(Dollars in millions)
Customer relationships	$	734	$	(516	)	$	218	$	766	$	(469	)	$	297
Developed technology	296		(159		)	137		287		(142		)	145
Finite-lived tradenames	125		(113		)	12		125		(103		)	22
Patents	21		(16		)	5		21		(14		)	7
Total finite-lived intangible assets	1,176		(804		)	372		1,199		(728		)	471
Indefinite-lived tradenames	297		—			297		297		—			297
Total	$	1,473	$	(804	)	$	669	$	1,496	$	(728	)	$	768

During the third quarter of fiscal 2015, we acquired rights to certain technology for $20 million. This cost was assigned to developed technology and will be amortized to cost of goods sold on a straight-line basis over the estimated useful life of three years. 

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

	January 2, 2015
	(Dollars in millions)
Remainder of fiscal 2015	$	40
2016	112
2017	93
2018	71
2019	37
Thereafter	19
Total	$	372

XML

Stock Repurchases (Schedule Of Stock Repurchases) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended	9 Months Ended
	Jan. 02, 2015	Jan. 02, 2015
Stock Repurchases [Abstract]
Total number of shares repurchased	5	16
Dollar amount of shares repurchased	$ 125	$ 375
Average price paid per share (in dollars per share)	$ 25.63	$ 23.18

XML

Fair Value Measurements (Details) (USD $)	9 Months Ended
	Jan. 02, 2015	Mar. 28, 2014
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Transfers between fair value measurement levels	$ 0
Level 2
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value of debt	$ 2,200,000,000	$ 2,200,000,000

XML

Basis Of Presentation (Details) (Information Management, Tax-free Distribution)	0 Months Ended
	Oct. 09, 2014 company
Information Management | Tax-free Distribution
Restructuring Cost and Reserve [Line Items]
Planned number of independent companies	2

XML

Stock Repurchases (Narrative) (Details) (USD $)	Jan. 02, 2015	Mar. 29, 2013
Stock Repurchases [Abstract]
Authorization to repurchase common stock		$ 1,000,000,000
Stock repurchase program, remaining authorized repurchase amount	$ 283,000,000

XML

Fair Value Measurements (Schedule Of The Carrying Value Of Assets Measured At Fair Value On A Recurring Basis) (Details) (USD $) In Millions, unless otherwise specified	Jan. 02, 2015	Mar. 28, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 1,570	$ 2,420
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,503	2,380
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	67	40
Corporate bonds | Recurring
Short-term investments:
Short-term investments	270	120
Corporate bonds | Recurring | Level 1
Short-term investments:
Short-term investments	0	0
Corporate bonds | Recurring | Level 2
Short-term investments:
Short-term investments	270	120
U.S. government securities | Recurring
Short-term investments:
Short-term investments	299	95
U.S. government securities | Recurring | Level 1
Short-term investments:
Short-term investments	299	95
U.S. government securities | Recurring | Level 2
Short-term investments:
Short-term investments	0	0
U.S. agency securities | Recurring
Short-term investments:
Short-term investments	82	45
U.S. agency securities | Recurring | Level 1
Short-term investments:
Short-term investments	0	0
U.S. agency securities | Recurring | Level 2
Short-term investments:
Short-term investments	82	45
Commercial paper | Recurring
Short-term investments:
Short-term investments	221	24
Commercial paper | Recurring | Level 1
Short-term investments:
Short-term investments	0	0
Commercial paper | Recurring | Level 2
Short-term investments:
Short-term investments	221	24
Other investments | Recurring
Short-term investments:
Short-term investments	99	47
Other investments | Recurring | Level 1
Short-term investments:
Short-term investments	0	0
Other investments | Recurring | Level 2
Short-term investments:
Short-term investments	99	47
Marketable equity securities | Recurring
Short-term investments:
Short-term investments	5	6
Marketable equity securities | Recurring | Level 1
Short-term investments:
Short-term investments	5	6
Marketable equity securities | Recurring | Level 2
Short-term investments:
Short-term investments	$ 0	$ 0

XML

Goodwill And Intangible Assets (Schedule Of Changes In The Carrying Amount Of Goodwill) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Jan. 02, 2015
Goodwill [Roll Forward]
Net balance as of March 28, 2014	$ 5,858	[1]
Additions	11	[2]
Adjustments	(15)	[3]
Net balance as of January 2, 2015	5,854
Consumer Security
Goodwill [Roll Forward]
Net balance as of March 28, 2014	1,233
Additions	0	[2]
Adjustments	(3)	[3]
Net balance as of January 2, 2015	1,230
Enterprise Security
Goodwill [Roll Forward]
Net balance as of March 28, 2014	1,918
Additions	11	[2]
Adjustments	(8)	[3]
Net balance as of January 2, 2015	1,921
Information Management
Goodwill [Roll Forward]
Net balance as of March 28, 2014	2,707
Additions	0	[2]
Adjustments	(4)	[3]
Net balance as of January 2, 2015	$ 2,703

[1] Derived from audited financial statements.

[2] Additions due to an acquired business.

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

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Fair Value Measurements

9 Months Ended

Jan. 02, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

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

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

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

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

Assets measured and recorded at fair value on a recurring basis

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

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

There have been no transfers between fair value measurement levels during the nine months ended January 2, 2015. The following table summarizes our assets measured at fair value on a recurring basis, by level, within the fair value hierarchy:

	January 2, 2015						March 28, 2014
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(Dollars in millions)
Cash equivalents	$	1,503	$	67	$	1,570	$	2,380	$	40	$	2,420
Short-term investments:
Corporate bonds	—		270		270		—		120		120
U.S. government securities	299		—		299		95		—		95
U.S. agency securities	—		82		82		—		45		45
Commercial paper	—		221		221		—		24		24
Other investments	—		99		99		—		47		47
Marketable equity securities	5		—		5		6		—		6

Fair value of debt

As of January 2, 2015 and March 28, 2014, the fair value of the Company’s current and long-term debt was $2.2 billion based on Level 2 inputs.

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Goodwill And Intangible Assets (Schedule Of Intangible Assets, Net) (Details) (USD $) In Millions, unless otherwise specified	Jan. 02, 2015	Mar. 28, 2014
Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,176	$ 1,199
Accumulated Amortization	(804)	(728)
Net Carrying Amount	372	471
Gross Carrying Amount	1,473	1,496
Net Carrying Amount	669	768	[1]
Indefinite-lived tradenames
Intangible Assets [Line Items]
Gross Carrying Amount	297	297
Net Carrying Amount	297	297
Customer relationships
Intangible Assets [Line Items]
Gross Carrying Amount	734	766
Accumulated Amortization	(516)	(469)
Net Carrying Amount	218	297
Developed technology
Intangible Assets [Line Items]
Gross Carrying Amount	296	287
Accumulated Amortization	(159)	(142)
Net Carrying Amount	137	145
Finite-lived tradenames
Intangible Assets [Line Items]
Gross Carrying Amount	125	125
Accumulated Amortization	(113)	(103)
Net Carrying Amount	12	22
Patents
Intangible Assets [Line Items]
Gross Carrying Amount	21	21
Accumulated Amortization	(16)	(14)
Net Carrying Amount	$ 5	$ 7

[1] Derived from audited financial statements.

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Restructuring, Separation, And Transition (Schedule Of Restructuring Liabilities) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013
Restructuring Reserve [Roll Forward]
Balance, beginning			$ 38
Costs, net of adjustments			102
Cash payments			(93)
Balance, ending	47		47
Transition and other related costs	12		29
Restructuring, separation, and transition	81	29	131	232
Fiscal 2014 Plan
Restructuring Reserve [Roll Forward]
Balance, beginning			38
Costs, net of adjustments	0		16
Cash payments			(47)
Balance, ending	7		7
Cumulative incurred to date	238		238
Fiscal 2015 Plan
Restructuring Reserve [Roll Forward]
Balance, beginning			0
Costs, net of adjustments	69		86
Cash payments			(46)
Balance, ending	40		40
Cumulative incurred to date	86		86
Fiscal 2015 Plan | Severance costs
Restructuring Reserve [Roll Forward]
Balance, beginning			0
Costs, net of adjustments	39		47
Cash payments			(15)
Balance, ending	32		32
Cumulative incurred to date	47		47
Fiscal 2015 Plan | Separation costs
Restructuring Reserve [Roll Forward]
Balance, beginning			0
Costs, net of adjustments	29		38
Cash payments			(31)
Balance, ending	7		7
Cumulative incurred to date	38		38
Fiscal 2015 Plan | Other exit and disposal costs
Restructuring Reserve [Roll Forward]
Balance, beginning			0
Costs, net of adjustments	1		1
Cash payments			0
Balance, ending	1		1
Cumulative incurred to date	$ 1		$ 1

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Subsequent Event (Details) (USD $)	0 Months Ended		1 Months Ended	0 Months Ended
	Dec. 08, 2010 patent	Jan. 26, 2015 patent	Jan. 31, 2014 patent	Feb. 06, 2015 patent	Jan. 02, 2015	Mar. 29, 2013	Feb. 03, 2015
Subsequent Event [Line Items]
Stock repurchase program, authorized amount						$ 1,000,000,000
Stock repurchase program, remaining authorized repurchase amount					283,000,000
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program, authorized amount							1,000,000,000
Pending Litigation | Intellectual Ventures (IV) vs. Symantec
Subsequent Event [Line Items]
Number of patents allegedly infringed	4
Pending Litigation | Intellectual Ventures (IV) vs. Symantec | Subsequent Event
Subsequent Event [Line Items]
Number of patents allegedly infringed		3
Damages sought		299,000,000
Judicial Ruling | Intellectual Ventures (IV) vs. Symantec
Subsequent Event [Line Items]
Number of patents dismissed from case			1
Judicial Ruling | Intellectual Ventures (IV) vs. Symantec | Subsequent Event
Subsequent Event [Line Items]
Number of patents found infringed				2
Damages awarded				$ 17,000,000

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Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Jan. 02, 2015	Mar. 28, 2014
Current assets:
Cash and cash equivalents	$ 2,764	$ 3,707	[1]
Short-term investments	976	377	[1]
Trade accounts receivable, net	982	1,007	[1]
Inventories, net	12	14	[1]
Deferred income taxes	143	142	[1]
Deferred commissions	120	115	[1]
Other current assets	258	290	[1]
Total current assets	5,255	5,652	[1]
Property and equipment, net	1,186	1,116	[1]
Intangible assets, net	669	768	[1]
Goodwill	5,854	5,858	[1]
Long-term deferred commissions	25	21	[1]
Other long-term assets	113	124	[1]
Total assets	13,102	13,539	[1]
Current liabilities:
Accounts payable	212	282	[1]
Accrued compensation and benefits	382	365	[1]
Deferred revenue	2,961	3,322	[1]
Current portion of long-term debt	350	0	[1]
Other current liabilities	328	337	[1]
Total current liabilities	4,233	4,306	[1]
Long-term debt	1,745	2,095	[1]
Long-term deferred revenue	533	581	[1]
Long-term deferred tax liabilities	465	425	[1]
Long-term income taxes payable	133	252	[1]
Other long-term obligations	83	83	[1]
Total liabilities	7,192	7,742	[1]
Commitments and contingencies (Note 6)			[1]
Stockholders’ equity:
Common stock	7	7	[1]
Additional paid-in capital	6,230	6,744	[1]
Accumulated other comprehensive income	119	194	[1]
Accumulated deficit	(446)	(1,148)	[1]
Total stockholders’ equity	5,910	5,797	[1]
Total liabilities and stockholders’ equity	$ 13,102	$ 13,539	[1]

[1] Derived from audited financial statements.

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Segment Information (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015 segment	Dec. 27, 2013
Segment Reporting Information [Line Items]
Number of reportable segments			3
Net revenue	$ 1,638	$ 1,705	$ 4,990	$ 5,051
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net revenue	$ 0	$ 0	$ 0	$ 0

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Condensed Consolidated Statements Of Cash Flows (USD $) In Millions, unless otherwise specified	9 Months Ended
	Jan. 02, 2015		Dec. 27, 2013
OPERATING ACTIVITIES:
Net income	$ 702		$ 681
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	213		207
Amortization of intangible assets	121		170
Amortization of debt issuance costs and discounts	3		6
Stock-based compensation expense	140		111
Deferred income taxes	28		9
Excess income tax benefit from the exercise of stock options	(6)		(13)
Net gain from sale of short-term investments	0		(32)
Other	8		8
Net change in assets and liabilities, excluding effects of acquisitions:
Trade accounts receivable, net	(7)		145
Inventories, net	1		11
Deferred commissions	(16)		27
Accounts payable	(65)		(54)
Accrued compensation and benefits	28		(83)
Deferred revenue	(232)		(470)
Income taxes payable	(94)		30
Other assets	22		30
Other liabilities	(22)		49
Net cash provided by operating activities	824		832
INVESTING ACTIVITIES:
Purchases of property and equipment	(300)		(183)
Payments for acquisitions, net of cash acquired, and purchases of intangibles	(39)		(17)
Purchases of short-term investments	(1,429)		(174)
Proceeds from maturities of short-term investments	495		99
Proceeds from sales of short-term investments	270		67
Net cash used in investing activities	(1,003)		(208)
FINANCING ACTIVITIES:
Repayments of debt and other obligations	(19)		(1,189)
Proceeds from convertible note hedge	0		189
Net proceeds from sales of common stock under employee stock benefit plans	78		183
Excess income tax benefit from the exercise of stock options	6		13
Tax payments related to restricted stock units	(37)		(32)
Dividends paid, net	(311)		(314)
Repurchases of common stock	(375)		(375)
Proceeds from other financing, net	36		0
Net cash used in financing activities	(622)		(1,525)
Effect of exchange rate fluctuations on cash and cash equivalents	(142)		29
Change in cash and cash equivalents	(943)		(872)
Beginning cash and cash equivalents	3,707	[1]	4,685
Ending cash and cash equivalents	$ 2,764		$ 3,813

[1] Derived from audited financial statements.

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Supplemental Financial Information (Schedule Of Property And Equipment, Net) (Details) (USD $) In Millions, unless otherwise specified	Jan. 02, 2015	Mar. 28, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,933	$ 2,939
Accumulated depreciation	(1,747)	(1,823)
Total	1,186	1,116	[1]
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	79	79
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,719	1,797
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	126	140
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	544	539
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	372	356
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 93	$ 28

[1] Derived from audited financial statements.

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Supplemental Financial Information (Tables)

9 Months Ended

Jan. 02, 2015

Balance Sheet Related Disclosures [Abstract]

Schedule Of Property And Equipment, Net

	January 2, 2015			March 28, 2014
	(Dollars in millions)
Land	$	79		$	79
Computer hardware and software	1,719			1,797
Office furniture and equipment	126			140
Buildings	544			539
Leasehold improvements	372			356
Construction in progress	93			28
	2,933			2,939
Accumulated depreciation	(1,747		)	(1,823		)
Total	$	1,186		$	1,116

Schedule Of Accumulated Other Comprehensive Income

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

	Foreign Currency Translation Adjustments			Unrealized Gain On   Available-For-Sale Securities		Total
	(Dollars in millions)
Balance as of March 28, 2014	$	191		$	3	$	194
Other comprehensive income before reclassifications	(75		)	—		(75		)
Amounts reclassified from accumulated other comprehensive income	—			—		—
Balance as of January 2, 2015	$	116		$	3	$	119

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Supplemental Financial Information (Narrative) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended		0 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013	Feb. 05, 2015
Class of Stock [Line Items]
Cash dividends declared per common share	$ 0.15	$ 0.15	$ 0.45	$ 0.45
Dividends paid, net	$ 104		$ 311	$ 314
Subsequent Event | Common Stock
Class of Stock [Line Items]
Cash dividends declared per common share					$ 0.15
Dividends payable, date declared					Feb. 05, 2015
Dividends payable, date to be paid					Mar. 18, 2015
Dividends payable, date of record					Feb. 26, 2015

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Stock Repurchases (Tables)

9 Months Ended

Jan. 02, 2015

Stock Repurchases [Abstract]

Schedule Of Stock Repurchases

The following table summarizes our stock repurchase activity:

	Three Months Ended   January 2, 2015		Nine Months Ended   January 2, 2015
	(In millions, except per share data)
Total number of shares repurchased	5		16
Dollar amount of shares repurchased	$	125	$	375
Average price paid per share	$	25.63	$	23.18

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Basis Of Presentation

9 Months Ended

Jan. 02, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis Of Presentation

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Symantec Corporation (“Symantec,” “we,” “us,” “our,” and “the Company” refer to Symantec Corporation and all of its subsidiaries) as of January 2, 2015 and March 28, 2014, and for the three and nine months ended January 2, 2015 and December 27, 2013 have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S.”) for interim financial information and with the instructions on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In accordance with those rules and regulations, we have omitted certain information and notes normally provided in our annual Consolidated Financial Statements. In the opinion of management, the unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting only of normal recurring items, except as otherwise noted, necessary for the fair presentation of our financial position, results of operations, and cash flows for the interim periods. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. The results of operations for the three and nine months ended January 2, 2015 are not necessarily indicative of the results expected for the entire fiscal year.

We have a 52/53-week fiscal accounting year. Unless otherwise stated, references to three and nine month ended periods in this report relate to fiscal periods ended January 2, 2015 and December 27, 2013. The nine months ended January 2, 2015 consisted of 40 weeks, whereas the nine months ended December 27, 2013 consisted of 39 weeks. Our 2015 fiscal year consists of 53 weeks and ends on April 3, 2015.

There have been no material changes in our significant accounting policies for the three and nine months ended January 2, 2015, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. Certain immaterial amounts in our 2014 Condensed Consolidated Financial Statements within operating expenses have been reclassified to be comparable with classifications used in our 2015 Condensed Consolidated Financial Statements.

The planned separation of Information Management from the Security Business

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

Segment reporting change

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

Recently issued authoritative guidance

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

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

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

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Condensed Consolidated Statements Of Income (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013
Net revenue:
Content, subscription, and maintenance	$ 1,412	$ 1,508	$ 4,431	$ 4,527
License	226	197	559	524
Total net revenue	1,638	1,705	4,990	5,051
Cost of revenue:
Content, subscription, and maintenance	239	244	748	759
License	28	26	80	67
Amortization of intangible assets	12	13	38	41
Total cost of revenue	279	283	866	867
Gross profit	1,359	1,422	4,124	4,184
Operating expenses:
Sales and marketing	563	610	1,772	1,854
Research and development	267	252	851	762
General and administrative	94	98	290	331
Amortization of intangible assets	27	28	83	128
Restructuring, separation, and transition	81	29	131	232
Total operating expenses	1,032	1,017	3,127	3,307
Operating income	327	405	997	877
Interest income	3	3	9	9
Interest expense	(20)	(20)	(60)	(65)
Other income (loss), net	2	(1)	4	37
Income before income taxes	312	387	950	858
Provision for income taxes	90	104	248	177
Net income	$ 222	$ 283	$ 702	$ 681
Basic net income per share (in dollars per share)	$ 0.32	$ 0.41	$ 1.02	$ 0.98
Diluted net income per share (in dollars per share)	$ 0.32	$ 0.40	$ 1.01	$ 0.96
Weighted-average shares outstanding — basic (in shares)	689	696	690	697
Weighted-average shares outstanding — diluted (in shares)	697	702	697	706
Cash dividends declared per common share (in dollars per share)	$ 0.15	$ 0.15	$ 0.45	$ 0.45

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Earnings Per Share

9 Months Ended

Jan. 02, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The components of earnings per share are as follows:

	Three Months Ended				Nine Months Ended
	January 2, 2015		December 27, 2013		January 2, 2015		December 27, 2013
	(In millions, except per share data)
Net income	$	222	$	283	$	702	$	681
Net income per share — basic	$	0.32	$	0.41	$	1.02	$	0.98
Net income per share — diluted	$	0.32	$	0.40	$	1.01	$	0.96
Weighted-average outstanding common shares — basic	689		696		690		697
Dilutive potential shares from stock-based compensation	8		6		7		9
Weighted-average shares outstanding — diluted	697		702		697		706
Anti-dilutive weighted-average employee share based awards	—		4		1		5

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Document And Entity Information	9 Months Ended
	Jan. 02, 2015	Jan. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 02, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Entity Registrant Name	SYMANTEC CORP
Entity Central Index Key	0000849399
Current Fiscal Year End Date	--04-03
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		682,380,095

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Subsequent Event

9 Months Ended

Jan. 02, 2015

Subsequent Events [Abstract]

Subsequent Event

Subsequent Events

On February 3, 2015, our Board of Directors authorized a new $1.0 billion stock repurchase program which commenced immediately and does not have an expiration date. This is in addition to the previous program with $283 million remaining authorized for future repurchase.

On December 8, 2010, Intellectual Ventures ("IV") sued Symantec for patent infringement in the U.S. District Court in Delaware. The complaint alleged infringement of four patents by various Symantec internet security products, including Norton security products, Symantec Endpoint Protection, and other Symantec email and web security products. In January 2014, one patent was dismissed from the case. On January 26, 2015, a jury trial began on the remaining three patents. At trial, IV requested a damages award of up to $299 million. Symantec offered evidence that the three patents were invalid and not infringed. Symantec also offered evidence that, even if any of the patents are found to be valid and infringed, any damages would be significantly lower than the amount requested by IV.  After a nine-day trial, on February 6, 2015, the jury issued a verdict finding that:  two of the three patents are valid and infringed and awarded damages in the amount of $17 million.  Symantec is considering its options to overturn all or part of the verdict, including the filing of post-trial motions for judgment as a matter of law and/or a motion for a new trial and/or filing an appeal to the Federal Circuit. Symantec does not believe that it is probable that it has incurred a material loss and, as a result, has not made an accrual for this matter.

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Condensed Consolidated Statements Of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 222	$ 283	$ 702	$ 681
Other comprehensive loss, net of taxes:
Foreign currency translation adjustments	(35)	(1)	(75)	(5)
Available-for-sale securities:
Unrealized gain on available-for-sale securities, net of taxes of $0 million for the three months ended January 2, 2015 and December 27, 2013, and $0 million for the nine months ended January 2, 2015 and December 27, 2013	0	0	0	0
Reclassification adjustments for realized gain included in net income, net of taxes of $0 million for the three months ended January 2, 2015 and December 27, 2013, and $0 million and $10 million for the nine months ended January 2, 2015 and December 27, 2013, respectively	0	0	0	(14)
Net change in unrealized loss on available-for-sale securities	0	0	0	(14)
Other comprehensive loss, net of taxes	(35)	(1)	(75)	(19)
Comprehensive income	$ 187	$ 282	$ 627	$ 662

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Commitments And Contingencies

9 Months Ended

Jan. 02, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Commitments and Contingencies

Indemnification

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

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

Litigation contingencies

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

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

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

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

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

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Restructuring, Separation, And Transition

9 Months Ended

Jan. 02, 2015

Restructuring and Related Activities [Abstract]

Restructuring, Separation, And Transition

Restructuring, Separation, and Transition

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

Restructuring plans

Fiscal 2014 Plan

We initiated a restructuring plan in the fourth quarter of fiscal 2013 to reduce management and redundant personnel resulting in headcount reductions across the Company. As of January 2, 2015, the related costs for severance and benefits are substantially complete, however we expect to incur immaterial adjustments to existing reserves in subsequent periods.

Fiscal 2015 Plan

Our Board of Directors has approved the strategic decision to separate our business into two independent publicly-traded companies: one focused on security and one focused on information management. We expect to complete this transaction by the end of December 2015, subject to market, regulatory and certain other conditions. In order to separate the business, we initiated a restructuring plan to properly align personnel and expect to incur associated severance and facilities costs. We also expect to incur separation costs in the form of advisory, consulting and disentanglement expenses. These actions are expected to be completed in fiscal 2016. We expect to incur total severance and facilities costs between $100 million and $120 million, more than half of which is expected to be incurred in fiscal 2015. We expect to incur separation costs between $80 million and $100 million, excluding any potential tax implications outside the U.S and potential advisor fees payable upon separation. Total restructuring and separation costs are expected to be between $180 million and $220 million. As of January 2, 2015, liabilities for excess facility obligations at several locations around the world are expected to be paid throughout the respective lease terms as we continue to occupy these facilities, the longest of which extends through fiscal 2016.

Restructuring, separation, and transition expense summary

	Three Months Ended   January 2, 2015		Nine Months Ended   January 2, 2015
	(Dollars in millions)
Fiscal 2014 Plan Total	$	—	$	16
Fiscal 2015 Plan
Severance costs	39		47
Separation costs	29		38
Other exit and disposal costs	1		1
Fiscal 2015 Plan Total	69		86
Transition and other related costs	12		29
Total restructuring, separation, and transition costs	$	81	$	131

Restructuring, separation, and transition liabilities summary

	March 28, 2014		Costs, Net of Adjustments		Cash Payments			January 2, 2015		Cumulative Incurred to Date
	(Dollars in millions)
Fiscal 2014 Plan Total	$	38	$	16	$	(47	)	$	7	$	238
Fiscal 2015 Plan
Severance costs	—		47		(15		)	32		47
Separation costs	—		38		(31		)	7		38
Other exit and disposal costs	—		1		—			1		1
Fiscal 2015 Plan Total	—		86		(46		)	40		86
Total restructuring and separation liabilities	$	38	102		$	(93	)	$	47
Transition and other related costs			29
Total restructuring, separation, and transition costs			$	131

Balance Sheet:	January 2, 2015		March 28, 2014
	(Dollars in millions)
Other current liabilities	$	47	$	37
Other long-term obligations	—		1
Total restructuring liabilities	$	47	$	38

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Restructuring, Separation, And Transition (Tables)

9 Months Ended

Jan. 02, 2015

Restructuring and Related Activities [Abstract]

Schedule Of Restructuring Expense

	Three Months Ended   January 2, 2015		Nine Months Ended   January 2, 2015
	(Dollars in millions)
Fiscal 2014 Plan Total	$	—	$	16
Fiscal 2015 Plan
Severance costs	39		47
Separation costs	29		38
Other exit and disposal costs	1		1
Fiscal 2015 Plan Total	69		86
Transition and other related costs	12		29
Total restructuring, separation, and transition costs	$	81	$	131

Schedule Of Restructuring Liabilities

	March 28, 2014		Costs, Net of Adjustments		Cash Payments			January 2, 2015		Cumulative Incurred to Date
	(Dollars in millions)
Fiscal 2014 Plan Total	$	38	$	16	$	(47	)	$	7	$	238
Fiscal 2015 Plan
Severance costs	—		47		(15		)	32		47
Separation costs	—		38		(31		)	7		38
Other exit and disposal costs	—		1		—			1		1
Fiscal 2015 Plan Total	—		86		(46		)	40		86
Total restructuring and separation liabilities	$	38	102		$	(93	)	$	47
Transition and other related costs			29
Total restructuring, separation, and transition costs			$	131

Balance Sheet:	January 2, 2015		March 28, 2014
	(Dollars in millions)
Other current liabilities	$	47	$	37
Other long-term obligations	—		1
Total restructuring liabilities	$	47	$	38

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Basis Of Presentation (Policy)

9 Months Ended

Jan. 02, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Symantec Corporation (“Symantec,” “we,” “us,” “our,” and “the Company” refer to Symantec Corporation and all of its subsidiaries) as of January 2, 2015 and March 28, 2014, and for the three and nine months ended January 2, 2015 and December 27, 2013 have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S.”) for interim financial information and with the instructions on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In accordance with those rules and regulations, we have omitted certain information and notes normally provided in our annual Consolidated Financial Statements. In the opinion of management, the unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting only of normal recurring items, except as otherwise noted, necessary for the fair presentation of our financial position, results of operations, and cash flows for the interim periods. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. The results of operations for the three and nine months ended January 2, 2015 are not necessarily indicative of the results expected for the entire fiscal year.

We have a 52/53-week fiscal accounting year. Unless otherwise stated, references to three and nine month ended periods in this report relate to fiscal periods ended January 2, 2015 and December 27, 2013. The nine months ended January 2, 2015 consisted of 40 weeks, whereas the nine months ended December 27, 2013 consisted of 39 weeks. Our 2015 fiscal year consists of 53 weeks and ends on April 3, 2015.

There have been no material changes in our significant accounting policies for the three and nine months ended January 2, 2015, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended March 28, 2014. Certain immaterial amounts in our 2014 Condensed Consolidated Financial Statements within operating expenses have been reclassified to be comparable with classifications used in our 2015 Condensed Consolidated Financial Statements.

The planned separation of Information Management from the Security Business

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

Segment reporting change

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

Recently issued authoritative guidance

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

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

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

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Stock-Based Compensation

9 Months Ended

Jan. 02, 2015

Share-based Compensation [Abstract]

Stock-Based Compensation

Stock-Based Compensation

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

	Three Months Ended						Nine Months Ended
	January 2, 2015			December 27, 2013			January 2, 2015			December 27, 2013
	(Dollars in millions)
Cost of revenue	$	6		$	5		$	18		$	13
Sales and marketing	20			15			55			44
Research and development	17			9			45			34
General and administrative	8			5			22			20
Total stock-based compensation expense	51			34			140			111
Tax benefit associated with stock-based compensation expense	(14		)	(7		)	(40		)	(28		)
Net stock-based compensation expense	$	37		$	27		$	100		$	83

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

	Nine Months Ended
	January 2, 2015		December 27, 2013
	(Dollars in millions, except per grant data)
Restricted stock units
Weighted-average fair value per grant	$	22.55	$	24.46
Fair value of awards granted	$	390	$	231
Total fair value of awards vested	$	98	$	97
Total unrecognized compensation expense	$	406	$	273
Weighted-average remaining vesting period	3 years		3 years
Performance-based restricted stock units
Weighted-average fair value per grant	$	26.30	$	19.04
Fair value of awards granted	$	44	$	33
Total fair value of awards vested	$	22	$	12
Total unrecognized compensation expense	$	20	$	13
Weighted-average remaining vesting period	2 years		2 years
Stock options
Weighted-average fair value per grant	$	—	$	—
Total intrinsic value of stock options exercised	$	11	$	54
Total unrecognized compensation expense	$	1	$	6
Weighted-average remaining vesting period	1 year		1 year

Performance-based restricted stock units

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

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Stock Repurchases

9 Months Ended

Jan. 02, 2015

Stock Repurchases [Abstract]

Stock Repurchases

Stock Repurchases

The following table summarizes our stock repurchase activity:

	Three Months Ended   January 2, 2015		Nine Months Ended   January 2, 2015
	(In millions, except per share data)
Total number of shares repurchased	5		16
Dollar amount of shares repurchased	$	125	$	375
Average price paid per share	$	25.63	$	23.18

Through our stock repurchase programs we have repurchased shares on a quarterly basis since the fourth quarter of fiscal 2004. During the fourth quarter of fiscal 2013, our Board of Directors authorized a $1.0 billion stock repurchase program which commenced in fiscal 2014. Our active stock repurchase program has $283 million remaining authorized for future repurchase as of January 2, 2015, and does not have an expiration date.

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Segment Information

9 Months Ended

Jan. 02, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

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

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

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

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

There were no intersegment sales during the three and nine months ended January 2, 2015 or December 27, 2013. Reclassifications of prior period information have been made to conform to the current period presentation. The following table summarizes the operating results of our reporting segments:

	Consumer Security		Enterprise   Security		Information     Management		Total Segments
	(Dollars in millions)
Three Months Ended January 2, 2015
Net revenue	$	461	$	509	$	668	$	1,638
Operating income	245		85		168		498
Three Months Ended December 27, 2013
Net revenue	517		528		660		1,705
Operating income	224		107		178		509
Nine Months Ended January 2, 2015
Net revenue	1,479		1,572		1,939		4,990
Operating income	770		240		379		1,389
Nine Months Ended December 27, 2013
Net revenue	1,559		1,589		1,903		5,051
Operating income	673		245		471		1,389

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

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

	Three Months Ended				Nine Months Ended
	January 2, 2015		December 27, 2013		January 2, 2015		December 27, 2013
	(Dollars in millions)
Total segment operating income	$	498	$	509	$	1,389	$	1,389
Reconciling items:
Stock-based compensation	51		34		140		111
Amortization of intangibles	39		41		121		169
Restructuring, separation, and transition	81		29		131		232
Total consolidated operating income	$	327	$	405	$	997	$	877

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Income Taxes

9 Months Ended

Jan. 02, 2015

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective tax rate was approximately 29% and 26% for the three and nine months ended January 2, 2015, and 27% and 21% for the three and nine months ended December 27, 2013, respectively.

For the three and nine months ended January 2, 2015, the tax expense was reduced by $8 million and $28 million, respectively, in tax benefits primarily resulting from tax settlements, lapses of statutes of limitations, and prior year items. The tax provision was also reduced by $2 million in tax benefits for the three and nine months ended January 2, 2015 resulting from the extension of the U.S. federal research and development tax credit through 2014 ("R&D credit") as part of the Tax Increase Prevention Act of 2014. There was no benefit to the tax provision, in the three and nine months ended January 2, 2015, resulting from separation costs incurred in these periods.

For the three and nine months ended December 27, 2013, the tax provision was reduced by a net tax benefit of $7 million related to certain foreign operations. The tax provision for the three and nine months ended December 27, 2013 was also reduced by $2 million and $13 million in tax benefits, respectively, primarily resulting from individually insignificant tax settlements, lapses of statutes of limitations, and prior year items. For the nine months ended December 27, 2013, the tax provision was further reduced by $33 million for the resolution of a tax matter related to the sale of our 49% ownership interest in the joint venture with Huawei during the fourth quarter of fiscal 2012, as well as by $24 million for tax benefits related to the settlement of the Symantec 2005 through 2008 Internal Revenue Service (“IRS”) audit. These tax benefits were partially offset by $12 million in tax expense, in the nine months ended December 27, 2013, resulting from the sale of short-term investments.

The provision for the three and nine months ended January 2, 2015 and December 27, 2013 otherwise reflects a forecasted tax rate of 28% and 29%, for each period, respectively. The forecasted tax rates for all periods presented reflect the benefits of lower-taxed international earnings and domestic manufacturing incentives, and the R&D credit, partially offset by state income taxes. The forecasted tax rate for the period ended January 2, 2015 includes the partial benefit of the R&D credit which expired on December 31, 2014.

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

The timing of the resolution of income tax examinations is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Although potential resolution of uncertain tax positions involve multiple tax periods and jurisdictions, it is reasonably possible that the gross unrecognized tax benefits related to these audits could decrease, whether by payment, remeasurement, and/or release in the next 12 months, by between $30 million and $150 million. Depending on the nature and timing of such settlements and expiration of statutes of limitations during the next 12 months, we estimate between $15 million and $70 million could affect our income tax provision and therefore benefit the resulting effective tax rate. As of January 2, 2015, we have $127 million on deposit with the IRS pertaining to U.S. tax matters in the Symantec fiscal 2009 through 2013 audit cycle, and it is reasonably possible that additional cash payments between $15 million and $65 million will be made in the next 12 months.

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

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Goodwill And Intangible Assets (Schedule Of Future Intangible Asset Amortization Expense) (Details) (USD $) In Millions, unless otherwise specified	Jan. 02, 2015	Mar. 28, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of fiscal 2015	$ 40
2016	112
2017	93
2018	71
2019	37
Thereafter	19
Net Carrying Amount	$ 372	$ 471

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Income Taxes (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013	Mar. 30, 2012
Income Taxes [Line Items]
Effective tax rate	29.00%	27.00%	26.00%	21.00%
Ownership in the joint venture with Huawei					49.00%
Income tax expense (benefit)	$ 90	$ 104	$ 248	$ 177
Effective tax rate, forecasted	28.00%	29.00%	28.00%	29.00%
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change, lower bound	30		30
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change, upper bound	150		150
Amount on deposit with the IRS pertaining to US Tax matters in the Symantec 2009-2013 audit cycles	127		127
Tax Settlements And Lapse Of Statutes Of Limitations
Income Taxes [Line Items]
Decrease in tax expense	8	2	28	13
Extension of Research and Development Tax Credit
Income Taxes [Line Items]
Decrease in tax expense	2		2
Foreign Operations
Income Taxes [Line Items]
Decrease in tax expense		7		7
Sale Of Short Term Investments
Income Taxes [Line Items]
Income tax expense (benefit)				12
Minimum
Income Taxes [Line Items]
Unrecognized tax benefits that could affect effective tax rate	15		15
Reasonably possible additional cash payments	15		15
Maximum
Income Taxes [Line Items]
Unrecognized tax benefits that could affect effective tax rate	70		70
Reasonably possible additional cash payments	65		65
Joint Venture with Huawei | Tax Settlements And Lapse Of Statutes Of Limitations
Income Taxes [Line Items]
Decrease in tax expense				33
Tax Years 2005 through 2008
Income Taxes [Line Items]
Decrease in tax expense				$ 24

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Goodwill And Intangible Assets (Tables)

9 Months Ended

Jan. 02, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule Of Changes In The Carrying Amount Of Goodwill

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

	Consumer Security			Enterprise Security			Information Management			Total
	(Dollars in millions)
Net balance as of March 28, 2014	$	1,233		$	1,918		$	2,707		$	5,858
Additions (1)	—			11			—			11
Adjustments (2)	(3		)	(8		)	(4		)	(15		)
Net balance as of January 2, 2015	$	1,230		$	1,921		$	2,703		$	5,854

(1)  Additions due to an acquired business.

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

Schedule Of Intangible Assets, Net, Indefinite-Lived

	January 2, 2015							March 28, 2014
	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount
	(Dollars in millions)
Customer relationships	$	734	$	(516	)	$	218	$	766	$	(469	)	$	297
Developed technology	296		(159		)	137		287		(142		)	145
Finite-lived tradenames	125		(113		)	12		125		(103		)	22
Patents	21		(16		)	5		21		(14		)	7
Total finite-lived intangible assets	1,176		(804		)	372		1,199		(728		)	471
Indefinite-lived tradenames	297		—			297		297		—			297
Total	$	1,473	$	(804	)	$	669	$	1,496	$	(728	)	$	768

Schedule Of Intangible Assets, Net, Finite-Lived

	January 2, 2015							March 28, 2014
	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount
	(Dollars in millions)
Customer relationships	$	734	$	(516	)	$	218	$	766	$	(469	)	$	297
Developed technology	296		(159		)	137		287		(142		)	145
Finite-lived tradenames	125		(113		)	12		125		(103		)	22
Patents	21		(16		)	5		21		(14		)	7
Total finite-lived intangible assets	1,176		(804		)	372		1,199		(728		)	471
Indefinite-lived tradenames	297		—			297		297		—			297
Total	$	1,473	$	(804	)	$	669	$	1,496	$	(728	)	$	768

Schedule Of Future Intangible Asset Amortization Expense

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

	January 2, 2015
	(Dollars in millions)
Remainder of fiscal 2015	$	40
2016	112
2017	93
2018	71
2019	37
Thereafter	19
Total	$	372

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Stock-Based Compensation (Tables)

9 Months Ended

Jan. 02, 2015

Share-based Compensation [Abstract]

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

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

	Three Months Ended						Nine Months Ended
	January 2, 2015			December 27, 2013			January 2, 2015			December 27, 2013
	(Dollars in millions)
Cost of revenue	$	6		$	5		$	18		$	13
Sales and marketing	20			15			55			44
Research and development	17			9			45			34
General and administrative	8			5			22			20
Total stock-based compensation expense	51			34			140			111
Tax benefit associated with stock-based compensation expense	(14		)	(7		)	(40		)	(28		)
Net stock-based compensation expense	$	37		$	27		$	100		$	83

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

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

	Nine Months Ended
	January 2, 2015		December 27, 2013
	(Dollars in millions, except per grant data)
Restricted stock units
Weighted-average fair value per grant	$	22.55	$	24.46
Fair value of awards granted	$	390	$	231
Total fair value of awards vested	$	98	$	97
Total unrecognized compensation expense	$	406	$	273
Weighted-average remaining vesting period	3 years		3 years
Performance-based restricted stock units
Weighted-average fair value per grant	$	26.30	$	19.04
Fair value of awards granted	$	44	$	33
Total fair value of awards vested	$	22	$	12
Total unrecognized compensation expense	$	20	$	13
Weighted-average remaining vesting period	2 years		2 years
Stock options
Weighted-average fair value per grant	$	—	$	—
Total intrinsic value of stock options exercised	$	11	$	54
Total unrecognized compensation expense	$	1	$	6
Weighted-average remaining vesting period	1 year		1 year

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Stock-Based Compensation (Schedule Of Stock-Based Compensation Arrangements By Stock-Based Payment Award) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value per grant	$ 22.55	$ 24.46
Fair value of awards granted	$ 390	$ 231
Total fair value of awards vested	98	97
Total unrecognized compensation expense	406	273
Weighted-average remaining vesting period (in years)	3 years	3 years
Performance Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value per grant	$ 26.30	$ 19.04
Fair value of awards granted	44	33
Total fair value of awards vested	22	12
Total unrecognized compensation expense	20	13
Weighted-average remaining vesting period (in years)	2 years	2 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value per grant	$ 0.00	$ 0.00
Total intrinsic value of stock options exercised	11	54
Total unrecognized compensation expense	$ 1	$ 6
Weighted-average remaining vesting period (in years)	1 year	1 year

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Restructuring, Separation, And Transition (Total Restructuring Liabilities) (Details) (USD $) In Millions, unless otherwise specified	Jan. 02, 2015	Mar. 28, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities	$ 47	$ 38
Other current liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities	47	37
Other long-term obligations
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities	$ 0	$ 1

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Condensed Consolidated Statements Of Comprehensive Income (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Jan. 02, 2015	Dec. 27, 2013	Jan. 02, 2015	Dec. 27, 2013
Statement of Comprehensive Income [Abstract]
Unrealized gain on available-for-sale securities, tax	$ 0	$ 0	$ 0	$ 0
Reclassification adjustments for realized gain included in net income, tax	$ 0	$ 0	$ 0	$ 10

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Supplemental Financial Information

9 Months Ended

Jan. 02, 2015

Balance Sheet Related Disclosures [Abstract]

Supplemental Financial Information

Supplemental Financial Information

Property and equipment, net

	January 2, 2015			March 28, 2014
	(Dollars in millions)
Land	$	79		$	79
Computer hardware and software	1,719			1,797
Office furniture and equipment	126			140
Buildings	544			539
Leasehold improvements	372			356
Construction in progress	93			28
	2,933			2,939
Accumulated depreciation	(1,747		)	(1,823		)
Total	$	1,186		$	1,116

Dividends and dividend equivalents

During the quarter ended January 2, 2015, we declared and paid a cash dividend of $0.15 per common share for a total of $104 million. During the nine months ended January 2, 2015, we declared and paid cash dividends of $0.45 per common share for a total of $311 million. Each quarterly dividend was recorded as a reduction to additional paid-in capital. In addition, our Board of Directors approved dividend equivalent rights entitling holders of restricted stock and performance-based stock to dividend equivalents to be paid in the form of cash upon vesting, for each share of the underlying units.

On February 5, 2015, we declared a cash dividend of $0.15 per share of common stock to be paid on March 18, 2015 to stockholders of record as of the close of business on February 26, 2015. All shares of common stock issued and outstanding, and unvested restricted stock and performance-based stock, as of the record date will be entitled to the dividend and dividend equivalents, respectively. Any future dividends and dividend equivalents will be subject to the approval of our Board of Directors.

Changes in accumulated other comprehensive income by component

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

	Foreign Currency Translation Adjustments			Unrealized Gain On   Available-For-Sale Securities		Total
	(Dollars in millions)
Balance as of March 28, 2014	$	191		$	3	$	194
Other comprehensive income before reclassifications	(75		)	—		(75		)
Amounts reclassified from accumulated other comprehensive income	—			—		—
Balance as of January 2, 2015	$	116		$	3	$	119

There were no effects to net income of amounts reclassified from accumulated other comprehensive income for the three and nine months ended January 2, 2015.

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Earnings Per Share (Tables)

9 Months Ended

Jan. 02, 2015

Earnings Per Share [Abstract]

Schedule Of Components Of Earnings Per Share

The components of earnings per share are as follows:

	Three Months Ended				Nine Months Ended
	January 2, 2015		December 27, 2013		January 2, 2015		December 27, 2013
	(In millions, except per share data)
Net income	$	222	$	283	$	702	$	681
Net income per share — basic	$	0.32	$	0.41	$	1.02	$	0.98
Net income per share — diluted	$	0.32	$	0.40	$	1.01	$	0.96
Weighted-average outstanding common shares — basic	689		696		690		697
Dilutive potential shares from stock-based compensation	8		6		7		9
Weighted-average shares outstanding — diluted	697		702		697		706
Anti-dilutive weighted-average employee share based awards	—		4		1		5

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Restructuring, Separation, And Transition (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended
	Oct. 09, 2014 company	Jan. 02, 2015
Fiscal 2015 Plan | Minimum
Restructuring Cost and Reserve [Line Items]
Expected cost		$ 180
Fiscal 2015 Plan | Minimum | Severance costs
Restructuring Cost and Reserve [Line Items]
Expected cost		100
Fiscal 2015 Plan | Minimum | Separation costs
Restructuring Cost and Reserve [Line Items]
Expected cost		80
Fiscal 2015 Plan | Maximum
Restructuring Cost and Reserve [Line Items]
Expected cost		220
Fiscal 2015 Plan | Maximum | Severance costs
Restructuring Cost and Reserve [Line Items]
Expected cost		120
Fiscal 2015 Plan | Maximum | Separation costs
Restructuring Cost and Reserve [Line Items]
Expected cost		$ 100
Information Management | Tax-free Distribution
Restructuring Cost and Reserve [Line Items]
Planned number of independent companies	2

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Fair Value Measurements (Tables)

9 Months Ended

Jan. 02, 2015

Fair Value Disclosures [Abstract]

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

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

	January 2, 2015						March 28, 2014
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(Dollars in millions)
Cash equivalents	$	1,503	$	67	$	1,570	$	2,380	$	40	$	2,420
Short-term investments:
Corporate bonds	—		270		270		—		120		120
U.S. government securities	299		—		299		95		—		95
U.S. agency securities	—		82		82		—		45		45
Commercial paper	—		221		221		—		24		24
Other investments	—		99		99		—		47		47
Marketable equity securities	5		—		5		6		—		6