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Discontinued Operations
 6 Months Ended
Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
On January 29, 2016, we completed the sale of our former information management business ("Veritas"). The results of Veritas are presented as discontinued operations in our Condensed Consolidated Statements of Operations and thus have been excluded from continuing operations and segment results for all reported periods.
In connection with the divestiture, the Company and Veritas entered into Transition Service Agreements ("TSA") pursuant to which we provide Veritas certain limited services including financial support services, information technology services, and access to facilities, and Veritas provides us certain limited financial support services. The TSAs commenced with the close of the transaction and expire at various dates through fiscal 2019. During the three and six months ended September 30, 2016, we recorded income of $8 million and $17 million, respectively, for all services provided to Veritas, which is presented as part of other income (expense), net in the Condensed Consolidated Statements of Operations.
We also have retained various customer relationships and contracts that were reported historically as a part of the Veritas business. Approximately $157 million related to these relationships and contracts have been reported as part of our deferred revenue in the Condensed Consolidated Balance Sheet as of September 30, 2016, along with a $65 million asset representing the service and maintenance rights we have under an agreement with Veritas. These balances will be amortized to discontinued operations through the remaining term of the underlying contracts.
The following table presents information regarding certain components of income (loss) from discontinued operations, net of income taxes:
 
Three Months Ended
 
Six Months Ended
 
September 30,
2016
 
October 2, 2015
 
September 30,
2016
 
October 2, 2015
 
(In millions)
Net revenues
$
51

 
$
592

 
$
123

 
$
1,179

Cost of revenues
(6
)
 
(104
)
 
(9
)
 
(200
)
Operating expenses
—

 
(385
)
 
(24
)
 
(758
)
Gain on sale of Veritas
—

 
—

 
38

 
—

Other expense, net
(2
)
 
(1
)
 
—

 
(6
)
Income from discontinued operations before income taxes
43

 
102

 
128

 
215

Income taxes expense (benefit)
118

 
(1
)
 
134

 
20

Income (loss) from discontinued operations, net of income taxes
$
(75
)
 
$
103

 
$
(6
)
 
$
195


During the first quarter of fiscal 2017, the Company received an additional payment of $38 million, which represented a purchase price adjustment for the sale of Veritas.