Noncontrolling Interest

6 Months Ended

Sep. 28, 2012

Note 14. Noncontrolling interest

As of March 30, 2012, we owned approximately 54% of VeriSign Japan K.K. (“VeriSign Japan”), which was obtained through our acquisition of VeriSign, Inc.’s authentication and identity business during the second quarter of fiscal 2011. In July 2012, we completed a tender offer and paid approximately $92 million to acquire 166,821 VeriSign Japan common shares and stock rights, which increased our ownership percentage to approximately 92%. We expect to acquire the remaining 8% interest in the third quarter of fiscal 2013. The effect of the change in our ownership interest in VeriSign Japan in the second quarter of fiscal 2013 on our equity is as follows:


	Three Months Ended		Six Months Ended
	September 28, 2012	September 30, 2011	September 28, 2012	September 30, 2011
	(In millions)
Net income attributable to Symantec Corporation stockholders	$ 193	$ 182	$ 365	$ 373
Transfers to noncontrolling interest:
Decrease in Symantec Corporation stockholders’ paid-in capital for purchase of 166,821 VeriSign Japan common shares and stock rights	(30)	”-“	(30)	”-“
Net transfers to noncontrolling interest	(30)	”-“	(30)	”-“
Change from net income attributable to Symantec Corporation stockholders and transfers to noncontrolling interest	$ 163	$ 182	$ 335	$ 373

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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