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Supplemental Financial Information
3 Months Ended
Jun. 28, 2013
Supplemental Financial Information [Abstract]  
Supplemental Financial Information

Note 4. Supplemental Financial Information   

 

Property and equipment, net

 

 

 

 

 

 

 

As of

 

 

June 28,

 

March 29,

 

 

2013

 

2013

 

 

(In millions)

Computer hardware and software

 

$                               1,786

 

$                               1,820

Office furniture and equipment

 

141 

 

172 

Buildings

 

532 

 

530 

Leasehold improvements

 

323 

 

310 

 

 

2,782 

 

2,832 

Less: Accumulated depreciation

 

(1,820)

 

(1,853)

 

 

962 

 

979 

Construction in progress

 

61 

 

64 

Land

 

79 

 

79 

Total

 

$                               1,102

 

$                               1,122

 

 

Dividends and dividend equivalents

 

During the three months ended June 28, 2013, we paid a cash dividend of $0.15 per share of common stock for a total of $105 million, which was recorded as a reduction to Additional paid-in capital. In addition, our board of directors approved dividend equivalent rights entitling holders of restricted stock and performance-based stock to dividend equivalents to be paid in the form of cash upon vesting, for each share of the underlying units. No dividends and dividend equivalents were paid in any periods prior to fiscal 2014. 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

 

 

 

 

 

 

 

 

 

 

 

Foreign Currency Translation Adjustments

 

Unrealized Gain On Available-For-Sale Securities

 

Total

 

 

(In millions)

Balance as of March 29, 2013, net of taxes

 

$                                 183

 

$                                   16

 

$           199

Other comprehensive income before reclassifications

 

(27)

 

 

(21)

Amounts reclassified from accumulated other comprehensive income

 

 -

 

(13)

 

(13)

Tax effects

 

 

 

12 

Net changes

 

(18)

 

(4)

 

(22)

Balance as of June 28, 2013, net of taxes

 

$                                 165

 

$                                   12

 

$           177

 

The effects on net income of amounts reclassified from Accumulated other comprehensive income for the three months ended June 28, 2013 were as follows (in millions):

 

 

 

 

 

 

Details about Accumulated Other Comprehensive Income Components

 

Amount Reclassified from Accumulated Other Comprehensive Income

 

Affected Line Item in the Condensed Consolidated Statement of Income

Unrealized gain on available-for-sale securities

 

$                                   13

 

Other income (expense), net

Tax effects

 

(5)

 

Provision for income taxes

Total amount reclassified, net of taxes

 

$                                     8