Symantec 2013 Annual Report Download - page 187

SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
our software infringes 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. We are cooperating with the investigation and we are unable, at this time, to predict the likely
outcome. It is possible that the investigation could lead to claims or findings of violations of the False Claims Act
in connection with our GSA contracting activity. Violations of the False Claims Act could result in the
imposition of damages, including up to treble damages, plus civil penalties in some cases.
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 9. Stock Repurchases
The following table summarizes our stock repurchases:
Year Ended
March 29, 2013 March 30, 2012 April 1, 2011
(In millions, except per share data)
Total number of shares repurchased .......... 49 51 57
Dollar amount of shares repurchased ......... $ 826 $ 893 $ 870
Average price paid per share ................ $ 16.98 $ 17.62 $ 15.39
Range of price paid per share ............... $13.09 - 22.27 $15.38 - 20.51 $12.07 - 18.46
We have had stock repurchase programs in the past and have repurchased shares on a quarterly basis since
the fourth quarter of fiscal 2004. In the fourth quarter of fiscal 2013, our board of directors authorized a new $1.0
billion stock repurchase program commencing in fiscal 2014. Including our previously approved stock
repurchase program, $1.2 billion remains authorized for future repurchases as of March 29, 2013. Both programs
do not have an expiration date.
Note 10. Segment Information
As of March 29, 2013, our reportable segments were as follows:
•Consumer: Our Consumer segment focuses on delivering Internet security for PCs, tablets and mobile
devices along with services such as online backup, online family protection and remote help to individual
users and home offices.
•Security and Compliance: Our Security and Compliance segment focuses on providing large, medium,
and small-sized businesses with solutions for endpoint security and management, compliance, mail
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