Computer Associates 2012 Annual Report Download - page 81

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(in millions)
ACCRUED
BALANCE AT
MARCH 31,
2009 EXPENSE
CHANGE
IN
ESTIMATE PAYMENTS
ACCRETION
AND OTHER
ACCRUED
BALANCE AT
MARCH 31,
2010
Severance:
Fiscal 2010 Plan $ — $ 48 $ — $ (2) $ — $ 46
Fiscal 2007 Plan 45 — (4) (33) — 8
Total Severance $ 45 $ 48 $ (4) $ (35) $ — $ 54
Facilities Abandonment:
Fiscal 2010 Plan $ — $ 2 $ — $ — $ — $ 2
Fiscal 2007 Plan 71 — — (19) 8 60
Total Facilities Abandonment $ 71 $ 2 $ — $ (19) $ 8 $ 62
Total Liabilities $ 116 $ 116
The severance liability is included in “Accrued salaries, wages and commissions” in the Consolidated Balance Sheets. The facilities
abandonment liability is included in “Accrued expenses and other current liabilities” and “Other noncurrent liabilities” in the
Consolidated Balance Sheets. Changes in estimates relating to the Fiscal 2010 Plan and Fiscal 2007 Plan are included in “Other
expenses, net” in the Consolidated Statements of Operations.
Accretion and other includes accretion of the Company’s lease obligations related to facilities abandonment as well as changes in the
assumptions related to future sublease income. These costs are included in “General and administrative” expense in the Consolidated
Statements of Operations.
Note 5 — Marketable Securities
In the fourth quarter of fiscal year 2012, the Company liquidated a majority of its marketable securities portfolio. At March 31, 2012,
the remaining marketable securities balances were less than $1 million.
For fiscal year 2012, proceeds from the sale of marketable securities and realized gains (losses), net were approximately $207 million
and less than $1 million, respectively.
At March 31, 2011, available-for-sale securities consisted of the following:
AT MARCH 31, 2011
(in millions)
AGGREGATE
COST BASIS
AGGREGATE
FAIR VALUE
U.S. Treasury and agency securities $60$60
Municipal securities 22
Corporate debt securities 117 117
$ 179 $ 179
At March 31, 2011, the Company did not have any debt securities that were in a continuous unrealized loss position for greater than
12 months. At March 31, 2011, $75 million of marketable securities had scheduled maturities of less than one year, and
approximately $104 million had maturities of greater than one year but did not exceed three years.
For fiscal year 2011, proceeds from the sale of marketable securities and realized gains (losses), net were approximately $9 million
and less than $1 million, respectively.
69