Computer Associates 2012 Annual Report Download - page 89

Including the initial ASR share delivery, the Company repurchased approximately 41 million shares of its common stock for
approximately $925 million during fiscal year 2012.
Accumulated Other Comprehensive Loss: The following table summarizes, at each of the balance sheet dates, the components of the
Company’s accumulated other comprehensive loss, net of income taxes:
MARCH 31,
(in millions) 2012 2011 2010
Foreign currency translation losses, net $ (108) $ (65) $ (123)
Unrealized losses on cash flow hedges, net of tax —— (3)
Total accumulated other comprehensive loss $ (108) $ (65) $ (126)
The amount of loss reclassified from “Accumulated other comprehensive loss” into “Interest expense, net” relating to the sale of
marketable securities was less than $1 million for fiscal years 2012, 2011 and 2010, respectively.
For the Company’s cash flow hedges, the amount of loss reclassified from “Accumulated other comprehensive loss” into “Interest
expense, net” in the Company’s Consolidated Statements of Operations was approximately $4 million and $6 million for fiscal years
2011 and 2010, respectively.
For additional information on the Company’s marketable securities and derivatives, refer to Note 5, “Marketable Securities” and Note
10, “Derivatives,” respectively.
Dividends: In January 2012, the Board of Directors approved a $2.5 billion capital allocation program through fiscal year 2014 that
includes an increase in the Company’s annual dividend from $0.20 to $1.00 per share of common stock as and when declared by the
Board of Directors.
The Company’s Board of Directors declared the following dividends during fiscal years 2012 and 2011:
Year Ended March 31, 2012:
(in millions, except per share amounts)
DECLARATION DATE
DIVIDEND
PER SHARE RECORD DATE
TOTAL
AMOUNT PAYMENT DATE
May 12, 2011 $ 0.05 May 23, 2011 $ 25 June 16, 2011
August 3, 2011 $ 0.05 August 16, 2011 $ 25 September 14, 2011
November 9, 2011 $ 0.05 November 22, 2011 $ 25 December 14, 2011
January 23, 2012 $ 0.25 February 14, 2012 $ 117 March 13, 2012
Year Ended March 31, 2011:
(in millions, except per share amounts)
DECLARATION DATE
DIVIDEND
PER SHARE RECORD DATE
TOTAL
AMOUNT PAYMENT DATE
May 12, 2010 $ 0.04 May 31, 2010 $ 21 June 16, 2010
July 28, 2010 $ 0.04 August 9, 2010 $ 20 August 19, 2010
December 2, 2010 $ 0.04 December 13, 2010 $ 20 December 22, 2010
February 2, 2011 $ 0.04 February 14, 2011 $ 21 March 14, 2011
Rights Plan: Each outstanding share of the Company’s common stock carries a right (Right) issued under the Company’s Stockholder
Protection Rights Agreement, dated November 5, 2009 (the Rights Agreement). The Rights will trade with the common stock until
the Separation Time, which would occur on the next business day after: (i) the Company’s announcement that a person or group (an
Acquiring Person) has become the beneficial owner of 20% or more of the Company’s outstanding common stock (other than Walter
Haefner and his affiliates and associates, who are “grandfathered” under this provision so long as their aggregate ownership of
common stock does not exceed the sum of 126,562,500 shares of common stock and that number of shares equal to 0.1% of the then
outstanding shares of common stock); (ii) the date on which any Acquiring Person becomes the beneficial owner of more than 50%
of the outstanding shares of common stock; or (iii) the tenth business day after the commencement of a tender offer or exchange offer
(or such later date as the Board may from time to time determine prior to the Separation Time) that would result in an Acquiring
Person owning 20% or more of the Company’s outstanding common stock. Following the Separation Time, each Right may be
exercised to purchase 0.001 shares of the Company’s preferred stock at a purchase price of $100 per share. If the Separation Time
occurs pursuant to an event described in (i) or (ii) above, however, each Right, other than rights held by an acquiring person, will
77