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Performance Awards: The Company rewards certain senior executives with performance awards under its long-term incentive
plans. Performance Share Units (PSUs) are awards of the right to receive grants of unrestricted shares of Common Stock,
RSAs or RSUs if and when the performance conditions are met and after approval by the Compensation Committee. These
PSUs include 1-year and 3-year performance periods for senior executives and a 1-year performance period for members of
the sales team.
The table below summarizes the RSAs and RSUs granted under the 1-year PSUs for the fiscal year 2014, 2013 and 2012
incentive plan years. The RSAs and RSUs were granted in the first quarter of fiscal years 2015, 2014 and 2013, respectively.
The RSAs and RSUs vest 34% on the date of grant and 33% on the first and second anniversaries of the date of grant.
RSAs RSUs
WEIGHTED WEIGHTED
AVERAGE AVERAGE
PERFORMANCE SHARES GRANT DATE SHARES GRANT DATE
INCENTIVE PLANS FOR FISCAL YEARS PERIOD (in millions) FAIR VALUE (in millions) FAIR VALUE
2014 1 year 0.7 $ 29.91 0.1 $ 28.92
2013 1 year 0.4 $ 27.11 0.1 $ 26.12
2012 1 year 1.2 $ 26.39 0.2 $ 25.40
The unrestricted shares were granted under the 3-year PSUs for the fiscal year 2010 incentive plan year in the first quarter
of fiscal year 2013.
WEIGHTED
UNRESTRICTED AVERAGE
PERFORMANCE SHARES GRANT DATE
INCENTIVE PLANS FOR FISCAL YEARS PERIOD (in millions) FAIR VALUE
2010 3 years 0.2 $ 26.39
The table below summarizes the RSAs and RSUs granted under the 1-year PSUs for the fiscal year 2014, 2013 and 2012
sales retention equity programs. The RSAs and RSUs were granted in the first quarter of fiscal years 2015, 2014 and 2013,
respectively. The RSAs and RSUs vest on the third anniversary of the grant date.
RSAs RSUs
WEIGHTED WEIGHTED
AVERAGE AVERAGE
PERFORMANCE SHARES GRANT DATE SHARES GRANT DATE
INCENTIVE PLANS FOR FISCAL YEARS PERIOD (in millions) FAIR VALUE (in millions) FAIR VALUE
2014 1 year 0.2 $ 28.69 0.1 $ 25.73
2013 1 year 0.2 $ 27.11 0.1 $ 24.13
2012 1 year 0.2 $ 26.39 0.1 $ 23.41
Employee Stock Purchase Plan: The Company maintains the 2012 Employee Stock Purchase Plan (ESPP) for all eligible
employees. The ESPP offer period is semi-annual and allows participants to purchase the Company’s common stock at 95%
of the closing price of the stock on the last day of each offer period, on June 30 and December 31, respectively. The ESPP
is non-compensatory. During each of the fiscal years ended March 31, 2015, 2014 and 2013, the Company issued
approximately 0.2 million shares under the ESPP at an average price of $28.06, $29.62 and $22.65 per share, respectively. As
of March 31, 2015, approximately 29.4 million shares were available for future issuances under the ESPP.
Note 15 — Income Taxes
The amounts of income from continuing operations before income taxes attributable to domestic and foreign operations
were as follows:
YEAR ENDED MARCH 31,
(in millions) 2015 2014 2013
Domestic $ 737 $ 683 $ 877
Foreign 378 333 383
Income from continuing operations before income taxes $ 1,115 $ 1,016 $ 1,260
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