Note 3 — Divestitures
In the first quarter of fiscal year 2012, the Company sold its Internet Security business for approximately $14 million and recognized a gain on disposal of approximately $23 million, including tax expense of approximately $18 million. In the first quarter of fiscal year 2011, the Company sold its Information Governance business, consisting primarily of the CA Records Manager and CA Message Manager software offerings and related professional services for approximately $19 million and recognized a loss on disposal of approximately $5 million, including tax expense of approximately $4 million.
The income (loss) from the discontinued components for fiscal years 2012 and 2011 consisted of the following:
|
| | | | | | | |
(in millions) | Fiscal Year 2012 |
| | Fiscal Year 2011 |
|
Subscription and maintenance revenue | $ | 15 |
| | $ | 83 |
|
Total revenue | $ | 15 |
| | $ | 83 |
|
(Loss) income from operations of discontinued components, net of tax benefit (expense) of $6 million and $(4) million, respectively | $ | (10 | ) | | $ | 9 |
|
Gain (loss) on disposal of discontinued components, net of taxes | 23 |
| | (5 | ) |
Income from discontinued operations, net of taxes | $ | 13 |
| | $ | 4 |
|
