Symantec 2010 Annual Report Download - page 167

Note 10. Stock Repurchases
The following table presents a summary of our stock repurchases:
April 2,
2010
April 3,
2009
March 28,
2008
Year Ended
(In millions, except per share data)
Total number of shares repurchased .... 34 42 81
Dollar amount of shares repurchased . . . $ 553 $ 700 $ 1,499
Average price paid per share ......... $ 16.39 $ 16.53 $ 18.53
Range of price paid per share......... $14.14 to $18.29 $10.34 to $22.64 $16.67 to $20.16
We have had stock repurchase programs in the past and have repurchased shares on a quarterly basis since the
fourth quarter of fiscal 2004 under new and existing programs. Our most recent program was authorized by our
Board of Directors on October 27, 2009 to repurchase up to $1 billion of our common stock. This program does not
have an expiration date and as of April 2, 2010, $747 million remained authorized for future repurchases.
Note 11. Segment Information
During the first quarter of fiscal 2010, we modified our segment reporting structure to more readily match our
operating structure. The following modifications were made to our segment reporting structure: (i) Enterprise Vault
products moved to the Storage and Server Management segment from the Security and Compliance segment; and
(ii) Software-as-a-Service (“SaaS”) offerings moved to either the Security and Compliance segment or the Storage
and Server Management segment from the Services segment, based on the nature of the service delivered. There
were no changes to the Consumer or Other segments. The new reporting structure more directly aligns the operating
segments with our markets and customers, and we believe it will establish more direct lines of reporting
responsibilities, expedite decision making, and enhance the ability to pursue product integration and strategic
growth opportunities. Data shown from the prior periods has been reclassified to match the current reporting
structure. As of April 2, 2010, our five operating segments are:
•Consumer. Our Consumer segment focuses on delivering our Internet security, PC tune-up, and backup
products 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, messaging
management, and data loss prevention solutions. These products allow our customers to secure, provision,
and remotely access their laptops, PCs, mobile devices, and servers. We also provide our customers with
services delivered through our SaaS security offerings.
•Storage and Server Management. Our Storage and Server Management segment focuses on providing
large, medium and small-sized businesses with storage and server management, backup, archiving, and data
protection solutions across heterogeneous storage and server platforms, as well as services delivered through
our SaaS offerings.
•Services. Our Services segment provides customers with implementation services and solutions designed
to assist them in maximizing the value of their Symantec software. Our offerings include consulting,
business critical services, education, and managed security services.
•Other. Our Other segment is comprised of sunset products and products nearing the end of their life cycle.
It also includes general and administrative expenses; amortization of acquired product rights, intangible
assets, and other assets; goodwill impairment charges; charges such as stock-based compensation and
restructuring; and certain indirect costs that are not charged to the other operating segments. Our provision
for income taxes, loss from joint venture, and non-operating items, such as interest income and interest
expense, are also allocated to this segment.
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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)