Pros
Pays more than market value, decent/okay benefits, unlimited time off, lax environments, 2.5% 401k matching. Work/life balance is good depending on how far up the totem pole you are.
Cons
As the title says, CA is a place where products go to die. I was part of their corporate ASE program for recent grad hires. They flew us out twice, provided lodging/transportation, and food for a fun training program. My first week on the job there was a layoff of QA. 9 months later, it was a sub-40 person layoff. Now, it looks like the site will be shut down. Our jobs are being outsourced because they think some idiot overseas is even worth 1/3 of an engineer here. Managers and directors were overworked and overstressed. Many good products bought by CA are run into the ground. Attrition is high, and an uneasy feeling of job security looms everyday. They couldn't even commit to more than a year and a half for a new hire they put through their corporate program.