3. Restructuring and Other Charges, Net

Net restructuring and other charges consisted of the following:

	Fiscal
	2016			2015		2014
	(in millions)
Restructuring charges, net	$	125		$	93	$	23
Gain on divestiture		(144	)		—		—
Other charges (credits), net		21			59		(4	)

	$	2		$	152	$	19

Restructuring Charges, Net

Net restructuring charges by segment were as follows:

	Fiscal
	2016		2015		2014
	(in millions)
Transportation Solutions	$	39	$	6	$	7
Industrial Solutions		28		29		7
Communications Solutions		58		58		9

Restructuring charges, net	$	125	$	93	$	23

Activity in our restructuring reserves is summarized as follows:

	Balance at Beginning of Fiscal Year		Charges		Changes in Estimate			Cash Payments			Non-Cash Items			Currency Translation and Other(1)			Balance at End of Fiscal Year
	(in millions)
Fiscal 2016 Activity:
Fiscal 2016 Actions:
Employee severance	$	—	$	86	$	—		$	(32	)	$	—		$	—		$	54
Facility and other exit costs		—		3		—			(3	)		—			—			—
Property, plant, and equipment		—		41		—			—			(41	)		—			—

Total		—		130		—			(35	)		(41	)		—			54

Fiscal 2015 Actions:
Employee severance		45		3		(4	)		(31	)		—			—			13
Facility and other exit costs		1		—		—			(1	)		—			—			—

Total		46		3		(4	)		(32	)		—			—			13

Fiscal 2014 Actions:
Employee severance		4		—		—			(2	)		—			—			2

Pre-Fiscal Fiscal 2014 Actions:
Employee severance		20		—		(6	)		(6	)		—			2			10
Facility and other exit costs		14		2		—			(4	)		—			—			12

Total		34		2		(6	)		(10	)		—			2			22

Total fiscal 2016 activity	$	84	$	135	$	(10	)	$	(79	)	$	(41	)	$	2		$	91


Fiscal 2015 Activity:
Fiscal 2015 Actions:
Employee severance	$	—	$	68	$	—		$	(23	)	$	—		$	—		$	45
Facility and other exit costs		—		3		—			(2	)		—			—			1
Property, plant, and equipment		—		21		—			—			(21	)		—			—

Total		—		92		—			(25	)		(21	)		—			46

Fiscal 2014 Actions:
Employee severance		16		—		—			(7	)		—			(5	)		4
Facility and other exit costs		1		—		—			(1	)		—			—			—

Total		17		—		—			(8	)		—			(5	)		4

Pre-Fiscal 2014 Actions:
Employee severance		75		2		(4	)		(47	)		—			(6	)		20
Facility and other exit costs		22		3		—			(12	)		—			1			14

Total		97		5		(4	)		(59	)		—			(5	)		34

Total fiscal 2015 activity	$	114	$	97	$	(4	)	$	(92	)	$	(21	)	$	(10	)	$	84


Fiscal 2014 Activity:
Fiscal 2014 Actions:
Employee severance	$	—	$	10	$	—		$	(13	)	$	—		$	19		$	16
Facility and other exit costs		—		—		—			—			—			1			1
Property, plant, and equipment		—		9		—			—			(9	)		—			—

Total		—		19		—			(13	)		(9	)		20			17

Pre-Fiscal 2014 Actions:
Employee severance		210		10		(20	)		(134	)		—			9			75
Facility and other exit costs		27		6		1			(13	)		—			1			22
Property, plant, and equipment		—		7		—			—			(7	)		—			—

Total		237		23		(19	)		(147	)		(7	)		10			97

Total fiscal 2014 activity	$	237	$	42	$	(19	)	$	(160	)	$	(16	)	$	30		$	114


(1)	Includes net charges associated with discontinued operations of $36 million in fiscal 2014.

Fiscal 2016 Actions

During fiscal 2016, we initiated a restructuring program associated with headcount reductions impacting all segments and product line closures in the Communications Solutions segment. In connection with this program, during fiscal 2016, we recorded restructuring charges of $130 million. We expect to complete all restructuring actions commenced during fiscal 2016 by the end of fiscal 2019 and to incur total charges of approximately $171 million with remaining charges related primarily to employee severance.

The following table summarizes expected, incurred, and remaining charges for the fiscal 2016 program by segment:

	Total Expected Charges		Charges Incurred in Fiscal 2016		Remaining Expected Charges
	(in millions)
Transportation Solutions	$	45	$	38	$	7
Industrial Solutions		30		28		2
Communications Solutions		96		64		32

Total	$	171	$	130	$	41

Fiscal 2015 Actions

During fiscal 2015, we initiated a restructuring program associated with headcount reductions and product line closures, primarily impacting the Communications Solutions and Industrial Solutions segments. In connection with this program, during fiscal 2016 and 2015, we recorded net restructuring credits of $1 million and charges of $92 million, respectively. We do not expect to incur any additional charges related to restructuring programs commenced in fiscal 2015.

Fiscal 2014 Actions

During fiscal 2014, we initiated a restructuring program associated primarily with headcount reductions and manufacturing site and product line closures in the Communications Solutions segment. In connection with this program, we recorded net restructuring charges of $19 million in fiscal 2014. We do not expect to incur any additional charges related to restructuring programs commenced in fiscal 2014.

Pre-Fiscal 2014 Actions

During fiscal 2016, 2015, and 2014, we recorded net restructuring credits of $4 million, charges of $1 million, and charges of $4 million, respectively, related to pre-fiscal 2014 actions. We do not expect to incur any additional charges related to pre-fiscal 2014 actions.

Total Restructuring Reserves

Restructuring reserves included on the Consolidated Balance Sheets were as follows:

	Fiscal Year End
	2016		2015
	(in millions)
Accrued and other current liabilities	$	64	$	60
Other liabilities		27		24

Restructuring reserves	$	91	$	84

Gain on Divestiture

During fiscal 2016, we sold our Circuit Protection Devices ("CPD") business for net cash proceeds of $333 million. We recognized a pre-tax gain of $144 million on the transaction. The CPD business was reported in our Communications Solutions segment.

Other Charges (Credits), Net

During fiscal 2016, we incurred costs of $21 million, associated primarily with the divestiture of certain businesses.

During fiscal 2015, in connection with the sale our Broadband Network Solutions ("BNS") business, we incurred costs of $61 million, consisting primarily of $36 million of legal and professional fees and $18 million of charges associated with the exit of a facility. These amounts are not directly related to the business sold, and accordingly have been recorded in continuing operations. See Note 4 for additional information regarding the divestiture of BNS.