Restructuring

Summary of Restructuring Plans

Restructuring charges of $177 million and $311 million have been recorded by the Company for the three months ended January 31, 2017 and 2016, respectively, based on restructuring activities impacting the Company's employees and infrastructure. Restructuring activities related to the Company's employees and infrastructure, summarized by plan, are presented in the table below:



	Fiscal 2015 Plan						Fiscal 2012 Plan						Other Plans
	Employee Severance			Infrastructure and other			Employee Severance and EER			Infrastructure and other			Employee Severance		Infrastructure and other			Total
	In millions
Liability as of October 31, 2016	$	629		$	35		$	139		$	23		$	1	$	10		$	837
Charges	123			58			—			—			—		(4		)	177
Cash payments	(260		)	(37		)	(26		)	(2		)	—		(1		)	(326		)
Non-cash items	(18		)	(22		)	(3		)	—			—		—			(43		)
Liability as of January 31, 2017	$	474		$	34		$	110		$	21		$	1	$	5		$	645
Total costs incurred to date, as of January 31, 2017	$	1,406		$	276		$	3,980		$	546		$	1,997	$	1,123		$	9,328
Total costs expected to be incurred, as of January 31, 2017	$	2,158		$	451		$	3,980		$	546		$	1,997	$	1,123		$	10,255

The current restructuring liability reported in Accrued restructuring in the Condensed Consolidated Balance Sheets at January 31, 2017 and October 31, 2016 was $510 million and $671 million, respectively. The non-current restructuring liability reported in Other liabilities in the Condensed Consolidated Balance Sheets at January 31, 2017 and October 31, 2016 was $135 million and $166 million, respectively.

Fiscal 2015 Restructuring Plan

On September 14, 2015, former Parent's Board of Directors approved a restructuring plan (the "2015 Plan") in connection with the Separation, which will be implemented through fiscal 2018. As of January 31, 2017, the Company expects up to approximately 30,000 employees to exit the Company by the end of 2018. The changes to the workforce will vary by country, based on local legal requirements and consultations with employee work councils and other employee representatives, as appropriate. As of January 31, 2017, the Company estimates that it will incur aggregate pre-tax charges of approximately $2.6 billion through fiscal 2018 in connection with the 2015 Plan, of which approximately $2.2 billion relates to workforce reductions and approximately $0.4 billion primarily relates to real estate consolidation and asset impairments.

In May 2016, the Company announced plans for the Everett Transaction. The completion of this transaction will result in lower costs being incurred by the Company in connection with the 2015 Plan, the extent of which will depend on a number of factors.

Fiscal 2012 Restructuring Plan

On May 23, 2012, former Parent adopted a multi-year restructuring plan (the "2012 Plan") designed to simplify business processes, accelerate innovation and deliver better results for customers, employees and stockholders. As of October 31, 2015, the Company had eliminated 42,100 positions in connection with the 2012 Plan, with a portion of those employees exiting the Company as part of voluntary enhanced early retirement ("EER") programs in the U.S. and in certain other countries. As of January 31, 2017, the plan is substantially complete, with no further positions being eliminated. The Company recognized $4.5 billion in total aggregate charges in connection with the 2012 Plan, with approximately $4.0 billion related to workforce reductions, including the EER programs, and approximately $0.5 billion related to infrastructure, including data center and real estate consolidation and other items. The severance- and infrastructure-related cash payments associated with the 2012 Plan are expected to be paid out through fiscal 2021.

Other Plans

As of January 31, 2017, restructuring plans initiated by former Parent in fiscal 2008 and 2010 are substantially complete. Severance- and infrastructure-related cash payments associated with these plans are expected to be paid out through fiscal 2019.