Restructuring (Tables)

6 Months Ended

Jun. 28, 2020

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve

The following table summarizes the severance related reserves and the associated restructuring expenses through the first fiscal six months of 2020:

(Dollars in Millions)	Severance		Asset Write-offs	Other(2)		Total
Reserve balance, December 29, 2019	$	164	—	16		180
Current year activity:
Charges	—		27	206		233
Cash payments	(12)		—	(197)		(209)
Settled non cash	—		(27)	(17)	(3)	(44)
Reserve balance, June 28, 2020(1)	$	152	—	8		160

⁽¹⁾ Cash outlays for severance are expected to be substantially paid out over the next 2 years in accordance with the Company's plans and local laws.

⁽²⁾ Other includes project expense such as salaries for employees supporting these initiatives and consulting expenses.

⁽³⁾ Relates to pension related actuarial losses associated with the transfer of employees to Jabil Inc. as part of the strategic collaboration.

The Company continuously reevaluates its severance reserves related to restructuring and the timing of payments due to the planned release of associates regarding several longer-term projects. The Company believes that the existing severance reserves are sufficient to cover the Global Supply Chain plans given the period over which the actions will take place. The Company will continue to assess and make adjustments as necessary if additional amounts become probable and estimable.