Restructuring And Transition

6 Months Ended

Sep. 28, 2012

Restructuring And Transition [Abstract]

Note 7. Restructuring and Transition

Transition and other related costs

Transition and other related costs generally include severance associated with the integration of acquisitions in efforts to streamline our business operations, consulting costs associated with the planning and design phase of implementing a new enterprise resource planning system, and various costs related to the outsourcing of certain back office functions. Severance costs generally include severance, outplacement services, health insurance coverage, and legal costs.

Exit and disposal costs

Our exit and disposal costs consist primarily of costs associated with closing or consolidating certain facilities. Facilities costs generally include rent expense and lease termination costs, less estimated sublease income. Largely as a result of business acquisitions, management may deem certain leased facilities to be excess to requirements and make a plan to exit them either at the time of acquisition or after the acquisition in conjunction with our efforts to integrate and streamline our operations. As of September 28, 2012, liabilities for these excess facility obligations at several locations around the world are expected to be paid over the respective lease terms, the longest of which extends through fiscal 2018.

Restructuring and transition summary


	March 30, 2012	Costs, Net of Adjustments ⁽¹⁾	Cash Payments	September 28, 2012
	(In millions)
Exit and disposal costs	$ 16	$ 2	$ (5)	$ 13
Transition and other related costs		56
Total restructuring and transition		$ 58
Balance Sheet:
Other current liabilities	$ 8			$ 6
Other long-term obligations	8			7
Total restructuring liabilities	$ 16			$ 13

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⁽¹⁾ Total net adjustments were not material for the six months ended September 28, 2012. Included in transition and other related costs is $40 million of severance costs and $16 million in consulting costs associated with the planning and design phase of implementing a new enterprise resource planning system. Restructuring and transition costs are included in our Other segment.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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