Restructuring And Other Charges

6 Months Ended

Jan. 26, 2013

Restructuring and Related Activities [Abstract]


5.	Restructuring and Other Charges

In fiscal 2011, the Company initiated a number of key targeted actions to address several areas in its business model. These actions were intended to simplify and focus the Company's organization and operating model, align the Company's cost structure given transitions in the marketplace, divest or exit underperforming operations, and deliver value to the Company's shareholders. The Company initiated these actions to align its business based on its five foundational priorities: leadership in its core business (routing, switching, and associated services), which includes comprehensive security and mobility solutions; collaboration; data center virtualization and cloud; video; and architectures for business transformation.

Pursuant to the restructuring that the Company announced in July 2011, the Company has incurred cumulative charges of approximately $1.1 billion (included as part of the charges discussed below). The Company has substantially completed the July 2011 restructuring and does not expect significant remaining charges related to these actions. The following table summarizes the activities related to the restructuring and other charges pursuant to the Company's July 2011 announcement related to the realignment and restructuring of the Company's business as well as certain consumer product lines as announced during April 2011 (in millions):



	Voluntary Early Retirement Program			Employee Severance			Goodwill and Intangible Assets			Other			Total
Gross charges in fiscal 2011	$	453		$	247		$	71		$	28		$	799
Cash payments	(436		)	(13		)	—			—			(449		)
Non-cash items	—			—			(71		)	(17		)	(88		)
BALANCE AT JULY 30, 2011	$	17		$	234		$	—		$	11		$	262
Gross charges in fiscal 2012	—			299			—			54			353
Change in estimate related to fiscal 2011 charges	—			(49		)	—			—			(49		)
Cash payments	(17		)	(401		)	—			(18		)	(436		)
Non-cash items	—			—			—			(20		)	(20		)
BALANCE AT JULY 28, 2012	$	—		$	83		$	—		$	27		$	110
Charges in fiscal 2013	—			77			—			(5		)	72
Cash payments	—			(139		)	—			(10		)	(149		)
Non-cash items	—			—			—			(3		)	(3		)
BALANCE AT JANUARY 26, 2013	$	—		$	21		$	—		$	9		$	30

- 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.

+ References+ Details