XML 27 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Restructuring and Other Charges
 3 Months Ended
Oct. 28, 2017
Restructuring Charges [Abstract]  
Restructuring and Other Charges
Restructuring and Other Charges
The Company began taking action under a restructuring plan in August 2016 (the "Fiscal 2017 Plan"), in order to reinvest in its key priority areas. In the first quarter of fiscal 2018, the Company extended the Fiscal 2017 Plan to include an additional $150 million of estimated additional pretax charges for employee severance and other one-time termination benefits. The Company's estimated aggregate pretax charges of approximately $1.0 billion under the Fiscal 2017 Plan are primarily cash based and consist primarily of employee severance and other one-time termination benefits, and other associated costs. In connection with this plan, the Company has incurred cumulative charges of approximately $908 million and it expects the Fiscal 2017 Plan to be substantially completed by the end of the second quarter of fiscal 2018.
The following tables summarize the activities related to the restructuring and other charges (in millions):
 
 
FISCAL 2017 AND PRIOR PLANS
 
 
 
 
Employee
Severance
 
Other
 
Total
Liability as of July 29, 2017
 
$
74

 
$
43

 
$
117

Charges
 
145

 
7

 
152

Cash payments
 
(79
)
 
(16
)
 
(95
)
Non-cash items
 
—

 
(6
)
 
(6
)
Liability as of October 28, 2017
 
$
140

 
$
28

 
$
168

 
 
FISCAL 2017 AND PRIOR PLANS
 
 
 
 
Employee
Severance
 
Other
 
Total
Liability as of July 30, 2016
 
$
21

 
$
24

 
$
45

Charges
 
369

 
42

 
411

Cash payments
 
(269
)
 
(1
)
 
(270
)
Non-cash items
 
(4
)
 
(43
)
 
(47
)
Liability as of October 29, 2016
 
$
117

 
$
22

 
$
139