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Restructuring and Other Charges
9 Months Ended
Apr. 28, 2018
Restructuring Charges [Abstract]  
Restructuring and Other Charges
Restructuring and Other Charges
Fiscal 2018 Plan The Company initiated a restructuring plan in the third quarter of fiscal 2018 (the "Fiscal 2018 Plan") in order to realign the organization and enable further investment in key priority areas. The total pretax charges are estimated to be approximately $300 million. In connection with the Fiscal 2018 Plan, the Company incurred charges of $82 million for the three and nine months ended April 28, 2018. These aggregate pretax charges are primarily cash based and consist of employee severance and other one-time termination benefits, and other associated costs. The Company expects the Fiscal 2018 Plan to be substantially completed in fiscal 2019.
Fiscal 2017 Plan 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 incurred cumulative charges of approximately $1.0 billion, which were primarily cash based and consisted of employee severance and other one-time termination benefits, and other associated costs. The Company completed the Fiscal 2017 Plan in the third quarter of fiscal 2018.
The following tables summarize the activities related to the restructuring and other charges (in millions):
 
 
FISCAL 2017 PLAN
 
FISCAL 2018 PLAN
 
 
 
 
Employee
Severance
 
Other
 
Employee
Severance
 
Other
 
Total
Liability as of July 29, 2017
 
$
74

 
$
43

 
$

 
$

 
$
117

Charges
 
223

 
27

 
75

 
7

 
332

Cash payments
 
(245
)
 
(30
)
 
(49
)
 
(1
)
 
(325
)
Non-cash items
 
4

 
(18
)
 

 
(6
)
 
(20
)
Liability as of April 28, 2018
 
$
56

 
$
22

 
$
26

 
$

 
$
104

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

 
$
24

 
$
45

Charges
 
510

 
104

 
614

Cash payments
 
(463
)
 
(26
)
 
(489
)
Non-cash items
 
(7
)
 
(57
)
 
(64
)
Liability as of April 29, 2017
 
$
61

 
$
45

 
$
106