Restructuring and Other Charges

12 Months Ended

Jul. 27, 2019

We initiated a restructuring plan during fiscal 2018 (the “Fiscal 2018 Plan”) in order to realign our organization and enable further investment in key priority areas with estimated pretax charges of $600 million. In connection with the Fiscal 2018 Plan, we incurred charges of $322 million during fiscal 2019, and have incurred cumulative charges of $430 million. These aggregate pretax charges are primarily cash-based and consist of employee severance and other one-time termination benefits, and other associated costs. We expect the Fiscal 2018 Plan to be substantially completed in the first half of fiscal 2020.

We announced a restructuring plan in August 2016 (the “Fiscal 2017 Plan”), in order to reinvest in our key priority areas. In connection with the Fiscal 2017 Plan, we incurred cumulative charges of $1.0 billion, which were primarily cash-based and consisted of employee severance and other one-time termination benefits, and other associated costs. We completed the Fiscal 2017 Plan in fiscal 2018.

The following table summarizes the activities related to the restructuring and other charges, as discussed above (in millions):



	FISCAL 2017 AND PRIOR YEAR PLANS						FISCAL 2018 PLAN
	Employee Severance			Other			Employee Severance			Other			Total
Liability as of July 30, 2016	$	21		$	24		$	—		$	—		$	45
Charges	625			131			—			—			756
Cash payments	(569		)	(37		)	—			—			(606		)
Non-cash items	(3		)	(75		)	—			—			(78		)
Liability as of July 29, 2017	74			43			—			—			117
Charges	227			23			92			16			358
Cash payments	(262		)	(35		)	(73		)	(2		)	(372		)
Non-cash items	2			(18		)	—			(14		)	(30		)
Liability as of July 28, 2018	41			13			19			—			73
Charges	—			(1		)	252			71			322
Cash payments	(41		)	(7		)	(248		)	(3		)	(299		)
Non-cash items	—			—			(1		)	(62		)	(63		)
Liability as of July 27, 2019	$	—		$	5		$	22		$	6		$	33