Restructuring and Other Charges

6 Months Ended

Jan. 25, 2020

We initiated a restructuring plan during fiscal 2018 (the “Fiscal 2018 Plan”) in order to realign the organization and enable further investment in key priority areas. The aggregate pretax charges related to the Fiscal 2018 Plan were primarily cash-based and consisted of employee severance and other one-time termination benefits, and other associated costs. In connection with the Fiscal 2018 Plan, we incurred charges of $42 million and $226 million for the second quarter and first six months of fiscal 2020, respectively, and have incurred cumulative charges of $656 million. We completed the Fiscal 2018 Plan in the second quarter of fiscal 2020.

The following tables summarize the activities related to the restructuring and other charges (in millions):



	FISCAL 2017 AND PRIOR PLANS					FISCAL 2018 PLAN
	Employee Severance		Other			Employee Severance			Other			Total
Liability as of July 27, 2019	$	—	$	5		$	22		$	6		$	33
Charges	—		—			209			17			226
Cash payments	—		—			(202		)	(1		)	(203		)
Non-cash items	—		(2		)	—			(21		)	(23		)
Liability as of January 25, 2020	$	—	$	3		$	29		$	1		$	33



	FISCAL 2017 AND PRIOR PLANS						FISCAL 2018 PLAN
	Employee Severance			Other			Employee Severance			Other			Total
Liability as of July 28, 2018	$	41		$	13		$	19		$	—		$	73
Charges	—			(1		)	222			43			264
Cash payments	(31		)	(3		)	(202		)	(1		)	(237		)
Non-cash items	—			—			—			(42		)	(42		)
Liability as of January 26, 2019	$	10		$	9		$	39		$	—		$	58

Fiscal 2020 Plan We initiated a restructuring plan in the third quarter of fiscal 2020 (the “Fiscal 2020 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. These aggregate pretax charges are primarily cash based and consist of employee severance and other one-time termination benefits, and other costs. We expect the Fiscal 2020 Plan to be substantially completed in fiscal 2021.