Workforce Reduction Costs

3 Months Ended

Aug. 24, 2014

Restructuring and Related Activities [Abstract]

Workforce Reduction Costs

During fiscal 2014, we performed comprehensive reviews of our operations and support structure resulting in changes in our growth plans and related support structure needs. As a result, we had workforce reductions and program spending cuts in September 2013 (September 2013 Plan), January 2014 (January 2014 Plan) and May 2014 (May 2014 Plan). In accordance with these actions, we incurred employee termination benefits costs and other costs. The following table summarizes the accrued employee termination benefits and other costs which are primarily included in other current liabilities in our consolidated balance sheet as of August 24, 2014:



(in millions)	September 2013 Plan		January 2014 Plan		May 2014 Plan		Payments			Adjustments			Balance at August 24, 2014
Employee termination benefits (1)	$	7.7	$	0.7	$	5.0	$	(8.0	)	$	(0.6	)	$	4.8
Other	0.8		0.1		0.2		(0.7		)	(0.2		)	0.2
Total	$	8.5	$	0.8	$	5.2	$	(8.7	)	$	(0.8	)	$	5.0


(1)	Excludes costs associated with stock options and restricted stock that will be settled in shares upon vesting.

We expect the remaining liability to be paid by the first quarter of fiscal 2017.

- 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.

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