Restructuring and Other Charges

9 Months Ended

Jan. 24, 2014

12. Restructuring and Other Charges

In May 2013, we initiated a business restructuring plan under which we realigned internal resources, resulting in a reduction of our global workforce of approximately 7%. Such activities have been substantially completed as of January 24, 2014. Restructuring and other charges during the nine months ended January 24, 2014 consisted primarily of employee severance-related costs.

Activities related to this plan for the nine months ended January 24, 2014 were as follows (in millions):


	Total
Net charges	$	49.5
Cash payments		(48.9	)

Balance as of January 24, 2014	$	0.6

The reserve balance as of January 24, 2014 is included in accrued compensation and related benefits in our condensed consolidated balance sheet.

- 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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