Restructuring and Other Charges

12 Months Ended

Apr. 25, 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 completed as of April 25, 2014. In March 2014, we initiated a business realignment plan designed to focus our resources on key strategic initiatives and streamline our business in light of the constrained IT spending environment, resulting in a reduction of our global workforce of approximately 4%. We expect such activities to be substantially completed in the second quarter of fiscal 2015. Restructuring and other charges consisted primarily of employee severance-related costs.

Activities related to these plans for the year ended April 25, 2014 were as follows (in millions):


	May 2013 Plan			March 2014 Plan			Total
Net charges	$	49.5		$	38.8		$	88.3
Cash payments		(49.5	)		(12.3	)		(61.8	)

Balance as of April 25, 2014	$	0.0		$	26.5		$	26.5

The liability for our restructuring plans as of April 25, 2014 is included in accrued compensation and related benefits in our consolidated balance sheets.

- 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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