Restructuring and Other Charges

3 Months Ended

Jul. 25, 2014

10. 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 were completed in fiscal 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 are summarized as follows (in millions):


	Three Months Ended July 25, 2014			Three Months Ended July 26, 2013
	(March 2014 Plan)			(May 2013 Plan)
Balance at beginning of period	$	26.5		$	0.0
Net charges		0.0			48.4
Cash payments		(21.6	)		(24.6	)

Balance at end of period	$	4.9		$	23.8

The liability for our restructuring plans is included in accrued compensation and related benefits in our condensed 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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