Restructuring, Impairment and Disposal Charges

3 Months Ended

Jan. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure

Restructuring Charges

The following is a summary of significant restructuring expense recognized primarily in operating expenses:

•During the first quarter of fiscal year 2021, we initiated cost reduction activities associated with plans to align our workforce with strategic business activities and to improve efficiencies in our operations. As a result, we recognized $75 million of restructuring expense primarily related to employee termination costs during the fiscal quarter ended January 31, 2021.

•During the first quarter of fiscal year 2020, we initiated cost reduction activities associated with the Symantec Asset Purchase. As a result, we recognized $33 million of restructuring expense primarily related to employee termination costs during the fiscal quarter ended February 2, 2020. These restructuring activities were substantially completed at the end of fiscal year 2020.

•During the first quarter of fiscal year 2019, we initiated cost reduction activities associated with our acquisition of CA, Inc. As a result, we recognized $19 million of restructuring expense primarily related to employee termination and lease and other exit costs during the fiscal quarter ended February 2, 2020. These restructuring activities were substantially completed at the end of fiscal year 2020.

The following table summarizes the significant activities within, and components of, the restructuring liabilities during the fiscal quarter ended January 31, 2021:

	Employee Termination Costs		Leases and Other Exit Costs (a)		Total
	(In millions)
Balance as of November 1, 2020	$	34	$	—	$	34
Restructuring charges	61		14		75
Utilization	(52)		(14)		(66)
Balance as of January 31, 2021 (b)	$	43	$	—	$	43

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(a) As of January 31, 2021, $78 million of restructured lease liabilities were included in short-term and long-term lease liabilities.

(b) We expect the majority of the employee termination costs balance to be paid within the next twelve months.