Severance and Exit Costs

12 Months Ended

Mar. 31, 2013

Restructuring and Related Activities [Abstract]

Note 4 — Severance and Exit Costs

Fiscal Year 2012 Workforce Reduction Plan: The fiscal year 2012 workforce reduction plan (Fiscal 2012 Plan) was announced in July 2011 and consisted of a workforce reduction of approximately 400 positions. This action is part of the Company’s efforts to reallocate resources and divest non-strategic parts of the business. The total amount incurred for severance under the Fiscal 2012 Plan was $39 million. Actions under the Fiscal 2012 Plan were substantially completed by March 31, 2012.

Accrued severance and exit costs and changes in the accruals for fiscal years 2013, 2012 and 2011 were as follows:



(in millions)	Accrued Balance at March 31, 2012		Expense		Change in Estimate			Payments			Accretion and Other			Accrued Balance at March 31, 2013
Severance	$	13	$	18	$	(6	)	$	(9	)	$	—		$	16
Facilities abandonment	40		—		—			(13		)	(4		)	23
Total accrued liabilities	$	53												$	39



(in millions)	Accrued Balance at March 31, 2011		Expense		Change in Estimate			Payments			Accretion and Other		Accrued Balance at March 31, 2012
Severance	$	8	$	49	$	(8	)	$	(36	)	$	—	$	13
Facilities abandonment	47		—		—			(11		)	4		40
Total accrued liabilities	$	55											$	53



(in millions)	Accrued Balance at March 31, 2010		Expense		Change in Estimate			Payments			Accretion and Other			Accrued Balance at March 31, 2011
Severance	$	54	$	—	$	(3	)	$	(42	)	$	(1	)	$	8
Facilities abandonment	62		—		1			(19		)	3			47
Total accrued liabilities	$	116												$	55

Balances at March 31, 2013, 2012 and 2011 include severance accruals of approximately $2 million, $2 million and $8 million, respectively, and facilities abandonment accruals of approximately $23 million, $40 million and $47 million, respectively, for plans and actions prior to fiscal year 2011.

The severance liability is included in “Accrued salaries, wages and commissions” in the Consolidated Balance Sheets. The facilities abandonment liability is included in “Accrued expenses and other current liabilities” and “Other noncurrent liabilities” in the Consolidated Balance Sheets. Accretion and other includes accretion of the Company’s lease obligations related to facilities abandonment as well as changes in the assumptions related to future sublease income. These costs are included in “General and administrative” expense in the Consolidated Statements of Operations.

- 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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