Restructuring

3 Months Ended

Jun. 30, 2011

NOTE D — RESTRUCTURING

Fiscal 2010 restructuring plan: The Fiscal 2010 restructuring plan (Fiscal 2010 Plan) was announced in March 2010 and is composed of a workforce reduction of approximately 1,000 positions and global facilities consolidations. These actions were intended to better align the Company’s cost structure with the skills and resources required to more effectively pursue opportunities in the marketplace and execute the Company’s long-term growth strategy. The total amounts incurred with respect to severance and facilities abandonment under the Fiscal 2010 Plan are $43 million and $2 million, respectively. Actions under the Fiscal 2010 Plan were substantially completed by the end of fiscal year 2011.

Fiscal 2007 restructuring plan: In August 2006, the Company announced the Fiscal 2007 restructuring plan (Fiscal 2007 Plan) to significantly improve the Company’s expense structure and increase its competitiveness. The Fiscal 2007 Plan’s objectives included a workforce reduction of approximately 3,100 employees, global facilities consolidations and other cost reductions. The total amounts incurred with respect to severance and facilities abandonment under the Fiscal 2007 Plan are $220 million and $120 million, respectively. Actions under the Fiscal 2007 Plan were substantially completed by the end of fiscal year 2010.

Accrued restructuring costs at June 30, 2011 and changes in the accruals during the three months ended June 30, 2011 and 2010 associated with the Fiscal 2010 and Fiscal 2007 Plans were as follows:


				Facilities
Fiscal 2010 Plan	Severance			Abandonment
	(in millions)
Accrued balance at March 31, 2010	$	46		$	2
Activity for the period ended June 30, 2010
Change in estimate		(3	)		—
Payments		(22	)		—
Accretion and other		(1	)		—

Accrued balance at June 30, 2010	$	20		$	2


Accrued balance at March 31, 2011	$	4		$	1
Activity for the period ended June 30, 2011
Change in estimate		(1	)		—
Payments		(1	)		—

Accrued balance at June 30, 2011	$	2		$	1


				Facilities
Fiscal 2007 Plan	Severance			Abandonment
	(in millions)
Accrued balance at March 31, 2010	$	8		$	60
Payments		(2	)		(4	)

Accrued balance at June 30, 2010	$	6		$	56


Accrued balance at March 31, 2011		4			46
Change in estimate		—			1
Payments		(1	)		(4	)
Accretion and other		—			1

Accrued balance at June 30, 2011	$	3		$	44

The severance liability is included in the “Accrued salaries, wages and commissions” line item on the Condensed Consolidated Balance Sheet. The facilities abandonment liability is included in the “Accrued expenses and other current liabilities” and “Other noncurrent liabilities” line items on the Condensed Consolidated Balance Sheet. The costs are included in the “Restructuring and other” line item on the Condensed Consolidated Statements of Operations.

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 the “General and administrative” expense line item on the Condensed 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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