MERGER, RESTRUCTURING, AND OTHER ACCRUALS (Tables)

6 Months Ended

Jun. 28, 2014

Summary of Merger, Restructuring and Other Operating Expenses, Net

The table below summarizes Merger, restructuring and other operating expenses, net.

	Second Quarter				First Half
(In millions)	2014		2013		2014		2013
Merger, restructuring and other operating expenses, net
Merger related expenses
Employee related expenses	$	48	$	7	$	119	$	9
Transaction and integration		38		9		59		21
Other related expenses		6		1		10		2
Total Merger related expenses		92		17		188		32
Restructuring and certain other expenses		11		10		16		14
Total	$	103	$	27	$	204	$	46

Facility Closure and Severance Costs

The activity in the merger and restructuring accruals in the first half of 2014 is presented in the table below.

(In millions)	Beginning Balance		Charges Incurred		Cash Payments			Currency, Lease Accretion and Other Adjustments			Ending Balance
2014
Termination benefits
Merger-related accruals	$	23	$	76	$	(60	)	$	—		$	39
Other restructuring accruals		5		9		(9	)		—			5
Acquired entity accruals		4		—		(2	)		—			2
		32		85		(71	)		—			46
Lease and contract obligations, accruals for facilities closures and other costs
Merger-related accruals		25		48		(29	)		(3	)		41
Other restructuring accruals		62		6		(25	)		3			46
Acquired entity accruals		59		1		(14	)		—			46
		146		55		(68	)		—			133
Total	$	178	$	140	$	(139	)	$	—		$	179