MERGER, RESTRUCTURING, AND OTHER ACCRUALS (Tables)

9 Months Ended

Sep. 27, 2014

Summary of Major Components of Merger, Restructuring and Other Operating Expenses, Net

The table below summarizes the major components of Merger, restructuring and other operating expenses, net.

	Third Quarter				Year-to-Date
(In millions)	2014		2013		2014		2013
Merger related expenses
Employee related expenses	$	17	$	10	$	136	$	19
Transaction and integration		33		24		92		45
Other related expenses		5		6		14		8
Total Merger related expenses		55		40		242		72
Restructuring and certain other expenses		17		4		34		18
Total Merger, restructuring and other operating expenses, net	$	72	$	44	$	276	$	90

Facility Closure and Severance Costs

The activity in the merger and restructuring accruals in year-to-date 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	$	90	$	(79	)	$	—		$	34
Other restructuring accruals		5		19		(16	)		—			8
Acquired entity accruals		4		—		(2	)		(1	)		1
		32		109		(97	)		(1	)		43
Lease and contract obligations, accruals for facilities closures and other costs
Merger-related accruals		25		55		(54	)		(6	)		20
Other restructuring accruals		62		13		(36	)		1			40
Acquired entity accruals		59		1		(18	)		(1	)		41
		146		69		(108	)		(6	)		101
Total	$	178	$	178	$	(205	)	$	(7	)	$	144